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Good morning folks, and happy almost-THURSDAY. We know we just had a long weekend, but this one still can’t come soon enough. THE BIG STORIES OF THE DAY here at home include news that Qatar’s Al Kuwari Group could be looking to snap up the Ramses Hilton hotel in Cairo for a reported USD 320 […]
Author Archives: enterpriseam admin
Posted inUncategorized
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Posted inM&A WATCH
A Qatari company wants the Ramses Hilton
Qatar has its eye on the Ramses Hilton: Qatar’s Al Kuwari Group has submitted an offer to acquire the Ramses Hilton hotel for USD 320 mn, Bloomberg Asharq reported yesterday, citing what it says are two sources close to the matter. The Arab International Company for Hotels and Tourism, which owns the hotel, is still […]
Posted inCapital markets
Four state-owned companies ready to list, with eight more to follow -EGX
Gov’t is ready to pull the trigger on listings of shares in four firms: The Madbouly government is ready to offer shares in four state-owned firms on the EGX and has eight more listings in the pipeline as it looks to reboot its privatization program, a media report suggests writes, citing the bourse’s annual report. […]
Posted inDEBT WATCH
GlobalCorp issues EGP 1.1 bn in securitized bonds
GlobalCorp closed an EGP 1.1 bn issuance of securitized bonds on 29 December, CEO and Managing Director Hatem Samir reportedly told Hapi Journal. In detail: The issuance included three tranches, each with an A+ credit rating. This is part of a larger, EGP 5 bn program: This is the third issuance in the non-bank lender’s […]
Posted inEconomy
FinMin launches framework on sustainable sovereign bonds
The Finance Ministry has officially launched its new framework for issuing sustainable sovereign debt, according to a ministry statement (pdf). The framework will allow the state to raise money for a wider range of social and environmental projects — including the Decent Life initiative — through the issuance of sustainable development bonds. Details: The Sovereign […]
Posted inMoves
Hotdesk appoints new head of tax and legal
Dubai-based global workspace firm Hotdesk has appointed Ahmad Kamal (LinkedIn) as head of tax and legal. Kamal previously served as head of tax at Swvl and has held several positions at PwC.
Posted inLAST NIGHT’S TALK SHOWS
In seven-hour grilling session, MPs take Supply Minister El Moselhy to task on food prices
Supply Minister Ali El Moselhy’s showdown with MPs dominated the talk shows yesterday. Pundits allocated considerable airtime to a heated, seven-hour long exchange in the House of Representatives yesterday in which majority and opposition MPs teamed up to grill El Moselhy for what they cast as his failure to get a grip on commodities prices […]