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15 March (Wednesday): Arab Women Organization’s event: Investing in refugee women, UN General Assembly Building, New York City. 18-19 March (Saturday-Sunday): Delegation of Japanese food industries companies visits Egypt. 29-30 March (Wednesday-Thursday): Cityscape Egypt Conference, Nile Ritz-Carlton, Cairo. 29-31 March (Wednesday-Friday): Balanced Development of Siwa Oasis International Tourism Conference, Siwa Oasis. 30 March (Thursday): Central […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 13 March 2017
The Finance Ministry will propose a stamp tax of 0.125% on stock market transactions that would gradually rise to 0.175% by its third year, top ministry officials tell Al Shorouk. The measure will be unveiled at today’s meeting of the cabinet economic group. The stamp was proposed in place of a capital gains tax that […]
Posted inEnterprise+: Last Night’s Talk Shows
Sensible agriculture policies adopted in 1.5 mn feddan project; COMESA looking into CAF bid-rigging allegations
With Lamees El Hadidi and Amr Adib still off the air as Amr recovers from exhaustion, the talking heads offered up a mixed bag of nuts on the airwaves last night. Taking over the reins at Kol Youm is Amr Adib’s old airtime buddy, actress Ragaa El Geddawy, who will be filling in until the […]
Posted inSpeed Round
Some restaurants exempt from VAT -Finance Ministry
Expect your corner koshary and ful shops to be exempt from VAT: The Finance Ministry issued a directive exempting some restaurants that typically serve-lower income groups from charging value-added tax (VAT) on food items served. Not part of this exemption are all franchises of international or domestic restaurants. Restaurants in shopping malls, tourist areas, airports, […]
Posted inSpeed Round
A copy of the Bankruptcy Act is out
A copy of the Bankruptcy Act is out: A copy of the Bankruptcy Act, which is currently being reviewed by the Council of State (Maglis Al Dawla), has made it to the press. You can view the full text here, courtesy of Al Borsa. The law, which creates a clear regulatory framework for bankruptcy proceedings […]
Posted inSpeed Round
Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting over inflation
Majid Al Futtaim boss optimistic about Egypt consumer sentiment, not fretting overinflation. Chief Executive Officer Alain Beijani told Bloomberg Television that he’s not concerned about inflation, saying that while Egypt is going through “difficult times,” the nation has a lot to offer. The country is now approaching the “end of the tunnel,” having enacted tough […]
Posted inSpeed Round
Shake up at Careem?
Shake up at Careem? Wael El Fakharany has stepped down as managing director of Careem Egypt and the ridesharing company’s SVP for government relations, sources told Al Mal. We have independently confirmed the news of El Fakharany’s departure. Separately, Careem announced appointing Ramy Kato as its head of operations in Egypt in addition to his […]
Posted inSpeed Round
ACA arrests banking official for corruption in granting loans through CBE’s SME lending initiative
Head of SME unit at unnamed bank nabbed by top anti-corruption cops: The Administrative Control Authority (ACA), Egypt’s top anti-corruption agency, has reportedly arrested the head of SME banking at an unnamed bank. The individual was arrested along with an unspecified number of accomplices for allegedly accepting a total of EGP 2 mn in bribes […]
Posted inSpeed Round
Ayman Mamdouh Abbas to increase stake in bid for CI Capital to 4.5%
M&A WATCH- Ayman Mamdouh Abbas is planning on increasing the stake of CI Capital he is proposing to buy to 4.5% from 2%, according to Al Mal. A consortium of investors had offered to buy 71.94% of CI Capital in December and EFSA greenlight some of the investors’ bids. Two investors had reportedly backed out […]