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Thursday, 31 March 2022

OC named most valuable Egyptian brand

Brand Finance has named Orascom Construction as Egypt’s most valuable brand, valuing it at USD 558 mn. Rounding out the top five of the country’s most valuable brands: National Bank of Egypt, Eastern Company, Banque Misr, and CIB. The leading private-sector bank was also named the strongest brand in the country.

Egypt joins the first wave of the GCCA’s Net Zero Accelerators Initiatives: Egypt was among emerging markets selected to be part of the first wave of the Global Cement and Concrete Association’s Net Zero Accelerator program, the association said in a statement. The initiative will help cement and concrete producers “decarbonize” their infrastructure and switch up their practices to line with the GCCA’s 2050 Net Zero Roadmap. Egypt joins India, Thailand and Colombia, which collectively make up 10% of global cement and concrete production, the statement said.

CIB is partnering with waste management startup Bekia to collect and recycle damaged bank cards, as part of the bank’s efforts to reduce its carbon footprint, said in a statement (pdf).

Food ordering app Talabat Egypt has partnered with Ibrahim Badran Foundation, which provides charitable medical services to remote communities, it said in a statement (pdf). Talabat users can use the app to donate to the foundation.

BonelliErede is moving into Libya in partnership with Zahaf & Partners, the law firm said (pdf), noting that it has also recently opened offices in Cairo, Addis Ababa and Dubai.

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; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.