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Telecom Egypt announced it has signed a domestic roaming agreement with Etisalat Misr to offer 2G and 3G using the mobile company’s infrastructure. Orange signed a similar agreement with TE in April and Vodafone is still reportedly in talks with fixed-line monopoly to do the same. The three mobile companies are set to meet with […]
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Bombardier to conduct studies for Nasr City-New Administrative Capital monorail
Canada’s Bombardier will conduct feasibility studies on a monorail line connecting Nasr City to the New Administrative Capital, Al Masry Al Youm reports.
Posted inAutomotive + Transportation
Careem to launch services in Palestine
Ride-hailing app Careem is launching its services in Ramallah tomorrow, and will expand to other cities in Palestine “in the near future,” according to an emailed statement (pdf).
Posted inAutomotive + Transportation
Seven investors to sign new contract for Sokhna Logistic Car City after others backed of original agreement
Seven Investors in the Ain Sokhna Automotive Logistics City are days away from signing a new contract after a number of companies backed out of the original agreement, Al Mal reported on Tuesday. China’s TEDA Holding had inked agreements with a number of investors early this year to establish a EGP 300 mn auto manufacturing […]
Posted inNational Security
Egypt to acquire Ka-52K helicopters, to be deployed on Mistral carriers
Russia’s Rostec Corporation will be supplying Egypt with Ka-52K shipboard helicopters, but a contract has not been signed yet, TASS reports. “The Ka-52K is designed for patrol missions, fire support missions during amphibious assaults and anti-amphibious assault defense at the frontline and in tactical depth.” The Ka-52K models, set to be deployed on the Mistral-class […]
Posted inON YOUR WAY OUT
Moataz Nasr’s El Shaab at Salsali Private Museum in Dubai
Egyptian artist Moataz Nasr’s El Shaab figurines are among the sculptures on display at the Salsali Private Museum in Dubai’s Alserkal Avenue. Nasr’s sculptures were created in 2012 and, “though diminutive in size, Nasr’s sculptures are highly emotive, representing different religions, ethnicities and generations and, therefore, offering a cross section of Egypt’s population,” Anna Seaman […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0424 | Sell 18.1421 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Tuesday): 13,531 (+0.3%) Turnover: EGP 1.1 bn (39% below the 90-day average) EGX 30 year-to-date: +9.6% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
26 May-23 June (Friday-Friday): Window for firms to submit expressions of interest to the European Bank for Reconstruction and Development for consulting on Egypt’s oil and gas sector reform, London, UK. 22 June (Thursday): Nile Summit scheduled to be held in Uganda. 26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC). 30 June (Friday): 30 June, national holiday. […]
Posted inWhat We're Tracking Today
What we’re tracking on 13 June 2017
Today’s episode of Qatar Smackdown is brought to you by the UK, which is urging the GCC states to ease the blockade on the Statelet, Reuters reports. “I am also concerned by some of the strong actions which Saudi Arabia, UAE, Egypt and Bahrain have taken against an important partner," UK Foreign Secretary Boris Johnson […]