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Author Archives: enterpriseam admin
Posted inInvestment Watch
Ajlan & Bros could invest USD 1.5 bn in tourism project in Ras Gamila
The Saudi company also eyes stakes in several state-owned companies offered in the privatization program
Posted inEnergy
Private sector energy firms step in line for renewable energy projects under new peer-to-peer system
The peer-to-peer system allows private sector companies to produce renewable energy and sell it directly to private sector firms
Posted inAutomotive
Waja Group ventures into the EV industry in Egypt in partnership with Arab Organization for Industrialisation. PLUS: Al Mansour to expand MG range
The business partners are looking to set up a JV
Posted inStartup watch
Local HR tech startup bluworks closes USD 1 mn pre-seed round
The startup plans to use the funds to develop its services and expand its team
Posted inLAST NIGHT’S TALK SHOWS
Central bank’s net foreign asset deficit falls to lowest level in over two years
A steep drop in the central bank’s net foreign asset deficit dominated talk shows last night, but the nation’s talking heads also found the time to look into why natural gas production at the much hyped Zohr field has been declining. The deficit in net foreign assets at the Central Bank of Egypt in March […]
Posted inEGYPT IN THE NEWS
King Ramses II statue makes its way back to Egypt
The statue, which is now under the care of the Egyptian Museum in Cairo, was smuggled out of Cairo and discovered as stolen in the late 1980s or 1990s.