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More robust results as we go down to the wire on earnings season: Yesterday saw another flurry of earnings releases land in our inbox, with contractors, tech, and pharma firms all posting strong results. Here’s the rundown: ELSEWEDY ELECTRIC- Elsewedy Electric’s revenues rose 53% to EGP 62.6 bn in 9M 2022, according to the company’s […]
Author Archives: enterpriseam admin
Posted inLAST NIGHT’S TALK SHOWS
Green hydrogen agreements and a new virus outbreak lead the talk shows
Green hydrogen dominated the airwaves last night after the government signed framework agreements for nine hydrogen and ammonia facilities that could be worth up to USD 83 bn (more on this in this morning’s news well, above). Kelma Akhira’s Lamis El Hadidi focused on the signed agreements with global firms, with SCZone head Walid Gamal […]
Posted inEGYPT IN THE NEWS
Alaa Abdel Fattah ends hunger strike + FT editors want the west to put diplomatic and economic pressure on us over human rights
Human rights is still topic du jour in the international press. The Financial Times’ editorial board wants western governments to use “diplomatic and economic leverage” to get us to make progress on human rights, while the theGuardian continues to beat its drum on the topic. The big human rights story is news that jailed dual-national […]
Posted inPLANET FINANCE
Empower climbs 2.3% on trading debut + Wow, is FTX a mess…
Empower rises on Dubai debut: Shares of Dubai’s district cooling provider, Empower, rose 2.3% on their debut on the Dubai stock exchange yesterday. The company recently raised AED 2.7 bn (USD 724 mn) in an IPO that saw huge demand from investors. As many as 1 mn people want their money back from FTX: Regulators […]
Posted inCALENDAR
NOVEMBER 6-18 November (Sunday-Friday): Egypt will host COP27 in Sharm El Sheikh. 13-22 November (Sunday-Tuesday): Cairo International Film Festival (CIFF). 15-16 November (Tuesday-Wednesday): G20 summit, Bali, Indonesia. 20 November (Sunday): House of Representatives is back in session. 21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar. 22 November- 23 November (Tuesday-Wednesday): The Fingerprint Summit will […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: Does the SFE want in on ACWA’s 1.1 GW Suez wind farm?
Good afternoon, wonderful people. It’s a slowish start to the news day — but we expect things to pick up later, with some exciting updates already making their way out of Energy Day at COP27. THE BIG STORY TODAY Is the SFE getting on board ACWA’s 1.1 GW wind farm in Suez? The Sovereign Fund […]
Posted inFOR YOUR COMMUTE
Put down your phones, boomers + AI’s new thing: “Eternity” for the deceased
Baby Boomers can’t seem to put down their phones. Excessive screen time is typically associated with children watching cartoons, teenagers playing video games, or young adults scrolling through social media and using messaging apps. However, one particular age group is struggling to put their devices down: Baby Boomers, according to the results of a Pew […]