Author Archives: enterpriseam admin

EXCLUSIVE- Preferential “white list,” clampdown on tour agency car rentals, new penalties and more in Customs Act: The latest draft of the Customs Act will include a host of measures that facilitate the flow of goods through Egypt’s ports while also introducing new tariffs for the tourism sector and penalties for violators, sources tell Enterprise. […]

Funeral of the now-dead zero tolerance policy on ergot in imported wheat will be attended by absolutely no one: The Higher Administrative Court has struck down on Saturday the defunct zero tolerance policy on ergot contamination in wheat imports. The decisions allows the current policy of accepting imports with 0.05% ergot contamination to continue unencumbered, […]

MOVES- Shakeup at the board of Misr Insurance ahead of EGX Listing: Public Enterprises Minister Khaled Badawy issued a decree ordering the shakeup of the board of directors of Misr Insurance Holding Company on Sunday, Ahram Gate reports. This move, which reduced the number of board seats to seven from a previous nine, saw the […]

Egpt drawing down European financing for Cairo Metro’s third line: Egypt has received EUR 300 mn of some EUR 900 mn in loans extended by the French Development Agency (AFD) and European Investment Bank (EIB) to finance the construction of the Cairo Metro Line 3, sources close to the matter tell Al Mal. The EIB, […]

It looks like Mo Salah could still make it to the World Cup: Egypt’s national team doctor is “optimistic” that Mohamed Salah will be able to play at the World Cup next month based, according to the Egyptian Football Association (EFA). Salah has a sprained shoulder, Liverpool’s medical team told the EFA, which should heal […]

Bahrain to lift ban on Egyptian guava imports: Egypt’s Agriculture Ministry announced yesterday that Bahraini authorities have agreed to lift the ban on Egyptian guava imports as of the upcoming 2018-19 season. The decision came after Egpt addressed quality and safety complaints related to pesticide contamination. Saudi Arabia had last month also agreed to a […]

Orascom Construction to contribute EGP 15 mn to EFG Hermes and Sawiris foundations’ Upper Egypt development project: Orascom Construction will be joining the EFG Hermes Foundation and the Sawiris Foundation for Social Development in supporting social and economic development in Upper Egypt’s Naga’ El Fawal and El Deir villages with a EGP 15 mn contribution […]