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07-11 October (Sunday-Thursday): Egypt-Romania Business Council to meet in Bucharest. 08-14 October (Monday-Sunday): The IMF and World Bank annual meetings in Bali, Indonesia. 09 October (Tuesday): IMF to release World Economic Outlook report. 09 October ( Tuesday): Monetizing Innovation: How to build a smart fintech business model, The GREEK CAMPUS, Room 109, Cairo. 09-11 October […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 9 October 2018
It’s one of those good-news, bad-news mornings, folks. On the good news side the ledger: One of the year’s most hotly anticipated IPOs is on as top construction and engineering group Hassan Allam Holding announced yesterday its intention to sell shares. That came as Egypt sold treasury bonds at auction yesterday, sign policymakers have the […]
Posted inWhat We're Tracking Today
2018 Nobel Prize in economics awarded to William Nordhaus and Paul Romer
Back to basics, with an eye on global threats: The 2018 Nobel Prize in economics was awarded jointly to Yale’s William Nordhaus and NYU’s Paul Romer. The prize, official called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, marries the work of Nordhaus and Romer and ties them back to the […]
Posted inEnterprise+: Last Night’s Talk Shows
Arrest of Egyptian militant in Libya blankets the airwaves
**# 8 The capture of wanted special forces officer-turned-Daesh terrorist Hisham El Ashmawy in Libya blanketed the airwaves last night, with everyone, from Al Hayah fi Masr (watch, runtime: 1:40) to Hona Al Asema, weighing in on the case. Libyan military spokesperson Ahmed Al Mesmari told Amr Adib on El Hekaya that Ashmawy — who […]
Posted inSpeed Round
Egypt sells T-bonds as Maait kicks off eurobond roadshow in South Korea
** #3 Egypt sells t-bonds despite rise in yields: Egypt sold EGP 1.25 bn worth of five- and 10-year treasury bonds at auction yesterday despite a continued rise in yields, which averaged 18.41% on shorter-term offerings and 18.37% for the longer term, central bank data showed. Egypt had sold EGP 904 mn in T-bonds earlier […]
Posted inSpeed Round
EGX drops to its lowest level in over a year
** #2 EGX drops to its lowest level in over a year: The EGX30 fell 3.6% yesterday to its lowest level in over a year as 29 of the index’s 30 constituents were “dragged down by weakness in emerging markets and margin calls among local investors,” according to Reuters, with shares including Juhayna, Emaar Misr, […]
Posted inSpeed Round
Hassan Allam announces IPO with listing on EGX + GDR program, will use proceeds to grow solar portfolio and acquire specialty engineering outfit
** #4 IPO WATCH- Hassan Allam announces plans to sell 44.3% stake on the EGX, offering to include GDR program: Leading construction and engineering group Hassan Allam announced yesterday its plans to sell 44.3% of the company in an initial public offering that will include both ordinary shares on the EGX and global depository receipts […]
Posted inSpeed Round
Eastern Company stake sale set for 21-25 October
** #5 IPO WATCH- Eastern Company stake sale set for 21-25 October, timing not ideal: The sale of an additional 4.5% stake of cigarette maker Eastern Company on the EGX is scheduled to take place sometime between 21-25 October, Public Enterprises Minister Hisham Tawfik told the press yesterday, Youm7 reports. The government is committed to […]
Posted inSpeed Round
Blackstone launches company to invest in MENA energy opportunities
** #6 Blackstone launches company to invest in MENA energy opportunities: Global private equity giant Blackstone has set up a standalone company, Zarou, through which it will invest in energy opportunities in the Middle East and North Africa, the company announced yesterday. “Zarou will develop, finance, construct and operate energy-related projects in the Middle East […]