Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
LEGISLATION WATCH- Parliament changes-up proposed amendments to Real Estate Tax Act: The House Housing Committee has completed drafting a revised version of proposed amendments to the Real Estate Tax Act and has returned the bill to the Madbouly Cabinet for review, according to Al Masry Al Youm. The proposed changes appear to significantly water-down the […]
Author Archives: enterpriseam admin
Posted inSpeed Round
EFG Hermes sees 3Q2018 revenues surpass EGP 1 bn
EARNINGS WATCH- Regional financial services corporation EFG Hermes reported a net profit after tax and minority interest of EGP 279 mn in 3Q2018, up 18% y-o-y, the company said in a statement on Thursday. The group’s net revenues reached EGP 1.03 bn for the quarter, up 24% y-o-y over the same period last year, the […]
Posted inSpeed Round
El Demerdash appointed as CEO & MD of ADIB Capital
MOVES- Hatem El Demerdash (Linkedin) has been appointed the CEO and managing director at ADIB Capital, according to Al Mal. The finance industry veteran had previously served at ADIB Capital Investment Banking, Naeem Holding, Citi, and CIB.
Posted inSpeed Round
Masria Cards says it has no IPO plans in the medium term
CORRECTION- We had noted a story from Al Mal last Thursday that smart card supplier Masria Cards is considering an IPO on the EGX within the next two years. A top company exec tells us that Masria Cards is not planning an IPO in the medium term. The story has been removed from our website.
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 inTHE MACRO PICTURE
China’s Belt and Road initiative raising eyebrows, but going still
Five years after its launch, China’s Belt and Road Initiative is still “popular” in target countries despite issues that have infected an estimated 14% of the projects in the 88 mostly developing countries that are being invested in, Raffaello Pantucci writes in a guest post for the Financial Times. Pantucci points out that the most […]
Posted inImage of the Day
Egyptian artist Chant Avedissian passes away at age 67
Overlapping Ottoman, Bedouin, and Islamic motifs with cultural, political figures from Egypt’s Golden Age: From Om Kolthoum to Farid Al Atrash to Gamal Abdel Nasser, Egyptian-Armenian artist Chant Avedissian produced many iconic pieces that brought together pop culture with Egyptian folk culture. The artist, who passed away late last month at the age of 67 […]
Posted inEGYPT IN THE NEWS
Egypt beats Tunisia 3-2, Salah scores last-minute winner
Topping coverage of Egypt in the foreign press is Mo Salah leading the national football team to victory in our AfCON qualifier against Tunisia on Friday. Salah brought the final sore to 3-2 with a finesse shot in the 89th minute (watch, runtime: 1:37). The win brought Egypt on par with Tunisia in group points […]
Posted inEGYPT IN THE NEWS
Egypt human rights back on the radar of the foreign press
Egypt’s human rights were back in the foreign headlines on Thursday, with Human Rights Watch alleging that Sudanese opposition activist Mohamed Boshi had been abducted in Cairo and taken to Sudan. Sudanese authorities have reportedly admitted that they have Boshi, the Associated Press reports. Meanwhile, Amnesty International welcomed President Abdel Fattah El Sisi’s statement on […]
Posted inOn Deadline
Civil society members should actively engage in national dialogue over NGO Act
To effectively reform the contentious NGOs Act, the prevailing conception of NGOs as a thorn in authorities’ side must be done away with, Ziad Bahaa El Din writes for Al Shorouk. Bahaa El Din notes that this change in perception is the first stepping stone in creating a new version of the law that will […]