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04 September (Tuesday): Egypt’s Emirates NBD PMI for August released. 04-05 September (Tuesday-Wednesday): Euromoney Egypt Conference 2018, Cairo. 10-13 September (Monday-Thursday): EFG Hermes’ 8th Annual London Conference, Emirates Arsenal Stadium, London. 11 September (Tuesday): Islamic New Year (TBC), national holiday. 17-19 September (Monday-Wednesday): INTERCEM Cairo to Cape Town cement industry conference, Dusit-Thani LakeView, Cairo. 18 […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 29 August 2018
At long last, a shuffle of governors? At least nine new governors will reportedly be sworn in today for Cairo, Giza, Marsa Matrouh, Ismailia, and Aswan, among others sources close to the matter tell Al Masry Al Youm. The list of new governors includes youth, technocrats, as well as former police and military personnel, MP […]
Posted inEnterprise+: Last Night’s Talk Shows
A bland night on the airwaves ahead of Lamees’ return next week
It was a quiet night on the airwaves. The Administrative Prosecution Authority (APA) proposed that Egypt make a full switch to electronically-operated railway networks. In a report yesterday, the APA said that the installation of train tracking radars, communication networks, and electronic signaling systems should boost safety and enhance the service’s efficiency. The APA’s Saeed […]
Posted inSpeed Round
Rameda hires Baker Tilly-Wahid Abdel Ghaffar as lead IFA ahead of IPO
IPO WATCH- Rameda hires Baker Tilly-Wahid Abdel Ghaffar for fair value report ahead of IPO: Pharma manufacturer Rameda has tapped Baker Tilly International’s Cairo partner, Wahid Abdel Ghaffar & Co, to conduct a fair value study on Rameda shares ahead of a planned IPO, sources close to the matter said. The report is expected to […]
Posted inSpeed Round
Hassan Allam plans to IPO by October, eyes dual listing
IPO WATCH- Hassan Allam eyeing October IPO Hassan Allam Holding’s planned IPO could go ahead as early as October and may include a global depository receipt program, the domestic press suggested yesterday, citing unnamed sources. The timeline for the transaction is contingent on approval from the Financial Regulatory Authority, which the sources said should come […]
Posted inSpeed Round
Banque du Caire IPO on track for 1Q2019, bank to float 30% of shares
IPO WATCH- The state-owned Banque du Caire (BdC) is still on track to float up to 30% of its shares in an initial public offering in early 2019, a senior bank official told Enterprise yesterday. Central Bank Governor Tarek Amer had said in April to expect BdC’s IPO in late 2018 or early 2019 as […]
Posted inSpeed Round
ECMA lobbies EGX, FinMin to cut tax on dividends by up to 50%
Industry association lobbying to slash withholding tax on dividends: The Egyptian Capital Markets Association (ECMA) is lobbying the EGX and Finance Ministry to cut withholding tax on dividends by up to 50%, ECMA head Mohamed Maher tells Al Mal. As matters stand today, dividends paid by listed and privately held companies alike are subject to […]
Posted inSpeed Round
Tourism recovery accelerates as sector revenues surge 77% y-o-y in 1H2018, arrivals climb 41%
The recovery in tourism is accelerating: Tourism revenues increased 77% y-o-y to around USD 4.8 bn during 1H2018 from USD 2.71 bn in 1H2017, an unnamed government official told Reuters. Tourist arrivals for 1H2018 grew 41% to 5 mn visitors, compared to 3.5 mn visitors during the same period last year. The sector is expected […]
Posted inSpeed Round
Egypt could make travel insurance mandatory for tourists, to issue global tender for insurance provider
Egypt is considering making travel insurance mandatory for all incoming visitors, Financial Regulatory Authority (FRA) Deputy Head Reda Abdel Moaty said, according to International Travel and Health Insurance Journal. The FRA will reportedly launch a global tender to select an insurance provider once it completes a study that will be used to determine the value […]