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Saudi Aramco subsidiary Luberef plans to go public by selling a c.30% stake on the Tadawul, according to the company’s intention to float (pdf). Jadwa Industrial Investment Company is the selling shareholder, while Saudi Aramco will retain its 70% stake in the company, the ITF reads. Luberef plans to announce the indicative price range for […]
Author Archives: enterpriseam admin
Posted inDiplomacy
Erdogan is keen for another handshake from El Sisi
The handshake that buried the hatchet? Turkish President Recep Tayyip Erdogan hinted that he could meet formally with President Abdel Fattah El Sisi as the two countries look to mend a decade-long rift. In comments to a Turkish TV channel, Erdogan said “the process with Egypt has started” and “after minister-level talks, we will get […]
Posted inCALENDAR
NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. 27 November (Sunday): Senate in session. 27-28 November (Sunday-Monday): The first edition of the Egypt Media Forum. 27-30 November (Sunday-Wednesday): Cairo ICT and Pafix, Egypt International Exhibition Center, New Cairo. 29 November - 6 December (Tuesday-Tuesday): US and Russia to hold talks on resuming mutual […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: More than half of our adult population is now banked + Protests break out in Shanghai over covid zero policies
Good afternoon, wonderful people. The very busy week we anticipated this morning has yet to materialize — but it’s only Sunday. THE BIG STORY TODAY The CBE’s financial inclusion drive, in numbers: Egypt’s financial inclusion rate — the percentage of citizens above the age of 16 with “transactional” bank accounts — has grown 131% between […]
Posted inFOR YOUR COMMUTE
Crypto winter hasn’t spilled over into the traditional financial sector + Mini robots to administer drugs and treat disease?
Why the collapse of crypto hasn’t really tainted the world’s economy: Crypto, which was once valued at around USD 3 tn, has lost 72% of its value y-o-y, with little to no impact on the traditional financial sector, according to Wall Street Journal’s chief economics commentator Greg Ip. Because the asset class isn’t linked to […]
Posted inENTERPRISE RECOMMENDS
An uplifting true story of Syrian immigrant sisters in The Swimmers
? ON THE TUBE TONIGHT- (all times CLT) Hope floats in The Swimmers: The Syrian Mardini sisters’ true-life story is so extraordinary that it should come as no surprise that director Sally El Hosaini made a film about them. Sara and Yusra Mardini fled their war-torn hometown of Damascus by boat in 2015 in search […]
Posted inENTERPRISE RECOMMENDS
The World Cup keeps getting more interesting
⚽We’re halfway through day eight of the World Cup, and the matches keep getting more interesting. Costa Rica — which lost to Spain 7-0 last week — beat Japan today 1-0. Currently on the pitch: Belgium and Morocco kicked off their match a few minutes before we hit “send” on this afternoon’s edition. Later tonight: […]
Posted inENTERPRISE RECOMMENDS
A classic start to the day with freshly brewed coffee and a simple sandwich
☕EAT / DRINK THIS TONIGHT- Start your day on the right note with a freshly brewed cup of coffee and a yummy sandwich from Toasted. The Sheikh Zayed eatery kept its concept basic, giving you a taste of the good ol’ days and proving that less is more when it comes to choosing sandwich ingredients. […]