Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
The National Youth Conference was (expectedly) the topic du jour on the airwaves last night. Participants in the one-day event included members of the Presidential Leadership Program (PLP), university students, young politicians, young technicians working in national projects, and young physicians and businessmen. You can watch Masaa DMC’s coverage of the conference here (runtime: 28:02). […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt’s position as regional gas export hub for East Med gets US support
Egypt’s position as regional gas export hub for East Med gets US support: US Deputy Energy Secretary Dan Brouillette met with Oil Minister Tarek El Molla on Thursday in Cairo to discuss moving forward with the US-Egypt Strategic Energy Dialogue — a bilateral cooperation initiative aimed at strengthening Egypt’s energy production, storage and distribution capacity. […]
Posted inSpeed Round
Dana Gas considers multiple scenarios for sale of Egypt assets, will decide in November
Dana Gas considers multiple scenarios for sale of Egypt assets, will decide in November: Dana Gas is considering offloading remaining arrears owed to it by the Egyptian state on to whoever ends up buying its Egyptian assets, CEO Patrick Allman-Ward told the UAE’s Al-Ittihad newspaper on Wednesday. Speaking on the sidelines of the World Energy […]
Posted inSpeed Round
Shorts are expected to come to Egypt’s stock exchange in November
Shorts are expected to begin in November: The Financial Regulatory Authority (FRA) is expected to give the green light to begin short-selling on the EGX in November, FRA deputy head Khaled El Nashar said on Thursday following a meeting with FRA’s consultation council, and the heads of the EGX and Misr for Central Clearing, Depository, […]
Posted inSpeed Round
Egypt’s Orascom, Germany’s Siemens to rebuild Iraq’s Baiji power complex
OC-Siemens consortium to rebuild 1.6 GW power plant complex in Iraq’s Baiji: A consortium comprising Orascom Construction (OC) and Siemens has signed an agreement with the Iraqi government to rebuild two gas-powered energy plants in the war-torn city of Baiji, north of Baghdad, OC said in a press release (pdf). The plants are expected to […]
Posted inSpeed Round
Regional investors looking at Egypt’s 1.5 mn feddan project
INVESTMENT WATCH- Regional investors eyeing 1.5 mn feddan project: The Egyptian Countryside Development Company (ECDC) has received three offers from regional investors to develop land as part of the 1.5 mn feddan project, Chairman Ater Hanoura told Al Mal. Saudi Arabian company Dallah Al-Baraka is seeking 25k feddans in Al Maghrah for poultry and olive […]
Posted inSpeed Round
Qalaa declares all units at ERC are a go
Qalaa declares all units at ERC are a go: The Egyptian Refining Company (ERC) has successfully begun hydrocracker operations, Qalaa Holdings said in a bourse filing on Thursday (pdf). With that, all the plant’s units are now operational, the firm said of its flagship project, which has drawn in USD 4.4 bn in investments. Qalaa, […]
Posted inSpeed Round
Egypt calling Port Said’s private providers to sign up for new healthcare scheme
Gov’t calls on Port Said’s private healthcare insurers, providers to sign up for universal healthcare scheme: The Universal Health Insurance Authority (UHIA) will begin in a few days receiving requests from Port Said’s private healthcare providers to sign up to provide services under the new healthcare system, the Finance Ministry said in a statement. Applicants […]
Posted inSpeed Round
El Sisi addresses accusations of military, government corruption at Egypt’s National Youth Conference
El Sisi slams accusations of military, gov’t corruption: Accusations that the government and military have been misusing and squandering public funds are “sheer lies and defamation,” President Abdel Fattah El Sisi said yesterday, addressing allegations leveled against the state by businessman Mohamed Ali, the Associated Press reported. Ali had claimed in a series of videos […]
Posted inSpeed Round
CORRECTION- Actis takeover of Abraaj Africa Fund II has no connection with Cleopatra
CORRECTION- Actis takeover of Abraaj Africa Fund II has no connection with Cleopatra: Private equity firm Actis’ takeover of Abraaj Africa Fund II and Abraaj South East Asia Fund II last week will not impact the shareholder structure of Cleopatra Hospitals Group, as neither fund holds a stake in the company. “Cleopatra Hospitals Group’s management […]