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Prime Holding is conducting a study on the consumer finance sector ahead of potentially setting up a new company, CEO Mohamed Maher told the local press without specifying a timeframe. Prime Holding recently acquired 10% of Al Tawfeek Leasing Company for EGP 29 mn.
Author Archives: enterpriseam admin
Posted inOther Business News of Note
El Moselhy, ITDA boss talk internal trade investments with Alhokair
Supply Minister Ali El Moselhy and Internal Trade Development Authority head Ibrahim Ashmawy met last week with Alhokair Group Managing Director Sheikh Abdulmohsen Alhokair to discuss potential investments in logistics complexes and retail chains in Egypt, according to the local press.
Posted inEgypt Politics + Economics
El Sisi approves EUR 63.6 mn funding from the European Commission
President Abdel Fattah El Sisi has approved a EUR 63.6 mn funding agreement with the European Commission to help Egypt tackle challenges caused by migration, according to Veto Gate. Egypt had signed the funding agreement with the commission in October of last year.
Posted inEgypt Politics + Economics
FinMin sets up committee to draft Egypt’s new income tax law
The Finance Ministry has set up a 13-member committee to draft a new income tax law during the current fiscal year, according to a decision seen by Al Mal. The committee will be led by Ramadan Seddik, advisor to the finance minister on tax policy, and Osama Tawakol, advisor to the minister on tax appeals. […]
Posted inON YOUR WAY OUT
Google Doodle celebrates life of actress Madiha Kamel
Google paid tribute to Alexandria-born actress Madiha Kamel yesterday, with a Google Doodleon what would have been her 73rd birthday. Kamel was well-known for her acting and her dancing in the 60s and 70s, starring in Egyptian and Lebanese films including 30 Days in Prison, Love and Pride, and Climbing to the Bottom. Kamel’s career […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.49 | Sell 16.61 EGP / USD at CIB: Buy 16.5 | Sell 16.6 EGP / USD at NBE: Buy 16.53 | Sell 16.63 EGX30 (Thursday): 13,525 (+1.00%) Turnover: EGP 502 mn (15% below the 90-day average) EGX 30 year-to-date: +3.8% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
August: Meetings of the Egyptian-Belarussian Committee for trade, economic, scientific and technical cooperation, Minsk. August: The National Railway Authority is expected to sign a 15-year maintenance agreement for 1,300 railcars it had agreed to purchase from Russia’s Transmashholding under a EGP 22 bn contract. 3-4 August (Saturday-Sunday): Fab15 Festival, Tours, and Conference Closing, Greek Campus, […]
Posted inWhat We're Tracking Today
What we’re tracking on 1 August 2019
Don’t ask us how, but we’re two-thirds of the way through the summer. June and July seem to have whizzed by, and at this rate, August promises to do the same. With a brand new month comes a handful of news triggers coming up over the next several days: Foreign reserves: The CBE is due […]
Posted inEnterprise+: Last Night’s Talk Shows
Second day of National Youth Conference occupies Egypt’s talking heads
The National Youth Conference continued to occupy the talking heads on an otherwise bland night on the airwaves. Mohamed Salah’s nomination among the world’s top 10 footballers also got some attention. The conference’s “Decent Life” session was the highlight of the second and final day. President Abdel Fattah El Sisi said during that Egypt’s economic […]