** 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
Controversial constitutional amendments still topping foreign coverage
Topping coverage of Egypt in the foreign press this morning is news that a coalition has been formed by Egypt’s opposition parties against proposed constitutional amendments that could potentially extend the rule of President Abdel Fattah El-Sisi until 2034. The self-styled “union for the defense of the constitution” includes members of the Karama and Dostour […]
Tarek Assaad — Managing Partner, Algebra Ventures
Tarek Assaad wears Algebra Capital’s investment thesis on his sleeve — and on his face. “No, I prefer to smile, if you don’t mind,” Assaad (LinkedIn) told us when agreeing to pose for the shot you see above. Assaad, partners Karim Hussein and Ziad Mokhtar and the team at Algebra embody a sunny optimism about […]
Sherif El Kholy — partner and head of Middle East & North Africa, Actis
2018 was not an easy year for private equity — not globally, and certainly not in our neck of the woods, where the collapse of onetime regional and EM champion Abraaj shook both the industry and those who invest in it. Sherif El Kholy, partner and head of Middle East & North Africa at Actis, […]
The Market Yesterday
EGP / USD CBE market average: Buy 17.56 | Sell 17.66 EGP / USD at CIB: Buy 17.56 | Sell 17.66 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Wednesday): 14,767 (+0.2%) Turnover: EGP 1.2 bn (32% above the 90-day average) EGX 30 year-to-date: +13.3% THE MARKET ON WEDNESDAY: The EGX30 ended […]
07 February (Thursday): Egypt Building Materials Summit, Nile Ritz Carlton, Cairo, Egypt 11-13 February (Monday-Wednesday): Egypt Petroleum Show, Egyptian International Exhibition Center, Cairo. 14 February (Thursday): Central Bank of Egypt’s monetary policy committee meets to review interest rate. 19 February (Tuesday) The Cairo Economic Court to deliver decision on pharma distributors appeal, Egypt. 19-20 February […]
What we’re tracking on 6 February 2019
** The Enterprise 2019 CEO Week continues today as we touch base with some of Egypt’s top CEOs about the questions that will define the coming 12 months across all industries. The conversations replace our industry news roundups, which will return next week. The format: Each CEO answered roughly the same set of questions, tailored […]
Egypt’s forthcoming constitutional amendments in the limelight again on the airwaves
Possible constitutional amendments were once again in the limelight on last night’s talk shows. We have the full story in Speed Round, below. The House of Representatives will debate the amendments over the coming 60 days, Rep. Tarek El Kholy told Al Hayah Al Youm. El Kholy also explained the technicalities of the procedures necessary […]
Non-oil business activity hits lowest levels in more than a year
Non-oil business activity hits lowest levels in more than a year: The Egypt purchasing managers’ index (PMI) contracted for the fifth consecutive month in January to reach its lowest level since December 2017, according to Markit / Emirates NBD data. The index fell to 48.5 last month from 49.6 in December, reversing two months of […]