{"id":581273,"date":"2023-02-07T00:00:00","date_gmt":"2023-02-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/07\/this-morning-pm-to-meet-croatian-president-today-govt-to-publish-green-hydrogen-strategy-within-a-month\/"},"modified":"2023-02-07T00:00:00","modified_gmt":"2023-02-07T00:00:00","slug":"this-morning-pm-to-meet-croatian-president-today-govt-to-publish-green-hydrogen-strategy-within-a-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/07\/this-morning-pm-to-meet-croatian-president-today-govt-to-publish-green-hydrogen-strategy-within-a-month\/","title":{"rendered":"THIS MORNING: PM to meet Croatian president today + Gov\u2019t to publish green hydrogen strategy within a month"},"content":{"rendered":"

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Good morning, friends, and happy hump day. <\/span>We have a packed issue for you this morning, so let\u2019s jump right in:<\/span><\/p>\n

TAKE OUR JANUARY ENTERPRISE READER SURVEY<\/a><\/span> and get a chance to break bread with us:<\/span> Give us your thoughts on how 2022 panned out for your business and industry, and what you\u2019re expecting in the year ahead in our Enterprise Reader Survey.<\/span><\/p>\n

Want to have a meal with us?<\/span> Leave your name, email, mobile number, and where you work in the box for \u201cIs there anything else you want to tell us.\u201d We\u2019ll be inviting eight participating readers to a meal at one of our favorite restaurants.<\/span><\/p>\n

EGP WATCH- The EGP continued to inch lower against the greenback yesterday<\/span>, with the USD changing hands at 30.35, according to central bank figures. The currency hit the 30 mark at the end of January following a sharper devaluation that helped spur the return of foreign inflows and alleviate FX woes that had stalled imports. The EGP has lost almost half of its value over the past year and is down <\/span>17% <\/span>since the beginning of January.<\/span><\/p>\n

<\/span>WATCH THIS SPACE- Cabinet will release its hydrogen strategy within a <\/span>month<\/span>, Prime <\/span>Minister Madbouly <\/span>said<\/a><\/span> yesterday. The document is expected to provide a roadmap for how Egypt can develop a globally-competitive green hydrogen sector. An unnamed global consulting office has finished work on the strategy, he said. <\/span><\/p>\n

REMEMBER<\/span>- In the works since 2021, the government was <\/span>expected<\/a><\/span> to reveal the strategy at <\/span>COP27 in November. Egypt has signed framework agreements with a number of international companies to establish green hydrogen and ammonia projects that could attract as much as <\/span>USD 83 bn<\/a><\/span> in investment if they were all to reach the implementation phase. <\/span><\/p>\n

WATCH THIS SPACE- Preventing another 2016, 2020, 2022: <\/span>Prime Minister Moustafa <\/span>Madbouly has tasked the Cabinet Information and Decision Support Center to work on <\/span>strategies that could reduce our exposure <\/span>t<\/span>o external risks in the coming years, according to a cabinet <\/span>statement<\/a><\/span>. The center will work with experts on regular reports to cabinet on how policymakers can strengthen the country\u2019s food and energy security, bolster supply chains and prevent a repeat of the 2022-2023 FX liquidity crisis.<\/span><\/p>\n

The state has in recent months signaled willingness to give private-sector players the chance to be heard on policy development.<\/span> The challenge now is to turn it into concrete action that will make it easier to do business. It engaged in weeks of consultations last summer that fed into its privatization strategy and helped to produce the final <\/span>state ownership policy document<\/a><\/span>. It has also created a <\/span>Supreme Council for Investment<\/a><\/span>, to which a number of private sector leaders have been appointed, although few details have been made public. And the National Dialogue process is also expected to allow non-government actors to express views on a range of economic, social and political topics.<\/span><\/p>\n

