{"id":614178,"date":"2024-01-29T00:00:00","date_gmt":"2024-01-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/29\/afcon-dream-dead\/"},"modified":"2024-01-29T00:00:00","modified_gmt":"2024-01-29T00:00:00","slug":"afcon-dream-dead","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/29\/afcon-dream-dead\/","title":{"rendered":"Afcon dream dead"},"content":{"rendered":"

Good morning, folks. <\/strong>We have a busy issue for you this morning, packed with a little bit of everything, so let\u2019s jump into it. <\/p>\n

ICYMI- EnterpriseAM KSA launched yesterday. <\/strong>Our newest addition to the Enterprise family is written for business leaders in Saudi Arabia as well as investors, and others doing business or deploying capital there. It\u2019s published at 7am KSA, Sunday through Thursday. <\/p>\n

Subscribe to receive your own copy<\/a> or you can check out the website here<\/a>.<\/p>\n

Want news from the UAE as well?<\/strong>Subscribe here<\/a>.<\/p>\n

THE BIG STORY HERE AT HOME- <\/p>\n

<\/a> The Pharaohs\u2019 Afcon dream shattered: <\/strong>Egypt lost to DR Congo in a penalty shootout, ending its Afcon journey at the round 16 stage. The match ended in a 1-1 draw, before DR Congo emerged victorious 8-7 on penalties. <\/p>\n

Attention, residency-less residents. <\/strong>Foreigner residents who are exempt from having a residence permit should head to the Interior Ministry\u2019s Department of Passports, Immigration, and Nationality to get their registration card, the ministry said in a statement<\/a>. The card will give the foreigners access to public services offered by the state. Foreigners have until June to get their cards.<\/p>\n

PSA- The expat car-for-FX initiative is getting a three-month extension:<\/strong> Prime Minister Moustafa Madbouly has signed off on a bill extending the expat car imports scheme for three months starting today. Interested expats now have until Monday, 29 April to sign up for the initiative. <\/p>\n

Remember:<\/strong> The government kicked off the second iteration of the scheme \u2014 which was set to expire by the end of this month \u2014 in late October<\/a>, with hopes of raising between USD 450 mn and USD 1 bn. The initiative allows expats to receive full rebates in EGP equivalent on customs fees, VAT, and other taxes within five years of purchasing a vehicle, provided they pay them upfront in FX. <\/p>\n

INTERESTED?<\/strong> You can sign up for the initiative through the government\u2019s app on Google Play<\/a> and the App<\/a>Store<\/a>.<\/p>\n

HAPPENING TODAY- <\/p>\n

<\/a> The House is in session:<\/strong> MPs are meeting today to vote on a EUR 56 mn grant from the French Development Agency to increase the country\u2019s wheat storage capacity. They will also discuss Egypt\u2019s subscription to the African Development Fund and making the change to the secured Overnight Financing Rate (SOFR) when inking agreements with the Asian Infrastructure Investment Bank, instead of the London Interbank Offered Rate (LIBOR).<\/p>\n

In the committees: <\/strong><\/p>\n