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IPO WATCH- Ebtikar planning EGX debut in two years: Ebtikar, the SME finance outfit owned by B Investments and MM Group, could list shares on the EGX in two years’ time, Investors Relations Head Omar El Labban tells Al Mal. The company is also in the process of applying for a EGP 100 mn capital […]
Author Archives: enterpriseam admin
Posted inSpeed Round
EFG Hermes lands bookrunner duties for ASA International IPO
EFG Hermes lands first frontier markets IPO: ASA International, which bills itself as “of the world’s largest and most profitable international microfinance institutions” has announced its intention to proceed with an initial public offering on the London Stock Exchange. The group, which claims a 12-country footprint spanning Africa and Asia, expects its shares to be […]
Posted inSpeed Round
CIB, Elsewedy Electric, Orascom Construction, GTH honored among top Arab listed companies
CIB, Elsewedy Electric, Orascom Construction among top 100 listed companies in Arab world: Our friends at CIB, Elsewedy Electric, Orascom Construction as well as Global Telecom Holding were the only four Egyptian companies to get a nod in Forbes’ list of the top 100 listed companies in the Arab world for 2018. Based on the […]
Posted inSpeed Round
IBM Egypt appoints Wael Abdoush as Country GM
MOVES- IBM announced the appointment of Wael Abdoush as Country General Manager to IBM Egypt, Al Mal reports. Abdoush, who was the director of server solution sales team for the Middle East and Africa at the company, succeeds Amr Talaat who now heads the ICT Ministry.
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inImage of the Day
Water levels in Egypt’s freshwater Pharaonic Sea have been shrinking for decades
Water levels in Egypt’s freshwater “Pharaonic Sea” have been steadily falling over the past several decades, worrying fishermen who rely on the sea for their work, says Phys.Org. “The thin 10,000-square kilometer stretch of water just north of the capital was once part of the Nile River, but shriveling shorelines have left its separated from […]
Posted inEGYPT IN THE NEWS
Egypt in the World Cup: Week 1 overview
Fuel subsidy cuts and a new cabinet took a back row seat to the World Cup in the foreign press’ coverage of Egypt. Between the rising cost of electricity and petrol, Egyptians are desperately counting on some reprieve during the World Cup, according to the Associated Press. Egypt’s 1-0 defeat at the hands of Uruguay […]
Posted inOn Deadline
Columnists seem to approve of the new Madbouly Cabinet
Columnists seem to approve of the new Madbouly Cabinet: The large number of new ministers who had previously served as deputies in their respective ministries is reassuring, since they have a solid background on how everything is run and will therefore be able to hit the ground running from day one, Soliman Gouda writes for […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.81 | Sell 17.91 EGP / USD at CIB: Buy 17.78 | Sell 17.88 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Thursday): 16,221 (+0.3%) Turnover: EGP 1.0 bn (91% BELOW the 90-day average) EGX 30 year-to-date: +8.0% THE MARKET ON THURSDAY: The Egyptian benchmark […]
Posted inCALENDAR
19 June (Tuesday): Egypt plays against Russia at 2018 World Cup, St. Petersburg, Russia. 25 June (Monday): Egypt plays against Saudi Arabia at 2018 World Cup, Volgograd, Russia. 28 June (Thursday): CBE’s Monetary Policy Committee meeting. 1 July (Sunday): Application deadline for the DigitalAG4Egypt Challenge. 23 July (Monday): Revolution Day, national holiday. 16 August (Thursday): […]