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INVESTMENT WATCH- UAE-based hospital operator NMC Healthcare is eyeing growth in Egypt, which it sees as “a very interesting and fundamentally strong market,” the National reports. NMC, which is poised to become the second-biggest non-state healthcare provider in Saudi Arabia, says it needs to study Egypt further before pressing ahead with any expansion plans in […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Military to build USD 2 bn solar panel manufacturing facility with Chinese partner
INVESTMENT WATCH- Military to build USD 2 bn solar panel manufacturing facility with Chinese partner: The Military Production Ministry is planning to sign a contract to build a USD 2 bn integrated solar panel factory in partnership with China’s Golden Concord Group (GCL) in two months’ time, according to minister Mohamed El Assar. Funding for […]
Posted inSpeed Round
Heliopolis Housing plans to sell additional shares on the EGX by year’s end
IPO WATCH- State-owned Heliopolis Housing plans to sell additional shares on the EGX by year’s end, Al Mal reports. The company is in the market for advisors on the offering now and, as a result, has yet to decide on the size or timing of the offering. Heliopolis’ general assembly has set a 31 August […]
Posted inSpeed Round
GASC amends wheat terms to get back in on the good graces of global wheat traders
GASC amends wheat terms to get back in the good graces of global wheat traders: The General Authority for Supply Commodities (GASC) amended the terms of its global wheat import tenders ahead of Tuesday’s international wheat tender, Reuters Arabic reports. GASC reportedly reduced the cost of sieving to USD 2 per tonne from USD 3. […]
Posted inSpeed Round
FRA wants to make life insurance compulsory for recipients of subsidized financing for SMEs
FRA wants to make life insurance compulsory for recipients of subsidized financing for SMEs: It appears that the Financial Regulatory Authority (FRA) wants to impose mandatory life insurance coverage on all beneficiaries of SME loans, holding a workshop with NGOs and SME finance organizations to discuss the measure on Tuesday, Al Mal reports. The stated […]
Posted inSpeed Round
Funds investing in vocational training could see tax exemptions under the SMEs Act
Also on the SME front, the proposed SMEs Act could grant tax exemptions to funds investing in vocational training ventures, Vice Minister of Finance Mohamed Maait reportedly said. The funds would have to be established specifically to meet that goal, he added. The SMEs Act, which is currently being drafted by the Finance Ministry, is […]
Posted inSpeed Round
Tarek Heiba appointed as Dell-EMC Egypt’s GM
MOVES- Dell EMC appointed Tarek Heiba as its General Manager in Egypt, according to Mohammed Amin, the company’s senior VP and regional manager for Turkey, Eastern Europe, Africa and. The Middle East. Heiba will take up the new position next month, Amin said. Heiba previously served as regional director for MEA at Dell EMC.
Posted inSpeed Round
GEMS delays IPO as UAE authorities freeze hikes in private school fees
GEMS delays planned London Stock Exchange IPO as UAE authorities freeze hikes in private school fees: Dubai-based GEMS Education, one of the largest education providers in in emerging markets with 47 schools and nurseries in the GCC, appears to have parked plans for an IPO after the UAE government unexpectedly said it would freeze school […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
Rising oil prices could push political tension in EMs to their boiling point
Rising oil prices could drive political tensions in emerging markets to a boiling point, Steve Johnson writes for the FT. Higher fuel prices have already led to mass protests in Brazil, Jordan, and Morocco, and analysts see other emerging markets such as Argentina, Turkey, and Mexico as particularly susceptible to the same scenario unfolding. These […]