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Cyprus has lodged a formal protest with the UN against what it calls repeated “Turkish violations” of its airspace and maritime territory, Cyprus Mail reports. “Turkey’s actions are clearly aimed at undermining the sovereignty of the Republic of Cyprus...Additionally, Turkey continues to systematically harass civilian and military aircraft within the Nicosia flight information region via […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
El Sisi receives letters of credentials from 11 ambassadors
11 new ambassadors present credentials: President Abdel Fattah El Sisi received letters of credentials from 11 new ambassadors to Egypt on Thursday, according to an Ittihadiya statement. The list of appointments is as follows: Burkina Faso - Alasan Monet Congo - Acolafa Mvola Salastan Lebanon - Ali Hassan Al Halaby Libya - Mohamed Abdel Aziz […]
Posted inDiplomacy + Foreign Trade
Sudan’s ambassador to return, security delegation in Gaza, Egypt elected vice-chair of UN disarmament body
BRIEFLY NOTED- Among the small handful of blurbs worthy of note this morning: Sudan’s ambassador to Egypt Abdel Mahmoud Abdel Halim will return to Cairo “within days” to resume his duties Sudan’s Foreign Minister Ibrahim Ghandour said, Ahram Online reports. Abdel Halim was recalled a month ago. Al Arabiya also has the story. An Egyptian […]
Posted inInfrastructure
Damietta Port in talks for USD 305 mn to finance second container terminal
The Damietta Port Authority is in talks with local banks and international financiers for a USD 305 mn loan needed for the establishment of its second container terminal, sources tell Al Mal. The banks include NBE, CIB, QNB, and AAIB, while the international financiers include EBRD, IFC, and JICA. The Authority is looking to establish […]
Posted inInfrastructure
Saudi Nesma Holding considers projects in Alexandria
A delegation from Saudi Arabia’s Nesma Holding met with representatives of the Alexandria Port Authority to discuss the possibility of investment in port logistics and maritime transport projects in Alexandria and Dekheila, port director Medhat Atiyya tells Al Mal.
Posted inBasic Materials + Commodities
NBE looks into arranging a USD 400 mn loan for Al Canal Sugar factory
The National Bank of Egypt is studying arranging a USD 400 mn loan to finance the establishment of the Saudi Al Ghurair Group’s USD 1 bn Al Canal sugar beet processing factory in Minya, unnamed banking sources tell Al Shorouk. First Abu Dhabi Bank, the Arab African International Bank, Qatar National Bank, CIB, and Union […]
Posted inBasic Materials + Commodities
Juhayna plans to tap into new export markets in Middle East and Africa this year
Juhayna hopes to start exporting to Palestine, Iraq, Libya, Jordan, Lebanon, and Ethiopia this year as part of its plan to double its exports, CEO Seif Thabet tells Al Shorouk. Exports currently make up around 6% of Juhayna’s sales, Thabet added.
Posted inBasic Materials + Commodities
More crops added to Agriculture Ministry’s export rolls
The Agricultural Export Council has added guava and pomegranates on the list of crops approved for exports, council sources tell Al Borsa. Companies seeking approval can register starting early March for guava and 15 April for pomegranate.
Posted inManufacturing
You can apply for an industrial permit online from March
The Industrial Development Authority (IDA) will allow companies looking to obtain permits and licenses to apply online starting from mid-March, IDA sources told Youm7 on Sunday. The IDA is also working on a mobile phone app for its services as part of its e-government drive, the source added.
Posted inManufacturing
500 factories with ready licenses for SMEs next month
The Trade and Industry Ministry is bringing 500 factories with ready licenses online for SMEs next month, according to Al Borsa. The factories will be zoned in the industrial areas of Badr City, Sadat City and Port Said, said Minister Tarek Kabil.