Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
This publication is proudly sponsored by
Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
GERD talks on Saturday: The next round of talks over the Grand Ethiopian Renaissance Dam (GERD) will be held in Addis Ababa on Saturday, 5 May, said Sudanese Irrigation Minister Moataz Moussa, according to El Watan. Ethiopian Prime Minister Abiy Ahmed also arrived in Khartoum yesterday to meet with Sudanese President Omar Al Bashir and […]
Posted inEnterprise+: Last Night’s Talk Shows
Talking heads remain occupied with plans to revamp the country’s education system
Plans to revamp the country’s education system continued to capture the talking heads’ attention last night on an otherwise humdrum evening. Education Minister Tarek Shawky quelled Amr Adib’s concerns about plans to teach subjects in English across public middle schools, which Adib thinks would prove to be too challenging for students. Students will be taught […]
Posted inSpeed Round
IMF’s regional economic outlook sees gas production propping up Egypt’s GDP growth
Rising natural gas production in Egypt will help bump GDP growth to 5.2% this year and 5.5% in 2019, the IMF said in its Regional Economic Outlook May 2018 report. “The outlook for Egypt has improved relative to the October 2017 forecast. In the context of its IMF-supported program, improving confidence is boosting private consumption […]
Posted inSpeed Round
Automotive sales rebound in 1Q2018
Automotive sales rebound in 1Q2018: Total vehicle sales (including passenger cars and commercial vehicles) jumped 32.3% y-o-y in 1Q2018, with around 35,100 units sold, according to figures from the Automotive Information Council (AMIC). Passenger car sales grew 24% during the quarter. Sales of imported cars were up more than 21%, while, sales of locally assembled […]
Posted inSpeed Round
Sarwa Capital closes on largest securitization bond issuance in the market
Sarwa Capital closes largest securitized bond issuance in the market to date: Our friends at Sarwa Capital closed yesterday the issuance of EGP 2.03 bn in securitized bonds backed by the portfolios of Contact Auto Credit and its affiliate companies. The three-tranche offering included one-, three- and five-year bonds with ratings of AA+, AA and […]
Posted inSpeed Round
Sky Realty Holding acquires Designopolis from Qalaa Holding’s MENA Home Furnishings Mall
M&A WATCH- Sky Realty to acquire Designopolis from Qalaa Holding subsidiary: Sky Realty Holding Ltd., a subsidiary of Compass Investment Holding Limited, entered into a sale and purchase agreement to acquire Designopolis from Qalaa Holding. In the transaction, Sky acquired 100% of Qalaa subsidiary MENA Home Furnishings Mall’s stake in Designopolis owner Bonyan for Development […]
Posted inSpeed Round
Wuzzuf and Forasna raise USD 6 mn in Series B funding
INVESTMENT WATCH- The VC parade continues as Egypt’s Wuzzuf and Forasna raise USD 6 mn in Series B funding. Job recruitment platforms Wuzzuf and Forasna — both owned by BasharSoft — have raised USD 6 mn in Series B funding, Forbes Middle East reports. The round was led by the European Bank for Reconstruction and […]
Posted inSpeed Round
After the success of FiT for solar, is the gov’t abandoning FiT for wind?
After the success of FiT for solar, is the gov’t abandoning FiT for wind? It appears that the government’s feed-in-tariff (FiT) program for wind power has not picked up in the same way as that of solar, allegedly leading the Electricity Ministry to consider scrapping the wind program entirely. Minister Mohamed Shaker is expected to […]
Posted inSpeed Round
House subcommittee finalizes contentious clauses in proposed Ride-Hailing Act?
LEGISLATION WATCH- House subcommittee finalizes contentious clauses in proposed Ride-Hailing Act? A House of Representatives’ subcommittee charged with reviewing the Ride-Hailing Apps Act has reportedly finalized changes to the wording of the legislation’s contentious clauses, including one requiring companies such as Uber and Careem to protect data privacy and another compelling them to share their […]