It was another slow-ish night on talk shows yesterday, with the talking heads focusing on efforts by the government to release shipments piled up at ports. Goods worth some USD 6 bn are currently stuck at ports amid a shortage of FX needed to get them released, Alaa Ezz, secretary-general of the Federation of Egyptian […]
Author Archives: enterpriseam admin
Social ins contributions and payouts to rise in the new year
Among the other stories we’re paying attention to this morning: ECONOMY- Employees will pay more towards social ins. starting in January: The subscription wage used to calculate national ins. contributions for public and private sector workers will be raised to a minimum of EGP 1.7k and a maximum of EGP 10.9k as of 1 January […]
UAE’s Adnoc to invest USD 150 bn to expand in gas, chemicals, and green energy + Are investors calling time on the quest to build self-driving cars?
Adnoc is spending big: The UAE’s Abu Dhabi National Oil Company (Adnoc) will invest USD 150 bn under a five-year business plan that will see it up hydrocarbon production and sell a minority stake in its gas and LNG operations, as well as work toward net-zero emissions by 2050, the company said in a statement. […]
NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. 27-30 November (Sunday-Wednesday): Cairo ICT and Pafix, Egypt International Exhibition Center, New Cairo. DECEMBER 1 December (Thursday): Sphinx International Airport will begin operating international flights. 1 December (Thursday): Contractors to break ground on Egypt-Saudi interconnection project. 2-3 December (Thursday-Saturday): BiznEX kicks off at Mamsha Ahl […]
THIS EVENING: The Central Bank of Egypt is looking at a lot of options to bring in FX + Protests in China over covid-zero trudge on
Good afternoon, wonderful people. We have a brisker news day to bring you than we did yesterday — plus your usual roundup of everything you need to know to stay on top of the World Cup in Qatar. THE BIG STORY TODAY A peek into the CBE’s plan to shore up FX supply? The Central […]
Is global inflation finally going to begin easing? Plus: PSG could skew the valuation field for major football teams
The wave of global inflation that has battered economies over the past several months appears to have peaked and could begin to decelerate over the coming months, the Financial Times reports, citing key indicators and economists. Several indicators — including the prices at which manufacturers are selling their goods to retailers and shipping rates — […]
They’re creepy and they’re kooky, the (Wednesday) Addams Family
? ON THE TUBE TONIGHT- (all times CLT) The Addams Family is back, starring Wednesday: With a fresh cast and plot, the comedy/horror and supernatural fiction Netflix film focuses on Wednesday, Morticia and Gomez’s daughter, who has a gloomy attitude, an odd morbid fascination, and always feels out of place. In the series, Wednesday was […]