• Thursday, 12 September 2019

    What we’re tracking on 12 September 2019

    Reactions to Tuesday’s unexpected inflation figures continue to roll in: August’s inflation figures could give the central bank room to cut rates by 150 bps between now and the end of the year Anita Yadav, vice chair of the Gulf...
  • Monday, 9 September 2019

    Egyptian e-payments platform Fawry plans Gulf expansion

    Fawry has big post-IPO plans in the Gulf: Egyptian e-payments platform Fawry plans to expand into the UAE by the end of 2019, and Saudi Arabia and Kuwait in 2020, Managing Director Mohamed Okasha told Reuters. The company is working...
  • Thursday, 5 September 2019

    Al Babtain looking to offer “substantial” stake on EGX in 2020

    IPO WATCH- Telecom company Al Babtain looking to IPO in 2020: Al Babtain Power & Telecommunication Egypt (ABPTE), a subsidiary of Saudi Arabia’s Al Babtain Power & Telecommunication Company, is in the final stages of negotiations with a number of...
  • Monday, 26 August 2019

    What we’re tracking on 26 August 2019

    All the local business press could talk about yesterday is how much the CBE’s rate cut on Thursday is a positive move for Egypt’s business climate. We have chapter and verse on what the move means for the state budget...
  • Monday, 19 August 2019

    What we’re tracking on 19 August 2019

    The central bank’s Monetary Policy Committee (MPC) is set to meet this Thursday, 22 August to review key interest rates. Our poll on Sunday showed three-quarters of economists predicting that the central bank will cut rates for the first time...
  • Wednesday, 14 August 2019

    Egypt’s first IPO this year sees shares up 31% on the first day of trading

    IPO WATCH- Fawry IPO ― the first this year ― sees shares up 31% on the first day of trading: The IPO of e-payments platform Fawry got off to a good start on the first day of trading, with shares...
  • Thursday, 8 August 2019

    What we’re tracking on 8 August 2019

    We’re officially on holiday in a few hours’ time: Civil servants will be on break to observe Eid Al Adha from Saturday through Wednesday, and resume work on Thursday, according to a cabinet statement. The central bank and EGX were...
  • Tuesday, 6 August 2019

    Fawry IPO’s retail offering 30x oversubscribed

    IPO WATCH- Fawry’s retail offering oversubscribed 30x: E-payments platform Fawry successfully completed the book-building process for its initial public offering, with the retail offering closing yesterday around 30x oversubscribed, the local press reported. The retail tranche covered 5% of the...
  • Tuesday, 6 August 2019

    EBRD considers buying 20% of Alexandria Container’s offering

    IPO WATCH- EBRD could snag 20% of shares offered in ACCH stake sale: The European Bank for Reconstruction and Development (EBRD) is considering purchasing around a fifth of the shares that will be offered in the secondary stake sale of...

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.