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23-27 October (Monday-Friday): 29th Business and Professional Women International Congress themed “Making a Difference through Leadership and Action,” Mena House Hotel, Cairo. Register here. 06-07 November (Monday-Tuesday): Crisis Communications Conference, Four Seasons Nile Plaza Hotel, Cairo. 06-09 November (Monday-Thursday): EFG Hermes’ 7th Annual London Conference on 6-9 November, Arsenal’s Emirates Stadium. 16 November (Thursday): Central […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 19 October 2017
** A NOTE TO YOU FROM US: One of our smartest readers pointed out earlier this week that some of you might not know why we deliberately redact or shorten some words in Enterprise — or make passing references to “algorithms that govern our deliverability to your inboxes.” It’s not, on the surface, logical, but: […]
Posted inON THE HORIZON
On the horizon
The executive regulations to the Investment Act will be issued next week, Prime Minister Sherif Ismail told the press yesterday, Al Masry Al Youm reports. Cabinet received the regulations from the Investment Ministry yesterday and will discuss the package next week, the PM said. The Council of State had completed its review of the regulations […]
Posted inEnterprise+: Last Night’s Talk Shows
New traffic law was about the only thing on the airwaves last night
It was an uneventful night on the airwaves, with the new traffic law and an upcoming presidential pardon coming out as the only somewhat noteworthy topics in the mix. Amendments to the traffic act approved yesterday by Cabinet are not right for Egypt, House Transport Committee member Saeed Taema told Masaa DMC’s Osama Kamal (we […]
Posted inSpeed Round
The latest Thomson Reuters Middle Eastern IB league table is out, and it was not great year for either IPO or M&A activity
The latest Thomson Reuters Middle Eastern IB league table is out, and it was not greatyear for either IPO or M&A activity. Taking it from the top: Total IB fees generated in the Middle East rang in at just over USD 669 mn during 9M17, down about 4% from the same period last year; How […]
Posted inSpeed Round
Egypt getting USD 1.8 bn in solar power investment
EBRD approves funding for three remaining solar power plants under USD 500 mn framework: The European Bank for Reconstruction and Development (EBRD) approved financing for three solar power plants in Egypt under its USD 500 mn renewable energy framework, a statement said yesterday (pdf). This brings the total number of projects under the framework up […]
Posted inSpeed Round
Peugeot-Citroën halts Egypt investment plans until the fate of the Automotive Directive is made clear
Peugeot-Citroën halts Egypt investment plans until the fate of the Automotive Directive is made clear: Peugeot-Citroën halted negotiations with seven auto component manufacturers pending clarity on the much-anticipated Automotive Directive, Egyptian Federation of Industries’ automotive feeders division member Hossam Abdel Aziz tells Al Mal. The French automotive manufacturer had entered talks with AutoCool Egypt, Dr. […]
Posted inSpeed Round
Tourism revenues up 211.8% y-o-y in 9M2017
Tourism revenues are up 211.8% y-o-y to USD 5.3 bn in 9M2017, a government official told Reuters. The increase in tourism revenues came on the back of increased arrivals of 55.3% y-o-y to 5.9 mn and a rise in tourists’ average spending to USD 88.2 per night. European tourist arrivals increased by 85% y-o-y to […]
Posted inSpeed Round
EKH disavows Tri-Ocean Energy amid reports of a “USD 1 bn embezzlement” allegation
EKH disavows Tri-Ocean Energy amid reports of a “USD 1 bn embezzlement& allegation: Egypt Kuwait Holding (EKH) has had to issue a statement to the EGX explaining that Tri-Ocean Energy has not been a subsidiary of the company since 25 February 2016, Al Mal reports. The statement follows reports earlier in the week by Youm7 […]