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Author Archives: enterpriseam admin
A fresh GASC tender for wheat, backed by the World Bank
GASC puts out a fresh international wheat tender: State grain buyer GASC has launched an international tender to purchase 30k-60k tons of wheat on a cost and freight basis for February delivery, according to a GASC statement. Traders need to submit their bids directly to GASC by midday tomorrow. Thanks, World Bank: The purchase will […]
Renewables are on the rise Down Under
Australia’s accelerated climate ambitions under its new federal government are likely to trigger a demand for funding that will provide MENAT companies and investors with the chance to capitalize on the nation’s vast natural resources and increasing appetite for renewable energy. Australia’s land mass, abundant sunlight and wind, and regulatory stability had already lured foreign […]
Prime Holding has a new CEO + Management shake-up at the SCZone
Prime Holding appointed Hassan Samir (LinkedIn) as vice-chairman, managing director, and CEO of the company in a board meeting last week, according to an EGX disclosure (pdf). Samir was previously Prime Holding’s managing director for capital markets and has been with the brokerage firm for the best part of two decades, including a seven-and-a-half-year stint […]
More economy lessons from the pundits + Giza Zoo overhaul
The economy once again took center stage on the talk shows over the long weekend: The pundits spent plenty of airtime last night totting up the inflows to the high-yield 25% CDs introduced last week. Reassurances from President Abdel Fattah El Sisi on the state of the economy and moves to clear the logjam at […]
More international ink on the cost of living in Egypt
More on the challenges facing our economy in the int’l press: The government’s push to tackle dollarization and inflation through 25% CDs amid a hard currency shortage that has stymied imports was the focus of a story in the Irish Times, while the Wall Street Journal reports on Egyptians struggling to make ends meet as […]
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EGX could join Gulf bourse exchange hub -report
CAPITAL MARKETS- EGX looks to forge closer ties with Gulf counterparts: EGX officials are reportedly mulling onboarding the EGX to the Gulf’s Tabadul regional exchange hub, Shorouk News reports citing EGX head Ramy El Dokany. The move would allow Egyptian and Gulf investors direct access to trading on the EGX and regional bourses through authorized […]