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Bookings to Egypt and long-haul destinations have increased Thomas Cook’s revenues by 5% to GBP 3.2 bn in the six-month period ending March 2018, according to tourism portal FVW. The holiday bookings giant also saw a 13% rise in bookings for this summer (as of 5 May) due to strong demand for Egypt, Turkey and […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Abraaj founder being asked to take a few steps back?
Abraaj founder being asked to take a few steps back? Abraaj investors are asking founder Arif Naqvi to “scale back his involvement” in the private equity firm “amid a row over misuse of funds,” sources close to the matter tell Reuters. Some investors reportedly refuse to have Naqvi involved at all in running the business. […]
Posted inSpeed Round
Carbon Holdings to sponsor junior squash player Rowan Elaraby
Our friends at Carbon Holdings have added 17-year-old Alexandria squash phenom Rowan Elaraby to their sports sponsorship program after she secured her biggest win yet in the Irish Squash Open this year, ranking 31 globally. “Our investors and business partners know that national development is at the heart of what Carbon Holdings is all about […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inImage of the Day
Mo Salah’s Boots join British Museum’s ancient Egyptian display
A pair of Mo Salah’s boots have been added to Ancient Egyptian artifacts on display at the British Museum, the Guardian reports. The boots were donated by Adidas after Salah won the Golden Boot award for being named the Premier League’s Player of the Season last week. “The boots tell a story of a modern […]
Posted inEGYPT IN THE NEWS
Sisi ordering Gaza border opened for Ramadan tops int’l coverage of Egypt
President Abdel Fattah El Sisi’s decision to open the Rafah border crossing with Gaza for Ramadan topped international coverage of Egypt over the weekend. The humanitarian move is meant to "alleviate the burdens on the brothers in the Gaza Strip,” El Sisi tweeted on Thursday. If implemented, the gateway with Gaza would be open for […]
Posted inWorth watching
High King of Wakanda? Or was it Zamunda?
High King of Wakanda? Or was it Zamunda? Someone got their fictional African countries mixed up in this hilarious mashup of Eddie Murphy’s classic Coming to America and Black Panther. The trailer sees Prince Akeem of Zamunda step in the shoes of Wakandan ruler T’Challa, merging the honorable goal of saving one’s people with the […]
Posted inDiplomacy + Foreign Trade
Agriculture Ministry imposes new regulations on Egyptian grape exports
The Agriculture Ministry has imposed new regulations on exports of Egyptian grapes, including requiring exporters to receive quality certificates from ministry-approved packaging facilities, according to ministry sources. The new regulations also require exporters to include codes for the farm of origin and sorting station when presenting the paperwork for pre-shipment inspections, as well as listing […]
Posted inEnergy
Schlumberger to complete Gulf of Suez seismic studies before end of 2018
Oilfield services company Schlumberger is set to complete seismic studies in the Gulf of Suez before the end of this year, a source tells Youm 7. Norway’s TGS also expects to deliver final data in December this year after completing a 10,000-km 2D seismic survey along Egypt’s Red Sea border with Saudi Arabia. Schlumberger and […]
Posted inEnergy
KarmSolar signs PPA with private companies for 70 MW solar power plants
KarmSolar has signed 25-year power purchase agreements (PPA) with private companies, factories, and hotels in Minya and Marsa Alam. The company will supplying the power from the USD 80 mn worth of solar power plants it is constructing with a combined capacity of 70 MW, CEO Ahmed Zahran said.