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Author Archives: enterpriseam admin
Posted inAutomotive
Malaysian automaker Proton cuts the ribbon on EGP 3 bn assembly plant
The factory will start assembly of Proton’s Saga model next month
Posted inManufacturing
KSA’s Zamil Steel Construction plans to set up new heavy steel plant in Egypt
The factory will eventually export over 50% of its output
Posted inFINANCIAL SERVICES
GlobalCorp to increase issued and paid-in capital to fuel service portfolio expansion
The firm will raise its issued capital to EGP 1.5 bn and its paid-in capital to EGP 1.4 bn by year end
Posted inEnergy
Four international oil and gas firms secure offshore and onshore concessions across Egypt
The winners will drill a minimum of 14 wells, with at least USD 71 mn worth of investments
Posted inEARNINGS WATCH
Macro Group sees an uptick in 3Q net income after a difficult 9M. PLUS: Al Baraka Bank’s net income up 51.9% y-o-y in 3Q
Macro’s revenues also fell 46% y-o-y to EGP 319 mn
Posted inMoves
PwC taps Yasmine Hammad as transfer pricing partner
PwC Middle East has appointed Grant Thornton’s Yasmine Hammad (LinkedIn) as transfer pricing partner, she said in a LinkedIn post. Hammad joins the Big Four accounting firm after eight years with the Finance Ministry, in addition to two years as a transfer pricing partner at SBA-Grant Thornton and three years as Deloitte Middle East’s transfer […]
Posted inLAST NIGHT’S TALK SHOWS
Israeli finance minister’s calls to annex the occupied West Bank sparks anger and condemnation on the airwaves
Last night’s airwaves were dominated by Israeli Finance Minister Bezalel Smotrich's statements calling Israel to impose sovereignty and expand settlements in the West Bank, with extensive coverage of Egypt's condemnation of the far-right minister's remarks across the channels. Egypt condemns Israeli minister's “extremist” settlement remarks: The Foreign Ministry strongly condemned remarks by Israeli Finance Minister […]