{"id":647180,"date":"2017-05-04T03:54:19","date_gmt":"2017-05-04T03:54:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/what-were-tracking-on-4-may-2017\/"},"modified":"2017-05-04T03:54:19","modified_gmt":"2017-05-04T03:54:19","slug":"what-were-tracking-on-4-may-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/what-were-tracking-on-4-may-2017\/","title":{"rendered":"What we\u2019re tracking on 4 May 2017"},"content":{"rendered":"<p>Yes, we know, it\u2019s anecdotal evidence and all, but <strong>we can\u2019t help but smile this morning as we note:<\/strong><\/p>\n<ul type=\"disc\">\n<li>a steel company committing USD 250 mn to new lines;<\/li>\n<li>a PE outfit saying it has bought 75% of a 100+ year-old heritage brand (and that it plans to invest even more in it);<\/li>\n<li>a VC outfit buying into an online grocery player;<\/li>\n<li>an investment bank looking to expand outside Egypt.<\/li>\n<\/ul>\n<p>It\u2019s (almost) enough to make us non-cynical about the notion that a US-based tech giant with 15k employees might consider investing USD 1 bn in Omm El Donia. We have the details in Speed Round, below. We\u2019ve long been yammering on about foreign investors being unlikely to come into Egypt in droves until domestic investors light the way. It\u2019s starting to feel more and more as if we\u2019re on the leading edge of a wave of domestic investment.<\/p>\n<p><strong>We stopped in on the World Bank yesterday as part of the media delegation <\/strong><strong>accompanying AmCham\u2019s 2017 Doorknock mission to Washington, DC. <\/strong>The annual pilgrimage sees leading figures in the Egyptian business community engage directly with policymakers and lawmakers to make the case for closer ties between the two nations. At the World Bank, Vice President for MENA <strong>Hafez Ghanem noted that he\u2019ll be visiting Egypt with a WB delegation at the end of next week <\/strong>for meetings with government officials. Ghanem also said that the third USD 1 bn tranche of the USD 3 bn World Bank loan is expected to be disbursed around December. Final dates will be confirmed in September. Ghanem also spoke favourably of the Ismail government\u2019s drive to create jobs and strengthen the social safety net, which he noted are in line with the World Bank\u2019s priorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, we know, it\u2019s anecdotal evidence and all, but we can\u2019t help but smile this morning as we note: a steel company committing USD 250 mn to new lines; a PE outfit saying it has bought 75% of a 100+ year-old heritage brand (and that it plans to invest even more in it); a VC [&hellip;]<\/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":[7204],"tags":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647180","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"742c94b0-c6b1-4f06-b174-9a1b258af19a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647178],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What we\u2019re tracking on 4 May 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\/05\/04\/what-were-tracking-on-4-may-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 4 May 2017\" \/>\n<meta property=\"og:description\" content=\"Yes, we know, it\u2019s anecdotal evidence and all, but we can\u2019t help but smile this morning as we note: a steel company committing USD 250 mn to new lines; 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The Ministry of Investment\u2019s new national ad campaign kicked off last night, and we\u2019re impressed with the first two copies we\u2019ve seen. The core message of the campaign, which is being run for the ministry by our friends at Tarek Nour Group\u2019s DDB:\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651142,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/06\/what-were-tracking-on-6-february-2017\/","url_meta":{"origin":647180,"position":1},"title":"What we\u2019re tracking on 6 February 2017","author":"enterpriseam admin","date":"6 February 2017","format":false,"excerpt":"The Finance Ministry was expected to sign off yesterday on accounting regulations governing how businesses treat expenses incurred in sourcing FX outside the banking system for the period between 1 January 2016 to 3 November 2016, according to statements by Deputy Finance Minister Amr El Monayer picked up by Al\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641545,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/26\/what-were-tracking-on-26-september-2017\/","url_meta":{"origin":647180,"position":2},"title":"What we\u2019re tracking on 26 September 2017","author":"enterpriseam admin","date":"26 September 2017","format":false,"excerpt":"** It\u2019s a reasonably quiet news morning here in Egypt and around the world (if you can ignore the North Koreans muttering that they can now shoot down US aircraft because the Trump administration has \u201cdeclared war\u201d). We\u2019re taking this as a chance to enroll in remedial math classes. We\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646259,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/what-were-tracking-this-week-166\/","url_meta":{"origin":647180,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"11 June 2017","format":false,"excerpt":"It\u2019s looking set to be a busy week on the legislative and regulatory fronts:The stamp tax on capital market transactions could come into effect this week, an unnamed senior Finance Ministry official tells Youm7. The levyawaits approval by the president and publication in the Official Gazette once the executive regulations\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","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":632968,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/what-were-tracking-on-25-february-2018\/","url_meta":{"origin":647180,"position":4},"title":"What we\u2019re tracking on 25 February 2018","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Egypt\u2019s USD 4 bn in eurobonds listed on LSE: The listing of Egypt\u2019s successful USD 4 bn multi-tranche eurobonds on the London Stock Exchange (LSE) was completed last Wednesday, the LSE said in a press release on Thursday. \u201cDespite market volatility, the order book peaked at USD 12.5 bn,\u201d the\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","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\/2018\/2\/407.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618937,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/22\/this-evening-egypt-is-in-for-usd-400-mn-in-budget-funding-from-uk\/","url_meta":{"origin":647180,"position":5},"title":"THIS EVENING: Egypt is in for USD 400 mn in budget funding from UK","author":"enterpriseam admin","date":"22 April 2024","format":false,"excerpt":"Good afternoon, folks, and happy Monday. We hope the heat wave isn\u2019t wearing you out as we reach the mid-way mark of this shorter business week.Foreign investors are falling in love with Egypt again\u2026 Foreign investors we speak with (debt, equity, and strategic alike) have a growing appetite for Egypt.\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1154.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\/647180","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=647180"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647180\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/647178"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=647180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=647180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=647180"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=647180"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=647180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}