Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Good morning, friends. We kick off the last week of October with a brisk issue, led by HSBC’s next moves as it reviews its retail business in Egypt and BMI upgrading our growth forecast. We also have plenty to look forward to when the week draws to a close, with the Grand Egyptian Museum’s official […]
Author Archives: enterpriseam admin
Posted inAdvertiser
From October 12–16, Somabay hosted the Somabay World Cup for the first time in Egypt, welcoming 173 participants from 19 countries to its signature Red Sea course. The tournament spotlighted Egypt’s growing presence on the global golf map, set against Somabay’s year-round sunshine, luxury resorts, and world-class sports and leisure scene.
Posted inBanking
HSBC says it’s here to stay for corporate clients as it reviews the fate of its retail business
HSBC Group’s review of its retail bank in Egypt comes as it looks to “simplify” globally, but it’s business as usual for now
Posted inEconomy
BMI ups our growth forecast to 5% for FY 2025-26
The research unit attributed the upgrade to investment recovery and a smaller drag in net exports
Posted inTax
Finance Ministry rolls out tax workaround for contractor contracts inked before VAT shake-up
The move follows VAT amendments ratified in July that subjected all new construction and contracting contracts to the standard 14% VAT rate
Posted inEGYPT IN THE NEWS
The New York Times takes a deep dive into our divided Sahel
The tale of two Sahels: The New York Times is out with a piece diving into the social and economic divides reflected in our North Coast. The article highlights the contrast between the Good Sahel, or El Sahel El Tayeb — known for its modest family holidays and simple beach life — and the Evil […]
Posted inAlso on our Radar
Capital Agro launches USD 25 mn cold storage complex
PLUS- Oppo kicks off production at its Tenth of Ramadan factory