This publication is proudly sponsored by
Author Archives: enterpriseam admin
What we’re tracking this week
Sudan and Egypt’s foreign ministers and intelligence service chiefs will meet in Cairo tomorrow to resolve “outstanding issues” between Cairo and Khartoum. The Pyeongchang Olympics open on Friday. Norway, Canada and the United States are broadly expected to top the overall medal standings, with Germany forecast to take home the most gold medals. And yes, […]
On the horizon
The London Business School is holding its annual Middle East Conference on 2 March. Speakers this year will include Qalaa Holdings Chairman Ahmed Heikal and founding partner of Zulficar & Partners Mona Zulficar.
Global stock market performance featured prominently on the airwaves
The downturn in global stock markets featured prominently on the airwaves last night as the nation’s talking heads appeared to finally grown tired of obsessively dissecting political updates. The EGX’s slump yesterday was a natural reflection of global market conditions, Rasmala Egypt Asset Management Chairman Ahmed Abu El Saad told Hona Al Asema’s Lamees Al […]
CBE to start loosening monetary policy “soon” - Amer
CBE to start loosening monetary policy “soon”: The central bank plans to start easing monetary policy “soon” once it is sure that inflation is under control, CBE Governor Tarek Amer said at a press conference on Tuesday on the sidelines of the Seamless North Africa digital and fintech conference. “We want to make sure inflation […]
Bidding war for Cook’s Industries?
M&A WATCH- Are we seeing a bidding war for baking ingredients manufacturer Cook's Industries? There appears to a number of potential contenders to acquire Egyptian food manufacturer Cook’s Industries amid reports that the founding shareholders, the Paraskevas family, are interested in selling their entire stake. Emerging markets private equity giant Actis has reportedly begun conducting […]
Capital Markets Act hearings start at House Economics Committee
LEGISLATION WATCH- Capital Markets Act. The Economics Committee of the House of Representatives began discussions yesterday on amendments to the Capital Markets Act, Ahram Gate reports. The committee invited Financial Regulatory Authority head Mohamed Omran to attend the hearing. Beyond introducing new financial instruments such as sukuks, futures trading and the setting-up of a commodities […]
Procedures between EgyptAir and Aeroflot behind delay in resumption of flights
Procedures between EgyptAir and Aeroflot behind delay in resumption of flights: All that remains for the resumption of flights between Moscow and Cairo was for Aeroflot and EgyptAir to agree on procedures and details among themselves, Egypt’s ambassador to Russia, Ehab Nasr, said on Tuesday. President Vladimir Putin has already authorized the resumption of regular […]
Contracts for Russian Industrial Zone to be signed in March
As for the Russian Industrial Zone (RIZ), look for contracts establishing it to be signed in March, spokesperson for the Russian Industry and Trade Ministry Zalina Kornilova said on Tuesday, according to Russian news agency RIA Novosti (Russian). Both governments have agreed on a draft of the intergovernmental agreement which would set up the RIZ […]
Soha El Turky resigns as ADIB CFO
MOVES- Abu Dhabi Islamic Bank Egypt (ADIB) says Soha Ali El Turky has resigned as CFO, according to a regulatory filing (pdf). El Turky’s resignation is effective starting 21 February.