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Qalaa Holdings has signed an MoU to sell its stake in Algerian cement company Zahana to Algeria’s state-owned Groupe Industriel des Ciments (GICA), according to an EGX disclosure (pdf). The transaction should be complete in 1H2019, Qalaa said. Qalaa had announced plans to exit Zahana last September as part of its bid to divest in […]
Author Archives: enterpriseam admin
Posted inLegislation + Policy
Housing Ministry in talks to push forward Real Estate Investment Law
The Housing Ministry is currently in talks with real estate representatives about a proposed law to regulate investments in the sector, ministry sources said. The ministry is working to expedite the issuance of the law, which is meant to resolve issues the New Urban Communities Authority (NUCA) faces in its dealings with developers, including an […]
Posted inEgypt Politics + Economics
Supreme Media Council extends deadline for news website licenses
The Supreme Media Council announced yesterday it has extended the deadline for submitting applications for news website permits an additional two weeks, according to Al Masry Al Youm. Some news websites were not able to submit their applications in time, council undersecretary Abdel Fattah El Gebaly said. The licenses apply to news websites whose capital […]
Posted inMy Morning Routine
Nadine El Alaily, founder and CEO, BodyBlocks
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. Who are you? I’m Nadine El Alaily, founder and CEO of BodyBlocks. We deliver healthy, tailored meals to about 3,000 clients […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.85 | 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): 13,616 (+1.3%) Turnover: EGP 1.2 bn (%67 above the 90-day average) EGX 30 year-to-date: -9.3% THE MARKET ON WEDNESDAY: The EGX30 index […]
Posted inCALENDAR
13-29 November (Tuesday-Thursday): UN Biodiversity Conference, Sharm El Sheikh, Egypt. 14 November (Wednesday): Egypt M&A and Private Equity Forum, Nile Ritz Carlton Hotel, Cairo, Egypt. 15 November (Thursday): CBE’s Monetary Policy Committee meeting.15 November (Thursday) The T20 Invest in Healthcare Conference 2018, Nile Ritz Carlton Hotel, Cairo, Egypt. 15 November (Thursday): The T20 Invest in […]
Posted inWhat We're Tracking Today
What we’re tracking on 7 November 2018
Talk as much as you like about the global economy, business here at home or domestic politics, but all anyone is really paying attention to this morning are the results of the US midterm elections. Polls were closing across the United States in a rolling wave as we slid toward dispatch time this morning, and […]
Posted inWhat We're Tracking Today
Miscellany on 7 November 2018: Disrupting advertising
In miscellany this morning, for those moments when you’re not hitting ‘refresh’ on the US election results: And Don Draper wept: If you’re in the advertising business, you’ll want to read a couple of Wall Street Journal stories back-to-back. “The rise of the internet battered industries from newspapers to retailers, but it was a gold […]
Posted inEnterprise+: Last Night’s Talk Shows
World Youth Forum coverage tapers off as the event comes to a close
The talking heads slowly weaned themselves off covering the World Youth Forum as the event came to a close yesterday. El Sisi’s speech in the spotlight again: Yahduth fi Masr’s Sherif Amer ran through the most important issues President Abdel Fattah El Sisi discussed during the last day of the forum (more on that in […]