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The UAE’s Dana Gas has received offers from companies interested in buying its USD 500 mn Egypt portfolio, the company’s head of investor relations Mohammed Mubaideen told Mubasher. The company could potentially sell all of its assets in Egypt, depending on the offers it receives, Mubaideen said, adding that the deadline to receive offers is […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Actis takes over two more Abraaj buyout funds in Africa and Southeast Asia
Actis takes over two more Abraaj buyout funds: Actis has reached an agreement to take over the management of two more buyout funds raised by defunct private equity giant Abraaj, according to the Wall Street Journal. A document written by Abraaj’s liquidators shows that the firm was removed from managing Abraaj Africa Fund II and […]
Posted inSpeed Round
Egypt to get authority to regulate waste management
CABINET WATCH- Egypt is officially getting a waste management regulation authority: The Madbouly Cabinet approved in its weekly meeting yesterday draft legislation to set up an independent authority to regulate waste management, according to a statement. The authority would be in charge of monitoring and developing all aspects related to waste management as well as […]
Posted inSpeed Round
CORRECTION- We incorrectly said in yesterday’s issue that Sarwa Capital is issuing EGP 2 bn of securitized bonds backed by real estate developer Palm Hills. The correct figure is EGP 1 bn. The entry has been corrected on our website. CORRECTION- Transport Ministry denies 6 October dry port contract award news: The Transport Ministry denied […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 12 September 2019
Topping coverage of Egypt in the foreign press this morning is eleven senior members of the Ikhwan being sentenced to life in prison on Wednesday on charges of spying for Hamas, according to a judicial source. The group includes supreme guide Mohamed Badie and his deputy Khairat Al Shater, both of whom were given life […]
Posted inWorth reading
Brazilian scientists use tech to demonstrate economic benefits of conservation
Brazilian scientists use tech to demonstrate economic benefits of conservation: A group of scientists, activists, and businesspeople in Brazil hopes to use technology to combat the widespread deforestation that has been increasing since hardline president Jair Bolsonaro was elected last year, according to the Financial Times. AI researchers, big data experts, and biochemists believe that […]
Posted inWorth watching
Braving the unknown, in a balloon
Around the world in 20 days: It might be the oldest form of flight, but until March 1999 no one had ever made a non-stop round-the-world flight in a balloon. All this changed when pilots Brian Jones and Bertrand Piccard set off from Switzerland on a 20-day adventure, in a pressurized capsule specially designed to […]
Posted inDiplomacy + Foreign Trade
Arab League considers Syria’s reentry
Arab League considers bringing Syria in from the cold: Members of the Arab League discussed Syria’s potentially imminent return to the organization during a meeting this week, Foreign Ministry Sameh Shoukry told reporters, according to local press. Members are waiting for tensions to subside in Syria to further study the best time for its reentry. […]
Posted inDiplomacy + Foreign Trade
Qatari must comply with demands to solve Gulf crisis: Shoukry
Qatar has not shown willingness to comply with Arab Quartet demands -Shoukry: Qatar must accede to demands made by the Arab Quartet if it wants to normalize relations, but has shown no “real interest” in doing so, Foreign Minister Sameh Shoukry told Asharq Al Awsat. Saudi Arabia, the UAE, Bahrain, and Egypt put forth a […]