Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
That VIX play we noted yesterday looks momentarily less likely to pay off amid good news out of the US of A: Results from McDonald’s and Caterpillar point to a continued strong economic recovery. “McDonald’s has reported its best showing for global comparable sales in five years … [saying] it drew more Americans into its […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Resuming exports of produce to the Gulf? The trade and agriculture ministries are sending a joint mission to Saudi Arabia for talks on restarting exports of fruits and vegetables, Al Mal reports. Saudi Arabia banned the import of peppers from Egypt in December, and a ban on strawberry imports came into effect earlier this month. […]
Posted inON THE HORIZON
On the horizon
The House Economics Committee looks set to discuss the executive regulations of the new Investment Act this coming Sunday. Again, we remind readers that the House’s input on the regulations is simply not required. The Eid Al Adha vacation is set to run Thursday, 31 August through Monday, 4 September, according to the state’s Astronomical […]
Posted inEnterprise+: Last Night’s Talk Shows
Move along, move along…
Our talk show roundup continues to bask in the blissful nothingness that is our summer hiatus and will be back this coming Sunday.
Posted inSpeed Round
EAEF looks to buy Orchidia Pharma
M&A WATCH- Our friends at the Egyptian American Enterprise Fund (EAEF) are reportedly planning to invest in Orchidia Pharma, sources close to the matter tell Al Borsa. While EAEF is hoping to acquire up to 100% of the company, it would settle on a majority stake of 55%, the sources told the newspaper, adding that […]
Posted inSpeed Round
ADM enters the fray to buy NCMP
M&A WATCH- Swiss firm Archer Daniels Midland (ADM) will bid for another food company in Egypt after the winner of the bidding war for National Company for Maize Products is made clear,according to Al Borsa. We had previously covered the ongoing contest for NCMP, and now it looks like the firm is looking to expand […]
Posted inSpeed Round
Saudi Egyptian Industrial Investment Company to acquire food manufacturer
M&A WATCH- The Saudi Egyptian Industrial Investment Company (SEIC) is looking to acquire an unnamed, privately-held food manufacturer, CEO Ahmed Ata tells Al Mal. Ata expects the transaction to be completed by the end of 2017. SEIC has tapped Cairo Financial Holdings as advisor on transaction, he added. SEIC — an investment company set by […]
Posted inSpeed Round
EFSA exempts NIB from MTO of 40.06% stake in Nilesat
Count this more as “consolidation of state assets” than “M&A”- The Egyptian Financial Supervisory Authority exempted the government’s National Investment Bank from presenting a mandatory tender offer after it submitted an offer to acquire a 40.06% stake in the Egyptian Satellite Company (Nilesat), according to a filing with the EGX. NIB already own 10% of […]
Posted inSpeed Round
US VC outfit invests USD 200k in Egyptian online food delivery platform Mumm
INVESTMENT WATCH- Silicon Valley-based VC fund 500 Startups invested USD 200k in Egyptian online food delivery platform Mumm, Al Mal said on Tuesday. Mumm is an online portal that sells home-cooked meals prepared by local housewives and refugees. Mumm aside, 500 Startups picked eight other MENA-based startups to invest in through its 500 Falcons early-stage […]