Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Somabay brings out the best in majestic natural elements where raw beauty and endless activities reign supreme. Immerse yourself into a picturesque getaway all year long. This is simply Somabay. For more information, call 16390 or visit www.somabay.com.
Author Archives: enterpriseam admin
Posted inEconomy
The IMF is watching what happens to the EGP in January
The IMF will be keeping a beady eye on what happens to the exchange rate when the central bank ends import restrictions at the end of the month. Egypt has committed to permanently switching to a floating exchange rate in return for a USD 3 bn loan from the IMF, but is yet to cancel […]
Posted inLEGISLATION WATCH
Suez Canal fund not privatization via the back door, gov’t says amid controversy
The government is moving to stem controversy over the new Suez Canal fund: The Madbouly government yesterday denied claims that a proposal to set up a fund for the Suez Canal Authority will enable it to privatize assets by the back door. ICYMI- MPs this week gave initial approval to legal amendments that would allow […]
Posted inEnergy
We could be getting USD 4 bn from Chinese and Japanese investors for renewables projects
A Chinese company and a Japanese company have submitted bids to the Electricity Ministry to invest over USD 4 bn in renewable energy projects in Egypt over the next eight years, Al Borsa reports, citing what it says are ministry sources. It’s not clear whether the firms would invest in plants already in the pipeline, […]
Posted inInfrastructure
Abu Dhabi Ports + Mwani in talks with gov’t to run Ain Sokhna, Safaga ports, El Wazir confirms
Abu Dhabi Ports + Qatar’s Mwani have their eyes on our ports: The government is in early-stage negotiations with Abu Dhabi Ports and Qatar Ports Management Company (Mwani) to manage and operate ports in Egypt, Transport Minister Kamel El Wazir told reporters (watch, runtime: 1:44) yesterday. The Gulf logistics companies are interested in acquiring contracts […]
Posted inStartup watch
Local healthtech startup CheckMe acquires Doctor Online
Healthtech startup CheckMe has acquired a majority stake in virtual clinic app Doctor Online in a transaction that gives CheckMe a total market value of USD 20 mn, a statement (pdf). The acquisition will help CheckMe tap into more verticals to create the next “healthtech superapp” in Egypt and across the region, Ahella El Saban, […]
Posted inLAST NIGHT’S TALK SHOWS
Suez Canal controversy was everywhere on the talk shows
No canals for sale here: The nation’s talking heads spoke in unison last night carrying the government’s message about the proposed Suez Canal fund, which has generated controversy among MPs and on social media about the privatization of assets owned by the Suez Canal Authority. The government yesterday denied accusations from some lawmakers that the […]