Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
US real estate developer Vernbro Global broke ground on an EGP 6 bn mixed-use project in Tanta for the Supply Ministry, which it expects to inaugurate by 2020, Daily News Egypt reports. Vernbro was contracted for the project after securing an Internal Trade Development Authority tender. The project — dubbed Downtown Tanta — spans 340k […]
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
MNOs officially submit requests for additional 4G frequencies, ICT Ministry promises 5G licenses by 2020
Egypt’s four mobile network operators have officially submitted requests for additional 4G frequencies, two sources from the National Telecommunications Authority (NTRA) tell Reuters’ Arabic service. The NTRA will provide the frequencies requested, but the process will “take some time,” one of the sources says. ICT Minister Yasser El Kady had previously said the operators would […]
Posted inBanking + Finance
Export Development Bank, Afreximbank, ECGE to sign USD 500 mn agreement
The Export Development Bank of Egypt, African Export-Import Bank (Afreximbank), and the Export Credit Guarantee Company of Egypt are going to sign an exclusive joint agreement on 8 December, the Export Development Bank said in a statement to the EGX (pdf). The agreement comes under the export credit support scheme.
Posted inBanking + Finance
FEB proposes easing requirements on mobile microtransactions
The Federation of Egyptian Banks (FEB) proposed that the central bank ease know-your-client protocols for mobile microtransactions in a bid to expand the mobile banking sector, FEB head and CIB Chairman Hisham Ezz El Arab said at the Cairo ICT Expo, Al Masry Al Youm reports. Microtransanctions through mobile networks need only be tied to […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6834 | Sell 17.7822 EGP / USD at CIB: Buy 17.69 | Sell 17.79 EGP / USD at NBE: Buy 17.66 | Sell 17.76 EGX30 (Tuesday): 14,461 (-0.8%) Turnover: EGP 1.2 bn (17% above the 90-day average) EGX 30 year-to-date: +17.1% THE MARKET ON TUESDAY: The EGX30 closed […]
Posted inCALENDAR
03-06 December (Sunday-Wednesday): The fourth e-payment and Innovative Financial Inclusion Expo & Forum (PAFIX), Egypt Expo Center, New Cairo. 03-06 December (Sunday-Wednesday): 21st Cairo ICT, Cairo International Convention Center, Nasr City, Cairo. 07-09 December (Thursday-Saturday): The Africa 2017 forum: “Business for Africa, Egypt and the World” Conference, Sharm El Sheikh. 19 December (Tuesday): Village Capital’s […]
Posted inWhat We're Tracking Today
What we’re tracking on 5 December 2017
It’s PMI day: The Emirates NBD / Markit purchasing managers’ index for Egypt, the UAE and Saudi Arabia will be out this morning at about 6:15am — or 10-15 minutes after we typically hit “send” on the day’s issue. Look for it here when it’s released. Also today: It’s the last day of Solar-Tec and […]
Posted inWhat We're Tracking Today
SODIC to connect 1,000 homes to fresh water in Ezzbet Khair Allah
When friends to good because they have themselves done well: Our friends at SODIC have signed a EGP 1 mn agreement with Greater Cairo Water Company to connect 1,000 underprivileged homes to the fresh water network in Ezzbet Khair Allah, the company said in a statement (pdf). The project, which is fully funded by SODIC, […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Business for Africa, Egypt and the Worldkicks in Sharm El Sheikh on Thursday; a veritable cast of thousands is expected to attend. The event, held under the auspices of the presidency, is part of Egypt’s drive to export to (and re-engage with) Africa. The third edition of the Cairo Art Fair kicks off on Friday, […]