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Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Mercedes agreement and the new state budget are the talk of the town
Prime Minister Madbouly’s visit to Germany got attention from Al Hayah Al Youm’s Khaled Abu Bakr. The PM’s trip to Germany this week was marked by two major agreements: one with Mercedes-Benz to bring back its assembly line and another with Bosch und Siemens Hausgerät (BSH) to set up an industrial complex in Egypt, Abu […]
Posted inSpeed Round
Egypt signs agreement for Mercedes-Benz to bring its automotive assembly to the SCZone
Mercedes-Benz to jump back into auto assembly in Egypt through SCZone: Trade and Industry Minister Amr Nassar signed yesterday an MoU that could see Mercedes-Benz resume the assembly of passenger cars in Egypt after a four-year hiatus, according to a cabinet statement. The pact, which Nassar signed during a visit to Stuttgart, Germany, with Prime […]
Posted inSpeed Round
Egypt’s state-owned SIDPEC stake sale preparations underway
Sidpec stake sale preparations underway: Preparations are underway to kickstart the bookbuilding process of a 30% stake sale in Sidi Kerir Petrochemicals (Sidpec) as part of the state privatization program, Al Mal reports, citing sources “close to the matter.” NI Capital, the state-owned investment bank managing the program, signed contracts with the company last week […]
Posted inSpeed Round
House approves FY2019-2020 state budget
LEGISLATION WATCH- The FY2019-2020 budget has cleared the House. The House of Representatives has approved the FY2019-2020 state budget, which targets GDP growth of 6% and a budget deficit of 7.2%, Reuters reported. The government will aim to reach a primary budget surplus of 2% and reduce public debt to 89% of GDP, with an […]
Posted inSpeed Round
Euroclear delegation in Egypt to wrap up procedures making debt “euroclearable”
EXCLUSIVE- Euroclear is in Egypt to wrap up procedures that will make EGP-denominated debt “euroclearable”: A delegation from Euroclear is currently in town to ensure Egyptian debt meets the technical requirements to make it clearable through the Belgium-based clearinghouse, two government officials tell Enterprise. The delegation sat down with Misr for Central Clearing, Depository and […]
Posted inSpeed Round
Egypt’s state-owned companies given the green light to hire investment banks for land sales
EXCLUSIVE- Public Enterprises Ministry gives gov’t companies green light to hire investment banks for land sales: Several state-owned companies are in the process of selecting investment banks to manage advise them on how to divest unused land, Public Enterprises Minister Hisham Tawfik told Enterprise. Tawfik said the ministry is preparing a list of investment banks […]
Posted inSpeed Round
Egypt breaks silence on US Mideast economic plan
Egypt breaks silence on US Mideast economic plan: Egypt will attend this week’s Bahrain conference on Palestinian economic development to “listen to” and “evaluate” the Trump administration’s USD 50 economic plan aimed at restarting the Israeli-Palestinian peace process, Foreign Minister Sameh Shoukry said yesterday, according to Reuters. The gathering runs today and tomorrow in Bahrain. […]
Posted inSpeed Round
** WE’RE HIRING: We’re looking for smart, talented journalists and analysts 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 people with writing plus either audio or video skills. Interested? Send your CV along with 2-3 writing samples and a solid […]
Posted inUncategorized
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