enterpriseam admin, Author at EnterpriseAM Egypt

by enterpriseam adminEgypt Edition1 March 2023

What the markets are doing on 1 March, 2023

by enterpriseam adminEgypt Edition1 March 2023

The EGX30 rose 0.7% at today’s close on turnover of EGP 2.19 bn (9.2% above the 90-day average). Foreign investors were net sellers. The index is up 17.3% YTD. In the green: Palm Hills Development (+3.9%), Qalaa Holding (+3.6%) and Mopco (+3.5%). In the red: Fawry (-2.3%), Talaat Moustafa Holding (-1.9%) and Abu Qir Fertlizers […]

THE ENTERPRISE ENTERTAINMENT CALENDAR

by enterpriseam adminEgypt Edition1 March 2023

FEBRUARY 7 February-1 March (Tuesday-Wednesday): Zāt exhibition, Safarkhan Art Gallery, Zamalek. 15 February-2 March (Wednesday-Thursday): Naguib Mahfouz Festival, Zawya Cinema, Downtown Cairo. 28 February-4 March: Film O’Clock International Film Festival, Zawya Cinema, Downtown Cairo. MARCH 3 March: Sharmoofers Caravan Concert at 8pm, Zed Park, Sheikh Zayed. 4 March: Maz Jobrani Standup Comedy at 4pm, The […]

What We're Tracking Today

THIS MORNING: It’s Day 2 of Madbouly’s visit to Qatar

by enterpriseam adminEgypt Edition28 February 2023

Good morning, ladies and gentlemen. We have a diplomacy-heavy issue for you this morning, with Prime Minister Moustafa Madbouly leading a ministerial delegation to Qatar yesterday to push forward talks for fresh Qatari investment. Meanwhile, Foreign Minister Sameh Shoukry became the first senior Egyptian diplomat to visit Syria and Turkey in more than a decade […]

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by enterpriseam adminEgypt Edition28 February 2023

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Investment Watch

Egypt-Qatar sign double taxation agreement + Al Thani pledges investment ‘in the coming period”

by enterpriseam adminEgypt Edition28 February 2023

Egypt + Qatar sign dual taxation elimination agreement to boost investment: Egypt and Qatar yesterday signed an agreement to eliminate double taxation and crack down on tax evasion, cabinet said in a statement yesterday. The treaty covers capital gains, income, corporate profits, interest and dividends, and was signed during Prime Minister Moustafa Madbouly’s visit to […]

M&A WATCH

Edita plans to acquire 100% of a mystery company

by enterpriseam adminEgypt Edition28 February 2023

Edita wants 100% of an unnamed local food firm: The board of EGX-listed Edita Food Industries has agreed to submit an offer to acquire 100% of an unnamed, unlisted company in the local food industry, it said in a bourse filing (pdf) yesterday. The statement didn’t put a value on the transaction. Representatives of the […]

LEGISLATION WATCH

MPs give initial approval to extending expat car import scheme for 2 months

by enterpriseam adminEgypt Edition28 February 2023

House gives initial nod to expat car import scheme extension: MPs have given preliminary approval to a proposal to extend the government’s expat car import scheme by two months amid low participation. The program was set to expire in mid-March but will now end on 12 May if the amendments are passed in a final […]