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The state-owned Misr Petroleum Company (MPC) signed an MoU with Malaysia’s Petronas on Thursday that will see them operate MPC’s idle Amreya plant capacity to pump out an additional 30,000 tonnes of refined fuel a year, according to an Oil Ministry statement. The output will be sold locally and exported to other African markets through […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Supply Ministry to issue tender to establish 27 logistics centers in August
The Supply Ministry will issue tenders in August to private investors for the development of 27 logistical centers across the country, ministry sources tell Al Mal. Sources added that the first centers will be established in Upper Egypt. The Supply Ministry has been looking to collaborate more with private sector players recently as it seeks […]
Posted inManufacturing
Organization for Standardization drafting list of 200 new standards for industry
The Trade and Industry Ministry’s Organization for Standardization (EOS) is preparing a list of around 200 new quality standards for manufacturers, EOS head Ashraf Afifi tells Amwal Al Ghad. These new standards will mostly be geared towards the engineering, chemicals, and food industries, he added, without noting or hinting at the extent of these standards. […]
Posted inAutomotive + Transportation
Cairo Metro Line 3 Phase 3A to be inaugurated by end-2020
Phase 3A of Cairo Metro’s Line 3 is expected to be operational by the end of 2020, NAT spokesman Hassan Tawfik said. Once inaugurated, phase 3A would run from Ataba to El Kit Kat. The remainder of the phase should be completed by mid-2021, according to Tawfik.
Posted inAutomotive + Transportation
Al Amal Automotive is in talks to begin assembling electric buses by 2019
Al Amal Automotive, BYD and Lada’s local partner, is in talks with bus manufacturer King Long and BYD to begin assembling electric buses at Al Amal’s factory in 10 Ramadan City by 2019, Al Mal reports. Soliman did not provide any details on the expected investment value.
Posted inAutomotive + Transportation
Nile Taxi cooperates with private transport companies to launch unified bus, river taxi service
Nile Taxi is teaming up with unnamed private transport companies to launch a unified service that allows commuters to take a bus and a Nile Taxi with one EGP 35 ticket within days, Nile Taxi Chairman Magdi Ghali tells Al Masry Al Youm. According to Ghali, the service will be available through a mobile app.
Posted inOther Business News of Note
Samcrete to delist from EGX by year’s end, plans to relist subsidiaries once ready to meet new EGX requirements
Construction outfit Samcrete is planning to delist from the EGX before year’s end, with plans to float shares again from at least two of its subsidiaries once the company readies itself to meet a number of amended listing requirements, CFO Sameh Wahib tells Al Mal. The company had been facing mandatory delisting since March this […]
Posted inOther Business News of Note
Facebook to launch campaign in Egypt
Facebook is reportedly in talks with several PR companies in Egypt to launch a promotional campaign in the country, according to Al Mal.
Posted inNational Security
Egypt, US, UAE, Saudi navies begin joint naval exercise
Egypt, the US, the UAE, and Saudi Arabia have begun a multi-day joint naval exercise off Egypt’s Red Sea coast, according to the Defense Ministry. The joint exercise, Eagle Salute, will see Jordan, Pakistan, and South Korea participating as monitors.
Posted inON YOUR WAY OUT
Arts school teaches performance arts to underprivileged students in Darb Al Ahmar
The Al-Darb Al-Ahmar Arts School has taught performance arts, including singing and acting, to dozens of underprivileged students, Reuters says. The school, “named after the more than 700-year-old neighborhood where it is located, hopes that teaching children performing and circus arts they will also learn valuable life skills.”