Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Good morning, wonderful people, and welcome to one of those good-news, bad-news kind of mornings: FROM THE DEPT. OF GOOD NEWS: New figures from the CBE suggest that more than 60% of Egyptian adults are now participating in the formal financial system — more than double where we stood just a few short years ago. […]
Author Archives: enterpriseam admin
Posted inUncategorized
Enjoy renting with home comfort, privacy, exclusive privileges, and tailor-made packages for an unforgettable guest experience. A signature collection of handpicked serviced villas, chalets, apartments, and studios to transform your vacation into an exceptional experience, and to discover the magic of Somabay in luxury bliss. For booking inquiries, contact us by phone at +20155 600 […]
Posted inCEO POLL
Why McKinsey’s Jalil Bensouda thinks we could “go bigger and faster” than even Morocco on FDI and exports
We recently had breakfast with 20 top CEOs to talk about why exports and FDI are key to our economy going forward. After reading our five-step recipe for turning Egypt into a global export hub and FDI magnet, participating CEOs agreed to answer two questions on the record. Jalil Bensouda (LinkedIn) is senior partner at […]
Posted inEconomy
Some 60% of Egyptian adults have access to the financial system
The CBE’s financial inclusion drive, in numbers: Egypt’s financial inclusion rate — the percentage of citizens above the age of 16 who hold a bank account, mobile wallet or pre-paid card — has grown 131% between 2016 and 2022, according to a Central Bank of Egypt report (pdf) published yesterday. Some 40 mn adults (60.6%) […]
Posted inIMPORTS
PM, CBE governor working to drum up FX
Central Bank Governor Hassan Abdalla and Prime Minister Moustafa Madbouly discuss ensuring that FX remains available and stable for strategic goods, according to a cabinet statement. Their statement stressed that they’re working to boost FX reserves by drumming up FX, including by attracting more FDI, boosting tourism, and through the expat car import scheme. Imports […]
Posted inLAST NIGHT’S TALK SHOWS
Last Night’s Talk Shows: Commodities exchange kicks off
It was a quiet night on talk shows yesterday, with the pundits focusing on yesterday’s launch of the Egyptian Mercantile Exchange (EMX). The kickoff of our commodities exchange yesterday “surpassed expectations,” EMX Chairman Ibrahim Ashmawy told Ala Mas’ouleety (watch, runtime: 17:22). The 12k tons of Russian wheat offered to traders was nearly twice oversubscribed, Ashmawy […]
Posted inEGYPT IN THE NEWS
Egypt in the News: More COP postmortems
On a slow day for mentions of Egypt in the international press, a short documentary by the Intercept asks where the human rights debate that grew up around the COP27 climate summit in Sharm El Sheikh could go next, as the world prepares for the 2023 iteration of the climate summit in Dubai (watch, runtime: […]
Posted inAlso on our Radar
Does PIF want more of EIPICO?
Among the other stories we’re paying attention to this morning: PHARMA- EIPICO says it hasn’t been formally told Saudi’s PIF wants to up its stake: EIPICO IR Manager Abdel Raheem Ghareeb tells us that the company has not received any official notice that Saudi Arabia’s Public Investment Fund (PIF) intends to up its stake in […]