Author Archives: enterpriseam admin

The House of Representatives’ Economic Committee gave a preliminary nod to theInvestment Act on Monday during its first session debating the bill, Al Mal reports. Committee members expect to finalize their discussions in two weeks’ time before the bill comes up for a vote by the House as a whole by the end of March. […]

Shockingly, European car makers and local importers of their wares are not in love with the so-called “automotive directive,” which would give tax breaks to local manufacturers and protect them against unfair advantages now enjoyed by EU, Turkish and Moroccan imports. The automotive directive will not only harm European exports to Egypt but also violates […]

Colliers International’s latest report on Egypt sees good things ahead for Egypt’shospitality sector. Resort towns of Sharm El Sheikh and Hurghada are both expected to see an upswing in occupancy in 2017 as Colliers anticipates travel bans by the UK and Russia will be lifted this year. The report sees occupancy levels reaching 41% in […]

Paper, filing, and binding company Mintra is establishing a new USD 40 mn furniture factory by the end of the year, CEO Hany Cassis told Al Borsa. The company already secured a number of supply agreements from the new factory with US-based companies, including Amazon. The new plant is part of Mintra’s bid to expand beyond its […]

Our breeding skills have beat out the Chinese. Internal migration might have something to do with it too. Either way: Cairo is expected to be the fastest growing city in the world by population, according to Euromonitor International's Global Economies and Consumers in 2017 report (pdf). Cairo’s population is expected to grow by another 500K […]

** Earnings watch: ‘Tis the season, though we note that many companies plan to take advantage of the extension until mid-April to file 4Q/FY2016 results. Among those reporting earnings yesterday: Global Telecom Holding announced that its net profit attributable to shareholders increased to USD 7.3 mn in 4Q2016 from a net loss of USD 12 […]

Development Partners International (DPI), the African private equity specialist, has signed onto the United Nations Principles for Responsible Investment (UNPRI), the firm said in an emailed statement yesterday. “The UNPRI association works to understand the investment implications of environmental, social and governance factors and to support its international network of investor signatories in incorporating these […]