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The cheapest-ever tourism promotion campaign just fell into our laps: An Australian couple who visited Egypt early last year and “fell in love with the country” made a holiday video documenting their trip to the beat of the most famous song about Egypt — Walk Like an Egyptian. In the video, the duo is seen […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Mattis talks about expanding military cooperation in Cairo
US Defense Secretary Jim Mattis met with President Abdel Fattah El Sisi on Thursday and “addressed aspects of military and security cooperation between the two countries,” AFP reports. Mattis reiterated US commitment to reinvigorating military cooperation with Egypt and broadening its prospects. The talks also touched on the military's counterinsurgency in the Sinai Peninsula. AFP […]
Posted inDiplomacy + Foreign Trade
Shoukry, Sudanese FM meet for political consultation in Khartoum
Shoukry, Sudanese FM meet for political consultation: Foreign Minister Sameh Shoukry and his Sudanese counterpart Ibrahim Ghandour met in Khartoum on Thursday for the joint political consultation meeting that was originally slated for last week, according to a ministry statement. During the meeting, the two ministers agreed on regulating the media’s coverage of topics pertaining […]
Posted inDiplomacy + Foreign Trade
Foreign, defense ministers to hold meeting with Russian counterparts at the end of May
Shoukry, Lavrov to meet at end of May: Foreign Minister Sameh Shoukry and his Russian counterpart Sergey Lavrov agreed during a phone call on Friday to hold a meeting in Cairo at the end of May with the two countries’ defense ministers, according to a ministry statement. The statement provided no details of the meeting’s […]
Posted inDiplomacy + Foreign Trade
Mahlab awarded France’s National Order of Merit
France awarded former Prime Minister Ibrahim Mahlab the National Order of Merit for his role in supporting Egyptian-French relations, Al Masry Al Youm reports. The ceremony was held in Cairo at the French embassy.
Posted inEnergy
As funding flows into solar power projects, Egyptera considers permanent license for FiT projects
International finance institutions, including the EBRD, IFC, and African Development Bank, agreed to preliminary funding approvals worth USD 400-800 mn for feed-in tariff (FiT) phase two projects, sources tell Al Borsa. The Arab Fund for Economic and Social Development will also provide USD 85 mn for a 50 MW solar power plant project in Kom […]
Posted inEnergy
Electricity Ministry delays plans for wind farm tender over price disagreements
The Electricity Ministry delayed plans to issue a tender due to take place this year for a 2-2.2 GW wind farm projects after failing to reach an agreement with GE, Siemens, and Vestas, sources tell Al Borsa. The disagreements were apparently over the ministry's insistence on a FiT rate of USD 0.046 per kWh, which […]
Posted inEnergy
Carbon Holdings awards Bechtel two petchem projects contracts
Carbon Holdings awarded Bechtel two petrochemicals projects contracts in Egypt, Bechtel announced. The first contract is one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna and the other is to build two new polypropylene units at an adjacent site. “In its project management role, Bechtel will have oversight of project […]
Posted inBasic Materials + Commodities
Aton Resources announces results of drilling Hamama West
Aton Resources said the first four drill holes at the Hamama West field all intersected mineralization with drill hole HAD-004 returning 22.2 meters of 2.77 grams per tonne gold equivalent. Aton says “HAD-004 is one of the highest-grade and deepest drill holes that Aton has returned from Hamama West to date.” CEO Mark Campbell says […]
Posted inBasic Materials + Commodities
Study on local tobacco cultivation underway to be completed by mid-May
A comprehensive study of tobacco cultivation in Egypt will be ready by mid-May, Chemical Industries Holding Company chairman Yasser El Naggar says, Ahram Gate reports. Cultivation in Wadi Al Natrun is being considered. On smuggled cigarettes, El Naggar says they represent 3% of all cigarettes consumed locally, down from 12% in 2011. Philip Morris International-Egypt […]