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The Agriculture Ministry is looking to establish a EGP 250 mn cattle farm in Kafr El-Sheikh in order to boost domestic supply, Minister Abdel Moneim Al Banna said on Monday, reports AMAY. The Military Production Ministry is currently conducting technical studies for the project, from which the ministry expects to also create a dairy production […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Supply Ministry studying changes to system of selling subsidized goods
The Supply Ministry is studying changes to the system of subsidized food commodities that would require vendors to pay for the goods in advance, rather than after selling them to subsidy benefactors, ministry spokesperson Mamdouh Ramadan tells Ahram Gate. The ministry had imposed a similar regulation on subsidized bread bakeries as of this month.
Posted inReal Estate + Housing
Life Park to invest EGP 2 bn in 40 feddan solar power-operated compound
Life Park for Real Estate Investment is working on a EGP 2 bn compound in the Cairo suburb of Sheikh Zayed that will operate entirely on solar power, the company’s General Manager Alaa Eldin Fawzy tells Al Mal. The compound features commercial and residential units, and will include a treatment plant for potable water. The […]
Posted inReal Estate + Housing
NUCA divides Six October City into three smaller cities
The New Urban Communities Authority (NUCA) issued a decision to divide Six October City into three smaller cities in light of recent expansions saw it double in size, Al Borsa reports. The area will now be divided into October City, New October City, and October Gardens. The decision also included the establishment of three separate […]
Posted inTourism
Polish tour operators want Egypt to reopen tourism office in Warsaw
Polish tour operators are requesting that Egypt reopen its tourism office in Warsaw to cater to a rising demand for flights from the Polish capital, Al Shorouk reports. Operators told Tourism Promotion Authority (TPA) head Hisham El Demery, who is currently on a Europe tour, they would work on increasing bookings during the upcoming winter […]
Posted inAutomotive + Transportation
Is the gov’t struggling to fund its share of USD 1.25 bn electric railway line?
The Transport Ministry appears to be struggling to arrange USD 500 mn to fund the government’s expenditure on the USD 1.25 bn electric railway project linking Salam City to 10 October City signed with Chinese firm AVIC. The ministry is now in talks with the company is an effort to get it to finance its […]
Posted inOther Business News of Note
Kazyon wants to increase retail outlets to 415 by the end of 2018
Discount supermarket chain Kazyon plans to expand the number of stores it owns to 415 by the end of 2018, the company’s Head of Marketing Ismail Hafez tells Al Mal. the company plans to open 55 retail outlets this year, bringing the total number of stores in 2017 to 265. Hafez did not disclose how […]
Posted inLegislation + Policy
PM orders establishment of Supreme Committee for Legislative Reform
Prime Minister Sherif Ismail announced the forming of the Supreme Committee for Legislative Reform, according to Youm7. Details regarding the exact function of the committee are scarce at this point, but are told it will be housed in the Justice Ministry.
Posted inEgypt Politics + Economics
Two extradited from Kuwait
Kuwaiti authorities handed over to Egypt two alleged members of the Ikhwan yesterday, according to Youm7. It appears the two, who stand accused of murder, had been tried in absentia and sentenced to 10 years by a court in Sohag.
Posted inEgypt Politics + Economics
Pardon me?
President Abdel Fattah El Sisi issued the traditional decree authorizing pardons for some convicts to mark the occasion of Eid and Sixth October, reports Al Shorouk. Violent felons will not be eligible for pardon; a committee will decide who is eligible for amnesty.