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It would appear that Qatar has resumed allowing exports of LNG to Egypt through third-party traders. Several new Qatari cargoes have been sold to Egypt via third-party traders, a trade source tells Reuters on Friday. This comes only days after other traders reported that Qatar refused to sell LNG to traders looking to sell the […]
Author Archives: enterpriseam admin
Posted inEnergy
Egypt has so far received half of contracted Iraqi crude shipments –source
Egypt has so far received half of its contracted 12 mn bbl of Iraqi crude oil scheduled for delivery in 2017, a source tells Al Mal. The latest shipment is the third since May. Refiner MIDOR received 50% of the total oil delivered, while AMOC got 14%. A portion of the refined product is re-exported […]
Posted inInfrastructure
Shipping companies in Damietta decry being forced to buy power from port
Shipping companies in Damietta are attempting to convince officials to repeal the Damietta Port Authority’s decision to force ships to purchase electricity while docked instead of using their own generators, Al Mal reports. In a bid to boost its USD revenues, the port authority had announced two weeks ago that docked ships would be allowed […]
Posted inBasic Materials + Commodities
Egypt planning to import 7 mn tonnes of wheat this year
Egypt is planning to import 7 mn tonnes of wheat during FY2017-18, with 6 mn directed towards actual consumption and the remaining 1 mn used for strategic reserves, Supply Minister Ali El Moselhy said, according to Ahram Gate. That’s broadly in line with previous ministry projections. Meanwhile, the General Authority for Supply Commodities is planning […]
Posted inBasic Materials + Commodities
Eastern Company studying new manufacturing plant in Borg El Arab
The Eastern Tobacco Company is studying the possibility of establishing a new tobacco factory at the Borg El Arab industrial zone, Al Borsa reports. Separately, the company's chairman said Eastern will not be hiking cigarette prices again this fiscal year after it recently increased the price of its low-cost Cleopatra brand.
Posted inHealth + Education
Court orders branch of El Ezaby closed for violating outdated licensing regulations
A Cairo Misdemeanor court ruled that a branch of El Ezaby pharmacies — owned by Ahmed El Ezaby — be shut down following a lawsuit brought up by the Pharmacists Syndicate which alleges the branch was in violation of licensing regulations, Al Borsa reports. Under the Pharmacists Professions Act of 1941, pharmacies can only be […]
Posted inReal Estate + Housing
Heliopolis Housing approves SODIC’s master plan for New Heliopolis
Heliopolis Housing and Development signed off on SODIC’s master plan for developing 655 feddans in New Heliopolis, which it had submitted in April, Al Masry Al Youm reports. SODIC is expected to launch the first phase of the project in October, Heliopolis Housing deputy chairman Wael Youssef says. As we noted previously, Heliopolis Housing will […]
Posted inReal Estate + Housing
ARDIC achieves sales of EGP 1.2 bn in Zizinia El Mostakbal
Real estate developer Ardic has sold 45% of its Zizinia El Mostakbal project for an estimated EGP 1.2 bn, according to Al Masry Al Youm. The company hopes to close on 60% of homes in the project before the end of the year, said the company’s managing director Ashraf Doweidar.
Posted inReal Estate + Housing
Housing Ministry plans to tender land in 23 cities for investment
The Housing Ministry plans to tender 86 plots of land across 23 cities for investment projects, according to Al Shorouk. The plots, which will be tendered under the public-private partnership, fixed price and a sealed bid frameworks, vary in size from 4-2800 feddans.
Posted inTourism
Gov’t aims to attract over 10 mn tourists in current fiscal year
The Planning Ministry is expecting tourism inflows to increase to 10.5 mn from 6.5 mn in FY 2017-18, reports Daily News Egypt.