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The New Administrative Capital for Urban Development asked Egyptian and Arab firms interested in developing land in the New Administrative Capital to submit detailed technical and financial presentations for consideration before any allocations take place, company sources told Al Borsa. The company met with contractors over the past week and asked for the thorough plans […]
Author Archives: enterpriseam admin
Posted inTourism
468k Chinese tourists in the last four months
468k Chinese tourists made their way to Egypt from May till September, Hany Sharkawy, head of industry group the Egyptian Investment Group in China,told Al Shorouk. The group has a campaign to draw in 1 mn Chinese tourists which kicked off in May, said El Sharkawy.
Posted inAutomotive + Transportation
Toyota aims to sell 11,000 cars by end of 2017
Toyota Egypt aims to sell 11,000 vehicles by the end of 2017 as it sees the market recovering in the coming period, CEO Ahmed Monsef said yesterday, according to Al Mal. The company’s sales were down by 30% y-o-y in 2016, impacted — as with the rest of the auto market — by the EGP […]
Posted inAutomotive + Transportation
Public Enterprise Ministry receives offers from int’l firms to develop Zombie Auto
Metallurgical Industries Holding Company has received two offers from international firms to jointly develop the assembly and manufacture of Walking Dead Socialist Car Company (Al Nasr Automobiles), Public Enterprises Minister Ashraf El Sharkawy said, according to Ahram.
Posted inBanking + Finance
Military Production Ministry waives bank-issued LG requirement for affiliated companies
Companies affiliated with the Military Production Ministry will be providing letters of guarantee officiated by the state, rather than banks, for its projects, Minister Mohamed El Assar announced yesterday, Al Masry Al Youm reports. The decision to waive the bank-issued letter of guarantee came during a Supreme Industry Committee meeting headed by Prime Minister Sherif […]
Posted inEgypt Politics + Economics
Mohamed Elsewedy continues as Support Egypt leader following uncontested election
The Support Egypt Coalition — the largest political bloc in the House of Representatives — announced yesterday that Mohamed Elsewedy will remain in place as the party’s leader as his reelection bid was uncontested, Ahram Gate reports. The coalition announced nine members who also won uncontested seats in its political office, while the remaining seats […]
Posted inEgypt Politics + Economics
Campaign “demanding” El Sisi run for another term gains traction
Youth groups and MPs have allied and formed a campaign “demanding” President Abdel Fattah El Sisi run for another term, according to the Egypt Independent. Dubbed “Alashan Tabneeha” (To Build It), the campaign has taken to social media and digital platforms to highlight the challenges facing the country and why the President is the man […]
Posted inEgypt Politics + Economics
Qaradawi’s daughter and her husband take their case to the UN
Ola Al Qaradawi, daughter to Qatar based Muslim Brotherhood cleric Youssef Al Qaradawi, and her husband Hosam Khalaf have taken their case to the United Nations in Geneva, according to Reuters.
Posted inSports
Egyptian tennis player the sole African and Arab on ITF junior rankings
Egyptian tennis player Youssef Hossam is the only African and Arab on the world junior rankings, but is struggling to find a sponsor, according to an AFP piece. “The three-time African Junior Champion from 2014 to 2016 is currently 334th on the ATP rankings, but a promising 22nd in the world junior rankings. Yet the […]
Posted inON YOUR WAY OUT
Egyptian American law professor passes away
Respected Egyptian American law professor Cherif Bassiouni passed away on Monday at the age of 79, according to the Washington Post. The scholar was known for his human rights work on Yugoslavia as well as apartheid South Africa. Often called the “father of international criminal law,” his academic work helped create the International Criminal Court.