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Good morning, dear readers, and congratulations on making it to the end of another week. Like many of you, we're going to be turning on our OoO responders on Sunday and having ourselves an extended weekend for the Christmas break. We'll be back in your inboxes on Monday at the appointed hour. It’s interest rate […]
Author Archives: enterpriseam admin
Posted inUncategorized
31 December: Disco Mania, a new commercial concept at Somabay Theater: Somabay always ends the year in the absolute best way possible. Our new year’s weekend is bound to be explosive this year. We’ve come up with some of your favorite concepts over the past years and we’re back for a whole new commercial concept […]
Posted inEconomy
Gov’t discusses imports, support measures as it prepares to lift curbs
Getting imported goods into the country: That was the subject of a meeting yesterday between Prime Minister Moustafa Madbouly, Central Bank of Egypt chief Hassan Abdalla, the finance and trade ministers, and the head of the Customs Authority, according to a statement released by the cabinet following the discussion. Why this matters: The government’s import […]
Posted inEnergy
Oil and gas exploration tender coming next week
Energy companies can bid for 12 new oil and gas exploration blocks in the Mediterranean and Nile Delta starting next week in an international tender set to be launched by state-owned Egyptian Natural Gas Holding Company (EGAS), Bloomberg Asharq reports, citing an Oil Ministry source. The door for bidding will close five months from the […]
Posted inM&A WATCH
Pachin to respond to NPH bid as soon as January
To sell or not to sell? Paint and Chemical Industries (Pachin) could respond to the takeover offer from Dubai-based National Paints Holdings (NPH) as soon as early January, unnamed sources reportedly told Al Borsa. The Emirati firm is close to completing due diligence and financial consultancy firm Elite is still working on the fair value […]
Posted inTransport
Three consortiums are in the running for the EUR 1.6 bn Alexandria metro project
Three consortiums qualify for bidding on Alexandria metro project: An alliance of our friends at Hassan Allam and France's Alstom is among three consortiums of local and international companies that have qualified to bid for the EUR 1.6 bn project to convert Alexandria’s Abu Qir railway into an underground metro, a senior executive at Hassan […]
Posted inCapital markets
AMOC and Pachin leave the LSE
AMOC + Pachin delist from LSE: EGX-listed Alexandria Mineral Oils Company (AMOC) and Paint and Chemical Industries (Pachin) have each decided to delist their global depository receipts (GDRs) from the London Stock Exchange, citing poor performance, according to individual disclosures to the EGX (here and here — pdfs). AMOC says that delisting will save the […]
Posted inKudos
Kudos: The Enterprise Edition
A special edition of kudos for The Enterprise Company: As 2022 draws to close, we want to extend a heartfelt thank you to some of the people at the company who have gone above and beyond, all of whom were recognized at our annual Christmas / End of Year party last week: Mohamed Gehad, Senior […]
Posted inLAST NIGHT’S TALK SHOWS
Today’s forecast: Cold with a high chance of a rate hike
It was an econ-heavy evening on the talk shows last night ahead of the central bank’s policy meeting today and following several statements from the cabinet about the import backlog at the nation’s ports and soaring food prices. What would a rate hike from the CBE mean? If the central bank decides to raise rates […]