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UK-based fruit grower WB Chambers started this year buying berries grown in Egypt for distribution in UK markets, Managing Director Tim Chambers said, according to Horticulture Week.
Author Archives: enterpriseam admin
Posted inManufacturing
Government could do away with license auctions for cement and steel manufacturing
The Trade and Industry Ministry is reportedly considering amendments to the rules that govern the issuing of manufacturing licenses for heavy duty industries such as cement and steel, government sources said yesterday. The proposed changes — which have been submitted to the Madbouly Cabinet for review — would base the fees for manufacturing licenses on […]
Posted inHealth + Education
Madbouly issues decree forming new healthcare system regulator’s BoD
Prime Minister Mostafa Madbouly has formed the board of directors of the new healthcare regulator responsible for enforcing quality control at hospitals under the new universal healthcare system, according to a copy of the decree picked up by the local press. The board, whose term will last four years, will be headed by Ashraf Mohamed […]
Posted inTourism
Helnan Hotels to build branch in new capital, plans to add 4 to Egypt portfolio
Helnan International Hotels is planning to build a hotel at the new administrative capital in the upcoming period, Chairman Enan Galaly said, without providing additional details. Construction of the new hotel will be financed through loans from unnamed banks. The hotel group also plans to begin managing four additional hotels in Egypt during the coming […]
Posted inTelecoms + ICT
SICO targets smartphone sales to seven African countries by year-end or early 2019
Egyptian smartphone maker SICO is planning to break into seven new African markets by the end of this year or early 2019, Sales Director Mahmoud Ali tells Reuters. The company is hoping to retail its products in “Kenya, Morocco, the Democratic Republic of Congo, South Africa, Nigeria, Mozambique, and Ghana,” at around USD 50-60 a […]
Posted inLegislation + Policy
El Sisi ratifies Public Procurement Act
President Abdel Fattah El Sisi has signed into law the Public Procurement Act, the final version of which was published in the Official Gazette last Wednesday (pdf). The law grants preferential treatment in government tenders to products with at least 40% domestic content over competing products with less domestic input. The act is meant to […]
Posted inEgypt Politics + Economics
Egypt launches grievance committee for investors
Investment Minister Sahar Nasr has ordered the launch of a grievance committee to receive complaints related to ministry decisions, according to a ministry statement. The move is aimed to clear obstacles facing investors.
Posted inON YOUR WAY OUT
Internet trolls Melania trump over Egypt outfit
The internet had a field day over the outfit Melania Trump wore during her Egypt visit, with some likening it to Michael Jackson’s iconic suit from his ‘Smooth Criminal’ music video, Inside Edition noted. Egypt was the last stop in a tour by the US First Lady that included visits to Ghana, Malawi, and Kenya, […]
Posted inON YOUR WAY OUT
EgyptAir stands by its bizzaro-world “interview” with Drew Barrymore
Horus maintains verity of bizarre Drew Barrymore the interview: Al Ahram advertising agency issued a statement yesterday (pdf) maintaining that a Drew Barrymore interview published in EgyptAir’s in-flight magazine was not fabricated. The questionable interview in Horus magazine had raised eyebrows last week when it went viral on social media, especially after Barrymore’s publicist called […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.95 EGP / USD at CIB: Buy 17.86| Sell 7.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30: 13,589 (-0.1%) Turnover: EGP 649 mn (11% below the 90-day average) EGX 30 year-to-date: -9.5% THE MARKET ON TUESDAY: The EGX30 index ended Tuesday’s […]