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Uber defined as a transport service in the EU as it appoints a new COO
The EU’s top court issued a ruling yesterday that Uber should be “regulated like other taxi operators” as its services…
Speed Round
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Saudi authorities continue to question, arrest individuals in corruption crackdown
The Great MBS Purge rolls on: Saudi Arabian authorities are questioning more people and freezing more bank accounts as part…
Switzerland lifts freeze on Mubarak-era figures’ assets
Switzerland has officially lifted its freeze on assets worth a combined CHF 430 mn (USD 436 mn) belonging to Mubarak-era…
Figure associated with Longreen’s acquisition of El Omda’s operator is inaccurate -Shahid
CORRECTION- Shahid Law got in touch with us yesterday to explain that the value associated with Longreen Capital Advisors’ acquisition…
Ismail Cabinet preliminarily approves Unified Planning Act
The Ismail cabinet gave its preliminary approval yesterday to the Unified Planning Act drafted by the Planning Ministry, according to…
China’s foreign direct investments in Egypt grew 75% in 1H2017
China’s foreign direct investments in Egypt grew 75% in 1H2017, said trade and economic attaché with the Chinese Embassy Han…
Zohr officially came to life yesterday
Zohr officially came to life yesterday: Eni announced the production of first gas from the supergiant Zohr field. The Italian…
Universal Healthcare Act will run the state EGP 9 bn in its first year
The Universal Healthcare Act will cost the state EGP 9 bn in the first year of implementation, said Vice Minister…
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