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Some of the world’s biggest investors could be the key to saving the planet from irreparable harm — not because they’re tree-hugging earth lovers, but because their investments could lose significant value or be wiped out altogether if the environment is damaged beyond repair, Tom Espiner writes for the BBC. “‘The economic and financial risks […]
Author Archives: enterpriseam admin
Posted inWorth watching
The inverted yield curve: An explainer
There has been a lot of chatter about the inverted yield curve lately: The inverted yield curve is an infamous predictor of US recessions, having occurred before every downturn since 1950 (apart from one). And last week the alarm began to ring again, setting off fevered speculation in the financial press about whether the US […]
Posted inHealth + Education
Cira says government approved adding 7 new schools to its Badr University
The government has granted permission to leading private sector education provider Cairo for Investment & Real Estate Development (CIRA) to add seven new colleges to Badr University, including medicine, biotechnology, law, politics and international relations, according to a bourse filing (pdf). Construction of the new schools was completed and the company is waiting for a […]
Posted inAutomotive + Transportation
Raya discusses EV licensing regs with Egypt’s traffic authorities
Raya Auto is in talks with traffic authorities to clarify licensing regulations for electric motorcycles, CFO of parent company Raya Holdings Hossam Hussein tells Al Mal. The company is investing EGP 300 mn in the production of EVs, having recently inaugurated a second production line at its 6 October production facility. Raya’s EGP 100 mn […]
Posted inAutomotive + Transportation
El Nasr Auto to enter EV partnership with Chinese auto manufacturer
The Public Enterprises Ministry has reached an agreement with an unnamed Chinese automotive company to set up an electric vehicles factory in partnership with state-owned El Nasr Automotive, minister Hisham Tawfik said. The company is one of the largest in China, and is due to send a delegation to Egypt soon to sign the partnership […]
Posted inBanking + Finance
HC targets concluding its first private equity transaction this year
HC Securities & Investment is looking to close its first private equity transaction worth between EGP 500 mn and 1 bn this year, Chairman Hussein Choucri told Hapi Journal. HC is targeting several similar transactions in which regional and international investors acquire stakes of up to 30% in companies. HC is also working on eight […]
Posted inSports
Egyptian football giants Al Ahly sack head coach after Egypt Cup elimination
Egyptian Premier League title holders Al Ahly have sacked their Uruguayan coach Martin Lasarte yesterday after suffering a 1-0 loss to Pyramids FC in the Egypt Cup round of 16, reports Ahram Online. Lasarte failed to meet the board’s expectations, despite helping the team secure their fourth consecutive league title last season. The club has […]
Posted inON YOUR WAY OUT
Tahrir Square is getting a facelift
Tahrir Square is getting a facelift: Prime Minister Moustafa Madbouly has ordered his government to develop and renovate Tahrir Square as part of plans to maintain historical Cairo as a major tourist attraction, according to a Cabinet statement. The facelift will apparently entaily adding an obelisk to the square. It has yet to be determined […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.53 | Sell 16.65 EGP / USD at CIB: Buy 16.53 | Sell 16.63 EGP / USD at NBE: Buy 16.52 | Sell 16.62 EGX30 (Sunday): 14,400 (+0.7%) Turnover: EGP 507 mn (13% below the 90-day average) EGX 30 year-to-date: +10.5% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
August: Meetings of the Egyptian-Belarussian Committee for trade, economic, scientific and technical cooperation, Minsk. August: The National Railway Authority is expected to sign a 15-year maintenance agreement for 1,300 railcars it had agreed to purchase from Russia’s Transmashholding under a EGP 22 bn contract. 22 August (Thursday): Central Bank of Egypt’s Monetary Policy Committee will […]