Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Germany’s ThyssenKrupp expressed interest in working on five new refining and petrochemicals projects in Egypt. The overtures came during a meeting between company reps and Oil Minister Tarek El Molla on Sunday, according to an Oil Ministry statement.
Author Archives: enterpriseam admin
Posted inInfrastructure
Transport Ministry to issue tender for Sohag river port in mid-July
The Transport Ministry is planning to issue a tender to operate the EGP 200-300 mn Sohag river port by mid-July, according to River Transport Authority (RTA) head Abdel Azim Mohamed. The ministry broke ground on the project last week. The project is the second of several river ports the ministry plans to develop along the […]
Posted inManufacturing
First phase of Chinese textile industrial complex to house 100 factories
The first phase of the USD 2 bn Chinese textile industrial complex in Sadat City, which is expected to house 100 factories, should be complete by the end of the year, China’s commercial attaché said. The complex will be Egypt’s largest textile project and will include 568 factories once it’s fully operational and completed by […]
Posted inReal Estate + Housing
CSCEC begins talks to subcontract development of new capital business district
Redcon Construction is in talks with the China State Construction Engineering Company (CSCEC) to take part in the development of the new administrative capital’s business district, Redcon head of projects Amr Badawi tells Al Shorouk. CSCEC, which signed the contracts to develop the district early this year, plans to spend USD 3 bn on the […]
Posted inReal Estate + Housing
Hometown launches EGP 1 bn development in new capital
Hometown Real Estate Development has launched its first commercial project in the new capital, with up to EGP 1 bn in investments, according to Chairman Diaa El Din Farag. The 7,000 sqm project is expected to be completed within three years. The company is currently working on an EGP 40 mn residential project in New […]
Posted inTourism
TPA to launch tourism promotion tour in India this month
The Tourism Promotion Authority (TPA) is planning to launch a promotional tour for Egypt in four Indian cities from 23 to 27 June, Al Shorouk reports. The TPA is looking to attract Indian tourists during the typical “off-season” for European travelers to maintain a stable inflow of visitors year-round.
Posted inEgypt Politics + Economics
Prosecutor General refers 28 to criminal court for “forming an illegal group”
Prosecutor General Nabil Sadek referred yesterday 28 individuals to a criminal court on charges of “forming an illegal group aiming to topple the government,” inciting violence, and disseminating false news, among other charges, the AP reports.
Posted inON YOUR WAY OUT
Three Egyptian universities among top 200 in Golden Age Universities ranking
Three Egyptian universities made it to the Times Higher Education’s table of the best “middle-aged” universities in the world. The Universities of Ain Shams, Alexandria, and Assiut were among the top 200 “Golden Age Universities,” or schools that were founded after the Second World War. This comes shortly after four Egyptian universities made the cut […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.81 | Sell 17.91 EGP / USD at CIB: Buy 17.78 | Sell 17.88 EGP / USD at NBE: Buy 17.79 | Sell 17.89 EGX30 (Sunday): 16,143 (+1.4%) Turnover: EGP 467 mn (58% BELOW the 90-day average) EGX 30 year-to-date: +7.5% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
14 June (Thursday): 2018 World Cup kickoff match between Russia and Saudi Arabia, Moscow, Russia. 15 June (Friday): Egypt’s first 2018 World Cup match against Uruguay, Yekaterinburg, Russia. 15-17 June (Friday-Sunday): Eid Al Fitr (TBC), national holiday (Look for possible Monday off given the first day falls on a Friday). 19 June (Tuesday): Egypt plays […]