Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Sweden’s Ericsson celebrated its 120th anniversary in Egypt during the week. The company was founded in Egypt in 1897 when the country’s first telephone exchange system was established, connecting Cairo to Alexandria for the first time. It now says it is on the road to 5G after providing some of the first GSM networks as […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
United Bank studying setting up EGP 50 mn leasing arm
United Bank is studying setting up a EGP 50 mn leasing arm with an unnamed Saudi institution that will take a 10% stake in the company, United Bank Chairman Ashraf El Kady said yesterday, according to Al Mal reports.
Posted inOther Business News of Note
Catalyst Partners wins CFI’s 2017 award for Best SME Growth Investment Partner – MENA
Catalyst Partners won Capital Finance International’s 2017 award for Best SME Growth Investment Partner – MENA. Catalyst Partners completed a successful Initial Public Offering for MB Engineering on the Nilex exchange in 2016, which was 29.5x covered. In 2017, the company established Catalyst Leasing and Roznamgy, an online platform that matches SME loan applicants and […]
Posted inON YOUR WAY OUT
Fire breaks out in Moez Street, no monuments affected
A fire broke out in a shop on Moez Street in Fatimid Cairo, with no Islamic monuments affected, says the head of the Islamic and Coptic Antiquities Sector, Ahram Online reports.
Posted inON YOUR WAY OUT
Egypt ranks 161 out of 180 in World Press Freedom Index
Egypt was ranked 161 out of 180 in Reporters Without Borders’ 2017 World Press Freedom Index, dropping two positions from last year’s ranking. Egypt has detained as many as 24 journalists and has entered the index “black zone,” North American director for Reporters Without Borders Delphine Halgand said during a conversation with the Washington Post […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0388 | Sell 18.1418 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Wednesday): 12,671 (+0.7%) Turnover: EGP 1.0 bn (9% BELOW the 90-day average) EGX 30 year-to-date: +2.6% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
26-27 April (Wednesday-Thursday): Corporate Governance Case Study Workshops by the Egyptian Private Equity Association and IFC. 27 April (Thursday): Shalakany law firm’s VAT & the New Taxation Landscape conference, Nile Ritz Carlton, Cairo. 28-29 April (Friday-Saturday): Pope Francis visits Cairo. 30 April - 11 May (Friday-Monday): IMF delegation visit to Egypt to assess economic reforms. […]
Posted inWhat We're Tracking Today
What we’re tracking on 26 April 2017
The Ismail government owns the news agenda this morning as the private sector took yesterday off to observe Sinai Liberation day. We saw great three-part harmony from Finance Minister Amr El Garhy, Investment Minister Sahar Nasr and Tourism Minister Yehia Rashed. Nasr is in the early days of a global campaign to promote investment to […]
Posted inON THE HORIZON
On the horizon
Egyptian business community heads to DC to knock on doors in the halls of Congress. One of us is headed off to the United States shortly, where we’ll be covering the American Chamber of Commerce’s annual Door Knock mission to the US. C-suite officers and other top execs from AmCham members will descend on the […]