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The Supreme Energy Council has approved a request from some Port Said factories to increase their natural gas supplies from the state, Al Shorouk reports.
Author Archives: enterpriseam admin
Posted inTourism
Admin Court to issue ruling today on Tourism Ministry’s SAR 2-3k umrah fee
The Administrative Court is expected to issue a verdict today on the Tourism Ministry’s recent decision to impose a fine of SAR 2-3k on travelers who have performed the umrah in recent years, according to Al Shorouk. Tour operators had threatened to take legal action against the decision, claiming it would harm demand. The ministry […]
Posted inAutomotive + Transportation
CDCM looking to replace Peugeot with a Chinese car
Cairo for Development and Cars Manufacturing (CDCM) is looking to replace the loss of Peugeot with a Chinese brand, an unnamed shareholder in parent company Arabia Investments, Development and Financial Investment Holding Company told Al Mal on Sunday. The company is mulling between Bisu Auto or GAC Motors as their next international brand, the source […]
Posted inBanking + Finance
CBE allows leasing firms to act as guarantors for loans under SMEs initiative
The CBE has reportedly approved having leasing companies act as guarantors for the loans SMEs take out under the central bank’s EGP 200 bn SME lending initiative, unidentified sources tell Al Mal.
Posted inOther Business News of Note
El Nasr Transformers & Electrical Products EGM agrees to delist
El Nasr Transformers & Electrical Products has decided to delist from the EGX, the company said in a statement to the EGX (pdf).
Posted inEgypt Politics + Economics
Aboul Fotouh remanded for another 15 days
The State Security Prosecutor decided yesterday to continue holding former Islamist presidential candidate Abdel Moneim Aboul Fotouh for another 15 days, pending further investigation into charges of contacts with the Ikhwan and spreading false news, according to AMAY.
Posted inEgypt Politics + Economics
Government approves licenses for 53 churches nationwide
The Ismail Cabinet signed off yesterday on a decision allowing 53 unlicensed churches to legalize their status within a four-month window, according to a statement carried by Ahram Online.
Posted inEgypt Politics + Economics
53 local NGOs, 15 int’l bodies to monitor presidential election
The National Elections Commission (NEC) has cleared 53 local NGOs and 15 international organizations to observe and monitor the upcoming presidential election, Spokesperson Mahmoud Lasheen tells Egypt Today. The list include the African Union, Arab League, Arab Parliament, and COMESA.
Posted inNational Security
Army chief urges Sisi to extend Operation Sinai beyond February deadline
Egypt's military Chief of Staff Mohamed Farid has urged President Abdel Fattah El Sisi to extend Operation Sinai 2018 beyond its initial three-month time-frame to allow the Armed Forces more time to clear the area completely from terrorist threats, Ahram Online reports.
Posted inON YOUR WAY OUT
Danny Glover tours Aswan as film festival concludes
American actor and director Danny Glover visited Aswan’s Philae Temple and the Magdy Yacoub Foundation as the Aswan International Women Film Festival (AIWFF) concluded, Egypt Today reports. The Hollywood star received an honorary award at the festival, which ran from 20-26 February. Ahram Gate has an exclusive interview.