{"id":639378,"date":"2017-10-29T03:18:15","date_gmt":"2017-10-29T03:18:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/what-were-tracking-on-29-october-2017\/"},"modified":"2017-10-29T03:18:15","modified_gmt":"2017-10-29T03:18:15","slug":"what-were-tracking-on-29-october-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/what-were-tracking-on-29-october-2017\/","title":{"rendered":"What we\u2019re tracking on 29 October 2017"},"content":{"rendered":"

Domestic industry at the heart of structural reforms as IMF delegation talks begin:<\/strong> The government will now start focusing on structural reforms to support manufacturers and exports, Finance Minister Amr El Garhy announced. The IMF delegation will meet with CBE Governor Tarek Amer and El Garhy on Sunday, a ministry statement read<\/a>. Talks with the delegation have recorded \u201csignificant progress,\u201d El Garhy said yesterday, Ahram Gate reports<\/a>. The finance minister says the delegation\u2019s review should wrap by 8 or 9 November and adds that support from the IMF, whose review should unlock another tranche of Egypt\u2019s USD 12 bn extended fund facility, shows the potential of the Egyptian economy. Borrowing from the IMF will be directed towards deficit financing without any stipulation on how or for what specific purpose the funds could be used, Vice Minister of Finance Ahmed Kouchouk says.<\/p>\n

Speaking of manufacturing and exports: Trade and Industry Minister Tarek Kabil will speak <\/strong>today at AmCham\u2019s monthly luncheon meeting. <\/strong>The topic: \u201cEgypt: Industry and Trade Growth.\u201d Members can register here.<\/a><\/p>\n

The Oil Ministry has finished its review of the executive regulations to the Natural Gas <\/strong>Act<\/strong> and will be sending them to Cabinet for its sign-off soon, Minister Tarek El Molla said yesterday, Al Masry Al Youm reports<\/a>. The regulations will outline the roles and duties of EGAS. The market regulator will be in charge of easing the state out of the industry and regulating both private and public players. If the law passes this year, it should permit the first licenses for imports and distribution to be handed out next year. EGAS has granted<\/a> three companies preliminary approval for licenses. The regs to the Natural Gas Act are the latest in a string of reforms the Sisi administration has signalled it is fast tracking <\/strong>for the House of Representatives\u2019 current legislative session. Cabinet approved last week<\/a> of the Universal Healthcare Act (which now goes to parliament) and the executive regulations for the Investment Act last week.<\/p>\n

<\/a> US Vice President Mike Pence will be visiting Egypt and Israel in late December,<\/strong> according to the Associated Press<\/a>. \u201cOne of the messages that I will bring on the president\u2019s behalf to leaders across the region is that now is the time to bring an end to the persecution of Christians and all religious minorities,\u201d Pence said. He also has plans to redirect funds aimed at supporting minorities away from the UN, saying the US<\/a> \u201cwill no longer rely on the United Nations alone to assist persecuted Christians and minorities in the wake of genocide and the atrocities of ISIS. The United States will work hand-in-hand with faith-based groups and private organizations to help those who are persecuted for their faith\u2026 From this day forward, America will provide support directly to persecuted communities through USAID.\u201d<\/p>\n

Were travel warnings issued by Germany and Russia in the wake of the El Wahat<\/strong>attack?<\/strong> The German embassy issued a statement<\/a> on Wednesday clarifying that while it had updated its guidelines on travel and safety in Egypt last week in the wake of the El Wahat attack which killed 16 policemen, it had not issued a blanket travel warning nationwide. Travel warnings were only in place in \u201ccertain areas,\u201d the statement reads without clarifying whether new places had been added. Egypt Independent<\/a> is reporting that the Russian Foreign Affairs Ministry issued a similar travel warning to some parts in Egypt, though we were unable to find a statement from the ministry or the embassy.<\/p>\n

