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President Abdel Fattah El Sisi’s national address yesterday to commemorate 30 June topped the front page of Al Akhbar, one of the three government-owned dailies. Both Al Ahram and Al Gomhuria’s websites were still down at dispatch time. You can read a transcript of El Sisi’s speech in Arabic here or watch it here (runtime: […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
El Sisi meets state leaders, talks business and politics in Osaka
President Abdel Fattah El Sisi had a busy weekend at the G20 summit in Osaka, where he met with heads of states and top multinational organizations and companies. The meetings kicked off with talks with Japanese Prime Minister Shinzo Abe, with a focus on education, culture, technology, energy, and transport cooperation, according to an Ittihadiya […]
Posted inEnergy
Egypt pays Dana Gas USD 38 mn in owed arrears
Egypt has paid Dana Gas USD 38 mn in overdue arrears in June, the company said yesterday. The Emirati company’s total revenues from its month’s operations in Egypt reached USD 48 mn as it has also made USD 10 mn from selling natural gas condensate. Dana Gas received a total of USD 78 mn in […]
Posted inBasic Materials + Commodities
Saudi sends delegation to Egypt for visits to food producers
A delegation from the Saudi Food and Drug Authority will be in Cairo from 30 June to 11 July to visit 43 Egyptian food producers, Al Mal reports. The visit comes in preparation to expand the number of Egyptian companies allowed to export goods to the Saudi market. Saudi Arabia lifted in April a ban […]
Posted inHealth + Education
Gov’t offers higher salaries to physicians under universal healthcare
Doctors working under the new universal healthcare system in Port Said will receive significantly higher salaries, the Health Ministry said, according to Al Mal. The ministry said doctors will earn between EGP 10-12k a month and specialists will receive EGP 12-16k provided they are contracted for a period between three months and a year. Port […]
Posted inTourism
Albanian tourism company to launch weekly chartered flights to Egypt’s Red Sea
A major Albanian tourism company will launch weekly chartered flights to the Red Sea’sSharm El Sheikh and Hurghada from Tirana until September, the Foreign Ministry said in a statement. The first flight is scheduled to depart tomorrow.
Posted inAutomotive + Transportation
Egypt automotive sales down 8% y-o-y in 5M2019
Total vehicle sales in Egypt fell 8.5% y-o-y to 60,207 vehicles in 5M2019, compared to 63,948 vehicles in the same period last year, according to figures from the Automotive Information Council (AMIC) cited by Al Mal. Passenger car sales dropped 10% y-o-y to 41,154 units, while bus sales climbed 3.6% y-o-y to 5,690. The dip […]
Posted inAutomotive + Transportation
Bavaria Auto signs ambulance assembly agreement with Germany’s Ziegler
Bavaria Auto signed last week an agreement with Germany’s Ziegler Group to assemble ambulances in Egypt, Ahram Gate reports. The two sides inked the agreement during Prime Minister Moustafa Madbouly’s visit to Germany last week. No further details were provided.
Posted inAutomotive + Transportation
Egyptian delegation meets electric bus manufacturers in Shanghai
A delegation from the Arab Organization for Industrialization (AOI) and holding companies met with major Chinese electric bus manufacturers in Shanghai last week, Trade Commissioner for Egypt in Shanghai Matar Al Mowafy said, according to Al Mal. Talks between the two sides focused on possible cooperation to assemble electric buses in Egypt at AOI facilities, […]
Posted inOther Business News of Note
Egypt’s GAFI set to complete six freezones this fiscal year
The General Authority for Freezones and Investments (GAFI) is set to complete six customs-exempt special economic zones (SEZs) in FY2019-2020, GAFI head Mohsen Adel tells Al Masry Al Youm. The plan includes “Egypt’s largest” mixed-use SEZ in Tenth of Ramadan City, which the authority will develop in partnership with the New Urban Communities Authority (NUCA). […]