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Egypt is yet to decide between three goalkeepers, but Essam El Hadary could become the oldest player in history to compete in the African Cup of Nations if he is chosen for play tonight’s game against Mali, BBC says.
Author Archives: enterpriseam admin
Posted inOn Deadline
“Centralized administration” breeds corruption
Al Masry Al Youm columnist Amr El Shobaky publishes a letter from a reader on how centralized administration breeds corruption in Egypt. The centralized system leaves smaller officials feeling lethargic towards situations that could easily be addressed, he says. Governors are simply observers of whatever ministry is operating in their governorate, while to stop illegal […]
Posted inOn Deadline
Amending investment laws, offering incentives and tax breaks are not the keys to attracting investments, says Ziad Bahaa El Din
A return to incentives and tax breaks in the new investment laws could add to the country’s burdens, Ziad Bahaa El Din says in a column penned for Al Shorouk. While Bahaa El Din acknowledges that the new laws are an attempt to rectify previous missteps that resulted in lost opportunities to attract investments, he […]
Posted inWorth reading
The extravaganza of the business of bottled water
Inflation is bad, but this is just ridiculous. There is a bottle of water that costs USD 100k. To add insult to injury there is also such a thing water sommelier, who this guy Martin Riese, is claiming to be the first American to hold that title (look out Neil Armstrong). He cofounded Beverly Hills […]
Posted inDiplomacy + Foreign Trade
Hong Kong bans import of poultry meat and products from Egypt
Hong Kong has banned the import of “poultry meat and products from Egypt” and parts of Poland and Ukraine over bird flu fears, a rather poorly written statement from the HK government says.
Posted inDiplomacy + Foreign Trade
Belarus’ Lukashenko meets with Sherif Ismail, Ali Abdel Aal
Egyptian and Belarusian companies signed six MoUs to trade heavy machinery and agricultural equipment during the Egyptian-Belarusian Business Forum yesterday, Al Mal reports. Belarus’ President Alexander Lukashenko met with Prime Minister Sherif Ismail, the newspaper reports, during which Ismail reaffirmed Egypt’s interest in joining the Eurasian free trade agreement. Lukashenko also met with Parliamentary Speaker […]
Posted inEnergy
Sharkawy & Sarhan explain how the draft gas law will affect down- and mid-stream activities
The draft Gas Law gives private parties access to the gas infrastructure and provides details of a new licensing regime through regulating transmission, distribution, storage, liquefaction, regasification, shipping, and the supply of gas, according to a note by Sharkawy & Sarhan. The law creates a new independent public entity affiliated with the Oil Ministry that […]
Posted inEnergy
Schneider Electric looking to amend contracts with Electricity Ministry
Schneider Electric Egypt is in negotiations with the Electricity Ministry to amend contracts to account for the EGP float, Al Mal reported. The increase in production and import costs is threatening the feasibility of projects, said company VP Khaled Kamel. Schneider are looking to increase exports from 25% in 2016 to 40% this year by […]
Posted inEnergy
Italy’s Ansaldo and the global Power Systems win tenders in Asyut and West Cairo
Doosan Heavy Industries and Construction will be signing a contract today to supply and install steam turbines at the Walidya electrical power station in Assiut, Al Borsa reports. Meanwhile, Italy’s AC Boilers (formerly Ansaldo Caldaie) also on a bid to supply and install boilers at the West Cairo electrical power station, the newspaper also reports.
Posted inBasic Materials + Commodities
Egypt will produce 2.4 mn tonnes of sugar this year
Egypt is expected to produce around 2.4 mn tonnes of sugar this season, Reuters reported. The harvest will include 1.1 mn tonnes of sugar cane and 1.3 mn tonnes of sugar beet, Supply Minister Mohamed Ali El Sheikh said. Meanwhile, Egypt will import 800k - one mn tonnes of sugar to cover the remaining domestic […]