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We’re keeping a close eye on the fallout from the deadly attack on a North Sinai mosque on Friday, which claimed at least 305 lives, including 27 children, and injured some 128 others. The assailants were flying the Daesh flag, the Prosecutor General’s Office says, but the terror group has yet to officially claim responsibility […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
It’s a four-day workweek: The EGX and public sector are taking the day off this Thursday in observance of the Prophet Muhammad's birthday, which formally falls on Friday 1 December. The central bank has yet to weigh in on whether banks will be taking the day off, but the if the EGX is closed… Enterprise […]
Posted inON THE HORIZON
On the horizon
The RiseUp Summit kicks off this coming Friday, 1 December (tap here for the agenda).The three-day event will include more than 150 speakers, 150 exhibiting start-ups, 50 pitches, and 20 workshops. Our friends at AmCham are hosting a conference on the Private Sector’s Role in Implementing Sustainable Development Goals on 4-5 December. Organized in conjunction […]
Posted inEnterprise+: Last Night’s Talk Shows
Terror attack in North Sinai dominates the airwaves
Friday’s deadly terror attack on North Sinai’s Al Rawda Mosque, which left 305 civilians dead, topped the airwaves last night. Four of more than 100 injured are in critical condition, Health Ministry spokesperson Khaled Megahed told Masaa DMC’s Eman El Hosary. The remainder are all stable and undergoing surgeries as needed. Tahya Misr Fund Executive […]
Posted inSpeed Round
305 killed, 128 others injured in “bloodiest attack in Egypt’s modern history”
305 civilians, including 27 children, were murdered at Friday prayers in what is being widely described as the bloodiest terrorist attack in Egypt’s modern history. The death toll from the attack on Al Rawda Mosque in North Sinai’s Bir El Abd on Friday rose to 305 yesterday, including 27 children, the state news agency reports, […]
Posted inSpeed Round
Nile Air CEO says airline will IPO at the end of 2018
IPO WATCH- Airline Nile Air’s IPO is back on, with its CEO Ahmed Ali announcing that it will take place towards the end of 2018, Al Mal reports. The company, which had said it would IPO 30% of its shares this year, had delayed the listing due to macroeconomic developments in 2016 and 2017, including […]
Posted inSpeed Round
EGX executes MTO on NCMP
M&A WATCH- The mandatory tender offer for shares of the National Company for Maize Products (NCMP) was executed on Thursday on the EGX. Cairo Three A bought 28.8 mn shares of NCMP at EGP 51 per share for a total value of EGP 1.47 bn.
Posted inSpeed Round
Automotive Directive will be issued in early 2018 -Kabil
Automotive Directive to be issued in early 2018? The Automotive Directive will “see the light” in early 2018, Trade and Industry Minister Tarek Kabil said yesterday, Al Borsa reports. The government is now putting the “final touches” on the draft law and should be sending it to the House of Representatives for review by the […]
Posted inSpeed Round
Mansour Group-led consortium wins distribution rights for Peugeot cars
Also from the land of cars this morning: Mansour Group-led consortium wins distribution rights for Peugeot cars: The Peugeot-Citroen arm of Groupe PSA has reportedly selected a consortium of Mansour Group and Dubai-based Scope Investment to be its licensed distributor of Peugeot vehicles in Egypt, Al Borsa reports. The decision follows reports that emerged last […]