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The Upper Egypt Electricity Distribution Company (UEEDC) has awarded four local companies six contracts worth a collective EGP 1 bn, an Electricity Ministry source tells Al Mal. Kahromecha, Elsewedy Electric, Giza Cables Industries, and Arab Contractors, who will sign the contracts for their respective projects next month, will be asked to develop and expand low- […]
Author Archives: enterpriseam admin
Posted inEnergy
Electricity Ministry to tender new solar projects in May, says Shaker
The Electricity Ministry is gearing up to tender solar power plants with a combined production capacity of 150 MW in May, Minister Mohamed Shaker tells Al Borsa. The tenders will be issued in several phases, according to Shaker.
Posted inBasic Materials + Commodities
Government to purchase over 4 mn tonnes of local wheat this year
The government is planning to purchase over 4 mn tonnes of wheat from local farmers this year, Supply Ministry spokesperson Mamdouh Ramadan tells Reuters’ Arabic service. The government is prepared to purchase however much farmers will be willing to sell, Ramadan said, adding that the Ismail Cabinet will announce the price of local wheat for […]
Posted inBasic Materials + Commodities
Turkey’s BIM to increase Egypt capital by USD 7.4 mn
Turkish discount supermarket operator BIM has decided to increase the share capital of Egypt-based unit BIM Stores by USD 7.4 mn, according to Reuters. The increase will be paid in cash, the newswire notes. No additional detail was provided. BIM had announced last July that it was planning to increase its number of retail outlets […]
Posted inManufacturing
Eastern Company signs with Mansour Int’l to manufacture ‘West’ cigarettes
Eastern Company has signed a five-year agreement with Mansour International Distribution Co. to jointly manufacture “West” cigarettes in Egypt, according to a company statement to EGX.
Posted inHealth + Education
Gov’t has spent EGP 3 bn on scientific research, says El Sisi
The government has spent nearly EGP 3 bn on supporting scientific research over the past four years, President Abdel Fattah El Sisi said on Thursday, an Ittihadiya statement reads. El Sisi had announced earlier last week that he is planning to launch a 14-year program to overhaul the country’s educational system and raise its international […]
Posted inTourism
EgyptAir offers up to 50% discount on first flight to Moscow in more than two years
EgyptAir is offering discounts on its first direct flight to Moscow in over two years next month, the company announced in a statement. The offer, which expires 29 March, includes a 50% discount on business class, and a 35% discount on economy class tickets. The national carrier had announced it would begin operating three weekly […]
Posted inTourism
Gov’t plans to issue special medical tourism visas
The government is working to begin issuing new visas specifically for medical tourism, Egypt Today reports. The visas, which the Civil Aviation and Foreign Affairs ministries are currently working on, would be available to citizens of 15 Arab and African countries in their first phase, according to Supreme Medical Tourism Committee Secretary General Ayman Abdel […]
Posted inTourism
Swansea Egyptologist discovers rare depiction of Hatshepsut
An Egyptian artwork that had remained in storage at Swansea University's Egypt Centre for over forty years has been identified as an extremely rare depiction of Hatshepsut, one of just five women known to have ruled ancient Egypt, according to Science Daily. The sculpture was discovered by Egyptology lecturer Ken Griffin during a routine student […]
Posted inAutomotive + Transportation
Four players to invest EGP 417 mn in new service centers and showrooms
Four auto players intend to invest a collective EGP 417 mn in new service centers and showrooms, Al Mal reports. Ezz El-Arab Automotive Group is planning to allocate EGP 100 mn this year to establishing new service centers in Cairo and Alexandria, the company’s chairman tells the newspaper, as he expects auto sales to climb […]