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CEEC will pour investments in desalination, renewable energy, and energy storage
Author Archives: enterpriseam admin
Posted inEconomy
IMF to begin fifth, sixth loan reviews this month?
The Finance Ministry has committed to an IMF condition that places an EGP 238 bn cap on its unified treasury account
Posted inDEBT WATCH
FinMin ramps up borrowing target for September on strong demand
FinMin has upped its monthly borrowing target for September to EGP 838 bn, up from EGP 670 bn in August
Posted inRETAIL
Majid Al Futtaim earmarks EGP 1.9 bn in investments for the local market this year
The company plans to expand its retail footprint in Egypt by 2030 to 400 stores
Posted inAutomotive
Auto sales slip for first time in six months in July
Auto sales fell 4.9% m-o-m in July to 15.6k units
Posted inBanking
Egyptians among 1k wealthy clients facing discontinued service from HSBC’s Swiss private bank
The bank is reportedly looking to lower its exposure to high-risk clients
Posted inLAST NIGHT’S TALK SHOWS
Last Night’s Talk Shows on the British Embassy in Cairo closing its doors
The British Embassy in Cairo has closed its doors after the security barriers outside the building in Garden City were removed by Egyptian authorities, the embassy wrote in a statement. It will remain closed “while the impact of these changes is reviewed.” Until then, emergency consular assistance will be available through its hotline and pre-booked […]
Posted inAlso on our Radar
SA International to invest EGP 500 mn on new Alexandria factory
INVESTMENT WATCH- Oil and gas inspection and NDT services provider SA International plans to invest EGP 500 mn to build a new factory in Alexandria, Al Borsa reports, citing General Manager Abdullah El Sayyad. The facility will manufacture spare parts and equipment for petroleum inspection operations, targeting to meet about 10% of local demand in […]