Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Luckily for everyone (including us), yesterday was (mostly) a COP-less night, with the nation’s talking heads focusing on the deadly explosion in Turkey and several domestic topics. Remember that law regulating shops that was passed way back in 2019? That’s apparently coming into force in a matter of days, Rep. Ahmed El Seginy, who heads […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
COP27 + climate continues to dominate the conversation on Egypt
COP27 might have taken a day off yesterday, but climate is still leading the conversation on Egypt in the foreign press this morning. Environment Minister Yasmine Fouad talks to the Associated Press about Egypt’s aims for the negotiations, the New York Times writes that our antiquities are under threat from the effects of climate change […]
Posted inAlso on our Radar
Turkish industrial giant eyes Egypt’s auto sector
M&A Watch: The Financial Regulatory Authority is examining a voluntary tender offer by Vodacom to acquire 0.05% of Vodafone Egypt for EUR 17.92 a share, it said in a statement (pdf) yesterday. The transaction would see the South African subsidiary acquire 124,600 shares in Vodafone Egypt for almost EUR 2.5 mn. Vodacom is in the […]
Posted inPLANET FINANCE
FTX + SBF could face criminal probes following collapse
The fallout from the collapse of FTX continues to dominate the news flow in the business press: Once the world’s third-largest crypto exchange, FTX filed for bankruptcy over the weekend, and state investigators in the Bahamas are probing for signs of criminality. Analysts said that hundreds of mns of USD vanished from the exchange in […]
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: EGX back in the green + Democrats’ victory in the US Senate is all anyone can talk about
Good afternoon, friends. We have a relatively calmer start to the week — with some good news to boot. THE BIG STORY TODAY The EGX is back in the green YTD for the first time in 10 months: The benchmark EGX30 index is up 0.3% year-to-date after rising 1.9% in today’s trading, marking the first […]
Posted inFOR YOUR COMMUTE
US equities are having a better time + Beauty product sales are on the up and up, even as inflation continues to bite
US stocks had their best day since 2020 on Thursday in the wake of weaker-than-expected inflation data that could allow the Federal Reserve to begin to slow the pace of its interest rate hikes. By the numbers: The tech-heavy Nasdaq surged 7.4% while the S&P 500 closed 5.5% higher. The Nasdaq finished the week 8.1% […]