Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The four companies which will manage the Siemens plants will be established before July 2017, Electricity Minister Mohamed Shaker tells Al Mal. The ministry has completed its outline of the companies’ administrative structure and is currently coordinating with NI Capital to prepare the financial valuations for the projects that will be managed by the new […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Demand for Egyptian olive oil increases following EGP float
A weakened EGP led to increased demand for Egyptian olive oil exports, writes Shawn Mitchell for Olive Oil Times. Wadi Food reported a jump in sales of 40% in 2016, driven by olive exports, while exports by Olivee increased 65% to USD 19.5 mn in 2016.
Posted inManufacturing
Oryx Metal Industries to Invest EGP 100 mn in Egypt
The UAE’s Oryx Metal Industries will invest EGP 100 mn in to acquire a concrete plant in Sixth October City, as part of its expansion plans for Egypt and the region, the company announced in a Tuesday press conference covered by Al Mal.
Posted inHealth + Education
Health Ministry launches pharma fund that will supposedly help keep local meds prices low
The Health Ministry is looking to collect EGP 4 bn for a new pharma fund that will aim to cover at least a portion of Egypt’s needs of imported meds that don’t have a locally-manufactured alternative, Al Borsa reports. The fund will fall under Health Ministry jurisdiction and rely solely on donations from individuals and […]
Posted inReal Estate + Housing
Kuwait’s Manazel Real Estate inks EGP 1.2 bn residential project agreement
Kuwait’s Manazel Real Estate signed a EGP 1.2 bn (USD 66 mn) agreement with Egypt’s Landmark Real Estate to develop and market a residential project in East Cairo, Al Borsa says.
Posted inReal Estate + Housing
Real estate developer Profit to inject EGP 400 mn in New Cairo residential developments in 2017
Egyptian real estate developer Profit plans on investing EGP 400 mn in residential projects in New Cairo during 2017, Managing Director Hafez Gebril said on Tuesday, according to Al Mal.
Posted inTourism
TDA to open bidding window for Ras Sudr Airport project at the start of FY2017-18
The Tourism Development Authority (TDA) will open bidding for the Ras Sudr Airport and accompanying 6 mn sqm touristic complex at the start of FY 2017-18, according to TDA chief Serag El Din Saad, Al Shorouk reports. 15 touristic real estate developers and investors have already expressed interest in the project, Saad told reporters on […]
Posted inTelecoms + ICT
Huawei Egypt to establish new assembly and export center, fiber optics factory
Huawei wants to establish a new assembly plant and export center for the company’s products, Huawei Egypt CEO Terry Liu told Investment and International Cooperation Minister Sahar Nasr in a meeting, according to a ministry statement. Huawei is planning to establish a fiber optics manufacturing plant in partnership with China’s Yangtze Optical Fibre and Cable […]
Posted inTelecoms + ICT
Infor expresses interest in investing in Egypt through collaborations with local software companies
CIT Minister Yasser El Kady met with executives from MasterCard and Infor during his 10-day visit to the United States. Infor expressed its interest in investing in Egypt through collaborations with local up-and-coming software companies, Al Borsa says.
Posted inAutomotive + Transportation
Al Masry Al Youm partners with auto distributors on “Buy Your Dream Car” initiative
Al Masry Al Youm had launched an initiative called “Buy Your Dream Car” to lower car prices in partnership with around 20 distributors on Hyundai, Geely, Nissan, Subaru, Chevrolet, Opel, Mazda, Kia, Ford, Toyota, Suzuki, Renault, Volvo, Chery, and Volkswagen, among others. The initiative, which runs from 19-31 March, is the latest attempt by the […]