enterpriseam admin, Author at EnterpriseAM Egypt

What the markets are doing on 14 November, 2023

by enterpriseam adminEgypt Edition14 November 2023

The EGX30 fell 0.1% at today’s close on turnover of EGP 4.0 bn (54.5% above the 90-day average). Local investors were net sellers. The index is up 64.0% YTD. In the green: Ezz Steel (+5.8%), TMG Holding (+5.0%) and Alexandria Mineral Oils Company (+3.1%). In the red: Credit Agricole (-5.3%), Telecom Egypt (-3.9%) and E-Finance […]

Founder of the Week

Meet our founder of the week: Mayar Soliman, co-founder of Locken

by enterpriseam adminEgypt Edition14 November 2023

Locken is a local cosmetic brand offering high-end hair and skin products

THE ENTERPRISE ENTERTAINMENT CALENDAR

by enterpriseam adminEgypt Edition14 November 2023

NOVEMBER 26 October-18 November: Forever Is Now Exhibition, Pyramids of Giza. 6-18 November (Monday- Saturday): The Ibero-American Film Week, Zawya cinema, Downtown. 13 November (Monday): Taste of Books seminar, Institut français d'Egypte, Mounira. 14-15 November (Tuesday-Wednesday): Destination Africa Expo at Royal Maxim Palace Kempinski. 15-24 November (Wednesday-Friday): Cairo International Film Festival (CIFF). 16 November (Thursday): […]

What We're Tracking Today

The developer of the new capital has received offers to advise on its planned IPO

by enterpriseam adminEgypt Edition13 November 2023

Good morning, friends. It’s a reasonably brisk morning for news: Lamees El Hadidi tore a strip off policymakers last night as she criticized the slow pace of the privatization program, and the Grand Egyptian Museum is getting plenty of ink after Tourism Ministry Ahmed Issa suggested it could open by next spring. SMART POLICY- We […]

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by enterpriseam adminEgypt Edition13 November 2023

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Automotive

Volkswagen to work with gov’t on auto industrial zone study

by enterpriseam adminEgypt Edition13 November 2023

The project is aiming to attract USD 240 m in investments and employ 6k people

Fintech

InstaPay could offer remittances from UAE, Jordan, KSA next year

by enterpriseam adminEgypt Edition13 November 2023

The plan is the latest in a string of measures taken by the government to drum up hard currency in response to the ongoing FX crunch

WAR WATCH

Gaza’s main hospital in “dire and perilous” situation, says WHO, as Israel continues assault

by enterpriseam adminEgypt Edition13 November 2023

There is “not a single militant” in Al Shifa, says hospital official

DEBT WATCH

FinMin secures USD 500 mn bank loan from Deutsche Bank, Bank ABC

by enterpriseam adminEgypt Edition13 November 2023

Fresh funds are on their way: The Finance Ministry has secured a USD 500 mn syndicated loan from Deutsche Bank and Bahrain’s Arab Banking Corporation (Bank ABC) to support education and healthcare spending, it said in a statement yesterday. ICYMI: We first heard about this loan in October from comments by Finance Minister Mohamed Maait […]