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While watching the seemingly endless coverage of protests against US President Donald Trump and his immigration ban, we couldn’t help but notice that the protests seemed to lack the entertaining quality inherent to protests on this side of the Atlantic. A group of demonstrators (presumably inside an American airport) finally added some Egyptian flair to […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
US ambassador to Egypt has not resigned, is in Washington for routine consultations
Robert Beecroft has not resigned from his post as the US ambassador to Egypt and is in Washington for “routine consultations” with the Trump administration, the US embassy’s spokesman told Ahram Online. According to the spokesman, whether or not Beecroft stays on as the ambassador in Cairo remains at the discretion of the new administration; […]
Posted inDiplomacy + Foreign Trade
El Sisi wraps up visit to Ethiopia
President Abdel Fattah El Sisi wrapped up his visit to Addis Ababa after chairing a continental meeting on climate change at the 28th African Union summit, according to a statement from Ittihadiya. On the sidelines of the summit, President Sisi met with Sudan’s Omar El-Bashir amid tensions between the neighboring countries, and issued a joint […]
Posted inDiplomacy + Foreign Trade
Trade with Russia reaches USD 3.5 bn in 2016
Total trade between Egypt and Russia stood at USD 3.5 bn in 2016, Russian Trade Representative to Egypt Fedor Lukashin told Sputnik. Russia’s export grew by 10% while imports from Egypt decreased by 10%, he added, weighed down by a 46% drop in Egyptian vegetable exports. Russia had introduced temporary restrictions on the import of […]
Posted inDiplomacy + Foreign Trade
Malta could be looking to sign agreement with Egypt to stem illegal migration to Europe
Malta is considering an agreement with Egypt, Algeria, and other North African countries to organize safe passage for asylum seekers looking to travel to Europe from Libya, Malta Today reports. The move could help curb illegal migration to Europe, according to the Maltese government.
Posted inDiplomacy + Foreign Trade
Egypt is largest importer of Ukrainian oilseed
Egypt has outran Turkey to become the largest importer of Ukrainian oilseed in 2016 with a 19.7% share, but made up only 3% of the country’s vegetable oil exports, according to Ukrinform.
Posted inEnergy
Electricity Ministry pushes two coal power station projects to 2022-2027 plan
The Electricity Ministry pushed a 2,600 MW coal power station project from the UAE’s Al Nowais to its 2022-2027 five-year plan from the 2017-2022 one, Al Borsa reports. The Emirati company had signed a memorandum of understanding with Egypt in September 2014, but has rejected certain clauses in the contract for the project, including ones […]
Posted inEnergy
Oil Ministry investing USD 50 mn into AMOC
The Oil Ministry is investing USD 50 mn to upgrade production units at the Alexandria Mineral Oils Company (AMOC), Oil Minister Tarek El Molla told Al Masry Al Youm. The upgrades will increase production standards and capacity, as well as reduce production costs, AMOC Chairman Amr Mostafa said.
Posted inEnergy
Egyptian delegation visit Iraq to complete agreement to import Iraqi crude
The Oil Ministry is sending a delegation to Iraq this month to finalize the agreement to import 1-2 mn bbl of Iraqi crude, Oil Minister Tarek El Molla told Al Masry Al Youm. The agreement is expected to be finalized before the end of 1Q2017, he added. The ministry has already proposed freeing up capacity […]
Posted inEnergy
Electricity Ministry cancels consultancy contract bid for Siemens power plants
Budget shortfalls have forced the Electricity Ministry to withdraw a tender to hire an international consultancy to assist in the evaluation and management of the three Siemens power plants, Daily News Egypt reported. The Egyptian Electricity Transmission Company (EETC) had started talks with EDF Energy, which submitted an EUR 8 mn offer, but then decided […]