Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The Japan Bank for International Cooperation is considering investing in new petrochemicals projects on the back of its successful contributions in key projects, including the Egyptian Refining Company’s refinery, said the head of the bank’s Europe and Middle East Division at a meeting with Oil Minister Tarek El Molla on Wednesday, AMAY reports.
Author Archives: enterpriseam admin
Posted inHealth + Education
Pharco Pharma to complete procedures to establish EGP 1 bn oncology medicine factory next week
Pharco Pharma will complete the procedures to establish its EGP 1 bn oncology medicine plant, next week, Al Borsa reports. The factory will be built at Vacsera’s industrial complex in 6th of October over 61k sqm and is expected to manufacture 93 different types of meds once it’s operational in two years’ time.
Posted inReal Estate + Housing
Stella Di Mare 2 sales reach EGP 1 bn
Sales of Stella Di Mare 2 homes have surpassed EGP 1 bn since the project was announced last year, Remco Tourism ’s vice chairman Onsi Youssef said, Al Mal reports. The project, which spans 2 mn sqm, is expected to cost EGP 3 bn, and sales are expected to reach a total of EGP 5 […]
Posted inTourism
Domestic tourism on top of ministry’s agenda
A promotion plan for domestic tourism will be ready within the next six months, Minister Yehia Rashed says, according to Al Shorouk. Growing domestic tourism is one of the main pillars of the Tourism Ministry’s action plan, Rashed said.
Posted inTelecoms + ICT
Prime Minister, CIT Minister meet with Vodafone Group CEO
Prime Minister Sherif Ismail and CIT Minister Yasser El Kady met with Vodafone Group’s CEO Vittorio Colao in Cairo yesterday to discuss the company’s activities in Egypt and opportunities for further investments, Al Masry Al Youm reports.
Posted inOther Business News of Note
Spinneys to invest EGP 400 mn, open eight new branches this year
Hypermarket chain Spinneys Egypt is planning to invest EGP 400 mn to open eight new retail locations this year, including one store in Sheikh Zayed that is set to open by the end of this week, Al Borsa reports. The company is also looking to open a total of 40 new branches over the coming […]
Posted inLegislation + Policy
Draft of the amendments to judicial codes “leaked”
Al Shorouk is running what it says is the draft of amendments to the judicial code that would allow the president to appoint the heads of the judiciary committees. According to the draft, the president’s choices are limited to the three most senior judges on each council. The proposal has caused significant controversy in the […]
Posted inLaw
Matouk Bassiouny advised on EGP 10 bn financial transactions in 2016
Law firm Matouk Bassiouny has advised on financial transactions worth EGP 10 bn in 2016, partner Hossam Gramon tells Al Borsa. The firm recently advised on an EGP 1.3 bn loan from the Arab African International bank to SODIC, the government’s Eurobond issuance, and the EGP 6 bn financing for mobile network operators to pay […]
Posted inEgypt Politics + Economics
Security forces kill St. Catherine gunman
South Sinai security forces killed yesterday the gunman behind the Tuesday attack on a checkpoint in St. Catherine that left one policeman dead and four others injured, according Interior Ministry statement. Meanwhile, a suspects allegedly involved in the Palm Sunday bombings has reportedly turned himself in to the authorities in Qena, Al Shorouk reports.
Posted inNational Security
Navy receives ThyssenKrupp Type 209/1400 submarine
The Egyptian Navy received a second Type 209/1400 submarine from ThyssenKrupp Marine Systems at the Ras El Tin naval base in Alexandria, Al Masry Al Youm reports. The submarine was unveiled at the base yesterday (watch, runtime 3:51). The first vessel was unveiled in Kiel, Germany last December as part of four-sub agreement.