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The Military Production Ministry will be managing and supervising the family subsidy smartcard system on behalf of the Supply Ministry under an MoU the two sides inked yesterday, Al Mal reports. The government had tapped the Military Production Ministry to help with the subsidy roll purge and manage the smartcard platform to increase efficiency, but […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Government buys 120k tonnes of Russian wheat
The General Authority for Supply Commodities (GASC) bought 120k tonnes of Russian wheat at USD 196.5 a tonne on Wednesday,according to Reuters. The tender was for shipment in the second half of December.
Posted inTourism
Ukrainian holiday bookings to Egypt continue to increase despite state of emergency
Ukrainian tourists’ holiday bookings to Egypt have continued to increase despite the state of emergency imposed in Egypt, which led the Ukrainian government to issue a travel warning. A Ukrainian tour operator tells Ukrinform that the agency has booked trips to Egypt for some 90,000 Ukrainians since the state of emergency was renewed in July, […]
Posted inAutomotive + Transportation
Careem introduces bike-hailing
Careem launched bike-hailing services to some of its busier and braver customers looking to speed through traffic,according to a company statement. The expansion into bikes, which the company says will help fight congestion, will be available in Cairo, Alexandria and Tanta in its initial phase. This comes as bus ride sharing service Swvl launched services […]
Posted inBanking + Finance
Al Ahly to convert 50% of their AMOC stake to GDRs
Al Ahly Capital is planning on converting 50% of their stake in Alexandria Mineral Oils Company (AMOC) into GDRs, according to Al Borsa. Al Ahly owns 25.3% of AMOC. Reports of the size of the stake Al Ahly are converting to GDRs have varied in the last few months. AMOC has already been in talks […]
Posted inOther Business News of Note
Gold’s to open eight branches next year
Gold’s Gym is planning on opening eight new branches next year at a cost of c. EGP 150 mn, according to Al Borsa. Half of the branches will be comprehensive gyms, costing EGP 30 mn each and the other half will be workout studios that cost EGP 6 mn each.
Posted inLegislation + Policy
El Garhy to attend House discussions over government service fee hike
Finance Minister Amr El Garhy is expected to attend the House’s Budget Committee's discussions on Monday of a bill that would hike government service fees, MP Yasser Omar tells Al Borsa. If passed, the bill will increase fees for a number of different services, including passport issuance, expat resident visas, and vehicle and gun registration, […]
Posted inLegislation + Policy
House Religious Affairs Committee discusses draft law to regulate religious discourse in the media
The House Religious Affairs Committee discussed yesterday a draft law could regulate how the press covers religious issues, Ahram Gate reports. Committee members said they will be looking to require Al Azhar, Dar Al-Ifta, the Endowments Ministry, and the Supreme Media Council to select individuals who are qualified to speak about religious issues. The committee […]
Posted inEgypt Politics + Economics
Court upholds Alaa Abdel Fattah’s prison sentence
The Court of Cassation upheld the five-year jail sentence against opposition activist Alaa Abdel Fattah, Reuters reports. “Abdel Fattah, who has already served more than three years in prison, was jailed for protesting without permission … Prosecutors said Abdel Fattah was guilty of organizing a protest in November 2013 because he had promoted it on […]
Posted inON YOUR WAY OUT
On this day: 09 November
ON THIS DAY- On this day in 1989 the Berlin Wall was opened by the East German government. “Ecstatic crowds immediately began to clamber on top of the Wall and hack large chunks out of the 28-mile (45-kilometre) barrier,” the BBC reported at the time. It was a darker time in Germany in 1938 as […]