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There’s no need to tell us that Egyptian ta’ameya outshines Syrian or Lebanese falafel, so we won’t argue with this BBC article stating outright that our version of this ubiquitous snack is the best in the world. What makes our ta’ameya mix so good? Both the use of broad beans (fuul), described as “softer and […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Naguib Mahfouz museum opens in Cairo
A museum to commemorate Egyptian novelist Naguib Mahfouz was inaugurated this week, after being postponed for years due to a number of issues, Reuters reports. The Naguib Mahfouz Museum and Creativity Center is in a redeveloped two-story building in Gamaliya that dates back to 1774, and houses the author’s belongings, including handwritten texts, and his […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.55 | Sell 16.65 EGP / USD at CIB: Buy 16.54 | Sell 16.64 EGP / USD at NBE: Buy 16.56 | Sell 16.66 EGX30 (Tuesday): 13,722 (+0.7%) Turnover: EGP 498 mn (22% below the 90-day average) EGX 30 year-to-date: +5.3% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
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). 14-18 July (Sunday-Thursday): The government is expected to announce the details of the new export subsidies framework. 17 July (Wednesday): Harvard Business School […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 July 2019
Good morning, friends, and welcome to the busiest hump day we’ve seen in a long time. The biggest story of the day is private equity giant Actis’ takeover of two funds formerly managed by Abraaj. The takeover, which is the culmination of a year of negotiations, is one of the final chapters in the Abraaj […]
Posted inEnterprise+: Last Night’s Talk Shows
High-ranking meetings dominate Egypt’s airwaves yesterday
President Abdel Fattah El Sisi’s sit-down with AmCham Executive Vice President Myron Brilliant to talk US-Egypt cooperation earned some airtime with Al Hayah Al Youm’s Khaled Abu Bakr (watch, runtime: 9:16). We have the story in Diplomacy + Foreign Trade, below. Gov’t studying deliberate deflation? Prime Minister Moustafa Madbouly discussed during a meeting yesterday with […]
Posted inSpeed Round
It’s official — Actis takes over management of APEF IV and AAF III funds from Abraaj
It’s official — Actis takes over management of APEF IV and AAF III funds from Abraaj: Emerging markets private equity giant Actis has officially taken over the management of the Abraaj Private Equity Fund IV (APEF IV) and Abraaj Africa fund III (AAF III) in a landmark transaction for PE in the region, the firm […]
Posted inSpeed Round
Egypt bucks the trend as emerging-market debt climbs to new record highs
Egypt bucks the trend as emerging-market debt climbs to new record highs: Egypt’s debt-to-GDP ratio fell y-o-y in 1Q2019 as overall debt in emerging markets surged to new record highs, according to a report by the Institute of International Finance (IIF). Corporate, household and public sector debt all fell during the first three months of […]
Posted inSpeed Round
NI Capital invites investment banks to advise on Sidpec share sale
NI Capital invites investment banks to advise on Sidpec share sale: State investment bank NI Capital has invited top investment banks to bid on the role of adviser for the sale of 30% of Sidi Kerir Petrochemicals (Sidpec), government sources tell Al Mal. The sources noted that banks that were invited were those whose brokerage […]