Author Archives: enterpriseam admin

Egypt’s planned eurobond roadshow will focus on Dubai, Abu Dhabi, London, New York, Boston, and Los Angeles, Al Mal reported. The eurobonds’ promoters and underwriters have completed their plans and expect them to be approved by the Finance Ministry within days, sources said. The USD 2.5-3 bn issuance is being managed by BNP Paribas, JPMorgan, […]

The Egyptian Competition Authority (ECA’s) decision to refer the Confederation of African Football (CAF) to prosecution over anti-competitive behavior is not an open invitation to pirate broadcasts of the African Cup of Nations, the ECA said. Organizations such as CAF have a duty not to abuse their position in the market, the ECA explained in […]

Health Ministry gives in on pricing for meds treating chronic conditions: The Health Ministry has reportedly agreed to pharma producers’ demands and will raise the prices of meds used to treat chronic diseases, sources tell AMAY. The ministry “had no choice” but to agree to the hike to avoid facing a shortage in those types […]

AMOC and Enppi in line to become the first state-owned companies to offer shares on EGX this year: Additional shares in Alexandria Mineral Oils Company (AMOC) could be offered on the EGX and petroleum industry contractor Enppi could IPO in the first phase of the state’s “IPO program” for publicly owned companies, Al Borsa reports.Investment […]

Reuters hits the trifecta this morning with stories on the public’s limited patience with the economic reform program, a note that the EGP is strengthening against the USD as demand from importers cools and a third piece suggesting that the rising price of building materials could send real estate prices up by as much as […]

MOVES- Naglaa Mousa Balabel has been appointed head of the Agriculture Quarantine Agency, the Agriculture Ministry announced. Balabel replaces Ibrahim Imbaby, who had been appointed to head the agency in March. The Agriculture Ministry gave no reason for the change, Reuters says, noting that “Imbaby had replaced Saad Moussa, who insisted that imported wheat should […]

Egypt beat Tunisia for the first time since 2002 in friendly held as a warm-up for the Pharaohs’ 2017 African Cup of Nations quest. Marwan Mohsen put the team ahead late in the game as the match ended 1-0 for Egypt. King Fut has the blow-by-blow as well as post-game commentary from coach Hector Cuper. […]

The Golden Globes are entering the home stretch as we write this. The New York Times is updating the list of winners in real time and The Guardian is doing an excellent job with its liveblog, and we’re a bit grumbly that The Americans have been left out. Also surprised that The Crown has taken […]