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France’s Schneider Electric is currently building 65 electric vehicle charging stations in cooperation with Revolta Egypt, Al Mal reports. The company is also working on projects in the new administrative capital and other new cities under construction in Egypt.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Internet toxicity got you down? Halal browser SalamWeb is here to help.
Internet toxicity got you down? Halal browser SalamWeb is here to help. A Malaysian startup promising to deliver a “Muslim-friendly” web experience wants “to make the internet a better place,” Bloomberg says. SalamWeb hopes to capture 10% of the global Muslim population of 1.8 bn as users — although managing director Hasni Zarina stresses that […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.58 | Sell 17.68 EGP / USD at CIB: Buy 17.57 | Sell 17.67 EGP / USD at NBE: Buy 17.58 | Sell 17.68 EGX30 (Monday): 13,911 (+0.7%) Turnover: EGP 1.2 bn (49% above the 90-day average) EGX 30 year-to-date: +6.7% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
28-29 January (Wednesday-Thursday): Banking Technology North Africa, Nile Ritz Carlton Hotel, Cairo, Egypt. 03 February (Sunday): Cairo court to hear lawsuit against Peugeot Citroen. 05 February (Tuesday): Egypt’s Emirates NBD PMI for January released. 07 February (Thursday): Egypt Building Materials Summit, Venue TBD, Cairo, Egypt 11-13 February (Monday-Wednesday): Egypt Petroleum Show, Egyptian International Exhibition Center, […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 January 2019
Two questions are preoccupying us this morning as we settle into the week: How much are we going to have to pay under the 0.25% levy on revenue the government is imposing on the private sector to fund a new national healthcare system? Is Uber being blocked in Egypt? We look at both questions in […]
Posted inEnterprise+: Last Night’s Talk Shows
Macron’s visit dominated the airwaves last night
French President Emmanuel Macron’s visit to Egypt dominated the airwaves last night.Macron kicked off his trip with a visit to Aswan’s Abu Simbel temple with his wife, which El Hekaya’s Amr Adib said is a positive step towards promoting Egypt’s tourism industry (watch, runtime: 07:11). The French president is expected to meet with President Abdel […]
Posted inSpeed Round
Fine print on 0.25% healthcare tax — who pays what
EXCLUSIVE- Reading the fine print on 0.25% healthcare tax — who pays what: With the tax season fast approaching, the Finance Ministry has outlined the fine print on the 0.25% healthcare tithe it will collect this year to fund the new national healthcare system under the Universal Healthcare Act. (And yes, the tithe is 0.25%, […]
Posted inSpeed Round
Something is happening with Uber in Egypt
EXCLUSIVE- What’s going on with Uber? Multiple people we have surveyed since Sunday morning have reported that Uber, the global ride-hailing app, has been unusable in the Greater Cairo Area in recent days. One user was unable to sign into a previously functional account, while most of those complaining have reported extended periods in which […]
Posted inSpeed Round
Veon might be taking Global Telecom private
M&A WATCH- Veon might be taking EGX-listed Global Telecom private: Global Telecom Holding’s (GTH) majority shareholder Veon is considering taking GTH private, the company said in a bourse filing (pdf). GTH’s board has postponed a general assembly originally called to discuss an EGP 11.2 bn rights issue to take time to consider the new developments, […]