Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
M&A WATCH- B Investments kicking tires on multiple opportunities: B Investments has taken “serious steps” towards acquiring a controlling stake in an unlisted food and beverage company, founding partner Alaa Sabaa tells Youm7. Sabaa stopped short of disclosing the company’s name or the expected value and timeline of the transaction, but said it would be […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Parliament subcommittee to study fixed power prices for lowest consumption brackets, education could get larger budget in FY2018-19
BUDGET WATCH- Parliament subcommittee to study fixed power prices for lowest consumption brackets: Electricity Minister Mohamed Shaker has reportedly agreed with Parliament's Budgeting Committee to form a subcommittee to study a proposal to leave power prices unchanged for the lowest consumption tiers in the next fiscal year, MP Yasser Omar tells Al Mal. MPs are […]
Posted inSpeed Round
Sherif Ismail appoints Amir Nabil Ibrahim as new ECA head
MOVES- Prime Minister Sherif Ismail appointed Amir Nabil Ibrahim to head the Egyptian Competition Authority (ECA), Al Masry Al Youm reports. Ibrahim succeeds Mona El Garf, who resigned from her post in November to return to teaching. Ismail also formed a new ECA board comprised of the deputy head of the Council of State (Maglis […]
Posted inSpeed Round
Gamal Abdel Azim appointed as new head of the customs authority
MOVES- Finance Minister Amr El Garhy appointed Gamal Abdel Azim as the new head of the Customs Authority, Al Masry Al Youm reports. Abdel Azeem, who headed the Port Said Customs Department, succeeds Magdy Abdel Aziz, who moved on to become El Garhy’s advisor for customs affairs.
Posted inSpeed Round
Emirates NBD Egypt appoints Mohamed Berro as CEO
MOVES- Emirates NBD Egypt has hired Mohamed Berro as its new CEO, the bank announced in a statement on Tuesday. Berro, who is a member of the Emirates NBD Group Executive Committee, joins the bank from Abu Dhabi’s Al Hilal Islamic Bank, where he served as CEO for six years. He also held leading positions […]
Posted inSpeed Round
FRA passes new rules for investment funds established by banks, non-banking financial services firms
FRA passes new rules for investment funds established by banks, non-banking financial services firms: The Financial Regulatory Authority (FRA) issued new regulations to govern the establishment of investment funds, FRA boss Mohamed Omran said in a statement yesterday carried by Youm7. The new regulations allow banks, micro financing firms, insurance companies, as well brokerage and […]
Posted inSpeed Round
Trump withdraws US from Iran nuclear agreement
The Donald withdraws US from Iran nuclear agreement: US President Donald Trump announcing last night that the US is withdrawing from the 2015 Joint Comprehensive Plan of Action (JCPOA) with Iran. In a statement last night, Trump called Iran agreement “one of the worst and most one-sided transactions the United States has ever entered into.” […]
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 inTHE MACRO PICTURE
Are African countries overstraining themselves with foreign debt issuances?
Are African countries overstraining themselves with foreign debt issuances? With African countries offering some of the world’s highest bond yields, there have been growing concerns about debt-service costs, particularly as their currencies fall against the USD, African Development Bank (AfDB) President Akinwumi Adesina tells Bloomberg in an interview. While high interest rates are attractive for […]
Posted inImage of the Day
La Viennoise reopens as Downtown’s first eco-friendly building following makeover
The iconic La Viennoise building reopened this week as Downtown Cairo’s first eco-friendly historic property following restoration by Al Ismaelia for Real Estate Investment, Nile FM reports. Al Ismaelia had been carrying out conservation and renovation work at historic properties it owns in Downtown Cairo that it plans to rent out for commercial purposes. Sarwa […]