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LEGISLATION WATCH- Cabinet to get executive regulations for the Universal Healthcare Act by week’s end: Health Minister Ahmed Rady is due to present the executive regulations to the newly-passed Universal Healthcare Act by the end of the week, the minister said yesterday, Al Masry Al Youm reports. Rady confirmed the law would be put into […]
Author Archives: enterpriseam admin
Posted inSpeed Round
EGAS to hold exploration tender for nine blocks by June
EGAS to hold exploration tender for nine blocks by June: EGAS plans to hold an international exploration tender for nine blocks “before the end of 1H2018,” EGAS Vice Chairman for Agreements and Exploration Ahmed Salah Abdel Wahed said on Thursday, Youm7 reports. The tender includes six offshore and three onshore blocks. Though he did not […]
Posted inSpeed Round
Environment Ministry signs MoU to establish garbage collection holding company
Gov’t launches sanitation services holding company, will offer stakes to investors: The Environment Ministry signed on Thursday an MoU with the National Bank of Egypt, Banque Misr, National Investment Bank, and the Maadi Company for Engineering Industries to establish a garbage collection holding company, Al Shorouk reports. The government is expected to hold a 51% […]
Posted inSpeed Round
USD 350 mn state-of-the-art medical city to be established in Matrouh
INVESTMENT WATCH- USD 350 mn medical city to be established in Matrouh: Two unnamed companies from the US and UAE have partnered up to build a world-class medical city in Matrouh at an investment cost of USD 350 mn, Matrouh Governor Alaa Abu Zeid tells Al Shorouk. The project, which will be run by the […]
Posted inSpeed Round
Aton Resources appoints new Advisory Board member, Egypt’s new Permanent Representative to the United Nations assumes duties in New York
MOVES- Gold miners Aton Resources announced it has appointed Ahmed Mehelmy to its Advisory Board. Mehelmy currently runs Fortune Financial Team, a corporate finance advisory firm that he founded in 1996. MOVES- Mohamed Edris has arrived in New York to assume his duties as the new Permanent Representative of Egypt to the United Nations, succeeding […]
Posted inSpeed Round
Dubai stocks trading at cheaper valuations than Cairo
Stocks in Dubai are showing the biggest discount when compared to the EGX 30 in almost three years, Filipe Pacheco writes for Bloomberg. “A rally in Egyptian stocks since the country’s 2016 currency float made its benchmark the best performer in the Middle East last year, while a lack of positive catalysts has weighed on […]
Posted inSpeed Round
Nigeria closes bond issuance after Egypt re-opens market for EM debt
You’re welcome, Nigeria: Nigeria sold USD 2.5 bn in eurobonds on Thursday as it sought to lower funding costs by using the notes to refinance higher-yielding naira debt, Bloomberg reports. Nigeria issued USD 1.25 bn of 12-year bonds with a yield of 7.14 % and a separate 20-year tranche, also USD 1.25 bn, at 7.7%. […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
The “sidelines” of the presidential elections getting coverage from the international press
The real drama in Egypt’s presidential elections is not surrounding the candidates, but on the sidelines, Tarek El Tablawy writes for Bloomberg. El Tablawy was commenting on the arrest of former presidential candidate Abdel Moneim Aboul Fotouh, who, according to the Associated Press, has been referred to state security prosecutors for questioning. “Officials say prosecutors […]
Posted inWorth watching
Is Mohamed Salah the cure for Islamophobia?
Is Mohamed Salah the cure for Islamophobia? Liverpool fans have been belting a new chant vowing to become Muslim and go to the mosque if Salah keeps up his stellar performance with the Premier League team this season (watch, runtime 0:28). The song is a stark departure from British fans’ often discriminatory behavior, showing their […]