{"id":582459,"date":"2023-03-06T00:00:00","date_gmt":"2023-03-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/06\/this-morning-efg-hermes-one-on-one-investor-conference-starts-today-foreign-reserves-rise-in-february\/"},"modified":"2023-03-06T00:00:00","modified_gmt":"2023-03-06T00:00:00","slug":"this-morning-efg-hermes-one-on-one-investor-conference-starts-today-foreign-reserves-rise-in-february","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/06\/this-morning-efg-hermes-one-on-one-investor-conference-starts-today-foreign-reserves-rise-in-february\/","title":{"rendered":"THIS MORNING: EFG Hermes\u2019 One on One investor conference starts today + Foreign reserves rise in February"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, everyone.<\/span><span style=\"\"> It\u2019s a big day for the regional finance community as the EFG <\/span><span style=\"font-weight:400;\">Hermes One on One gets underway in Dubai in just a few minutes\u2019 time. But before we jump in, please join us in extending our deepest sympathies to our friends in the Allam family as Hassan, Amr, May, and Mariam mourn the loss \u2014 and celebrate the memory \u2014 of their father.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\"><span id='wwtt1' style='font-weight: inherit;'>IN MEMORIAM- Hassan Allam Holding\u2019s Essam Allam passed away<\/span> <\/span><span style=\"font-weight:700\">yesterday.<\/span><span style=\"\"> Essam was <\/span><span style=\"font-weight:400;\">an elder statesman of one of the nation\u2019s most prominent and storied business families and the father of Amr and Hassan Allam, the company\u2019s CEOs today. Hassan Allam Holding traces its roots to 1936, when Hassan Mohamed Allam (Essam\u2019s father) founded Hassan Allam Construction. The business flourished and was eventually nationalized in the 1960s, with family members remaining in control of the company even as ownership passed to the state. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Essam and his brothers, including chairman Kamal, launched Hassan Allam Sons in 1976. <\/span><span style=\"font-weight:400;\">In testing the boundaries of Sadat\u2019s Open Door policy, the brothers built the foundation of a world-class business. Where only one third of family businesses make it through the second generation, they prepared a third generation to lead. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Essam passed on to his sons the human decency, competitive drive, and innovative spirit that characterize the business today.<\/span><span style=\"font-weight:400;\"> With the second generation\u2019s support, Amr and Hassan have transformed Hassan Allam into a champion of the private sector \u2014 a fully institutionalized business with 34k employees, a growing international footprint, and a board dominated by both independent and non-executive members. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The aza will be held tomorrow (Tuesday, 7 March) at Field Marshal Tantawi Mosque in New Cairo. <\/span><span>Essam Allam\u2019s obituary is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gate.ahram.org.eg\/daily\/Wafyat\/890697\/%D8%AA%D9%80%D9%88%D9%81%D9%80%D9%80%D9%80%D9%80%D9%80%D9%89-%D8%A5%D9%84%D9%80%D9%80%D9%80%D9%80%D9%89-%D8%B1%D8%AD%D9%85%D9%80%D9%80%D9%80%D9%80%D8%A9-%D8%A7%D9%84%D9%80%D9%84%D9%80%D9%80%D9%80%D9%80%D9%80%D9%80%D9%87-%D8%AA%D8%B9%D9%80%D9%80%D8%A7%D9%84%D9%80%D9%80%D9%80%D9%80.aspx\" style=\"\">here in Al Ahram<\/a><\/span><span>. His passing is being widely noted in the press: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=05032023&id=fa77566d-b212-485f-b102-31068dea3030\" style=\"\">Al Shorouk<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.elwatannews.com\/news\/details\/6463216\" style=\"\">El Watan<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3ZoJ7Se\" style=\"\">Masrawy<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/span><span style=\"font-weight:700\"> The global emerging and frontier market finance community is gathering in Dubai as the <span id='wwtt2' style='font-weight: inherit;'>EFG Hermes One on One kicks off in a few short minutes<\/span>.<\/span><span style=\"font-weight:400;\"> The largest investor conference in frontier and emerging markets \u2014 which is running this year under the theme Outplaying Challenges \u2014 brings together more than 560 fund and portfolio managers and C-suite execs from almost 180 companies in 29 countries. