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Saudi Arabia temporarily bans imports of Egyptian guavas: Saudi Arabia issued yesterday a temporary ban on imports of fresh Egyptian guavas over concerns of high levels of residual pesticides, according to the Saudi Press Agency. The ban was issued after test results proved that shipments of Egyptian guavas contained “pesticide residues at a rate higher […]
Author Archives: enterpriseam admin
Posted inSpeed Round
North America-Far East shipping lines granted 50% discount on fees at Suez Canal ports
North America-Far East shipping lines granted 50% discount on fees at Suez Canal ports: Suez Canal Authority (SCA) Chairman Mohab Mamish issued a decision yesterday slashing port fees by 50% for ships traveling from North America to the Far East via Egypt, an unidentified source tells Al Mal. The discounts are applicable to long-haul cargo […]
Posted inSpeed Round
Capital Markets Act amendments to move to plenary session soon -Nasr
LEGISLATION WATCH- The House of Representatives’ Economics Committee is expected to finalize its review of the amended Capital Markets Act “soon” and pass it along for a plenary session vote, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal. The amended act is expected to bring a basket of new financial […]
Posted inSpeed Round
World Bank to join GERD talks as a neutral fourth party?
World Bank to join GERD talks as a neutral fourth party mediator? Egypt, Ethiopia, and Sudan could call on the World Bank to help mediate talks over the Grand Ethiopian Renaissance Dam (GERD), Foreign Minister Sameh Shoukry suggested during a visit to Addis Ababa yesterday. Discussions between the three countries recently reached an impasse after […]
Posted inSpeed Round
Veg oil reserves are enough to meet consumption for three months, sugar for five
Veg oil reserves are enough to meet consumption for three months, sugar for five: Egypt’s strategic vegetable oil reserves are enough to meet consumption needs for more than three months and those of sugar are equivalent to five months of consumption, the Supply Ministry announced yesterday, according to Reuters. “Egypt also has enough locally produced […]
Posted inSpeed Round
Ezzat Ibrahim appointed as Ahram Online’s editor-in-chief
MOVES- Al-Ahram journalist Ezzat Ibrahim has been appointed as Ahram Online’s new editor-in-chief, the paper reports. Ibrahim is the current editor-in-chief of Al-Ahram's print publication Ahram Weekly.
Posted inSpeed Round
EFG Hermes targets 1,000 MW in renewable energy output by 2020
Correction- Our friends at EFG Hermes got in touch to tell us they are targeting the production of 1,000 MW from renewable energy sources in Egypt by 2020, not 2,000 MW. The entry has been corrected on our website.
Posted inUncategorized
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Posted inImage of the Day
A quick lesson on the history of Egypt’s cigarette production
A quick lesson on the history of Egypt’s cigarette production: Kyriazi Frères was among the first cigarette manufacturing companies to be established in Egypt, according to Al Masry Al Youm. The company, founded by Greek brothers Ioannis, Efstathios, and Epaminondas Kyriazi back in 1873, expanded significantly over the years and began exporting to the Middle […]
Posted inEGYPT IN THE NEWS
British woman handed down prison sentence for smuggling opioids tops int’l coverage of Egypt
Topping coverage of Egypt in the international press this morning is 33-year-old British tourist Laura Plummer’s three-year prison sentence for smuggling illegal meds into the country. The court also fined Plummer EGP 100k. Plummer’s defense team said she would “appeal to have overturned or commuted,” Reuters reports. Britain’s Foreign and Commonwealth Office “will continue to […]