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Ukraine shipments of wheat to Egypt have reached a high in April, with the country exporting 553K tonnes of wheat to us in April alone. This constituted 46% of total wheat exports by the Ukraine for that month and the largest volume since October 2013, reports UkrAgroConsult.
Author Archives: enterpriseam admin
Posted inManufacturing
Gov’t launching venture capital fund to restart operations at idle factories
The government launched a venture capital outfit that will be focused on providing funding to struggling factories to get them to return to operations, Trade and Industry Minister Tarek Kabil said, according to Al Masry Al Youm. The outfit will have a capital of EGP 150 mn and is funded by the Industrial Modernization Center, […]
Posted inManufacturing
KIMA pays back EGP 300 mn to Italy’s Tecnimont
The Egyptian Chemical Industries company (KIMA) paid EGP 300 mn of its outstanding arrears to Italy’s Tecnimont rehabilitating KIMA’s factories, Al Borsa reports. KIMA paid back a total of EGP 2.6 bn, said director of investor relations Maher Al Abd. Another payment of EGP 200 mn is expected to be made by end of FY16-17.
Posted inHealth + Education
Education Ministry to tender 51 pieces of land for 200 schools PPP project in mid-June
The Education Ministry will issue a tender in mid-June for 51 plots of land that will be used to establish 200 new schools under public-private partnership framework in 18 governorates, Al Borsa reports. The Ministry will meet next month with representatives from the 43 companies interested in the project before beginning the tender process.
Posted inTourism
Air route linking China’s Xi’an with Aswan
Egyptian charter airline Air Leisure is starting a new direct route between Xi'an, capital of northwest China's Shaanxi Province, and Aswan, Xinhua reports. The first direct flight between the two cities is set to take off on 13 July and will be on an Airbus A330-200 aircraft. Xinhua says the route connects “Xi'an, the starting […]
Posted inTourism
TDA launches tourism promotion campaigns in Italy, Arab countries
The Tourism Development Authority (TDA) launched yesterday a 3-week tourism promotion campaign in Italy, TDA head Hisham El Demery announced, according to Al Shorouk. El Demery said Italian tourism increased 60% year-on-year during the first four months of 2017, and there are positive indicators these numbers will continue to rise during the summer season, according […]
Posted inEgypt Politics + Economics
Cairo court postpones first session in lawyer Khaled Ali’s trial to 3 July
A Cairo court adjourned the first session of lawyer Khaled Ali’s trial to 3 July, Ahram Online reports. Ali is accused of offending public decency after a “photograph in which he appears to make an obscene hand gesture on the steps of a Cairo court house” was published, according to Reuters. Ali was arrested last […]
Posted inSports
Ahly crowned Egyptian Premier League champions
“Ahly have been crowned 2016/2017 Egyptian League champions with four matches to spare after playing out a 2-2 draw with rivals and second-placed Maqassa at Suez's Army Stadium on Monday,” Ahram Online reports. King Fut has the rundown on the match.
Posted inON YOUR WAY OUT
Widebot revolutionizing the restaurant business
Egyptian bot builder platform Widebot is focusing on the restaurant business and targets Arabic language users, writes Radwa Rashad for Wamda. Its Menu Maker platform makes ordering easier and allows restaurants to cut customer service positions and phone line costs, says CEO Mohamed Nabil. The startup will focus next on e-commerce by offering users links […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0312 | Sell 18.1341 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Monday): 13,207 (0.0%) Turnover: EGP 863 mn (39% below the 90-day average) EGX 30 year-to-date: +6.9% THE MARKET ON MONDAY: The EGX30 ended […]