Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Swedish furniture and home accessories retailer Ikea opened a new store west of Cairo in the Mall of Arabia to serve customers in the area until its full-scale store opens its doors in 2020, Al Shorouk reported. Fawaz AlHokair Group’s Marakez inked a long-term lease agreement with Al Futtaim Misr for Retail to open a […]
Author Archives: enterpriseam admin
Posted inOther Business News of Note
Egypt’s exporters awaiting clarity on new export subsidies program
Egypt’s exporters are awaiting clarity on how the government is planning to implement the new export subsidies program, Ihab Abdel Zaher, member of the export council for textiles and readymade garments said. The new program promises to disburse EGP 6 bn per year in export subsidies, and was supposed to have started from the onset […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.49 | Sell 16.62 EGP / USD at CIB: Buy 16.50 | Sell 16.60 EGP / USD at NBE: Buy 16.50 | Sell 16.60 EGX30 (Sunday): 14,932 (+0.7%) Turnover: EGP 622 mn (2% above the 90-day average) EGX 30 year-to-date: +14.5% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
September: Cairo will host an Egypt-Hungary business forum, according to a Trade Ministry statement (pdf) 2-4 September (Monday-Wednesday): The Big 5 Construct Egypt, Egypt International Exhibition Center, Nasr City, Cairo. 3-4 September (Tuesday-Wednesday): Shared Services and Outsourcing Forum Middle East, Nile Ritz Carlton, Cairo. 8 September (Sunday): The Supreme Administrative Court has postponed appeals filed […]
Posted inWhat We're Tracking Today
What we’re tracking on 1 September 2019
Good morning, ladies and gents — and welcome to September. The end of Sahel season as we know it means the promise of slightly better weather to brave the uptick in traffic from the new school year. Across the pond, your colleagues in North America are ringing in the new month with a three-day weekend […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi’s meetings, Kuwait visit dominates talk show coverage in Egypt
President Abdel Fattah El Sisi was front and center on the airwaves last night. Masaa DMC took note of the president’s meeting with Japan's Mitsubishi Corporation CEO Takehiko Kakiuchi on the sidelines of the Tokyo International Conference on African Development (Ticad), which we cover in detail in this morning’s Speed Round, below (watch, runtime: 0:31). […]
Posted inSpeed Round
Wave two of Egypt’s state privatization program kicked to early 2020
EXCLUSIVE- Wave two of state privatization program kicked to early 2020: The second wave of the state privatization program, which consists only of IPOs, has been postponed to after January 2020 from an original September 2019 date, Public Enterprises Minister Hisham Tawfik told Enterprise. “Some procedures have taken longer than expected, and we won’t be […]
Posted inSpeed Round
Moody’s maintains Egypt’s outlook at B2 stable
Moody’s confirms Egypt’s credit rating at B2, outlook stable: Credit rating agency Moody’s has maintained its Egypt rating at B2 with a stable outlook, citing its large debt load and persistently weak albeit improving government finances. Public finances to continue improving: Moody’s expects the government’s fiscal deficits to continue narrowing as it pushes ahead with […]
Posted inSpeed Round
Japan, African Union sign investment declaration at Ticad
Japan, African Union sign investment declaration at Ticad: Egypt signed a 13-page declaration with Japan and other African countries to promote Japanese investment in Africa at the end of the three-day Tokyo International Conference on African Development (Ticad) in Yokohama on Friday. The declaration, which aims to channel USD 20 bn of Japanese investment on […]