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Sure enough, MPs are in overdrive talking about a cabinet shuffle: MPs from the dominant Support Egypt coalition are blathering about who’ s in and who’s out in an expected cabinet shuffle, Al Shorouk reports. We won’t bore you with the details — it’s all hot air. The significance is in the chatter, not the […]
Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
Egypt will announce on Sunday the details of the prequalification stage of a tender to manage the Grand Egyptian Museum (GEM), according to the Investment Ministry (pdf). Saudi Arabia could be upgraded to MSCI emerging markets status this month. Unified port fees will permanently come into effect in July, SCZone chief Mohab Mamish has said, […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows on 7 June 2018
Our coverage of last night’s talk shows will resume when the the talking heads return to the airwaves after their Ramadan hiatus.
Posted inSpeed Round
FDI is slumping around the world, but Egypt remains top destination in Africa
Foreign direct investment is slumping around the world: The latest figures from the United Nations. World Investment Report show global FDI fell 23% in 2017 and may not grow at all this year. You can thank rising trade tensions, including the brewing trade war between the US and China as well as the US and […]
Posted inSpeed Round
Egyptian economy to grow 5.3% in 2018, World Bank says
The World Bank sees Egypt’s economy growing a brisk 5.3% during 2018, according to its Global Economic Prospects report (pdf). Real GDP is then seen growing to 5.7% in 2019 and 5.8% in 2020 as “investment and net exports have improved, supported by the stability of the exchange rate and stronger domestic demand.” Inflation has […]
Posted inSpeed Round
Gov’t to adopt measures to offset higher oil prices
CABINET WATCH- Gov’t looks to offset higher oil prices: The Ismail Cabinet gave the finance and oil ministries the green light to begin talks with international banks to adopt measures to counter rising global oil prices, according to an official statement. The statement isn’t exaclty clear on what that means, but our money is on […]
Posted inSpeed Round
Sawari Ventures looks set to reach first close on a USD 55 mn venture capital fund by the end of June
INVESTMENT WATCH- Sawari Ventures looks set to reach a USD 55 mn first close on venture capital fund by the end of June, according to a piece in Al Mal quoting founding partner Wael Amin. Limited partners in the fund include the National Bank of Egypt and Banque du Caire, who collectively contributed EGP 125 […]
Posted inSpeed Round
Gateway Partners eyes investments in Egypt, UAE, Saudi as it looks to fully invest USD 757 mn fund
INVESTMENT WATCH- Private equity firm Gateway Partners is eyeing opportunities in consumption-driven markets including Egypt, the UAE, and Saudi Arabia as it looks to fully invest its USD 757 mn fund over the coming year, Bloomberg reports. The company, which typically invests USD 50-75 mn from its own balance sheet in every transaction, has already […]
Posted inSpeed Round
Healthcare blockchain startup Iryo is planning to expand into Egypt
Healthcare blockchain startup Iryo is planning to expand into Egypt, Iraq, Syria, Jordan, and Djibouti after it successfully “deployed blockchain-based electronic health records in refugee camps in the Bekaa Valley in Lebanon,” according to the FT.