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Egypt lost to Nigeria in yesterday’s football friendly as both sides kicked off preparations for the upcoming African Nations Cup tournament, reports Ahram Online. The Egyptian side was more concerned with setting records though: Nigeria scored the second fastest goal in the history of international football, taking them less than 8 seconds to seal the […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.24 | Sell 17.34 EGP / USD at CIB: Buy 17.23 | Sell 17.33 EGP / USD at NBE: Buy 17.24 | Sell 17.34 EGX30 (Tuesday): 14,637 (-0.2%) Turnover: EGP 832 mn (11% below the 90-day average) EGX 30 year-to-date: +12.3% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
28 March (Thursday): Central Bank of Egypt’s monetary policy committee will meet to review interest rates. 28-30 March (Thursday-Saturday): International Conference on Advanced Machine Learning Technologies and Applications, Venue TBD, Cairo, Egypt. 30 March (Saturday): Traders Fair, Nile Ritz Carlton, Garden City, Cairo, Egypt. 30-31 March (Saturday-Sunday): International Conference on Architecture Engineering and Technologies, Grand […]
Posted inWhat We're Tracking Today
What we’re tracking on 26 March 2019
Forty years ago today, we made peace with Israel as President Anwar El-Sadat and Israeli PM Menachem Begin signed a peace treaty in Washington, DC. Two generations of children have been spared war as a result. Check out the New York Times’ coverage from the day the treaty was signed, go look at this great […]
Posted inEnterprise+: Last Night’s Talk Shows
Econ and business were the talk of the town last night
A cabinet infographic highlighting positive economic indicators stole the show on the airwaves last night: Al Hayah Al Youm’s Lobna Assal drew attention to the investment figures, which showed that total public and private investments in reached EGP 721.1 bn in FY 2017-18, up from EGP 514.3 bn the previous year. Foreign direct investment, meanwhile, […]
Posted inSpeed Round
Egypt approaches consensus on tax incentive framework for medium-sized enterprises
EXCLUSIVE- Gov’t closing in on tax incentives to convince medium-sized enterprises to go legit: The finance and trade and industry ministries are approaching an agreement on tax incentives for medium-sized enterprises to encourage them to join the formal economy, a senior government official told us. These entities — which the SMEs Act would define as […]
Posted inSpeed Round
Egypt’s FinMin to announce specifics of healthcare tithe this week
FinMin to announce final specifics of healthcare tithe this week: The Finance Ministry will announce this week its final framework for the 0.25% levy businesses will be required to pay this year to finance the national healthcare system under the Universal Healthcare Act, according to a domestic press report citing unnamed government sources. Among the […]
Posted inSpeed Round
Investec in talks to acquire Spinneys Egypt
M&A WATCH- Investec is doing due diligence on Spinneys Egypt ahead of a potential acquisition, Al Mal reports. If concluded, the transaction would be Investec’s first acquisition in Egypt. Five private equity firms, including Ezdehar, had been looking to acquire Spinneys from Abraaj Group following the PE giant’s collapse last year. Advisors: Pharos Holding was […]
Posted inSpeed Round
Petroceltic files for arbitration over dispute with EGPC
DISPUTE WATCH- Petroceltic files for arbitration over dispute with EGPC: UK petroleum company Petroceltic has filed an arbitration case against state-owned Egyptian General Petroleum Corporation at the World Bank International Center for Settlement of Investment Disputes, the company said in a statement. Petroceltic said last month that is was planning to call for arbitration over […]