Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Egypt received the third and final USD 500 mn tranche of a USD 1.5 bn African Development Bank loan on Thursday, according to an Investment Ministry statement (pdf). Authorities will use the funds to finance development projects and provide services to citizens in under-developed regions, Minister Sahar Nasr said. The bank is expected to dole […]
Author Archives: enterpriseam admin
Posted inSpeed Round
CBE looks to introduce nano credit
CBE looks to introduce nano credit: The central bank is looking at introducing nano lending — providing mobile-based cash loans — as part of the third phase of its mobile banking strategy, CBE Sub-Governor for Payment Systems and Business Technology Ayman Hussein said on Thursday,according to Al Mal. The new nano credit system will also […]
Posted inSpeed Round
220 people want to run our SWF; exec regs should be in front of PM by mid-October
220 people want to run our SWF: Egypt has received some 220 applications from potential managers for its new EGP 200 bn sovereign wealth fund, according to Planning Minister Hala El Said. The applicant pool for the CEO post is a mix of local and global talent, a source close to the search tells us. […]
Posted inSpeed Round
CEO Ayman Kandeel takes over at A__XA Health Insurance
MOVES- AXA Egypt Health Insurance has tapped Ayman Kandeel as CEO, effective tomorrow, says Amwal Al Ghad. Kandeel moved over from sister firm AXA Egypt Investments.
Posted inSpeed Round
CORRECTION- We garbled an S&P statement on the revision of its outlook on NBE and Banque Misr. We had said that the ratings agency revised it to ‘positive’ from ‘stable,’ when it was the other way around: From ‘stable’ to ‘positive.’ The story has since been corrected on our website. We regret the error.
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 inTHE MACRO PICTURE
There’s something rotten in the state of global trade, says UNCTAD
There’s something rotten in the state of global trade, says UNCTAD: The United Nations Conference on Trade and Development (UNCTAD) has issued a grim warning on what the state of global trade, corporate power and debt mean for emerging market economies. The current system of multilateral and hyperglobalized trade is making the world less equal […]
Posted inImage of the Day
Is Egypt’s calligraphy scene seeing a resurgence?
Is Egypt’s calligraphy scene seeing a resurgence? It would appear so, when looking at some of the modern uses of the ancient art form, Nick Leech writes for the National. Cairo’s urban landscape and art scene appear to be providing the fuel for this resurgence, according to Khatt: Egypt’s Calligraphic Landscape, a new book by […]
Posted inEGYPT IN THE NEWS
Egypt’s rights and freedoms take another beating in the foreign press
Egypt’s rights and freedoms records took yet another beating in the foreign press over the weekend, with the case of Amal Fathy — an activist who was penalized after posting a video on social media speaking against [redacted] harassment — at center stage. Amnesty International called on authorities to “immediately and unconditionally release Fathy,” who […]
Posted inWorth watching
New film about gay men in the Middle East to debut in secret screening
New film about gay men in the Middle East to debut in secret screening: Egyptian filmmaker Sam Abbas attempts to portray the “reality” of gay men living in the Middle East in his new movie ‘The Wedding.’ The film, whose events center around the story of a secretly gay man as he prepares to marry […]