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The Health Ministry has received offers from three international companies to participate in establishing a EGP 6 bn blood extracts and plasma manufacturing factory, Minister Ahmed Rady said, Al Borsa reports. The ministry plans to settle on the winning company by 15 February, Rady said. The factory will take 18 months to construct.
Author Archives: enterpriseam admin
Posted inHealth + Education
NUCA allocates Nine land plots in new capital for schools
The New Urban Communities Authority (NUCA) has allocated nine land plots in the new administrative capital’s residential block for the development of new schools, Housing Minister Moustafa Madbouly tells Al Borsa. The projects must be completed within five years from receiving the land plots, he adds.
Posted inTourism
Air Cairo launches new flight between Naples and Sharm El Sheikh
Air Cairo is launched its inaugural weekly flight from Naples to Sharm El Sheikh on Friday, reports Al Shorouk. The flight comes as part of a broader effort for the company to expand into the Italian market, an expansion that included launching routes from Milan to Sharm El Sheikh and Marsa Alam at the end […]
Posted inTourism
Tourism Minister meets with Marriott to discuss increasing investments
Tourism Minister Rania El Mashat held a meeting with Marriott’s Middle East and Africa director Alex Kyriakidis and other company representatives to discuss increasing investments in Egypt, Al Shorouk reports. Marriott, which owns 18 hotels in Egypt, recently signed two contracts with the Housing Ministry to build hotels in Alamein. The new projects come as […]
Posted inTourism
Ramses II moved to new museum
The colossal 400-m statue of Ramses II has been moved to the atrium of the new Grand Egyptian Museum on Thursday, according to Reuters.
Posted inAutomotive + Transportation
New ride-hailing app for tuk-tuks and motorcycles launched in four governorates
Halan Technology company has launched a new ride-hailing app for tuk-tuks and motorcycles in Cairo, Giza, Qalyubiyah, and Minya, Al Borsa reports. Nearly 10,000 users have already downloaded the Android app Halan, which will expand into Alexandria next week and other governorates during 2018. In related news, transportation service provider En2l will begin operating its […]
Posted inAutomotive + Transportation
El Sisi issues decree approving AFD’s EUR 100 mn loan for Alexandria tram
President Abdel Fattah El Sisi issued a presidential decree yesterday approving the EUR 100 mn loan the French Development Agency is providing for the EUR 360 mn Alexandria tram project, Al Ahram reports. Parliament had signed off on the loan in November despite objections from several MPs to taking on more loans.
Posted inAutomotive + Transportation
BYD to supply Alexandria with 15 electric buses
The General Authority for Passenger Transport in Alexandria will buy 15 electric buses from Chinese BYD Auto for the supply of, head of the authority Khalid Aliywa said in statements carried by Al Borsa.
Posted inBanking + Finance
CBE implements new QR code-based payments system
The central bank launched a QR code-based payment system to facilitate electronic payments, CBE Sub-Governor Lobna Helal said, according to Al Borsa. The new system, which is now open to all banks which can process e-payments, comes at a much cheaper price than other PoS equipment. The move comes as part of the CBE’s financial […]
Posted inBanking + Finance
Raya’s Aman to launch operations in 2H2018
Raya Holding’s SME financing subsidiary Aman will launch operations in 2H2018 as soon as it receives licenses from the Financial Regulatory Authority, company CEO Hazem Moghazi tells Al Borsa.