** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Author Archives: enterpriseam admin
Egypt in the News on 18 September 2019: GERD, Benban, human rights
Topping coverage of Egypt in the foreign press this morning is our continued spat with Ethiopia about the Grand Ethiopian Renaissance Dam (GERD): Ethiopia’s “summary rejection” of Egypt’s plan for filling and operating the dam is "unfair and inequitable," Foreign Ministry representatives said after talks earlier this week. Deutsche Welle and Reuters both have the […]
If Facebook’s domination is ending, what might replace it?
If Facebook’s domination is ending, what might replace it? Facebook may have had a monopoly over social media use for 15 years, with 2 bn active users, but the recent backlash against it has led to a rise in social media sites that want to offer users more control and privacy. Mastodon and Blockstack are […]
Building Materials Export Council asks for solution on Libyan entry and exit fees
Export council calls on gov’t to reach out to Libya to end new border fees: The Building Materials Export Council is calling on Prime Minister Moustafa Madbouly and the Trade and Industry Ministry to find a solution to a recent decision by authorities in the east of Libya to impose a EGP 8,800 entry and […]
Egypt’s textiles export council working to grow exports to EGP 4 bn by year end
The Textiles and Readymade Garments Export Council is targeting growing the value of the sector’s exports to EGP 4 bn by the end of the year, up from EGP 3 bn last year, council head Magdy Tolba said. The council is eyeing EGP 12 bn-worth of exports by 2025, with much of its strategy relying […]
Egypt and France hold talks in Cairo
Foreign Minister Sameh Shoukry met with his French counterpart, Jean-Yves Le Drian, in Cairo yesterday according to Foreign Ministry spokesperson Ahmed Hafez. The talks were aimed at boosting bilateral relations in various fields and to deepen cooperation and coordination on issues of mutual concern between Egypt and France.
China mulling Egyptian pomegranate imports
A Chinese agricultural quarantine delegation is visiting Cairo next week to scope out Egypt’s supervision procedures when it comes to packaging and exporting pomegranates and visit a number of farms, Agricultural Export Council head Abdel Hamid El Demerdash said. Egypt’s pomegranate season runs through December. Quarantine delegations from Brazil, the Philippines, South Africa, and New […]
Egypt renews fees on fertilizer exports to ensure gov’t gets its orders
The Trade Ministry has renewed for one year a decision to impose a EGP 550-per-tonne fee on nitrogen fertilizer exports, according to a decision published in the Official Gazette. Fertilizer manufacturers have previously said they lose as much as EGP 250 per tonne when selling their output to the government, which then provides it to […]
Egypt’s Ghazl Al Mahalla to break ground next month on yarn factory
State-owned Misr Spinning and Weaving Company (Ghazl Al Mahalla) is planning to break ground at the beginning of next month on a new yarn factory that is expected to be the largest in the world, Chairman and CEO Ashraf Ezzat told the press. The 16-feddan facility, specialized in medium weight yarn, will have a production […]
Egypt could set up EUR 20 mn PPP factory to produce pharma raw materials
The government is currently looking into setting up a EUR 20 mn facility to manufacture raw materials for pharma products under a public-private partnership (PPP) framework, head of the Federation of Egyptian Industries’ pharma division Ahmed El Ezaby tells the local press. It remains unclear how much of the investment would come from the private […]