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NOVEMBER 13-22 November (Sunday-Tuesday): Cairo International Film Festival (CIFF). 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. 22 November- 23 November (Tuesday-Wednesday): The Fingerprint Summit will be held at the Nile Ritz Carlton Hotel. 27 November (Sunday): Senate in session. 27-28 November (Sunday-Monday): The first edition of the Egypt Media Forum. 27-30 November (Sunday-Wednesday): […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
THIS MORNING: Gov’t in no hurry to restart IPO program + Nafeza’s air freight rollout pushed back indefinitely
Good morning, wonderful people, and happy hump day. COP is now in our rearview, and our reward is a massive bolus of business news, only some of which is linked to climate. Still need some climate news? Head over to Enterprise Climate, which this morning has a look at the next steps for the Madbouly […]
Posted inUncategorized
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Posted inInfrastructure
Gov’t to start receiving offers on water desalination projects on Thursday
Gov’t to get the ball rolling on desalination this week and next: Developers interested in bidding for a piece of the Madbouly government’s multi-bn USD water desalination program can start handing in pre-qualification files starting on Thursday and will need to wrap up their submissions by next week, two government sources and a top private-sector […]
Posted inFINANCIAL SERVICES
The finance industry should be cheering the ‘upheaval’ at Beltone
Employees at Beltone SME have reportedly resigned en masse in what Bloomberg Asharq reports is opposition to a restructuring being carried out by the parent company, Beltone Financial. The newspaper claims staff at Beltone’s SME unit handed in their notices after new Beltone Financial owner Chimera Investment kicked off a restructuring plan. Neither company responded […]
Posted inM&A WATCH
Actis-backed Honoris’ acquisition of Merit University is off
Honoris won’t be acquiring Merit University after all: Actis-backed HonorisUnited Universities’ acquisition of Merit University in New Sohag City has fallen through after the two sides failed to reach an agreement, Seddik Afifi, chairman of Merit University’s board of trustees, told Al Mal. Afifi confirmed the news when we spoke with him yesterday afternoon. The […]
Posted inStartup watch
Local pharma startup closes USD 8 mn round + Klivvr gets CBE nod
Local B2B pharma platform Grinta has closed a USD 8 mn seed round led by MENA-focused VC Raed Ventures and local fintech fund Nclude, with participation from Endeavor Catalyst and 500 Global, it said in a press release (pdf) yesterday. The capital raised will help the company expand locally, growing its team and scaling its […]
Posted inLEGISLATION WATCH
House gives preliminary approval to tighter controls on telecom equipment
MPs give early nod to tighter controls on telecom equipment: The House of Representatives approved in principle legislative amendments that would tighten controls on telecom equipment considered a threat to national security. Amendments to the 2003 Telecommunications Act approved by the Senate last month would ban the possession, use, manufacture of any telecom equipment without […]
Posted inLAST NIGHT’S TALK SHOWS
The viral outbreak + the World Cup were topics du jour on the airwaves last night
COP27 and climate change barely got a look-in on the airwaves last night for the first time in what seems like a lifetime: Replacing it were RSV, the World Cup and yesterday’s earthquake in the Mediterranean. This story went viral on the airwaves: Everyone and their mothers were talking about the respiratory virus currently infecting […]