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What to expect from day one:<\/span><span style=\"\"> The day will kick off with a welcome note from EFG Hermes<\/span><span> Holding CEO Karim Awad, followed by an on-stage interview with our friend <\/span><span style=\"font-weight:700\">Sovereign Fund of Egypt CEO Ayman Soliman<\/span><span>. EFG Hermes Research managing director and head of strategy <\/span><span style=\"font-weight:700\">Simon Kitchen<\/span><span style=\"font-weight:400;\"> will also be running the conference\u2019s customary live poll. Attendees will then break out for one-on-one meetings that will see global investors meet face-to-face with top execs from top frontier and emerging market companies.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">We\u2019ll have coverage of day one and the results of the 2023 One on One Survey for you tomorrow. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ALSO HAPPENING TODAY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Today in the Senate<\/span><span style=\"font-weight:700\">:<\/span><span style=\"font-weight:700;\"> <\/span><\/p>\n<ul>\n<li><span style=\"\">The <\/span><span style=\"font-weight:700\">Senate<\/span><span style=\"\"> will examine a request by Senator Hayam Benjamin to <\/span><span style=\"font-weight:700\">offer Egyptian expats<\/span><span style=\"font-weight:700\"> incentives<\/span><span style=\"font-weight:400;\"> to increase remittances;<\/span><\/li>\n<li><span>Financial Regulatory Authority head Mohamed Farid will join the <\/span><span style=\"font-weight:700\">Senate Economic and Financial Affairs Committee<\/span><span> to discuss <\/span><span style=\"font-weight:700\">regulating guarantees from clients of NBFS firms<\/span><span style=\"font-weight:400;\">;<\/span><\/li>\n<li><span style=\"\">The<\/span><span style=\"font-weight:700\"> Industrial Committee<\/span><span style=\"font-weight:400;\"> will look into efforts to support SMEs;<\/span><\/li>\n<li><span style=\"\">The <\/span><span style=\"font-weight:700\">Education Committee <\/span><span style=\"\">will review the Education Ministry\u2019s efforts to clamp down <\/span><span>on tutoring centers. Minister Reda Hegazi last year <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/11\/03\/this-morning-its-pmi-day-hegazi-u-turns-on-plans-for-licensing-private-tutors-86072\/\" style=\"\">scrapped plans<\/a><\/span><span style=\"font-weight:400;\"> to start licensing private tutoring centers following backlash.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">WATCH THIS SPACE #1- <span id='wwtt3' style='font-weight: inherit;'>Has the CBE moved forward its March policy meeting?<\/span><\/span><span style=\"\"> <\/span><span>That\u2019s according to economist Mostafa Badra, who said on Ala Mas\u2019ouleety last night that the central bank will now meet on Saturday, 18 March, rather than 30 March as is currently scheduled (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=AeF9E4oAxho\" style=\"\">watch, runtime: 17:14<\/a><\/span><span>). Badra didn\u2019t explain how he obtained this information. As of this morning the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cbe.org.eg\/en\/MonetaryPolicy\/Pages\/MPCMeetingSchedule.aspx\" style=\"\">meeting schedule<\/a><\/span><span> on the CBE\u2019s website is unchanged.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/span><span style=\"font-weight:700\"> WATCH THIS SPACE #2- <span id='wwtt4' style='font-weight: inherit;'>Signs of more investment from ADP?<\/span> <\/span><span style=\"\">The CEO of Abu Dhabi <\/span><span>Ports was in town yesterday for talks with President El Sisi about developing ports and logistics zones, Ittihadiya said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0aVXFp5G6e2ZYEfqTZDTEtqsdN8PQ9K3xhVEdoWvNLRed4wenwLzGrAdcntViMkWJl\" style=\"\">a statement<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER-<\/span><span style=\"\"> The ADQ-owned company has been pushing aggressively into Egypt\u2019s maritime <\/span><span>sector. It said in 2021 that it could <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2021\/11\/09\/abu-dhabi-ports-could-invest-usd-500-mn-in-egypt-57678\/\" style=\"\">invest USD 500 mn<\/a><\/span><span> to develop <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/03\/21\/cma-cgm-eyes-investment-in-ain-sokhna-port-67313\/\" style=\"\">a terminal at Ain Sokhna port<\/a><\/span><span> and one at Safaga port, and is expected to bid in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/18\/tenth-of-ramadan-dry-port-tender-pushed-as-bidders-adapt-to-floating-egp-93853\/\" style=\"\">the upcoming tender<\/a><\/span><span> for the Tenth of Ramadan dry port. It also recently <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/09\/15\/one-more-gulf-acquisition-in-the-bag-kuwaits-sovereign-fund-joins-the-party-81235\/\" style=\"\">purchased