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Wednesday, 28 February 2018

On the horizon

Verdict coming in anti-Uber, Careem lawsuit: The Administrative Court will issue a verdict on 20 March in the case filed by 42 taxi drivers demanding that local operations for ride-hailing services Uber and Careem be shut down, Al Borsa reports. The lawsuit was filed last year on grounds that the the apps violate the law by using a private vehicle, which allows them to evade an annual EGP 800 fee that taxi drivers have to pay. An act to regulate the work of ride-hailing apps is in the works.

Our friends at EFG Hermes are hosting their 14th annual One on One Conference in Dubai on Monday, 5 March. The three-day event is the largest investor conference globally focused on frontier and emerging markets and will bring together some 175 companies for discussions on what a year of shifting benchmarks — including oil production cuts and the prospect of US interest rate hikes — mean for emerging frontier markets.

The 2018 international Sustainable Industrial Areas (SIA) International Conference is taking place in Egypt this year on Tuesday, 6 March at the Nile Ritz Carlton. This year’s iteration looks at investment promotion, SME development and the creation of meaningful job opportunities as a means to sustainably grow Egypt’s industrial areas. The gathering is being held under the auspices of the Trade and Industry Ministry in partnership between the East Port Said Development Company.

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