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Driving the conversation in Egypt’s state-owned newspapers is President Abdel Fattah El Sisi’s statement yesterday on the importance of supporting the independence of the judiciary (Al Ahram | Al Akhbar | Al Gomhuria). Also featured on the front pages of Al Ahram and Al Akhbar: The government’s plans to incentivize investment in the Sinai Peninsula.
Author Archives: enterpriseam admin
Posted inWorth watching
Japan helping Egypt with more than finances in Grand Egyptian Museum
Japan is not only a financial partner in the Grand Egyptian Museum (GEM) project, but has also been working with Egypt to preserve and restore Ancient Egyptian artifacts, Euronews says. The Japanese International Cooperation Agency (JICA) has played a key role in the transportation of precious and delicate artifacts from the Egyptian museum in Downtown […]
Posted inDiplomacy + Foreign Trade
Egyptian, German officials sign EUR 150.5 mn cooperation agreements
Egypt, Germany sign EUR 150.5 mn-worth of financing agreements: Investment and International Cooperation Minister Sahar Nasr and German ambassador to Egypt Georg Luy signed yesterday EUR 150.5 mn-worth of agreements to finance development projects in Egypt, according to a ministry statement. The agreements include a EUR 48 mn grant to support education, and a EUR […]
Posted inDiplomacy + Foreign Trade
Syria’s national security chief, Assad top aide Gen. Ali Mamlouk in Egypt
Syria’s National Security chief and President Bashar Al Assad’s top aide Ali Mamlouk is in Egypt to meet with intelligence officials and discuss political and security issues, according to the Associated Press.
Posted inInfrastructure
ITDA to tender 8 retail and logistics centers in 6 governorates
The Supply Ministry’s Internal Trade Development Agency (ITDA) will launch tenders for eight commercial and logistics centers in six governorates across Egypt, ITDA head Ibrahim El Ashmawy announced. ITDA has set up an investment map to identify each governorate’s needs and issue tenders accordingly. Establishing logistics centers to cut down on spoilage of agricultural products […]
Posted inBasic Materials + Commodities
Egypt’s wheat reserves enough to last until April
Egypt’s strategic wheat reserves are enough to last until April, Supply Ministry spokesman Ahmed Kamal said, according to Reuters’ Arabic Service. The state buyer recently purchased 120,000 tonnes of wheat in an international tender for delivery between 11 and 20 February.
Posted inHealth + Education
20.5 mn people examined so far under “100 mn Health” initiative
An estimated 20.5 mn people have been screened since the launch of the government’s nationwide campaign, “100 mn Healthy Lives,” in October, according to MENA. Approximately 7.8 mn examinations were conducted during the initiative’s second phase. The Health Ministry also plans to begin offering tests for breast cancer in clinics as of 15 January.
Posted inAutomotive + Transportation
Nissan Egypt plans to increase production by 30% over five years
Nissan Motor Egypt is eyeing a 30% increase in production at its 6th of October plant over the next five years, Chairman Kohei Maeda told Al Mal. The Japanese auto manufacturer sees annual production capacity reaching 22k units by March 2019.
Posted inAutomotive + Transportation
Egypt receives offers from int’l companies to invest in auto manufacturing
The Public Enterprises Ministry has received offers from 12 international companies to invest in two ailing state-owned automotive manufacturers, Minister Hisham Tawfik said, according to Masrawy. Tawfik did not mention any of the potential investors’ names, but added that four of them specialize in tire manufacturing. The plans to revive the state-owned companies come as […]
Posted inEgypt Politics + Economics
Gov’t considering tax breaks and incentives for Sinai investors
The government is looking into potential incentives for investors in the Sinai Peninsula, including offering tax and customs exemptions for a limited period of time and offering land in North Sinai under a usufruct framework, Prime Minister Moustafa Madbouly said yesterday, according to Amwal El Ghad. The measures are meant to encourage development in the […]