a controlling stake<\/a><\/span><span> in local shipping and logistics firm International Associated Cargo Carrier. It was also <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port-93300\/\" style=\"\">reported<\/a><\/span><span> to be in talks to take over the development and management of the Suez Port, which the government <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/06\/no-talks-to-sell-suez-port-management-rights-to-adp-says-transmin-95595\/\" style=\"\">has denied<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">DATA POINT:<span id='wwtt5' style='font-weight: inherit;'>Egypt\u2019s net foreign reserves inched up to USD 34.35 bn in February<\/span><\/span><span style=\"\"> <\/span><span>from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/06\/this-morning-foreign-reserves-rise-in-january-egyptian-officials-are-in-paris-today-for-lebanon-crisis-talks-95583\/\" style=\"\">USD 34.22 bn in January<\/a><\/span><span>, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cbe.org.eg\/en\/Pages\/HighlightsPages\/NIR-February-2023.aspx\" style=\"\">central bank data<\/a><\/span><span> out yesterday. Reserves have been on a gentle upward slope the past six months and are now up by more than <\/span><span>USD 1.2 b<\/span><span>n since the end of August. Reserves fell <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/04\/10\/reserves-dip-to-usd-37-bn-as-cbe-deployed-excess-liquidity-to-calm-the-markets-statement-68795\/\" style=\"\">20% last spring<\/a><\/span><span style=\"font-weight:400;\"> on the back of the war in Ukraine and tightening financial conditions.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">FACT CHECK- No, public transport fares have not increased. <\/span><span style=\"\">The cabinet released <\/span><span>a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02rzXijJPCBqhhRj1pZZswhm8eA6L1dbjs1CNxG2ShjGkUP9YtSRKbmLBFwmWPbsMfl\" style=\"\">statement<\/a><\/span><span> yesterday denying rumors that mass transit (microbuses and buses) fares increased in response to the latest round of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/02\/fuel-prices-are-rising-7-11-today-98365\/\" style=\"\">fuel price hikes<\/a><\/span><span style=\"font-weight:400;\">. Last week\u2019s decision by the fuel pricing committee should have no impact on fares because diesel prices were left unchanged at EGP 7.25 per liter, the statement said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">PSA-<\/span><span style=\"font-weight:700\"> The mercury in the capital is set to dip in the coming days following a <\/span><span style=\"font-weight:700\">brief balmy spell<\/span><span>, with daytime highs falling to 21-23\u00b0C through to Wednesday, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/ema.gov.eg\/posts\/pfbid0rYktRTXSgpnekGTgzzg229BXKH4y6XsBuvxnbR4v13iLcKcYcvoP32wKaMsaeytQl\" style=\"\">latest forecast<\/a><\/span><span style=\"font-weight:400;\"> from the Egyptian Meteorological Authority. Temperatures will rise to 26\u00b0C by the end of the week.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING THIS WEEK- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">The Higher Education Ministry is due to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02iSVaEsUy6bruy3PTrRT8UjMW9ZHftBEiGLzDthPWqC4qZKSve5rhQ5zdaQ2WSzsTl\" style=\"\">unveil<\/a><\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02iSVaEsUy6bruy3PTrRT8UjMW9ZHftBEiGLzDthPWqC4qZKSve5rhQ5zdaQ2WSzsTl\" style=\"\">a national strategy<\/a><\/span><span style=\"font-weight:700\"> for higher <\/span><span style=\"font-weight:700\">education<\/span><span style=\"font-weight:400;\"> tomorrow.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The US defense secretary is in Egypt:<\/span><span style=\"\"> US Secretary of Defense Lloyd J. Austin <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/05\/this-morning-its-pmi-day-uber-fares-hiked-again-98558\/\" style=\"\">is in the<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/05\/this-morning-its-pmi-day-uber-fares-hiked-again-98558\/\" style=\"\">region<\/a><\/span><span style=\"font-weight:400;\"> this week for a multi-day trip that will take him to Egypt, Israel and Jordan. The Pentagon has not disclosed Austin\u2019s itinerary.\u2019<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Austin started the visit in Jordan yesterday<\/span><span style=\"\">, where he met with King Abdullah to discuss the <\/span><span>escalating violence in the West Bank. Abdullah emphasized \u201cthe need to restore calm and de-escalate in the Palestinian Territories, as well as cease any unilateral measures that undermine stability and peace prospects, the palace said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=48626&lang=en&name=en_news\" style=\"\">a statement<\/a><\/span><span style=\"font-weight:400;\"> following the talks.