Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The UK wants to strengthen its investment and trade partnership with Egypt, the British Embassy’s Trade and Investment Officer Oliver Richards said, according to Al Mal. British companies in Egypt see investment opportunities in the oil and gas sector in particular, but investors need to see a stable investment climate, he added. A UK trade […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Belarusian delegation to visit Egypt for investment talks soon
Egypt, Belarus sign economic partnership framework agreement: Trade Minister Tarek Kabil met with Belarusian Deputy Prime Minister Vladimir Semashko in Minsk over the weekend for cooperation talks and signed an MoU outlining the scope of both countries’ economic partnership between 2018-20. These involve Belarus establishing a major, commercial-scale dairy farm in Egypt and exporting beef […]
Posted inDiplomacy + Foreign Trade
Negotiations to disburse USD 250 mn from KfW are on track
The government’s negotiations with Germany's KfW to disburse USD 250 mn are moving forward, KfW director in Egypt Burkhard Hinz tells Al Mal. No date was set for the disbursal. The funding is part of USD 600 mn in third-party financing pledged by G7 countries to unlock the USD 12 bn IMF facility.
Posted inDiplomacy + Foreign Trade
Egyptian, German auto feeders to meet in Berlin in September
Egyptian and German auto component companies are set to meet in Berlin this September, CEO of the German-Arab Chamber of Industry Andreas Hergenröther said, Al Borsa reports. This will be but one a series of 10 meetings the organization is arranging between German and Egyptian companies in various industries in 2H2017. German members are looking […]
Posted inDiplomacy + Foreign Trade
El Sisi meets with President of Guinea and AU Chairperson
President Abdel Fattah El Sisi met with Guinea’s President and the Chairperson of the African Union Alpha Condé on Thursday, according to an emailed Ittihadiya statement. The two presidents discussed increasing security and military cooperation to combat terrorism, as well strengthening economic and trade relations between Egypt and Guinea.
Posted inEnergy
Eni finishes drilling all wells in first phase of Zohr
Italy’s Eni has completed drilling work on all eight wells of phase one of the Zohr gas field, an Oil Ministry official tells Al Shorouk. The company is currently focusing on setting up the pipeline that will transport the gas to the refineries, the official added.
Posted inEnergy
Oil Ministry aims to install natural gas in 1 mn homes in FY2017-18
The Oil Ministry is aiming to install natural gas in 1 mn homes during FY2017-18 at a cost of EGP 4.2 bn, Al Shorouk reports. The Finance Ministry has allocated EGP 1.2 bn in the state budget for the upcoming fiscal year to connecting homes to natural gas.
Posted inTourism
Cairo hotel occupancy exceeds 70% in 1Q2017 -Colliers International
Occupancy rates in Cairo hotels exceeded 70% in 1Q2017, while they have “constantly slipped over the last two years” in Hurghada and Sharm El Sheikh, according to Colliers International’s quarterly report on Egypt’s hotels (pdf). The report expects occupancy to increase in both Red Sea towns over the course of the year, but says this […]
Posted inTourism
Travel warnings draw on heightened risk, sourced from multiple sources -UK FCO representative
The UK’s Foreign & Commonwealth Office (FCO) is defending its system of travel advice against criticism, according to Travel Weekly. Benjamin Saoul, head of the crisis management department at the FCO, told an Abta Travel Law Seminar “advice has to be driven by issues of safety and security … Trade or political concerns do not […]
Posted inTelecoms + ICT
TE, Etisalat Misr sign domestic roaming agreement
Telecom Egypt (TE) will sign a five-year domestic roaming agreement with Etisalat Misr in two weeks’ time, under which it will provide 2G and 3G services using Etisalat’s infrastructure, Reuters reports. Etisalat offered TE, which will introduce its mobile service to the market in September, a better price for the service than did Orange Egypt […]