Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
The European Bank for Reconstruction and Development (EBRD) will be selecting on behalf of the Egyptian Electric Utility & Consumer Protection Regulatory Agency (Egyptera) a consultant to design the independent power producer (IPP) framework, according to the domestic press. The EBRD has invited banks with relevant experience to submit their bids and will announce the […]
Author Archives: enterpriseam admin
Posted inHealth + Education
CIRA acquires majority stake in BCCIS for up to EGP 100 mn
Leading private sector education provider Cairo for Real Estate and Investment (CIRA) has agreed to acquire a majority stake in the British Columbia Canadian International School (BCCIS) through the acquisition of a 60% stake in its parent company, Star Light Educational DMCC Corporation, it said in an EGX disclosure (pdf). The transaction will cost up […]
Posted inReal Estate + Housing
Egypt to announce new investment openings in new cities, administrative capital
Egypt will next week announce new investment openings and housing projects in a number of cities, including the new administrative capital and New Alamein, Housing Minister Assem El Gazzar said on the sidelines of the Big 5 Construct Egypt conference yesterday.
Posted inAutomotive + Transportation
Egyptian National Railways Authority to issue 100 locomotives tender in 4Q
The National Railways Authority (NRA) will issue a tender for the purchase of 100 new locomotives during 4Q2019, according to the local press. The purchase will be financed through a EUR 290 mn loan from the European Bank for Reconstruction and Development (EBRD). Previous reports had suggested that the NRA was planning to issue the […]
Posted inAutomotive + Transportation
GB Auto to supply Careem with locally assembled Chery Arizzo cars
Ride-hailing company Careem has reached an agreement with GB Auto to supply it with an undisclosed number of Chery Arizzo 5 cars for its registered drivers, Al Mal reported. The cars’ prices will range between EGP 168.9k and EGP 202.9k, according to a message the company sent to the drivers this week.
Posted inBanking + Finance
Deadline for remaining GTH shareholders to sell shares through OPR is today
The EGX has set today as the deadline for Global Telecom Holding shareholders who did not sell their shares to Veon during the MTO to sell their stocks through the OPR platform. GTH shareholders approved delistingthe company’s shares from the EGX and the company is buying back shareholders’ shares at EGP 5.08 apiece.
Posted inLegislation + Policy
House Rep. proposes allowing women to hold positions in Egypt’s state council
House Rep. Ehab Al-Khouli is planning to propose legislative amendments to the law governing the Council of State (Maglis El Dawla) allowing women judges to hold positions in the council, according to Egypt Today.
Posted inLegislation + Policy
Cairo Chamber of Commerce to suggest changes to VAT, income tax laws
The Cairo Chamber of Commerce held yesterday a meeting to discuss suggestions it is looking to hand over to the government on proposed amendments to the VAT Tax Act and the planned new Income Tax Act, Al Mal reports. Heads of the chamber’s divisions are looking at proposals that would involve the government raising taxable […]
Posted inON YOUR WAY OUT
Egyptian pharaoh Tut’s artifact display in Paris sees record visitor numbers
Tutankhamun display in Paris sees record visitor numbers: Over 1.3 mn people have so far visited the temporary display of Tutankhamun’s artifacts at the Grande Halle de la Villette in Paris, reaching a record turnout for French cultural exhibitions, reports Egypt Today. The exhibition was launched last March, and runs through to 22 September after […]
Posted inON YOUR WAY OUT
Egypt works with local and int’l travel bloggers to promote tourism
The Tourism Ministry aims to work with local and international travel bloggers to promote tourism in Egypt, according to a statement. Too bad some Egyptians aren’t digging the bloggers’ sense of humor.