{"id":606081,"date":"2023-09-11T00:00:00","date_gmt":"2023-09-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/11\/more-israeli-gas\/"},"modified":"2023-09-11T00:00:00","modified_gmt":"2023-09-11T00:00:00","slug":"more-israeli-gas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/11\/more-israeli-gas\/","title":{"rendered":"More Israeli gas"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>A week from today, we\u2019ll be meeting many of you at our first-ever two day event on finance. We\u2019ll be talking about everything from AI and digital banks to fintech, the outlook on 2024, and why nobody seems to want to be a banker anymore. If you\u2019ve received an invitation, please make sure to RSVP right away \u2014 space is strictly limited. <\/p>\n

<\/a> ONE WEEK TO GO- There are just seven days <\/strong> until the Enterprise <\/strong> 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

What to expect <\/strong> : <\/strong> Join Amr Allam <\/strong>(co-CEO, Hassan Allam Holding), Pakinam Kafafi <\/strong>(CEO, Taqa Arabia), Sherif El Kholy <\/strong> (partner and head of MENA, Actis), Tarek Abdel Rahman <\/strong> (managing partner, Compass Capital), Tarek Assaad <\/strong> (managing partner, Algebra Ventures), Ahmed Sobhy <\/strong> (chief investment officer, Banque Misr), and many others for talks on everything from how PE and VC players are tackling fundraising in a challenging climate to what major corporate customers of banking and finance need to see from their institutions. <\/p>\n

Tap or click here to view the FULL AGENDA with<\/a><\/strong>SPEAKERS<\/a><\/strong>.<\/a><\/strong><\/a><\/strong><\/p>\n

We are honored to count some of the region\u2019s most important financial institutions as <\/strong><\/p>\n

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

<\/a> <\/p>\n

MORNING MUST-READ- Can we pitch ourselves to Chinese companies as the lynchpin in their China +1 strategy? <\/strong>That\u2019s the suggestion in this morning\u2019s fortnightly column from HSBC (below), wherein Egypt CEO Todd Wilcox reports on investor interest after a spell on the road in Asia. <\/p>\n

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DATA POINT- More gas from Israel: <\/strong>Egypt\u2019s gas imports from Israel rose 21.5% y-o-y to 903 mn cubic feet per day (cf\/d) on average in 1H 2023, Asharq Business<\/a> reports, citing an unnamed official source. Gas imports from Israel are not only used to meet local demand but also to supply our two LNG plants, where gas is liquefied for re-export to Europe. <\/p>\n

Expect another increase starting October: <\/strong>Israel gas imports could rise as high as 1.05 bn cf\/d starting October due to falling seasonal demand in Israel, A<\/a> sharq report<\/a> ed<\/a> previously. <\/p>\n

REMEMBER- More Israeli gas could help us restart exports: <\/strong>Soaring domestic energy demand and falling domestic gas production have caused rolling blackouts across the country this summer, leading to an effective pause<\/a> on our LNG exports since June. Israel has long-term plans to significantly boost its gas exports to Egypt over the next 11 years, following a landmark gas agreement the two countries signed with the EU last year<\/a> to ramp up exports to the bloc as it looks to phase out reliance on Russian fossil fuels.<\/p>\n

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

<\/a> Sahara expo: <\/strong> The Sahara agriculture exhibition<\/a> continues today at the Egypt International Exhibition Center (EIEC), showcasing agricultural machinery, water management systems, and post-harvest technologies. The event runs through to tomorrow.<\/p>\n

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

<\/a> #1- DEBT WATCH- Fresh securitizations from EFG Corp Solutions and Al Ahly <\/strong> Tamkeen this <\/strong> week? <\/strong> That\u2019s according to an unconfirmed report from Al Borsa<\/a>, which said yesterday that:<\/p>\n