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South Africa became the fourth African country to ratify the African Tripartite Freetrade Area (TFTA) agreement after Egypt, Uganda, and Kenya, Secretary General of the Common Market for Eastern Southern Africa (COMESA) Chileshe Kapwepwe said. The TFTA is a multilateral freetrade agreement first signed in 2015 b member states of the COMESA, Southern African Development […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
FM works with Nigeria to locate missing Egyptian man
Egypt’s Foreign Ministry is working with relevant Nigerian officials to locate an Egyptian man who has allegedly been kidnapped, the ministry said in a statement.
Posted inEnergy
ANOPC signs contracts to develop USD 1.9 bn fuel refinery in Assiut
Assiut National Oil Processing Company (ANOPC) inked contracts with Italy's Technip and Enppi to build the USD 1.9 bn fuel refinery in Assiut, Al Shorouk reports. The diesel hydrocracking complex, which will convert lower quality heavy fuel into higher quality products such as LPG, naphtha, kerosene and gasoline, will have a production capacity of 3.4 […]
Posted inManufacturing
Italy’s Pedrini to establish marble industrial complex at El Galala
Italian marble manufacturer Pedrini is planning to establish a manufacturing complex in the El Galala area, which will house seven factories, Ittihadiya said in a statement. President Abdel Fattah El Sisi met with the company’s CEO in Cairo yesterday to discuss their future investment plans. Details on financing and timeline were not disclosed.
Posted inTourism
Finland to resume chartered flights to Hurghada after six-year suspension
Charter flights from Finland to Hurghada are set to resume on 18 December following a six-year hiatus, tourism industry specialist Ehab Shoukry said, according to Al Masry Al Youm.
Posted inTourism
EgyptAir to launch direct flights with Rwanda, Cameroon in Jan
EgyptAir plans to launch direct flights between Cairo and Rwanda and Cameroon, Civil Aviation Minister Younes El Masry said at a presser, according to Al Shorouk.
Posted inAutomotive + Transportation
Geyushi Motors, China’s Yutong to supply Egypt with 900 buses over three years
Engineering Automotive Manufacturing, a subsidiary of the Holding Company for Maritime & Land Transport, signed a contract with Geyushi Motors and China’s Yutong that will see them supply it with 900 buses over the next three years. The first batch of 150 buses, which will cost EGP 2.6 mn each, will arrive in 2019, Al […]
Posted inOther Business News of Note
Veon withdraws offer to acquire GTH assets in Pakistan and Bangladesh
Amsterdam-based Veon has withdrawn its offer to acquire Global Telecom Holding’s (GTH) Pakistan subsidiary Jazz, and its Bangladesh-based telecom firm Banglalink for approximately USD 2.6 bn, GTH announced on Thursday in a statement.
Posted inOther Business News of Note
Indomie plans to invest in agriculture to grow raw materials for its factory
Indonesian instant noodles manufacturer Indomie Egypt has purchased land in Ismailia as it looks to start growing its produce in Egypt, Trade Attaché at the Indonesian Embassy in Cairo Burman Rahman said, according to Al Mal.
Posted inLegislation + Policy
Gov’t to propose constitutional amendments to parliament in January
The government will propose a number of constitutional amendments to parliament in January, House Rep. Mostafa Bakry said on his show on Sada El Balad channel (watch, runtime: 02:01). Bakry said he expects the amendments to pertain to articles revolving around government formation, presidential powers and the potential formation of a senate to replace the […]