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The Trade and Industry Ministry will not impose anti-dumping duties on steel imported from Belgium and China, according to a statement from the ministry. The ministry found that the imports do not impact the local market and that the fee would affect the competitiveness of Egypt’s electrical appliances abroad. The ministry also extended export tariffs […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt, PSA jumpstart talks to manage container terminal in East Port Said
Egypt has re-opened talks with Singapore’s port operator PSA to manage and operate a container terminal in East Port Said, after negotiations reportedly floundered over the past two years, said Suez Canal Economic Zone (SCZone) Chairman Mohab Mamish. PSA had signed an MoU back in 2015 to manage the terminal. Mamish, who was in Singapore […]
Posted inEnergy
Gaza powers up third generator thanks to increased fuel supplies from Egypt
Gaza has brought a third generator at a power plant online after Egypt provided increased fuel supplies, according to Al Mal. Gaza’s electricity crisis has been ongoing as a result of the Israeli government’s restrictions on supplies getting into the area.
Posted inInfrastructure
Beni Suef governor discusses cooperation on sewage project with Korean company
Beni Suef governor Sherif Habib met with a representative from an unnamed Korean company to discuss potential cooperation on wastewater and sewage projects in the governorate’s villages, Ahram Gate reports.
Posted inBasic Materials + Commodities
Egypt purchases 35k tonnes of soybean oil in EGP tender
The General Authority for Supply Commodities (GASC) purchased 35k tonnes of soybean oil from Cargill and Alex Seeds at EGP 14,580 a tonne, Reuters' Arab service reports. GASC had said last month it would begin accepting EGP bids in its soybean oil tenders. The shipments are set to be delivered between 15 and 30 October.
Posted inManufacturing
Production resumes at Sidpec after last month’s fire
Production at Sidi Kerir Petrochemicals Company (Sidpec) resumed last week following a fire last month at the company’s ethylene production plant, an Oil Ministry statement said. The ethylene and polyethylene manufacturing plants are now operating at full capacity. Safety systems at the company are now being reviewed.
Posted inHealth + Education
Supreme Council of Pre-University Education issues 15 decisions to reform public education
The Supreme Council of Pre-University Education issued 15 decisions to reform primary and secondary education, including making non-English foreign languages optional for middle school students and changing computer studies and art education to pass/fail subjects that do not affect students’ GPAs, Ahram Gate reports. The council also ordered the development of technical schools’ curricula to […]
Posted inReal Estate + Housing
ECC branching into real estate
The Egyptian Contracting Company (Moukhtar Ibrahim) will begin developing its first project in Obour in October with investments close to EGP 800 mn, reports AMAY. The 55k sqm project is expected to be complete in three years’ time and comes as part of the firm’s strategy to exploit its existing land bank and diversify its […]
Posted inReal Estate + Housing
Abraj Misr signs EGP 600 mn funding agreement with Gulf investor
Abraj Misr recently signed a EGP 600 mn funding agreement with an unnamed Gulf investor for its The Gate residential compound project in Heliopolis, Chairman Ali Rabie tells Al Masry Al Youm. The funding agreement allowed the company to halt loan negotiations with banks, whose interest rates Rabie said would be too high in light […]
Posted inTourism
TPA delegation to promote Egypt tourism in Germany next month
A Tourism Promotion Authority (TPA) delegation will be heading to Germany between 12-15 September to market the ‘Egypt: Summer All Year Round’ campaign, Al Shorouk reports. The delegation will visit Berlin, Frankfurt, Leipzig, and Nuremberg in the hopes of boosting winter time travel to Egypt.