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Good morning, ladies and gentlemen. We are almost halfway through what is shaping up to be a very calm Ramadan. In today’s issue we dive into the IMF’s take on our economy — what’s working and what needs to be worked on — as highlighted in a statement that came out in the early hours […]
Author Archives: enterpriseam admin
Posted inAdvertiser
Somabay partners with Marriott International to launch an Autograph Collection Hotel, opening in 2027 with 194 sea-view rooms, world-class dining, and wellness facilities. This marks its second collaboration with Marriott after Sheraton Soma Bay (1999). Somabay is home to a collection of renowned hotels, including Kempinski, The Cascades, Robinson Club, and The Breakers, offering a […]
Posted inEconomy
IMF calls for increased efforts on the structural reforms agenda and more from its fourth review
The Board completed the fourth review of Egypt’s USD 8 bn program earlier this week, allowing for the disbursement of USD 1.2 bn
Posted inCapital markets
Gov’t readies new incentive package for listing on the EGX
Reduced taxation on new listings is among the incentives
Posted inEARNINGS WATCH
Orascom Development sees revenues rise 42.2% in 2024
When excluding FX losses, net income for the 12-month period increased 55.5% y-o-y
Posted inAlso on our Radar
Another Hassan Allam subsidiary secures Neom contract
PLUS- Finance in Motion plans to invest USD 100 mn in Egypt this year
Posted inPLANET FINANCE
Big banks rush into stablecoins
Stablecoin transactions hit USD 710 bn last month, up from USD 521 bn a year ago
Posted inCALENDAR
MARCH Arla Foods’ deadline for Domty acquisition offer. Alwaad Investment to inaugurate a new cold beverage plant with an annual production capacity of 14.5 mn units. Al Ahly Sabbour to finalize preparations for its EGX listing, offering 20-25% of its shares, with an advisor to be tapped in early 2025. March-April 2025: The government plans […]