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Good morning, wonderful people. We lead today’s issue with some much-welcomed banking news, signaling that the long-persistent FX crunch is a thing of the past — banks announced that they are slashing fees and loosening restrictions on foreign currency used by travelers and credit card users. The decision is putting the CBE in the spotlight […]
Author Archives: enterpriseam admin
Posted inAdvertiser
Whether you’re diving into turquoise waters, catching golden hour from your terrace, or just letting time drift by — Somabay is summer, redefined. Your ultimate escape, every single time.
Posted inBanking
Banks are loosening up FX restrictions as Abdalla nears end of current term
Higher reserves from tourism, remittances, exports, and portfolio investments are giving lenders room to cut markups and loosen restrictions on overseas card use
Posted inTax
Gov’t to more than triple tax threshold of rented units to shield old rent landlords from tax increases
The new change is expected to come into effect in September
Posted inCapital markets
Rise in Bonyan’s gross asset value shows stocks trading at half their fair equity value
The implied gross asset value rose to EGP 171.2k per meter, up from 157k per meter at the start of the year
Posted inPHARMA
Gov’t to settle dues owed to pharma players this fiscal year
The Unified Procurement Authority owes local pharma players a combined EGP 43 bn
Posted inDiplomacy
Egypt, Jordan sign 10 cooperation agreements
The agreements cover investment, scientific research, local governance, and more
Posted inEARNINGS WATCH
Madinet Masr, Rameda, TMG, Al Baraka Bank report earnings
Madinet Masr saw its net income rise 76% y-o-y in 2Q 2025
Posted inMoves
Ayman Soliman joins HSBC Egypt’s board
Soliman brings over two decades of experience in leadership positions