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Author Archives: enterpriseam admin
Posted inM&A WATCH
Abu Dhabi’s Chimera Investments to acquire 45% of GB Lease
Chimera to acquire 45% of GB Lease: GB Capital has agreed to sell a 45% stake in GB Lease to our friends at Abu Dhabi-based investment firm Chimera Investments for EGP 855 mn, parent company GB Auto said in an EGX disclosure (pdf) yesterday. GB Capital will retain the remaining 55% stake in the company, […]
Posted inM&A WATCH
Capricorn shareholder revolts against board ahead of potential merger with Israel’s NewMed
Another roadblock in the Capricorn-NewMed tie-up: One of Capricorn Energy biggest shareholders, Palliser Capital, is calling for a general meeting to vote on removing seven of the company’s directors — including CEO Simon Thompson and CFO James Smith, Reuters reports. Palliser is the company’s third-largest shareholder and is one of a number of investors in […]
Posted inLEGISLATION WATCH
MPs give initial approval to Suez Canal fund
MPs give initial approval to the Suez Canal Authority’s EGP 10 bn fund: The House of Representatives yesterday gave its initial approval on amendments to the Suez Canal Authority (SCA) law that would establish a EGP 10 bn fund. A rainy day fund: The fund’s resources will be deployed to help the SCA absorb external […]
Posted inLAST NIGHT’S TALK SHOWS
The IMF + the EGP were the topics du jour on the airwaves
The economy dominated the conversation on an otherwise uneventful night on the airwaves. The nation’s talking heads did their best to put a positive spin on the ongoing FX crunch, voicing optimism that the incoming money from the IMF will help to stabilize the EGP and replenish the banking system’s supply of FX. The IMF […]
Posted inEGYPT IN THE NEWS
An archaeological discovery in Damietta
It’s another mixed bag in the international press this morning: France24 speaks with co-founder and editor of Mada Masr Lina Attalah on charges against the publication’s journalists and journalistic freedoms in Egypt. The three remaining members of Cairo’s Jewish community find ways to celebrate Hanukkah and protect their heritage, CBS reports. An archaeological mission in […]
Posted inUncategorized
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