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Almost two-thirds of KFC’s 900 branches across the UK remained closed yesterday due to a shortage of chicken after “incomplete or delayed” deliveries by DHL, the Financial Times reports. The “operational issues” came less than a week after KFC replaced delivery company Bidvest with a three-way partnership with logistics provider DHL and previous partner Quick […]
Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
Azerbaijani Economy Minister Shahin Mustafayev is expected to arrive in Egypt tomorrow for talks on economic, technical, and scientific cooperation between the two countries, according to AzerNews. 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 […]
Posted inEnterprise+: Last Night’s Talk Shows
USD 15 bn gas pact with Israel dominates the debate on the airwaves
Business ruled the airwaves last night. Dolphinus Holdings’ USD 15 bn natural gas import agreement with Israel’s Delek Drilling and Noble Energy dominated the debate, causing a stir that had Oil Minister Tarek El Molla calling up the nation’s talking heads all night to explain how the deregulation of the natural gas industry will work. […]
Posted inSpeed Round
Dolphinus reportedly signs USD 15 bn natural gas agreement with Israel
Egypt just became the region’s premier energy hub. Delek Drilling and Noble Energy announced signing two binding agreements to export gas from Israel to Egypt via Dolphinus Holdings, according to Globes. “Egypt is becoming a real gas hub … This [agreement] is the first [transaction] of potentially more to come,” Delek Drilling CEO Yossi Abu […]
Posted inSpeed Round
Greek oil and gas producer Energean planning LSE listing to raise capital for expansion in the Mediterranean region
Speaking of Mediterranean gas, Greek oil and gas producer Energean is planning to list on the London Stock Exchange in March to raise USD 500 mn in capital “as it seeks to tap investor appetite in its gas prospects in the eastern Mediterranean,” which has been growing since Eni discovered the supergiant Zohr gas field […]
Posted inSpeed Round
Majid Al Futtaim to open 100 new Carrefour stores
INVESTMENT WATCH- MAF to open 100 new Carrefour stores in Egypt. Majid Al Futtaim (MAF) signed a cooperation protocol with the Investment Ministry and the National Service Projects Organization to open 100 Carrefour stores in industrial zones across Egypt. “This agreement comes in line with Majid Al Futtaim’s commitment towards the socio-economic development of Egypt […]
Posted inSpeed Round
Al Nouran Sugar to inaugurate first phase at new EGP 3.5 bn Sharqia facility in April
Al Nouran Sugar is expecting to inaugurate the first phase of its new EGP 3.5 bn sugar facility in Sharqia in April, Chairman Ashraf Mahmoud said, according to Al Borsa. Production is set to begin with the sugar beets harvest season, with the first phase of the project expected to have an annual production capacity […]
Posted inSpeed Round
Capital Markets Act amendments credit positive for banks -Moody’s
Amendments to the Capital Markets Act that pave the way for the launch of new financial products are credit positive for Egyptian banks, according to Moody’s Credit Outlook. The amendments “will deepen the financial markets in Egypt by facilitating sukuk issuance and investors’ ability to hedge, making the country a more appealing investment destination to […]
Posted inSpeed Round
FRA sets new service fees to process paperwork on capital market transactions
FRA sets new service fees to process paperwork on capital market transactions: Financial Regulatory (FRA) has set new service fees to push paper on capital market transactions including EGX listings, M&A transactions, and ownership transfers, Youm7 reports. For bourse listings, the FRA will take a fee equivalent to 0.002% of the value of the shares […]