Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Dovish CBE policy leaves EM investors disappointed: Would-be emerging market investors looking to return to Egypt after January’s devaluations were disappointed by the Central Bank of Egypt’s decision not to hike interest rates last week, analysts tell Bloomberg. Flashback: The central bank chose to leave interest rates unchanged at its policy meeting last week, defying […]
Author Archives: enterpriseam admin
Posted inCabinet watch
Cabinet scraps 5% development fee for local mobile phone assemblers
Local mobile phone assemblers are going to pay one less tax: The Cabinet approved in its weekly meeting exempting a 5% development fee on imported mobile phone components as part of the government’s efforts to localize the industry, it said in a statement yesterday. The exemptions also include the final product, locally manufactured parts and […]
Posted inM&A WATCH
Sri Lanka’s LOLC wants to expand in Egypt
Yesterday in M&A: A Sri Lankan financial services conglomerate that established a presence in Egypt last year wants to make new acquisitions, and Nilex-listed medical supplier ICMI has signed a purchase agreement to acquire a textile company. LOLC WANTS MORE LOCAL FIRMS- (xxSA) Sri Lankan conglomerate LOLC Group wants to acquire several unnamed local firms […]
Posted inEnergy
Copelouzos + co. close to finalizing studies for Greece-Egypt electricity link
GREGY is advancing: The consortium behind the 3-GW Greece-Egypt Interconnector(GREGY) is putting together the final technical and financial surveys ahead of a financial investment decision, Greek outlet eKathimerini reported yesterday. John Karydas, the CEO of the renewables unit of Copelouzos — which together with Samaras Group is drawing up plans for the project — made […]
Posted inCommodities
Could Serbia supply us with 1 mn tons of wheat?
A big wheat buy in the works from Serbia: Egypt is in talks to buy some 1 mn tons of wheat from Serbia as it works to diversify its wheat suppliers, the Supply Ministry said yesterday. Supply Minister Ali El Moselhy discussed the potential direct purchase in a meeting with a Serbian delegation headed by […]
Posted inUncategorized
Raya CX CEO Ahmed Refky resigns
Raya Customer Experience (Raya CX) has appointed Ahmed Aboulezz as its new CEO, after Ahmed Refky (LinkedIn) stepped down, the company said in an EGX disclosure (pdf). Aboulezz will assume his new role on 19 February when Refky leaves his position.
Posted inLAST NIGHT’S TALK SHOWS
The state offering program and the Turkey-Syria earthquake feature on the talk shows
It was surprisingly a quiet night on talk shows yesterday: With Lamees El Hadidi, Amr Adib and Ahmed Moussa all having the night off, and Al Hayah Al Youm scaling back its evening show, Ramy Radwan on Masaa DMC and Yahduth Fi Masr’s Sherif Amer more or less had the airwaves to themselves. Privatization was […]