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A business-econ heavy night on the airwaves last night, with the potential sale of a stake in Telecom Egypt, consumer prices, and investment all being subjects of discussion. First up: TE, which could see 10% of its shares sold to private investors, according to a Reuters report yesterday (more on this in the news well, […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Smiling sphinx unearthed in Qena
A second big archaeological discovery in less than a week is topping the foreign headlines on Egypt this morning: Following last week’s hidden tomb in the Great Pyramid, archaeologists have unearthed a “smiley, dimpled” Sphinx statue in Qena’s Temple of Dendera. The artifact is thought to depict Roman emperor Claudius. The Associated Press, AFP and […]
Posted inAlso on our Radar
Companies no longer need a credit rating to issue bonds + sukuk
There are some caveats.
Posted inPLANET FINANCE
Another eight companies could list in Abu Dhabi this year
Abu Dhabi keen on IPOs to deepen local stock market: At least eight “sizable” companies are expected to list on the Abu Dhabi stock exchange this year, according to Bloomberg. The firms are from a range of sectors including tech, media, pharma and asset management, Sameh Al Qubaisi, the director-general of economic affairs at the […]
Posted inAROUND THE WORLD
Saudi Arabia hands Turkey USD 5 bn to support economy
Turkey is getting help from Riyadh: Saudi Arabia will deposit USD 5 bn in Turkey’s central bank via the Saudi Fund for Development (SFD) to shore up its economy, the fund said in a statement yesterday. The agreement, which was floated by Saudi finance minister Mohamed Jadaan in December, was signed by SFD chairman Ahmed […]
Posted inCALENDAR
FEBRUARY 19 February-11 March (Sunday-Saturday): 2023 Africa U20 Cup of Nations, Egypt, various locations. MARCH March: 4Q2022 earnings season. March: Gov’t to launch the National Governance Index. March: Palestine-Israel talks in Sharm El Sheikh. Beginning of March: Rice to be added to the EMX. 6-9 March (Monday-Thursday): EFG Hermes One-on-One conference, Atlantis, Dubai. 7 March […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: National Paints Holdings ups its offer for Pachin + Africa Finance Corporation plans to invest USD 1 bn in Egypt
Good afternoon, wonderful people. Hump day is definitely a news dump day this week, as plenty of privatization stories are coming through. THE BIG STORIES TODAY #1- It’s another privatization-heavy day: Dubai-based National Paints Holdings (NPH) has upped its bid for Paint and Chemical Industries (Pachin), submitting a mandatory tender offer to fully acquire the […]