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Coverage of Egypt in the international press this morning is relatively light and neutral, ranging from the stupid (the notion of Egypt “charging” for Facebook use, courtesy the Independent) to the depressing (bread lines, from the always on-point Heba Saleh for the Financial Times). President Abdel Fattah El Sisi is “trying to neuter the courts, […]
Author Archives: enterpriseam admin
Posted inWorth watching
Egypt’s female cargo truck driver
“I want to show people that a woman is capable of doing everything”: TRT World did a short report on Ferial Khalil, a female Egyptian truck driver. Khalil says she started driving trucks to be able to take care of herself and earn a living after being inspired when she saw a female taxi driver […]
Posted inDiplomacy + Foreign Trade
Sudan refuses entry to Egyptian shipments due to truck drivers lacking entry visas
Trade rift with Sudan escalates: Sudan refused to grant entry to some 500 Egyptian trucks until the truck drivers receive entry visas, Al Masry Al Youm reports. Sudan had issued last month an entry visa requirement for all Egyptian males aged 18-50. According to Transportation Ministry sources, Sudan has also imposed a cap on visas […]
Posted inEnergy
Elsewedy Electric subsidiary signs contract for 356 km-long transmission lines
Elsewedy Electric’s subsidiary Elsewedy Electric for Trading & Distribution has signed an EPC contract with the Egyptian Electricity Transmission Company (EETC) for two 500 kV electricity transmission lines in Upper Egypt with a total length of 356 km. The contract consists of an EGP 2.02 bn tranche and another one for USD 69.1 mn. The […]
Posted inEnergy
Iraq loads first Egypt-bound crude cargo
Iraq said it started loading a tanker with 2 mn bbl of crude bound for Egypt, according to Reuters. The shipment would be the first under a one-year bilateral agreement under which Iraq will sell 12 mn bbl of oil to Egypt. The agreement was reached last month.
Posted inEnergy
AMOC to buy condensates from Dana Gas
Alexandria Mineral Oils Company (AMOC) has reached an agreement to buy condensates produced by Dana Gas, according to Al Shorouk. The agreement will be signed within a week, AMOC’s head said. AMOC aims to refine 1,500 boe a day of Dana Gas’ condensates in its refineries for two months, increasing the amount to 4,000 boe […]
Posted inEnergy
Nooros gas field to produce 1.2 bcf/d before the end of August -El Molla
Production from Eni’s Nooros gas field will reach 1.2 bcf/d before the end of August, up from a current 920-970 mcf/d, Oil Minister Tarek El Molla tells Youm7. According to El Molla, the company is in the final phases of drilling to expand production from the field.
Posted inEnergy
Egyptera grants Infinity 25-year energy production license
The Egyptian Electric Utility and Consumer Protection Agency’s (Egyptera) board of directors approved granting Infinity Solar a 25-year energy production license, Al Borsa reports. The board also approved granting five unnamed solar power companies temporary one-year licenses for energy production under the feed-in tariff program. The companies will be granted permanent licenses once they secure […]
Posted inInfrastructure
Egypt’s ECC, Hungary’s Organica Technologiak announce wastewater partnership
Picking up where we left off last week, Egypt’s ECC and Hungary’s Organica Technologiak have confirmed media reports they are forming a joint venture named ECC-Aquatech Co. to pursue opportunities in Egypt’s wastewater sector. The two companies said in a joint statement (pdf) that “The new company will establish a water treatment plant in Egypt […]
Posted inBasic Materials + Commodities
Egypt was China’s fourth-largest orange export market last year, demand in 2017 good
9.5% of China’s orange imports in 2016 came from Egypt, making it our fourth-largest orange export market, according to Produce Report. South Africa was the largest exporter of oranges to China in 2016, with 32.7% of the total exports. “So far in 2017, oranges in the Chinese market were mainly imported from America, Spain and […]