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Vodafone Egypt and Orange Egypt have submitted technical offers to Telecom Egypt (TE) to allow it to use parts of their networks in a domestic roaming agreement, unnamed sources tell Al Mal. The agreement would allow TE to offer 3G mobile services using the existing MNOs’ networks. Vodafone Egypt is expected to follow up its […]
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
Indian CIT investors to visit Egypt in the summer
A delegation of Indian CIT investors is visiting Egypt in the summer to look into investment opportunities and discuss international cooperation, Indian Ambassador Sanjay Bhattacharyya told Al Mal.
Posted inAutomotive + Transportation
Transport Ministry to sign Metro Line 4 development agreements in July
The Transport Ministry will sign agreements with contractors for the development of the Cairo Metro Line 4 in July, Transport Minister Hisham Arafat said on Sunday, AMAY reports. The contractors are likely to be exclusively Japanese or those in partnership with Japanese companies, as dictated by the conditions of Egypt’s USD 1.2 bn loan agreement […]
Posted inBanking + Finance
Banque Misr to offer an additional EGP 1 bn in SME loans
Banque Misr is considering offering an additional EGP 1 bn in loans to SMEs “over the coming period,” particularly those working in industry, agriculture, and renewable energy, the Chairperson of the bank’s SME division Alaa Ayoub said on Sunday, Al Borsa reports.
Posted inOther Business News of Note
SCZone in talks with Japanese-French partnership over East Port Said car platform
The Suez Canal Economic Zone (SCZone) is in talks with a partnership between Japan’s Toyota-NYK and France’s Bolloré this week over the potential development of a pier for imported cars at the East Port Said port, SCZone Ahmed Darwish said on Sunday, according to Al Ahram. Toyota had signed the MoU for the platform around […]
Posted inEgypt Politics + Economics
First phase of Upper Egypt industrial investment map completed
The first phase of the industrial investment map in Upper Egypt is now complete, Trade and Industry Minister Tarek Kabil says, Al Masry Al Youm reports. The investment map includes seven governorates in Upper Egypt, with about 600 investment opportunities. Kabil made the announcement at the third “Upper Egyptian Startup” three-day conference, supported by institutions […]
Posted inEgypt Politics + Economics
France expels Ikhwan founder’s grandson
France decided on Saturday to expel Swiss Islamist preacher Hani Ramadan, the grandson of Ikhwan founder Hassan El Banna, for posing “a serious threat to public order,” AFP reports. Ramadan was arrested at a conference in Colmar, France, on the grounds that he had previously “adopted behavior and made remarks which pose a serious threat […]
Posted inON YOUR WAY OUT
Egyptians ready for ride-sharing apps
Egyptians could be ready for a new wave of ride-sharing apps, Doaa Farid writes in Wamda. She says “Uber and Careem fares have become unaffordable for many Egyptians, as fuel costs continue to rise following the floatation of the currency,” creating a new market opportunity for ride-sharing services like Swvl, Buseet, and Kalax. Farid says […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.9879 | Sell 18.0909 EGP / USD at CIB: Buy 18.00 | Sell 18.10 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Sunday): 12,895 (-1.6%) Turnover: EGP 872.7 mn (36% ABOVE the 90-day average) EGX 30 year-to-date: +4.5% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
08-10 April (Saturday-Monday): Pharmaconex, Cairo International Convention Center, Cairo. 16 April (Sunday): Coptic Easter Sunday. 17 April (Monday): Sham El Nessim, national holiday. 20 April (Thursday): Closing date for the Egyptian Mineral Resources Authority bid round number 1 for 2017 for gold and associated minerals. 22-24 April (Wednesday-Friday): Food Africa, Cairo International Convention Center, Cairo. […]