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26 May-23 June (Friday-Friday): Window for firms to submit expressions of interest to the European Bank for Reconstruction and Development for consulting on Egypt’s oil and gas sector reform, London, UK. 22 June (Thursday): Nile Summit scheduled to be held in Uganda. 26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC). 30 June (Friday): 30 June, national holiday. […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 11 June 2017
Erdogan wants us to give him a present for Eid El-Fitr: Mend fences with Qatar. That’s right, folks: The Qatar Show, our favorite Ramadan serial, continues to unfold. While Erdogan sent out his Eid wish list, President Abdel Fattah El Sisi feels vindicated by the whole affair. The Statelet has hired former Bush administration attorney […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
It’s looking set to be a busy week on the legislative and regulatory fronts: The stamp tax on capital market transactions could come into effect this week, an unnamed senior Finance Ministry official tells Youm7. The levyawaits approval by the president and publication in the Official Gazette once the executive regulations governing it are finalized. […]
Posted inON THE HORIZON
On the horizon
The Investment Ministry will submit draft executive regulations for the Investment Act within a month, Minister Sahar Nasr said, according to Reuters. Central Bank officials will be meeting after Eid Al-Fitr with representatives from companies that are yet to settle pre-EGP float liabilities of more than USD 5 mn, the Secretary General of the Union […]
Posted inEnterprise+: Last Night’s Talk Shows
Tiran and Sanafir in the House
As the battle over Tiran and Sanafir moves to the House of Representatives today, it was natural that this become the issue of note in the airwaves. We expect that it will continue to dominate news and talk shows until it is settled (we have more in the Speed Round). Kol Youm’s Amr Adib urged […]
Posted inSpeed Round
Annual inflation falls to 29.7% in May
Inflation falls in May: Annual urban consumer headline inflation fell to 29.7% in May, down from 31.5% in April, according to CAPMAS, while monthly urban inflation rate was unchanged from April at 1.7%. Food price inflation eased slightly, dropping to 41.1% in May. Annual core inflation eased to 30.57% in May from 32.06% in April, […]
Posted inSpeed Round
Gov’t mulls maintaining electricity subsidies for an extra three years
Electricity subsidies might still be with us beyond 2019: The government is considering extending its timeline for the phase-out of electricity subsidies by another two or three years instead of having them removed entirely by 2019, Electricity Minister Mohamed Shaker said, according to Reuters. The delay would be to reduce the burden of additional price […]
Posted inSpeed Round
SkyPower’s USD 5 bn, 3 GW solar PV project gets green light from cabinet
INVESTMENT WATCH- The Ismail cabinet voted on Thursday to green-light a plan from Canada’s SkyPower to develop a 3 GW solar PV project. The USD 5 bn project was originally signed during the March 2015 Egypt Economic Development Conference, and was resurrected earlier this year. The news came as the European Bank for Reconstruction and […]
Posted inSpeed Round
Elmenus closes USD 1.5 mn series A from Algebra Ventures
INVESTMENT WATCH- Food discovery platform Elmenus has closed a USD 1.5 mn Series A funding round with an investment from Algebra Ventures, the company said in a statement (pdf). Our friends at Elmenus will use the funding “to build new features that facilitate for users to order their food online and will continue focusing on […]