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Business news wrap-up

Sat, Nov. 18, 2017

Facts about MENA's largest fish farm in Kafr El-Sheikh


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.

Kabil mulls cooperation with India in SMEs, textile sectors


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.

New production line for dates inaugurated in Matrouh


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 receives 1M German tourists in 11 months


Egypt received more than one million German tourists between January and November 2017, Egyptian tourism consultant in Germany Mohamed Abdel-Gabbar said Saturday.

Orascom Development plans to settle some of its debts in 2018


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.

ATAF, National Authority for Railways to sign cooperation protocol


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, foreign delegation discuss investment opportunities


Red Sea Governor Major General Ahmed Abdullah convened with a foreign investment delegation representing American and British companies to discuss investment opportunities.
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