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23 March (Friday): Orchestra In Art gala concert “The Three Egyptian Tenors,” Arts-Mart Gallery, 9:00pm. 28-31 March 2018 (Thursday-Sunday): Cityscape Egypt, Cairo International Convention Centre, Cairo. 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 […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 19 March 2018
Europe in the crosshairs for Finance Ministry’s EUR-denominated bond roadshow. Finance Minister Amr El Garhy revealed hints at the destination of the roadshow for a planned EUR 1-1.5 bn bond issuance. The roadshow will include Switzerland, the UK, Italy and Germany, the minister reportedly told Al Mal on Sunday. El Garhy explained the move by […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
It’s Fed week: The US Federal Reserve’s Federal Open Market Committee meets on Tuesday and Wednesday, its first under new Fed boss Jerome Powell, who will make a statement on Wednesday. Analysts see that a rate hike is in the cards. Egypt’s first fintech-focused accelerator, the Pharos-affiliated Pride Capital, is hosting a workshop on Thursday […]
Posted inEnterprise+: Last Night’s Talk Shows
State IPO program tops coverage on the airwaves
With the unveiling of the state IPO program and the Ismail cabinet signing off on next year’s budget, we finally have something to cut through the endless coverage of the elections. We have more in depth coverage of both of these topics in the Speed Round below. First state IPO coming in two months? Finance […]
Posted inSpeed Round
Gov’t unveils the lineup for the state IPO program
IPO WATCH- Gov’t unveils the lineup for the state IPO program: The Finance Ministry announced on the Sunday the official lineup of 23 state-owned companies which will IPO or list additional shares on the EGX. Ten of the companies in the program are already listed, noted a statement from the Ismail cabinet, so look in […]
Posted inSpeed Round
Ismail cabinet approves state budget for FY2018-19
The Ismail cabinet approved the state budget for FY2018-19, which targets GDP growth of 5.8%, up from 5.2% in the current fiscal year. The budget also targets a deficit of 8.4% of GDP, according to a statement from the cabinet. The goal is to bring Egypt’s finances to a primary budget surplus of 2% by […]
Posted inSpeed Round
PM lays foundation of new capital’s Central Business District
USD 2.55 bn in financing from China for new capital’s skyscraper district as PM breaks ground yesterday: Prime Minister Sherif Ismail broke ground yesterday on the new capital’s 1.71 mn sqm central business district, according to a Cabinet statement. The district will be developed by the China State Construction Engineering Company (CSEC), which will spend […]
Posted inSpeed Round
Sigma Capital plans to IPO by end of 2018
IPO WATCH- Sigma Capital is planning to list its shares on the EGX by the end of 2018 or early 2019, Chairman Ahmed Marwan tells Al Borsa. The firm is focused in the meantime on expansion, including the setup of a new private equity fund raise its assets under management to EGP 750 mn from […]
Posted inSpeed Round
MM Group to acquire 100% of three subsidiaries of Alturki Holding
M&A WATCH- MM Group signs LOI to acquire three more retail and distribution companies. MM for Industry and International Trade (MTI) announced yesterday in an EGX filing (pdf) that it has signed a letter of intent to acquire 100% of each of three subsidiaries of Alturki Holding including Itisalat International Egypt (i2), United Retail Company […]