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Sugar and rice manufacturers will be expected to print the prices of the commodities on packages produced after 15 April, Al Borsa reports. Manufacturers will be allowed to put price stickers on sugar and rice produced prior to that date. The Federation of Egyptian Chambers of Commerce had previously been lobbying to postpone the deadline […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Siwa Oasis’ date production the biggest worldwide
Egypt’s Siwa Oasis is the world’s biggest producer of dates, accounting for approximately 84,000 tonnes of the country’s annual date production of 1.5 mn tonnes, Agricultural Economics professor at Cairo University Gamal Seyam tells Anadolu Agency. According to Seyam, these dates are usually not exported due to “the poor quality of dates, challenges facing exports […]
Posted inManufacturing
BASF wants to increase its business volume by 5% every year
German chemicals and plastics manufacturer BASF wants to grow its business in Egypt by at least 5% every year, Managing Director Ayman Nafie tells Al Borsa. The company’s business reached EUR 140 mn at the end of 2016.
Posted inReal Estate + Housing
SECON to spend EGP 3.5 bn
The Saudi Egyptian Construction Company (SECON) plans to spend EGP 3.5 bn in 2017, SECON CEO Darwish Hassanein tells Amwal Al Ghad. EGP 1.2 bn will be spent on the SECON Nile Towers project. He added that the company plans to complete development of homes in the project this year, and will finish work on […]
Posted inTourism
Egypt still promoted in tourism campaigns, no change post Emergency Law -TDA
Tourism campaigns abroad remain unchanged after the imposition of a three-month state of emergency, the Tourism Development Authority says in a statement picked up by Al Shorouk. This comes in response to reports that Egypt’s name will no longer be the focus of campaigns, but rather specific tourist destinations and sites inside Egypt. The Authority […]
Posted inAutomotive + Transportation
Toyota-Bolloré alliance inspects East Port Said port ahead of imported car pier development
A delegation from the Toyota-Bolloré consortium arrived in East Port Said on Wednesday to inspect port facilities ahead of the potential development of a pier for car imports, AMAY reports. The consortium is currently in the final stages of negotiations with the Suez Canal Economic Zone and is expected to begin construction in the coming […]
Posted inAutomotive + Transportation
Taxi Plus to expand in Sharm El Sheikh, Hurghada this year
Homegrown ride-hailing service Taxi Plus is planning to expand in Sharm El Sheikh and Hurghada this year as part of its plans to launch operations in all governorates across the country, Al Borsa reports. The company was established in December.
Posted inAutomotive + Transportation
El Sewedy Logistics Properties, DB Schenker start construction of logistics facility
El Sewedy Logistics Properties and DB Schenker Egypt began building a logistics and warehousing project in Tenth of Ramadan, according to a statement. Located at Pyramids Industrial Parks’ Industria West, the facility will be operational by December 2017.
Posted inEgypt Politics + Economics
Egyptian economy seen growing by 4% in 2017 in AMF forecasts
The Arab Monetary Fund expects the Egyptian economy to grow by 4% in 2017 and 4.5% in 2018, driven mostly by economic reforms and higher international demand for investments and trade activities, the organization says in its latest report.
Posted inON YOUR WAY OUT
63% of Egyptians approve of state of emergency
63% of Egyptians approve of imposing the three-month state of emergency, according to a poll the Egyptian Center for Public Opinion (Baseera) released yesterday. 67% of respondents above the age of 50 were supportive of the decision, compared to 60% of those aged 18-29. Among those polled, 60% said they believe the measure will be […]