Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Alstom signs Metro Line 6 framework agreement: French rolling stock manufacturer Alstom signed a framework agreement with the National Authority for Tunnels to design, build and maintain Cairo Metro Line 6 on the sidelines of the COP27 summit, the company said in a statement picked up by Zawya. The 27-station, 35-km line will be the […]
Author Archives: enterpriseam admin
Posted inDevelopment finance
Another chunk of development finance from Germany
Egypt and Germany inked nine cooperation and financing agreements worth EUR 160 mn on the sidelines of COP27 last week, the International Cooperation Ministry said in a statement Thursday. #1- International Cooperation Minister Rania Al Mashat and German counterpart Svenja Schulze signed an EUR 80 mn grant to finance three unspecified projects to improve private […]
Posted inEARNINGS WATCH
CI Capital, IDH + Raya Holding report 3Q earnings
Earnings continued in earnest on Thursday, with a number of high-profile companies releasing their 3Q 2022 figures. CI CAPITAL- CI Capital reported a 28% increase in revenues to EGP 2.5 bn in 9M 2022, it said in a statement (pdf). Net earnings after tax and minority interest rose to EGP 486 mn, up 18% from […]
Posted inMoves
Ibrahim Ashmawy reportedly reappointed head of ITDA for second term
Ibrahim Ashmawy will serve a second four-year term as head of the Supply MInistry’s Internal Trade Development Authority (ITDA) per a decision by Prime Minister Moustafa Madbouly, according to the local press.
Posted inLAST NIGHT’S TALK SHOWS
COP27 + World Cup dominate the airwaves. Plus: Schools aren’t closing due to spread of RSV
COP27 returned to our TV screens in a big way last night: The nation’s talking heads took two approaches to subject, with Kelma Akhira’s Lamees El Hadidi focusing on current state of the negotiations and the global implications of the summit, and most everyone else looking at COP27 as an Egypt success story. Egypt’s chief […]
Posted inEGYPT IN THE NEWS
We’re now in week 3 of climate + human rights dominating the foreign press
A last round of COP + Egyptian climate news in the international press: The Washington Post is out with another piece criticizing Egypt’s organization of the climate summit as “chaotic,” while the National takes a closer look at the green businesses exhibiting at the conference’s Green Zone. The Post is also out with a story […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inAlso on our Radar
Qatar Diar has eight years to finally finish its City Gate project in New Cairo
Qatari Diar has until 2031 to finish City Gate: The New Urban Communities Authority (NUCA) has given Qatari Diar subsidiary East Gate Developments eight years from January 2023 to complete its USD 8 bn City Gate project in East Cairo, Al Shorouk reported yesterday, citing sources familiar with the matter. The authority has granted East […]