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Egypt is missing out on a golden opportunity to become an exporter of renewable energy due to our insistence on using coal despite clear signs this is the wrong choice, Ragia El Gerzawy writes in a column for Al Masry Al Youm. Using coal for energy production simply does not make sense for Egypt: We […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Columnists collectively shake their heads at the Tiran and Sanafir saga
As expected, the nation’s columnists are still collectively shaking their heads at the handover of Tiran and Sanafir to Saudi Arabia. The entire ordeal was mismanaged and showed a lack of political wisdom on the government’s part as it insisted on passing the contentious agreement during such volatile times, Al Ahram’s Farouk Goweida says, adding […]
Posted inWorth reading
Joseph Assad, Egyptian ex-CIA at the center of East-versus-West spy games in Montenegro
Meet Joseph Assad, the Egyptian former CIA agent at the center of East-versus-West spy games in Montenegro: Former CIA agent Joseph Assad’s trip to Montenegro ahead of an alleged coup there is the focus of a congressional inquiry on whether he was part of the plot. Russia has been accused by both the Montenegrin government […]
Posted inDiplomacy + Foreign Trade
Nigeria lifts ban on furniture imports, Kabil sees it an opportunity for Egypt
Nigeria lifted a 2005 ban on furniture imports, creating an export opportunity for Egyptian furniture manufacturers, Trade and Industry Minister Tarek Kabil said, according to Ahram Gate. Kabil says the decision comes following discussions in Geneva between the ministry and Nigerian officials. Kabil says Egypt noted that the ban was in violation with World Trade […]
Posted inDiplomacy + Foreign Trade
Investment Minister to sign agreement with EBRD
Investment Minister to sign agreement with EBRD: The European Bank for Reconstruction and Development’s Managing Director for the SEMED region Janet Heckman is expected to sign an agreement today with Investment and International Cooperation Minister Sahar Nasr, according to a ministry statement. The statement provides no details on the agreement that will be signed, but […]
Posted inDiplomacy + Foreign Trade
Egypt rejects Italian prosecutors’ request to attend questioning of police officers who investigated Regeni before his death
Egypt rejected Italian prosecutors’ request to attend the questioning of the seven police officers who had investigated Italian graduate student Giulio Regeni prior to his death, Italian news website Ansa reports. The Egyptian government said that laws prohibit the presence of foreign officials during such legal proceedings and instead sent Italy a report summarizing the […]
Posted inEnergy
OTMT-Lafarge Holcim planning to increase investments in refuse-derived fuel
A consortium formed by OTMT and Lafarge Holcim is planning to increase its investments in refuse-derived fuel (RDF) projects to EGP 600 mn by the end of 2018, Al Borsa reports. The consortium is also looking to expand its RDF production over the next three years and is currently in talks to establish eight factories […]
Posted inInfrastructure
Armed Forces’ Engineering Authority to build four desalination plants
The Armed Forces’ Engineering Authority is set to establish four water desalination plants in cooperation with a German and a French company, Authority chairman Kamel El Wazir said, according to Al Mal. Three plants in East Port Said, Alamein, and Galala will each have a capacity of 150k cubic feet per day. The fourth in […]
Posted inBasic Materials + Commodities
Supply Ministry has rice reserves to last for two months
The Supply Ministry says rice supplies in stock are enough to last two months, the ministry’s spokesperson said, according to Al Shorouk. The ministry is set to buy its needs in rice from local farmers soon, with domestic rice purchase prices to be determined soon after Eid Al-Fitr.
Posted inManufacturing
Alexandria’s Chamber of Commerce setting up EGP 5 bn industrial complex
Alexandria’s Chamber of Commerce is attempting to set up a new EGP 5 bn industrial complex comprised of a logistics zone and a commodities exchange center, Federation of Egyptian Chambers of Commerce head Ahmed El Wakil said, Al Mal reports. The chamber is currently in talks with representatives from the Alexandria governorate to allocate 150-200 […]