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HC Securities is currently managing M&A transactions worth USD 600 mn, some of which involve foreign investors, the firm’s managing director Mahmoud Salim tells Al Borsa. These transactions were in the petroleum, financial services, healthcare, engineering and food and beverage, and packaging industries, he added. The firm has recently set its sights on Kuwait and […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
FEI’s bakeries division wants to cut moochers a break
The Federation of Egyptian Industries’ bakeries division is working on a proposal mimicking the golden card system that would allow citizens without a subsidy card to receive subsidized bread, division head Abdallah Ghorab said, Al Shorouk reports. For the uninitiated: golden cards were used by bakeries to tally distribution of subsidized bread to Egyptians who […]
Posted inEgypt Politics + Economics
Cairo Governorate to legalize street vendors
Cairo Governor Atef Abdel Hamid wants to expand a plan that grants legal status to street vendors in some of Cairo’s neighborhoods to the whole city, reports Ahram Online. The fundamental idea is that land would be provided to vendors to ply their wares, while also providing them with facilities and security services in exchange […]
Posted inON YOUR WAY OUT
The Bill and Melinda Gates Foundation is providing USD 2 mn to support programs which focus on financial inclusion, particularly those that specialize in women empowerment, Investment Minister Sahar Nasr said, according to a ministry statement.
Posted inON YOUR WAY OUT
ON THIS DAY- On this day in 1970 Jimi Hendrix, one of the greatest rock musicians of all time, died after collapsing at a party in London. Nine years earlier, UN Secretary General Dag Hammarskjold died in an air crash outside the Zambian (formerly Northern Rhodesian) town of Ndola. In the US, George Washington laid […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.62 | Sell 17.72 EGP / USD at CIB: Buy 17.63 | Sell 17.73 EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Sunday): 13,613 (+0.0%) Turnover: EGP 1.1 bn (33% above the 90-day average) EGX 30 year-to-date: +10.3% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
15-18 September (Friday-Monday): Sharm Travel Market, venue TBD, Sharm El Sheikh. 18-19 September (Monday-Tuesday): Euromoney Egypt conference, venue TBD, Cairo. 19 September (Tuesday): Deadline for applications for funding under the Newton Institutional Links programme. 20-23 September (Wednesday-Saturday): 2017 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo. 21 September (Thursday): Islamic New Year, […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 September 2017
** TAP OR CLICK HERE TO TAKE OUR 3Q2017 READER SENTIMENT SURVEY: We’re asking you throughout this week how you feel about doing business in Egypt this year, if you’ll invest more and the biggest challenges you face, among other questions. The survey, the largest quarterly take on the pulse of the business and investing […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
4G data will go live within the coming days on all mobile networks, Communications Minister Yasser El Kady said on Saturday, according to AMAY. Meanwhile, the National Telecommunications Regulation Authority is reportedly weeks away from issuing a decision on MNOs’ request to hike charges on local roaming, an unnamed source tells Youm7. Euromoney runs Monday […]