Industry & Trade
UAE to finish 25 silos in Egypt March 2016
Published 2015-09-01 14:01:05| Enas Shaaban
UAE is to finish establishing 25 silos worth US$300 million in March 2016, chairman of the Egyptian Holding Company for Silos and Storage (EHCSS) Mahmoud Abdel Hamid said Tuesday. Abdel Hamid told Amwal Al Ghad that the Emirati project aims at implementing silos in 17 governorates to add more than 1.5 million tonnes of wheat as storage capacity. Chairman Abdel Hamid stated that EHCSS is establishing 11 silos while the Egyptian agriculture ministry is implementing around 10 silos. In addition, the General Company for Silos and storage (GCSS) is establishing four silos The Emirati project is to provide around 10 percent of the wasted wheat annually estimated at 2.7 billion Egyptian pounds per year.
- UAE to finish 25 silos in Egypt March 2016
- Egypt’s QIZ exports to United States hit $421.5mn in 7 months
- Giant gas find off Egypt could help settlement of Cyprus problem – President
- Egypt’s ‘supergiant’ gas field production to start in 3 years – Minister
- Egypt’s historic gas find re-writes Israel’s happy ending
- El Sewedy Electric records Q2 net profit of $68.63mn
- Apple explores move into original programming business - Variety
- Massive gas find promises to ease Egypt's fuel crisis
- Orascom licenced to build Aswan’s $100mn solar plant
- Samsung Loses $44 Billion of Value in Worst Streak Since 1983
Iphone maker Apple Inc is looking to move into the original programming business to compete with video streaming companies such as Netflix Inc, Variety reported on Monday. Apple, which aims to begin offering the service next year, has held preliminary talks with executives from Hollywood in recent weeks to gauge their interest in spearheading efforts to produce entertainment content, Variety reported, citing sources. Apple did not immediately respond to a request for comment outside regular U.S. business hours. Apple's goal is to create development and production divisions that would churn out long-form content for online streaming, Variety said, quoting a "high-level executive" at the company. Cupertino, California-based Apple is looking to start hiring for the planned division in the coming months, Variety said, adding that it was not clear whether the focus would be on TV series, movies or both. Bloomberg reported in August that the company would delay its live TV service to at least next year. It had planned to introduce the service, delivered over the Internet, this year.
Egypt is looking to add 500,000 new Internet users by the end of 2015 and increase its internet penetration rate to 50 percent from 34 percent by the end of 2016, communication minister Khaled Ali Negm said. The communication and information technology ministry mandated reduced prices at the start of August as part of its plan to expand Internet access across Egypt and improve speeds. "Every 10 percent increase in Internet penetration increases Egypt's gross domestic product by 1.8 percent," the minister told Reuters in an interview. The ministry hopes to add 1.5 million additional users by the end of 2016 to its current base of 3.4 million ADSL broadband users and increase the minimum speed to 2 megabits per second from the 1 megabit per second currently offered, he said. Since the lower prices came into effect at the beginning of August, 31,000 new Internet subscribers have come online. "By the end of 2016, the Internet in Egypt will look completely different," Negm said.
The Market Quotes Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.
Most Popular »
- Hollande, Merkel, Putin back ceasefire plan for eastern Ukraine: France
- China is growing at 'reasonable' pace despite pressures: Premier
- Thai police hunt more suspects after Bangkok bomb arrest
- Buffett's Berkshire takes $4.48 billion stake in Phillips 66
- Leading EU countries seek urgent meeting on migrant crisis