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N-Gage Consulting published a guide (PDF) on the Egypt-Mercosur preferential freetrade agreement. The report looks at the agreement itself, its provisions and key articles, as well as analysis on how relevant it is to Egypt.
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt always focused on regional stability, Iran’s remarks raise questions -MFA
Iran’s statements on Egypt’s role in the region are raising questions and concerns, Foreign Affairs Ministry Spokesperson Ahmed Abu Zeid said. Egypt has always seen regional stability as the cornerstone of its foreign policy and always called for respecting its neighbours’ rights and sovereignty. Abu Zeid’s remarks came after Iranian Foreign Ministry spokesman Bahram Qasim […]
Posted inDiplomacy + Foreign Trade
Shoukry speaks to Greek PM and FM, Palestinian and Iraqi FMs
Foreign Minister Sameh Shoukry met with Greek Prime Minister Alexis Tsipras and his counterpart Niko Kotzias in Athens yesterday to discuss cooperation on regional security, as well as tripartite cooperation with Cyprus. Shoukry also discussed ongoing Palestinian national reconciliation efforts with counterpart Riad Malki, on the sidelines of a conference on religious and cultural pluralism […]
Posted inDiplomacy + Foreign Trade
EU’s Regional Policy Commissioner talks business cooperation with Federation of Chambers of Commerce
EU Regional Policy Commissioner Johannes Hahn discussed increasing investments and business cooperation between Egypt and Europe in a meeting with the Federation of Egyptian Chambers of Commerce, Ahram Gate reports.
Posted inEnergy
Electricity Holding Company inks loan agreement with JICA
The Electricity Holding Company signed a JPY 10.7 bn (c. USD 94 mn) loan agreement with the Japan International Cooperation Agency (JICA) to fund power distribution development projects, sources tell Al Borsa. The first of three loan tranches will be disbursed next week and funds will be used to install remote-controlled operating systems at the […]
Posted inEnergy
GE complete work on connecting station
General Electric (GE) completed work on a transformer station that connects Badr City to the national grid,according to Al Borsa. The station carries a capacity of 500 KV and will contribute to the 1,300 km Egypt-Saudi interconnection project. The Badr station will eventually produce 1.5 GW, good for 50% of the city’s power needs.
Posted inEnergy
Oil Ministry expects 4% annual increase in petroleum product consumption until FY2019-20
The Oil Ministry expects local consumption of petroleum products to increase to an annual 4% until FY2019-20, Al Shorouk reports. Consumption is forecasted to reach 7.76 mn tonnes during the upcoming fiscal year, up from 7.46 mn tonnes this year, and will reach approximately 8 mn tonnes in FY2019-20, according to the ministry. Meanwhile, Egypt’s […]
Posted inEnergy
El Molla discusses cooperation with France on oil and gas projects
Oil Minister Tarek El Molla met yesterday with French Deputy Minister for Economic Affairs, Jacques De Lajugie, and France’s ambassador in Cairo Stéphane Romatet to discuss potential cooperation on oil and gas projects in Egypt, Al Shorouk reports.
Posted inBasic Materials + Commodities
Jordan agrees to lift ban on Egyptian potatoes
Jordan has lifted a ban on imports of Egyptian potatoes, the Agriculture Ministry said, according to Reuters. The ban was imposed more than a year ago over concerns of brown rot. Bahrain, Kuwait, and the UAE all agreed this month to lift bans on Egyptian agricultural imports, like lettuce and onions, that had been put […]
Posted inManufacturing
Cairo Cotton Group looks for foreign partner in new production line
Cairo Cotton Group is in negotiations with a foreign firm to partner in its new EGP 400 mn denim production line, the head of their subsidiary T&C Garments, Magdy Tolba, tells Al Borsa. The company wishes to carry 33.5% of the line’s cost, with the partner covering 66.5%. It aims to start production before the […]