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The United States’ decision to withhold military and economic aid to Egypt should give us an incentive to regain our regional influence, particularly as discussions on the aid allude to Egypt’s former position of strength that had previously justified the aid packages, Abdel Nasser Salama writes for Al Masry Al Youm. Egypt’s human rights situation […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Hamas delegation, headed by Haniyeh, arrives in Cairo
Hamas leader Ismail Haniyeh arrived in Cairo yesterday for talks with Egyptian officials to discuss alleviating the blockade of Gaza and brokering a truce with its rival, Fatah, Hamas spokesman Fawzi Barhoum said, Reuters reports. The two sides will also discuss the reopening of the Rafah border crossing, as well as security and power supplies, […]
Posted inDiplomacy + Foreign Trade
Pope refuses to voice opinion on Australian plans to deport Coptic families
Pope Tawadros was reluctant to voice his thoughts about what Australia should do about 20 Coptic families facing deportation during his trip down under last week. Pope Tawadros said: “the decision [is] up to the Australian authorities” and “we appreciate generally any support for any Egyptian people,” SBS reports.
Posted inEnergy
Petrobel awards GE subsidiary “major subsea contract” on Zohr
Eni-EGPC JV Petrobel awarded General Electric oilfield services subsidiary Baker Hughes “a major subsea contract” for work on the second phase of the giant Zohr gas field, the company said in a statement. The agreement will see Baker “provide project management, engineering procurement, fabrication, construction, testing and transportation of a subsea production system...and will support […]
Posted inBasic Materials + Commodities
Kellogg’s focusing on four key areas for growth, includes emerging markets
Kellogg’s has approximately 80% more volume in emerging markets in 2017 than it did five years earlier as it focuses more on emerging markets, Chairman and CEO John Bryant says, according to Food Business News. “Big investments here include buying the largest cookie cracker company in Egypt, buying a leading cereal business in Egypt, buying […]
Posted inBasic Materials + Commodities
Egyptian Nile Company for Food Industries eyeing Gulf export market
The Egyptian Nile Company for Food Industries, which owns Enjoy juice and milk brand once popular in Egypt, is looking to begin exporting to the Gulf, the Daily News Egypt reports Chairman Mahmoud Hendy as saying. The company currently exports to the EU, the US, Iraq, and Lebanon, Hendy says.
Posted inHealth + Education
Illiteracy rate drops to 20.1% in 2016 -CAPMAS
Egypt’s illiteracy rate decreased to 20.1% in 2016, down from 23.7% a year earlier, according to CAPMAS numbers, Ahram Online reports. In total, around 14.3 mn people are unable to read or write, 9.1 mn of them being women, according to the report. The good news is that the younger population is becoming more literate, […]
Posted inHealth + Education
South Sinai plans to promote medical tourism with Prime Pharma
South Sinai governorate signed an agreement with Prime Pharma — founders of the Tour N’ Cure Hepatitis C medical tourism program — that would see the letter help develop a plan to promote medical tourism in the governorate, according to Al Mal.
Posted inTelecoms + ICT
Orange accuses TE of offering low interconnection charges compared to the market -sources
Telecom Egypt has reportedly contacted Orange Egypt to discuss a new pricing scheme for the two companies’ interconnection rates, which Orange claims TE is offering at below-market rates, sources tell Ahram Gate. The rate, which refers to the fee TE pays Orange when one of its subscribers calls an Orange number, is reportedly lower than […]
Posted inBanking + Finance
Abu Qir Fertilizers studying offers for EUR 133 mn loan offers
Abu Qir Fertilizers is studying offers for a ten-year EUR 133 mn loan from two rival banking consortia, sources tell Al Mal. The first consortium consists of the National Bank of Egypt, Banque Misr, AAIB, QNB, and CIB. The second offer is from EG Bank, Bank of Alexandria, Ahli United Bank, Bank Audi, and SAIB. […]