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Welcome to another workweek, ladies and gentlemen — and to week two of Ramadan. Driving the agenda this week (caffeine withdrawal aside): Earnings season will hit a crescendo. Results from those companies that have so-far reported have been generally solid; The prognostication begins ahead of the central bank’s meeting on Thursday, 23 May to set […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Our daily roundup of last night’s talk shows is still on hiatus while the nation’s talking heads take their annual Ramadan break.
Posted inSpeed Round
Egypt is studying sweeping changes to tax legislation
EXCLUSIVE- Gov’t studying significant tweaks to income tax legislation: The government has begun drafting changes to the Income Tax Act to bring the legislation in line with international standards, Tax Authority boss Abdel Azim Hussein tells Enterprise. Don’t expect higher taxes: Hussein was careful to note that no changes are in the works to tax […]
Posted inSpeed Round
Egypt’s annual inflation falls to 13%
Inflation unexpectedly cooled in April: The annual headline rate of inflation fell to 13.0% in April from 14.2% in March, the lowest rate since the start of the year, according to central bank figures (pdf). Data shows that month-on-month inflation fell to 0.5% last month from 0.8% in March, while annual core inflation fell to […]
Posted inSpeed Round
Egypt’s foreign debt rises to USD 96.6 bn in 2Q2018-19
Egypt’s foreign debt rises to USD 96.6 bn in 2Q2018-2019: The nation's foreign debt rose 16.5% y-o-y to USD 96.6 bn in 2Q2018-2019, up from USD 82.9 bn in the same period a year earlier, according to central bank data. External debt rose 3.7% on a quarterly basis from USD 93.1 in 1Q2018-2019.
Posted inSpeed Round
EAEF makes its first investment in Egypt’s education sector with significant minority stake acquisition
M&A WATCH- EAEF makes its first investment in Egypt’s education sector: Our friends at the Egyptian-American Enterprise Fund (EAEF) have acquired a significant minority stake in education management company Advanced Education for the Establishment, Management, and Ownership of Educational Facilities, according to a press release (pdf). The company, which manages and operates blended learning and […]
Posted inSpeed Round
Medical tourism legislation could add USD 1 bn to Egypt’s annual tourism receipts
LEGISLATION WATCH- Medical tourism legislation could lay the groundwork for a USD 1 bn industry: A proposed law to promote and regulate medical tourism in Egypt could bring in at least 250k more tourists and USD 1 bn in hard currency each year, Egypt Medical Tourism head Abdel Aaty El Manaei said, according to Al […]
Posted inSpeed Round
Egypt’s new Aswan special economic zone receives 48 investor requests worth USD 60 mn
INVESTMENT WATCH- New Aswan SEZ receives 48 investor requests worth USD 60 mn: The planned special economic zone (SEZ) in New Aswan has attracted 48 investor requests to develop USD 60 mn-worth of industrial land, according to an Investment Ministry statement (pdf). The early requests are expected to cover 44.6% of the 187-feddan zone’s investment […]
Posted inSpeed Round
Enterprise is hiring a podcast producer
** WE’RE HIRING: We’re looking for a podcast producer with a strong track record with audio production. The ideal candidate will have experience and background in audio production and journalism. This includes familiarity with audio production software, such as Adobe Audition. A background in business / economics / finance, and/or entrepreneurship and technology is also […]