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Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Education Ministry clamps down on private tutors; potato prices are down; Mubarak to testify in prison break case
It was another night of random selections on the airwaves, with topics ranging from the crackdown on private tutoring, to potato prices, and Habib El Adly’s ongoing trial. The Education Ministry is cracking down hard on private tutoring. The ministry is two weeks away from presenting the Madbouly Cabinet with a law proposal that criminalizes […]
Posted inSpeed Round
Egyptian gov’t studies raising stamp tax duties on insurance, construction, mining sectors
** #1 EXCLUSIVE- Gov’t studies raising stamp tax on select activities in insurance, construction, mining sectors: The government is studying raising the stamp tax payable for select activities in sectors including insurance, real estate and mining, Finance Ministry sources told Enterprise. The proposal would see higher stamp tax rates paid to take out building permits, […]
Posted inSpeed Round
When government policy works: The white cab program slashed Egypt’s carbon dioxide emissions by 310k tonnes in 2013-2017
** #2 When government policy works: The white cab program slashed Egypt’s carbon dioxide emissions by 310k tonnes in 2013-2017: A government scheme to scrap and recycle old taxis in Egypt led to a 310k ton decrease in Egypt’s carbon dioxide emissions between 2013 and 2017, the World Banksaid on Thursday. The WB is expecting […]
Posted inSpeed Round
Egypt’s SWF to be managed by Egyptian
** #3 Egypt’s SWF to be managed by Egyptian: The Planning Ministry committee charged with selecting the manager of Egypt’s EGP 200 bn sovereign wealth fund has reportedly decided to hire an Egyptian, ministry sources tell Al Masry Al Youm. Egyptians who were in the running to head the new fund have proven to be […]
Posted inSpeed Round
Egypt Cabinet to receive Customs Act this week for review
** #4 EXCLUSIVE- LEGISLATION WATCH- The Madbouly Cabinet is expected to receive the final draft of the Customs Act this week for review, a senior government official told Enterprise yesterday. Finance Minister Mohamed Maait had said last week that the bill — which means to bring local customs laws in line with international best practices […]
Posted inSpeed Round
Mohamed Farag appointed as non-executive chairman at Fawry Plus
BOARD MOVES- Mohamed Farag has been named non-executive chairman at Fawry Plus. Farag, who is chief digital officer at CIB, says Fawry Plus is currently waiting on the CBE to grant it a license to carry out electronic banking services.
Posted inSpeed Round
Egypt’s MIHC appoints Basel El Hiny as chairman and MD
MOVES- State-owned Misr Insurance Holding Company (MIHC) has officially appointed Basel El Hiny (LinkedIn) as company chairman and managing director, according to a Public Enterprises Ministry press release. El Hiny will chair the newly appointed MIHC board of directors for three years. As we noted last week, El Hiny had previously served as vice chairman […]
Posted inSpeed Round
Correction
CORRECTION- Whirlpool will be assembling Whirlpool-branded washing machines in a partnership with MTI Holding. An earlier story in the domestic press, which we noted last week, had said Whirlpool was doing a JV to assemble Ariston-branded white goods. We have updated the story on our website.
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 — […]