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Property rights for women grow with education and employment: Expanding women’s access to education and employment in the Middle East are the key to advancing women’s rights and gender equality, Benjamin G. Bishin and Feryal M. Cherif write for the Washington Post. “Examining women’s property rights in 41 Muslim-majority countries, we find that women are […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Gov’t inks contracts with EIB for its EUR 172 mn contribution to Fayoum wastewater project
Gov’t inks contracts with EIB for its EUR 172 mn contribution to Fayoum wastewater project: Investment and International Cooperation Minister Sahar Nasr signed yesterday a EUR 172 mn loan agreement with the European Investment Bank (EIB) to help upgrade sewage and wastewater systems in Fayoum, Al Mal reports. The loan is part of a EUR […]
Posted inDiplomacy + Foreign Trade
Trade Ministry in talks to export Sovaldi to Russia
Egypt’s Trade and Industry Ministry is in talks with its Russian counterpart to begin exports of Hepatitis C treatment Sovaldi to Moscow, unnamed government sources told Al Mal. Egypt has been producing the treatment Sovaldi since 2015 under a government-sponsored initiative that is said to have lowered the price of a full course of treatment […]
Posted inEnergy
Energy Recovery awarded USD 3.3 mn contracts
The California-based Energy Recovery Inc. was awarded a contract to supply desalination projects in Egypt with USD 3.3 mn-worth of its PX Pressure Changer technology, the company announced. The orders are expected to ship in 4Q2018.
Posted inManufacturing
Bechtel is sole bidder in Egyptalum tender to upgrade production line
The US’ Bechtel Corporation is the sole bidder in a tender issued by Egyptalum to upgrade its seventh production line, Al Mal reports. The company had postponed the tender to 24 July from June in the hopes of drumming up more interest. Egyptalum is currently studying Bechtel’s offer. No additional details were provided.
Posted inManufacturing
IDA promises SME manufacturers a 50% reduction in licensing fees
The Industrial Development Authority (IDA) has reportedly promised small factory owners a 50% reduction in licensing fees and permits, which will take effect at the end of the month, Ahram Gate reports. The IDA had raised licensing fees to EGP 6,042 from EGP 2,907. The authority had recently raised the registration fee for the Industrial […]
Posted inTourism
Taba Heights looking to double its visitors by end-2018
Taba Heights is looking to double the number of tourists visiting its hotels and resorts to reach 150k visitors by the end of 2018, General Manager Emad El Tarabishy tells Reuters’ Arabic service. The company is working on diversifying its sources of tourism by focusing on new markets such as Iraq and Poland. Occupancy rates […]
Posted inTelecoms + ICT
MNOs to operate fixed line services before end of 2018
Egypt’s three private mobile network operators will reportedly launch fixed line services before the end of 2018, unnamed sources tell Al Mal. MNOs finished testing fixed line services with state-owned landline monopoly Telecom Egypt and are currently negotiating final terms, they add. Vodafone Egypt began testing its fixed line services last week but the company […]
Posted inBanking + Finance
NI Capital’s Tamweely receives final microfinance license
NI Capital’s Tamweely announced yesterday that it received its final microfinance license on 8 July, which will allow the company to officially launch its operations, the company said in a press release (pdf). Tamweely was established in August by state-owned investment bank NI Capital with an initial investment of EGP 50 mn. The company had […]
Posted inOther Business News of Note
MAM to buy stake in Al Canal Sugar from Al Ahly Capital for EGP 100 mn
Misr Asset Management (MAM) reportedly plans to invest EGP 100 mn to buy into Al Ghurair Group’s Al Canal Sugar refinery, company sources told Al Mal yesterday. The company expects to finalize the terms of the transaction within a month with Al Ahly Capital, which holds a 27% stake in the project through its EGP […]