• Thursday, 31 October 2019

    Investment in Egypt’s sovereign fund discussed with UAE’s Khalaf Al Habtoor

    El Said pitches Al Habtoor to invest with SWF: Planning Minister Hala El Said met with UAE businessman Khalaf Al Habtoor of Al Habtoor Group to potentially invest in Egypt’s EGP 200 bn sovereign wealth fund, according to a cabinet...
  • Monday, 28 October 2019

    Jordanian authorities sign off on Uber-Careem merger

    Jordanian authorities sign off on Uber-Careem merger: Jordan’s Industry, Trade, and Supply Minister Tariq Hammouri last week approved Uber’s planned USD 3.1 bn acquisition of Careem after deciding that the transaction would have “limited” negative effects on the market, the...
  • Sunday, 27 October 2019

    Egypt rises six spots to 114th in World Bank’s Ease of Doing Business report

    Egypt jumped six spots to rank 114th out of 190 countries in the World Bank Group’s 2020 Ease of Doing Business report (pdf), up from 120th last year. The country’s score rose to 60.1 from 58.56 and is among 42...
  • Tuesday, 15 October 2019

    Tourist spending around the globe

    Putting the size of our tourism industry into perspective: The map above from HowMuch.net uses World Tourism Organization data to create a visual representation of how much tourists spend in several countries, and adjusts each country’s physical size to correlate...
  • Monday, 14 October 2019

    Undeterred by protests, MENA fund managers plan to boost Egypt investments

    MENA fund managers plan to boost their Egypt investments, seemingly undeterred by recent protests: MENA-based funds plan to increase their investments in Egypt, despite recent political protests, while keeping their exposure in the rest of the region unchanged, according to...
  • Thursday, 3 October 2019

    OCI NV, ADNOC complete fertilizer merger

    M&A WATCH- OCI NV, ADNOC fertilizer merger done and dusted: Abu Dhabi National Oil Company (ADNOC) has completed its merger into Orascom Construction Industries (OCI) NV’s nitrogen fertilizers production MENA platform, the local press reported. OCI agreed in June to...
  • Wednesday, 2 October 2019

    Egypt withdraws USD 4 bn contract with Al Nowais for 2.65 GW coal plant

    INVESTMENT WATCH- Looks like the Al Nowais “clean coal” project may not happen after all: The Electricity Ministry has withdrawn a contract with the UAE’s Al Nowais to build a USD 4 bn, 2.65 GW “clean coal” power station in...
  • Sunday, 22 September 2019

    Twitter suspends Egypt, UAE accounts for “platform manipulation”

    Twitter has permanently suspended 271 accounts based in Egypt and the UAE, citing a “multi-faceted information operation” targeting Qatar and Iran, the social media platform said. The accounts were created and managed by DotDev, a tech company operating in Egypt...
  • Thursday, 12 September 2019

    El Molla talks investment in Egypt with Emirati oil company heads

    Oil Minister Tarek El Molla met yesterday with Emirati Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Al Jaber to talk investing in Egypt’s oil and gas sector, according to a ministry statement. El...

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.