Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Raya Holding subsidiary Aman is planning to issue EGP 250-300 mn-worth of asset-backed securities, pending Financial Regulatory Authority (FRA) approval of the company’s bid to establish a securitization arm, Raya CEO and founder Medhat Khalil tells Al Mal. CIB will run the bookbuilding process for the issuance and El Derini and Partners will act as […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
FRA approves request from Mubasher to suspend advisory branch
The Financial Regulatory Authority approved Mubasher International’s request to temporarily suspend activities at its financial advisory armfor a year, CEO Ayman Sadek tells Al Mal. Mubasher’s EGM had signed off on the suspension on the back of a slowdown in EGX activity. The company will undergo a restructuring program in the meantime, and keep an […]
Posted inBanking + Finance
Fawry to invest EGP 400 to improve operations and meet rising demand
E-payments provider Fawry will invest EGP 400 mn to improve the company’s infrastructure and customer service, founder and CEO Ashraf Sabry told Amwal Al Ghad. The self-financed investment will go towards improving the company’s operations to meet rising demand and higher levels of financial inclusion in Egypt.
Posted inMy Morning Routine
Bahaa Ali El Dean, managing partner, ALC and lecturer of law
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 Bahaa Ali El Dean, one of our favorite lawyers: Who am I? I’m Bahaa […]
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): 13,487 (-0.4%) Turnover: EGP 916 mn (23% above the 90-day average) EGX 30 year-to-date: -10.2% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
14-15 November (Wednesday-Thursday) Digitalisation: opportunities for innovation in consultancy, Marriott Mena House Hotel, Cairo, Egypt 15 November (Thursday): CBE’s Monetary Policy Committee meeting.15 November (Thursday) 15 November (Thursday): The T20 Invest in Healthcare Conference 2018, Nile Ritz Carlton Hotel, Cairo, Egypt. 17-19 November (Saturday-Monday): ElectricX-Energizing The Industry, Egypt International Exhibition Center, Cairo, Egypt. 20 November […]
Posted inWhat We're Tracking Today
What we’re tracking on 13 November 2018: SWF regs and CEO, M&A forum, AUC coins
Wealth fund regulations to be completed “within days”: The bylaws and articles that will regulate Egypt’s proposed EGP 200 bn sovereign wealth fund will be completed within the coming days, Youm7 reports, citing an unnamed official in the Planning Ministry. But don’t expect a CEO to be named just yet. While Youm7’s source tells it […]
Posted inWhat We're Tracking Today
What we’re tracking on 13 November 2018: oil slump, Goldman in a spotlight it would rather avoid
Oil plunged about 7% yesterday to an eight-month low, going deeper into bear territory as “traders scrambled to adjust options positions amid fears global economic turbulence would cut into demand,” the Financial Times reports. Brent was down 6.6%, while West Texas Intermediate in the US was down 7.1%. Why is oil plunging? It is almost […]
Posted inWhat We're Tracking Today
What we’re tracking on 13 November 2018: Spotify in Egypt, education and the workforce
In miscellany this morning: Spotify launched yesterday in Egypt and several other Arab markets. The world’s largest streaming music service will be available at a cost of EGP 49.99 per month in Egypt as well as 13 other regional markets, including the UAE and Morocco. Egypt, Saudi Arabia, the UAE, and Morocco are expected to […]