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The EGX confirmed in an emailed statement that it will be closed on Thursday to mark the Revolution and / or Police Day, whatever it is that we observe on 25 January. Trading will resume on Sunday. Thursday is a national holiday.
Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
CI Capital’s 2018 MENA Investor Conference will take place on 30 January. The 49th Cairo International Book Fair will run from 26 January until 10 February, featuring 848 publishers from 27 countries.
Posted inEnterprise+: Last Night’s Talk Shows
Most talking heads continue to focus squarely on the presidential race
The presidential race continued to top discussions on the airwaves last night, making us all the more thankful for a couple nuggets of business-relevant news. Al Ghurair Group signing a USD 1 bn investment in a vertically integrated sugar plant is reflective of the country’s improving investment climate, cabinet spokesman Ashraf Sultan told Masaa DMC’s […]
Posted inSpeed Round
UAE’s Al Ghurair to invest USD 1 bn in sugar agriculture project
INVESTMENT WATCH- UAE’s Al Ghurair Group will invest USD 1 bn in a massive sugar cultivation and processing project, which some are already calling the largest foreign direct investment in Egypt since the EGP float. The project will see the company develop 181k feddans of reclaimed desert land west of Minya to grow 1 mn […]
Posted inSpeed Round
Masdar proposes solar plant investments of USD 600 mn
INVESTMENT WATCH- Masdar plans to invest in up to 500 MW of solar power generation capacity: UAE’s Masdar presented the New and Renewable Energy Authority (NREA) with plans to develop solar power plants with a combined capacity of 500 MW,authority sources told Al Mal. The plants would operate under a build-own-operate framework and will sell […]
Posted inSpeed Round
US imposes new security protocols on cargo flights from five countries,including Egypt
US imposes new security protocols on cargo flights from Egypt and four other countries: The US Transportation Security Administration issued an emergency order on Monday that requires new security screening for cargo on flights from five Middle East countries, including Egypt, the Associated Press reports. Jordan, Saudi Arabia, Qatar and the UAE were also named […]
Posted inSpeed Round
Zobaa steps down as MD of GAFI
Trouble at GAFI? General Authority for Investment and Free Zones Managing Director Mona Zobaa announced she has stepped down in a statement on Monday picked up by Al Mal. Zobaa, who was appointed only in August of last year, was tight-lipped about the reasons she stepped down. It is unclear at present who might succeed […]
Posted inSpeed Round
NMC Healthcare signs O&M contracts to manage Dar Al Fouad, As-Salam hospitals
NMC Healthcare signs O&M contracts to manage Dar Al Fouad, As-Salam hospitals: UAE-based hospital operator NMC Healthcare signed operation and management (O&M) contracts with Emirates Healthcare Group to manage the latter’s two Egyptian hospitals, Dar Al Fouad and As-Salam, according to the Emirates News Agency. The two hospitals have a combined capacity of 860 beds. […]
Posted inSpeed Round
Uber Eats to launch in Cairo and Saudi Arabia this year
Uber will launch is Uber Eats service in Cairo and Riyadh sometime this year, according to a company statement. “The expansion comes on the back of Uber Eats success in the UAE, where orders grew by 169% in the 2nd semester of 2017 only, and the number of restaurants opening their doors on the app […]
Posted inSpeed Round
Hurghada tops German package holiday market destinations
Hurghada continued to reign supreme as the premier destination spot for German tourists in December, growing 55% m-o-m, German tourism outlet FVW reports. Arrivals had jumped 72% in November. The Red Sea getaway held a 21% market share of all bookings for the ten largest destinations traveled by Germans.