Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Competition watchdog gives Apple 60 days to end ‘anti-competitive’ restrictions in Egypt: The Egyptian Competition Authority (ECA) has given global tech giant Apple 60 days to end restrictions on parallel imports by its authorized resellers. As we noted yesterday, the authority alleges that Apple is violating the Competition Act by barring its regional distributors from […]
Author Archives: enterpriseam admin
Posted inSpeed Round
PM vows to resolve issue of overdue export subsidy payments
PM vows to end delays in payment of export subsidies: Prime Minister Moustafa Madbouly has vowed to resolve the issue of overdue export subsidy payments and keep track of delays with the help of the finance ministry, Edita Chairman and Food Export Council Head Hani Berzi told Al Mal. The PM made his remarks at […]
Posted inSpeed Round
Bill that would regulate Egypt’s retail industry making its way through the House of Representatives
LEGISLATION WATCH- Retailers and restaurant owners beware: You will soon face new regulations and licensing requirements. The House of Representatives’ general assembly has given a preliminary nod to the content and naming of the Madbouly government’s proposed Retail Stores Bill, Youm7 reports The bill includes new regs and a grace period for unlicensed businesses to […]
Posted inSpeed Round
EBRD to invest EUR 2.5 bn in Egypt over two years
INVESTMENT WATCH- EBRD to invest EUR 2.5 bn in Egypt over two years: The European Bank for Reconstruction and Development (EBRD) is planning to commit up to EUR 2.5 bn-worth of projects in Egypt over the next two years, EBRD President Sir Suma Chakrabarti said on Sunday, according to Masrawy. The institution, which has lent […]
Posted inSpeed Round
MAF to invest USD 500 mn in Egypt next year
INVESTMENT WATCH- MAF to invest USD 500 mn in Egypt next year: Majid Al-Futtaim Group (MAF) is planning to invest USD 500 mn in Egypt next year, Executive Regional Manager Herve Majidier told Al Mal. The company is aiming to open 15-18 new Carrefour outlets of varying sizes including branches in Beni Suef, Aswan, Sharkiya […]
Posted inSpeed Round
ITFC to give Egypt another USD 3 bn for essential imports before end-2019
Egypt lands USD 3 bn to help finance essential imports: The International Islamic Trade Finance Corporation (ITFC) will lend Egypt USD 3 bn before the end of next year to be used for imports of petroleum derivatives and basic commodities, ITFC CEO Hani Sonbol told Al Mal. This is the second facility of that size […]
Posted inSpeed Round
Egypt’s FRA postpones Beltone appeal hearing again
FRA postpones hearing on Beltone appeal to 17 December: The Financial Regulatory Authority has postponed to Monday, 17 December is hearing on Beltone Financial’s appeal hearing of a six-month suspension handed to its investment banking arm, according to Al Mal. The hearing was first scheduled to take place on 26 November only to be postponed […]
Posted inSpeed Round
Egypt raises USD 1.1 bn in one-year USD-denominated T-bills
Egypt raised USD 1.1 bn from the sale of one-year USD-denominated T-bills at an average yield of 3.747% in an auction on Monday, the CBE said, according to Reuters.
Posted inSpeed Round
Egypt is expected to be among the world’s top recipients of remittances in 2018
Egypt is expected to be among the world’s top recipients of remittances in 2018, with inflows from Egyptians working abroad expected to reach USD 26 bn by the end of the year, up 14% y-o-y from USD 18.2 bn last year, according to the World Bank’s Migration and Development Brief (pdf). Remittances are projected to […]
Posted inSpeed Round
Enterprise is hiring
** WE’RE HIRING: We’re looking for smart, talented, and seasoned journalists and editors to join our team at Enterprise, which produces the newsletter you’re reading right now. We’re looking for people who can work on this product and help us launch exciting new stuff. Applicants should have serious English-language writing chops, a strong interest — […]