Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Libyan military officials representing General Khalifa Haftar’s army and Fayez Al Serraj’s government concluded cooperation talks in Cairo yesterday, Ahram Online reports. The rivals reportedly agreed to end the current polarization within the Libyan military to ensure its efficacy as a national force. The talks were mediated by the government’s committee on Libyan affairs, which […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Kabil talks cooperation, investment with the EU at UfM meeting in Brussels
Kabil talks cooperation, investment with the EU at UfM meeting in Brussels: Trade and Industry Minister Tarek Kabil joined 43 trade ministers from member countries at the 10th edition of the Union for the Mediterranean (UfM) meeting in Brussels yesterday, during which he looked into cooperation and investment openings with the European Union, according to […]
Posted inInfrastructure
Schneider Electric, Seven Seas in talks with gov’t over new desalination plant
The Ismail Cabinet is in talks with France’s Schneider Electric and the US’ Seven Seas Water over the construction of new desalination plants, Al Borsa reports. Seven Seas will be responsible for arranging financing and selling processed water back to the government under a 20-year agreement, said Schneider Electric's Energy Director for North East Africa […]
Posted inHealth + Education
Ibnsina signs distribution agreement with Novo Nordisk
Ibnsina Pharma announced it signed two contracts with Novo Nordisk to distribute over 20 stock-keeping units of its diabetes care, haemophilia, and growth disorders products in Egypt. Ibnsina says it invested EGP 2 mn in additional warehousing facilities to deliver Novo Nordisk’s cold-chain products and that the investment is the first execution in our plan […]
Posted inHealth + Education
Gov’t suspends school meals in Menoufia after suspected food poisoning
The Education Ministry has suspended government-issued school meals across the Menoufia governorate after 43 students in one school suffered symptoms of food poisoning, Al Masry Al Youm reports. The Health Ministry has retrieved samples of the meals for testing and ensured that all students received medical attention, ministry official Alaa Eid tells Youm7. The government […]
Posted inReal Estate + Housing
Two real estate companies to invest a combined EGP 3.4 bn this year
Mena Group for Constructions and Trading is planning to invest EGP 3 bn in residential and touristism projects this year, Sales Manager Wael Salah El Din tells Al Borsa. Those include an EGP 2 bn residential and commercial project in Dokki — to be completed by 2022 — as well as a tourist beach compound […]
Posted inTourism
Egypt shifts UK tourists focus Hurghada instead of Sharm El Sheikh
Egypt has “thrown its full marketing weight behind Hurghada and aims to double UK visitor numbers to the resort” as the flight ban to Sharm El Sheikh remains, Travel Weekly reports. “The British market used to have a preference for Sharm rather than Hurghada. But this year our strategy is focussed on Hurghada,” says Amr […]
Posted inTourism
Hilton signs management contracts for two hotels in New Alamein City
Hilton signed yesterday contracts with the New Urban Communities Authority (NUCA) to manage two hotels that will be constructed in New Alamein City, Al Masry Al Youm reports. The hotels will have a combined total of 550 rooms. Hilton Worldwide has plans to add 1,000 hotel rooms in Egypt throughout the year and targets expanding […]
Posted inTourism
TUI to launch Cardiff-Hurghada flights in November
German airline TUI fly has announced it would launch a new direct route connecting Cardiff to Hurghada as of November 2018, according to Wales Online.
Posted inBanking + Finance
Auerback Grayson to partner with Switzerland’s Mirabaud Securities
Beltone Financial’s New York-based brokerage subsidiary Auerbach Grayson & Company announced that it has partnered with the brokerage business line of Swiss investment bank Mirabaud Group to provide US investors with greater access to Swiss equities, the firm said in a statement on Tuesday (pdf).