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Emerging market growth picked up “sharply” in January, the Financial Times reports, citing data from the Institute of International Finance that found rebounds in “industrial production and trade, particularly exports. … The apparent surge in EM growth coincides with surprisingly strong trade figures from China, which said its exports were up 7.9 per cent in […]
Author Archives: enterpriseam admin
Posted inImage of the Day
Victorian khawagas being tourists in Egypt in the late 1800s
Victorian khawagas being tourists in Egypt in the late 1800s: Fascination with Egypt’s antiquities has been well documented over the years. “While it’s forbidden for tourists nowadays to clamber up Egypt’s pyramids to take a snap, back in Victorian times it was all the rage,” Naomi Leach writes for Mail Online. She published a number […]
Posted inEGYPT IN THE NEWS
A mixed bag of nuts for Egypt in the international press on 16 February 2017
Egypt’s role in regional peace processes is at center stage this morning as the international media look at Cairo’s efforts to mediate between warring factions in Libya and discuss Egypt’s role in the Israeli-Palestinian conflict after US President Donald Trump decided he would back either a one- or two-state solution. Trump reportedly hopes Egypt and […]
Posted inOn Deadline
Egypt’s cotton production is being neglected
Egypt’s cotton production is being neglected despite long-staple cotton being a highly valued commodity on an international level, Karim Abdel Salam writes in a column penned for Youm7. Abdel Salam takes note of the Welspun India scandal, which he says shows that international companies understand how valuable Egyptian cotton is, and wonders why the national […]
Posted inDiplomacy + Foreign Trade
Egypt mediates between Libyan rivals in Cairo
Egypt’s Chief of Staff Mahmoud Hegazy mediated between the head of Libya's UN-backed government, Fayez Serraj, and Khalifa Hifter, the country's most powerful army commander, Egyptian army spokesman Tamer El Rifai told the Associated Press. The two agreed to form a joint committee that would make key changes to the 2015 UN-brokered peace deal. Once […]
Posted inDiplomacy + Foreign Trade
Egyptian-Kenyan Business Council to boost trade by USD 600 mn
Egypt’s business councils eye strategies to boost trade in Africa: The Egyptian-Kenyan Business Council has approved forming six subcommittees to implement a strategy to increase trade between the two countries from USD 400 mn to USD 1 bn, Al Borsa reported. The subcommittees included the energy, engineering, petrochemicals, agriculture, food, animal resources, textiles, building materials, […]
Posted inDiplomacy + Foreign Trade
EGX and SSX sign cooperation MoU
The Egyptian Exchange and Sydney Stock Exchange signed a MoU, Wednesday, agreeing to cooperate within fields of mutual interest, AMAY reports.
Posted inInfrastructure
Suez Canal Authority receives five offers to build USD 600 mn ship fueling station
The Suez Canal Authority has five offers from regional and International investors to participate in a project to build a ship fueling station in the Adabiya Port with an investment cost of USD 600 mn, authority chief Mohab Mamish told Al Mal. The offers come from Kuwait, the UAE, Saudi Arabia, the Netherlands, and Russia, […]
Posted inBasic Materials + Commodities
Prices slowly and cautiously going down
Prices of basic foods (wheat, sugar, and cooking oil) and appliances have begun to slowly decrease as EGP appreciates, Al Borsa reports. The newspaper provided a detailed list of the price changes.
Posted inManufacturing
Finland’s Huhtamaki investing in new facilities in Egypt
Finnish food packing specialist Huhtamäki Oyj is investing in new facilities in Egypt, according to its 2016 financials release. The total investment in Egypt is expected to be approximately EUR 23 mn with Huhtamaki share at around EUR 17 mn, as the investment will be operated as a joint venture. In October, the company announced […]