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Are we about to see a renaissance of open-air cinemas in Egypt? Urban Cinema is looking to bring back to Cairo the open-air cinemas of yesteryear on the roof of the Greek Campus. Once a month, the cinema will hold private screenings of independent films and popular series along with a skyline view of Downtown […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 13,235 (+0.5%) Turnover: EGP 1.2 bn (70% above the 90-day average) EGX 30 year-to-date: -11.8% THE MARKET ON MONDAY: The EGX30 index […]
Posted inCALENDAR
03-06 November (Saturday-Tuesday): World Youth Forum 2018, Maritim Jolie Ville Golf Course, Sharm El Sheikh, Egypt. 05-07 November (Monday-Wednesday): World Travel Market London exhibition, London, England, UK. 06-07 November (Tuesday-Wednesday): 2018 IIF MENA Financial Summit, Al Maryah Island, Abu Dhabi, United Arab Emirates. 13-29 November (Tuesday-Thursday): UN Biodiversity Conference, Sharm El Sheikh, Egypt. 14 November […]
Posted inWhat We're Tracking Today
What we’re tracking on 5 November
It’s PMI day: The Emirates NBD purchasing managers’ index for October is coming out today. You can download the press release here where it arrives at about 6:15am CLT. September’s PMI gauge had dipped after a three-month period of improvement in Egypt’s non-oil private sector. Tourism Minister Rania Al Mashat is in London to attend […]
Posted inWhat We're Tracking Today
Miscellany on 5 November 2018: No more Mx Nice CEO, Goldman’s partner class, nine hours of unplanned “executive time”
In miscellany this morning: CEO as “Mx Nice Guy”? Not so fast: Nobody wants to be led by Mr. Rogers, warns the WSJ. Goldman’s smallest class of partners since ‘98? Goldman Sachs is set to announce a small partnership class this year as it looks to keep its “upper ranks exclusive.” Look for fewer than […]
Posted inEnterprise+: Last Night’s Talk Shows
Continued coverage of the WYF; trying to regulate tuk tuks in Egypt
The talking heads picked up where they left off with their coverage of the World Youth Forum in Sharm El Sheikh, with many of them paying close attention to President Abdel Fattah El Sisi’s speech during yesterday’s session. The fact that El Sisi did not refer to the 2011 uprising as a conspiracy particularly impressed […]
Posted inSpeed Round
Egypt’s FRA says suspended Beltone’s investment banking arm due to irregularities in Sarwa IPO
** #1 FRA says Beltone suspension was due to “irregularities” in Sarwa IPO: The Financial Regulatory Authority (FRA) suspended Beltone Financial’s investment banking unit for six months after an investigation allegedly found the initial public offering of structured and consumer finance player Sarwa Capital last month was “marred by some financial market irregularities,” FRA Deputy […]
Posted inSpeed Round
Medhat Khalil to appeal date and price of MTO for Egypt’s Raya Holding
** #2 Medhat Khalil to appeal the FRA-ordered date and price of Raya MTO: Medhat Khalil will appeal the date and price set by a Financial Regulatory Authority (FRA) as part of its order that he divest shares in the company he founded or launch a mandatory tender offer (MTO) to acquire 100% of Raya […]
Posted inSpeed Round
Egypt SMEs to pay 1% VAT under proposed SMEs Act, FinMin has new definition of small business
** #3 EXCLUSIVE- Businesses with annual top lines of less than 500k would pay 1% VAT under proposed SMEs Act: The Finance Ministry will set a VAT rate of 1% for SMEs, two senior ministry sources told Enterprise. The ministry was against exempting SMEs from the VAT, saying that to do so would provide an […]