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The Suez Canal Authority, DP World, and the Holding Company for Maritime and Land Transport signed yesterday an MoU to form a consortium and compete in the tender for the 6 October dry port, according to an SCZone statement. The bidding window for the port had been expected to close on 7 April, after the […]
Author Archives: enterpriseam admin
Posted inReal Estate + Housing
PHD launches phase one of West Cairo joint project with NUCA
Palm Hills Developments (PHD) launched this week phase one of its 3,000-feddan West Cairo megaproject Badya, set to be established in partnership with the New Urban Communities Authority (NUCA), according to CEO Yassin Mansour. The company will break ground on the 6 October City residential project in 1Q2019, with initial development expected to rake in […]
Posted inTourism
El Sisi meets with UNWTO secretary general to talk tourism recovery
President Abdel Fattah El Sisi met yesterday with UNWTO Secretary General Zurab Pololikashvili to discuss Egypt’s tourism recovery and ways to improve the sector ahead of a UNWTO conference in Sharm El Sheikh, which gets underway in Sharm El Sheikh today, according to an Ittihadiya statement. El Sisi said that reviving tourism was an essential […]
Posted inTelecoms + ICT
MNOs to begin selling phone lines through distributors under new franchise system
Mobile network operators will begin allowing distributors to sell new phone lines under a new franchising system as of next month or by 3Q2018 at the latest, sources said yesterday. The new system will allow each MNO to have between 100 and 200 licensed distributors in its first phase, and will not impose a cap […]
Posted inBanking + Finance
Banque Misr taps international bank to manage USD 500 mn loan
Banque Misr has hired an international bank to manage a USD 500 mn loan it’s looking to secure from international lenders by 3Q2018, Chairman Mohamed El Etreby tells Bloomberg, without disclosing the name of the bank. The loan would be directed towards Banque Misr’s planned expansions, according to El Etreby. The bank had announced its […]
Posted inEgypt Politics + Economics
Finance Ministry establishes specialized real estate tax dispute resolution committees
Finance Minister Amr El Garhy issued yesterday a decision establishing six new specialized committees for real estate tax dispute resolution, according to a ministry statement. The decree also establishes new specialized committees to deal with stamp tax disputes.
Posted inSports
Football Association agrees to remove Salah ads after image rights dispute
The Egyptian Football Association (EFA) has finally agreed to remove Mohamed Salah’s unauthorized ad for state-owned mobile network WE, FA President Hany Abu Rida announced, according to Youm7. “Salah’s image will be removed from the national team’s private plane and we will do the same regarding his image in TV ads and street banners. All […]
Posted inON YOUR WAY OUT
Expect less colorful language and topics this Ramadan
Expect less colorful language, ads and topics this Ramadan: The Supreme Media Council will impose an EGP 250k fine on any Ramadan TV show that includes “obscene language,” Chairman Makram Mohamed Ahmed announced yesterday, Al Shorouk reports. The fine is part of a new set of regulations imposed by the council in a crackdown on […]
Posted inON YOUR WAY OUT
France awards Egyptian Maestro Hisham Gabr “Ordre des Arts et des Lettres”
The French government has awarded Egyptian Maestro Hisham Gabr its Order of Arts and Letters, a French knighthood distinction that recognizes significant contributions to the arts or literature, Ahram Gate reports. The composer and conductor, who headed the Bibliotheca Alexandrina Arts Centre until 2017, received the honor yesterday in a ceremony at the French embassy […]
Posted inON YOUR WAY OUT
Egyptologists may finally be able to text using 2,000 Egyptian Hieroglyphs
Emoji like an Egyptian: You may soon be able to use 2,000 new Hieroglyphs to send messages on cell phones, computers, and other digital devices, according to Hyperallergic.