Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The European Bank for Reconstruction and Development (EBRD) has set up an office in Alexandria this week. “The EBRD is the first international financial institution in Egypt to establish a presence outside of the national capital. The Alexandria team will be working primarily on support for small businesses, building on the success of the EBRD’s […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
President El Sisi receives letters of credentials from 16 new ambassadors to Egypt
16 new ambassadors formally presented their credentials to President Abdel Fattah El Sisi yesterday, including Italian ambassador Giampaolo Cantini, according to an Ittihadiya statement. The other new ambassadors are: Argentina — Eduardo Antonio Varela Canada — Jess Dutton Comoros — Antoy Affandi Croatia — Tomislav Bošnjak Ecuador — Rafael Veintimilla Chiriboga France — Stéphane Romatet […]
Posted inEnergy
Elsewedy signs EGP 437.6 mn transmission line contract with EETC
Elsewedy Electric’s subsidiary, Elsewedy Electric for Trade & Distribution announced signing an agreement with the Egyptian Electricity Transmission Company for phases two and three of the Sharq AI Owainat transmission lines in the New Valley Governorate. The 200 km-long lines will be implemented as part of an EPC turnkey agreement worth a total of EGP […]
Posted inEnergy
MEEDCo planning to spend EGP 350 mn building 480 transformers this year
The Middle Egypt Electricity Distribution Company (MEEDCo) is planning to spend EGP 350 mn building 480 transformers in FY2017-18 as part of its EGP 600 mn plan to expand its distribution capacity to 3 GW by next summer, company head Medhat Foda tells Al Mal. Separately, it looks like people have been paying their bills, […]
Posted inEnergy
Electricity Minister meets with Hitachi delegation
Electricity Minister Mohamed Shaker met with a delegation from Japan’s Hitachi on Monday to discuss increased cooperation on investments,according to AMAY. While nothing firm came out of the meeting, the delegation expressed interest in contributing to the development and improvement of the national grid.
Posted inInfrastructure
Egyptian Ports and Dry Ports company tenders EGP 2 bn logistics center in Arqeen
The Egyptian Company for Ports and Dry Ports — a subsidiary of the General Authority for Ports and Dry Ports — issued a tender for companies to build and manage the EGP 2 bn Arqeen logistics zone and animal quarantine facility, Al Borsa reports. The tender, which went out last week, appears to have garnered […]
Posted inInfrastructure
Dry bulk terminal to be established in Adabiya Port by year’s end
A dry bulk terminal will be constructed at the Adabiya Port by year’s end, Suez Canal Economic Zone Vice President Mahfouz Taha said yesterday, Al Shorouk reports. The terminal will have a total capacity of 5.5 mn tonnes, according to Taha, who refrained from adding any more detail.
Posted inInfrastructure
Suez Canal Authority to sign agreement with Royal IHC for two new dredgers
Suez Canal Authority chief Mohab Mamish will sign an agreement today with the Dutch Royal IHC for the assembly of two new dredgers that will be added to the Canal’s fleet,according to Al Mal. Details on the value of the contract have yet to emerge.
Posted inBasic Materials + Commodities
Egypt's cotton exports up 22% this export season
Egypt’s cotton exports grew 22% this export season over last year’s, said the head of the Cotton Exporters Association Nabil El Sentarisi. 38,800 tonnes of cotton were exported, up from 32,000 tonnes last season, he tells Al Borsa. Cotton export season usually ends in August, but that was extended to 15 September to clear backlogged […]
Posted inBasic Materials + Commodities
Supply Ministry purchases 52,500 tonnes of sunflower, soy oil
The Supply Ministry purchased 30k tonnes of unrefined soy oil and 22.5k tonnes of unrefined sunflower oil for a total EGP 750 mn, Al Mal reports. The country’s strategic reserves of cooking oil are now sufficient to cover three months of consumption, according to the ministry.