Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
EARNINGS WATCH- Heliopolis Housing reported a 55% y-o-y decline in net profit after tax to EGP 59.2 mn in 1H2017/18, down from EGP 132 mn during the same period last year, according to a regulatory filing (pdf). The company explained that the dip in profit came as it paid for an EGP 63 mn plot […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Saudi purge looks set to meet its USD 100 bn target
Mohamed bin Salman’s self-styled corruption crackdown is nearing its target of USD 100 bn, as settlement talks with officials, princes, and businessmen caught up in the “anti-corruption probe” appear to be winding down, Bloomberg reports. Authorities have already agreed to drop charges against about 90 suspects, who were released, Attorney General Sheikh Saud Al Mojeb […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inEGYPT IN THE NEWS
Climate change, population growth threatening ancient Egyptian treasures -UN Environment
Topping coverage of Egypt on a ridiculously slow news day in the foreign press is still Ethiopia’s refusal to accept World Bank mediation in its dispute with Egypt on the Grand Ethiopian Renaissance Dam. Climate change and rapid population growth are threatening the survival of ancient Egyptian artifacts, according to a piece by UN Environment. […]
Posted inWorth reading
Could digital platforms spell the end of sales teams in corporate bond issuances?
Could digital platforms spell the end of sales teams in corporate bond issuances? Digital platforms are breaking into the traditional cycle that goes into a corporate bond issuance and could potentially wipe out fleets of sales forces at banks, Katie Linsell writes for Bloomberg. Traditionally one of the most robust sources of revenue for the […]
Posted inDiplomacy + Foreign Trade
Russia invites Egypt to attend Syrian National Dialogue Congress
Egypt has received a formal invitation from Russia to take part in the Syrian National Dialogue Congress in Sochi scheduled for late this month, TASS reports. Foreign Affairs Ministry spokesperson Ahmed Abu Zeid says the conference “will discuss the mechanism for achieving a political solution to put an end to the crisis in the country… […]
Posted inDiplomacy + Foreign Trade
Shoukry meets with host of Arab Foreign Ministers
Foreign Minister Sameh Shoukry met with his counterparts from the Arab Quartet during meetings for the Coalition to Restore Legitimacy in Yemen in Riyadh on Monday, according to an official ministry statement. The four sides also discussed Qatar and continued to press the 13 demands made of Qatar as the prerequisite to normalizing relations. Shoukry […]
Posted inDiplomacy + Foreign Trade
Abdel Aal calls for more investments in Egypt in meeting with Bahraini PM
House of Representatives Speaker Ali Abdel Aal met with Bahraini Prime Minister Khalifa bin Salman Al Khalifa on Monday, according to The Bahrain News Agency. Abdel Aal, who is leading a House delegation trip there, called for Bahrain to expand their investments in Egypt given recent economic reforms. This comes as South Korea sent its […]
Posted inDiplomacy + Foreign Trade
Sisi meets with the head of France's external intelligence service to discuss cooperation
President Abdel Fattah El Sisi met with the head of France's foreign intelligence service Bernard Emie in Cairo yesterday to discuss ongoing conflicts and challenges in the MENA region, according to an Ittihadiay statement. Ways to boost international counterterrorism efforts also came up during the discussion.
Posted inHealth + Education
FEI’s pharma division asks Health Ministry to “correct skewed pricing of meds”
Emboldened by last week’s “limited” price hike, the Federation of Egyptian Industries’ (FEI) pharma division has submitted a formal request to the Health Ministry to move meds prices once again, division member Mohy Hafez tells Al Borsa. According to Hafez, the division does not necessarily want to see the ministry raising prices across the board […]