{"id":543016,"date":"2022-01-02T13:41:19","date_gmt":"2022-01-02T13:41:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/this-evening-welcome-etisalat-misr-to-the-pm-issue-thursday-is-off-for-the-public-sector-we-have-our-first-securitization-of-the-year\/"},"modified":"2022-01-02T13:41:19","modified_gmt":"2022-01-02T13:41:19","slug":"this-evening-welcome-etisalat-misr-to-the-pm-issue-thursday-is-off-for-the-public-sector-we-have-our-first-securitization-of-the-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/this-evening-welcome-etisalat-misr-to-the-pm-issue-thursday-is-off-for-the-public-sector-we-have-our-first-securitization-of-the-year\/","title":{"rendered":"THIS EVENING: Welcome Etisalat Misr to the PM issue + Thursday is off for the public sector + we have our first securitization of the year"},"content":{"rendered":"

It\u2019s the first EnterprisePM of the year, ladies and gentlemen.<\/strong> Work on this edition was one of the highlights of 2021 for us, and we\u2019re very grateful to you, dear reader, for allowing us to continue doing it. We hope you had as much fun reading it as we\u2019ve had making it.<\/p>\n

We also wanted to thank our friends at Etisalat Misr, who join us today as a pillar sponsor <\/strong>of EnterprisePM alongside CIB.<\/strong> It is through their generous support that we are able to continue to provide your afternoon reads without charge.<\/p>\n

<\/a> PSA #1- Civil servants are getting this Thursday off<\/strong>, with a cabinet statement<\/a> today announcing that 6 January will be off in observance of Coptic Christmas which falls on Friday. We\u2019re still waiting on announcements from the Central Bank of Egypt and the EGX on whether banks and the stock market will be closed on that.<\/p>\n

PSA #2- The Taxman would very much like it if you were to soon file your 2021 tax returns:<\/strong> The deadline for submission for individuals is 31 March, while the deadline for companies with January-December fiscal years is 30 April.<\/p>\n

A reminder that <\/strong>the EGX capital gains tax is now being implemented:<\/strong> As of today\u2019s trading session, resident investors will face a 10% capital gains tax<\/a> on EGX transactions. The tax will be imposed on net portfolio earnings at the end of the tax year after deducting brokerage fees. Foreign investors are not subject to the tax.<\/p>\n

<\/a> PSA #3- You only have a few days left to take our annual reader poll \u2014 and join us for <\/strong>breakfast. <\/strong>Every year, we ask our readers to weigh in on what you expect for the year ahead in our Enterprise Reader Poll<\/a>. Take a few minutes to give us your take on the outlook for your business and industry, whether you\u2019re planning fresh investments and new hires, and how your business fared in the year past. We\u2019ll share the results with the entire community next week to help shape your view of the year \u2014 and will invite eight of you to break bread with us. Another dozen of you who complete the poll will also get special Enterprise mugs to enjoy your morning beverage of choice.<\/p>\n

THE BIG STORY TODAY-<\/strong><\/p>\n

<\/a> #1- We have our first securitization of the year:<\/strong> CI Capital\u2019s Corplease closed a four-tranche EGP 2.4 bn securitized bond issuance, lead manager and underwriter Misr Capital said in a statement today (pdf)<\/a>. Corplease\u2019s issuance comes as the Financial Regulatory Authority signed off (pdf)<\/a> on two more sales from Cairo Housing and Development and its sister companies.<\/p>\n

<\/a> #2- It\u2019s official \u2014 the Suez Canal had its best year on record:<\/strong> The Suez Canal ended 2021 with a record USD 6.3 bn in revenues, up 12.2% y-o-y, Ever Given and all, Suez Canal Authority boss Osama Rabie said<\/a>.<\/p>\n

^^We\u2019ll have more on these stories<\/strong> and others in tomorrow\u2019s EnterpriseAM<\/strong>.<\/p>\n

<\/a> HAPPENING NOW- It\u2019s pouring out there: <\/strong>We\u2019re already seeing the beginning of a downpour here at the Enterprise global HQ in Maadi, with rain starting and stopping every few minutes. Our weather app is expecting rain from 6pm to 10pm tonight so you may want to take that into consideration when heading home from work today.<\/p>\n

\u2600\ufe0f TOMORROW\u2019S WEATHER- There\u2019s more wind and rain expected tomorrow<\/strong>, with the mercury set to reach 20\u00b0C during the day and 11\u00b0C at night, according to our favorite weather app.<\/p>\n

** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM<\/strong>:<\/p>\n