{"id":544587,"date":"2022-03-10T04:00:38","date_gmt":"2022-03-10T04:00:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/"},"modified":"2022-03-10T04:00:38","modified_gmt":"2022-03-10T04:00:38","slug":"btc-surges-after-biden-signs-crypto-executive-order","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/","title":{"rendered":"BTC surges after Biden signs crypto executive order"},"content":{"rendered":"

<\/a> BTC jumps after Biden takes first step to regulation: <\/strong>BTC surged as much as 9% to almost USD 42k last night, after US President Joe Biden signed an executive order<\/a> outlining a \u201cnational policy for digital assets.\u201d The order requires the government to look into the potential benefits and risks of bringing crypto assets into the fold of the traditional economy \u2014 including by creating a central bank digital currency. \u201cThe market has clearly been heartened by talk of supporting responsible innovation and a constructive approach to regulating the evolving digital token economy,\u201d crypto exchange Bitfinex told Reuters<\/a>.<\/p>\n

Uber\u2019s Middle East ride-hailing subsidiary Careem is looking to raise USD 500 mn<\/strong> from investors to fund expansion plans<\/strong>, Al Mal<\/a> reports, citing people familiar with the matter. The firm will approach sovereign wealth funds in the Gulf, including the Saudi Public Investment Fund and Abu Dhabi-based ADQ, to invest in the firm, the people said. Bank of America is reportedly advising on the transaction.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

10,416<\/p>\n<\/td>\n

\n

+0.2% (YTD: -12.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 15.66<\/p>\n<\/td>\n

\n

Sell 15.76<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB<\/strong><\/p>\n<\/td>\n

\n

Buy 15.66<\/p>\n<\/td>\n

\n

Sell 15.76<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE<\/strong><\/p>\n<\/td>\n

\n

8.25% deposit<\/p>\n<\/td>\n

\n

9.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

12,739<\/p>\n<\/td>\n

\n

-0.9% (YTD: +12.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

9,523<\/p>\n<\/td>\n

\n

-2.2% (YTD: +12.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

3,385<\/p>\n<\/td>\n

\n

-0.8% (YTD: +5.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

4,278<\/p>\n<\/td>\n

\n

+2.6% (YTD: -10.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

7,191<\/p>\n<\/td>\n

\n

+3.3% (YTD: -2.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 112.66<\/p>\n<\/td>\n

\n

-12.0%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 4.53<\/p>\n<\/td>\n

\n

0.0%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1,996.90<\/p>\n<\/td>\n

\n

-2.3%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 41,974<\/p>\n<\/td>\n

\n

+8.9% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/strong><\/p>\n

The EGX30 rose 0.2% at yesterday\u2019s close<\/strong> on turnover of EGP 864 mn (7.8% below the 90-day average). Foreign investors were net sellers. The index is down 12.8% YTD.<\/p>\n

In the green: <\/strong>Rameda (+4.2%), Cleopatra Hospital (+3.6%) and AMOC (+3.5%).<\/p>\n

In the red: <\/strong>e-Finance (-2.9%), Orascom Construction (-2.5%) and Telecom Egypt (-2.3%).<\/p>\n","protected":false},"excerpt":{"rendered":"

