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Thursday, 23 December 2021

THIS MORNING: A quiet end to the workweek; school’s out (again) in Alexandria; football crypto tokens are under a watchful eye

Good morning, ladies and gents, and welcome to the second-to-last Thursday of the year. We’re within arm’s reach of (western) Christmas and it’ll be time to ring in the new year before you know it.

PSA #1- Our customary end-of-year publication holiday season is upon us: EnterprisePM will continue to be on break through the end of the month and will be back in your inboxes on the afternoon of Sunday, 2 January. EnterpriseAM will be off this coming Sunday (26 December) and then again on Thursday (30 December). We’re using both days to get some pipefitting and plumbing done ahead of the new year.

By the time we return to your inboxes:

  • The window for Cleopatra Hospitals Group shareholders to subscribe to CI Capital’s voluntary tender offer for 26% of the company will be over, with the deadline set for the end of trading on Sunday, 26 December.
  • The House of Representatives will be back from a short recess, with plenary sessions set to resume on Sunday, 26 December. Several new taxes and development fees the Madbouly Cabinet proposed earlier this month will likely be back on the House’s agenda, after House Speaker Hanafi El Gebali decided to push the vote on the bill because of the ruckus it caused among MPs.

PSA #2- Alexandria suspended classes again: Schools are closed today in Alexandria as it is again expected to see heavy rainfall and colder temperatures — which saw snow descend on the city days ago — and heavy rains, Governor Mohamed El Sherif announced, according to Youm7.


WANT TO HAVE BREAKFAST WITH US? Every year, we ask our readers to weigh in on what you expect for the year ahead in our Enterprise Reader Poll. Take a few minutes to give us your take on the outlook for your business and industry, whether you’re planning fresh investments and new hires, and how your business fared in the year past. We’ll share the results with the entire community in early January to help you shape your view of the year — 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.


Arsenal gets a slap on the wrist from UK regulator over crypto tokens: The UK’s advertising watchdog has ruled that the club’s online promotion of its crypto fan tokens was “irresponsible,” arguing that it “trivialized investment in crypto assets.” As we reported earlier this week, fan tokens could be the next big thing in club financing — though critics say the trending cryptocurrencies reward savvy traders while blindsiding crypto-illiterate fans.


PSA- Property owners have until Friday, 31 December to pay the second installment of their annual real estate taxes without incurring a late fee. The first installment was due between 1 January and 30 June. Homeowners whose primary residence is valued at less than EGP 2 mn are exempt from paying the tax.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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