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Author Archives: enterpriseam admin
Qulaan in Marsa Alam
Today’s Egypt Holiday Photo of the Day is of Qulaan in Marsa Alam. Almost all Egyptian mangrove stands, particularly in Marsa Alam, are now protected as their dense root systems filter out sediments and protect coral reefs. The image was shot for CIB’s 2016 Annual Report (microsite and print edition) by Zeina Abaza at Inktank […]
Multinational drum troupes tour historical sites in fifth Drums Festival
Multinational drum troupes tour historical sites: Drum troupes from 25 countries filled Moez Street on Friday evening to launch the fifth edition of the Drums Festival under the theme “Drums for Peace,” Daily News Egypt reports. Organized by the Tourism, Culture, and Youth and Sports ministries, the seven-day festival has seen the troupes taking their […]
Pope Francis, Tourism Minister's comments lead coverage on Egypt
Pickups of Pope Francis’ message of peace to Egypt ahead of his visit this weekend and Tourism Minister Yehia Rashed’s comments from Dubai on the state of Egypt’s tourism industry are dominating the narrative on Egypt this morning. Not satisfied with the Minister's statements, Al Jazeera is saying that the Palm Sunday terror attacks could […]
Spate of negative coverage of Egypt over the Sinai Liberation day holiday
A spate of negative coverage and opinion pieces on Egypt emerged inthe foreign press over the Sinai liberation break. We begin with Foreign Policy, which takes note of the testimony of three experts — including the Carnegie Endowment for International Peace’s Michele Dunne — at a Senate Appropriations Committee hearing on Tuesday. The three cast […]
Pope Francis’ visit is on Egyptian columnists’ minds
As Pope Francis’ arrival in Omm El Donia inches closer, the avalanche of commentary on the visit is gaining speed. Al Masry Al Youm’s Ahmed El Gamal looks at the visit through a cultural and historical lens and says it will be another landmark in Egypt’s long religious history. Ashraf Sadek takes to the pages […]
Egyptian-Saudi Trade Committee to hold a meeting mid-May
Foreign Minister Sameh Shoukry and Chinese Foreign Minister Wang Yi agreed on new channels of cooperation under the “One Belt, One Road” initiative, China’s CCTV reports. They met on the sidelines of the first Ancient Civilizations Forum in Athens, where Shoukry stressed Egypt’s role in fighting terrorism throughout history during his speech on Monday, Ahram […]
Energy spending will total USD 75 bn for the next four years
Egypt will need USD 75 bn to develop its energy sector between 2018 and 2022, according to the development strategies of both the Electricity and Oil ministries. USD 45 bn will need to be spent on developing the electricity sector, with a long term plan to generate 51.7 GW by 2030. From the looks of […]
Five solar energy companies liquidate Egypt projects
Five solar energy companies have decided to withdraw from implementing USD 400 mn worth of projects and liquidate their businesses in Egypt, Daily News Egypt reports. The companies — El Serag 1, Bareq Capital, Gulf New Energy, Adenium Energy, and Smart Green Egypt — were among the 23 that withdrew from feed-in tariff program’s phase […]
EGEMAC targeting projects worth EGP 2 bn by year’s end
EGEMAC is targeting projects worth EGP 2 bn by the end of this year, up from last year’s tally of EGP 1.6 bn, EGEMAC president Medhat Ramadan tells Al Borsa. The company is also looking to increase its subsidiary XDEGEMAC’s projects to EGP 1.5 bn from EGP 850 mn.