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Somabay Sports Arena steps up as a leading sports destination by welcoming new partnership with S Tennis Academy and expanding its partnership with Oneflow to manage Football Courts and the Aquatics Center. With global training camps, elite facilities, and stunning surroundings, Somabay continues to shape the future of sports tourism on the Red Sea.
Author Archives: enterpriseam admin
Posted inEconomy
Remittances more than double y-o-y to record February high of USD 3 bn
February marks the 12th consecutive month to see an increase in remittances on a y-o-y basis
Posted inTax
Finance Ministry to bring in private firms to overhaul property tax valuations
The Finance Ministry will bring in up to four private-sector firms to start reassessing property units valuations across Egypt
Posted inA MESSAGE FROM SEKEM
Empowering Egypt: The Economy of Love and carbon finance
Last week, The Egyptian Biodynamic Association (EBDA) hosted a high level carbon credit event at Heliopolis University. The event was co-hosted by the SEKEM initiative and aimed at celebrating farmers that completed the Economy of Love (EoL) certification. It brought together government officials, regulators, and sustainability leaders, including Chairman of the Financial Regulatory Authority Dr. […]
Posted inEnergy
Egypt secures LNG regasification unit under 10-year contract signaling long-term reliance on natgas imports
The unit will replace the existing Hoegh Galleon, which was delivered by Höegh Evi last year
Posted inStartup watch
Nawy secures USD 52 mn in Series A round
The company also secured USD 23 mn in debt financing from Egyptian lenders
Posted inM&A WATCH
Egypt led the MENA M&A charts in 2024 in terms of volume
A total of 120 transactions were logged in 2024, up from 97 the year before
Posted inEARNINGS WATCH
CIB’s bottom line grew 39% in 1Q 2025
The bank’s top line climbed 24% y-o-y during the quarter.