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It’s another quiet news day here at home — not that there’s anything wrong with that, as a brilliant show once suggested. The Arab African Youth Platform convened by President Abdel Fattah El Sisi wraps up today. El Sisi used the gathering yesterday to call for further integration with Africa, according to a statement from […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Arab-African youth forum keeps talking heads busy for second day
The Arab and African Youth Forum was still all over the airwaves last night, with shared footage appearing on most channels. Hona Al Asema’s Reham Ibrahim (watch, runtime: 07:55) spoke with Banque Misr Vice Chairman Akef El Maghraby, who noted young entrepreneurs as well as efforts to implement financial inclusion, especially for SMEs, featured heavily […]
Posted inSpeed Round
EGP hits two-year high against the USD
EGP hits two-year high against the USD: The EGP is continuing its seven-week rally against the greenback, hitting a two-year high of EGP 17.35 : USD 1 yesterday. The EGP was at 17.92 on 27 January. “You’re seeing most of the indicators improving,” Hany Farahat, senior economist at CI Capital, told Reuters. “Tourism, exports, substitution […]
Posted inSpeed Round
Egypt in talks with unnamed foreign lenders for USD 2 bn loan for transport projects
Egypt is in talks with unnamed foreign lenders for a USD 2 bn loan to fund new transport projects, Investment Minister Sahar Nasr said yesterday, according to a ministry statement (pdf). Nasr met with newly appointed Transport Minister Kamel El Wazir to discuss financing for the Transport Ministry’s planned infrastructure upgrades and other projects. Among […]
Posted inSpeed Round
Prototype of digital system ready to appraise Egypt’s real estate assets ready
EXCLUSIVE- Prototype of real estate appraisal system ready, process to wrap up in a year: Ain Shams University has completed a prototype of the digital system it will use to appraise Egyptian real estate, engineering professor and head of the real estate appraisal program Mohamed Salheen tells Enterprise. A model database of property prices should […]
Posted inSpeed Round
Egypt’s imports of Israeli gas delayed to mid-2019 due to pipeline doubts
Egypt’s imports of Israeli gas delayed to mid-2019 due to pipeline doubts: Egypt will begin receiving its first shipments of Israeli gas in the middle of this year, two sources familiar with the matter told Bloomberg. Egypt’s East Gas originally expected trial shipments from Israel’s Tamar and Leviathan gas fields to begin this month, but […]
Posted inSpeed Round
India’s TCI Sanmar Chemicals to invest USD 125 mn to expand Egypt operations
INVESTMENT WATCH- TCI Sanmar to invest USD 125 mn to expand Egypt business: India’s TCI Sanmar Chemicals is planning to invest USD 125 mn to expand its Port Said factory and double its production capacity to 400k tonnes of industrial chemical compounds, Chairman PS Jayaraman said. The company completed USD 280 mn-worth of expansions to […]
Posted inSpeed Round
Kuwait’s food delivery platform Carriage launches in Egypt
Kuwait-based food delivery platform Carriage launched in Egypt last week, COO Bader Al-Ajeel tells MENAbytes. Carriage launched its alpha phase a month ago and has signed up around 600 restaurants in Cairo so far, according to Al-Ajeel. Is the service entering an already-saturated market? “The startup faces stiff competition from local and international players who […]
Posted inSpeed Round
Egypt commercial project developer Marakez to open Mall of Tanta in 3Q2019
Wait, there’s life outside Cairo? Marakez’s Mall of Tanta is set to open its doors in 3Q2019, according to a company press release (pdf). The mall will be home to a branch of supermarket operator Spinneys branch, among other retail outlets. Marakez is a subsidiary of Fawaz AlHokair Group. The Tanta facility will be the […]