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An argument with the Resident 15-Year-Old is an all-consuming event. The only way you stand a chance of winning is by maintaining absolute, laser-like focus as the young sophist tries to tie you in knots. Don’t believe me? This is a kid who at age six mounted a campaign to convince the middle school principal […]
Author Archives: enterpriseam admin
Posted inTHE ENTERPRISE ENTERTAINMENT CALENDAR
MARCH 23 February-11 March (Monday-Saturday): Diarna Exhibition, Cairo Festival City Mall, New Cairo. 28 February-4 March (Tuesday-Saturday): Film O’Clock International Film Festival, Zawya Cinema, Downtown Cairo. 3 March (Friday): Sharmoofers Caravan Concert at 8pm, Zed Park, Sheikh Zayed. 3 March (Friday): Mahmoud Saad and Amir Eid Interview + Amir Eid Acoustic Night, El Falaki Theater, […]
Posted inWhat We're Tracking Today
THIS MORNING: Shoukry in India for G-20 foreign ministers meeting
Good morning, friends, and welcome to a super-brisk news morning. We hope you’re looking forward to the weekend as much as we are. WATCH THIS SPACE #1- Progress (of sorts) on the green hydrogen strategy: The Electricity Ministry has received the near-final draft of the national hydrogen strategy and is working to finish it, Electricity […]
Posted inAdvertiser
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Posted inEnergy
Fuel prices are rising 7-11% today
Cost of mazut for most buyers will increase by 20%
Posted inEconomy
Gov’t to miss deficit, debt targets on higher rates, import bill
Egypt is now predicting a debt level of 93.0% of GDP by June 2023
Posted inAutomotive
Auto sales fall 75% y-o-y in January
Auto sales hit a new low in January: Auto sales fell 75% in January compared to the same month a year before as import restrictions and an ongoing shortage of hard currency continue to weigh on the sector. Distributors sold some 5.4k vehicles were during the month, compared to almost 21.2k in January 2022, according […]
Posted inCabinet watch
It looks like daylight saving time is coming back
In light of “the government's efforts to rationalize energy use”
Posted inInvestment Watch
EAEF wants to invest up to USD 50 mn in Egypt this year
EAEF looking to reinvest Auf Group sale proceeds in our food, healthcare + agriculture sectors: The Egyptian-American Enterprise Fund (EAEF) plans to reinvest some of the proceeds from its sale of a stake in local snackmaker Auf Group in local businesses and funds, Vice President Cornelius Queen told us yesterday. The fund wants to invest […]
Posted inEARNINGS WATCH
Elsewedy Electric earnings, revenues rise more than 50% in 2022
Elsewedy Electric booked EGP 5.4 bn in net income after minority interest in 2022, up 51% y-o-y, according to its earnings release (pdf). Revenues, meanwhile, climbed 52% to EGP 92.2 bn. On a quarterly basis: Net income surged 79% to EGP 2.3 bn in 4Q 2022, while revenues rose 51% to EGP 29.6 bn. Behind […]