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The Industrial Development Authority (IDA) is planning to tender 13 industrial complexes to investors between 30 June of this year and April 2020, according to the local press. The complexes will be spread across 12 governorates, seven of which are in Upper Egypt. Prime Minister Moustafa Madbouly had issued instructions earlier this week for the […]
Author Archives: enterpriseam admin
Posted inTourism
Giza attack “a setback” for Egyptian tourism: AITO chairman
Sunday’s terrorist attack in Giza is “a setback” for tourism in Egypt, Chairman of the Association of Independent Tour Operators (AITO) Derek Moore said, according to TTG Media. Moore stressed, however, his confidence that Egyptian authorities were doing everything possible to reduce the likelihood of repeat incidents. “The truth is, we think, the public has […]
Posted inAutomotive + Transportation
Revolta Egypt to install EGP 100 mn-worth electric car charging stations by 2020
Revolta Egypt is planning to install EGP 100 mn-worth of electric vehicle charging docks by the end of 2020, CEO Mohamed Badawy said, according to local press reports. This will increase the number of docks the company operates to 345, from a current 130.
Posted inAutomotive + Transportation
AOI signs MoU with China’s Shanghai Wanxiang to produce electric buses in Egypt
The Arab Organization for Industrialization (AOI) has signed an MoU with Chinese electric bus manufacturer Shanghai Wanxiang Automotive Co to set up a JV to begin producing electric buses in Egypt, Al Shorouk reports. The partnership will also see the two sides establish research and training centers for the industry.
Posted inOther Business News of Note
Telecom Egypt wants to get into the real estate business
Telecom Egypt WE is planning to set up a real estate arm once a firm it has contracted completes a study of the company’s land portfolio, CEO Adel Hamed told Youm7. When last evaluated in 2005, the state-owned landline monopoly’s land portfolio was worth EGP 2 bn, Hamed said.
Posted inNational Security
Egypt and France conduct joint naval drill in Mediterranean
Egyptian and French naval forces held a joint drill in the Mediterranean Sea, as part of efforts to boost military cooperation, the Armed Forces said in a statement. The drill included trainings to counter hostile attacks, airstrikes, and atypical threats, as well as inspection methods of suspected vessels, the statement said.
Posted inON YOUR WAY OUT
AUC’s MUN delegation earns record number of awards at annual New York conference
AUC’s Model United Nations delegation earns record number of awards at annual New York conference: AUC’s Cairo International Model United Nations (CIMUN) delegation earned a record 19 awards, including the prestigious “Outstanding Delegation” award, at this year’s National Model United Nations conference in New York City, according to Ahram Online. This is the highest number […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.97 | Sell 17.07 EGP / USD at CIB: Buy 16.96 | Sell 17.06 EGP / USD at NBE: Buy 16.97 | Sell 17.07 EGX30 (Tuesday): 13,614 (+1.8%) Turnover: EGP 544 mn (32% below the 90-day average) EGX 30 year-to-date: +4.4% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
May: 50 Egyptian companies are set to visit Libya to discuss trade, investment and reconstruction. 23 May (Thursday): Central Bank of Egypt’s Monetary Policy Committee will meet to review interest rates. 27-28 May (Monday-Tuesday): UK International Trade Secretary Liam Fox will visit Egypt for meetings with senior officials on boosting bilateral trade and investments. 28 […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 May 2019
A class act: Tourism Minister Rania Al Mashat visited in hospital yesterday a number of tourists injured in the roadside bombing earlier this week — then took other members of the same group on a personal tour of the Giza Pyramids. At least 14 tourists were injured in the attack, which took place near the […]