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Real estate developer TMG is looking to bring the Four Seasons brand to Luxor, according to statements from CEO Hisham Talaat Moustafa reported by the local press. The company is also developing a Four Seasons property in Madinaty and expanding the existing hotel in Sharm El Sheikh.
Author Archives: enterpriseam admin
Posted inOther Business News of Note
Madbouly meets with CEO of Kuwaiti Al Kharafi Group
Prime Minister Moustafa Madbouly met yesterday with the CEO of the Al Kharafi Group to discuss how the company can expand its investments in Egypt, according to a cabinet statement. The Kuwaiti company is part of one of eight consortiums bidding to construct the USD 8.5 bn Alamein-Ain Sokhna electric railway.
Posted inOther Business News of Note
Egyptian Iron and Steel Company to consider tender from Russia’s MetProm
The Egyptian Iron and Steel Company is considering an offer from Russian company MetProm in a tender to help the company develop and modernize, according to reports from the local press.
Posted inMy Morning Routine
My Morning Routine: Glenn Miles
My Morning Routine looks each week at how a successful member of the community starts their day. Extracts from our conversation this week with Glenn Miles, Australian Ambassador in Cairo. This is his second tour in our fair city. My name is Glenn Miles and I’m the newly-appointed Australian ambassador in Cairo. I’m married to […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.21 | Sell 17.31 EGP / USD at CIB: Buy 17.20 | Sell 17.30 EGP / USD at NBE: Buy 17.20 | Sell 17.30 EGX30 (Wednesday): 14,864 (-0.7%) Turnover: EGP 437 mn (49% below the 90-day average) EGX 30 year-to-date: +14.0% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
April: Russian companies will receive the first 1 square-km plot in the 5.2 square-km Russian Industrial Zone within the Suez Canal Economic Zone April: The EUR 250k first phase of Egypt’s national waste management program will kick off. 17-18 April (Wednesday-Thursday): OPEC+ meeting, Vienna, Austria. 21 April (Sunday): A court will look into a lawsuit […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 April 2019
It’s official, folks: Ramadan will begin on Monday, 6 May. The National Astronomy Institute confirmed yesterday the first day of the holy month, Ahram Online reports. That gives us all one normal work day after we return from the extended month-end holiday. The House of Representatives yesterday voted overwhelmingly in favor of constitutional amendments that […]
Posted inEnterprise+: Last Night’s Talk Shows
Are progress reports on Egypt’s economic reform conveying the true picture?
An academic perspective on Egypt’s economic reform program caught our attention on an otherwise bland night for business on the nation’s airwaves. Are economic progress reports telling the full picture? Despite many positive reports on the economy by international bodies and research houses, most Egyptians feel they aren’t faring any better. That was the opening […]
Posted inSpeed Round
MPs vote overwhelmingly in favor of constitutional amendments
We’re going to vote next week on a new constitution after House passes proposed changes: The House of Representatives has overwhelmingly voted in favor yesterday of a package of constitutional amendments that will extend presidential terms and reinstate the upper house of parliament if approved in a national referendum, Youm7 reports. The amendments passed with […]