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Polish bn’aire Roman Karkosik will be heading a delegation to Egypt from 24-27 February to meet with the ministers of trade, transport, and military production, according to Youm7. Potential projects include an auto parts plant, a plastic recycling facility, and engine oil and superstructure materials plants.
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
CENTCOM commander meets with El Sisi, Sobhy, Farid
US Central Command (CENTCOM) Commander Joseph L. Votel met on Thursday with Defense Minister Sedki Sobhy and military Chief of Staff Mohamed Farid to discuss joint military exercises, including Bright Star, according to an Armed Forces statement. Votel also sat down with President Abdel Fattah El Sisi (pdf).
Posted inDiplomacy + Foreign Trade
AfDB, Egypt pushing for innovative cooperation between African countries to build a “new Africa”
The African Development Bank (AfDB) and Egypt are “championing a new push for African countries to work together towards building a new Africa driven by innovation and technology,” AfDB said in a release.
Posted inDiplomacy + Foreign Trade
Qatar asks Middle Eastern countries to form EU-style security pact
Qatar wants to see Middle Eastern countries resolve their differences and form a security pact “modeled on the EU,” Sheikh bin Hamad Al Thani said on Friday, Reuters reports.
Posted inDiplomacy + Foreign Trade
Shoukry meets Lockheed Martin Chairperson, various diplomats in Munich
Foreign Minister Sameh Shoukry met with F-16 manufacturer Lockheed Martin’s Chairperson Marillyn Hewson in Munich yesterday to discuss further aerospace cooperation. Shoukry also met with his Belarusian counterpart Vladimir Makei to discuss preparations for an MoU on ICT cooperation. Shoukry discussed ways to revive Palestinian peace talks with UN Secretary General Antonio Guterres, according to […]
Posted inEnergy
EETC to receive offers for 200 MW Kom Ombo solar power plant next month
The Egyptian Electricity Transmission Company (EETC) will begin receiving offers for the 200 MW solar power plant in Kom Ombo next month, sources tell Al Borsa. The bidding window was pushed several times to allow the Electricity Ministry time to agree on the feed-in tariff for the project, they add. Orascom Construction, ACWA Power, and […]
Posted inBasic Materials + Commodities
Hero Foods looking to increase exports 20% in 2018
Hero Foods is looking to increase its exports 20% this year to EGP 420 mn, up from EGP 350 mn last year, Al Borsa reports. The company plans to tap into new export markets, including Nigeria, Côte d’Ivoire, and Libya throughout the year, export manager Wessam Samir says. Hero is also planning to add a […]
Posted inBasic Materials + Commodities
Abu Auf to invest EGP 30 mn to increase packaged dates production
Samo Trading Company is planning to invest EGP 30 mn this year to increase the production of its packaged dates brand Abu Auf, Al Borsa reports. The company is looking to boost its packaged dates exports and tap into new markets, including Latin America and the EU.
Posted inBasic Materials + Commodities
Agriculture Ministry expects 16% y-o-y increase in this year’s wheat harvest
The Agriculture Ministry is forecasting a 16% y-o-y increase in this year’s wheat harvest to 9.8 mn tonnes, up from 8.4 mn tonnes last year, ministry sources tell Al Borsa.
Posted inManufacturing
EBRD lends Angel Yeast Egypt USD 52 mn
The European Bank for Reconstruction and Development (EBRD) announced lending Angel Yeast Egypt USD 52 mn. The company, a global yeast manufacturer, is the Egyptian subsidiary of China’s Angel Yeast Co. “The loan will enable Angel Yeast Egypt to increase production of dry yeast, which is mainly exported, and to launch a yeast extract, a […]