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Surprise, folks: It was another rather uneventful on the country’s airwaves. The talking heads were occupied with the Baltim natural gas field going online,recent regulatory amendments, and the latest meeting of top government officials. Eni’s Baltim goes online: Egypt’s Baltim South West natural gas field at a rate of 100 mcf/d, Al Hayah Al Youm’s […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Farm Frites opens USD 40 mn factory, aims to increase exports to 65%
INVESTMENT WATCH- Dutch food manufacturer Farm Frites has launched a new, USD 40 mn production line for producing potato chips in 10 Ramadan City, the Investment Ministry said in a statement. “We aim to export 65% of the products manufactured here, and raise our export markets to 20 countries,” Managing Director of Farm Frites Egypt […]
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Is Rameda Pharma the mysterious pharma company planning a USD 61mn IPO?
IPO WATCH- Is Rameda Pharma the mysterious pharma company planning a USD 61mn IPO? Remember that unnamed pharma company that Financial Regulatory Authority official Sayed Abdel Fadeel said is planning a USD 61 mn initial public offering on the EGX this year? Well, Al Mal is speculating that the company in question is actually Rameda […]
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Uganda’s central bank gives Egypt’s BdC green light to buy out Cairo International Bank
M&A WATCH- Ugandan central bank gives BdC green light to buy out Cairo International Bank: The Ugandan central bank has signed off on Banque du Caire’s (BdC) full acquisition of Cairo International Bank in Kampala, Uganda, Chairman Tarek Fayed told Amwal Al Ghad. BdC previously owned 60% of the bank, and is now acquiring the […]
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FRA targeting a total of EGP 16 bn in securitized bond issuances in 2019
The Financial Regulatory Authority (FRA) is targeting a total of EGP 16 bn in securitized bond issuances in 2019, of which EGP 10 bn have already been issued, Sayed Abdel Fadeel, head of the FRA’s corporate finance department, told Al Mal. Consumer and structured-finance player Sarwa Capital said last week it’s issuing EGP 4 bn […]
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ODH aims for south Sinai project to turn in profit next year
Could the return of German direct flights to Taba see ODH turn a profit from Taba Heights? Orascom Development Holding (ODH) aims for its Taba Heights project in south Sinai to turn in a profit in the coming year, during which it plans to launch four new hotels in four different countries, CEO Khalid Bishara […]
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First Baltim South West natural gas well goes online with 100 mcf/d
The first of six wells in BP and Eni’s Baltim South West natural gas field has begun producing 100 mcf/d, the Oil Ministry said in a statement. The field’s total production is expected to reach 500 mcf/d once the other five wells are completed by 2Q2020. Eni, which shares production on the field with BP […]
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Dawi Clinics operating at 15% of capacity, with significant room for growth
STARTUP WATCH- Can a healthcare startup in Egypt manage to scale up and not lose its way? Our good friend Magda Habib seems to think so, and she believes her startup Dawi can do it. In an interview with the Financial Times, she says that the primary healthcare clinic chainDawi Clinics is currently operating at […]
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There will be no talks between Iran and the US, says Iran’s supreme leader
And now, Season 2 of how a remote-controlled plane disrupted the global oil supply: US President Donald Trump dialed back his rhetoric about Iran’s responsibility for Saturday’s attack on Saudi Aramco’s Abqaiq facility, which has disrupted 5.7 mn barrels of oil a day, or roughly 5% of global supply. Using more muted language than Monday’s […]
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OPPO appoints Ethan Xue as new MEA president
MOVES- OPPO gets new MEA boss: Chinese electronics firm OPPO has appointed Ethan Xue as its new Middle East and Africa president, replacing Andy Shi, the company said in a press release (pdf). Xue previously lead the training division before heading marketing in China. OPPO’s regional office is in Dubai.