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A streamlined capital increase process: The Financial Regulatory Authority (FRA) has amended rules governing capital increases in a bid to make it easier for EGX-listed firms to raise fresh capital, the FRA said in a statement yesterday. Faster approvals: The FRA has brought in stricter timelines that the regulator says should shave up to 37 […]
Author Archives: enterpriseam admin
Posted inStartup watch
Taager makes Riyadh its HQ as it shifts to a regional focus
Taager wants to invest over SAR 50 mn in the Saudi market
Posted inCustoms
Higher personal exemption limits + new taxes on dutyfree alcohol
Customs Law amendments bring changes for travelers: The value of new goods travelers can bring into Egypt has increased and new taxes are being raised on duty-free alcohol, under amendments to the executive regulations of the Customs Law published in the Official Gazette last week. Limit raised on customs exemptions for new purchases: Tourists and […]
Posted inLAST NIGHT’S TALK SHOWS
Twin deadly earthquakes in Turkey, Syria dominate coverage
Yesterday’s devastating earthquake in Turkey and Syria dominated coverage on the talk shows last night. Ala Mas’ouleety got most of its air time focused on the deadly twin earthquakes with an interview with National Seismological Network head Gad El Qadi (watch, runtime: 3:32). Kelma Akhira dedicated the whole show to the disaster and also interviewed […]
Posted inEGYPT IN THE NEWS
A mixed bag of nuts in the foreign press on 7 February 2023
No one story is driving the international conversation on Egypt this morning. The Washington Post has reviewed King of Koshary in Arlington, where founders Ayob Metry and Nadia Gomaa combined their culinary talents to give restaurant goers a taste of home. Also making the rounds: Social satire Feathers is getting ink in Variety, pigeon fanciers […]
Posted inAlso on our Radar
More private-sector involvement in the aviation industry?
TRANSPORT- Egypt’s aviation sector could see more private-sector involvement: State-owned flag carrier EgyptAir will work more closely with private-sector airlines as the government looks to attract private investment into the sector, Civil Aviation Minister Mohamed Abbas said yesterday. This came during a meeting between the heads of private-sector aviation companies and ministry officials yesterday. No […]
Posted inPLANET FINANCE
Odds of US recession now just 25%, according to Goldman
The odds of a US recession are dwindling, according to Goldman: Goldman Sachs has slashed estimates for the likelihood of a US recession in the next year to 25% on the back of last week’s stronger-than-expected labor data, falling inflation, and signs of improving business sentiment, Bloomberg reports. The US investment bank remains the outlier: […]