Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
And, finally, best piece to come out of the too-early passing of the Cranberries’ Dolores O’Riordan is this meditation on music, parenting and age by Shireen Ahmed for Canada’s Globe and Mail. O’Riordan passed away unexpectedly at the age of 46 on Monday, according to the BBC, while in London for a recording session with […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The Transport Ministry is days away from announcing new railway ticket prices, which are expected to rise by 20-25% over multiple stages.
Posted inON THE HORIZON
On the horizon
The IMF will issue a report on its second review of Egypt’s economic reform program within the coming few weeks, Egypt Mission Chief Subir Lall told Al Mal. The IMF’s executive board had agreed last month to disburse USD 2.03 bn of Egypt’s USD 12 bn extended fund facility after concluding its review, which found […]
Posted inEnterprise+: Last Night’s Talk Shows
Fitch Ratings’ outlook revision and EFG Hermes’ Egypt Day Conference
Fitch Ratings’ revision of Egypt’s outlook to positive and EFG Hermes’ Egypt Day Conference were the most business-relevant topics of discussion on the airwaves last night. An upgrade in Egypt’s credit rating from any one of the ratings agencies is likely to happen sometime this year as economic reforms continue to bear fruit, Finance Minister […]
Posted inSpeed Round
Fitch revises Egypt’s outlook to ‘positive,’ affirms rating at ‘B’
Fitch revises Egypt’s outlook to positive, affirms rating at ‘B:’ Ratings agency Fitch has revised Egypt’s long-term foreign currency issuer default rating to ‘positive’ from ‘stable’ and affirmed the rating at ‘B.’ Fitch says macroeconomic stability in Egypt is starting to improve from a fragile state. Public finances will remain a key weakness of the […]
Posted inSpeed Round
FRA boss expects Capital Markets Act to be issued in February
LEGISLATION WATCH- The Capital Markets Act is expected to come out sometime in February, Financial Regulatory Authority (FRA) head Mohamed Omran said yesterday, Al Mal reports. The House’s Economics Committee had said in December that it was close to finalizing its review of the act — which should clear the way for a basket of […]
Posted inSpeed Round
German consultancy to conclude its assessment of Automotive Directive in one month
The German consultancy firm hired to advise on the redrafting of the Automotive Directive should complete its work within a month, sources familiar with the matter tell Al Masry Al Youm. Industrial Development Authority head Ahmed Abdel Razek had said last month that the final draft of the law — which would grant local assemblers […]
Posted inSpeed Round
Lexus coming to Egypt?
Lexus is coming to Egypt: In other auto industry news, Toyota Egypt has reportedly signed an agreement with Lexus — the luxury brand of parent company Toyota — to begin distributing Lexus vehicles in Egypt, Daily News Egypt reports.
Posted inSpeed Round
EPPC to invest USD 890 in Port Said expansion
INVESTMENT WATCH- The Egyptian Propylene & Polypropylene Company (EPPC) is reportedly planning to spend USD 890 mn over the next two years on expansion plans, Al Mal reports. The company has received the Irrigation Ministry's’ approval to acquire a 20-feddan land plot in Port Said for the project, which is expected to increase production to […]