Author Archives: enterpriseam admin

Export Development Authority rolls out five-year strategy: The Trade and Industry Ministry’s Export Development Authority (EDA) has completed its new export promotion strategy for 2017-2023, Minister Tarek Kabil said on Tuesday, Al Shorouk reported. The strategy relies on streamlining export procedures, putting in place an authority to ensure the quality of exported products, increasing Egypt’s […]

Hyundai Rotem lands EUR 350 mn contract to supply metro cars: The National Authority for Tunnels signed a c.EUR 350 mn agreement with Hyundai Rotem to supply 32 air-conditioned cars for the Cairo Metro lines Three and Four on Thursday 22 June, according to a statement from the Ismail cabinet. 30% of the order will […]

EFG Hermes has topped the securities brokerage league tables during 2Q17, with a whopping 59.6% market share of transactions, according to Al Borsa. HC Brokerage jumped to second place with a reported 22.5% market share, followed by Beltone at 4% and Mediterranean for Brokerage at 3.2%.

Hisham Talaat Moustafa released and back at the helm: former MP and chairman of Talaat Moustafa Group’s (TMG) real estate arm Hisham Talaat Moustafa was released as part of the pardons President Abdel Fattah El Sisi issued over ahead of the Eid break, TMG has already reinstated Mostafa as CEO and Managing Director, according to […]

President Abdel Fattah El Sisi appointed on Thursday new heads to three judicial bodies, marking the first appointments by presidential decree after the controversial amendments to the Judicial Authorities Act were passed in April, Al Masry Al Youm reports. The swearing-in ceremony for Magdy Aboulela as President of the Court of Cassation (the nation’s highest […]

The Ismail cabinet approved draft legislation giving individual government agencies powers to reclaim and seize their respective unlawfully occupied land. The law will also set about regulations for the seizures process, whose costs will be borne by those occupying the land. The move is part of a nationwide crackdown on unlicensed developments on state-owned land. […]

Abraaj Group is reportedly planning an IPO of South African food and personal care maker Libstar, which may value the firm at as much as USD 1 bn, according to Bloomberg. Abraaj has reportedly tapped JPMorgan Chase & Co. and Standard Bank to manage the IPO which it hopes would raise USD 300 mn. There […]