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The six Kazakh students detained in Egypt have been released, reports Kazinform. The Egyptian Homeland Security service confirmed that the students will be deported to their homeland.
Author Archives: enterpriseam admin
Posted inEnergy
Zohr 80% complete, set to turn Egypt to energy exports -Descalzi
The development of Eni’s super-giant gas field Zohr is 80% complete, CEO Claudio Descalzi said in a meeting with Prime Minister Sherif Ismail. Descalzi says the speed at which Zohr is being developed is a record in the oil industry and that the potential of the gas produced from there is set to “satisfy almost […]
Posted inEnergy
Ukrainian gas producer signs EUR 47 mn drilling contract in Egypt, Iraq
Ukraine's UkrGasVydobuvannya signed a EUR 47 mn contract with Croatia-based Crosco to drill 12 natural gas wells in Egypt and Iraq. Drilling is set to start in 3Q2017 and Crosco plans to drill four wells annually. The state-owned UkrGasVydobuvannya is the largest Ukrainian gas producer, whereas Crosco is an integrated drilling and well services contractor […]
Posted inEnergy
Siemens signs EGP 300 mn agreement with National Port Said Steel for power transmission station
Siemens signed a EGP 300 mn agreement with National Port Said Steel to construct a power transmission station, Al Borsa reports. Work on the station is scheduled to kick off within a week and conclude by the end of November.
Posted inBasic Materials + Commodities
Agricultural exports down USD 90 mn y-o-y in 10 months
Egypt’s agricultural exports fell by USD 90 mn y-o-y to register USD 2 bn in the 10-month period from September 2016 to June 2017, Al Mal reports. The head of the agricultural exports council says the drop is caused by the restrictions on Egyptian produce imports imposed by some countries as well as price competition […]
Posted inBasic Materials + Commodities
Resuming exports of Irish cattle to Egypt getting closer
The likelihood of resuming exports of Irish cattle to Egypt increased after Ireland’s Department of Agriculture successfully negotiated a veterinary certificate for fattening cattle for live export, Conor Finnerty writes for Agriland. The Irish Farmers’ Association (IFA) has reportedly been pushing that the certificate on live cattle to Egypt be extended to cover fattening, but […]
Posted inBasic Materials + Commodities
ECA finds evidence of collusion in poultry market
Collusive behavior in the market for poultry is reducing supply and increasing prices, the Egyptian Competition Authority (ECA) says. The ECA probed the market from January 2015 to December 2016 and found sufficient evidence of collusion amongst large distributors. The reason behind that was reportedly to fix prices 14% below the cost of production to […]
Posted inHealth + Education
Egypt’s pharma sales jump 26.8% in 1H2017
Egypt’s pharma industry saw a collective 26.8% y-o-y growth in sales revenue in 1H2017 to EGP 23.1 bn, according to data from industry research firm Quintiles IMS picked up by Al Borsa. Novartis the industry chart with revenues of EGP 1.8 bn, followed by GlaxoSmithKline at EGP 1.4 bn. France’s Sanofi’s sales grew to EGP […]
Posted inHealth + Education
Gov’t in talks with University of Liverpool to open campus in new capital
The Administrative Capital for Urban Development Company (ACUDC) is in talks with the University of Liverpool to open a campus in the new administrative capital, said Higher Education Minister Khaled Abdel Ghaffar. The university’s Deputy Vice Chancellor Patrick Hackett discussed opening a science and technology research facility at the new capital with ACUDC’s CEO Ayman […]
Posted inReal Estate + Housing
El Mostakbal, Sabbour announce partnership in EGP 35 bn project
El Mostakbal for Urban Development and Al Ahly Sabbour announced a partnership to develop a mixed use community in Mostakbal City over 2.4 mn sqm. The project — which is expected to reel in about EGP 35 bn in revenues — will be developed over four phases, the first of which will launch in 1H2018. […]