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President Abdel Fattah El-Sisi had a busy day on the sidelines of the WorldGovernment Summit in Dubai, meeting with IMF Managing Director Kristalina Georgieva, UAE Vice President and Prime Minister Mohammed bin Rashed Al Maktoum, and private sector executives. El Sisi x Georgieva: Our USD 3 bn loan agreement with the IMF — and the […]
Author Archives: enterpriseam admin
Posted inAlso on our Radar
USD 1 bn for expansion at CIB, the wind-down of CVentures, and pharma goods stuck in port?
BANKING- CIB could raise USD 1 bn for expansion: CIB is seeking regulatory approval to issue financial instruments worth up to USD 1 bn or the equivalent in EGP or other currencies to finance the bank’s expansion, according to an EGXdisclosure(pdf). The bank provided no additional information about what it plans to do. FINTECH- Is […]
Posted inLAST NIGHT’S TALK SHOWS
El Sisi’s warm words for our Gulf neighbors get top billing
All eyes were on Dubai on last night’s talk shows as President Abdel Fattah El Sisi sought to draw a line under recent controversy stirred up online over Gulf-Egypt relations during his attendance at the World Government Summit in the UAE. A message of gratitude to the Gulf: “Without the support of our brothers in […]
Posted inEGYPT IN THE NEWS
Political memoirs and pets headline a very quiet morning
It’s a very quiet day for Egypt in the international press. Setting the tone: The Associated Press’ Jon Gambrell’s “Egypt’s president praises UAE, seeking to heal Gulf aid rift,” covering President Abdel Fattah El Sisi’s remarks in the Emirates yesterday — and the favorable reception they received from a top UAE diplomat. MEANWHILE- The Financial […]
Posted inPLANET FINANCE
IMF praises Gulf economies on move away from oil + GCC equities left out of EM tear
IMF gives the Gulf tub-tubs on battling its oil dependency: Oil-producing Gulf countries have been successful in diversifying their economies by advancing private investments and collecting more taxes, IMF chief Kristalina Georgieva said during the World Government Summit in Dubai, Bloombergreports. Georgieva dismissed the “impression” that Gulf nations were only progressing due to higher oil […]
Posted inCALENDAR
FEBRUARY 13-15 February (Monday-Wednesday): The Egypt Petroleum Show (Egyps), Egypt International Exhibition Center, Cairo. 13-15 (Monday-Wednesday): World Government Summit, Dubai. 19 February (Sunday): Senate reconvenes. 23-27 February (Thursday-Monday): Annual Business Women of Egypt’s Women for Success conference. MARCH March: 4Q2022 earnings season. March: Gov’t to launch the National Governance Index. 3 March (Friday): Journalists’ Syndicate […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: Updates on privatization plans for United Bank, Pachin, and Helwan Fertilizers + Another mass shooting in the US
Happy hump day and Valentine’s Day, all rolled into one, friends. It’s one of those unexpectedly brisk midweek days here in Omm El Donia as we race towards the weekend. THE BIG STORY TODAY Where United Bank, Pachin, and Helwan Fertilizers’ privatization plans currently stand: Two Saudi banks — Tadawul-listed Riyad Bank and Al Rajhi […]