Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
M&A WATCH- An Egypt Kuwait Holding subsidiary sold a 26% stake in Egyptian Hydrocarbon Company to Carbon Holdings, according to a regulatory filing. Carbon Holdings bought the stake for USD 65.2 mn, the disclosure notes without adding further detail. A source close to the transaction tells us that EKS will record a capital gain of […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Online transactions in Egypt grew by 22% last year -Payfort
Online transactions in the Middle East rose by 22% y-o-y in 2016, according to a survey conducted by Amazon-owned Payfort. The increase in Egypt was 22% and, overall, events and entertainment was the fastest growing segment at 33% y-o-y. Egyptians carried out USD 6.2 bn in online transactions during the year, or about 20% of […]
Posted inSpeed Round
Al Ahly Capital to invest EGP 1.5 bn next year in fields including energy, healthcare, and financial service, Al Ahly Funds looks to grow AUM in 4Q2017
INVESTMENT WATCH- Al Ahly Capital to invest EGP 1.5 bn next year in fields including energy, healthcare, and financial services: National Bank of Egypt subsidiary Al Ahly Capital plans to invest EGP 1.5 bn in healthcare, energy, financial services, building materials, and consumer retail in 2018, Managing Director Khaled Badawi tells AMAY. The holding company […]
Posted inSpeed Round
El Sisi supports amendments to CBE Act
President Abdel Fattah El Sisi apparently supports amendments to the Central Bank and Banking Acts, CBE Governor Tarek Amer told Al Shorouk in an interview on the sidelines of the IMF and World Bank Fall Meetings. Amer said the act would enhance the CBE’s role as a regulator of the sector to safeguard depositors. He […]
Posted inSpeed Round
IsDB to develop USD 3 bn cooperation strategy with Egypt, El Garhy meets with JP Morgan
The Islamic Development Bank (IsDB) is developing a new cooperation strategy with Egypt worth USD 3 bn for 2018-2020, President Bandar Hajjar told Investment Minister Sahar Nasr. Hajjar and Nasr discussed setting up a branch for IsDB in Cairo and to increase its support of projects in Egypt, besides promoting entrepreneurship and innovative projects through […]
Posted inSpeed Round
Tax revenues up to EGP 88.6 bn in 1QFY2017-18
Tax revenues for the first quarter of FY2017-18 increased to EGP 88.6 bn from EGP 57 bnin the same period the year before, Vice Minister of Finance Amr El Monayer announced on Sunday, Al Ahram reports. The proceeds exceeded the ministry’s target by 1%, notes Al Masry Al Youm. Income tax revenues rose by 36% […]
Posted inWhat We're Tracking Today
What we’re tracking on 15 October 2017
We’re riding a runaway freight train this morning after a very slow news week last week, so get ready to read, ladies and gentlemen. The nationwide state of emergency was extended for three months as of last Friday, according to the Official Gazette. Reuters notes that “Egypt first imposed the state of emergency in April […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Our friends at AmCham and EFG Hermes will host a special lunch in New York for Investment Minister Sahar Nasr and Finance Minister Amr El Garhy on Monday, 16 October. The gathering will feature keynotes from both ministers, according to a statement (pdf). In addition to EFG Hermes boss Karim Awad, you can expect to […]
Posted inEnterprise+: Last Night’s Talk Shows
UNESCO elections dominate the debate, with focus on Qatar
It was a night of Qatar-bashing on the airwaves with the statelet accused of bribery in its failed campaign to win the top job at UNESCO. In about the only business-related story of the night, Vice Minister of Finance Amr El Monayer popped up to talk about FY2016-17 tax revenues (watch, runtime 5:04).