Good afternoon, ladies and gentlemen. We’re getting over the midweek hump as earnings season here in Omm El Donia is going strong.

THE BIG STORY TODAY

There’s a downpour of earnings today as the 2Q season draws to a close. Among the companies out with earnings: Edita, Rameda Pharma, E-Finance, Contact Financial, and Orascom Development.

^^ We’ll have the full breakdown of all these companies’ results in tomorrow’s edition of EnterpriseAM.

THE BIG STORY ABROAD

Picking up where we left off this morning, former US President Donald Trump has officially been indicted for the fourth time this year for allegedly attempting to overturn his loss in Georgia in the 2020 presidential election. A grand jury charged 19 people in total, including Rudy Giuliani and former chief of staff Mark Meadows. The story is on the front pages of the Financial Times, the Wall Street Journal, and Reuters this afternoon.

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • The UAE is supplying us with wheat: Egypt has signed a USD 500 mn agreement to purchase wheat from Emirati agribusiness Al Dahra.
  • Operation Attract FX just expanded: State institutions are inviting Egyptian citizens living abroad to purchase new USD-denominated pension certificates as the government continues to try and attract new hard currency inflows and ease the deepening FX crunch.
  • Central bank completes T-bill auction: The Central Bank of Egypt (CBE) sold EUR 626.4 mn in one-year EUR-denominated T-bills in an auction yesterday.

MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.

TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations soon.

Do you want to become a commercial partner? Ping a note to Moustafa Taalab, our head of commercial.

LISTEN TO OUR PODCAST-

MISSED OUR PREVIOUS FORUMS? The EnterprisePodcast has you covered : The Enterprise Podcast’s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum and Enterprise Climate Forum.

WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast | Anghami.

IN THIS WEEK’S EPISODE- It’s the very first panel of the Enterprise Climate Forum: Egypt brought home major victories from COP27, signing framework agreements for about USD 85 bn worth of green hydrogen projects, and announcing more than USD 10 bn in funding for the Nexus for Food, Water and Energy (NWFE) program. While we have a long way to go before much of the wins from COP27 will be tangible to the private sector, the opportunities in green hydrogen and NWFE are “now.” Our panelists helped explain how these two can be made actionable. We were joined by Jorgo Chatzimarkakis, CEO of Hydrogen Europe, Khalid Hamza, Director and head of Egypt at the European Bank for Reconstruction and Development, and Khaled Naguib, CEO of Hydrogen Egypt.

☀️ TOMORROW’S WEATHER- The mercury is set to peak at 39°C, while the nighttime low is forecasted at 24°C, according to our favorite weather app.

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