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Portuguese FM meets with Nasr, Kabil, Shoukry: Portuguese Foreign Minister Augusto Silva discussed economic cooperation with Investment Minister Sahar Nasr and Trade and Industry Minister Tarek Kabil in Cairo yesterday, official statements from both ministries said. Both countries are looking to set up a joint business council and Silva said hinted at the possibility of […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Nasr meets with Romanian ambassador to talk implementation of MoUs
Investment Minister Sahar Nasr met with Romanian Ambassador Mihai Stefan to discuss the implementation of four MoUs signed in July, according to a ministry statement. The MoUs covered cooperation on investment, entrepreneurship, SMEs, agriculture and irrigation. Nasr also expressed Egypt’s interest in attracting Romanian investments in transportation and energy. Nasr also offered Romania a stake […]
Posted inDiplomacy + Foreign Trade
President receives Indian Minister for External Affairs
President Abdel Fattah El Sisi discussed increased cooperation with Indian External Affairs Minister Mobashar Akbar in Cairo yesterday, according to an Ittihadiya statement. The minister delivered a letter from Indian President Narendra Modi.
Posted inDiplomacy + Foreign Trade
Ibrahim Halawa released from jail after four years
Irish-Egyptian national Ibrahim Halawa was released from pretrial detention late on Thursday, after four years in jail pending a verdict in a mass trial, Reuters reports. Halawa, who was acquitted of all charges alongside his three sisters last month, will “likely be able to fly home by Monday,” Irish Foreign Minister Simon Coveney said. Human […]
Posted inInfrastructure
TDA not giving up on Ras Sudr airport
The Tourism Development Authority (TDA) appears to still want to push for an airport in Ras Sudr, after failing to drum up investor interest in the project earlier this month. The TDA will now hold a meeting with a number of investors associations and other stakeholders to gauge their views on the project, TDA head […]
Posted inBasic Materials + Commodities
Bahrain, Kuwait temporarily lift bans on Egyptian produce
Kuwait and Bahrain have temporarily lifted bans on importing fresh produce from Egypt, reports Egypt Today. Crops that have been banned for the last three months included bell peppers, lettuce, guava, and onions. Agriculture Minister Abdel Moniem El Banna said “Egyptian delegations held several meetings with the officials of both countries to discuss the country’s […]
Posted inBasic Materials + Commodities
Obour Land general assembly approved launching dairy operations
Cheesemaker Obour Land’s general assembly signed off on the company directly entering the dairy industry, according to a bourse filing picked up by Al Mal. The assembly also approved entering into partnerships with other companies in the sector. The decision was prompted by difficulties in securing milk for its manufacturing operation, the company had said […]
Posted inBasic Materials + Commodities
GASC purchases 230k tonnes of Russian wheat
The General Authority for Supply Commodities (GASC) purchased on Thursday 230k tonnes of milling wheat from three Russian suppliers, according to UkrAgroConsult. The shipments are scheduled to arrive between 1-10 December. The lowest price in the tender came from Russian trading firm Olam, which offered USD 198.35 per tonne free-on-board for 60k tonnes of wheat, […]
Posted inReal Estate + Housing
SECON signs interior finishing contracts worth EGP 350 mn
The Saudi Egyptian Construction Company (SECON) signed five contracts worth EGP 350 mn with local contractors for the interior finishings of 60 buildings at its New Cairo project Riyadh,CEO Darwish Hassanein told Al Borsa. SECON is planning on handing over 1,300 units from the project’s first and second phases by the end of 2018.
Posted inReal Estate + Housing
Redcon Construction target revenues of EGP 1.5 bn for the year
Redcon Construction are aiming for revenues of EGP 1.5 bn by the end of 2017,CEO Hossam Nassar told AMAY. The firm has already clocked in about EGP 1 bn and is looking ahead to 2018. Redcon has already been awarded contracts by SODIC as well as others for work on the new administrative capital and […]