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Orange Egypt is planning to file an appeal against a court ruling last week that overturned an earlier verdict compelling Etisalat Misr to pay EGP 500 mn in arbitration, due to a dispute between the MNOs over interconnection fees, Deputy CEO Ashraf Halim told Al Mal.
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
ENR taps Thales to install automated railway signaling system on Cairo-Alexandria rail line
Egypt National Railways (ENR) has awarded France's Thales a contract to supply an automated railway signaling system for the 48 km Cairo-Banha stretch of the Cairo-Alexandria rail line, Thales announced on Thursday. The new system will allow trains to travel at 160 km/hr, up from 120 km/hr currently, and is expected to double current traffic […]
Posted inAutomotive + Transportation
Khatib & Alami tapped as consultants for new capital monorail
The Transport and Housing ministries have selected architectural and engineering consulting firm Khatib & Alami to consult on the 35 km new capital-6 October City monorail project, an unidentified source tells Al Mal. The Lebanese firm will prepare the conditions booklet for the project and consult on the selection process for the winning company to […]
Posted inON YOUR WAY OUT
2018 African Mountain Bike Championship in Wadi Degla concludes today
The 2018 African Mountain Bike Championship wraps up today in Cairo. The two-day event brought 62 bikers from 16 African countries together at the Wadi Degla protectorate on the outskirts of Maadi, Ahram Gate reports. The Youth Ministry was a sponsor.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.65 | Sell 17.75 EGP / USD at CIB: Buy 17.63 | Sell 17.73 EGP / USD at NBE: Buy 17.57 | Sell 17.67 EGX30 (Thursday): 17,781 (+0.4%) Turnover: EGP 1.4 bn (22% BELOW / ABOVE the 90-day average) EGX 30 year-to-date: +18.4% THE MARKET ON THURSDAY: The […]
Posted inCALENDAR
20-27 April (Friday-Friday): Seventh edition of El Gouna International Squash Open, El Gouna. 23 April (Monday): Pride Capital’s “Financing Small Merchants” workshop, the Greek Campus, Cairo. 24-25 April (Tuesday-Wednesday): Renaissance Capital’s 3rd Annual Egypt Investor Conference, Cape Town, South Africa. 25 April (Wednesday): Sinai Liberation Day, national holiday. 30 April (Monday): EU foreign policy chief […]
Posted inWhat We're Tracking Today
What we’re tracking on 19 April 2018
Will Egypt need to revise its oil price estimates for FY2018-19? Saudi Arabia would be happy to push production down to see oil back at USD 100 per bbl, industry sources tell Reuters. Bloomberg had previously reported that Saudi is hoping to see oil prices reach USD 80 per bbl to finance its expansive reform […]
Posted inON THE HORIZON
On the horizon
The House Planning and Budgeting Committee will begin its discussion of the proposed FY2018-19 state budget on 5 May with sessions that include representatives from the ministries of finance, planning, education, health, and transport. The talks were meant to be held earlier but had been postponed due to the World Bank and IMF Spring Meetings, […]
Posted inEnterprise+: Last Night’s Talk Shows
Educational reform, Consumer Protection Act, Land reclamation
It was another night of miscellany on the airwaves, with topics ranging from educational reform, to the Consumer Protection Act, and the state’s land reclamation campaign. The executive regulations for the Consumer Protection Act will be issued in three months’ time, after President Abdel Fattah El Sisi ratifies the bill, Consumer Protection Authority boss Atef […]