Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
We present to you the state-funded Cosmic Village, in all its creepy glory. If you’ve ever wondered what kind of bizarre projects into which the state pours its resources, then we invite you to learn more about the Cosmic Village. Somebody thought it would be a good idea to create replicas of Egypt’s most notable […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Border agreement between Egypt, Gaza shows shifting regional dynamics, prepares for Dahlan’s return -FT
The potential agreement to reopen the border crossing between Egypt and Hamas “reflects the changing dynamics of the region,” according to Financial Times. “The fact that the Cairo meetings took place illustrates a shift in regional relations. Hamas has become more isolated and is in need of new patrons. The UAE, which has become more […]
Posted inDiplomacy + Foreign Trade
Egypt, Vietnam to sign five MoUs
Egypt and Vietnam to sign five MoUs: Egypt and Vietnam will sign five MoUs, including ones that encourage investments between the two countries and promote stock exchange, according to a statement from the ministry. Investment Minister Sahar Nasr and Suez Canal Economic Zone (SCZone) chairman Mohab Mamish discussed cooperation in fish farming, pharma, food industries, […]
Posted inDiplomacy + Foreign Trade
Investment zones to be established in Sharm El Sheikh, Qalyubia, Kafr El Sheikh
Investment zones to be established in Sharm El Sheikh, Qalyubia, Kafr El Sheikh: The investment supremos at GAFI have ordered the establishment of a tourism investment zone in Sharm El Sheikh, according to an Investment Ministry statement. The authority also ordered the establishment of an investment zone on a 15k sqm area inside in Qalyubia, […]
Posted inDiplomacy + Foreign Trade
UN ESCWA to offer technical training for oil sector projects
UN ESCWA to offer technical training for oil sector projects: the Executive Secretary of the United Nations Economic and Social Commission for Western Asia (UN ESCWA) Mohamed Ali Alhakim discussed the possibility of his organization providing technical training for oil sector projects with Oil Minister Tarek El Molla, according to an Oil Ministry statement.
Posted inEnergy
Production at the second phase development of the West Delta fields to begin in 2018
Production at the second phase development of the West Delta fields, which will include the Giza and Fayoum fields, is expected to begin in 2018, Oil Minister Tarek El Molla said on Wednesday. The remarks came during a meeting with Thomas Rappuhn, CEO of Germany’s DEA, which owns a 17.25% share in the project. Production […]
Posted inBasic Materials + Commodities
Korean firm WooNong halts investment
Korean agricultural investment firm WooNong has halted plans for a EGP 35 mn investment in a 500-feddan land plot in New Valley’s Farafra oasis, according to Al Mal. The firm froze its investment after it failed to conclude negotiations with the Agriculture Ministry.
Posted inReal Estate + Housing
Heliopolis Company awards EGP 7.4 mn project to Utilco in New Heliopolis
Heliopolis Company for Housing and Development awarded a EGP 7.4 mn project to Utilco for Engineering and Contracting to build a tunnel crossing below the road leading to the medical center in New Heliopolis, according to an EGX filing.
Posted inReal Estate + Housing
iHome projects investment cost at EGP 1 bn
iHome real estate has invested EGP 1 bn in their projects so far,according to Al Mal. The majority of their projects are in the New Cairo area and include projects such as ‘Beit el Watan,’ which is due to deliver units in 2020.
Posted inAutomotive + Transportation
Careem integrates Hurghada’s Orange Taxi into its network
Ride-hailing app Careem is integrating the Hurghada-based Orange Taxi into its network of affiliates in a bid to expand its presence in the city, the company said on Wednesday (pdf). This comes amid expectations of a rise in tourist arrivals, says Ramy Kato, Head of Careem Egypt Operations and Vice President of Careem Care. “The […]