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USAID is contributing USD 19 mn to support Egypt’s family planning efforts through a five-year program it will launch with the Health Ministry, according to a US embassy statement picked up by Ahram Online. The program will hone in on Upper Egypt governorates but will also cover parts of Cairo and Alexandria.
Author Archives: enterpriseam admin
Posted inEnergy
Eni launches third production unit at Egypt's Zohr gas field
Italy’s Eni announced on Thursday (pdf) that it has production at the Zohr gas field’s third unit (T-2). The latest ramp-up increases Zohr’s functional capacity to 1.2 bcf/d, up from the current 1.1 bcf/d. “The third unit, following just one week after the second unit’s successful power-up, sets the project pursued by Eni, its co-venturers […]
Posted inBasic Materials + Commodities
EPPO clears Egyptian citrus after inspection
Inspectors from the European and Mediterranean Plant Protection Organization have cleared Egypt’s citrus products for export after they found no evidence of bruising, which they said makes produce more susceptible to infection, the Agriculture Ministry announced in a statement carried by Al Mal.. Egypt has been growing it citrus exports of late, particularly to the […]
Posted inTourism
Remains of Roman-era temple found in Siwa
The remains of a second century Roman-era temple were unearthed near the Siwa Oasis, the Antiquities Ministry said in a statement. The temple, which dates back to the reign of Roman Emperor Antoninus Pius, includes a 5m-long limestone painting bearing Greek inscriptions, which will undergo restoration.
Posted inAutomotive + Transportation
Toyota Egypt targets sales increase of 18.7% this year
Toyota Egypt is targeting an 18.7% increase in car sales this year, CEO Ahmed Monsef tells Reuters’ Arabic service. The company aims to sell 12,500 cars before the end of 2018, up from 10,526 last year. Toyota Egypt is also launching two models of luxury brand Lexus on Thursday, with other models to follow later.
Posted inBanking + Finance
CBE to launch initiative for idle factories within a week
The Central Bank of Egypt will launch an initiative within the week to help idle factories restructure their debts and restart stalled operations, Governor Tarek Amer said without elaborating, according to Al Mal.
Posted inOther Business News of Note
Monginis to invest EGP 30 mn in 30 new stores this year
Indian bakery and pastry chain Monginis is planning to invest EGP 30 mn this year to open 30 new stores across the country, Director Adnan Khorakiwala tells Al Mal. The company is also opening 10 new booths in Cairo metro stations within 10 days, with plans for further expansion with new metro stations. Mongini’s new […]
Posted inSports
Mo Salah named Liverpool’s player of the year
Mohamed Salah was named Liverpool’s player of the year this weekend, which earned him a round of applause from the local and foreign press alike. The WSJ described him as “the most regal Egyptian since Ramses II.”Meanwhile, ex-coach Hany Ramzy has advised the Liverpool star to leave the club and sign for Real Madrid, according to […]
Posted inON YOUR WAY OUT
Yomeddine star rises as “breakout star” at Cannes Film Festival
Rady Gamal, the star of Egyptian independent film Yomeddine, emerged as one of the breakout stars of the Cannes Film Festival, Jake Koyle writes for the AP. Gamal, who suffered from leprosy as a child, is not a professional actor but “offers an authentic portrait of social outcasts seldom seen in cinema,” Koyle says. Yomeddine […]
Posted inON YOUR WAY OUT
Egyptian embassy in London hosts “Made in Egypt” gala
The Egyptian embassy in London hosted the “Made in Egypt” gala last Tuesday, where a number of Egypt’s best designers got to meet and share their work with London high society. The event was sponsored by Mr & Mrs Samih Sawiris, CIB, Edita, EgyptAir, Palm Hills, Ramsco and SODIC.