{"id":557148,"date":"2021-09-08T04:00:27","date_gmt":"2021-09-08T04:00:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc\/"},"modified":"2021-09-08T04:00:27","modified_gmt":"2021-09-08T04:00:27","slug":"this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc\/","title":{"rendered":"THIS MORNING: More conferences start today; Longer EGX sessions coming? Egypt-Turkey wrap today; El Salvador crashes BTC."},"content":{"rendered":"

Good morning, friends, and welcome to a particularly busy Wednesday<\/strong>, packed with news about a long-awaited IPO, fresh investment, green bonds and the wellbeing of women employees.<\/p>\n

Need more proof the summer slowdown is officially over? <\/strong>It\u2019s been at leat a month and a half since our What\u2019s Happening Today section (below) was as packed as it is this morning.<\/p>\n

T<\/strong>HE BIG STORY ABROAD this morning:<\/strong> The Wall Street Journal isn\u2019t feeling that \u201cnew season, back-to-school\u201d vibe, writing that the \u201c<\/strong>US economy faces a slowdown just as it was set to take off<\/a><\/strong>. Covid seems it isn\u2019t yet done with the world\u2019s largest economy, and US stocks sank yesterday as a result. We have chapter and verse in this morning\u2019s Planet Finance, below.<\/p>\n

ALSO: <\/strong>The Taliban have named a government<\/a><\/strong>.<\/strong> It\u2019s about as progressive as you might expect. Everyone from Reuters<\/a> and the AP<\/a> to the WSJ<\/a>, the New York Times<\/a> and the BBC<\/a> have the news.<\/p>\n

<\/a> EGX trading sessions might be getting (slightly) longer<\/strong> \u2014 at least if Al Mal<\/a> is to be believed. The newspaper reported last night that the Financial Regulatory Authority is considering making the trading day 30 minutes longer by opening the market at 9:30am instead of 10, and closing at 2:30pm.<\/p>\n

WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n

<\/a> The two-day <\/strong>Egypt-International Cooperation Forum (ICF)<\/a><\/strong> kicks off today at the Nile <\/strong>Ritz-Carlton in Cairo.<\/strong> Hosted by the International Cooperation Ministry, the conference will bring together representatives from African and Arab governments, leading Egyptian and international businesses and banks, multilateral lenders, and international institutions including the UN, World Bank, OECD to discuss international development issues such as climate change and the pandemic. Check out the agenda here (pdf)<\/a><\/p>\n

On the sidelines:<\/strong> Foreign Minister Sameh Shoukry will hold talks with his counterparts from South Sudan and Namibia as well as the head of the UN agency responsible for Palestinian refugees, according to Al-Shorouk<\/a>.<\/p>\n

The <\/strong>GlobalCapital Sustainable and Responsible Capital Markets Forum 2021<\/a><\/strong> wraps today. <\/strong>The two-day virtual event yesterday hosted Vice Minister of Finance Ahmed Kouchouk for a panel session on green bonds.<\/p>\n

<\/a> Egypt wants to start holding green bond sales more frequently<\/strong>, Kouchouck said during the session, according to Reuters<\/a>. Egypt held the first sovereign green bond issuance in the MENA region last September, raising USD 750 mn<\/a> from investors to channel into green projects.<\/p>\n

Day two of the <\/strong>Egy Health Expo<\/a><\/strong> starts today<\/strong> at the Al Manara International Conference Center. The conference wraps up tomorrow.<\/p>\n

It\u2019s day four of the <\/strong>Arab Labor Conference<\/a><\/strong>, which is running through to 12 September at the InterContinental CityStars Hotel in Heliopolis. Government officials, ambassadors, trade union reps and business owners\u2019 association delegates from 21 Arab countries are participating in the gathering.<\/p>\n

Talks between Egypt and Turkey wrap up in Ankara later today <\/strong>as the two attempt to mend a near-decade-long rift. If things go well, the next step<\/a> could be a reinstatement of ambassadors: \u201cIf we decide together after the meetings, we will take the necessary mutual steps to appoint an ambassador,\u201d Turkish Foreign Minister Mevlut Cavusoglu told Turkish state TV yesterday. Egypt\u2019s Foreign Ministry has not spoken publicly on the talks since they began yesterday.<\/p>\n

The move comes amid attempts by Turkey to mend bridges in the region<\/strong>, embarking on talks with long-time rivals the UAE and Saudi Arabia in recent months. The Turkish FM also floated the possibility of an eastern Mediterranean maritime agreement with Egypt, calling for a multilateral summit to reconcile territorial disputes in the region.<\/p>\n

LATER THIS WEEK AND NEXT-<\/strong><\/p>\n

EFG Hermes\u2019 fourth Virtual Investor Conference <\/strong>runs 13-21 September with the theme of \u201cAfter Reflation - FEMs in 2022.\u201d<\/p>\n

AmCham event:<\/strong> Environment Minister Yasmine Fouad will give a speech on strategies for generating green, private sector-led growth at AmCham\u2019s virtual monthly event on Monday, 13 September. Register here<\/a>.<\/p>\n

ALSO:<\/strong><\/p>\n