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The General Authority for Supply Commodities (GASC) issued a global tender yesterday for an unspecified amount of wheat with a delivery date of 21-31 August, Vice Chairman Ahmed Yousuf tells Reuters’ Arabic service.
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
Telecom Egypt, Orange sign 3 agreements for international telecom, transmission, and mobile termination services
Telecom Egypt (TE) and Orange Egypt have renewed yesterday their international telecom services agreement for another four years, TE said in a statement. The two companies also inked a new transmission services agreement for 3.5 years ending by December 2021. TE and Orange also signed a binding letter of agreement for mobile termination rates, setting […]
Posted inAutomotive + Transportation
Infinity Solar signs MoU with Wataneya Company for Roads to set up electric vehicle charging stations
Infinity Solar subsidiary Infinity-E has signed an MoU with Armed Forces-affiliated Wataneya Company for Roads to set up electric vehicle charging stations at Wataneya gas stations, according to Hany Zahran, founding partner of Zahran Law Office, which is Infinity’s legal advisor. The two sides are still in talks over the details of the cooperation, Zahran […]
Posted inAutomotive + Transportation
Uber Egypt to compensate drivers following new 12-hour work limit
Uber Egypt has decided to compensate its drivers for longer distances and wait times following growing complaints over the company’s new policy that limits their time driving for the company to 12 hours a day, Al Mal reports.
Posted inON YOUR WAY OUT
Egypt makes it on US News list of 25 most powerful countries
Egypt was ranked as among the 25 most powerful countries in the world, according to rankings published by US News and World Report. Egypt made it at number 25 on the power rank behind Singapore, Spain and Pakistan. The survey ranks the countries based on its economical influence, political influence, strong international alliances and strong […]
Posted inON YOUR WAY OUT
TechCrunch hosting Startup Battlefield in the Middle East
TechCrunch will be bringing its Startup Battlefield to the Middle East this year by holding the first competition for entrepreneurs based in the region, the magazine said in a press release. The event is scheduled to arrive in Cairo on 17 July to meet with early stage founders, investors, and angels working in the country.
Posted inON YOUR WAY OUT
Rare whale shark spotted off Hurghada coast
A rare whale shark, affectionately named “Bahloul” was spotted near the Red Sea Giftun Island yesterday, according to the director of the Red Sea Natural Reserves Ahmed Ghaleb, Egypt Independent reports. Bahloul was seen in Hurghada and Marsa Alam two days earlier, Ghaleb said, adding the whale shark likely came in from the Indian Ocean […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.83 | Sell 17.93 EGP / USD at CIB: Buy 17.85 | Sell 17.95 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 15,786 (-0.3%) Turnover: EGP 1.8 bn (80% above the 90-day average) EGX 30 year-to-date: +5.1% THE MARKET ON MONDAY: The EGX ended […]
Posted inCALENDAR
16 July (Monday): Cairo Court of Appeals to issue ruling on EGP 5.6 bn antitrust case against pharma companies including Ibnsina. 23 July (Monday): Revolution Day, national holiday. 26-28 July (Thursday-Saturday): Green Banking: The Road to Sustainable Development, Baron Palace, Sahl Hasheesh, Hurghada. 16 August (Thursday): CBE’s Monetary Policy Committee meeting. 21-25 August (Tuesday-Saturday): Eid […]
Posted inWhat We're Tracking Today
What we’re tracking on 9 July 2018
It’s a relatively quiet morning at home or abroad, ladies and gentlemen. You’d be forgiven for thinking we’re slipping into the dog days of summer, but it’s still a bit early: Local teams are still working on fall and winter IPOs despite headwinds sweeping global emerging markets, and the House of Representatives is due back […]