January 17, 2018

Egypt's GASC receives offers from six suppliers at wheat tender

Supplier GTCS provided the lowest offer at $197 a tonne free-on-board (FOB) for 55,000 tonnes of Russian wheat. Maha El Dahan and Michael Hogan, Reuters News DUBAI/HAMBURG- Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), has received offers from six suppliers at its latest international wheat purchasing tender, traders said on Tuesday. Supplier GTCS provided the lowest offer at $197 a tonne free-on-board (FOB) for 55,000 tonnes of Russian wheat. GASC is expected to announce the results of the tender......

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South Sudan’s Jubek State, Atta Group sign cooperation protocol to establish largest industrial zone January 17, 2018

Jubek State of South Sudan signed in Cairo a memorandum of understanding (MoU) and a cooperation protocol with the Arab Organisation for Industrialisation (AOI) and the"...

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GE demands Electricity Ministry pay maintenance dues January 17, 2018

General Electric (GE) has asked the Ministry of Electricity to pay part of its $148m dues, owed for maintenance work carried out at production plants.

Sources"...

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Intensive cooperation between government, private sector in transforming to cashless economy January 17, 2018

Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that the government’s efforts have achieved great success in implementing the digitised"...

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23.6m smartphones in Egypt at end-2017 January 17, 2018

The number of smartphones in the domestic market has risen to 23.6m at the end of 2017, up from 21m at the end of 2016.

The"...

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Egypt to Construct Country’s Largest Ever Water Treatment Plant January 13, 2018

To prevent future water shortages, Egypt will construct the country’s largest ever water treatment plant, according to President Abdel-Fattah el-Sissi. The prospect of future water shortages arrives in the midst of a conflict with another African nation, Ethiopia, who is still mired in the massive undertaking of constructing a massive dam, which will likely have substantial effects on Egypt’s water supply. Egypt claims that the construction of this hydroelectric plant in Ethiopia would cause an inequitable water share of the Nile River, a significant water source for both nations. However, Ethiopia denies that a disparity in distribution......

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Egypt Sees 55 Percent More Tourists in 2017, Despite Flight Ban - January 11, 2018

Tourist arrivals increased 55 percent year-on-year in the first 11 months of 2017, the head of Egypt’s Tourism Promotion Authority Hisham al-Demery, said.

According to al-Demery, Arab tourists accounted for"...

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