Good afternoon friends, and welcome to the start of a fresh week. The news cycle looks set to be busy here at home as we race towards the four-day weekend.
THE BIG STORY TODAY
Qalaa Holdings plans to debut its subsidiary National Printing Company on the EGX through a direct listing, after the company took Taqa Arabia public in a direct listing last week, Hapi Journal reports, citing Qalaa Chairman Ahmed Heikal. Heikal did not disclose the expected size of the stake that will be listed on the bourse.
THE BIG STORY ABROAD
The Wagner group’s resumption of their training in Belarus has been dominating the international press this afternoon. Polish authorities have been bolstering their borders as the mercenary group continues with their training in Belarus. News providers do not have an accurate figure; however, Preghozin has not been sighted since 24 June in the Russian city of Rostov-on-Don, reports Reuters.BBC and the Financial Times also have the story.
** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- INDUSTRY REAX- Fintech players laud new regs for fintech licenses: The Financial Regulatory Authority’s (FRA) newly-issued regulations for obtaining fintech licenses are a major step for the sector and for Egypt’s financial inclusion push, industry insiders told Enterprise.
- Investors jostle for stake in Al Ahly Momkn: A group of private equity firms, including Tana Africa, Lorax Capital Partners, and US-based Ultra Capital, are bidding to acquire a 25% stake in state-owned e-payments player Al Ahly Momkn.
- NUCA just closed Egypt’s largest securitization so far this year: The New Urban Communities Authority (NUCA) has closed a EGP 15 bn securitized bond issuance, the first in an EGP 30 bn program.
MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.
Day one is our Banking Forum, where we’ll dive deep into topics of interest to commercial and investment bankers, from an outlook on the 12 months to come in M&A, IPO, and debt capital markets to the national, regional, and global trends that are (re)shaping our industry.
Day two is all about Fintech and Non-Banking Financial Services. We’ll take a deep dive into everything from the magic of client acquisition to the prospects of consolidation and the coming of challenger banks.
** NEW: MORE NETWORKING TIME- Our agenda includes expanded networking time, including an expanded coffee break and a post-event networking room for you to interact with your peers and speak one-on-one with the team at Enterprise.
TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations soon.
Do you want to become a commercial partner? Ping a note to Moustafa Taalab, our head of commercial, or fill out this form and we’ll be in touch.
STAY TUNED for more detail about our agenda.
DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? Tune in to the Enterprise Podcast and listen for yourself: The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,which took place in May.
WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast. We’re releasing a new episode every Sunday morning.
IN THIS WEEK’S EPISODE-From deciding the target markets, to focusing on quality, marketing in new markets, and restructuring a business around exports, our panelists discuss and provide key insights on what businesses need to focus on when building an exports and FDI strategy. We were joined on that panel by Hossam Sallab, CEO and vice-chairman of Sallab Group and Royal Ceramica, Mark Wyllie, CEO of Beyti Egypt, and Kareem Abou Ghaly, the chairman and CEO of Pasta Regina.
ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things. Enterprise — the essential morning read on all the important news shaping business and the economy in Egypt and the region — is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.
We have tons more in the pipeline — come help us build new publications. We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.
NEVER WORKED IN A NEWSROOM BEFORE? We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.
Not an internship program — a career: The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists on subject matter knowledge, while also working on constructing and filing Enterprise stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.
Apply directly to jobs@enterprisemea.com and mention “writing development program” in your subject line.

*** It’s Inside Industry day —your weekly briefing of all things industrial in Egypt. Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.
In today’s issue: We sat down with East Port Said Development (EP) Managing Director and African Association of Automobile Manufacturers (AAAM) Vice President Ahmed Fikry Abdel Wahab to discuss the vision for the new East Port Said Automotive Zone, and how Egypt’s automotive industry can move up the value chain.
Get Enterprise daily
The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.
☀️ TOMORROW’S WEATHER- The heat isn’t letting up as the mercury rises to 41°C and drops to 26°C in the evening, our favorite weather app tells us.