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Steel rebars prices increased 17% from last month after the Trade and Industry Ministry imposed tariffs on imported rebars from China, Turkey, and Ukraine, Reuters reports. The tariff is set to remain in place for four months. Egyptian rebars prices rose to EGP 10,500-10,600 per tonne from EGP 9,000 last month, head of building materials […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Egypt’s late table grapes season threatens Italian producers
Italian fruit producers are worried about the impact of Egypt’s good grape harvest. Italy’s Agrimessina is concerned that Egypt’s late table grapes season will overlap with the time Italy supplies to European markets this summer, Fresh Fruit Portal reports. Egypt’s harvest this year is also larger compared to last year.
Posted inBasic Materials + Commodities
Egypt purchases 300k tonnes of Russian, Romanian, Ukrainian wheat
The General Authority for Supply Commodities purchased 300k tonnes of Russian, Romanian, and Ukrainian wheat in a purchase tender on Tuesday, Al Masry Al Youm reports. The wheat is scheduled for delivery between 15 and 25 July. The lowest offer GASC received was USD 192.74 per tonne, traders tell the newspaper. GASC paid an average […]
Posted inBasic Materials + Commodities
Middle Egypt Flour Mills to invest EGP 44 mn next year
Middle Egypt Flour Mills is planning to invest EGP 44 mn in 2017-2018 to establish a new flour mill, a silo, and a plastic factory, as well as upgrading some of its existing silos, Al Mal reports.
Posted inBasic Materials + Commodities
Cultivated land for summer crops increases to 2.02 mn feddans
The cultivated area of summer crops in Egypt increased to 2.02 mn feddans, the Agriculture Ministry said, according to Al Mal.
Posted inManufacturing
LaFarge subsidiary to build EGP 250 mn alternative fuel factory
LaFarge Group subsidiary Geocycle is planning to build a EGP 250 mn alternative fuel factory in Suez, Al Borsa reports.
Posted inHealth + Education
Education Ministry considers increasing land allocation for 200 schools PPP project
The Education Ministry is considering increasing the amount of land allocated to establish 200 schools under a public-private partnership framework in 18 governorates, Al Borsa reports. Some of the companies that qualified for the project objected to the ministry potentially offering less than the 51 plots previously agreed upon, unnamed government sources say. The ministry […]
Posted inTourism
ODH to increase hotel rooms by 500 by next summer season
Orascom Development Holding (ODH) aims to increase its international hotel capacity by 500 rooms to reach a total of 8,500 by the summer 2018, CEO Khaled Bichara said, according to Reuters. The company will add 120-150 rooms in Oman and is looking to establish two new hotels in Montenegro and in Switzerland, according to CEO […]
Posted inTourism
Italian tour operators to organize 50 weekly flights to Sharm El Sheikh next
Italian tour operators are planning to run 50 flights each week to Sharm El Sheikh next month, the head of the South Sinai Investors Association tells Al Shorouk. Italian tourism increased 60% year-on-year during the first four months of 2017, and is expected to continue rising during the summer season, according to the head of […]
Posted inTourism
AUC hands over 5,000 artifacts from 1964 dig to gov’t
The American University in Cairo handed over to the Antiquities Ministry some 5,000 historical artifacts a university excavation team unearthed in Fustat in 1964, Ahram Online reports. The collection will be transported the National Museum of Egyptian Civilization in Fustat.