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Railway ticket prices will rise before the week is out, not at the end of June as was previously announced, Transport Minister Hisham Arafat told Al Shorouk. The Transport Ministry has approved the pricing scheme the Egyptian National Railways prepared earlier this month, according to Arafat and the only steps left to take are for […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Presidential elections continue to be the most popular topic of discussion
The presidential elections continued to be the most popular topic of discussion on the airwaves last night. Hona Al Asema’s Lamees Al Hadidi spoke to presidential candidate Moussa Mostafa Moussa, who told the host that he had actually decided to run a while back, but reconsidered his decision when former Prime Minister Ahmed Shafik was […]
Posted inSpeed Round
It’s a two-horse race as Al Ghad Party leader, until recently a public backer of El Sisi, throws his hat into the ring.
We officially have a two-horse race for the presidency: Al Ghad Party head Moussa Mostafa Moussa submitted yesterday his papers to enter the presidential race as the sole competitor to President Abdel Fattah El Sisi, Ahram Gate reports. Although his name had only surfaced on Sunday as a potential contender, Moussa apparently collected 47,000 citizen […]
Posted inSpeed Round
Supply Ministry forgets it doesn’t run the USSR, says Thursday will see snap inspections of retailers to make sure they’re displaying prices on their wares
Supply Ministry to launch opening salvo in price-printing directive: The Supply Ministry will launch a “sweeping inspection campaign” this Thursday to monitor whether retailers are complying with a requirement that they printing prices on their wares, sources from the ministry tell Al Shorouk. Retailers who have not yet complied with the regulations could be fined […]
Posted inSpeed Round
ECA warns of predatory pricing practices in tourism industry
ECA warns of predatory pricing practices in tourism industry: The Egyptian Competition Authority (ECA) has found evidence of predatory pricing in the tourism industry, outgoing ECA boss Mona El Garf said in a statement on Monday (sorry folks, no link: the page in question is down at dispatch time). These practices include setting prices for […]
Posted inSpeed Round
Must Egypt and Russia sign aviation security agreement before restoring flights?
Must Egypt and Russia sign aviation security agreement before restoring flights? An aviation security agreement between Russia and Egypt has been prepared, and Moscow expects Cairo to sign it, Russian Deputy Prime Minister Arkady Dvorkovich told TASS. "Initially, we said that there should be a security agreement," he said. "It has been prepared. I believe […]
Posted inSpeed Round
Madar to invest EGP 10 bn in tourism project in Matrouh
INVESTMENT WATCH- Tourism investment company Madar will invest in a EGP 10 bn tourism development in Matrouh, according to a statement from the Investment Ministry. Company Chairman Mohamed Beshtah signed for a 2.1 mn sqm plot of land for the project on Monday, with development set to begin in six months time. The project, which […]
Posted inSpeed Round
Egypt can export as much as 20 bn cubic meters of gas to Europe in a few years
Egypt can export as much as 20 bn cubic meters of gas a year to Europe in a few years: Egypt could be shipping as much as 20 bn cubic metres of gas annually to Europe in a few years, said Eni CEO Claudio Descalzi, according to Reuters. He also said Eni wanted to expand […]
Posted inSpeed Round
EGAS to buy five LNG shipments for 2Q2018 through direct order
EGAS to buy five LNG shipments for 2Q2018 through direct order: EGAS is planning to import five LNG shipments for 2Q2018, traders tell Reuters Arabic. These shipments will not come through a tender as is the norm, but a direct order, the traders added. It is not yet clear whether this will be the final […]
Posted inSpeed Round
IMF not worries about impact of higher oil prices on Egypt’s fiscal reforms
The IMF isn’t overly concerned about the impact of higher oil prices on Egypt’s fiscal reforms, according to IMF's Middle East & Central Asia Department Director Jihad Azour. In an interview with Al Shorouk on the sidelines of the IMF’s economic conference in Morocco, Azour said fiscal imbalances which could arise from higher oil prices […]