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As the Sahel summer winds down, the Red Sea is just getting started. Say hello to Somabay, a year-round seaside escape where tranquil waters, world-class diving, kitesurfing, golf, and wellness come together in one breathtaking destination. This September, it also hosts the ITF World Tennis Tour, bringing world-class tennis to the coast. Somabay is the […]
Author Archives: enterpriseam admin
Posted inPrivatization
Gov’t looks to accelerate privatization push in run-up to IMF review
The state’s privatization push raised 48% of its USD 12.2 bn target for March 2022-July 2025
Posted inConstruction
UAE’s Modon to pour EGP 45 bn into Ras El Hekma infrastructure buildout
Modon tendered 2k feddans of work — including roads and bridges, electricity networks, and water and sewage systems
Posted inManufacturing
Ariston inaugurates water heater factory in 6th of October
During its first phase, the plant will have an initial production capacity of 500k units a year
Posted inInvestment Watch
Finance Ministry, EBRD launch EUR 10 mn fund to support PPPs
The fund aims to speed up the process of tapping consultants for projects — they will now be selected in no more than eight weeks
Posted inMoves
EBank appoints Mohamed Shawky as deputy CEO
The Export Development Bank of Egypt (EBank) appointed Mohamed Shawky (LinkedIn) as its new deputy CEO, according to a statement (pdf). Shawky brings over 25 years of experience in the field of banking. He most recently served as CFO at Abu Dhabi Islamic Bank since 2022, after a stint as CFO at Bank Audi — […]
Posted inLAST NIGHT’S TALK SHOWS
Adib’s take on our IMF program
Our IMF program under the spotlight: El Hekaya’s Amr Adib voiced (watch, runtime: 1:39 | 1:19) his unhappiness with the IMF’s demands for the fifth and sixth reviews of our USD 8 bn loan program, calling them “costly” and warning that the average Egyptian is the one who bears the brunt of those reforms. ICYMI- […]