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Astronomers intercept radio frequencies 1.5 bn light years away: A telescope in Canada has reportedly picked up 13 bursts of radio waves, or FRBs, from a source in outer space 1.5 bn light years away, BBC reports. FRBs are short flashes of bright radio frequencies appearing to originate from deep space. Theories on what caused […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.87 | Sell 17.96 EGP / USD at CIB: Buy 17.89 | Sell 17.96 EGP / USD at NBE: Buy 17.79 | Sell 17.89 EGX30 (Wednesday): 13,366 (-0.3%) Turnover: EGP 1,035 mn (30% above the 90-day average) EGX 30 year-to-date: +2.5% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
10-13 January (Thursday-Sunday): International Property Show (IPS), Egypt International Exhibition Center. 17 January (Thursday): Talent in the Digital Era, Galleria40, Cairo, Egypt. 19 January (Saturday): Cairo Criminal Court scheduled hearing of Gamal and Alaa Mubarak’s stock market manipulation case. 20 January (Sunday): Cairo Court of Urgent Matters to hear an amendment to the constitutional to […]
Posted inWhat We're Tracking Today
What we’re tracking on 9 January 2019
For those whose real estate agents have convinced them the bottom side of a rock is the best place to live: We’re hosting the African Cup of Nations 2019, which will run from 15 June to 13 July 2019. Those unfortunate to not have been here in 2006 when Egypt was both host and winner […]
Posted inEnterprise+: Last Night’s Talk Shows
Are zero customs on EU cars helping lower prices?
Are zero customs on EU cars helping lower prices? Egypt hosting the 2019 African Cup of Nations (AFCON) dominated the airwaves last night (and we have that coverage in the SR below), but what’s really got us interested is Hona Al Asema’s look at the impact of customs on European cars falling to zero on […]
Posted inSpeed Round
Tax Authority not looking to impose 10% capital gains tax on all Egypt’s corporates
EXCLUSIVE- Tax Authority not looking to impose 10% capital gains tax on all corporates: The Tax Authority is not planning to impose an across-the-board 10% capital gains tax on all corporates, authority head Abdel Azim Hussein tells Enterprise. According to Hussein, the proposed amendments to the Income Tax Act that look to unify the capital […]
Posted inSpeed Round
Egypt to be among world’s top 10 economies by 2030
Standard Chartered sees Egypt as one of world’s top 10 economies in 2030: Egypt will be one of the world’s top 10 economies by 2030, Standard Chartered said, according to Bloomberg (watch, runtime 01:07). The long-term forecast by Standard Chartered, which uses purchasing power parity exchange rates and nominal GDP to predict the world’s GDP […]
Posted inSpeed Round
Finance Ministry moves ahead with tender for Egypt’s eurobond managers, legal advisors
EXCLUSIVE- FinMin moves ahead with tender for eurobond managers, legal advisors: The Finance Ministry has received the green light from Cabinet to move ahead with issuing a tender for investment banks and law firms to act as joint lead managers and legal advisors for Egypt’s upcoming eurobond issuance, a senior government official tells Enterprise. The […]
Posted inSpeed Round
Italy’s Azimut Group acquires 100% Rasmala Egypt Asset Management
M&A WATCH- Italy’s Azimut Group acquires 100% of Rasmala subsidiary: Italy-based asset manager Azimut Group inked an agreement yesterday to acquire 100% of Rasmala Egypt Asset Management (REAM) from its parent company Rasmala Group, according to a company press release (pdf). REAM, one of Egypt’s largest independent asset managers, will be renamed Azimut Egypt Asset […]