Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Industrial output rises by more than a quarter in 3Q2018: Egypt’s non-oil industrial output jumped 27.6% in 3Q2018 to EGP 185.3 bn, up from EGP 145.3 bn in the same quarter last year, according to a CAPMAS release. Steel products accounted for 20.8% of overall output. Food manufacturing came in second at 16.1%, followed by […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Earnings Watch: SODIC profits dip in 1Q2019
EARNINGS WATCH- SODIC profits dip in 1Q2019: SODIC’s 1Q2019 net profits fell 24% y-o-y to EGP 161 mn from EGP 211 mn, the real estate developer said in its earnings release (pdf). Revenues rose 84% to EGP 941 mn from EGP 512 mn last year. The company’s net contracted sales fell 26.5% to EGP 881 […]
Posted inSpeed Round
** WE’RE HIRING: We’re looking for a podcast producer with a strong track record with audio production. The ideal candidate will have experience and background in audio production and journalism. This includes familiarity with audio production software, such as Adobe Audition. A background in business / economics / finance, and/or entrepreneurship and technology is also […]
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 inEGYPT IN THE NEWS
Attack on a tourist bus near Grand Egyptian Museum tops foreign coverage
The foreign press is squarely focused this morning on the attack on a tourist bus near the Grand Egyptian Museum, as we note in What We’re Tracking Today, above.
Posted inON THE FRONT PAGES
El Sisi meets Canadian senator, says committed to national harmony
Diplomacy is the order of the day in Egypt’s state-owned dailies: A meeting between President Abdel Fattah El Sisi and Canadian Senate Speaker George Furey yesterday tops the front pages of Al Ahram, Al Gomhuria, and Al Akhbar this morning. Furey and El Sisi discussed Canada’s support for Egypt’s economic and social development, according to […]
Posted inWorth reading
Fintech in Egypt has the potential to boom
A deep dive into the state of fintech in Egypt: Egypt’s burgeoning fintech scene could spur growth by helping bring more people and businesses into the formal economy, writes Yasmeen Nabil in Wamda. Earlier this year, the government set up aEGP 1 bn (USD 57 mn) fund via the Central Bank of Egypt (CBE) and […]
Posted inWorth watching
3D printed town to house 50 families in South America
3D-printed town to house 50 families in South America: The world’s first 3D printed town will be constructed this summer in Latin America to house 50 farmer and palm weaver families living on less than USD 200 a month,this Bloomberg video tells us (watch, runtime: 0:52). The structures will be built using a portable machine […]
Posted inBasic Materials + Commodities
Egypt has bought 2.2 mn tonnes of local wheat so far this year: Supply Minister
Egypt has bought 2.2 mn tonnes of local wheat since the start of the season in April, Supply Minister Ali El Moselhy said, according to Reuters’ Arabic service. Moselhy previously said that he expects to procure 3.6 mn tonnes of wheat from local sources this year.
Posted inManufacturing
Suez Cement suspends Tourah Cement Co operations due to losses
Suez Cement has decided to temporarily suspend the operations of Tourah Portland Cement Company, of which it owns 66.12%, on the back of “deteriorating financial results and the accumulated losses” at the subsidiary, the company said in a statement (pdf). Suez did not say when operations would resume, but said losses were “exceeded the value […]