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Higher Education Minister Khaled Abdel Ghaffar met on Sunday with Arizona State University’s (ASU) Deputy Provost and Vice President for Academic Affairs Stephanie Lindquist to discuss the possibility of the university opening a campus in the new capital, according to a ministry statement.
Author Archives: enterpriseam admin
Posted inTourism
Sonesta ends management contracts for Sharm hotels due to tourism downturn
Sonesta International Hotels Corporation ended its management contracts for hotels in Sharm El Sheikh, Al Shorouk reports. The decision comes as tourist arrivals to the Red Sea resort town have been declining for the past seven years, and particularly after the downing of a Russian plane in 2015.
Posted inTelecoms + ICT
Vodafone Egypt in talks with NTRA to invest in extending fiber optics infrastructure
Vodafone Egypt is in talks with the National Telecommunications Regulatory Authority (NTRA) to allow the company to grow its landline and fiber optics infrastructure, CEO Alexandre Froment said, Al Masry Al Youm reports. State-owned landline monopoly Telecom Egypt is currently carrying out this infrastructure development alone, the newspaper notes.
Posted inAutomotive + Transportation
EMD bids for Transport Ministry's tender to maintain 100 locomotives, overhaul 41
US-based diesel-electric locomotives manufacturer EMD is bidding on the Transport Ministry's tender to maintain 100 locomotives and overhaul another 41, a source from Egypt National Railways (ENR) tells Al Shorouk. ENR has so far managed to raise USD 13 mn out of USD 80 mn needed to purchase spare parts for the locomotives, the source […]
Posted inAutomotive + Transportation
AutoCool Egypt plans to invest EGP 45 mn to manufacture new parts for car ACs
Auto parts manufacturer AutoCool Egypt is planning to invest EGP 45 mn in new production lines for car air conditioning units, Chairman Hamdy Abdel Aziz tells Al Mal. The company will factor in the new domestic components quota set by Trade and Industry Minister Tarek Kabil last month as a precursor to issuing the Automotive […]
Posted inNational Security
South Africa's Paramount Groups in talks with Egypt's to expand domestic arms industry
South African defence company Paramount Group is in talks with the Egyptian government to boost the country’s defence manufacturing capabilities and arms exports to Africa, the National reports. The company wants to establish “a modernised defence industrial complex to produce advanced land, air and naval equipment,” says Chairman Ivor Ichikowitz. “Egypt has the potential to […]
Posted inON YOUR WAY OUT
IFC, Daltex sign MoU to incorporate more women employees in agribusiness
IFC, Daltex sign MoU to incorporate more women employees in agribusiness: The International Finance Corporation (IFC) signed yesterday an MoU with agribusiness producer Daltex to incorporate and retain more women employees in the latter’s operations, according to an emailed statement (pdf).
Posted inON YOUR WAY OUT
How storytelling contributed to human evolution
From cave paintings to epic poems engraved on ancient tablets, storytelling seems to have been central to human life for thousands of years, David Robson writes for BBC. Studies have shown that the average adult is thought to spend at least 6% of the waking day engrossed in fictional stories. So why do humans need […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.62 | Sell 17.72 EGP / USD at CIB: Buy 17.61 | Sell 17.71 EGP / USD at NBE: Buy 17.57 | Sell 17.67 EGX30 (Sunday): 17,611 (-1.2%) Turnover: EGP 938 mn (18% BELOW the 90-day average) EGX 30 year-to-date: +17.3% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
07 May (Monday): American Chambers of Commerce (AmCham) will be holding its fifth annual HR Day at the Four Seasons Nile Plaza, Plaza Ballroom. 08 May (Tuesday): The Egyptian embassy in London will be hosting a “Made in Egypt” gala exhibit event. 07 May (Monday): International Data Corporation’s CIO Summit, The Nile Ritz-Carlton Hotel, Cairo. […]