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The Public Transport Authority signed a EGP 35 mn agreement with MAN-Kastour for 13 double-decker buses, authority chief Rizk Ali says, according to Al Borsa. The buses will be operational at the start of 2018 and serve as a replacement to the Heliopolis tram that was retired in 2014. Another tender will be issued soon […]
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
EgyptAir Holding profits expected to record EGP 2 bn in FY 2017-18
EgyptAir Holding is expecting to record EGP 2 bn in profits in FY 2017-18, Chairman and CEO Safwat Musallam told the press on Wednesday, according to Al Mal. The company has a busy pipeline of new investments and upgrades, which include maintenance for hangars and training rooms. EgyptAir will also be operating direct flights to […]
Posted inON YOUR WAY OUT
Egyptian startup uses cooking oil for biodiesel
Egyptian startup Green Pan is planning to expand its operations into Alexandria, according to Thomson Reuters’ MySalaam.com. Green Pan, which collects cooking oil from households and converts it to biodiesel, launched last year under the umbrella of renewable energy and waste management firm Tagaddod. “With a five-litre minimum order, along with an incentive scheme offering […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.8493 | Sell 17.9478 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.82 | Sell 17.92 EGX30 (Wednesday): 13,690 (0.0%) Turnover: EGP 917 mn (33% below the 90-day average) EGX 30 year-to-date: +10.9% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
13-15 July (Thursday-Saturday): AGRENA’s 19th Annual Poultry, Livestock, and Fish show, Cairo International Convention Center, Cairo. 15-19 July (Saturday-Wednesday): SSIGE’s GeoMEast 2017 International Congress and Exhibition, Sharm El Sheikh. 23 July (Sunday): Revolution Day, national holiday. 03-05 August (Thursday-Saturday): Watrex Expo Middle East, Cairo International Exhibition & Convention Center. 17 August (Thursday): Central Bank of […]
Posted inWhat We're Tracking Today
What we’re tracking on 12 July 2017
Could it be, will the laptop ban on Egypt be lifted today? US authorities have finally seen fit to remove the three-month old laptop ban on EgyptAir flights heading to the US, according to a statement by the company. The ban’s lifting will be effective today and will be provisional for a year or until […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
No investment road map out yet on the Investment and International Cooperation Ministry's website. We’ll check again later in the week.
Posted inON THE HORIZON
On the horizon
Investment Act’s exec regs on track for August delivery: The Sherif Ismail cabinet is on track with plans to issue the executive regulations to the Investment Act in August, Ismail said on Tuesday, according to Ahram Gate. The cabinet will be sending the regulations over to the Egyptian Council of State once it concludes its […]
Posted inEnterprise+: Last Night’s Talk Shows
Private sector wage raises, a new traffic law, and Qatar’s anti-terror agreement with the US
The airwaves offered us a random assortment of topics last night, between private sector wage raises, a new traffic law, and Qatar’s anti-terror agreement with the US. On Hona Al Asema, Lamees Al Hadidi spoke to Labor Minister Mohamed Saafan about the private sector raise agreement that he’ll be signing on Sunday with the Support […]