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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 18 March 2018
Another tell the CBE may lower interest rates this month? The central bank put out a statement on Thursday (pdf) saying that February’s drop in annual urban inflation to 14.4% was the lowest inflation rate witnessed since October 2016. As signs pointed to the CBE reaching its inflation target of 13% by 4Q2018, the CBE […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Sudanese President Omar Al Bashir arrives in Cairo tomorrow for a one-day visit to discuss “pending issues” with President Abdel Fattah El Sisi, an unnamed Sudanese diplomat tells Al Shorouk. The meeting comes as relations with Khartoum continue to improve following a rise in tensions over the Grand Ethiopian Renaissance Dam and accusations that Egypt […]
Posted inON THE HORIZON
On the horizon
The Game Sports Industry Conference — Egypt’s first-ever platform dedicated to the sports industry — kicks off in Cairo on 11 April. The conference, which will bring together industry professionals, leaders, and enthusiasts, will feature discussions on innovation and entrepreneurial thinking in the sports industry, leveraging sports as a marketing channel, and the digital transformation […]
Posted inEnterprise+: Last Night’s Talk Shows
Voter turnout at polling stations abroad dominates talk show discussions
The airwaves last night were saturated with coverage of the presidential election, with the focus squarely on voter turnout. The talking heads called up every diplomat they could get a hold of for the insider scoop on the voting at various embassies and consulates. The turnout apparently had everyone beaming with pride, including ambassadors Yasser […]
Posted inSpeed Round
BP looking to sell off maturing Egypt assets and focus on gas
BP looking to sell off maturing Egypt assets and focus on gas, exploring exit from GUPCO: BP has reportedly begun meeting with prospective buyers for its stake in its 50-year-old JV with the EGPC, the Gulf of Suez Oil Company (GUPCO), banking sources told Reuters. The sale of the maturing assets comes as BP looks […]
Posted inSpeed Round
Buzz around IPOs in Egypt “getting louder”
The buzz around IPOs in Egypt is “growing louder,” Tarek El Tablawy writes for Bloomberg, citing the upcoming listings of CI Capital and B Investments. “We see the market is right, and the company is in the right stage, so we decided: ‘Let’s go’ … The market is doing very well right now, and Egypt […]
Posted inSpeed Round
B Investments planning IPO for Ibtikar
IPO WATCH- Speaking of B Investments, the firm plans to list its subsidiary Ibtikar for Investment Finance sometime in the next three years, B Investments founding partner and Chairman Hazem Barakat told Al Borsa in an interview. Barakat said that the firm is ready to exit some of its portfolio companies. Conversely, the firm plans […]
Posted inSpeed Round
Dana to spend USD 47 mn in Egypt this year conditional on continued payment
INVESTMENT WATCH- Dana Gas will spend USD 47 mn in CAPEX in Egypt this year, CEO Patrick Allman-Ward said, according to Reuters. The investment will only come if Egypt repays Dana Gas some of its receivables, he added, explaining that the money would go towards an ongoing drilling program in Egypt where Dana has two […]