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LEGISLATION WATCH- Maglis El Dawla completes review of SMEs, customs acts: The Council of State (Maglis El Dawla) has completed its review of proposed SMEs and customs acts and has sent them back to the Madbouly Cabinet for approval, unidentified sources tell the local press. Once Cabinet signs off on the bills, they will be […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt’s House Econ Committee to hold consultations on Consumer Credit Act with industry stakeholders
LEGISLATION WATCH- House to hold consultations on Consumer Credit Act with industry stakeholders: The House Economic Committee will begin holding hearings within the next few days on the government’s proposed Consumer Credit Act, inviting members of the Federation of Egyptian Industries, Federation of Egyptian Chambers of Commerce, and the Egyptian Union for Investors Associations to […]
Posted inSpeed Round
Egypt’s market regulator drafts proposed amendments to rules on clearing companies
REGULATION WATCH- Market regulator drafting changes to rules on clearing companies: The Financial Regulatory Authority’s (FRA) board of directors agreed last week to put forth proposed amendments to the law governing clearing and depository companies, according to a FRA statement (pdf). The proposed amendments include allowing companies to receive licenses from the FRA to provide […]
Posted inSpeed Round
CBE to cut rates by another 400 bps by end of 2020 -HC Securities
CBE to cut rates by another 400 bps by end of 2020 -HC Securities: The Central Bank of Egypt will cut rates by 100 bps in 4Q2019 before making 300 bps worth of cuts in 2020, HC Securities & Investment writes in a report to clients. The return to easing will be a “catalyst” to […]
Posted inSpeed Round
Egypt preparing for US-led Palestinian economic development workshop in Bahrain
A two-day US-led workshop to “promote Palestinian economic development” begins tomorrow in Manama, Bahrain. An Egyptian delegation led by an as-yet-unnamed vice finance minister will attend the event, which is being held to discuss the Trump administration’s economic plan to restart the Israeli-Palestinian peace process. Who else is attending? Officials from GCC states, Jordan and […]
Posted inSpeed Round
CORRECTION- We mistakenly wrote yesterday morning that bitcoin’s value breached the USD 15k mark. The cryptocurrency’s value climbed above USD 10k. H/t Kamal E. and Nagui C.T.
Posted inSpeed Round
** WE’RE HIRING: We’re looking for smart, talented journalists and analysts to join our team and help us make both the product you’re reading now and some exciting new stuff. We’re particularly interested in people with writing plus either audio or video skills. Interested? Send your CV along with 2-3 writing samples and a solid […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inTHE MACRO PICTURE
Has Saudi Arabia’s inclusion among MSCI EM’s actually hurt the index?
Has Saudi Arabia’s inclusion among MSCI EMs actually hurt the index? The highly anticipated inclusion of Saudi stocks in the MSCI Emerging Markets Index has fueled a rally on the Tadawul, raising both inflows and valuations — but these have not been accompanied by a rise in earnings. On the contrary, the earnings outlook for […]
Posted inON THE FRONT PAGES
Websites of all three state-owned dailies are down this morning
The websites of all three state-owned dailies were down at dispatch time this morning. Check back here tomorrow for the front pages.