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Global consultancies shortlisted for EGPC restructuring job: McKinsey & Company, Ernst & Young, Navigant Consulting and PricewaterhouseCoopers have been shortlisted to consult on the restructuring of the Egyptian General Petroleum Company (EGPC), unidentified sources tell Al Borsa. The mandate encompasses creating strategy on everything from lifting of fuel subsidies and increasing transparency to setting a […]
Author Archives: enterpriseam admin
Posted inSpeed Round
CBE clears EGX investor repatriation backlog
The central bank has cleared the backlog stock market investors looking to repatriate profits, a senior source told Al Borsa. The source said there are no longer any funds held by investors in the EGX stuck in Egypt.
Posted inSpeed Round
Sawiris says he’s making a political comeback
Is Naguib plotting his return to political life? Naguib Sawiris announced at a press conference that he was returning to politics to “press for more freedoms” now that his spell of frustration has waned, AFP says. The businessman criticized various legislations that passed the House while he was away (such as the legislation against religious […]
Posted inSpeed Round
Egypt not equipped to exploit gap in European market
The road to export success will be long and winding: Despite the cold winter hitting European imports of leafy green vegetables from Spain and causing shortages, Egypt was unable to exploit a gap in the European market, business development manager at Belco Amr El Beltagy tells Fresh Plaza. Egyptian producers and exporters either lack the […]
Posted inSpeed Round
GM in talks to sell European auto operations to Groupe PSA; US looks to rate hike
Among the international business news stories worth noting this morning: General Motors is in talks to sell its European auto operations to French auto manufacturer Groupe PSA, which owns Peugeot and Citroën, Reuters reports. The US Federal Reserve may be hiking interest rates at an upcoming meeting, Fed chairwoman Janet Yellen said, adding that that […]
Posted inSpeed Round
Inktank Communications is hiring an investor relations analyst
*** Investor relations analyst wanted: Inktank Communications, the Cairo-based investor relations firm that works with both major EGX-listed companies and privately held groups, is looking for two investor relations analysts. The position with our parent company entails working on everything from investor presentations, earnings releases, board material and client transactions to investor-focused press releases and […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
Blankfein thinks we are moving into a “growthier” environment
Goldman Sachs Chairman and CEO Lloyd Blankfein sees the Trump administration as one that promises a more optimistic outlook for the market environment in 2017. In Goldman Sachs’ weekly macroeconomic insights, he says: “the change in the market today is from a cycle where we were of very low economic activity… and it feels like […]
Posted inEGYPT IN THE NEWS
Israel withdraws ambassador, Mona Eltahawy alleges hacking
The only story on Egypt to have reached escape velocity is the news that “Israel has quietly withdrawn its ambassador to Egypt” over unspecified “security concerns.” The news has been widely picked up by the Israeli and European press, but has yet to make a dent on America, where the dominant story on Egypt this […]
Posted inOn Deadline
AMAY issues apology to UAE after running scathing op-ed
AMAY issues apology to UAE after running scathing op-ed: Calls to set up a branch of the Arab League in the UAE are a prelude to moving the headquarters out of Egypt altogether and signal a conspiracy against Egypt that belittles its contributions to the Arab world, Abdel Nasser Salama wrote in a column for […]