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Food exports are expected to decline 3% by the end of this year, rather than grow 10% as was expected at the beginning of the year, head of Egypt’s Food Export Council Hani Berzi said. According to Berzi, the decline comes on the back of a two-year delay in the release of export subsidy payments, […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Italy offers economic support despite Regeni drama
Italy showing Egypt love despite Regeni tensions: Investment Minister Sahar Nasr has signed a EUR 45 mn agreement with Italian Ambassador to Egypt Giampaolo Cantini to support training and technical programs for SMEs and financing for companies that need to purchase production inputs, according to a ministry statement. Italy is also backing the launch of […]
Posted inSpeed Round
Nabil Dweidar appointed interim head of Holding Co for Maritime and Land Transport
MOVES- Public Enterprises Minister Hisham Tawfik has appointed Nabil Dweidar as the interim head of the Holding Company for Maritime and Land Transport, replacing Mohamed Youssef.
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
No single story leads the conversation on Egypt in the foreign press
No single story is leading the conversation on Egypt in the foreign press, with outlets busying themselves with a range of topics, including self-censorship, which Yasmine El Rashidi writes for the New York Times has become the new norm to avoid retribution in the public sphere. Women’s issues: The Jerusalem Post claims that Christian women […]
Posted inON THE FRONT PAGES
Egypt’s state-owned dailies continue focusing on gov’t-sponsored conferences
Egypt’s state-owned dailies are maintaining the theme of focusing on government-sponsored conferences, with Al Ahram, Al Akhbar, and Al Gomhuria all running stories on the Africa 2018 Forum on their front pages this morning. Al Ahram also features Telecom Egypt and Liquid Telecom’s data center USD 400 mn agreement (see Speed Round, above, for more) […]
Posted inDiplomacy + Foreign Trade
AfreximBank pledges USD 2 bn for Egypt in 2019
The African Export Import (AfreximBank) Bank has earmarked USD 2 bn for Egypt in 2019, President Benedict Oramah said during the Africa 2018 forum in Sharm El Sheikh, according to Al Mal. The new financing will be directed largely towards manufacturing and petrochemical projects.
Posted inDiplomacy + Foreign Trade
Saudi bans imports from 56 Egyptian farms
New Saudi ban on Egyptian agri products: Saudi Arabia has banned imports of agricultural products from 56 Egyptian farms due to unsafe levels of residual pesticides and apparent violations in shipments, sources from the Agricultural Quarantine Authority said. The banned produce includes pomegranates, guavas, and peppers. Egypt and the kingdom had signed a protocol on […]
Posted inEnergy
Egypt’s natural gas production to increase to 8 bcf/d by 2021
Egypt’s natural gas production is expected to reach 8 bcf/d by 2021, up from 6.2 bcf/d currently, a source from the oil industry said. The increase in production will meet domestic demand and allow Egypt to export surplus to global markets through the Idku and Damietta liquefaction plants.
Posted inInfrastructure
Hassan Allam to build EGP 2.2 bn water treatment project in New Capital
The New Urban Community Authority has awarded Hassan Allam Construction a contract to build a EGP 2.2 bn water treatment plant in the new administrative capital, Al Shorouk reports. No further details were provided.