Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
10-13 September (Monday-Thursday): EFG Hermes’ 8th Annual London Conference, Emirates Arsenal Stadium, London. 16 September (Sunday): Creative Industry Summit 2018, Four Seasons Nile Plaza, Cairo. 17-19 September (Monday-Wednesday): INTERCEM Cairo to Cape Town cement industry conference, Dusit-Thani LakeView, Cairo. 18-21 September (Tuesday-Friday): The Big 5 Construct Egypt, Egypt International Exhibition Center, Cairo, Egypt. 18 September […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 10 September 2018
Enjoy your mid-week break. Tomorrow is officially off: The stock exchange and the central bank have announced they will close tomorrow in observance of Islamic new year after a Labor Ministry statement noting it would be a national holiday. Happy first day of 1440, y’all, and see you back here in your inboxes on Wednesday. […]
Posted inWhat We're Tracking Today
We’re going to have to keep interest rates high as competition mounts for hot money
**#3 High interest rates are the price we will have to pay to stay competitive to the carry trade. Emerging markets are in their first “sustained” rate-hike cycle since 2011. Rates are rising in EM from Turkey and Argentina to India, Indonesia, the Philippines and the Czech Republic, and the upshot is that we’re going […]
Posted inWhat We're Tracking Today
More of What We’re Tracking Today for 10 September 2018
Another day, another Abraaj takedown: Yesterday, it was the FT’s turn to publish a long take on the rise and fall of Abraaj and its founder Arif Naqvi. What we found interesting in this one is just how much of the firm’s recent misfortune hinged on the USD 1.8 bn sale of a majority stake […]
Posted inEnterprise+: Last Night’s Talk Shows
Amr Adib kicks-off new show “El Hekaya” on MBC
**#8 Lamees’ lesser half will be back on the air this month: Amr Adib will return to the airwaves this month with his new show “El Hekaya” on MBC network, according to Al Shorouk. The program is reportedly kicking off mid-month and will run Saturday-Monday every week, according to Youm7. Ragaa El Gedawi, Saad El […]
Posted inSpeed Round
HSBC wins mandate for AMOC stake sale
**#1 EXCLUSIVE- HSBC has won the mandate to lead the sell-down of the state’s stake in the Alexandria Mineral Oils Co. (AMOC), an insider close to the transaction tells us. AMOC is in line to sell shares representing as much as 30% of the company’s equity on the EGX this year as part of the […]
Posted inSpeed Round
Social media ad tax study to be complete this month
**#4 EXCLUSIVE- FinMin to complete study on taxing social media ads this month: The Finance Ministry is set to complete a study on how to tax social media advertising this month, a ministry source told Enterprise. The taxation framework will likely include provisions demanding that ad agencies and social media companies pay a 14% VAT […]
Posted inSpeed Round
CBE issues new banking regulations on companies selling consumer goods on installment payments
CBE issues directive on installment payment plans for consumer goods: The central bank has issued a new directive to banks concerning companies that sell consumer goods on installments, such as appliances and automobiles. The new regulations stipulate that all the transactions be in EGP. Banks are also required to ensure that the installments charged to […]
Posted inSpeed Round
Carbon Holdings says it could start construction on TPC in 1Q2019
**#5 Carbon Holdings says it could start construction on TPC in 1Q2019: Carbon Holdings expects to break ground on the first phase of its Tahrir Petrochemicals Complex (TPC) early in 2019 after it reaches financial close on the USD 10.9 bn project late this year, Managing Director of Corporate Finance and Investor Relations Karim Helal […]