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Prices of 980 medications the Health Ministry is purchasing in a tender to supply public hospitals have increased by a margin of 20-50%, presumably as a result of the ministry’s decision in January to raise meds prices under pressure from the industry, Al Borsa reports. These price increases will not be passed on to consumers, […]
Author Archives: enterpriseam admin
Posted inTourism
Japanese researchers mapping out the pyramids to unravel construction mystery
Japanese researchers are working on creating a 3D image of the pyramids to discover how they were built, The Japan Times reports. Led by archaeologist Yukinori Kawae from Nagoya University, they used laser beams and drones to measure every stone’s location and shape. A total of seven pyramids were measured and “the team plans to […]
Posted inTourism
Archaeology team uncovers burial chamber at Dahshur
An Egyptian archaeological team discovered a burial chamber inside a pyramid at the Dahshur necropolis believed to belong to 13th Dynasty king Emnikamaw, the Antiquities Ministry announced yesterday. The wooden box features three lines of hieroglyphics, and contained the conserved liver, intestine, stomach, and lungs of the deceased.
Posted inTourism
Tourism Ministry to launch domestic tourism campaign in 4Q2017
The Tourism Ministry plans to launch a domestic tourism campaign in October or November this year to attract visitors to areas of the country struggling with low occupancy rates, TDA vice president Ahmed Hamdy said, Al Borsa reports. The campaign will target areas including Safaga, Siwa, Nuweiba, and Wahat and will also promote eco-lodges and […]
Posted inTelecoms + ICT
MNOs need to get 50% of their network on 3G before offering TE domestic roaming
The National Telecommunications Regulatory Authority (NTRA) is requiring mobile operators to have 50% of their networks covered by 3G before the can offer domestic roaming services to Telecom Egypt, Al Mal reports. TE and Orange have already reached a preliminary agreement on local roaming last month, with Vodafone and Etisalat reportedly still in negotiations with […]
Posted inAutomotive + Transportation
NAT issues EUR 224.4 mn tender for insurance of Cairo Metro Line 3 equipment
The National Authority for Tunnels (NAT) issued a EUR 224.4 mn tender to insure equipment for the fourth phase of Cairo Metro Line 3 being shipped to Egypt, Al Borsa reports. The winner of the tender will provide insurance for a two-year period, subject to renewal. The tender will close on 25 May.
Posted inEgypt Politics + Economics
Government to enforce SAD to facilitate customs procedures
The Finance Ministry will soon be putting an EU-style Single Administrative Document (SAD) in place to facilitate customs procedures and expedite the release of goods from port authorities, Finance Minister Amr El Garhy told the press on Wednesday, according to Al Shorouk.
Posted inNational Security
Terror attack on checkpoint kills 10 armed Tarabin tribesmen
A terrorist attack on a checkpoint staffed by armed Tarabin Bedouin tribesmen is believed to have killed 10 people, the Associated Press reports.
Posted inON YOUR WAY OUT
TV Presenter Tawfik Okasha sentenced to one year in jail
TV presenter and former MP Tawfik Okasha was sentenced to a year in jail for faking hisPhD diploma, Al Mal reports. A lawyer had filed a lawsuit to the prosecutor general, accusing him of the falsification of the document.
Posted inON YOUR WAY OUT
Suez Canal revenues up in March-April
“Egypt's revenue from the Suez Canal was USD 853.7 mn in April and March, 4.1 percent higher than the same period a year earlier, the Suez Canal Authority said in a statement on Wednesday,” Reuters reports.