The House of Representatives will be breaking for summer at the end of next week, Rep. Mostafa Bakry confirmed to Youm7 yesterday. The House has been rushing to complete discussions on the Madbouly Cabinet’s policy program after House Speaker Ali Abdel Aal warned Reps. that the term could be extended to August if they’re unable […]
Author Archives: enterpriseam admin
Talking heads served up a mixed bag of nuts
It was a mixed bag on the airwaves last night, with the talking heads covering everything from the latest and greatest from the House of Representatives to new updates on ration cards. Topping the economic programing was our friend CIB Chairman Hisham Ezz Al Arab’s sit-down with Masaa DMC’s Osama Kamal. Ezz Al Arab discussed […]
Gov’t names five companies to pilot privatization program
Gov’t names five companies to pilot privatization program: The Madbouly Cabinet announced the five state companies that will pilot the state privatization program on Tuesday. Alexandria Mineral Oils Company (AMOC), Eastern Tobacco, Alexandria Container and Cargo Handling, Abou Kir Fertilizers, and Heliopolis Housing will lead the program, according to a cabinet statement. As all the […]
Emaar wants to double Egypt investments to EGP 100 bn over the next five years -Alabbar
INVESTMENT WATCH- Emaar wants to double Egypt investments to EGP 100 bn over the next five years: UAE-based real estate developer Emaar is looking to double its investments in Egypt to EGP 100 bn over the next five years, Founder and Chairman Mohamed Alabbar tells Al Mal in an interview. The company, which spends an […]
Egypt is on the map for Investec
Egypt is on the map for Investec Asset Management now that the firm “ is ready to get back into the market after reducing risks at the start of the year,” according to Bloomberg. The firm, which manages some USD 36 bn in EM fixed-income assets, sees that Egypt’s assets are attractive thanks to its […]
Middle East M&A values up 62% in 1H2018, surpassing global average
Middle East M&A values up 62% in 1H2018, surpassing global average: M&A transaction values in the Middle East rose 62% y-o-y in 1H2018 to USD 25.4 bn, up from USD 15.7 bn in 1H2017, according to a report from Baker Mckenzie. 65% of all Middle East M&A activity was cross border activity in 1H2018, while […]
Non-oil exports grow 14% y-o-y in 1H2018
Egypt’s non-oil exports grew by 14% y-o-y in 1H2018 to USD 12.75 bn, compared to USD 11.22 bn in the same period last year, the Trade and Industry Ministry said in a statement. Our biggest export market was the UAE (USD 1.33 bn), followed by Turkey (USD 1.13 bn), and Italy (USD 773 mn). Chemical […]
FRA completes Capital Markets Act regs, to make life insurance mandatory for SME financing
LEGISLATION WATCH- FRA completes Capital Markets Act regs allowing sukuks, margin trading, futures market, green bonds: The Financial Regulatory Authority (FRA) completed yesterday the final amendments on the executive regulations for the new Capital Markets Act, which include provisions that govern the issuing of green bonds, sukuk, margin trading, and futures exchanges, FRA boss Mohamed […]
House signs off on a number of international agreements
House signs off on a number of international agreements, including USD 500 mn from World Bank: The House of Representatives signed off yesterday on a number of international agreements, including a USD 500 mn loan from the World Bank aimed at supporting the state’s K-12 educational reform strategy, according to Amwal Al Ghad. The House […]