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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 […]
Author Archives: enterpriseam admin
Posted inEnergy
Masdar-Infinity-Hassan Allam consortium could ink agreements on 10-GW wind farm by year’s end
Like the wind: Final contracts for the 10 GW Masdar-Infinity-Hassan Allam windfarm announced last week at COP27 could be signed before the end of the year, Hesham El Gamal, general manager at Infinity, told Bloomberg Asharq. The timeline: The consortium aims to complete studies and reach financial close within 18 months of signing the contracts, […]
Posted inDevelopment finance
EIB could commit USD 1.5 bn in new financing to Egypt
EIB could invest in water projects in Egypt: The European Investment Bank (EIB) plans to commit USD 1.5 bn in new financing to Egypt, primarily focusing on water treatment, the bank’s VP, Gelsomina Vigliotti, told Bloomberg Asharq on the sidelines of the COP27 summit. Vigliotti didn’t provide further information about which projects the bank could […]
Posted inCOP WATCH
EBRD to help out some of our most promising local green startups
Our friends at the EBRD are taking six Smart Green Governorates startups under their wing: The European Bank for Reconstruction and Development (EBRD) will ink an agreement with the Planning Ministry to provide technical support to six of the eighteen startups showcased in the ministry’s Smart Green Governorates initiative, project coordinator Hisham Badr confirmed to […]
Posted inA MESSAGE FROM HSBC
Banks can play an important role in the transition journey of SMEs
By Natalie Blyth If the world is to meet its net zero targets by 2050, businesses must contribute by innovating quickly and at scale. Large firms are already in the spotlight in this regard, and many are making good progress. But the role that SMEs need to play in the net zero transition is critical, […]
Posted inCLIMATE CEO POLL
The Enterprise Climate CEO Poll: Orascom Construction’s Osama Bishai
Enterprise Climate CEO Poll- Osama Bishai, Orascom Construction: As COP27 rolls on, so does the inaugural Climate CEO Poll from Enterprise Climate and EnterpriseAM. In this series of interviews, we discuss key issues with top CEOs including climate finance, regulation, and the move towards a green economy. Osama Bishai (LinkedIn) is CEO of Orascom Construction […]
Posted inLEGISLATION WATCH
FX-for-tax cuts plan earns Senate approval
Senators approve FX-for-tax cuts incentives: The Senate has approved legalamendments that would grant income tax breaks to investors who use FX to finance at least half of the cost of their projects. Under the proposed amendments to the 2017 Investment Act, companies would receive a tax cut of up to 55% on income generated by […]
Posted inEARNINGS WATCH
Raya CX net income falls 61% in 9M 2022
Raya Customer Experience (Raya CX) saw its net income decline 61% y-o-y to EGP 7.8 mn in 9M 2022, thanks to rising wages and technology costs as the firm expands, according to its latest earnings release (pdf). The company’s top line grew 51% y-o-y to EGP 848.3 mn in the nine-month period, led by the […]
Posted inMoves
Business France gets new Egypt director
Romain Guizard (LinkedIn) has been appointed Business France’s Egypt director and commercial counselor of the French Embassy in Cairo, the organization said in a statement (pdf) last week. Guizard will help French companies expand in Egypt via an export development strategy and will draw up a strategy to help Egypt-based investors do business in France. […]