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Samcrete, the Arab Organization for Industrialization (AOI), and East Port Said for Integrated Development inked on Saturday a cooperation agreement which would see them work to increase production and export of railway components, Al Mal reports.
Author Archives: enterpriseam admin
Posted inTourism
Antiquities Ministry raises prices of five-day tourist passes
The Antiquities ministry decided to raise the prices of its five-day tourist passes, which allow visitors access to different museums and archaeological sites, according to a ministry statement. The price for the standard Cairo and Luxor passes rose to USD 100 from USD 80 (USD 50 from USD 40 for students), while the premium pass […]
Posted inAutomotive + Transportation
EBRD issues tender for consultant to advise on Egypt’s electric vehicle strategy
The European Bank for Reconstruction and Development (EBRD) put out a procurement notice on Friday for a consultant to work alongside on drafting Egypt’s E-mobility strategy, which will serve as a precursor to the introduction of electric vehicles (EV) in the country. The strategy will focus, among other things, on understanding infrastructure needs for rolling […]
Posted inBanking + Finance
EFG arranging EGP 3 bn worth of loans this year for two companies
EFG Hermes is arranging loans worth a combined EGP 3 bn for an unnamed grain trading firm and a real estate developer by year’s end, unidentified sources tell Al Mal. The investment bank expects to secure the funding from Egyptian banks, according to the sources. EFG is also taking the lead on restructuring the grain […]
Posted inOther Business News of Note
Supply Minister to issue tender for EGP 1 bn logistics zone in Qena
The Supply Ministry launched a tender yesterday for the construction of a EGP 1 bn logistics zone in Qena, Amwal Al Ghad reports. The project will see the development of storage facilities, in addition to retail outlets and shops in the next three years, Supply Minister Ali El Moselhy said. Meanwhile, the authority is planning […]
Posted inEgypt Politics + Economics
Mob attacks Christian homes in Upper Egypt, leaving 3 injured
A mob attacked a number of Christian homes in an Upper Egypt village over the proposed construction of a church in the area, the Minya Coptic Orthodox Diocese said in a statement, according to the Associated Press. The attack left three people injured.
Posted inSports
Egypt is the favorite at the CGG WSF Women's World Team Squash Championship
Egypt is likely to bring this month's CGG WSF Women's World Team Squash Championship title home with four of the squad’s players ranked among the top six, says PSA World Tour.
Posted inON YOUR WAY OUT
Egypt makes first appearance at London Design Biennale
Egypt’s first showing at London Design Biennale: The first Egyptian exhibition to be featured at the London Design Biennale features the vision of Al Emara (1939-1959), the first Arabic-language design magazine focused on contemporary architecture in Egypt. The Biennale writes that, “The Egyptian installation will mourn the loss of the country’s modernist architecture, a rich […]
Posted inON YOUR WAY OUT
Alicia Keys’ family visits Egypt
Singer Alicia Keys is in Egypt for family vacation with her husband Swizz Beatz, reports Egyptian Streets. The family toured Cairo, Luxor, and Aswan where they visited the Pyramids and various temples.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.84 | Sell 17.94 EGP / USD at CIB: Buy 17.84 | Sell 17.94 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Thursday): 16,009 (+1.1%) Turnover: EGP 858 mn (1% above the 90-day average) EGX 30 year-to-date: +6.6% THE MARKET ON THURSDAY: The EGX30 ended […]