Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The National Authority for Tunnels (NAT) awarded six consortiums contracts to design and supervise the EUR 360 mn El Raml tram renovation project in Alexandria, according to a list published by Al Borsa. The list is dominated by French and Spanish consortia. Qualified companies will now be required to present their technical and financial offers […]
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Transport Minister looks to the private sector to help it fund electric rail project
Transport Minister Hisham Arafat urged the Tenth of Ramadan Investors Association to participate in funding the electric railway project linking Salam City with the new administrative capital during a meeting with the association yesterday, Al Borsa reports. Reports had emerged last month that the Transport Ministry is struggling to arrange its USD 500 mn share […]
Posted inAutomotive + Transportation
Nissan tops passenger car sales for 7M2017
Nissan was the top selling passenger car brand in the country for the first seven months of the year posting a market share of 24%, according to an AMIC report picked up by Al Mal. Hyundai came in second with an 18.2% market share, followed by Toyota (8.7%).
Posted inBanking + Finance
Al Ahly converting 10% of its shares in AMOC shares to GDRs
Al Ahly Capital is actually intending on converting 10% of its shares in Alexandria Mineral Oils Company (AMOC) to Global Depository Receipts (GDR) by the end of 2017, a senior official from the company tells Al Shorouk. It had previously been reported that Al Ahly will convert 39.5% of their stake in AMOC (or 10% […]
Posted inOther Business News of Note
CAPMAS looking to use census results to release its own investment map
The Central Agency for Public Mobilization and Statistics (CAPMAS) is looking into using the results of its latest national census to create its own investment map that would be published on its website, CAPMAS head Abu Bakr El Gendy tells Al Borsa. El Gendy says that business figures have been increasingly reliant on CAPMAS to […]
Posted inON YOUR WAY OUT
Egypt submits “Sheikh Jackson” to Oscars’ best foreign-language film category
Amr Salama’s film, “Sheikh Jackson,” has been selected as Egypt’s nominee for the Oscars’ best foreign-language film, Hollywood Reporter says. The film, which stars the like of Ahmed El Feshawy and Maged El Kedwany, is centered around a “hardline Islamic cleric” with a secret passion for the King of Pop.
Posted inON YOUR WAY OUT
On this day: 12 September
ON THIS DAY- On this day in 1959, the Soviet Union launched Luna 2, the first man-made object to land on another celestial body, after it landed on the moon the next day. Luna 2 was the second spacecraft launched as part of the Luna program and carried “equipment to measure, among other things, the […]
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.63 | Sell 17.73 EGP / USD at CIB: Buy 17.6 | Sell 17.7 EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Monday): 13,533 (+0.6%) Turnover: EGP 1.1 bn (23% above the 90-day average) EGX 30 year-to-date: +9.6% THE MARKET ON MONDAY: The […]
Posted inCALENDAR
13 September (Wednesday): Pharos Holding’s Egypt Banking Day event. 13 September (Wednesday): EIB MED Conference: Boosting investments in the Mediterranean Region, Cairo. 13-15 September (Wednesday-Friday): 2017 Alliance for Financial Inclusion Global Policy Forum, International Congress Center, Sharm El Sheikh. 15-18 September (Friday-Monday): Sharm Travel Market, venue TBD, Sharm El Sheikh. 18-19 September (Monday-Tuesday): Euromoney Egypt […]
Posted inWhat We're Tracking Today
What we’re tracking on 11 September 2017
Is it too much to hope Inflation levels are cooling? The central bank announced that annual headline inflation in August dropped to 31.9% from 33.0% a month before, while core inflation dipped to 34.86% from 35.26% in July, leading analysts to think Egypt’s inflation has peaked. The elephant in the room, so far as we’re […]