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Join us for an unforgettable Easter vacation at Somabay from May 2-6: Enjoy daily beachside beats with DJ Van Heldt at S.Cape Beach, and special events like the World Jazz Day celebration, DJ Aly Fathalla at Sobar Rooftop and the Solorize Music Event. There's something for everyone with the Playpark Carnival, DJ Dennis at S.Cape […]
Author Archives: enterpriseam admin
Posted inManufacturing
Chinese USD 146 mn iron pipes factory breaks ground. PLUS: A Thai USD 20 mn sportswear factory in the works, EGP 100 mn home appliances factory for Egypt’s Tredco
The USD 20 mn clothing factory will be the first Thai industrial project in Egypt
Posted inDiplomacy
Egypt, Belarus ink agreements to boost trade and investment
The agreements include an MoU to boost investment in each other’s stock markets
Posted inAutomotive
Auto sales fall 43% m-o-m in March as customers wait for further price reductions
Distributors sold a mere 4.2k units last month, down just over 43% m-o-m
Posted inEARNINGS WATCH
HSBC’s revenue inches up in Q1 2024 + CEO Noel Quinn resigns
CEO Noel Quinn is stepping down from his post after nearly five years
Posted inLAST NIGHT’S TALK SHOWS
Health Ministry allays fears amid fresh AstraZeneca Covid-19 blood clots controversy
Pundits took to the airwaves to discuss the news that the AstraZeneca vaccine can lead to blood clots
Posted inAlso on our Radar
US International Development Finance Corporation mulls financing Actis’ Gabal El Zeit acquisition. PLUS: Saudi SMEs to expand in Egypt, The HUB plan new frozen food factory, UAE’s Horizon Egypt eyes North Coast project
This comes only a few weeks after the European Bank for Reconstruction said it was reviewing a proposed loan for the same project
Posted inPLANET FINANCE
ADQ to sell first USD-denominated bonds
The USD-denominated issuance would help fund future acquisitions