{"id":604076,"date":"2023-08-24T00:00:00","date_gmt":"2023-08-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/24\/this-evening-egypt-is-joining-brics-next-year\/"},"modified":"2023-08-24T00:00:00","modified_gmt":"2023-08-24T00:00:00","slug":"this-evening-egypt-is-joining-brics-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/24\/this-evening-egypt-is-joining-brics-next-year\/","title":{"rendered":"THIS EVENING: Egypt is joining Brics next year"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Happy THURSDAY, ladies and gentlemen. <\/strong> We\u2019re sliding into what is either the last or the second-to-last weekend of the summer and of Sahel season (depending on how strictly you apply the August vs September delineation). Whichever side of the fence you\u2019re on, we hope you have a restful few days before we begin the last workweek of the month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY TODAY <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Egypt is among six countries set to join Brics in 2024 <\/strong> as part of the bloc\u2019s expansion, Brics Chairman and South African President Cyril Ramaphosa said today, according to the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/brics-russia-china-summit-b5900168d165cc78b36d5d5c068b7a50\" style=\"\" rel=\"noopener\">Associated Press<\/a>. Also joining the group of developing economies: Saudi Arabia, the UAE, Iran, Ethiopia, and Argentina. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY ABROAD <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Picking up where we left off this morning, Yevengy Prigozhin\u2019s plane crash and the US <\/strong><strong> Republican debate <\/strong> are continuing to lead the conversation in the international business press:<\/p>\n<ul>\n<li><strong> Prigozhin, Wagner chief and strongman who led an aborted <\/strong><strong> mutiny last June <\/strong>has died after the plane that he was on was shot down near Moscow yesterday. All the people on board, ten passengers and three crew members, have been killed. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/prigozhin-plane-crash-villagers-hear-bang-then-see-plane-plummet-ground-2023-08-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/world-66599774\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/812c9da3-80f2-4fe1-8fad-0b4441d1977a\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/russia\/plane-carrying-wagner-owner-prigozhin-crashes-in-russia-all-aboard-killed-82d25f1e?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2023\/08\/24\/prigozhin-plane-crash-wagner-russia-live-updates\/\" style=\"\" rel=\"noopener\">Washington Post<\/a>)<\/li>\n<li><strong> Rowdy, even without Trump: <\/strong> The Republican debates were lively and heated, despite Agent Orange\u2019s absence. Honorable mentions go to Vivek Ramaswamy, a novice to the political game, and Mike Pence, the former vice-president, a seasoned member of the party. (<a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/world-us-canada-66601291\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3a58cc7a-879a-4f50-9192-6bd81d83aa0e\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/trump-will-loom-over-gop-debate-he-skips-8f27fe1b\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/elections\/2023\/08\/23\/republican-debate-ramaswamy-trump-desantis-pence\/\" style=\"\" rel=\"noopener\">The Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/08\/23\/republican-primary-debate-live-updates-desantis-ramaswamy-christie-trump.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong> PSA- Calling all prospective master\u2019s students: <\/strong> Applications for the UK government\u2019s Chevening scholarship will open from Tuesday, 12 September and close on 7 November. The scholarship offers full financial support for students to pursue an eligible master\u2019s degree at over 150 UK universities. Applications will <a target=\"_blank\" href=\"http:\/\/www.chevening.org\/apply\" style=\"\" rel=\"noopener\">be open here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ** CATCH UP QUICK on the top stories from today\u2019s EnterpriseAM: <\/strong><\/p>\n<ul>\n<li><strong> We could soon be importing more Israeli gas: <\/strong>Israeli Energy Minister Israel Katz said yesterday that Israel <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c08bc0ac-2dd6-4c8e-95b3-c3a8cb6003a6\" style=\"\" rel=\"noopener\">will increase gas exports to Egypt<\/a> from its offshore Tamar field.<\/li>\n<li><strong> The redevelopment of the former NDP HQ appears to be moving forward <\/strong>after Prime Minister Moustafa Madbouly last week <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/abf4a31b-be3f-4078-8e89-d6452b339536\" style=\"\" rel=\"noopener\">transferred to the land to two developers<\/a> who, according to the chairman of the Sovereign Fund of Egypt\u2019s tourism sub-fund, will embark on a USD 5 bn project backed by Gulf capital.