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Egyptian Navel and Valencia oranges were a “great alternative source” of oranges for UAE buyers, Samel Saadedin from the Al Jabali Trading Group told Fresh Plaza. The Egyptian oranges replaced Spanish imports that were “sour.” The agrifood portal notes that “though the prices from Egypt tend to be low, the market didn’t turn out to […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Aton Resources provides exploration update for Abu Marawat concession
Gold miner Aton Resources says it has completed 12 holes of the originally planned 14 hole, 2,300 meter diamond drill program at Hamama West at the Abu Marawat concession. “We believe there is tremendous potential to grow resources at Hamama West and most of the drill holes in this program are designed to do that. […]
Posted inBasic Materials + Commodities
351k tonnes of potatoes exported, up 40% y-o-y
About 351k tonnes of potatoes were approved for export since the start of the harvest season, up by about 40% y-o-y, the Agriculture Ministry says, Al Mal reports. The exports included shipments of about 149k tonnes to the EU, 51k tonnes to Russia, 68k to Lebanon, and 81k to other Arab states.
Posted inReal Estate + Housing
SODIC completes master plan for 655 feddans project in New Heliopolis
SODIC submitted the master plan for developing 655 feddans in New Heliopolis in partnership with Heliopolis Housing, which announced the news in an regulatory disclosure. SODIC confirmed the news, adding it contracted international design firm Sasaki for the plan, which Heliopolis Company approved. The project is expected to be launched in 2H17.
Posted inTourism
British tourists flocking to Hurghada instead of Sharm El Sheikh
British tourists are flocking to Hurghada now, making it replace Sharm El Sheikh as the British tourists’ favored destination. Thomas Cook head of customer welfare Carol Mackenzie said: “The resort town of Hurghada on the Red Sea Riviera is growing in popularity, and we’ve put more flights on for winter and summer 2017 to keep […]
Posted inTelecoms + ICT
ITIDA, Schneider Electric sign MoU for an engineering lab in Borg El Arab
The Information Technology Industry Development Agency (ITIDA) signed an MoU with Schneider Electric to establish a specialized engineering lab in the technological zone in Borg El Arab, Al Masry Al Youm reports. The MOU also includes an agreement to provide technological training in energy management and automation.
Posted inAutomotive + Transportation
CBE committee to develop auto industry completes its report
Remember that CBE committee established to draw up an alternative strategy to the automotive directive? It’s backing the automotive directive, recommending that domestic content requirements be hiked to 70%. Sources from the committee tell Al Mal that the cabinet shuffle was behind the delay in issuing the report. The committee had been formed at the […]
Posted inAutomotive + Transportation
FAMCO introduces IVECO to Egypt’s market
Al-Futtaim Group’s automotive subsidiary FAMCO began selling IVECO trucks in Egypt yesterday as scheduled, Al Mal reports.
Posted inAutomotive + Transportation
Nissan, Kia, Mitsubishi top car sales in January and February
Sales of Nissan cars topped passenger sales year-to-date in February, growing its market share to 32% from 14.8% last year, according to the Automotive Industry Information Council (AMIC). Sales of Kia came in second place with a market share of 9.9%, followed by Mitsubishi at 9.3%, Al Mal reports.
Posted inAutomotive + Transportation
AGM renews Cairo Metro’s chairman vote of confidence
The Cairo Metro Company’s AGM renewed its vote of confidence in Chairman Ali Fadaly, extending his tenure as managing director of technical support as well, along with Khaled Sabra, the managing director for operations and maintenance.