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Inflation figures for February will land at the end of this week<\/span><span style=\"\">. <\/span><span>Consumer prices <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/12\/food-prices-hit-record-high-on-january-devaluation-96498\/\" style=\"\">accelerated at their fastest pace in five years<\/a><\/span><span style=\"font-weight:400;\"> in January on the back of record food price inflation triggered by the devaluation of the EGP. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY ABROAD-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">There\u2019s no single story dominating the global conversation this morning:<\/span><span style=\"\"> US politics is <\/span><span>getting play in the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/biden-selma-bloody-sunday-voting-rights-633cb487dc69f6c815400e6b85a86276?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_01\" style=\"\">Associated Press<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/us\/trumps-legacy-republicans-torn-by-infighting-revolts-2024-looms-2023-03-03\/\" style=\"\">Reuters<\/a><\/span><span> and the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/2023\/03\/05\/us\/ron-desantis-florida-legislature.html\" style=\"\">New York Times<\/a><\/span><span style=\"font-weight:400;\">, which are running stories on Biden\u2019s trip to Selma to commemorate Bloody Sunday, growing conflict in the Republican Party ahead of the 2024 presidential race, and Trump rival Ron DeSantis\u2019 potential run for the Republican nomination.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MEANWHILE-<\/span><span style=\"\"> The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/what-is-a-ceos-pay-actually-worth-37c0d493\" style=\"\">Wall Street Journal<\/a><\/span><span style=\"\"> reports that public companies are revealing CEO pay for <\/span><span>the first time while the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/9eaa4394-3647-4ac3-adbf-3bc73a4413a3\" style=\"\">Financial Times<\/a><\/span><span> leads with the news that one of Credit Suisse\u2019s oldest shareholders has offloaded his entire stake.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In Tunisia: Things are getting ugly<\/span><span style=\"\"> as President Kais Saied pivot to anti-immigrant rhetoric <\/span><span>triggered attacks on sub-Saharan Africans and the arrest of hundreds of migrants by authorities, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/tunisian-president-targets-sub-saharan-african-migrants-mob-violence-follows-7a51495a\" style=\"\">Wall Street Journal<\/a><\/span><span>. Saeid \u2014 who\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.france24.com\/en\/africa\/20230304-down-with-the-police-state-chant-thousands-of-protesters-in-tunisia\" style=\"\">facing mounting opposition<\/a><\/span><span> following his <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2021\/09\/27\/tunisian-protests-call-on-president-to-resign-after-power-grab-54399\/\" style=\"\">power grab in 2021<\/a><\/span><span> <\/span><span style=\"font-weight:400;\">\u2014 last month accused opposition parties of a \u201ccriminal plot\u201d to replace Arabs and Muslims with black African immigrants.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SIGNS OF THE TIMES\u2013 <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Things aren\u2019t getting easier for US tech startups:<\/span><span style=\"\"> Having burned through more than <\/span><span>USD 12 bn last year, newly-listed US tech companies are struggling for cash and many face having to make a difficult choice between steep capital raises, major cutbacks or takeovers. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/eb9b68a4-5a98-425f-8f10-157258eaac7b\" style=\"\">Financial Times<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">People aren\u2019t rushing to the Metaverse: <\/span><span style=\"\">Facebook\u2019s parent company Meta has cut the price <\/span><span>of some of its Quest virtual reality headsets by up to a third, in part thanks to lower-than expected demand. