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Egypt’s reform program is nearly over as FY2018-2019 results show fiscal improvements -Maait: Egypt is set to complete its economic reform program soon, and the country’s improved macroeconomic indicators and better-than-expected fiscal performance in FY2018-2019 confirm that the reforms are on the right track, Finance Minister Mohamed Maait said yesterday at a gathering organized by […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Car manufacturers say floating customs exchange rate adds more burdens on the industry
Floating customs exchange rate adds to car manufacturers’ concerns: The government’s recent move to float the customs exchange rate presents additional obstacles for local car assemblers and could lead to more price increases in an already troubled market, Egyptian Automobile Manufacturers Association (EAMA) spokesman Khaled Saad told Al Mal. No distinction has been made on […]
Posted inSpeed Round
Egyptian state-owned e-Finance roadshow to kick off before Christmas
IPO WATCH- e-Finance roadshow to kick off before Christmas: Advisors on the planned initial public offering of state-owned payments platform e-Finance are planning to kick off a roadshow before Christmas to drum up investor interest and brief them on the company’s business and management, sources close to the matter said. The “introductory” roadshow, which will […]
Posted inSpeed Round
What’s going on with Egypt’s repayment of the Suez Canal certificates?
What’s going on with the Suez Canal certificate payments? Reports emerged in the local press yesterday claiming that the Finance Ministry intends to issue EGP 64 bn-worth of debt instruments to pay the holders of five-year Suez Canal certificates of deposit (CD), which mature this Thursday. Unnamed government sources speaking to the press said that […]
Posted inSpeed Round
Increased freezone fees threaten Egypt’s investment climate: MP
Increased freezone fees threaten Egypt’s investment climate, says Faragalla Group chairman: The General Authority for Investment’s (GAFI) decision to increase utilization fees for investors in freezones could have negative consequences on the investment climate in Egypt, warns Faragalla Group Chairman Farag Amer, according to Ahram Online. GAFI last week agreed to increase fees on freezone […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
The Gulf is expanding its role in Africa
The Gulf is expanding its role in Africa: Japan’s recent pledge to invest USD 20 bn in Africa in the coming three years speaks to a growing global interest in new investment openings throughout the continent, driven by its abundant natural resources, rapid population growth, and huge economic potential in underdeveloped markets. Alongside the traditional […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 4 September 2019
It is such a slow news day for Egypt in the foreign press that the only story to note this morning is a piece in Arab News on Egyptian jewelry designer Doaa Mohsen showcasing her Egyptian architecture-inspired line at an event in London.
Posted inDiplomacy + Foreign Trade
Egypt’s El Sisi meets IMF top job candidate Georgevina
El Sisi meets World Bank chief executive, IMF chief candidate Georgevina: President Abdel Fattah El Sisi held talks yesterday with Bulgaria’s Kristalina Georgieva, who made a stop in Egypt as part of her international tour to gain support for her nomination to head the International Monetary Fund (IMF). The meeting saw El Sisi and Georgevina, […]
Posted inDiplomacy + Foreign Trade
Egypt’s president discusses relations, Africa with Guinean FM visiting Cairo
El Sisi meets with Guinean FM in Cairo: President Abdel Fattah El Sisi discussed bilateral relations, the latest developments in Africa, and Egypt’s priorities as this year’s chair of the African Union in a meeting with Guinea’s Foreign Minister Mamadi Touré, according to an Ittihadiya statement.