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Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
Are you bridging next week? Consider this a friendly reminder that Wednesday, 25 January is a national holiday in observance of something or another. Now might be a good time to weigh your odds of escaping and turning over the shop to your minions (or rolling the dice and seeing whether you can get away […]
Posted inEnterprise+: Last Night’s Talk Shows
Amer interviews Amr El Garhy; Cabinet fending off reports on cabinet shuffle; Aboutrika, Safwan Thabet labelled terrorists by association
Lamees El Hadidy was shocked that Juhayna chairman Safwan Thabet, football great Mohamed Aboutrika and Business News publisher Mostafa Sakr have been placed on a terror list as allegedly known associates of the Ikhwan, suggesting the move was extreme (watch; runtime: 3:34). Aly El Dash, a lawyer for Thabet, said his client was surprised by […]
Posted inSpeed Round
Nestlé acquires maker of Bonjorno instant coffee
M&A Watch- Nestlé SA announced it has signed an agreement to acquire Caravan Marketing Company, the owner of the Bonjorno instant coffee brand. “The acquisition reflects Nestlé’s ambition to invest in Egypt and foster the development of the rapidly growing soluble coffee segment which has been gaining popularity among Egyptians,” according to Nestlé’s official release. […]
Posted inSpeed Round
Criminal Court puts Aboutrika and Safwan Thabet on list of designated terrorists
Juhayna’s Safwan Thabet, footballer Aboutrika placed on terror watchlist. A Cairo Criminal court has placed the Muslim Brotherhood on its list of designated terrorist groups and reportedly included Juhayna Chairman Safwan Thabet, retired footballer Mohamed Aboutrika and Business News Chairman Moustafa Sakr in a 22-page list of allegedly affiliated “terrorists,” Al Shorouk reports. Thabet and […]
Posted inSpeed Round
Pharos to manage GTH’s share buyback, Ibrachy & Partners to advise
Global Telecom Holding (GTH) has picked Pharos Holding to manage its share buyback and the scrapping of its GDR program, according to Al Mal. Ibrachy & Partners will act as legal advisor for the transaction. GTH had announced a fixed-price buyback program to acquire up to 10% of the total issued share capital of the […]
Posted inSpeed Round
Europe-bound Egyptian oranges almost 25% higher y-o-y
A great export season for Egyptian orange growers: We’re already the world’s top exporter of citrus fruit, the Ministry of Trade and Industry tells us, and now the volume of Egyptian oranges exported to Europe in the “next few months” is expected to be 20-25% higher y-o-y, Netherlands-based fruit and vegetable importer Marni Fruit told […]
Posted inSpeed Round
Financial leasing league table for 11M2016 is out
Corplease tops 11M2016 financial leasing league table. Corplease, GB Lease, Al Tawfeek Co., Incolease, and Global Lease were Egypt’s top five financial leasing companies in 2016, according to Al Mal. The companies held a collective market share of 52.3% in 11M2016, with Corplease at the lead with a 16.2% share, followed by GB Lease with […]
Posted inSpeed Round
MP grandstanding on the Investment Act
An MP grandstanding on the proposed investment act? Quelle surprise. The deputy chair of the House of Representatives’ Economics Committee took to the press yesterday to lambast proposed Investment Act. Pouncing like a starving cheetah on the grandstanding rope tossed him by Al Borsa, Amr El Gohary said that the act offers far too many […]
Posted inSpeed Round
Parliament agrees to raise basic tax exemption
The House of Representatives has raised the basic tax exemption to EGP 24,000 from a previous EGP 13,500, meaning anyone earning under EGP 24,000 annually pays no income tax. The move is being positioned as part of an effort to ease the pain of the ongoing economic reforms, according to Al Borsa. An unnamed source […]