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Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
US Secretary of State Rex Tillerson is due in Cairo today ahead of a meeting with Foreign Minister Sameh Shoukry tomorrow, Al Masry Al Youm reports. Talks will focus on bolstering bilateral ties and advancing cooperation on “key regional issues,” according to the State Department. Tillerson is expected to offer US help on counterterrorism and […]
Posted inEnterprise+: Last Night’s Talk Shows
Armed Forces’ “Sinai 2018” operation reigns supreme on the airwaves
The Armed Forces’ sweeping anti-terror operation in Sinai over the weekend had the nation’s talking heads buzzing on the airwaves last night. Hona Al Asema’s Lamees Al Hadidi spoke to Supreme Anti-Terrorism Council member Khaled Okasha, who denied rumors that the military campaign has resulted in civilian casualties. He said it took months to plan, […]
Posted inSpeed Round
Inflation drops to 17.1% in January
Monetary policy victory lap time? Annual inflation dropped to 17.1% in January from 21.9% in December, CAPMAS announced on Thursday, according to Reuters. Core inflation also fell to 14.35% from 19.86% a month earlier. The CAPMAS report notes that vegetable prices dropped by 3.3% m-o-m nationwide, with food overall dropping 0.5% m-o-m. Finance Minister Amr […]
Posted inSpeed Round
El Sisi calls for establishing a life insurance system for private sector workers
El Sisi calls for life insurance system covering private-sector workers: President Abdel Fattah El Sisi called on Thursday for the establishment of a life insurance scheme for private sector workers, according to a statement from Ittihadiya. El Sisi proposed that workers pay EGP 500-2,500 into the system, and would receive payouts of up to 100x […]
Posted inSpeed Round
Shuaa Capital formally launches in Egypt this week, wants to become “biggest in the region
Shuaa Capital opening in Egypt, has plans to be the “biggest in the region” in capital markets, CEO Fawad Tariq Khan told Bloomberg’s Tracy Alloway. Shuaa is now focusing on its core business of investment banking, capital markets, asset management, and credit. Shuaa is formally launching its Egyptian office this week as part of its […]
Posted inSpeed Round
Citigroup expects stellar 2018 in MEA investment banking
Citigroup expects 2018 to be its best year for investment banking in the Middle East and Africa in at least a decade, MEA Head of Investment Banking Miguel Azevedo told Reuters. Citigroup expects growth to be led by Saudi Arabia, but Nigeria, Egypt, and the United Arab Emirates would also be among the top growth […]
Posted inSpeed Round
Egypt is doing “extremely well,” Mohamed Alabbar tells CNBC
Egypt is doing “extremely well,” Mohamed Alabbar tells CNBC: The Middle East has plenty of development opportunities despite geopolitical tensions and difficulties doing business, Emaar Properties Chairman Mohamed Alabbar told CNBC. “My view is that Morocco is doing well for us, I would say Egypt is doing extremely well; Saudi Arabia with all the restructuring […]
Posted inSpeed Round
Saudi’s Elaj Group eyes Siag Pyramids Hotel, will convert it into specialist hospital
INVESTMENT WATCH- Saudi Arabia’s Elaj Group is eyeing the defunct Siag Pyramids Hotel in Haram with a view to converting the building into a specialist hospital, unidentified sources close to the matter tell Al Mal. The hotel, which was repossessed in 2010 after its owners failed to repay loans owed to several banks, was most […]
Posted inSpeed Round
Ezdehar acquires 60% stake in Global Lease
M&A WATCH- Ezdehar acquires majority stake in Global Lease Co: Ezdehar Egypt Mid-Cap Fund signed yesterday an agreement with Wadi Degla Holding Company to acquire 60% of the latter’s Global Lease Company, Al Mal reports. Ezdehar’s limited partners include the European Bank for Reconstruction and Development, the CDC Group, Dutch development bank FMO, and Egyptian […]