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Raouf Tawfik, general manager of El Gouna: My Morning Routine looks each week 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 Raouf Tawfik, general manager of El Gouna, a self-contained resort town […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.23 | Sell 16.36 EGP / USD at CIB: Buy 16.24 | Sell 16.34 EGP / USD at NBE: Buy 16.23 | Sell 16.33 EGX30 (Wednesday): 14,182 (-1.2%) Turnover: EGP 536 mn (23% below the 90-day average) EGX 30 year-to-date: +8.8% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
October: A forum will be organized by Russia’s Rosatom and the Nuclear Power Plants Authority to introduce local suppliers and contractors to the Dabaa nuclear plant. October: German businessman delegation will visit Egypt to discuss good projects in order to spend German funds into Egypt. October: A delegation of 40-50 Saudi companies will visit Egypt […]
Posted inWhat We're Tracking Today
What we’re tracking on 9 October 2019
Prime Minister Moustafa Madbouly’s statement to the House yesterday didn’t quite have the intended effect. MPs stepped up their criticism of the government’s reform program, despite Madbouly painting a positive picture of the macroeconomy. One by one, MPs took turns attacking the government for everything from the rising cost of living and the poor state […]
Posted inEnterprise+: Last Night’s Talk Shows
Politics dominated talk show coverage last night
Politics took top billing on the talk shows last night: The outpouring of anger in parliament towards the government during Prime Minister Moustafa Madbouly’s House speech yesterday earned some airtime on DMC (watch, runtime: 05:42). We also have more on this in the Speed Round, below. The Egypt-Greece-Cyprus summit kicked off yesterday. President Abdel Fattah […]
Posted inSpeed Round
MPs slam economic reform program during Madbouly’s House statement
Prime minister’s statement to the House yesterday did little to dampen MPs’ criticism of government economic policy. The House of Representatives sharply and repeatedly criticized the government yesterday after Prime Minister Moustafa Madbouly gave a speech defending his economic record, Masrawy reports. Madbouly emphasized positive economic indicators brought about by the IMF-backed reform program during […]
Posted inSpeed Round
FinMin, Federation of Egyptian Industries committee finalize new Income Tax Act
EXCLUSIVE- FinMin’s new Income Tax Act would look to close loopholes enjoyed by multinationals, fully bring digital economy into the fold: The Finance Ministry is planning to introduce amendments to the tax code that would make it harder for foreign companies to sidestep Egyptian taxes, according to a copy of the proposed bill seen by […]
Posted inSpeed Round
Egypt’s BICC plans IPO within 3 years
IPO WATCH- BICC int’l school eyes IPO in the long term: The British International College of Cairo (BICC) plans to list on the stock exchange within the next three years, owner Ahmed Samir tells Al Mal. The New Cairo-based facility will inaugurate a EGP 450 mn branch in the new administrative capital in the next […]
Posted inSpeed Round
AFD earmarks EUR 1 bn for Egypt development projects over coming 4 years
The French Development Agency (AFD) has allocated EUR 1 bn to fund projects in Egypt over the coming four years, regional director Mathieu Vasseur said yesterday, according to the local press. Egypt has already received EUR 200 mn of the amount this year, Vasseur said, pointing out that the agency has recently begun focusing on […]