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REGULATION WATCH- FRA drafting new regulations for IPO bookbuilding process: A Financial Regulatory Authority (FRA) committee is looking at new regulations to govern the bookbuilding process during IPOs, including the pricing and allocation of shares, unnamed sources tell Al Mal. The committee’s recommendation will pass through the FRA’s board of directors and head, Mohamed Omran. […]
Author Archives: enterpriseam admin
Posted inSpeed Round
FRA grants SODIC grace period to submit MTO for MNHD acquisition
M&A WATCH- FRA grants SODIC 60-day grace period to submit MTO for MNHD acquisition: The Financial Regulatory Authority (FRA) has approved upmarket real estate developer SODIC’s request for a 60-day grace period to submit its mandatory tender offer to acquire at least 51% of Madinet Nasr Housing and Development (MNHD) through a direct share swap, […]
Posted inSpeed Round
Ibnsina agrees with Novartis to begin distributing Alcon products in Egypt
Ibnsina to distribute Novartis’ Alcon products in Egypt: Ibnsina Pharma will distribute global eye care product manufacturer Novartis’ Alcon’s products in Egypt, according to a company statement (pdf). The newly inked agreement lends further credence to the argument “that exclusivity is dying in the pharma market,” Ibnsina Co-CEO Omar Abdel Gawad says. As the fastest […]
Posted inSpeed Round
Egypt’s House approves bill for persons with disabilities
LEGISLATION WATCH- House approves bill setting up council for persons with disabilities: The House of Representatives’ general assembly approved yesterday legislation to establish the National Council for Persons with Disabilities, according to Youm7. The 19-member body replaces the National Council for Disability Affairs and is responsible for creating better conditions for the disabled. Prime Minister […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
Are recessions as inevitable as aging or do we summon them by expecting them?
Recessions remain one of the greatest mysteries of economics: Is old age the culprit, or are they self-fulfilling prophecies? Economists widely disagree on the root causes of recessions — and often falter when it comes to predicting them. The theories for why long-term growth occasionally leads to economies going belly up are many — but […]
Posted inEGYPT IN THE NEWS
Honeymooners suffer food poisoning in Sahl Hasheesh
How slow a news day is it for Egypt in the international press? UK tabs are back to one of their favorite memes: Brit goes on holiday to a sunny destination peopled by non-melanin-challenged people. Brit gets a tummyache. Brit’s holiday is absolutely ruined. The perfidy. Per The Sun: An English couple honeymooning suffered food […]
Posted inON THE FRONT PAGES
El Sisi meetings with King Abdullah dominates headlines of Egypt’s main dailies
Talks between President Abdel Fattah El Sisi and Jordan’s King Abdullah II in Amman dominated the front pages of the country’s three main state-owned dailies (Al Ahram | Al Akhbar | Al Gomhuria) this morning. El Sisi and Abdullah discussed bilateral relations and regional cooperation, highlighting the importance of continued negotiations between the Palestinians and […]
Posted inDiplomacy + Foreign Trade
Egypt, Jordan amend natgas supply agreements as El Sisi visits Amman
Egypt, Jordan amend natgas supply agreements: Oil Minister Tarek El Molla and his Jordanian counterpart Hala Zawati signed agreements amending prior natural gas purchase and sale agreements and MoUs, according to Al Shorouk. No details were provided as to what the amendments entail. Egypt began exporting natural gas to Jordan last September under a supply […]
Posted inEnergy
Egypt to halt fuel imports within two years
Egypt will halt imports of petroleum products, diesel in particular, within two yearsas production from national projects, including ones carried out by MIDOR and the Egyptian Refining Company, continues to grow, the Oil Ministry’s Khalid Othman told the House of Representatives, according to Al Mal.