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EGX-listed e-payments giant Fawry is planning to begin operating in Kuwait in 2023, with legal procedures currently underway, Fawry’s Investment, Financial Planning & Analysis, and IR Senior Manager Hassan Abdel Gelil told Enterprise. Abdel Gelil did not disclose further information about potential partners in Kuwait. This will be the second international market outside Egypt where […]
Author Archives: enterpriseam admin
Posted inEARNINGS WATCH
CIRA Education net income, revenues rise in FY 2021/22
EGX-listed education outfit CIRA Education reported EGP 389.6 mn in adjusted net income in FY 2021/2022, up 16% y-o-y, according to the company’s earnings release (pdf). CIRA Education’s fiscal year runs from September-August. The company’s revenues rose 19% y-o-y during the fiscal year to EGP 1.7 bn on increased enrollments in its higher education and […]
Posted inLAST NIGHT’S TALK SHOWS
Last Night’s Talk Shows: Businesses have two weeks to register for e-invoicing — or face fines
It was a slow night for the talk shows yesterday as we slide into the weekend, with the rollout of the government’s e-invoicing system topping the business news. A warning to businesses: There are consequences for failing to register to the new e-invoicing system. Those who don’t meet the Tax Authority’s 15 December deadline are […]
Posted inEGYPT IN THE NEWS
Give us back our stone
It’s another relatively quiet morning for Egypt in the international press — or maybe we just get used to everyone talking about us during COP. The campaign to return the Rosetta Stone is back in the headlines: AP becomes the latest to report on Zahi Hawass’ petition calling for the stone to be returned, which […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inAlso on our Radar
Closer entrepreneurship ties between Egypt and China
TECH- New Egypt-China association to give AI + tech investments a shot in the arm: Egypt and China launched the Egyptian-Chinese Entrepreneurs Association (ECEA) this week, with an eye to drive Chinese investments in AI, space tech, and e-commerce, according to a Finance Ministry statement. The association creates a “platform for continuous communication to discuss […]
Posted inPLANET FINANCE
Is EM sovereign debt a bright spot in tough markets? + The majority of EMEA corporate debt could be ESG-linked next year
EM debt could be a standout asset as treasuries + credit take a nosedive: Jupiter Asset Management executive Mark Nash is shorting nearly every asset including US treasuries and credit — but sees value in emerging-market sovereign debt, he tells Bloomberg. Nash is buying securities sold by Brazil, Indonesia and Mexico — all of which […]
Posted inMy Morning Routine
My Morning Routine: Zainab El Sewedy, singer
Zainab El Sewedy, singer: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is singer Zainab El Sewedy (aka loulou). Edited excerpts from our conversation: I’m Zainab El […]