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Egypt is still the top destination for MENA travelers in 2Q2018, according to online travel marketplace Wego’s MENA Traveller Destination Leaderboard. “Egypt maintains its position as the undisputed #1 most popular destination of 2Q, thanks to the continued patronage of both leisure and business travellers from the region.” India is in second place, followed by […]
Author Archives: enterpriseam admin
Posted inTourism
Ptolemaic cemetery unearthed in Alexandria
Archaeologists unearthed yesterday a cemetery in Alexandria that dates back to Ptolemaic Egypt, according to an Antiquities Ministry statement. A number of clay and glass pots and ornamented lamps were also found in the cemetery.
Posted inTelecoms + ICT
Government will allow collection of remittances through post offices by 2019
The government is planning to allow the collection of foreign remittances through postal offices by early 2019, ICT Minister Amr Talaat tells Al Shorouk. The decision will pave the way for Egypt Post to also begin disbursing remittances on banks’ behalf.
Posted inBanking + Finance
NBE seeks to be liable for USD 1 bn by end of FY2018-19
The National Bank of Egypt (NBE) is in talks with international banks and financing institutions to borrow up to 1 USD bn by the end of this fiscal year, Deputy Chairman Yehia Aboul Fotouh told the local press. Last July, the bank signed a EUR 375 mn financing agreement with the European Investment Bank to […]
Posted inBanking + Finance
NBE to start handling electronic transactions for 16 universities
The National Bank of Egypt signed agreements with 16 unnamed Egyptian universities to provide them with a range of e-payment services, including prepaid debit cards for students, reports Al Masry Al Youm.
Posted inOther Business News of Note
Investors in tech zones could receive tax breaks of up to 50%
Investors in new Egyptian tech zones could get tax breaks of up to 50% for a period of three years under an incentive scheme that should come into effect soon, Communications and Information Technology Minister Amr Talaat said yesterday, Al Mal reports. The ministry will begin promoting available opportunities in different tech zones, he added […]
Posted inLegislation + Policy
Environment Ministry sues farmers over burning rice residues
The Environment Ministry is reportedly suing farmers who continue to burn rice residues in aims to curb air pollution, Egyptian Environmental Affairs CEO Mohamed Saleh said, according to Egypt Today.
Posted inNational Security
Daesh claims weekend Sinai attacks
Daesh claimed responsibility yesterday for the weekend attack on a police checkpoint in North Sinai that killed four policemen and four militants, the terrorist group’s news outlet Amaq said, according to Reuters.
Posted inSports
Egypt, Nigeria vie for ITTF World Team Cup spot
Egypt’s Mohamed El-Beialy will spearhead the country’s campaign for the 2018 International Table Tennis Federation’s (ITTF) African Cup, which takes places from 3-9 September in Mauritius, according to All Africa. The first game will be played against Nigeria. El Beialy will also be aiming to lead his country against Nigeria in the men’s team event, […]
Posted inSports
Trezeguet in talks with La Liga giants Sevilla
Egyptian winger Mahmoud “Trezeguet” Hassan is reportedly in talks to join Spanish football team Sevilla before the end of the transfer window for the 2018-19 season, according to French magazine Futbolistos. Trezeguet is also being chased by France’s Olympique de Marseille and Bundesliga outfit Stuttgart. Trezeguet was set to join Czech football club SK Slavia […]