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LG Electronics is planning to launch three new production lines to produce refrigerators, automatic washing machines and microwaves, with total investments of USD 17 mn, according to a ministry statement (pdf). The announcement came following a meeting between Trade Minister Amr Nassar and LG Egypt CEO Don Kwak to discuss the company’s expansion plans and […]
Author Archives: enterpriseam admin
Posted inReal Estate + Housing
SODIC aims to invest EGP 3.7 bn in construction projects in 2019
Upmarket real estate developer SODIC aims to invest EGP 3.7 bn in construction projects in 2019, up from EGP 2.4 bn last year, CEO Magued Sherif said on the sidelines of the Cityscape conference that took place last week. Sherif said he sees unit prices going up 10-15% this year, and noted the company is […]
Posted inReal Estate + Housing
Unionaire Group to venture into real estate
Electronics manufacturer Unionaire Group is reportedly planning to expand its activities into real estate, and is looking to work on a commercial project in the new administrative capital, Al Mal reports. No further details were provided on the project or the company’s expansion plans.
Posted inTourism
EgyptAir to begin operating Cairo-Kigali flights in April
EgyptAir will begin operating flights between Cairo and Kigali, Rwanda’s capital city, as of 27 April, Al Shorouk reports. No details were provided on the frequency of flights on the new route. Sources in the company also reported that EgyptAir received its first Boeing 787 dreamliner as part of a USD 6 bn deal signed […]
Posted inAutomotive + Transportation
Geyushi Motors to sell Chinese buses worth EGP 356 mn to state company
The Holding Company for Maritime and Land Transport and Geyushi Motors, the local agent of China’s Yutong, signed on Thursday an agreement that will see Geyushi supply 125 buses at a cost of c.EGP 356 mn, Geyushi Motors Chairman Mohy El Din Geyushi told the local press.
Posted inAutomotive + Transportation
Swvl increases local operations, expands to Kenya
Mass transit app Swvl has increased its operational lines in Cairo, Giza and Alexandria, now servicing more than 650 routes with more than 1 mn monthly bookings, according to statements from CEO Mostafa Kandil reported by Al Shorouk. Kandil also added that the company has started operations in Kenya, as its first foray into international […]
Posted inLegislation + Policy
Egypt’s business community suggests scrapping 25% quota for women in House
Industry and business associations have suggested doing away with the quota specifying a 25% minimum seat allocation for women in the House of Representatives as part of the constitutional amendments, according to a local press report. Their view boils down to the idea that all House reps should be elected and not just be put […]
Posted inEgypt Politics + Economics
Three people given jail sentences over 2018 Kom Hamada train accident
The Damanhur Criminal Court sentenced on Thursday three men to prison over a train accident in Kom Hamada in February 2018 that left 15 dead and 40 injured, according to Egypt Today. The switchman was sentenced to 15 years while two signalers were sentenced to a year with hard labor. Last month, a train accident […]
Posted inEgypt Politics + Economics
Egypt’s Supreme Media Council bans talk show for prejudice against men
The Supreme Media Council has banned “Damn Men,” a weekly talk show in which women celebrities “comment on their experiences with men,” saying it threatens social values and incites against men, according to Gulf News. The show, which aired on Al Nahar and Al Qahera Wal Nas, “included words that outrage public morality and constituted […]
Posted inEgypt Politics + Economics
Court sentences 30 to prison for plotting suicide attack
The Alexandrian Criminal Court on Saturday handed out jail terms to 30 men accused of forming a terrorist cell affiliated with Daesh and plotting a suicide attack, according to Reuters. Of the 30, 18 received life sentences and 12 were given between 12 and 15 years.