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05 August (Sunday): Egypt’s PMI reading for July released. 05-09 August (Sunday-Thursday): CBE hosts 41st annual meeting of the Association of African central banks, Sharm El Sheikh, Egypt. 16 August (Thursday): CBE’s Monetary Policy Committee meeting. 21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday. 28-29 August (Tuesday-Wednesday): CI Capital’s 5th Annual Egypt Equities Conference, […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 31 July 2018
It’s interest rate week in a number of major economies: The Bank of Japan signaled yesterday it will maintain “extremely low” interest rates for an extended period, continuing its crisis-era stimulus out of step with other major economies. The US Federal Reserve meets on rates today (it’s expected to leave rates on hold, but the […]
Posted inEnterprise+: Last Night’s Talk Shows
Talking heads focus on rice imports strategy, adding new commodity subsidy recipients
The Supply Ministry’s rice imports strategy and the addition of new commodity subsidy recipients were the most widely discussed topics on the airwaves last night. The most noteworthy segment, however, was Hona Al Asema’s interview with UKTrade Envoy Sir Jeffrey Donaldson. New UK investments coming: British investors are keen to expand their involvement in the […]
Posted inSpeed Round
FinMin to impose a real estate tax on oil and gas developments
EXCLUSIVE- FinMin to impose a real estate tax on oil and gas developments: The Finance Ministry is planning to impose a real estate tax on oil and gas assets, according to documents seen by Enterprise. The move appears to have been in the works for some time and according to the documents, the Finance Ministry, […]
Posted inSpeed Round
Hassan Allam could IPO by 4Q2018, debunks news on size of offering and valuation
IPO WATCH- Hassan Allam could IPO by 4Q2018, debunks news on size of offering and valuation: Hassan Allam Holding, one of the region’s leading contractors, has yet to decide on the size of the an initial public offering of its shares, a senior company executive told Enterprise yesterday, saying figures published by Al Mal on […]
Posted inSpeed Round
Holding Co for Construction and Development approves 32.25% stake sale in HHD
Holding Co for Construction and Development approves 32.25% stake sale in HHD: The general assembly of the Holding Company for Construction and Development has approved the sale of a 32.25% stake in subsidiary Heliopolis Housing and Development (HHD) on the EGX as part of the state privatization program, according to a statement from the Public […]
Posted inSpeed Round
Egypt, Saudi Arabia, UAE, and Oman top investment destination for MAF Group, CEO says
INVESTMENT WATCH- Egypt, Saudi Arabia, UAE, and Oman are currently the top investment destinations for the Majid Al Futtaim (MAF) Group as it continues to pursue expansion plans in the region, CEO Alain Bejjani tells Bloomberg in an interview (watch, runtime: 5:42 or read here). The company’s regional expansion plans is focused on high-demand market […]
Posted inSpeed Round
Edge Holding plans to pump EGP 25 bn into Egypt real estate projects
INVESTMENT WATCH- Egyptian-Saudi JV Edge Holding is planning to invest EGP 25 bn in Egypt over the next three years, Vice Chairman for Commercial Nader Badr tells Mubasher in an interview. The company is looking to develop the projects at the new administrative capital, New Alamein, and Ain Sokhna, he said. Edge Holding was established […]
Posted inSpeed Round
Credit Agricole Egypt reports 15.91% y-o-y hike in net profit in1H2018
EARNINGS WATCH- Credit Agricole Egypt reported a 15.91% y-o-y increase in net profit after tax to EGP 1.1 bn in 1H2018, compared to EGP 941.7 mn in the same period last year, according to a filing to the EGX (pdf).