Latest in Day: March 20, 2018 Highlight

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Latest in Day: March 20, 2018

Egyptian court bans ride-hailing apps Uber, Careem

Egypt’s Administrative Court issued a verdict on Tuesday to bar ride-hailing services Uber and Careem from operating in the country, saying they violate Egyptian law. The court verdict will go into effect immediately, but it can be appealed before Egypt’s Higher Administrative Court. Careem, on their official Facebook page, said that the company has not …

Mohamed Samir

Auerbach Grayson expands access to Swiss market through partnership with Mirabaud

Auerbach Grayson & Co announced on Tuesday that it has partnered with the brokerage business line of Mirabaud Group, a Switzerland-based international banking and financial group, to provide US investors with greater access to Swiss equities. According to the press statement issued, the partnership between Mirabaud and Auerbach Grayson will provide the latter’s institutional clients …

Daily News Egypt

Al-Sisi follows bilateral relations updates with Kotzias in Cairo 

President Abdel Fattah Al-Sisi met on Tuesday Greek Minister of Foreign Affairs Nikos Kotzias, in the presence of Egypt’s Foreign Affairs Minister Sameh Shoukry and the Greek Ambassador to Cairo Michael-Christos Diamessis, according to state media. Officials discussed a number of issues related to common relations between the two countries and reviewed means of enhancing bilateral …

Daily News Egypt

Egyptian-Portuguese Business Council to begin first meetings in March

New chairperson of the Egyptian-Portuguese Business Council (EPBC), Mohamed Abul-Enein, said that the council will start its first meetings in March, after a decision to form the council was recently issued by Minister of Trade and Industry Tarek Kabil. “The first EPBC meeting will be held in the presence of council members to share views about how …

Hagar Omran

Ration cards will not be withdrawn from those with income over EGP 2,500: IDSC

The cabinet’s think tank, the Information and Decision Support Centre (IDSC), denied the validity of reports on several websites and social network news pages that the government intends to withdraw ration cards from citizens whose income reaches EGP 2,500 or more. The IDSC explained, in a report clarifying the facts issued on Tuesday, that it …

Mohamed Samir

Sico’s Nile X sales soar to 50,000 devices

The Egyptian Company for Silicon Industries (Sico Egypt) managed to sell 50,000 units of its new Nile X phone. According to the CEO of the company, Mohamed Salem, the company is targeting sales of 1.3m units before the end of the year. Salem sees the volume of sales achieved by Nile X as good considering …

Mohamed Alaa El-Din

Smart Village hosts 6th annual Cairo Classic Car Meet

The Smart Village, in Sixth of October city, hosted on Friday Vintage Wheels Egypt’s sixth annual Cairo Classic Car Meet. The one-day event hosted about 200 vehicles and motorcycles that were manufactured between early 1924 and 1988. Mahmoud Ezz El-Din, one of the event’s organisers, said the number of cars and motorcycles participating in the …

Daily News Egypt