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Egyptian solar power equipment supplier Solera is establishing a new solar power plant in Liberia in cooperation with USAID and other international partners, Al Shorouk reports. The move is part of an expansion the company is planning in the continent, which will include a solar power generator for an irrigation project in Sudan, said the […]
Author Archives: enterpriseam admin
Posted inInfrastructure
China’s Gezhouba reduces number of villages served in water treatment project on cost concerns
China’s Gezhouba Construction will implement USD 1 bn in water treatment projects in 200 Gharbiya and Menoufiya villages, Al Mal reports. The number of villages in the project has been reduced from 260 initially as cost overruns were taken into account after the EGP float. The project is funded by the Bank of China, with […]
Posted inBasic Materials + Commodities
Agriculture Ministry announces new prices for purchasing local cotton
The Agriculture Ministry will be buying cotton from local farmers during the current harvest season at a price of EGP 2,300 per qintar for long-staple cotton from the Delta, up from EGP 1,250 previously, and paying EGP 2,100 per qintar for short- and medium-staple cotton from Upper Egypt (from EGP 1,100 before), Al Masry Al […]
Posted inBasic Materials + Commodities
GASC issues soybean oil tender, says it accepts EGP bids
State grain buyer General Authority for Supply Commodities (GASC) has issued a tender to buy 30k tonnes of soybean oil and 10k tonnes of sunflower oil, according to Reuters’ Arabic service. The newswire says GASC will also accept bids in EGP for the tender. GASC is seeking delivery between 5-20 September with a bidding deadline […]
Posted inManufacturing
LG inaugurates new EGP 120 mn washing machines production line
LG inaugurated a new EGP 120 mn washing machine production line at its 10th of Ramadan factory, Al Masry Al Youm reports. The line has a production target of 87k washing machines this year, 56k of which are set to be exported. LG Egypt Managing Director Don Kwak said last month LG targets manufacturing 400k […]
Posted inTourism
Orascom Hotels, Jordan arranging joint travel packages between Taba Heights, Aqaba
Orascom Hotels and Development reached an agreement with a number Jordan’s maritime transport companies to arrange boat trips for tourists between Jordan’s Aqaba and Taba Heights, Al Mal reports. The agreement will temporarily see tourists transported directly from the King Hussein International Airport in Aqaba to Taba Heights, according to Taba Heights chairperson Emad El […]
Posted inTourism
TPA to launch winter tourism promotion campaign in Europe in September
The Tourism Promotion Authority (TPA) is planning to launch a winter tourism promotion campaign in Europe this September, TDA head Hisham El Demery tells Youm7. The campaign, which will run until January 2018, will target markets such as the UK, Poland, Ukraine, and Germany.
Posted inTelecoms + ICT
MNOs to offer 4G services mid-August
Vodafone, Orange, and Etisalat will begin offering 4G services to customers mid-August, an unnamed National Telecommunications Regulatory Authority (NTRA) source tells Al Shorouk. The companies are currently distributing frequencies among them nationwide. The NTRA source noted that the deadline for them to reach an agreement over the redistribution is the first week of August. Telecom […]
Posted inAutomotive + Transportation
Construction at Borg El Arab new terminal to begin this year
Construction works for a new terminal at Borg El Arab International Airport in Alexandria are set to begin this year, with a target completion date of within four years, Civil Aviation Minister Sherif Fathy said, according to Al Shorouk. Work on the new terminal was initially slated for July 2016 and will be funded through […]
Posted inAutomotive + Transportation
Careem hikes its fares, temporarily halts surge pricing
Ride-hailing app Careem has hiked its fares to offset increased costs from last month’s fuel price increases, Al Mal reports. The base fare has been increased to EGP 5 from EGP 4.75 previously, while the fare for each kilometer traveled was raised to EGP 2, up from EGP 1.70. The company has also decided to […]