Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
** 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 […]
Author Archives: enterpriseam admin
Posted inUp Next
What we’re tracking this week and beyond
The Egyptian data satellite Egypt Sat A will launch tomorrow, local press reported. The satellite manufactured in Russia in cooperation with Egypt will be launched from Russian spaceport Baikonur in Kazakhstan. The EGP 500 mn first section of the fourth phase of Cairo Metro Line 3 is also due to open by the weekend, sources […]
Posted inTHE MACRO PICTURE
Non-OPEC oil producers are failing to meet their supply cut targets
Non-OPEC oil producers are failing to meet their supply cut targets: The 1.2 mbd oil production cut agreement made between OPEC and non-OPEC countries last year is falling by the wayside as new Bloomberg data reveals that just 10 of the 21 signatories met their production targets in January. OPEC more or less upheld their […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 20 February 2019
NYT’s David Kirkpatrick denied entry to Egypt: Former New York Times Cairo bureau chief David Kirkpatrick was barred from entering Egypt after he landed in Cairo on Monday evening, according to the New York Times’ Declan Walsh. Kirkpatrick was reportedly held “incommunicado for hours before forcing him onto a flight back to London without explanation” […]
Posted inON THE FRONT PAGES
Combating terrorism is the topic du jour for Egypt’s state-owned dailies
Combating terrorism is the topic du jour for Egypt’s state-owned dailies, with the front pages of Al Ahram and Al Akhbar featuring statements from President Abdel Fattah El Sisi stressing the importance of anti-terrorism efforts, and Al Gomhuria taking note of the death of 16 militants yesterday. Al Ahram and Al Gomhuria also feature the […]
Posted inWorth reading
Perpetual bonds to boost Chinese capital
Perpetual bonds to boost Chinese capital. Here’s why you should care: China’s commercial banks are due to issue a fresh round of perpetual bonds in a bid to boost capital, Sherry Fei Ju and Don Weinland write in the FT. The Bank of China’s first issuance in January proved popular with investors and generated RMB […]
Posted inWorth watching
Emerging markets keep traders, investors and analysts on their toes
Emerging markets keep traders, investors and analysts on their toes: Emerging markets have seen a rapid increase of inflows this year, across both equities and fixed income, BlackRock’s head of iShares EMEA investment strategy, Wei Li, said on Bloomberg TV on Monday (watch, runtime: 2:40). Li characterizes emerging markets as a “bright spot” amid a […]
Posted inDiplomacy + Foreign Trade
Ministers in Chad soon to explore investment prospects for Egypt
The public enterprises, investment and health ministers will head a delegation of companies into Chad soon to explore investment prospects, Public Enterprises Minister Hisham Tawfik tells Al Mal. The heads of the Holding Company for Construction and Development and HoldiPharma will accompany the ministers, and a delegation of Egyptian businessmen will likely accompany the delegation.
Posted inEnergy
Egypt pays USD 200 mn in arrears to international oil companies
Egypt paid USD 200 mn in arrears to international oil companies in December, bringing its total arrears down to USD 1 bn, Masrawy reported. It is unknown which companies received payment from the government. The ministry said last year that it expects to pay its arrears in full by the end of 2019. The government […]
Posted inEnergy
Global Lease allocates EGP 100 mn to fund small solar power plants
Global Lease has allocated EGP 100 mn to fund small solar power plants through an agreement with Enara and Infinity with repayments over 3-5 years, said CEO Hatem Samir. Global Lease is also in talks with four local banks, including Attijariwafa and United Bank, to increase its financing portfolio by EGP 500 mn over the […]