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Property developer Better Home has broken ground on the Midtown Solo development in the new administrative capital, said the company’s GM Ashraf Adel, according to Al Borsa. The project will see the development of 283 villas and 30k sqm mall, he added.
Author Archives: enterpriseam admin
Posted inTourism
Rooster PR hired to launch promotion campaign on Hurghada to UK holidaymakers
The Tourism Ministry hired UK-based PR firm Rooster PR to run a tourism campaign for Hurghada targeting UK holidaymakers, according to a statement on PR Week. “Rooster’s role is to effectively communicate the reality of the situation on the ground from a tourism perspective. Egypt is vast, with a rich and varied tourism offering that […]
Posted inTourism
TPA begins disbursing charter flights incentive program payments
The Tourism Promotion Authority (TPA) has begun disbursing payments to foreign charter airlines under the incentives program, Al Borsa reports. The payments, which will cover the November 2015-October 2016 period, will be made in installments. Some 87 companies have submitted their paperwork for payments under the program which offers payouts and fee exemptions to flights […]
Posted inTourism
Emirates NBD to host Kluivert pyramids visit to promote Barca partnership
Emirates NBD Egypt is flying Dutch football star Patrick Kluivert to Egypt for a visit to the Giza Pyramids in a bid to promote tourism,Daily News Egypt reports. The trip comes under the bank’s partnership with Barcelona football club.
Posted inAutomotive + Transportation
Ferry between Ain Al Sokhna, Hurghada and Aqaba set to launch
DP World Sokhna is gearing up to launch a passenger ferry between Ain Sokhna, Hurghada, and Aqaba in the next few days, Hurghada Port boss Haitham Shalaby tells Al Borsa. The ferry will operate biweekly.
Posted inBanking + Finance
EDB says still in talks with Afreximbank over joint cooperation framework, no credit facility agreement signed
The Export Development Bank (EDB) is in talks with the African Export-Import Bank (Afreximbank) to establish a joint cooperation framework that would support Egyptian exporters looking to break into African markets, a bourse disclosure says (pdf). The release followed statements from EDB Chairman Mervat Sultan saying the bank was pending central bank approval on a […]
Posted inOther Business News of Note
Investment Ministry looks at opening textiles freezone in Minya
Investment Minister Sahar Nasr discussed possibly launching a 306 feddan freezone in Minya with a number of textiles manufacturers on Tuesday, according to a ministry statement. The ultimate goal would be to turn this prospective freezone into a textiles hub, Textile Export Council head Mohamed Kassem said. Talks are ongoing with potential Chinese investors interested […]
Posted inLegislation + Policy
House signs off on Youth and Sporting Authorities Law, refers basket of legislation to parliamentary committees for review
The House of Representatives approved yesterday the proposed Youth and Sporting Authorities Law, but postponed the final vote on the legislation due to lack of quorum, Al Ahram reports. The bill regulates sporting authorities and student organizations, and includes articles that ban the latter from engaging in politics. Speaker Ali Abdel Aal also referred yesterday […]
Posted inSports
CAF says Egypt has not formally announced its withdrawal from 2018 African Nations Championship
Egypt has yet to formally notify the Confederation of African Football (CAF) that it is withdrawing from the 2018 African Nations Championship, a CAF spokesperson tells BBC Sport. Egyptian Football Association Executive Director Tharwat Sweilam had announced earlier this week that “an official reply” had been sent to CAF notifying the organization that Egypt would […]
Posted inON YOUR WAY OUT
Hilton partners with Tagaddod
Hilton will be supplying renewable energy firm Tagaddod with cooking oil from 15 of itshotels in Egypt under a new agreement signed this week, Al Mal reports. The agreement will see Hilton supply the Flat6Labs-sponsored firm with 1,564 kgs of cooking oil a month that will then be converted into biofuel and sold to waste […]