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Dubai-based InnJoo is looking to expand its activities in Egypt, specifically by looking for a domestic partner to begin manufacturing its products locally, Al Borsa reports. According to InnJoo’s regional manager, Ahmed Kandil, the company is aiming to secure a market share of at least 6% in smartphones.
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Government to establish airport in East Sinai to service Gulf of Suez and surroundings
The government is reportedly in the process of building an airport in East Sinai to service the Gulf of Suez and surrounding areas, according to Suez Canal Economic Zone chief Ahmed Darwish, Youm7 reports.
Posted inAutomotive + Transportation
EgyptAir could be cutting back on flights to Saudi Arabia
EgyptAir could be reducing its number of flights to Saudi Arabia, Al Borsa reported. The proposal is currently under study, according to company chief Safwat Musallam, who explained that demand for flights to the Kingdom has gone down significantly now that ‘umra season is over.
Posted inBanking + Finance
United Bank to offer mobile banking services starting this January
United Bank will be activating its mobile banking services as of this month, after introducing internet banking last December, Al Borsareports. The bank is looking to expand its presence in Egypt and intends to open seven new branches during the year.
Posted inBanking + Finance
Rasmala plans to grow Assets under management to EGP 7.5 bn in 2017
Rasmala is planning to grow its assets under management by 15.4% to EGP 7.5 bn by the end of 2017, Al Borsa reports. The company is optimistic about the Egyptian market’s potential and ability to reel in direct and indirect foreign investments, CEO Ahmed Aboul Saad said. The company’s strategy for the year will focus […]
Posted inEgypt Politics + Economics
Youth activist released on probation, presidential pardoning committee submits new lists for review
The co-founder of the April 6 youth movement Mohamed Adel was released from custody, Sunday, after completing an almost three-year prison sentence for violating the country’s protest law, Ahram Online reported. Adel will remain on probation for another three years but his lawyer said he would be appealing sentence. Ahram Online also said that the […]
Posted inNational Security
Egypt extends participation of troops in Saudi Alliance
Egypt’s National Defense Council, headed by President Abdel Fattah El Sisi, agreed during a Sunday meeting to extend the participation of Egyptian military forces in the Saudi Arabian-led military operation in Yemen, Reuters reports. The announcement did not specify a timeframe for the extension. The story was also covered on German news agency Deutsche Welle.
Posted inSports
Egypt exits Handball World Championship after loss to Croatia
Egypt is out of the Handball World Championship after losing to Croatia 21-19 in the round of 16, Ahram Online reports. The Egyptian team has failed to progress past this stage of the championship since 2001.
Posted inON YOUR WAY OUT
A revival of shadow puppets and the aragouz in medieval Cairo
The Wamda troupe tell the tales of folk heroes and repurpose their ancient sketches with a modern twist in Khan El Khalili’s El-Sehaymi House, Ahram English tells us. Formed in 2004 by theater professor Nabil Bahgat, the troupe aims to document, revive, and renovate shadow puppets and the aragouz, and also hosts a weekly workshop […]
Posted inON YOUR WAY OUT
A radio service or Cairo’s metro riders hopes to enhance cultural and historical awareness
A radio service for Cairo’s metro riders: Kemet is a three-month old radio service that broadcasts 16-minute long episodes on Egyptian cultural heritage and folklore. The service runs for 18 hours straight everyday, starting 7 am, on the platforms of Cairo’s metro stations and aims mainly to enhance people’s cultural and historical knowledge. Executive Officer […]