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French President Emmanuel Macron gave President Abdel Fattah El Sisi a call yesterday to lay the groundwork for Macron’s visit to Cairo at the end of this month, according to an Ittihadiya statement. The visit would be Macron’s first to Cairo as president. The call came as French Finance Minister Bruno Le Maire arrived in […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Nader Ghabbour named GB Auto’s Vice-CEO
MOVES- Our friend Nader Ghabbour has been named deputy CEO of GB Auto, according to a bourse filing (pdf). Ghabbour, who was previously GB Auto’s COO, will be replaced by Karim Gaddas.
Posted inSpeed Round
CORRECTION- We mistakenly referred yesterday to Compass-owned Bonyan for Development and Trade’s new outdoor complex in Sheikh Zayed as The Walk of Life. The complex is named The Walk of Cairo. We regret the error. The entry has since been updated on our website.
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
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. Also coming up in the next few weeks: The Environment Ministry will set a tariff […]
Posted inImage of the Day
Egypt is in the hot zone of countries with the highest ratio of debt to GDP
Egypt is in the hot zone of countries with the highest ratio of government debt to GDP, ranking us 15th out of 221 countries on a chart by HowMuch.net that is getting wide play after being picked up by the World Economic Forum. The chart uses data that puts Egypt’s government debt-to-GDP ratio at 103% […]
Posted inEGYPT IN THE NEWS
Egypt talk show host sentenced to year in prison for promoting indecency, Swvl among MENA’s top unicorns
It’s a quiet morning for Egypt in the international press. The only story likely to have legs beyond today is a report by France’s AFP that a misdemeanor court in Six October has sentenced talk show host Mohamed El Gheity a year in jail and a fine of EGP 3k for hosting a homo[redacted] man […]
Posted inON THE FRONT PAGES
El Sisi-led econ talks dominate front pages of Egypt’s state dailies
Two separate econ-focused meetings held by President Abdel Fattah El Sisi yesterday, one with French Finance Minister Bruno Le Maire and the other with Prime Minister Mostafa Madbouly and Finance Minister Mohamed Maait, dominated the front pages of the country’s three main state-owned dailies (Al Ahram | Al Akhbar | Al Gomhuria) this morning. El […]
Posted inWorth reading
One of Egypt’s biggest PPPs comes online this year
How Qalaa’s ERC is the right way to do PPP: The Egyptian Refining Company (ERC)— a major public private partnership (PPP) megaproject led by Qalaa Holdings — is scheduled to come online later this year. The USD 4.3 bn facility, which is capable of producing 4.7 mn tonnes of refined oil products and derivatives per […]