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Digital gaming is booming: The digital gaming industry has exploded recently, says Ryan Nolan, technology MD at Goldman Sachs’ investment banking division. The returns for game publishers and developers are now “significantly outpacing those of other content categories such as music, film and TV.” Nolan expects this trend to continue driven by three “powerful forces”: […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egyptian-Saudi double taxation agreement comes into effect
An agreement with Saudi Arabia on avoidance of double taxation came into effect yesterday after it was published in the Official Gazette, Al Mal reports. The agreement, which was signed in April 2016, applies to any resident, building, or movable properties in both countries. Under the pact, taxes on oil project royalties are set at […]
Posted inDiplomacy + Foreign Trade
Egypt signs more MoUs with China
Egypt signs more MoUs with China: The Federation of Egyptian Chambers of Commerce signed an MoU with the China Council for the Promotion of International Trade that will see both sides cooperate on settling trade disputes between them, Trade and Industry Minister Tarek Kabil announced yesterday, according to Al Borsa. The Holding Company for Maritime […]
Posted inDiplomacy + Foreign Trade
Investigations into Mubarak-era figures frozen assets still ongoing -Swiss embassy
Investigations into the frozen assets of Mubarak-era figures are still ongoingindependently in Switzerland and Egypt, the Swiss embassy said in a statement picked up by Ahram Gate. The statement denies Swiss media reports that claimed Switzerland’s Office of the Attorney General decided to “cease providing legal aid for pending requests from Egypt” and that Swiss […]
Posted inDiplomacy + Foreign Trade
Foreign Ministry condemns violence against Rohingya Muslims in Myanmar
Egypt condemned ongoing violence against the Rohingya Muslims in Myanmar, which has left hundreds and forced thousands more to flee the country, the Foreign Ministry said in a statement yesterday. President Abdel Fattah El Sisi and Russian President Vladimir Putin had both condemned the violence during their meeting at the BRICS summit in China on […]
Posted inDiplomacy + Foreign Trade
French FM feels positive on Libya
French Foreign Minister Jean-Yves Le Drian feels positive on the situation in Libya following his meetings with different factions across the country this week, according to Reuters. Le Drian met with the two major sides, Prime Minister Fayez Al-Seraj and eastern commander Khalifa Haftar, to build on their accords signed in Paris as well as […]
Posted inEnergy
AfDB approves USD 55 mn loan for three FiT projects
The African Development Bank’s (AfDB) board of directors approved on Tuesday three loans totaling USD 55 mn to fund three 50 MW solar power projects in Benban, Aswan, under phase two of the feed-in tariff program, the bank announced in a statement. Alcazar Energy and its subsidiary, Delta for Renewable Energy, will each receive an […]
Posted inEnergy
Elsewedy, Huawei agree to promote their solar power products in MENA
Elsewedy Electric and Huawei signed an MoU to cooperate on promoting each other’s solar power products and services in the MENA region, Elsewedy announced yesterday. The two sides will focus on engineering, procurement, and construction projects. The agreement will leverage Elsewedy’s experience in construction and development and Huawei’s smart PV technology to help provide solar […]
Posted inHealth + Education
Vezeeta to launch operations in Lebanon next week
Clinic and physician booking platform Vezeeta is launching its operations in Lebanon next week, after recently expanding to Jordan, CEO Amir Barsoum tells Al Mal. The company is planning further expansions in the region, including the UAE, during the spring of 2018. Domestically, they are also looking to launch in Mansoura before the year is […]
Posted inTelecoms + ICT
MNOs start increasing prices of roaming services
Mobile network operators have increased the price of roaming services after receiving approval to do so from the National Telecommunications Regulatory Authority (NTRA), industry sources tell AMAY. MNOs have been petitioning the NTRA to raise prices for some time claiming rising costs (mostly from the VAT) are eating into their margins with Orange’s numbers for […]