<\/li>\n<li><strong> Tarboul gets the green light: <\/strong> The General Authority for Investment and Freezones (GAFI) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6e41b87-9006-4a0e-9609-120a98d1f926\" style=\"\" rel=\"noopener\">has approved GV Investments \u2019 ambitious Tarboul industrial project<\/a> in Giza.<\/li>\n<\/ul>\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\"><a href=\"https:\/\/finance.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/climate.enterprise.press\/wp-content\/uploads\/2023\/08\/Finance-Forum-1920px.jpg\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> CHECK OUT OUR AGENDA- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The Enterprise Finance Forum is taking place on 18-19 September at <\/strong><strong> the St. Regis Hotel in Cairo. <\/strong> This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> This is our first two-day event<\/strong>,which should give us plenty of time to dive into the nitty gritty of this industry we love. Our panels will see CEOs, bankers, investors and founders gather to discuss the future and trends shaping banking, finance, fintech and NBFS. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Our full agenda will be out at month\u2019s end. Among the topics we\u2019ll be discussing: <\/strong><\/p>\n<ul>\n<li><strong> Looking into the crystal ball: <\/strong> Top industry CEOs will join us on stage to answer tough questions on where we are as an industry, the forces that will shape all of our businesses going forward, and their views on dealflow in the year ahead.<\/li>\n<\/ul>\n<ul>\n<li><strong> Surviving nuclear winter: <\/strong> We discuss how private equity and venture capital players are tackling challenges including fundraising and deployment in an environment in which it\u2019s awfully difficult to price your local asset in USD terms.<\/li>\n<li><strong> The robots are coming: <\/strong> We explore what the coming AI and big data means for the industry in our part of the world and what can bankers, NBFI, and fintech players do to capitalize on them.<\/li>\n<li><strong> What do you do when nobody wants to be a banker <\/strong> \u2014 and when those who are already (investment or commercial) bankers are either (a) dreaming of doing their own startup or (b) moving to Dubai (or, increasingly, Riyadh)? We go deep into the weeds with industry leaders on how they\u2019re building talent for tomorrow.<\/li>\n<li><strong> NBFIs are a bubble. Prove me wrong: <\/strong> We chart the explosive rise of NBFIs and ask whether the industry is ready for a wave of consolidation. We\u2019ll dive into whether consumer finance is starting to mature as a segment \u2014 and ask which sector is next.<\/li>\n<li><strong> Fintech in 2024: What\u2019s hot and what\u2019s not: <\/strong> We dive deep into which categories are getting traction, where the untapped potential is, what business they would start today if they could, and what we can expect of the sector in the year ahead.<\/li>\n<li><strong> What\u2019s a bank, anyway? <\/strong>Wherein we talk challenger and neobanks with the players looking to shake up the brick-and-mortar industry. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ** NEW: MORE NETWORKING TIME- <\/strong> Our agenda includes expanded networking time, including an expanded coffee break and a post-event networking room for you to interact with your peers and speak one-on-one with the team at Enterprise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> STAY TUNED for more detail <\/strong>about our exciting agenda in the weeks to come.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/finance.enterprise.news\/\" style=\"\" rel=\"noopener\">TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Do you want to become a commercial partner? <\/strong> Ping a note to <a target=\"_blank\" href=\"mailto:mtaalab@inktankir.com\" style=\"\" rel=\"noopener\">Moustafa Taalab, our head of commercial<\/a>.<\/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 target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">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\"><strong> \u2600\ufe0f <\/strong><strong> TOMORROW\u2019S WEATHER- <\/strong>The mercury is rising to 41\u00b0C tomorrow at its peak in the daytime and will settle to 24\u00b0C at its lowest in the evening, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy THURSDAY, ladies and gentlemen. We\u2019re sliding into what is either the last or the second-to-last weekend of the summer and of Sahel season (depending on how strictly you apply the August vs September delineation). Whichever side of the fence you\u2019re on, we hope you have a restful few days before we begin the last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":604077,"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":[7213],"tags":[7270,633,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-brics","tag-enterprisepm","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"be8d2f68-1879-4b55-9e31-a899a14bb6ff","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2021\/1\/4288.