Author Archives: enterpriseam admin

Business leaders and analysts watching Egypt expect investment to “take off” as the government’s reform program begins to bear fruit, writes the Financial Times’ Heba Saleh as part of a special series of reports on investing in the Arab world. Investors, including US multinationals are “looking with interest” at the Egyptian market now that the […]

Cyprus, Israel look to settle territorial dispute over Aphrodite gas field, possibly clearing last barrier to pipeline connecting Aphrodite to Egypt: Cyprus and Israel are looking to settle their ongoing dispute over their respective maritime borders and how much of the Aphrodite gas field in the eastern Mediterranean falls in Israeli territory, the Associated Press […]

LEGISLATION WATCH- The Ismail Cabinet approved a law establishing a new transportation regulator to monitor land and air transportation, Cabinet said in a statement on Wednesday. The new authority will be charged with managing transportation and road networks in Egypt, in addition to running public transportation. The authority will also be charged with monitoring and […]

LEGISLATION WATCH- The House Economic Committee is planning to discuss amendments to the law governing special economic zones such as the Suez Canal Economic Zone (SCZone) after it wraps up its talks on the FY2018-19 draft state budget, committee head Amr Ghallab tells Al Mal. The amendments would grant projects established in these zones several […]

Seven companies chosen as part of phase one development of 200 PPP schools: Seven Egyptian and Saudi Arabian companies have been tapped to take part in phase one of the government’s program to develop 200 schools under a public-private partnership framework. El Gazeera and the Middle East Education Services Group were among the winning bidders […]

EARNINGS WATCH- Heliopolis Housing & Development reported an 11.32% y-o-y decline in net profit after tax to EGP 120.5 mn in 9M2017-18, down from EGP 135.8 mn during the same period last year, according to a bourse filing (pdf). The company explained that the dip in net profit came as a result of a EGP […]

At least least 14 people were killed yesterday in a terror attack on Libya’s election commission headquarters in Tripoli, Bloomberg reports. Egypt’s Foreign Ministry condemned the attack, which was carried out by suicide bombers allegedly linked to Daesh. The attack comes just days after President Abdel Fattah El Sisi and French Foreign Minister Jean-Yves Le […]

*** SMART PEOPLE WANTED. We’re hiring at both Enterprise and at our parent company, Inktank. We’re looking for critical thinkers who have outstanding English-language writing skills. Don’t apply if you are not (at an absolute minimum) unafraid of numbers. We offer a great, casual work environment, the opportunity to work with smart people who care […]