Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Raya Holding Company is planning to open up a EGP 25 mn data center in Six October City in 3Q2018 as part of its domestic expansion plans, Data Center Operations boss Mohamed Saad tells Amwal Al Ghad.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Media Public Freezone, Media Production City sign sign MoU with UAE media hub AMCFZ
The UAE’s Ajman Media City Freezone (AMCFZ) signed agreements with Egypt’s Media Public Free Zone and Media Production City, which will see the AMCFZ “identify value propositions, projects and events that can be localised for the UAE market and be brought to Ajman,” according to Arabian Business. The AMCFZ, which is set to become a […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.84 | Sell 17.94 EGP / USD at CIB: Buy 17.84 | Sell 17.94 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 15,656 (-1.2%) Turnover: EGP 778 mn (19% below the 90-day average) EGX 30 year-to-date: +4.2% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
23 July (Monday): Revolution Day, national holiday. 26-28 July (Thursday-Saturday): Green Banking: The Road to Sustainable Development, Baron Palace, Sahl Hasheesh, Hurghada. 05 August (Sunday): Egypt’s PMI reading for July released. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 July 2018
It’s a relatively slow news morning in Cairo between the combination of the World Cup final and the lure of summer vacation season in Sahel and abroad. MPs may not get much of a summer break: The House of Representatives’ legislative season, originally set to wrap before the end of July, could extend into August, […]
Posted inEnterprise+: Last Night’s Talk Shows
An eventful day at parliament made for a legislation-heavy night on the airwaves
An eventful day at the House of Representatives made for a legislation-heavy night on the airwaves, with part two of the Press and Media Act garnering the most attention. Among the few exceptions to the rule was IMF Mission Chief for Egypt Subir Lall’s praise of Egypt’s economic reforms on Yahduth fi Masr. Lall repeated […]
Posted inSpeed Round
Big tobacco withholding CAPEX over new sin tax?
EXCLUSIVE- Is Big Tobacco mounting a power play after imposition of new sin tax? Tobacco companies are not happy with new sin tax, and execs at three of them are suggesting a new EGP 0.75 per pack sin tax to fund the universal healthcare system could prompt them to hold off fresh investment in Egypt. […]
Posted inSpeed Round
Actis looks to buy Abraaj Group’s 95% stake in Nahda University
M&A WATCH- Global private equity firm Actis is reportedly in early talks to acquire Abraaj Group’s 95% stake in Nahda University, sources close to the matter tell Al Mal. The transaction would not be finalized until after Abraaj completes its court ordered restructuring and liquidation, as decision-making at the UAE-headquartered firm is on hold until […]
Posted inSpeed Round
Playing cat and mouse with the carry traders
Playing cat and mouse with the carry traders: Yields on three- and nine-month T-bills fell at an auction on Sunday after a month-long advance, Reuters reports. the yield on three-month treasuries fell to 19.364% from 19.69% a the last auction, while the yield on nine-month bills dropped to 19.422% from 19.68%. Rates had peaked last […]