{"id":566800,"date":"2021-07-14T13:54:12","date_gmt":"2021-07-14T13:54:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/14\/tonight-eventtus-acquired-by-bevy-your-smokes-are-getting-more-expensive-also-our-picks-for-the-emmys\/"},"modified":"2021-07-14T13:54:12","modified_gmt":"2021-07-14T13:54:12","slug":"tonight-eventtus-acquired-by-bevy-your-smokes-are-getting-more-expensive-also-our-picks-for-the-emmys","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/14\/tonight-eventtus-acquired-by-bevy-your-smokes-are-getting-more-expensive-also-our-picks-for-the-emmys\/","title":{"rendered":"TONIGHT: Eventtus acquired by Bevy + your smokes are getting more expensive. ALSO: Our picks for the Emmys."},"content":{"rendered":"

Good afternoon, wonderful people, and welcome to yet another busy news day. <\/strong>While the big story of the afternoon is word that the private sector will be handed a significant role operating and upgrading the nation\u2019s rail networks, it\u2019s difficult not to be more excited about what\u2019s happening on Planet Startup.<\/p>\n

HAPPENING NOW- <\/strong>We have two high-profile sales.<\/strong> The big news is that Egyptian event management startup Eventtus<\/a> has been acquired by enterprise community event engine Bevy<\/a>, according to an emailed statement (pdf)<\/a>. Nine-year-old Eventtus has attracted some of the biggest regional and global tech investors, including Algebra Ventures and 500 Startups. The value of the transaction was not disclosed. We\u2019re aiming to have lots more on the story in EnterpriseAM tomorrow. <\/strong><\/p>\n

News that Eventtus has sold comes as A15 said it has divested its controlling stake in <\/strong>subsidiary Connect Ads to a US outfit<\/strong>. We have more on that story in this afternoon\u2019s Speed Round, below.<\/p>\n

<\/a> ALSO- Prices of some local smokes are increasing as of today:<\/strong> Tobacco monopoly Eastern Company has announced it will raise prices of its own-brand cigarettes starting today, under new ceilings<\/a> on taxable price brackets introduced two years ago. Proceeds will contribute to funding for Egypt\u2019s Universal Healthcare Insurance program, the company said. You can see the full list of amended prices here (pdf)<\/a>. Maybe it\u2019s a good time to consider quitting?<\/p>\n

AND- The Oil Ministry\u2019s gas-station-finder app is now available on the iOS <\/strong>App Store<\/a><\/strong>, according to a statement<\/a>. The app, titled MOP Stations, is pretty simple to use. Just choose your desired fuel type (95, diesel, etc) and it shows you all the stations that offer it nearby, alongside some information about the gas station. You can also download the app from the Google Play Store<\/a>.<\/p>\n

Government agencies and state-owned companies selling goods or services have until 1 <\/strong>October to sign on to the Tax Authority\u2019s new e-invoicing system<\/strong>, the Finance Ministry said in a statement<\/a>. The decision, approved by the cabinet, particularly applies to public sector companies that have more than half of its capital committed to the consumer industry. Failure to sign up for the e-invoicing platform, which comes as part of a program launched last November<\/a>, will result in a host of penalties, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n

REJOICE- The CBE has spoken, and we\u2019re all getting a six-day Eid holiday. <\/strong>Banks will be closed from Monday, 19 July, until Thursday, July 22. It\u2019s back to business as usual on Sunday, 25 July, the Central Bank of Egypt announced today<\/a>. Expect an announcement any moment now that the EGX is also closed <\/strong>\u2014 the exchange is shuttered anytime the banking system is closed.<\/p>\n

Saturday is also a national holiday <\/strong>in observance of the 23 July Revolution.<\/p>\n

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