Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Future Pharmaceutical Industries (FPI) is in talks with English investment fund SPE over a EGP 500 mn funding package to increase production, and expects to sign a final agreement “within days,” CEO Gamal El Leithy told Amwal Al Ghad. FPI plans to use the funds to install new production lines.
Author Archives: enterpriseam admin
Posted inTourism
Egypt inks cooperation with Nikki Beach Hotels for New Alamein project
The Housing Ministry signed an MoU with international hotel chain Nikki Beach Hotels to operate and manage a hotel and residential project in New Alamein, according to a Cabinet statement. No further details were provided.
Posted inOther Business News of Note
CIRA, EGX sign cooperation agreement to promote financial literacy in Egypt
Leading private-sector education provider CIRA has signed a cooperation framework with the EGX to promote financial literacy in Egypt, EGX boss Mohamed Farid tells Youm7. The agreement will see the EGX train 60 faculty members from Badr University, which is owned by CIRA, on the principles of finance and stock trading. CIRA also plans to […]
Posted inLegislation + Policy
MP drafting new law to regulate billboards in Egypt
House Rep. Mohamed Zein is preparing a draft law to regulate billboards, which he says pose a safety hazard due to their being a distraction, Egyptian Streets reports. According to Zein, some billboards are also put up without proper licensing or permission. The government had approved in January a similar piece of legislation, which would […]
Posted inEgypt Politics + Economics
Italy arrests Egyptian accused of backing Daesh
Italian police arrested in Milan yesterday an Egyptian man accused of supporting Daesh, Al Mal reports. Police said that the suspect was planning to join the terrorist group and was using social media apps to share jihadist propaganda. Investigations also found two other Egyptians were in connection with the suspect.
Posted inMy Morning Routine
Magda Habib, CEO and founder, Dawi Clinics
My Morning Routine looks each week at how a successful member of the community starts their day — and then throws in a couple of random business questions because we simply can’t help ourselves. Extracts from our conversation this week with Magda Habib, whose decency and smarts long ago played a critical, if indirect, role […]
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 (Wednesday): 13,731 (-1.3%) Turnover: EGP 980 mn (28% above the 90-day average) EGX 30 year-to-date: -8.6% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
End of November: A delegation from the Egypt-Greece Business Council will visit Athens at the end of November to promote investment, the council’s chairman, Hani Berzi, said. 25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Egypt International Exhibition Center, Nasr City, Cairo. 26-28 November (Monday-Wednesday): 15th Arab International Mineral Resources Conference, Al Manara International Conference Center, Cairo, […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 November 2018: Are markets melting down?
It’s a grim morning out there, ladies and gentlemen, as we head back to the trenches after a beautiful midweek holiday. To wit: US and European equities cratered yesterday, with American equities erasing their gains for the year as a rout kicked off by tech shares deepened and edged into other sectors. The big five […]
Posted inWhat We're Tracking Today
More what we’re tracking on 21 November 2018: Goldman’s 2019 EM outlook, The Donald stands with MbS, Carlos Ghosn arrested
Donald Trump is standing with Saudi Arabia, downplaying Crown Prince Mohammed bin Salman, “pledging to remain a ‘steadfast partner’ of the kingdom and dismissing U.S. intelligence conclusions that the Saudi crown prince had ordered the killing of a dissident journalist last month,” the Wall Street Journal reports. Speaking of MbS: The crown prince will visit […]