Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Saudi continues to tighten its regulation of Egyptian onions: Egyptian onion exporters will now have to send their Saudi Arabia-bound products in refrigerated trucks as the kingdom continues to tighten its Egyptian onion import regulations, Alex Fresh export manager Fathi Abdel Aziz said. Saudi Arabia lifted in April a ban on Egyptian onions it had […]
Author Archives: enterpriseam admin
Posted inInfrastructure
Hassan Allam-Samcrete consortium awarded 6 October dry port tender
The Transport Ministry has denied that a consortium of construction firms Hassan Allam and Samcrete has been awarded the contract to build and operate the USD 100 mn 6 October dry port. The local press had claimed Transport Minister Kamel El Wazir reportedly said the consortium had been tapped for the 100-feddan project, which will […]
Posted inManufacturing
Cotton Holding Co. to spend USD 30 mn developing El Mahalla and Damanhour mills
The Cotton & Textile Industries Holding Company will spend USD 30 mn developing its El Mahalla and Damanhour mills starting November, Chairman Ahmed Mostafa said, without disclosing further details. The two mills are expected to be ready for production at the beginning of the cotton harvest season in 2020. The company previously spent EGP 250 […]
Posted inManufacturing
Egyptian cheesemaker Obour Land to invest USD 8 mn in assembly line upgrade
Obour Land is spending USD 8 mn to upgrade its white cheese assembly line, the cheesemaker said in a bourse disclosure (pdf). The company also signed a contract to purchase a machine to produce a new variety of processed cheese spreads in Tetra Pak packaging, alongside its traditional glass-contained spreads. Catalyst Leasing, an equipment leasing […]
Posted inHealth + Education
Integrated Diagnostics to launch new healthtech subsidiary in Egypt
Consumer healthcare provider Integrated Diagnostics Holdings (IDH) is launching a new Egypt-based subsidiary, Wayak, to better employ data mining and artificial intelligence in its operations, it said in a press release. The aim is to develop and offer targeted services to clients, using AI and data mining tools to extract new information from a patient […]
Posted inReal Estate + Housing
Memaar Al Morshedy to develop 900-acre mixed-use project in Sahel
Real estate player Memaar Al Morshedy plans to develop a 900-acre mixed-use project on Egypt’s north coast, a company source told Reuters. The project will be designed by Spain's VDP Design, Egypt's Raef Fahmy Architects, and US-based Hadid Design. Work on the project will begin in January 2020 and will take four years to complete.
Posted inTourism
Tourism Ministry announces partnerships with six international media companies
Egypt is entering new partnerships with six major international media companies including Beautiful Destinations, CNN, Ctrip, Discovery, Expedia Group, and Isobar as part of the Tourism Ministry's global tourism campaign, Minister Rania El Mashat said, according to a ministry statement. El Mashat called the campaign a “key pillar” of the ministry’s efforts to reform the […]
Posted inTelecoms + ICT
Telecom Egypt, Ericsson to set up AI training and innovation facility
State-owned landline monopoly Telecom Egypt (TE) signed an agreement with Ericsson to set up a facility housing an artificial intelligence training center and innovation lab at an unspecified location, according to a cabinet statement. The agreement will see TE fit the site with tech infrastructure and Ericsson provide software and devices.
Posted inAutomotive + Transportation
Egypt to sign by month-end USD 430 mn agreement with PRL for 50 locomotives
The Transport Ministry will sign by the end of the month a USD 430 mn agreement with Progress Rail Locomotive to purchase 50 new locomotives and repair 50 old ones, Minister Kamel El Wazir said. Egyptian National Railways (ENR) signed an MoU with the US-based company last year.
Posted inBanking + Finance
AUB agrees to loan United Real Estate subsidiary EGP 250 mn
An Egypt-based subsidiary of Kuwait’s United Real Estate Company signed on Monday a five-year, EGP 250 mn loan with Ahli United Bank, the parent company said in a bourse disclosure picked up by Mubasher. The loan will be used to fund the company’s Aswar Residences project in New Cairo.