• Wednesday, 3 August 2022

    Vitro could invest USD 400 mn in Egypt + more interest from Qatari investors

    One of the world’s largest glass companies could be coming to Egypt: Mexican glass manufacturer Vitro plans to expand to Egypt and invest USD 400 mn to build two factories, GAFI head Mohamed Abdel Wahab said at a meeting with...
  • Thursday, 28 July 2022

    Could tensions still thaw with Turkey? Plus: We really like Qatar now, PM says.

    Rapprochement between Cairo and Ankara isn’t off the table: Egypt and Turkey could hold high-level talks, with talks between lower-level officials still ongoing, Turkish President Recep Tayyip Erdogan claimed in an interview with a Turkish broadcaster, according to Reuters. Turkey...
  • Wednesday, 6 July 2022

    Boomtime over? Tecom shares fall in Dubai debut

    Another sign that the Gulf IPO boom may have peaked: Dubai business park operator Tecom Group dropped as much as 17% in its trading debut in Dubai yesterday, in a fresh sign that Gulf markets are finally feeling the same...
  • Sunday, 3 July 2022

    …As we have stories like these

    Court strikes down case against Qatari + other Arab investors: An Egyptian court last week acquitted a number of Arab investors connected to Qatari Diar of tax evasion, according to a document seen by Enterprise.What tax evasion case? Qatar’s Barwa...
  • Tuesday, 28 June 2022

    More promising sounds on incoming Qatari investment, this time from Maait

    Qatari officials have discussed investing USD 2-3 bn in the local market in talks with the Madbouly government, Finance Minister Mohamed Maait told reporters on the sidelines of Amcham’s annual general meeting yesterday, according to Al Mal. The inflows would...
  • Sunday, 26 June 2022

    Qatari Emir Sheikh Tamim’s visit takes top billing

    The visit by Qatari Emir Sheikh Tamim bin Hamad Al Thani to Egypt led the conversation at home with coverage from Kelma Akhira (watch, runtime: 1:41), Al Hayah Al Youm (watch, runtime: 3:47), Al Youm (watch, runtime: 2:48) and others.In...
  • Sunday, 26 June 2022

    Qatari Emir is in Cairo + Ethiopia accused the EU of taking sides

    Qatari emir in Cairo as tensions thaw further: Qatari Emir Sheikh Tamim bin Hamad Al Thani held discussions with President Abdel Fattah El Sisi on Saturday, during the Sheikh’s first visit to Egypt since the two countries normalized relations in...
  • Thursday, 23 June 2022

    Capricorn Energy doesn’t want a merger + Biden eyes petrol tax holiday

    A second shareholder in Capricorn Energy has come out against the proposed GBP 1.4 bn merger with rival producer Tullow Oil, the Financial Times reports, saying there was no benefit in the transaction for Capricorn and that it would slow...
  • Wednesday, 22 June 2022

    It’s been a big week for diplomacy

    Egypt-Qatar business ties continue to grow: Trade and Industry Minister Nevine Gamea invited Qatari companies to visit Egypt to discuss potential investments during talks in Doha this week that saw the two sides revive a joint business council eight years...

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