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Telecom Egypt (TE) is still in talks with the three mobile network operators over the technical and financial aspects of the domestic-roaming agreement, unnamed sources tell Al Mal. The negotiations include the methods for technical interconnectivity between the companies and pricing for network use, the source added. The NTRA had given the companies until 15 […]
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
Global Telecom Holding to sign USD 200 mn loan agreement with Citi and ING Bank
Global Telecom Holding will be signing an unsecured short-term loan agreement for USD 200 mn with Citi and ING Bank to finance its share buy-back program, Al Borsa reported. GTH subsidiaries Telecom Ventures LLC and International Wireless Communications Pakistan LLC are guarantors.
Posted inOther Business News of Note
Transportation Ministry issues tender to build 100 feddan land port in March
The Transportation Ministry will issue a public tender in March for the construction of a 100-feddan dry port in partnership with the private sector, Transportation Minister Galal Saeed told Al Borsa. The dry port will be followed by a tender to build a 300-feddan logistics center as part of the ministry’s comprehensive logistic strategy that […]
Posted inOther Business News of Note
Furnex sees signing of export contracts
25% of the agreements inked at furniture expo Furnex were export contracts, Al Borsa reports. Some 220 buyers from 35 countries are said to have inked contracts.
Posted inLegislation + Policy
SCC deems Civil Service Act article guaranteeing holiday for hajj as unconstitutional
The Supreme Constitutional Court has ruled that Article 52 of the Civil Service Act, which grants Muslims the right to take a holiday for hajj, is unconstitutional, as it does not provide the equivalent right for Copts to visit Jerusalem, Egypt Independent reported (the story incorrectly names the article in question as Article 71).
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.3797 | Sell 18.5203 EGP / USD at CIB: Buy 18.351 | Sell 18.501 EGP / USD at NBE: Buy 18.3 | Sell 18.35 EGX30 (Sunday): 12,883.43 (+0.60%) Turnover: EGP 944.3 mn (117% above the 90-day average) EGX 30 year-to-date: +4.362% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
26 January - 10 February (Thursday-Friday): Cairo International Book Fair, Nasr City fairgrounds. 08 February (Wednesday): N Gage Debate on National Food Safety Authority, Four Seasons Hotel Nile Plaza, Cairo. 14-16 February 2017 (Tuesday-Thursday): Egypt Petroleum Show 2017 (EGYPS), CIEC, Cairo. 16 February (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 23 February (Thursday): […]
Posted inWhat We're Tracking Today
What we’re tracking on 5 Feb 2017
We’re still waiting for news of a cabinet shuffle promised by President Abdel Fattah El Sisi late last month. A spokesman for Prime Minister Sherif Ismail said late last week that the final lineup is still a work in progress. Word on the street is that roughly 10 ministers could exit stage left, including possibly […]
Posted inEnterprise+: Last Night’s Talk Shows
Louvre attack dominates the airwaves; followed by the Great Thirst of Giza; Adib and Lamees talk SMEs
Between what appears to have been an attack on the Louvre by an Egyptian citizen and Giza going without water for three days, the events of this past weekend were tailor-made for the Talking Heads. Foreign Ministry Spokesperson Ahmed Abu Zeid condemned as a “terrorist act” the attack on a soldier at the Louvre by […]