Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Electricity Minister Mohamed Shaker met yesterday with a World Bank delegation in town to discuss potential cooperation and funding of ongoing and future energy projects, according to a ministry statement. The World Bank is interested in contributing further to the field’s development and to private sector participation.
Author Archives: enterpriseam admin
Posted inInfrastructure
Damietta Port Authority receives four international offers for new container terminal
The Damietta Port Authority received four international offers for the development of a second container terminal at the Damietta Port, authority head Ayman Salah told Al Borsa on Tuesday. The bids came from France’s CMA CGM, Germany’s Hapag-Lloyd, United Arab Shipping Company, and China Harbor. The project was originally awarded to DIPCO in 2006, but […]
Posted inBasic Materials + Commodities
UAE to provide Dhs 8 mn to develop Egypt’s date industry
The UAE government plans to invest Dhs 8 mn (USD 2.18 mn) to develop Egypt’s date palm industry, Gulf News reports. The announcement comes ahead of the third annual Egyptian Date Palm Festival, which will be held in Siwa from 8-10 November.
Posted inBasic Materials + Commodities
Egypt has enough wheat to last until February
Egypt has 4.857 mn tonnes of wheat in its strategic wheat reserves, which is enough to last until February 2018, the Supply Ministry’s spokesperson told Reuters. The country targets buying around 7 mn tonnes of imported wheat in FY2017-18.
Posted inHealth + Education
Arrests for organ trafficking
Egyptian security forces reportedly arrested a group of 12 nurses, doctors, and other hospital workers on Tuesday on suspicions of organ trafficking, the AFP says. Our virtual ink had barely dried, as the arrests come one day after the Health Ministry vehemently denied Egypt was an organ-trafficking hub, as aGerman documentary had claimed.
Posted inHealth + Education
New meals for state run schools
The Education Ministry has revealed a plan to spend EGP 1.1 bn to revamp public school meals after thousands suffered food poisoning last year, Gulf News reports. The plan revolves mainly around removing processed cheese, the prime suspect in the poisonings. New meals will also be vetted by the Food Safety Authority.
Posted inTourism
Egypt has become one of TUI’s fastest growing markets-TUI
Egypt has become one of travel company TUI’s fastest growing markets, TUI CEO Fritz Joussen tells Bloomberg’s Christopher Jasper. This comes despite the UK ban that persists on flights to Sharm El Sheikh, revealing that Europeans will keep traveling normally despite terror threats and attacks, such as the most recent on Barcelona.
Posted inAutomotive + Transportation
Transport Ministry talks rail upgrades with H. Cegielski, Bombardier
Transport Minister Hisham Arafat discussed railway upgrades with a delegation from Poland’s H. Cegielski – Poznań S.A. and Bombardier’s Italian arm, Al Mal reports. Cegielski is reportedly looking to manufacture new locomotives locally and provide training for workers in the field. The project would be financed through a Polish government facility with a 25-year maturity, […]
Posted inBanking + Finance
NBE earns USD 12 bn from foreign exchange
The National Bank of Egypt has earned north of USD 12 bn from foreign exchange since 3 November, Vice Chairman Yahia Aboul Fotouh tells Daily News Egypt. This week saw the bank launch the first two branches of its foreign exchange bureau, Al-Ahli Exchange Company, with EGP 200 mn in issued capital and EGP 50 […]
Posted inLegislation + Policy
National Council for Childhood and Motherhood prepares bill to curb child marriage
The National Council for Childhood and Motherhood is preparing a draft law that aims to curb underage marriage, Deputy Health Minister Maisa Shawky said, Al Shorouk reports. The bill is largely focused on making it illegal for wedding officiants (ma’zouns) to allow underage girls to enter urfi (undocumented) marriages. No details were provided on the […]