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Holding Company for Tourism and Hotels subsidiary Misr Travel has received a EGP 250 mn loan from India’s Investment Ministry to purchase new vehicles to upgrade its fleet, Chairman Rashad Refai tells Al Mal. The loan has a five-year tenor and a repayment period of 20 years with 1.5% interest, in addition to a 1% […]
Author Archives: enterpriseam admin
Posted inLaw
Shalakany Law tapped as legal advisor for int’l financiers on wind, solar projects
Shalakany Law Office has been selected as legal advisor to international institutions financing the development of three wind and solar power projects valued at USD 400 mn each, El Shalakany Partner Mariam Fahmy tells Amwal Al Ghad. The 200-250 MW renewable power plants are being developed by unnamed international and local companies, Fahmy says. The […]
Posted inNational Security
Egyptian navy holds military exercises with British and French counterparts
Egypt’s naval forces held separate bilateral military exercises with the British and French navies off the Red Sea and Mediterranean coasts, respectively, according to an Armed Forces statement. Both exercises featured a series of field exercises and military maneuvers.
Posted inON YOUR WAY OUT
Essam El Hadary retires from international football
Veteran goalkeeper Essam El Hadary announced yesterday he is finally retiring from international football, saying in a statement that he sees it is “the right time” to end his international career after 22 years. El Hadary, 45, broke the Guinness World Record for the oldest player to ever participate in the World Cup during this […]
Posted inON YOUR WAY OUT
Car explodes in Dokki, injuring 13 people
A car exploded near the 6th of October Bridge ramp in Dokki yesterday after colliding with a microbus, injuring 13 people, the Health Ministry said yesterday, Reuters reports. The explosion appears to be due to an electrical fault which spread to the car’s fuel tank, according to explosive experts.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.82 | Sell 17.92 EGP / USD at CIB: Buy 17.83 | Sell 17.93 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 15,645 (-0.6%) Turnover: EGP 530 mn (40% below the 90-day average) EGX 30 year-to-date: +4.2% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
05-09 August (Sunday-Thursday): CBE hosts 41st annual meeting of the Association of African central banks, Sharm El Sheikh, Egypt. 12 August (Sunday): Egypt’s Emirates NBD PMI reading for July released. 16 August (Thursday): CBE’s Monetary Policy Committee meeting. 21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday. 28-29 August (Tuesday-Wednesday): CI Capital’s 5th Annual Egypt […]
Posted inWhat We're Tracking Today
What we’re tracking on 7 August 2018
It’s earnings season and the start of Peak Sahel at the same time, so news today is largely dominated by talk of regulatory policies and the government’s release of macroeconomic data. Foreign Minister Sameh Shoukry is in Washington today for day two of a two-day visit that will see him meet US Secretary of State […]
Posted inEnterprise+: Last Night’s Talk Shows
Football fans’ expected return to stadiums is the talk of the town
The expected return of football fans to Egypt’s stadiums next month after a years-long hiatus was the talk of the town on the airwaves last night. The Egyptian Football Association (EFA) is drafting a plan to gradually allow fans to attend football matches again without jeopardizing their safety, Sports Ministry Spokesman Mohamed Fawzy told Masaa […]