Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
News that Mercedes-Benz plans to go back to assembling cars in Egypt after a four-year hiatus featured on Hona Al Asema (watch, runtime 06:40). The announcement comes shortly after the Egyptian government settled a c.EGP 700 mn (USD 39.2 mn) dispute between the Customs Authority and an Egyptian importer of Mercedes-Benz cars. Auto industry analyst […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Mercedes-Benz plans new cars assembly plant in Egypt
INVESTMENT WATCH- Mercedes-Benz plans new car assembly plant in Egypt: German car manufacturer Mercedes-Benz could “start” a new assembly plant in Egypt, Mercedes-Benz brand owner Daimler said in a statement on Friday. The plant will be built by a “local business partner” and in collaboration with the Egyptian government. The statement does not provide further […]
Posted inSpeed Round
OECD intends to raise Egypt’s rating as an investment-friendly destination
OECD to declare Egypt an investment-friendly destination: The Organization for Economic Cooperation and Development (OECD) is intending to raise Egypt’s rating from yellow to green, marking it as an investment-friendly destination, the Investment and International Cooperation Ministry said in a statement. The statement does not provide further details on whether the upgrade is contingent on […]
Posted inSpeed Round
Egypt is the single largest recipient of EBRD investment in 2018
INVESTMENT WATCH- Egypt was the single largest recipient of EBRD investment in 2018: With EUR 1.15 bn invested in 19 projects nationwide, Egypt was the single largest recipient of investment from the European Bank for Reconstruction and Development (EBRD) in 2018, according to an EBRD statement out on Thursday. The EBRD doled out a EUR […]
Posted inSpeed Round
Egyptian-Lebanese investor acquires 25% of TechnoScan
M&A WATCH- Egyptian-Lebanese investor acquires 25% of TechnoScan: An unnamed Egyptian-Lebanese investor bought 25% of radiology and diagnostic imaging center TechnoScan in a USD 2 mn transaction, the local press reported. Saudi Arabia’s Elaj Group was said to have been in the “final stages” of acquiring 75% of TechnoScan in September. Advisors: Matouk Bassiouny & […]
Posted inSpeed Round
Hazem Samor appointed new chairman of Egypt’s Nozha Int’l
MOVES- Hazem Samor appointed new chairman of Nozha Int’l: Hazem Mohamed Samor was named chairman of Nozha International Hospitals on Thursday, according to a bourse filing (pdf). Samor succeeds his late father Mohamed Beyoumi Samor, who passed away earlier this month.
Posted inSpeed Round
Egypt’s Helwan Cement to sell white plant to Emaar for EGP 694.5 mn
M&A WATCH- Helwan Cement to sell white plant to Emaar for EGP 694.5 mn: Helwan Cement reached an agreement to sell its white cement plant to Emaar Industries for EGP 694.5 mn, according to a bourse filing (pdf) by its parent company Suez Cement on Thursday. Helwan Cement will split off the company owning the […]
Posted inSpeed Round
Arabian Cement, SolarizEgypt sign EGP 100 mn solar power plant agreement
Arabian Cement signs agreement with SolarizEgypt for EGP 100 mn solar facility: Arabian Cement Company (ACC) and SolarizEgypt signed on Wednesday a EGP 100 mn agreement to set up a solar power plant at ACC’s cement plant in Suez, according to an emailed statement (pdf). The solar power installation will provide about 4% of the […]
Posted inSpeed Round
LSE Group selects eight Egyptian companies as part of Inspire Africa 2019
LSE selects eight Egyptian companies as part of Inspire Africa 2019: In its latest bid to drum up potential listings in the Middle East and Africa, the London Stock Exchange has named eight Egyptian companies to its list of Companies to Inspire Africa 2019, which it says highlights Africa’s most dynamic businesses. Who made the […]
Posted inSpeed Round
6 tech startups to join Egypt CIT Ministry’s TIEC Incubator
STARTUP WATCH- Six tech startups to join CIT Ministry’s TIEC Incubator: The CIT Ministry’s Technology Innovation & Entrepreneurship Center (TIEC) selected six tech startups that won the 21st round of its startup competition Start IT to join it incubator, TIEC said in a statement. Those tapped include garment industry-focused IoT platform Garment IO, cloud POS […]