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The Egyptian Food Safety Authority (FSA) has asked its Saudi Arabian counterpart for a six-month grace period to meet the latter’s newly-imposed import eligibility specifications, FSA head Hussein Mansour said, according to Al Mal.
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt and Kenya eager to strengthen bilateral relations
Egypt is committed to increasing its cooperation with Kenya during its AU chairmanship, President Abdel Fattah El Sisi told a delegation of visiting Kenyan officials on Sunday, Ahram Online reports. The meeting included discussions about strengthening bilateral relations between the two countries, as well as ways to combat terrorism and the situation in the Horn […]
Posted inDiplomacy + Foreign Trade
Egypt, Uzbekistan sign tourism, pharma cooperation agreements
Egypt and Uzbekistan have signed agreements for developing tourism infrastructure and pharmaceuticals, as well as joint ventures for processing fruits and vegetables, during a bilateral business forum, according to the outlet Azernews. The Uzbek-Egyptian business forum was held on Friday in Tashkent, Uzbekistan, and attended by representatives of over 40 Egyptian companies.
Posted inEnergy
Misr Asset Management, Yingli Solar in talks to sell solar energy to BMIC
Misr Asset Management and China’s Yingli Solar are in talks to build a 100 MW solar plant for USD 80mn and sell its electricity output to BMIC’s cement plant, local press reported. The Asian Development Bank has agreed to provide USD 50 mn towards the costs of the plant. The project awaits final approval from […]
Posted inInfrastructure
Egypt mulls building logistics center in Ain Sokhna to serve trade with Africa
The government is considering building a logistics center in Ain Sokhna to facilitate trade with Djibouti and other African countries, Al Mal reported.
Posted inManufacturing
AOI, China’s TBEA sign MoU to joint-manufacture electric transformers
The Arab Organization for Industrialization and China’s TBEA signed a memorandum of understanding (MoU) to increase Egypt’s role in the manufacturing of electric transformers and electric charging stations, MENA reported.
Posted inHealth + Education
Egypt launches family support strategy with EGP 540 mn EU grant
Investment Minister Sahar Nasr launched yesterday a strategy to support Egyptian families with an EGP 540 mn grant from the European Union, the ministry said in a statement. The strategy aims to provide family planning support and awareness as well as enhance medical and medicinal services for young married couples. The move comes amid government […]
Posted inReal Estate + Housing
Sawiris-owned real estate company to develop 58.9-feddan Sheikh Zayed plot
A real estate development company owned by Naguib Sawiris has been awarded a contract to develop 58.9 feddans in Sheikh Zayed in partnership with the New Urban Communities Authority (NUCA), government sources said without revealing the value of the contract. NUCA awarded Sawiris the contracts after El Mashreq for Tourism and Urban Development pulled out […]
Posted inBanking + Finance
Redcon seeks EGP 1.7 bn loan to finance construction projects
Construction company Redcon has opened talks with local banks to get an EGP 1.7 bn revolving loan to finance development projects in the new administrative capital and New Alamein, Al Mal reported.
Posted inNational Security
Egypt, France naval, air forces conduct joint military drills
Egyptian and French naval forces conducted joint military exercises off the Red Sea coast, according to a Defense Ministry statement. Air forces from both countries also began a separate drill which will wrap up in a few days, the Armed Forces said in a statement.