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The Agriculture Ministry tasked a committee with periodically testing agriculture products for pesticide levels to make sure they remain within the acceptable range, AMAY reported on Sunday. The committee will conduct its first round of tests this week in eight governorates, including Cairo, Alexandria, Giza, and Qalyubia, as a first phase, and will include in […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Egypt looks to export fruit to Australia, South Korea, New Zealand
The Agricultural Export Council is looking to export new crops to Australia, South Korea, and New Zealand, including grapes, pomegranate, and oranges, Council member Mostafa Al Nagari says, according to Fruitnet. Egypt began looking eastward after Egyptian grapes and oranges were granted entry into China. Egypt is also in talks with China to export new […]
Posted inBasic Materials + Commodities
Centamin paid EMRA USD 11 mn of Sukari gold mine profits in June -Egypt GM
Centamin paid the Egyptian Mineral Resources Authority (EMRA) USD 11 mn of what it owes it in profits from the Sukari gold mine in June, General Manager for Egypt Youssef El Raghy tells Youm7. Government officials had previously said that Egypt’s profit share from the Sukari gold mine in 2017 is expected to reach USD […]
Posted inManufacturing
El Araby breaks ground on EGP 2.4 bn manufacturing facility
Trade and Industry Minister Tarek Kabil launched construction on El Araby Group’s EGP 2.4 bn household appliances factory. The facility in Beni Suef will manufacture a wide range of appliances, including refrigerators, washing machines, and air conditioners, Al Shorouk reports.
Posted inManufacturing
Samir & Aly to establish USD 5 mn project to manufacture, pens, pencil, and erasers
Samir & Aly Stationery Houses are studying a USD 5 mn project to manufacture pencils, pens, and pencil erasers, in cooperation with an unnamed foreign company, Trade and Industry Minister Tarek Kabil says, according to Al Masry Al Youm. Output will be sold domestically but also exported. The plant is expected to produce erasers domestically […]
Posted inReal Estate + Housing
Heliopolis Housing launching new housing project at New Heliopolis
Heliopolis Company for Housing and Development says it is launching a new housing project on 100 feddans at New Heliopolis, Reuters reports. The project will take five years and be developed over three phases at a cost of EGP 2 bn and an expected revenue of EGP 4 bn. Heliopolis Housing says it is implementing […]
Posted inBanking + Finance
Bank Audi considers exiting Arabeya Online Brokerage
Bank Audi is considering exiting its investment in Egypt’s Arabeya Online Brokerage, sources close to the matter tell Al Borsa. The bank conducted studies to identify the firm's’ strengths and weaknesses and resolve any issues ahead of valuation studies. Audi Bank owns 100% of Arabeya through the Sardar Group.
Posted inEgypt Politics + Economics
Minister of Investment and International Cooperation meets with Gulf businessmen
Al-Rajhi’s Zadna intends to increase its investment in Egypt’s agricultural sector to EGP 2 bn over the next five years, as discussed in a meeting between Sahar Nasr, Minister of Investment and International Cooperation and Abdul Wahab Al-Rajhi, chairman of Al-Rajhi Holding Group. As part of a bid to shore-up investment from key Gulf allies, […]
Posted inEgypt Politics + Economics
El Warraq residents issue a set of demands for government
Residents of the dispute South Cairo island of El Warraq are asking authorities to launch an official investigation into the death of a fellow resident during clashes with security forces last week, according to Al Mal. One person had been killed last week in a standoff with security forces as they attempted to clear state-owned […]
Posted inEgypt Politics + Economics
28 sentenced to death over 2015 killing of Hisham Barakat
A CairoCriminal Court sentenced 28 to death Saturday for the assassination of prosecutor general Hisham Barakat in 2015,according to Reuters. 15 other were given 25 years in jail each.