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Author Archives: enterpriseam admin
Net foreign asset surplus rises to USD 10.3 bn in September
This is the country’s fifth month in the green after our net foreign assets shifted from deficit to surplus in May
CSCEC subsidiary inks agreement to operate new capital’s business district
The agreement will see the consortium take over the operations of the district once construction is complete
Egypt hosts reps from Hamas and Fatah to discuss post-war Gaza
The meeting aimed to unite the two Palestinian factions as well as Gaza and the West Bank
Saudi Egyptian Developers secures EGP 4.4 bn from eight banks
PLUS- The EBRD will provide CIB with a EUR 25 mn unfunded financial guarantee for SME loans
EFG Hermes remains at top of the EGX brokerage league in October
Digital investment platform Thndr moved up to second place
Adib weighs in on Fitch Ratings upgrading our credit rating
On a calmer than usual night on the airwaves, two topics took over. El Hekayah’s Amr Adib had a lot to say about Fitch Ratings upgrading our credit rating to B and he interviewed an expert to weigh in on Egypt hosting Hamas and Fatah representatives yesterday. Adib’s two cents: “Egypt is currently catching its […]
Gov’t denies claims it received an Israel-bound arms shipment
It’s a busy morning for Egypt in the foreign press, with Reuters covering allegations that Egypt received an Israel-bound arms shipment, which the Transport Ministry was quick to deny, explaining that the shipment had been intended for and received by the Military Production Ministry. The Egyptian military in a separate statement made it clear that […]
Hospitality players’ EGP 50 bn subsidized loan program goes live. PLUS: News from Accor, Air Cairo, Somabay
The program was greenlit by the cabinet back in July