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The Supply Ministry signed yesterday an MoU with the Port Said governorate to construct logistics zones and a trading center at a combined cost of EGP 3.3 bn, Youm7 reports. The ministry had also signed an agreement with Majid Al Futtaim and Elsewedy Electric last month to establish several logistics zones. The logistics zones are […]
Author Archives: enterpriseam admin
Posted inManufacturing
Gov’t wants foreign companies to bid on National Cement Company factory
The Public Enterprises Ministry plans to invite foreign companies to bid on the construction of a new National Cement Company factory in Minya once feasibility studies on the factory are complete, Ahram Gate reports.
Posted inHealth + Education
Magdi Yacoub looking for funding for new USD 350 mn heart center in Aswan
Egyptian cardiothoracic surgeon Magdi Yacoub is looking to secure funding for a new USD 350 mn heart center in Aswan, Vice Chairman Magdy Ishak tells Al Mal.
Posted inAutomotive + Transportation
Fawry outlets may begin selling metro tickets soon - sources
The Egyptian Company Metro Management and Operation (Cairo Metro) is expected to sign a contract with e-payments platform Fawry within the next few days that will see Fawry sell metro tickets, a Cairo Metro source tells Al Mal. The agreement could be signed in the next few days.
Posted inON YOUR WAY OUT
Ultras Ahlawy group announces self-dissolution
Al Ahly football club’s hardcore supporters group Ultras Ahlawy announced their permanent dissolution and posted a video (watch, runtime: 0:28) of the banner being burnt before deleting their Facebook page. Al Ahly and Zamalek Ultras groups have been charged by security authorities over the years with inciting violence, most notably for the 2012 Port Said […]
Posted inON YOUR WAY OUT
Wasla wins student e-payment contract with international Canadian colleges in Egypt
Wasla Egypt has secured contracts to provide e-payment services for students at International Canadian Institutes around Egypt, Al Mal reports. The new service, which comes into effect as of the new September semester, will allow thousands of students to pay their tuition fees online. The agreement comes in coordination with the National Bank of Egypt […]
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 17.77 | Sell 17.87 EGX30 (Thursday): 16,878 (-0.7%) Turnover: EGP 869 mn (25% BELOW the 90-day average) EGX 30 year-to-date: +12.4% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
15-17 June (Friday-Sunday): Eid Al Fitr (TBC), national holiday (Look for possible Monday off given the first day falls on a Friday). 28 June (Thursday): CBE’s Monetary Policy Committee meeting. 16 August (Thursday): CBE’s Monetary Policy Committee meeting. 21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday. 04-05 September (Tuesday-Wednesday): Euromoney Egypt Conference 2018, Cairo. […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 May 2018
Good morning, friends, and Ramadan kareem. We hope those of you observing the Holy Month are doing better without your morning dose of coffee than we are. Look for a daytime high of 36°C in Cairo on this first day of fasting, kicking off a heat wave that will see temps stuck in the 40s […]