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EXCLUSIVE- More on tax exemptions to encourage small businesses to go legit: The government is mulling exempting small and medium enterprises from up to 85% of their (already low) tax burden for a period of three years in an attempt to incentivize businesses in the informal economy to go legit under the proposed SMEs Act, […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Yields plunge at government T-bills auction
Yields plunge at government t-bill auction: Average yields on three-month and nine-month t-bills fell at the Central Bank’s auction yesterday to 17.453% and 17.686%, respectively, from 18.202% and 18.543% at the last auction, central bank data shows. That said: The central bank sold only EGP 102.95 mn worth of three-month notes compared to a target […]
Posted inSpeed Round
GAFI amends governance regs for subsidiaries of state-owned companies
REGULATION WATCH- GAFI amends governance regs for subsidiaries of state-owned companies: The General Authority for Investments (GAFI) has amended corporate governance regulations for companies whose shareholders include a state-owned companies holding a minimum stake of 25%, Al Mal reports. The new guidelines mandate that these companies hire an auditor other than CAPMAS (as is the […]
Posted inSpeed Round
SODIC looking to invest c.EGP 5.17 bn in 2019
INVESTMENT WATCH- SODIC aims to invest about EGP 5.17 bn in 2019, the upmarket real estate developer said in an EGX disclosure (pdf). SODIC also expects to make EGP 7.20 bn in customer contracts and deliver 1,151 units worth about EGP 5.15 bn in 2019.
Posted inSpeed Round
Shuaa Securities Egypt expands its research, analytics task force
Shuaa Securities Egypt is expanding its research and analytics task force to provide its clients with “more in-depth analysis of market intelligence and trends,” according to an emailed statement (pdf). “Shuaa Securities - Egypt and Shuaa Capital psc will be publishing a series of company- and sector- specific research during 2019, aimed at offering our […]
Posted inSpeed Round
Late journalist Mohamed Hassanein Heikal’s personal library to be transferred to Egypt’s Bibliotheca
Late journalism icon Mohamed Hassanein Heikal’s entire personal library will be transferred to Bibliotheca Alexandrina under an agreement Heikal’s widow signed yesterday, Ahram Online reports. “Under the agreement, Heikal’s books, personal papers and belongings, in addition to his desk, will be kept at the Bibliotheca on public display.” Heikal, a veteran journalist and commentator who […]
Posted inSpeed Round
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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 inUp Next
What we’re tracking this week and beyond
Antitrust ruling: The Cairo Economic Court is due to deliver a decision on an appeal by pharma distributors of an antitrust fine on Tuesday. The Egyptian data satellite Egypt Sat A will be launched on 21 February, local press reported. The satellite manufactured in Russia in cooperation with Egypt will be launched from Russian spaceport […]
Posted inImage of the Day
Giza pyramids turned into marathon venue
Friday saw the Giza pyramids complex converted to a marathon venue for a “race through history” in an event organized by The TriFactory. The marathon brought together professional and amateur runners in an effort to promote sports tourism, reports Reuters.