Good morning, wonderful people, and a very happy Tuesday. The news cycle is picking up pace a little — though not too much — as we hit the midweek.
THE BIG STORY here at home: It’s another mixed bag this morning with no one story dominating local headlines. An update may be imminent on Heliopolis Housing’s negotiations to bring on a Gulf co-developer for its Heliopark project. Elsewhere, there’s a smattering of M&A news in the financial sector and another firm is lining up to launch a digital bank. Read on for all the details.
HAPPENING TODAY-
Foreign Minister Sameh Shoukry is in Tunis today to meet with his Tunisian counterpart Nabil Ammar, the ministry said in a statement yesterday, without giving further details. Shoukry will also meet President Kais Saied to deliver a message from President Abdel Fattah El Sisi, the statement reads.
WATCH THIS SPACE-
Gulf real estate investment incoming? Developers including Qatari Diar and Dubai’s Emaar Properties are in talks with the General Authority for Investment (GAFI) on expanding their business in Egypt, GAFI head Hossam Heiba was reported by local media outlets as saying during a press conference. Heiba did not give further details.
AND- GAFI will launch its new digital platform within days, Heiba was quoted as saying. The platform will provide investors with the services to establish companies, authenticate contracts at notary offices, and register using electronic signatures among other services. It was originally set to launch in April.
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There’s once again no single BIG STORY ABROAD in the front pages of the foreign press this morning. In the business pages, many are taking note of Vaibhav Taneja’s appointment as CFO at Tesla, after company veteran Zach Kirkhorn stepped down on Friday. Tesla shares fell 1% in New York on Monday. (Reuters | Bloomberg | WSJ | FT | CNBC | CNN).
CIRCLE YOUR CALENDAR-

The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.
TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations soon.
Do you want to become a commercial partner? Ping a note to Moustafa Taalab, our head of commercial, or fill out this form and we’ll be in touch.
Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.
LISTEN TO OUR PODCAST-
MISSED THE ENTERPRISE EXPORTS AND FDI FORUM? The EnterprisePodcast has you covered : The Enterprise Podcast’s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,which took place in May. Throughout, we learned lessons from some of Egypt’s biggest exporters on how Egypt can export its way out of a crisis. We heard everything from how to build an exports and FDI strategy, to identifying a foreign partner and tapping into a global supply chain.
WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast | Anghami.
IT’S THE FINAL EPISODE- Our final panel of the day was, naturally, the most forward looking. Our panelists discussed how the companies — be they in age-old industries or emerging ones — have adapted to changes to better position their businesses for an uncertain future. We were joined by Nadia El Tawil, investment officer at pan-African private equity firm AfricInvest, Mostafa Bedair , CEO of Giza Seeds and Herbs, and Abdallah Sallam, CEO of Madinet Masr.
OUR FORUM SERIES CONTINUES NEXT SUNDAY WITH THE ENTERPRISE CLIMATE FORUM- Fresh off the heels of a successful COP27, we held our first forum to dive deep into the fundamentals of what we think is the world’s most important industry. The conversations ranged from exploring the business opportunities for Egyptian entrepreneurs, companies and startups in climate, to demystifying green hydrogen, and how we finance our green transition. And we did it all in the Grand Egyptian Museum.

*** It’s Going Green day — your weekly briefing of all things green in Egypt: Enterprise’s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.
In today’s issue: We take a look at the environmental pros and cons of desalination.





