Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Saudi-based Smart Lab and an unnamed Egyptian private company are planning to build a USD 10 mn laboratory complex to certify mechanical products manufactured in Egypt, CEO Adel Al Ghamdi said. The complex will be built in proximity to major industrial areas and managed by the Saudi party, who will be working to certify products […]
Author Archives: enterpriseam admin
Posted inSports
Egypt’s Ramadan Darwish wins bronze in judo at Guangzhou Masters 2018
Egyptian judoka Ramadan Darwish won the bronze medal at the Guangzhou Masters 2018 in China, after beating athletes from Portugal, Russia, and Holland but ultimately losing in the semi-finals stage, Al Masry Al Youm reports.
Posted inON YOUR WAY OUT
Bassita launches VeryNile, a local initiative to clean up Egypt’s Nile River
Egyptian clickfunding platform Bassita launched “VeryNile,” a new initiative to clean up the Nile by creating a sustainable ecosystem that recycles the plastic and waste collected from the river, Egyptian Streets reports. VeryNile aims to drive large-scale and environmentally sound removal of plastic pollution from Egypt’s aquatic ecosystems, partnering with local fishermen and leading volunteer […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Sunday): 12,992 (0.0%) Turnover: EGP 543 mn (32% below the 90-day average) EGX 30 year-to-date: -13.5% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
December: The government will announce the second phase of its privatization program before year-end, Public Enterprises Minister Hisham Tawfik said. The committee overseeing the state privatization program is also scheduled to hold a meeting next month to look into how market conditions developed since the privatization program was put on ice. 11-17 December (Tuesday-Monday): Egypt-Russia […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 December 2018
The end-of-year news slowdown is not upon us. It just feels that way after an unusually quiet weekend here and abroad. We figure the news cycle has at least a week to go before things quiet down, and there’s always the central bank’s 27 December interest rate decision to which to look forward. ** Results […]
Posted inWhat We're Tracking Today
Doom & Gloom at year’s end: Bloomberg’s Pessimist’s Guide + 2019 looks miserable for EM, contrarian analysts say
If it’s the end of the year, it’s time for Doom & Gloom — Bloomberg style. We look forward to the business information service’s Pessimist’s Guide every year, and the 2018 installment was really worth waiting for: It imagines what a run of climate disasters could do if they were to happen all at once. […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi’s remarks on Egypt’s obesity rates, Cairo governor’s lack of knowledge about Cairo lead the conversation
The airwaves were abuzz last night with commentary on President Abdel Fattah El Sisi’s remarks at the inauguration of several infrastructure projects over the weekend. Of particular interest to the talking heads was El Sisi’s exchange with Cairo Governor Khaled Abdel Aal, who was unable to answer several of the president’s inquiries about his governorate, […]
Posted inSpeed Round
Egypt considering legal framework to seize unpaid taxes
The taxman wants the power to freeze funds in the corporate and personal accounts of alleged tax cheats: The Finance Ministry is looking to discuss with the central bank legislation that would allow the government to freeze funds in the corporate and personal bank accounts of alleged tax cheats, Finance Minister Mohamed Maait said yesterday, […]