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MPs meet White House officials in Washington: An Egyptian parliamentary delegation currently in Washington, DC, met yesterday with US President Donald Trump’s senior adviser for the Middle East and the assistant secretary of state for Near Eastern affairs, Youm7 reports. The delegation is in the American capital until tomorrow to lobby members of Congress to […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Nigeria pledges to support Khattab’s bid as UNESCO Director-General
Nigeria will support Moushira Khattab for UNESCO director-general, Nigeria’s Education Minister Mallam Adamu Adamu said, according to Nigeria portal Leadership. Khattab is a former minister of family and population.
Posted inDiplomacy + Foreign Trade
WB disburses USD 125 mn tranche of Upper Egypt development loan
The World Bank has disbursed the first USD 125 mn tranche of a USD 500 mn loan supporting the Sisi administration’s Upper Egypt development program, Investment and International Cooperation Minister Sahar Nasr announced. The funding is earmarked for infrastructure development as well as for potable water and wastewater treatment programs. It will also support programs […]
Posted inDiplomacy + Foreign Trade
Egypt sends South Sudan humanitarian assistance
Egypt made its first delivery of humanitarian assistance to South Sudan yesterday, Al Mal reported. The paper says Egypt is planning on sending a number of humanitarian assistance packages to South Sudan over the next two months. The packages include food and medical equipment.
Posted inEnergy
Elf looks to expand into waste-to-energy projects once FiT is set
EMG subsidiary Elf will be looking to jump on the waste-to-energy bandwagon once the Egyptian government sets the feed-in tariff (FiT), Elf Managing Director Islam Soliman tells Al Borsa. Officials had said last month that the government will not be announcing a new tariff for waste-to-energy projects before October due to the existing surplus in […]
Posted inEnergy
Power plants run 100% on natural gas -sources
The Oil Ministry informed the Electricity Ministry it will commit to supplying power plants with natural gas instead of heavy fuel oil, sources tell Al Masry Al Youm. The Electricity Ministry has been looking to reduce the dependence on heavy fuel oil as it wears out the plants’ boilers and reduced their operational efficiency. Plants […]
Posted inBasic Materials + Commodities
El Sharkawy wants tobacco cultivation study ready
Public Enterprise Minister Ashraf El Sharkawy is urging Eastern Tobacco to complete a study assessing tobacco cultivation in Egypt and to expand exports, Al Masry Al Youm reports. A comprehensive study on tobacco cultivation domestically was supposed to be completed by mid-May. This came amid reports that the farmers syndicate is refusing to grow tobacco […]
Posted inBasic Materials + Commodities
Gebr. Pfeiffer to build coal grinding plant for BMIC’s cement plant
Cairo-based Building Materials Industries Company (BMIC) awarded Germany’s Gebr. Pfeiffer a turnkey contract for a complete coal grinding plant to serve its cement plant, CemNet reports. The plant is set to be operational in 1Q2018.
Posted inBasic Materials + Commodities
Rice prices will not increase anytime soon, FEI rep says
Rice prices are not expected to see any increase soon, the Federation of Egyptian Industries’ cereals chamber’s rice division chairman Ragab Shehata says, according to Al Masry Al Youm. Shehata says there is a sufficient supply of rice domestically and this might even drive prices down. He says current market prices are now around EGP […]
Posted inBasic Materials + Commodities
Egypt’s strategic wheat reserves stand at 4.4 mn tonnes, sugar at 1.2 mn tonnes
Strategic wheat reserves are at 4.4 mn tonnes, 3.4 mn tonnes of which are from local farmers, Supply Minister Ali El Moselhy said yesterday, Al Masry Al Youm reports. The minister’s statement came as the General Authority for Supply Commodities launched a global tender for an unspecified amount of wheat, to be delivered between 15 […]