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Prime Minister Moustafa Madbouly has ordered that a committee be formed to study the restructuring of the Tax Authority into an entity independent from the Finance Ministry, Al Masry Al Youm reported. The move would place the authority under the supervision of the cabinet and include administrative and staffing changes as well as the introduction […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
New adaptation of Death on the Nile is underway, with some scenes being filmed in Egypt
Some scenes from a new adaptation of Agatha Christie’s famous novel Death on the Nile will be filmed in Egypt, Egyptian Streets reports. The film, set in 1930s Egypt, is due to be released in October 2020. The first film adaptation of the popular crime mystery was in 1978, with scenes shot at the Old […]
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 (Thursday): 14,218 (-1.1%) Turnover: EGP 899 mn (30% above the 90-day average) EGX 30 year-to-date: +9.1% THE MARKET ON THURSDAY: 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 3 October 2019
It’s a very meaty issue for you today as we head into a nice long weekend ahead of us: Prime Ministry Moustafa Madbouly confirmed yesterday that Sunday is off in observance of Armed Forces Day. The stock exchange will be closed, and the Manpower Ministry declared it will be a paid vacation day for both […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi shows love to SMEs, Fayoum workshop kicks off
To say that last night was quiet on the airwaves would be the understatement of the year: El Sisi shows love to SMEs: President Abdel Fattah El Sisi inaugurated a handicraft exhibition yesterday as part of a national strategy to support SMEs, Al Hayah Al Youm’s Khaled highlighted (watch, runtime: 09:39). Environment Ministry goes to […]
Posted inSpeed Round
Egypt’s cabinet approves new Banking and Central Bank Act
LEGISLATION WATCH- Cabinet greenlights Banking Act: The Madbouly Cabinet has approved in its weekly meeting a 242-article final draft of the Banking and Central Bank Act that would grant the Central Bank of Egypt (CBE) increased oversight of the banking sector, according to a cabinet statement. The draft will now head to the Council of […]
Posted inSpeed Round
Egypt imposes 20% cap on foreign ownership of private schools
Egypt imposes 20% cap on foreign ownership of private schools: Education Minister Tarek Shawki imposed a 20% cap on foreign investor ownership of private schools, according to a decree seen by the press. The cap applies to all foreigners, including dual-passport holders, funds, entities and authorities. Investors will need to present documents outlining their ownership […]
Posted inSpeed Round
HHD invites investors to qualify for 10% stake purchase, management role
HHD begins hunt for private partner to take over company management: Heliopolis Housing and Development (HHD) has invited private investors to qualify as eligible bidders to take over the state-owned real estate developer’s management and acquire a 10% stake as part of its share sale process, according to an EGX disclosure (pdf). HHD is lined […]