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Nissan Egypt has begun talks with the government to outline the incentives it would like to see to invest in electric cars manufacturing, Chairman Kohei Maeda says. Maeda provided little further details, but added that the company is working closely with authorities to determine the “suitable structure” to use and recycle batteries.
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Apex Africa awarded EUR 12 mn contract to supply buses to Niger
Apex Africa was awarded a contract worth EUR 12 mn to provide buses to Niger, the company said in a statement (pdf). Apex will provide the buses in cooperation with MCV-Mercedes Egypt.
Posted inBanking + Finance
AT Lease to launch new factoring and SMEs leasing operations before year-end
Al Tawfeek Leasing (AT Lease) will launch before year-end factoring and SME-targeted leasing operations, according to a press release (pdf). The company will relocate to larger headquarters as a prerequisite to obtaining the necessary licensing for the new activities, and in the process double its workforce. The company has been mulling the expansion for nearly […]
Posted inBanking + Finance
GB Lease in talks with banks for EGP 800 mn loan
GB Lease is in talks with banks to get an EGP 800 mn loan to increase liquidity and finance operations, Al Mal reports. GB Lease approached CIB, National Bank of Egypt, and Arab African International Bank for a loan with a term of 3-5 years.
Posted inON YOUR WAY OUT
Zulficar & Partners win Egyptian law firms football tournament
Zulficar & Partners won this year’s annual football tournament between top law firms. This year’s edition, held over the weekend, marked the second title for Zulficar. The tournament saw 15 law firms field teams, including Matouk Bassiouny & Hennawy, White & Case, Zaki Hashem & Partners and Shalakany. EFG Hermes was also in attendance as […]
Posted inON YOUR WAY OUT
Founder of Egyptian recruitment platform Wuzzuf picked for WEF’s Young Global Leader program
Wuzzuf founder becomes World Economic Forum young global leader: Ameer Sherif, founder and CEO of BasharSoft, the owner of recruitment platforms Wuzzuf (for white collar professionals) and Forasna (for blue collar staff), has joined the World Economic Forum’s Young Global Leader program, MENAbytes reports. Qalaa Holdings’ Hisham El Khazindar was once part of the YGL […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.33 | Sell 17.43 EGP / USD at CIB: Buy 17.33 | Sell 17.43 EGP / USD at NBE: Buy 17.34 | Sell 17.44 EGX30 (Sunday): 15,033 (+0.3%) Turnover: EGP 387 mn (59% below the 90-day average) EGX 30 year-to-date: +15.32% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
16-18 March (Saturday-Monday): Automation Technology Expo, Cairo International Convention Center, Nasr City, Cairo, Egypt. 17 March (Sunday): A court will look into a lawsuit by a subsidiary of Arabian Investments, Development and Financial Investment Holding Co. (AIND) against Peugeot Citroen, seeking EUR 150 mn in damages. 17-18 March (Sunday-Monday): OPEC Joint Ministerial Monitoring Committee meeting, […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 March 2019
News over the weekend was dominated by international headlines, including the killing of 50 people in a terrorist attack on Muslims in New Zealand by a white supremacist. Four Egyptians were among the dead in the Friday morning shootings at two New Zealand mosques, according to an Emigration Ministry statement. The attacks were “the worst […]