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Non-oil manufacturing grew 7.1% y-o-y in 1Q, marking its second consecutive quarter of growth
Author Archives: enterpriseam admin
Posted inEconomy
Egypt receives first EUR 1 bn tranche under macro-financial assistance package from the EU
The funds will go towards alleviating external financing constraints, easing the government’s balance of payments and budget needs, and boosting FX reserves
Posted inM&A WATCH
Beltone eyes majority stake in African financial services provider Boabab through put option agreement
The acquisition is set to drive Beltone’s regional growth strategy through expansions in Africa
Posted inCabinet watch
Cabinet approves amendments to Public Shops Law, methane reduction roadmap, two Japanese grants, and free-trade agreement
Shop owners now have until December 2026 to comply with licensing requirements instead of last December.
Posted inAutomotive
Auto sales continue to rise 12.5% for the second consecutive month in November
Passenger car sales drove the trend with a 14.8% m-o-m increase to 8.5k for the month
Posted inTax
Gov’t launches digital platform to tighten control over the mobile phone market
Taxes and customs duties on imported mobile phones remain unchanged, and the new system won’t apply to phones activated in the country before 1 January.
Posted inDEBT WATCH
Tasaheel Finance Company, Badr University in Assiut, GB Lease and Factoring, Premium Card, and Al Ahly Tamkeen Company hit the securitization market
A number of companies squeezed in issuances just before 2024 came to a close
Posted inLAST NIGHT’S TALK SHOWS
The National Front Party’s debut and Lamees’s comeback dominated the airwaves last night
Lamees El Hadidi and Lobna Assal returned to the screen after a four-month break