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From October 12–16, Somabay hosted the Somabay World Cup for the first time in Egypt, welcoming 173 participants from 19 countries to its signature Red Sea course. The tournament spotlighted Egypt’s growing presence on the global golf map, set against Somabay’s year-round sunshine, luxury resorts, and world-class sports and leisure scene.
Author Archives: enterpriseam admin
Posted inEconomy
IMF upgrades our FY 2025-26 growth forecast to 4.5%
The upgrade was supported by the rise in inflows from remittances and an increase in tourism revenues
Posted inEnergy
Another step toward bringing in Cypriot gas for liquidation, re-export
First gas from Cronos is targeted for 2027
Posted inTax
Finance Ministry to suspend taxes on machinery and production lines until factories begin operations
A ministerial decree activating the measure is expected soon
Posted inReal estate
Gov’t launches fresh mortgage financing initiative
The initiative offers flexible terms and covers ready-to-move units
Posted inMoves
Concrete Fashion Group taps Sameh Hedayah to head UAE, Saudi Arabia, and Oman operations
Concrete Fashion Group for Commercial and Industrial Investments appointed Sameh Hedayah (LinkedIn) as director of its subsidiaries in the UAE, Saudi Arabia, and Oman, replacing Mohamed Khalifa, according to an EGX disclosure (pdf). Hedayah has been with the company since 2014, most recently as the company’s head of retail. Hedayah’s appointment comes hot on the […]
Posted inAlso on our Radar
Ownership shakeup at Coca-Cola Beverages Africa
PLUS- The Egyptian Anode Blocks Company’s Ain Sokhna plant kicked off trial operations following the completion of the first phase of rehabilitation