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It looks like Port Said’s EGP 1.6 bn grain silo factory has lost its foreign partner: The Egyptian arm of Polish grain silo company Feerum has reportedly pulled out of an agreement to set up a factory to manufacture grain silos with with Egyptian construction and engineering firm Samcrete and the state-owned Egyptian Holding Company […]
Author Archives: enterpriseam admin
Posted inLAST NIGHT’S TALK SHOWS
Egypt may reevaluate IMF loan agreement as reform program amps up the pressure
The delayed fourth IMF loan review will focus on reforms like further subsidy cuts, building monetary reserves, capping tax breaks, and boosting revenues
Posted inEGYPT IN THE NEWS
Egypt is officially malaria-free
WHO declares Egypt malaria-free: Egypt has been declared malaria-free following a 100-year effort to battle the disease — an achievement that the World Health Organization called “truly historic.” Egypt is among a handful of countries in the region that have eradicated the disease: Among the 44 countries and one territory that have received the designation, […]
Posted inAlso on our Radar
Redrafted Labor Act receives provisional approval from House committee. PLUS: News from Kazyon, Tez Tours, Huawei, B-Well
The redrafted bill will be sent to the cabinet for approval and then referred back to the House
Posted inPLANET FINANCE
Global economy on the edge: High stakes at the World Bank / IMF annual meetings
Global debt is expected to hit USD 100 tn in 2024
Posted inCALENDAR
2024 OCTOBER 20-22 October (Sunday-Tuesday): Mediterranean Offshore Conference, Alexandria, Egypt. 21 October (Monday): BEBA working luncheon with Aviation Minister Sameh El Hefny, Cairo, Egypt. 21-25 October (Monday-Friday): The second iteration of the Global Forum for Population, Health, and Human Development. 21-27 October (Monday-Sunday): The World Bank and IMF annual meetings. 22-24 October (Tuesday-Thursday: 16th Brics […]
Posted inWHAT WE’RE TRACKING TONIGHT
Raya Foods eyes USD 20 mn factory to boost exports
Good afternoon, folks, and a happy Monday to you all. THE BIG STORY TODAY Half of Helios’ USD 40 mn acquisition bid for Raya Foods will go towards building a new factory: Raya Food’s parent company Raya Holding will direct USD 20 mn of Helios Investment Partners’ USD 40 mn bid for 49% of the […]