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We wish everyone a blessed Ramadan and hope day one wasn’t all bad for our fasting friends. Our first day was marked by sadness and disbelief that 29 Egyptians, some of them children, were murdered by terrorists on Friday, on the eve of Ramadan. Martyr prayers were held on Saturday at the Cathedral of Beni […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Budget debate moves to the floor of the House: The House of Representatives will be discussing the FY2017-18 in general assembly sessions this week starting tomorrow, AMAY reports. MPs expect to ratify the budget before they go on summer holiday starting 30 June. The new state fiscal year begins 1 July 2017. The House of […]
Posted inON THE HORIZON
On the horizon
The executive regulations to the Investment Act will be released in a couple of weeks’ time, Federation of Egyptian Industries’ Investment Committee chair Mahmoud Soliman tells Youm7. Government officials, however, didn’t give a clear timeline for the regulations. The Ismail government is legally allowed to deliver the regulations within three months from the date on […]
Posted inEnterprise+: Last Night’s Talk Shows
Adib covers terror attack, while other talking heads take a break
Most of the nation’s talking heads took a break the first day of the holy month, with the exception of Amr Adib, who mostly covered the latest terror attack on Minya, which claimed the lives of at least 29 Coptic Christians on Friday (We have full coverage in this morning’s Speed Round). On last night’s […]
Posted inSpeed Round
29 dead, 11 injured in attack in Minya targeting Coptic Christians
Terror attack in Minya kills 29 Christians, injures 11: Terrorists dressed in paramilitary fatigues and carrying firearms attacked a small convoy of day-trippers heading to the monastery St. Samuel the Confessor on Friday outside of the city of Minya. The death toll has been confirmed by a cabinet statement. Children among the dead: Some of […]
Posted inSpeed Round
Oversubscribed eurobond issuance shows confidence in Egypt -El Garhy, Credit Suisse questions free float
No more tax increase, El Garhy says: The economic reform program is driving the confidence that debt markets are showing in Egypt, Finance Minister Amr El Garhy tells Bloomberg TV. “We’re putting together a program to take the ailing condition we were into a more positive direction in the coming period,” El Garhy says. Given […]
Posted inSpeed Round
Foreign airlines and hotel companies say state has cleared the way for profit repatriation
The state has cleared the way for foreign airlines and hotel companies to repatriate their profits, industry sources tell Al Borsa. The newspaper spoke to sources in Germany’s Lufthansa and an agent for the American and Japanese airlines in Egypt, as well as the managers at the Fairmont Nile City and Nile Ritz Carlton, who […]
Posted inSpeed Round
K-Line sets backtracking on port-fee hike as condition to return to East Port Said
K-Line says hike in port fees needs to be scrapped before it can return to East Port Said: K-Line, one of the five shipping lines that withdrew from East Port Said back in March, says that it’s willing to return to the port if the government scraps its decision to hike port fees, the company’s […]
Posted inSpeed Round
DBK Pharma’s attempt at listing facing challenges
IPO WATCH- DBK Pharma’s second attempt to list on the EGX is running into roadblocks, Al Borsa reports. Sources tell the newspaper that the Egyptian Financial Supervisory Authority has not yet approved the company’s fair value assessment. Financial consultancy Fincorp was reportedly working on fair value studies for the listing.