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The Antiquities Ministry is going to document petroglyphs across the country, according to an official ministry statement. The project will document rare and hard to reach inscriptions in the rock in places like the Eastern Desert and the Sinai by taking high-definition pictures and noting coordinates. The project aims to help with preservation and the […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.66 | Sell 17.76EGP / USD at CIB: Buy 17.65 | Sell 17.75EGP / USD at NBE: Buy 17.65 | Sell 17.75 EGX30 (Monday): 15,243 (-0.6%) Turnover: EGP 1.3 bn (16% ABOVE the 90-day average) EGX 30 year-to-date: +1.5% THE MARKET ON MONDAY: The EGX30 ended Monday’s session […]
Posted inCALENDAR
22-23 January (Monday-Tuesday): Arqaam Capital Egypt Investors Conference 2018, The Vineyard Hotel, Cape Town, South Africa. 25 January (Thursday): 25 January revolution / Police Day, national holiday. 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. 05 February (Monday): Egypt’s […]
Posted inWhat We're Tracking Today
What we’re tracking on 22 January
We have plenty of IPO and M&A news leading the Speed Round this morning, which always makes us particularly happy. Stormy weather is set to sweep northern parts of the country today including Cairo, according to the national weather service, AMAY reports. High winds, dust storms and rain are all in the cards and could […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The IMF is expected to issue the report on its second review of Egypt’s economic reform program tomorrow afternoon. The IMF board had signed off on the results of the review in December, unlocking a USD 2 bn tranche of its USD 12 bn Extended Fund Facility to Egypt. The IMF is also due to […]
Posted inEnterprise+: Last Night’s Talk Shows
Talking heads continue to be preoccupied with political issues
Foreign affairs, including developments with our upstream neighbor and US Vice President Mike Pence’s visit to the region, continued to be of particular concern to most talking heads last night. Foreign Ministry spokesperson Ahmed Abou Zeid told Kol Youm host Amr Adib that Foreign Minister Sameh Shoukry got in touch with his Ethiopian counterpart to […]
Posted inSpeed Round
Eagle Capital hires EFG, Zulficar for restructuring of Egyptian Media Group
IPO WATCH- Eagle Capital has tapped EFG Hermes and Zulficar & Partners to act as financial and legal advisors on the restructuring of Egyptian Media Group (EMG), which Eagle Capital had acquired last month, unidentified sources tell Al Borsa. EFG Hermes had acted as the sole buy-side advisor to Eagle Capital in the acquisition, while […]
Posted inSpeed Round
EPPC move forward with USD 250-300 mn IPO in April -Saada
IPO WATCH- The Egyptian Propylene and Polypropylene Company (EPPC) has reportedly appointed EFG Hermes and Citibank to help it secure USD 800 mn in funding for its petrochemicals plant in Port Said, Egypt Country Head at Amwal AlKhaleej Karim Saada told Al Mal. Amwal AlKhaleej owns about 16.4% of EPPC’s shares. The details of the […]
Posted inSpeed Round
Beltone Financial has two IPOs in pipeline for this year
IPO WATCH- Beltone Financial has two IPOs in the pipeline for potential execution this year, one each in the consumer goods and industrial sectors, head of investment banking Mohamed El Akhdar tells Al Borsa. One of the companies is currently in the final phases of an acquisition in preparation for its listing on the EGX, […]