BTC jumps after Biden takes first step to regulation: BTC surged as much as 9% to almost USD 42k last night, after US President Joe Biden signed an executive order outlining a \u201cnational policy for digital assets.\u201d The order requires the government to look into the potential benefits and risks of bringing crypto assets into […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[442,344,72,119,122,328,441],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544587","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-careem","tag-cryptocurrency","tag-enterpriseam","tag-financial-markets","tag-planet-finance","tag-ride-hailing","tag-uber","wpautop","entry"],"acf":{"mongo_id":"c35a2e30-5662-4a78-bfc2-a7fb65068c3b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544564],"teaser":"","voice_url":""},"yoast_head":"\nBTC surges after Biden signs crypto executive order - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTC surges after Biden signs crypto executive order\" \/>\n<meta property=\"og:description\" content=\"BTC jumps after Biden takes first step to regulation: BTC surged as much as 9% to almost USD 42k last night, after US President Joe Biden signed an executive order outlining a \u201cnational policy for digital assets.\u201d The order requires the government to look into the potential benefits and risks of bringing crypto assets into […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-10T04:00:38+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"BTC surges after Biden signs crypto executive order\",\"datePublished\":\"2022-03-10T04:00:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/\"},\"wordCount\":267,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Careem\",\"cryptocurrency\",\"EnterpriseAM\",\"Financial Markets\",\"Planet Finance\",\"ride-hailing\",\"Uber\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/\",\"name\":\"BTC surges after Biden signs crypto executive order - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-03-10T04:00:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BTC surges after Biden signs crypto executive order\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BTC surges after Biden signs crypto executive order - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/","og_locale":"en_US","og_type":"article","og_title":"BTC surges after Biden signs crypto executive order","og_description":"BTC jumps after Biden takes first step to regulation: BTC surged as much as 9% to almost USD 42k last night, after US President Joe Biden signed an executive order outlining a \u201cnational policy for digital assets.\u201d The order requires the government to look into the potential benefits and risks of bringing crypto assets into […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-03-10T04:00:38+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"BTC surges after Biden signs crypto executive order","datePublished":"2022-03-10T04:00:38+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/"},"wordCount":267,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Careem","cryptocurrency","EnterpriseAM","Financial Markets","Planet Finance","ride-hailing","Uber"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/","name":"BTC surges after Biden signs crypto executive order - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2022-03-10T04:00:38+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/btc-surges-after-biden-signs-crypto-executive-order\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"BTC surges after Biden signs crypto executive order"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":655043,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/btc-is-up-30-since-americans-took-to-the-polls\/","url_meta":{"origin":544587,"position":0},"title":"BTC is up 30% since Americans took to the polls","author":"enterpriseam admin","date":"12 November 2024","format":false,"excerpt":"BTC surged to an unseen-before USD 87k record high, with investors eying a USD 100k checkpoint by late December.","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1001.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563633,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/us-joins-china-in-reining-in-big-tech-excesses\/","url_meta":{"origin":544587,"position":1},"title":"US joins China in reining in Big Tech excesses","author":"enterpriseam admin","date":"11 July 2021","format":false,"excerpt":"US tech companies to face stiff new competition rules under Biden exec order: President Joe Biden signed on Friday a sweeping executive order aimed at limiting the anti-competitive practices of giant technology companies. Among the order\u2019s goals are preventing so-called \u201ckiller acquisitions\u201d designed to shut down competition, creating new regulations\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577105,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/feuding-crypto-bros-tank-btc\/","url_meta":{"origin":544587,"position":2},"title":"Feuding crypto bros tank BTC","author":"enterpriseam admin","date":"9 November 2022","format":false,"excerpt":"Crypto is crashing this morning as a schism at the top of the industry raises fears of further volatility in the market. Changpeng Zhao, the owner of the world\u2019s largest crypto exchange, Binance, appears to have triggered a bank-run on the third-largest platform FTX in the latest move in an\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":656629,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/what-btcs-breach-of-the-usd-100k-mark-means-for-the-industry\/","url_meta":{"origin":544587,"position":3},"title":"What BTC\u2019s breach of the USD 100k mark means for the industry","author":"enterpriseam admin","date":"8 December 2024","format":false,"excerpt":"Digital asset funds are becoming mainstream investments","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/636.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":672201,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/21\/crypto-treasuries-face-test-as-altcoins-challenge-btcs-dominance\/","url_meta":{"origin":544587,"position":4},"title":"Crypto treasuries face test as altcoins challenge BTC\u2019s dominance","author":"enterpriseam admin","date":"21 September 2025","format":false,"excerpt":"Some 190 listed firms globally now hold BTC on balance sheets","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1368.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556273,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/the-taxman-is-coming-for-ride-hailing-apps-in-saudi\/","url_meta":{"origin":544587,"position":5},"title":"The taxman is coming for ride-hailing apps in Saudi","author":"enterpriseam admin","date":"18 October 2021","format":false,"excerpt":"Uber + Careem just got hit with a massive tax bill in KSA. The ride-hailing companies will be charged a combined USD 100 mn in taxes in Saudi Arabia as the kingdom resolves disputes on how to calculate VAT by gig economy firms over the past few years, Bloomberg reports,\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544587"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544587\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544564"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544587"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544587"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}