Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Welcome back, ladies and gentlemen — and welcome to the new fiscal year. We hope you all enjoyed the much-needed extended weekend as much as we did. We know that it’s only been a little over three weeks since Eid, but that seems like a long time ago now — especially with the heat in […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi’s sideline meetings during G20 summit dominates Egypt’s airwaves
President Abdel Fattah El Sisi’s sideline meetings during the G20 summit in Japan were in the limelight on the airwaves yesterday. El Sisi’s talks with Toyota Tshusho head Ichiro Kashitani was a highlight on Al Hayah Al Youm (watch, runtime: 1:13). Al Hayah Al Youm’s Lobna Assal also took note of a report by the […]
Posted inSpeed Round
IMF says no talks with Egypt over new program
Finish your plate before asking for a new program, IMF tells Egypt: The International Monetary Fund (IMF) will not open talks with Egypt over new support until the government has finished implementing the current program of economic reforms, IMF assistant communications director Camilla Andersen told a press briefing. “We’re not currently negotiating a new IMF-supported […]
Posted inSpeed Round
Egypt plans fuel hedging for FY2019-2020, confirms hedging took place in FY2018-19
Government plans fuel hedging for FY2019-2020, confirms hedging took place in FY2018-2019: Egypt is planning to hedge against rising oil prices for the second year in a row, Finance Minister Mohamed Maait said in an interview last week, Bloomberg reports. This comes two weeks after a government source told the press that the finance and […]
Posted inSpeed Round
Eipico board approves acquisition of 9.77% stake in Medical Union Pharma
M&A WATCH- Eipico looking to acquire 9.77% stake in Medical Union: Pharma player Eipico’s board of directors has agreed to acquire a 9.77% stake in Medical Union Pharma (MUP) for over EGP 200 mn, sources told the local press. The stake belongs to Egylease, which is looking to increase the sale to 10.4%. Eipico is […]
Posted inSpeed Round
SPE Capital buys 30% stake in Future Pharma
M&A WATCH- SPE Capital buys 30% stake in Future Pharma: SPE Capital Partners has acquired a 30% stake in Future Pharma Industries (FPI) for EGP 500 mn, SPE Chairman Gamal El Leithy said, according to the local press. The Middle East-focused private equity firm reported in March that it made an undisclosed equity investment in […]
Posted inSpeed Round
Mena Health Partners to invest EGP 1 bn in three new hospitals
INVESTMENT WATCH- Mena Health Partners (MHP) plans to invest EGP 1 bn to build three new hospitals in Cairo and Giza in the coming period, Managing Director Hossam El Essawy told local press. MHP has inaugurated the first phase of Katameya Clinic and plans to build Welcare Hospital and October International Hospital within the next […]
Posted inSpeed Round
Egypt wants to almost quadruple the value of natural gas exports to USD 2 bn in FY2019-2020
Egypt wants to almost quadruple the value of natural gas exports to USD 2 bn in FY2019-2020: The government is looking to export 12 mn tonnes of natural gas worth USD 2 bn in FY2019-2020, compared to USD 580 mn in the past year, the local press reported, citing an unnamed EGAS source. Egypt is […]
Posted inSpeed Round
Four of 11 MENA fund managers said to increase Egypt exposure
Over a quarter of MENA-based fund managers are planning to increase their allocations to Egypt over the next three months, according to a Reuters poll. One of those surveyed singled out the country’s growth prospects as the region’s best. Inflation and interest rates, however, “need to subside,” senior portfolio manager at Dubai’s Al Mal Capital […]