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The state-owned Egyptian Holding Company for Silos & Storage will launch a tender in February for local and international companies to build 60 silos in 12 governorates with a total storage capacity of 300,000 tonnes,the company’s chairman Sherif Bassily told Al Mal. The total costs for building the silos is estimated at USD 90 mn.
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Egypt to set up authority to regulate domestic, int’l land transport and freight
The House of Representatives has given a preliminary nod to a bill that would establish an authority to regulate domestic and international land transport and freight, Al Ahram reported. The authority would be responsible for improving and creating a statistical database for public transport systems.
Posted inBanking + Finance
HSBC Egypt tops Euromoney’s list of top local trade finance providers
HSBC Egypt was voted the top provider of trade finance services, according to Euromoney’s Trade Finance Survey 2019 results. Businesses across the Middle East also elected the bank as the regional leader in trade finance, which include banks acting as intermediaries between exporters and importers of various goods.
Posted inON YOUR WAY OUT
Egyptian pavilion comes to British design event Top Drawer
Egyptian pavilion comes to British design event Top Drawer: An all-Egyptian pavilion “bringing together eleven of Egypt’s biggest talents in interiors, furniture, fashion and accessories” was unveiled at British design-led retail event Top Drawer, which officially opens today, according to a statement (pdf). Featured designers and brands include INCA & Co, Hoda Lasheen Interior Designs, […]
Posted inON YOUR WAY OUT
Mo Salah to get museum to honor his achievements for Egypt and Liverpool
Mohamed Salah is reportedly getting a museum in Cairo to honor his achievements in Egypt and Liverpool, Sports Minister Ashraf Sobhy said, according to the UK’s Daily Express. "The surprise that I was preparing for Salah is the construction of a museum bearing his name at the Gezira Youth Centre in Cairo,” Sobhy said. Lionel […]
Posted inON YOUR WAY OUT
What’s more popular: Kylie Jenner or an egg?
Which came first: Kylie Jenner or the egg? A picture of a normal brown eggaccumulated almost 30 mn likes on Instagram, far surpassing Kylie Jenner’s previous record of 18 mn likes for a photo she posted with her newborn baby. What better mundanity to bruise the ego of social media’s most popular socialite. We certainly […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.87 | Sell 17.96 EGP / USD at CIB: Buy 17.89 | Sell 17.96 EGP / USD at NBE: Buy 17.79 | Sell 17.89 EGX30 (Monday): 13,336 (-1.4%) Turnover: EGP 685 mn (15% below the 90-day average) EGX 30 year-to-date: +2.3% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
13-16 January (Sunday-Wednesday): CI Capital’s third annual MENA Investor Conference, Four Seasons Nile Plaza, Cairo, Egypt. 17 January (Thursday): Talent in the Digital Era, Galleria40, Cairo, Egypt. 19 January (Saturday): Cairo Criminal Court scheduled hearing of Gamal and Alaa Mubarak’s stock market manipulation case. 20 January (Sunday): Cairo Court of Urgent Matters to hear an […]
Posted inWhat We're Tracking Today
What we’re tracking on 14 January 2019
Expect today’s news to be led by Finance Minister Mohamed Maait’s trip to Asia to soften the ground for upcoming bond issuances, but there’s a seam of corporate news to be mined as execs return to work from their year-end holidays: Zooba (purveyors of our breakfast hawawshi) raised capital to open their first outlet in […]