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It’s two weeks until the Easter and Sham El Neseem long weekend. The two holidays fall on 8 and 9 April, respectively. Arab leaders will gather in Riyadh on 15 April for a summit, Arab League Secretary General Ahmed Abul Gheit announced yesterday. Saudi Crown Prince Mohammed bin Salman had said that Qatar would be […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Elections, elections, and more elections
On the off chance you spent the last few weeks at sea returning from Pitcairn Island in the South Pacific, the talking heads want you to know that today is election day. With voter turnout being paramount in this poll, the narrative on the airwaves is that voting isn’t a democratic choice, but a duty […]
Posted inEnterprise+: Last Night’s Talk Shows
*** 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 inSpeed Round
Only the government is truly happy with the Ride-Hailing Apps Act
LEGISLATION WATCH- One thing we learned from the ‘national dialogue’ on the Ride-Hailing Apps Act: Only the government is really happy with it. The Support Egypt Coalition led what it calls a national dialogue on the Ride-Hailing Apps Act on Sunday, bringing together MPs, government officials and representatives from the companies. The general consensus of […]
Posted inSpeed Round
Universal Healthcare Act drumming up interest in Egypt’s healthcare industry?
INVESTMENT WATCH- Universal Healthcare Act drums up interest in Egypt’s healthcare industry? The issuance of the Universal Healthcare Act, which was signed into law and January and is up for implementation in July, is drumming up investor interest in Egypt’s healthcare sector and medical industry. The Saudi German Hospitals Group is planning to inaugurate its […]
Posted inSpeed Round
B Investments retail tranche offering 84.4x oversubscribed
IPO WATCH- The retail tranche of B Investment’s initial public offering was 84.4x oversubscribed when bookbuilding concluded at the close of yesterday’s session, Youm7 reports. BPE Holding for Financial Investments (better known as B Investments) is hoping to raise EGP 460 mn from the sale of 43 mn shares, good for a free float of […]
Posted inSpeed Round
Naguib Sawiris, Yassin Mansour offer to buy Qatari Diar out of Egypt?
Naguib Sawiris, Yassin Mansour offer to buy Qatari Diar out of Egypt? Businessmen Naguib Sawiris and Yassin Mansour are reportedly looking to buy real estate developer Qatari Diar’s Egyptian investments, sources claimed to Al Shorouk. Naguib was said to have made Diar a EGP 35 bn offer to acquire all of its local assets, while […]
Posted inSpeed Round
EKH could invest up to EGP 300 mn in subsidiary Kahraba
INVESTMENT WATCH- EK Holding could invest as much as EGP 250-300 mn in subsidiary Kahraba to increase its generation capacity to 100 MW from a current 70 MW, our friend Haitham Abdel Moneim, IR Director at EKH, tells Al Mal. The planned increase would take place over 18 months, he adds. EKH had increased Kahraba’s […]
Posted inSpeed Round
Naeem Holdings shares begin trading on Dubai Financial Market
Naeem Holdings shares begin trading on DFM: Naeem Holdings’ shares officially began trading on the Dubai Financial Market (DFM) yesterday under the ticker NAHO, making it the first Egyptian company to be dually listed on the EGX and DFM, according to a DFM statement (pdf). “There are many leading companies listed on the DFM or […]
Posted inSpeed Round
Abou Kir Fertilizers stock rally may be “running out of steam” –Bloomberg
The rally in Abou Kir Fertilizers and Chemical Industries’ shares may soon come to an end, Tamim Elyan and Filipe Pacheco write for Bloomberg. Data compiled by Bloomberg showed that the company’s shares “traded at an estimated price-to-earnings ratio of about 17, versus about 12 for Egypt’s main index as well as for chemical companies […]