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The fifth edition of the Sahl Hasheesh triathlon wrapped up a few weeks ago and organizers Trifactory have put together a nifty highlight video showing athletes from all across the globe compete in one of the region’s largest contests of its kind. Next up for Trifactory is the ‘Aswan42’ marathon, which will take competitors through […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Diplomacy + Foreign Trade on 11 December 2017
President Abdel Fattah El Sisi met with the Chairman of Libya’s Presidential Council Fayez Al Sarraj in Cairo yesterday (pdf) to discuss developments in the Libyan peace and reconciliation efforts. Anti-terror cooperation was also on the agenda. Al Sarraj also sat down with Foreign Minister Sameh Shoukry for talks on the same issue. Both Turkey […]
Posted inEnergy
Teba for Development to construct EGP 300 mn electrical transformer production factory
Teba for Development is planning to establish a EGP 300 mn factory to manufacture electrical transformers in partnership with an unnamed Chinese company, Teba Chairman Mohamed Soliman tells Al Shorouk. The 22k sqm factory will be constructed over the next year in 10 Ramadan City.
Posted inBasic Materials + Commodities
Ban on Egyptian produce has had limited effect on overall agricultural exports
Egypt managed to mitigate the effects of the ban that some countries imposed on certain Egyptian crops by breaking into new markets, Agriculture Export Council Chairman Ali Issa tells Al Shorouk. While the blanket bans enforced by countries including Sudan, Saudi Arabia, and Kuwait, held back some 100k tonnes of crops meant for export, Egypt […]
Posted inBasic Materials + Commodities
Wadi Group shelves fodder plant due to capex and liquidity concerns
Wadi Group has decided to indefinitely postpone plans to establish a new fodder plant due to capex and financing concerns, CEO and President Tony Freiji tells Al Shorouk. The company will focus instead on its projects in the Toshka area, particularly in lights of its liquidity shortage and how high interest rates are at the […]
Posted inManufacturing
Oriental Weavers to invest EGP 120 mn in production lines and equipment
Oriental Weavers is planning on spending EGP 120 mn on new production lines, machinery, and equipment over the next year, Founder Mohamed Khamis tells Al Shorouk. The investments are part of the company’s expansion strategy, which will be financed through a EUR 9 mn loan agreement with QNB Alahli. The company had announced plans in […]
Posted inReal Estate + Housing
Uptown Alex developing EGP 100 mn project in Semouha
Uptown Alex is developing a residential project in the Alexandria neighborhood of Semouha for EGP 100 mn, Managing Director Sabri Ghanem tells Al Borsa. The 4,000 sqm project will include 220 homes, as well as commercial and administrative spaces, once it's complete by 2020. 35% of the project has already been marketed to buyers, with […]
Posted inReal Estate + Housing
NUCA finishes urban planning on 20 plots of land in New Alamein
The New and Urban Communities Authority (NUCA) is planning to tender 20 land plots at the New Alamein City by 1Q2018 to real estate and commercial developers, sources at the Housing Ministry tell Al Borsa. NUCA has already received requests from local and Arab investors.
Posted inTelecoms + ICT
GTH extends USD 200 mn loan agreement
Global Telecom Holding announced entering into an amendment agreement for a USD 200 mn unsecured short-term loan agreement with Citi and ING Bank, according to a company statement.
Posted inTelecoms + ICT
NTRA may tender additional 4G frequencies
The National Telecommunications Regulatory Authority (NTRA) may issue a tender for “a limited set of bands” of additional 4G frequencies, Daily News Egypt reports. The NTRA is currently studying ways to address requests from the country’s four network operators, all of whom have officially asked for additional frequency. Prices and conditions would be determined based […]