HAPPENING TODAY-<\/span><\/p>\n

Bok, gospodine predsjedni\u010de:<\/span> Croatia\u2019s President Zoran Milanovic will meet with PM <\/span>Moustafa Madbouly and House Speaker Hanafi El Gebali this morning as he wraps up a two-day visit to Cairo, according to a <\/span>statement<\/a><\/span> by his office. We have coverage of Milanovic\u2019s meeting with President Abdel Fattah El Sisi yesterday in this morning\u2019s Diplomacy section, below.<\/span><\/p>\n

The<\/span> Organisation Internationale de la Francophonie\u2019s (OIF)<\/span> <\/span>two-day economic<\/a><\/span>prospecting forum<\/a><\/span> in Cairo concludes today.<\/span> Representatives of 100 companies from more than 20 french-speaking countries are gathering to explore ways to boost cooperation with Egyptian firms working in agriculture, renewable energy and the digital economy.<\/span><\/p>\n

PSA- Enjoy your last week of (relatively easy) commutes: <\/span>The mid-year break at public schools is winding down and universities are back in session on Saturday, 11 February for the second semester of the 2022-2023 academic year.<\/span><\/p>\n

THIS WEEK-<\/span><\/p>\n

Inflation:<\/span> The CBE and Capmas are expected to publish inflation data for January on Thursday.<\/span><\/p>\n

NEXT WEEK-<\/span> <\/span><\/p>\n

President Abdel Fattah El Sisi will be in Dubai next week<\/span> to attend the <\/span>World Government<\/a><\/span>Summit<\/a><\/span>, which runs<\/span> 13-15 February. Twenty heads of state will be in town for the Davos-like gathering, which will see policymakers from around the world discuss global trends, according to Emirati state news agency <\/span>WAM<\/a><\/span>.<\/span><\/p>\n

Petro-show next week:<\/span> Oil and gas industry figures from Egypt and the region will congregate <\/span>at the Egypt International Exhibition Center for the <\/span>Egypt Petroleum Show (Egyps)<\/a><\/span> starting next Monday. The three-day conference runs 13-15 February.<\/span><\/p>\n

<\/p>\n

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\n Get Enterprise<\/b> daily
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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n

<\/span>THE BIG STORY ABROAD- The devastating earthquake that struck Syria <\/span>and Turkey in <\/span>the early hours of yesterday morning is front-page news everywhere this morning.<\/span> More than 4k people have now been pronounced dead after a 7.8 magnitude quake leveled thousands of buildings in southern Turkey and northern Syria. (<\/span>AP<\/a><\/span> | <\/span>Reuters<\/a><\/span> | <\/span>FT<\/a><\/span> | <\/span>Bloomberg<\/a><\/span> | <\/span>NYT<\/a><\/span> | <\/span>Washington Post<\/a><\/span>)<\/span><\/p>\n

President El Sisi has <\/span>offered<\/a><\/span> to send aid<\/span> while the Foreign Ministry <\/span>said<\/a><\/span> it was following up <\/span>on the situation of Egyptians living in the two countries. Four Egyptian students were rescued in Iskenderun yesterday after being stuck under rubble for hours, <\/span>Ahram Online<\/a><\/span> reported.<\/span><\/p>\n

No tsunami risks:<\/span> Egypt\u2019s National Research Institute for Astronomy and <\/span>Geophysics has said there is no possibility of the quake triggering a tsunami in the Mediterranean, according to <\/span>state-run MENA news agency<\/a><\/span>. Italy issued a tsunami warning following the disaster but has since <\/span>withdrawn<\/a><\/span> it.<\/span><\/p>\n

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

<\/p>\n

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

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

Want to join the conversation? <\/span>Drop us a line on <\/span>events@enterprisemea.com<\/a><\/span>.<\/span><\/p>\n

CIRCLE YOUR CALENDAR-<\/span> <\/span><\/p>\n

Fuel price announcement when?<\/span> We\u2019re still waiting to hear what the government plans to do <\/span>with fuel prices this quarter. Its fuel pricing committee was supposed to meet at the beginning of January to set prices for 1Q. The government has increased prices at the pump by <\/span>23-28%<\/a><\/span> since April 2021, and decided on a rare fuel oil price hike last July.<\/span><\/p>\n

