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Local sheet metal manufacturers are unable to meet the needs electrical appliance factories, says Bahaa Dimitri, a member of the Federation of Egyptian Industries’ engineering industries division, according to Ahram Gate. Sheet metal factories have not made deliveries in five months, which is hurting industry, since their product makes up 80% of the input needed […]
Author Archives: enterpriseam admin
Posted inHealth + Education
British Council presents funding opportunities under Newton-Mosharafa Fund
There are new funding opportunities for researchers in Egypt under the Newton-Mosharafa Fund. The British Council announced opening a new call for applications under the Newton Institutional Links program, offering grants of up to GBP 50-300k. The program — which “is designed to establish links beyond the level of the individual researcher and innovation practitioner, […]
Posted inTelecoms + ICT
Xiaomi unveils two phones for the Egyptian market
Chinese electronics firm Xiaomi has partnered up with the Egypt’s Al Safy to distribute its newest line of smartphones in the local Market, according to Trade Arabia. The phones range from EGP 4,999 to EGP 7,999.
Posted inEgypt Politics + Economics
Egypt’s reforms will prove decisive for sovereign credit rating profile
“Egypt's efforts to improve the nation's business environment and enhance the credibility of its economic policy will prove decisive for its sovereign credit profile,” says Ali Janoudi, a regional head at UBS Wealth Management, according to Trade Arabia. Michael Bolliger, head of Emerging Market Asset Allocation at UBS Wealth Management's Chief Investment Office adds that […]
Posted inEgypt Politics + Economics
Importers want grace period to comply with Import Registry Act extended
The importers division of the Federation of Egyptian Industries is requesting that the government extend the grace period to comply with amendments to the Importers Registry Act, which tightens controls on importers, Al Mal reports. Importers want the six-month grace period, which expires in September, to be extended until December, saying that they are finding […]
Posted inEgypt Politics + Economics
Is parliament’s majority bloc cooking up a cabinet reshuffle?
Egypt’s parliamentary majority, the Support Egypt Coalition, might be cooking up a proposal for a cabinet reshuffle once the House’s new term begins in September, an unnamed MP tells Al Borsa. Coalition members apparently believe that certain ministers have not been up to the task lately and failed to regulate market prices and inflation levels, […]
Posted inEgypt Politics + Economics
Tahya Misr Fund to begin implementing a EGP 320 mn plan to develop Aswan
The Tahya Misr Fund will begin implementing a EGP 320 mn plan to develop Aswan, according to an Investment and International Cooperation Ministry statement. The plan includes water, sanitation, and housing projects in Nasr El Nouba and Karkar Valley worth EGP 170 mn and set for completion before the end of June 2018. The Fund […]
Posted inNational Security
At least three policemen dead in two separate incidents yesterday
A police officer was killed in the southern governorate of Qena on Tuesday while in pursuit of wanted criminals, according to Ahram Gate. Two policemen were also killed yesterday, and three others were injured during a similar standoff in the Monofeya province, north of Cairo, Al Masry Al Youm reports.
Posted inNational Security
Egyptian army team wins second place in Russian military rally contest
An army team from Egypt came in second place at the 2017 International Army Games’ Military Rally contest in Russia, TASS reports. The Egyptian team was the sole foreign participant in the contest. “Both the Russian and Egyptian military drivers successfully coped with the difficult conditions of the cross country terrain on a 1,700 km […]
Posted inNational Security
Egypt receives new German submarine yesterday
Egypt officially received its second Type 209/1400 submarine from ThyssenKrupp Marine Systems in Germany yesterday at a military and flag raising ceremony in the port city of Kiel. The submarine, known as the S42, is the second of a four-part order. The remaining two submarines are expected to be delivered by 2021. Naval Today says […]