El Khatib was in China to drum up fresh investments
Author Archives: enterpriseam admin
Al Safy wants to produce batteries + more Xiaomi products locally
The group is eyeing EV and phone battery production
Auto sales record highest figure in almost three years in May
On a yearly basis, total auto sales in May were up 127.7%.
Kima taps new executive managing director + Delta Sugar appoints new non-exec chairman
#1- Egyptian Chemical Industries (Kima) appointed Sameh Talaat (LinkedIn) as its new executive managing director, the company said in a disclosure to the EGX (pdf). Talaat is no stranger to the fertilizer industry, having most recently served as the CEO of Evergrow during his four-year stint at the company. Before this, Talaat spent over 15 […]
Old Rent Law amendments back under the spotlight
The proposed amendments to the Old Rent Law dominated talk show coverage last night, with Kelma Akhira’s Lamees El Hadidi (watch, runtime: 03:58), El Hekaya’s Amr Adib (watch, runtime: 03:34), and Ala Masouleety’s Ahmed Moussa (watch, runtime: 1:30) all weighing in on the issue before the House continues its discussions of the amendments during today’s […]
Reuters highlights our energy vulnerability following Leviathan field shutdown
“Egypt was one of the biggest economic losers of the Middle East’s 12-day war,” reports Reuters in a deep dive contrasting how post-Zohr discovery hopes of becoming a regional energy exporter and our now rising import bill to keep the lights on this summer. The sudden halt in Israeli gas imports that forced emergency reallocations […]
Saudi investor snaps up 12.1% of Raya Holding
PLUS- Egypt is in talks with a Chinese consortium to build the USD 440 mn fourth phase of the new capital’s light rail transit line
USD bns of capital cross the Atlantic as investor confidence in the US wanes
Outflows from US equity funds have doubled YTD, while inflows in Europe hit USD 100 bn