Expect prices to rise:<\/span> The government has committed to changing local fuel prices in line with <\/span>movements in the global markets under the <\/span>USD 3 bn loan agreement<\/a><\/span> with the IMF.<\/span><\/p>\n

The Senate is out of session for two weeks:<\/span> Senators will reconvene on Sunday <\/span>19 February.<\/span><\/p>\n

Check out our full calendar on the web<\/a><\/span> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/span><\/p>\n

<\/p>\n

*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/span> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/span><\/p>\n

In today\u2019s issue: <\/span>As Egypt looks to build out a local green hydrogen industry, what needs to happen to make it a viable export product for Europe?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends, and happy hump day. We have a packed issue for you this morning, so let\u2019s jump right in: TAKE OUR JANUARY ENTERPRISE READER SURVEY and get a chance to break bread with us: Give us your thoughts on how 2022 panned out for your business and industry, and what you\u2019re expecting in […]<\/p>\n","protected":false},"author":1,"featured_media":581274,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[168,1419,93,72,2234,254,151,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-diplomacy","tag-egp","tag-energy","tag-enterpriseam","tag-foreign-exchange","tag-green-hydrogen","tag-renewables","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"4fe6207e-99da-4234-8449-6c2445bcd423","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2021\/7\/race-2-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581271],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/2\/.d5f732fd-467a-4a84-9bb1-90af8503f870.mp3"},"yoast_head":"\nTHIS MORNING: PM to meet Croatian president today + Gov\u2019t to publish green hydrogen strategy within a month - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/07\/this-morning-pm-to-meet-croatian-president-today-govt-to-publish-green-hydrogen-strategy-within-a-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: PM to meet Croatian president today + Gov\u2019t to publish green hydrogen strategy within a month\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and happy hump day. 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It\u2019s the largest quarterly survey of senior execs doing business here and of the folks who invest in them, and it won\u2019t take more than a couple of minutes to complete unless you\u2019d\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595568,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/another-green-hydrogen-plant-in-the-works\/","url_meta":{"origin":581273,"position":1},"title":"Another green hydrogen plant in the works?","author":"enterpriseam admin","date":"9 August 2023","format":false,"excerpt":"An unnamed foreign firm wants to produce green hydrogen here for export to Europe","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/432.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648394,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/what-enterprise-readers-expect-of-egypts-economy-1q2017-reader-poll\/","url_meta":{"origin":581273,"position":2},"title":"What Enterprise readers expect of Egypt\u2019s economy \u2014 1Q2017 reader poll","author":"enterpriseam admin","date":"3 April 2017","format":false,"excerpt":"The results of the 1Q2017 Enterprise Reader Survey are out. In a nutshell: You have better access to FX than in 4Q2016;Almost 40% of you say 1Q was a good time to do business in Egypt \u2014 and almost 40% of you think the opposite;Nearly 15% of your companies gave\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/4\/1230.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641382,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/20\/641382\/","url_meta":{"origin":581273,"position":3},"title":"*** TAKE OUR READER SURVEY\u2026","author":"enterpriseam admin","date":"20 September 2017","format":false,"excerpt":"*** TAKE OUR READER SURVEY and tell us how you feel about business (and Egypt) this morning. It\u2019s the largest quarterly survey of senior execs doing business here and of the folks who invest in them, and it won\u2019t take more than a couple of minutes to complete unless you\u2019d\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558723,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/this-morning-pfizer-gets-ok-from-fda-g7-talk-afghanistan-today\/","url_meta":{"origin":581273,"position":4},"title":"THIS MORNING: Pfizer gets OK from FDA + G7 talk Afghanistan today","author":"enterpriseam admin","date":"24 August 2021","format":false,"excerpt":"Welcome to hump day, wonderful people. There\u2019s no single story dominating the news agenda as the nation remains firmly set in \u201cvacation mode\u201d heading into the second-to-last weekend of summer.And frankly, we\u2019re still digesting the fact that the delta variant is now in Egypt. 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