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Seven new ambassadors formally presented their credentials to President Abdel Fattah El Sisi yesterday, according to an emailed statement from Ittihadiya. New EU delegation chief Ivan Surkos said in a tweet after the credentials ceremony that he will “work tirelessly to strengthen” the EU’s partnership with Egypt. Those presenting included: Jordan — Ali Hamdan Al-Ayed […]
Author Archives: enterpriseam admin
Posted inEnergy
Dolphinus in talks to import gas from Israel’s Tamar field
Representatives from major shareholders in the Tamar gas field in Israel were reportedly here over the weekend to discuss exporting gas to Egypt through Dolphinus Holdings, according to unsubstantiated reports from Masrawy picked up by Al Mal. Tamar field shareholders, including Delek, Noble, and Isramco, had reportedly agreed to supply 60 bcf from the Israeli […]
Posted inEnergy
Drilling operations begin in South Disouq
SDX Energy has begun drilling operations the at South Disouq SD-1X well in the Nile Delta, the company said in a statement. Drilling is expected to take 30-45 days.
Posted inEnergy
Solar power companies still lobbying for FiT increase, consider exiting projects
Seven companies signed on to the second phase of the feed-in tariff (FiT) program are reportedly considering backing out due to the rising costs, sources tell Al Borsa. The move appears to be the latest attempt by solar power companies to push for an increase in the tariff, and the first since the electricity ministry […]
Posted inManufacturing
Looks like the Investors’ Association might lobby for a higher minimum wage
The commie-capitalists at the Union of Egyptian Investors Associations (UEIA) are at it again, forming a committee to lobby for minimum wages to be increased to EGP 2,000 per month, Al Borsa reports. Here’s an idea, chaps: Stuff the PR stunt and put your money where your mouths are by mandating that all your members […]
Posted inHealth + Education
AMECO plans to begin exporting its products to the US
The Arab Medical Equipment Company (AMECO) plans to begin exporting its products to the US in 2H17, company chairman Mohamed El Hambouly tells Al Mal.
Posted inHealth + Education
Expenditures on hospital development in 2016 reached EGP 6 bn -Health Minister
Expenditures on hospital development reached EGP 6 bn last year, while a total of EGP 3.3 bn was spent on hospital supplies throughout the year, Health Minister Ahmed Rady said yesterday, Al Borsa reports.
Posted inHealth + Education
Space sciences delegation to head for talks on higher education grants
A delegation from the National Authority For Remote Sensing & Space Sciences will head to Japan on 27 March for talks to get Japanese funding for Masters and PhD scholarships in aerospace engineering, Al Mal reports.
Posted inTourism
Travelport to invest an extra USD 20 mn in 2017
Travel platform Travelport plans to invest an extra USD 20 mn this year, Egypt country manager Mervat Alfy tells Al Mal. The investments will go primarily towards developing an app for travel agencies and solutions for mobile payments.
Posted inTourism
Tourism Ministry to announce decisions to “mitigate” impact of visa hikes
Tourism Minister Yehia Rashed promised to take decisions which would “mitigate” the impact of raising prices of entry visas after acknowledging that the decision has drawn the ire of the sector. In an interview with Al Shorouk, he said these decisions will be announced in the coming weeks, but offers no suggestion as to what […]