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Posted inBasic Materials + Commodities

Agriculture Ministry to launch electronic database to monitor livestock market

The Agriculture Ministry is planning to establish an electronic database and barcode system for livestock and poultry farms in a bid to tighten its oversight of the market, the ministry’s Tarek Soliman said. The system, which the ministry is also trying to implement on fruit and vegetable farmers to better track exported produce, will also […]

Posted inHealth + Education

Health Ministry agrees to look into repricing 330 meds manufactured by state-owned companies

Health Minister Hala Zayed has agreed to look into repricing 330 meds manufactured by state-owned companies, Public Enterprises Minister Hisham Tawfik tells Al Mal. According to Tawfik, the repricing will not necessarily entail an increase in the retail price, and will assess possible scenarios to reduce manufacturing costs. He did note that some of these […]

Posted inTelecoms + ICT

MNOs renew calls for NTRA to make additional frequencies available

Mobile network operators sent another request to the National Telecommunications Regulatory Authority (NTRA) to make additional frequencies available for the current fiscal year, sources tell Amwal Al Ghad. MNOs have been making repeated requests to the NTRA, but sources say they are still waiting to hear back on NTRA’s proposed tender for a “limited set […]

Posted inBanking + Finance

CBE requires banks to conduct an external quality assurance audit at least once every five years

The central bank issued a directive to banks on Sunday requiring them to conduct an external quality assurance audit by an independent auditor at least once every five years to ensure the bank’s compliance with the Institute of Internal Auditor’s International Professional Practices Framework (IPPF). The audit will also look into internal corporate governance mechanisms […]

Posted inOther Business News of Note

600 Egyptian, foreign companies have applied for GEM operations tender

Around 600 Egyptian and foreign companies and consortiums have expressed interest in prequalification for the tender to manage and operate the Grand Egyptian Museum’s (GEM) facilities, GEM supervisor Tarek Tawfik said. The majority of the consortia are dominated by Egyptian companies that have teamed up with one or two foreign entities, Tawfik said, without disclosing […]

Posted inNational Security

Sudan rescues five Egyptian soldiers that went missing on the border with Libya

Sudanese security forces helped rescue five Egyptian soldiers, including an officer, who had gone missing while on patrol in the Egypt-Libya-Sudan border area. A spokesman for Sudan’s security and intelligence agency, told reporters in Khartoum that the soldiers, including an officer, were freed Monday in a special operation by Sudanese forces, according to the AP. […]

Posted inON YOUR WAY OUT

EFA to announce new Egypt coach on Wednesday

The Egyptian Football Association (EFA) will announce the new national football team coach today, according to EFA head Hany Abo Rida, Youm7 reports. Mexican manager Javier Aguiire is reportedly a front-runner given that his agent arrived to Cairo yesterday for meetings with the federation. The EFA had shortlisted four coaches to replace Hector Cuper, including […]

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