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We’ve all heard of Bitcoin, but what’s this Ether that’s giving it a run for its money? Ether is a relatively new cryptocurrency that emerged three years ago and appears to be hot right now, growing in value 4,000% year-to-date. The jump goes beyond just speculators looking to cash in on the hot new Bitcoin […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Oil, gas investments discussed at Egyptian-Romanian Business Council meeting
Investment opportunities in the oil and gas sector dominated discussions at the Egyptian-Romanian Business Council meetings that kicked off in Bucharest yesterday, Ahram Gate reports. Egypt is also looking to increase its imports of Romanian meat to fulfill domestic needs, according to the council’s deputy president, Ahmed El Sokkary. The two countries are expected to […]
Posted inBasic Materials + Commodities
Agriculture Ministry to impose GLOBALGAP on guava and tomato exports
The Agriculture Ministry is gearing up to impose Global Good Agricultural Practices (GLOBALGAP) on tomato and guava exports as of next season, an unnamed ministry official tells Al Mal. The ministry had announced last month that it would be implementing the internationally recognized farming production standards on its upcoming strawberry, pepper, and grape harvests after […]
Posted inManufacturing
Highland is studying building an EGP 500mn factory
Highland Import & Export is considering building a cardboard box and packaging factory with an investment of EGP 500 mn, accordingto Al Borsa. The factory would be based in the Sadat industrial area and would be 80% funded by the firm themselves with the rest coming from various lenders.
Posted inManufacturing
Government to tender 15 mn sqm of agricultural land this year -Kabil
The Trade and Industry Ministry plans to tender 15 mn sqm of agricultural land across the country this year, Minister Tarek Kabil said on Wednesday, according to Al Shorouk.
Posted inHealth + Education
Government to spend EGP 7.9 bn in public health facilities in FY2017-18
The Egyptian government plans to spend EGP 7.9 bn to upgrade public health facilities and establish new ones in FY2017-18, Al Borsareports. The Health Ministry is expected to finance 96% of planned projects through state coffers. The Health Ministry’s plan includes refurbishing and upgrading medical services at around 193 public hospitals and establishing 690 new […]
Posted inReal Estate + Housing
Misr Italia launches EGP 5 bn North Coast residential project
Misr Italia is launching its new EGP 5 bn multi-use compound in the North Coast, Kai Sahel, Al Borsa reports. The project will span 900k sqm, and will include residential and commercial buildings, in addition to a hotel. The company will begin taking orders for the first phase of Kai Sahel, which is scheduled for […]
Posted inTourism
EgyptAir will not lower Hajj ticket prices, says chairman Safwat Musallam
EgyptAir will not be lowering or otherwise amending Hajj season ticket prices, EgyptAir Chairman Safwat Musallam tells Al Borsa. Ticket prices range between EGP 10,600 and EGP 16,400. Musallam’s statement contradicts earlier reports that EgyptAir had agreed to bring down prices following pressure from tour operators. Saudi Airlines announced prices for pilgrimage season with economy […]
Posted inTelecoms + ICT
Orange plans to finance Egyptian entrepreneurs and technology startups
Orange plans to support and fund Egyptian technology-focused startups, writes Tom Jackson for Disrupt Africa. Orange’s subsidiary, Orange Digital Ventures investment program, has allocated around USD 56 mn to launch an Africa-focused initiative and fund early-stage companies. Orange’s deputy CEO says his company is willing to work with Egypt “in order to strengthen cooperation … […]
Posted inAutomotive + Transportation
Careem looking into offering carpooling service in Egypt
Careem is looking to launch its own version of Uber Pool in Egypt, Al Borsa reports. COO Ramy Kato says Careem is working on launching its own carpooling service that would allow up to four people to share a ride. The service will be launched in other markets first before settling on a model that […]