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Good morning, friends, and happy hump day. There are just four days left of COP27 and it’s looking tense in Sharm as negotiators look for a way to reach an agreement that will cut emissions and mobilize tons of capital for climate finance. COP27 President Sameh Shoukry reiterated yesterday his plea for a “meaningful” climate […]
Author Archives: enterpriseam admin
Posted inUncategorized
2CELLOS — LIVE AT SOMABAY on 18 November, 2022: Mark your calendars — world-renowned and wildly popular cellist duo, 2CELLOS will be performing at Somabay on 18 November, 2022. Having racked up a bn-plus audio streams, countless sold-out concerts, and mns of fans across the globe in their 10 years together as 2CELLOS, the Croatian […]
Posted inAutomotive
It’s lift-off for the expat car-for-FX scheme
Cabinet is out with the rules and regulations for the expat car importscheme: The Madbouly government launches incentives to get Egyptian expats to import cars with foreign-currency today, and yesterday released details of the rules and regulations for the scheme, according to two separate statements (here and here). The rules were published yesterday in the […]
Posted inM&A WATCH
Vodacom wants to launch its superapp with Alibaba in Egypt
Vodacom is already making plans for Egypt: Vodafone’s South African subsidiary plans to launch financial services products in Egypt through its Vodapay superapp that it is developing with Chinese tech giant Alibaba Group, its CEO, Shameel Joosub, told Bloomberg yesterday. The company hopes to soon enter Egypt with the EUR 2.34 bn (USD 2.7 bn) […]
Posted inCLIMATE CEO POLL
The Enterprise Climate CEO Poll: EBRD’s Harry Boyd-Carpenter
Enterprise Climate CEO Poll- Harry Boyd-Carpenter: With just a few days to go until COP27 winds down in Sharm El Sheikh, Enterprise Climate and EnterpriseAM is continuing its inaugural Climate CEO poll. Our series of interviews with top C-suite execs and business leaders covers key issues being raised at the summit, including climate finance, regulation, […]
Posted inLEGISLATION WATCH
Senate tweaks FX-for-tax cut plan, contractors bill clears committee in the House
What happened in the upper and lower houses of parliament yesterday? #1- The contractor compensation bill is heading to the House general assembly: The House Housing Committee yesterday gave a final approval to amendments that would see the government pay compensation to contractors who have suffered losses on the back of recent economic reforms such […]
Posted inEARNINGS WATCH
Edita, GB Auto, e-Finance, ODE and EKH report 3Q 2022 earnings
Bold-name companies were in with buzzer-beaters as 3Q earnings season winds down. Real estate players continued to post strong results, as have food, investment, automotive, consumer finance and payments players. Here’s the rundown: EDITA Edita Food Industries reported record net income and revenues in 3Q 2022 on the back of stronger sales and higher prices, […]
Posted inMoves
Alex Medical appoints new board after Tawasol-LimeVest acquisition
Alex Medical gets a post-acquisition board shake-up: Alexandria Medical Services has welcomed new faces to its board after shareholders in September sold morethan 70% of the company to a consortium of LimeVest and Tawasol Holding, the company said in an EGX disclosure (pdf) yesterday. Heading up the board: LimeVest Managing Partner Sharif El Akhdar (LinkedIn) […]
Posted inLAST NIGHT’S TALK SHOWS
Construction at GEM is now finished
The nation’s talking heads mostly forgot about COP27 last night, with the bulk of airtime dedicated to discussing the launch of the government’s car import scheme for expats. Customs Authority boss El Shahat El Ghatwary was on El Hekaya (watch, runtime: 19:29) while Kelma Akhira’s Lamees El Hadidi talked to cabinet spokesperson Nader Saad (watch, […]