Author Archives: enterpriseam admin

Egypt might sign an export agreement to ship East Med gas to Europe as early as mid-2018: Egypt will sign a memorandum of understanding with the EU to export gas from the East Mediterranean through its liquefaction plants before mid-2018, said Oil Minister Tarek El Molla at the International Petroleum Week conference in London on […]

LEGISLATION WATCH- Bankruptcy Act now the law of the land: The Bankruptcy Act, which passed in the House of Representatives last month, is now officially the law of the land after it was published on the Official Gazette on Thursday. The Act effectively decriminalizes bankruptcy by abolishing prison sentences and allows companies more time and […]

LEGISLATION WATCH- “National dialogue” on pricing of medical services under universal healthcare act: The Health Ministry will reportedly begin holding “national dialogue” sessions next month to discuss the pricing of medical services offered under the new Universal Healthcare Act with different stakeholders from the public and private sectors. Sources tell Al Borsa that a ministry […]

INVESTMENT WATCH- Is Abdul Latif Jameel returning to Egypt’s renewables sector after a near two-year absence? Saudi conglomerate Abdul Latif Jameel is reportedly among 18 companies bidding on a 600 MW solar power plant in the West Nile area, sources close to the matter told Al Borsa on Thursday. The company was among severalpulled out […]

INVESTMENT WATCH- Phanes Group eyeing potential solar power projects in Egypt worth USD 200 mn: Dubai-based solar energy developer Phanes Group is eyeing new projects in Egypt in the first phase of a plan to invest USD 200 mn in the region’s renewable energy sector, CEO Martin Haupts tells The National in an interview. The […]

MOVES- Osama El Sheikh submitted his resignation as chairman and CEO of Egyptian Media Group (EMG) after a brief run, Al Shorouk reports. El Sheikh will be succeeded by Tamer Morsi at the Eagle Capital-owned group. Eagle Capital Chairperson Dalia Khorshid said Morsi will bring over 25 years of media and advertising experience to EMG.

MOVES- Khaled Bichara has stepped down from the board of Orascom Telecom and Media Technology, according to a company statement. Bichara currently serves as the chairman of Dada.it and the co-CEO of Accelero Capital.

MOVES- Banque du Caire has appointed Hazem Hegazy as deputy chairman starting March, sources tell Al Masry Al Youm. Hegazy joins Banque du Caire from the National Bank of Egypt (NBE), where he was the head of retail banking and SMEs.