The House of Representatives appears to be moving against raising water prices during discussions of the FY2017-18 budget, according to Al Shorouk. The House Housing Committee issued a statement through its head Alaa Waly condemning proposed hikes in water prices announced last month by the chairman of the Holding Company for Water and Wastewater Mamdouh […]
Author Archives: enterpriseam admin
Blast in Manchester kills 19, injures 50
A suspected bombing at an Ariana Grande performance in the UK city Manchester left 19 dead and at least 50 others injured overnight, police officials said, according to Reuters. Terrorism is suspected.
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Dine with the rats at SF Dungeon this summer
Yes, ladies and gentlemen, these rats are alive and kicking. For the coming months of summer, the San Francisco Dungeon is offering people a chance to dine alongside live rats and get a true feel of what the Bay area was like some 200 years ago. For a USD 50 premium, Dungeon dwellers can sip […]
Trump’s Middle East trip tops coverage of Egypt
Topping coverage of Egypt on a slow news morning is the nation’s top billing among the Sunni Arab alliance that US President Donald Trump was promoting during his Middle East tour. Having the US support forming a NATO-like pact between the Arab states would be a “terrible mistake,” Rashid Khalidi writes for The Guardian. He […]
Egypt wants to see more Chinese investment, Sahar Nasr says in Chinese TV interview
Egypt wants to see more investment from the Chinese government and private sector and worked to drive home that message at the Belt and Road Forum, Investment and International Cooperation Minister Sahar Nasr said in an interview with China’s CTGN Arabic in Beijing last week. The minister said that China is currently the 21st biggest […]
Diplomacy + Foreign Trade on 23 May 2017
Eritrea says its deepening ties with Egypt do not mean that it will be looking to disrupt the construction of the Grand Ethiopian Renaissance Dam (GERD), President Isaias Afwerki said, according to Bloomberg. “The claim by the Ethiopian regime that the relation between Eritrea and Egypt is targeting the millennium dam is unfounded,” Eritrea’s Information […]
Eight firms submit offers for Egypt-Saudi interconnection project -sources
Eight international firms submitted technical offers for the Saudi-Egyptian electricity interconnection project, Electricity Ministry officials tell Daily News Egypt. The pool of bidders reportedly includes Saudi’s NCC, China’s State Grid Corporation, Korea’s Hyundai, India’s KEC International Limited, Energy China, and India’s Kalpataru Power Transmission. Egyptian Electricity Transmission Company Chairman Gaber El Dessouki was in Riyadh […]
11 global companies to submit offers for EUR 250 mn Gabal Al Zeit wind farm
11 international companies will be presenting offers for the EUR 250 mn Gabal Al Zeit wind farm at the end of May, an unnamed source tells Al Mal. According to the source, Vestas, Axion, and Siemens are among the companies expected to compete for the 250 MW project. The French Development Agency, Germany’s KfW, and […]
ABB to establish USD 10 mn power transformer factory
ABB is planning to establish a USD 10 mn power transformer factory in 10th of Ramadan City, the company’s power products unit manager Mohamed Salem tells Al Borsa. The factory is expected to have a production capacity of 10k transformers per annum.