{"id":635078,"date":"2024-07-23T00:00:00","date_gmt":"2024-07-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/23\/act-financials-retail-subscription-closes-with-55x-oversubscription-rate\/"},"modified":"2024-07-23T00:00:00","modified_gmt":"2024-07-23T00:00:00","slug":"act-financials-retail-subscription-closes-with-55x-oversubscription-rate","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/23\/act-financials-retail-subscription-closes-with-55x-oversubscription-rate\/","title":{"rendered":"Act Financial\u2019s retail subscription closes with 55x oversubscription rate"},"content":{"rendered":"

Good afternoon, friends.<\/strong> It\u2019s an unusually quiet news day at home as the long weekend inches closer.<\/p>\n

There are just 63 days left until our next Enterprise Finance Forum<\/strong>, which will take place on Tuesday, 24 September at the St Regis Hotel on the bank of the Nile here in Cairo. <\/p>\n

The nation\u2019s finance industry is at a turning point. <\/strong>Less than six months after the float of the EGP, we are on the right side of a protracted FX crunch that had the business community and Planet Finance alike in a chokehold. <\/p>\n

We\u2019re also in the early days of a generational realignment of power not just in our region, <\/strong>but in the global finance industry:<\/strong> The UAE has for more than a decade been the unquestioned epicenter of finance in the Mideast. Saudi Arabia is jockeying for a position, offering a fat fee wallet as it invests bns in gigaprojects \u2014 but institutions that don\u2019t declare it their regional headquarters could be left on the outside looking in.<\/p>\n

Enter Egypt<\/strong>, where we need to ask tough questions about our role in this finance ecosystem \u2014 and about the role the industry can play in building a real, export-led economy that will be far more resilient to shocks going forward. <\/p>\n

On the agenda in September: <\/strong><\/p>\n