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Art Compilers, a four-man Egyptian band, has been translating popular Islamic songs into English to break the language barrier for non-Arab Muslims to be able to enjoy the spirituality of the songs, David Awad writes for Al-Monitor. The first work they released was “My Lord, I am at your door,” which was originally written in […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
CBE to settle USD 8.4 bn in short-term debts over the next six months
The CBE will be settling short-term debts to foreign countries amounting to USD 8.4 bn over the next six months, an unnamed bank official tells Al Mal. The CBE will be paying USD 4.3 bn in November, USD 3.8 bn in December, and USD 22-153 mn for July-October. Of those, USD 2 bn will be […]
Posted inDiplomacy + Foreign Trade
Egypt, Argentina to form trade committee
Egypt and Argentina will form a trade committee, Trade and Industry Minister Tarek Kabil said at the Egyptian-Argentinian business forum meeting, according to Youm7. The body will meet in December during the World Trade Organization meetings in Buenos Aires. A joint business council will also be formed, Kabil noted, saying that a delegation of Egyptian […]
Posted inDiplomacy + Foreign Trade
Italy inks loan agreement with the Ministry of Trade and Industry
The Italian government has come to an agreement with the Ministry of Trade and Industry to provide a loan worth EUR 45 mn in a story picked up by Al Borsa. The loan will be used to provide Italian machinery and equipment to help boost Egyptian industry. The loan will go through in 4 months […]
Posted inDiplomacy + Foreign Trade
African Development Fund, Arab Monetary Fund, World Bank to help finance Egypt’s youth unemployment program
Egypt’s new youth unemployment program will be funded through grants from the African Development Fund, the Arab Monetary Fund, and a World Bank initiative geared towards supporting women, Investment and International Cooperation Minister Sahar Nasr tells Ahram Gate. The program aims to provide 1 mn young citizens with employment opportunities over the next three years, […]
Posted inEnergy
First meeting of the new council on nuclear power
President Abdel Fattah El Sisi headed the first meeting of the newly formed Supreme Council for Civilian Nuclear Power yesterday, Al Shorouk reports. The meeting discussed the latest developments on the mythical Dabaa contracts and other civilian applications of nuclear power.
Posted inInfrastructure
Hassan Allam lands EGP 400 mn road contract
Egyptian construction firm Hassan Allam recently landed a EGP 400 mn tender to execute various road projects in Cairo and other cities during 1H2016-17, Amwal Al Ghad says. The project involves developing 14 new routes to connect different governorates, the company’s Managing Director for Financial Affairs, Atef Barbary, tells the newspaper.
Posted inBasic Materials + Commodities
Cotton farmers planning to sell their harvests on the open market
Cotton farmers are leaning towards selling their harvests on the open market, rather than to the government, due to the low prices the Agriculture Ministry has set for purchasing local cotton, head of the Egyptian Farmers’ Union Mohamed Farag tells Al Mal. The ministry had announced earlier this week that it will be buying cotton […]
Posted inBasic Materials + Commodities
Tahya Misr to invest EGP 800 mn in extracting sugar from dates
The Tahya Misr Fund is planning to invest EGP 800 mn in a factory to extract and export sugar from dates, fund director Mohamed Ashmawy tells Al Borsa. The company will be established in cooperation with the Military Production Ministry and Emirati agriculture investment company Jenaan. The fund has completed feasibility studies to plant 20 […]
Posted inBasic Materials + Commodities
Nasr talks agri-investment forum prep with FAO’s Egypt representative
Investment and International Cooperation Minister Sahar Nasr met with Egypt Representative for the UN’s Food and Agriculture Organization (FAO), Hussein Gadain, on Monday to discuss preparations for an agri-focused investment forum taking place towards the end of the year, the ministry said in a statement.