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The Federation of Egyptian Industries (FEI) and the House Industrial Committee will discuss proposed amendments to the Public Procurement Law on Wednesday, Al Borsa reports. The law grants Egyptian products preferential treatment in government contracts and promotes local industry. The FEI will push to reduce the minimum quota of Egyptian products used in national projects […]
Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
The 2018 calendar of investor conferences gets underway next week. First up, our friends at EFG Hermes will host their annual Egypt Day, which gets underway next Monday at the Four Seasons Nile Plaza. Last year’s event saw institutional investors with more than USD 3.5 tn in assets under management attend President Abdel Fattah El […]
Posted inEnterprise+: Last Night’s Talk Shows
Expected hikes in railway ticket prices and Egypt’s water resource management top talking heads’ agendas
The expected hike in railway ticket prices led the conversation on the airwaves last night. Masaa DMC’s El Hosary also spoke to Transport Minister Hisham Arafat, who said that holding off until 2019 to raise railway ticket prices is not feasible. The price hikes are crucial to fund maintenance works worth EGP 55 mn and […]
Posted inSpeed Round
It’s ‘foreign policy day’ in Egypt as Cairo girds for Pence’s arrival — and engages with Khartoum, Asmara and Addis in a delicate regional dance
It’s going to be a day of foreign policy headlines in Egypt, if a spate of news yesterday and overnight is any indicator: US Vice President’s Middle East tour is back on this month: US Vice President Mike Pence’s delayed Middle East tour of Egypt, Jordan and Israel is back on for later this month, […]
Posted inSpeed Round
Elections committee announces timetable for 2018 presidential poll
Elections committee announces timetable for 2018 presidential poll: The National Elections Committee (NEC) announced yesterday at a press conference that Egyptians will head to the polls to elect a president on 26-28 March, Al Masry Al Youm reports. Egyptians abroad will cast their ballots roughly a week earlier, over a three-day period. Candidates must register […]
Posted inSpeed Round
House agenda includes legislation on new pharma regulator, ride-hailing apps, cybercrimes, victims of terrorism, quota for women in the judiciary, among others
LEGISLATION WATCH- The House of Representatives’ winter agenda includes legislation on new pharma regulator, ride-hailing apps, cybercrimes, victims of terrorism, quota for women in the judiciary, among others, according to stories out yesterday. Law establishing new pharma sector regulator with cabinet next week: A draft law establishing a regulator for the pharma sector will make […]
Posted inSpeed Round
Groupe SEB, Zahran Group to merge electrical appliances business in Egypt
M&A WATCH- French appliances manufacturer Groupe SEB announced that it is partnering with Egypt’s Zahran Group to merge their electrical appliances and cookware businesses in Egypt, the company announced in a statement on Monday (pdf). Groupe SEB hopes the new entity, Groupe SEB Egypt Zahran, will help strengthen and grow its local manufacturing base and […]
Posted inSpeed Round
Egypt forecast to be top orange exporter for 2017/2018
Egypt is forecast to be one of the world’s top two exporters of oranges for the 2017-18 season, according to an excellent report by the United States Department of Agriculture (pdf). The report has Egypt in second in a worst case scenario, even though in terms of production we are ranked sixth. Egyptian exports are […]
Posted inSpeed Round
TMG says 2017 sales highest since 2008, MNHD gets approval for Taj City
Talaat Moustafa Group Holdings announced what it says are its highest sales since 2008, saying in a note sent to the bourse that sales for 2017 clocked in at EGP 13.11 bn. The sales figure shows a 100.1% increase from 2016’s tally of EGP 6.55 bn. TMG says the sales figure is the largest since […]
Posted inSpeed Round
Next round in PPP school tenders to be launched this month
Next round of PPP school tenders to be launched this month with only four remaining bidders: The government plans to announce the next stage of the tender to develop and run 200 public-private partnership schools this month, sources tell Al Borsa. Four companies had qualified to submit their financial offers for the schools, including Middle […]