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The Arab Organization for Industrialization (AOI) appears to be planning to manufacture water desalination membranes and has signed a MoU with South Korea manufacturer Sepratek for technical assistance, Masrawy reported. Sepratek will help train Egyptian engineers and provide technical assistance to AOI. The development of desalination plants is a crucial component of Egypt’s water security […]
Author Archives: enterpriseam admin
Posted inTourism
Bahrain suggests linking its World Diving Park with Sharm El Sheikh
Bahraini Industry, Commerce and Tourism Minister Zayed Alzayani suggested linking Bahrain’s “World Diving Park”, the world’s biggest diving park, with Sharm El Sheikh as part of efforts to promote the new park, Al Shorouk reported, citing a Tourism Ministry statement. Tourism Minister Rania El Mashat suggested including Hurghada and Marsa Alam as well.
Posted inAutomotive + Transportation
Egyptians Abroad Investment and Development to launch logistics investment fund in 2020
The Egyptians Abroad Investment and Development Co plans to launch its logistics sector-focused fund next year, CEO and Vice Chairman Hashem El Sayed said. The fund will invest in dry ports as well as other logistics infrastructure. It will be owned by a subsidiary which is currently in the process of being established and licensed. […]
Posted inON YOUR WAY OUT
Google Doodle celebrates ta’amiya
Some call it falafel, but we call it ta’amiya. Sometimes it’s made with chickpeas, other times with fava beans, but we love it either way and are totally behind Google celebrating this deep-fried deliciousness with a Doodle today. And no, falafel is not (and never will be) an Israeli dish.
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.7147 | Sell 16.8147 EGP / USD at CIB: Buy 16.7 | Sell 16.8 EGP / USD at NBE: Buy 16.71 | Sell 16.81 EGX30 (Tuesday): 14,202.86 (-0.27%) Turnover: EGP 569.21 mn (25% below the 90-day average) EGX 30 year-to-date: 8.95% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
1H2019 (date TBD): Investment Minister Sahar Nasr will head a delegation of businessmen into Mexico City to explore cooperation avenues with the Latin American country. June: International Forum for small and medium enterprises (SMEs). June: Egypt will host the first economic forum for Union for the Mediterranean (UfM) countries to promote trade and investment in […]
Posted inWhat We're Tracking Today
What we’re tracking on 18 June 2019
Former president Mohamed Morsi died yesterday, collapsing in court after speaking for some five minutes during his latest trial. He was subsequently declared dead in hospital. We have full coverage in this morning’s Speed Round, below. There’s lots of banking news this morning coming out of the Seamless North Africa fintech and ecommerce conference, which […]
Posted inEnterprise+: Last Night’s Talk Shows
Death of Morsi, El Sisi’s European trip dominate the airwaves
It was a quiet night for business on the nation’s airwaves as the nation’s talk show hosts hopscotched across a range of issues including the death of Mohamed Morsi and the kickoff of President Abdelfattah El Sisi’s visit to Europe. We have more on the Morsi coverage in this morning’s Speed Round, below. El Sisi […]
Posted inSpeed Round
Former President Mohamed Morsi dies at 67, prosecutor orders autopsy
Former president Mohamed Morsi is dead after a heart attack in court: Former president Mohamed Morsi, 67, died yesterday after suffering a heart attack during a court appearance in an espionage trial, state media reported. Morsi, a senior Muslim Brotherhood member who was elected president after throwing his name in the hat as a “spare” […]