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Etisalat Misr is ready to begin allowing Telecom Egypt (TE) to piggyback off its infrastructure to offer local roaming services, Etisalat’s Chief Corporate Affairs Officer Khaled Hegazy said, according to Al Shorouk. TE had signed an agreement with Etisalat in June to use the latter’s infrastructure to offer 2G, 3G, and 4G services. Etisalat is […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
HSBC removes all limits on foreign purchases using debit cards
HSBC Egypt announced removing all caps on foreign currency purchases abroad using debit cards as of 3 August. The bank also said its cash withdrawal limit has been increased to USD 1,000 per month.
Posted inEgypt Politics + Economics
Labor Minister signs five raise agreements with private players including Nestle, Coca Cola, and Pepsi
Labor Minister Mohamed Saafan signed five agreements yesterday that will see the likes of Pepsi, Coca Cola, and Nestle pay their employees a 10% hardship raise of EGP 165-330 a month, Al Shorouk reports. The raise, which had been proposed last month under a non-binding initiative between the government and the private sector, will be […]
Posted inEgypt Politics + Economics
National Press Authority to issue regulations on local coverage of terror incidents
The National Press Authority (NPA) is planning to issue new regulations to “guide” the coverage of terrorism stories by local news outlets, NPA head Karam Gabr told the press on Sunday, according to Daily News Egypt. The move is meant to curb the media’s role as the “main intermediate that terrorist groups use to promote […]
Posted inEgypt Politics + Economics
El Sisi signs off on state’s FY2017-18 economic and social development plan
President Abdel Fattah El Sisi ratified the government’s social and economic development plan for FY2017-18 on Sunday, according to Al Shorouk. The strategy — which is now out in the Official Gazette — sees real GDP growth reaching 4.6% for the year, buoyed by an increase in overall resources and investments in nonfinancial assets.
Posted inEgypt Politics + Economics
Suez Canal revenues between January and July up to USD 2.9 bn
Suez Canal revenues reached USD 2.9 bn between January and July of 2017, the Suez Canal Authority said on Sunday, according to Reuters. By the newswire’s calculations, July’s revenues came in at USD 446.3 mn, up from USD 427.2 mn in June.
Posted inEgypt Politics + Economics
Immigration Ministry following up on murder in Ohio
The Ismail government is following up with authorities in the US after an Egyptian was reportedly murdered in Ohio, Al Mal reports. Hisham Kamel was killed in a carjacking attempt. The family has elected to bury him stateside.
Posted inNational Security
Egypt to receive second German submarine in two days
The Egyptian navy is receiving its second Type 209/1400 submarine from ThyssenKrupp Marine Systems in two days’ time, sources told Al Masry Al Youm. The first vessel was received in April and is part of a four-submarine agreement signed in 2011. A crew had already received training on how to operate the submarine and the […]
Posted inNational Security
Egyptian-Kuwaiti military training kicks off in Egypt
The Egyptian and Kuwaiti air forces kicked off the “Al-Yarmouk 3” military exercises on Sunday, the Armed Forces said in a statement.
Posted inON YOUR WAY OUT
Tamer Hosni to set his prints outside LA’s Chinese Theater
In a sign that the apocalypse is perhaps only days away, pop “star” Tamer Hosni is reportedly getting his hands and feet printed outside the iconic Chinese Theatre in Los Angeles this week. Hosni will be the first Arab ever to set his prints next to those of greats such as Eddie Murphy, Meryl Streep, […]