{"id":589188,"date":"2023-06-22T00:00:00","date_gmt":"2023-06-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/22\/suez-canal-company-ipo-business-climate-reforms-get-intl-ink\/"},"modified":"2023-06-22T00:00:00","modified_gmt":"2023-06-22T00:00:00","slug":"suez-canal-company-ipo-business-climate-reforms-get-intl-ink","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/22\/suez-canal-company-ipo-business-climate-reforms-get-intl-ink\/","title":{"rendered":"Suez Canal company IPO, business climate reforms get int\u2019l ink"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Moves on the privatization front are getting play in the foreign press this morning. <\/span><span>Reuters has coverage of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/africa\/suez-canal-authority-sell-20-subsidiary-experimental-offer-2023-06-21\/\" style=\"\">planned IPO<\/a><\/span><span> of a Suez Canal company, as well as <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/africa\/egypt-cabinet-approves-draft-law-lifting-tax-exemptions-state-bodies-2023-06-21\/\" style=\"\">draft laws<\/a><\/span><span style=\"font-weight:400;\"> approved by cabinet aimed at leveling the playing field between private and state enterprises. We have more on both stories in the news well, above. <\/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 making headlines: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Price hump: <\/span><span>Camel prices have more than doubled over the past year on the back of the devaluation of the EGP. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/video\/egypt-camel-trade-stalls-as-dollar-exchange-remains-strong\/33CE1B14-432F-4F3B-9468-766A62A43096.html?mod=Searchresults_pos1&page=1\" style=\"\">Wall Street Journal<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/video\/egypt-camel-trade-stalls-as-dollar-exchange-remains-strong\/33CE1B14-432F-4F3B-9468-766A62A43096.html?mod=Searchresults_pos1&page=1\" style=\"\">watch, runtime: 00:40<\/a><\/span><span style=\"font-weight:400;\">).<\/span><\/li>\n<li><span style=\"font-weight:700\">British broadcasting, EGP wages: <\/span><span>BBC staff in Egypt reportedly went on strike yesterday after more than a year of negotiations over the broadcaster's insistence on paying staff in EGP. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.washingtonpost.com\/world\/2023\/06\/14\/bbc-strike-egypt-inflation-currency-devaluation\/\" style=\"\">Washington Post<\/a><\/span><span>).<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Camels are pricier thanks to the EGP deval<\/p>\n","protected":false},"author":1,"featured_media":589189,"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":[7233],"tags":[72,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-589188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-enterpriseam","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"5cce4173-2448-4dae-bcf8-40303fc9a5c5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/1169.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Suez Canal company IPO, Egyptian business climate reforms in the int\u2019l press","related_issue":[589160],"teaser":"PLUS: Camels are pricier thanks to the EGP deval","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.be1cb7df-0878-4b82-bcac-2258be60a3ae.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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He said the negotiations are at an \u201cadvanced stage\u201d and came on the back of the bourse\u2019s moves to simplify listing procedures. REMEMBER-\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/265.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588371,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/sczone-greenlights-ipo-of-port-said-terminal-operator\/","url_meta":{"origin":589188,"position":2},"title":"SCZone greenlights IPO of Port Said terminal operator","author":"enterpriseam admin","date":"11 June 2023","format":false,"excerpt":"Company to start offering \u201cvery soon\u201d","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/471.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543743,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/sca-eyes-20-stake-sales-of-2-3-companies-on-the-egx\/","url_meta":{"origin":589188,"position":3},"title":"SCA eyes 20% stake sales of 2-3 companies on the EGX","author":"enterpriseam admin","date":"16 February 2022","format":false,"excerpt":"SCA eyes floating three of its units: The Suez Canal Authority (SCA) is considering selling 20% stakes in two or three of its companies on the EGX, authority boss Osama Rabie was quoted as saying by CNBC Arabia. Rabie named Canal Rope alongside Canal Harbor and Great Projects as two\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/217.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576944,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/is-the-state-readying-logistics-companies-for-egx-debuts-in-2023\/","url_meta":{"origin":589188,"position":4},"title":"Is the state readying logistics companies for EGX debuts in 2023?","author":"enterpriseam admin","date":"3 November 2022","format":false,"excerpt":"More color on the state\u2019s 2023 IPO pipeline: The Madbouly government plans to IPO as many as four state-owned maritime and land transport companies during 1Q 2023 as it looks to reboot its stalled privatization program, the domestic press reports, citing unnamed sources. Heading to the EGX: Damietta Container &\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/65.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581401,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/the-state-offering-program-and-the-turkey-syria-earthquake-feature-on-the-talk-shows\/","url_meta":{"origin":589188,"position":5},"title":"The state offering program and the Turkey-Syria earthquake feature on the talk shows","author":"enterpriseam admin","date":"9 February 2023","format":false,"excerpt":"It was surprisingly a quiet night on talk shows yesterday: With Lamees El Hadidi, Amr Adib and Ahmed Moussa all having the night off, and Al Hayah Al Youm scaling back its evening show, Ramy Radwan on Masaa DMC and Yahduth Fi Masr\u2019s Sherif Amer more or less had the\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/privatizationpresser-MasaaDMC-8Feb23-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/589188","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=589188"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/589188\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/589160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/589189"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=589188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=589188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=589188"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=589188"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=589188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}