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Romania and Egypt signed three agreements yesterday, including one on tourism promotion and another to scrap visa requirements for diplomats, the Associated Press reports. The agreements were signed during Foreign Minister Sameh Shoukry’s visit to Bucharest, where he discussed migrant flow and counter terrorism, with his Romanian counterpart Teodor Melescanu. This follows the announcement that […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt and Somalia agree to cooperate on agriculture
Egypt and Somalia signed an agreement that will see them cooperate on an agricultural and livestock project, reports All Africa. The agreement came during a meeting between Agriculture Minister Abdelmoneim Al Banna and his Somali counterpart Said Hussein. Egyptian experts will be heading to Somalia soon to inspect the 200 feddans allocated to the project. […]
Posted inDiplomacy + Foreign Trade
Non-oil imports drop 29% y-o-y in 1H2017
Egypt’s non-oil imports fell 29% y-o-y to USD 24 bn in 1H2017 from USD 33.9 bn last year, according to a General Organization for Import and Export Control report picked up by Al Shorouk. The first quarter saw a drop of 25% and the second 34% y-o-y. Imports from Arab nations saw the most significant […]
Posted inDiplomacy + Foreign Trade
Halawa to be allowed to return to Ireland after trial is concluded -Varadkar
President Abdel Fattah El Sisi assured Ireland’s Taoiseach Leo Varadkar that Ibrahim Halawa will be allowed to return to Ireland once his case comes to a close, the Irish Times reports, in a slightly different account of the conversation between the two than the one covered by the Egyptian media. The Irish Times’ editorial board […]
Posted inDiplomacy + Foreign Trade
El Sisi receives invitation to attend AU summit on Libya in Congo
Congo-Brazzaville’s president extended an official invitation to President Abdel Fattah El Sisi to attend the third African Union summit on Libya, which will kick off in the Congolese capital on 9 September, according to a Foreign Ministry statement.
Posted inEnergy
Electricity Ministry launches tender for 250 MW solar park
The Electricity Ministry launched a tender for a 250 MW solar power park in the Gulf of Suez on Monday, Amwal Al Ghad reports. The tender has garnered interest from six firms, whose offers are being looked at by the New and Renewable Energy Authority, authority Mohamed El Khayat said. No word has yet emerged […]
Posted inEnergy
Oil Ministry pushes more fuel in market ahead of Eid, school season
The Oil Ministry will be pushing 20% more fuel into the market ahead of Eid Al Adha and back-to-school season in September Al Masry Al Youm said on Tuesday. Roadside gas stations and airports will be receiving larger fuel rations than others. The ministry also plans to supply government warehouses with a daily 1 mn […]
Posted inBasic Materials + Commodities
GASC purchases 295k tonnes of Russian, Romanian wheat
The General Authority for Supply Commodities (GASC) purchased 295k tonnes of wheat yesterday, of which 235k tonnes came from Russia and 60k tonnes from Ukraine, Reuters reports. The lowest offer GASC received in the tender was USD 186.05 per tonne free-on-board (FOB) for 60k tonnes of Russian wheat, traders tell the newswire. The Ukrainian wheat […]
Posted inBasic Materials + Commodities
Supply Ministry to issue twice-monthly rice tenders
The Supply Ministry is planning to issue twice-monthly rice tenders as of next month to cover the needs of subsidy card holders, which surpass 70k tonnes per month, Minister Ali El Moselhy told reporters yesterday, according to Al Masry Al Youm.
Posted inBasic Materials + Commodities
South Valley Cement spent EGP 160.3 mn on second production line license
South Valley Cement spent EGP 160.3 mn to obtain a manufacturing license for its second production line, which it was awarded in an auction last year, the company said in an EGX filing. The company also completed two cement millsand plans to begin trial operations before year-end. We had noted earlier this week that Saudi […]