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The government is planning to amend the tax code to relax penalties imposed on tardy tax payments, Al Mal reports, citing reports on the government’s preliminary budget for FY2018-19. The move is meant to reduce the number of tax disputes, which delay the process of tax collection. Finance Minister Amr El Garhy said earlier this […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Sophia the Robot praises Mohamed Salah but still creeps us out
She may unsettle us to our very core, but at least Sophia the Robot has nice things to say about footballer Mohamed Salah. The Saudi Arabian robot arrived in Cairo yesterday to attend the Creative Industry Summit, where she was asked some hard-hitting questions about what she thinks of Mo Salah (watch, runtime: 0:31).
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.64 | Sell 17.74 EGP / USD at CIB: Buy 17.65 | Sell 17.75 EGP / USD at NBE: Buy 17.57 | Sell 17.67 EGX30 (Tuesday): 17,802 (+1.0%) Turnover: EGP 1.4 bn (22% ABOVE the 90-day average) EGX 30 year-to-date: +18.5% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
17-18 April (Tuesday-Wednesday): Creative Industry Summit, Four Seasons Nile Plaza Hotel, Cairo. 17-18 April (Tuesday-Wednesday): Aviation Africa 2018 conference, InterContinental City Stars, Heliopolis, Cairo. Register here. 19 April (Thursday): The National Museum of Egyptian Civilization visit and special breakfast at the American Chamber of Commerce. Register here. 20-27 April (Friday-Friday): Seventh edition of El Gouna […]
Posted inWhat We're Tracking Today
It’s a very busy news morning at home and abroad, ladies and gentlemen.
Posted inWhat We're Tracking Today
Trump administration wants Egypt, GCC to send troops to Syria to cover US withdrawal
Trump administration wants Egypt to send troops to Syria as part of an Arab military force that would cover America’s withdrawal after defeat of the Daeshbags, the Wall Street Journal reports in an exclusive citing senior US officials. The troops would be deployed in the northeastern part of the country, the story says, and US […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 April 2018
Closer to home, the Sisi administration has unveiled an ambitious USD 2 bn drive to begin reforming the nation’s education program. Education Minister Tarek Shawky hit the airwaves last night to sell the program to the nation, and Sahar Nasr is being tapped to have the World Bank expand its already-pledged funding for education reform. […]
Posted inWhat We're Tracking Today
It’s global growth day
It’s Global Growth Day, ladies and gentlemen: The IMF will be releasing its the World Economic Outlook report today as the IMF and World Bank’s Spring Meetings kick off. Chapters 2, 3, and 4 of the report are already out and focus on labor, employment in manufacturing, and inequality. The full document is set to […]
Posted inWhat We're Tracking Today
International business news on 17 April 2-18
Meanwhile, other stories worth a moment of time during your commute this morning: Netflix proves that people are simply hungry for good content, beating Wall Street expectations as it added 7.4 mn new subscribers (5.5 mn of them internationally) this past quarter, the WSJ reports. The company, its CEO now says, is spending like a […]