{"id":644704,"date":"2017-07-02T05:28:35","date_gmt":"2017-07-02T05:28:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/02\/eaefs-james-harmon-talks-up-egypts-right-macro-fundamentals-to-us-congress\/"},"modified":"2017-07-02T05:28:35","modified_gmt":"2017-07-02T05:28:35","slug":"eaefs-james-harmon-talks-up-egypts-right-macro-fundamentals-to-us-congress","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/02\/eaefs-james-harmon-talks-up-egypts-right-macro-fundamentals-to-us-congress\/","title":{"rendered":"EAEF\u2019s James Harmon talks up Egypt\u2019s \u201cright macro fundamentals\u201d to US Congress"},"content":{"rendered":"

<\/a> EAEF\u2019s James Harmon talks up Egypt\u2019s \u201cright macro fundamentals\u201d to US Congress:<\/strong> Egypt\u2019s economy currently has the \u201cright macroeconomic fundamentals\u201d to attract foreign direct investment, said Egyptian-American Enterprise Fund (EAEF) Chairman James Harmon in a glowing report on Egypt\u2019s economic recovery to the US House of Representatives\u2019 Committee on Foreign Affairs. \u201cThis creates a multiplier effect and helps bolster the government\u2019s economic reform agenda,\u201d he added. Harmon praised the passing of the Investment Act and the Ismail cabinet\u2019s approval of the Bankruptcy Act, according to a statement put out by the Investment and International Cooperation Ministry<\/a>. Harmon\u2019s report did not shy from naming concerns which might hinder this recovery, the prime culprits being Egypt\u2019s \u201cunderdeveloped\u201d private sector.<\/strong> \u201c[Egypt] suffers from gaps in financing, infrastructure and talent which curbs its ability to expand and grow the economy, which would result in underserved markets, high unemployment rates and low financial inclusion,\u201d he added in the report.<\/p>\n","protected":false},"excerpt":{"rendered":"

EAEF\u2019s James Harmon talks up Egypt\u2019s \u201cright macro fundamentals\u201d to US Congress: Egypt\u2019s economy currently has the \u201cright macroeconomic fundamentals\u201d to attract foreign direct investment, said Egyptian-American Enterprise Fund (EAEF) Chairman James Harmon in a glowing report on Egypt\u2019s economic recovery to the US House of Representatives\u2019 Committee on Foreign Affairs. \u201cThis creates a multiplier […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-644704","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d9611eab-5d78-4a4a-990f-9c8fbc5966c1","order":"0","is_powered_by":true,"section_story_id":"085163a9-1c23-4af7-bcc4-085b67c98c7a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[644695],"teaser":"","voice_url":""},"yoast_head":"\nEAEF\u2019s James Harmon talks up Egypt\u2019s \u201cright macro fundamentals\u201d to US Congress - 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The official claims the US warned Egypt not to implement the bill, but \u201chave not\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":627800,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/eaef-investments-in-egypt-grow-to-usd-130-mn-in-2017\/","url_meta":{"origin":644704,"position":1},"title":"EAEF investments in Egypt grow to USD 130 mn in 2017","author":"enterpriseam admin","date":"12 June 2018","format":false,"excerpt":"Our friends at the Egyptian American Enterprise Fund (EAEF) reported that their investments in Egypt reached USD 130 mn as of the end of 2017, according to the fund\u2019s 2017 annual report (pdf). EAEF\u2019s investments have also attracted another USD 130 mn from foreign institutional investors. Highlights from 2017 include\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":576103,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/10\/eaef-remains-committed-to-supporting-egypts-private-sector-through-the-pandemic-chairman\/","url_meta":{"origin":644704,"position":2},"title":"EAEF remains committed to supporting Egypt\u2019s private sector through the pandemic -chairman","author":"enterpriseam admin","date":"10 November 2020","format":false,"excerpt":"The Egyptian-American Enterprise Fund (EAEF) remains \u201ccommitted\u201d to supporting the Egyptian private sector through the current crisis, and views the pandemic as an occasion to double down on its investment strategy, Chairman James Harmon wrote in a letter (pdf) to shareholders. Harmon announced that the EAEF joined Ezdehar to acquire\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":636869,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/eaef-acquires-significant-minority-stake-in-orchidia-pharma\/","url_meta":{"origin":644704,"position":3},"title":"EAEF acquires \u201csignificant minority stake\u201d in Orchidia Pharma","author":"enterpriseam admin","date":"2 November 2017","format":false,"excerpt":"M&A WATCH- Our friends at the Egyptian-American Enterprise Fund (EAEF) have acquired a significant minority stake in ophthalmic meds maker Orchidia Pharma Industries on Wednesday, EAEF announced in a statement (pdf). The transaction, executed through EAEF\u2019s investment manager Lorax Capital Partners, will see the EAEF subscribe in an upcoming capital\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":597991,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/12\/eaef-makes-its-first-investment-in-egypts-education-sector-with-significant-minority-stake-acquisition\/","url_meta":{"origin":644704,"position":4},"title":"EAEF makes its first investment in Egypt\u2019s education sector with significant minority stake acquisition","author":"enterpriseam admin","date":"12 May 2019","format":false,"excerpt":"M&A WATCH- EAEF makes its first investment in Egypt\u2019s education sector: Our friends at the Egyptian-American Enterprise Fund (EAEF) have acquired a significant minority stake in education management company Advanced Education for the Establishment, Management, and Ownership of Educational Facilities, according to a press release (pdf). 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