Good afternoon, ladies and gentlemen. We’re writing to you shortly after wrapping up a phenomenal first day of the Enterprise Finance Forum, during which we were thrilled to meet so many of you face-to-face and have interesting conversations on stage about an industry that is near and dear to us. We very much look forward to continuing these insightful discussions tomorrow.

THE BIG STORY TODAY

Shares in the Ad ministrative Capital for Urban Development Company may soon be up for grabs: The owner and developer of the New Administrative Capital is planning to sell 5-10% of its shares on the bourse in the first half of 2024, Asharq Business reports, citing the chairman of the company Khaled Abbas. The company is said to possess liquid assets of EGP 100 bn and up to EGP 4 tn in assets under management.

The Enterprise Finance Forum continues tomorrow at the St. Regis Hotel on the Nile Corniche. This flagship forum is the latest in our must-attend series of invitation-only events, where CEOs, bankers, investors, founders, and corporate leaders will meet to discuss the trends shaping the future of banking, finance, NBFIs, and fintech — and of their clients.

This invitation-only event begins at 8:00am with a standing networking breakfast and will end at 1:20pm.

** Please bring your personal QR code with you again tomorrow to ensure access to the venue.

** There will be plenty of parking available at the venue for all those attending.

Tap or click here to view the FULL AGENDA with SPEAKERS.

** We are honored to count some of the region’s most important financial institutions as

our partners for this special event. The Enterprise Finance Forum could not take place without the support of our partners including Banque Misr, Al Baraka Bank, FABMISR, HSBC, Mashreq, Banque du Caire, CI Capital, Global Corp, Visa, Hassan Allam Utilities, the IFC, and Post for Investment.

THE BIG STORY ABROAD

The US-Iran prisoner swap is leading the conversation in the International press, as five US citizens and their relatives will be transferred out of Tehran via a Qatari plane. This swap comes through a Doha-brokered agreement that intends to see up to USD 6 bn in frozen Iranian assets in South Korea released. The assets have been released on the condition of being used for humanitarian purposes only. Of the released Iranian detainees from the US, two will return to Tehran, two will remain in the US based on their request, and another will join their family in another nation. (Reuters | Bloomberg | Associated Press)

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

Happening today- President Abdel Fattah El Sisi is heading to the UAE to meet with his counterpart Sheikh Mohamed bin Zayed Al Nahyan, ruler of the UAE, to discuss regional concerns, and to strengthen the relations and cooperation between the two nations, according to an Ittihadiya statement.

☀️ TOMORROW’S WEATHER- The temperatures will peak at a moderate 35°C in the daytime and drop to a cooler 22°C in the evening, according to our favorite weather app.

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