Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
The Industrial Development Authority (IDA) signed on Thursday contracts with Polaris Al Zamil and SDM to develop two 1.4 mn sqm industrial zones in Sadat City at an initial investment cost of EGP 500 mn, according to a Trade and Industry Ministry statement (pdf). Initial designs will be complete in three months’ time, while infrastructure […]
Author Archives: enterpriseam admin
Posted inTourism
Mena House Hotel rebrands as Marriott Mena House
The Mena House Hotel has officially been rebranded as Marriott Mena House, Marriott International announced. Marriott had signed a hotel management contract with the Egyptian General Company for Tourism and Hotels (EGOTH) earlier this month to manage the property, which is split between an historic palace and an attached modern hotel building. Marriott International “continues […]
Posted inBanking + Finance
NBE looking to secure USD 500 mn loan by June’s end
The National Bank of Egypt (NBE) is in talks with international financing institutions for a USD 500 mn loan by June’s end, chairman Yehia Aboul Fotouh told Bloomberg. NBE has already secured USD 1 bn in loans and is looking to add another loan package to improve its USD liquidity. Reports had emerged earlier this […]
Posted inEgypt Politics + Economics
Hisham Genena released on bail, Aboul Fotouh’s family denies allegations against him
Former top auditor Hisham Genena was released on EGP 15,000 in bail following an investigation into his claim that he holds incriminating evidence against the Supreme Council of Armed Forces (SCAF), Genena’s lawyer told Al Masry Al Youm. Genena is facing charges of spreading false news, harming the Armed Forces, and defaming former SCAF chief […]
Posted inNational Security
Military foils infiltration attempt on Libyan border, Zawahri calls on Egyptians to topple “apostate” government
The Egyptian army announced foiling an infiltration attempt on the border with Libya. The army also announced that security forces have killed 53 militants since the beginning of its security operation in Sinai last week, according to The Associated Press. Meanwhile, Al Qaeda leader Ayman El Zawahiri released a video statement over the weekend calling […]
Posted inON YOUR WAY OUT
On your Way Out on 18 February 2018
Egypt ranked 110 out of 113 countries in terms of rule of law in the World Justice Project's (pdf) 2017-18 index, outperforming only Afghanistan, Cambodia, and Venezuela. Egypt’s performance is the lowest in the region, with the United Arab Emirates coming out on top in the MENA region. The report’s rankings are based on “constraints […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.65 | Sell 17.75 EGP / USD at CIB: Buy 17.60 | Sell 17.70 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Thursday): 14,966 (+1.1%) Turnover: EGP 1.3 bn (15% ABOVE the 90-day average) EGX 30 year-to-date: -0.4% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
19 February (Monday): Pride Capital’s talk on Insurtech, Greek Campus, Tahrir Square, Cairo. 19-20 February 2018 (Monday-Tuesday): The Banking Tech North Africa, The Nile Ritz-Carlton, Cairo 17-21 February 2018 (Saturday-Wednesday): Women For Success - Women SME's "World of Possibilities" Conference, Cairo/Luxor. 20 February (Tuesday): The Third Annual Capital Markets Summit, InterContinental Cairo Semiramis, Cairo. 05 […]
Posted inWhat We're Tracking Today
What we’re tracking on 15 February 2017
Egypt is getting ready to tap the market again: The Finance Ministry will begin approaching investment banks in a few days for a planned sale of EUR-denominated bonds after successfully raising USD 4 bn in eurobonds, Finance Minister Amr El Garhy told Bloomberg. “The sale will ‘ideally’ take place in April, and Egypt will be […]