{"id":615129,"date":"2024-02-13T00:00:00","date_gmt":"2024-02-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/13\/qalaa-subsidiary-launches-tender-for-6-fuel-depots-plus-news-from-education-ministry-giza-systems-contact-pay\/"},"modified":"2024-02-13T00:00:00","modified_gmt":"2024-02-13T00:00:00","slug":"qalaa-subsidiary-launches-tender-for-6-fuel-depots-plus-news-from-education-ministry-giza-systems-contact-pay","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/13\/qalaa-subsidiary-launches-tender-for-6-fuel-depots-plus-news-from-education-ministry-giza-systems-contact-pay\/","title":{"rendered":"Qalaa subsidiary launches tender for 6 fuel depots. PLUS: News from Education Ministry, Giza Systems, Contact Pay"},"content":{"rendered":"<p class=\"tag-border-left\">ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Qalaa\u2019s <\/strong><strong>Wathba lau<\/strong><strong>nches tender for fuel depots: <\/strong>Wathba Petroleum \u2014 a company jointly owned by Qalaa Holdings and the National Service Projects Organization (NSPO) \u2014 has launched a tender for the construction of six fuel depots near Qalaa\u2019s flagship oil refinery, the Egyptian Refining Company (ERC), <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/2z46jyah\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported last week, citing a government official. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The project will allow Qalaa to increase its diesel production \u2014 boosting the Cairo Oil Refining Company\u2019s mazut production capacity, which ERC takes on as feedstock, allowing it to boost production as well. The construction of the fuel depots should be complete next year and is expected to cost around USD 60 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> ERC is planning to invest as much as USD 150 mn to ramp up production levels by 10% over the next three years, Qalaa Chairman Ahmed Heikal <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/599d74e2-3efc-4e72-b3ed-91f31948a2f5\" style=\"\" rel=\"noopener\">said<\/a> in November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Giza Systems, Nahdet Misr to support social startups:<\/strong> Giza Systems\u2019 corporate social responsibility arm <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/GizaSystemsFoundation\/\" style=\"\" rel=\"noopener\">Giza Systems Foundation<\/a> and Nahdet Misr\u2019s VC arm Edventures have teamed up to support social startups \u2014 offering them training programs and one-on-one mentoring sessions to to ensure they are prepared to secure funds, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/958.pdf\" style=\"\" rel=\"noopener\">joint statement (pdf)<\/a>. The training aims to provide startups with \u201cessential tools for investment readiness and investor matchmaking.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Contact Pay customers can now pay their installments via e-payments company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alahlymomkn.com\/\" style=\"\" rel=\"noopener\">Al Ahly Momkn<\/a><\/strong>\u2014 a subsidiary of the National Bank of Egypt\u2019s investment arm Al Ahly Capital Holding \u2014 under an agreement inked between the two sides, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/968.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Al Ahly Momken has over 90k points of sale across the country and over 5 mn users. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The project will allow Qalaa to increase its diesel production<\/p>\n","protected":false},"author":1,"featured_media":615130,"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":[1935,111,933,94,2391,72,183,932,613],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-615129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-ahly-capital-holding","tag-also-on-our-radar","tag-contact-financial","tag-edventures","tag-egyptian-refining-company","tag-enterpriseam","tag-fintech","tag-giza-systems","tag-qalaa-holdings","wpautop","entry"],"acf":{"mongo_id":"9c19537f-e5e9-4e0d-af59-6d419e8372e7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1047.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qalaa Holdings subsidiary launches tender for 6 fuel depots","related_issue":[615111],"teaser":"The project will allow Qalaa to increase its diesel production","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.e097a77b-eb97-4615-92ae-1e4367022e73.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Qalaa subsidiary launches tender for 6 fuel depots. 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The wider loss comes despite Qalaa\u2019s top line more than doubling to EGP 8.7 bn in 3Q2020, from\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572663,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/qalaa-holdings-reports-1q2020-results\/","url_meta":{"origin":615129,"position":1},"title":"Qalaa Holdings reports 1Q2020 results","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings\u2019 revenues soared 191% y-o-y in 1Q2020 to EGP 10.4 bn, the company said in its quarterly earnings release (pdf). The revenue growth came as Qalaa\u2019s flagship greenfield Egyptian Refining Company \u2014 which began operating at 100% capacity in 2019 \u2014 began booking sales revenue as an\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575088,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/qalaa-losses-deepen-in-2q2020-despite-strong-erc-revenues\/","url_meta":{"origin":615129,"position":2},"title":"Qalaa losses deepen in 2Q2020 despite strong ERC revenues","author":"enterpriseam admin","date":"1 October 2020","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings reported a net loss of EGP 712.1 mn in 2Q2020 compared to EGP 224.5 mn in the same period last year, according to the company's earnings release (pdf), on the back of low fuel prices and the covid-19 pandemic. The losses were driven primarily by the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594134,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/qalaa-holdings-to-ipo-taqa-arabia-arab-refining-company-next-year\/","url_meta":{"origin":615129,"position":3},"title":"Qalaa Holdings to IPO TAQA Arabia, Arab Refining Company next year","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"IPO WATCH- Qalaa Holdings to kick off four-year IPO program next year by listing shares of TAQA Arabia, ARC: Qalaa Holdings is planning to move ahead with the IPO of several of its subsidiaries next year, with IPO of TAQA Arabia scheduled to take place in 2Q 2020 and the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/EGX-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595499,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/earnings-watch-qalaa-holdings-revenues-rise-8-y-o-y-in-2q2019\/","url_meta":{"origin":615129,"position":4},"title":"Earnings watch: Qalaa Holdings revenues rise 8% y-o-y in 2Q2019","author":"enterpriseam admin","date":"29 September 2019","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings\u2019 revenues rose 8% y-o-y in 2Q2019 to EGP 3.5 bn \u201cdriven by solid top line performance at TAQA Arabia,\u201d the company\u2019s energy platform, Qalaa said in its earnings release (pdf). TAQA\u2019s revenues grew 33% y-o-y during the quarter. ERC set to come online in 4Q2019: The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595624,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/egyptian-refining-company-suez-cement-arabian-cement-sign-petroleum-coke-supply-agreements\/","url_meta":{"origin":615129,"position":5},"title":"Egyptian Refining Company, Suez Cement, Arabian Cement sign petroleum coke supply agreements","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"Qalaa\u2019s ERC signs pet coke supply agreements with Suez Cement, Arabian Cement: Qalaa Holdings\u2019 Egyptian Refining Company (ERC) has inked agreements with Suez Cement and Arabian Cement to supply 500k tonnes of petroleum coke each year. Arabian Cement has agreed (pdf) to purchase 300k tonnes a year while Suez Cement\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/14.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/615129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=615129"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/615129\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/615111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/615130"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=615129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=615129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=615129"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=615129"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=615129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}