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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. 10-13 August (Saturday-Tuesday): Eid El Adha (TBC). 17 August (Saturday): The […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 7 August 2019
News dirth to reach a crescendo next week on expectations of widespread food coma epidemic: The August news lull continues, with yesterday being one of the slowest news days we’ve seen all year, and it’s not even Eid yet. Expect next week to be an even duller week in Egypt-related news as Sunday, Monday and […]
Posted inEnterprise+: Last Night’s Talk Shows
Suez Canal, foreign reserves, new cities and chicken kept talking heads busy last night
Egypt getting its money’s worth in Suez Canal gains: A cabinet infographic showing a 5.4% jump y-o-y in Suez Canal revenues to USD 5.9 bn in FY2018-2019 was the main point of discussion on Al Hayah Al Youm with Khaled Abu Bakr (watch, runtime: 09:01). Abu Bakr highlighted the role the second Suez Canal played […]
Posted inSpeed Round
Egypt is facing high baseline water stress, new information says
Egypt among top 50 most water-stressed countries, according to WRI: Egypt is among the countries most at risk of water shortages, with the World Resources Institute (WRI)ranking it the 43rd most water-stressed country out of 164 countries. Data shows that Egypt’s Red Sea coastlines, including Sinai, are the most water-stressed regions in the countries, followed […]
Posted inSpeed Round
Egypt’s reform have been a boon to some investors but painful to most others, says Bloomberg
Egypt’s economic reforms have been a boon to some investors but painful to most others, says Bloomberg: Last week’s Capmas announcement that Egypt’s poverty rate in FY2017-2018 rose to 32.5% from 27.8% in 2015 has Bloomberg analyzing the wider impact of Egypt’s 2016 economic reforms. While the EGP float and subsidy cuts have driven GDP […]
Posted inSpeed Round
America Egypt minority shareholders call for EGP 24 share price in disputed MTO
DISPUTE WATCH- Americana Egypt minority shareholders call for EGP 24 share price in disputed MTO: Minority shareholders of Americana Egypt are asking for a share price determined in a 2016 valuation of the company in a planned mandatory tender offer (MTO) by majority shareholder Adeptio AD Investments, sources close to the matter told Al Mal. […]
Posted inSpeed Round
Earnings watch: Ibnsina Pharma
EARNINGS WATCH- Ibnsina Pharma’s 2Q2019 profits surge 26% y-o-y: Ibnsina Pharma reported a 26% y-o-y increase in consolidated net profits to EGP 60.5 mn in 2Q2019, up from EGP 48 mn last year, the company said in a statement (pdf). Revenues rose 24% y-o-y to EGP 3.9 bn. The company grew its distribution network in […]
Posted inSpeed Round
Suez Canal Zone lowers investment forecasts
INVESTMENT WATCH- SCZone revises investment forecasts downwards: Suez Canal Economic Zone (SCZone) boss Mohab Mamish has revised downwards investment forecasts, announcing in a press conference yesterday that he expects the zone to attract USD 50 bn of investment by 2030 instead of USD 55 bn by 2024 forecast in March this year (watch, runtime: 6:21). […]
Posted inSpeed Round
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