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EgyptAir is adding three weekly flights from Kuwait to Cairo and Sohag as of 20 April, Regional Manager Fathy Nazih has announced, according to Al Shorouk. The flights will be subject to further increase depending on demand, he added.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
GAFI wins Best Investment Promotion Agency award in Dubai
The General Authority for Freetrade and Investment (GAFI) received the Best Investment Promotion Agency award at the Annual Investment Meeting Awards held in Dubai, Khaleej Times reports. The awards celebrate agencies’ efficiency in “branding and attracting investment that helps…countries to develop their economies fast and create jobs.”
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6300 | Sell 17.7300 EGP / USD at CIB: Buy 17.63 | Sell 17.73 EGP / USD at NBE: Buy 17.57 | Sell 17.67 EGX30 (Wednesday): 17,944 (+1.44%) Turnover: EGP 3.6 bn (208% ABOVE the 90-day average) EGX 30 year-to-date: +19.5% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
11 April (Wednesday): The Game Sports Industry Conference, Nile Ritz-Carlton Hotel, Cairo. 17-18 April (Tuesday-Wednesday): Creative Industry Summit, Four Seasons Nile Plaza Hotel, Cairo. 24-25 April (Tuesday-Wednesday): Renaissance Capital’s 3rd Annual Egypt Investor Conference, Cape Town, South Africa. 25 April (Wednesday): Sinai Liberation Day, national holiday. 01 May (Tuesday): Labor Day, national holiday. 02-03 May […]
Posted inWhat We're Tracking Today
What we’re tracking on 11 April 2018
THE story of what was a relatively quiet news day is, without doubt, Madinet Nasr Housing & Development’s (MNHD) announcement that it is opening dialogue to either acquire or merge with SODIC — a transaction which could very well reshape the real estate sector and could potentially be among the biggest upcoming M&As. So far, […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Portuguese President Marcelo Rebelo de Sousa is visiting Egypt this week to attend the Egyptian-Portuguese Business Forum on Thursday, Al Mal reports.
Posted inON THE HORIZON
On the horizon
French President Emmanuel Macron will reportedly visit Egypt in early May for talks with President Abdel Fattah El Sisi on bilateral relations and regional issues, according to Foreign Ministry sources.
Posted inEnterprise+: Last Night’s Talk Shows
Successful EUR 2 bn eurobond issuance, easing inflation rates
Egypt’s successful EUR 2 bn eurobond issuance was the highlight of last night’s talk shows, which are slowly easing back into the flow of news after the long weekend. The strong appetite for the offering reflects investors’ confidence in Egypt’s economic reforms, Finance Minister Amr El Garhy told Hona Al Asema’s Lamees Al Hadidi. Noting […]
Posted inSpeed Round
MNHD explores possible merger or acquisition with SODIC
M&A WATCH- MNHD wants to open talks on merger with, or acquisition of, SODIC: The board of directors of Madinet Nasr Housing & Development (MNHD) has given its chairman the go ahead to open talks with our friends at SODIC with a view to either acquiring the upmarket developer or merging the two companies, MNHD […]