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The government could raise tax-free annual wages for employees by up to EGP 12k.
Author Archives: enterpriseam admin
Posted inAutomotive
Customs Authority to release additional cars held at ports for violations
Owners of the cars must pay owed customs and fees plus up to EGP 10k in fines per vehicle
Posted inEconomy
Remittances rise 65.4% y-o-y to USD 2.6 bn in November
Remittances are also up up 47.1% y-o-y in the first 11 months of 2024 to USD 26.3 bn
Posted inM&A WATCH
EFG Hermes-backed Spark Education Platform acquires majority stake of Riyadh’s Qimam El Hayat Int’l School
SEP is backed by the EFG Hermes USD 300 mn Saudi Education Fund
Posted inEnergy
Eni resumes drilling in Egypt’s Zohr
PLUS- Dragon Oil struck oil at the East Crystal-1 exploratory well in the Gulf of Suez
Posted inCapital markets
Orascom Development, Rameda, EgyptAlum, Ibn Sina Pharma, Qalaa Holdings, and Eipico join the EGX30 after index review
Ezz Steel, B Investments, Faisal Islamic Bank of Egypt, Cleopatra Hospitals, Elsewedy Electric, Heliopolis Housing were removed from the blue-chip index
Posted inEnergy
India’s Everest Kanto Cylinder to establish Egypt’s first CNG cylinder manufacturing plant
Production is expected to begin at the end of 2025, with 60% of production meeting local demand and 40% being earmarked for export
Posted inKudos
EFG Hermes led MENA’s capital market activity last year
The investment bank successfully completed 11 IPOs and 6 secondary offerings in 2024
Posted inMoves
Egyptian creatives join 2025 D&AD jury
Maged Nassar and Karim Mira will join the jury for the 2025 D&AD Awards