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DEBT- Arabian Construction Company to borrow EGP 3 bn from CIB: CIB has agreed to provide the Arabian Construction Company (ACC) with a EGP 3 bn credit facility to fund its joint projects with Egyptian and Saudi private sector players, the bank said (pdf) yesterday. ACC has played a key role in developing some of […]
Author Archives: enterpriseam admin
Posted inPLANET FINANCE
Riyadh Cables falls 12% on market debut + ESG funds see first annual outflows since 2011
Riyadh Cables didn’t have a great start to life on the Saudi stock exchange yesterday: Riyadh Cables Group’s shares fell 12% on their market debut in Riyadh yesterday after the company raised USD 378 mn in its IPO. Shares hit the exchange at the top end of the USD 39-43 price range but finished the […]
Posted inAROUND THE WORLD
Ghana is heading for default
Debt-ridden Ghana to default on external debt: Ghana will not continue to make payments on most of its external debts including foreign currency bonds, commercial loans and most bilateral debt citing large capital outflows and a loss of external market access thanks to the pandemic, the country’s Finance Ministry said yesterday. Last week the IMF […]
Posted inCALENDAR
DECEMBER 19-20 December (Monday-Tuesday): The Arab Administrative Development Organization’sconference on Modern Methods in Hospital Management, Cairo. 20 December (Tuesday): EGX-listed Pachin will brief shareholders on offers received to acquire the company in an ordinary general assembly. 22 December (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 25 December (Sunday): Senate back in session. 31 […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: Chimera is acquiring 45% of GB Lease + Twitter users really don’t want Musk to stick around
Good afternoon, friends. It appears we’re still some ways away from that end-of-year news slowdown, even though the number of OOO auto-responders we’re getting in our inbox keeps rising by the day. *** Would the real Enterprise Fantasy World Cup winner please stand up? We’re ready to announce the top finisher of our Fantasy World […]
Posted inFOR YOUR COMMUTE
China is about to lose its position as iPhone’s main manufacturing hub + There’s a whole lot of real estate and tourism capacity in Qatar
Will India and Vietnam overtake China as iPhone manufacturing hubs? Leading Apple suppliers, including Foxconn and Pegatron, are shifting their focus to assembly and packaging of Apple products outside of China, as they look to grow resilient amid a fractured global supply chain, according to a Counterpoint Research analysis cited by Bloomberg. Vietnam alone has […]
Posted inENTERPRISE RECOMMENDS
How Star Wars created its visual effects — and opened the door for more cinematic magic
? ON THE TUBE TONIGHT- (all times CLT) Learning the tricks of the movie magic trade: A six-part documentary series on the history of Industrial Light & Magic is now streaming on Disney+. When American visual effects artist Dennis Muren was first tasked with making the Star Wars script come to life by director George […]
Posted inENTERPRISE RECOMMENDS
Treat your World Cup withdrawal with some Egyptian PL matches + Why is Al Ahly playing in the 2023 FIFA Club World Cup?
⚽ If you’re still woozy from the emotional roller coaster that was yesterday’s World Cup final, you’re not alone. Argentina and Messi defeated defending champion France on penalties after a 3-3 tie in one of the most entertaining World Cup finals. Not missing a beat: The Egyptian Premier League, which is in full swing today: […]