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Egypt, Lebanon to step up flights, economic cooperation: Investment and International Cooperation Minister Sahar Nasr is set to sign 15 economic cooperation agreements today with Lebanese Prime Minister Saad Al Hariri in the industry, healthcare, trade, tourism, and SME development, Al Borsa reports. The agreements, which come as part of the Egyptian-Lebanese business council’s meetings […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Ireland Foreign Minister disappointed at another adjournment of Halawa’s trial
Ireland’s Foreign Minister has said he was “disappointed and frustrated” at yesterday’s adjournment of the trial of Irish citizen Ibrahim Halawa for the twentieth time. Halawa is in detention in Egypt and has been on hunger strike. A Cairo judge had ruled that a medical examiner look into Halawa’s health amid concerns that it is […]
Posted inEnergy
Commercial operations at Beni Suef, Burullus power plants to begin next week
Siemens will begin commercial operations at the Burullus and Beni Suef power plants next week, with both plants producing 2 GW, Al Borsa reports. Three turbines at the Beni Suef plant, which have been operating on a trial run, will be fully operational at a production capacity of 400 MW per turbine, according to head […]
Posted inEnergy
Military Production Ministry evaluating six offers for solar panel factory
The Military Production Ministry is evaluating six offers for its planned solar panel factory, including an offer from Siemens and an unnamed Chinese company, head of the ministry’s technical offices Magdy Bedeir tells Al Borsa. The factory will produce enough solar panels to generate 1 GW per annum, according to Bedeir.
Posted inEnergy
General Electric completes upgrade at Kureimat power plant in Upper Egypt
General Electric completed an upgrade in one of the two 9FA gas turbines at Kureimat power plant in Upper Egypt, the company said in a press release. The upgrade will generate an extra USD 3.5 mn in annual revenues for the Upper Egypt Electricity Production Company, which owns the plant, in addition to improving the […]
Posted inBasic Materials + Commodities
Ocean Express begins developing new grain storage facility at Dekheila Port
Maritime company Ocean Express has begun developing a new grain storage facility at the Dekheila Port that can carry up to 130k tonnes at a time, Al Borsa reports. The facility, which is being developed in partnership with Alpha Industries and Construction, is due to begin operations in six months’ time, a company official tells […]
Posted inBasic Materials + Commodities
Supply Ministry’s wheat harvest committee ratifies wheat harvest regulations
The Supply Ministry’s wheat committee ratified yesterday the regulations for this year’s wheat harvest season, including barring the private sector from purchasing or trading in local wheat, Al Borsa reports. The ministry is targeting collecting 4-4.5 mn tonnes of wheat this season.
Posted inBasic Materials + Commodities
“Good” quality Egypt strawberry harvest drives UAE prices down
Strawberries have “flooded” the UAE markets, where local and Egyptian varieties are selling at marked down prices, according to Gulf News. “Compared to previous years, this year the strawberry season in Egypt has been good in terms of quality and there has been an oversupply to the UAE,” Subhash K, marketing head at Choithrams, said.
Posted inBasic Materials + Commodities
Agriculture accounts for 81.5% of Egypt’s water consumption -CAPMAS
Agriculture accounted for the lion’s share of Egypt’s water consumption in FY2015-16, reaching 81.5%, according to figures released yesterday by CAPMAS. Drinking water came in second at 13.6%.
Posted inManufacturing
Naeem to establish fructose production plant
Naeem Holding for Investments will establish a fructose production plant in Cairo with USD 100 mn of investment, chairman Hussein Shobokshi tells Al Mal. Designs are ready and contractors have been selected for the plant, whose establishment was initially announced four years ago. The company secured financing for the project, and is now preparing to […]