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2017 is coming to a close. We’d like to wish our readers a very happy New Year. This will be our final issue of Enterprise for 2017. The banking sector and EGX are officially off this coming Monday in observance of the first day of the New Year, state news agency MENA reports.We’ll be taking […]
Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
Prime Minister Sherif Ismail is reportedly returning to work very soon now that he’s back from Germany, where he had been receiving medical treatment.
Posted inEnterprise+: Last Night’s Talk Shows
Talk shows back in full swing next week
Our coverage of Last Night’s Talk Shows will be back in full swing next week in our first 2018 edition. Stay tuned.
Posted inSpeed Round
EBRD lends Egypt USD 200 mn to improve natural gas infrastructure
The European Bank for Reconstruction and Development (EBRD) is lending Egypt USD 200 mn to “finance the modernization of selected gas infrastructure facilities.” The EBRD loan “will be extended to the Egyptian Natural Gas Holding Company (EGAS) and its subsidiary Egyptian Natural Gas Company (GASCO) to fund the introduction of state-of-the-art technologies to recover waste […]
Posted inSpeed Round
AT Lease shares begin trading on the EGX
IPO WATCH- Al Tawfik Leasing Co. (AT Lease) shares officially start trading on the EGX today, making it the single company of its kind to be listed on the Egyptian bourse. The final price was set at EGP 6.6 per share. AT Lease’s institutional offering, valued at EGP 95.04 mn for 14.4 mn shares, was […]
Posted inSpeed Round
NMC in talks to acquire Alameda Health Care
M&A WATCH- UAE-based hospital group NMC Healthcare is reportedly in talks to acquire Alameda Healthcare, sources told Al Mal. Fahad Khater’s Alameda owns shares in the Dar Al Fouad and As-Salam International Hospitals in Egypt. The transaction could be executed through share-swap through which NMC would take over Alameda and its shareholders would get shares […]
Posted inSpeed Round
El Sewedy Electric subsidiary awarded tender for electricity transmission lines
A subsidiary of El Sewedy Electric was awarded the tender to provide electricity transmission lines connecting Borg El Arab with Marsa Matrouh, according to a bourse disclosure. The lines will be 255 km long, El Sewedy added. The company said the project will be developed over six months.
Posted inSpeed Round
Egypt looks to hire international inspectors to examine agricultural cargo marked for export
The Agricultural Exports Council is looking to hire Spanish or Dutch inspectors to examine Egyptian cargo for residual pesticides before it’s shipped for export, council head Abdel Hamid El Demerdash tells Al Borsa. Negotiations are ongoing with labs from both countries that have already submitted offers and an agreement will be signed soon, he added, […]
Posted inSpeed Round
GASC buys 180k tonnes of Russian wheat in global tender
The General Authority for Supply Commodities (GASC) purchased 180k tonnes of Russian wheat in an international tender yesterday. GASC refused to disclose additional detail on the transaction, but traders tell Reuters’ Arabic service that the authority purchased 120k tonnes at a total cost of USD 207.5 per tonne and another 60k tonnes at a total […]