Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
FX reserves declined to USD 35.8 bn in January
Author Archives: enterpriseam admin
Posted inBanking
Egypt’s net foreign assets dropped 12% to USD 5.2 bn in December
The decline was driven by a widening deficit in the net foreign assets of commercial banks
Posted inManufacturing
Elsewedy Electric launches the largest telecom cables factory in the Middle East
The factory will have a production capacity of 4 mn km of fiber-optic cables
Posted inPHARMA
Eva Pharma inks technology transfer agreement to produce mRNA vaccines
The agreement will enable Eva Pharma to produce up to 100 mn doses per year of mRNA vaccines
Posted inAutomotive
Auto sales record highest figure in over two years in December
The total sales volume for the entire year grew 13.2% y-o-y
Posted inPolicy
EBRD, FinMin to set up EUR 10 mn fund to support PPPs
PLUS- The EBRD will also help the government carry out PPPs
Posted inCabinet watch
Cabinet signs off on new oil and gas agreements and more
The cabinet approved five concession agreements, that will see no less than USD 225.3 mn invested to drill at least 40 wells
Posted inKudos
Al Tamim & Company is the Regional Law Firm of the year
AND- Helmy, Hamza & Partners was named Egypt’s firm of the year
Posted inMoves
HSBC taps Karim Tannir to head its new MENA, Turkey banking division
HSBC has appointed Karim Tannir as head of the group’s new Middle East, North Africa, and Turkey banking division, Bloomberg writes, citing a staff memo. Tannir joined the bank in 2023 as vice chairman of global banking in the MENAT, after spending 25 years with JPMorgan.