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IPO WATCH- Rooya Real Estate Investment Company appears to have tapped Baker McKenzie’s local partner, Helmy, Hamza & Partners, as legal adviser on the its IPO of 30% of its shares, sources tell Al Borsa. The newspaper says Arab African International Bank has also been selected to advise on the IPO, but doesn’t specify in […]
Author Archives: enterpriseam admin
Posted inSpeed Round
MNOs in talks with NTRA to hike call, internet prices
Mobile network operators want you to pay more for calls and data: Orange, Vodafone, and Etisalat Misr are in talks with the National Telecommunications Regulatory Authority to increase what they charge for both voice calls as well as internet services, active NTRA Executive President Mustafa Abdul Wahid tells Ahram Gate. It’s unclear how much of […]
Posted inSpeed Round
EFSA hopes to begin issuing short-term debt instruments in Egypt this year
EFSA hopes to green-light the issuance of short-term debt instruments this year: The Egyptian Financial Supervisory Authority (EFSA) is planning to being allowing companies to issue short-term bonds before the end of 2017 for the first time, authority chief Sherif Samy said on Thursday, according to Al Mal. The move, which EFSA is working on […]
Posted inSpeed Round
Private sector, CBE take the debate on interest rate hikes to the pages of AMAY
Private sector, CBE take the debate on interest rate hikes to the pages of AMAY: The central bank’s most recent interest rate hikes were wrong and will prove detrimental to investment in the country, said Ahmed Elsewedy, president and CEO of Elsewedy Electric. The rate hikes encourage businesses to simply save out of fear of […]
Posted inSpeed Round
US officials discussing cutting US aid to Egypt over NGOs bill
US officials are considering withholding a portion of America’s aid package to Egypt to protest the controversial the NGOs law that is viewed in the international community as repressive, a senior administration official tells Reuters. The official claims the US warned Egypt not to implement the bill, but “have not reached an agreement on whether […]
Posted inSpeed Round
Egypt, China, and Mexico selected for WBG’s Financial Inclusion Global Initiative
Egypt selected for World Bank Group’s Financial Inclusion Global Initiative: The World Bank Group tapped Egypt, China, and Mexico for its Financial Inclusion Global Initiative, which the institution has launched in partnership with the International Telecommunication Union , the Committee on Payments and Market Infrastructures, and the Bill & Melinda Gates Foundation, the WBG said […]
Posted inSpeed Round
Iraq tightens regulations on Egyptian fruit and vegetable products
Iraq is imposing stricter regulations on imports of Egyptian fruits and vegetables over concerns on pesticide use, Al Masry Al Youm reports. Under the new regulations, all Egyptian agricultural products must be accompanied by documentation proving the products meet international standards on pesticide residue. Iraq is the latest country to tighten regulations on Egyptian produce […]
Posted inSpeed Round
Thomas Cook says bookings to Egypt seeing “bounce back,” resumes flights to Tunisia
Thomas Cook has seen a “bounceback in markets such as Turkey in Egypt” so far this year, Reuters reports, despite the UK FCO’s advice against all but essential travel by air to or from Sharm El Sheikh, which pushed Thomas Cook to cancel holiday bookings to the South Sinai resort through the winter of 2017-18 […]
Posted inSpeed Round
Czech victim of knife attack in Hurghada dies
The Czech woman who was stabbed in the knife attack in Hurghada has died, the Czech Foreign Ministry said on Thursday, according to Reuters.
Posted inUncategorized
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