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Good morning, folks. You’ve done it. You’ve made it until the end of the week and you have a well-deserved long weekend ahead. In case no one’s told you, the public and private sectors and all banks will be off on Sunday and Monday in observance of Labor Day and Sham El Nessim next week. […]
Author Archives: enterpriseam admin
Posted inAdvertiser
Join us for an unforgettable Easter vacation at Somabay from May 2-6: Enjoy daily beachside beats with DJ Van Heldt at S.Cape Beach, and special events like the World Jazz Day celebration, DJ Aly Fathalla at Sobar Rooftop and the Solorize Music Event. There's something for everyone with the Playpark Carnival, DJ Dennis at S.Cape […]
Posted inEconomy
Egypt’s net foreign asset deficit narrows in March following rise in FX reserves
The CBE’s net foreign asset deficit narrowed to its lowest levels in over two years
Posted inCabinet watch
Cabinet approves USD 88 mn auto cables plants, ATIDI membership, fresh foreign assistance
The factory will earmark a sizable portion of its output — made using 60% locally-sourced materials — to exports
Posted inManufacturing
Elsewedy Electric to work with foreign firms to localize grain silo production
The three sides will localize silo manufacturing, enhance food security, and help the sustainable development of the country’s agricultural sector
Posted inEnergy
Scatec and Orascom Construction-led consortium allocated land for two wind farms that will generate 8 GW of energy
The two wind farm projects will bring in some USD 9 bn in FDI
Posted inEARNINGS WATCH
Swvl swings to profitability in 2023
The turnaround comes following a tumultuous year where the startup received two delisting warnings from Nasdar
Posted inCapital markets
EFG Hermes tops the brokerage league table in April
EFG Hermes has led the table for 11 months in a row now, it also held the top spot every month but one in 2023
Posted inKudos
EFG Holding’s Tanmeyah picks up two awards from the Global Banking & Finance Review
The company was named the Best Financial Institution for Empowering Women in Business in Egypt in 2024