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US Vice President Mike Pence will stop in Egypt this coming Saturday, 20 January, to meet with President Abdel Fattah El Sisi as part of a regional tour that will also take him to Jordan and Israel. Pence’s visit comes a few short days after Al Azhar’s two-day conference on Jerusalem. At a separate conference […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Talking heads are preoccupied with “Story of a Nation” conference
The talking heads were mostly preoccupied last night with the “Story of a Nation” conference that kicked off yesterday, where President Abdel Fattah El Sisi gave his state of the nation address (more on that in the Speed Round below). El Sisi’s address at the conference paid homage to the steps the Egyptian populace has […]
Posted inSpeed Round
Marubeni teams up with Masdar, Elsewedy to invest USD 900 mn in Egyptian wind parks
INVESTMENT WATCH- Marubeni teams up with Masdar, Elsewedy to invest USD 900 mn in Egyptian wind parks: Japan’s Marubeni Corp. signed an agreement with Abu Dhabi Future Energy Co. (Masdar) and Egypt’s Elsewedy Electric that will see it invest USD 900 mn in wind parks in Egypt, Bloomberg reports. The projects are expected to cost […]
Posted inSpeed Round
Cleopatra submits MTO for 100% of Nozha International Hospital
M&A WATCH- Cleopatra submits MTO for 100% of Nozha International Hospital: Cleopatra Hospitals Group has filed for Financial Regulatory Authority approval of a mandatory tender offer to acquire 100% of Heliopolis’ 110-bed Nozha International Hospital, according to an FRA statement posted by the bourse (pdf). Cleopatra has offered to pay EGP 90 per share for […]
Posted inSpeed Round
Careem enters talks with banks for potential IPO
IPO WATCH- Careem is in early talks with investment banks about a potential IPO, said people familiar with the matter. While an IPO is a“natural milestone” for Careem, the company is currently focused on expanding its operations to more markets, CEO Mudassir Sheikha tells Bloomberg. An IPO of Uber’s biggest rival in the Middle East […]
Posted inSpeed Round
President Abdel Fattah El Sisi delivers the state of the nation address
El Sisi delivers state of the nation address: President Abdel Fattah El Sisi gave his state of the nation address yesterday, outlining the accomplishments of his administration over the past four years, Ahram Online reports. The president has said that he would use reactions to the address to decide whether to run for reelection in […]
Posted inSpeed Round
EFG Hermes’ Egypt Day Conference wrapped up yesterday
El Sisi sends clear message on investment: Separately, President Abdel Fattah El Sisi told the investors this week that Egypt is now more than ever committed to sweeping away obstacles to investment, EFG Hermes said in a statement (pdf) wrapping its three-day Egypt Day conference in Cairo. Fund and portfolio managers with aggregate AUM north […]
Posted inSpeed Round
Egypt, Ethiopia agree to further cooperation, to sign a number of agreements today
Egypt and Ethiopia are expected to ink a number of “bilateral legal instruments” today at a meeting between President Abdel Fattah El Sisi ad Ethiopian Prime Minister Hailemariam Desalegn in Cairo, Foreign Minister Sameh Shoukry said yesterday, according to an official statement. The two leaders are expected to meet one-on-one before they inaugurate an Egyptian-Ethiopian […]
Posted inSpeed Round
Bashir orders Sudanese ambassador back to Cairo to resolve “pending issues”
Meanwhile: Sudanese President Omar Al Bashir has instructed Sudan’s ambassador to Cairo to resolve “the pending issues” with Egypt, according to Sudan News Agency. Al Bashir had recalled Ambassador Abdel Halim Abdel Mahmoud earlier this month “for consultations.”
Posted inSpeed Round
El Sisi signs into law amendments to Companies Act
LEGISLATION WATCH- President Abdel Fattah El Sisi signed into law amendments to the Companies Act that tweaks how sole proprietorships are handled under the law The law, which was published on the Official Gazette on Wednesday, also contains corporate governance regulations that will give boards of directors the right to suspend a member who divulges […]