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Local healthcare company EDAM has new shareholders: PTS Investments Holdings’ Egyptian arm PTS Projects has acquired a minority stake in local healthcare startup EDAM in a USD six-figure transaction, marking its first transaction in our local market, PTS Investments Managing Director Maha Mandour told Enterprise. Going digital: EDAM will use the proceeds from the acquisition […]
Author Archives: enterpriseam admin
Posted inCommodities
Gold could be coming to the EMX in 1Q 2023
Gold could be listed on the newly-launched Egyptian MercantileExchange (EMX) in 1Q 2023, Nagy Farag, an advisor to the Supply Ministry on gold, told Enterprise. The ministry is hoping to complete the listing procedures within the next three weeks. This would be the second commodity available on the exchange: Traders are currently only able to […]
Posted inLEGISLATION WATCH
New building violation reconciliation law could leave almost 1 mn buildings in limbo
Owners of illegal buildings situated next to the Nile won’t be permitted to pay reconciliation fees and legalize their status under the new iteration of the building violations reconciliation law being discussed by lawmakers. The House Housing Committee yesterday voted to exclude the buildings from the legislation — along with structures built on archaeological land […]
Posted inENTERPRISE CLIMATE X FORUM
How USAID is supporting Egypt’s green transition
A conversation with Leslie Reed (LinkedIn), mission director for Egypt at USAID, at Enterprise Climate X Forum: The inaugural Enterprise Climate X Forum we held last week saw us dive deep into the climate economy in Egypt, from green hydrogen to the recently launched Nexus on Water, Food and Energy (NWFE) and climate finance. Among […]
Posted inMoves
Al Baraka Capital appoints Sarah Hosni as managing director, launches real estate arm
Al Baraka Capital has a new MD: Sarah Hosni (LinkedIn) was appointed managing director of Al Baraka Bank’s Islamic financial services arm, Al Baraka Capital, she wrote in a LinkedIn post. Hosni was formerly managing director and executive board member at Contact Financial’s underwriting arm Sarwa. And a new line of business: Al Baraka Capital […]
Posted inLAST NIGHT’S TALK SHOWS
Building Reconciliation Law + a government clampdown on food price hikes leads the talk shows
It was another mixed bag on talk shows yesterday, with the talking heads focusing on a warning to shop owners from the cabinet and the ongoing debate over the new Building Reconciliation Law (we have more on the latter in this morning’s news well, above). All retailers are going to need to start clearly displaying […]
Posted inUncategorized
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Posted inAlso on our Radar
The Senate Education Committee wants to introduce a 13-hour school day at public schools
EDUCATION Thirteen-hour school days: That’s the solution being proposed by the Senate Education Committee to tackle the problem of private tutoring. A committee report up for discussion in the Senate wants public school students to be at school from 8am to 9pm, and suggests breaking up the school day into three periods: 8am to 12pm, […]