Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The central bank’s Mortgage Finance Fund has signed agreements with Credit Agricole and Faisal Islamic Bank that will see them make EGP 500 mn and EGP 200 mn, respectively, available to financing housing purchases for the mid- and low-income segment, Al Borsa reports.
Author Archives: enterpriseam admin
Posted inBanking + Finance
Global Lease looking to borrow EGP 1 bn
Global Lease is in talks with a number of unnamed banks to secure EGP 1 bn in financing for its continued expansion, CEO Hattem Samir said in statements carried by AMAY. Meanwhile, the leasing outfit has plans to increase its capital to EGP 200 mn from its current EGP 112.5 mn.
Posted inEgypt Politics + Economics
Court uphold three death sentences over police officer killing
The Court of Cassation upheld yesterday three death sentences handed down over the 2013 killing of a senior officer during a police raid on militant hideouts in Kerdasa, Ahram Online reports. The court also commuted four other death sentences to life imprisonment in the same case and confirmed 10-year prison sentences given to five others.
Posted inSports
Salah reportedly in talks with Real Madrid
Reports have emerged that Mohamed Salah is in talks with Real Madrid, according to the Daily Star. A Spanish journalist reported that Salah’s agent, Ramy Abbas Issa, was in Madrid for talks, adding to recent speculation about a move for the forward. Salah’s former teammate Coutinho added to the chatter by telling current Barcelona teammate […]
Posted inON YOUR WAY OUT
Egyptian bands going international
Contemporary Egyptian bands are gaining some international traction with “El Ayadi El Khafeyya” (The Invisible Hands) booking a spot in the Berlin International Film Festival (Berlinale) running from 15 February for 10 days, according to Egypt Today. The Berlinale will feature a documentary about the band, chronicling band member Alan Bishop’s experience as a stranger […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.66 | Sell 17.76EGP / USD at CIB: Buy 17.64 | Sell 17.74EGP / USD at NBE: Buy 17.65 | Sell 17.75 EGX30 (Thursday): 15,411 (+1.4%) Turnover: EGP 1.7 bn (53% ABOVE the 90-day average) EGX 30 year-to-date: +2.6% THE MARKET ON THURSDAY: The EGX30 ended Thursday’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 18 January 2018
The results are in: 2017 was a really good year in which to do business in Egypt — and 2018 is going to be even better, the results of our 4Q2017 survey showed. 63.2% of our readers report that 2017 was good for business. Execs are more optimistic about the prospects for their businesses in […]
Posted inWhat We're Tracking Today
The rest of What We’re Tracking Today on 18 January 2018
President Abdel Fattah El Sisi will sign cooperation agreements with Ethiopian Prime Minister Hailemariam Desalegn today after the two leaders hold talks that are expected to cover, in part, the impasse over the Grand Ethiopian Renaissance Dam. Trade ties are also on the agenda, and the two leaders are scheduled to attend the day’s meeting […]