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Topping what little (or barely any) coverage of Egypt there was in the international press this morning, is the its place in the tug of war between Palestinian factions. Egypt is at the center of a three-way power struggle in Palestine between Hamas, Palestinian President Mahmoud Abbas, and exiled Fatah leader Mohammed Dahlan, Peter Beaumont […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Egypt, GCC countries played their hand too soon with Qatar
Egypt and the GCC countries played their hand too soon in their rift with Qatar, and now have little (if any) room to escalate their punitive measures, Al Masry Al Youm’s Mohamed Kamal says. Resorting to a military escalation — the nuclear option — would not sit will with other regional powers or the rest […]
Posted inWorth watching
Japanese puffer fish take grand romantic gestures to the ocean floor
Japanese puffer fish takes grand romantic gestures to the ocean floor (or: another reason to love BBC Earth) : Equipped with nothing more than his two fins, the tiny Japanese puffer fish works almost continuously for an entire week to create a geometrically perfect design in the sand of the ocean floor. Complete with a […]
Posted inDiplomacy + Foreign Trade
Egypt calls for Qatar’s expulsion from the Global Coalition Against Daesh
Egypt called for Qatar’s membership in the Global Coalition Against Daesh to end, calling it a “contradiction” that could undermine the coalition’s credibility, according to statements by Foreign Ministry spokesman Ahmed Abu Zeid. Abu Zeid’s statement comes ahead of a coalition conference scheduled to kick off today in DC, during which he said the Egyptian […]
Posted inInfrastructure
Shipping companies delay plans to increase service fees until they can factor in electricity price hikes
Shipping companies have decided to delay service fee increases that had been set in response to the government’s decision to boost fuel prices until the recent hike in electricity prices can be factored into the costs, Unigrain Shipping’s General Manager Hani Mekky tells Al Borsa. The increases are slight, Mekky says, explaining that the price […]
Posted inInfrastructure
Bahri Logistics to begin using Alexandria direct call port for its North America line
Breakbulk carrier Bahri Logistics will begin using the Alexandria Port as its third direct call port, according to an emailed statement (pdf). The carrier currently uses the Suez and Port Said ports, but the addition will allow it “to offer breakbulk and ro-ro transportation services on its North American itinerary from key US ports to […]
Posted inBasic Materials + Commodities
Saudi ban on Egyptian strawberries came into effect on Saturday
Saudi Arabia’s temporary ban on Egyptian strawberry imports came into effect on Saturday, prompting Egypt to speed up talks with Saudi to resolve the issues surrounding the ban on exports of Egyptian agricultural products, including strawberries, AMAY reports. Saudi Arabia had banned Egyptian strawberries last month saying they contained alarming levels of pesticides. A team […]
Posted inBasic Materials + Commodities
Unilever targets 15% y-o-y growth in 2017
Unilever is targeting growth levels of around 15% y-o-y in 2017, Unilever Mashreq Managing Director Ashraf Bakry tells Al Shorouk. The company invested EGP 500 mn in a new detergent plant that opened last year and plans to expand its investments in Egypt, exporting at least half of its output in five years’ time.
Posted inManufacturing
T-Plus begins production from its EGP 60 mn women's shoes factory
El Gohary Group subsidiary T-Plus began producing women’s sports shoes under the European Berry Shoes trademark from its EGP 60 mn factory, Chairman Tarek El Gohary said on Sunday, according to Al Borsa. The shoes will be the first in Egypt manufactured according to European standards. Production began with 120k units a month and should […]
Posted inHealth + Education
Egyptian, Lebanese health ministries plan to establish pharma factories
The Egyptian and Lebanese health ministries are set to sign an agreement soon that will see them partner up to promote and cooperate on mutual investments in pharma, Health Minister Ahmed Rady said, according to Al Borsa. The agreement means to boost pharma trade between the two countries.