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The Saudi German Hospitals Group (SGHG) is setting up an investment arm in Egypt, Al Borsa reports. The investment arm, which will fall under SGHG’s Topmed vehicle, is expected to be operational in two months. Topmed manages the group’s investments in Jeddah and Dubai. The hospital group plans to establish 12 hospitals in Egypt, a […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Court upholds 10-year prison sentence for former Agriculture Minister
Egypt’s Court of Cassation upheld a 10-year prison sentence against former Agriculture Minister Salah Helal and his office manager for corruption, rejecting Helal’s appeal against the April 2016 ruling, Al Masry Al Youm reports. Helal was slapped with a EGP 1 mn fine, while his deputy, Mohie Eddin Qadh, was fined EGP 500k. The former […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Egypt’s “popular diplomacy” teams aren’t fooling American scholars
Egypt’s reliance on “public diplomacy” teams as a PR tool to convince the US and itscitizens that President Abdel Fattah El Sisi is popular largely miss the mark and fail to alter Egypt’s image with American scholars in particular, Mohamed Nosseir writes for Al Arabiya. These scholars have a deep understanding of what’s really happening […]
Posted inOn Deadline
The need to reform Al Azhar’s religious education
The need to reform Al Azhar’s religious education is becoming more pressing than ever, Seliman Gouda writes in a column penned for AMAY. He argues that attempts to reform religious education — and by virtue of that religious discourse — in Egypt have always been met with resistance and were never persistent enough to show […]
Posted inDiplomacy + Foreign Trade
FM Shoukry visit to Khartoum postponed
The scheduled Egyptian-Sudanese joint political consultation meeting was postponed yesterday, Xinhua reports. Sources from both the Sudanese and Egyptian ministries say the delay was because of weather reasons. The news, however, follows Sudan issuing an entry visa requirement for Egyptian males aged 18-50. An Egyptian Foreign Affairs Ministry source called the timing of Sudan’s decision […]
Posted inEnergy
Lekela Power to sign USD 350 mn agreement for 250 MW wind farm in 2Q207
Lekela Power for New and Renewable Energy expects to sign with the Electricity Ministry a USD 350 mn agreement to establish a 250 MW wind farm in the Gulf of Suez in this quarter, Daily News Egypt reports. Lekela and the ministry had signed an MoU for the project two years ago. Private equity firm […]
Posted inEnergy
GEIDC looks to invest in Egyptian electricity and renewable energy projects
China’s Global Energy Interconnection Development Corporation is looking to invest in electricity and renewable energy projects in Egypt, Chairman Liu Zhenya told Electricity Minister Mohamed Shaker during a meeting in Cairo on Sunday,Al Borsa reports. Cairo has potential to become an interconnection hub under the company’s Global Energy Interconnection promotion scheme, Zhenya also said while […]
Posted inHealth + Education
Saudi Egyptian Industrial Investments Co acquires 38% stake in Farcomake for Advanced Medical Industries
The Saudi Egyptian Industrial Investments Company acquired a 38% stake in medical disposables company company Farcomake for Advanced Medical Industries for EGP 35 mn on Sunday, Al Borsa reports, citing a company statement. The transaction, which was managed by Sigma Capital, comes as part of Farcomake’s plan to raise capital needed to finance expansion plans. […]
Posted inReal Estate + Housing
Cairo governorate to stop issuing new building licenses in some Cairo neighborhoods for six months
The Cairo governorate administration will not be issuing new building licenses in a number of the capital’s major neighborhoods for the next six months, Governor Atef Abd El Hamid tells Al Borsa. The move, which will affect planned projects in Maadi, Heliopolis, Nasr City, Hadayek El Qobba, West Cairo, and Al Nozha, is meant to […]