{"id":623414,"date":"2018-10-30T04:06:36","date_gmt":"2018-10-30T04:06:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/what-were-tracking-on-29-october-2018-2\/"},"modified":"2018-10-30T04:06:36","modified_gmt":"2018-10-30T04:06:36","slug":"what-were-tracking-on-29-october-2018-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/what-were-tracking-on-29-october-2018-2\/","title":{"rendered":"What we\u2019re tracking on 29 October 2018"},"content":{"rendered":"<p><strong>Know your rights: <\/strong>The EGX has put out a guide that pulls together all the rules and regulations protecting the rights of minority shareholders in companies listed on the bourse. You can download a copy in <a href=\"http:\/\/egx.com.eg\/download\/PDF\/Educational-Brochures\/Minority-Brochure_ar.aspx\">Arabic here (pdf)<\/a> and in <a href=\"http:\/\/egx.com.eg\/download\/PDF\/Educational-Brochures\/Minority-Brochure_en.aspx\">English here (pdf)<\/a>.<\/p>\n<p><strong>The UK is going to tax Big Tech. How long before we try this here in Egypt? <\/strong>Britain is going to introduce a \u201cfirst-of-its-kind tax on locally generated revenue by large technology firms\u2014the most concrete attempt yet by an industrialized nation to rewrite the world\u2019s tax code for the digital era,\u201d the <a href=\"https:\/\/www.wsj.com\/articles\/u-k-to-roll-out-developed-worlds-first-digital-tax-1540831931\">Wall Street Journal<\/a> writes, noting that <a href=\"https:\/\/www.wsj.com\/articles\/countries-push-digital-taxes-on-tech-giants-1540742400?mod=article_inline\">dozens of other countries<\/a>, including Spain, Mexico and South Korea, are considering similar taxes on the activities of Google and Facebook, among others. The UK\u2019s \u201cdigital services tax\u201d could come into effect by 2020 and raise as much as GBP 400 mn annually by 2022-23, the <a href=\"https:\/\/www.ft.com\/content\/a8c36a90-dba5-11e8-9f04-38d397e6661c\">Financial Times<\/a> notes.<\/p>\n<p><strong>Why do governments want to tax them? <\/strong>Because large US tech firms have been \u201creporting relatively little of their profit in local jurisdictions.\u201d Yes, double taxation is a risk \u2014 but (a) that will get sorted out and (b) why should companies be allowed to do business in the UK (or Egypt, or wherever) without paying taxes when you can\u2019t do the same with your offline business? The UK\u2019s chancellor of the exchequer, Philip Hammond, says, \u201cIt is only right that these global giants with profitable businesses in the UK pay their fair share.\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-10-29\/how-big-tech-will-be-hit-by-u-k-s-new-digital-tax-quicktake?\">Bloomberg has a primer here<\/a>.<\/p>\n<p><strong>The end of the Merkel era. <\/strong>German Chancellor Angela Merkel has announced she will be stepping down as Germany\u2019s chancellor in 2021 and staying away from the political scene, <a href=\"https:\/\/www.bbc.com\/news\/world-europe-46020745\">according to the BBC<\/a>. <strong>The announcement came during President Abdel Fattah El Sisi\u2019s state visit to Germany. <\/strong>We have more on the visit in Diplomacy + Foreign Trade, below.<\/p>\n<p>The 100-year-old \u201cnear-religious\u201d status of case studies at <strong>Harvard\u2019s MBA program is under attack in some quarters<\/strong>. Yes, by some who say the case studies under-represent women leaders and are dominated by American examples \u2014 but also by others who argue there\u2019s simply a better way to teach business. Instead, business educations should \u201crigorously test theories\u201d rather than focus on writing and Socratic-style teaching. (<a href=\"https:\/\/www.ft.com\/content\/0b1aeb22-d765-11e8-a854-33d6f82e62f8\">Financial Times<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Know your rights: The EGX has put out a guide that pulls together all the rules and regulations protecting the rights of minority shareholders in companies listed on the bourse. You can download a copy in Arabic here (pdf) and in English here (pdf). The UK is going to tax Big Tech. How long before [&hellip;]<\/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":[7204],"tags":[3055,68,72,481,69,639,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623414","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-angela-merkel","tag-egx","tag-enterpriseam","tag-germany","tag-tax","tag-technology","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"8be81c66-1bf8-4520-aaaf-479eef3452b1","order":"0","is_powered_by":true,"section_story_id":"896a24c0-5f08-4de1-9f4d-f680b4b4a232","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623410],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What we\u2019re tracking on 29 October 2018 - 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\/2018\/10\/30\/what-were-tracking-on-29-october-2018-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on 29 October 2018\" \/>\n<meta property=\"og:description\" content=\"Know your rights: The EGX has put out a guide that pulls together all the rules and regulations protecting the rights of minority shareholders in companies listed on the bourse. 