Back to the complete issue
Thursday, 18 October 2018

Passports can be used to update bourse data; train ticket prices not rising; land reclamation committee to review ownership requests by year’s end

The airwaves had little of value to offer last night after what was a relatively quiet news day.

Egyptian expats can update their bourse data using passports now: The Financial Regulatory Authority (FRA) approved a decision yesterday that will allow Egyptian expats to update their information on the EGX’s database using their passports, as opposed to before when they had to use their national ID cards (watch, runtime: 6:12).

Train fares will not rise any time soon — at least not until service improves, Railway Authority head Ashraf Raslan told Yadhuth fi Masr’s Sherif Amer. Raslan was in the studio to discuss ongoing upgrades in the sector (watch here, runtime: 1:25, here, runtime: 2:12, and here, runtime: 2:13).

The committee tasked with recovering state-owned land will be reviewing ownership status requests over the coming few months, committee spokesperson Ahmed Ayoub told Al Hayah Al Youm. The committee which expects to complete its work by year’s end (watch, runtime: 7:02).

Hona Al Asema was off last night. And Lamees is still MIA.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.