Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
**#6 INVESTMENT WATCH- Rixos plans to double number of hotels rooms in Egypt next year: Dubai-based hotel chain Rixos Hotels plans to expand its business in Egypt by doubling the number of existing hotel rooms over the next year to 4,000 rooms and surpassing 10,000 rooms within the next five years, Al Bawaba reports. Rixos […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Aqarmap closes funding round backed by Wamda, KISP, Raed Ventures
Online real estate marketplace Aqarmap has closed a funding round backed by Wamda Capital, KISP Ventures, and Raed Ventures, according to a statement from Wamda, which offers no details on the size of the raise. The company plans to use the funding to increase its presence in Saudi Arabia and expand into other markets in […]
Posted inSpeed Round
Ruling on El Nasr vs. Emaar dispute coming soon?
Ruling on El Nasr vs. Emaar dispute coming soon? The Cairo Regional Center for International Commercial Arbitration is expected to issue a ruling on state-owned El Nasr Housing and Reconstruction’s dispute with Emaar Misr over land for the latter’s Uptown Cairo project “soon,” sources with knowledge of the matter tell Al Shorouk. The arbitration center […]
Posted inSpeed Round
Shanghai Electric and TIBA Group bidding on USD 600 mn worth of solar projects
INVESTMENT WATCH- China eyes solar power projects. China’s Shanghai Electric and TIBA Group are currently bidding on USD 600 mn-worth of solar power station projects with a combined generating capacity of 600 MW, unnamed ministry sources tell Al Masdar. The companies are reportedly vying to develop the solar power stations — which will be funded […]
Posted inSpeed Round
Enterprise is hiring
** 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 — […]
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 inUp Next
What we’re tracking this week and beyond
Finance Minister Mohamed Maait 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. The president of Italy’s Chamber of Deputies, Roberto Fico, is set to visit Cairo this month, Ahram Online reports. The Egyptian-Sudanese ministerial committee will meet […]
Posted inImage of the Day
Jewish family that left Egypt in the 1950s took their kunafa and baklava to NYC
**#9 A Jewish family that left Egypt decades ago took Mansoura Pastries, their family-run bakery, with them to Brooklyn, where they settled in 1961, Matthew Sedacca writes for the NYT. The Mansoura family, which traces its roots to Egypt and then back to Syria, founded the family business in 18th century Aleppo, then moved to […]
Posted inSpotlight
Managing our foreign debt is now a top priority for the Madbouly cabinet
**#7 Egypt’s foreign debt grew to USD 92.64 bn at the end of FY2017-18, up from USD 88.2 bn at the end of government’s third quarter in March and USD 79.2 bn at the end of June 2017, Prime Minister Mostafa Madbouly tells Al Watan in an interview. Foreign debt levels for the fiscal year […]
Posted inEGYPT IN THE NEWS
UN human rights chief criticizes Egypt’s mass death sentences
UN rights boss slams Egypt: Topping coverage of Egypt in the foreign press is criticism from United Nations human rights chief Michelle Bachelet of the75 death sentences issued in a single trial. She urged an Egyptian court to overturn mass death sentences issued this week, saying they “represent a gross and irreversible miscarriage of justice,” […]