• Tuesday, 14 March 2023

    Earnings Watch: EFG Hermes

    The EGX30 fell 1.1% at today’s close on turnover of EGP 997 mn (32.6% below the 90-day average). Local investors were net sellers. The index is up 2.1% YTD.In the green: Orascom Investment (+2.7%), Palm Hills Development (+1.9%) and Sidi...
  • Tuesday, 14 March 2023

    Earnings Watch: EFG Hermes

    The EGX30 fell 1.1% at today’s close on turnover of EGP 997 mn (32.6% below the 90-day average). Local investors were net sellers. The index is up 2.1% YTD.In the green: Orascom Investment (+2.7%), Palm Hills Development (+1.9%) and Sidi...
  • Wednesday, 18 January 2023

    ECB follows the Fed to hint at slower rate rises + Gnarly 4Q results for Wall St majors

    Slower rate hikes in Europe? Officials at the European Central Bank (ECB) are mulling a slower pace of rate hikes than the 50-basis point increases for February and March that ECB President Christine Lagarde penciled in last month, Bloomberg reports,...
  • Tuesday, 1 March 2022

    Meet our analyst of the week: Zilla’s Mohamed Rady

    OUR ANALYST OF THE WEEK- Mohamed Rady, investment banking senior associate at Zilla Capital (LinkedIn).My name is Mohamed Rady and I’m an investment banking senior associate at Zilla Capital. I graduated from AUC, where I majored in accounting and minored...
  • Sunday, 10 October 2021

    EFG Hermes, SFE get cabinet signoff on Arab Investment Bank acquisition

    M&A WATCH- EFG Hermes and the Sovereign Fund of Egypt have received cabinet approval for their acquisition of a 76% stake in the Arab Investment Bank (AIB), according to a decision published in the Official Gazette and picked up by...
  • Wednesday, 19 May 2021

    Earnings Watch: EFG Hermes, IDH

    EARNINGS WATCH- EFG Hermes’ net income more than tripled to EGP 292 mn in 1Q2021, up from EGP 90 mn in the same period last year, the financial services giant said in its earnings release (pdf) this morning. Revenues jumped...
  • Sunday, 18 April 2021

    Hesham Gohar tapped as CI Capital CEO

    CI Capital has appointed Hesham Gohar (LinkedIn) as CEO after Hazem Badran (bio) and Tarek Tantawy (LinkedIn) stepped down from their positions as co-CEOs and managing directors, effective 20 May, according to a press release (pdf). Badran, who joined CI...
  • Wednesday, 17 March 2021

    Earnings Watch: EFG Hermes

    The EGX30 fell 1.1% at today’s close on turnover of EGP 997 mn (32.6% below the 90-day average). Local investors were net sellers. The index is up 2.1% YTD.In the green: Orascom Investment (+2.7%), Palm Hills Development (+1.9%) and Sidi...
  • Thursday, 11 February 2021

    What we’re tracking on 11 February 2021

    Good morning, friends. We made it through another workweek together.Anyone else find it a bit … surreal? … to think that it’s the 10-year anniversary of Hosni Mubarak’s resignation, which followed 18 days of protest back in 2011?THE BIG STORY...

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.