Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The Public Transportation Authority in Alexandria launched a second tender for the Alexandria tram project after receiving only one bid in the first tender, Authority head Khaled Elewa tells Al Mal. The authority is looking to manufacture 30 trams and renovate 160 others at a cost of EGP 450 mn.
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Public Transport Authority to issue tender for 200 buses
The Public Transport Authority will issue a tender for 200 new buses as part of its plan to overhaul its fleet, Al Mal reports. MCV Mercedes-Benz and SMG Engineering Automotive are among the companies that will bid for the contract. SMG aims to bid for the full shipment and might be partnering up with a […]
Posted inBanking + Finance
NBE to sell stake in 11 companies for EGP 1.8-2 bn, land for EGP 4 bn
The National Bank of Egypt (NBE) is planning on selling stakes in 11 companies and is targeting receipts of EGP 1.8-2 bn from the transactions, according to the bank’s Head of Investments Ayman Yassin,Al Shorouk says. The bank is also looking to divest real estate holdings worth up to EGP 4 bn, he said.
Posted inOther Business News of Note
Kuwait Fund to provide Egypt with USD 320 mn in loans in 2017
The Kuwait Fund for Arab Economic Development (KFAED) is planning to provide Egypt with loans of around USD 320 mn throughout 2017, head of the fund Abdel Wahab Ahmed Badr tells Al Shorouk. According to Badr, Egypt’s share accounts for 32% of KFAED’s total planned loans for the world this year, and the fund will […]
Posted inEgypt Politics + Economics
EU extends freezing Mubarak assets for three additional years
The European Union approved yesterday a request from Egypt to extend a freeze the European assets of former President Hosni Mubarak and his sons Gamal and Alaa for an additional three years, Ahram Gate reports. Mubarak’s lawyer, Farid El Deeb, said he will not appeal the decision and that it does not prove Mubarak and […]
Posted inNational Security
Enthusiast website lists Egypt as 12th strongest military globally
Egypt ranks 12th overall on enthusiast website Global Firepower Index’s annual ranking of the world’s most powerful militaries, the best finish for a MENA player ahead of our eastern neighbor Israel, which ranks 16th. As usual, the index looks at raw numbers gathered from CIA.gov, Wikipedia and other publicly available data — and ignores training, […]
Posted inSports
Reem Moussa becomes first Egyptian female basketball player to win a European championship
Former Al Ahly player Reem Moussa became Egypt’s first female basketball player to win a European trophy. Her Czech team KP Brno won the Central Europe Women’s League last week. “I was really really happy when I heard the news, because I had no idea that I was making history, but it is still a […]
Posted inON YOUR WAY OUT
Careem thought of me as a liability when fundraising was done -Fakharany
Wael Fakharany, Careem Egypt’s former managing director and the company’s SVP for government relations, says “the manner, the method, and the motivations” of his sacking “are now the subject of a lawsuit being brought to bear against Careem.” A piece he posted to Medium has chapter and verse.
Posted inON YOUR WAY OUT
World Economic Forum looking for best 100 Arab startups
The World Economic Forum (WEF) is looking for the best 100 Arab startups toattend the WEF on the Middle East and North Africa which will be held in Jordan on 19-21 May, Tala El Issa writes for Wamda.Startups can apply here by 3 April.
Posted inON YOUR WAY OUT
Egyptian Competition Authority gives nod to German, Lithuanian assistance
The Egyptian Competition Authority (ECA) is holding a closing ceremony today for the two-year EU-funded project with Germany and Lithuania to help develop best standards and practices for the ECA, according to an e-mailed statement.