• Thursday, 27 October 2022

    Another subsea cable for our regional data hub ambitions

    Telecom Egypt inaugurated its Red2Med submarine cable which runs from Ras Ghareb’s Red Sea to Port Said’s Mediterranean through the Suez Canal, according to a statement. The cable is the “shortest, fastest and most secure way to transfer data between...
  • Monday, 12 September 2022

    Egypt repatriates looted artifacts from Belgium

    Belgium has returned two artifacts to Egypt that were smuggled illegally out of the country, the Tourism Ministry said in a statement yesterday. The two statues, one of a wooden ushabti and another from the Old Kingdom period, were seized...
  • Thursday, 25 August 2022

    Adly Mansour transit hub now has an electric bus charging station

    Elsewedy launches electric bus charging at the Adly Mansour transit hub: Elsewedy Transport & Distribution has started operating electric bus charging facilities at Adly Mansour station, it said in a statement (pdf) yesterday. The transit hub connects five different modes...
  • Sunday, 12 June 2022

    ETA tries to help investors

    The Egyptian Tax Authority (ETA) has established an investors’ support unit to resolve hurdles facing investors as part of the government’s privatization push, according to an ETA statement.Other things we’re keeping an eye on this morning: President Abdel Fattah El...
  • Tuesday, 9 November 2021

    CIRA's net income rises 31% in FY2020-2021 amid enrollment boost

    CIRA extends growth run in FY2020-2021: Cairo for Investment and Real Estate Development (CIRA) announced a 31% rise in its net income to EGP 350.8 mn in its 2020-2021 fiscal year, which ended on 31 August, according to the company’s...
  • Tuesday, 12 October 2021

    ESG reporting is coming to Egypt in 2023 (Part II)

    POLL- ESG reporting is becoming mandatory in Egypt in 2023. Are EGX-listed companies ready for it? EGX-listed firms and NBFS companies will be required to file mandatory annual ESG reports starting from 2022. In Part 1, we talked about what...
  • Thursday, 9 September 2021

    TONIGHT: August inflation figures up slightly. + Dates set for exporters to receive subsidy arrears. ALSO: Egypt officially a member state of Africa Finance Corporation.

    Are we the only ones who feel as if the whole country woke up this week and tried to cram about two months’ worth of business into the past five or so workdays? Not that we’re complaining. As The Colonel...
  • Monday, 6 September 2021

    Elsewedy Electric subsidiary signs EPC contract in Ghana

    Elsewedy returns to Ghana: Elsewedy Electric for Transmission and Distribution of Energy signed a USD 16.7 mn EPC contract to build a substation for Ghana’s state-owned electricity company, it said in a bourse filing (pdf) last week. The company will...
  • Monday, 7 December 2020

    Also on our radar on 7 December 2020

    Egypt aims to raise local wheat production to 3.5 mn feddans this season, up slightly from 3.4 mn feddans last year, Reuters reports, citing an Agriculture Ministry official. Some 900k feddans have been planted since the start of the season...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.