Author Archives: enterpriseam admin

Egypt has made significant progress on the economic front but still has a long way togo, the IMF will say today in its Regional Economic Outlook on the Middle East and Central Asia report, Al Borsa reports based on what it says is a leaked copy of the report due to be released at 8:00am […]

BNP Paribas’ Emerging Markets commentary from IMF / World Bank Spring meetings said that, in Egypt, the “authorities expect a strengthening in the export base after the currency devaluation and also see an improvement in tax revenues with the implementation of various fiscal reforms.” The bank says the meetings showed an expectation for tax revenues […]

The House of Representatives’ general assembly is set to begin debate on theproposed Investment Act today. The prelude to a final vote on the bill comes after the House Economic Committee concluded its review, according to Al Borsa. We’ll believe that when we see it, as the government is reportedly yet to sign off on […]

Is Donald Trump Middle East-bound? Enterprise paid a visit to the non-profit Middle East Institute in Washington, DC, as part of a media delegation on the sidelines of the AmCham Doorknock mission that kicked off Monday. We sat with Paul Salem, MEI’s vice president for policy and research, and Gerald M. Feierstein, director of the […]

EU delegation brassed-off about ‘automotive directive’: The proposed automotive directive, which given cash incentives to Egyptian car assemblers who go further up value chain into manufacturing, would violate the terms of Egypt’s free trade agreement the European Union, EU Mission Chief to Egypt Ivan Surkoš told reporters on Sunday, Al Mal reports. The bill proposes […]

EFG Hermes has again topped the securities brokerage league tables with a 25.6% market share for the month of April, while Beltone is giving perennial number-two finisher CI Capital a run for its money. CI Capital had a 9.5%market share in April, followed by Beltone at 7.3%, Pioneers at 4.2% and Mediterranean for Brokerage at […]

Riad & Riad law firm is unhappy with the new, controversial amendments to the Judicial Authorities Act, calling them “clearly tainted with unconstitutionality.” It says claims that the amendments will not affect judicial independence are “flawed … For example, the head of the State Council, in his capacity and by default, is the president of […]

MOVES- President Abdel Fattah El Sisi appointed head of the Suez Canal Authority Mohab Mamish as the head of the Suez Canal Economic Zone (SCZone). Mamish, as was speculated, replaces Ahmed Darwish, who said he did not resign from his position, but that he respects El Sisi’s wishes and vision, Al Masry Al Youm reports. […]