Business News Wrap-up

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Sat, 07 Apr 2018 - 05:08 GMT

Economy - Pixabay

Economy - Pixabay

Egypt to build railway connecting ports of Nuweiba and East Port Said



The Transport Ministry is planning the construction of a railway that connects the port of Nuweiba in Sinai with East Port Said port, advisor to the Transport Ministry Mostafa al-Deeb said Saturday.

Saudi Arabia to lift ban on Egyptian guava in 2 months



Saudi Arabia is expected to lift its ban on Egyptian fresh guava in two-month time, Head of the Agriculture Export Council Abdel Hamid el-Demerdash said Saturday.

Kabil reshapes Egypt’s side at Egyptian-Russian Business Council



Trade Minister Tarek Kabil issued a decision Saturday to reshape the Egyptian side at the Egyptian-Russian Business Council for the next three years.

The council will be headed by member of Parliament Sahar Talaat Mostafa, Head of the Parliament’s Tourism and Civil Aviation Committee.

Egypt, Morocco keen on boosting trade exchange



Trade exchange between Egypt and Morocco has notably improved over the last period, though it is still below potential, Osama Geneidy board member of the Egyptian-Moroccan Businessmen Association said Saturday.

Egypt, Sudan interested in implementing power linkage project



The Egyptian and Sudanese leaderships are keen on carrying out the electricity interconnection project as part of the efforts to boost bilateral ties, Sudanese Minister of Water Resources, Irrigation, and Electricity Moataz Mousa said Saturday.

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