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Proposed amendments to the Consumer Protection Act are a welcome step from the government to regulate the market and give citizens some measure of protection against price gouging, Hagag El Husseiny writes for Al Ahram. The amendments do not contradict the basic tenets of a free market where prices are determined by supply and demand, […]
Author Archives: enterpriseam admin
Posted inWorth watching
Egypt’s Thistlegorm wreck in a digital 3D tour
A team of archaeologists dove down to the Thistlegorm wreckage to create a 3D rendition of the site. Accompanied by a photogrammetry specialist, the group spent 13 hours trying to capture every angle of what has become one of the world’s most famous dive spots. This virtual tour really gets a full picture of the […]
Posted inDiplomacy + Foreign Trade
Sisi meets Iraqi PM, Australian Governor General
President Abdel Fattah El Sisi met with Iraqi Prime Minister Haider Al Abadi during his short stop in Cairo on Sunday to discuss bilateral ties and cooperation on fighting terrorism, an Ittihadiya statement said. Al Abadi, who visited Egypt as part of a regional tour that takes him to Jordan, Iran, Turkey, and Saudi Arabia, […]
Posted inDiplomacy + Foreign Trade
Sherif Ismail meets with US charge d'affaires
Prime Minister Sherif Ismail discussed strategic relations with US Charge d'affaires Thomas Goldberger on Sunday,according to a Cabinet statement.
Posted inDiplomacy + Foreign Trade
Qatar does not support Hamas-Fatah rapprochement
Qatar does not support the Egypt-sponsored rapprochement between Palestinian factions Hamas and Fatah, Hamas leader Yahya Sinwar said, according to Al Arabiya. “Asked whether it’s possible for Hamas to communicate with Qatar to pay the wages of its employees in Gaza until a judicial committee agreed on in Cairo is created, Sinwar said: ‘Qatar is […]
Posted inDiplomacy + Foreign Trade
Swiss economy minister to head business delegation visit to Egypt in November
Switzerland’s economy minister will be heading a business delegation to Egypt in November to explore potential investment, Swiss ambassador Paul Garnier told Investment Minister Sahar Nasr yesterday, according to Al Ahram. Swiss investors are particularly interested in the fields of waste recycling, electronics and medical equipment manufacturing, fish farming, and Suez Canal development projects.
Posted inDiplomacy + Foreign Trade
Foreign Ministry stresses respect for the constitution in Spanish crisis
Spanish and Catalan authorities should revert to the constitution to settle their differences, Egypt’s Foreign Ministrysaid in a statement yesterday.The statement followed an escalation of tensions over Catalonia’s independence from Spain, after Spanish Prime Minister Mariano Rajoy decided on Saturday that he would seek parliamentary approval to reshuffle the entire Catalan government. Catalonia’s parliament will […]
Posted inEnergy
Oil Minister meets with CEO of Apex
Oil Minister Tarek El Molla met with Apex International Energy CEO, Roger Plank, in Cairo yesterday to discuss ongoing work at the company’s West Badr El Din and South East Meleha concessions, according to Al Mal. Apex had said in August that it would invest USD 45.9 mn in the two Western Desert exploration projects.
Posted inAgriculture + Commodities
UAE lifts ban on Egyptian agricultural product imports
The Agriculture Ministry says the UAE has agreed to lift its ban on importing Egyptian produce, according to Reuters. “A ban on Egyptian strawberries imposed by Saudi Arabia was also lifted about a month ago after a Saudi delegation visited Cairo,” Agriculture Ministry spokesman Hamid Abdel Dayem said on Sunday. We had reported yesterday on […]
Posted inManufacturing
Dakahlia Group is looking to invest EGP 755 mn through end of 2018
The Dakahlia Group is looking to pump EGP 755 mn-worth of new investments through to the end of 2018,Chairman Mahmoud Al Anani tells Al Mal. The company is looking to upgrade and expand production capacities across its three main areas of business; agricultural development, poultry, and feed production. A EGP 500 mn feed factory in […]