Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
M&A WATCH- Take this with a heaping tablespoonful of salt: A confused Daily News Egypt suggests that both Al Hokair and Edita have backed away from bids for bakery chain TBS, but then claims a few paragraphs later that it “learnt from sources” that an EGP 130-150 mn transaction is still in the works — […]
Author Archives: enterpriseam admin
Posted inSpeed Round
DiDi Chuxing invests in Careem
DiDi Chuxing’s war with Uber took a new turn as the Chinese outfit invested in regional rival Careem. The China-based ride-sharing company announced on Tuesday it would be investing in Careem, but both companies are being tight-lipped about the details of the transaction. DiDi has been stepping up its investments with Uber’s rivals, includingan agreement […]
Posted inSpeed Round
Dana Gas sees debt restructuring court case playing out in its favor
Dana Gas sees debt restructuring court case playing out in its favor: Sharjah-based gas producer Dana Gas — which has significant exposure to Egypt — decided this week to retract its June decision to restructure USD 700 mn in sukuks it borrowed from investors, preferring its odds pursuing the case in court, sources familiar with […]
Posted inSpeed Round
Kuwait launching new initiative to end Qatar smackdown
Kuwait is trying to launch a new initiative to mediate between Egypt, the GCC countries and Qatar through focusing on “specific measures that would ‘facilitate the start of an open dialogue,’” Gulf News reports. “Kuwait is very keen to resolve the dispute within the framework of the Gulf, especially that all parties have stressed on […]
Posted inSpeed Round
Kenyans head to the ballot box, South Africa’s Jacob Zuma survives no-confidence vote
Kenya’s opposing bloc is dismissing early results from its presidential election showing President Uhuru Kenyatta leading the race as “fake,” Reuters reports. The heated election is a rematch of sorts pitting Kenyatta, a wealthy businessman, against self-proclaimed leftist and former political prisoner Raila Odinga. The last ballot battle between the pair sparked waves of violence […]
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 inImage of the Day
A look inside the compounds in Saudi Arabia
A look inside the compounds of Saudi Arabia: Bloomberg turned the spotlight on the contradictions and cultural schizophrenia that is life in Aramco’s compound in Saudi Arabia, where unlike the rest of the country women drive, concerts are allowed and men and women are allowed to mingle. Photographer Ayesha Malik captures these contradictions perfectly, giving […]
Posted inEGYPT IN THE NEWS
Death of policeman in Southern Egypt tops int’l headlines
The death of a policeman in Qena during clashes with an alleged Daesh-affiliated militant is topping headlines on Egypt in the foreign press this morning. “Police had raided mountainous areas after receiving information that militants loyal to [Daesh] were hiding there,” security sources tell Reuters.
Posted inEGYPT IN THE NEWS
Egyptian entrepreneur ramping up production of minicar near Cairo
Entrepreneur Ahmed Saeed El Feki set a small shop in a village near Cairo to create the first Egyptian-made minicar, Ahmed Hatem writes for the Associated Press. El Feki is calling his vehicle the “minicar Egypt” and he sees it as a replacement for tuktuks “The minicar’s engine power is 300cc, while the Tuk Tuk’s […]
Posted inEGYPT IN THE NEWS
Egypt’s experience causing concerns for Morocco’s plan to float currency -Bloomberg
Morocco is postponing a decision to float its currency after concerns arose following Egypt’s currency flotation, Ahmed Namatalla and Ahmed Feteha write for Bloomberg. “The move to a more flexible exchange rate regime, not a float, is still in the cards but the rollout will take place at the appropriate time,” government spokesman Mustapha El […]