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The Devolution of Arabic Music: Alaa Wardi, a Saudi-Iranian singer (we can’t help but wonder what his family reunions are like) has created an acapella mashup of 42 of the most popular songs in the Arab world. With the help of Angham, Wardi takes us back to the early 1900s to present day, covering icons […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
El Sisi meets Uruguay’s president in Cairo
President Abdel Fattah El Sisi met yesterday with Uruguay’s President Tabaré Vázquez, marking the first official visit from a Uruguayan president since 1932, according to an emailed Ittihadiya statement. The two leaders discussed the trade liberalization agreement between Egypt and the Mercosur region, which Vázquez said “will reinvigorate economic relations between the two countries, especially […]
Posted inDiplomacy + Foreign Trade
Russian Industrial Zone expected to be signed by this fall
We should have a Russian industrial zone agreement by fall: The Russian Industrial Zone in East Port Said’s signing is expected to take place by this fall, Russian Industry and Trade Minister Denis Manturov said, according to TASS. Trade and Industry Minister Tarek Kabil is reportedly set to visit Russia next month to finalize the […]
Posted inDiplomacy + Foreign Trade
Egyptian Embassy in Kabul damaged in blast
The Egyptian embassy’s building and the ambassador's residence in Kabul were significantly damaged in a blast that claimed the lives of at least 80 people in the diplomatic square, according to a Foreign Affairs ministry statement. One embassy guard was also injured.
Posted inEnergy
GE, Shanghai Electric, and a Marubeni-Mitsubishi JV bid for Hamrawein
General Electric, Shanghai Electric, and a Marubeni-Mitsubishi JV are the three biggest players bidding on the USD 8 bn Hamrawein “clean coal” power plant, government sources tell Al Borsa. Belgian consultant Tractebel is reportedly about to start reviewing the three technical and financial offers that the Electricity Holding Company (EEHC) received earlier this month.
Posted inBasic Materials + Commodities
USD 100 mn silos complex inaugurated in Luxor
A USD 100 mn silos complex built by Denmark’s Cimbria was inaugurated in early May by President Abdel Fattah El Sisi in Luxor, Susan Reidy reports for World-Grain.com. The facility consists of 23 silos with a total storage capacity of 1.38 mn tonnes of wheat. “Geographically, the locations of the 23 plants stretch from the […]
Posted inBasic Materials + Commodities
Dutch company helping Egyptian producers transition to high value vegetables
Dutch company Rijk Zwaan is taking part in Egypt’s production transition from low to high value vegetables, according to a profile on Fresh Plaza. “At our R&D station located in Ismalia, we execute a tailor-made program testing new varieties that can withstand the climate conditions and are resistant to local diseases. As the weather in […]
Posted inBasic Materials + Commodities
Fish prices down by 30-40% after export restrictions
Fish prices have fallen 30-40% since the imposition of export restrictions, Cairo Chamber of Commerce’s Fish Division suggested, according to Al Borsa. An EGP 12,000 per tonne fee was imposed on the exports of fish for four months starting at the end of April.
Posted inBasic Materials + Commodities
GASC buys 180k tonnes of Russian, Romanian wheat
GASC bought 180,000 tonnes of Russian and Romanian wheat in a purchase tender on Wednesday, Reuters reports.
Posted inTourism
Tourism Ministry agrees to launch cruise trips between Egypt and Greece
The Tourism Ministry reached an agreement with Greece last week to launch cruise lines between the two countries, international relations advisor to the Tourism Minister Samy Mahmoud tells Al Shorouk. The trips will begin with medium-sized cruise ships carrying 700-800 passengers between Greece and Egypt, via Port Said and Alexandria. The ministry plans to begin […]