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Marvel Comics’ Stan Lee passes away at 95. The man behind Iron Man, Spider-Man, the Fantastic Four and countless other superheroes died yesterday at a hospital in Los Angeles, the Washington Post reports. Stan Lee was a legend whose career helped transform pop culture through comics and film. Set in realistic settings, Mr. Lee’s “full-color, […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi’s attendance of Libya conference in Italy leads the conversation on the airwaves
President Abdel Fattah El Sisi’s attendance of a two-day peace conference on Libya in Italy was the main topic of interest on the airwaves last night. We have the full story in Diplomacy + Foreign Trade, below. The president will be pushing for a political solution to Libya’s civil war that would unite rival factions, […]
Posted inSpeed Round
UAE’s Mubadala buys 20% interest in Egypt’s Nour concession
M&A WATCH- UAE’s Mubadala buys 20% interest in Egypt’s Nour concession: The UAE’s Mubadala Petroleum has agreed to buy a 20% participating interest in Egypt’s Nour offshore concessionin North Sinai from Italy’s Eni, Reuters reports. The value of the investment was not disclosed. Eni holds an 85% stake in the concession while Tharwa Petroleum Company […]
Posted inSpeed Round
BP to invest USD 1.8 bn in Egypt next year
INVESTMENT WATCH- BP repeats nearly USD 2 bn investment pledge as Egypt budget rises: BP will invest USD 1.8 bn in Egypt next year as part of plans to expand its operations in the Middle East, CEO Bob Dudley told The National in Abu Dhabi, reiterating past pledges. “We’ve spent in the last two years […]
Posted inSpeed Round
EAEF to invest USD 3 mn in in primary care clinic chain Dawi
INVESTMENT WATCH- EAEF to invest USD 3 mn in primary care clinic chain Dawi: The Egyptian-American Enterprise Fund (EAEF) announced yesterday (pdf) that it will invest as much as USD 3 mn in primary care clinic chain Dawi Clinics and the training of its medical staff. The EAEF zeroed in on Dawi’s approach, which introduces […]
Posted inSpeed Round
Careem invests USD 100 mn in bus service in Egypt, with pilot set to launch before end of year
INVESTMENT WATCH- Careem’s USD 100 mn bus service in Egypt scheduled for pilot run. Careem has invested USD 100 mn developing a bus service in Egypt, the company’s Director of Category Management Hadeer Shalaby tells Youm7, with a pilot run scheduled before the end of 2018. The ride-hailing app has previously signaled its plans to […]
Posted inSpeed Round
CIRA to IPO Badr City medical complex
IPO WATCH- CIRA will eventually look to IPO its Badr City medical complex: Private-sector education provider Cairo Investment and Real Estate Development (CIRA) is hoping to eventually list its medical complex in Badr City, CEO Mohamed El Kalla said. El Kalla did not state when CIRA plans to spin-off the complex, which will operate 18 […]
Posted inSpeed Round
House backs legislation to tax social media ads
House backs legislation to tax social media ads: MPs will support the Finance Ministry’s drive to collect taxes on domestic purchases of social media advertising, said House spokesperson Salah Hassaballah, according to Al Mal. The move will require some change to legislation, the story suggests, and comes after we reported in October that the finance […]
Posted inSpeed Round
Earnings Watch: GB Auto, Orascom Development Egypt
EARNINGS WATCH- GB Auto reported a consolidated net profit of EGP 240.4 mn in 3Q2018, reversing losses of EGP 138.9 mn in the same quarter last year, according to the company’s earnings release (pdf). “I am particularly pleased with our Group's performance during the quarter were our assessment of the market's recovery has proven to […]