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LEGISLATION WATCH- The Ismail Cabinet signed off on the Ride-hailing Apps Act and referred it the Council of State for review. The bill will regulate companies such as Uber and Careem and ostensibly aims to attract new investments to the ride-sharing and group transport industry. The law prohibits personal car users from extending ride-sharing services […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt bookings for summer 2018 “already very strong” -Thomas Cook
Bookings for Turkey and Egypt in summer 2018 are already very strong, travel firm Thomas Cook says, according to Reuters. The company reported an 8% y-o-y increase in full year earnings, helped by a turnaround of its German airline Condor and improved customer demand. CEO Peter Fankhauser says Thomas Cook is redirecting capacity that went […]
Posted inSpeed Round
Iflix appoints new MENA CEO
MOVES- Iflix appointed John Saad as CEO of Iflix Middle East and North Africa. Saad previously worked as chief consumer officer at Mobily in Saudi Arabia and before that held various roles at Vodafone, including consumer director at Vodafone Egypt and chief marketing officer at Vodafone Qatar.
Posted inSpeed Round
Interior Ministry allows Qataris entry visas into Egypt?
Interior Ministry allows Qataris entry visas into Egypt? The Interior Ministry issued a directive reversing an earlier ban on granting Qatari citizens entry visa, a decision published on the Official Gazette on Wednesday, Al Shorouk reports. This comes as the Arab Quartet has expanded their terror list to include two organizations and 11 individuals, according […]
Posted inSpeed Round
Emaar Development trades lower on its first day
Emaar Development’s first day of trading got off to a rocky start with shares trading sharply lower to start the session, according to The National. The stock closed the day down 4.3%, regaining some ground after diving 7% at the opening bell. Bloomberg reported last Saturday that the company had trouble completing the USD 1.3 […]
Posted inSpeed Round
Fed signalling interest rate rise imminent?
Many US Federal Reserve policymakers said expect that interest rates will have to be raised in the “near term,” according to the minutes of the Fed policy meeting released on Wednesday. Fed policymakers said they still needed to see more data before deciding the timing of a rate hike, with many pointing to the low […]
Posted inUncategorized
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Posted inImage of the Day
Roman shipwrecks found off Alexandria
Archaeologists have found three Roman era shipwrecks off the coast of Alexandria, according to the Associated Press. The discovery was made by the European Institute of Underwater Archaeology in collaboration with the Supreme Council of Antiquities. Archaeologists also found “a head sculpture carved in crystal and three gold coins dating back to Rome’s first emperor, […]
Posted inEGYPT IN THE NEWS
Israel appears to be the odd one out in the East Mediterranean energy talks
It’s a quiet morning for Egypt in the international press, with no one topic holding particular significance — a welcome change from the arrest of Egyptian artists being sued and arrested on moral grounds. The most interesting pieces if the morning: Israel appears to be the odd one out in the East Mediterranean energy talks: […]
Posted inEGYPT IN THE NEWS
Amendments to Egypt’s net-metering system are encouraging more businesses to consider PV installations
Amendments to Egypt’s net-metering scheme are encouraging more businesses to consider photovoltaic installations, says PV Magazine. The upgraded scheme sets the upper power generation limit for a PV installation to 20 MW from 500 KW. That coupled with the “the global price drop of the PV technology and the steady increasing of the retail electricity […]