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Cairo hosted yesterday the third round of talks between Egyptian and US officials on the Trade and Investment Framework Agreements (TIFA), Al Shorouk reports. A delegation led by Assistant US Trade Representative for Europe and the Middle East Daniel Mullaney reportedly with Trade and Industry Minister Tarek Kabil yesterday to hammer out the details of […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
New African FTA by July?
New African FTA? Trade and Industry Minister Tarek Kabil said yesterday that African countries are exploring establishing a continental freetrade area by next July. The issue came up during Kabil’s talks with the African Union’s Trade and Industry Commissioner Albert Muchanga in Cairo earlier this week, Al Ahram reports.
Posted inDiplomacy + Foreign Trade
Korean business community eyeing investments in SCZone, says Korea-Egypt Business Council chairman
Korean businessmen are interested in investing in Egypt, particularly in the Suez Canal Economic Zone, Chairman of the Korean side of the Korea-Egypt Business Council Myeong Su Huh said, Al Masry Al Youm reports. The council is hoping to bring investors together from both sides to enhance trade relations across different industries, council head Raouf […]
Posted inDiplomacy + Foreign Trade
Cairo Chamber of Commerce to host Moroccan Chamber of Commerce 14 Dec
A delegation from the Moroccan Chamber of Commerce will be visiting their Egyptian counterparts on 14 December to discuss ways to boost cooperation on trade and investment, Al Masry Al Youm reports. The delegation will include players from the food, building materials, and wood industries.
Posted inDiplomacy + Foreign Trade
Belarusian-Egyptian business forum underway
The Belarusian-Egyptian business forum for wood processing companies and furniture makers kicked off yesterday in Cairo, according to BelTA. Industry players from both countries came together to discuss ways to boost trade and cooperation. The visiting Belarusian delegation will also talk about its potential involvement in Damietta’s Furniture City.
Posted inDiplomacy + Foreign Trade
E-SICO signs agreement to transfer Qualcomm technology to their factories
The Egyptian Silicon Industries Company (E-SICO) signed an agreement with Qualcomm on Monday that will allow it to use the US telco’s latest patented technology at their new factory, according to the State Information Service.
Posted inEnergy
Giza Systems awarded USD 25 mn EEHC contract to develop infrastructure for smart meters
The Egyptian Electricity Holding Company (EEHC) awarded IT solutions provider Giza Systems a USD 25 mn contract to develop infrastructure and network systems for the new smart electricity meters, sources from the EEHC tell Al Borsa. The project will take 12 months to complete from the day contracts are signed, which should happen sometime this […]
Posted inEnergy
El Molla discusses east Mediterranean-Europe gas pipelines with EU Energy Commissioner
Oil Minister Tarek El Molla discussed increasing energy cooperation with EU Energy Commissioner Miguel Arias Cañete in Brussels yesterday, Al Masry Al Youm reports. Talks included the potential extension of natural gas pipelines between Egypt and Europe, which would see gas sent to liquefaction plants in Egypt before it’s re-exported. Cañete said he would lead […]
Posted inEnergy
Test production on Atoll gasfield begins
Test production at BP’s Atoll offshore gas field began on Tuesday at0 300 mcf/d, Oil Minister Tarek El Molla told Reuters yesterday. Actual production on the 1.5 tcf would begin in the third week of December, El Molla said.
Posted inInfrastructure
Damietta Port taps PwC to conduct feasibility studies for new container terminal project
Damietta Port officials have tapped global consultancy firm PricewaterhouseCoopers to conduct feasibility studies for the construction of a second container terminal at the facility, which they are looking to have the EBRD finance. Port Chairman Ayman Salah met with a delegation from PwC yesterday to discuss their draft report on the project, Al Mal reports. […]