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We rang 2024 in with a parallel market spiraling out of control
Author Archives: enterpriseam admin
Posted inEconomy
Central Bank of Egypt keeps rates unchanged for sixth time in a row
The decision “remains appropriate to maintain a tight monetary stance until a significant and sustained decline in inflation is achieved”
Posted inYEAR IN REVIEW — TOURISM
How Egypt’s tourism sector fared in 2024?
the government now aims to welcome 25 mn tourists annually by 2030
Posted inYEAR IN REVIEW — EXPANSION
2024: A year for expansions abroad
Between real estate and construction players to education and logistics firms, many local players expressed interest in expanding abroad in 2024
Posted inAutomotive
Gov’t imposes new personal car import rules to curb USD outflows + Car dealers to import USD 1.8 bn worth of cars next year
The Investment Ministry now limits personal car imports to one every five years to save USD and boost auto localization
Posted inFINANCIAL SERVICES
Flend secures Egypt’s first digital NBFI license for SME finance
Flend offers tech enabled, data driven financing solutions to SMEs in Egypt
Posted inLAST NIGHT’S TALK SHOWS
FinMin deputy shares fresh details on the customs on imported mobile phones
All phones imported through unofficial channels will be subject to fees totaling 38.5%