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Petroleum Minister Tarek El Molla met with the head of China’s state-owned Sinopec, Wang Yupu, who said his company is mulling a petrochemical project in the Suez Canal Economic Zone, Al Masry Al Youm reports. Also present at the meeting was the vice president of Apache, which previously sold a one-third stake in its Egyptian […]
Author Archives: enterpriseam admin
Posted inEnergy
China’s CHINT interested in supplying SCZone with electrical gears
The chairman of China’s CHINT may be interested in a manufacturing components for the electrical power industry in the Suez Canal Economic Zone, Electricity Minister Mohamed Shaker said yesterday. CHINT is also reportedly interested in renewable energy projects and smart meter projects in Egypt.
Posted inEnergy
Shell, Petronas begin working on Borollos gas field 9B
Shell and Malaysia’s Petronas have begun working on phase 9B of the Borollos gas field, an unnamed EGAS official tells Al Shorouk. The USD 950 mn project involves drilling eight new wells with a daily capacity of 387 mcf. BG, since acquired by Shell, had suspended work on phase 9A+ and 9B of the gas […]
Posted inBasic Materials + Commodities
Customs Authority prevents importers from storing staple goods outside the port before customs clearance
Importers will no longer be allowed to store their shipments of staple goods — including wheat, sugar, corn, and rice among others — outside official port facilities until they’ve cleared them from customs and paid the levy in full, Al Borsa says. The decision also extends to goods that are exempt from import tariffs and […]
Posted inBasic Materials + Commodities
GASC issues vegoil tender
State commodities buyer General Authority for Supply and Commodities (GASC) has issued a tender for 10,000 metric tonnes of sunflower oil and 25,000 metric tonnes of soybean oil, to be delivered by 20 April, Black Sea Grain reports.
Posted inHealth + Education
Ranbaxy Sun Pharma opens USD 12.5 mn factory in Sixth of October
Ranbaxy Sun Pharma opened a USD 12.5 mn plant in Sixth of October city; it is Sun Pharma’s first manufacturing facility in Egypt, India’s Economic Times reports. The factory’s production capacity is estimated at 50 mn pills per annum for four meds and is expected to deliver EGP 150 mn in annual sales, according to […]
Posted inTourism
Italian delegation in Cairo calls on European countries to lift travel warnings to Egypt
A delegation of Italian parliamentarians, politicians, and professors on a visit to Egypt called on European countries to lift remaining travel warnings for Egypt, Egypt Independent reports. The delegation’s arrival in Cairo marks the first formal visit from Italian officials since the murder of Italian PhD student Giulio Regeni last year.
Posted inEgypt Politics + Economics
Policeman charged with torturing to death fish vendor released on bail, tuk tuk driver shot by policemen dies from wounds
One of the nine policemen charged with torturing to death fish vendor Magdy Maken last year has been released on EGP 5K bail, Al Shorouk reports. Meanwhile, a tuk tuk driver who was shot by a police officer a few days ago in Menoufiya has died from his wounds, Al Masry Al Youm reports. Last […]
Posted inEgypt Politics + Economics
Higher Constitutional Court rejects dissolution of political parties
The Supreme Administrative Court ruled against the dissolution of the Salafist Nour Party and other parties that spawned from religious organizations after the 2011 uprising this week, various media reports said. While the exact parameters of the verdicts are unclear, the court appears to have dismissed the lawsuits for not being raised by an entity […]
Posted inEgypt Politics + Economics
Prime Minister Ismail participates in Conference of Constitutional Jurisdictions of Africa meeting
Prime Minister Sherif Ismail participated in a meeting of the Conference of Constitutional Jurisdictions of Africa, along with Egypt’s parliamentary speaker Ali Abdel Aal and the interior, justice, finance, investment and international cooperation, and parliamentary affairs ministers, according to a Cabinet statement.