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How long before we get blamed? Ethiopia claims to have foiled a planned attack on the Grand Ethiopian Renaissance Dam by armed members of an Eritrea-backed group, deputy government spokesman Zadig Abraha told a state-affiliated radio station, the Associated Press reports. According to Abraha, “actions were taken” against 13 of the group’s members, and the […]
Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inImage of the Day
Contract to build Egypt’s first railway under Khedive Abbas Pasha
The first railway in Egypt, the Ottoman Empire and the Middle East: In 1851, Egyptian ruler Khedive Abbas Pasha commissioned the first-ever railway project in the region, signing a contract with Scottish engineer Robert Stephenson, according to Youm7. The landmark project cost Egypt EGP 56,000 — a rather sizeable sum at the time. Abbas Pasha’s […]
Posted inEGYPT IN THE NEWS
Attacks on Sinai Christians by Islamist terrorists top coverage of Egypt in the int’l press
After yesterday’s reprieve, international coverage is once again squarely focused on the wave of attacks by the Daeshbags in North Sinai targeting Coptic Christians. President Abdel Fattah El Sisi’s comments on developments in the peninsula received widespread pickups from international news outlets, including DW, Anadolu and Al Jazeera, along with Amnesty International’s criticism of the […]
Posted inWorth watching
Alexandria could be underwater by 2050
Alexandria could be underwater by 2050: Alexandria is apparently one of the five heavily populated cities in the world at risk of major flooding by 2050 if climate change continues to have its way — anyone who has ever lived or been there over the last three to four winters can definitely relate. According to […]
Posted inDiplomacy + Foreign Trade
Spanish Trade Minister to head business delegation visit to Cairo on Friday
The Spanish Trade Minister will be heading a delegation of 35 companies visiting Cairo on Friday to discuss potential investment opportunities in construction, energy, education, agriculture, and railways with various state officials, including the ministers of Trade and Industry and Agriculture. One of the companies has reportedly expressed interest in the 1.5 mn feddans project, […]
Posted inEnergy
Naftogaz considering selling Egyptian assets
Ukrainian oil and gas company Naftogaz Ukrainy is considering selling its Egyptian assets. Naftogaz “intends to attract an investment and banking advisor who will assess how much the company can receive from sale of its assets in Egypt,” Commercial Director Yuriy Vitrenko said, according to Interfax. “He said if the assessment exceeds the company's expectations […]
Posted inEnergy
ERC faces delays, to begin production in 2Q2018
Production from Qalaa Holdings subsidiary Egyptian Refining Company (ERC)’s refinery in Mostorod will be postponed to 2Q2018 following construction delays, Al Mal reported. The refinery was initially set to begin production by the end of 2017 and ERC Managing Director Mohamed Saad said the project is 93% ready. ERC has already begun talks with Aramco, […]
Posted inEnergy
NREA receives six offers for USD 300 mn 350 MW solar power plants in Benban
The New and Renewable Energy Authority (NREA) has received six offers from Chinese, Saudi, Egyptian, and German companies interested in collectively investing USD 300 mn in 350 MW solar power stations in Benban, Aswan under phase two of the feed-in tariff program. NREA is expecting to finish revising the offers in two weeks’ time, sources […]
Posted inBasic Materials + Commodities
Philip Morris settles with Eastern Company, future payments to be in EGP equivalent
Eastern Company announced it reached an agreement with Philip Morris International to get it “to pay back outstanding debt and make future payments in the local currency,” Reuters reports. Philip Morris had halted paying dues to Eastern Company in USD in return for its production last year. Philip Morris is expected to pay USD 105 […]