{"id":585466,"date":"2023-04-19T00:00:00","date_gmt":"2023-04-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/19\/this-morning-more-on-the-regional-realignment\/"},"modified":"2023-04-19T00:00:00","modified_gmt":"2023-04-19T00:00:00","slug":"this-morning-more-on-the-regional-realignment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/19\/this-morning-more-on-the-regional-realignment\/","title":{"rendered":"THIS MORNING: More on the regional realignment"},"content":{"rendered":"

Good morning, wonderful people, and a very happy THURSDAY-equivalent. <\/span>Welcome to the final work day in Ramadan before we head off to celebrate Eid. The week is <\/span>ending just as briskly as it began with another busy news day to see us into the extended long weekend. <\/span><\/p>\n

The BIG STORY here at home this morning:<\/span>M&A takes top billing <\/span>as Egytrans move<\/span>s forward with its acquisition of NOSCO. We also bring you plenty of energy news, both positive (as major firms press ahead with more exploration off our shores) and not quite so positive (output from the supergiant Zohr field reportedly dipped last year.)<\/span><\/p>\n

<\/a> <\/span>BUT FIRST- <\/span>The EGX will be closed from tomorrow, 20 April through next Tuesday, 25 April <\/span>to ma<\/span>rk<\/span> Eid El Fitr and Sinai Liberation Day, the bourse <\/span>confirmed in a news bulletin<\/a><\/span> yesterday. That makes a full house: The CBE, the private sector, and the public sector have already been confirmed as getting those days off. <\/span><\/p>\n

We wish you a very happy Eid: <\/span>EnterpriseAM will be back next Wednesday morn<\/span>ing, 26 April, at the appointed hour. <\/span><\/p>\n

<\/a> <\/span>Not enough holidays for you? We\u2019re getting yet another long weeke<\/span>nd very soon <\/span>after Prime Minister Moustafa Madbouly made Thursday, 4 May a holiday for the public and private sector to mark Labor Day, which falls on 1 May. <\/span>The decision was published in the Official Gazette<\/span>. <\/span><\/p>\n

** SO, WHEN DO WE EAT?<\/span> We\u2019ll be breaking our fasts at 6:24pm CLT today. You have until <\/span>3:52am tomorrow morning to hydrate and grab a bite to eat.<\/span><\/p>\n

<\/a><\/p>\n

The Enterprise Exports & FDI Forum, our latest industry-specific conference, is taki<\/span>ng <\/span>place on Monday, 15 May.<\/span> The Enterprise Exports & FDI Forum will give insiders and newcomers alike the chance to talk about how to develop an export-centered business and how their companies can help Egypt build an export-led economy that makes us a magnet for foreign direct investment (FDI).<\/span><\/p>\n

Why exports & FDI?<\/span> In the wake of successive floats of EGP, exports and FDI have never been more important to our economy \u2014 or our businesses. We\u2019re gathering some of the CEOs, top execs from local companies and multinationals, investors, bankers and finance folks to speak on how businesses can adapt their strategies to be export-oriented and what Egypt as a country can do to draw foreign investment and much-needed FX. <\/span>Expect it to be heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories.<\/span>You can learn more on our conference website here<\/a><\/span>.<\/span><\/p>\n

And what better place to discuss moving our goods than Egypt\u2019s original logistics zone \u2014 the Nile. <\/span>That\u2019s why we\u2019re looking forward to holding the event by the river\u2019s vistas <\/span>at the Four Seasons, Nile Plaza. <\/span><\/p>\n

Some of the biggest names in business and finance are on board \u2014 are you?<\/span> The Enterprise Exports and FDI Forum is taking place with the generous support of our friends, including:<\/span><\/p>\n

Banking partners:<\/span> Banque Misr | Al Baraka Bank | Emirates NBD | HSBC <\/span><\/p>\n

Lead partners:<\/span> DB Schenker | DP World | East Port Said Development | IDG | IFC | Madinat Masr<\/span><\/p>\n

Event partners: <\/span>Beyti | Concrete | Global Corp | Grant Thornton | Hassan Allam Utilities <\/span><\/p>\n

WANT TO BECOME A COMMERCIAL PARTNER?<\/span> Ping a note to <\/span>Moustafa, our head of commercial, here<\/a><\/span>.<\/span><\/p>\n

HAVEN\u2019T REQUESTED AN INVITE YET?<\/span> If you\u2019re a C-suite exec, business owner, DFI staff, export executive, investor or banker, please <\/span>fill out the form here<\/a><\/span> to signal your interest, letting us know your name, title and where you work.<\/span><\/p>\n

<\/p>\n

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M<\/span>ore banks launch high-interest certificates of dep<\/span>osit: <\/span><\/p>\n