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Other international coverage of Egypt included: Egypt’s Eman Abd El Aty, who was branded the world’s heaviest woman, underwent surgery and lost 100 kg since arriving to India, according to BBC News. Egypt has a growth problem, Jahd Khalil writes in City Metric. Khalil says in the longer term, “Egypt may need to learn to […]
Author Archives: enterpriseam admin
Posted inWorth watching
Khawagas fall in love with Egyptian food
Umm Ali is “like heaven on earth”: It is safe to assume that BuzzFeed fell in love with Egyptian food after getting to sample some of our dishes. The BuzzFeed team got to try koshari, a very posh-looking hawawshi, molokhia, and have Umm Ali for dessert. You could hear one of the guys in the […]
Posted inDiplomacy + Foreign Trade
First Egyptian-Turkish business forum convenes today
The Egyptian-Turkish Business Forum convenes today for the first time in three years to discuss potential investments and partnerships, Al Mal says. 11 Turkish companies are expected to attend. A delegation of 250 Polish businessmen will accompany Polish President Andrzej Duda during his visit to Egypt during the second half of 2017, Trade Minister Tarek […]
Posted inEnergy
10 solar power companies to update feasibility studies for FiT projects after relocating from Zaafarana to Benban
10 solar power companies must update the feasibility studies for their solar power plants to reflect the change in location from Zaafarana to Benban, as required by their various lenders, Al Borsa reports. These companies — which include Enara Energy, Zaafarana Solar, Alef Solar, Arena Energy, MID Energy, and Rah Solar — had requested the […]
Posted inEnergy
Egypt begins work on exporting power to neighbors
The Electricity Ministry has begun work on electricity interconnection projects with Saudi Arabia, Jordan, Syria, Lebanon, Iraq, Morocco, Libya, Tunisia, and Algeria, in a bid to export the surplus power it is generating, government officials tell Al Borsa. This comes despite reports we noted last week that the electricity interconnectivity grid tender with Saudi has […]
Posted inManufacturing
SCZone, Military Production Ministry to set up the largest pharmaceutical production area in the region
The Suez Canal Economic Zone and the Military Production Ministry are cooperating with the Armed Forces Medical Services Department to set up the region’s largest area to produce pharma and medical supplies, Al Masry Al Youm reports. Military Production Minister Mohamed Al Assar said that the ministry is now mandated to manufacture locally the various […]
Posted inManufacturing
Seven companies apply for new cement licenses
Seven companies have filed papers to acquire cement production licenses from the Industrial Development Authority (IDA), said IDA head Ahmed Abdel Razek, according to Al Mal. Abdel Razek did not reveal the names of the companies. The IDA tendered 14 cement licenses at the end of 2016, but only awarded three (to Egyptian Cement, South […]
Posted inManufacturing
Electronics manufacturers backtrack on price reductions after USD strengthens again
Electronics manufacturers have backtracked on announced price reductions due to the USD rate rising again, Industrial Investors Union chairman Mohamed Geneidy tells Ahram Gate without revealing who these companies were. According to Geneidy, banks are only supplying USD for basic commodities, causing manufacturers to struggle to get their hands on enough greenbacks to fulfill their […]
Posted inHealth + Education
Finance Ministry to complete actuarial study on Universal Healthcare Act before end of March
The Finance Ministry’s actuarial study on the Universal Healthcare Act — which will determine the necessary costs and resources to implement the program — will be completed in March, Deputy Finance Minister Mohamed Maait tells Al Mal. The study should help the government choose the best way to roll out the act in light of […]
Posted inHealth + Education
Social Solidarity Minister approves forming a federation for private school owners
Social Solidarity Minister Ghada Wali approved forming a federation for private school owners, Al Borsa reports. The federation’s formation comes as relations between the Education Ministry and international and private school owners continue to be tense due to the ministry stipulating that schools must get approval from the ministry before raising tuition fees, and hinting […]