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A case of self-sabotage at the state privatization program? Conventional wisdom would have it that it a share sale would not be well served by antagonizing potential investors. That appears not to have come across to the Public Enterprises Ministry, as the head of the Holding Company For Metallurgical Industries, Medhat Nafei, penned an oped […]
Author Archives: enterpriseam admin
Posted inWorth watching
China’s Shenzhen is the world’s first “quieter” megacity thanks to electric cars
China’s Shenzhen is the world’s first “quieter” megacity thanks to the city’s increased reliance on electric vehicles, according to Bloomberg (runtime: 1:26). The majority of Shenzhen’s vehicles — from personal vehicles to buses and taxis to dump trucks — are electric, which reduces both the noise and air pollution that are emblematic of large metropolises. […]
Posted inEnergy
NREA to tender 250 MW Gulf of Suez wind farm mid-September
The New and Renewable Energy Authority (NREA) is planning to launch a tender to develop a 250 MW wind farm in the Gulf of Suez by mid-month, according to Amwal Al Ghad. Siemens, Danish wind turbine manufacturer Vestas, and German wind energy solutions Senvion are reportedly the only three companies competing for the EUR 260 […]
Posted inInfrastructure
Countryside contracts Go Green to construct water treatment plant in AlMagrah
The state’s Egyptian Countryside Development Company (ECDC) signed a contract with agriculture investor Go Green to establish a water desalination plant near the Western Desert’s Al Magrah Lake, according to a company statement picked up by Amwal Al Ghad. The plant, on which construction has already kicked off, is set to treat 700k cbm of […]
Posted inManufacturing
Sinoma-CDI contracts Siemens to provide industrial systems for Beni Suef cement factory
Sinoma-CDI has contracted Siemens to provide industrial systems and gas analytics solutions for its EUR 1.2 bn Beni Suef cement factory, Al Masry Al Youm reports. No details were provided.
Posted inAutomotive + Transportation
National Railway Authority to tender 400 thousand sqm in six months’ time
In what could be a faint signal that Egyptian National Railways is finally looking to make good on its plan to divest non-performing assets, the railway authority is reportedly planning to tender 400k sqm of land across a number of unspecified locations, according to local media reports. Land parcels could be offered within the coming […]
Posted inSports
Egypt U20 women’s volleyball team make it to world championship and win Africa
The U20 women’s national volleyball team has secured a berth in the 2019 Mexico Volleyball U20 World Championship after beating Rwanda 3-0 on Sunday, KT press reports. The win gives the U20 team the African championship title for the eighth time in a row.
Posted inON YOUR WAY OUT
Grey’s Anatomy Patrick Dempsey is guest of honor in Gouna film festival
Grey’s Anatomy star is guest of honor at this year’s Gouna film festival: US actor Patrick Dempsey, known for his role as neurosurgeon Derek Shepherd on the show Grey’s Anatomy, will be the guest of honor in this year’s edition of El Gouna Film Festival, says Egypt Independent. The festival will be held from 20-28 […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.94 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 15,822 (-0.2%) Turnover: EGP 781 mn (6% below the 90-day average) EGX 30 year-to-date: +5.3% THE MARKET ON MONDAY: The Egyptian benchmark […]
Posted inCALENDAR
04 September (Tuesday): Egypt’s Emirates NBD PMI for August released. 04-05 September (Tuesday-Wednesday): Euromoney Egypt Conference 2018, Cairo. 10-13 September (Monday-Thursday): EFG Hermes’ 8th Annual London Conference, Emirates Arsenal Stadium, London. 11 September (Tuesday): Islamic New Year (TBC), national holiday. 17-19 September (Monday-Wednesday): INTERCEM Cairo to Cape Town cement industry conference, Dusit-Thani LakeView, Cairo. 18 […]