Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Star Alliance members EgyptAir and Germany’s Lufthansa have expanded their codeshare agreement “to provide more air miles to their customers in both Egypt and Europe,” EgyptAir Holding Company chairman Ahmed Adel said, according to Al Shorouk. Codesharing agreements involve an airline allowing the purchase of flight seats on flights operated by the code-sharing partner, and […]
Author Archives: enterpriseam admin
Posted inTourism
Tourism Ministry organizes a conference for bloggers
The Tourism Ministry is organizing a conference to bring international bloggers and influencers to Egypt in a bid to promote tourism, according to Al Shorouk. Minister Rania Al Mashat said that Egypt is looking for ways to create new and distinctive content that isn’t broadcast through the usual channels.
Posted inTourism
HOTAC looking at four tender offers for Shepheard Hotel development
The Holding Company for Tourism and Hotels (HOTAC) is studying four tender offers from companies hoping to renovate and manage the Shepheard Hotel, Chairman Mervat Hataba said, according to Masrawy. The company will officially begin its evaluation in the presence of the investors today, Hataba said, adding that the offers came from two Kuwaiti investors, […]
Posted inAutomotive + Transportation
Egypt in talks with Bombardier for locomotive supply
The National Railway Authority is negotiating with Canada’s Bombardier to manufacture and supply 177 locomotives, the Transport Ministry said in a statement. The negotiation also includes rehabilitating 37 Henschel and 40 Edtrans locomotives in the existing railway fleet. Reports emerged earlier this month that the authority is set to issue a tender for 100 locomotives […]
Posted inAutomotive + Transportation
Egypt to receive 32 cars for third metro line
The National Tunnel Authority will receive 32 new air-conditioned metro cars worth from Hyundai Rotem for Cairo Metro Line 3, according to Egypt Today. NAT will receive the metro cars in batches from June to the end of 2020. Hyundai Rotem landed the EUR 350 mn contract to supply the 32 metro cars in July […]
Posted inBanking + Finance
Fitch affirms credit ratings of Credit Agricole, National Bank of Egypt
Fitch Ratings has affirmed the long-term issuer default rating for Credit Agricole Egypt (CAE) at 'AA+’ with a ‘stable outlook,’ the agency said in a press release. The agency has also affirmed its rating for the National Bank of Egypt (NBE) at 'B+' with a stable outlook. “The ratings of CAE, [the latter], reflect potential […]
Posted inBanking + Finance
Egypt moves closer to setting up risk assurance company to protect Africa exporters
A proposal to set up a risk assurance company to protect exporters doing business in Africa has been completed and will be presented to the central bank’s board of directors in the coming days, CBE African affairs advisor Naglaa El Nozahie told the local press. The CBE will be the main shareholder in the company, […]
Posted inOther Business News of Note
Egypt aims to open three tax and customs centers before end of year
Egypt is planning to open three tax and customs centers before the tax payment deadline in January, Finance Minister Mohamed Maait said in a statement. The centers will be opened in Alexandria, Ismailia and Damietta, and will simplify tax payment procedures, Maait said.
Posted inNational Security
Terrorist ambush kills eight in North Sinai
Seven soldiers and a civilian were killed in an attack claimed by Islamic State in North Sinai on Friday, Reuters reports. Two other soldiers were also injured in the attack, security sources said. Separately, the Cairo Criminal Court has sought the legal opinion of the Grand Mufti over whether the state could execute seven defendants […]
Posted inSports
Egypt’s ballots for Salah were invalid -Fifa
The Egyptian Football Association’s (EFA) votes for Mohamed Salah were not counted during the Fifa Best Player 2019 rankings because the signatures on Egypt’s ballots were in capital letters and not signed by the EFA’s general secretary, according to Associated Press. The ballots were therefore deemed unvalid, Fifa said. It was revealed last week that […]