Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
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 […]
Author Archives: enterpriseam admin
Posted inCOP WATCH
Landmark loss and damage pact is the centerpiece of COP27 for emerging markets
Delegates from nearly 200 countries left COP27 yesterday with a landmark agreement to create a loss and damage fund to help vulnerable countries cope with climate disasters triggered by richer countries’ emissions, the COP27 presidency said in a statement (pdf). The agreement came after a long stretch of tense negotiations that saw rifts between developed […]
Posted inEnergy
Lekela earmarks USD 2 bn to grow its Egyptian renewables portfolio
Renewable power company Lekela Power is looking to invest USD 2 bn in Egypt over the next four years as part of a USD 6 bn plan to quadruple its energy production capacity to 4 GW from a current 1.1 GW, CEO Chris Antonopoulos told Bloomberg Asharq on the sidelines of COP27. In detail: One-third […]
Posted inPolicy
Central bank to end support for subsidized loans
The Central Bank of Egypt is going to stop providing funding for subsidized loans and pass the responsibility to the housing, finance and tourism ministries, under a decree issued by Prime Minister Moustafa Madbouly in the Official Gazette yesterday. Refresher: For the past couple of years, the CBE has run initiatives designed to improve access […]
Posted inPrivatization
SFE pre-IPO roadshow on ice for the coming weeks
A planned roadshow for the Sovereign Fund of Egypt’s pre-IPO fund by the Sovereign Fund of Egypt (SFE) has been pushed to late December or the beginning of January, Planning Minister Hala El Said said in an interview with Al Borsa. The roadshow was planned for the end of November but was delayed due to […]
Posted inM&A WATCH
GB Auto okays MNT stake sale after accepting fair value study
GB Auto approves MNT stake sale: GB Auto’s board has greenlit plans to sell a 7.5% stake in MNT Investments to Abu Dhabi-based investment firm Chimera Investments after approving the results of a fair value study (pdf), it said in an EGX disclosure (pdf) yesterday. ICYMI- The Netherlands-incorporated fintech — majority-owned by GB Auto subsidiary […]
Posted inA MESSAGE FROM HSBC
The road to COP28 starts here
By Abdulfattah Sharaf (DUBAI) – Global climate meetings held in Sharm El Sheikh, Egypt over the last two weeks have been about far more than officials, scientists and advisers from governments around the world gathering to restate national net zero targets. Based on the hundreds of meetings my colleagues and I had with clients, policymakers, […]
Posted inLEGISLATION WATCH
House gives initial approval to contractor compensation bill
MPs are giving contractors a break, approving in principle yesterday amendments that would allow builders who have suffered losses on state projects due to recent economic reforms to receive compensation from the government. Widening the scope: A 2017 law — which was originally drafted for economic reforms undertaken between March and December 2016 — will […]
Posted inLAST NIGHT’S TALK SHOWS
Last Night’s Talk Shows: COP27 and the World Cup dominate the conversation on the talk shows
It was a mixed bag on talk shows yesterday: Leading the coverage was the final agreement at COP27, the “historic” handshake between El Sisi and Erdogan at the World Cup, and Qatar’s defeat to Ecuador in the opening game of the tournament. COP wrap: In an interview on Al Hayah Al Youm (watch, runtime: 15:12), […]