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EFG Hermes will hold its 7th Annual London Conference on 6-9 November, with an expanded roster of some 405 companies and institutions invited to attend. The conference will also include representatives, C-suite executives and investors from companies outside the MENA region, including Pakistan, Kenya, Nigeria, Bangladesh, and Sri Lanka. The event will be held at […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Egypt’s World Cup qualification dominates the airwaves
The euphoria from the Pharaohs’ success in qualifying for the 2018 World Cup permeated the airwaves last night, as the talking heads promptly ignored anything and everything else that could have possibly been going on in the country (which really wasn’t much). A tearful Lamees Al Hadidi brought a taste of street celebrations into the […]
Posted inSpeed Round
For the first time in nearly three decades, we’re going to the World Cup
For the first time in nearly three decades, we’re going to the World Cup. In case you were in a coma last night and didn’t catch what was possibly the most stress-inducing match in modern Egyptian history, we qualified for the 2018 FIFA World Cup, which is being played next year in Russia. The Pharaohs […]
Posted inSpeed Round
CPA pulls Juhayna ad for being too depressing
There’s nothing left for corporate Egypt to do but band together and unleash its combined sense of humor on the Consumer Protection Authority. The CPA has figured out a way to lower the bar on overzealous censorship even further after banning a benign ad by Juhayna (watch, runtime: 1:59) in support of the national team […]
Posted inSpeed Round
Is the Panama Canal eating Suez’s lunch?
You want depressing? We give you the Suez Canal’s battle with Panama. The Suez Canal posted tepid growth of about 2.2% in the first nine months of this year, the latest in a string of figures that have disappointed some analysts since the opening of the “New” Suez Canal. Breezy throwaway lines about slow growth […]
Posted inSpeed Round
Remittances up 17.3% from November to August
Another major source of FX for Egypt is doing better: Egyptian expatriates sent home 40% more money in August 2017 compared to August 2016, the central bank said, as reported by Reuters. Overall, remittances recorded USD 16.3 bn from November 2016 to August, up 17.3% compared to the similar period a year earlier.
Posted inSpeed Round
Leases on retail space at malls may be subject to value-added tax
Leases on retail space at malls may be subject to value-added tax: Reports have begun swirling that the Finance Ministry will declare that retail space at malls is to be subject to the value-added tax (VAT) a move that Al Borsa says is upsetting real estate developers, who have in recent years been looking at […]
Posted inSpeed Round
Civil Aviation Ministry will launch the West Cairo Int’l Airport “soon”
Do you own property in West Cairo? Property values could be on the verge of going up. The Civil Aviation Ministry will soon begin launching flights from the West Cairo International Airport (otherwise known as the Sphinx International Airport), Al Borsa reports. Most of the work on the facility has been completed and the official […]
Posted inSpeed Round
House Legislative Committee approves amendments to ACA law that would give watchdog full autonomy
Legislative would give top anti-corruption watchdog full autonomy: The House of Representatives’ Legislative Committee approved yesterday amendments to the law regulating the Administrative Control Authority (ACA), granting the anti-corruption watchdog complete technical, financial, and administrative authority, Ahram Gate reports. The amendments — which the Ismail Cabinet had approved in July — will place the ACA […]
Posted inSpeed Round
Oriental Urban Development to develop EGP 450 mn mall in New Cairo
INVESTMENT WATCH- Oriental Weavers Group subsidiary Oriental Urban Development is planning to invest EGP 450 mn in the Side Walk Mall in New Cairo alongside real estate marketing firm B2B, said Oriental Weavers founder Mohamed Farid Khamis. He tells Al Mal that Oriental Urban is also looking to buy 50 feddans in the North Coast […]