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The CBE raised EGP 217.9 bn-worth of one-year t-bills and EGP 46.8 bn-worth of six-month t-bills on Thursday
Author Archives: enterpriseam admin
Posted inEnergy
Chevron to drill first Nargis 2 gas well by end of 2024
Chevron will initially invest USD 60 mn in the drilling
Posted inMoves
Mohamed Ismail Khaled tapped as head of the Supreme Council of Antiquities
The Supreme Council of Antiquities has a new head: Mohamed Ismail Khaled has been appointed as secretary-general of the Supreme Council of Antiquities, according to a statement from the Tourism Ministry. Khaled, who has already served in leadership roles in the council and has taught at universities across the world including Yale University and the […]
Posted inEGYPT IN THE NEWS
What does the UAE stand to gain from its investment in Ras El Hekma?
Ras El Hekma is once again leading the conversation on Egypt in the international pages: Bloomberg is out with a piece and a 48-minute podcast exploring the strategic aims of the UAE that lie behind its decision to invest USD 35 bn in Egypt’s North Coast. Fast fact that we here at Enterprise hadn’t twigged […]
Posted inAlso on our Radar
Al Ahly Sabbour wants in on Ras El Hekam. PLUS: Infrastructure, telecoms, diplo, manufacturing news
The real estate developer wants to purchase 1k feddans in the North Coast project
Posted inPLANET FINANCE
Dubai’s first IPO of the year was 165x oversubscribed
Dubai’s public parking operator Parkin raised AED 1.57 bn (c. USD 429 mn) from its IPO, with over AED 259 bn in orders from local, regional, and international investors at the close of the offering period, according to a statement (pdf). The order book was 165x oversubscribed, breaking the Dubai Financial Market record for oversubscription, […]