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El Fath for Pharma & Cosmetics Industries (Fipco) is partnering up with Mauritania’s state buyer of medical equipment and supplies CAMEC to establish a USD 10 mn medical supplies factory in Mauritania, Al Mal reports. The agreement, which will be signed during a visit by a Mauritanian business delegation to Cairo, will see Fipco provide […]
Author Archives: enterpriseam admin
Posted inHealth + Education
Alameda’s Dar Al Fouad plans new administrative capital, New Alamein City expansions
Alameda Healthcare-owned Dar Al Fouad Hospital is planning to expand in the new administrative capital and New Alamein City, Al Borsa reports. The company plans to construct a new hospital and adjacent hotel to lodge patients during their recovery in the new capital, and a rehabilitation medical center in New Alamein. The projects will be […]
Posted inHealth + Education
Taafy Group studies new EGP 50 mn radiology hospital
Taafy International Healthcare Group is conducting feasibility studies to establish a EGP 50 mn specialized hospital for interventional radiology, the group’s Medical Consulting CEO Mohamed Ibrahim tells Al Mal. The new 50-bed hospital in New Cairo is set to be complete by year’s end.
Posted inTourism
Air Arabia sees biggest growth from European tourists returning to Morocco, Egypt
European tourists visiting Morocco were the main driving forces of Air Arabia’s growth in 2017, while Egypt’s performance “was good,” Air Arabia CEO Adel Ali said on Thursday, CAPA Centre for Aviation reported. Ali noted that European travelers have begun returning to North Africa in general.
Posted inBanking + Finance
AT Lease targets EGP 1.2 bn contracts this year
Al Tawfeek Leasing (AT Lease) is targeting new financial leasing agreements worth EGP 1.2 bn in 2018, CEO Tarek Fahmy tells Al Masry Al Youm.
Posted inOther Business News of Note
Luxor governor signs EGP 600 mn project to grow medicinal plants and herbs
The governor of Luxor signed off yesterday on a plan to establish a EGP 600 mn project to grow plants and herbs that would be used in the pharma industry over 50,000 feddans, Ahram Gate reports. Phase one will be established over 11,000 feddans.
Posted inEgypt Politics + Economics
Tensions rise in Al Wafd Party over suggested changes to party bylaws
Al Wafd Party Chairman Al Sayed Al Badawi has called for a meeting later this month to discuss amending the party’s bylaws before his term ends in June, leading to tension within the party, Ahram Online reports. The majority of the party’s Supreme Committee voted last month to postpone the discussions until a new chairman […]
Posted inSports
Egypt’s Tayeb, Shorbagy crowned Windy City Open champions
Egyptian Squash champions Nour El Tayeb and Mohamed El Shorbagy have claimed the top titles in Chicago’s Windy City Open, Egypt Independent reports.
Posted inON YOUR WAY OUT
Egyptian girl hospitalized in London following “racist” attack
Egyptian student Mariam Mostafa has been hospitalized in London after 10 British girls attacked her on the street, Egypt Independent reports. The Foreign Ministry is following up on the incident to ensure the perpetrators are brought to justice, according to a statement.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5903 | Sell 17.6903 EGP / USD at CIB: Buy 17.57 | Sell 17.67 EGP / USD at NBE: Buy 17.56 | Sell 17.66 EGX30 (Thursday): 15,443 (-0.2%) Turnover: EGP 1.5 bn (32% ABOVE the 90-day average) EGX 30 year-to-date: +2.8% THE MARKET ON THURSDAY: The Egyptian benchmark […]