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INVESTMENT WATCH- B Investments planning to invest EGP 250 mn next year: Private equity firm B Investments is planning to invest EGP 250 mn next year in sectors including food production, education, energy, and non-banking financial services, founding partner Alaa Sabaa tells Al Mal. The transactions will be self-financed, according to Sabaa, who said that […]
Author Archives: enterpriseam admin
Posted inSpeed Round
E-commerce players will be girding for a regulatory showdown with the House
E-commerce players will be girding for a regulatory showdown with the House when MPs return from summer recess next month. Rep. Ahmed Badawi says the House Communications Committee is going to look into whether companies selling health, food and cosmetics products, among others, will need to submit to additional regulatory scrutiny before being allowed to […]
Posted inSpeed Round
China State Construction inks USD 9.6 bn worth of agreements with Egypt
INVESTMENT WATCH- More from China as CSCEC signs USD 9.6 bn in new agreements: China State Construction Engineering Corporation (CSCEC) signed USD 9.6 bn in new agreements with Egypt in the latest round of contracts signed during the China-Africa Cooperation Forum in Beijing, according to Reuters’ Arabic Service. CSCEC, which is already handling a chunk […]
Posted inSpeed Round
Rixos Hospitality Egypt appoints Erkan Yildirim as managing director
MOVES- Rixos Hospitality Egypt named Erkan Yildirim (Linkedin) as managing director and member of the board of directors, according to a company press release picked up by Zawya. Yildirim was most recently Rixos’s senior vice president of operations for EMEA and Far East.
Posted inSpeed Round
Mo Salah shortlisted for Best FIFA’s Men’s Player Award, knocks Messi out of the final list
Mohamed Salah made it to FIFA’s list of top three contenders for the Best Men’s Player award in 2018, alongside Cristiano Ronaldo and Luka Modric, according to FIFA’s official website. The winner will be selected on Monday 24 September at FIFA’s award ceremony in London. On a side note, this is the first time in […]
Posted inSpeed Round
Rio’s 200-year-old museum burnt down, includes around 700 Egyptian aretfact
Brazil’s national museum hit by massive fire: Brazil’s 200-year-old national museum went up in flames Sunday night, destroying much of its 20 mn-item collection, according to Bloomberg. Funding cuts and inadequate maintenance were blamed for the fire, which destroyed items including, “Egyptian mummies, dinosaur replicas and one of the oldest human skeletons found in the […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
War Games: Egyptian and US military personnel will running Bright Star wargames for the second year in a row from 8-20 September. Indian business delegation: A delegation of more than two dozen Indian business leaders and government officials will be in Egypt from 8 to 12 September for trade and investment talks. Government to receive […]
Posted inImage of the Day
Date harvest season has begun
Egypt’s annual date harvest has begun. Xinhua took note of the start of the start of the season as Egypt looks to grow exports of the fruit to China.
Posted inEGYPT IN THE NEWS
Neolithic village, Holiday-gate top coverage of Egypt
Topping coverage of Egypt in the foreign press this morning are more pickups of the Neolithic village found in the Delta and believed to predate the Pharaonic period. Coming in at a close second are pickups of wire copy on the death of UK tourist Janice Bowles’ last week when her banana boat flipped over […]