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Egypt to export mangoes to South Africa, expedite citrus exports to Europe: Egypt will begin exporting mangoes to South Africa after the Agricultural Quarantine Authority (AQA) concluded negotiations with South African authorities, Al Shorouk reports. Egypt is also set to begin its citrus export season for Europe early this year to take advantage of Spain’s […]
Author Archives: enterpriseam admin
Posted inEnergy
Siyuan-MEGA consortium to set up power plant in Egypt’s Wadi El Natrun
A consortium of Shanghai Siyuan Electric and local firm MEGA for Construction and Industries has signed a contract with the Egyptian Electricity Transmission Company (EETC) to construct a power station in Wadi El Natrun on a turnkey basis, Ahram Gate reports. The project, set for inauguration in 12 months, is expected to cost EGP 83.1 […]
Posted inEnergy
Production at Shell’s Rashid and Burullus fields rises to 290 mcf/d in September
Royal Dutch Shell’s natural gas output from the Rashid and West Nile Delta Burullus fields increased to 290 mcf/d in September from 220 mcf/d the previous month, an EGAS source told the local press. The company recently linked 80 mcf/d from a newly-developed well to the natural gas grid, offsetting the field’s natural depreciation. Shell […]
Posted inEnergy
Russia to issue 20 tenders for Dabaa nuclear power plant
Rosatom’s Atomstroyexport (ASE) aims to issue 20 tenders for construction and management projects for the USD 30 bn Dabaa nuclear power plant that Russia is building in Egypt, ASE Egypt director Anatoly Kovtunov told the local press. Kovtunov didn’t specify a timeframe, but said last year the company issued 30 tenders for projects. Petrojet has […]
Posted inBasic Materials + Commodities
Egypt to cultivate 4 mn tonnes of white rice this season
Egypt will produce 4 mn tonnes of white rice this year, up from 2.7 mn tonnes last year, head of the Agriculture Ministry’s crop research institute Alaa Khalil said, according to Reuters Arabic. Egypt would not need to import rice as the production would exceed the local demand of 3.2 mn tonnes. Khalil did not […]
Posted inHealth + Education
AUC moves up QS Graduate Employability Rankings
The American University in Cairo (AUC) has moved up in the annual QS Graduate Employability Rankings to the 191-200 range from the 201-250 range, achieving an employment rate of 86% of graduates within a year of graduating, according to a press release (pdf). The AUC’s employability is the highest in Egypt, and the second in […]
Posted inTourism
Gov’t could push deadline for Grand Egyptian Museum tender
The Antiquities Ministry could push the deadline to receive offers for the tender to operate and manage the Grand Egyptian Museum (GEM), Minister Khaled El Anany said. The deadline is currently set for the end of October, but some companies have requested an extension. Five consortiums made up of Egyptian, British, Italian, French, and American […]
Posted inAutomotive + Transportation
Egypt signs cooperation agreement with Deutsche Bahn to improve railway
The National Authority for Railways signed an agreement with German railway company Deutsche Bahn (DB) to aid Egypt in developing its railway services, according to the local press. DB will provide consultancy, training, and education services to improve the quality, efficiency, and safety of the Egyptian railway.
Posted inBanking + Finance
ELAB to obtain EGP 1 bn syndicated loan led by the National Bank of Egypt
The National Bank of Egypt (NBE) is acting as lead arranger for a EGP 1 bn, seven-year syndicated loan for state-owned Egyptian Linear Alkyl Benzene (ELAB) to finance the company’s 2020 expansion plans, sources told Al Mal. The NBE approached Banque du Caire, the Export Development Bank Of Egypt, and the Industrial Development and Workers […]
Posted inBanking + Finance
Banque Misr mulls USD 300 mn loan to DP World for Ain Sokhna port expansion
Banque Misr could extend a seven-year, USD 300 mn loan to the UAE’s DP World to part-fund the expansion of its Ain Sokhna port, an official source told Masrawy. The bank has invited other banks to join in on the loan, including the National Bank of Egypt, Banque du Caire, CIB and the Arab African […]