Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
M&A WATCH- Agri exporter Green Hope says it is weighing three acquisition offers from Egyptian, UK and Emirati investment funds. In play is a 40-60% stake in the company at an estimated cost of EGP 180-230 mn, Al Mal reports. The transaction would entail a capital increase and partial exit by the current shareholders. The […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Amer Group minority shareholders file FRA complaint against management
Amer Group minority shareholders allege stock manipulation ahead of delisting vote: Minority shareholders of Amer Group have filed a complaint against the company’s management ahead of a vote to delist the group from the Egyptian Exchange, according to a report in the domestic press. The complaint to the Financial Regulatory Authority (FRA) asks the regulator […]
Posted inSpeed Round
Sky Light mulls offers from three underwriters for 2Q19, 25% EGX debut
IPO WATCH- Sky Light mulls offers from three lead managers for 2Q19 IPO: Sky Light for Touristic Development is mulling offers from three underwriters for its plans to sell 25% of its shares on the EGX, Adel Mourad, investor relations manager at El Wadi for Touristic Investment, which owns c. 45.1% of Sky Light, tells […]
Posted inSpeed Round
Banque du Caire inaugurates representative office in UAE
Banque du Caire has opened a rep office in the UAE as part of its regional expansion drive, according to a statement picked up by Zawya. Chairman and CEO Tarek Fayed said that the UAE office will help spur trade between Egypt and the GCC, attract investment to Egypt and capture remittance flows from Egyptian […]
Posted inSpeed Round
House of Representatives to open national dialogue sessions on constitutional amendments next week
House to hold two-week ‘national dialogue’ on constitutional amendments next week: A two-week period of public consultations on proposed constitutional amendments will begin next week, the Legislative and Constitutional Affairs Committee has announced, according to Ahram Online. The national dialogue include three weekly sessions on Monday, Tuesday and Thursday of the coming two weeks. The […]
Posted inSpeed Round
House approves temporary law to settle Egypt’s building code violations
LEGISLATION WATCH- House approves temporary law to settle building code violations: The House of Representatives’ general assembly approved yesterday a temporary bill that outlines mechanisms for settling building code violations, Al Masry Al Youm reports. The legislation would permit authorities to negotiate settlements on structures that meet structural integrity requirements and that are not built […]
Posted inSpeed Round
15 new ambassadors to Egypt presented their credentials yesterday
15 new ambassadors to Egypt presented their credentials yesterday to President Abdel Fattah El Sisi. They include: Armenia: Karen Levon Grigorian Australia: Glenn Andrew Miles Cambodia: Khuon Phon Rattanak Chad: Al-Amine Al-Doudou Abdallah Chile: Pablo Arriarán Ahumada Colombia: Ana Milena Muñoz de Gaviria Cuba: Tania Aguiar Fernández Czech Republic: Jan Fulík Ethiopia: Dina Mufti Sid […]
Posted inSpeed Round
Women-led companies are boxed out of private equity and venture capital investments
Women-led companies in EM are boxed out of the market for private equity and venture capital investment: Nine times out of 10, private equity and VC money in emerging markets is going to a company led by a guy. That’s the key takeaway from an International Finance Corporation study (pdf) that found that only one […]
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 inTHE MACRO PICTURE
Developing countries could be in for a 1980’s-style debt crisis
Developing countries could be in for a 21st century debt crisis, senior executives from policy advisory firm Dalberg write for the Financial Times’ BeyondBrics blog. More than 100 emerging markets witnessed government debt-to-GDP ratio hikes between 2013-17, and debt-servicing burdens have risen enough to draw parallels with the lead-up to the 1980’s debt crisis. At […]