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30 Jan 2018

Big Heart Foundation assesses its projects in Egypt

The Big Heart Foundation, TBHF, has visited Egypt to assess the development of a number of social projects it is helping to fund in Egypt. The trip was made to evaluate the current impact of the trio of activities and to assess the progress made with them so far.

The joint delegation"...

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30 Jan 2018

Yokogawa receives EPMS and SCADA order for Egypt's national gas grid

Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Middle East & Africa, has received an order from the state-owned Egyptian Natural Gas Company (GASCO), operator of the country’s national gas grid, to supply a gas pipeline management and control system.
"...

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30 Jan 2018

300 new trains for Egypt to come at cost of increased ticket prices

Minister of Transport Hesham Arafat said on Sunday that as part of an agreement with the Arab Organization for Industrialization (AOI), the ministry will construct 300 new trains, and ticket prices will increase at the end of the 2018 fiscal year.

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30 Jan 2018

Sharm, Hurghada hotels maintain touristic hotspot status; 84%, 72% forecasted growth respectively: Colliers

Sharm El-Sheikh and Hurghada hotels continued to grow from their low performance in the first quarter of 2017, and maintained their status as touristic hotspots with a forecasted growth of 84% and 72% respectively in revenues per available rooms (RevPAR), according to Colliers International’s"...

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30 Jan 2018

Raya Holding to invest $70m in agriculture factory in Uganda

Raya Holding for Financial Investment will invest $24m in an agricultural products factory in Uganda, the company said in a press release on Monday.

The total cost of the project is $70m, Raya said in a statement"...

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30 Jan 2018

Creating jobs for youth main challenge for Arab region: Azour

Marrakesh – Unemployment continues to be the main challenge facing the Middle East and North Africa (MENA) region, Jihad Azour, president of the International Monetary Fund (IMF) in the Middle East and Central Asia told Daily News Egypt Monday on the sidelines of the IMF’s Opportunity"...

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30 Jan 2018

JTI expands its business and investments in Egyptian Market

Japan Tobacco International (JTI) recently launched its new product “CAMEL” in the Egyptian market. CAMEL, a new brand of cigarettes, will be available in two variations: CAMEL Yellow and CAMEL Blue for EGP 30 per pack.

The"...

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30 Jan 2018

AMECATH to have second plant for manufacturing catheter kits in Egypt

Ameco Medical Industries for Catheters & Healthcare ( AMECATH) is looking to expand into local market through acquiring a medical plant specialized in manufacturing catheter kits and accessories.

With the plant"...

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30 Jan 2018

EU and Egypt continue stepping up Ukrainian soybean imports

Soybean exports from Ukraine totaled 425.1 KMT in December 2017, or 18.6% less than in the previous month (522.3 KMT) and down 3.1% from December 2016.

Overall, the country exported 1230.3 KMT of soybeans in September-December"...

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30 Jan 2018

Egypt receives final $500m tranche of African bank loan

Egypt yesterday signed an agreement to receive the third $500 million tranche of a $1.5 billion loan package from the African Development Bank (AfDB).

The loan agreement, which was approved by AfDB’s board of"...

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