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We begin this morning with a holiday advisory if, perchance, the coming respite has slipped off your radar: We are just days away from the Easter / Sham El Neseem break — our first long weekend since January. Banks and the stock market are closed Sunday (16 April) and Monday (17 April). It would be […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
Sunday morning read: Men bet she would fail; now she runs a USD 26 bn fund
We suggest you start your morning with a read of “Men bet she would fail; nowshe runs a USD 26 bn fund,” a New York Times Dealbook feature on Dawn Fitzpatrick, 47, who becomes something like the eighth or ninth chief investment officer at George Soros’ Soros Fund Management since 2000. CORRECTION- We’re still not […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Legislation Watch (or “The InshaAllah hour”): The House of Representatives’ Economic Committee will wrap its review of the draft Investment Act on Monday and then send the bill on for a plenary session vote, AMAY reports. Members of the House’s Budgeting, Manpower, and Legislative Committees are expected to attend Monday’s session. The Legislative Committee has […]
Posted inON THE HORIZON
On the horizon
The National Bank of Egypt’s card services will be down between midday on Sunday, 16 April and the morning of Monday, April 17, as the bank rolls out service updates, a statement on their official Facebook page says.
Posted inEnterprise+: Last Night’s Talk Shows
Food inflation, subsidies the talk of last night’s airwaves
When the talking heads exhaust all topics, you can bet they’ll return to that old-time audience favourite: Food prices and subsidies. The private sector continues to get the blame for inflation: Kol Youm’s Amr Adib spoke to the head of Federation of Chambers of Commerce’s Giza food division Yehia Kassab, who blamed food inflation on […]
Posted inSpeed Round
IMF says it is working with Egypt to control inflation, praises reforms
The IMF says it is working with the Ismail government and the Central Bank of Egypt to “bring inflation under control and supports the steps the Egyptian authorities are taking to protect its poorest and most vulnerable citizens,” the Fund said in a statement following Managing Director Christine Lagarde’s meeting with President Abdel Fattah El […]
Posted inSpeed Round
MM Group IPO covered 19.27x
IPO WATCH- The initial public offering for MM Group has been covered around 19.27x, Osama Rashad, head of investor relations at Beltone, told Reuters. “A private placement, completed on Monday was more than nine times over subscribed. The group's shares are expected to start trading [on] Tuesday.” MM Group priced its offering at EGP 5.96 […]
Posted inSpeed Round
Raya Contact Center looking to expand in France
Raya Contact Center is looking to raise EGP 100 mn from its IPO on the EGX and will use the proceeds to expand into the Moroccan market, Al Mal reports. The company expects to begin operating in Morocco by 2018 with its eyes set on providing services to the French market. The company’s chief executive […]
Posted inSpeed Round
Sabbour Group mulls Al Ahly Real Estate IPO by mid-2017 to finance expansion plans
The Sabbour Group is contemplating the IPO of subsidiary Al Ahly for Real Estate Development by mid-2017, Managing Director Ahmed Sabbour told Al Borsa yesterday. Al Ahly — a joint venture between Sabbour Consulting and the National Bank of Egypt — is looking to finance expansion plans through the offering. The company plans to invest […]