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Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
Our friends at EFG Hermes are hosting their 14th annual One on One Conference in Dubai on Monday, 5 March. The three-day event is the largest investor conference globally focused on frontier and emerging markets and will bring together some 175 companies for discussions on what a year of shifting benchmarks — including oil production […]
Posted inEnterprise+: Last Night’s Talk Shows
Israel gas agreement continues to dominate the debate on the airwaves
The nation’s talking heads remained happily obsessed with the USD 15 bn natural gas import agreement with Israel. Kol Youm’s Amr Adib said people are starting to develop a better understanding of the scope of the agreement that Dolphinus Holdings signed with Noble Energy and Delek this week. He downplayed any notions about normalization with […]
Posted inSpeed Round
Israel gas deal supports Egypt’s economic momentum
The Oil Ministry dropped its biggest hint yet that the government will approve a USD 15 bn pact to import gas from Israel. “The agreement between [Noble Energy, Delek and Dolphinus] to import gas from Israel will be subject to Egyptian regulations governing gas imports,” Oil Ministry spokesperson Hamdy Abdel Aziz said in a statement […]
Posted inSpeed Round
Egypt to make next arrears payment in March
Egypt to pay IOCs USD 250 mn next month after USD 300 mn payment last week: Also on the energy front, Egypt paid international oil companies USD 300 mn in arrears just last week, EGPC CEO Abed Ezz El Regal told Al Borsa on Tuesday. This would bring Egypt’s total arrears down to USD 2.1 […]
Posted inSpeed Round
EKH expands its natural gas investments
INVESTMENT WATCH- EKH expands its natural gas holdings: Egyptian Kuwait Holding (EKH) announced that it has raised its stake in NSCO Investments Limited, which owns an offshore gas field in Northern Sinai, through a subsidiary. The EKH unit paid USD 20 mn to raise its stake in NSCO to 99.99% from 40%, EKH said in […]
Posted inSpeed Round
ExxonMobil Egypt to invest USD 60 mn in Egypt
INVESTMENT WATCH- ExxonMobil Egypt plans to invest USD 60 mn in Egypt, the head of ExxonMobil MENA’s Lubricants unit Hisham El Amroosy told Al Mal. His statements came on the sidelines of the launch ceremony of the company’s new high quality 95-octane benzene.
Posted inSpeed Round
Stocks to see gains from interest rate cuts
Egyptian stocks are set to outperform emerging-market peers as interest rates drop, Tamim Elyan and Filipe Pacheco write for Bloomberg. “Investors are likely to scour the stock market to replace returns from high-yielding deposits,” following the central bank’s move to cut rates by 100 bps. “Last week’s decision may be the first of several rate […]
Posted inSpeed Round
Investments, CAPEX in food industries sector reached EGP 500 bn in 2017 -FEI
Investment and CAPEX in the food industries sector reached EGP 500 bn in 2017, head of the food industries division at the Federation of Egyptian Industries Ashraf El Gazayerli said at the Gulf Foods expo, Al Masry Al Youm reports. El Gazayerli had said earlier this week that he expects the sector to grow 8-10% […]
Posted inSpeed Round
Egypt’s law firms plan to grow M&A, IPO practices, look to expand abroad
Egypt’s law firms are looking to grow their M&A and IPO practices, planning expansions abroad: Managing partners at some of Egypt’s top law firms spoke to Al Borsa about their year to come. Matouk Bassiouny is currently working on as many as 30 M&A transactions in Egypt, Managing Partner Omar Bassiouny said. The firm is […]