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04-07 May (Thursday-Sunday): Caféx, CICC, Cairo. 05-07 May (Friday-Sunday): Egypt Property Show, Dubai World Trade Center, Dubai. 08-09 May (Monday-Tuesday): Third Egypt CSR Forum, Intercontinental Citystars Hotel, Cairo. 9-11 May (Tuesday-Thursday): 2nd Egypt Oil & Gas Summit, Cairo. 10-12 May (Wednesday-Friday) The 15th Middle East & North Africa International Franchise Exhibition, AUC Downtown Greek Campus, […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 03 May 2017
We got a step closer to a new Investment Act yesterday (more on that in Speed Round, below) after a late afternoon session of the House of Representatives approved almost all of the bill’s 92 articles. A final vote on the floor of the House could take place today if MPs and the government can […]
Posted inON THE HORIZON
On the horizon
The House Budget Committee will discuss the FY2017-18 budget on Monday, 8 May and not this week, according to Deputy Finance Minister Mohamed Maait. MPs reportedly postponed the scheduled discussion at the request of the finance and planning ministers, who are meant to attend the sessions, but will be tied up with the IMF delegation […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows: Importers go nuclear in war against automotive directive
Car importers reached for the nuclear option yesterday in their war against the proposed automotive directive — and in doing so, made for the most dramatic viewing last night. Lamees El Hadidy made hay out of an Al Watan newspaper report on an MP’s allegation that high-profile business leader Raouf Ghabbour had offered the House […]
Posted inSpeed Round
House gives preliminary nod to Investment Act, postpones vote to discuss private free zones
The House has approved the Investment Act in principle, but postponed its final vote to today until issues over private free zones are put to rest. The House of Representatives is expected to vote on the Investment Act in a plenary session today after MPs gave a preliminary nod to 90 of its 92 articles […]
Posted inSpeed Round
Egypt has potential to become energy trading and export hub -BNP Paribas
Egypt has clear potential to become an energy trading and export hub, notably for natural gas, according to a report by BNP Paribas (pdf) that suggests Egypt’s bid to transform itself into a hub will depend on the country’s capacity to mitigate geopolitical, financial, and regulatory risks. BNP Paribas says “Egypt’s bid to become a […]
Posted inSpeed Round
IMF REO says inflation should abate as one-off factors subside, debt levels remain high
The IMF’s Regional Economic Outlook report came out yesterday and was broadly in line with expectations. The Fund says “a more favorable global environment is helping to improve economic prospects in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), although growth prospects remain subdued. To improve growth and boost living standards, countries in the […]
Posted inSpeed Round
Egypt ticks many boxes -RenCap
There are three key takeaways from the Egypt Investor Conference in Cape Town last week, Renaissance Capital says. Corporates have welcomed the float of the EGP despite its negative short-term impact on volumes and margins; wages have been adjusted equitably;and “energy subsidy reform is under way, gas supply is improving for industrials, and the Zohr […]
Posted inSpeed Round
Remittances up 13.8% in the five months since the float of the EGP compared to the same period a year prior
Investors aren’t the only ones who like the float of the EGP: The central bank announced yesterday that Egyptians living abroad have sent home 13.8% in remittances since the float of the EGP, Reuters reports. Remittances increased to USD 8 bn in the five month-period since the float, compared to USD 7 bn in the […]