Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The increase in “illegal” exports of fresh produce to Libya is one of the reasons why fruit and vegetable prices are rising domestically, a member of the Federation of Egyptian Chambers of Commerce told Ahram Gate. Other reasons behind the price increases include seasonal factors in the transition for winter to summer crops.
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Food Exports Council launches initiative to help SME exporters
The Food Exports Council has launched an initiative to support SMEs in the food industry by helping bolstering their exports, Al Shorouk says.
Posted inManufacturing
Jushi’s third furnace to open in Suez in 2H17
Fiberglass producer Jushi Group’s third furnace will open in Suez in 2H17, three years ahead of schedule, Plastic News reports. The move would increase the facility’s annual production capacity will be 200K tonnes.
Posted inManufacturing
L’Oréal looking to develop Egypt’s chemical production
L’Oréal Egypt is looking to upgrade its Egypt’s chemical manufacturing, and wants to rely entirely on the domestic market for raw materials, country managing director Benoit Julia said yesterday, Al Shorouk reports.
Posted inHealth + Education
Alexandria University signs nuclear cooperation MoU with MEPhi
Alexandria University and Russia’s National Research Nuclear University (MEPhi) signed an MoU to cooperate on mutual nuclear research and development programs a week ago, according to an emailed statement.
Posted inHealth + Education
Gov’t to impose mandatory prices on dietary supplements starting April
The Health Ministry will begin issuing mandatory pricing on dietary supplements starting from April, Al Borsa reports. There were no details on how this mandatory pricing will be applied or what products it entails. Health Minister Ahmed Rady also said he is working on accelerating the approvals process for new medications.
Posted inReal Estate + Housing
Facing slowdown, contractors should look for projects abroad
Taking on work outside of Egypt could be the best way to for local contractors to alleviate the pressures caused by the EGP devaluation, Hossam Abougabal suggests in MEED. “Some contractors operating in Egypt have told MEED that although a government package is on the way, it is unlikely to truly reflect the actual increase […]
Posted inAutomotive + Transportation
Red Sea Ports Authority approves restructuring maritime companies’ debts
The Red Sea Ports Authority approved restructuring the debts of maritime companies in a bid to keep the companies’ business and attract more companies to the port, Al Ahram reports. No details were provided on the names of the indebted companies or the value of the overdue payments. The move is the latest efforts to […]
Posted inBanking + Finance
Economic Appeals Court upholds NBE’s decision to freeze Misr Insurance assets
The Economic Appeals Court upheld the National Bank of Egypt’s (NBE) decision to freeze EGP 3 bn of Mirs Ins.’s liquid assets, NBE’s legal counsel Saher Al Faseeh said on Tuesday, according to Al Mal. We had reported in June that the NBE had frozen EGP 5.2 bn of Misr Insurance’s assets for failing to […]
Posted inOther Business News of Note
Tourism Urbanization Co. sends EGX official notice of its intention to delist
The state-owned Tourism Urbanization Co. has sent an official notice to the EGX of its intention to delist, a decision the company had taken last month.