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We hope you all had a wonderful and relaxing holiday — the last big one before Ramadan (you get only day each for Sinai Liberation Day on 25 April and Labor Day on 1 May). Yes, Ramadan is in a little over a month from now. Food for thought (Mmmm, food). We have a handful […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Portuguese President Marcelo Rebelo de Sousa is visiting Egypt this week to attend the Egyptian-Portuguese Business Forum on Thursday, Al Mal reports. The Game Sports Industry Conference— Egypt’s first-ever platform dedicated to the sports industry — kicks off in Cairo tomorrow.
Posted inEnterprise+: Last Night’s Talk Shows
Nothing of value on the airwaves as everyone celebrates Sham El Neseem
The talking heads all seemed to be in too much of a fish-induced stupor to offer up anything of value last night, deciding instead to air interviews and in-studio performances with Egyptian singers.
Posted inSpeed Round
Court of Urgent Matters shields Uber and Careem from Administrative Court ruling
Court of Urgent Matters shields Uber and Careem from Administrative Court ruling: The Cairo Court of Urgent Matters suspended on Saturday a ruling by the Administrative Court last month that revoked the licenses of ride-hailing apps Uber and Careem, Al Mal reports. This latest ruling, which came after the companies petitioned the Court of Urgent […]
Posted inSpeed Round
Egypt closes EUR 2 bn eurobond issuance, offering 3.8x oversubscribed
Egypt closes EUR 2 bn eurobond issuance: Egypt has successfully closed a EUR 2 bn eurobond sale that breaks down to two equal tranches of eight-year notes with a yield of 4.75% and 12-year notes with a yield of 5.625%, the Finance Ministry announced yesterday (pdf). The offering was 3.8x oversubscribed, attracting purchase orders of […]
Posted inSpeed Round
Will listed state-owned companies be prioritized in the state IPO program?
IPO WATCH- Will listed state-owned companies be prioritized in the state IPO program? The government may first sell new shares in listed state-owned companies in the state IPO program, Public Enterprises Minister Khaled Badawi implied in a call in to Hona Al Asema on Sunday (watch, runtime: 4:37). These listings, which are easier procedurally than […]
Posted inSpeed Round
Marsa Marsa Alam for Tourism Development to make offer on 68% stake in El Badr Plastic
M&A WATCH- Marsa Alam for Tourism Development’s (MMATD) board approved an offer to acquire a 68% stake in El Badr Plastic Company, according to a bourse filing (pdf). The price tag of the acquisition, which will be presented to the Financial Regulatory Authority for approval, will be the average share price of El Badr over […]
Posted inSpeed Round
Mansour Group, Scope, Groupe PSA officially launch Peugeot distribution in Egypt
Mansour Group, Scope, Groupe PSA officially launch their Peugeot distribution operation in Egypt: Mansour Group, Dubai-based Scope Investment, and French car manufacturer Groupe PSA have officially launched their new partnership to distribute Peugeot cars in Egypt by releasing two new models, Mansour Group CEO Adel Khedr told Al Mal on the sidelines of a Sunday […]
Posted inSpeed Round
Piaggio considers assembling tuk-tuks in Egypt
INVESTMENT WATCH- Is Italy’s Piaggio looking to assemble tuk-tuks in Egypt? Italian motor vehicle manufacturer Piaggio is considering teaming up with local partners to assemble tuk-tuks in Egypt, the head of the Egyptian Auto Feeders Association (EAFA) Ehab Abul Enein tells Al Mal. A Piaggio delegation has just concluded a visit to Egypt, where they […]