{"id":568228,"date":"2020-12-22T04:17:16","date_gmt":"2020-12-22T04:17:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/22\/also-on-our-radar-on-22-december-2020\/"},"modified":"2020-12-22T04:17:16","modified_gmt":"2020-12-22T04:17:16","slug":"also-on-our-radar-on-22-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/22\/also-on-our-radar-on-22-december-2020\/","title":{"rendered":"Also on our radar on 22 December 2020"},"content":{"rendered":"<p><strong>TE, Orange Egypt clear up commercial disputes + extend cooperation on <\/strong><strong>transmission services:<\/strong> State-owned landline monopoly Telecom Egypt signed agreements with Orange Egypt to clear unspecified \u201ccommercial disputes\u201d and establish a framework for future conflict resolution, according to a cabinet <a href=\"https:\/\/bit.ly\/37Ay53V\">statement<\/a>. The two telcos also signed a mobile-to-fixed termination agreement, as well as an annex to extend an existing contract pertaining to international gateway services until 2022.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>The government <a href=\"http:\/\/bit.ly\/37Acd8D\">has denied<\/a> it has plans to privatize state-owned spinning and weaving companies after online rumors claimed it was considering offering them up to investors.<\/li>\n<li>A judge <a href=\"https:\/\/bit.ly\/3oVW7fq\">has ordered<\/a> <strong>businessman Abdallah Saad<\/strong>, whose company developed a gated community along the Cairo-Alexandria Desert Road, to pay the state <strong>EGP 2.8 bn on charges of misusing public funds<\/strong>.<\/li>\n<li>Small-scale property owners <a href=\"https:\/\/bit.ly\/38dMpyp\">are getting<\/a> an additional three-month <strong>extension on late payment fines<\/strong> for residential properties developed by the New Urban Communities Authority.<\/li>\n<li>Egypt is looking to import 400-500k tonnes of sugar in 2021 once it lifts a temporary ban in place to protect the local industry, <a href=\"https:\/\/www.marketscreener.com\/quote\/commodity\/LONDON-SUGAR-16175\/news\/Egypt-aims-to-import-400-000-500-000-T-of-sugar-in-2021-says-official-32054603\/\">Reuters<\/a> reports.<\/li>\n<li>Renewable power generation company<strong> Lekela Power<\/strong> <a href=\"https:\/\/bit.ly\/2WBi6fq\">has installed<\/a> the first wind turbine in its 250 MW capacity <strong>West Bakr wind power<\/strong> project. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>TE, Orange Egypt clear up commercial disputes + extend cooperation on transmission services: State-owned landline monopoly Telecom Egypt signed agreements with Orange Egypt to clear unspecified \u201ccommercial disputes\u201d and establish a framework for future conflict resolution, according to a cabinet statement. The two telcos also signed a mobile-to-fixed termination agreement, as well as an annex [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,72,842,3053,587,212,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568228","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-orange-egypt","tag-spinning-and-weaving","tag-state-privatization-program","tag-telecom-egypt","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"892c7f95-df7e-49ea-8fa8-f2c95bb19cc4","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[568207],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Also on our radar on 22 December 2020 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/22\/also-on-our-radar-on-22-december-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Also on our radar on 22 December 2020\" \/>\n<meta property=\"og:description\" content=\"TE, Orange Egypt clear up commercial disputes + extend cooperation on transmission services: State-owned landline monopoly Telecom Egypt signed agreements with Orange Egypt to clear unspecified \u201ccommercial disputes\u201d and establish a framework for future conflict resolution, according to a cabinet statement. 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Several spinning and weaving factories are set to start production before the end of 2022, according to the minister,\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560129,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/also-on-our-radar-on-16-february-2021\/","url_meta":{"origin":568228,"position":1},"title":"Also on our radar on 16 February 2021","author":"enterpriseam admin","date":"16 February 2021","format":false,"excerpt":"More on the state\u2019s plan to overhaul spinning and weaving: The Public Enterprises Ministry\u2019s bid to streamline state-owned spinning and weaving companies is targeting a significant increase in production, Minister Hisham Tawfik told cabinet in his latest review of the plan. The EGP 21 bn plan could see the yearly\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561341,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/also-on-our-radar-on-4-april-2021\/","url_meta":{"origin":568228,"position":2},"title":"Also on our Radar on 4 April 2021","author":"enterpriseam admin","date":"4 April 2021","format":false,"excerpt":"Speed Medical\u2019s (SPMD) board of directors signed off on acquiring Prime Speed Medical Services in a EGP 1.8 bn transaction, after the SPMD board of directors approved fair values of both companies, according to an EGX statement (pdf). The acquisition will be financed through a capital increase, provided it gets\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572863,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/cotton-and-textile-industries-co-signs-egp-780-mn-agreement-with-misr-spinning-and-weaving-for-cotton-spinning-factory\/","url_meta":{"origin":568228,"position":3},"title":"Cotton and Textile Industries Co. signs EGP 780 mn agreement with Misr Spinning and Weaving for cotton spinning factory","author":"enterpriseam admin","date":"12 July 2020","format":false,"excerpt":"State-owned Cotton and Textile Industries Company has signed a EGP 780 mn agreement with Misr Spinning and Weaving Company after being awarded with the tender to develop a cotton spinning factory in Mahalla Al-Kubra, according to a cabinet statement. The factory is expected to manufacture some 30 tonnes of cotton\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561592,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/also-on-our-radar-on-13-april-2021\/","url_meta":{"origin":568228,"position":4},"title":"Also on our Radar on 13 April 2021","author":"enterpriseam admin","date":"13 April 2021","format":false,"excerpt":"Things we\u2019re keeping an eye on this morning: Ora Developers and Telecom Egypt have signed a cooperation agreement that will see the state telecoms giant provide communication services to the former\u2019s projects and connect optical fiber cables to its residential units.Speed Medical will provide (pdf) facility management services to three\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572945,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/national-bank-of-egypt-arranges-eur-540-mn-loan-for-spinning-and-weaving-holding-co\/","url_meta":{"origin":568228,"position":5},"title":"National Bank of Egypt arranges EUR 540 mn loan for Spinning and Weaving holding co.","author":"enterpriseam admin","date":"14 July 2020","format":false,"excerpt":"The National Bank of Egypt has arranged a EUR 540 mn loan for state-owned Holding Company for Spinning and Weaving from two unnamed Italian and Swiss banks, Public Enterprises Minister Hisham Tawfik tells Al Mal. Italy\u2019s export credit agency SACE, Switzerland\u2019s Export Risk Insurance SERV, and the Egyptian Finance Ministry\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=568228"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568228\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/568207"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=568228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=568228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=568228"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=568228"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=568228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}