Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
INVESTMENT WATCH- Eight companies sign MoUs to invest in SCZone’s Russian Industrial Zone: Eight Russian companies signed yesterday MoUs with the Russian Exports Center to invest in the planned USD 7 bn Russian Industrial Zone (RIZ) in the Suez Canal Economic Zone, according to an SCZone statement. The companies signing the MOUs included solar energy […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Bank Audi to complete due diligence for NBG Egypt arm bid by month-end
M&A WATCH- Bank Audi to complete due diligence for NBG Egypt bid by month-end: Bank Audi will complete by the end of the month due diligence on the Egypt subsidiary of National Bank of Greece (NBG) ahead of a planned acquisition of its assets and portfolio, unnamed sources told Reuters. The central bank gave Bank […]
Posted inSpeed Round
Ibnsina antitrust fine reduced to EGP 160 mn from EGP 2.04 bn
DISPUTE WATCH- Ibnsina confirms antitrust fine reduced to EGP 160 mn from EGP 2.04 bn: Ibnsina Pharma confirmed yesterday in an EGX disclosure (pdf) that a Cairo appeals court has reduced to EGP 160 mn an original EGP 2.04 bn antitrust fine handed by the Cairo Economic Court. “Ibnsina Pharma asserts its strict adherence to […]
Posted inSpeed Round
Central Bank of Egypt studies licenses for SME-focused lenders
CBE studies licenses for SME-focused lenders: The Central Bank of Egypt (CBE) is mulling issuing licenses for new institutions specialized in SME financing, Governor Tarek Amer announced, according to CNBC Arabia. The institutions, known as “tier 2” lenders, are non-banking financial service providers. Amer’s announcement came days after the IMF released a research paper (pdf) […]
Posted inSpeed Round
Cabinet ratifies c.EUR 113 mn French funding agreements with Egypt
CABINET WATCH- Cabinet ratifies c.EUR 113 mn French funding agreements: The Moustafa Madbouly Cabinet ratified during its weekly meeting yesterday two c.EUR 113 mn-worth of funding agreements from the French Agency for Development (AFD), according to a statement. The first agreement will fund women-led SMEs through extending up to EUR 50 mn and grant up […]
Posted inSpeed Round
Earnings Watch: Etisalat Misr reports 2018 results
EARNINGS WATCH- Etisalat Misr reported revenues of AED 2.81 bn (c.EGP 13.4 bn) for FY2018 on total consolidated group revenues of AED 52.4 bn, the company said in its earnings release (pdf).
Posted inSpeed Round
** WE’RE HIRING: We’re looking for smart, talented, quirky people to join our team and help us make both the product you’re reading now and some exciting new stuff. We’re particularly interested in: Journalists with print, audio and / or video skills — both editors and reporters (for both our English and our Arabic editions); […]
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 inUp Next
What we’re tracking this week and beyond
The EGP 500 mn phase 4A of Cairo Metro Line 3 is due to open “soon,” Cairo Governor Khaled Abdel Aal said, according to Ahram Gate. The 4 km phase will link four stations in Cairo: Harun, Heliopolis, Alf Maskan and Shams Club. 100 leaders of the biggest Saudi companies are expected to attend a […]
Posted inTHE MACRO PICTURE
Expect a recovery in sovereign sukuk issuance this year
Expect a global recovery in sovereign sukuk issuances this year: Sovereign sukuk issuances will stage a recovery this year to reach USD 87 bn, up from USD 78 bn in 2018 when they declined, Moody’s rating agency says in a new report. This figure will rise again in 2020 toward USD 100 bn, beating the […]