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The Administrative Capital for Urban Development Company will build the government block using Egyptian contractors after failing to reach an agreement with the China State Construction Engineering Corporation (CSCEC), Chairman Ayman Ismail tells Al Masry Al Youm.
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Public Transport Authority to issue tender for 286 buses in two months
The Public Transport Authority will issue a tender for 286 buses in two months’ time, Al Borsa reported.
Posted inBanking + Finance
CI Capital to take on NIB restructuring
Investment firm CI Capital will be taking on the restructuring of the National Investment Bank (NIB), Amwal Al Ghad claims, citing unnamed sources “close to the matter.”
Posted inBanking + Finance
Misr Italia looking to borrow EGP 712 mn
Real estate developer Misr Italia is looking to borrow EGP 712 mn to fund its Cairo Business Park project in the Fifth Settlement, Amwal Al Ghad reported, citing an unnamed source. The National Bank of Egypt and the Arab Investment Bank have agreed to contribute EGP 312 mn and EGP 100 mn, respectively, and negotiations […]
Posted inOther Business News of Note
Al Hayat establishes advertising agency
Al Hayat television network has established an advertising agency by the name Hayat Media Services (HMS) that becomes the exclusive advertising agent for the network, Al Mal reported. HMS will be chaired by Ihab Talaat, the company statement said.
Posted inEgypt Politics + Economics
Al Sadat threatens to take legal action against House, denies charges against him
MP Mohamed Anwar Al Sadat’s feud with fellow members of the House of Representatives continues as tells Al Mal that he will file a complaint with the Prosecutor General’s Office if the House Ethics Committee takes disciplinary action against him. Al Sadat has denied charges he leaked a draft of the NGO bill to foreign […]
Posted inNational Security
Military kills 14 militants in central Sinai
The Armed Forces killed 14 militants and arrested 10 in a raid in central Sinai, the Armed Forces spokesperson told Reuters. The five-day operation has destroyed three car bombs, 10 explosive devices, and seized communication devices, military clothing, and weapons, the spokesperson said.
Posted inON YOUR WAY OUT
Egypt inaugurates first African Cinema Club
Egypt has inaugurated the African Cinema Club at the Cairo Opera House’s Hanager Cinema as part of a bid to “deepen cultural and political ties” with African countries, Al-Monitor reports. Screenings are scheduled to take place on the first Saturday of every month.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.34 | Sell 18.48 EGP / USD at CIB: Buy 18.35 | Sell 18.50 EGP / USD at NBE: Buy 18.3 | Sell 18.35 EGX30 (Monday): 12,849.42 (-0.26%) Turnover: EGP 1.498 bn (252% above the 90-day average) EGX 30 year-to-date: +4.087% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
26 January - 10 February (Thursday-Friday): Cairo International Book Fair, Nasr City fairgrounds. 08 February (Wednesday): N Gage Debate on National Food Safety Authority, Four Seasons Hotel Nile Plaza, Cairo. 14-16 February 2017 (Tuesday-Thursday): Egypt Petroleum Show 2017 (EGYPS), CIEC, Cairo. 16 February (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 23 February (Thursday): […]