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Housing Minister Essam Al Gazzar met yesterday with representatives from several local and international companies focussed on utilities development projects to explore opportunities for cooperation on projects in drinking water refinement and desalination as well as waste management, according to a ministry statement. Al Gazzar also met with a delegation from the World Bank to […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Egypt to export potatoes to Turkey
Egypt began exporting potatoes to Turkey as of last Thursday, the Agriculture Ministry said in a statement. According to the ministry, Egypt has also been exporting onions to Turkey for the past three months.
Posted inBasic Materials + Commodities
Egypt production of wheat will exceed 9 mn tonnes for the first time
Egyptian production of wheat is expected to exceed 9 mn tonnes this season for the first time, according to statements from Agriculture Minister Ezzedin Abu Steit cited by Al Mal. The yield represents a cultivated area of 3.25 mn feddans.
Posted inManufacturing
Unionaire inaugurates refrigerators and TV screens factories
Unionaire inaugurated on Thursday two new television screens and refrigerator production facilities in 6 October City at a combined investment of EGP 300 mn, according to a Trade and Industry Ministry statement. The facilities include five production lines at the refrigerator factory and another seven at the television screens factor. Unionaire has earmarked 50% of […]
Posted inManufacturing
Military Production Ministry signs MoU with Chimide Polaska
The Military Production Ministry signed on Thursday a memorandum of understanding (MoU) with Poland’s Chimide Polska to set up a local joint venture to manufacture portable cabins, the ministry said in a statement.
Posted inManufacturing
AOI partners Malaysian company and is in talks with Austria’s Andritz
The Arab Organization for Industrialization (AOI) inked a cooperation protocol with a Malaysian company to plant and process 1.5 mn Medjool date palms in Kharga Oasis, New Valley governorate Mohamed El Zamaloot said, according to Al Shorouk. The story does not get into the project’s value or timeline, but its description of the potential venture […]
Posted inHealth + Education
Government plans setting up mobile classes with China’s NetDragon
Prime Minister Moustafa Madbouly discussed with China’s NetDragon plans to set up mobile classrooms in Egypt as a means to address high student density in public schools, according to a Cabinet statement.
Posted inHealth + Education
Baheya Foundation to establish EGP 880 mn in Sheikh Zayed
The Baheya Foundation for Early Detection and Treatment of Breast Cancer is planning to establish a new EGP 880 mn hospital in Sheikh Zayed, Chairman Tamer Shawky said. Baheya will break ground on the facility by year-end, and is planning to have the hospital up and running after three phases — the first of which […]
Posted inAutomotive + Transportation
Egypt’s Transport Minister to speed up purchase, maintenance of 141 locomotives
Transport Minister Kamel El Wazir met on Thursday with a delegation from Progress Rail Locomotive to speed up the financial closure and signing of the final contracts for the purchase and maintenance of new locomotives, according to a Cabinet statement. The agreements include the purchase of 50 new locomotives, the maintenance of 91 existing trains, […]
Posted inBanking + Finance
Vodafone takes out EGP 2.1 bn from two bank loans to fund capital expenses
Vodafone Egypt has withdrawn EGP 2.1 bn worth of financing from two bank loans, bank sources familiar with the matter told Masrawy. The company took EGP 900 mn from a EGP 4.5 bn credit facility agreed last week with Banque Misr. The other EGP 1.2 bn was withdrawn from a previously agreed syndicated loan.