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Dolphinus Holdings could start importing natural gas from Israel as early as 1Q2019, sources with knowledge of the matter told Reuters yesterday. “Imports will start in small quantities first and will gradually increase to reach their climax in September 2019,” they add, without providing detail on the specific quantities or prices. Dolphinus has been waiting […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Saudi’s Atraba says it wants to invest USD 1 bn in Egypt medical city
INVESTMENT WATCH- Saudi’s Atraba says it wants to invest USD 1 bn in Egypt medical city: Saudi Arabia’s Atraba Integrated Holding is mulling an investment of as much as USD 1 bn to build a new medical city in Egypt, Chairman Fawaz Bashraheel tells Amwal Al Ghad in an interview. The company is looking to […]
Posted inSpeed Round
Unionaire Group pushes planned IPO to end-2019
IPO WATCH- Unionaire Group pushes planned IPO to end-2019: It looks like Unionaire Group has once again decided to postpone its planned EGX debut to the end of 2019, from 1Q2019, owner and Chairman Mohamed Fathy tells Amwal Al Ghad in an interview. The group is also considering a dual listing on an international bourse, […]
Posted inSpeed Round
Galina-Agrofreeze looks towards EGX listing as it seeks to leave Nilex
IPO WATCH- Galina-Agrofreeze looks to spin off and list its frozen fruit and veggies business on the EGX: Galina-Agrofreeze Fruits & Vegetables is looking to spin off its frozen fruit and vegetables processing business from its fruit concentrates unit, with plans to list the former on the EGX in the next two months, Chairman Abdel […]
Posted inSpeed Round
NIB considers partial sale of takes in five state-owned banks
NIB considers partial sale of stakes in five state-owned banks: Egypt’s state-owned National Investment Bank (NIB) is considering partially exiting its stake in five banks either through an offering on the EGX or a direct sale to an investor, managing director Mahmoud Montasser tells Al Masdar. The bank is looking to sell some of its […]
Posted inSpeed Round
NBK-Egypt reports 36% y-o-y increase in net profits to EGP 988.8 mn
EARNINGS WATCH- The National Bank of Kuwait-Egypt reported a 36% y-o-y increase in 1H2018 net profit to EGP 988.8 mn, up from EGP 726.7 mn in the same period last year, according to an EGX filing (pdf).
Posted inSpeed Round
Saudi recalls ambassador to Canada, suspends future investments
Saudi recalls ambassador to Canada and suspends future investments: Saudi Arabia has recalled its ambassador to Canada and given Canada’s ambassador to Riyadh 24 hours to leave, according to a statement from the Saudi Foreign Ministry. The kingdom will also suspend new trade and investment with Canada. The move was taken after Canada's Foreign Ministry […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
The Federation of Egyptian Industries is expected to present its remarks on the new draft of the Customs Act this week to the Finance Ministry after it laid out its recommendations and reservations last week. The central bank will next consider interest rates on Thursday, 16 August. Orange Egypt’s board of directors is meeting on […]
Posted inEGYPT IN THE NEWS
Italian Foreign Minister Enzo Milanesi visits Egypt for first time since 2015
Italian Foreign Minister Enzo Moavero Milanesi met with Foreign Minister Sameh Shoukry in Cairo yesterday to discuss ways to boost cooperation across the board, according to a Foreign Ministry statement. Milanesi also met with President Abdel Fattah El Sisi for similar talks, Ittihadiya said yesterday. The visit is the first from a high-ranking Italian official […]