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Tourism Minister Yehia Rashed is heading to Rimini Fiera in Italy on Wednesday to attend the TTG Incontri exhibition, which will run from 12-14 October, according to Al Mal. The minister will hold meetings with tour companies and news agencies.
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
Phone scratch card shortage following NTRA decision to raise prices 36%
If you’ve been feeling like you cannot get a scratch card anymore from your local kushk, it’s because there’s been a shortage on the cards since the National Telecommunications Regulatory Authority (NTRA) announced it would raise their prices by 36%. Mobile network operators have apparently been withholding new shipments of phone cards in order to […]
Posted inAutomotive + Transportation
Nissan looks to sell 20k units by the end of April
Nissan is aiming to sell 20k cars by the end of April, head of sales and marketing Ahmed El Ghani told Al Mal. His statements come on the back of increasing demand for the Sunny and Sentra models as well as the introduction of a new model of the Qashqai. Auto sales have seen a […]
Posted inBanking + Finance
FEB looks to settle around 800 tax disputes filed by 25 member banks
The Federation of Egyptian Banks (FEB) is apparently looking to settle around 800 tax disputes filed by 25 of its member banks, including CIB, the National Bank of Egypt, and Banque Misr. An agreement is expected to be signed with the Tax Authority sometime this week to settle the cases after negotiations led to a […]
Posted inBanking + Finance
26 foreign exchange companies resume operations
26 foreign exchange companies have resumed operations after seeing through the suspension imposed on them during the currency crisis,Foreign Exchange Bureaux Division former headAli Al Hariri tells Al Mal. Al Hariri added that all 90 suspended exchange houses are now back in business, with the last of them coming online last week.
Posted inOther Business News of Note
Social Solidarity Ministry signs on 180k new families to the Takaful, Karama programs
The Social Solidarity Ministry included 180k new families to the roster of Takaful and Karama beneficiaries, Minister Ghada Waly tells Al Borsa. The programs currently supports 1.9 mn families, a number which will rise to 2 mn after applications to join the program are revised by the end of the November, Waly added.
Posted inLegislation + Policy
House of Representatives will begin discussing Capital Markets Act “soon”
The House of Representatives will begin discussing amendments to the Capital Markets Act “soon,” said EGX head Mohamed Farid at a meeting with the securities division of the Federation of Egyptian Chambers of Commerce on Wednesday. He urged members of the Federation to present their proposals for setting up a futures market, as the amendments […]
Posted inEgypt Politics + Economics
Military court sentences 13 to death
A military court sentenced 13 people to death on Wednesday for a deadly attack on a military checkpoint in the Farfara Oasis in 2014, according to Ahram Online. 12 of the defendants were sentenced in absentia and one offense against a minor was dismissed. The story is getting international pickups on Anadolu Agency and the […]
Posted inSports
Cuper right man to lead Egypt -Abo Rida
Hector Cuper is the right man to lead Egypt at the World Cup finals, Egyptian Football Association President Hany Abo Rida tells BBC Sport. “Cuper's style of football has not been popular in Egypt, leading to calls for him to be replaced.” Abo Rida noted “I can't axe him after he took us to World […]
Posted inON YOUR WAY OUT
Four Egyptian startups selected as finalists for Visa’s Everywhere Initiative
Four Egyptian startups were named finalists in Visa’s Everywhere Initiative, Disrupt Africa reports. On-demand valet parking app Rakna, ridesharing service Swvl, virtual reality startup VRteek, and bot-building platform WideBot are competing for a USD 25k prize that will be awarded to the top competitor in each of the categories. One of the companies will also […]