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WEATHER- It looks like it is going to rain today in Cairo, even though temperatures are still expected to break north of 30°C. Don’t let the weather get you down — tomorrow is still looking an awful lot like Christmas: The new Assassin’s Creed: Origins is out tomorrow. It’s set in Ancient Egypt. Check out […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Our daily roundup of Last Night’s Talk Shows will wrap its weeklong hiatus and be back on Sunday.
Posted inSpeed Round
Cabinet signs off on Investment Act regs, Universal Healthcare Act
We now officially have an Investment Act: The Ismail cabinet had a busy day on Wednesday, approving or discussing at least three major pieces of legislation. Topping the list are the long-awaited executive regulations of the Investment Act, according to an announcement by cabinet media advisor Osama Abdel Aziz picked up by Reuters. The approval […]
Posted inSpeed Round
Ezz Al Arab talks fintech, Big Data, and cashless society at Yahoo Finance’s All Market Summit
CIB Chairman and Managing Director Hisham Ezz Al Arab discussed the rise of fintech in Egypt during his appearance at Yahoo Finance’s All Markets Summit, which took place yesterday in New York City. In a one-on-one interview headlined “Banking in the Future,” Ezz Al Arab talked to the audience about how Egypt’s goal of transitioning […]
Posted inSpeed Round
Al Ahly Sabbour planning IPO within the year
IPO WATCH- Al Ahly for Real Estate Development Sabbour is planning to list shares on the EGX within a year, company managing director Ahmed Sabbour tells Al Borsa. The company is currently deciding between three potential global coordinators for the transaction, he added, stopping short of naming names. Al Ahly Sabbour is also in the […]
Posted inSpeed Round
CFLD to receive full approval to develop 14,000 feddans in new capital in November
Chinese companies continue to tally wins in Egypt: The New Administrative Capital Company for Urban Development (NACCUD) plans to ratify China Fortune Land Development Company’s (CFLD) agreement to develop 14k feddans in phase one of the new capital on 1 November, NACCUD’s chairman Ahmed Zaki announced on Wednesday. While he did not mention any price […]
Posted inSpeed Round
El Sisi meets with French finmin, business leaders
French companies get contracts to help plan upgrade of Egyptian rail and light rail systems: Among the highlights for business on the third and final day of President Abdel Fattah El Sisi’s visit to Paris: Transport Minister Hisham Arafat signed an agreement with French state-owned railway company SNCF which would see it cooperate with Egyptian […]
Posted inSpeed Round
Gov’t to issue streamlined guide on wheat imports
Gov’t to issue streamlined guide on wheat imports: The government will issue a streamlined guide on wheat imports within two weeks that will detail all specifications, procedures, and regulations for traders selling to Egypt, Supply Minister Ali Moselhy told Reuters. The guide will not include new regulations, but will combine all relevant rules and specifications, […]
Posted inSpeed Round
Etisalat Egypt net profit up to EGP 1.8 bn in 9M2017
EARNINGS WATCH- Etisalat Misr reported net profit of EGP 1.8 bn up for 9M2017, up from EGP 1.3 bn for the same period last year, according to a filing to the Abu Dhabi Exchange. Revenues for the quarter rose 13% y-o-y to EGP 8.3 bn during the period. Variances from last year are largely due […]