Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Is the government about to step in to resolve the cement market glut? Prime Minister Moustafa Madbouly held a meeting yesterday with Trade and Industry Minister Amr Nassar and Medhat Stefanos, the chairman of the Federation of Egyptian Industries’ cement division, to look into the challenges facing the local cement industry, according to a Cabinet […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Gov’t-approved incentives for shipping companies revealed
Incentives to shipping companies revealed: Shipping companies will receive discounts of up to 45% on shipping fees as part of a package of new incentives approved by cabinet last week, Al Mal reports. The government will also waive guidance, lighthouse, and docking fees for three years as of September. Ships passing through the Suez Canal […]
Posted inSpeed Round
Red Sea gas scramblers have until mid-September to submit bids to Egypt’s GANOPE
Scramblers have until mid-September to submit bids for Red Sea exploration: The South Valley Egyptian Petroleum Holding Company (Ganope) has extended to mid-September the deadline for submitting bids in its tender for 10 oil and gas exploration blocks off the Red Sea, an unnamed Oil Ministry official said. The deadline, which was previously set for […]
Posted inSpeed Round
GAFI to ensure companies stick to target export mix, eases work and residency permit procedures
REGULATION WATCH- Freezone companies need to stick to target export mix: The General Authority for Investment (GAFI) has commissioned a working group to perform quarterly audits of companies under its supervision to ensure they are maintaining a certain ratio of domestic to international sales, the authority said in a statement. The group will begin auditing […]
Posted inSpeed Round
Earnings watch: Abu Qir Fertilizers and Alexandria Mineral Oils
EARNINGS WATCH- Abu Qir Fertilizers FY2018-2019 profits jump 30.5% y-o-y: Abu Qir Fertilizers reported net income of around EGP 3.2 bn in FY2018-2019, compared to EGP 2.4 bn the previous year, the company said in a bourse filing (pdf). Revenues during the year rose 13.7% y-o-y to around EGP 8.6 bn. We reported earlier this […]
Posted inSpeed Round
Edita releases its first Sustainability Report
Edita published its first-ever Sustainability Report yesterday, which lists the various initiatives that the snack maker took last year in the way of sustainable growth and maintaining its commitment to being “an operation that respects human rights, fair labor standards, legal and ethical regulations, and the environment.” These steps include maintaining its operational sustainability by […]
Posted inSpeed Round
Abu Dhabi Capital Group taps Ahmed Fathallah as CGP, Imkan CEO
MOVES- Abu Dhabi Capital Group has tapped its senior executive Ahmed Fathallah (LinkedIn) as CEO of two of its portfolio companies, Capital Group Properties and Imkan Misr, according to Hapi Journal. Fathallah was formerly Emaar Misr CIO when the company went public in 2015.
Posted inSpeed Round
** WE’RE HIRING: We’re looking for smart, talented, quirky people to join our team and help us make both the product you’re reading now and some exciting new stuff. We’re particularly interested in: Journalists with print, audio and / or video skills — both editors and reporters (for both our English and our Arabic editions); […]
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 inImage of the Day
And you thought the jellyfish on the North Coast were big...
And you thought the jellyfish that invaded Sahel were big: This large barrel jellyfish (otherwise known as a “dustbin-lid jellyfish” due to its size and shape) was captured on camera by two unsuspecting divers off the UK coast last week. The jellyfish is an estimated 1.5 meters, and could weigh up to 35 kgs. The […]