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Elsewedy Electric plans to get into desalination: Elsewedy Electricity has plans to begin developing desalination plants in Egypt, CEO Ahmed Elsewedy reportedly said, according to local sources. The company has already lined up investments to get into the sector, and is looking to get in on one or two projects, he noted. The story did […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Central Bank of Egypt approves Bank Audi request to begin due diligence on NBG
M&A WATCH- CBE greenlights Bank Audi due diligence on NBG: The central bank given Bank Audi the go-ahead to do due diligence on the potential acquisition of the National Bank of Greece’s (NBG) assets in Egypt, CBE Deputy Governor Gamal Negm told Masrawy. A source from Bank Audi said to other lenders are kicking NBG’s […]
Posted inSpeed Round
Suez Canal revenues rise to USD 5.7 bn in 2018
Suez Canal revenues rose to USD 5.7 bn in 2018, up from USD 5.3 bn the previous year, according to Reuters calculations based on government data.
Posted inSpeed Round
Egypt PM to chair SME Development Authority
MOVES- Prime minister to chair SME Development Authority: Prime Minister Moustafa Madbouly named himself as the chairman of the SME Development Authority for four years as part of a newly constituted board, the cabinet said in a statement. The new board includes the ministers of finance, investment and planning among others. On a related note: […]
Posted inSpeed Round
50k civil servants to be transferred to Egypt’s new capital in 2020 -minister
Sign of the times? As many as 50k state employees could be reassigned to offices in the new administrative capital next year, the Planning Ministry said yesterday.
Posted inSpeed Round
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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
FinMin to select adviser on eurobond issuance on Thursday: The Finance Ministry will select this Thursday the investment banks that will advise on its upcoming USD 4-7 bn eurobond issuance, set to take place sometime in 1Q2019, local news reports. Egypt will be hosting the Banking Technology North Africa Week conference on 28-29 January at […]
Posted inEGYPT IN THE NEWS
Drive to paint Egypt’s red-brick building to follow color scheme set by region
Leading the conversation on Egypt this morning: Our track record on LGBTQ rights. As we suggested yesterday, the jail sentence handed to talk show host Mohamed El Gheity for hosting a homo[redacted] man on air is getting wide play in the international press. The BBC, the Independent, and the Associated Press have all taken note […]
Posted inON THE FRONT PAGES
El Sisi’s inauguration of book fair dominates front pages of Egypt’s main dailies
President Abdel Fattah El Sisi’s inauguration of the Cairo International Book Fair is at the forefront of state-owned Al Ahram this morning. Ittihadiya Spokesman Bassam Rady said the president’s participation in the fair reflects the state’s keenness to spread culture and awareness, the newspaper noted. Al Akhbar, meanwhile, took note of the state budget’s performance […]