• Tuesday, 7 December 2021

    Today in Middle East detente: The UAE and Iran turn over a new leaf

    The UAE and Iran work to restore ties: The UAE’s national security chief held talks with the Iranian president in Tehran yesterday in the first official visit by an Emirati official to the country in almost 10 years. Ali Shamkani,...
  • Tuesday, 7 December 2021

    Mohamed Sekkina appointed Talabat Mart general manager

    Food ordering app Talabat has tapped Mohamed Sekkina (LinkedIn) as the new general manager of its grocery delivery service, Talabat Mart, reports Al Mal. Sekkina led the launch of Talabat Mart in Egypt and Oman in 2020, and headed the...
  • Sunday, 5 December 2021

    A Gulf-Lebanon detente

    A Gulf-Lebanon detente: French President Emmanuel Macron and Saudi Arabia’s Crown Prince Mohammed Bin Salman announced a joint initiative to address Lebanon’s economic crisis, effectively ending the diplomatic row between Lebanon and the kingdom. The initiative includes bringing back the...
  • Thursday, 2 December 2021

    THIS MORNING: You may (officially) SPAC now; Omicron in the Gulf + US; Major market reversal.

    Good morning, wonderful people, and welcome to the final workday of the week. We’ve only got four Thursdays left until the end of the year, so make them count. You may (officially) SPAC now: Investors can now establish blank-check firms...
  • Wednesday, 1 December 2021

    Turkish lira hits new record low as Erdogan doubles down on rates

    The nutter in Ankara has done it again… The TRY crashed to new record lows yesterday after Turkish President Tayyip Erdogan again refused to support raising interest rates, CNBC reports. The TRY fell to 13.47 yesterday against the greenback, smashing...
  • Monday, 29 November 2021

    Courier startup Bosta to expand to UAE, Saudi next year

    Bosta heads east: Egyptian courier startup Bosta will launch in the UAE and Saudi Arabia in 2022 following its bumper funding round earlier this year, Wamda reports. The expansion into the two countries — which together account for almost half...
  • Monday, 29 November 2021

    House approves multi-bn USD bank loan

    House says ‘yea’ to more Khaleeji money: A multi-bn USD bank loan agreed between the government and a syndicate of international banks led by Emirates NBD and First Abu Dhabi Bank earned approval by the House of Representatives yesterday, according...
  • Sunday, 28 November 2021

    A final offer?

    The Emirati consortium bidding to acquire upmarket developer SODIC will not up its bid again if shareholders reject the price of the ongoing mandatory tender offer, Al Shorouk reports. Aldar Properties and Abu Dhabi sovereign fund ADQ have already upped...
  • Thursday, 25 November 2021

    THIS MORNING: East Mediterranean Gas Forum meeting in Cairo today; Turkey, UAE sign huge investment pact; Merkel out, Scholz in.

    Good morning ladies and gents, and welcome to the end of yet another week — and the final Thursday of November. We only have five left of those this year, if you can believe that. Today we bring news 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.