Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Sir Geoffrey Adams has been appointed as the UK’s new ambassador to Egypt, the British foreign office said yesterday. Adams was previously stationed in Cairo in 1998 as the head of mission, and also acted as the Foreign & Commonwealth Office’s director for the Middle East and North Africa. Masaa DMC’s Osama Kamal took the […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Has Lamees Al Hadidi been fired?
**#8 PSA- We are taking a break from our daily talk shows coverage next week to give our ears the chance to heal. We will resume our regular roundup of the airwaves on Sunday, 16 September. (And, yes, we’ll keep one eyeball on the TV set each night in the event something big were to […]
Posted inSpeed Round
EGP could lose up to 10% of its value against the USD by 2020
**#1 Is the central bank propping-up the EGP amid the ongoing emerging markets selloff? Capital Economics suggests in a report out yesterday that the central bank has “intervened to support the EGP in recent months.” The report points as evidence to the stability of the EGP throughout the emerging markets sell-off when compared to other […]
Posted inSpeed Round
Preliminary data shows FX reserves rising to USD 44.42 bn at the end of August
Net FX reserves up: Preliminary data shows Egypt’s net foreign currency reserves climbing to USD 44.42 bn at the end of August, up from USD 44.3 bn at the end of July, the central bank announced yesterday.
Posted inSpeed Round
External shocks have hindered Egypt’s economic growth, says Maait
**#2 Egypt’s economy would have grown much faster had it not been for external shocks including high oil prices, rising rates in the US, and a strengthening USD, Finance Minister Mohamed Maait tells CNBC in an interview (watch, runtime: 3:35). “We are able to absorb some of the shocks. Others have more of a negative […]
Posted inSpeed Round
As the El Sisi administration maneuvers to curb debt, state-owned banks pile up new loans
**#3 As the El Sisi administration maneuvers to reduce debt, state-owned banks pile up new foreign-currency loans loans: The National Bank of Egypt (NBE) has signed a USD 600 mn loan agreement with the China Development Bank to “finance the working capital of NBE customers,” the bank said on Wednesday,according to Reuters. The facility is […]
Posted inSpeed Round
PM orders ministers to prepare for bad weather as winter approaches
CABINET WATCH- Until it signs off on a debt control strategy, the Cabinet will make hay with new loans while the sun shine. Ministers approved a number of other decisions,including financing agreements with international lenders such as the European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB). Those include: Approving a EUR […]
Posted inSpeed Round
Egypt taking steps to resolve UGS dispute over Damietta supply interruptions
Egypt is taking steps to settle the USD 2 bn it has been ordered to pay Spanish-Italian JV Union Fenosa Gas (UGS) over gas supply interruptions at the Damietta liquefaction plant, the Oil Ministry said in a statement picked up by Reuters. (The Oil Ministry’s website was down at dispatch time.) Details on what the […]
Posted inSpeed Round
Carbon Holdings to sell 30% stake in 2Q2019 IPO
**#4 IPO WATCH- Carbon Holdings to sell 30% stake in 2Q2019 IPO: Carbon Holdings plans to sell a 30% stake in an IPO next year, Managing Director of Corporate Finance and Investor Relations Karim Helal said. The company also appears to have narrowed the date of the IPO to 2Q2019, according to Helal. The offering […]