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[604074],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.851af1d5-7cbc-4e4f-8548-26e8d8239627.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 EVENING: Egypt is joining Brics next year - 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\/08\/24\/this-evening-egypt-is-joining-brics-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Egypt is joining Brics next year\" \/>\n<meta property=\"og:description\" content=\"Happy THURSDAY, ladies and gentlemen. We\u2019re sliding into what is either the last or the second-to-last weekend of the summer and of Sahel season (depending on how strictly you apply the August vs September delineation). 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We\u2019re looking forward to a weekend of good weather, exciting matches, and a plethora of activities after a long newsweek.THE BIG STORY TODAY It\u2019s a wrap for the Brics Summit in Russia: The heads of Brics nations \u2014 including President Abdel Fattah\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588707,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/15\/egypt-submits-brics-membership-bid-russian-official\/","url_meta":{"origin":604076,"position":1},"title":"Egypt submits BRICS membership bid -Russian official","author":"enterpriseam admin","date":"15 June 2023","format":false,"excerpt":"BRICS membership could boost trade in currencies other than the USD","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/748.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604155,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/27\/last-nights-talk-shows-egypts-joining-brics-parties-announce-their-support-for-sisis-candidacy-for-a-new-term\/","url_meta":{"origin":604076,"position":2},"title":"Last Night\u2019s Talk Shows: Egypt\u2019s joining Brics + parties announce their support for Sisi\u2019s candidacy for a new term","author":"enterpriseam admin","date":"27 August 2023","format":false,"excerpt":"Egypt\u2019s acceptance into the Brics bloc dominated last night's talk shows.","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\/8\/1212.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608803,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/25\/this-evening-brics-is-mulling-its-first-syndicated-loan-that-could-include-egypt\/","url_meta":{"origin":604076,"position":3},"title":"THIS EVENING: BRICS is mulling its first syndicated loan that could include Egypt","author":"enterpriseam admin","date":"25 October 2023","format":false,"excerpt":"Good afternoon and happy near-Thursday. We can see the weekend around the corner as we come to a close to this sluggish news week.THE BIG STORY TODAYBRICS eyes its first-ever syndicated loan and we may get a slice: The New Development Bank, established by the BRICS group of emerging economies,\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/217.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548287,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/02\/algeria-is-interested-in-joining-the-brics-iran-nuclear-talks-could-resume-in-coming-days\/","url_meta":{"origin":604076,"position":4},"title":"Algeria is interested in joining the BRICS + Iran nuclear talks could resume in coming days","author":"enterpriseam admin","date":"2 August 2022","format":false,"excerpt":"Algeria is the latest MENA country to want in on BRICS: Algerian President Abdelmadjid Tebboune said that his country wants to join the BRICS group of major emerging economies, AFP reports. The group, which currently includes China, Russia, India, Brazil and South Africa, has received more attention this year as\u2026","rel":"","context":"In &quot;AROUND THE WORLD&quot;","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604142,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/27\/from-next-year-egypt-will-officially-be-a-bric\/","url_meta":{"origin":604076,"position":5},"title":"From next year, Egypt will officially be a Bric","author":"enterpriseam admin","date":"27 August 2023","format":false,"excerpt":"Saudi Arabia, the UAE , Iran, Ethiopia, and Argentina also got invites","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1201.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\/604076","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=604076"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604076\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/604074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/604077"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604076"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604076"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}