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Does the collapse of talks on a USD 20 bn Chinese investment call into question Egypt’s attractiveness to foreign investors? The collapse of Egypt’s talks with China Fortune Land Development (CFLD) over the development of a USD 20 bn project in the new administrative capital “raises questions about Egypt’s ability to attract any meaningful FDI,” […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt arranging eurobond roadshow in Europe “soon”
FinMin arranging eurobond roadshow in Europe “soon”: The Finance Ministry is planning a roadshow in Europe “soon” for Egypt’s upcoming USD 4-7 bn eurobond issuance, the Finance Ministry said yesterday (pdf). A ministry delegation will hit England, France, Spain, Switzerland, and Germany, among others, according to the report. The ministry is expected to launch a […]
Posted inSpeed Round
Austria praises Egypt efforts in combating illegal migration, Egypt wants more cooperation
Illegal migration headlines day one of Sisi’s Vienna visit: Austrian Chancellor Sebastian Kurz praised on Monday Egypt’s successes in combating illegal migration — which he mentioned included zero boats having reached Europe from Egyptian shores since September 2016, according to an Ittihadiya statement. The chancellor’s comments followed discussions with President Abdel Fattah El Sisi during […]
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MOVES- Oil Minister hires new EMRA head
MOVES- Mineral resources authority gets new boss: Oil Minister Tarek El Molla appointed geologist and former deputy CEO of Egyptian Petroleum General Corporation (EGPC) for Agreements and Exploration Osama Farouk Saied as the new head of the Egyptian Mineral Resources Authority (EMRA), the ministry announced yesterday. The appointment was one of 22 made across the […]
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Egypt’s new framework for short-term bonds, instruments published in Gazette
Egypt’s new framework for short-term bonds, instruments published in Official Gazette: The recent decision by the Financial Regulatory Authority, setting the framework and regulations governing short-term debt instruments, was published yesterday in the Official Gazette, according to VetoGate. The framework specifies the approved issuers and buyers of short-term bonds, sukuks, and other securities, and allows […]
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Egypt’s Pyramids of Giza makes Uber’s list of “most popular travel destination in 2018”
Egypt’s Pyramids of Giza makes Uber’s list of “most popular travel destination in 2018,” according to the Uber Newsroom. Topping the list was the Empire State Building, followed by the Freedom Tower also in NYC. The US, Brazil and India were the top three countries when it came to mileage covered with Uber, according to […]
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WhatsApp publishes full-page advert in Al Ahram advising users on security
WhatsApp published a full-page advert on the last page of state-owned Al Ahram advising its users on security while using the app. The advert includes a summary of basic privacy features available on WhatsApp — such as preventing others from knowing when you’ve read a message and the ability to block certain contacts and also […]
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Careem diversifies with the launch of a delivery service
Careem launches delivery service in Saudi and the UAE: Careem has launched Careem Now, a separate app that aims to become a full delivery service for anything from food to meds, according to Reuters in a piece that also covers the ride sharing app’s expansion and fundraising plans. Careem Now launched as a food delivery […]
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Egypt’s Carbon Holdings inks equity framework agreement for TPC with African Finance Corp.
CLARIFICATION- Carbon’s TPC inks equity framework agreement: Tahrir Petrochemicals Corporation and Lagos-based Africa Finance Corporation (AFC) have signed a USD 1.25 bn equity subscription framework agreement for its c. USD 11 bn petrochemicals project, slated to become the largest of its kind in the region, Carbon Holdings said in a statement (pdf). “We are proud […]
Posted inSpeed Round
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