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US Vice President Mike Pence will kick off his Middle East tour with a stop in Egypt on 20 January, where he will meet with President Abdel Fattah El Sisi. A high-ranking delegation has already arrived in Cairo to prepare for Pence’s arrival. Pence will stop in Jordan and Israel on his tour of the […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
New textile production complex and Amr Adib’s ingenious solution to Egypt’s debt woes
The talking heads busied themselves with a range of topics, with no single issue dominating the conversation on the airwaves last night. Hona Al Asema’s Lamees Al Hadidi spoke to Trade and Industry Minister Tarek Kabil about the planned 3.1 mn sqm textile production complex, which is the fruit of a partnership between 25 Chinese […]
Posted inSpeed Round
Healthcare, pharma hot 2018 EGX picks
Egyptian stocks are above pre-float USD valuations: Healthcare and pharma stocks are poised to be the hottest picks on the EGX in 2018, CI Capital Asset Management money manager Khaled Darwish tells Bloomberg. Egyptian stocks have already surpassed the pre-EGP float valuations and the EGX30 advanced more than any other in the Middle East in […]
Posted inSpeed Round
BPE submits documents for February IPO
IPO WATCH- BPE submits documents for February IPO: BPE Partners has submitted the paperwork for initial public offering to the Financial Regulatory Authority (FRA) for approval, Chairman Hazem Barakat said yesterday, Al Mal reports. The company is planning to list around 35% of its shares on the EGX by the second half of February to […]
Posted inSpeed Round
El Garhy steel to list 25% of the company in 2H2018
IPO WATCH- El Garhy Steel’s planned IPO of 25% of its shares has been pushed back to 2H2018, Chairman Gamal El Garhy told Amwal Al Ghad on Sunday. The company had initially been gunning for sometime in 1Q2018, according to statements from El Garhy last year. It would appear that the company had settled on […]
Posted inSpeed Round
Abraaj hires EFG, Citigroup to manage IPO or sale of its North African hospital business
Abraaj hires EFG, Citigroup to manage IPO or sale of its North African hospital business: In a confirmation that Abraaj Group is indeed planning to divest stakes in its regional healthcare companies, the Dubai-based private equity firm has tapped EFG Hermes and Citigroup Inc. “to manage an initial public offering or sale of its North […]
Posted inSpeed Round
Egypt’s role indispensible in developing east Med gas hub -Butler
Egypt can once again become an energy exporter and “build on its existing role as one of the most important trading hubs in the region, ideally placed to link western and eastern markets,” Nick Butler writes for The Financial Times. “Egypt’s opportunity is that it finds itself at the crossroads of the emerging international trade […]
Posted inSpeed Round
Non-oil exports up 12% y-o-y in 2017
Egypt’s non-oil exports rose 12% y-o-y to USD 20.5 bn in 2017, according to a report from the Trade and Industry Ministry’s General Organization for Export and Import Control picked up by Youm7. Chemicals and fertilizer exports saw the biggest gain during the past 12 months, growing 32% to USD 4.4 bn, followed by exports […]
Posted inSpeed Round
Russia’s Aeroflot to operate its first flight from Moscow to Cairo on 3 February
Russian carrier Aeroflot will begin operating two weekly flights from Moscow to Cairo as of 3 February, Youm7 reports. The airline will offer the flights every Wednesday and Saturday, while EgyptAir will operate three weekly flights between the two capital cities on Sundays, Tuesdays, and Thursdays, a Cairo Airport Company source tells the newspaper. Russian […]
Posted inSpeed Round
El Sisi sends message of peace to Sudan, Ethiopia
“Egypt doesn’t conspire or meddle in anyone’s internal affairs,” President Abdel Fattah El Sisi said in a public address yesterday, where he attempted to send a reassuring message to both Ethiopia and Sudan that Egypt is unwilling to see tensions escalate further into conflict, keen as it is on “maintaining good relations” with its neighbors […]