Author Archives: enterpriseam admin

Don’t hold your breath: Russia needs more security inspections at the Cairo International Airport before the Kremlin will allow direct flights to Egypt to resume, Sputnik reports. “It is obvious that some more time is needed to address concerns voiced during the last visit. As soon as we receive such invitation, we would send a […]

Bankers acknowledge CBE, Investors Associations agreement on settling pre-float LCs: Senior banking sector officials appeared to confirm to Reuters that the CBE has indeed reached the agreement which we noted yesterday with the Union of Egyptian Investors Associations (UEIA) on settling LC debt spikes incurred following the EGP float. Under the agreement, the CBE would […]

Auerbach Grayson & Company has announced a partnership with Arqaam Capital to provide its US institutional clients with investment opportunities in Saudi Arabia, Oman, Kuwait, UAE, Qatar, Bahrain as well as South Africa. Arqaam Capital will provide Auerbach Grayson’s clients with “bespoke research and seamless trade execution across a wide range of sectors and listed […]

Hating on the proposed 0.4-0.5% stamp tax on EGX transactions: First, Egyptian Financial Supervisory Authority (EFSA) Chairman Sherif Samy argued against the tax. Now, the members of the Securities Division at the Federation of Egyptian Chambers of Commerce have met with EGX Chief Mohamed Omran and members of the Egyptian Capital Markets Association to “discuss […]

Nasr bringing home first tranche of World Bank loan, promises fast action on policy front: Egypt will be receiving the first USD 125 mn tranche of an USD 500 mn Upper Egypt development loan from the World Bank “within days,” Investment and International Cooperation Minister Sahar Nasr said in a Tuesday press conference. Nasr looks […]

MNOs, TE still in talks on infrastructure sharing ahead of April 4G rollout: Mobile network operators (MNOs) Vodafone Egypt, Orange Egypt and Etisalat have offered to give state-owned Telecom Egypt access to their networks in phases under a long-awaited infrastructure sharing agreement, Al Borsa reports. Meanwhile, TE chief Tamer Gadallah says the teleco is pressing […]

Is the Education Ministry looking to cap tuition increases at int’l schools? The Education Ministry is considering ways of prompting international and private language schools to lower their tuition fees, Minister Tarek Shawki said at a conference, Al Borsa reports, raising the prospect of tuition caps and other forms of direct interference in pricing. International […]

Egypt is building closer ties with Hamas to help secure Sinai, Lin Noueihed and Nidal al-Mughrabi write for Reuters. Egypt has been at odds with Hamas, but it has recently “eased restrictions, allowing in trucks laden with food and other supplies, and providing relief from an Israeli blockade that has restricted the flow of goods […]