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Tourism Minister Rania Al Mashat unveiled Egypt’s Tourism Reform Program (E-TRP), her ministry’s long-term strategy aimed at reforming the tourism sector, at an AmCham luncheon on Thursday. The five-pillar strategy focuses on institutional and legislative reforms, ramping up tourism promotion campaigns, developing tourism infrastructure, and rebranding Egyptian tourism to come in line with global trends. […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Hotel occupancy rates in Cairo expected to rise 7% y-o-y in 2018, says Colliers
Hotel occupancy rates in Cairo are expected close 2018 up 7% to 70% total occupancy, Colliers International said in its latest report on Cairo’s hospitality market (pdf). Occupancy grew from last year largely on the back of the country’s improved socio-economic climate as it recovers from the effects of the EGP float in late 2016. […]
Posted inSpeed Round
Meet MIHC Chairman Basel El Hini
EXCLUSIVE- Meet MIHC Chairman Basel El Hini: Just five weeks into a mandate to reposition the state-owned giant, Misr Insurance Holding Company (MIHC) Chairman and Managing Director Basel El Hini (LinkedIn) sat down with us for a talk about the potential of Egypt’s insurance sector, the company's plans to grow beyond just insurance, a management […]
Posted inSpeed Round
Hassan Allam aims to offer 30-35% of shares in 1H2019
IPO WATCH- Hassan Allam still on track for 1H2019 IPO of up to 35% of its shares: Hassan Allam Holding is expected to offer 30-35% of its shares on the EGX during 1H2019, sources told Reuters, suggesting the IPO will be the largest the country has seen since the end of 2016. The company had […]
Posted inSpeed Round
Cabinet green lights land grant program for industry
CABINET WATCH- Government to begin land grant program for industry: Cabinet greenlit at its weekly meeting on Thursday presidential decrees designating state-owned land to be allocated at no cost to select manufacturing projects. The decrees identified land in underdeveloped areas around El Wadi El Gedeed, Minya, Beni Suef, Upper Egypt and the Red Sea. Qualifying […]
Posted inSpeed Round
Pharos to launch Egypt microfinance company
Pharos to launch a microfinance venture in 1Q2019: Our friends at Pharos Holding will expand into microfinance in 1Q2019, co-CEO Alaa El Afifi told Reuters. The firm is planning to scale up the portfolio to EGP 600-800 mn in the first half and is also planning to grow its private equity business during the year. […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
FRA to look into an appeal by Raya’s Khalil on 23 December: The Financial Regulatory Authority (FRA) will hold a hearing on 23 December to review the conditions it set for Raya Holding founder Medhat Khalil’s mandatory tender offer (MTO) to take Raya private, local news reported. A prior hearing was held on 3 December, […]
Posted inEGYPT IN THE NEWS
Egypt unearths ancient tomb in Saqqara
Topping foreign coverage of Egypt is the discovery of a uniquely well-preserved 4,400-year-old tomb in Saqqara, this time dating back to Neferirkare Kakai, the third king of the Fifth Dynasty of the Old Kingdom, Reuters reports. Archaeologists removed the last layer of debris from the tomb last week and found five shafts inside, revealing the […]
Posted inON THE FRONT PAGES
El Sisi’s speech at the inauguration of infrastructure projects tops headlines in state-owned dailies
In lockstep with the airwaves, the front pages of the country’s three main state-owned dailies focus this morning on President Abdel Fattah El Sisi’s speech at the inauguration of several projects yesterday (Al Ahram | Al Akhbar | Al Gomhuria). Al Akhbar and Al Gomhuria also give special attention to progress on the government’s nationwide […]