{"id":605998,"date":"2023-09-10T00:00:00","date_gmt":"2023-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/its-inflation-day-2\/"},"modified":"2023-09-10T00:00:00","modified_gmt":"2023-09-10T00:00:00","slug":"its-inflation-day-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/its-inflation-day-2\/","title":{"rendered":"It\u2019s inflation day"},"content":{"rendered":"

Good morning, friends, and a very happy Sunday to you all. <\/strong>We have a packed issue for you this morning, including why you should care about the upcoming Sharm meeting of the Asian Infrastructure Investment Bank, the latest from the G20 summit, signs of life on Planet VC, and what you can expect of Apple\u2019s fall event on Tuesday.<\/p>\n

Before we get underway: <\/strong>Join us this morning in saying a little prayer for everyone impacted by the devastating earthquake in Morocco. <\/p>\n

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<\/a> PSA: There are only four days left for Egyptians living abroad to settle unfulfilled military <\/strong> servi <\/strong> ce <\/strong> in FX. <\/strong>Folks looking to settle their national service obligation will need to deposit USD 5k \/ EUR 5k into a Banque Misr account at the bank\u2019s Abu Dhabi branch by Wednesday, 13 September. Head here<\/a> for more information.<\/p>\n

<\/a> COUNTDOWN- There are just 8 days 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 Hassan Allam <\/strong>(CEO, Hassan Allam Holding), Fernando Morillo <\/strong> (group head of retail banking, Mashreq), Galal El Beshbishy <\/strong> (co-founder and COO, Synapse Analytics), Basma Rady <\/strong>(chief data scientist, Beltone Financial), Larry Lerner <\/strong>(partner, McKinsey), Islam Zekry <\/strong>(group CFO, CIB), and many others for talks on everything from the impact of AI and data science on banking, to the coming of digital and challenger banks. <\/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- It\u2019s inflation day: <\/strong> Capmas and the central bank will release inflation data for August today.<\/p>\n

Remember: <\/strong> Annual inflation has been soaring since the start of the war in Ukraine in March 2022, and in July hit a second successive all-time high of 36.5%<\/a>.<\/p>\n

A third record high in a row? <\/strong>A Reuters poll<\/a> of analysts last week sees the annual urban rate further increasing in August. The median forecast among the survey of 14 analysts and economists sees consumer prices accelerating at a 37.1% clip during the month.<\/p>\n

Signs inflation could be slowing down? <\/strong><\/p>\n