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Egypt has rejected a Romanian wheat shipment over a “quality issue,” an official told Reuters yesterday. The official said the rejection is final, adding that it’s now up to the seller and the General Authority for Supply Commodities (GASC) to determine how they wish to proceed in regards to the contract.
Author Archives: enterpriseam admin
Posted inManufacturing
FEI submits industrial export, import recommendations to the cabinet
The Federation of Egyptian Industries has submitted to the cabinet suggestions about how to grow net exports, reduce reliance on imports and tackle issues facing the manufacturing sector, Chairman Mohamed El Sewedy said, according to Al Shorouk. El Sewedy voiced approval of the government’s new non-cash incentives program for exporters, which aims to boost value-added […]
Posted inManufacturing
Trade Ministry bans imports of finished iron pellets into Egypt
The Trade and Industry Ministry has restricted the importing of iron pellets to steel manufacturers, according to Al Mal.
Posted inHealth + Education
Higher Education Ministry cancels accreditation requirement for foreign students
Egypt has reportedly canceled the requirement for incoming foreign college freshmen studying here at their own expense to provide equivalency accreditation from their embassies, reports Kuwaiti daily newspaper Al Qabas.
Posted inTourism
Oman’s SalamAir begins direct flights to Egypt’s Borg El Arab Airport
Omani low-cost airliner SalamAir has begun running direct flights to Alexandria three times a week and will begin daily flights starting 1 May, according to a press release (pdf). The Muscat-based operator landed its first direct flight in Borg El Arab Airport on Saturday.
Posted inTelecoms + ICT
Microsoft launches platform for tech solutions to startups in Egypt
Microsoft has launched a platform to provide tech solutions and marketing services to startups in Egypt, Microsoft’s startups initiative director Sherif Aziz said, according to Masrawy. The platform will also eventually allow startups to get in touch with investors and public bodies. Research by the International Data Corporation (IDC) recently found that cloud services could […]
Posted inOther Business News of Note
Egypt opens talks with UPS to partner on Africa air transport logistics centers
Trade and Industry Minister Amr Nassar discussed opening Egyptian air cargo logistics hubs across Africa in partnership with United Parcel Service (UPS) at a meeting between Nassar and UPS regional president for the Indian Subcontinent, Middle East and Africa (ISMEA) Rami Suleiman, according to a ministry statement (pdf).
Posted inOther Business News of Note
Upper Egypt to get first commercial and logistics zone with EGP 2 bn investments
Head of the Supply Ministry’s Internal Trade Development Agency (ITDA) Ibrahim El Ashmawy and Qena Governor Abdel Hamid Al Hagan have signed off on the establishment of the first commercial and logistics zone in Upper Egypt with EGP 2 bn investments, Al Mal reported. The zone is set to be completed over three years and […]
Posted inEgypt Politics + Economics
Prosecutor general orders detention of four more people over train crash
Prosecutor General Nabil Sadek ordered yesterday that five more people be detained for four days pending investigations over last week’s Ramses train crash that resulted in the death of 22 people, MENA reported. The prosecutor ordered earlier this week the detention of six people, including the train driver, his assistant, another train driver and three […]
Posted inNational Security
Egypt, UK begin joint military exercises
Egyptian and British troops have started a month-long joint military exercise on Egypt’s Mediterranean coastto bolster counter-terrorism efforts, the British Embassy said in a statement. Egyptian naval and air forces also began joint exercises with their French counterparts earlier this week.