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The consortium is currently in discussions with the Omani government over the timeline and final investment size
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
A tale of two canals
The Suez Canal isn’t the only waterway having a hard time: The Wall Street Journal did a deep dive (excuse the pun) into difficulties facing the world’s main shipping arteries — the Suez Canal and Central America’s Panama Canal where together some 18% of global trade volumes crossed last year. While Houthi attacks and US-led […]
Posted inAlso on our Radar
Steigenberger to operate a tourist city in St. Catherine
Steigenberger will manage hotels and ecotourism resorts within Misr Sinai Tours’ new tourist city part of the Great Transfiguration
Posted inPLANET FINANCE
Private equity firms grapple with USD 3 tn worth of unsold companies
The private equity industry is facing a severe liquidity crunch, with firms globally sitting on a whopping 28k unsold companies valued at USD 3.2 tn, according to consultancy Bain & Co's latest annual private equity report (pdf). Nearly half of assets have been held for four years or more, which the report says is the […]
Posted inCALENDAR
2024 MARCH 20 March (Wednesday): End of sugar export ban. 28 March (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 28 March (Thursday): Industrial Development Authority to close applications for 1 mn sqm of land in 10 different governorates. 29 March (Friday): Egypt removed from JPMorgan Chase’s Emerging Local Markets Index Plus. APRIL 1 […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: Customers sold c.EGP 765 mn in FX at Al Ahly Exchange and Misr Exchange
Good afternoon, folks, and happy hump day. Even with Ramadan, the news cycle hasn’t slowed down and is still going strong with more updates after last week’s float. So, when do we eat? Maghrib prayers are at 6:02 pm in the capital, and you’ll have until 4:41 am tomorrow to hydrate and caffeinate ahead of […]