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M&A WATCH- Fiber Misr acquires Equinox International: Egypt-based IT systems integrator Fiber Misr has acquired technology and infrastructure solutions provider Equinox International, Equinox said in a statement on Friday. The transaction, the value of which was not disclosed, will see Fiber Misr acquire Equinox’s regional business operations. “This acquisition will increase Fiber Misr’s clientele base […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Did EMG buy Al Hayat from Falcon Group’s Tawassol?
M&A WATCH- Did EMG buy Al Hayat TV from Falcon Group’s Tawassol? Egyptian Media Group (EMG) has acquired struggling television station Al Hayat, EMG announced on Thursday, Youm7 reports. The brief statement provides no detail on the transaction value. Al Hayat ran into financial trouble last year that saw Egyptian Media Production City cutting off […]
Posted inSpeed Round
President Abdel Fattah El Sisi orders implementation of Universal Healthcare Act’s phase one
LEGISLATION WATCH- The El Sisi administration has begun rolling out the first phase of the new Universal Healthcare Act, according to an Ittihadiya statement. The new system will be piloted first in Port Said with aims that include cutting wait times for treatment and testing some 45 mn citizens for hepatitis C over the course […]
Posted inSpeed Round
Ride-hailing Apps regs to be issued in September
LEGISLATION WATCH- The executive regulations of the Ride-Hailing Apps Act will be issued in September, government sources said on Saturday. The regulations will outline licensing requirements and fees for ride-hailing companies such as Uber and Careem. Under the act, which was signed into law last month, companies will be required to pay up to EGP […]
Posted inSpeed Round
Shafik Gabr involvement in US probe into Volkswagen emissions testing imbroglio
Shafik Gabr says he has nothing to do with a US probe into Volkswagen emissions testing imbroglio: Artoc Auto Shafik Gabr has “rejected the allegation that he was manipulating a US House panel’s inquiry” into Volkswagen over allegations the German auto company had cheated on emissions testing overseas, according to a statement by Artoc (pdf). […]
Posted inSpeed Round
French investigators say fire caused 2016 EgyptAir crash
EgyptAir MS804 flight crash caused by cockpit fire, say French investigators: The EgyptAir flight MS804, which crashed in 2016 on route from Paris to Cairo killing all 66 passengers, was likely caused by a fire in the cockpit, France’s Bureau of Investigations and Analysis agency (BEA) said in a press release on Friday. The plane’s […]
Posted inUncategorized
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Posted inImage of the Day
A World Cup trophy-shaped hookah brings together Egyptians’ two biggest passions
A World Cup trophy-shaped hookah brings together Egyptians’ two biggest passions: A World Cup trophy-shaped hookah has been a “big hit” around cafes in Egypt after the Pharaohs exited the championship during the group stages following a disappointing run, according to Reuters. “We were not able to win the real World Cup, so we just […]
Posted inEGYPT IN THE NEWS
It’s a thoroughly ‘meh’ morning for Egypt in the international press
It’s a thoroughly ‘meh’ morning for Egypt in the international press. Consider: A debate over free speech debate in which prosecutors are siding with the press and the Press Syndicate with the censors; A Lebanese tourist sentenced to eight years in jail for being mean to us all in a Facebook video; An appeals court […]
Posted inWorth watching
This Egyptian entrepreneur’s garbage-for-food barter system might be the best solution we’ve seen for our waste problem
Egyptian entrepreneur lauches garbage-for-food barter system: An Egyptian entrepreneur has launched Bekia, an online platform that allows people to exchange waste for food and other commodities, according to TRT World. Bekia accepts all forms of recyclable waste and gives users points that they can use to buy everything from food to refurbished electronics, co-founder Alaa […]