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Investment outfit Eagle Advisors is planning to advise on an IPO of an unnamed agrifoods company in 2018, in a transaction worth EGP 400 mn, Chairman Yasser Emara tells Al Masry Al Youm. The company hopes to begin listing procedures before the end of 1Q2018, he added.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Egyptian man builds best “igloo” in Russia
A snowball’s chance in Egypt: A young Egyptian architect has won a competition for building the best Igloo in Russia, Masrawy reports. Sohaib Mohamed and his team raised the Egyptian flag over the mountain-top Igloo, where they spent two nights in sub-zero temperature.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5661 | Sell 17.6661 EGP / USD at CIB: Buy 17.56 | Sell 17.66 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Thursday): 16,472 (+0.5%) Turnover: EGP 1.5 bn (32% above the 90-day average) EGX 30 year-to-date: +9.7% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
12-13 March (Monday-Tuesday): French business union MEDEF’s delegation visit to Egypt. 12-16 March (Monday-Friday): AmCham’s 40th Doorknock mission, Washington D.C., USA. 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): […]
Posted inWhat We're Tracking Today
What we’re tracking on 08 March 2018
Greetings from Dubai, where we will shortly join every listed company from Omm El Donia in boarding planes back home to spend the weekend with family. Today, we have the next-to-last installment of our coverage from here in the form of an interview with EFG Hermes Frontier boss Ali Khalpey. On Sunday, we’ll bring you […]
Posted inWhat We're Tracking Today
Barbie unveils new line of “inspiring women” dolls
Today is International Women’s Day. Barbie-maker Mattel marked the occasion by releasing a new line of Barbie dolls based on real women who have made history and serve as inspirational role models for young girls. The 17-doll lineup includes the likes of acclaimed Mexican artist and activist Frida Kahlo, body activist and model Ashley Graham, […]
Posted inON THE HORIZON
On the horizon
Infinity Solar is scheduled to inaugurate its 50 MW solar power plant in Benban, Aswan next week. Infinity has already conducted trial operations and connected the plant to the national grid, making it the first company to complete a solar power plant under the feed-in tariff program, according to CFO Mohamed Shehata. Electricity Minister Mohamed […]
Posted inEnterprise+: Last Night’s Talk Shows
Tourism, presidential elections, and RIZ on last night’s talk shows
It was a night of miscellany on the airwaves last night as the talking heads shuffled between topics, including updates from the ITB Berlin tourism expo, the presidential elections, and the Russian industrial zone. Although security is still a significant concern in the minds of tourists when they consider travel to Egypt, there is a […]
Posted inSpeed Round
Tourists, hotel chains are returning to Egypt
Egypt, Turkey, and Tunisia are making a comeback as popular tourist destinations after a period of political instability marked with terror attacks over the past few years, according to Expatica. “A period of relative calm has tempted tourists to set their fears aside and rediscover these classic destinations, lured by the promise of sun, sea […]