The EU-Arab League summit was the sole topic on the airwaves last night, with Masaa DMC, Al Hayah Al Youm and Hona Al Asema dedicating a significant portion of their coverage to the first day of the summit. Don’t expect much by way of a concrete, united policy, EU foreign policy chief Federica Mogherini told […]
Author Archives: enterpriseam admin
FRA lifts ban on Beltone’s investment banking arm
Has Beltone’s investment banking arm been unshackled? The board of the Financial Regulatory Authority (FRA) has reportedly informed Beltone Financial that it is lifting its suspension of Beltone’s investment banking arm, allowing it to resume normal operations as of this morning, according to a local press report. The FRA also cut to six months the […]
House postpones final vote on e-Payments Act
LEGISLATION WATCH- The House general assembly postponed its final vote on the E-Payments Act after MPs failed to reach quorum on Sunday, Al Ahram reports. It’s unclear when the vote will be rescheduled or when our esteemed representatives plan to grace the 21st century with their presence in parliament. The law drafted by the CBEmakes […]
Egypt’s first real estate fund to launch in March
Egypt’s first listed real estate fund to launch in March: The Egyptians Real Estate Fund will be up and running by no later than March, CEO Hashem El Sayed told the domestic press. Billing itself as the country’s first listed real estate fund and established by Egyptians Abroad Investment and Development Co., Pioneers Holding, and […]
El Attal plans to go public on Egypt’s exchange next year
IPO WATCH- Real estate player El Attal Holding is mulling a listing on the EGX sometime next year, Chairman Ahmed El Attal tells the local press. News came as the company launched last week its three-phase EGP 4 bn Park Lane New Capital residential compound, which is slated for completion in two years’ time. El […]
Australia’s Atoun looking to invest EGP 15 bn in solar power projects in Egypt
INVESTMENT WATCH- Australia’s Atoun looking to invest EGP 15 bn in solar power projects in Egypt: Atoun Energy Australia is looking to build solar power stations worth as much as EGP 15 bn in Wadi El Gedeid governorate, Governor Mohamed El Zamalot told the domestic press. The company has reportedly filed for approval to start […]
The first EU-Arab League summit gets underway
There’s still no Turkey-style agreement with the EU on migration, but politicians made some headway was the first day of the EU-Arab League summit. Officials from both sides vowed to increase cooperation on migration and terrorism, without unveiling a concrete agreement, according to the Associated Press. Following his opening remarks on confronting terrorism, President Abdel […]
What are investors telling Renaissance Capital about Egypt?
What are investors telling Renaissance Capital about Egypt? A lot of good things, according to the EM-focused investment bank’s CEO for North Africa, Amr Helal. We sat down with him last week following RenCap’s Egypt Investor Trip to Cairo on 11-13 February. The trip saw global fund managers with total AUM of c. USD 70 […]
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