Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
EgyptAir is in talks with international banks to borrow USD 800 mn for the purchase of new aircrafts to upgrade their fleet, banking sources told Al Shorouk. The sources disclosed that amongst the institutions involved in the conversation are Citigroup and JP Morgan. EgyptAir is planning on spending a total of USD 5 bn to […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
Banque du Caire to launch mobile and internet banking this year
Banque du Caire is planning to launch mobile and internet banking services some time this year, bank sources tell Al Masry Al Youm. The bank is also looking to expand into retail banking, particularly personal and car loans, as well as credit cards, the sources add.
Posted inOther Business News of Note
UAE-based luxury items online boutique eyes Egypt market
Dubai-based start-up The Luxury Closet is is looking to expand into the Egyptian market, founder and CEO Kunal Kapoor tells Mubasher. The leading online boutique, which focuses on the GCC region, did not have Egypt in its original plans, but realised its potential after collaborating with some high-profile Egyptian “influencers,” he adds. The Luxury Closet […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6464 | Sell 17.7464EGP / USD at CIB: Buy 17.64 | Sell 17.74EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Sunday): 15,311 (+0.9%) Turnover: EGP 1.0 bn (11% ABOVE the 90-day average) EGX 30 year-to-date: +1.9% THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session […]
Posted inCALENDAR
29-30 January (Monday-Tuesday): Seamless North Africa, The Nile Ritz-Carlton, Cairo. 30 January-01 February (Tuesday-Thursday): CI Capital’s MENA Investor Conference, Four Seasons Nile Plaza, Cairo. 3-4 February (Saturday-Sunday): Egypt Investment Forum, Semiramis Intercontinental Hotel, Cairo. 05 February (Monday): Egypt’s Emirates NBI PMI reading for January announced. 08-11 February (Thursday-Sunday): Furnex & the Home international trade fair, […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 January 2018
With tomorrow’s deadline for nominations fast approaching, politics and the presidential election topped the conversation on Egypt in both the local and the foreign press over the weekend, and we can expect it to continue. Plenty of election drama took place during the three-day break, with President Abdel Fattah El Sisi officially filing paperwork to […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
CI Capital holds its MENA Investor Conference on Tuesday at the Four Seasons Nile Plaza. The Egypt Investment Forum, which is being heavily promoted by the Investment Ministry, will take place on Saturday at the Semiramis Intercontinental Hotel.
Posted inON THE HORIZON
On the horizon
A delegation of 22 British companies led by UK trade envoy Jeffrey Donaldson is visiting Egypt on 10 February, Egyptian British Chamber of Commerce member Ali Eissa tells Youm7. The delegation, which includes British MPs, seeks to form a tripartite trade agreement between the UK, Egypt and China to target exporting to African markets as […]
Posted inEnterprise+: Last Night’s Talk Shows
The latest in the presidential elections and efforts to curb illegal rice cultivation
The talking heads covered an array of topics last night, including the latest developments in the presidential elections and the government’s efforts to curb illegal rice cultivation. Hona Al Asema’s Lamees Al Hadidi was crestfallen over Khaled Ali’s withdrawal from the presidential race (which we recount in detail in Speed Round), and the fact that […]