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Egyptian creditworthiness bureau iScore is planning to expand its operations into Africa and the Middle East during the next three years, CEO Mohamed Kafafi said, according to Al Mal. The agency is looking to either work with Egyptian companies operating in its target markets or directly with these countries’ governments. Talks are already ongoing with […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Gov’t to exclude some 500k ineligible families from Egypt’s social safety net
The government is planning to exclude at least 500k ineligible families from social safety programs by June 2019 to better ensure funds are directed to those in need, officials said. Officials will trim some 200k families from cash subsidy programs Takaful and Karama, and 300k others from other programs. As of last June, the Takaful […]
Posted inEgypt Politics + Economics
FRA releases memo to clarify year-end reporting for Egypt’s listed companies
The Financial Regulatory Authority (FRA) has released a memo clarifying the Capital Markets Act’s regulations on financial disclosures for listed companies, which must be submitted to the FRA and the EGX one month ahead of general assembly meetings, Al Mal reports.
Posted inON YOUR WAY OUT
Mohamed Salah to be on the cover of GQ Middle East
Groupies, rejoice: Mohamed Salah is gracing the cover of GQ Middle East’s next issue. In the accompanying interview, Salah credits his father for his unwavering support, gives advice to aspiring young Arab athletes, and talks about qualifying for the World Cup. Check out the full photoshoot for the cover story here.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.89 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 13,215 (+1.7%) Turnover: EGP 894 mn (11% above the 90-day average) EGX 30 year-to-date: -12.0% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
December: The government will announce the second phase of its privatization program before year-end, Public Enterprises Minister Hisham Tawfik said. The committee overseeing the state privatization program is also scheduled to hold a meeting next month to look into how market conditions developed since the privatization program was put on ice 18 December: The Planning […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 December 2018
The 2019 Enterprise Reader Survey is out. Among the key takeaways from poll, which we immodestly consider the largest survey of executive sentiment in Egypt: More of you think 2018 was a good year to do business in Egypt than not; You are generally optimistic about 2019… …but you’re less confident about the outlook than […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi’s trip to Austria leads the conversation on the airwaves
President Abdel Fattah El Sisi’s four-day trip to Austria, which kicked off yesterday, was in the limelight on the airwaves last night. Many of the talking heads fixated on the fact that this trip is the first to Austria by an Egyptian leader in 11 years. El Sisi is set to sign several agreements with […]
Posted inSpeed Round
The results of our Enterprise 2018 reader poll
The results are in: 2018 was (mostly) a good year in which to do business in Egypt — and you’re cautiously optimistic that 2019 is going to be better, the results of our end of year 2019 survey showed. 46% of the hundreds of readers who participated earlier this month in our 2019 Enterprise Reader […]