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EXCLUSIVE- Car assemblers safe as FinMin looks to close knock-down loophole: The Finance Ministry has instructed customs officials to charge the same duties on knocked-down imports they do on finished products in the same categories, Finance Ministry adviser and former Customs Authority head Magdy Abdel Aziz told Enterprise. The move is meant to close a […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Is 5G coming to Egypt in 2020?
Is 5G coming to Egypt in 2020? The National Telecommunications Regulatory Authority (NTRA) could start selling 5G spectra to Egypt’s four mobile network operators as early as 2020, NTRA acting head Mostafa Abdel Wahed said at the Cairo ICT expo on Sunday, Al Masry Al Youm reported. Abdel Wahed did not disclose further details on […]
Posted inSpeed Round
EIB agrees EUR 250 mn loan to Banque Misr to support SMEs
EXCLUSIVE- EIB inks EUR 250 mn loan to Banque Misr to support SMEs: The European Investment Bank (EIB) has signed a EUR 250 mn financing agreement with Banque Misr to support small and medium-sized enterprises (SMEs), an EIB source told Enterprise. This is the second tranche of a EUR 500 mn loan approved by the […]
Posted inSpeed Round
Parliament preliminarily approves legislation regulating Federation of Egyptian Industries
LEGISLATION WATCH- The House of Representatives gave preliminary approval yesterday to legislation regulating the Federation of Egyptian Industries (FEI) and referred the bill to the Council of State (Maglis El Dawla) for review before it goes to a final vote, Al Masry Al Youm reports. The legislation, if passed, would set regulations for the composition […]
Posted inSpeed Round
Egypt sells EGP 1.25 bn worth of T-bonds
The central bank sold EGP 1.25 bn-worth of treasury bonds on Monday, Finance Ministry data shows. Yields on the three-year T-bonds worth EGP 750 mn averaged 18.14%, while yields on seven-year T-bonds worth EGP 500 mn averaged 18%. Egypt had issued last week USD 2.57 bn-worth of treasury bonds in two tranches: A USD 860 […]
Posted inSpeed Round
Enterprise is hiring
** WE’RE HIRING: We’re looking for smart, talented, and seasoned journalists and editors to join our team at Enterprise, which produces the newsletter you’re reading right now. We’re looking for people who can work on this product and help us launch exciting new stuff. Applicants should have serious English-language writing chops, a strong interest — […]
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
AUC’s Business Forward Anniversary event takes place on Monday, 3 December at the New Cairo Campus’ Moataz Al Alfi hall in celebration of the knowledge portal’s launch one year ago. The event, headlined The DNA of Egypt’s Economy: A Look forward, is a series of talks by a lineup of guest speakers that includes Tourism […]
Posted inImage of the Day
UNHCR Egypt brings refugees, host community together for football tournament
UNHCR Egypt organized a football tournament that saw refugees play with Egyptians this past Friday at the Olympic Centre in Maadi. Players were drawn from Syria, Yemen, South Sudan, Sudan, Eritrea, Ethiopia, Somalia and Egypt. The game, put on with Terre des hommes, aimed to break down barriers between members of the capital city’s large […]
Posted inEGYPT IN THE NEWS
AP notes Egypt’s new human rights committee
Egypt’s new human rights committee gets heavy coverage in the foreign press: The Associated Press’ report on the Madbouly Cabinet’s recent approval to set up a permanent Human Rights Committee received widespread coverage in the foreign press. The report says the “new high-powered human rights watchdog agency” will focus on protecting the state, not Egyptians, […]