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The first pilgrimage trip along the Holy Family Trail is scheduled to begin on 17 June, Tourism Minister Rania Al Mashat said yesterday, Ahram Gate reports. The route is expected to take four days to complete.
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
DMS appointed Snapchat sales rep. in Egypt, Kuwait
Multimedia messaging app Snapchat appointed Choueiri Group's Digital Media Services (DMS) to act as its sales representative in Egypt and Kuwait, according to Arabian Marketer.
Posted inAutomotive + Transportation
Revolta Egypt acquires American agency specialized in sale of used e-vehicles
Revolta Egypt signed an agreement to acquire a US agency specialized in the sale of used electric cars, CEO Mohamed Badawy tells Al Mal without disclosing the value of the transaction. Revolta, which is looking to sell electric vehicles and develop supporting infrastructure, is also in talks with various international lenders over a facility to […]
Posted inAutomotive + Transportation
SCA announces discounts for ships traveling the US-Asia route until 31 December
Container ships plying the route between the east coast of the United States and ports in South and Southeast Asia via the Suez Canal will be granted discounts of 45-65% on transit fees until 31 December of this year, the Suez Canal Authority (SCA) announced yesterday in a statement carried by Al Mal. Containers must […]
Posted inAutomotive + Transportation
Dnata to provide EgyptAir with cargo handling services at DWC
Global air services provider Dnata will be providing EgyptAir with cargo handling services from its facility at Dubai World Central (DWC) as EgyptAir launches its new weekly freighter line between Cairo and Dubai, according to Logistics Middle East.
Posted inBanking + Finance
Kuwait’s KAMCO taps Zaki Hashem to advise on plans to establish investment bank in Egypt
Kuwait’s KAMCO Investment Company has reportedly tapped Zaki Hashem & Partners as legal adviser for its plans to establish an investment bank in Egypt, sources tell Daily News Egypt. The plans come as part of efforts to expand in the region as it hopes to “offer its services to as many international customers as possible,” […]
Posted inBanking + Finance
United Bank to contribute EGP 570 mn to EGAS loan
The United Bank of Egypt is planning to contribute EGP 570 mn to an EGP 3 bn loan arranged by the National Bank of Kuwait (NBK)-Egypt for EGAS, as it looks to connect more homes to the natural gas grid, Chairman Ashraf El Kady said yesterday, according to Al Masry Al Youm.
Posted inOther Business News of Note
El Nasr Housing employees to sue five state officials over Uptown Cairo dispute with Emaar
The tired saga of Emaar vs. El Nasr Housing continues as employees of state-owned El Nasr Housing and Reconstruction have filed a lawsuit against five state officials, including the minister of justice and public enterprises, for damages they claim to have suffered as the result of a board decision to accept a EGP 100 mn […]
Posted inOther Business News of Note
Arab Contractors wins EGP 192 mn contract to build hypermarket in New Thebes
Arab Contractors has won a contract to develop a EGP 192 mn hypermarket and mall in New Thebes in Luxor, Chairman Mohsen Salah said in a statement picked up by Al Shorouk. The company has also signed contracts for infrastructure projects that are together worth nearly EGP 450 million in Qena and New Aswan.
Posted inSports
Al Ahly signs EGP 400 mn television broadcast contract
Al Ahly football club sold four years of broadcasting rights to its matches to Presentation Sports in a EGP 400 mn agreement, marking a EGP 230 mn increase over the previous contract, Al Mal reports.