No subsidies for electric car charging stations? The Electricity Ministry will not subsidize electricity sold to recharge electric vehicles, Electricity Minister Mohamed Shaker is quoted as saying by the domestic press. To do so would only inflate the nation’s subsidy bill. The remarks come amid increasing industry interest in electric vehicles. The Trade Ministry’s Egyptian […]
Author Archives: enterpriseam admin
Consumer Protection Act regs to be issued next week
LEGISLATION WATCH- Expect executive regs for Consumer Protection Act next week: The executive regulations for the Consumer Protection Act will be issued next week, Consumer Protection Agency (CPA) head Rady Abdel Moaty said. The law gives the CPA authority to impose price controls, censor advertisements and regulate the e-commerce, automotive and real estate markets. Don’t […]
FinMin to draft new amendments to PPP law
LEGISLATION WATCH- FinMin looks to speed-up tenders for PPP projects: The Finance Ministry is preparing amendments that will cut the time to issue tenders for public-private partnership (PPP) projects and introduce new mechanisms for private sector contracting, minister Mohamed Maait said, according to Youm7. The amendments would allow private sector bidders to submit unsolicited proposals […]
Madbouly appoints Ahmed El Sheikh as EGX deputy chief
MOVES- Prime Minister Moustafa Madbouly has appointed Ahmed El Sheikh as deputy chairman of the EGX, according to a Cabinet statement. El Sheikh, who has held several positions in the EGX since 1993, will hold the new position for four years.
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Italy to investigate five Egyptian security forces members suspect for Regeni kidnapping
Italy places five Egyptian security forces members under investigation for kidnapping Regeni: Italy’s prosecution to investigate five members of Egypt’s National Security Agency for their suspected involvement in the disappearance of Italian PhD student Giulio Regeni, Reuters reports. The suspects are not being looked at for Regeni’s murder, however; Italy has yet to accuse anybody […]
Greek Defense Minister: Egypt and Greece are “an axis of stability”
Egypt’s “leading role in the Arab world” is “something very important for Greece,” Greek Defense Minister Panos Kammenos said on Tuesday, according to Greek Reporter. Kammenos referred to Cairo and Athens as “an axis of stability” in the southeastern Mediterranean, and said the two countries are cooperating closely to safeguard the region’s stability. Other news […]
EDEX 2018, El Sisi’s meetings with foreign defense officials top headlines in Egypt’s newspapers
It’s another day of EDEX 2018 leading the conversation in Egypt’s three main state-owned newspapers. Al Ahram, Al Akhbar, and Al Gomhuria all focus largely on the defense expo and President Abdel Fattah El Sisi’s meetings with various officials who are in town for the event.
Cairo retains its spot as the 50th most visited city in 2018
Cairo retained its spot as the 50th most-visited city worldwide in 2018, according to a report by Euromonitor International . International arrivals to Egypt’s capital city rose to 4.9 mn in 2018 from 3 mn in 2016. Hong Kong topped the chart, followed by Bangkok, London, Singapore and Macau while Dubai came in 7th place, […]
El Sisi meets with top U.S. Intelligence Official
El Sisi meets defense, business officials at EDEX 2018: President Abdel Fattah El Sisi discussed national security and military cooperation with US Director of National Intelligence Daniel Coats and Sudanese Defense Minister Awad bin Ouf on the sidelines of EDEX 2018, Ittihadiya said yesterday. El Sisi also met with Dassault Aviation CEO Eric Trappier to […]