Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
M&A WATCH- Dragon Oil agrees to acquire BP’s Gulf of Suez assets: BP reached an agreement to divest its interests in Gulf of Suez oil concessions in Egypt to Emirates National Oil Company’s (ENOC) subsidiary Dragon Oil, BP said in a statement. Under the terms of the agreement, which is subject to approval from the […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Russia may resume charter flights to Egypt this year
Russia could resume charter flights to Egypt this year, the country’s industry and trade minister, Denis Manturv, said on Friday, according to a report by Sputnik Arabic. Mantruv made his comments on the sidelines of the International Economic Forum in St. Petersburg following a meeting with Trade Minister Amr Nassar the previous day. Typical Russian […]
Posted inSpeed Round
Egypt’s SWF joins international wealth fund body
Egypt Wealth Fund joins international industry body: Egypt’s sovereign wealth fund has joined the International Forum of Sovereign Wealth Funds (IFSWF) as an associate member, the IFSWF said in a statement. Associate membership is granted for three years and will require the Egyptian fund to implement the Santiago Principles, which consist of 24 principles that […]
Posted inSpeed Round
Companies will need to file their taxes online from 2020
REGULATION WATCH- Companies to file taxes online starting 2020 — or else: The Finance Ministry amended the executive regulations of the Income Tax Act to make it mandatory for companies to file their taxes online starting from January 2020, the ministry said in a statement.
Posted inSpeed Round
State Council adjourns Medhat Khalil’s lawsuit against FRA to July
DISPUTE WATCH- Medhat Khalil seeks Justice Ministry intervention in dispute with FRA: Raya Holding’s Chairman Medhat Khalil filed a request with the Justice Ministry’s dispute resolution committee to mediate in ongoing disputes with the Financial Regulatory Authority (FRA). Khalil is looking to cut down or overturn fines (details below) in connection with a mandatory tender […]
Posted inSpeed Round
Egypt’s foreign reserves inch up in May
Foreign reserves inch up to USD 44.27 bn at end-May: Egypt added USD 112 mn to its reserves base in May to close the month at USD 44.274 bn compared to USD 44.218 bn at end-April, the central bank said. The central bank had made debt payment of USD 406 mn to African Export-Import Bank […]
Posted inSpeed Round
Egypt’s GDP to grow 5.5% over the coming two years -FocusEconomics
Egypt’s GDP will grow at a 5.5% clip in FY2019-2020 and FY2020-2021, according to forecasts from FocusEconomics. The company’s latest outlook predicts that growth will be driven by an uptick in consumption and fixed investment over the coming two years. However, “still-fragile government finances, an uncertain global trading environment and internal security problems” will continue […]
Posted inSpeed Round
Terrorist raid on police checkpoint in Egypt’s Arish kills eight policemen
A terrorist attack on a police checkpoint west of Al Arish killed eight members of the security force on duty early Wednesday, the Interior Ministry announced. Five terrorists were killed in the attack. Daesh later assumed responsibility via its Amaq outlet, according to Reuters. The ministry announced later in the day it had infiltrated a […]
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 people with writing plus either audio or video skills. Interested? Send your CV along with 2-3 writing samples and a solid cover […]
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 […]