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British psychotherapist Jo Jackson recently published “Too Loud a Silence,” a novel that tells the story of a London-raised Egyptian orphan who returns to Egypt in the midst of the 2011 revolution to discover her roots. Jackson’s story was inspired by her time living in Cairo in the 1980s, during which she regularly visited an […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Sahar Nasr meets Indonesian Foreign Minister Marsudi
International Cooperation Minister Sahar Nasr met with Indonesian Foreign Minister Retno Marsudi yesterday ahead of a planned Egyptian-Indonesian business council meeting, Al Ahram reported.
Posted inDiplomacy + Foreign Trade
Cairo Chamber of Commerce signs MoU with Korean-Egyptian Development
The Cairo Chamber of Commerce signed a memorandum of understanding with the Korean-Egyptian Development Council to increase bilateral trade and exchange information about the two countries’ markets, Al Shorouk reported.
Posted inEnergy
GTC Korea to invest USD 450 mn in waste-to-energy project if state agrees to raise FiT
Korean investment in waste-to-energy contingent on tariff changes: GTC Korea could invest USD 450 mn in waste-to-energy products across Egypt if the Electricity Ministry agrees to amend the feed-in tariff to EGP 3 per kWh from a current offer of EGP 1.45 per kWh, Al Borsa reports.
Posted inInfrastructure
Suez Canal Authority begins EGP 3 bn West Port Said Port renovations
The Suez Canal Authority started work on an EGP 3 bn upgrade of West Port Said Port, Chairman Mohab Mamish told Al Mal. The project will be self-financed by the authority and will see both the construction of new container terminals and a general upgrade of infrastructure.
Posted inManufacturing
Aswan Cement to apply for new cement license
Aswan Cement is looking to acquire a cement production license from the Industrial Development Authority (IDA) in a bid to boost its production capacity to 3.5 mn tonnes per annum from 1.5 mn today, Al Borsa reports. At the end of 2016, the IDA had tendered 14 licenses, but awarded only three to Egyptian Cement, […]
Posted inManufacturing
Engineering Industries Export Council looking to boost exports by 25% this year
Members of the Export Council for Engineering Industries hope to boost the industry group’s aggregate exports by 25% this year to reach USD 3 bn, as last year’s foreign currency shortage that had restricted production has now eased and will allow manufacturers to import the raw materials they need, council member Mohamed El Aidy told […]
Posted inHealth + Education
Health Ministry caves to all of Pharmacists’ Syndicate’s demands
The Pharmacists’ Syndicate has cancelledits planned strike on 12 February after the Health Ministry has acquiesced to its demands that pharma companies ensure they receive discounts to guarantee a profit margin of 23% for domestic meds and 15% for imported products (directive 499). This will be applied to meds which saw a price increase last […]
Posted inReal Estate + Housing
Heliopolis for Housing and Development investing EGP 560 mn in FY2016-17
Heliopolis for Housing and Development are investing a total of EGP 560 mn in FY2016-17, deputy Chairman Wael Youssef told Al Mal. The investment will include EGP 330 mn for infrastructure and facilities, and the rest towards housing projects, he added.
Posted inReal Estate + Housing
NUCA did not notify TMG Group that it would stop granting building licenses for Madinaty
The New Urban Communities Authority (NUCA) did not officially notify TMG Holding that it would stop granting the company building licenses for Madinaty, TMG claimed in a statement. Earlier Al Shorouk had reported that the NUCA stopped granting licenses to TMG following a previously filed lawsuit against NUCA requesting the company be allowed to pay […]