• Monday, 24 December 2018

    ITDA to tender 8 retail and logistics centers in 6 governorates

    The Supply Ministry’s Internal Trade Development Agency (ITDA) will launch tenders for eight commercial and logistics centers in six governorates across Egypt, ITDA head Ibrahim El Ashmawy announced. ITDA has set up an investment map to identify each governorate’s needs...
  • Sunday, 23 December 2018

    House approves civil rights, medical tourism legislation

    LEGISLATION WATCH- It was a busy weekend at the House of Representatives as MPs: Medical tourism bill: The House Tourism Committee discussed a medical tourism bill yesterday. MPs will meet again today to start working on the bill and a...
  • Thursday, 20 December 2018

    El Sisi meets Austrian businessmen on his last day in Vienna

    President Abdel Fattah El Sisi met yesterday with the CEOs of 10 Austrian companies along with the Egyptian-Austrian Business Council in Vienna, according to an Ittihadiya statement. The two sides discussed encouraging Austrian businessmen to further invest in Egypt. Separately,...
  • Thursday, 20 December 2018

    Talking heads busy themselves with a tally of El Sisi’s meetings in Vienna

    On an otherwise bland evening, the talking heads busied themselves with a tally of President Abdel Fattah El Sisi’s meetings during his visit to Vienna, which wrapped yesterday. We also have more details in Diplomacy + Foreign Trade, below.The president’s...
  • Wednesday, 19 December 2018

    SCA increases fee discounts for tankers passing from US to Asia in 2019

    The Suez Canal Authority (SCA) will offer fee discounts of 50-75% for fuel tankers traveling between the US or Latin America and Asia for one year as of January 2019, according to Al Mal.
  • Monday, 17 December 2018

    Eastern Company says counterfeit cigarettes have no impact on the company

    State-owned tobacco maker Eastern Company said the counterfeit Cleopatra cigarettes manufactured in Montenegro have had no impact on the company’s growth, according to a statement to the EGX (pdf). The counterfeit production operation — which we delved into last week...
  • Sunday, 16 December 2018

    Egypt’s car component makers eager to see sector development strategy in action

    Auto components manufacturers want to see the government implementing a sector development strategy that sets uniform quality standards, provides incentives to exporters, and introduces protectionist policies by disallowing cheaper, poorly made imports, member of the Federation of Egyptian Industries’ automotive...
  • Sunday, 16 December 2018

    Egypt’s orange exports expected to increase by 7%

    Egypt’s orange exports are expected to increase by 7% or 110,000 MT in the marketing year (MY) 2018-2019, according to a US Department of Agriculture report. The expected jump in exports comes on the back of plans to increase the...
  • Tuesday, 11 December 2018

    MAF to invest USD 500 mn in Egypt next year

    INVESTMENT WATCH- MAF to invest USD 500 mn in Egypt next year: Majid Al-Futtaim Group (MAF) is planning to invest USD 500 mn in Egypt next year, Executive Regional Manager Herve Majidier told Al Mal. The company is aiming to...

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