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Al Tamimi & Co acted as legal adviser to Al Nasr for Coke & Chemicals on its USD 150 mn loan from local banks, unidentified sources tell Al Mal.
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Interior Ministry identifies Hasm member as perpetrator of Cairo car bombing
A member of the Hasm terrorist group was identified as the perpetrator behind last week’s deadly car bombing outside the National Cancer Institute, the Interior Ministry said in a statement on Thursday. Police killed 15 militants in two raids connected to the bombing, according to the ministry.
Posted inEgypt Politics + Economics
CBE’s Tarek Amer graded A- in Global Finance Central Banker 2019 report
Central Bank of Egypt (CBE) Governor Tarek Amer earned an “A-” in Global Finance’s 2019 Central Banker Report Card (pdf), up from B+ in last year’s edition. The annual report grades the governors of 94 countries, as well as the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the […]
Posted inON YOUR WAY OUT
Free patriotism courses for Egyptian expats intended to counter “false ideas abroad among Egyptians”
Patriotism courses for Egyptian expats: The Immigration Ministry is offering patriotism courses and special camps without charge to young Egyptians and academics studying abroad to ensure they are not “intellectually influenced” by “a war of rumors” or “turned against their homeland,” Al Monitor reports. An unnamed government source said that the course content focuses on […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.50 | Sell 16.60 EGP / USD at CIB: Buy 16.48 | Sell 16.58 EGP / USD at NBE: Buy 16.51 | Sell 16.61 EGX30 (Thursday): 14,180 (+2.2%) Turnover: EGP 12.8 bn (1686% above the 90-day average) EGX 30 year-to-date: +8.8% THE MARKET ON THURSDAY: 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. 17 August (Saturday): The High Administrative Court will hear appeals filed […]
Posted inWhat We're Tracking Today
What we’re tracking on 8 August 2019
We’re officially on holiday in a few hours’ time: Civil servants will be on break to observe Eid Al Adha from Saturday through Wednesday, and resume work on Thursday, according to a cabinet statement. The central bank and EGX were less generous with the vacation days: banks and capital markets (and, by extension, most of […]
Posted inEnterprise+: Last Night’s Talk Shows
New fertilizer complex comes to life in Ain El Sokhna
New fertilizer complex comes to life: The inauguration of a new phosphate and compound fertilizers manufacturing complex in Ain El Sokhna was the highlight of Al Hayah Al Youm’s show last night with Khaled Abu Bakr (watch, runtime: 04:09). El Sisi took advantage of the televised event to address the nation, urging everyone to stand […]
Posted inSpeed Round
Veon MTO for Global Telecom closes
M&A WATCH- Veon MTO for Global Telecom closes: Global Telecom Holding’s (GTH) sale of 1.99 bn shares in a mandatory offer (MTO) launched by majority shareholder Veon to acquire 42.3% of the company is now complete and the MTO has closed, according to an emailed statement (pdf) from Shalakany Law firm, Veon’s lead counsel. Veon […]