Author Archives: enterpriseam admin

Did North Korea really hack OTMT? North Korea’s elite “Reaper” hacking unit has been expanding its attacks abroad over the past year, and one of its targets might have been Orascom Telecom Media and Technology Holding (OTMT), the Wall Street Journal (paywall) reports. Among the attacks that have attacked foreign companies was “a Middle Eastern […]

The Environment Ministry is preparing to launch Egypt’s first exchange for carbon credits, sources tell Al Mal for a story scant on actual fact and long on platitudes. The market for carbon credits may have softened globally, but this is worth watching, even if the proposed commodities and futures exchanges are significantly more promising.

The resumption of direct air travel between Cairo and Moscow has been pushed to April, unnamed Cairo Airport officials confirmed to the Associated Press yesterday “citing delays in booking procedures and the reopening of offices of the countries’ national airlines.” This comes as Russia’s Transport Ministry spokesman tells newswire TASS that “all the parties involved” […]

Keeping channels open with Egypt is in Rome’s interests, Italy’s intelligence agency said in its annual report yesterday, ANSA reports. Egypt is “central in the geopolitical and regional-security dynamics and is a necessary interlocutor for [Italy] … to foster cooperation in finding those who (tortured and murdered Italian student) Giulio Regeni,” the report says. Rome […]

WEEKLY CABINET ROUNDUP- The Ismail Cabinet approved yesterday a USD 5.83 mn grant from the Korea International Cooperation Agency to fund an Egyptian-Korean university in Beni Suef, according to an official statement. The ministers also signed off on a EUR 500k grant from the French Development Agency to provide technical assistance in developing public transport. […]

Uber has temporarily stopped operations in Morocco due to regulatory uncertainty, the company said in a statement. The company said operations would resume once appropriate legal measures were in place. Uber had been operating in Casablanca since 2015 but has legally been in the grey due to regulations that only recognize taxis operating under registered […]

Palestinian President Mahmoud Abbas agreed to resume peace talks with Israel yesterday, “calling for an international conference to be held by mid-2018 to kick-start the stalled peace process,” Reuters reports. Abbas remained steadfast in  his refusal for US mediation, which he had previously said would be “impossible” after Washington recognized Jerusalem as Israel’s capital. The […]