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22 Aug 2017

Egypt hopes to complete designs of New Alamein’s tourist area - Phase I in 2 weeks

Egypt looks to complete designs for the first phase of New El Alamein City ‘s touristic and commercial area within two weeks, people in the construction sector familiar with the matter said.

The touristic and"...

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22 Aug 2017

Egypt construction federation urges equipment import duties down to 5%

The Egyptian Federation for Construction and Building Contractors (EFCBC) is demanding the country’s Tax Authority to narrow tax on imported equipment to five percent from 14 percent.

Gaber Attia, Head of Tax"...

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22 Aug 2017

Egypt issued a tender to purchase vegoils

According to market participants, Egypt’s state buyer GASC has issued a tender to purchase 30 KMT of soybean oil and 10 KMT of sunflower oil, reports UkrAgroConsult. The sunflower oil delivery period – October 01-15, 2017, soybean oil - October 15-30, 2017. The deadline for tender bids is August 24, 2017. As a reminder, 61 KMT of vegoil was bought in the previous tender held on July 20, 2017. More detailed information on tenders is available to subscribers for weekly market report 'Black Sea Vegoils+CIS' by UkrAgroConsult.......

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22 Aug 2017

Egypt’s health ministry says German report on organ trafficking “harmful to national security”

Egypt’s Health Ministry denied that Egypt is a hot spot for illegal organ trafficking on Sunday, after a short German investigative documentary about organ trafficking in the country, a ministry statement said. In the statement, the ministry questioned the credibility of the documentary, saying it “harms Egyptian medical tourism, as part of a systematic campaign to harm the country’s national security.” It further asserted that the footage taken from outside ministry hospitals does not prove that organ trafficking......

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22 Aug 2017

ECO Animal Health gets Egypt approval for Aivlosin

ECO Animal Health Group announced on Monday that it has received a marketing authorisation from the Drug Authority of the Ministry of Health of Egypt, for the use of Aivlosin 625 mg/g water soluble granules in chickens laying eggs for human consumption.
The AIM-traded firm said the"...

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22 Aug 2017

Ministries of Military Production, Local Development to jointly implement development projects in 4,700 villages

Minister of Military Production Mohamed Al-Assar discussed on Monday means of joint cooperation with Minister of Local Development Hisham El-Sharif to implement several developmental projects in a number of Egyptian villages.

The"...

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22 Aug 2017

Motorola smartphones available through Sky Distribution

Lenovo, through its subsidiary, Motorola, and Sky Distribution announced a strategic collaboration to distribute Motorola smartphones in Egypt through Sky Distribution’s extensive online/offline network across Egypt.

Through"...

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21 Aug 2017

Egypt: The market shrugs off higher interest rates, again

For the last two months, both large and small caps have been on the rise, with the latter outperforming the former on a year-to-date basis by a margin of 4-to-1. Indeed, since the start of the year, the EGX 70 is up 47.9 percent, while the benchmark EGX 30 is up by just 12 percent. In the"...

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21 Aug 2017

Egyptian government approves discounts on seaports tariffs

Minister of Transports Dr. Hisham Arafat and head of the Suez Canal Authority Mohab Mamish announced decision to cut tariffs imposed on handling containers at transit seaports and to provide shipping lines with nearly 50% incentives per year.

Al-Mal newspaper had exclusively"...

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21 Aug 2017

Global Gap measures to be applied on Egypt's exports of strawberry

Ministry of Agriculture and Land Reclamation started off preparations for strawberry exports season due to commence late this month, as the proper agricultural practices, named ' Global Gap,' will be initiated in Egypt for the first time to counter loopholes that challenged exporters"...

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