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Good morning, all. In today’s issue we dive into Elsewedy Electric’s upcoming USD 500 mn subsea cable factory — the first in the region — Talabat’s acquisition of Instashop, and January’s auto sales, which saw a little dip following months of increases. So, when do we eat? Maghrib prayers are at 5:59pm in the capital, […]
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 inManufacturing
Elsewedy Electric is setting up USD 500 mn subsea cable factory — the region’s first
The entirety of the factory’s output will be exported
Posted inM&A WATCH
Talabat fully acquires Instashop from parent company Delivery Hero for USD 32 mn
Instashop will continue to operate as an independent brand, under Talabat’s grocery and retail vertical
Posted inAutomotive
January’s auto sales dip from two-year high seen in December
The market saw a 61.4% increase in total vehicle sales in January, reaching 10,1k compared to 6.3k units y-o-y
Posted inTrade
Egyptian-Moroccan Business Council sets up investment platform
The platform will include a database of projects, hold virtual meeting spaces, and offer AI-powered investment recommendations
Posted inEnergy
Shell and partners withdraw from their Red Sea blocks
PLUS- BP wraps up drilling at its El Fayoum-5 gas well
Posted inM&A WATCH
Regional M&A activity was up 3% y-o-y in 2024
Cross-border transactions accounted for 74% of total M&A value in the region