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Six new platforms at the East Port Said Port will be completed by next year, Suez Canal Economic Zone (SCZone) Vice President Abdel Kader Darwish told members of the House Economics Committee yesterday, Al Mal reports.
Author Archives: enterpriseam admin
Posted inInfrastructure
SCZone, EGPC to launch new company to service ships
The Suez Canal Economic Zone (SCZone) and the Egyptian General Petroleum Corporation (EGPC) are launching a new company to service ships in the East Port Said Port, in cooperation with the Port Said Shipping Chamber and the private sector, Al Borsa reports. President Abdel Fattah El Sisi gave SCZone head Mohab Mamish the green light […]
Posted inBasic Materials + Commodities
Loesche to supply Egyptian Cement with three VRMs
Egyptian Cement contracted Loesche to provide three vertical roller mills for its Sohag plant, Loesche announced. Loesche will deliver a raw material mill with a capacity of 540 t/h of cement raw meal, a cement mill with an output of 350 t/h of clinker as well as a coal mill with an output of 45 […]
Posted inManufacturing
Kabil inaugurates EGP 150 mn expansion of water filtration systems plant
Trade and Industry Minister Tarek Kabil inaugurated the EGP 150 mn expansion of the Aqua Chiara plant in Six October on Tuesday, according to an official ministry statement. The plant produces and assembles water filtration systems.
Posted inReal Estate + Housing
Housing Ministry begins setting compensation rates for contractors
The Housing Ministry has begun setting up rates by which it will compensate contractors for losses incurred after the EGP float, sources tell Al Borsa. Contractors will receive compensation between 15-60% of the size of the contracts depending on the project, equipment used and the whether any of the materials had been imported. We had […]
Posted inReal Estate + Housing
NUCA to establish company to manage development of new cities
The New Urban Communities Authority (NUCA) will establish a EGP 10 mn company to manage the development of new cities, said Housing Minister Moustafa Madbouly. He added that the administration and management structure has been set, according to Al Borsa.
Posted inLegislation + Policy
Islamic bank executives meet with central bank committee drafting Banking Act to discuss suggestions
Executives from Islamic banks operating in the market met over the last few weeks with the central bank committee drafting the new Banking Act to discuss their input on the bill, sources close to the matter tell Al Borsa. The group proposed an additional six articles to the law that mean to regulate Islamic banking […]
Posted inLegislation + Policy
House Transport Committee gives preliminary nod to loans for Alexandria tram project, GE agreement
The House Transport Committee gave preliminary approval yesterday to a EUR 100 mn loan from the French Development Agency for the EUR 360 mn Alexandria tram project, as well as the Egyptian National Railways’ (ENR) EUR 290 mn loan from the European Bank for Reconstruction for the purchase of 100 new locomotives. The committee is […]
Posted inLegislation + Policy
House Manpower Committee to discuss Social Welfare Act despite not receiving it from gov’t
The House Manpower Committee will press ahead with its discussion on the Social Welfare Act whether or not they receive it from Cabinet, deputy chair Mohamed Wahab Allah said yesterday, Al Shorouk reports. Wahab Allah says his committee has been waiting for the law for over a year.
Posted inNational Security
Cairo governor asks district chiefs to install cameras in public buildings
Cairo Governor Atef Abdel Hamid asked district heads to enforce a decision that makes it mandatory for public buildings and facilities to install surveillance cameras, according to AMAY. That includes schools, churches, mosques, and government buildings.