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New grape export protocols will require that “every grower, exporter and pack house must be approved for export,” Trade Waves’ Ahmed Hodaiby told Fresh Plaza. The reasons behind the new protocols are because of Chinese restrictions, which required Egyptian producers to step up their system for quality control, as well as European requirements to sample […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Egypt’s cotton harvest falls short of gov’t targets
Egypt harvested 127K feddans of cotton this season, falling far below the government’s target of 250K feddans and 3% less than the 131K feddans planted last year, Al Borsa reports. Meanwhile, the government has collected 606k tonnes of local wheat as of Friday, Supply Minister Ali El Moselhy tells Al Masry Al Youm.
Posted inManufacturing
Trade Ministry looking into new SME industrial zone in Port Said
The Trade Ministry is looking into establishing a second SME industrial zone in Port Said, and is currently in talks with the governor over land pricing, Al Mal reports.
Posted inTelecoms + ICT
MTI signs distribution agreement with Huawei
MM Group for Industry and International Trade (MTI) announced entering into a distribution agreement with Huawei Consumer Business Group to become one of its main distributors of mobile phones in Egypt. The agreement will increase MTI’s market share in the mobile phone distribution market, MTI CEO Khaled Mahmoud said. Beltone Financial says the agreement is […]
Posted inTelecoms + ICT
CIT Minister meets Infor CEO to discuss Egypt expansion
CIT Minister Yasser El Kady met yesterday with Infor CEO Charles Phillips to discuss the enterprise software provider’s plans to invest in Egypt, Al Shorouk reports. No further details were provided on the timeline of the company’s expansion plans. A delegation from Infor had met last week with EGX Chief Mohamed Omran, who said the […]
Posted inAutomotive + Transportation
National Authority for Tunnels begins receiving offers for Alex tram project
The National Authority for Tunnels (NAT) has begun receiving offers for the Alexandria tram renovation project, which is being funded through the French Development Agency, Al Mal reports. NAT issued tenders for construction and finishing, power and electromechanical works, ticketing machines, and firefighting and traffic signal systems.
Posted inEgypt Politics + Economics
Court rescinds order to release Hassan Malek
A criminal court accepted yesterday an appeal against the release of Ikhwan businessman Hassan Malek and renewed his detention for an additional 45 days, Ahram Online reports. Yesterday’s ruling overturns a decision from another court on Thursday to release Malek and two co-defendants on EGP 20k bail, pending investigation on charges of sabotaging the economy.
Posted inEgypt Politics + Economics
Mahmoud El Alaily appointed new FEP head
Mahmoud El Alaily was announced on Friday as the new president of the Free Egyptians Party, following an uncontested election, Al Ahram reports. The party also announced Ahmed Samer as its new secretary-general. The announcements come amid discord within the party, which came to a head when it ejected founder Naguib Sawiris.
Posted inNational Security
Daesh leader warns Egypt’s Muslims to avoid Christian gatherings, military, police establishments
A Daesh leader in Egypt warned Muslims in the country to avoid Christian gatherings and government, military, and police establishments, saying the group plans additional attacks on these “legitimate targets,” Reuters reports. The news comes as security officials found the decapitated bodies of a father and his two sons in the northern Sinai border town […]
Posted inON YOUR WAY OUT
House Religious Affairs Committee approves bill to limit power to issue fatwas
The House Religious Affairs Committee approved on Thursday a bill curtailing unlicensed preachers’ powers to issue fatwas (religious edicts), Ahram Online reports. The draft law stipulates a six-month prison sentence and a EGP 5,000-10,000 fine for violators.