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1H2019 (date TBD): Investment Minister Sahar Nasr will head a delegation of businessmen into Mexico City to explore cooperation avenues with the Latin American country. June: International Forum for small and medium enterprises (SMEs). June: Egypt will host the first economic forum for Union for the Mediterranean (UfM) countries to promote trade and investment in […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 16 June 2019
The nation has football on its collective mind this week as we head into Friday’s kickoff at the African Cup of Nations, hosted at stadiums across Egypt including Cairo, Alexandria, Suez and Ismailia. Egypt squares off against Zimbabwe in the opener on Friday. We have all you need to know in this morning’s Speed Round, […]
Posted inEnterprise+: Last Night’s Talk Shows
Al Mashat in Azerbaijan, El Sisi visits the Pharaohs
Rania Al Mashat is in Azerbaijan to participate in UN World Tourism Organization meetings which kick off today. The minister, whose attendance marks the first ministerial visit to Azerbaijan in years, will be a keynote speaker at a panel discussion headlined “Protecting Our Heritage: Social, Cultural and Environmental Sustainability.” Al Hayah Al Youm’s Lobna Assal […]
Posted inSpeed Round
Are emerging markets looking set for a wave of interest rate cuts this month?
Good news for Egyptian debt: Other emerging markets have lowered interest rates — and more should follow. Russia, Chile and India have lowered their benchmark rates last week as emerging markets struggle with lower than expected growth and a turbulent macro climate. The hint from central bankers in other EMs is that they too will […]
Posted inSpeed Round
Bourse, Misr Clearing to refund additional stamp tax payments when house approve amendments
Traders can expect stamp tax refunds when the House approves scrapping the recent increase: The EGX and Misr for Central Clearing, Depository and Registry will refund investors who paid the newly increased stamp tax that came into effect this month when the House of Representatives approves a bill canceling the increase, Miar Clearing chairman Awni […]
Posted inSpeed Round
Greece’s Energean makes bid for Edison’s oil and gas business
M&A WATCH- Greece’s Energean makes bid for Edison’s oil and gas business: Greek energy company Energean Oil & Gas has made an offer for oil and gas exploration and production assets held by Edison, including those in Egypt, Bloomberg reported, citing unidentified sources. Edison, an Italian arm of France’s EDF, is said to be selling […]
Posted inSpeed Round
ADNOC, OCI NV in talks to combine Middle East fertilizers businesses
M&A WATCH- ADNOC, OCI NV said to be in talks to merge Middle East fertilizers businesses: Abu Dhabi National Oil Company (ADNOC) is in talks with Nassef Sawiris’ OCI NV to explore the possibility of merging their Middle East fertilizers businesses, Bloomberg reports, citing unnamed sources. The assets include a plant in Egypt with capacity […]
Posted inSpeed Round
Egypt to sign Bombardier Monorail contracts by end of month?
Gov’t to sign monorail contracts by end of month? The Transport Ministry is planning to sign this month the contracts awarding a consortium made up of Orascom Construction, Arab Contractors, and Bombardier Transportation to build the monorails linking 6 October City to Giza and Nasr City to the new administrative capital, according to a ministry […]
Posted inSpeed Round
Transport Ministry raises ticket prices for metro line 3
Transportation Ministry raises ticket prices for Metro Line 3: The Transportation Ministry raised tickets prices for Metro Line 3 to a minimum of EGP 5 for trips of up to nine stations and to a maximum of EGP 10 for trips covering more than 16 stations, the ministry said in a statement. The hikes came […]