Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Some exporters will get tax breaks instead of cash payment of export subsidies. That’s the key takeaway from a Trade Ministry statement (pdf) issued after a meeting between ministry officials and representatives of Egypt’s export councils. The proposal, part of a bit to prompt the ministry to make good on overdue export subsidy payments, will […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt’s Swvl partners with Ford to make minibus vehicle of choice
STARTUP WATCH- Swvl to make a Ford minibus its vehicle of choice: Mass transportation app Swvl has announced a partnership with Ford that will see the Ford Transit minibus used as the preferred vehicle of choice, MENAbytes reports. The first Ford Transit consignment has already arrived in Egypt. Swvl’s existing partnerships with Nasser Social Bank […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 28 May 2019
Egypt is still enjoying a lull in foreign coverage, with no significant stories getting digital ink this morning. Other stories worth a brief skim: Turkey’s support of “Islamist militias” in Libya threatens Egypt’s security and regional stability, Arab Weekly’s Hassan Abdel Zaher says, citing the claims of Egyptian officials. Polish archaeologists have uncovered the remains […]
Posted inON THE FRONT PAGES
El Sisi urges gov’t to improve investment environment
El Sisi again urges gov’t to improve investment environment: President Abdel Fattah El Sisi’s renewed calls for his government to step up efforts to improve the investment environment topped the front pages of Egypt’s three main state-run newspapers (Al Ahram | Al Akhbar | Al Gomhuria). This marks the second time in two weeks for […]
Posted inWorth watching
Uber teams up with Australia’s Queensland to launch first rideshare submarine
Uber’s latest publicity stunt is ScUber, billed as the world’s first rideshare submarine, Reuters reports (watch, runtime: 00:56). The service allows visitors to explore the state’s Great Barrier Reef. ScUber was officially launched this week. Want to get on board? You’re going to have to cough up around USD 2,000 for a two-person ride.
Posted inDiplomacy + Foreign Trade
Better Egypt, Sudan relations could improve negotiations over GERD
Better Egypt, Sudan relations could improve negotiations over GERD: The strengthening relations between Egypt and Sudan’s ruling military council will have a “positive impact” on negotiations with Ethiopia over its planned Grand Ethiopian Renaissance Dam (GERD), political expert Rani Haslan tells Asharq al-Awsat. The head of Sudan’s Transitional Military Council, Abdel Fattah El Burhan, said […]
Posted inDiplomacy + Foreign Trade
Egypt’s food safety authority makes producers register online to export to KSA
The National Food Safety Authority (NFSA) has made it mandatory for vegetable and fruit producers wishing to export to Saudi Arabia to register their products online, Al Mal reports. The authority has instructed exporters to finalize the necessary procedures before 31 August and said Saudi won’t allow products that don’t meet the conditions stipulated by […]
Posted inBasic Materials + Commodities
Elco Steel signs agreement for Port Said steel factory
Elco Steel signed the ownership and licensing agreement for its new EGP 700 mn steel factory south of Port Said, Al Shorouk reported. The company is planning to expand exports, Chairman Joseph Aoun said without providing further details.
Posted inHealth + Education
JICA promises USD 250 mn in finance for Egypt’s universal health insurance scheme
The Japan International Cooperation Agency (JICA) has promised a USD 250 mn loan to help finance the state’s health insurance plan under the Universal Healthcare Act, according to a cabinet statement. JICA is willing to take part in funding the construction of the hospitals and centers required to implement the scheme, JICA delegation members told […]
Posted inReal Estate + Housing
El Attal to break ground on EGP 2.5 bn tourism project in El Galala in 4Q2019
Real estate player El Attal Holding will break ground on its planned tourism project in El Galala, Ain Sokhna in 4Q2019, Chairman Ahmed El Attal said. The project, which El Attal announced in earlier press statements, will come at an investment cost of EGP 2.5 bn.