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Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
57357 could become a victim of the economic crisis
This morning in the foreign press: The well-known children’s cancer hospital 57357 will likely be forced to close down in the next six months as the economic crisis causes donations to plunge. (The National) The Grand Egyptian Museum is one of National Geographic magazine’s top sites for 2023, calling it “the perfect museum in the […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inPLANET FINANCE
Global M&A volumes falls almost a third in 2022
M&A activity fell c.30% y-o-y to USD 3.5 tn in 2022 on the back of high interest rates, inflation, and geopolitical volatility, according to data compiled by Bloomberg. This year’s transactions were broadly aimed at expanding already existing businesses, entering new sectors, or restructuring operations against falling equity markets and antitrust enforcement. The beginning of […]
Posted inDiplomacy
Egypt is dragging its heels over Tiran + Sanafir transfer, say Israeli, US officials
Whatever happened to that Tiran + Sanafir breakthrough the Biden administration was hoping for earlier this year? Egypt has apparently thrown a spanner into the works and has recently begun objecting to a number of aspects of the agreement, US and Israeli sources tell Axios. Rewind: Diplomats have been working to seal an agreement that […]
Posted inMy Morning Routine
My Morning Routine: Youssef Abouseif, general manager, Uber Egypt
Youssef Abouseif, general manager, Uber Egypt: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is Youssef Abouseif (LinkedIn), general manager at Uber Egypt. My name is Youssef […]
Posted inCALENDAR
DECEMBER 22 December (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 25 December (Sunday): Senate back in session. 31 December (Saturday): E-invoicing registration deadline. December: Egypt to expand Sudan electricity link capacity to 300 MW. JANUARY 2023 January: EGX-listed companies and non-bank lenders will submit ESG reports for the first time. January: Fuel pricing […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: EGAS set to launch new int’l tender for oil and gas exploration blocks next week + Japanese bond yields jump again
Good afternoon, ladies and gents. It’s almost-THURSDAY — and it appears to also be almost time for the full holiday news lull. THE BIG STORY TODAY Energy companies can bid for 12 new oil and gas exploration blocks starting next week in an international tender set to be launched by state-owned Egyptian Natural Gas Holding […]
Posted inFOR YOUR COMMUTE
There’s more pain ahead for the global auto industry + Productivity really takes a nosedive around holiday season
The global auto industry is preparing for semiconductor shortages to last until the end of 2023, driven by an increase in electric vehicle demand and “more connected functions” in regular fuel cars, the Financial Times reports. Advanced power chips known as silicon carbide chips (SiC) — which are specifically used for EVs — are expected […]