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The Bank of Alexandria and Tanmiya Capital Ventures (TCV) have inked a cooperationprotocol that will effectively see Bank of Alexandria feed private equity outfit TCV potential investment candidates, while TCV will steer portfolio companies seeking bank financing to Alexbank. TCV typically looks at investments with an EGP 35-100 mn ticket size. TCV announced in March […]
Author Archives: enterpriseam admin
Posted inSpeed Round
El Feki assumes role of director of Bibliotheca Alexandrina
MOVES- Mostafa El Feki has been named the new director of Bibliotheca Alexandrina yesterday. El Feki succeeds Ismail Serageldin, who stepped down after a 15-year run and was named Librarian Emeritus and appointed to the Bibliotheca’s board of trustees.
Posted inSpeed Round
Greece’s Energean to supply Israeli power companies from Karish, Tanin fields
Delek and Noble face first major challenge in Israel’s gas market: Greece's Energean Oil & Gas Group signed contracts to supply to Dalia Power Energies and Or Power Energies with natural gas from the Karish and Tanin fields offshore Israel, in what Bloomberg calls the first agreement to rival dominant Israeli suppliers Delek and Noble […]
Posted inImage of the Day
Landmarks light up with Egyptian flag in solidarity over Minya attack
UAE, Israeli landmarks light up in solidarity with Egypt: Landmarks across the UAE, including the Burj Khalifa, the Abu Dhabi Global Market, ADNOC’s headquarters, the Emirates Palace, and the Capital Gate building lit up in the colors of the Egyptian flag over the weekend in a show of solidarity after the Friday Minya attack. The […]
Posted inEGYPT IN THE NEWS
Reactions to Friday’s terrorist attacks
Reactions to Friday’s terror attack on the nation’s Christian community continue to dominate international news coverage of Egypt. Leading the coverage are pickups of wire stories of the social media testimony of the survivors. Pope Francis expressing his solidarity with Coptic Christians also received widespread coverage. He called the victims of the attacks martyrs. Speaking […]
Posted inOn Deadline
Chatter about airstrikes in the domestic press
The airstrikes Egypt launched in Libya mark a “new page” in its fight against terrorism. The strikes have upended the prevailing order in the region and sent a strong message to terrorists and the states that sponsor them, Karim Abdel Salam writes for Youm7. On the other side of the fence, Al Masry Al Youm’s […]
Posted inWorth reading
Egypt entering eye of economic reform storm, but the only way is forward -TIMEP
“The issues Egypt faces are not, as some observers claim, outcomes of its uprising in 2011, but rather symptoms of the longstanding problems and challenges that caused it and have remained unaddressed,” The Tahrir Institute for Middle East Policy’s (TIMEP) report on Egypt in the six years after the revolution, “A Fragile Egypt in a […]
Posted inWorth watching
Customize your own pet beast
Taking augmented reality to the next level. How far can a sci-fi project that allows you to play with your very own virtual pet go? Strange Beasts is a new game that allows you to customize your own pet. And don’t think “golden retriever,” but creatures that would be more at home in Fantastic Beasts […]
Posted inDiplomacy + Foreign Trade
Readymade garments exports record USD 413 mn in first four months of 2017
Exports of readymade garments grew by 4% y-o-y to USD 413 mn in the first four months of the year, the Readymade Garments Export Council said, according to Al Masry Al Youm. The USA topped the list for export markets, taking in about half of the total exports, followed by the EU.
Posted inDiplomacy + Foreign Trade
Egyptian investors at Egyptian-Cypriot Business Council appointed
Trade and Industry Minister Tarek Kabil has approved the appointment of the members of the newly-established Egyptian-Cypriot Business Council for three-year terms, according to Al Masry Al Youm. The Egyptian section of the Council will be chaired by Nile Linen Group chairman Said Ahmed.