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Misr Italia is working with Italian architect Stefano Boeri to bring his “vertical forest” to its buildings at the new administrative capital, Ansamed reports. With an investment of EGP 16 bn (EUR 900 mn) from Misr Italia, the project will involve constructing three towers covered in greenery meant to combat the effects of pollution and […]
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
China’s Jusfoun Big Data to establish office in Cairo
The Information Technology Industry Development Agency (Itida) and Jusfoun Big Data Information Group signed an MoU to establish an office for the company in Egypt, the Communications Ministry said in a statement. The company’s office in Egypt will export research and development services, software and applications development, and artificial intelligence research. Communications Minister Amr Talaat […]
Posted inOther Business News of Note
GAFI approves offering 107 projects in Meit Ghamr investment zone
The General Authority for Investment’s (GAFI) board approved tendering 107 projects in the metallurgical sector in the Meit Ghamr investment zone, according to a statement from the Investment Ministry.
Posted inSports
Egypt’s junior women’s squash team defeats Singapore at Malaysia tournament
Egypt’s women’s squash team has got off to a strong start at the World Junior Women's Championship in Malaysia, defeating Singapore 3-0, Egypt Today reports. The Egyptian team is still due to play Switzerland and France, the other two teams in their group.
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.48 | Sell 16.60 EGP / USD at CIB: Buy 16.48 | Sell 16.58 EGP / USD at NBE: Buy 16.51 | Sell 16.61 EGX30 (Monday): 13,599 (-0.1%) Turnover: EGP 589 mn (3% above the 90-day average) EGX 30 year-to-date: +4.3% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
August: Meetings of the Egyptian-Belarussian Committee for trade, economic, scientific and technical cooperation, Minsk. August: The National Railway Authority is expected to sign a 15-year maintenance agreement for 1,300 railcars it had agreed to purchase from Russia’s Transmashholding under a EGP 22 bn contract. 10-13 August (Saturday-Tuesday): Eid El Adha (TBC). 17 August (Saturday): The […]
Posted inWhat We're Tracking Today
What we’re tracking on 05 August 2019
It’s PMI day: The Emirates NBD purchasing managers’ indexes for Egypt, the UAE, and Saudi Arabia are due out this morning at 6:15 am CLT. Non-oil business activity had remained in contraction territory in June, but the slowdown rate was softer than the month prior. You can find the PMI here when it’s released. Also […]
Posted inEnterprise+: Last Night’s Talk Shows
Bombardier’s monorail agreement was the talk of town last night
Egypt signed contracts with Canada’s Bombardier Transportation for planned monorail projects yesterday, Masaa DMC’s Eman El Hosary highlighted (watch, runtime: 02:53). A consortium made up of Bombardier, Orascom Construction and Arab Contractors will build, operate, maintain the new monorail lines for a 30-year period, El Hekaya’s Amr Adib noted (watch, runtime: 10:48). We have more […]
Posted inSpeed Round
Cairo explosion leaves 19 dead, 30 injured
At least 19 killed, 30 injured in deadly Cairo explosion: Nineteen people were killed and 30 others injured, a few of whom are in critical condition, in an explosion near the National Cancer Institute in Cairo late on Sunday, the Health Ministry said early this morning. “Other bodies may be found … the search is […]