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Heliopolis is piloting a project to buy garbage from residents starting next week, Heliopolis district head Ibrahim Saber told Al Shorouk. There will be two collection centres in Heliopolis where people will be able to sell their garbage. It is not yet clear how and where will the district process the garbage, how much it […]
Author Archives: enterpriseam admin
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 16.3347 | Sell 16.4403 EGP / USD at CIB: Buy 16.35 | Sell 16.45 EGP / USD at NBE: Buy 16.26 | Sell 16.36 EGX30 (Sunday): 12,500 (+1.5%) Turnover: EGP 750.1 mn (83% above the 90-day average) EGX 30 year-to-date: +1.3% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
06-08 March (Monday-Tuesday): EFG Hermes One on One Conference, Atlantis, The Palm, Dubai. 15 March (Wednesday): Arab Women Organization’s event: Investing in refugee women, UN General Assembly Building, New York City. 18-19 March (Saturday-Sunday): Delegation of Japanese food industries companies visits Egypt. 29-30 March (Wednesday-Thursday): Cityscape Egypt Conference, Nile Ritz-Carlton, Cairo. 29-31 March (Wednesday-Friday): Balanced […]
Posted inWhat We're Tracking Today
What we’re tracking on 05 March 2017
Hosni is out: Former President Hosni Mubarak’s was practically acquitted of charges of involvement in the killing of protesters during the 2011 uprising, after the Court of Cassation rejected an appeal by prosecutors on Thursday, allowing an acquittal verdict from 2014 to stand. The judge also rejected a civil petition for compensation from families of […]
Posted inON THE HORIZON
On the horizon
Finance Minister Amr El Garhy has postponed his Tuesday budget discussion at the House of Representatives to mid-March as he will be out of Egypt, Al Borsa reports without detailing where El Garhy is traveling. The Finance Ministry is expected to deliver a draft of the FY2017-18 budget to the House by the end of […]
Posted inEnterprise+: Last Night’s Talk Shows
Nasr in Cyprus, Valentina Matviyenko in Cairo
All's quiet on the airwaves front apparently, with the topic discussions of the day centering around Investment and International Cooperation Minister Sahar Nasr’s visit to Cyprus and Russian Federation Council Chairwoman Valentina Matviyenko trip to Egypt. On the latter, Al Hayah Al Youm’s Lobna El Assal spoke with Egypt’s Ambassador to Moscow Mohamed El Badry […]
Posted inSpeed Round
Five questions for Osama Bishai: The Orascom Construction boss on what you do after you inaugurate the world's two largest power plants.
The first phase of the Burullus (pictured above) and New Cairo power stations were inaugurated on Thursday by President Abdel Fattah El Sisi and German Chancellor Angela Merkel. Once complete, the power stations will be the largest gas-fired combined cycle power plants in the world, Orascom Construction says. “Orascom and its consortium partner, Siemens, already […]
Posted inSpeed Round
Electricity Ministry signs EUR 238 mn agreement with Siemens for six power transmission stations, nine-year maintenance contract for the new plants
The Electricity Ministry signed a EUR 238 mn agreement with Siemens to build six power transmission stations to help transport power generated from the new plants, which are expected to save Egypt an annual USD 1.3 bn in fuel costs, Minister Mohamed Shaker said on Thursday. Siemens will design, build, and operate the project, as […]
Posted inSpeed Round
EFSA greenlights CI Capital sale
The Egyptian Financial Supervisory Authority (EFSA) has given the green light to the sale of CI Capital to a consortium of investors, according to a disclosure from CIB. CIB says EFSA said it had no objection to a number of investors with whom the bank had inked sale and purchase agreements (SPAs) in December. CIB […]