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Author Archives: enterpriseam admin
Crypto platform Rain throws in with MoneyHash on payments. Plus: STV is fundraising and Raya’s accelerator inks pact with GIZ
MoneyHash’s API will allow Rain to add payment service providers and payment methods across the Middle East and Africa.
PHD, Macro Group report strong 2022 results
We’re pushing deeper into 2022 earnings season this morning, with Palm Hills Developments reporting record high net income, revenues, sales in 2022 and Macro turning in double-digit top- and bottom-line growth despite the challenges of the past 12 months. PALM HILLS- Palm Hills Developments booked record-high net income after tax and minority interest of EGP […]
Last Night’s Talk Shows: A new minimum wage + beware internet scams
The one theme during last night’s talk shows: money, be it the government raising wages, a bn-EGP investment scam, or last week’s fuel price hike. Talk of wages was everywhere last night after President Abdel Fattah El Sisi unveiled a new round of social protection measures designed to aid the public amid soaring living costs. […]
Hidden chamber at the Great Pyramid uncovered thanks to cosmic ray tech
Dominating the conversation on Egypt this morning: Cosmic ray tech reveals hidden corridor inside Great Pyramid. A nine-meter long, two-meter wide hidden corridor has been discovered near the main entrance to the Pyramid of Khufu in Giza, the Tourism Ministry announced at a press conference on Thursday. Scientists made the discovery as part of the […]
Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC’s e-payments arm — and plenty more
MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP 5.3 bn in the first two months of 2023 and EGP 3 bn in 4Q 2022 on the back the depreciation of the EGP, the company warned in an EGX disclosure (pdf) Thursday. The steelmaker […]
Fed policy to stay tighter for longer, says governor
Another sign that the Fed will stay hawkish: Federal Reserve Governor Mary Daly has become the latest official at the central bank to signal that interest rates will have to rise further than expected and will remain higher for longer. “It’s clear there is more work to do,” the San Francisco Fed president said yesterday. […]