05 March (Monday): Egypt’s PMI reading for February released. 05-07 March (Monday-Wednesday): EFG Hermes’ One on One Conference 2018, Atlantis, The Palm, Dubai, UAE. 06-07 March (Tuesday-Wednesday): The Sustainable Industrial Areas International Conference 2018, The Nile Ritz Carlton hotel, Cairo. 07-11 March (Wednesday-Sunday): ITB Berlin Convention, Berlin, Germany. 12-16 March (Sunday-Saturday): AmCham’s 40th Doorknock mission, […]
Author Archives: enterpriseam admin
What we’re tracking on 27 February 2018
We have plenty of news for you folks this morning, particularly on the M&A and investment front, where transactions announced, in the pipeline and contemplated are keeping our friends at the nation’s law firms very busy indeed. We have the details in this morning’s Speed Round, below: But first: The Finance Ministry will announce the […]
What we’re tracking this week
Meet me there: Hind El Hafez, our friend and the noted jewelry designer and artist, is helping organized the Cairo Artists Collective’s group exhibition “Meet Me There,” running through Friday, 2 March 2018 in Zamalek. The event features her latest collection of contemporary art jewelry and has as its special guest Spain’s Estela Saez Vilanova. […]
On the horizon
The 2018 international Sustainable Industrial Areas (SIA) International Conference is taking place in Egypt this year on Tuesday, 6 March at the Nile Ritz Carlton. The SIA conferences, which have taken place in China, Indonesia, India, Turkey, Mexico and Morocco, aim to bring principles of sustainability and emissions reduction goals to industrial areas as well […]
El Garhy talks IMF loan, inflation, and public sector wage raises on Masaa DMC
Finance Minister Amr El Garhy’s interview with Masaa DMC’s Eman El Hossary was the only topic of real interest on the airwaves last night. Egypt should receive the fourth tranche of its USD 12 bn extended fund facility from the IMF by the end of the current fiscal year in June, El Garhy said (watch, […]
We have a long run of investment and M&A news to get things moving this morning.
ADM, Cargill to form JV to run soy crushing facility in Borg El Arab
INVESTMENT WATCH- Half of the “ABCD” commodity giants are in bed together in Egypt as Archer Daniels Midland (ADM) partners with Cargill to run the latter’s soy crushing facility in Borg El Arab, the companies said in a joint press release on Monday. The pair will set up a joint venture that would own and […]
EKH studies investing USD 110 mn in North Sinai gas fields this year
INVESTMENT WATCH- Our friends at Egyptian Kuwait Holdings (EKH) could invest USD 110 mn this year in developing five natural gas wells in North Sinai, the company said in a bourse statement (pdf). Four of the wells the company is studying this year will be in the Camus gas field, and one in the Tao […]
Belgian, Egyptian JV looks to build EGP 8 bn phosphate complex—is this Evergrow / Borealis / EcoPhos?
INVESTMENT WATCH- Is this Evergrow / EcoPhos in an EGP 8 bn fertilizers JV? Two unnamed Egyptian and Belgian companies have formed a JV to establish a new EGP 8 bn fertilizer factory, Al Mal reports, citing unnamed sources. Under the agreement, the Egyptian partner would hold a 51% stake in the JV, while the […]