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The Suez Canal Fish Farming Company is looking to set up a EGP 200 mn feed plant by the end of the year, according to AMAY. The firm expects to sign agreements this month with foreign companies for the machinery and equipment needed to implement the project.
Author Archives: enterpriseam admin
Posted inManufacturing
Saudi’s KBW Investments looks to build LED light factory in Egypt
KBW Investments Chairman Saudi Prince Khaled Bin Alwaleed pitched the idea of an LED lights factory in Egypt to Prime Minister Sherif Ismail and Electricity Minister Mohamed Shaker on Thursday, according to a cabinet statement. The meeting explored the company exporting lamps to other African markets.
Posted inManufacturing
Minister Tarek Kabil inaugurates four new production lines in Alex
Trade and Industry Minister Tarek Kabil inaugurated four new production lines yesterday at two Alexandria factories, according to AMAY. At the Egyptian German Porcelain Company, Kabil saw the launch of the EGP 200 mn line that is expected to increase the company’s capacity to 20,000 tonnes a year from a current 15,000. The minister also […]
Posted inTourism
FTI and Thomas Cook to double weekly flights
FTI and Thomas Cook are doubling their weekly flights to Cairo starting November, CEO of Egypt agent Meeting Point, Ali Okda, tells Al Shorouk. The firms are looking to ramp weekly flights up to 144 from 70, but Sharm El Sheikh will remain off their destination lists for now.
Posted inTourism
Air Cairo relaunches lines from Denmark and Milan
The first flight from Denmark after a two-year pause touched down in Sharm El Sheikh on Friday,according to Al Shorouk. The Air Cairo flight carried 122 passengers and will now operate on a weekly basis. Air Cairo will also be relaunching weekly routes to Marsa Alam and Sharm El Sheikh from Milan on 29 October […]
Posted inTourism
Tourism promotion agreements signed in Italy
The Tourism Promotion Authority signed an agreement with the Italian Federation of Travel and Tourism Associations that will see the latter promote travel to Egypt through more than 1,000 agents, Al Shorouk reports. This comes as a tourism promotion campaign kicks off in Italy this week, featuring half-Egyptian AS Roma star Stephan El Shaarawy as […]
Posted inTourism
Egypt part of Marriott expansion into Africa
Marriott International renovated the Sheraton Cairo and the St. Regis Cairo as part of its plan to expand into Africa, the company announced in a press release. Marriott’s broader expansion plan sees over 200 hotels in the continent by 2022.
Posted inTelecoms + ICT
ECA dismisses rumors of monopoly conspiracies behind raising of prices on scratch cards
The Egyptian Competition Authority (ECA) believes that mobile network operators did not collude to raise prices on mobile scratch cards, ECA head Mona El Garf tells Youm7. She reiterated that the decision to raise prices on scratch cards by 36% came from the National Telecommunications Regulatory Authority and hence is does not meet criteria for […]
Posted inAutomotive + Transportation
Morocco to overtake Egypt as North Africa’s largest auto market
Morocco’s automotive market is set to surpass Egypt’s as North Africa’s largest by the end of the year, says a report from BMI. The report finds that Morocco’s market will stand at 169k units this year compared to Egypt’s 152k, with the gap widening even further by 2021.
Posted inAutomotive + Transportation
Uber and Careem ask for group transport licenses to add new public buses to their services
Ride-hailing apps Uber and Careem submitted requests to the Public Transport Authority asking for licenses to include a group transport option to their services, using the authority’s new WiFi-equipped buses, Al Borsa reports. The authority had signed a EGP 35 mn agreement with MAN-Kastour back in July to purchase 13 double-decker buses that will be […]