Amazon boss Jeff Bezos has supplanted Bill Gates as the world\u2019s richest man<\/strong> according to the Bloomberg Billionaires Index<\/a> on Friday, on the back of a post-earnings surge in Amazon.com shares that saw his net worth rise to USD 93 bn. This is the first time Gates, whose net worth stands at USD 88.7 bn, was beaten out of the top spot in the index since 2014, Bloomberg notes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Domestic industry at the heart of structural reforms as IMF delegation talks begin: The government will now start focusing on structural reforms to support manufacturers and exports, Finance Minister Amr El Garhy announced. The IMF delegation will meet with CBE Governor Tarek Amer and El Garhy on Sunday, a ministry statement read. Talks with the […]<\/p>\n","protected":false},"author":1,"featured_media":639379,"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":[7204],"tags":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"9ca41eec-014a-4623-b1d7-73ad085029e6","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/10\/227.jpg","photo_position":"above","related_issue":[639376],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 29 October 2017 - 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\/2017\/10\/29\/what-were-tracking-on-29-october-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on 29 October 2017\" \/>\n<meta property=\"og:description\" content=\"Domestic industry at the heart of structural reforms as IMF delegation talks begin: The government will now start focusing on structural reforms to support manufacturers and exports, Finance Minister Amr El Garhy announced. 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The gatherings kick off today and run until 15 October. Among those attending are Investment Minister Sahar Nasr, Finance Minister Amr El Garhy, EGX chief Mohamed Farid and\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647188,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/imf-review-going-well-egypt-on-track-to-receive-second-tranche-of-usd-12-bn-facility-el-garhy\/","url_meta":{"origin":639378,"position":1},"title":"IMF review \u201cgoing well,\u201d Egypt on track to receive second tranche of USD 12 bn facility -El Garhy","author":"enterpriseam admin","date":"4 May 2017","format":false,"excerpt":"Cabinet\u2019s progress on the economic reforms it promised as a condition of the USD 12 bn IMF bailout is so far in line with the fund\u2019s expectations, Finance Minister Amr El Garhy told the press yesterday. According to El Garhy, discussions with the IMF delegation currently in town to assess\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639142,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/what-were-tracking-on-23-october-2017\/","url_meta":{"origin":639378,"position":2},"title":"What we\u2019re tracking on 23 October 2017","author":"enterpriseam admin","date":"23 October 2017","format":false,"excerpt":"An IMF delegation arrives in Cairo today to review progress on the economic reform program ahead of unlocking the next tranche of Egypt\u2019s USD 12 bn extended fund facility. Finance Minister Amr El Garhy and CBE Governor Tarek Amer met earlier this month with IMF Chief Christine Lagarde, who \u201cpraised\u201d\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/10\/2021.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637218,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/between-the-imf-delegations-report-and-sps-outlook-upgrade-amr-el-garhy-had-plenty-to-talk-about\/","url_meta":{"origin":639378,"position":3},"title":"Between the IMF delegation\u2019s report and S&P\u2019s outlook upgrade, Amr El Garhy had plenty to talk about","author":"enterpriseam admin","date":"12 November 2017","format":false,"excerpt":"With plenty of developments on the economic front, Finance Minister Amr El Garhy blanketed the airwaves last night to discuss the IMF delegation\u2019s visit and report on Egypt\u2019s progress and reforms, as well as S&P\u2019s long-awaited move to raise the country\u2019s outlook to \u2018positive.\u2019The IMF delegation agreed to make some\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649325,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/el-garhy-talks-imf-visit-eurobonds-nasr-on-the-investment-act-delays\/","url_meta":{"origin":639378,"position":4},"title":"El Garhy talks IMF visit, Eurobonds; Nasr on the Investment Act delays","author":"enterpriseam admin","date":"30 April 2017","format":false,"excerpt":"Finance Minister Amr El Garhy and Investment and International Cooperation Minister Sahar Nasr\u2019s interviews were the main highlights in the airwaves which largely focused on the Pope\u2019s visit.The IMF delegation arrived yesterday and will be here for two weeks to review progress on the economic reforms before disbursing the second\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639079,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/what-were-tracking-this-week-117\/","url_meta":{"origin":639378,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"22 October 2017","format":false,"excerpt":"The executive regulations for the Investment Act are expected to be issued this week, Prime Minister Sherif Ismail had said. The regs are reportedly causing a stir among companies operating in private freezones, who are crying out against additional fees they will be forced to pay. Some of the fees\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/10\/776.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\/639378","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=639378"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639378\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/639376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/639379"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639378"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639378"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}