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The Alexandria Electricity Distribution Company (AEDC) has issued six local tenders for the refurbishment and development its grids, a company source tells Al Mal. The company, will begin accepting offers in April.
Author Archives: enterpriseam admin
Posted inInfrastructure
China’s CRBC to begin USD 600 mn Sharm El Sheikh port development project in late April
The China Road and Bridge Corporation (CRBC) will reportedly break ground on the USD 600 mn Sharm El Sheikh port development project on 25 April, a source at the Red Sea Ports Authority tells Al Mal. CRBC will build a touristic resort with a yacht marina and entertainment center, as well as an EGP 30 […]
Posted inManufacturing
Edita to invest EGP 150 mn this year to develop factories
Packaged snacks manufacturer Edita is planning to invest EGP 150 mn this year to build a new factory and upgrade existing ones, according to Chairman Hani Berzi. The new EGP 30 mn plant will be established in the Six October City Polaris Al Zamil industrial park on land the company purchased two years ago. Edita […]
Posted inOther Business News of Note
Flat6Labs plans to reach second financial close on EGP 100 mn fund this year
Flat6Labs is planning to close on its EGP 100 mn Flat6Labs Accelerator Company (FAC) fund by year’s end, which will allow it to accelerate more than 100 Egyptian early stage startups over the next five years, says Managing Partner Marie-Therese Fam. The fund had reached its first EGP 50 mn closing last year, and plans […]
Posted inOther Business News of Note
Investment Ministry, Lawyers’ Syndicate sign agreement to provide legal services to investors
Investment Minister Sahar Nasr signed yesterday an agreement with the Lawyers’ Syndicate to provide legal services to investors online and through investment service centers, according to a ministry statement.
Posted inON YOUR WAY OUT
Call of Duty adds Egypt map to DLC
The ever-popular WW2 first-person shooter Call of Duty is adding an Egypt map to its its upcoming release, War Machine, according to Eurogamer. The pack is due to his PlayStation 4 on 10 April.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5933 | Sell 17.6917 EGP / USD at CIB: Buy 17.59 | Sell 17.69 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Wednesday): 17,306 (+0.2%) Turnover: EGP 2.2 bn (91% ABOVE the 90-day average) EGX 30 year-to-date: +15.2% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
28-31 March 2018 (Wednesday-Saturday): Cityscape Egypt, Cairo International Convention Centre, Cairo. 02-03 April (Monday-Tuesday): Pharos Holding’s investor conference: In Search for Egypt Alpha, Cairo. 08 April (Sunday): Easter Sunday, national holiday. 09 April (Monday): Sham El Nessim, national holiday. 11 April (Wednesday): The Game Sports Industry Conference, Nile Ritz-Carlton Hotel, Cairo. 17-18 April (Tuesday-Wednesday): Creative […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 March 2018
We have very little non-election news of note for you this morning, ladies and gentlemen. ‘Tis simply one of those days. It’s the third day of voting in the 2018 presidential election, and it’s still unclear if it will be the last. The National Elections Authority (NEA) continues to deny reports that it will announce […]