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A misdemeanor court sentenced retired footballer Mohamed Aboutrika in absentia to one year in prison for tax evasion, Al Ahram reports. The court found Aboutrika guilty of failing to pay EGP 710,000 in taxes for advertising deals in 2008 and 2009.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
US hosts seminars across Egypt in celebration of entrepreneurship week
The US embassy in Cairo is hosting workshops for entrepreneurs to mark Global Entrepreneurship Week, the embassy announced in a statement. The events, which will feature discussions on business development, branding, e-commerce, and other issues pertaining to entrepreneurs, will be held in Cairo, Alexandria and Upper Egypt, at Cairo’s Maadi Public Library’s American Corner, the […]
Posted inON YOUR WAY OUT
Google Doodle celebrates Egyptian star Hind Rostom’s 87th birthday
Google celebrated yesterday Egyptian actress Hind Rostom 87th birthday with a Google Doodle sketch. Rostom passed away in 2011, aged 79, after having been an A-lister for 30 years all the way through retirement in 1979. Her rich career and elegant physical appearance earned her the designation “First Lady of Egyptian Cinema,” and the nickname […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.9556+EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 13,678 (+0.8%) Turnover: EGP 1.7 bn (130% above the 90-day average) EGX 30 year-to-date: -8.9% THE MARKET ON MONDAY: The EGX30 ended Monday’s […]
Posted inCALENDAR
12-13 November (Monday-Tuesday) Mesia Solar Trade Mission, Cairo Marriott Hotel & Omar Khayyam Casino, 16 Saray El Gezira Street, Zamalek, Cairo, Egypt 13-29 November (Tuesday-Thursday): UN Biodiversity Conference, Sharm El Sheikh, Egypt. 14 November (Wednesday): Egypt M&A and Private Equity Forum, Nile Ritz Carlton Hotel, Cairo, Egypt. 14-15 November (Wednesday-Thursday) Digitalisation: opportunities for innovation in […]
Posted inWhat We're Tracking Today
Ten out of 10 economists we surveyed expect interest rates to be left on hold when the central bank meets this coming Thursday. Read more in our inaugural poll of economists in this morning’s Speed Round, below. You’re about to pay more taxes, including a new levy on your top line. There’s plenty of bad […]
Posted inWhat We're Tracking Today
What we’re tracking on 12 November 2018: Dana Rohrabacher, oil production cuts, active fund managers and Saudi miscellany
One of Egypt’s best friends in Congress has lost his re-election bid. Rep. Dana Rohrabacher, the long-serving Republican from California, has narrowly lost his bid to stay in office. Rohrabacher penned a late 2016 letter declaring that President Abdel Fattah El Sisi a friend of the United States and a “defender of all the good […]
Posted inWhat We're Tracking Today
The prince, Egyptian ‘businessman’ and the Bollywood star
It sounds like the opening line to a bad joke: A Bahraini prince, an Egyptian ‘businessman’ and a Bollywood star walk into a… An Egyptian ‘businessman’ in Dubai is suing a Bahraini royal who allegedly backed out of a USD 33 mn pact to meet Bollywood actors. One Ahmed Adel Abdallah Ahmed is suing Sheikh […]
Posted inEnterprise+: Last Night’s Talk Shows
Education Minister denies suggesting Egypt’s unpaid education system should be abolished
Education Minister Tarek Shawki blanketed the airwaves last night to dispel rumors that he had called for the abolishment of unpaid public education. According to the minister, he had told MPs during a closed-door meeting that the country’s education system is inherently flawed because it requires parents to spend large amounts of money on private […]