Business news wrap-up
Sat, Nov. 18, 2017
Headed by President Abdel- Fatah el-Sisi, Egypt celebrated Saturday the inauguration of the largest fish farm in the Middle East and North Africa region (MENA), located in Berket Ghalioun in Kafr El-Sheikh governorate.
Egypt is keen to bolster the economic cooperation with India, particularly in the field of micro, small and medium-sized enterprises (SMEs), Minister of Trade and Industry Tarek Kabil said in a statement Saturday.
Governor of Marsa Matrouh governorate Alaa Abou-Zeid inaugurated on Saturday a new production line in one of the dates factories, at an investment of LE 5 million.
Egypt received more than one million German tourists between January and November 2017, Egyptian tourism consultant in Germany Mohamed Abdel-Gabbar said Saturday.
Should Orascom Development Egypt (ODE) be able to repay between LE 700 million and LE 1 billion of its debt in 2018, its financial situation will be much better, the company’s CEO Khaled Bichara Said on Saturday.
Social Solidarity Minister and Board Chairperson of the Addiction Treatment and Abuse Fund (ATAF) Ghada Wali is due to ink a protocol of cooperation on Sunday with the National Authority for Egypt Railways.
Red Sea Governor Major General Ahmed Abdullah convened with a foreign investment delegation representing American and British companies to discuss investment opportunities.