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Trade and Industry Minister Amr Nassar has said that it would currently be difficult to reduce gas prices for steel factories to USD 5 per million British thermal units (MMBtu) from USD 7, the domestic press reported. Nassar said the government is still studying the factories’ request for a price cut, but that it was […]
Author Archives: enterpriseam admin
Posted inHealth + Education
Egyptian universities drop in QS global rankings
Several Egyptian universities’ rankings dropped in the 2019 QS World University rankings with AUC coming in at 420, down from 395 in 2018. This decline came despite mentions in the 2018 rankings for featuring in the “top 200 for architecture/built environment, as well as the top 250 for modern languages and business and management studies, […]
Posted inTourism
Emirates to add four flights to Cairo route
Dubai-based air carrier Emirates will be adding four flights to Cairo per week as passenger demand grows for the route, the carrier said in a statement. The new flights, scheduled on Monday, Wednesday, Thursday, and Saturday, will bring the total number of Emirates-operated flights between Cairo and Dubai to 25 per week. Average occupancy on […]
Posted inAutomotive + Transportation
Egypt to build metro lines in Qalyubia, Dakahlia and Assiut
Egypt aims to set up metro lines in three governorates outside of Cairo to curb congestion and improve the country’s transportation system, Transport Minister Kamel El Wazir said, according to Al Ahram. Under the initiative, Qalyubia governorate is expected to have an 8.7 km metro extension completed over one year with a cost of nearly […]
Posted inAutomotive + Transportation
France’s Sestra prepares 3 proposals to set up high-speed tram lines in Mansoura
France’s Sestra has prepared three proposals to establish high-speed tram lines in Mansoura governorate, the domestic press reported. The first proposal includes building three lines consisting of 52 stations stretching at a total of 25 km, the second includes building 4 lines featuring 55 stations over 28.9 km and the third includes building 4 lines […]
Posted inBanking + Finance
Egypt’s banks to roll out Meeza debit cards in April to bank account holders
Local banks will begin rolling out state-backed “Meeza” debit cards in April to bank account holders, according to Al Mal. The Central Bank of Egypt (CBE) is currently in the final stages of licensing the banks, with a target to roll out 2 mn cards in the coming period. The CBE is also planning to […]
Posted inOther Business News of Note
Gov’t agrees to spend EGP 6 bn next year on export incentive program
The government has agreed to spend EGP 6 bn, up from EGP 4 bn previously, in the coming fiscal year to fund its new export incentive program, export councils told Masrawy. The program will be implemented for a year as a trial with periodic meetings between the prime minister and export councils to review progress […]
Posted inOther Business News of Note
Samih Sawiris awarded in Oman for tourism development
Orascom Development Holding Chairman Samih Sawiris has received an honorary award from Oman for his role over the past 10 years as chairman for Muriya, a Oman-based tourism development company, Al Mal reported. Sawiris was named “Best Foreign Investor” in Oman’s tourism industry at an awards ceremony.
Posted inEgypt Politics + Economics
Egypt to launch campaign to save water on World Water Day
Egypt will launch a campaign to raise awareness on rationalizing water consumption from 22 to 28 March across 24 villages and in collaboration with the irrigation, education, social solidarity ministries, among others, chairman of the Holding Company for Water and Wastewater Mamdouh Raslan said. Water companies across the country are taking part in the campaign, […]
Posted inMy Morning Routine
Sandra Farid, founding partner, Acumen Consulting
Sandra Farid, founding partner of Acumen Consulting: My Morning Routine looks each week at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. This week: Meet Sandra Farid, founding partner of Acumen Consulting, an SME-focused management consulting and economic advisory […]