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M&A WATCH- Adeptio requests regulatory approval to buy out American Egypt minority shareholders: Adeptio AD Investments has submitted a request to the Financial Regulatory Authority (FRA) for its approval to buy out minority shareholders in the Egyptian International Tourism Projects Company (Americana Egypt) through one its subsidiaries, Adeptio said in a statement to the EGX […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Gulf Capital pulls away from plans to acquire Egyptian cheesemaker Arab Dairy
M&A WATCH- Gulf Capital pulls away from Arab Dairy takeover plans: UAE-based Gulf Capital’s GC Equity Partners III fund has walked away from its plans to acquire 100% Arab Dairy. The cheesemaker said in a bourse disclosure (pdf) it received a letter from the fund stating that its “strategy and expansion plans are not in […]
Posted inSpeed Round
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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 inEGYPT IN THE NEWS
Egypt in the News on 29 July 2019
Domestic clothing manufacturers in Egypt have expressed concern that they will lose market share thanks to an initiative designed to bring Chinese textile makers into the country, the Nikkei Asian Review reports.“It is all wrong as it will put the national textile industry at stake,” Mahmoud El Daour, former head of the apparel division at […]
Posted inWorth Listening
How much do you know about Omar Sharif?
He may have been one of Egypt’s biggest stars, but how much do you know about Omar Sharif? Step back in time to 1978 as he shares some of his favorite pieces of music and little-known details about his life in conversation with the BBC (download and listen, runtime: 27:05). Among the tidbits: A chance […]
Posted inDiplomacy + Foreign Trade
Egypt QIZ exports increase 10% y-o-y to USD 411 mn in first five months of 2019
Egypt’s exports from Qualifying Industrial Zones (QIZ) rose 9.6% to USD 411 mn in 5M2019, up from USD 375 mn during the same period last year, a source from the Trade Ministry’s QIZ unit told the press. Participants in the QIZ agreement, which Egypt signed with Israel and the US in 2004, enjoy access to […]
Posted inDiplomacy + Foreign Trade
Egypt’s Shaker, Tanzania’s Magufuli break ground on Stiegler’s Gorge dam
Shaker, Tanzanian president break ground on Rufiji river dam: Electricity Minister Mohamed Shaker and Tanzanian President John Magufuli broke ground on the 2.1 GW Stiegler's Gorge Hydroelectric Power Station in Tanzania that will be constructed by a joint venture between our friends at Elsewedy Electric and Arab Contractors, reports Masrawy. The project is slated for […]
Posted inEnergy
Rosatom cancels Dabaa site preparations tender due to overpriced bids
Russia’s Rosatom canceled a tender for local companies to conduct site preparations for the Dabaa nuclear power plant as bids came higher than the USD 18 mn ceiling the company had set for the bids, unnamed sources told Al Mal. The company will issue another tender in the coming months.
Posted inReal Estate + Housing
IMKAN allocated EGP 5 bn, 166-acre New Cairo land plot
IMKAN Properties, a subsidiary of the UAE’s Abu Dhabi Capital Group (ADCG), has been allocated a EGP 5 bn, 166-acre land plot in New Cairo by the Housing Ministry, the company said in a statement. CEO Ahmed Fathallah said that the company is planning further investment in Egypt’s real estate market.