• Tuesday, 12 November 2019

    Last night’s talk shows for Tuesday, 12 November 2019

    A handful of topics got the nation’s talking heads chattering last night. Among the highlights were the Finance Ministry’s new fiscal targets for FY2020-2021, and a late-night, one-hour talk with Naguib Sawiris. Lamees spends an hour with Naguib: Al Kahera...
  • Tuesday, 5 November 2019

    Naguib Sawiris replaces Tamer El Mahdi as OIH CEO

    MOVES- Orascom Investment Holding Executive Chairman Naguib Sawiris will assume the position of CEO after Tamer El Mahdi submitted his resignation, effective 31 December 2019, the company said in a bourse disclosure (pdf). Sawiris previously served as CEO of the...
  • Monday, 21 October 2019

    Sawiris’ Ora in talks with Qatari Diar for 51% stake in Egypt’s CityGate

    M&A WATCH- Ora Developers in talks with Qatari Diar for 51% stake in CityGate: Naguib Sawiris’ Ora Developers is in “advanced talks” to acquire a 51% stake in the Qatari Diar-owned company developing the CityGate project in New Cairo for...
  • Thursday, 12 September 2019

    EBRD, Sawiris Foundation team up to develop Egyptian SMEs

    EBRD and SFSD team up to develop Egyptian SMEs: The European Bank for Reconstruction and Development (EBRD) and the Sawiris Foundation for Social Development (SFSD) are partnering up to support the development and expansion of SMEs in Egypt, focusing on...
  • Tuesday, 3 September 2019

    Naguib is waiting on the Mineral Resources Act’s exec regs before deciding on gold investments in Egypt

    Naguib is waiting on Mineral Resources Act exec regs before deciding on gold investments in Egypt: The executive regulations to the newly-ratified Mineral Resources Act will determine whether or not Naguib Sawiris will invest in Egypt’s gold and copper mining...
  • Sunday, 12 May 2019

    What we’re tracking on 12 May 2019

    Welcome to another workweek, ladies and gentlemen — and to week two of Ramadan.Driving the agenda this week (caffeine withdrawal aside): Earnings season will hit a crescendo. Results from those companies that have so-far reported have been generally solid; The...
  • Thursday, 11 April 2019

    OIH bid for Nile Sugar draws controversy, company defends its stance

    M&A WATCH- OIH bid for Nile Sugar draws controversy: Naguib Sawiris’ majority-owned Orascom Investment Holding’s (OIH) c. EGP 3.6 bn bid to acquire the Sawiris family-owned Nile Sugar Company is being questioned by analysts and minority shareholders, according to Mubasher....
  • Tuesday, 2 April 2019

    Sawiris looks to acquire license for SME-focused bank in Egypt

    Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt (CBE) introduces a relevant licensing mechanism, according to the domestic press. The report claims the celebrity bn’aire spoke with CBE...
  • Wednesday, 20 March 2019

    Gemini Holding hires Beltone as financial advisor on Nile Sugar acquisition

    M&A WATCH- Gemini taps Beltone to advise on Nile Sugar acquisition: Gemini Holding has hired Beltone Financial as its financial advisor on the potential acquisition of Nile Sugar by Orascom Investment Holdings (OIH), sources with knowledge of the matter tell...

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.