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05 March (Monday): Egypt’s PMI reading for February released. 05-07 March (Monday-Wednesday): EFG Hermes’ One on One Conference 2018, Atlantis, The Palm, Dubai, UAE. 06-07 March (Tuesday-Wednesday): The Sustainable Industrial Areas International Conference 2018, The Nile Ritz Carlton hotel, Cairo. 07-11 March (Wednesday-Sunday): ITB Berlin Convention, Berlin, Germany. 12-16 March (Sunday-Saturday): AmCham’s 40th Doorknock mission, […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 01 March 2018
It’s now March, ladies and gentlemen. The back third of Q1. As our father always told us: Time accelerates as you age. FIRST LOOK- The EGX recorded a meteoric rise in volume yesterday driven almost entirely by record-setting foreign institutional trading, with foreigners accounting for EGP 3.1 bn of the EGP 4 bn traded. That’s […]
Posted inON THE HORIZON
On the horizon
MbS in Cairo next week? Saudi Crown Prince Mohammed bin Salman will reportedly visit Egypt on Sunday, 4 March to meet with President Abdel Fattah El Sisi, unidentified sources tell Al Ahram. The two are expected to visit the National Youth Academy in Six October City, sources also tell Al Masry Al Youm, adding that […]
Posted inEnterprise+: Last Night’s Talk Shows
Beheira train collision dominates talk on the airwaves; Amr Adib worries media crackdown makes us “look like fanatics”
Talk about a train collision that killed 12 people and injured 39 others in Beheira dominated the airwaves yesterday, with Health Ministry spokesperson Khaled Megahed and other officials calling up the nation’s talking heads to provide updates (watch, runtime: 6:00). Transport Minister Hisham Arafat pinned the blame on delays in the overhaul of the national […]
Posted inSpeed Round
Cabinet grants final approval to Pharma Regulator Act, sets cotton supply prices
LEGISLATION WATCH- Pharma Regulator Act gets final sign-off from Cabinet: The Ismail Cabinet approved yesterday the Pharma Regulator Act after incorporating some amendments since granting it a preliminary nod earlier this month, according to an official statement. The bill would establish three separate bodies to regulate the pharma sector: The Supreme Council for Medicine and […]
Posted inSpeed Round
House to begin plenary hearings on Auctions and Tenders Act this week
LEGISLATION WATCH- The House of Representatives is expected to begin plenary discussions on the Auctions and Tenders Act next week, Ahram Gate reports. The House Budget Committee is reportedly completing its review on the law, which would decentralize tender procedures and streamline the selection process for winning bids as well as set new quotas for […]
Posted inSpeed Round
Customs Act lowers tariffs on capital goods to 2% from 5%
LEGISLATION WATCH- The new Customs Act would slash customs duties on capital goods to 2% from a current 5%, Customs Authority head Magdy Abdel Aziz tells Al Shorouk on Wednesday. The move is part of a series of incentives laid out in the proposed law, which also include expanding temporary exemptions for production inputs and […]
Posted inSpeed Round
Smart policy: Finance Ministry could grant full tax exemptions to SMEs under certain conditions
One of the smartest policy proposals we’ve heard: The Finance Ministry hinted that it would be willing to grant SMEs full or partial tax exemptions under certain conditions in the SME taxation framework the ministry is currently developing. “The new framework could see provisions for partial or full tax exemptions,” said Vice Minister of Finance […]
Posted inSpeed Round
Banque du Caire IPO will not take place before 4Q2018
IPO WATCH- Banque du Caire IPO will not take place before 4Q2018: “We expect to finalize the initial public offering of Banque du Caire in the fourth quarter of 2018 -- not before that,” our friend Banque Misr Vice Chairman Akef El Maghraby tells Bloomberg in an interview. He added that the bank would retain […]