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STARTUP WATCH- PrintX raises USD 150k from Saudi investor: Cairo-based printing services startup PrintX has raised USD 150k from a Saudi-based angel investor, Menabytes reports. The company plans to use some of the capital to establish an online platform to provide on-demand printing services for individuals and businesses. The service will allow customers to preview […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Non-banking financial services set to attract investment and drive growth in Egypt
Beltone sees scope for growth in Egypt, looks to regional expansion: Egypt has become a hub for attracting investment, especially in fixed income, thanks to the attractiveness of its carry trade and the success of its economic reform program, Beltone Financial’s Executive Chairman Maged Shawky told Bloomberg TV (watch, runtime 04:11). With the region’s fastest […]
Posted inSpeed Round
FEI suggests amendments to Income Tax Act
LEGISLATION WATCH- FEI suggests changes to Income Tax Act: The Federation of Egyptian Industries (FEI) is lobbying the Finance Ministry for changes to the Income Tax Act, the local press reported. Among the amendments is a proposal to give a tax cut to low income earners by tripling the tax exemption threshold to EGP 24k […]
Posted inSpeed Round
Tourism federation, House drafting tourism licensing legislation
LEGISLATION WATCH- New Tourism Act coming? The Egyptian Tourism Federation (ETF) is coordinating with the House of Representatives’ Tourism and Civil Aviation Committee to prepare draft legislation on tourism licensing, ETF head Ahmed El Wassif said. The legislation would simplify licensing procedures and name the entity that is to be in charge of issuing licenses […]
Posted inSpeed Round
Maait denies auto development tax
Maait denies auto development tax: Finance Minister Mohamed Maait yesterday denied our report that his ministry is considering a new development tax on locally-produced and imported cars. Our report was based on interviews with two senior government officials who have historically proven accurate and trustworthy.
Posted inSpeed Round
Bupa Egypt appoints Mohamed Bazzi as managing director
MOVES- Bupa Egypt has appointed Mohamed Bazzi (LinkedIn) as managing director, replacing Abeer Helmy, Al Mal reported.
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Egypt in the News on 1 October 2019
El Sisi promises to support low-income citizens: The government is working on measures to shore up the social safety nets and help “protect the rights” of low-income citizens affected by subsidy cuts, President Abdel Fattah El Sisi wrote on Twitter yesterday. The foreign press, including the Associated Press, took note of the message in light […]
Posted inWorth reading
Rajia Hassib’s ‘A Pure Heart’ explores identity in post-2011 Egypt
Rajia Hassib’s ‘A Pure Heart’ explores complex ideas about identity in post-2011 Egypt: Egyptian novelist Rajia Hassib’s most recent work, A Pure Heart, unpacks the challenges of reconciling the multiple, often contradictory, facets of an individual’s personality through the stories of two sisters in the context of post-2011 Egypt. The novel has been met with […]
Posted inDiplomacy + Foreign Trade
Egypt, EAEU to hold new round of trade talks this month
New round of EAEU trade agreement talks: Egypt and the Eurasian Economic Union (EAEU) will resume on Saturday talks over a trade agreement that would also see the creation of freetrade zones in Egypt, head of the Egyptian Commercial Service Authority Ahmed Antar tells Mubasher. Trade and Industry Minister Amr Nassar had said at the […]