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Look for Egypt to emerge from its August news coma this week. Fall conference season will nudge things in that direction: Euromoney’s Egypt event starts tomorrow, and we have a week to go before the EFG Hermes London conference, the fall’s premier gathering of investors focusing on opportunities in frontier and emerging markets. The EFG […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Environment makes laughable defense of Cairo’s air pollution record
The talking heads jawed about everything from pollution to China and Mo Salah last night.And we’re still puzzled as to when Lamees Al Hadidi will be returning to the airwaves. Env’t ministry fuming over “most-polluted city in the world” designation: The Environment Ministry is fuming (no pun intended) about a recent study by a UK […]
Posted inSpeed Round
Gov’t giving oil majors friendlier terms in production sharing contracts
Gov’t giving oil majors friendlier terms in production sharing contracts: The Oil Ministry is looking to keep international oil companies happy, having recently rolled out new production sharing contracts with some IOCs that leave the companies larger shares of profits from concessions in a bid to cut the time it takes for the companies to […]
Posted inSpeed Round
Egypt to restore exports of gas to Jordan to pre-2009 levels
And while we’re on energy, Egypt plans to ramp up gas exports to Jordan to their pre-2009 levels, an Oil Ministry official tells Al Masdar. Egypt and Jordan plan to sign a new export agreement before the year is out that would see Egypt export around 250 mcf/d of gas that the kingdom would use […]
Posted inSpeed Round
Holiday-gate intensifies in UK tabloids
Holiday-gate intensified on Sunday in the UK tabloids, with new reports that a British mother died in Hurghada when a banana boat in which she was riding flipped over. The incident allegedly took place last week and came a week after tourists John and Susan Cooper died suddenly at the five-star Steigenberger Aqua Magic hotel. […]
Posted inSpeed Round
Industry association pushing protectionist “buy Egyptian” clause in gov’t contracts
Industry association pushing protectionist “buy Egyptian” clause in gov’t contracts: The Federation of Egypt Industries has renewed calls to the government to enforce a 2015 law that would grant Egyptian goods and services preference in government contracts and tenders. The demand is part of a series of recommendations the lobby group presented to the Madbouly […]
Posted inSpeed Round
Bourse greenlights CIRA IPO
IPO WATCH- Bourse greenlights CIRA IPO: The EGX board signed off yesterday on plans by leading education provider Cairo Investment and Real Estate Development’s (CIRA) to go public. The company will be added to the bourse’s database as of 4 September. Sources had previously said that CIRA was kicking off its international roadshow this week […]
Posted inSpeed Round
NI Capital to announce managers for Eastern Co, AMOC stake sales in October
NI Capital to announce in October who’s running Eastern Co, AMOC stake sales: State-owned investment bank NI Capital will reportedly select in October the manager for the sale of additional stakes from Eastern Company and Alexandria Minerals and Oils Company (AMOC) on the EGX, sources close to the matter told Amwal Al Ghad. The deadline […]
Posted inSpeed Round
Etisalat Egypt to increase network upgrade investments to EGP 3.5 bn from EGP 2.5 bn
INVESTMENT WATCH- Etisalat Egypt to invest an extra EGP 1 bn in network upgrade upgrades: Etisalat Egypt is investing EGP 3.5 bn in network infrastructure upgrades this year, o about EGP 1 bn more than originally forecast to keep pace with demand for mobile data services, Chief Corporate Affairs Officer Khaled Hegazy tells Al Mal. […]