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The central bank expects a further decline in growth during the current fiscal year followed by a gradual recovery
Author Archives: enterpriseam admin
Posted inLogistics
Damietta Port lines up USD 455 mn for second cargo terminal
The terminal will have a final capacity of 3.5 mn TEUs and begin operation by 2024.
Posted inBanking
Got a new credit card this morning? You can’t use it for FX purchases for six months.
The move comes in response to a recent surge in credit card issuances
Posted inStartup watch
MaxAB to merge with Kenyan B2B e-commerce player Wasoko
The merged entity will sell to more than 450k merchants in eight African countries
Posted inEARNINGS WATCH
Qalaa Holdings’ bottomline leaps in 3Q 2023
An overhaul of the Egyptian Refining Company helped boost revenues
Posted inAlso on our Radar
Siemens Energy to rehabilitate Aswan’s hydro plants. PLUS: News from the Madbouly government, Gig-Egypt, Delta Steel
ASWAN HIGH DAM , HYDRO PLANTS GETTING AN UPGRADE: German firm Siemens Energy will rehabilitate three hydropower plants at the Aswan Hydropower Company — the High Dam, Aswan I and Aswan II, under an EGP 1.77 bn contract. Siemens Energy will upgrade the power transformers at the plants to extend their lifespan to no less […]
Posted inPLANET FINANCE
Another year of the Gulf IPO boom?
Could 2024 be another year of the Gulf IPO boom? Mideast IPOs are on track to record their third-strongest year since 2007, with the market expected to continue growth in 2024 driven by government reforms, investment demand, and strong demand, Bloomberg wrote. “The outlook is very strong for MENA IPOs in 2024,” Bank of America's […]