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Saudi conglomerate Al Rashed did not exit its investments in Egypt, as was reported incorrectly in some media outlets yesterday. The company just restructured its EGP 6.1 bn in holdings in 13 Egyptian companies to be under its subsidiary RIMCO EGT, as Director Karim Radwan explained to Al Borsa. Radwan says the Al Rashed plans […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Elnaggar appointed ECHEM Chairman
MOVES- Yasser Elnaggar was appointed Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), Al Mal reported. Elnaggar was Deputy Chief of Mission and Minister Plenipotentiary at the Egyptian embassy in Washington, DC. He was also a board member of ECHEM.
Posted inSpeed Round
ODH appoints CFO, new members of executive management
MOVES- Orascom Development Holding appointed Ashraf Nessim as Chief Financial Officer and an Executive Management member after having already served in this function on an ad interim basis since May 2016. The company also appointed Nermine Faltas, Group Chief Human Resources & Organization Development Officer, and Tarek Gadallah, Group General Counsel as members of the […]
Posted inSpeed Round
PSA Group finalizes agreement to buy GM’s European brands including Opel/Vauxhall
Peugeot-Citroen has reached an agreement with General Motors to buy its European unit, including the Vauxhall and Opel operations, BBC news reports. PSA Group, the owner of Peugeot-Citroen, would, after the agreement, become Europe's second largest carmaker, behind Volkswagen but overtaking Renault-Nissan. The transaction is valued at EUR 2.2 bn, according to Bloomberg, and PSA […]
Posted inSpeed Round
Enterprise is hiring
*** COME WORK WITH US. We’re looking for bright, talented writers and analysts to join our team to work on the current Enterprise Morning Edition and new products we have in the pipeline. You’re likely an equities / macro / research analyst, IR professional or journalist, but we’re less interested in your formal education than […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inSpotlight
Spotlight on Egypt as the belle of the ball in regional diplomacy
Spotlight on Egypt as the belle of the ball in international diplomacy Egypt has found itself being courted by numerous international powers, all with varying agendas that see the country as crucial to implementing their goals in the Middle East. This appears to be giving Egypt significant leverage on the international arena, allowing it to […]
Posted inImage of the Day
Will Smith visits The Egyptian Museum
The Fresh Prince meets the boy king: Will Smith looks like he enjoyed Cairo. After seeing the Giza Pyramids, he visited the Egyptian Museum and snapped selfies with relics there, including the mask of Tutankhamun. In related news, the bigger, more organized Grand Egyptian Museum will be opened mid-2018, Antiquities Minister Khaled El Enany announced. […]
Posted inEGYPT IN THE NEWS
Float like an Egyptian Nigeria, says Reuters
In a thankfully slow night for Egypt in the foreign press, we have managed to catch some interesting reads (both good and bad). Reuters is running an analytical piece which again cautions Nigeria to follow in Egypt’s footsteps and adopt a full devaluation of the EGP. Those afraid of a currency collapse need only to […]
Posted inEGYPT IN THE NEWS
Man claims Egypt is teaming up with Uganda against Ethiopia
Egypt is pursuing a “sneaky military strategy against Ethiopia’s Grand Ethiopian Renaissance Dam (GERD),” some guy called James Moises, identified as a former Ugandan intelligence agent, told the South Sudan News Agency. Spy Kid Moises also says he has information that Egypt is assisting South Sudanese government in its war against the Sudan People’s Liberation […]