{"id":578987,"date":"2023-01-22T04:15:13","date_gmt":"2023-01-22T04:15:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/this-morning-introducing-the-enterprise-fdi-exports-forum\/"},"modified":"2023-01-22T04:15:13","modified_gmt":"2023-01-22T04:15:13","slug":"this-morning-introducing-the-enterprise-fdi-exports-forum","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/this-morning-introducing-the-enterprise-fdi-exports-forum\/","title":{"rendered":"THIS MORNING: Introducing the Enterprise FDI + Exports Forum"},"content":{"rendered":"

Good morning, folks, and a very warm welcome to the <\/strong>Year of the Rabbit<\/a><\/strong>. <\/strong>To our friends and readers celebrating the Lunar New Year, we wish you health and happiness.<\/p>\n

We\u2019re wishing particularly happy holidays to those choosing to spend them in Egypt: <\/strong>Cairo International Airport welcomed a group of Chinese tourists on board a Sichuan Airlines flight on Friday, the first Chinese-flagged flight to land in Egypt in years, the Civil Aviation Ministry said in a statement<\/a>.<\/p>\n

And more Chinese tourists could arrive soon: <\/strong>EgyptAir will resume flights to China in March after Beijing eased its covid-19 travel curbs<\/a>, CEO Yehia Zakaria said during a presser on Friday, according to Al Shorouk<\/a>. The flag carrier will operate 13 flights a week to cities including Beijing, Hangzhou, and Guangzhou, he said. Flights to and from China have been on a three-year hiatus due to the pandemic.<\/p>\n

We have a holiday of our own this week: <\/strong>Thursday is a paid holiday for private sector employees to mark Police Day and the 25 January revolution<\/a>, the Manpower Ministry confirmed in a statement<\/a> on Friday, following an announcement by Prime Minister Moustafa Madbouly<\/a> last week. We\u2019re still waiting on similar announcements from the central bank and stock exchange.<\/p>\n

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EGP WATCH- The EGP slipped another 0.6% against the greenback on Thursday<\/strong> to 29.89 from 29.70 from the day before, according to the official central bank exchange rate. The EGP started the year at 24.70 to the greenback.<\/p>\n

PRIVATIZATION WATCH-<\/strong> Prime Minister Moustafa Madbouly headed the first meeting of a committee formed to implement<\/a> the state ownership policy document on Thursday, cabinet said in a statement<\/a>. Attendees included everyone from the good folks at the Sovereign Fund of Egypt to the ministers of planning, finance, electricity, housing, agriculture, local development, industry, as well as the heads of GAFI and the military\u2019s NSPO. The committee heard that the Cabinet\u2019s Information and Decision Support Center is building a database of state-owned companies.<\/p>\n

REMEMBER-<\/strong> Releasedin December,<\/a> the final version of the privatization strategy charts how the government aims to more than double the private sector\u2019s role in the economy to 65% and attract USD 40 bn in private investment by 2026. The government says it will reduce its involvement in a number of sectors via public share offerings, stake sales to strategic investors, and expanding public-private partnerships.<\/p>\n

WATCH THIS SPACE- GAFI wants to make it easier to set up a new company:<\/strong> GAFI plans to launch in early April an electronic platform to make it easier to set up a business, CEO Hossam Heiba was quoted as saying by Al Borsa<\/a>. The platform will provide investors with the services to establish companies, authenticate contracts at notary offices, and register using electronic signatures among other services.<\/p>\n

AND- We\u2019re through to the quarter-finals of the International Handball Federation\u2019s 202<\/strong>3 World Championship: <\/strong>The national handball team came through the group stage on top after beating Belgium 33-28 on Thursday<\/a> and Bahrain 26-22<\/a> on Friday. We have one last showdown in the group stage with Denmark tomorrow at 9:30 pm CLT, but the result won't affect our chances. Details of the final fixtures are yet to be announced.<\/p>\n

COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n

enterprise<\/p>\n

We\u2019re excited to unveil our next C-level event: The Enterprise FDI + Exports Forum,<\/strong> where we will take a deep dive into two of the most critical topics affecting our community.<\/p>\n

Exports and foreign direct investment (FDI) have never been more important to our economy<\/strong> \u2014 or our businesses \u2014 than in the wake of the float of the EGP. We think we have a once-in-a-lifetime chance to build an export-led economy<\/a> that makes us a magnet for FDI and all the benefits that will come with it for our nation.<\/p>\n

The Enterprise FDI + Exports Forum asks a simple question: Where do we go from here? <\/strong><\/p>\n

The Enterprise FDI + Exports Forum is the latest in our series of must-attend, invitation-only gatherings for C-suite-level business leaders<\/strong>, where they can talk openly and honestly about important issues in key parts of the economy. The gathering, which will take place in May 2023, will focus on how to start making moves across continents, including:<\/p>\n