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The policy will first be applied to fertilizer players, one of the sources told us
Author Archives: enterpriseam admin
Posted inM&A WATCH
Egypt Kuwaiti Holding wraps EGP 3.2 bn sale of Delta Ins. to Morocco’s Wafa
EKH booked an estimated USD 46 mn gain from the transaction in its standalone financials
Posted inSpotlight
EFG Holding’s Karim Awad, Mohamed Ebeid talk resilience and financial deglobalization at FII9
How to build a resilient company — and ensure its survival amid headwinds: EFG Holding has focused on building a resilient and shock-immune company over the past several years as the goal became “not a choice, but a matter of survival,” CEO Karim Awad said at FII9 in Riyadh last week, where EFG Hermes was […]
Posted inREGULATION WATCH
FRA rolls out new audit standards for the first time in 17 years
The new standards replace outdated rules with a revamped framework aligned with international practices
Posted inCapital markets
EGX climbs 4.4% in October as defensives lead broad market rally
Total market capitalization rose 7.11% to hit EGP 2.8 tn.
Posted inEGYPT IN THE NEWS
Tipflation
Prices for pretty much everything have risen over the last few years — and that includes tipping, notes the New York Times in a deep dive into how tipping culture in Egypt has changed amid high inflation and a tough economy for many. Tipping is increasingly being relied upon by low-wage workers to make ends […]
Posted inAlso on our Radar
Elmarakby Steel plans EGP 500 mn factory upgrade
PLUS- Friday plans to invest over EUR 15 mn into expanding production capacity
Posted inPLANET FINANCE
Some 80% of private equity firms to turn into zombie firms in the next 10 years as fresh capital dries up
It’s not just a nightmare on Wall Street, but a global issue