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Tourism companies pushed hard for the government to attempt to regulate pricing on online booking companies, which they say have undercut them significantly, Al Shorouk reports. Companies made those calls at a meeting with Tourism Minister Rania Al Mashat on Sunday. The industry had been up in arms over the past month over what they […]
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
TE, Orange renew infrastructure agreement for three years
Telecom Egypt and Orange Egypt renewed an agreement yesterday that allows Orange to use TE’s network infrastructure for its mobile services for a three-year term, Al Shorouk reports. TE recently signed a similar agreement with Vodafone Egypt, allowing it to collect at least EGP 2.370 bn from Vodafone and offer new commercial and technical services […]
Posted inAutomotive + Transportation
Sherif Ismail discusses cooperation opportunities with Siemens’ Kaeser
Prime Minister Sherif Ismail met yesterday with Siemens CEO Joe Kaeser to discuss options for cooperation on railway projects in Egypt, including establishing high-speed trains connecting Cairo to Upper Egypt and the Red Sea, Al Mal reports. Ismail and Kaeser also discussed the possibility of Egypt purchasing new locomotives from Siemens to upgrade the country’s […]
Posted inBanking + Finance
Fawry planning to expand to GCC, African markets this year
E-payments platform Fawry is planning to expand its operations to GCC and African countries this year, Co-Founder and Managing Director Mohamed Okasha tells Reuters’ Arabic Service. The company is also eyeing a 50% increase in the sales and transactions it processes this year.
Posted inOther Business News of Note
Contract for Magic Land redevelopment to be signed ‘within days’
The contracts for the redevelopment and management of the Magic Land theme park will be signed “within days”, the Chairman of the Egyptian Media Production City Company (EMPC) Osama Heikal tells Ahram Gate. Heikal had said earlier this month that an unnamed Saudi company would redevelop the theme park, after an agreement with a Chinese […]
Posted inEgypt Politics + Economics
Cairo Criminal Court sentences four to death for forming terrorist cell
The Cairo Criminal Court sentenced four defendants to death yesterday for forming a terrorist cell “meant to target public figures, disturb public peace and assault public and private facilities,” Xinhua reports, citing MENA. The court also handed down 25-year and 15-year prison sentences to 12 and 14 members of the cell, respectively.
Posted inEgypt Politics + Economics
Bread and Liberty Party says founder Khaled Ali not guilty misconduct
The Bread and Liberty Party has exonerated in its internal investigation party founder and former presidential candidate, Khaled Ali, of [redacted] assault, according to a statement. An Egyptian woman had reportedly accused Ali of harassment in 2015, but a committee formed by the party cleared Ali of the charges. Ali announced his resignation from the […]
Posted inNational Security
Three army personnel killed in Sinai military campaign
One officer and two soldiers were killed in the military’s sweeping anti-terror offensive in North Sinai yesterday, the Armed Forces announced in a statement yesterday. Two other officers and one soldier were injured in the operation. This is the first time the military has reported its own casualties since the campaign started.
Posted inNational Security
Egypt, France launch ‘Cleopatra 2018’ naval exercise in Red Sea
Egypt and France will be conducting the Cleopatra 2018 joint naval exercise from 20-23 February, the Egyptian Armed Forces announced in a statement. The naval drill aims to boost security in the Red Sea and the Mediterranean, according to the statement.
Posted inON YOUR WAY OUT
Reham Saeed arrested over incitement for kidnapping children
Prosecutors ordered yesterday the arrest of shock-jock TV presenter Reham Saeed and her producer. The two will be detained for four days while investigators determine the verity of charges against them that they’ve staged a kidnapping, Al Masry Al Youm reports. Saeed had aired an episode claiming her crew managed to reunite two kidnapped children […]