Author Archives: enterpriseam admin

EARNINGS WATCH- Cleopatra Hospitals Group reported a 29% rise in net income to EGP 29 mn in 1Q17 as revenues advanced 24% y-o-y to EGP 262 mn, according to the company’s earnings filing (pdf). Revenue growth for the quarter was largely driving by better pricing, the company said. While pushing ahead with a number of […]

French dairy producer Danone is partnering with Abraaj Group in a USD 25 mn investment in west Africa-based Fan Milk, Maggie Fick writes for the Financial Times. “The investment in Fan Milk’s Ghana business will help the company meet growing demand for yoghurt and other dairy products in west Africa’s second-biggest economy.” Danone remains bullish […]

Turkmenistan, Norway, and Egypt have all signaled willingness to join OPEC members in cutting their production of oil, Kuwait's Oil Minister Essam Al Marzouq said, according to Reuters. Norway’s oil ministry was quick to deny any plans to cut output. Al Marzouq said OPEC are discussing “whether to extend output cuts for six months or […]

El Sisi is adamant about reclaiming ‘occupied’ state land: The government is pressing ahead with its campaign to reclaim state-owned land from trespassers and will evaluate the progress on these efforts at the end of the month with input from governors “and the youth,” President Abdel Fattah El Sisi said at the inauguration of development […]

Human rights lawyer and former presidential candidate Khaled Ali was picked up for questioning by the Prosecutor General for questioning on public morals charges, reports Al Masry Al Youm. Al Shorouk had initially reported that Ali was being questioned on accusations of promoting a political party that is yet to be founded — the Bread […]

Egyptian investigators are insisting that EgyptAir flight MS804 from Paris crashed after an explosion and not as a result of any malfunction, according to a statement from the Egyptian Civil Aviation Ministry. Egypt’s forensic examinations from December reportedly found traces of explosives on some of the victims’ bodies. French investigators countered earlier this month that […]

British police identify Manchester concert suicide bomber, Daesh claims responsibility: British police forces said on Tuesday that they’ve identified 22 year-old Salman Abedi as the suicide bomber behind the attack on a concert in Manchester arena on Monday, which left 22 people dead and dozens other injured, Reuters says. The UK-born Abedi is of Libyan […]