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Author Archives: enterpriseam admin
What we’re tracking this week and beyond
The government will announce by mid-November the date of its first auction of ‘unused’ state land, Public Enterprise Minister Hisham Tawfik has said. As many as 10 mn sqm of state-owned land in 10 governorates will be up for sale to developers. The Egypt M&A and Private Equity Forum will take place on Wednesday, 14 […]
Net liabilities, not gross debt levels, are what really matter in emerging economies
Emerging markets’ net liabilities, not gross debt levels, are what really matter. Even though debt levels have surged among emerging markets, fear of a potential borrowing bubble are overblown, Goldman Sachs suggests. Net international investment positions (NIIPs), which take into account a country’s external financial assets and liabilities, are “more often associated with emerging markets […]
Egypt in the news on 7 November 2018
A mishmash of archaeology stories dominates news on Egypt in the international press this morning, including continued interest in the idea that a newly discovered ramp helps explain how the Pyramids of Giza were built. Other examples: The British Museum should return the Rosetta Stone to Egypt and replace it with a virtual reality replica, […]
The rise and rise of “business development companies”
The rise and rise of “business development companies”: In the yield-hungry US investment climate, the private loan is booming, with business development companies (BDCs) seeing substantial growth since they first emerged in the ‘90s. Their assets have more than doubled over the past five year, with some 90 BDCs sitting atop USD 97 bn worth […]
Narcos season 4 is coming this month
We cannot believe we missed it again — Narcos season 4 is coming this month: The long-awaited fourth season of the Netflix hit Narcos is back, with the binge watching extravaganza starting on 16 November. The new season is a reboot set in Mexico at the start of that country’s narcotics war. Not taking anything […]
New NGO act has to strike balance between security needs, growth of civil society
The Madbouly government needs to strike a balance between security and an environment that allows civil society organizations to grow, opinion writer Emad El Din Hussein writes for Al Shorouk. President Abdel Fattah El Sisi has acknowledged the law could change, and the challenge now is to ensure that amendments deliver a bill that can […]
Egypt looking to export USD 1 bn under QIZ program in 2019
The Trade and Industry Ministry is aiming to increase exports under the Qualified Industrial Zones (QIZ) program to USD 1 bn in 2019, head of the ministry’s QIZ unit Ashraf El Rabie told Amwal Al Ghad, adding that the QIZ unit is targeting USD 850 mn in exports by end-2018. Exports to the US under […]
El Sisi discusses Egypt-Sudan,Oman and UAE ties on WYF sidelines:
President Abdel Fattah El Sisi met yesterday with Sudanese President Omar Al Bashir in Sharm El Sheikh on the sidelines of the World Youth Forum, according to an Ittihadiya statement. The two leaders touched on enhancing bilateral relations in fields of electricity and transportation, as well as boosting economic cooperation and trade. The two also […]
SODIC sets up shop in New Cairo
Our friends at SODIC have established a new sales office on Road 90 in East Cairo, according to a company press release (pdf). The company been pushing on eastern expansion of late, launching Eastown Residences earlier this year and planning to launch fully finished homes in Villette this month, alongside its flagship SODIC East.