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-03\/meta-s-price-cuts-to-virtual-reality-headset-follow-weak-demand?srnd=premium-middle-east&leadSource=uverify%20wall\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">The US army loves robot dogs:<\/span><span style=\"\"> Robotic quadrupeds of the sort popularized by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=wlkCQXHEgjA\" style=\"\">Boston<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=wlkCQXHEgjA\" style=\"\">Dynamics<\/a><\/span><span> are increasingly being integrated into US military ops for surveillance and  security. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/taskandpurpose.com\/tech-tactics\/robot-dogs\/\" style=\"\">Task and Purpose<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Missed this week\u2019s Inside Industry? <\/span><span style=\"\">In our <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/industries\/checking-in-on-the-states-export-initiatives\/\" style=\"\">weekly vertical exploring all things industry and<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/industries\/checking-in-on-the-states-export-initiatives\/\" style=\"\">manufacturing<\/a><\/span><span style=\"font-weight:400;\">, we looked at how the government\u2019s recent steps to reduce our reliance on imports and cut down on the trade deficit have affected export growth.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MARKET WATCH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">UAE denies report claiming it wants to split with OPEC: <\/span><span style=\"\">The UAE \u201chas no plans\u201d to <\/span><span style=\"\">exit the <\/span><span style=\"\">OPEC oil cartel<\/span><span style=\"\">, <\/span><span>unnamed officials told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-03\/uae-officials-say-privately-no-plans-to-leave-opec#xj4y7vzkg\" style=\"\">Bloomberg<\/a><\/span><span>, denying a report in the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/saudi-arabia-and-u-a-e-clash-over-oil-yemen-as-rift-grows-ff286ff9\" style=\"\">Wall Street Journal<\/a><\/span><span> that claimed the country was considering splitting from the group amid a rift over output levels. The officials told Bloomberg the country has for years been considering a move away from the cartel but decided that the potential fallout with key neighbors would be too great a price to pay. The UAE has repeatedly said it will stick to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/02\/opec-maintains-oil-output-as-uncertainty-clouds-market-outlook-95301\/\" style=\"\">planned OPEC production cuts<\/a><\/span><span style=\"font-weight:400;\"> through the end of 2023, though investment bank RBC Capital Markets has said the country may be itching to up output as it deploys USD bns to boost upstream production. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The WSJ report triggered an oil sell-off:<\/span><span style=\"\"> <\/span><span style=\"\">Brent crude fell as much as 2.8% on the WSJ report <\/span><span>on Friday, before paring losses to finish 1.3% in the green. Brent was down 0.6% ahead of dispatch this morning. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/ExportsFDIForum_1600.jpg?ssl=1\"\/><\/a><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We are delighted to share with you that the Enterprise Exports & FDI Forum <\/span><span style=\"\">will be taking <\/span><span style=\"\">place on<\/span><span style=\"font-weight:700\"> Monday, 15 May <\/span><span style=\"\">at the<\/span><span style=\"font-weight:700;\"> Four Seasons Hotel at Nile Plaza.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DO YOU WANT TO ATTEND?<\/span><span style=\"\"> The first wave of invites is going out soon. If you\u2019re a C-suite exec, exporter, investor, official, banker, or someone who should be part of the conversation, please <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">TAP OR CLICK HERE<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">to request a spot at this exclusive event<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What\u2019s the Enterprise Exports & FDI Forum?<\/span><span style=\"font-weight:400;\"> It is the latest in our series of must-attend, invitation-only gatherings for C-suite-level business leaders. The Enterprise Exports & FDI Forum will discuss the critical topics of exports and foreign direct investment (FDI) in Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">We will be taking an in-depth look into some of the most vital industry topics, including:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">How to effectively break into new export markets<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to leverage domestic trends in order to create export opportunities<\/span><\/li>\n<li><span style=\"font-weight:400;\">What foreign investors are looking for<\/span><\/li>\n<li><span style=\"font-weight:400;\">What