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The Airport Holding Company could announce the winning bid for the Ras Sudr airport project by month’s end, or may relaunch the tender for the project, Tourism Development Authority (TDA) boss Serag El Din Saad said, according to Al Shorouk. The company is currently vetting between two offers for the EGP 2 bn airport and […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Visitors gather to celebrate Abu Simbel’s Sun Festival
2,000 visitors gathered yesterday to celebrate the bi-annual Sun Festival, during which rays of sunlight hit the seated statues of King Ramses II, Queen Nefertari, and god Amun Re at Luxor’s Abu Simbel temple, Ahram Online reports. Xinhua compiled a photo gallery of the event, which also made the radar of the Wall Street Journal […]
Posted inON YOUR WAY OUT
Project Nitrous uses 3D printing to make prosthetic limbs
Project Nitrous has helped 23 people in under a year with designing and developing their own prosthetic limbs using 3D printing, according to Egyptian Streets. The non-profit organization — which encourages people to participate in the making of their prosthetic limbs to suit their day-to-day needs — launched this year with funding from the Drosos […]
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 (Monday): 13,646 (+0.9%) Turnover: EGP 799 mn (14% above the 90-day average) EGX 30 year-to-date: -9.1% THE MARKET ON MONDAY: The EGX30 index […]
Posted inCALENDAR
23 October (Tuesday): First Conference on Sukuk (Sharia-compliant bonds), Cairo. 23-24 October (Tuesday-Wednesday): Intelligent Cities Exhibition & Conference 2018, Fairmont Towers Heliopolis, Cairo. 24-25 October (Wednesday-Thursday): 9th Arab-German Energy Forum, Cairo, Egypt. 25 October (Thursday): President Abdel Fattah El Sisi to visit Khartoum. 25-27 October (Thursday-Saturday): 57th ACI World Congress & 43rd ICA Annual Conference […]
Posted inWhat We're Tracking Today
What we’re tracking on 22 October 2018
What’s next? A license to obtain licenses? The House of Representatives seems set to go on a licensing and regulation spree as MPs kicked off their first general assembly of the fall legislative term yesterday. Our elected representatives sent to committee a bill that would introduce new licensing requirements for physicians (and tweak med school […]
Posted inEnterprise+: Last Night’s Talk Shows
Last night’s talk shows on 22 October 2018
The story of a British tourist who died in Egypt and went home missing a heart and kidney was front and center on what was an otherwise bland night on the airwaves. Egypt has denied reports claiming that organs were stolen from the body of a British who died in Hurghada, as some UK newspapers […]
Posted inSpeed Round
HSBC is bullish on Egypt through 2030
** #1 Your morning must-read: HSBC is bullish on Egypt through 2030. Egypt was ranked 15th out of 75 countries in HSBC’s long-term future growth report (pdf). The report, which measures the growth trajectory of these 75 countries through to 2030, models a country’s catch-up potential, population (size and shape), human capital (education and healthcare), […]
Posted inSpeed Round
Fitch’s BMI Research revises Egypt GDP to 5.4% from 5% for 2018/19
Fitch Group’s BMI Research has revised its forecast for real GDP growth in Egypt for FY2018-19 to 5.4% from its earlier estimate of 5%, citing the country’s surging natural gas sector, the firm said in its November 2018 North Africa report. It also raised its forecast for the following year to 5.6% from 5.4%. “This […]