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Egypt’s exports rose 14% y-o-y in 1Q2018, according to a Trade and Industry Ministry statement. Non-oil exports during the quarter reached USD 5.55 bn, according to the General Organization for Export and Import Control’s reports for January, February, and March’s export figures. Meanwhile, Egypt’s exports to the EU rose 21% y-o-y during 2017 to reach […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt “fails” to ease tensions, facilitate further negotiations between PA and Hamas
Egypt has “failed” in easing tensions between the Palestinian Authority (PA) and Hamas, and is refusing to facilitate further reconciliation talks between the rival Palestinian factions, a PA official said, according to Middle East Monitor. Arab Weekly has a similar story.
Posted inDiplomacy + Foreign Trade
Rahul Kulshreshtha appointed India's Ambassador to Egypt
Rahul Kulshreshtha has been appointed as India’s new ambassador to Egypt, according to the Indian Foreign Ministry. Kulshreshtha replaces Sanjay Bhattacharya.
Posted inDiplomacy + Foreign Trade
Ukraine issues travel warning to Egypt following extension of state of emergency
Ukraine’s Foreign Ministry has renewed a travel warning advising citizens against visiting Egypt during the state of emergency, which was recently extended for another three months,Russia Today reports.
Posted inEnergy
EEHC to select winning bids in management, maintenance tender for Siemens plants in May
The Egyptian Electricity Holding Company (EEHC) is expected to select the winning bid in the tender for the day-to-day management and maintenance of the three Siemens combined-cycle power plants next month, EEHC sources said. The EEHC has shortlisted four out of seven companies and consortia, including Siemens, an Orascom-ADERA Energy consortium, an Elsewedy-EDF consortium, a […]
Posted inInfrastructure
MAF, Elsewedy sign agreement to construct Supply Ministry’s logistics zones
Majid Al Futtaim and Elsewedy Electric signed on Thursday an agreement with the Supply Ministry to establish several logistics zones, Al Mal reports. No details were provided on the value of the agreement or the expected construction timeline. The zones are at the heart of the ministry’s internal trade strategy, which Minister Ali El Moselhy […]
Posted inBasic Materials + Commodities
Supply Ministry extends meat supply agreement with Sudan’s Al Ategahat
The Supply Ministry has decided to extend Egypt’s meat supply agreement with Sudan’s Al Ategahat until next year, Al Mal reports. The Sudanese company will be supplying 225k live cattle. The cost of the agreement was not disclosed.
Posted inBasic Materials + Commodities
Chinese delegation in town to inspect Egyptian grape, citrus fruit exports
A delegation of China’s agricultural importers and three Chinese MPs are visiting Egypt today to inspect Egyptian grapes and citrus fruits set for exporting, Al Masry Al Youm reports.
Posted inTourism
TIME Hotels to open beach resort in Ras Sudr this year
International hotelier TIME Hotels is planning to open a 56-room beach resort in Ras Sudr this year, CEO Mohamed Awadallah tells Al Shorouk. The project comes as part of the company’s regional expansion plans, which also sees it expanding in Dubai, Sharjah, and Saudi Arabia by 2020.
Posted inTourism
Direct flights from Astana and Shymkent to Hurghada to launch in May and June
Direct charter flights from Kazakh capital Astana to Hurghada are set to launch in May, while another route from Shymkent will launch in June, Al Masry Al Youm reports.