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Telecom Egypt (TE) announced renewing the long-term agreement with Vodafone Egypt to provide international call conveyance services. The agreement is valid from September and goes on until the end of 2022. “The agreement is expected to represent a total value for Telecom Egypt of approximately EGP 12 bn throughout the agreement term. The renewed agreement […]
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Hill to provide project management, technical assistance for Cairo Metro Line 3
The European Investment Bank (EIB) has appointed Hill International to provide project management services and technical assistance for the latest phase of the Cairo Metro Line 3 project, The Construction Index reports. The six-year contract has an estimated value of approximately USD 4.4 mn. Line 3 connects Attaba in east-central Cairo with Abbasia and Heliopolis […]
Posted inLegislation + Policy
Further amendments to the Bankruptcy Act signals delays in passing the law
The government appears to want to make amendments to the Bankruptcy Act “during the current House session,” officials from the Justice Ministry tell AMAY. The source did not state what these amendments would be. We anticipate that the move would further delay passing the long-awaited act — a key economic legislation could make it possible […]
Posted inEgypt Politics + Economics
GAFI plans to set up public freezones across the country
The General Authority for Freezones and Investment (GAFI) plans to set up a public freezone in every governorate in the country, an Investment Ministry statement said on Friday. The move is part of a strategy to use the zones as a way of improving the overall investment climate and boost exports, according to Minister Sahar […]
Posted inEgypt Politics + Economics
TV presenter receives three-year sentence for “inciting immorality” on air
TV presenter Doaa Salah was sentenced to three years in prison for “inciting immorality” on her show on An-Nahar network, the Associated Press reports. “Salah's comments were made in July, when she counselled women to enter bogus, for-cash marriages to get pregnant and then quickly divorce, or to seek artificial insemination using anonymous donors.” Salah […]
Posted inEgypt Politics + Economics
Morsi’s nephew receives final ruling on prison term
The Court of Cassation upheld a five-year sentence against Saeed Mohamed Morsi, nephew of ousted Ikhwani president Mohamed Morsi, on charges of committing acts of violence, according to Xinhua.
Posted inNational Security
Egypt and Greece conclude joint naval exercises
Egyptian and Greek naval forces concluded the joint “Medusa 5” exercises on Saturday, according to an official Armed Forces statement.
Posted inSports
Farida Osman named Best African Female Athlete
Swimmer Farida Osman was named Best African Female Athlete at the Association Of National Olympic Committees (ANOC) Awards 2017 in Prague on Thursday, according to the Egypt Independent. Osman was the first Egyptian to ever win a medal at the World Aquatics Championships back in July, breaking her own African record.
Posted inSports
Al Ahly loses Champions League Final
Al Ahly lost the second leg of their African Champions League Final to Wydad Casablanca last night, according to the BBC. With a 1-1 draw in the first leg at home Al Ahly was battling to score from the get go but their Moroccan rivals got the second half goal to go up 2-1 on […]
Posted inON YOUR WAY OUT
On this day: 05 November
ON THIS DAY- On this day in 1605, the failed assassination attempt against King James I of England and VI of Scotland by a group of provincial English Catholics, known as the Gunpowder Plot, took place. The day is now celebrated with fireworks as Guy Fawkes Day. The conflict of WWI widened on this day […]