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Ancient Egypt’s underworld is a red tape nightmare: Looking at the Egyptian Book of the Dead — the guidebook to the soul — one really gets the impression that the underworld of the Ancient Egyptians was a bureaucratic nightmare of Mogamma El Tahrir proportions. The sheer number of tests and hurdles the soul might go […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt interested in participating in China Pakistan Economic Corridor
Egypt is interested in participating in the China-Pakistan Economic Corridor (CPEC) agreement, Pakistan’s National Assembly speaker Sardar Ayaz Sadiq told Pakistan Observer following a meeting with Egyptian Ambassador to Pakistan Sherif Shaheen. Egypt’s participation in CPEC can connect the trade corridor — part of the China-led One Belt, One Road initiative — to Africa, Europe, […]
Posted inDiplomacy + Foreign Trade
Egypt and US to strengthen economic ties
The US apparently considering enacting new measures such as easing restrictions which would facilitate trade with Egypt, particularly in food and agriculture, according to statements made by a delegation of the US Foreign Agriculture Service (FAS) which met with Supply Minister Mohamed Ali El Sheikh on Sunday. “We anticipate growth in trade in agriculture goods […]
Posted inDiplomacy + Foreign Trade
Egyptian Export Promotion Center becomes Trade Ministry’s top authority on exports
The Trade and Industry Ministry expanded the role of the Egyptian Export Promotion Center, turning it into its top authority on export policy, Al Borsa reported. The center will take the lead on executing the ministry’s strategy for boosting exports, according to Minister Tarek Kabil.
Posted inDiplomacy + Foreign Trade
Nasr meets with UN to determine operating framework for the coming five years
International Cooperation Minister Sahar is holding meetings with UN officials to set a working framework for its operations in Egypt for the coming five years, according to an email statement.
Posted inEnergy
New project to produce 400k tonnes of butane -Oil Ministry
The Assiut Oil Refining Company (ASORC) is building a new EGP 187 mn project to produce butane at an annual rate of 400k tonnes, Oil Minister Tarek El Molla told Al Shorouk. The project will double ASORC’s daily production from 60 tonnes to 120 tonnes, said Chairman Nagy Kassab, which will increase to 190 tonnes […]
Posted inEnergy
EGPC will supply all petroleum products from refined Iraqi crude domestically
EGPC intends to channel all the petroleum products produced from refining Iraqi crude domestically and will not export them, unnamed officials tell Al Mal. We had earlier reported that Egypt will send a delegation to Iraq to finalize an agreement to import 1-2 mn bbl of crude, and the Oil Ministry has already proposed freeing […]
Posted inEnergy
EEHC signs MoU with Ganoub El Wadi Petroleum, AERT Corp to study converting oil shale to electricity
The Egyptian Electricity holding Company (EEHC) signed an MoU with Ganoub El Wadi Petroleum Holding and the Advanced Environmental Recycling Technologies (AERT) to study a project to convert oil shale from Ganoub El Wadi’s concessions to fuel and electricity, Al Borsa reported.
Posted inInfrastructure
Cabinet agrees to establish EGP 350 mn industrial waste treatment plant in Port Said
The Ismail cabinet approved the establishment of a EGP 350 mn industrial wastewater treatment plant in the South Port Said industrial zone, according to a cabinet statement.
Posted inBasic Materials + Commodities
Consortium looking to raise USD 700 mn to build phosphoric acid and phosphorous fertilizers factory
A consortium of seven public companies is pursuing a USD 700 mn loan to build a phosphoric acid and phosphorous fertilizers factory in the New Valley, unnamed government sources tell Al Mal. The factory will produce phosphoric acid and phosphorous fertilizers with an annual capacity of 500k tonnes, the source added. The companies participating include […]