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The number of mobile subscribers in Egypt rose in March for the first time after months of experiencing a sustained downward trend, according to a CIT Ministry report (pdf). The figure climbed to 93.42 mn users, up 0.42% m-o-m from 93.04 in February. In y-o-y terms, however, subscribers fell by 5.76% from 99.13 in March […]
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Egypt to hold int’l tender to upgrade Giza-Beni Suef railway line by September
Egypt is planning to issue an international tender for companies to upgrade the Giza-Beni Suef railway line in the next two months, a railway authority official told Al Shorouk. French company Alstom was invited to bid for the tender last year but was recently rejected for being overpriced.
Posted inBanking + Finance
HC Securities eyes adding futures and derivatives trading services to its portfolio
HC Securities is looking at potentially adding new services and financial instruments to its portfolio, including futures and derivatives trading, Managing Director Shawkat El Maraghy said, according to Al Mal. The brokerage recently also received license approval from the Financial Regulatory Authority to become a short seller.
Posted inSports
Egypt lands bronze at U21 handball world cup
The Egyptian national U21 handball team brought home a bronze medal at the Men's Junior World Handball Championship Spain, after beating Portugal yesterday to secure the third spot, reports Ahram Online. The Pharaohs delivered impressive displays throughout the championship, securing five back-to-back victories against Australia, Nigeria, Sweden, South Korea, and France in the group stage.
Posted inON YOUR WAY OUT
NASA didn’t see this asteroid coming
If you don’t think you have a lot to be grateful for this morning, be thankful an asteroid didn’t hit us: A massive asteroid — which, had it struck Earth would’ve been 30 times worse than the Hiroshima atomic blast — missed us last Thursday, Vox reported. NASA apparently only saw this one coming just […]
Posted inON YOUR WAY OUT
Egypt’s VRapeutic wins first prize at SingularityU MENA 2019 competition
Egypt-based startup VRapeutic has landed in first place at the SingularityU GIC MENA 2019, Al Mal reported. The startup, which develops therapeutic solutions with a special focus on learning disabilities, was awarded a USD 60k scholarship to take part in the Global Startup Program at Singularity University. Proteinea, an Egyptian startup that provides food security […]
Posted inCALENDAR
July: The National Railway Authority will launch a tender for the purchase of 100 new locomotives expected to be financed through an agreement with the European Bank for Reconstruction and Development (EBRD). 28 July-02 August (Sunday-Friday): Fab15 Conference and Graduation Ceremony, TU Berlin, El Gouna, Egypt. 29 July (Monday): An administrative court will look into […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 July 2019
Good morning, everyone, and welcome to an unusually quiet Sunday morning. We’re not entirely sure if we should chalk that up to half the country bridging the 23 July vacation for a mega-long-weekend or if it’s just a regular summertime fluke. In all cases, we’re not ones to complain. Defense Minister Mohamed Zaky is in […]
Posted inEnterprise+: Last Night’s Talk Shows
Mixed bag of nuts on Egypt’s airwaves: Housing, Suez Canal, exports and EGP
It was a mixed bag of nuts on last night’s talk shows, which covered everything from record-high Suez Canal revenues to social housing projects and export growth. SCZone revenues reach record high: Al Hayah Al Youm’s Lobna Assal was happy to report that the Suez Canal Economic Zone achieved record revenues for the second consecutive […]