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Breaking news at dispatch time: Mohamed bin Salman has been named crown prince of Saudi Arabia, according to an official Saudi Press Agencyrelease picked up by Reuters. There’s no word as we hit “send” as to what has become of former crown prince Mohamed bin Nayef. EAEF chairman Jim Harmon is testifying today before the […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
President Abdel Fattah El Sisi heads to Uganda tomorrow for presidential summit of the Nile Basin Initiative countries.
Posted inEnterprise+: Last Night’s Talk Shows
Adib zeroes in on Sisi’s social safety measures
On what was a relatively slow day on the airwaves, Kol Youm’s Amr Adib had little of interest to offer beyond President Abdel Fattah El Sisi announcing a number of measures meant to strengthen the social safety net. (We have that covered in this morning’s Speed Round). This is the first time in years that […]
Posted inSpeed Round
Sisi raises food subsidy allowances to EGP 50 from EGP 21 alongside handful of social safety measures
El Sisi signs off on measures to strengthen social safety net: President Abdel Fattah El Sisi announced a handful of measures yesterday designed to strengthen the social safety net and shield the poor from inflation as the government pursues further economic reforms. As sources had predicted last week, food subsidy allowances will rise to a […]
Posted inSpeed Round
EFG Hermes thinks fuel price hikes will come later in 4Q17
EFG Hermes research boss thinks fuel price hikes will come later in 4Q17: The government might very well delay fuel price hikes slated for July until 4Q2017 to allow the market the chance to adjust to its basket of economic reform measures, EFG Hermes Research chief Ahmed Shams El Din told reporters on Tuesday, according […]
Posted inSpeed Round
CIB, GTH, Elsewedy make Forbes Middle East Top 100 list
CIB, GTH, Elsewedy make Forbes Middle East Top 100 list: Our friends at CIB were the only Egyptian company to place in the top 50 in Forbes Middle East’s Top 100 Companies In The Arab World 2017 list, coming in at 45th. Despite the EGP devaluation, two other Egyptian companies made the list: Global Telecom […]
Posted inSpeed Round
Is Ukraine’s Naftogaz struggling to find investment banker to help it exit Egypt?
Oh, for want of an investment banker: Naftogaz Ukrainy is reportedly having a tough time divesting its Egyptian assets after canceling “the second tender to provide investment banking services related to Naftogaz upstream assets in Egypt and search for potential buyers” as only one bid was submitted, Russia’s Interfax says. The news service claims “only […]
Posted inSpeed Round
Earnings Watch: Beltone Financial Holding
EARNINGS WATCH- Beltone Financial Holding reported a consolidated net loss of EGP 14 mn in 1Q2017, down from a net profit of EGP 13.3 mn in 1Q2016. The net loss came despite revenues growing to EGP 95.2 mn in 1Q2017, up from EGP 49.3 mn same period last year. The acquisition of a 60% stake […]
Posted inSpeed Round
Egyptian developers dominate Facebook’s Bots for Messenger Developer Challenge
Egyptian developers dominated Facebook’s Middle East and AfricaBots for Messenger Developer Challenge, a contest to recognize and reward developers who are able to create the most innovative new bots on Messenger in the Middle East and Africa. Only two non-Egyptian developers seized either the winner or runner-up positions across the competition’s categories. In the social […]