Latest in Tag: Hesham Tawfik Highlight
Latest in Tag: Hesham Tawfik
Public Enterprise Minister discusses EGP 1.7bn revitalisation of historic Continental Hotel
The target project consists of establishing a five-star 250 room business hotel, in addition to halls and restaurants, a health club (spa) and a gym, among other facilities
Three state-owned companies are ready for EGX stake offering
Egypt will offer 22% to 25% of the shares in HHD in 1Q 2020, says Hesham Tawfik
Egypt launched 1st of Gosoor project to promote foreign trade between Egypt and African countries
Project’s second phase to be completed in Q2 of 2020, says Egypt’s Minister of Public Enterprise Sector
HHD to offer 15% stake on EGX, 10% for strategic investor year-end: Tawfik
First cargo shipping from Sokhna Port to Uganda leaves on Tuesday
Potential Egypt-China EV factory to bring back El Nasr Automotive
The Ministry Public Enterprises Sector is trying to revive El Nasr Automotive and has recently cooperated with the Ministry of Trade and Industry to reach an agreement with an international company to bring back the state-owned automobile company.
Ministry of Public Enterprise Sector launches Gosour app to facilitate trade in Africa
Tawfik opened the ‘Gosour for International Trade in Eastern and Central Africa’ conference in the presence of Minister of Trade and Industry, Amr Nassar, and Chairperson of the Arab Organization for Industrialization, Abdel-Moneim Al-Tara.
Ministry of Public Enterprise Sector entices private sector with reduced sea freight prices for export to East Africa
Tawfik said that the ministry plans to launch an integrated and sophisticated chain of transport and logistics services to support the foreign trade system and provide bridges to Africa to boost bilateral trade.
Negotiations with Korean, Chinese companies to manufacture electric cars within El Nasr Automotive Factories: Hesham Tawfik
Nissan is negotiating with the ministry of trade and industry to establish a project in Ain Sokhna, says Tawfik
Public Enterprise Sector companies’ net profit up by 52% to EGP 11.3bn in FY 2017/18
Revenues grow by 20.8% to EGP 102.5bn, exports increase by 48% to EGP 16.5bn
Tawfik announces initial partnership deal between Nissan, El Nasr Automotive to produce 100,000 cars annually
Ministry owns 250 untapped land plots with area of 19m meters, to be sold to reinvest, pay debts, support public treasury
There will be no float of shares before mid-January 2019: Minister of Public Enterprise Sector
I have agreed with minister of planning to put some of ministry’s assets in Egypt’s sovereign wealth fund, through two sub-funds dedicated for hotel management, real estate development
EGP 86bn, investment portfolio of insurance companies in FY 2017/18, growth of 43%: Tawfik
Two companies to offer new insurance premiums against electronic piracy, says EFSA’s chairperson
Public enterprise sector minister reveals reform strategy focusing on largest loss-making companies
Agreement with Agriculture Ministry entails planting short-staple cotton to fulfil domestic market needs
No state-owned company to be sold whole: Hesham Tawfik
Emerging markets crises will not affect planned IPOs, state to keep 40% ownership