Section: Daily News Egypt (Egypt)
Exxon Mobil requests sanctions waiver for Russia projects
The Texas-based oil giant has projects lined up in the Black Sea alongside Russian state-owned Rosneft. A previous partnership in 2014 was broken over Russia’s annexation of Crimea and ensuing Western sanctions.American oil giant Exxon Mobil is seeking the green light from President Trump’s administration in order to resume drilling...
Russian tourists will not return to Sharm El-Sheikh before 2018: Hisham Ali
The head of the Tourism Investors Association in South Sinai, Hisham Ali, does not see a glimmer of hope that indicates the return of Russian and English tourists to Sharm El-Sheikh before mid-2018. He said that the Egyptian government has exerted great efforts to review the security at various Egyptian airports in order to resume Russian flights...
Russian hackers use Dutch polls as practice
The Dutch government, like its German and French counterparts, fears that Russia is trying to influence the upcoming election through hacking schemes and by spreading fake news. Thessa Lageman reports.It shouldn’t really come as a surprise, but the audacity remains breathtaking: In the past six months, foreign countries, in particular...
Herbs Maker targets EGP 100m of exports this year
Herbs Maker, a company for the production and export of herbs, spices, and grains, aims to achieve EGP 100m of exports in 2017. Chairperson of the company Ahmed Nagy said that the company aims to increase the size of its herbal products, spices, and cereals exports by 40% to reach EGP 100m, up from EGP 70m last year. He told Al Borsa that the...
Initial reconciliation between Flash Tour and the Ukranian company Join Up, sources
Sources at the Egyptian Travel Agents Association and the Ministry of Tourism revealed that the amount of money disputed between the Ukrainian company Join Up and the Egyptian company Flash Tour is roughly $2.7m. The sources said that the Ministry of Tourism has intervened to resolve the dispute in order to preserve the continuation of the work...
Agricultural crop companies offer prescription to increase exports after floatation
Leaders of a number of companies that will take part in the Fruit Logistica Exhibition called upon the government to intensify the role of trade representation offices at Egyptian embassies abroad to become a liaison between companies and importers. They said that companies should put together a strategy to set the prices and quantities that are...
Nile Establishment for International Trade targets exporting 60,000 tonnes of oranges in 2017
The Nile Establishment for International Trade aims to export 60,000 tonnes of oranges worth $27m in 2017, up from 41,000 tonnes at $18.5m in 2016, with an average price of $450 per tonne. The head of exports and logistics, Nader Shanab, said that the company targets to hit an increase of 46%. He added that the decision to float the Egyptian...
Royal for International Trade to enter 5 markets, including Malaysia, Singapore, Bangladesh
Royal for International Trade intends to export 20,000 tonnes of citrus fruits in 2017, up from 16,700 tonnes last year, a target growth of 20%. The chairperson of the company, Shady El Adawy, said that Royal exports its products to 20 companies worldwide, with plans to penetrate five new markets in 2017 as part of its ambitious expansion plan....
Al-Sisi meets Macedonian president, other former presidents and officials
Egypt’s President Abdel Fattah Al-Sisi met with the Macedonian president, several former presidents, and officials on Saturday, during their visit to Egypt to participate in “Democratic security in the time of extremism and violence” conference, according to a presidential statement. The meeting included the former presidents of Ukraine,...
ETAA settles disputes with foreign companies, restores $4.750m for members
The Egyptian Travel Agents Association (ETAA) restored $4.750m from foreign companies that stopped paying their dues to the Egyptian companies in the last year. According to a financial statement by the association, the ETAA concluded settlement agreements with a number of foreign companies to pay the dues of Egyptian companies. As a result, it...
