{"id":647739,"date":"2017-05-18T03:54:24","date_gmt":"2017-05-18T03:54:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/18\/on-the-horizon-220\/"},"modified":"2017-05-18T03:54:24","modified_gmt":"2017-05-18T03:54:24","slug":"on-the-horizon-220","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/18\/on-the-horizon-220\/","title":{"rendered":"On the horizon"},"content":{"rendered":"

US President Donald Trump heads to Saudi Arabia this weekend <\/strong>for his first trip abroad since moving into the Oval Office. President Abdel Fattah El Sisi will be in town at the same time, and pundits believe there is a good chance the two will have some face time. NPR has a preview of Trump\u2019s visit<\/a>, while the Financial Times<\/a> notes that top bosses at JPMorgan Chase, Citi, Morgan Stanley, Dow Chemical, Blackstone and General Electric will be accompanying Trump \u201cseeking to sign [transactions] and strengthen ties with the kingdom at a moment where his business agenda has been in doubt.\u201d Described by the New York Times as a reluctant traveler<\/strong><\/a>, Trump will be hitting five countries in nine days<\/strong>, including Saudi, Israel, Belgium, Italy and the Vatican.<\/p>\n

The Central Bank of Egypt\u2019s Monetary Policy Committee will hold a rare Sunday<\/strong>meeting on 21 May<\/strong> to discuss interest rates. Thirteen of 14 economists surveyed by Reuters<\/a> expect the MPC to leave rates on hold despite the IMF suggesting they remain an appropriate tool through which to cool-off inflation.<\/p>\n

The IMF\u2019s executive board is yet to disclose when it will <\/strong>meet<\/strong><\/a> to review and vote on the staff-level agreement to disburse the second tranche of the USD 12 bn extended fund facility by the end of June.<\/p>\n

Slush funds in the spotlight: <\/strong>The Finance Ministry is working with Prime Minister Sherif Ismail to compel all ministries and government agencies to compile reports on special funds under their control, and will present the reports to the House of Representatives for review.<\/p>\n

Siemens will begin commercial operations on 12 turbines at the Beni Suef, Burullus, <\/strong>and New Capital power plants next week<\/strong> at a combined production capacity of 4,800 MW, Al Borsa reports<\/a>.<\/p>\n

Nile University is inaugurating its 2017-18 Business School Guest Speakers Series <\/strong>with a talk headlined \u201cIs the IMF-Egyptian program for economic restructuring on the right track?\u201d Speakers on the panel discussion will include former supply minister Gouda Abdel-Khalek, former finance minister Ahmed Galal, and Nile University business school dean Hassan Aly. You can register to attend here<\/a> if you\u2019re so inclined.<\/p>\n","protected":false},"excerpt":{"rendered":"

US President Donald Trump heads to Saudi Arabia this weekend for his first trip abroad since moving into the Oval Office. President Abdel Fattah El Sisi will be in town at the same time, and pundits believe there is a good chance the two will have some face time. NPR has a preview of Trump\u2019s […]<\/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":[9277],"tags":[72,3157],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647739","post","type-post","status-publish","format-standard","hentry","category-on-the-horizon","tag-enterpriseam","tag-on-the-horizon","wpautop","entry"],"acf":{"mongo_id":"ac7cfe85-800e-4f7b-8498-a467492244ab","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647734],"teaser":"","voice_url":""},"yoast_head":"\nOn the horizon - 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\/18\/on-the-horizon-220\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On the horizon\" \/>\n<meta property=\"og:description\" content=\"US President Donald Trump heads to Saudi Arabia this weekend for his first trip abroad since moving into the Oval Office. 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This comes as US President Donald Trump has reportedly invited President Abdel Fattah El Sisi to visit the White House. We\u2019re watching closely for signs the day may be announced.","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639209,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/on-the-horizon-146\/","url_meta":{"origin":647739,"position":1},"title":"On the horizon","author":"enterpriseam admin","date":"24 October 2017","format":false,"excerpt":"US President Donald Trump is \u201c\u2018very, very close\u2019\u201d to declaring his nominee for the Federal Reserve\u2019s top job, he told the press yesterday, Bloomberg reports. A Reuters\u2019 poll of some 40 economists saw the odds tipping in Fed Governor Jerome Powell\u2019s favor in replacing current chair Janet Yellen when her\u2026","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":640903,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/on-the-horizon-152\/","url_meta":{"origin":647739,"position":2},"title":"On the horizon","author":"enterpriseam admin","date":"7 September 2017","format":false,"excerpt":"The Council of State is expected to begin reviewing the Investment Act\u2019s executive regulations next week and finalize its work by the end of the month.Telecom Egypt could be rolling out mobile services nationwide next week, according to Al Mal. TE is looking to snag a 2-3% market share for\u2026","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651145,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/06\/on-the-horizon-253\/","url_meta":{"origin":647739,"position":3},"title":"On the horizon","author":"enterpriseam admin","date":"6 February 2017","format":false,"excerpt":"Interest rate watch: The Central Bank of Egypt\u2019s Monetary Policy Committee will meet on Thursday, 16 February to review rates. The MPC\u2019s full-year 2017 schedule is here.Flights from Russia to resume? Keep an eye on 23 February, the date state-owned Russian news service Sputnik said had been penciled in for\u2026","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634026,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/03\/on-the-horizon-90\/","url_meta":{"origin":647739,"position":4},"title":"On the horizon","author":"enterpriseam admin","date":"3 January 2018","format":false,"excerpt":"The Finance Ministry will meet next week with the five banks selected to manage Egypt\u2019s upcoming USD 4 bn eurobond issuance, Minister Amr El Garhy tells Al Mal. The two sides will discuss the plan for the issuance, including the timing of the roadshow and the appropriate tenure of the\u2026","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651312,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/09\/on-the-horizon-254\/","url_meta":{"origin":647739,"position":5},"title":"On the horizon","author":"enterpriseam admin","date":"9 February 2017","format":false,"excerpt":"New cabinet on Sunday? Prime Minister Sherif Ismail has said he expects to unveil his new cabinet at the House of Representatives on Sunday. We\u2019re hoping the economic team remains intact, but at least one minister is rumored to be exiting.\u201cTalks\u201d on pre-float letters of credit to resume: Central Bank\u2026","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647739","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=647739"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647739\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/647734"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=647739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=647739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=647739"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=647739"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=647739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}