Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The Arab Organization (AOI) for Industry-affiliated railways factory SEMAF is in talks with Korea’s Hyundai Rotem to build 1,314 freighter cars, which the AOI will export to Mozambique, Al Borsa reported. The estimated value of the agreement is USD 500 mn and about 60-80% of the needed inputs will be sourced locally, factory Chairman Abdul-Rahman […]
Author Archives: enterpriseam admin
Posted inHealth + Education
Health Ministry announces details of agreement with Pharmacists’ Syndicate
The Health Ministry is promising that it will pass the responsibility of clearing pharmacies of expired meds on to pharma companies, in another capitulation to the tantrums of the Pharmacists Syndicate. Pharma companies must now reimburse pharmacists for expired products without receipts, ministry spokesman Khaled Megahed confirmed to Al Shorouk. .
Posted inHealth + Education
Suppliers of state hospitals complain of being squeezed by the gov’t
The government is apparently squeezing government hospital suppliers, and is using the Auctions and Tenders Act to do it, said the head of the medical equipment division of the Cairo Chambers of Commerce Ismail Abdo. He says the government has not yet increased the prices of medical supplies and equipment to accommodate the EGP float, […]
Posted inReal Estate + Housing
Administrative Capital Company fails to reach agreement with CSCEC on government block
The Administrative Capital for Urban Development Company will build the government block using Egyptian contractors after failing to reach an agreement with the China State Construction Engineering Corporation (CSCEC), Chairman Ayman Ismail tells Al Masry Al Youm.
Posted inAutomotive + Transportation
Public Transport Authority to issue tender for 286 buses in two months
The Public Transport Authority will issue a tender for 286 buses in two months’ time, Al Borsa reported.
Posted inBanking + Finance
CI Capital to take on NIB restructuring
Investment firm CI Capital will be taking on the restructuring of the National Investment Bank (NIB), Amwal Al Ghad claims, citing unnamed sources “close to the matter.”
Posted inBanking + Finance
Misr Italia looking to borrow EGP 712 mn
Real estate developer Misr Italia is looking to borrow EGP 712 mn to fund its Cairo Business Park project in the Fifth Settlement, Amwal Al Ghad reported, citing an unnamed source. The National Bank of Egypt and the Arab Investment Bank have agreed to contribute EGP 312 mn and EGP 100 mn, respectively, and negotiations […]
Posted inOther Business News of Note
Al Hayat establishes advertising agency
Al Hayat television network has established an advertising agency by the name Hayat Media Services (HMS) that becomes the exclusive advertising agent for the network, Al Mal reported. HMS will be chaired by Ihab Talaat, the company statement said.
Posted inEgypt Politics + Economics
Al Sadat threatens to take legal action against House, denies charges against him
MP Mohamed Anwar Al Sadat’s feud with fellow members of the House of Representatives continues as tells Al Mal that he will file a complaint with the Prosecutor General’s Office if the House Ethics Committee takes disciplinary action against him. Al Sadat has denied charges he leaked a draft of the NGO bill to foreign […]
Posted inNational Security
Military kills 14 militants in central Sinai
The Armed Forces killed 14 militants and arrested 10 in a raid in central Sinai, the Armed Forces spokesperson told Reuters. The five-day operation has destroyed three car bombs, 10 explosive devices, and seized communication devices, military clothing, and weapons, the spokesperson said.