Growth outlook for the current fiscal year was trimmed to 4.9% as uncertainty weighs on economic activity
Author Archives: enterpriseam admin
Posted inM&A WATCH
Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies
The CBE will by extension see its oversight of these companies increase as banks increase their stakes
Posted inPrivatization Watch
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this month that the state is looking to list or exit
Posted inEconomy
Moody’s affirms Caa1 as interest costs and the Iran war test fiscal gains
Government interest payments are projected to peak at roughly 63% of general revenue this fiscal year
Posted inIndustry
Local billet production can meet local demand, even without new production licenses, says Ezz Steel
Egypt imported some 4.7% of the world’s traded billets in 2024, amounting to some 2.6 mn tons
Posted inMoves
Valmore Holding names Moataz Kandil as CIO, Hani Shehata as COO
The investment giant brings on two veterans to lead its investment and operational transformation as it scales its international footprint and hard-currency portfolio.
Posted inAlso on our Radar
Egas and Arcius ink USD 500 mn FID for Harmattan gas field development
Plus: EBRD funds local fertilizer expansion, first Egyptian killed in regional war