the government's role should be <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Why now? <\/span><span style=\"\">Exports and foreign direct investment (FDI) have never been more important to our economy \u2014 or our businesses \u2014 than in the wake of the float of the EGP. We th<\/span><span>ink <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/issues\/2022\/10\/18\/am-a-five-step-recipe-to-boost-exports-fdi-and-make-sure-egypt-never-has-to-ask-the-imf-for-another-cent\/\" style=\"\">we have a once-in-a-lifetime chance to build an export-led economy<\/a><\/span><span style=\"font-weight:400;\"> that makes us a magnet for FDI, and all the benefits that will come with it for our nation. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Think of the Enterprise Exports & FDI Forum as a hands-on lab for<\/span><span style=\"font-weight:700\"> how to turn the devaluation of the EGP into something that will turbocharge your company and our economy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO SHARE YOUR STORY ON STAGE?<\/span><span> Drop a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:patrick@enterprisemea.com\" style=\"\">Patrick here and let\u2019s talk<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO BECOME A COMMERCIAL PARTNER?<\/span><span> Ping a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa, our head of commercial, here<\/a><\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">CORRECTION- <\/span><span style=\"\">The Samih Sawiris-led redevelopment of the Mogador resort in <\/span><span>Essaouira, Morocco could be worth upwards of MAD 4 bn, not as much as AED 4 bn as we wrote in yesterday\u2019s EnterpriseAM and EnterprisePM. The story has since been <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/05\/sawiris-partners-with-local-emirati-players-to-redevelop-morocco-hotel-98562\/\" style=\"\">updated on our website<\/a><\/span><span>. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">CIRCLE YOUR CALENDAR-<\/span><span style=\"font-weight:400;\"> <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The House is still out: <\/span><span style=\"\">The House of Representatives will reconvene on Sunday, 19 March. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">RiseUp Summit<\/span><span style=\"font-weight:700\"> 2023: <\/span><span style=\"\">The annual<\/span><span style=\"font-weight:700\"> <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/riseupsummit.com\/home\" style=\"\">RiseUp Summit<\/a><\/span><span style=\"\"> takes place at the soon-to-open <\/span><span>Grand Egyptian Museum at the Giza pyramids complex from 16-18 March. The event brings together more than 150 startups and 250 speakers from around the world to talk entrepreneurship and innovation. Tickets can be purchased at <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/riseup-summit-23_se_2465.html?fbclid=IwAR312SZzMd0g9-vywblOng4YU1gSQzBbWA_evrtgm8qbSpjMGbPFicQugno\" style=\"\">TicketsMarche<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\">Check out our full calendar on the web<\/a><\/span><span> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/CIRA-Blackboard-Banner-B-1600.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">*** It\u2019s Blackboard day:<\/span><span style=\"font-weight:400;\"> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In today\u2019s issue:<\/span><span> We give a rundown of the scholarships and financial support packages available for students amid soaring living costs.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, everyone. It\u2019s a big day for the regional finance community as the EFG Hermes One on One gets underway in Dubai in just a few minutes\u2019 time. But before we jump in, please join us in extending our deepest sympathies to our friends in the Allam family as Hassan, Amr, May, and Mariam [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":582460,"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":[901,104,84,72,655,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-582459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-data","tag-economy","tag-efg-hermes","tag-enterpriseam","tag-foreign-reserves","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"ebd9db7c-659b-4a3b-95af-bcb6dca699cb","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/3\/Atlantis-Dubai-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"EFG Hermes\u2019 One on One investor conference starts today + Egypt\u2019s Foreign reserves rise in February","related_issue":[582457],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.4cfb23d9-b85b-474d-ac66-57779df40ed7.