Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
July: The National Railway Authority will launch a tender for the purchase of 100 new locomotives expected to be financed through an agreement with the European Bank for Reconstruction and Development (EBRD). 28 July-02 August (Sunday-Friday): Fab15 Conference and Graduation Ceremony, TU Berlin, El Gouna, Egypt. 30-31 July (Tuesday-Wednesday): Egypt will hold its seventh youth […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 30 July 2019
We’re starting to see signs of renewed momentum in the state privatization program: State investment bank NI Capital is moving ahead with selecting private sector investment banks to quarterback the stake sales of e-Finance and Sidi Kerir Petrochemicals, and new details are emerging on the Alexandria Container and Cargo Handling Company’s secondary offering. We have […]
Posted inEnterprise+: Last Night’s Talk Shows
Macroeconomic indicators were the topic du jour on Egypt’s airwaves
Capmas’ release of the income and expenditure survey results, and rising tax revenues were the talk of the town on the airwaves last night. Egypt’s poverty rate rising to 32.5% is not all that surprising or unexpected, economist Bassant Fahmy told El Hekaya’s Amr Adib. Commenting on state statistics agency Capmas’ FY2017-2018 income and expenditure […]
Posted inSpeed Round
Egypt working on new income tax, VAT laws -Maait
LEGISLATION WATCH- Brace yourself for a brand new income tax law: The government is working on a new income tax law during the current fiscal year, and expects to have an initial draft ready within two months, Finance Minister Mohamed Maait said at a press conference yesterday. Maait did not provide any further details on […]
Posted inSpeed Round
Egypt poverty rate stands at 32.5%, according to latest CAPMAS income report
Egypt’s poverty rate in FY2017-2018 stood at 32.5%, according to Capmas’ income and expenditure survey, the highlights of which were announced at a press conference yesterday. The poverty rate was at 27.8% in the last edition of the report, which measured living conditions and consumption patterns in 2015, head of the statistics bureau Khairat Barakat […]
Posted inSpeed Round
Pharos-RenCap consortium picked as financial advisor for e-Finance IPO
IPO WATCH- Pharos-RenCap consortium lands financial advisor job in e-Finance IPO: Our friends at Pharos have been chosen to act as joint global coordinators alongside Renaissance Capital in the anticipated stake sale of government-owned fintech company e-Finance, Pharos’ Managing Director and Head of Investment Banking Noha Ghazaly told Enterprise. The fintech company will make its […]
Posted inSpeed Round
ACCH to offer 20% stake under state privatization program
IPO WATCH- ACCH to offer 20% stake under state privatization program: Alexandria Container and Cargo Handling (ACCH) will offer 20% of its shares at EGP 15.6 apiece as part of the government’s long anticipated IPO program, according to Al Mal. Sources said that 15% of the company’s shares will be allocated to institutional investors in […]
Posted inSpeed Round
NI Capital to select quarterback for Sidpec stake sale in September
IPO WATCH- NI Capital to select quarterback for Sidpec stake sale in September: State investment bank NI Capital will announce in September the winning bid out of seven offers it received from investment banks to advise on the planned sale of an additional 23% stake in Sidi Kerir Petrochemicals (Sidpec) as part of the state […]
Posted inSpeed Round
BofA sees “mildly more flexible” USD / EGP rate on the horizon for Egypt
BofA sees “mildly more flexible” USD / EGP rate on the horizon: The USD / EGP rate could be “mildly more flexible” over the coming period as Egypt’s FX reserves are high and our carry trade remains “high enough,” Bank of America Merrill Lynch said in a report out this week. The bank says recent […]