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Egyptian 10-year bonds to remain “extremely attractive” as interest rates come down -Goldman Sachs: Egyptian 10-year bonds are an “extremely attractive” option for investors looking for higher yields and duration return as the country begins to cut its short-term interest rates, Goldman Sachs Vice President for MENA economics research Farouk Soussa tells Bloomberg TV (watch, […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt sees the light of the day alongside UAE, Saudi Arabia is not as lucky
MENA fund managers are still bullish on Egypt, UAE: Six out of 10 MENA fund managers polled by Reuters said they plan on increasing their exposure to Egypt, and five said the same about the UAE. Both countries’ markets have performed well this year: The EGX rose 9.56% in 2019, outperforming most regional peers, while […]
Posted inSpeed Round
Global sukuk issuances set for continued growth as Egypt prepares to enter the market
Global sukuk issuances set for continued steady growth as Egypt prepares to enter the market: Issuances of sukuk (sharia-compliant bonds) are expected to grow 6% to around USD 130 bn in 2019, Moody’s said in a report on Tuesday. The ratings agency sees this year’s surge driven primarily by Malaysia and GCC countries, with Saudi […]
Posted inSpeed Round
Finance Ministry taps economist Hesham El Hamawy to succeed Amr El Monayer
EXCLUSIVE- FinMin taps economist Hesham El Hamawy to succeed El Monayer: Hesham El Hamawy has been appointed as vice minister of finance for tax policy, a position that has been empty since Amr El Monayer resigned in March 2018, two senior sources in government tell Enterprise. Government officials had previously told us that PepsiCo’s Middle […]
Posted inSpeed Round
Japanese investors urged to set up Japanese industrial zone in Suez Canal area
We already have a RIZ and a CIZ — are we about to get a JIZ? Japanese investors attending the Tokyo International Conference on African Development (Ticad) have been urged to set up an industrial zone in the Suez Canal area, Ahram Online reports. Speaking at the Egyptian-Japanese Business Forum yesterday, deputy chairman of the […]
Posted inSpeed Round
Cabinet approves 17 oil and gas E&P agreements between Egypt and IOCs
CABINET WATCH- The Madbouly Cabinet approved yesterday 17 oil and gas exploration and production agreements EGPC, Ganope, and Egas signed with unnamed international companies, according to an official statement. The E&P agreements cover concessions in west Fayoum, north Beni Suef, the Gulf of Suez, and the Western Desert, among others. Ministers also signed off on […]
Posted inSpeed Round
Fintech startup NowPay raises USD 600k in seed funding
STARTUP WATCH- Egyptian fintech startup NowPay has raised USD 600k in seed funding from Silicon Valley’s Endure Capital and 500 Startups, Digital Boom reports. Launched early this year, the startup helps corporate employees in emerging markets access their salaries in advance at any point in the month and manage their finances through the app. Co-founder […]
Posted inSpeed Round
** WE’RE HIRING: We’re looking for smart, talented, quirky people to join our team and help us make both the product you’re reading now and some exciting new stuff. We’re particularly interested in: Journalists with print, audio and / or video skills — both editors and reporters (for both our English and our Arabic editions); […]
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 inImage of the Day
Volcanic storms are pretty, Chile photographer shows
On the rare occasion when a violent volcanic eruption triggers lightning, the result is absolutely breathtaking, Chilean freelance photographer Francisco Negroni shows us in a photo essay. We’ll say though — this feels more like the kind of thing you’d probably enjoy a lot more from the comfort and safety of your laptop screen. Standing […]