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The General Authority for Investments (GAFI) has agreed to build a freezone in Aswan with the aim of attracting USD 2.1 bn investments, according to an Investment Ministry statement. The initiative aims to attract 160 projects in various fields, including fish manufacturing and packaging, programming and ready-made garments. The freezone will primarily export products to […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Two monks sentenced to death over bishop murder
A criminal court sentenced two monks convicted of murdering a bishop to death on Saturday, reports Reuters.
Posted inON YOUR WAY OUT
Not quite the smartest guy in the room
Not quite the smartest guy in the room: As the architect of one of the biggest corporate collapses in US financial history is released from prison, Bloomberg is out with a photo gallery documenting the rise and fall of Enron’s notorious chief executive. Relive the life and times of Jeffrey Skilling: from smart guy to […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.49 | Sell 17.59 EGP / USD at CIB: Buy 17.49 | Sell 17.59 EGP / USD at NBE: Buy 17.47 | Sell 17.57 EGX30 (Thursday): 15,147 (-0.4%) Turnover: EGP 989 mn (10% above the 90-day average) EGX 30 year-to-date: +16.2% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
21-24 February (Thursday-Sunday): Furnex & The Home Exhibition, Egypt International Exhibition Center (EIEC), Cairo, Egypt 23 February (Saturday): The Supreme Administrative Court will rule in an appeal by Uber and its competitor Careem against a lower court ruling ordering the suspension of their operations. 23 February (Saturday): Saudi Egyptian Business Council Meeting, Cairo, Egypt. 24-25 […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 February 2019
Turkey-style migration agreement with the EU takes a step forward next week: The EU-Arab League summit is set to take place on Sunday, 24 February in Sharm El Sheikh. The summit’s agenda will heavily feature illegal immigration, terrorism and development, Prime Minister Moustafa Madbouly said during yesterday’s weekly cabinet meeting. The meeting is widely seen […]
Posted inEnterprise+: Last Night’s Talk Shows
Execution of Hisham Barakat’s killers, Egypt’s successful eurobond issuance in the limelight on the airwaves
The execution of nine people charged with the killing of former Prosecutor General Hisham Barakat in 2015 was in the spotlight on last night’s talk shows. The story is also guiding the conversation on Egypt in the foreign press. We have more in Egypt in the News, below. The independence of the Egyptian judicial system […]
Posted inSpeed Round
Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed
Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed: Egypt successfully issued USD 4 bn USD-denominated eurobonds on Tuesday, the Finance Ministry said in a statement yesterday. The offering was more than 5x oversubscribed, attracting USD 21.5 bn in bids from 250 investors, according to the statement. The three-tranche issuance was made up of […]
Posted inSpeed Round
Germany’s Senvion looking to invest USD 1 bn in Egypt wind farms
INVESTMENT WATCH- Germany’s Senvion to invest USD 1 bn in wind farms in Egypt: German wind energy company Senvion is looking to invest USD 1 bn to construct wind farms in Egypt over the coming years, Financial Manager Ahmed Elsawaf told the domestic press. The company is currently bidding in a tender for a 250 […]