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The Alexandria Port Authority signed an MoU with Dutch port engineering and consulting company CDR to conduct a technical study of Alexandria Port’s docks and piers and present a plan to upgrade the port’s infrastructure. The agreement stipulates that CDR must complete its study and present its results within eight months of signing the memorandum.
Author Archives: enterpriseam admin
Posted inTourism
UK parliamentary group says it is pressuring the UK to restore flights to Sharm
The Egyptian-British Parliamentary Friendship Association sees that the UK’s travel ban on flights to Sharm El Sheikh should be lifted and is working on pressuring the UK government, said British MP Stephen Timms, according to Ahram Online. Timms, who heads the association, made his comments to Tourism Minister Rania Al Mashat during her UK visit […]
Posted inAutomotive + Transportation
Ali Abdel Aal says metro ticket prices “must be raised”
Metro ticket prices “need to be raised” to maintain service quality, House Speaker Ali Abdel Al said yesterday, according to Al Masry Al Youm, in what is a turnaround from last month’s uproar in parliament over the government’s proposed ticket prices hikes for Cairo Metro 3 riders. Abdel Aal’s statement suggests that price hikes are […]
Posted inBanking + Finance
Kuwait’s KAMCO to launch investment banking operations in Egypt early next year
Kuwait’s KAMCO Investment Company expects to begin operating as a licensed investment bank in Egypt early next year after obtaining the necessary licenses from the Financial Regulatory Authority (FRA) by year’s end, Managing Director and Head of Mergers and Acquisitions Sherif Abdel Aal told Al Mal. The new investment bank will focus in its early […]
Posted inReal estate
Tatweer Misr, GEN to build EGP 120 mn entrepreneurship center
Real estate developer Tatweer Misr signed an MoU yesterday with Global Entrepreneurship Network (GEN) to establish a EGP 120 mn center for entrepreneurship and innovation as part of Tatweer Misr’s Bloomfield project at Mostakbal City, state-run Al Ahram reports.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.85 | 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): 13,571 (-1.2%) Turnover: EGP 611 mn (16% below the 90-day average) EGX 30 year-to-date: -9.6% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
12-13 November (Monday-Tuesday) Mesia Solar Trade Mission, Cairo Marriott Hotel & Omar Khayyam Casino, 16 Saray El Gezira Street, Zamalek, Cairo, Egypt 13-29 November (Tuesday-Thursday): UN Biodiversity Conference, Sharm El Sheikh, Egypt. 14 November (Wednesday): Egypt M&A and Private Equity Forum, Nile Ritz Carlton Hotel, Cairo, Egypt. 14-15 November (Wednesday-Thursday) Digitalisation: opportunities for innovation in […]
Posted inWhat We're Tracking Today
What we’re tracking on 11 November 2018
It’s interest rate week in Egypt as the central bank’s monetary policy committee prepares to meet on Thursday to review rates. It’s also global entrepreneurship week, a favorite around these parts: As longtime readers know, our origin story includes a stint during which we were working to launch a print magazine about entrepreneurship — which […]
Posted inEnterprise+: Last Night’s Talk Shows
One of the blandest assortment of topics since Lamees Al Hadidi’s departure
Nights as bland as last night make us yearn for the days when Lamees Al Hadidi ruled the airwaves. There is no other way of putting it. Ration card holders with incorrect or incomplete personal information on file will be purged from welfare rolls this month, Social Solidarity Minister Ali El Moselhy warned on Hona […]