• Sunday, 9 February 2020

    Fuel delivery app Cafu to launch in Egypt

    STARTUP WATCH: Fuel delivery app Cafu is coming to Egypt: Dubai-based fuel delivery app Cafu will soon enter the Egyptian market, the company said on Linkedin last week, without providing further details. The company shared pictures of its new billboards...
  • Tuesday, 4 February 2020

    What we’re tracking on 4 February 2020

    It’s data day: The purchasing managers’ indexes for Egypt, Saudi Arabia and the UAE are out today at 6:15am CLT — you’ll find them here when they’re released. Meanwhile, the Central Bank of Egypt will release today its foreign reserves...
  • Monday, 3 February 2020

    What we’re tracking on 3 February 2020

    The results of the 2020 Enterprise Reader Survey are in. Altogether, businesses in Egypt say they fared relatively well in 2019 and optimism is making a comeback for 2020. Other key takeaways from the poll, which we carry in full...
  • Sunday, 2 February 2020

    What we’re tracking on 2 February 2020

    The business community is mourning Khaled Bichara, who tragically passed away on Friday in a car accident on the Ring Road near El Remaya Square. Bichara was an iconic startup founder who went on to become CEO of Orascom Development...
  • Thursday, 30 January 2020

    CBE green-lights First Abu Dhabi Bank due diligence on Bank Audi

    M&A WATCH- CBE green-lights First Abu Dhabi Bank due diligence on Bank Audi: The Central Bank of Egypt (CBE) has given the go-ahead to First Abu Dhabi Bank (FAB) to conduct due diligence on Bank Audi’s Egypt arm ahead of...
  • Tuesday, 28 January 2020

    Abu Dhabi Development Holding to buy stakes in four NIB companies

    Abu Dhabi Development Holding to invest in four NIB companies: The Abu Dhabi Development Holding Company (ADDH) and unnamed Emirati investors have agreed to invest in four companies held by the National Investment Bank (NIB), bank CEO Mahmoud Montasser told...
  • Sunday, 26 January 2020

    First Abu Dhabi Bank confirms acquisition talks with Bank Audi

    M&A WATCH- First Abu Dhabi Bank (FAB) has confirmed it is in talks to acquire Bank Audi’s Egypt unit in a statement (pdf) to the Abu Dhabi stock market. The bank said that a “working group” had been set up...
  • Thursday, 23 January 2020

    Alcazar to bid for 450 MW solar, wind plants

    Dubai’s Alcazar Energy is bidding for two renewable energy tenders — one wind plant and one solar plant — in the West Nile region with a combined capacity of 450 MW, unnamed sources told the local press. This comes a...
  • Thursday, 23 January 2020

    Fawry to debut in UAE in 1Q2020

    Fawry to make its UAE debut this quarter: Egyptian e-payments company Fawry is planning to launch in the UAE during 1Q2020 alongside the Dubai Islamic Bank, Managing Director Mohamed Okasha said, according to Al Mal. The company held a trial...

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.