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And so it ends. Heading into a four-day Eid weekend, we would like to thank each and every one of you for spending some time with us this past month. We hope that you’re all looking forward to a four day break with family and friends. We’re off on Sunday and Monday (banks and the […]
Author Archives: enterpriseam admin
Posted inSPOTLIGHT ON THE 2018 WORLD CUP
Egypt signs World Cup sponsorship agreement with FIFA
The World Cup kicks off today: The world’s most-watched sports event will kick off in a few hours, with the first match being played between Russia and Saudi Arabia. You can tap or click here for the full World Cup schedule. Saudi meets Russia at 5pm today. Egypt meets Uruguay at 2pm CLT tomorrow. Mo […]
Posted inSPOTLIGHT ON THE 2018 WORLD CUP
Listen to this: Russian harpist play Egypt’s national anthem
Listen to this: Russian harpist play Egypt’s national anthem: Russian composer Sasha Boldachev played Egypt’s national anthem as part of the festivities in the build-up to the cup (watch, runtime: 01:00). Looking ahead: The US, Canada, and Mexico will jointly host the 2026 FIFA World Cup after beating a surprisingly strong rival bid from Morocco, […]
Posted inON THE HORIZON
On the horizon
White House special adviser Jared Kushner and US Middle East envoy Jason Greenblatt are scheduled to visit Egypt while on a Middle East tour that starts next week, the US National Security Council said yesterday. The officials will also visit Israel and Saudi Arabia to talk over the next stages of Arab-Israeli peace efforts, according […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows on 13 June 2018
Talk shows have been off for the holy month. We’ll be back with our regular report after the Eid break.
Posted inSpeed Round
ERC begins running boilers after connecting refinery with power and gas
Egyptian Refining Company fires up boilers after connecting refinery to power and gas: Qalaa Holdings’ Egyptian Refining Company (ERC) has begun running the USD 4.3 bn Mostorod refinery’s boilers, Qalaa said in a regulatory filing on Wednesday (pdf). The trial runs took place as the refinery was hooked up to electricity and gas, the statement […]
Posted inSpeed Round
Rising oil prices unlikely to affect Egypt the same way they did Jordan –Templeton’s Khatoun
The rise in oil prices is unlikely to affect Egypt the same way it did Jordan, Franklin Templeton Emerging Market Equity MD Bassel Khatoun tells Bloomberg in an interview (watch, runtime: 8:36). “Egypt has done a great job at being able to bring down inflation to its lowest level of about 11.6%, which has enabled […]
Posted inSpeed Round
Three investment banks pitching for Eastern’s sale of 4% stake
IPO WATCH- Three investment banks are reportedly pitching to advise Eastern Tobacco on its sale of an additional 4% stake on the EGX, sources tell Al Mal. Among the three, sources named our friends at Pharos Holding and AAIB’s Arab African Investment Holding. The rival firms have reportedly met with Eastern Company’s parent corporation, the […]
Posted inSpeed Round
Uber and Careem now have to charge VAT, remit it retroactively
Uber and Careem now have to charge VAT on rides, remit VAT retroactive to when tax first came into effect: The Tax Authority issued a directive to that will require ride-hailing apps including Uber and Careem to charge VAT on the potion of revenue that they take from each ride. Under the directive, “Uber and […]