Good afternoon, everyone. We’re still settling into the groove of things after the long weekend.

THE BIG STORY TODAY-

A whole lotta tax incentives for SMEs: Between fewer labor income tax settlements and setting a flat tax rate for businesses whose annual turnover doesn’t exceed the EGP 15 mn mark, the government is gearing to introduce a package of tax incentives for SMEs aimed at helping small businesses grow and easing the administrative burden of monitoring them. Enterprise spoke to Deputy Finance Minister for Taxes Sherif Al Kilani to learn the ins and outs of the package.

THE BIG STORY ABROAD-

Trump’s second assassination attempt remains to be the biggest headline on just about every front page this evening: The FBI is investigating the second potential assassination attempt against Republican presidential candidate Donald Trump after US Secret agents spotted a rifle in a bush at his golf course in West Palm Beach, Florida — where the former president, who is unharmed, was playing. Secret Service agents opened fire on the suspect, who was later arrested and identified as 58-year-old Ryan Routh. The incident comes just two months after Trump was shot in his right ear while speaking at an election rally in western Pennsylvania. (Financial Times | Bloomberg | Associated Press | NYT | Washington Post)

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • More LNG shipments secured: The government has bought 20 cargoes of LNG for some USD 907 mn to cover domestic needs between October and December.
  • AMEA to funnel another USD 800 mn into our renewables sector: UAE’s AMEA Power will invest USD 800 mn to develop two renewable energy projects in Upper Egypt after inking new purchase power agreements with the Egyptian Electricity Transmission Company.
  • Trade and investment top the agenda of meetings with our GCC neighbors: During a high-level visit to the Saudi capital and the holding of the 13th session of the Egypt-Kuwait Joint Committee, numerous agreements were inked — an increasingly familiar story as our trade and investment relations with the Gulf continue to grow.

☀️ TOMORROW’S WEATHER- We expect to see highs of 34°C in the capital tomorrow and a low of 23°C, according to our favorite weather app.

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