{"id":605888,"date":"2023-09-07T00:00:00","date_gmt":"2023-09-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/07\/egypt-at-the-g20-this-weekend\/"},"modified":"2023-09-07T00:00:00","modified_gmt":"2023-09-07T00:00:00","slug":"egypt-at-the-g20-this-weekend","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/07\/egypt-at-the-g20-this-weekend\/","title":{"rendered":"Egypt at the G20 this weekend"},"content":{"rendered":"

Good morning, everyone, and happy Thursday. <\/strong> After a frantic week of news we have a relatively compact issue for you this morning to enjoy with your first coffee of the day. <\/p>\n

MORNING MISCELLANY- Is Sequoia Capital losing its edge? <\/strong>Long one of the most trusted names in Silicon Valley venture capital, investor faith in Sequoia Capital is now wobbling after a series of perceived missteps. (Financial Times<\/a>)<\/p>\n

PSA for children of the late 1980s \/ early 1990s: Meg Ryan is making romantic comedies again. <\/strong>What Happens Later, starring Ryan and the X-Files\u2019 David Duchovny, sees two one-time lovers running into each other decades later at a snowed-in airport. Ryan also directs the flick, which is due in cinemas in November. Check out the trailer (watch, runtime: 2:35<\/a>) or visit the film\u2019s website<\/a>.<\/p>\n

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<\/a> COUNTDOWN- There are just <\/strong> 11 days <\/strong> until the Enterprise Finance Forum, which takes <\/strong> place 18-19 September <\/strong>(Monday and Tuesday) at the St. Regis Hotel on the Nile Corniche. This flagship forum is the latest in our must-attend series of invitation-only events, where CEOs, bankers, investors, founders, and corporate leaders will meet to discuss the trends shaping the future of banking, finance, NBFIs, and fintech \u2014 and of their clients.<\/p>\n

You won\u2019t want to miss this one: <\/strong> Join Karim Awad <\/strong> (CEO, EFG Holding), Hassan Allam <\/strong>(CEO, Hassan Allam Holding), Yasmine El Hini <\/strong> (country officer, IFC), Hazem Moussa <\/strong>(chairman, Contact Financial Holding), Tamer El Emary <\/strong>(group CEO, GB Capital), Hoda Kassem <\/strong> (Cairo global services center director, HSBC Egypt) and many others for talks on everything from investing in uncertain times, to whether NBFIs are a bubble. Stay tuned for the unveiling of our full list of speakers in the coming days. <\/strong><\/p>\n

Tap or click here to REQUEST AN INVITATION or view the FULL AGENDA.<\/a><\/strong><\/p>\n

We are honored to count some of the region\u2019s most important financial institutions as <\/strong> our partners for this special event. <\/strong>The Enterprise Finance Forum could not take place without the support of our partners including Banque Misr, Al Baraka Bank, FAB Misr, HSBC, Mashreq, CI Capital, Global Corp, Visa, Hassan Allam Utilities, and the IFC. <\/p>\n

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HAPPENING TODAY- <\/strong><\/p>\n

<\/a> #1- <\/strong> FinMin, AIIB sit down with private sector players: <\/strong>In the lead up to this year\u2019s Asian Infrastructure Investment Bank (AIIB) annual meeting in Sharm El Sheikh, Finance Minister Mohamed Maait, Deputy Finance Minister Ahmed Kouchouk, and AIIB Vice President Ludger Schuknecht will sit with private sector players to explore what kind of support the bank can offer them, according to a statement (pdf)<\/a>. The AIIB is holding its annual meeting in Sharm El Sheikh on 25-26 September. <\/p>\n

Go deeper: <\/strong>You can check out the agenda for today\u2019s sitdown here (jpg)<\/a>. <\/p>\n

<\/a> #2- The National Dialogue will hold <\/strong>its final session<\/a><\/strong> of the week today<\/strong>, with a round of discussions on social topics including the film industry and student unions.<\/p>\n

HAPPENING THIS WEEK- <\/strong><\/p>\n

#1- Foreign reserves figures will be out any day now. <\/strong> Expect the central bank to release figures for August before Sunday.<\/p>\n

# 2- G20 summit: <\/strong> G20 leaders (sans Xi<\/a> and Putin<\/a>) will gather in New Delhi for the 2023 G20 summit on Saturday and Sunday. <\/p>\n

Remember: Egypt has an invite. <\/strong> Egypt is among the non-G20 countries India has invited to the events this year, though it\u2019s unclear who will be attending this summit. Anonymous sources told Bloomberg<\/a> yesterday that a \u201cleader\u201d from Egypt will be among those attending an Africa-EU meeting on the sidelines of the gathering, though it didn\u2019t specify a name.<\/p>\n

HAPPENING NEXT WEEK- <\/strong><\/p>\n

<\/a> Inflation to hit new record high in August -Reuters: <\/strong>Headline inflation will likely set a new all time high in August, as the impact of successive currency devaluations and the ongoing shortage of FXcontinue to feed through to the economy, according to a Reuters poll<\/a> of analysts. The median forecast of 14 analysts and economists sees consumer prices accelerating at a 37.1% clip in August, up from the previous record high of 36.5% in July<\/a>. <\/p>\n

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THE BIG STORIES ABROAD- <\/strong>The Western press is focused on the Bidens this morning:<\/p>\n