{"id":588873,"date":"2023-06-18T00:00:00","date_gmt":"2023-06-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/this-evening-the-ifc-is-advising-on-our-state-privatization-program\/"},"modified":"2023-06-18T00:00:00","modified_gmt":"2023-06-18T00:00:00","slug":"this-evening-the-ifc-is-advising-on-our-state-privatization-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/18\/this-evening-the-ifc-is-advising-on-our-state-privatization-program\/","title":{"rendered":"THIS EVENING: The IFC is advising on our state privatization program"},"content":{"rendered":"

Good afternoon, friends, and welcome to a special Sunday.<\/span> While Egypt may not formally<\/span> recognize the occasion, today is Father\u2019s Day pretty much everywhere else in the world. We sincerely hope all the dads out there get a call, a hug, or some <\/span>Millennial Dad goodies<\/a><\/span>.<\/span><\/p>\n

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

<\/span>Gov\u2019t taps IFC to advise on state privatization program:<\/span> International Cooperation Minister Rania Al Mashat signed a transaction advisory services agreement with International Finance Corporation (IFC) Managing Director Makhtar Diop that will see the IFC act as an advisor on the state privatization program. Under the agreement, which Al Mashat and Diop signed at an event Enterprise attended, the IFC will offer \u201ctechnical assistance and advisory support to develop a strategy and implementation plan,\u201d and assist in the process of preparing assets to be sold.<\/span><\/p>\n

Diop meets El Sisi, Al Mashat:<\/span> Diop also sat down with President Abdel Fattah El Sisi and<\/span> Al Mashat to discuss the implementation of the state privatization program, according to an <\/span>Ittihadiya statement<\/a><\/span>.<\/span><\/p>\n

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

The foreign press is yet to shift its attention from Blinken\u2019s visit to China: <\/span>US Secretary of<\/span> State Antony Blinken kicked off his two-day diplomatic talks in China earlier today, having already met with Chinese Foreign Minister Qin Gang. Blinken\u2019s visit marks the first top American diplomat to visit the country in five years and comes amid high tension between the two sides. Blinken will also meet with China\u2019s top diplomat Wang Yi and could possibly hold talks with President Xi Jinping as well. (<\/span>Reuters<\/a><\/span> | <\/span>Bloomberg<\/a><\/span>| <\/span>AP<\/a><\/span>| <\/span>BBC<\/a><\/span>| <\/span>CNN<\/a><\/span> | <\/span>CNBC<\/a><\/span>) <\/span><\/p>\n

<\/span><\/p>\n

The Enterprise Finance Forum is our flagship gathering \u2014 the one so many of you have <\/span>been waiting for. <\/span>The two-day event takes place this September and will be the latest in our must-attend series of invitation-only, C-suite-level gatherings. Stay tuned for more information on the location. <\/span><\/p>\n

TAP OR CLICK <\/span>HERE<\/a><\/span> if you want to express interest in attending. <\/span>We\u2019ll be sending out the first batch of invitations just after the 30 June holiday. <\/span><\/p>\n

Do you want to become a commercial partner? <\/span>Email mtaalab@enterpriseadvisory.com.<\/span><\/p>\n

STAY TUNED for more detail <\/span>about our exciting agenda in the weeks to come. <\/p>\n

<\/span><\/p>\n

\n

** CATCH UP QUICK<\/span> on the top stories from today\u2019s <\/span>EnterpriseAM<\/span>:<\/span><\/p>\n