Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
The Holding Company for Metallurgical Industries signed on Thursday a memorandum of understanding (MoU) with Switzerland-based metals industry-focused Research and Consulting Group (RCG) to revamp assembly lines at four of the state-owned company’s subsidiaries, according to a Cabinet statement. Under the MoU, RCG will conduct a technical appraisal and suggest development plans to support the […]
Author Archives: enterpriseam admin
Posted inOther Business News of Note
CI Capital shareholders approve rebranding
CI Capitall’s shareholders approved on Thursday the investment bank’s rebranding to CI Capital Holding for Financial Investments, CI Capital said in a bourse filing (pdf).
Posted inEgypt Politics + Economics
Egypt releases 408 prisoners after presidential pardons
President Abdel Fattah El Sisi issued presidential pardons for 408 prisoners, most of whom were released last week, according to Ahram Online. In other news from the justice system, the Court of Cassation, the nation’s highest appeals court, has upheld prison sentences handed to 66 defendants convicted of acts of violence during the 2013 dispersal […]
Posted inON YOUR WAY OUT
Scorpion venom: elixir or poison?
Cultivating scorpion venom for fun and profit: A group in Cairo is turning a profit by way of scorpion breeding, Nigeria’s TVC News reports. Venom Farm sells scorpion venom to pharmaceutical companies for a range of applications, but it’s not easy going: It takes 1,000 scorpions to produce a single gram of dried venom, which […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.24 | Sell 17.34 EGP / USD at CIB: Buy 17.22 | Sell 17.32 EGP / USD at NBE: Buy 17.24 | Sell 17.34 EGX30 (Thursday): 14,783 (+0.4%) Turnover: EGP 663 mn (29% below the 90-day average) EGX 30 year-to-date: +13.4% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
28 March (Thursday): Central Bank of Egypt’s monetary policy committee will meet to review interest rates. 28-30 March (Thursday-Saturday): International Conference on Advanced Machine Learning Technologies and Applications, Venue TBD, Cairo, Egypt. 30 March (Saturday): Traders Fair, Nile Ritz Carlton, Garden City, Cairo, Egypt. 30-31 March (Saturday-Sunday): International Conference on Architecture Engineering and Technologies, Grand […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 March 2019
First: A very happy Mother’s Day to all of our moms, whether our literal mothers (we love you) or the many, many moms who read us each morning. We would be nothing without all of you. Second: May we be forgiven for saying we are very happy indeed there are only a few hours left […]
Posted inEnterprise+: Last Night’s Talk Shows
Benban solar power park announced top World Bank project
It was a quiet night on the airwaves. The World Bank has announced Egypt’s 1.8 GW Benban solar power park as its most successful project the world over for this year, Al Hayah Al Youm’s Khaled Abu Bakr highlighted (watch, runtime: 00:31). This is the first time Egypt has won the nod. We have more […]
Posted inSpeed Round
Egypt remains fourth most vulnerable EM to global slowdown
Egypt is the fourth most-vulnerable market to any sign of EM distress: Bloomberg’s most recent emerging markets vulnerability scorecard ranked Egypt as the fourth economy most at risk of in the event the US raises interest rates. Since the index was last released in November, Argentina has overtaken Turkey as the most vulnerable EM, while […]