Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Egypt is one of the countries most vulnerable should the EM Zombie Apocalypse bite again,according to study by Bloomberg Economics. Turkey was the most vulnerable, followed by Argentina and South Africa. Thailand and Saudi Arabia are the least vulnerable of the 20 nations included in the study. What’s the methodology? Bloomberg Economics cobbled together a […]
Author Archives: enterpriseam admin
Posted inSpeed Round
How much longer can the banking system support FX outflows without the central bank releasing some reserves?
How much longer can the banking system support FX outflows without the central bank releasing some reserves? We all know that FX has been leaving Egypt has hot money has pulled out of Egypt as the EM Zombie Apocalypse has unfolded. So why have reserves at the Central Bank of Egypt not declined? (For those […]
Posted inSpeed Round
Preliminary gov’t figures show Egypt’s GDP growth at 5.3% in 1Q18-19
Economy grew 5.3% in 1Q18-19, according to preliminary gov’t figures: Egypt’s GDP grew 5.3% y-o-y during the first quarter of FY2018-19, according to preliminary figures made public yesterday by Planning Minister Hala El Said told cabinet. Growth was driven by the gas, ICT, and construction sectors, as well as Suez Canal revenues. The government is […]
Posted inSpeed Round
Egypt Cabinet approves amendments to Mineral Resources Act
CABINET WATCH- Madbouly Cabinet approves amendments to Mineral Resources Act: The Madbouly Cabinet approved on Wednesday long-awaited amendments to the Mineral Resources Act that aim to attract significant foreign interest in the nation’s mining sector, according to a statement from the Madbouly Cabinet. While the statement includes no details on the amendments, previous reports indicate […]
Posted inSpeed Round
New York-based Modus Capital launches in Egypt
INVESTMENT WATCH- New York-based Modus Capital launches in Egypt: Entrepreneurial venture capital firm Modus Capital, established in 2015, announced on Wednesday the official launch of its operations in Egypt. “We intend to work closely with our local partners to build the ecosystem, drive positive social change, whilst generating profits for investors,” Modus’ Managing Partner and […]
Posted inSpeed Round
Germany’s BSH to set up home appliances factory in Egypt
INVESTMENT WATCH- Germany’s BSH to set up home appliances factory in Egypt: New Urban Communities Authority (NUCA)’s board of directors has agreed to allocate 10 acres in the Tenth of Ramadan industrial city to Germany’s Bosch und Siemens Hausgeräte (BSH) to set up a home appliances factory, a local news outlet reported. No further details […]
Posted inSpeed Round
Egypt’s CIB posts 3Q2018 results
EARNINGS WATCH- CIB posts record third quarter earnings: Our friends at CIB delivered a 24% y-o-y rise in net income of EGP 2.6 bn in 3Q2018 on revenues of EGP 6.01 bn (up 45% y-o-y). Commenting in the bank’s earnings release overnight, management said CIB’s strong performance underscores the bank’s resilience amid an uncertain macroeconomic […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inUp Next
What we’re tracking this week and beyond
LEGISLATION WATCH- The House could vote as early as Saturday to impose tougher penalties for the possession of unlicensed firearms and ammunition,according to Al Mal. The news comes as the House Constitutional and Legislative Committee is expected to finalize on Sunday its review of proposed amendments to the Criminal Procedures Act, MP Abla El Hawary […]
Posted inEGYPT IN THE NEWS
Egyptian court sentences eight Daesh members to death for killing security forces
Wire pickups of an Egyptian military court sentencing eight Daesh members to death for their involvement in terrorist attacks on security forces is topping coverage of Egypt on an otherwise quiet morning in the foreign press. Another 32 defendants were handed life sentences and two were sentenced to 15 years in prison. Two others were […]