{"id":580829,"date":"2023-01-22T13:38:28","date_gmt":"2023-01-22T13:38:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/this-evening-valu-is-looking-at-kicking-off-a-fresh-securitization-program-this-year-introducing-the-enterprise-fdi-exports-forum\/"},"modified":"2023-01-22T13:38:28","modified_gmt":"2023-01-22T13:38:28","slug":"this-evening-valu-is-looking-at-kicking-off-a-fresh-securitization-program-this-year-introducing-the-enterprise-fdi-exports-forum","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/this-evening-valu-is-looking-at-kicking-off-a-fresh-securitization-program-this-year-introducing-the-enterprise-fdi-exports-forum\/","title":{"rendered":"THIS EVENING: valU is looking at kicking off a fresh securitization program this year + Introducing the Enterprise FDI + Exports Forum"},"content":{"rendered":"

Good afternoon, friends.<\/strong> We have a rather busy issue for you to sink your teeth into at the start of the week, so let\u2019s get right into it.<\/p>\n

We\u2019re looking at a short work week:<\/strong> The country\u2019s banks will be closed this Thursday, 26 January in observance of Police Day and the 25 January revolution, the Central Bank of Egypt confirmed in a statement today, following announcements from Prime Minister Moustafa Madbouly and the Manpower Ministry. We expect the EGX to follow up with its own announcement later today or tomorrow.<\/p>\n

THE BIG STORY TODAY<\/strong><\/p>\n

<\/a> valU is gearing up for its second securitization program:<\/strong> EFG Hermes\u2019 buy-now-pay-later platform valU is studying a new EGP 5 bn securitization program which it hopes to start later this year, CEO Walid Hassouna told us.<\/p>\n

DRIVING THE CONVERSATION- The global financial press is banging the drum of <\/strong>optimism, post-Davos:<\/strong> In an about turn from the doom and gloom of the past 12 months, a string of positive PMI data, China\u2019s re-opening, and growing evidence that the global economy has passed peak inflation has produced a mood shift among the Davos elite, financial markets, and the financial press alike. \u201cThe worst fears for global growth may be subsiding,\u201d declares Bloomberg<\/a>. \u201cThings are looking up for the global economy,\u201d says the Financial Times<\/a>. Kristalina Georgieva, head of the IMF, summed up<\/a> the newfound optimism at last week\u2019s World Economic Forum: \u201cit is less bad than we feared a couple of months ago.\u201d<\/p>\n

THE BIG STORY ABROAD- <\/strong><\/p>\n

Dominating the front pages of the international press this afternoon: <\/strong>10 people were killed and at least 10 others were injured following a mass shooting in California\u2019s Monterey Park last night, according to police reports. The attack came following Lunar New Year celebrations and forces are currently working to locate the suspected gunman. (Reuters<\/a> | CNBC<\/a> | BBC<\/a> | NPR<\/a>)<\/p>\n

HAPPENING NOW- Water and Irrigation Minister Hany Sewilam is in Sudan<\/strong> to discuss cooperation on water resources between the two countries. Sewilam arrived in Khartoum yesterday for a two-day visit \u2014 his first since he assumed office as minister in August last year, according to a statement<\/a>.<\/p>\n

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<\/a> 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