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Baker McKenzie Cairo and the law firm’s London office have acted as buy-side legal advisors to Bank Audi in its recent agreement to acquire National Bank of Greece’s Egypt arm, according to an emailed statement.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Christie’s to host discussion on Egyptian art in London tomorrow
British auction house Christie’s will be hosting a panel discussion on Egyptian art entitled “Egypt’s Creative Journey: Ancient, Modern & Contemporary” in London tomorrow, Egypt Today reports. The event is supported by the British Council and will feature Nadine Abdel Ghaffar, founder of Art D’Egypte, Omniya el Barr, researcher at the V&A museum, and Ramzy […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.10 | Sell 17.20 EGP / USD at CIB: Buy 17.10 | Sell 17.20 EGP / USD at NBE: Buy 17.10 | Sell 17.20 EGX30 (Sunday): 14,512 (-2.5%) Turnover: EGP 793 mn (6% below the 90-day average) EGX 30 year-to-date: +11.3% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
May: 50 Egyptian companies are set to visit Libya to discuss trade, investment and reconstruction. May: An IMF delegation will be in town to conduct its final review of the reform program ahead of the disbursement of the sixth and final tranche of Egypt’s USD 12 bn IMF loan. 6 May (Monday): First day of […]
Posted inWhat We're Tracking Today
What we’re tracking on 05 May 2019
We generally try to avoid having to open an edition of Enterprise with a “sorry we goofed” apology — but sometimes needs must... We wrote on Friday in this month’s edition of Your Wealth that Ramadan will begin on Sunday, 5 May. Ramadan will of course actually begin tomorrow: Monday, 6 May. The story has […]
Posted inEnterprise+: Last Night’s Talk Shows
Talking heads occupied with WB’s Malpass, Egypt and Lebanon agreements
President Abdel Fattah El Sisi’s meeting with World Bank President David Malpass dominated the nation’s airwaves last night. Also creating buzz (to a much lesser extent): The Arab Economic Forum in Beirut. We have chapter and verse on both in this morning’s Speed Round, below. Malpass praised Egypt’s economic reform program and said the mega-projects […]
Posted inSpeed Round
New World Bank president visits Egypt
New World Bank boss is in Egypt; met El Sisi yesterday and heading to Benban today: World Bank President David Malpass discussed infrastructure, labor force development and cooperation on small and medium-sized businesses yesterday in a meeting with President Abdel Fattah El Sisi, according to an Ittihadiya statement. It’s Malpass’ first international trip since he […]
Posted inSpeed Round
Turkey announces natgas drilling off Cyprus, Egypt, EU caution drillers
Egypt has warned Turkey against drilling in Cypriot waters after a dispatch from Ankara on the international maritime telex system NAVTEX announcing that it plans to start drilling for natural gas in internationally recognized Cypriot waters. Doing so could have negative repercussions on the “stability and security of the East Mediterranean region,” the Foreign Ministry […]
Posted inSpeed Round
Bank Audi to acquire NBG’s Egypt arm
M&A WATCH- Bank Audi to acquire NBG’s Egypt arm: Bank Audi will acquire National Bank of Greece’s Egypt arm, including a book of “mostly of Egyptian-risk loans, deposits and securities (total assets of c. EUR 110 mn), a branch network of 17 branches and c. 250 employees,” NBG said in a press release. With a […]