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Heliopolis Housing and Development (HHD) will sell an undisclosed number of land plots in El Shorouk City in an open auction on 29 October, according to Hapi Journal. The plots of land range between one and 30 acres in size and can be used for residential, administrative, or commercial purposes. The auction comes as the […]
Author Archives: enterpriseam admin
Posted inTourism
Hyatt returns to Cairo with Hyatt Regency Cairo West hotel
Hyatt has signed a franchise agreement with ALDAU Development to establish Hyatt Regency Cairo West, a Hyatt-branded hotel expected to open in Cairo in 4Q 2020, the company said in a statement. The hotel will mark Hyatt’s return to the Egyptian capital, and will feature 242 rooms overlooking the Giza pyramids.
Posted inTourism
EgyptAir launches flights between Cairo and Budapest
EgyptAir has begun operating four flights each week between Cairo and Budapest, according to Egypt Today.
Posted inAutomotive + Transportation
Egypt’s car sales drop 6.5% y-o-y in 8M2019
Total car sales in Egypt dropped 6.5% y-o-y in the first eight months of 2019 to 104,717 vehicles, according to figures from the Automotive Information Council (AMIC) cited by Masrawy. The auto industry had shown signs of recovery last year, but sales have fallen each month since January.
Posted inAutomotive + Transportation
Egypt to receive first batch of 50 railcars from Transmashholding in January
Russian rail equipment manufacturer Transmashholding is set to deliver next January the first 50 railcars of 1,300 to be supplied to Egypt under a EGP 22 bn contract, the Transport Ministry said in a statement. Transport Minister Kamel El Wazir inspected a sample car during his recent visit to Russia. A second sample will be […]
Posted inAutomotive + Transportation
Mwasalat Misr begins operating Sixth of October-Central Cairo buses
Mwasalat Misr has begun operating bus routes between Sixth of October City and Sheikh Zayed to Abdel Moneim Riad and Cairo University stations with a total of 7 lines and 50 buses, the local press reported.
Posted inBanking + Finance
National Bank of Egypt, QNB provide EGP 1.7 bn loan to Redcon Construction
The National Bank of Egypt (NBE) and Qatar National Bank are providing a EGP 1.7 bn syndicated loan to Redcon Construction, according to Al Mal. The money will finance the company’s contracting operations to build multi-purpose towers in New Alamein City.
Posted inEgypt Politics + Economics
Former Menoufia governor sentenced to prison for graft
Former Menoufia governor Hesham Abdel Baset was sentenced to 10 years in prison and handed a EGP 58 mn fine for laundering EGP 28 mn, according to Egypt Today. The Administrative Control Authority (ACA) also separately arrested two officials at an unnamed construction company for allegedly accepting EGP 800 mn in bribes, according to Ahram […]
Posted inSports
Egypt to host World Men's Handball Championship in 2021
The Egyptian Handball Federation signed on Thursday an agreement with the International Handball Federation that will see Egypt host the 2021 World Men's Handball Championship, according to Xinhua. This will be the second time Egypt hosts the event, with the first being in 1999.
Posted inON YOUR WAY OUT
Tutankhamun exhibition hitting London next month
Tutankhamun exhibition hitting London next month: King Tutankhamun’s artifacts will be on display at the Treasures Of The Golden Pharaoh exhibition in London’s Saatchi Gallery next month as part of its multi-year, 10-city world tour, according to the Daily Mail. A big crowd is expected at the gallery to see the 5,000 or so items […]