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The Transport Ministry, in cooperation with the Finance Ministry, will begin on 11 July accepting tenders from companies hoping to build Egypt’s first dry port in 6 October City under the PPP framework, the Finance Ministry said. The project is the first of seven dry ports the two ministries will establish together. There are three […]
Author Archives: enterpriseam admin
Posted inHealth + Education
AUC to launch first undergraduate data science program in the region in September
The American University in Cairo (AUC) is launching the first undergraduate data science program in Egypt and the region in September, the university announced in a press release (pdf). We recently spoke with the program’s founder Dr. Ali Hadi about the importance of data science in the transition towards a knowledge-based economy.
Posted inTourism
Foreign Ministry expands e-visa program to 46 countries
The Foreign Ministry has expanded the e-visa project to allow citizens of 46 countries to apply online for visas to Egypt, MENA reports. The project has been under development since 2017, but the process has been systematized through the launch of a dedicated portal where applicants can provide information and pay for their visas using […]
Posted inTourism
Gov’t working to develop Egypt’s western North Coast into tourist hotspot
The government is working to develop the western strip of the North Coast into an all-year-round tourist destination, according to a cabinet statement. This will include a move to review the status of projects on land allocated to private investors in recent years.
Posted inBanking + Finance
Fawry to allow Egyptian retailers to obtain bank loans through Fawry Plus
Fawry is planning allow retailers to apply for bank loans through its Fawry Plus branches in partnership with local banks, CEO Mohamed Okasha said, according to Masrawy. The company is already involved in a “major partnership” Alexbank and Visa, and the move comes as part of its strategy to deepen its investment in technology infrastructure.
Posted inEgypt Politics + Economics
EECC agrees to sell or lease 43k sqm of unutilized land
The board of directors of the Egyptian Electric Cables Company has agreed to sell or lease 43,000 sqm of its unutilized land, Managing Director of Financial Affairs Mohamed Ibrahim told the local press. The company aims to divide up the land into plots that can be sold directly to one or more buyers, he said, […]
Posted inON YOUR WAY OUT
Get to know Egypt’s Afcon team
Javier Aguirre unveiled the line-up of Egypt’s Afcon squad on Tuesday, with Mohamed Salah headlining a 23-man team that includes a host of the country’s best players, Super Sport reports. There is plenty of representation from national teams Al Ahly, Zamalek and Pyramids, as well as international clubs including Arsenal. As anticipation builds for the […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.6931 | Sell 16.7931 EGP / USD at CIB: Buy 16.67 | Sell 16.77 EGP / USD at NBE: Buy 16.71 | Sell 16.81 EGX30 (Tuesday): 14,206 (+0.4%) Turnover: EGP 792 mn (2% above the 90-day average) EGX 30 year-to-date: +9.0% 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 11 June 2019
We hate to open on a down note, but yesterday wasn’t a great day for macro indicators: Both the purchasing managers’ index and inflation data for May rolled back progress seen in April, with non-oil business activity slipping back into contraction territory and inflation spiking to 14.1% from 13% the month before. Analysts say that […]