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El Sisi, Kerry present Israel with a peace initiative in secret last year: President Abdel Fattah El Sisi met with then-US Secretary of State John Kerry, Jordan’s King Abdullah, and Israeli Prime Minister Benjamin Netanyahu a year ago to present him with “plan for a regional peace initiative including recognition of Israel as a Jewish […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
President Sisi meets with American-Jewish Committee
Reaching a solution to the Israeli-Palestinian conflict would contribute to reducing terror attacks in the region and is among Egypt’s top priorities, President Abdel Fattah El Sisi told delegates attending meeting in Cairo of the Conference of Presidents of Major American Jewish Organizations, the Times of Israel reports.
Posted inDiplomacy + Foreign Trade
Trade and Industry Minister Tarek Kabil in Paris
Trade and Industry Minister Tarek Kabil is reportedly in Paris today for the second day of a two-day visit to France, Youm7 reports. Kabil is due to meet French ministers and parliamentarians.
Posted inDiplomacy + Foreign Trade
Prime Minister Sherif Ismail meets with Toyota chief during Japanese business delegation’s visit
Prime Minister Sherif Ismail met with Toyota’s president John Karoubi and other members of a Japanese business delegation that was in Cairo for a two-day visit, Al Masry Al Youm reports. Ismail and Karoubi discussed Toyota’s ongoing projects in the renewable energy sector in Egypt, including a 1300 MW steam-electric power station in Upper Egypt, […]
Posted inDiplomacy + Foreign Trade
Egypt did not take advantage of USD 8.6 bn facilitated loans from India to African countries -Indian FM official
Egypt has not taken advantage of some USD 8.6 bn of facilitated loans India has offered to African countries over the past decade, despite the loans carrying interest rates of 1.5%, India’s Foreign Ministry Undersecretary Ajit Gupta tells Al Shorouk. Gupta said he does not have information as to why Egypt did not benefit from […]
Posted inEnergy
Feed-in tariff to remain unchanged, Electricity Ministry to hold talks with investors to discuss funding concerns
The Electricity Ministry will not be increasing the feed-in tariff for renewable energy projects in the second phase of the program, as solar energy companies had been hoping, officials tell Al Mal. Ministry officials are reportedly meeting with 50 of phase two’s investors today to discuss the obstacles they face with project financing, after they […]
Posted inBasic Materials + Commodities
Three new Louis Dreyfus grain silos operate within days
Three 50k-tonnes-capacity grain silos built by Louis Dreyfus Company at Abu Qir Port in Alexandria will begin operating this week, an unnamed source tells Al Mal. This comes as authorities want to rechannel grain ships to Abu Qir, which is equipped with a new grain pier, as a result of congestion at Dekheila Port where […]
Posted inHealth + Education
United Pharma IV Solutions receives 3 acquisition offers from Saudi, local investors
United Pharma IV Solutions has received three acquisition offers ranging between EGP 400 mn and 600 mn from Saudi and local investors, Al Borsa reports. According to chairman Abdallah Mahfouz, United Pharma is not looking to sell the company in its entirety, and is leaning towards expanding its shareholder base, while still maintaining the majority […]
Posted inHealth + Education
New public education system in the works, minister says
A new and improved public education system that would replace thanawiya ‘amma exams with a standardized SAT-style test for high school students could be coming into effect by the start of the 2018 school year, Education Minister Tarek Shawky said, according to Al Masry Al Youm. The overhaul aims to tackle the key issues facing […]
Posted inHealth + Education
BBC takes a look into Egypt’s meds shortages
The BBC’s Ed Butler produced a BBC World Service audio report (runtime 26:46) on the medications shortage in Egypt asking how long can Egyptians cope with it. The report takes the view that the EGP float last November has exacerbated the shortages, nearly doubling the price of meds. Butler appears to take a critical view on […]