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September — The House of Representatives is due to begin discussion of the proposed bankruptcy bill. 06 September (Wednesday): The Emirates NBD Egypt PMI report for August released. 06-09 September (Wednesday-Saturday): 2017 China-Arab States Expo (Egypt is the Guest of Honor), Ningxia, China. 08-09 September (Friday-Saturday): Educate Me's Conference for Egyptian Education (Mo'allem), AUC, Cairo […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 30 August 2017
We’re heading into a five-day weekend. ‘Nuff said. We hope each and every one of you has a happy Eid full of family and friends, a safe and blessed Hajj, a relaxing Labor Day weekend, or otherwise simply enjoy a beautiful weekend. We’re off the coming five days and will be back at the appointed […]
Posted inON THE HORIZON
On the horizon
LEGISLATION WATCH- September is almost upon us, and with it will come the antics of our esteemed members of the House of Representatives as they contemplate — and seek to impose their unique stamp on — the Ismail government’s very busy legislative agenda. Here’s what you need to know: Date note set yet: President Abdel […]
Posted inEnterprise+: Last Night’s Talk Shows
Sharkawi says we don’t need privtization + misleading med ads on TV
Government companies are great — profitable and responsible corporate citizens who don’t need to be privatized. So claimed the ministry of public enterprises last night. So call off the sales of ENPPI and BdC, y’all, okay? Privatization? We don’t need no stinking privatization: Public Enterprises Minister Ashraf El Sharkawi tried to convince Al Nahar TV’s […]
Posted inSpeed Round
Ezdehar secures USD 15 mn for its Egypt mid-cap fund
INVESTMENT WATCH- The European Investment Bank (EIB) committed USD 15 mn to the Ezdehar Egypt Mid-Cap fund, Ezdehar’s inaugural fund, Al Masry Al Youm reports. EIB’s contribution raises the fund’s total capital raised to USD 85 mn. Ezdehar tells us its investor base includes the European Bank for Reconstruction and Development (EBRD), the CDC Group, […]
Posted inSpeed Round
AMOC studying investing USD 500 mn on fuel oil refining complex
INVESTMENT WATCH- State-owned Alexandria Mineral Oils Company (AMOC) is considering spending USD 500 mn on a fuel oil refining project, chairman Amr Mostafa tells Al Mal. Technical studies are being drafted and are expected to be completed before year-end. The company is also issuing a tender for the development of a USD 50 mn fuel […]
Posted inSpeed Round
Egypt signs oil and gas agreements with Shell, Apex
Apex International, Royal Dutch Shell sign USD 81 mn in exploration agreements: The Oil Ministry signed three oil and gas exploration agreements for 16 new fields in the Western Desert worth at least USD 81.4 mn with Royal Dutch Shell and Apex International Energy, according to Reuters. The ministry said Shell will invest USD 35.5 […]
Posted inSpeed Round
IFC pledges USD 100 mn to oil and gas projects in Egypt
IFC pledges USD 100 mn to oil and gas projects in Egypt: The International Finance Corporation has pledged USD 100 mn to oil and gas projects being carried out by major global firms in Egypt, an Investment and International Cooperation Ministry statement says (pdf). This comes as the World Bank Group’s executive board agreed to […]
Posted inSpeed Round
Israel’s ambassador, embassy staff back in Cairo
Israel’s ambassador to Egypt, David Govrin, returned to Cairo yesterday, sources told Reuters and theAssociated Press. The sources say Govrin and eight embassy staffers are back in Cairo to resume their roles permanently. Govrin, who had been quietly removed from Egypt in late 2016 “due to security concerns,” made a one-day trip to Cairo last […]