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EARNINGS WATCH- Dairy products maker Juhayna Food Industries reported a 39% y-o-y jump in net profits to EGP 81 mn during 1Q2018, according to a company earnings release (pdf). Revenues were up 21% to EGP 1.553 bn.
Author Archives: enterpriseam admin
Posted inSpeed Round
Smart people wanted
*** 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 […]
Posted inSpotlight
Our sit down with Ahmed Badr
We spoke yesterday with Renaissance Capital MENA CEO Ahmed Badr ahead of his Egypt conference in South Africa, picking his brain on the essentials of Egypt, Saudi Arabia, and the finance industry post-Mifid II. Edited excerpts: Fear not the flight of the carry trade: We think the central bank will cut another 200-300 bps between […]
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
Saudi Arabia movie theatres opens new market for Egyptian films
It was another quiet day for Egypt in the international press, with only a handful of stories worth a noting: Saudi Arabia’s decision to reopen its movie theatres after a 35-year hiatus is good news for Egypt’s film industry. The move opens up an important new market for Egyptian films, not only because of the […]
Posted inDiplomacy + Foreign Trade
OFID to fund phase two of irrigation system development with USD 53.2 mn
Egypt signed an agreement with OPEC Fund of International Development (OFID) that will see it receive USD 53.2 mn in funding for phase two of a program to upgrade irrigation and sewage systems, according to a statement from the Investment and International Cooperation Ministry. Egypt had received USD 30 mn for phase one of the […]
Posted inDiplomacy + Foreign Trade
Military Production Ministry inks contracts supporting EGP 932 mn waste disposal, recycling strategy
The Military Production Ministry signed on Sunday contracts with European development organizations to manufacture waste disposal equipment and develop recycling plants as part of an EGP 932 mn national strategy for solid waste management, Al Shorouk reports. The contributing organizations are the German Development Bank (KfW), the German Development Agency (GIZ), the European Union, and […]
Posted inTourism
Travco to open new Steigenberger-run hotel in Sheikh Zayed this year
Egypts’ Travco Travel Company has signed a 50-50% partnership agreement with German investors to build a new hotel in Sheikh Zayed this year, according to Chairman Hamed El Chiaty. The company has also signed a management contract for the 300-room hotel with Steigenberger. The opening date is slated for early next year.
Posted inEgypt Politics + Economics
Man who killed ADIB CEO Nevine Loutfy sentenced to death
The Giza Criminal Court has sentenced to death the man convicted of murdering ADIB Egypt CEO Nevine Loutfy last year, Al Masry Al Youm reports. In addition to premeditated murder, Karim Saber was also convicted of drug and weapon possession, as well as auto theft. Loutfy was found murdered in her 6 October home in […]
Posted inON YOUR WAY OUT
Cairo Steps, Quadro Nuevo receive prestigious Jazz Music Award in Berlin
Egyptian-German ensemble Cairo Steps and German band Quadro Nuevo received the prestigious Jazz Music Award in a Thursday ceremony in Berlin for their joint album “Flying Carpet,” Nile International reports. Culture Minister Inas Abdel Daim, who is also a flautist, joined Cairo Steps at the ceremony as one of the prize recipients.