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The Tax Authority has decided to exempt freight fees on exports from being subject to a VAT, Tax Authority head Emad Samy tells Al Masry Al Youm. The decision, which applies to air, land and sea shipping, came after extensive lobbying by the shipping division of the Federation of Egyptian Chambers of Commerce. Meanwhile, the […]
Author Archives: enterpriseam admin
Posted inNational Security
Security forces kill four Hasm militants suspected in attack on Alexandria security chief
Security forces killed four and arrested two militants belonging to terrorist group Hasm for their alleged involvement in a failed assassination attempt on Alexandria’s security chief earlier this year, the Interior Ministry said on Thursday. Four of the suspects were killed in a shootout during a raid on their hideout in Assiut.
Posted inSports
Egypt ranks fifth at 2018 Mediterranean Games
Egyptian athletes clinched a total 45 medals at this year’s Mediterranean Games, ranking fifth place among the 25 competing nations, according to Al Mal. Italy snagged first place with a total of 156 medals.
Posted inON YOUR WAY OUT
Trezeguet to join Inter Milan in summer, spends next season on loan at Parma
Trezeguet off to Italy? Egyptian winger Mahmoud “Trezeguet” Hassan is set to join Inter Milan in the summer but will reportedly spend the next season on loan at Parma, according to Italian media, Ahram Online reports. “I will probably arrive in Milan and then go to Parma, it will be a loan for a season," […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.83 | Sell 17.93 EGP / USD at CIB: Buy 17.84 | Sell 17.94 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Thursday): 16,349 (+1.1%) Turnover: EGP 1.6 bn (56% ABOVE the 90-day average) EGX 30 year-to-date: +8.9% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
03 July (Tuesday): Madbouly cabinet presents its policy program to the House of Representatives. 09 July (Monday): Plenary session of the House of Representatives to debate Madbouly government’s policy program. 16 July (Monday): Cairo Court of Appeals to issue ruling on EGP 5.6 bn antitrust case against pharma companies including Ibnsina. 23 July (Monday): Revolution […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 June 2018
It’s MPC day… The central bank’s Monetary Policy Committee meets today to review interest rates. The consensus among analysts is that the CBE will leave rates on hold to help contain the shock of recent subsidy cuts. The prevailing wisdom is that inflation for June will come in at around 4%. …and the last business […]
Posted inON THE HORIZON
On the horizon
Penguins are coming next weeks to Ski Egypt at Six of October’s Mall of Egypt, according to the indoor ski hill (bump?)’s Facebook page. Next tranche of IMF loan in July? The IMF’s executive board will meet on 29 June to decide on the fourth USD 2 bn tranche of Egypt’s USD 12 bn extended […]
Posted inEnterprise+: Last Night’s Talk Shows
Post-World Cup recriminations still dominate talk on the airwaves
Post-World Cup recriminations still dominate talk on the airwaves, with the Egyptian Football Association’s (EFA) press conference yesterday the primary topic of discussion. The talking heads were overwhelmingly unimpressed with the EFA’s press conference, accusing the association of failing to provide definitive or concrete responses to appease the public discontent over the national team’s performance […]