January 17, 2018

Egypt's GASC receives offers from six suppliers at wheat tender

Supplier GTCS provided the lowest offer at $197 a tonne free-on-board (FOB) for 55,000 tonnes of Russian wheat. Maha El Dahan and Michael Hogan, Reuters News DUBAI/HAMBURG- Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), has received offers from six suppliers at its latest international wheat purchasing tender, traders said on Tuesday. Supplier GTCS provided the lowest offer at $197 a tonne free-on-board (FOB) for 55,000 tonnes of Russian wheat. GASC is expected to announce the results of the tender......

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Electricity Ministry aims to save EGP 4.1bn in household consumption in FY 2018/2019 January 18, 2018

The Ministry of Electricity and Renewable Energy plans to achieve an annual saving in household consumption of electricity estimated at EGP 4.1bn in the next fiscal year"...

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Orascom Development Egypt reports 87.5% increase in net sales for FY17 January 18, 2018

Orascom Development Egypt (ODE) (ORHD) is pleased to announce that its net sales increased by 87.5% Y-o-Y to reach EGP 1.46 billion in FY 2017 compared to EGP 781 million in FY 2016, driven by the strong sales momentum in El Gouna. El Gouna continued its leading market position within the Egyptian tourism industry. The new hotel management strategy introduced in January 2017, coupled with the renovation of six hotels triggered......

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Egypt appoints first female tourism minister January 18, 2018

Rania Al-Mashat has become one of six women to currently occupy ministerial roles – the nation’s highest proportion in history.

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UAE, Egypt among 11 countries to launch most innovative buildings in 2018 January 18, 2018

The UAE and Egypt are among a list of 11 countries launching the most innovative buildings in 2018, UK’s the Telegraph reported.
Four structures for the United"...

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Egypt to Construct Country’s Largest Ever Water Treatment Plant January 13, 2018

To prevent future water shortages, Egypt will construct the country’s largest ever water treatment plant, according to President Abdel-Fattah el-Sissi. The prospect of future water shortages arrives in the midst of a conflict with another African nation, Ethiopia, who is still mired in the massive undertaking of constructing a massive dam, which will likely have substantial effects on Egypt’s water supply. Egypt claims that the construction of this hydroelectric plant in Ethiopia would cause an inequitable water share of the Nile River, a significant water source for both nations. However, Ethiopia denies that a disparity in distribution......

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Egypt Sees 55 Percent More Tourists in 2017, Despite Flight Ban - January 11, 2018

Tourist arrivals increased 55 percent year-on-year in the first 11 months of 2017, the head of Egypt’s Tourism Promotion Authority Hisham al-Demery, said.

According to al-Demery, Arab tourists accounted for"...

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