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS MORNING: EFG Hermes\u2019 One on One investor conference starts today + Foreign reserves rise in February - 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\/03\/06\/this-morning-efg-hermes-one-on-one-investor-conference-starts-today-foreign-reserves-rise-in-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: EFG Hermes\u2019 One on One investor conference starts today + Foreign reserves rise in February\" \/>\n<meta property=\"og:description\" content=\"Good morning, everyone. It\u2019s a big day for the regional finance community as the EFG Hermes One on One gets underway in Dubai in just a few minutes\u2019 time. 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Hassan Allam Holding taps advisors for potential IPO: Leading construction company Hassan Allam Holding has mandated three investment banks to run a potential IPO, including EFG Hermes and Renaissance Capital as joint global coordinators and Arqaam Capital as bookrunner, sources with knowledge of the transaction tell us. EFG\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556192,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/14\/efg-hassan-allam-khazna-all-get-a-round-of-applause\/","url_meta":{"origin":582459,"position":2},"title":"EFG, Hassan Allam, Khazna all get a round of applause","author":"enterpriseam admin","date":"14 October 2021","format":false,"excerpt":"KUDOS-We said earlier this week that it is never too late to start something new \u2014 or even start over. In that vein: Big kudos to reader Ehab Mikhael from ADM, who wrote in to let us know that he agreed, having earned his MBA just a few days earlier\u2026","rel":"","context":"In &quot;Kudos&quot;","block_context":{"text":"Kudos","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/kudos\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628088,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/hassan-allam-consortium-wins-contract-for-usd-4-4-bn-hamrawein-clean-coal-power-plant-on-the-red-sea\/","url_meta":{"origin":582459,"position":3},"title":"Hassan Allam consortium wins contract for USD 4.4 bn Hamrawein \u2018clean coal\u2019 power plant on the Red Sea","author":"enterpriseam admin","date":"25 June 2018","format":false,"excerpt":"Hassan Allam consortium wins contract for USD 4.4 bn Hamrawein \u2018clean coal\u2019 power plant on the Red Sea: A Chinese consortium of Hassan Allam Construction, China\u2019s Shanghai Electric and Dong Fang has won a USD 4.4 bn contract from the Egyptian Electricity Holding Company (EEHC) to build a 6 GW\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626093,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/30\/hassan-allam-plans-to-ipo-by-october-eyes-dual-listing\/","url_meta":{"origin":582459,"position":4},"title":"Hassan Allam plans to IPO by October, eyes dual listing","author":"enterpriseam admin","date":"30 August 2018","format":false,"excerpt":"IPO WATCH- Hassan Allam eyeing October IPO Hassan Allam Holding\u2019s planned IPO could go ahead as early as October and may include a global depository receipt program, the domestic press suggested yesterday, citing unnamed sources. The timeline for the transaction is contingent on approval from the Financial Regulatory Authority, which\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625303,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/hassan-allam-could-ipo-by-4q2018-debunks-news-on-size-of-offering-and-valuation\/","url_meta":{"origin":582459,"position":5},"title":"Hassan Allam could IPO by 4Q2018, debunks news on size of offering and valuation","author":"enterpriseam admin","date":"1 August 2018","format":false,"excerpt":"IPO WATCH- Hassan Allam could IPO by 4Q2018, debunks news on size of offering and valuation: Hassan Allam Holding, one of the region\u2019s leading contractors, has yet to decide on the size of the an initial public offering of its shares, a senior company executive told Enterprise yesterday, saying figures\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/582459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=582459"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/582459\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/582457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/582460"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=582459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=582459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=582459"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=582459"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=582459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}