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Egypt’s New and Renewable Energy Authority signed a EUR 20 mn agreement with Spanish energy giant TSK Grupo on Thursday to set up a 26 MW solar park in Kom Ombo in Upper Egypt, Ahram Online reports, citing the state news agency. The park will be complete by mid-2019 and will be funded by the […]
Author Archives: enterpriseam admin
Posted inInfrastructure
Maersk to go on Asian tour to win back shipping alliances to East Port Said
Maersk is embarking on a new Asian tour in October that will aim to win back shipping alliances that had ceased operations at East Port Said, which it helps operate, due to protest high fees, Al Mal reports. Maersk will also be approaching new shipping companies and alliances in the hopes of attracting them to […]
Posted inBasic Materials + Commodities
Egypt to begin exporting garlic to Indonesia
Egypt will start exporting garlic to Indonesia after quarantine officials successfully concluded talks, the agriculture ministry said in a statement on Thursday picked up by Youm7. Agriculture officials have been targeting new export markets lately and are eyeing countriesin East Asia as potential export markets for products include dates, grapes, and pomegranates.
Posted inBasic Materials + Commodities
Government starts buying locally produced rice until mid-November
The Supply Ministry began yesterday purchasing locally produced rice for this harvest season which ends in mid-November, Al Shorouk reports. The government had announced it will pay its farmers EGP 4,400-4,700 a tonne for rice paddy. It’s not yet clear how much the Egyptian government is seeking to purchase.
Posted inManufacturing
Date packager HB to install three new production lines worth USD 15 mn
Date packager HB signed contracts to install three production lines at its facilities from Italy and China worth USD 15 mn, head of exports Basma Al Banna said, according to Fresh Plaza. The new lines, which will be set up at the company’s factories in New Valley and Menofiya factories, are expected to add around […]
Posted inHealth + Education
Egypt launches nationwide Hepatitis C survey in October
Egypt will run a nationwide screening from October to April 2019 to detect and treat Hepatitis C patients, according to an Ittihadiya statement. The program was announced last February and aims to rid Egypt of Hepatitis C by 2020. The program, which has received funding from United Nations World Health Organization, aims to identify around […]
Posted inTelecoms + ICT
TE allocates USD 10 mn to maintenance and operations work on subsea MENA cable
Telecom Egypt has reportedly allocated USD 10 mn to installation and maintenance work on its subsea MENA cable, sources tell Al Mal. TE had acquired MENA Cables from Orascom Telecom Media and Technology earlier this year in a USD 90 mn transaction, of which USD 40 mn represented the cost of the cable, with USD […]
Posted inAutomotive + Transportation
Russian car makers interested in El Nasr Automotive
Russian car makers are interested in partnering up with the Egyptian government to restart operations at El Nasr Automotive, Moscow’s trade representative in Cairo Nikolai Aslanov said, according to Ahram Gate. This came despite statements from Public Enterprises Minister Hisham Tawfik that the government had no intention of giving ownership stake to foreign investors in […]
Posted inAutomotive + Transportation
Auto sales jump to 96.3k vehickes in 7M2018
Total auto sales jumped 38.1% y-o-y in the first seven months of 2018 with 96,381 vehicles sold, according to figures from the Automotive Information Council (AMIC). Passenger car sales grew 29% in 7M2018 to 69,901 cars, up from 49,617 last year. Bus sales also rose 13.9% compared to the same period last year.
Posted inOther Business News of Note
Souq opens up new logistics center in 10 Ramadan City
Amazon subsidiary Souq.com inaugurated a new logistics center in 10 Ramadan City, according to Youm7. No details on the investment value was disclosed, but we had earlier noted that Mintra Group was teaming up with Souq to establish two logistics centers with initial investments of EGP 1 bn.