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President Abdel Fattah El Sisi and Boeing International President Marc Allen discussed potential cooperation and fresh investments in New York on Tuesday on the sidelines of the UN General Assembly, according to a statement from the presidency. The two looked into upgrading the fleets of Egypt’s national flag carrier and the Armed Forces. Allen said […]
Author Archives: enterpriseam admin
Posted inOther Business News of Note
Three additional consortiums apply to prequalify in GEM management tender
Three additional local and international consortiums have applied for prequalification for the tender to manage and operate the Grand Egyptian Museum’s facilities, bringing the total number to eight consortiums, government sources said. The consortiums include Egyptian, Emirati, Kuwaiti, British, Italian, and French management firms. A ministerial council will announce the list of prequalified consortiums in […]
Posted inOther Business News of Note
Schneider Electric plans fresh investments in Egypt worth EUR 20 mn
Schneider Electric plans fresh investments in Egypt worth EUR 20 mn: Schneider Electric is planning to invest EUR 20 mn in Egypt “in the coming period,” Schneider Deputy Chairman Sherif Abdel Fattah said yesterday, according to Amwal Al Ghad. Schneider has recently signed an agreement with Revolta Egypt to build 65 electric vehicle charging stations […]
Posted inOther Business News of Note
Orange Egypt EGM votes for delisting
The extraordinary general assembly of Orange Egypt voted to voluntarily delist from the EGX, the company said in a bourse filing on Wednesday (pdf).
Posted inSports
Dina Meshref is Africa’s only female table tennis champion
**#6 Dina Meshref, Africa’s only female table tennis champion, ranked 43 in the world, is training now for the International Table Tennis Federation (ITTF) Women’s World Cup, she told ESPN. The 24-year-old, who says it’s been difficult to balance between the sport and her student life, had almost retired three years ago after struggling to […]
Posted inON YOUR WAY OUT
Incubator Flat6Labs takes on eight startups in its 11th cycle
Cairo-based regional tech incubator Flat6Labs has taken on eight startups for its 11th cycle, including Sana3ly, The Meal Kit and Medicobot, an official said. The eight online and digital-solution startups will graduate from Flat6Labs’ four-month cycle in December.
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 (Wednesday): 14,612 (+1.8%) Turnover: EGP 776 mn (3% above the 90-day average) EGX 30 year-to-date: -2.7% THE MARKET ON WEDNESDAY: The EGX30 index […]
Posted inCALENDAR
26-27 September (Wednesday-Thursday) The Egyptian Factoring Association (EFA) will host a workshop on “Factoring as a tool for financing SME’s,” The Nile Ritz-Carlton, Cairo 1113 Corniche El Nil, Cairo. 26-30 September (Wednesday-Sunday): 2018 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo. 27 September (Thursday): CBE’s Monetary Policy Committee meeting. October: The Madbouly […]
Posted inWhat We're Tracking Today
What we’re tracking on 26 September 2018
Conference season is really picking up, with three gatherings of note taking place this morning: The E-Commerce Summit in Egypt bills itself as the first gathering of its kind of the emerging industry, which faces the prospect of new regulation during the fall sitting of the House of Representatives; Gearheads will want to make their […]
Posted inWhat We're Tracking Today
Talk of an emerging markets resurrection is coming down from top investment banks
**#1 Sell-side sentiment on emerging markets could be turning a corner after a very rough seven months for EM investors, issuers and policymakers. This could be very good news for Egyptian companies looking to take IPOs to market this fall. Goldman Sachs sees the EM Zombie Apocalypse easing as a cooling US economy, strong EM […]