Author Archives: enterpriseam admin

M&A WATCH- Ethydco, SIDPEC among three state-owned companies looking to buy out chemicals company CCI: The Egyptian Ethylene and Derivatives Company (Ethydco) is expected to acquire 60% of Solvay Alexandria Sodium Carbonate (CCI) as part of a takeover plan for three state-owned companies to buy 100% of CCI, unnamed government sources said. Sidi Kerir Petrochemicals […]

Yields eased as Egypt sold EGP 1.25 bn worth of treasury bonds yesterday, central bank data showed. Yields on both three- and seven-year T-bonds averaged 18.3%. Last week, Egypt had sold five- and ten-year bonds at yields averaging 18.41% on shorter-term offerings and 18.37% on the longer term. Yields on domestic debt have been nearing […]

** #6 El Sisi kicks off Russia visit: President Abdel Fattah El Sisi met yesterday the chairman of the Eurasian Economic Union (EAEU), Tigran Sargsyan, to discuss a potential trade agreement between Egypt and the EAEU, Ittihadiya said. The sit-down kicked off El Sisi’s trip to Moscow, where he is expected to meet with President […]

Nasr meets with international lenders to talk financing Sinai development plans: Investment and International Cooperation Minister Sahar Nasr met yesterday with representatives from several international financing and development institutions to look into locking down funding for Egypt’s planned development of the Sinai peninsula, according to a ministry statement (pdf). Among those attending the meeting were […]

Egypt and Tatarstan agreed yesterday to form a joint business council to boost trade between the two countries, Egypt’s Trade and Industry Ministry said in a statement yesterday. The announcement came after Trade Minister Amr Nassar met with Tatarstan President Rustam Minnikhanov, who is currently in Cairo.

Mercedes-Benz is sitting as the world’s top premium automobile brand after being ranked eighth in US brand consulting company Interbrand’s ranking of “Best Global Brands” for 2018, according to an emailed statement (pdf). Mercedes remains the only European automobile brand featured among the ranking’s top ten. “The strengths of the Mercedes-Benz brand lie in its […]

CORRECTION- The New and Renewable Energy Authority reached out to us to correct a few details that Al Mal got wrong last weekwhen it reported that a consortium made-up of Elsewedy Electric and UAE’s Masdar reached an agreement with the Electricity Ministry to build a wind farm in the Gulf of Suez. First, Elsewedy isn’t […]

** WE’RE HIRING: We’re looking for smart, talented, and seasoned journalists and editors to join our team at Enterprise, which produces the newsletter you’re reading right now. We’re looking for people who can work on this product and help us launch exciting new stuff. Applicants should have serious English-language writing chops, a strong interest — […]