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Egypt sees 36% y-o-y surge in tourists arrivals in February
Egypt welcomed 730k tourists in February 2018, marking a 36% y-o-y increase compared to the same period last year, according…
Competition authority report vindicates cement producers, says price hikes were justified; consumer protection boss still demanding crackdown
Competition authority vindicates cement producers in initial findings from market review: The Egyptian Competition Authority (ECA) has cleared cement producers…
House Transport Committee pushes Ride-hailing Apps Act to top of its agenda, to expedite discussion
LEGISLATION WATCH- The House of Representatives’ Transportation Committee is moving the Ride-hailing Apps Act to the top of its agenda.…
Halan, a ridesharing app for tuktuks and motorcycles, closes in on USD 2 mn fundraising round
EXCLUSIVE- Egypt’s “Uber for motorcycles” closes in on USD 2 mn pre-series ‘A’ fundraising round: Halan, the Cairo-based ride-sharing app…
BP seeks USD 1 bn from sale of Egypt oil assets, expected to focus more on Egypt and Oman after failing to renew UAE concessions
BP is hoping to raise USD 1 bn from “mature oil assets in Egypt” that it has recently put up…
Wood Mackenzie to develop studies backing Egypt’s future mineral resources development strategy
In other news from the natural resources industry: Wood Mackenzie has been tapped to conduct studies for government’s mineral resources…
Apache to drill 50 new wells in Egypt next fiscal year, EGAS and Eni trying to speed up Zohr production schedule
Apache is planning on drilling 50 new exploratory wells in Egypt in the coming fiscal year through its Qaroun and…
NCBIS denies it has been hit with order to shutdown
CLARIFICATION- The New Cairo British International School (NCBIS) denies a report published by Ahram Gate that it is being shutdown…
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