The IDF says it has started a “precise and targeted operation” against Hamas in the hospital
Author Archives: enterpriseam admin
Fawry, Contact Financial, GB Corp + Rameda report 3Q 2023 results
FAWRY REPORTS RECORD REVENUES- Another strong quarter for Fawry:EGX-listed e-payments giant Fawry more than doubled its adjusted net income to EGP 222.1 mn in 3Q 2023 as the company enjoyed strong growth across all of its segments, according to the company’s earnings release (pdf). Revenues rose 42% y-o-y to a record EGP 873.2 mn, driven […]
Satterfield is on the airwaves again, but nobody is buying
It was a slightly calmer night on the airwaves as the nation’s talking heads cooled it with the economy talk and shifted their attention back to the war in Gaza. Satterfield is becoming a regular on the airwaves: The Biden administration is trying hard to get its message out to the Egyptian public, with Middle […]
This is how the pharaohs used to scare off the snakes
The latest from Gaza is still holding the attention of the international press this morning, which we detail in full in the news well, above. Also making headlines: Ancient burial chambers underneath Saqqara shed light on Pharaonic anti-snake tech: A recent archaeological discovery of a 2.5k year-old burial room beneath Saqqara gets attention in Smithsonian […]
EgyptAir places big Airbus order. PLUS: News from SODIC, Afreximbank, Hayat, Cleopatra Group
AVIATION- EgyptAir has placed another big order for new aircraft. National flag carrier EgyptAir has placed an order for 10 new A350-900 jets from Airbus, the European planemaker announced in a statement. The value of the contract was not disclosed, but the manufacturer’s standard price list puts the figure at USD 3.2 bn for all […]
IEA ups oil demand forecast for next year on expectations for lower prices
Oil supply could see a surplus next year -IEA: The International Energy Agency (IEA) is anticipating a surplus in oil markets at the start of 2024, although it marginally raised its oil demand growth forecasts, according to its latest monthly report. The IEA now expects demand to reach 930k barrels per day next year, up […]
NOVEMBER 9-15 November (Thursday-Wednesday): Intra-African Trade Fair, Cairo. 14-15 November (Tuesday-Wednesday): Destination Africa, Royal Maxim Palace Kempinski Hotel. 14-15 November (Tuesday-Wednesday): Egypt VC Summit, Conrad Hotel. 15 November (Wednesday): Deadline for MTO to buyback Dice Sports and Casual Wear’s 46.9% Stake. 19-22 November (Sunday-Wednesday): Cairo ICT, Egypt International Exhibition Center. 19 November (Sunday): House reconvenes. […]