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Rolling mills have asked for “an urgent meeting” with Prime Minister Moustafa Madbouly over losses they are incurring due to the Trade Ministry’s imposition of 15% tariffs on imported steel billets, reports Al Shorouk. The mills claim that the ministry’s decision — which was overturned by the Supreme Administrative Court in July but remains in […]
Author Archives: enterpriseam admin
Posted inOther Business News of Note
NACCUD to announce winner of waste management tender in March
The New Administrative Capital Company for Urban Development (NACCUD) has received tender offers from four foreign companies for waste management in the new administrative capital (NAC) and is expected to announce the winner in March, Amwal El Ghad reported. The selected bidder would be in charge of every stage of waste management in the NAC […]
Posted inEgypt Politics + Economics
Gov’t releases 200 people detained during protest crackdown
The government has released another 200 people detained in the crackdown that followed last month’s protests, Al Masry Al Youm reports. Lawyers told the Associated Press that the people were released yesterday pending an investigation into their ties to the Ikhwan and claims they called for protests online. Authorities arrested more than 2k people after […]
Posted inEgypt Politics + Economics
Ministers talk pollution control with World Bank mission
The environment, local development, investment and international cooperation, and transport ministers met with World Bank Regional Director Marina Wes to discuss plans to reduce pollution from their respective ministries’ projects, according to an Investment Ministry statement. The Local Development Ministry, the Transport Ministry, and the Environment Ministry are working to reduce greenhouse gas emissions by […]
Posted inON YOUR WAY OUT
Cairo International Film Festival signs 5050 by 2020 gender equality charter
Cairo International Film Festival has become the first festival in the Arab world to sign the 5050 by 2020 gender equality charter, which aims to achieve equity in film in a host of areas — most notably, gender — by the year 2020. Sixty international film festivals are already signatory, Emirates Woman reports. Cairo International […]
Posted inON YOUR WAY OUT
The last elephant in Egypt’s Giza Zoo dies of heart attack
Giza Zoo’s last elephant, forty-year-old Naeema, died of a heart attack on Sunday, according to Ahram Online. Mohamed Ragaey, head of the Giza Zoo's managing body, said that the zoo will communicate with the Agriculture Ministry to get new animals.
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.24 | Sell 16.36 EGP / USD at CIB: Buy 16.24 | Sell 16.34 EGP / USD at NBE: Buy 16.23 | Sell 16.33 EGX30 (Tuesday): 14,349 (-0.6%) Turnover: EGP 657 mn (5% below the 90-day average) EGX 30 year-to-date: +10.0% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
October: A forum will be organized by Russia’s Rosatom and the Nuclear Power Plants Authority to introduce local suppliers and contractors to the Dabaa nuclear plant. October: German businessman delegation will visit Egypt to discuss good projects in order to spend German funds into Egypt. October: A delegation of 40-50 Saudi companies will visit Egypt […]
Posted inWhat We're Tracking Today
What we’re tracking on 8 October 2019
Prime Minister Moustafa Madbouly will deliver a statement at a plenary session in the House today amid increasing parliamentary criticism of his government’s economic policies, according to Masrawy. “My message to this government, including cabinet ministers and provincial governors: Please do not export problems to the president and parliament… and take all measures necessary to […]