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The Chemical Industries Holding Company (CIHC) is mulling two offers from foreign companies to establish two, fertilizer plants in Suez, worth a combined USD 1.3 bn, sources told Amwal Al Ghad. CIHC had received in July from Tocaico International Company, said the source, without revealing the other offer.
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
French VINCI-led consortium bids to construct Cairo Metro’s Line 3 airport route
A French consortium led by France’s VINCI has officially presented its bid in a tender to construct the third part of Cairo Metro Line 3’s Phase 4, which links the Heliopolis area to the Cairo International Airport, Youm7 reports. The 6.65 km line will cost EUR 300 mn, whose construction will be financed by a […]
Posted inBanking + Finance
CBE plans to increase electronic POS around Egypt to 1 mn from 72.5k by 2021
The Central Bank of Egypt plans to increase the number of electronic points of sale around the country to one mn from a current 72.5k by 2021, CBE Sub-Governor for Payment Systems and Business Technology Ayman Hussein tells Al Mal. The CBE is eyeing targeting increasing electronic transactions to 10% from a current 2% of […]
Posted inBanking + Finance
EBRD approves USD 24 mn loan for Andalusia Group
The European Bank for Reconstruction and Development (EBRD) has approved granting a USD 24 mn loan for healthcare provider Andalusia Group, an unnamed EBRD executive tells Amwal Al Ghad. Andalusia will channel the funds toward a new hospital, as well as expand an existing one in Cairo. The group had previously announced its plans to […]
Posted inON YOUR WAY OUT
Egypt women volunteered to fight in 1956 Tripartite Aggression
Scores of Egyptian women volunteered to fight the 1956 Tripartite Aggression against Egypt over the nationalization of the Suez Canal, according to Egyptian Streets.
Posted inON YOUR WAY OUT
USAID launches Egypt’s first Women Entrepreneurs Network
USAID launches network to support women entrepreneurs in Egypt: USAID launched yesterday the Women Entrepreneurs Network (WEN) to provide financial literacy trainings, connections to online marketplaces and assistance to Egyptian women interested in managing their own businesses, according to a statement from the US embassy. The platform was launched in cooperation with the National Council […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Sunday): 13,969 (+2.1%) Turnover: EGP 1.5 bn (99% above the 90-day average) EGX 30 year-to-date: -7.0% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
17-19 November (Saturday-Monday): ElectricX-Energizing The Industry, Egypt International Exhibition Center, Cairo, Egypt. 20 November (Tuesday): Prophet's Birthday (TBC), national holiday. 22 November (Thursday): US Thanksgiving. End of November: A delegation from the Egypt-Greece Business Council will visit Athens at the end of November to promote investment, the council’s chairman, Hani Berzi, said. 25-28 November (Sunday-Wednesday): […]
Posted inWhat We're Tracking Today
What we’re tracking on 18 November 2018
Even with a mid-week holiday, it’s shaping up to be a busy week. Don’t let the end of earnings season fool you: Have you finalized your 2019 budget yet? Among the nuggets worth keeping your eye on in the coming days: Want a 70% discount on the interest and penalties you owe the taxman? A […]