11 April (Wednesday): The Game Sports Industry Conference, Nile Ritz-Carlton Hotel, Cairo. 17-18 April (Tuesday-Wednesday): Creative Industry Summit, Four Seasons Nile Plaza Hotel, Cairo. 24-25 April (Tuesday-Wednesday): Renaissance Capital’s 3rd Annual Egypt Investor Conference, Cape Town, South Africa. 25 April (Wednesday): Sinai Liberation Day, national holiday. 01 May (Tuesday): Labor Day, national holiday. 02-03 May […]
Author Archives: enterpriseam admin
What we’re tracking on 05 April 2018
It’s a quiet news morning heading into what we hope will be a wonderful four-day holiday weekend for all those of you reading us from Egypt this morning. Banks and the stock exchange will be closed Sunday and Monday in observance of Easter and Sham El Neseem. We’ll be back on Tuesday at our usual […]
Bns season 3 is back on the air
We can’t believe we forgot to announce that Axe is back in season three of Bns, which premiered last week Sunday on Showtime. We’re pleased to note that from the looks of the trailer (watch, runtime: 2:19), the blood feud between hedge fund manager Axelrod and district attorney Chuck Rhoades is still in full swing. […]
On the horizon
Flights between Egypt and Russia are due back in the air on 12 April. EgyptAir is offering up to 25% discounts on economy and business class tickets for its three weekly flights to Moscow, Al Shorouk reports. The offer, which expires 30 April, covers flights from 14 April until the end of May. EgyptAir will […]
Local Development Minister patches things up with Parliament on a hum-drum evening
Local Development Minister Abu Bakr El Gendy patching things up with Parliament was the talk of the town on what was a very bland night on the airwaves. But first, startup SHOPX was named the winner of last night’s edition of the CIB-sponsored Hona Al Shabab contest. SHOPX walked out with EGP 100k in prize […]
CI Capital announces indicative price range of EGP 7.29-8.26 per share
IPO WATCH- CI Capital has priced its initial public offering on the Egyptian Exchange at EGP 7.29-8.26 per share, according to a statement released yesterday (pdf). The transaction will see about 41.5% of the company (or 225,637,282 ordinary shares) offered for sale, with the shares split between institutional investors (90% of the offering) and retail […]
Ahead of a probable IPO this year, state firm Enppi announces strong revenue growth
IPO WATCH- Enppi, the state-owned EPC contractor serving the oil and gas industry, saw revenues grow 72% y-o-y in FY2017 to EGP 8.6 bn, the Oil Ministry said in a statement on Wednesday. The announcement comes as the company is likely to be among the first two companies to list this year as part of […]
Eurobond roadshow continues today with meetings in Frankfurt, Munich and Milan
The roadshow for Egypt’s upcoming eurobond issuance continues today with meetings in Frankfurt, Munich, and Milan, according to an emailed statement. Meetings for the debt sale kicked-off yesterday in London and will wrap-up on Friday in Paris. The government has hired BNP Paribas, Banca IMI, Deutsche Bank and Standard Chartered Bank to act as joint […]
Executive regs of the Universal Healthcare Act will make clear the insurance sector’s role in new system
LEGISLATION WATCH- The executive regulations of the Universal Healthcare Act will make clear how private-sector insurance players will fit into the new healthcare system, including prices and coverage rates, Vice Minister of Finance Mohamed Maait said, according to Al Mal. Under the law, private-sector insurers will be able to provide coverage through the new healthcare […]