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The company’s revenue jumped 28% y-o-y to EGP 17 bn
Author Archives: enterpriseam admin
Posted inLAST NIGHT’S TALK SHOWS
El Sisi’s address announcing the arrival of the first tranche of Ras El Hekma funds dominated the airwaves last night
ADQ deposited the first tranche of its USD 35 bn Ras El Hekma investment at the central bank on Tuesday
Posted inAlso on our Radar
ExxonMobil to drill first exploratory well in Egypt in October. Plus: Oriental Weavers’ net income doubles in 2023
Exxon is also gearing up to explore for gas in its Masry and Cairo other two concessions this year
Posted inPLANET FINANCE
Investors are still loving Gulf IPOs
The appetite for Gulf IPOs is still strong: Saudi Arabia’s Modern Mills for Food Products IPOfor 30% of the company is 127x oversubscribed, it said in a statement (pdf). In total, institutional investors submitted bids worth SAR 150 bn (USD 40 bn) for the flour milling company’s public offering. The milling company is taking 24.5 […]
Posted inMy Morning Routine
My Morning Routine: The mother-daughter team behind one of Egypt’s top executive search firms
The biggest reasons candidates say “No” to an offer: A bad cultural fit — and fear they won’t have an impact
Posted inCALENDAR
2024 FEBRUARY 24 February-1 March (Saturday-Friday): Egypt hosts the 71st African Airports Council International (ACI) Conference and Exhibition at the Alamera Hall Air Forces House Center and Le Méridien, Cairo Airport. MARCH 1 March (Friday): New public-sector minimum wage goes into effect. 2-3 March (Saturday-Sunday): The Emigration Ministry’s International Health Tourism Conference at the St […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: Second USD 5 bn coming in tomorrow from the UAE. PLUS: USD 520 mn arrives today from Icon buying seven historic hotels.
Good afternoon, folks and happy Thursday. Today we bid farewell to February and welcome March as the sun shines on and more greenback comes in. THE BIG STORY TODAY Egypt received USD 5 bn from UAE and is expected to receive another USD 5 bn tomorrowas part of the USD 35 bn Ras El Hekma […]