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Clearing arrears is part of a larger plan to increase local production following a costly few months of energy imports
Author Archives: enterpriseam admin
Posted inA MESSAGE FROM HSBC
Opportunity is rarely a straight line. Our international network connects you to what’s next. Search HSBC Egypt
Posted inEARNINGS WATCH
Abu Qir Fertilizers’ bottomline falls 35% y-o-y in 1Q 2024-25
The company attributed the fall to a jump in operating supply costs due to exchange rate fluctuations.
Posted inLAST NIGHT’S TALK SHOWS
The Arab-Islamic Summit in Riyadh caught the attention of the nation’s hosts
It was a quiet night on the airwaves, as the nation’s pundits turned their attention to the Arab-Islamic Summit being hosted in Riyadh today, while regional tensions continue to escalate amid Israel's ongoing military aggressions in Gaza and Lebanon. Ala Mas'ouleety's Ahmed Moussa dedicated a big chunk of his show to discussing the summit, which […]
Posted inAlso on our Radar
Electricity Ministry sets offtake prices for stored solar energy. PLUS: Knauf + Hassan Allam Construction, Siemens, Dynamic Distribution, Aton
RENEWABLES- Egypt sets tariffs for stored solar energy: The Electricity Ministry has put a price tag on energy produced from solar and battery storage projects — USD 0.023/kwh for projects set up by private investors under a build-own-operate (BOO) contract and USD 0.014/kwh for projects where the government owns the solar plants while investors provide […]
Posted inPLANET FINANCE
EMs remain vulnerable to the sway of US economic policies, even as momentum for de-dollarizing the world economy grows
US economic policy still has an oversized impact on EMs — especially following Trump set to soon take up the Oval Office
Posted inCALENDAR
2024 NOVEMBER 10-12 November (Sunday-Tuesday): Falak Startups’ Fund Manager Masterclass, Cairo, Egypt. 11-15 November (Tuesday-Friday): Arab African Investment and International Cooperation Summit, Aswan, Egypt. 17 November (Sunday): The House of Representatives reconvenes. 17-19 November (Sunday-Tuesday): Autotech Exhibition for Automotive Aftermarket & Feeder Industries, Cairo, Egypt. 21 November (Thursday): Central Bank of Egypt’s Monetary Policy Committee […]
Posted inWHAT WE’RE TRACKING TONIGHT
Qatar Energy inks agreement to acquire 23% of Mediterranean’s North El Dabaa block
Good morning folks, and welcome to day two of the work week — buckle in for a packed news day ahead. THE BIG STORY TODAY Qatar Energy expands in Egypt with the acquisition of 23% of North El Dabaa block: Qatar Energy has inked an agreement with Chevron to acquire a 23% operational stake in […]