{"id":579010,"date":"2023-01-22T04:15:13","date_gmt":"2023-01-22T04:15:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/forbes-international-tower-coming-to-a-new-administrative-capital-near-you\/"},"modified":"2023-01-22T04:15:13","modified_gmt":"2023-01-22T04:15:13","slug":"forbes-international-tower-coming-to-a-new-administrative-capital-near-you","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/forbes-international-tower-coming-to-a-new-administrative-capital-near-you\/","title":{"rendered":"Forbes International Tower: Coming to a new administrative capital near you"},"content":{"rendered":"

REAL ESTATE-<\/strong><\/p>\n

<\/a> Magnom + Forbes to build tower in new capital:<\/strong> Magnom Properties, a unit of Saudi Arabia\u2019s Rawabi Holding, signed a MoU with business magazine Forbes to build the zero-carbon Forbes International Tower in the new capital, Magnom said in a statement (pdf)<\/a>. The agreement was signed on the sidelines of the World Economic Forum in Davos last week.<\/p>\n

COMMODITIES-<\/strong><\/p>\n

Offers roll in for GASC\u2019s first corn tender:<\/strong> The lowest offer in our first international<\/a>corn<\/a>tender<\/a> was USD 336 per ton for 30k tons of Ukrainian corn on a cost and freight basis (C&F), traders said Thursday, Reuters<\/a> reports. Suppliers offering corn from Argentina, Brazil, Romania, and the US also bid in the tender, which sought offers on a C&F or cost, ins. and freight (CIF) basis. The shipment will be delivered between 10-25 February. The International Islamic Trade Finance Corporation will finance the purchase and the corn will be used for feed.<\/p>\n

CUSTOMS-<\/strong><\/p>\n

No more long trips on ACID: <\/strong>The Finance Ministry has decided to stop granting importers extensions on the validity of their ACID numbers<\/a>, a unique ID number that importers obtain through the digital Nafeza customs window at least 48 hours before their goods are shipped, according to Al Mal<\/a>. ACIDs are usually valid for a six-month period and are sometimes extended for an additional six months.<\/p>\n

DEBT-<\/strong><\/p>\n

NBE to finance Magic Land redevelopment:<\/strong> The National Bank of Egypt will finance two-thirds of Magic Land Al Hokair\u2019s EGP 1.1 bn redevelopment of Magic Land, it said in a statement (pdf)<\/a> last week. The state-owned bank agreed to lend the Al Hokair Group subsidiary EGP 723.5 mn over seven years for the project.<\/p>\n

LAW-<\/strong><\/p>\n

Lawyers strike in protest at colleagues' imprisonment: <\/strong>The Egyptian Bar Association announced<\/a> an indefinite strike starting last Thursday in protest at the imprisonment of six colleagues last week, the association said in a statement<\/a>. Last week, the Marsa Matrouh criminal court sentenced six lawyers to two years in prison after they clashed with court clerks, Masrawy<\/a> reported. The news got attention from AFP<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

REAL ESTATE- Magnom + Forbes to build tower in new capital: Magnom Properties, a unit of Saudi Arabia\u2019s Rawabi Holding, signed a MoU with business magazine Forbes to build the zero-carbon Forbes International Tower in the new capital, Magnom said in a statement (pdf). The agreement was signed on the sidelines of the World Economic […]<\/p>\n","protected":false},"author":1,"featured_media":579011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,317,309,7106,6540,72,2023,550,963,308,248,875,6541,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-commodities","tag-customs","tag-debt","tag-egyptian-bar-association","tag-enterpriseam","tag-forbes","tag-gasc","tag-law","tag-nafeza","tag-national-bank-of-egypt","tag-new-administrative-capital","tag-rawabi-holding","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"134bc861-b872-4c13-800a-e91f438c45b6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/368.jpg","photo_position":"above","related_issue":[578985],"teaser":"","voice_url":""},"yoast_head":"\nForbes International Tower: Coming to a new administrative capital near you - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/forbes-international-tower-coming-to-a-new-administrative-capital-near-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forbes International Tower: Coming to a new administrative capital near you\" \/>\n<meta property=\"og:description\" content=\"REAL ESTATE- Magnom + Forbes to build tower in new capital: Magnom Properties, a unit of Saudi Arabia\u2019s Rawabi Holding, signed a MoU with business magazine Forbes to build the zero-carbon Forbes International Tower in the new capital, Magnom said in a statement (pdf). 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