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EgyptAir will launch two weekly flights between Hong Kong and Cairo as of 17 September, the state news agency reports. Bangkok will likely serve as the transit station for the route.
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Cairo Metro travel card prices for cancer patients, unchanged for students
Transport Minister Hisham Arafat approved yesterday a decision to lower Cairo Metro travel card prices for cancer patients, according to a ministry statement. Arafat also confirmed in another statement that the government’s decision on Monday to halt discounts on metro ticket fares will not extend to students, and that the price of three-month student metro […]
Posted inBanking + Finance
Goldentex wool in talks for EUR 3 mn loan to upgrade production lines
Goldentex wool is in talks with several unnamed banks for a EUR 3 mn loan to finance upgrades on its existing production lines and purchase new lines as part of its three-year investment plans, CFO Ahmed Amer said. The company expects to finalize the negotiation before the end of September, according to Amer.
Posted inLegislation + Policy
GAFI outlines procedures for companies to fall under its purview from FRA
The General Authority for Freezones and Investment (GAFI) issued a directive outlining procedures for companies to fall under its jurisdiction from that of the the Financial Regulatory Authority’s (FRA), Al Mal reports. These procedures include obtaining approval from the company’s general assembly with FRA sign off, and an approval from GAFI. We noted last month […]
Posted inLegislation + Policy
E-payments act to grant incentives to those looking to pay for gov’t services electronically
The CBE-drafted e-payments act will grant incentives to those willing to pay for government service fees electronically, said CBE Sub-Governor for Payment Systems and Business Technology Ayman Hussein in an interview with Al Ahram, which lacked in details. These incentives will include discounts on fees, and even possible rebates. He noted that the Finance Ministry […]
Posted inEgypt Politics + Economics
New law sends confiscated Ikhwan assets to state treasury
The government committee tasked with managing the Ikhwan’s seized assets will be transferring confiscated funds to the state treasury under legislation issued earlier this year, according to Ahram Online. The decision applies to 1,589 Brotherhood members and supporters, 118 companies, 1,133 NGOs, 104 schools, 69 hospitals and 33 websites and satellite channels, the report said. […]
Posted inEgypt Politics + Economics
ICT, Immigration ministries sign agreement to facilitate remittances
The ICT and the Immigration ministries signed yesterday an agreement to facilitate inward bound remittances from expats, according to a cabinet statement. Under the new agreement, expats will be able to make cash transfers for families to pick them up in Egyptian post offices throughout all governorates. A text message with the location of the […]
Posted inSports
Egypt to face Swaziland on 12 October for AFCON qualifier game
Egypt’s national football team will take on Swaziland on 12 October for their second qualifier game for the 2019 Africa Cup of Nations, the Egyptian Football Association (EFA) said in a statement. The match will be played in Cairo’s Al Salam stadium, as the EFA hopes for a larger turnout, says Al Bawaba.
Posted inON YOUR WAY OUT
Yomeddine to represent Egypt in this year's Best Foreign Language Oscar race
Critically acclaimed Egyptian film Yomeddine was selected by Egypt as its submission to the 91st Academy Awards in the Foreign Language category, according to the movie’s twitter account. The movie was previously selected to compete for the Palme d'Or at the 2018 Cannes Film Festival where it had won the François Chalais Prize. You can […]
Posted inON YOUR WAY OUT
Farida Osman sets a new African record
Egyptian olympic swimmer Farida Osman set a new record in the 13th CANA African swimming championships, which kicked off on Monday in Algiers, according to Swimming World Magazine. Osman completed a 50m butterfly swim in 26.16 seconds. In other sports record news, Mohamed Salah also topped Forbes’ list of the “Top 10 Arab Football Players […]