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We’re meeting our largest trade and investment partner today: Foreign Minister Sameh Shoukry arrived in Brussels yesterday for EU-Egypt Association Council meetings, where talks with the EU’s High Representative for Foreign Affairs and Security Policy Federica Mogherini will focus on the full basket of bilateral issues. (You can view the full agenda here). Mogherini, who […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
A law that sets a framework for reclaiming land seized under the government’s campaign to clear unlicensed developments and illegal occupation of state land is expected to come into effect this week, according to statements by Prime Minister Sherif Ismail last week.
Posted inON THE HORIZON
On the horizon
The House Economics Committee will discuss the executive regulations of the new Investment Act this coming Sunday, the committee’s deputy chair Amr El Goharytells Al Borsa. The committee got a special dispensation to hold the meeting from House Speaker Ali Abdel Aal, he added. We remind readers that the House’s input on the executive regulations […]
Posted inEnterprise+: Last Night’s Talk Shows
Nothing to see here
Our hiatus from talk shows is doing wonders for our blood pressure. Sadly, all good things must come to an end and we’ll resume coverage on Sunday, 30 July.
Posted inSpeed Round
Three exchanges said to be in the running as gov’t eyes GDR or dual listing for Enppi
IPO WATCH- The government is still deciding which foreign stock exchange will land a piece of its planned IPO of petroleum services outfit Enppi, a source tells Al Borsa. The LSE, Nasdaq Dubai and Euronext Amsterdam are all in the running, it seems. NI Capital, the government’s investment bank and shot-caller on the transaction, says […]
Posted inSpeed Round
KFH eyes expansion into Egypt
Kuwait Finance House is looking to expand into Egypt and China, according toThe National. KFH, the tenth largest lender in the Gulf, is considering an acquisition of an existing operation Egypt rather than chasing a new license. The bank is looking outside of its traditional territory, which it views as saturated, so a less mature […]
Posted inSpeed Round
IMF improves economic forecast for developing countries
The IMF World Economic Outlook update for July sees emerging markets GDP growing to 4.6% in 2017 (up from 4.3% in 2016) and then to 4.8% in 2018. Growth in the MENA region is expected to slow given the outlook on oil and other commodities — a factor which plays more to the GCC economy […]
Posted inSpeed Round
Alexandria Youth conference
President Abdel Fattah El Sisi discussed a slew of political, economic, and foreign affairs issues during the latest youth conference, which kicked off yesterday in Alexandria. The president named terrorism and the ballooning population as two of the country’s biggest hurdles. He said it will be crucial for Egypt to stick to his administration’s economic […]
Posted inSpeed Round
El Sisi approves establishing Golden Triangle special economic zone
President Abdel Fattah El Sisi approved yesterday the creation of the Golden Triangle Special Economic Zone, Al Masry Al Youm reports. The zone will grant special concessions and investment benefits akin to the Suez Canal Economic Zone to a 2.2 mn feddan area encompassing parts of Al Quseir, Safaga, and Qena. The Golden Triangle first […]