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IPO WATCH- Angry birds is set for potential USD 2 bn IPO — will it fly? Rovio Entertainment, makers of Angry Birds, is looking to IPO soon and could see a valuation of USD 2 bn, Bloomberg reports. The Finnish firm could raise roughly USD 400 mn from a local market listing, but details so […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Japanese economy on growth streak
Some good news on the economy out of Japan for a change: The Asian giant has posted its longest unbroken growth streak in over a decade, according to the Financial Times. Japan’s GDP grew an annualised 4% in 2Q2017 — the sixth consecutive quarter of growth — prompting analysts to see this a possible lifeline […]
Posted inSpeed Round
No confirmation on Alwaleed investing in Egypt Ventures -MIIC
CORRECTION- A senior official at the Investment and International Cooperation Ministry contacted us yesterday to confirm that Prince Alwaleed bin Talal has not discussed plans to invest in the Egypt Ventures fund with Minister Sahar Nasr, as mentioned by Al Borsa. The Ministry also says it is “still in talks regarding Egypt Venture’s campaign and […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inTHE MACRO PICTURE
MENA startups increasingly turn to offshore havens to avoid regulatory hurdles
MENA startups increasingly turn to offshore havens to avoid regulatory hurdles: The first order of business for new startups in the Middle East appears to be registering in an offshore haven, writes Dennis Quinn in a piece for Quartz. Taxation is far from the only reason why companies are looking offshore: Regulatory hurdles are the […]
Posted inImage of the Day
An Alex-based artists uses fire and ashes for his artwork
Alexandria-based Egyptian artist Abdelrahman Al Habrouk uses fire and ash for his artwork. “Cigarettes fuel his art; he breaks them in half, painstakingly traces out monochrome images of celebrities or animals with the fine flakes of tobacco, then sprinkles his creations with gunpowder and sets them on fire,” says Reuters. “The resulting scorch-marks on the […]
Posted inEGYPT IN THE NEWS
Bright Star, Rabaa anniversary dominate international coverage of Egypt on a slow news day
Bright Star, Rabaa anniversary dominate international coverage of Egypt on a very slow news day: US tabloid Foreign Policy has caught onto the comeback of Bright Star in a piece headlined “With Obama Gone, Trump Pentagon Resumes Major Egyptian War Game” on a morning in which no single story dominates the narrative on Egypt. Yesterday’s […]
Posted inOn Deadline
El Sisi should shut down proposals to extend presidential terms
President Abdel Fattah El Sisi should issue a public statement denouncing proposals by MPs to extend his presidential term to six years, writes Amr Rabei for Al Masry Al Youm. The justification for the proposal — which apparently was that since Egypt is now more stable, there is no need to strictly abide the current […]
Posted inWorth watching
Doaa El Adl tackles women’s rights issue through cartoons
Egyptian cartoonist Doaa El Adl is taking a stand on women’s rights through her art. “At the beginning of my career, I was not aware of what my role should be. But by the time I realized that, I knew I had to make a difference as a female cartoonist … That’s why the women’s […]
Posted inDiplomacy + Foreign Trade
El Sisi on Tanzania for first leg of African tour
President Abdel Fattah El Sisi arrived in Tanzania yesterday in the first leg of his Africa tour, which will also include stops in Rwanda, Gabon, and Chad, Al Masry Al Youm reports. The local press is hailing the trip as a grand re-engagement with Africa. El Sisi stressed the need for joint cooperation and seeing […]