Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
GASC has purchased 360k tonnes of wheat from Russia, Ukraine and Romania for delivery in 16-25 March, Al Borsa reports.
Author Archives: enterpriseam admin
Posted inManufacturing
Trade and Industry Ministry launches first phase of Upper Egypt investment map
The Trade and Industry Ministry has launched the website for its Upper Egypt investment road map, Al Borsa reported. The road map includes around 600 investment opportunities in seven governorates including Qena, Sohag, Beni Suef, Luxor, Minya, Aswan, and Assiut, Trade and Industry Minister Tarek Kabil said. These are projects are only the first wave […]
Posted inManufacturing
SEMAF sourcing 15% of components for trams domestically
The Arab Organization for Industrialization’s SEMAF factory has contracted a Ukrainian company to build and supply 15 trams to Alexandria at a total cost of USD 17.5 mn, head of the Public Transportation Authority in Alexandria Khaled Elewa told Al Borsa. Fifteen percent of the tram components will be sourced domestically by SEMAF, government source […]
Posted inHealth + Education
Social Solidarity Minister Ghada Wali denies suggesting penalties for over-reproduction
Social Solidarity Minister Ghada Wali denied making a statement advocating for setting penalties for over-reproduction a la China’s one child policy, saying she was misquoted. What she meant to say is that parents who have several children and fail to raise them correctly by giving them a proper education should be punished (we could get […]
Posted inReal Estate + Housing
Administrative Capital for Urban Development taps Arab Contractors for House of Representatives building
The Administrative Capital for Urban Development company has tapped the Arab Contractors to construct the new House of Representatives building at the government block of the Administrative Capital, Arab Contractors Vice President Emam Afifi told Al Borsa. The project will be completed within 18 months, he added. The value of the agreement was not revealed.
Posted inReal Estate + Housing
Heliopolis Housing reaches agreement on Merryland Park
The Heliopolis Company for Housing and Development (HCHD) has reached an agreement with Magic Dreams and the Defense Ministry that will see Magic Dreams finalize its development of Merryland Park by the end of August, Al Mal reports. The agreement will also see the ministry becoming the financial guarantor for the project instead of HCHD. […]
Posted inTourism
Malaysian outbound agents putting Egypt back on their radar
Outbound agents are looking to put Egypt back on the travel radar for Malaysians by leveraging cheaper ground prices and promoting the destination aggressively at the upcoming MATTA Fair in Kuala Lumpur next month, TTG Asia reported. “In general, ground arrangements are around 20-30% less throughout the country as compared to 2013 rates. For USD […]
Posted inTourism
Tourism Ministry rejects CPA decision to ban minimum charge in ministry-affiliated facilities
The Tourism Ministry furious that the Consumer Protection Agency’s (CPA) is meddling in its policy of allowing licensed tourist restaurants and cafes to impose minimum charges, Al Borsa reports. The CPA has tried to ban the practice, which is common in establishments licensed by the Tourism Ministry.
Posted inAutomotive + Transportation
GB Auto and Kastour Egypt begin delivering new buses to Alexandria Transport Authority
GB Auto has delivered 30 out of 50 new buses to the Public Transport Authority in Alexandria, under a EGP 87.5 mn contract that should be fulfilled by July, Al Borsa reports. Kastour Egypt has also delivered 40 out of 81 mini buses that are costing the authority some EGP 55 mn.
Posted inOther Business News of Note
Airlines refusing to repatriate profits following EGP float-induced losses
Some international airlines are refusing to repatriate profits from Egypt following the losses they have incurred after the EGP devaluation, Al Mal reported. A source said the central bank has asked the airlines to wait until June to repatriate their profits, and that they are working together to resolve the issue.