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Hilton Hotels’ plan to nearly double its number of facilities in Egypt over the next seven to ten years appears is topping international headlines this morning, with most coverage focusing on how the announcement signals the return of health to this ailing sector. A close second: The visit of a Kardashian to Egypt. Other coverage […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Egypt’s neutrality makes it a reliable partner for peace in Syria
Egypt’s neutrality makes it a reliable partner for peace in Syria: Russia’s request that Egypt act as mediator on Syria peace talks is a vindication of President Abdel Fattah El Sisi’s multi-polar foreign policy, writes Emad Gad for El Watan. Beyond seeing eye to eye on the basic principle of sovereignty of the state and […]
Posted inWorth watching
Attack of the cyborg beetles
Attack of the cyborg beetles — the latest hairbrained scheme of Ernst Stavros Blofeld: Because we cannot seem to let nature be, we’ve gotten cloning in the back and now we’d like to turn insects into drones (the helicopter kind — not males of insect species). Vice’s Motherboard travelled to Singapore, where a research team […]
Posted inDiplomacy + Foreign Trade
Egypt, UAE maneuvering to bring Dahlan back to Gaza, analysts say
Egypt and the UAE are “maneuvering to bring Mohammed Dahlan back to Gaza,” Michelle Dunne and Jake Walles write for the Carnegie Endowment for International Peace. Dunne and Walles point out that getting Dahlan back could carry the short-term benefit of a “more economically stable and less desperate Gaza.” However, they note that “outside powers […]
Posted inDiplomacy + Foreign Trade
Russian industrial zone to draw in USD 7 bn in new investments -Russian officials
The Russian industrial zone that will be developed in Port Said is expected to draw in about USD 7 bn in new investments during its three construction phases, a Russian Industry Ministry official tells Sputnik’s Arabic service. Of the total, USD 6 bn will be provided by investors in the zone, while the company managing […]
Posted inDiplomacy + Foreign Trade
Petrojet talks potential maritime industry cooperation with Italy’s Rosetti Marino
Petrojet CEO Salah Ismail met with top officials from Italy’s Rosetti Marino Group on Wednesday to discuss potential cooperation in industrial maritime ventures, Youm7 reports.
Posted inDiplomacy + Foreign Trade
Rafah crossing opens for four days
The Rafah border crossing will be opened for four days on Monday so Palestinian pilgrims can travel to Saudi Arabia for hajj, Palestinian news agency Wafa reports.
Posted inEnergy
Egyptian Electricity Holding Company signs USD 109 mn contract with Mitsubishi
The Egyptian Electricity Holding Company (EEHC) signed a USD 109 mn agreement with Mitsubishi Hitachi to upgrade and refurbish two gas turbines in the main station in north Cairo, reports Al Mal. The project will be funded by the Japanese government’s Official Development Assistance Loans, which will be paid back over 40 years and carry […]
Posted inEnergy
Investment by IOCs up to USD 8.1 bn -El Molla
International oil companies’ investments in Egypt increased to USD 8.1 bn in FY 2016-17 from USD 6.6 bn a year earlier, Oil Minister Tarek El Molla told Reuters. El Molla had said in June that arrears to IOCs were reduced to USD 2.3 bn, a sign of confidence for investors. Egypt is planning on repaying […]
Posted inInfrastructure
SCZone, DP World form JV to implement development projects in the Zone
DP World and the Suez Canal Economic Zone (SCZone) will form a joint venture to implement development projects in the SCZone, Ahram Online reports. President Abdel Fattah El Sisi approved the company’s founding at a meeting with SCZone Authority Chairman Mohab Mamish and DP World CEO Sultan Ahmed Bin Sulayem. DP World, which operates the […]