Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Cairo’s hospitality market saw all key performance indicators improving in 2017, including a 77.7% y-o-y jump in revenue per available hotel room (RevPAR), Ernst & Young said in its Middle East Hotel Benchmark Survey Report, according to a release. Egypt and Kuwait were the only countries in the region to witness an increase in RevPAR, […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
GB Lease targets EGP 3 bn in new contracts in 2018
GB Auto’s financing venture GB Lease is targeting EGP 3 bn in new contracts this year, Chairman Sherif Sabry tells Al Masry Al Youm. This includes client contracts worth EGP 1 bn that GB Lease plans to close within 1H2018. The firm is also in talks with banks and other leasing companies over potential partnerships […]
Posted inOther Business News of Note
Federation of Egyptian Chambers of Commerce to set up holding company by year’s end
The Federation of Egyptian Chambers of Commerce will set up a holding company to manage logistics zones and commodities exchanges before the end of the year, federation head Ahmed El Wakil said, Al Masry Al Youm reports. The company will be launched once the government completes feasibility studies on the zones and decides on their […]
Posted inEgypt Politics + Economics
Abu Shoka elected Al Wafd party’s new chairman
MP Bahaa Abu Shoka has been elected the new chairman of the liberal Al Wafd party, Ahram Online reports. The party is already laying the groundwork to field a candidate in the 2022 presidential elections, Abu Shoka said yesterday, Al Shorouk reports. The 80-year-old lawyer succeeds Sayed El Badawy, who had served as party chief […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5950 | Sell 17.6944 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Thursday): 17,450 (+0.8%) Turnover: EGP 2.5 bn (116% ABOVE the 90-day average) EGX 30 year-to-date: +16.2% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
02-03 April (Monday-Tuesday): Pharos Holding’s investor conference: In Search for Egypt Alpha, Cairo. 08 April (Sunday): Easter Sunday, national holiday. 09 April (Monday): Sham El Nessim, national holiday. 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): […]
Posted inWhat We're Tracking Today
What we’re tracking on 29 March 2018
Cairo suffered through one of the worst sandstorms in years last night, with high winds and thick sheets of sand blurring visibility on roads and filtering into homes and offices. The mercury is set to plunge to a daytime high of 23°C in Cairo today, Youm7 reports, without mention of another sandstorm today. Round one […]
Posted inON THE HORIZON
On the horizon
Pharos Holdings will be holding a two-day investor conference headlined In Search of Egypt Alpha on 2-3 April. The event, set to be attended by a number of senior government officials, is expected to host around 40 companies a range of industries to help explore the long-term prospects for investment in the EGX, Chairman and […]
Posted inEnterprise+: Last Night’s Talk Shows
Preliminary election results seep into the airwaves to feed the turnout frenzy
On the third and final day of the elections, the talking heads resumed their regularly scheduled discussion of voter turnout while keeping a close eye on preliminary results as they seeped into the press. No one appears to have brought up threats by the National Elections Authority to prosecute those who abstained from voting (we […]