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Yokogawa Electric Corporation announced this morning that its subsidiary, Yokogawa Middle East & Africa, received an order from the state-owned Egyptian Natural Gas Company (GASCO) — operator of the country’s national gas grid — to supply a gas pipeline management and control system, according to a company press release.
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Food export council aiming to increase exports by 10% this year
The Food Export Council (FEC) is looking to increase exports by 10% in 2018, up from 3% last year, council chairman Hani Berzi tells Al Borsa. He expects these targets to increase as Egyptian food manufacturers continue to build up production capacities.
Posted inBasic Materials + Commodities
JTI launches Camel cigarettes in Egypt
Japan Tobacco International (JTI) announced it is launching two variations of Camel-branded cigarettes in Egypt. JTI says it aims to increase its market share in all price segments.
Posted inManufacturing
El Araby breaks ground on USD 500 mn oven factory with Bertazzoni
El Araby Group has broken ground on a EGP 500 mn stove factory in partnership with Italy’s Bertazzoni, according to AMAY. The 27k sqm factory is in Qalyubia has the capacity to produce 500k units per year. Bertazzoni had announced that it was investing EUR 55 mn in the factory back in the summer of […]
Posted inHealth + Education
FEI warns Health Ministry against arbitrary closure of private hospitals
The Federation of Industries’ healthcare division issued yesterday a warning to the Health Ministry against the arbitrary closure of private hospitals, Al Borsa reports. Unjustified closures negatively affect private sector hospitals’ reputation and investment in the sector, the division said in a statement. It adds that the ministry is legally required to grant hospitals a […]
Posted inReal Estate + Housing
NACCUD to issue tender for Phase 1 residential development in March
The New Administrative Capital Company for Urban Development (NACCUD) will issue a tender for Phase 1 development of residential blocks in the new capital in March, company chairman Ahmed Zaki Abdeen tells Al Borsa. The New Urban Communities Authority will decide then, which of the 25,000 homes in the first phase will be included in […]
Posted inTourism
Local tourism operators want protection from the ECA from foreign companies
Local tourism operators are apparently planning on pushing for protections from competition from foreign operators after the government abandoned plans to set minimum prices on hotels. A number of them complained at a meeting with the Egyptian Competition Authority (ECA) last week that foreign companies receive benefits which they do not, going so far as […]
Posted inTourism
Public Enterprises Ministry planning to develop historic hotels with private sector
Public Enterprises Minister Khaled Badawy has met with the head of the Egyptian General Company for Tourism and Hotels (EGOTH) Mirvat Hataba to discuss the development of the country’s historic hotels in cooperation with the private sector, Ahram Gate reports.
Posted inTourism
Greco Roman museum renovations underway
Renovation work resumed on the Greco-Roman museum in Alexandria on Saturday after being halted in 2011, Assistant Antiquities Minister Hesham Samir Ibrahim told AMAY. The renovation is part of a broader government mandate that allocated EGP 1.25 bn towards upgrading eight national archaeological projects.
Posted inTelecoms + ICT
MNOs begin phasing out sales of new lines through distributors
Vodafone Egypt, Orange Misr, and Etisalat Mist have begun limiting the number of new phone lines sold through third-party distributors as per regulations set out this month by the National Telecommunications Regulatory Authority (NTRA), sources tell Al Borsa. The NTRA had limited sales through distributors to around 50 new lines per distributor until March, after […]