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Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
We’re nearing the end of Ramadan, which means the return of the talking heads will be upon us soon enough.
Posted inSpeed Round
Edra and Blackstone’s Zarou express interest in operating Siemens power plants
INVESTMENT WATCH- Blackstone portfolio company and Edra express interest in operating Siemens power plants: Blackstone Group’s Zarou and Malaysian company Edra Power Holdings have both expressed an interest in taking over the operation of the three Siemens-built, combined-cycle power plants inaugurated in July, Electricity Minister Mohamed Shaker told Bloomberg, adding that both offers were under […]
Posted inSpeed Round
FinMin, Egyptian bourse are in “serious talks” over amending capital gains tax framework
EXCLUSIVE- FinMin, EGX are in “serious talks” to bring in a capital gains tax next year: The Finance Ministry and EGX are working on potential scenarios for the implementation of a capital gains tax on stock market transactions when the levy comes back into effect next year, EGX boss Mohamed Farid tells Enterprise. The Egyptian […]
Posted inSpeed Round
Egypt’s Youssef & Partners acquires corporate practice Moharram Law Firm
M&A WATCH- Youssef & Partners acquires corporate practice Moharram Law Firm: Our friends at Cairo-based arbitration firm Youssef & Partners have made a move into the corporate and transactions space with their acquisition of Moharram Law Firm, an Egyptian corporate-focused office, Youssef & Partners announced yesterday. Founding Partner Mahmoud Moharram (bio) will now be taking […]
Posted inSpeed Round
Edita installs Freska EGP 14 mn new production line in 6 October factory
Edita has installed a new Freska wafer production line at a cost of some EGP 14 mn inits E08 factory in the Polaris Al Zamil district in 6 October, the country’s largest snack food maker said in a press release (pdf). This came with the launch of Freska Pops, a new rolled cocoa wafer product […]
Posted inSpeed Round
Coca Cola appoints new general manager in Egypt
MOVES- Coca Cola Egypt has appointed Ahmed Rady (LinkedIn) as general manager, Masrawy reported. Rady has been working for the company for 20 years and previously served as General Manager for East Africa.
Posted inSpeed Round
State Council to complete reviewing customs and SMEs acts this week
LEGISLATION WATCH- Maglis El Dawla to finalize review of draft customs and SMEs acts this week: The Council of State (Maglis El Dawla) is expected to finish reviewing the draft customs and SMEs acts this week and send them to Cabinet before Eid El Fitr, the local press reports. Sources claim the council will hold […]
Posted inSpeed Round
Egypt could lower discounted customs exchange rate to EGP 15 on 1 June
The government could slash the discounted customs exchange rate to EGP 15 from EGP 16 from 1 June on the back of the recent strengthening of the EGP against the greenback, an anonymous official told Youm7. The EGP hit fresh two-year highs against the greenback last week, breaking the EGP 17 / USD 1 barrier […]
Posted inSpeed Round
FRA issues non-banking financial service e-payment regs
REGULATION WATCH- FRA issues e-payment regulations for non-banking financial services: The Financial Regulatory Authority (FRA) has issued new regulations to ensure all non-banking financial service providers use non-cash methods when making or receiving payments exceeding the EGP 500 threshold specified by the recently-approved E-Payments Act, according to an FRA statement. The FRA-regulated providers will have […]