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Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The Emirates NBD PMI reading for August will be released tomorrow. You’ll be able to find it here.
Posted inON THE HORIZON
On the horizon
The CBE should have a new draft of the Central Bank and Banking Act ready in a few weeks’ time, now that it has received notes and suggestions from the Federation of Egyptian Banks (FEB), unnamed officials tell Youm7. The FEB had prepared a report with its reservations on proposed amendments to the act, which […]
Posted inEnterprise+: Last Night’s Talk Shows
Nothing to report from last night’s talk shows
The denizens of the night (theirs, not ours) had the day off yesterday in continued observance of the Eid, so you may relax: You missed nothing on last night’s talk shows.
Posted inSpeed Round
El Sisi at the BRICS Summit
Did Egypt and Russia just finalize the Dabaa agreement? Egypt and Russia have reportedly finalized their agreement over the USD 30 bn Dabaa nuclear power plant, the Associated Press said on Sunday, citing Russian media reports. The news surfaced after President Abdel Fattah El Sisi met with Russia’s Vladimir Putin in Xiamen, China, yesterday on […]
Posted inSpeed Round
ADM eyes new investments in Egypt, could open up production facilities
INVESTMENT WATCH- Global food producer Archer Daniels Midland (ADM) is looking to invest more in Egypt and could open its own facilities here, according to a statement from the Investment and International Cooperation Ministry. Egypt’s selling point for ADM includes the introduction of new legislation, such as the Investment Act and Industrial Permits Act, company […]
Posted inSpeed Round
Mintra to establish USD 50 mn sports shoe plant
INVESTMENT WATCH- Local paper and stationery manufacturer Mintra will be establishing a new plant to produce sports shoes with an initial investment of close to USD 50 mn, Trade and Industry Minister Tarek Kabil said on Friday, Ahram Gate reports. The new facility in Tenth of Ramadan City is expected to begin production by mid-2018, […]
Posted inSpeed Round
Panasonic opens its first TV manufacturing plant in Egypt
INVESTMENT WATCH- Panasonic opened its first TV manufacturing plant in Egypt, Trade Arabia reports. The company is planning to produce over 16k LED television sets this year in partnership with the Arab Company for Electrical Equipment. “The Egyptian market is one of the most promising markets in the North Africa region. It is also well-positioned, […]
Posted inSpeed Round
Baker Hughes looks to expand scope of investments in Egypt
INVESTMENT WATCH- This news comes as General Electric oilfield services subsidiary Baker Hughes is looking to increase its investments in Egypt’s oil and gas sector, GE President and CEO North East Africa Ayman Khattab told Oil Minister Tarek El Molla on Thursday, according to Al Mal.
Posted inSpeed Round
Inching closer towards commodities exchange, sukuks and short-selling
Inching closer towards commodities exchange, sukuks and short-selling: The Cabinet recently approved the introduction of new capital markets and financial instruments, which include a commodities exchange, Investment Minister Sahar Nasr said during a meeting with newly-appointed EGX Chairman Mohamed Farid, according to a statement. Nasr is planning to meet with members of the Egyptian Capital […]