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The Financial Regulatory Authority’s (FRA) decision to establish a registry for financial advisory firms came into full effect yesterday after it was published in the Official Gazette, Al Shorouk reports. The new regulations, which were issued by the FRA in late July, require firms that conduct financial valuations and fair value studies, to register with […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Gov’t to insure 2.3 mn temporary and seasonal workers without charge
The government will provide around 2.3 mn temporary and seasonal workers with Aman insurance CDs, Manpower Minister Mohamed Saafan told Al Masry Al Youm. The move is part of the government’s plans to enroll temporary and seasonal workers in its new national insurance scheme for laborers, which offers CDs that pay both recurring and one-time […]
Posted inEgypt Politics + Economics
Civil Democratic Movement coalition calls for release of ex-diplomat and 6 others
The Civil Democratic Movement coalition called on Egyptian authorities yesterday to “immediately release” ex-diplomat Masoum Marzouk and six others who have been detained on alleged terror charges, the Associated Press reports. The group of opposition parties claimed the arrests “were part of the government crackdown to silence opposition voices.” Prosecutors had earlier this week ordered […]
Posted inON YOUR WAY OUT
Ancient Egypt before and after
Heritage Daily put together a series of images showing sites of Ancient Egyptian monuments then and now. The photo essay compares pictures taken in the late 19th and early 20th century of archaeological sites — such as Luxor, the Colossi of Memnon, Saqqara, Edfu Temple, and the Great Sphinx of Giza — to others shot […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.84 | Sell 17.94 EGP / USD at CIB: Buy 17.82 | Sell 17.92 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 15,237 (0.00%) Turnover: EGP 765 mn (10% BELOW the 90-day average) EGX 30 year-to-date: +1.4% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
28-29 August (Tuesday-Wednesday): CI Capital’s 5th Annual Egypt Equities Conference, Cape Town, South Africa. 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. 18 September (Tuesday): Cairo Economic Court to issue ruling on EGP […]
Posted inWhat We're Tracking Today
What we’re tracking on 27 August 2018
Mondays are often quiet on the news front in this corner of the world, and today is no exception: The combined effect of Sunday being the first day after an extended holiday in these parts and the weekend in the West was a welcome respite as we tried to kick our brains back into “work” […]
Posted inEnterprise+: Last Night’s Talk Shows
FM’s Ethiopia trip in the spotlight, Mo Salah lashes out against EFA, man accused of harassment to sue alleged victim
It was another patchwork night on the airwaves, with Foreign Minister Sameh Shoukry and spy chief Abbas Kamel’s trip to Ethiopia today taking center stage. Bilateral talks will center around the establishment of a mutual investment fund between Cairo, Addis Ababa, and Khartoum that will be used to fund infrastructure development, according to Masaa DMC’s […]
Posted inSpeed Round
Tax inspectors won’t have direct access to corporate banking information, central bank says
CBE nixes amendments to income tax act that would have given tax inspectors access to corporate bank data: Central Bank Governor Tarek Amer poured cold water yesterday on proposed amendments to the Income Tax Act that would have allowed the Tax Authority investigators to access corporate bank data as part of investigations of suspicious activity. […]