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Indian food company Britannia Industries is keen to increase its international footprint by expanding in Egypt and Myanmar, Managing Director Varun Berry tells The Hindu. Egypt was chosen as outlet to reach other countries, said Berry, adding that “Britannia is looking for new markets and will add one new market every year.” As we noted […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Fertilizer companies to deliver of 2.1 mn tonnes for summer crops
Major fertilizer manufacturing companies are working on delivering shipments for agricultural associations, as part of an agreement with the Agriculture Ministry to provide 2.1 mn tonnes for summer crops, Agricultural Services Department Chairman Abbas El Shennawi tells Al Shorouk. El Shennawi says there has been no shortage in fertilizers this season. Agreement signatories include Abu […]
Posted inBasic Materials + Commodities
Egypt to implement GLOBALGAP on strawberry exports as of end of August
Egypt’s strawberry exports will be scrutinized under the Global Good Agricultural Practices (GLOBALGAP) system with the start of the new season later this month, Agriculture Minister Abdel Moneim Al Banna told reporters on Monday, Al Masry Al Youm reports. Stronger quarantine and inspection measures will also be imposed on all agricultural products marked for exports, […]
Posted inBasic Materials + Commodities
Egyptian grapes of wrath
Spanish growers are worried about competition from Egyptian grapes this season, Fresh Plaza reports. Increased volumes out of Egypt, coupled with their lower costs have our table grape exports poised to do well in the European market, and Spain in particular. This year might be a one off or it could be the start of […]
Posted inHealth + Education
Health Ministry denies it is using expired hepatitis C drugs
The Health Ministry denied that expired drugs are being used to treat hepatitis C patients, Al Shorouk reports. This came after Pharma Syndicate head Mohi Ebeid claimed 49,000 med boxes were distributed to the Health Insurance Authority after the ministry scrapped the marked expiry date. The imported drug’s expiration date was extended to 30 from […]
Posted inHealth + Education
Studies for EGP 1.5 bn Saudi-German Hospital in Assiut have begun
The feasibility study for the EGP 1.5 bn Saudi-German hospital in Assiut is currently in process, Assiut Governor Yasser El Dessouki said on Monday, according to Ahram Gate. The proposed hospital will be developed by Saudi’s Al Batterjee Group on a 40,000 sqm landplot and is set to accommodate 350 beds, the governor added.
Posted inReal Estate + Housing
PHD to get regulatory approval for securitization bonds, plans another issuance before year end
Palm Hills Developments (PHD) announced beginningthe regulatory procedures necessary to get approvals for its EGP 700 mn securitized bonds issuance. PHD says it is also in process of obtaining the bonds’ credit rating. It says a second securitization transaction for bonds worth EGP 600-700 mn and carrying tenors of up to five years will take […]
Posted inTourism
Shark attack in Marsa Alam shuts beach for 48 hours
An Austrian woman received minor wounds from a shark bite in Marsa Alam on Saturday, Al Masry Al Youm reports. Last month dead sheep washed up on shore in the area which prompted environmental officials to issue warnings. The beach was shut down for 48 hours and the victim is recovering. Let’s hold the conspiracy […]
Posted inTourism
Hurghada knife attacker transferred to psych ward
The man responsible for last month’s knife attacks in Hurghada will be moved to a psychiatric ward for evaluation, reports Reuters. Prosecutors ordered a 45-day evaluation period before moving forward with the case of Abdel Rahman Shaban Abo Korah, who had allegedly previously tried and failed to join Daesh.
Posted inBanking + Finance
Ibtikar for Investment Finance applies for financial services license
SME finance and leasing outfit Ibtikar for Investment Finance applied for a license to launch micro-finance operations, MM Group chairman Khaled Mahmoud says, according to according to Al Borsa. Ibtikar, which was founded as a partnership between MM Group for Industry and International Trade and BPE Partners, is also looking to acquire a stake in […]