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Our PMI left contraction territory for the first time since November 2020
Author Archives: enterpriseam admin
Posted inDEBT WATCH
Qalaa settles EGP 3.34 bn of debt in exchange for a stake in Taqa
Qalaa will retain the right to repurchase its shares in the energy distribution company from the banks for the next five years
Posted inEconomy
Fresh details on the move to cash-based subsidies
We could see the initial phases of the implementation of cash-based subsidies at some point during the next fiscal year
Posted inEnergy
Mitsubishi and another undisclosed Japanese firm selected to set up Hurghada’s 20 MW solar power plant
The facility will be Egypt’s first solar station to be equipped with a battery to store energy
Posted inM&A WATCH
What’s next for EGX-listed Middle East Glass?
MENA Glass Holding upped its stake in EGX-listed bottle maker Middle East Glass to 93.7% last month
Posted inAutomotive
Egypt to lag behind North African peers in vehicle production over next decade, but production growth in 2024 remains strong
BMI expects Egypt to produce 37k vehicles in 2024
Posted inMoves
Mashreq Egypt taps Amr Hassan as CRO
Hassan served as the bank’s head of corporate credit risk for over four years
Posted inLAST NIGHT’S TALK SHOWS
Egypt rejects Netenyahu’s statements on the Philadelphi Corridor
The Egypt International Airshow and President Sisi’s trip to Turkey also got some attention