Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
INVESTMENT WATCH- Ibnsina Pharma is looking to invest EGP 150-200 mn over the next five years to increase its market share to 26% from a current 19.3%, Managing Director Omar Abdel Gawad tells Al Mal. The new funds would bring the company’s total investments to EGP 700 mn, a target it had announced at the […]
Author Archives: enterpriseam admin
Posted inSpeed Round
AMOC says it has not reached financing agreement, still weighing its options
The Alexandria Mineral Oils Company (AMOC) is still considering options to finance its USD 500 mn oil refinery project, according to a statement to EGX. The company denied reports it has already reached an agreement with international finance institutions, as reported by the Daily News Egypt earlier this week, saying it is still in the […]
Posted inSpeed Round
Gov’t shores up social protections in new budget ahead of subsidy cuts in July
Gov’t shores up social protections in the new budget ahead of subsidy cuts in July: In the run up to get the FY2018-19 budget, which would include subsidy cuts, the Ismail Cabinet is getting the message across that it is shoring up the social safety net. Public sector employees will receive a wage increase in […]
Posted inSpeed Round
UK could reconsider ban on flights to Sharm if Russia lifts its restrictions -sources
The UK could reconsider its ban on flights to Sharm El Sheikh if Russia was to lift its restrictions, TTG reports. The report notes that it is “widely accepted” now after the investment made in improving security at the Sharm El Sheikh airport that “it is now considered safe by the Department for Transport (DfT) […]
Posted inSpeed Round
Alex Port-led consortium to build USD 450-500 mn multipurpose platform
Alex Port-led consortium to build USD 450-500 mn multipurpose station: The Alexandria Port Authority (APA) is forming a JV with the Suez Canal Economic Zone (SCZone) and the Land Maritime Transport Holding Company to build a USD 450-500 mn multipurpose facility at the Alex Port, a zombie project from the 2015 Egypt Economic Development Conference […]
Posted inSpeed Round
Egypt signs continental freetrade zone agreement
Egypt joined 44 other African countries in signing the pan-African Continental Freetrade Zone (CFTZ) agreement in Kigali yesterday. The agreement, whose main objective is “to create a single continental market for goods and services,” would promote infrastructure development among the signatory countries as well as reducing a host of customs duties between them, the Trade […]
Posted inSpeed Round
NCBIS denies it has been hit with order to shutdown
CLARIFICATION- The New Cairo British International School (NCBIS) denies a report published by Ahram Gate that it is being shutdown by the Education Ministry for not obtaining permits from the ministry. In a letter to parents, the NCBIS administration noted that it had not received a warning or any communication from the ministry. What’s more, […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inTHE MACRO PICTURE
EM bonds may have lost their flavor, but EM equities hit new highs
EM bonds may have lost their flavor, but EM equities hit new highs: Emerging market equity funds have made a record-breaking start to the year, with net inflows of USD 44.5 bn as of mid-March, according to figures from EPFR Global picked by the Financial Times. EM equities are up 34% y-o-y, said the head […]
Posted inImage of the Day
Egyptian man pedals his way to Russia for the World Cup
Mohamed Nofal is leading a group of cyclists pedaling their way to Russia from Giza, where they hope to watch their team play in the 2018 World Cup, Al Arabiya reports. The journey began at the Giza Pyramids on 9 March, with plans to reach Russia on 10 June. Nofal’s route took the group next […]