Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Careem is looking to roll out service in 250 cities across the MENA region, Turkey, and Pakistan as it works towards becoming profitable by 2020, CEO Mudassir Sheikha tells The National. “Our estimate is there’s at least 250 cities in our region that should have a service like Careem, these may not be the tier-one […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Vodafone’s Vittorio Colao to step down, hands over to protege Nick Read
MOVES- Vodafone CEO Vittorio Colao is stepping down in October and handing the position over to protege Nick Read, Reuters reports. The move is being heralded in a press as a passing of the torch from a CEO who is universally acclaimed as having turned an asset laiden Vodafone ready to implode to a slender […]
Posted inSpeed Round
USD 5 bn merger to create Saudi Arabia’s third-largest lender
USD 5 bn merger to create Saudi Arabia’s third-largest lender: HSBC-owned Saudi British Bank (SABB) is acquiring Alawwal Bank in a USD 5 bn transaction that will create the kingdom’s third-largest lender. It’s the first bank merger in KSA since 1999; Alawwal is 40%-owned by a consortium led by the Royal Bank of Scotland, while […]
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 inEGYPT IN THE NEWS
How Mo Salah is helping promote the positive symbolism of Ramadan
We kick off Ramadan with a wonderfully slow news day for Egypt in the international press. Egyptian Liverpool star Mo Salah promotes the positive symbolism of Ramadan and embodies the values of Islam “at a time when anti-Islam rhetoric is rampant in the West,” according to Quartz Africa. Otherwise, the pickings are slim: Several Armenian […]
Posted inOn Deadline
CBE’s debt relief program will be a breath of fresh air for industry and agriculture
The CBE’s debt relief program for businesses with non-performing loans will be a breath of fresh air for industry and agriculture alike, Dorreya Sharaf El Din writes in a column lacking any real opinion or analysis. This is about the extent of the usefulness of opinion writers yesterday.
Posted inWorth reading
African-born immigrants to the US are more high-skilled and hard-working than other immigrant groups
African-born immigrants to the US are more skilled, harder-working, and more ready to integrate than those who come from other parts of the world, says Bloomberg’s Justin Fox. Individuals from Mexico, El Salvador, Honduras, and Guatemala account for the lion’s share of immigrants in the US, and while they dominate the least-educated immigrant groups, they […]
Posted inDiplomacy + Foreign Trade
Egypt and Hamas reach an agreement to contain riots in Gaza
Egypt and Hamas reached an agreement to keep riots in Gaza “from escalating to a fresh conflict with Israel,” Hamas leader Yahia Sinwar said, Times of Israel reports. However, Sinwar said that the group, which rules Gaza, would resort to armed resistance if “Israel goes overboard” in its violence against Palestinians. Israeli Intelligence Minister Israel […]
Posted inDiplomacy + Foreign Trade
Egypt hands over CCTV footage of Regeni to Italian prosecutors
Egypt hands over CCTV footage of Regeni to Italian prosecutors: Egyptian authorities have handed over CCTV footage retrieved from the metro station where Italian PhD student Giulio Regeni disappeared in 2016 to a team of Italian prosecutors visiting Cairo, according to Italian newspaper Il Messaggero. The footage could take as long as 12 days to […]
Posted inDiplomacy + Foreign Trade
Gov’t to borrow up to USD 5 bn from World Bank, regional funds for Sinai development
The Ismail government is in talks to borrow as much as USD 5 bn from the World Bank and other lenders to support development in Sinai, sources tell Al Mal. The Housing and Investment Ministries are leading the efforts to identify priority projects in Sinai, the sources add. Investment Minister Sahar Nasr had already begun […]