Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Egypt and Cyprus are in “advanced talks” to begin operating new shipping and cruise lines, Cyprus’ Deputy Shipping Minister Natasa Pilides said following a meeting with Transportation Minister Hisham Arafat, Financial Mirror reports.
Author Archives: enterpriseam admin
Posted inHealth + Education
Egypt, UK sign healthcare cooperation MoU
Assistant Health Minister Ahmed Elsobky and British Ambassador Sir Geoffrey Adams signed an MoU on Thursday to offer training to healthcare professionals in Egypt and encourage British pharma and healthcare providers to invest in Egypt, the embassy said.
Posted inAutomotive + Transportation
Egypt to sell up to 200k automotives in 2019, says AMIC head
Automotive sales in Egypt are expected to dip slightly to 180k-200k units this year, Automotive Information Council (AMIC) boss Moustafa Hussein tells Masrawy. Auto sales in 11M2018 recorded 166.8k units and are expected to have reached around 185k units at the end of last year, according to Hussein. Social media campaigns like “Let it Rust” […]
Posted inAutomotive + Transportation
Egypt discusses electric vehicles manufacturing with Switzerland
Trade and Industry Minister Amr Nassar discussed with Swiss Federal Councilor for Economic Affairs, Education and Research Guy Parmelin potential cooperation between Egypt and Switzerland in manufacturing electric cars, according to a ministry statement. Nassar also discussed with Volvo Buses President Hakan Agnevall manufacturing buses in Egypt to serve new cities, the ministry said (pdf).
Posted inAutomotive + Transportation
Egypt signs civil aviation MoU with Kuwait
The Civil Aviation Ministry signed on Thursday an MoU with the General Authority for Civil Aviation in Kuwait organizing operational procedures for civil aviation and air transport between both countries, Kuwait News Agency reported.
Posted inAutomotive + Transportation
Spanish-Kuwaiti consortium bidding for Egypt’s USD 8.5 bn electric railway
Eight consortiums, including one made of Kuwait-based Al Kharafi Group and five Spanish companies, are competing in a tender to construct the USD 8.5 bn Alamein-Ain Sokhna electric railway, an official from one of the Spanish companies tells Al Shorouk. The winning company will be given 30 months to complete the two-phase project, the first […]
Posted inBanking + Finance
Sarwa Capital receives preliminary FRA approval to for sukuk issuer license
Consumer- and structured-finance player Sarwa Capital has received a preliminary approval from the Financial Regulatory Authority (FRA) for a license to issue sukuk (sharia-compliant bonds), FRA boss Mohamed Omran revealed in a press conference last Tuesday. He noted that the approval was given around one week before the announcement. Sarwa had applied for the license […]
Posted inOther Business News of Note
GTH postpones to 27 March GA meeting to vote on EGP 11.2 bn capital increase
EGX-listed Global Telecom Holding (GTH) has postponed to 27 March its general assembly meeting to vote for a capital increase of EGP 11.2 bn through a rights issue on the bourse, IR department head Noha Agaiby said, according to Al Mal. The company’s majority shareholder, Veon Holdings, is still pushing ahead with a bid to […]
Posted inNational Security
Daesh claims responsibility for kidnapping Christian forensic expert in Egypt
Daesh has claimed responsibility for kidnapping a Christian police forensic expert, Reuters reported, citing a recent announcement by the group’s propaganda outlet, Amaq. While the announcement does not include a name, it appears to refer to the kidnapping of 45-year-old Adeeb Nakhlah.
Posted inON YOUR WAY OUT
Cairo’s 50th International Book Fair opens at new exhibition center, sidelining some merchants
Mirror, mirror on the wall, which book fair is the fairest of them all? The 50th edition of the Cairo International Book Fair, which opened last week, has come a long way — but its new home at the gleaming Egypt International Exhibition Center in New Cairo seems to have disgruntled some, Reuters reports. Booksellers […]