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IPO WATCH- BPE Partners could be offering shares of real estate subsidiary Al Ismaelia on the EGX in 2020, founding partner and Managing Director Alaa Sabaa said. Al Ismaelia is carving out a niche for itself as the “Solidere” (the company, not the district) of Downtown Caio, where it is leading an urban renewal drive. […]
Author Archives: enterpriseam admin
Posted inSpeed Round
French companies announce new capital investments in Egypt
INVESTMENT WATCH - French companies including Air Liquide and L'Oréal are looking expand their investments in Egypt, according to a an Investment Ministry statement. Air Liquide will invest as much as EGP 2 bn in the coming three years and L’Oreal has allocated some EUR 50 mn to build a Cairo-based facility that it hopes […]
Posted inSpeed Round
Housing Ministry, NUCA committee to draft new legislation to govern real estate investment
LEGISLATION WATCH- Housing Ministry, NUCA committee to draft new legislation to govern real estate investment: Prime Minister Mostafa Madbouly established a new committee on Thursday tasked with drafting legislation regulating investment in real estate, according to a statement carried by Al Mal. The move aims to remedy the absence of a clear legal framework to […]
Posted inSpeed Round
Russia institutes tougher checks on outbound wheat
Russia institutes tougher checks on outbound wheat: Russian watchdog Rosselkhoznadzor said on Friday that it would institute new and tougher checks on wheat exports after a rise in complaints in the past three months from its major grain buyers including Egypt, Vietnam, and Indonesia, Reuters reports. Rosselkhoznadzor said checks of 5-10 days were needed for […]
Posted inSpeed Round
Ashraf Halim leaves post as deputy CEO of Orange Egypt
MOVES- Ashraf Halim has stepped down as deputy CEO of Orange Egypt, he told Youm7. Halim was appointed as deputy CEO in July 2017 and was from 2011 the company’s chief commercial officer.
Posted inSpeed Round
RMB says Egypt is Africa’s top investment destination based on GDP and consumer market size
Egypt is Africa’s top investment destination, according to Rand Merchant Bank’s (RMB) latest edition of Where to Invest in Africa. According to the research, Egypt boasts the continent’s highest GDP and consumer market, followed by South Africa, Morocco, Ethiopia, and Kenya. That said, the research also finds that “efficient infrastructure is essential to uncovering opportunities […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
The Emmys are tomorrow. The entertainment nerds among us are excited. Finance Minister Mohamed Maait will be at AmCham on Tuesday, 18 September for a lunch. The minister will speak about “Egypt’s financial reform agenda.” Members and their guests can register here. **#7 El Sisi in New York: President Abdel Fattah El Sisi will be […]
Posted inImage of the Day
Egyptian photographer on NYT’s list 12 emerging photographers you should know
Egyptian photographer on NYT list: Egyptian photographer Hadeer Mahmoud made it onto the New York Time’s list of 12 up and coming photographers to watch. Mahmoud was recognized for her project “Love, Loss and Longing,” which focuses on the stories of three women whose partners have been detained. “My goal was to show the injustice […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 16 September 2018
Driving the conversation on Egypt this morning: The arrest of Gamal and Alaa Mubarak in the ongoing (neverending) Al Watany Bank case. As we note in Speed Round, above, former EFG Hemes bosses Hassan Heikal and Yasser El Mallawany were also reportedly arrested yesterday and ordered detained until the next hearing in the case, presently […]