{"id":625745,"date":"2018-08-14T04:27:23","date_gmt":"2018-08-14T04:27:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2\/"},"modified":"2018-08-14T04:27:23","modified_gmt":"2018-08-14T04:27:23","slug":"egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2\/","title":{"rendered":"Egypt, China ink USD 45 mn agreement to launch NileSat 2"},"content":{"rendered":"<p><strong>Egypt will receive a USD 45 mn grant from China to launch phase two of its NileSat project under an agreement signed in Cairo yesterday<\/strong>, the Investment Ministry <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%85%D8%B5%D8%B1-%D9%88%D8%A7%D9%84%D8%B5%D9%8A%D9%86-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D9%86-%D9%85%D9%86%D8%AD%D8%A9-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%A7%D9%84%D9%82%D9%85%D8%B1-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%89-%D9%85%D8%B5%D8%B1-%D8%B3%D8%A7%D8%AA-2-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-45-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1.aspx\">said in statement<\/a>. Some of the satellite's components will be assembled in China, while others will be assembled locally, <a href=\"https:\/\/www.youm7.com\/story\/2018\/8\/13\/%D8%B5%D9%88%D8%B1-%D8%A7%D9%84%D8%B5%D9%8A%D9%86-%D8%AA%D9%85%D9%86%D8%AD-%D9%85%D8%B5%D8%B1-%D9%85%D8%B1%D9%83%D8%B2%D8%A7-%D9%84%D8%AA%D8%AC%D9%85%D9%8A%D8%B9-%D8%A7%D9%84%D8%A3%D9%82%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-23\/3910013\">Higher Education Minister Khaled Abdel Ghaffar said<\/a>, giving no indication to the exact percentage or timeline for the project. Egypt had previously received a <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/21\/egypt-china-sign-agreements-for-nilesat-2-sczone-technical-education-center\/\">USD 23 mn grant<\/a> from China to establish a Satellite Assembly, Integration and Test Centre as part of the project, for which the two sides had been conducting feasibility studies. President Abdel Fattah El Sisi had earlier this year ratified legislation <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/18\/el-sisi-signs-into-law-amendments-to-companies-act\/\">establishing a USD 100 mn space agency<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt will receive a USD 45 mn grant from China to launch phase two of its NileSat project under an agreement signed in Cairo yesterday, the Investment Ministry said in statement. Some of the satellite's components will be assembled in China, while others will be assembled locally, Higher Education Minister Khaled Abdel Ghaffar said, giving [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625745","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"418e07ec-4f0c-4f16-bf0e-be825853d10b","order":"0","is_powered_by":true,"section_story_id":"c24bab75-7fb3-4b89-aab1-4416b4bfe4ca","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625732],"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>Egypt, China ink USD 45 mn agreement to launch NileSat 2 - 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\/2018\/08\/14\/egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt, China ink USD 45 mn agreement to launch NileSat 2\" \/>\n<meta property=\"og:description\" content=\"Egypt will receive a USD 45 mn grant from China to launch phase two of its NileSat project under an agreement signed in Cairo yesterday, the Investment Ministry said in statement. Some of the satellite&#039;s components will be assembled in China, while others will be assembled locally, Higher Education Minister Khaled Abdel Ghaffar said, giving [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-14T04:27:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt, China ink USD 45 mn agreement to launch NileSat 2\",\"datePublished\":\"2018-08-14T04:27:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2\/\"},\"wordCount\":126,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/egypt-china-ink-usd-45-mn-agreement-to-launch-nilesat-2\/\",\"name\":\"Egypt, China ink USD 45 mn agreement to launch NileSat 2 - 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China will provide a USD 23 mn grant to establish a Satellite Assembly, Integration and Test Centre as part of the project. Another agreement was\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643062,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/nib-shelves-plans-to-acquire-nilesat-stake\/","url_meta":{"origin":625745,"position":1},"title":"NIB shelves plans to acquire Nilesat stake","author":"enterpriseam admin","date":"29 August 2017","format":false,"excerpt":"M&A WATCH- Government-owned National Investment Bank (NIB) has decided to shelve plans to acquire a 40.06% stake in the Egyptian Satellite Company (Nilesat), Al Mal reports, citing unnamed sources. NIB\u2019s decision followed The National Media Authority (NMA)\u2019s objection to the transaction last month. Source say NIB had acted unilaterally on\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645642,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/efsa-exempts-nib-from-mto-of-40-06-stake-in-nilesat\/","url_meta":{"origin":625745,"position":2},"title":"EFSA exempts NIB from MTO of 40.06% stake in Nilesat","author":"enterpriseam admin","date":"26 July 2017","format":false,"excerpt":"Count this more as \u201cconsolidation of state assets\u201d than \u201cM&A\u201d- The Egyptian Financial Supervisory Authority exempted the government\u2019s National Investment Bank from presenting a mandatory tender offer after it submitted an offer to acquire a 40.06% stake in the Egyptian Satellite Company (Nilesat), according to a filing with the EGX.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555342,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/10\/earnings-watch-contact-financial-beltone-mnhd-nilesat\/","url_meta":{"origin":625745,"position":3},"title":"Earnings watch: Contact Financial, Beltone, MNHD, NileSat","author":"enterpriseam admin","date":"10 November 2021","format":false,"excerpt":"Contact Financial\u2019s net income rose 65% to EGP 114 mn in 3Q2021 from the same period in 2020, according to the company\u2019s financials (pdf) out yesterday.The results reflect growth in Contact\u2019s financing business\u2026 Contact\u2019s net income from financing across the first nine months of the year rose 60% y-o-y to\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581081,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/06\/nilesat-has-a-new-boss\/","url_meta":{"origin":625745,"position":4},"title":"NileSat has a new boss","author":"enterpriseam admin","date":"6 February 2023","format":false,"excerpt":"NileSat gets new boss.","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":645667,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/nilesat-resumes-broadcasting-al-hayat-tv-channels-following-debt-settlement\/","url_meta":{"origin":625745,"position":5},"title":"NileSat resumes broadcasting Al Hayat TV channels following debt settlement","author":"enterpriseam admin","date":"26 July 2017","format":false,"excerpt":"NileSat resumed broadcasting Al Hayat TV channels yesterday after the network clear its debt to the satellite company, Al Mal reports, citing an unnamed source from Al Hayat. 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