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M&A is again the big story here at home, this time in the country\u2019s red-hot non-bank consumer finance sector as the National Bank of Egypt begins what looks to be an aggressive push into the sector that will include\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":666587,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/10\/stamp-tax-on-egx-transactions-heads-to-the-house-next-month\/","url_meta":{"origin":623414,"position":1},"title":"Stamp tax on EGX transactions heads to the House next month","author":"enterpriseam admin","date":"10 June 2025","format":false,"excerpt":"Good afternoon, friends and welcome back. It has been a pretty quiet day on the business front and we expect things to stay calm as we hit the usual summer slowdown. THE BIG STORY TODAY- MPs will discuss introducing the stamp tax on EGX transactions when the House is back\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/622.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593991,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/what-were-tracking-on-16-october-2019\/","url_meta":{"origin":623414,"position":2},"title":"What we\u2019re tracking on 16 October 2019","author":"enterpriseam admin","date":"16 October 2019","format":false,"excerpt":"The IMF\u2019s World Economic Outlook October update is here, and it\u2019s pretty much as bleak as everyone expected. The fund revised downwards its global growth projections for this year and the next on the back of challenging macro conditions, including the US-China trade war. We have chapter and verse in\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543016,"url":"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\/","url_meta":{"origin":623414,"position":3},"title":"THIS EVENING: Welcome Etisalat Misr to the PM issue + Thursday is off for the public sector + we have our first securitization of the year","author":"enterpriseam admin","date":"2 January 2022","format":false,"excerpt":"It\u2019s the first EnterprisePM of the year, ladies and gentlemen. 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\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555445,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/this-morning-bank-board-shake-up-unvaccinated-civil-servants-will-need-a-weekly-pcr-test-to-enter-the-workplace-from-today-ditto-for-uni-students-on-campus-new-auto-consumer-regs-in-effect-today\/","url_meta":{"origin":623414,"position":4},"title":"THIS MORNING: Bank board shake-up; unvaccinated civil servants will need a weekly PCR test to enter the workplace from today; Ditto for uni students on campus; new auto consumer regs in effect today.","author":"enterpriseam admin","date":"15 November 2021","format":false,"excerpt":"Good morning, wonderful people, and happy Monday. We have an absolutely stacked issue this morning, starting with a deep dive into how the market is reacting to a basket of fee and tax incentives the government announced last week to make a new capital gains tax on EGX trades a\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561860,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/25\/thursday-off-for-sinai-liberation-day-wall-street-hates-the-biden-tax-plan\/","url_meta":{"origin":623414,"position":5},"title":"Thursday off for Sinai Liberation Day; Wall Street hates the Biden tax plan","author":"enterpriseam admin","date":"25 April 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to what we hope will be a nice, light workday for all of you. It was meant to be a holiday, so your calendars should all be reasonably clear, right? Also: It\u2019s day 13 of Ramadan, so for those of us observing, we\u2019re nearly\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"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\/623414","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=623414"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623414\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/623410"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=623414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=623414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=623414"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=623414"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=623414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}