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The nation’s columnists are not at all happy with how the Uber/Careem vs. White taxis beef is playing out. It’s beyond comprehension how white taxis are coming out on top in the drama unfolding over the legal status of ride-hailing apps such as Uber and Careem, Abdel Nasser Salama writes for Al Masry Al Youm. […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Houthi missile kills one Egyptian and injures two others in Riyadh
An Egyptian becomes the first civilian casualty of a Houthi attack on Riyadh: The Foreign Ministry condemned yesterday a Houthi missile attack on Riyadh that killed an Egyptian resident of the city and injured two others on Sunday, according to a ministry statement. A spokesperson for the Saudi-led coalition had said that Saudi air defense […]
Posted inDiplomacy + Foreign Trade
Egypt’s trade relations with Turkey improve despite sour political ties
Trade relations with Turkey improved last year despite sour political ties, Menna A. Farouk writes for Al Monitor. Our exports to Ankara jumped 38.5% y-o-y in 2017, while our imports dropped 13.7% y-o-y.
Posted inDiplomacy + Foreign Trade
Israel issues travel warnings for various countries and areas including Egypt and the Sinai
Israel has issued a level-three travel warning for a number of countries yesterday, including Egypt, the UAE, Bahrain, Jordan, Kuwait, parts of Kenya, and Qatar. The warning “means that Israel intelligence has picked up a concrete threat to Jewish people or Israeli citizens in the country,” the Yeshiva World reports.
Posted inEnergy
Electricity Ministry halts talks with Vestas over high prices
Talks between the Electricity Ministry and Danish wind turbine manufacturer Vestas over 2.2 GW of wind power installations they plan to develop have reportedly faltered after the two sides failed to come to terms on the project’s feed-in tariff (FiT), ministry sources said yesterday. While they did not disclose Vestas’ offer, the sources indicated it […]
Posted inEnergy
Petrobel begins tests ahead of second production line from Zohr
Eni JV Belayim Petroleum Company (Petrobel) has begun carrying out tests ahead of operating the second production line connecting the Zohr offshore gas field, company President Atef Hassan said yesterday, Al Shorouk reports. Hassan did not announce when the company will begin operating the second line.
Posted inBasic Materials + Commodities
Centamin investors reject company’s new remuneration policy
Shareholders of Egypt-focused gold miner Centamin refused to back the company’s new remuneration policy during an AGM yesterday, the Financial Times reports. “A further rebuke came in the shape of significant minority votes of more than 20% against its pay report and the reappointment of three remuneration committee members; Edward Haslam, Mark Arnesen and Mark […]
Posted inBasic Materials + Commodities
ODE to launch Makadi Heights Red Sea project in April
Orascom Development Egypt (ODE) is planning to launch its new residential and commercial Red Sea Coast development Makadi Heights next month, CEO Khaled Bishara said yesterday, according to Al Mal. The resort is located 25 minutes away from Hurghada, and it offers transport services to the town, according to Bishara.
Posted inTourism
Hurghada among new destinations added to Luton Airport
UK-based travel firm TUI UK has added Hurghada to its 2019 holiday packages and will be introducing flights to the Red Sea Coast city from London Luton, according to Luton Today.
Posted inOther Business News of Note
Healthcare “hackathon” produces seven new health startups
Egypt’s first healthcare hackathon, hosted by healthcare tech hub Health 2.0 | Cairo, saw the creation of seven new healthcare startups, Egyptian Streets reports. Out of around 100 attendees, seven teams were able to create winning healthcare software projects during the 72-hour event. Hit the link for a rundown of the problems the startups are […]