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Good morning, friends. It may only be a three-day work for those of us in Egypt, but it’s already shaping up to be a busy one for local business and economy news. We’ve got a packed issue for you today, so let’s jump right in. ** DID YOU KNOW that we now cover Saudi Arabia […]
Author Archives: enterpriseam admin
Posted inM&A WATCH
PIF returns to market in first post-float investment, aims to take CIRA Education private in partnership with founders
CIRA will become PIF’s regional education champion, looking to grow in Egypt and beyond
Posted inEconomy
Foreign reserves hit their highest level in over four years
FX reserves hit USD 41.1 bn in April
Posted inStartup watch
Swypex launches its services after raising USD 4 mn in seed funding
Swypex will use the funds to expand its staff and roll out new products, the company’s CEO told us
Posted inEARNINGS WATCH
Qalaa Holdings’ bottomline increased five-fold in 2023 on the back of stake sale
The firm’s revenue grew 17% y-o-y in 2023 to EGP 97.1 bn
Posted inMoves
Abdalla ElEbiary named managing director at Alvarez & Marsal, based out of Dubai
ElEbiary will work with governments, sovereign wealth funds, and central banks in new role
Posted inLAST NIGHT’S TALK SHOWS
Israel's invasion of the Palestinian side of the Rafah crossing dominated the airwaves last night
Israel's invasion of the Palestinian side of the Rafah crossing dominated the airwaves last night, with the nation’s talking heads discussing the developments on the ground and whether Israel’s attacks constitute a violation of the 1979 Egypt–Israel peace treaty. Israel violated its terms of cooperation with Egypt when it attacked and closed the Kerem Shalom […]