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The spokesman for the Saudi-led coalition fighting in Yemen walked back comments he made about Egypt volunteering to send troops to Yemen, Al Shorouk reports. He says his comments meant Egyptian involvement, not in context of the Yemen war, but in the coalition as part of the Arab joint-defence forces agreement. Egypt had immediately denied […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Diplomacy and foreign trade on 19 April 2017
Israel has decided to keep its Sinai border with Egypt closed indefinitely and will “reexamine the situation” in the coming days, Israel’s National Security Council announced yesterday, Haaretz reports. Israel had shuttered its border last week due to its assessment that “increased ISIS-affiliated activity in the area” posed a threat to Israelis. Egypt leading pushback […]
Posted inEnergy
SDX Energy announces gas discovery at SD-1X well at the South Disouq concession
SDX Energy announced that is discovered conventional natural gas bearing horizons during drilling at the SD-1X well at the South Disouq concession. The company says it reached its target depth in for the well. SDX Energy adds that “additional evaluation work is currently underway to provide an accurate recoverable volume estimate which will be the […]
Posted inBasic Materials + Commodities
Egypt’s strategic water reserves stand at 60 bn cubic meters per year
Egypt’s strategic water reserves currently stand at 60 bn cubic meters per year, 55 bn of which are from the country’s share of the Nile, Environment Minister Khaled Fahmy said, Al Borsa reports. Speaking at the 11th Water Desalination Conference in the Arab Countries held in Cairo yesterday, Fahmy said the government has a “comprehensive […]
Posted inBasic Materials + Commodities
Supply Ministry lowers the price of Indian rice to dispose of its stock
The Supply Ministry has lowered the wholesale price of subsidized Indian rice to EGP 5.50 from EGP 6.50. Repricing came as the ministry tries to liquidate its stock of the unpopular product, as a ministry official told Al Borsa.
Posted inBasic Materials + Commodities
Government collects 5,500 tonnes of wheat during first 3 days of wheat harvest season
The General Authority for Supply Commodities has collected 5,500 tonnes of local wheat from farmers during the first three days of the wheat harvest season, Al Mal reports. The government is targeting collecting 4.2 mn tonnes of local wheat during the harvest season, which runs through the beginning of July.
Posted inManufacturing
GE to localize more manufacturing in Egypt
General Electric (GE) is willing to localize more of its manufacturing in Egypt, GE Oil and Gas MENAT CEO Rami Qasem told Daily News Egypt. Qasem reportedly said GE is considering establishing a new facility in Egypt to accompany one that is already being established. The DNE piece does not mention what the “facility” would […]
Posted inHealth + Education
Education Ministry to expand Japanese education project to 45 schools
The Education Ministry will implement Japanese education curricula as part of a pilot project involving 45 schools nationwide in the 2017-18 school year, Al Shorouk reports. The system was implemented in 12 schools at the start of the current school year.
Posted inHealth + Education
Health Ministry establishes authority to examine medical students
The Health Ministry established a new authority to administer a standardized exam for medical students at the end of their internship year and issue licenses to practice the profession, Health Minister Ahmed Rady announced yesterday, Al Mal reports.
Posted inReal Estate + Housing
PHD grows net sales by 58% y-o-y, records highest quarterly sales in its history
Palm Hills Developments (PHD) announced that its net sales grew by 58% y-o-y to EGP 3.1 bn in 1Q2017. The amount recorded is the highest net sales level in the history of the company. As a result, PHD raised its 2017 full-year sales target to EGP 9.5 bn from an initially projected EGP 8.5 bn.