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The 2018 calendar of investor conferences gets underway next week. First up, our friends at EFG Hermes will host their annual Egypt Day next Monday at the Four Seasons Nile Plaza. This year’s event will begin with the firm’s annual CEO dinner. Arqaam Capital will then hold its Egypt Investors Conference 2018 on 22 January. […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Last night’s talk shows were all about the presidential elections
The airwaves were saturated last night with discussion of the upcoming presidential election after the National Elections Committee (NEC) officially opened the door for citizens to fill out endorsement ballots for potential candidates. Activist Khalid Ali will make a final decision on his candidacy within two days, the head of his presidential campaign Hala Fouad […]
Posted inSpeed Round
House gives preliminary nod to Bankruptcy Act
LEGISLATION WATCH- House gives preliminary nod to Bankruptcy Act: The House of Representatives gave a preliminary nod to the Bankruptcy Act during a session of the general assembly yesterday that saw Investment Minister Sahar Nasr in attendance, Al Mal reports. The bill, a key element of the Sisi administration’s economic reform program, would effectively decriminalize […]
Posted inSpeed Round
Abraaj mulling healthcare listing on LSE and NYSE
IPO WATCH- Is emerging markets private equity giant Abraaj looking to list its Middle East healthcare subsidiaries in London or New York? The Abraaj Group is reportedly mulling the London Stock Exchange and the New York Stock Exchange as venues on which to list its Middle East healthcare investments, according to Al Borsa in a […]
Posted inSpeed Round
Consortium including Arafa Group, Dice bids for USD 324 mn Minya textile city project
INVESTMENT WATCH- Consortium including Arafa, Dice bids for USD 324 mn Minya textile city project: A consortium that includes Arafa Group, Dice Sports and Casual Wear, Giza Spinning and Weaving, Nile Co., and the Tahya Misr Fund have submitted a request to the General Authority for Freezones and Investment (GAFI) to construct the Minya textile […]
Posted inSpeed Round
Zahran Group begins restructuring ahead of M&A with Groupe SEB in 2Q2018
M&A WATCH- Zahran Group begins restructuring ahead of merger with Groupe SEB in 2Q2018: Zahran Group has spun-off its real estate holdings into a separate entity ahead of merging its electrical appliances unit with that of Groupe SEB Egypt’s operations. Zahran and Groupe SEB had announced on Monday that they would be merging their appliances […]
Posted inSpeed Round
Car dealers see car prices decreasing slightly, if at all, in 2018
Car dealers and distributors expect auto prices to decrease only slightly — if at all — in 2018, a number of them tell Ahram Gate. Car prices are influenced by a number of factors, such as regular inflation in their countries of origin and the EGP-USD exchange rate, which means that prices will not drop […]
Posted inSpeed Round
Linklater, ZHP to advise banks on eurobond issuance
Linklater LLP and Zaki Hashem & Partners have been chosen as legal advisors to the banking consortium that will manage Egypt’s planned USD 4 bn bond issuance, according to an emailed statement. HSBC, Citigroup, JPMorgan Chase & Co, Morgan Stanley, and National Bank of Abu Dhabi will be managing the issuance, as announced at the […]
Posted inSpeed Round
Egypt pays USD 700 mn in debt owed to Paris Club
Egypt paid back USD 700 mn in debts it owed to the Paris Club this week, the central bank announced yesterday in a statement carried by Ahram Online. The government had announced earlier this month that it was planning to pay off more than USD 12 bn in debts to international creditors in 2018. The […]
Posted inSpeed Round
Tourism Ministry expecting 2 mn Russian tourists this year
The Tourism Ministry is expecting 2 mn Russian tourists to visit the country this year, an source in the ministry told Reuters on Tuesday. He added that expectations are for more than 150k Russians to visit in the first quarter of the year before the resumption of flights to coastal cities in April. To that […]