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Automated clinic and physician booking platform Vezeeta raised a USD 5 mn series B funding let by UAE’s Beco Capital, Wamda reported. Egypt’s Vezeeta eases the accessibility of booking a doctor’s appointment, allowing the user to choose a doctor by specialty, geographic area, insurance purveyor and fees. “The investment, closed in September 2016, also included […]
Author Archives: enterpriseam admin
Posted inTourism
Tourism is making a slow comeback, CAPMAS head suggests
There may be hope yet for Egypt’s ailing tourism sector after all with tourist arrival figures for October showing growth of 7% over the same month last year -- the first signs of improvement and the eventual return of tourism, said CAPMAS Chief Abu Bakr El Guindy, AMAY reported.
Posted inTelecoms + ICT
Orange Egypt fined EGP 49.1 mn for losses from rerouting calls in North Sinai
An economic court issued a ruling that will see Orange Egypt pay Telecom Egypt EGP 49.1 mn for losses the latter incurred after Orange -- which was Mobinil at the time -- allegedly adapted a transmitter in North Sinai and rerouted international calls, Al Borsa reports. The case dates back to 2012.
Posted inAutomotive + Transportation
Transport Ministry negotiating loan with South Korea’s Hyundai Rotem for new metro cars
The Transport Ministry is in talks with South Korea’s Hyundai Rotem on financing for 64 new cars for Cairo Metro Line 3. Talks with South Korea regarding the funding of Cairo Metro Line 5 are also ongoing, and Transport Minister Galal Saeed met with South Korea’s ambassador in Cairo yesterday to discuss the matter.
Posted inEgypt Politics + Economics
Finance Ministry focused reform in 2016 on nine measures -El Garhy
The Finance Ministry said it focused on nine points in its reform measures in 2016, according to a statement by Minister Amr El Garhy. The measures focused on fiscal adjustment, legislative reform, improving the international standing, and enhancing social protection. The Ministry says it also focused on improving partnership with the private sector, improving its […]
Posted inON YOUR WAY OUT
Fuel smart card system implemented
The government has reportedly begun implementing the fuel smart card system for motorists as of Sunday. The Oil Ministry’s spokesperson told Al Masry Al Youm those who do not yet have cards will be allowed to refuel using spare cards available at stations until they are issued their own, adding that there are no immediate […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0674 | Sell 18.3817 EGP / USD at CIB: Buy 17.95 | Sell 18.2 EGP / USD at NBE: Buy 18 | Sell 18.25 EGX30 (Thursday): 12,344.89 (+0.69%) Turnover: EGP 1.4 bn (243% above the 90-day average) EGX 30 year-to-date: 0% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
07 January (Saturday): Coptic Christmas, national holiday. 13 January (Friday): Egypt to attend Africa-France Summit 2017 in Mali. 25 January (Wednesday): Revolution (police) day, national holiday. 30 January – 2 February 2017 (Monday-Thursday): Arab Health Exhibition, Dubai International Convention & Exhibition Center, UAE. 14-16 February 2017 (Tuesday-Thursday): Egypt Petroleum Show 2017 (EGYPS), CIEC, Cairo. 31 […]