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The US Agency for International Development (USAID) will invest USD 90 mn to establish energy, water and agriculture research centers to be joint-managed by leading Egyptian and American universities, according to a press release from the US embassy. Egyptian researchers from Ain Shams University will work with the Massachusetts Institute of Technology (MIT) to launch […]
Author Archives: enterpriseam admin
Posted inReal Estate + Housing
ARDIC to invest EGP 1 bn in Zizinia Al Mostakbal prooject
ARDIC for Real Estate Development and Investments is investing EGP 1 bn in its Zizinia Al Mostakbal project, the company said in a press release. “The positive response to our efforts encourages us to continue developing and investing in the Egyptian market,” said CEO Ashraf Dowidar. The real estate company began construction on the EGP […]
Posted inTelecoms + ICT
Canon eyeing business avenues in Egypt
Japan’sCanon is looking at business avenues in the field of imaging innovations and technologies in Egypt said EMEA CEO Yuichi Ishizuka, according to African Review. There are several avenues for growth “for Canon in Africa and Egypt in particular, as we see it as a gateway to the African continent. The country is on an […]
Posted inTelecoms + ICT
ICT Ministry seeks to grow tablet production in collaboration with LG
ICT Minister Amr Talaat met yesterday with several electronics business leaders including Morris Lee, president of LG Electronics Mobile USA and head of North America Mobile Business,on the sidelines of the Mobile world congress in Barcelona. The pair discussed to discuss LG increasing investment in the country, particularly in increasing local tablet production capabilities, reports […]
Posted inOther Business News of Note
Government to offer 75 sports facilities project through PPP system
The government agreed to tender 75 sports facilities and other projects to the private sector through a public-private partnership (PPP) framework , local press reported. Companies taking part will be given building and management rights under the PPP framework for periods of 5 to 25 years. The projects that will be offered by both government […]
Posted inEgypt Politics + Economics
1954 decree dissolving Muslim Brotherhood upheld by Cairo Administrative Court
A Cairo Administrative Court upheld on Tuesday a 1954 decree dissolving the Muslim Brotherhood, Masrawy reports. A ban on the group’s activities and confiscation of its property was issued in 2013, the same year in which it was designated a terrorist organization by Egypt and, shortly afterwards, Saudi Arabia.
Posted inNational Security
Foreign Ministry denies signing EU agreement on citizen information exchange
The Foreign Ministry has issued a staunch denial of what it calls rumors alleging that it signed an agreement with the EU to exchange sensitive personal information about citizens, including name, race, political ideology, religious views, syndicate membership and health status, according to Al Shorouk. The rumor started circulating on social media at the very […]
Posted inSports
All Egypt cup matches postponed until further notice for security reasons
The Egyptian Football Association (EFA) announced the indefinite postponement of all Egypt cup matches for security reasons, according to statements from EFA head Amer Hussein cited by Ahram Online. The decision came after tensions arose following the EFA’s decision to change an Al Ahly vs Pyramids FC fixture from a league match to a cup […]
Posted inON YOUR WAY OUT
Tesla’s model 3 dominates the global electric car market
Tesla’s model 3 dominates the global electric car market: Despite production challenges and Elon Musk’s legal hiccups with the Securities Exchange Commission, Tesla’s model 3 dominated electric vehicle (EV) sales in 2018, putting 138,000 units on the road and beating the nearest competitor by about 50%, reports Bloomberg. The nearest competitor—flagship EV of state-owned Chinese […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.47 | Sell 17.57 EGP / USD at CIB: Buy 17.47 | Sell 17.57 EGP / USD at NBE: Buy 17.46 | Sell 17.56 EGX30 (Tuesday): 14,886.85 (-0.40%) Turnover: EGP 842 mn (7% below the 90-day average) EGX 30 year-to-date: +14.20% WTI: USD 56.02 (+0.94%) Brent: USD 65.21 […]