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A delegation from Egypt’s Veterinary Quarantine Authority visited Saudi Arabia last week to discuss the lifting a ban on Egyptian fish imports, a source tells Al Shorouk. The delegation reached an agreement with Saudi authorities to hold a joint commercial committee meeting in Saudi Arabia to settle the ban, the source adds. Saudi Arabia banned […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Macron to visit Egypt in early May -sources
French President Emmanuel Macron will reportedly visit Egypt early in May, a source at the Foreign Ministry tells Egypt Today. Macron’s visit comes at President Abdel Fattah El Sisi’s invitation. The two leaders are expected to discuss bilateral relations, as well as a host of regional issues, they add.
Posted inDiplomacy + Foreign Trade
Egypt, Pakistan discuss military cooperation and counterterrorism
President Abdel Fattah El Sisi met with visiting Pakistani Chairman of Joint Chiefs of Staff Committee, General Zubair Mahmood Hayat, in Cairoon Thursday to discuss military cooperation and counterterrorism efforts, according to an Ittihadiya statement. The Pakistani General also met with Defense Minister Sedki Sobhi.
Posted inDiplomacy + Foreign Trade
Egypt lobbying for South Sudan seat in Arab League
Egypt has been lobbying heavily for South Sudan to join the Arab League, a diplomat from the pan-Arab organization tells Al Monitor. Egypt argues that Juba’s strategic geographical position “serves as the Arab gateway to Africa,” the source adds. South Sudan, which seceded from Arab League member Sudan in 2011, had filed to join the […]
Posted inEnergy
Eni planning to drill three additional wells in phase one development of Zohr
Eni is planning to drill three additional wells as part of phase one development of Zohr, an EGAS source tells Al Shorouk. The addition, which would bring the total number of wells in the first phase to nine, comes as part of the company’s plan to raise output from the field to 700 mcf/d by […]
Posted inBasic Materials + Commodities
Egyptian cotton production to reach 420k bales in FY2018-19, says US report
Egyptian cotton production is set to grow 40% y-o-y to 420k bales in FY2018-19, according to the latest report by the USDA’s Foreign Agricultural Service. The production increase, which will also see a rise in cotton exports while imports decrease marginally, follows “new policies to increase yields and improve quality, and high farm-gate prices,” which […]
Posted inBasic Materials + Commodities
GASC purchases 475k tonnes of Russian and Romanian wheat in global tender
The General Authority for Supply Commodities (GASC) purchased 355k tonnes of Russian wheat and 120k of Romanian wheat in an international tender on Thursday, Reuters’ Arabic service reports.
Posted inManufacturing
Ezz benefited from improved gas supplies, currency availability
Ezz Steel benefited in 2017 from improved natural gas and electricity supplies for its DRI plants and steel works, but lack of funds and higher costs limited performance, Platts reports. Foreign currency was also readily available, Chairman and CEO Paul Chekaiban says.
Posted inHealth + Education
Egypt to receive USD 200 mn loan from World Bank for Hep C survey
The Health Ministry will receive a USD 200 mn loan from the World Bank to conduct a comprehensive nationwide survey on the prevalence of Hepatitis C, according to Minister Ahmed Rady. The 25-year loan comes in support of a national plan to eliminate the virus from the country by the end of 2020. Rady had […]
Posted inReal Estate + Housing
World Bank requests increased private sector participation in low-income housing projects
The World Bank has asked the Housing Ministry to encourage increased private sector participation in low-income housing projects before the bank signs off on a USD 500 mn loan for the ministry, Federation of Egyptian Industries’ real estate development division head Tarek Shawky tells Al Shorouk. Representatives from the bank, ministry, and division have held […]