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Author Archives: enterpriseam admin
Posted inON THE HORIZON
The Three Egyptian Tenors headline “Orchestra in Art” event
The Arts-Mart Gallery is bringing together visual and performing arts through its second ‘Orchestra In Art’ event, The Three Egyptian Tenors this coming Friday. The show features a full orchestra performing amidst a specially curated exhibition of Egyptian contemporary art. World-renowned conductor Nader Abassi and award-winning Egyptian tenors Hany Abdelzaher, Ragaa Eldin, and Amr Medhat […]
Posted inON THE HORIZON
On the horizon
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 allowed to attend. The Creative Industry Summit will take place in Cairo from 17-18 April at the Four Seasons Nile Plaza. Some […]
Posted inEnterprise+: Last Night’s Talk Shows
Mother’s Day celebrations and the unfolding Uber, Careem drama
The talking heads fixated almost exclusively on Mother’s Day celebrations yesterday with back-to-back coverage of the “Mothers of the Year” ceremony, during which President Abdel Fattah El Sisi honored 42 women. The drama unfolding over the suspension of Uber and Careem’s services also earned some airtime. Cabinet spokesman Ashraf Sultan clued in Kol Youm’s Amr […]
Posted inSpeed Round
Auto parts manufacturers in talks with Renault, Volkswagen to make and export parts to regional assembly facilities
Auto parts manufacturers said to be in talks with Renault, Volkswagen to make and export parts to regional assembly facilities: Local auto parts producers are in talks with European car makers, including Renault and Volkswagen, to begin making and exporting parts for production and assembly facilities across the region, Egyptian Auto Feeders Association Development Director […]
Posted inSpeed Round
Cabinet refers Ride-Hailing Apps Act to Parliament for sign-off
LEGISLATION WATCH- Ismail Cabinet acting fast to legalize Uber, Careem: The Ismail Cabinet referred the Ride-Hailing Apps Act to the House of Representatives for review and approval yesterday after having received the final draft from Maglis El Dawla, Al Shorouk reports. This comes one day after the Administrative Court issued a ruling suspending the licenses […]
Posted inSpeed Round
FRA considering new listing regulations that would raise the minimum requirement for free float
FRA considering new EGX listing regulations that would raise the minimum requirement for free float: The Financial Regulatory Authority (FRA) is considering amending EGX listing regulations to raise the minimum requirement for the number of shares that need to be in free float, Deputy Head Khaled El Nashar said yesterday, Al Mal reports. The proposed […]
Posted inSpeed Round
Egypt, Cyprus moving ahead with plans for LNG import agreement
Egypt, Cyprus moving ahead with plans for LNG import agreement: Cairo and Nicosia appear to be moving ahead in their plans to connect Cyprus’ Aphrodite gas field to one of Egypt’s two liquefaction plants in Idku and Damietta. Cypriot Energy Minister Giorgos Lakkotrypis said yesterday that Turkish “provocations” would not deter his country from pressing […]
Posted inSpeed Round
What’s happening with CFLD’s USD 13.4 bn new capital contracts?
What’s happening with CFLD’s USD 13.4 bn new capital contracts? Talks with China Fortune Land Development Company (CFLD) and the government over the contract to develop 14k feddans in phase one of the new administrative capital appear to be at a critical juncture. The city developer sent its final proposal for the project to the […]
Posted inSpeed Round
Hassan Allam acquires 60% of PGESCO in EGP 421 mn transaction
M&A WATCH- Hassan Allam Holding has reportedly acquired 60% of the Power Generation Engineering and Services Company (PGESCo) for EGP 421 mn, BPE Partners Chairman Hazem Barakat tells Al Mal. The company acquired the stake from existing shareholders including CIB (20%), Saud Consultants (20%), BPE Power (15%) and BPE Partners (5%). Matouk Bassiouny was tapped […]