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What we’re tracking this week and beyond
Pride Capital at ConFEAS 2018: Pride Capital Co-founder and CEO Rami El Dokany will speak about the role of fintech in supporting investment at the Federation of Euro-Asian Stock Exchanges’ annual conference (ConFEAS 2018), which takes place today and tomorrow in Abu Dhabi. El Dokany’s discussion will focus on the latest in Egypt’s fintech scene, […]
Modern-day female monarchs have Ancient Egypt to thank for setting the precedent
Modern-day female monarchs have their Ancient Egyptian predecessors to thank for setting the example. In fact, queens and princesses of the modern age “have rarely possessed the type of power wielded by the female leaders of ancient Egypt,” according to National Geographic. And although the patriarchy has, over time, tried to obliterate their names from […]
Quiet day for Egypt in the foreign press
Nothing to see here today, folks. Move along.
Profit and work-life balance are not enemies
** #7 You can build a company without working your staff to death: Longtime readers will know we are fans of Jason Fried and David Heinemeier Hansson, who run Chicago-based software outfit Basecamp. In their latest book, It Doesn’t Have to be Crazy at Work, the two argue that a company can make profit without […]
Titanic II to retrace original journey across the Atlantic 110 years later
A replica of the infamous RMS Titanic will retrace the original ship’s journey across the Atlantic 110 years later. After budget constraints caused work on the vessel to stop for nearly three years, Australian shipping company Blue Star Line announced that the trip is back on and scheduled for 2022, according to ABC News. The […]
Sisi heads to Berlin, Germany looking to step up economic support
** #6 President Abdel Fattah El Sisi arrived in the German capital on Sunday for a four-day visit to attend the G20 Compact with Africa conference, according to the State Information Service (SIS). On his first day in Berlin, the President met with execs from the Federation of German Defense and Security Industries to discuss […]
Three bidders to submit financial offers for EUR 260 mn 250 MW Suez wind farm
Three international suitors have qualified to bid on the EUR 260 mn, 250 MW wind farm in the Gulf of Suez, sources from the New and Renewable Energy Authority (NREA) said yesterday. Siemens, Danish wind turbine manufacturer Vestas, and German wind energy solutions Senvion, the qualified companies, have until 9 December to submit their offers. […]
ITDA awards UCTD contracts to build EGP 1 bn logistics zone in Qena
The Supply Ministry’s Internal Trade Development Authority (ITDA) has awarded United Company for Trading and Distribution contracts to develop a EGP 1 bn logistics and commercial zone in Qena, ministry aide Ibrahim El Ashmawy said, according to Al Shorouk. The project, for which a tender was launched in September, will see storage facilities, alongside retail […]
Arabia Holding to invest EGP 1.5 bn in Galleria and Sun Capital in 2019
Real estate developer Arabia Holding is planning to invest EGP 1.5 bn in its flagship projects Galleria and Sun Capital during 2019, company Chairman Tarek Shoukry said. The company had recently broke ground on Sun Capital, in West Cairo, and is planning to invest EGP 500 mn in its Galleria project in East Cairo.