{"id":648498,"date":"2017-04-05T04:05:13","date_gmt":"2017-04-05T04:05:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/on-the-horizon-230\/"},"modified":"2017-04-05T04:05:13","modified_gmt":"2017-04-05T04:05:13","slug":"on-the-horizon-230","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/on-the-horizon-230\/","title":{"rendered":"On the horizon"},"content":{"rendered":"<p><strong>Importers upside down after the float are still looking for relief: <\/strong>Companies with pre-float LCs and demand loans worth more than USD 5 mn will meet with the Union of Egyptian Investors Associations (UEIA) on Sunday, 9 April to discuss relief and payment schedules, <a href=\"http:\/\/www.alborsanews.com\/2017\/04\/04\/1006254\">Al Borsa reports<\/a>. The UEIA is lobbying the CBE to give affected companies 10 years at an interest rate of 7% to make good on what they owe. The UEIA and Central Bank had brokered a settlement agreement for companies with pre-float debt lower than USD 5 mn <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/22\/bankers-acknowledge-cbe-investors-associations-agreement-on-settling-pre-float-lcs\">in February<\/a> that had set a repayment period of two-seven years at a 12% interest rate.<\/p>\n<p><strong>Renaissance Capital will hold its Egypt Investors Conference at the Vineyard Hotel <\/strong><strong>in Cape Town on 24-25th April 2017<\/strong>. The event will see senior management from leading Egyptian companies meet one-on-one with South Africa-based investors. Speakers at the conference will include our friend Ahmed Badr, the CEO for MENA at Renaissance Capital, and a macroeconomic update from RenCap's global chief economist, Charles Robertson.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Importers upside down after the float are still looking for relief: Companies with pre-float LCs and demand loans worth more than USD 5 mn will meet with the Union of Egyptian Investors Associations (UEIA) on Sunday, 9 April to discuss relief and payment schedules, Al Borsa reports. The UEIA is lobbying the CBE to give [&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":[9277],"tags":[72,3157],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648498","post","type-post","status-publish","format-standard","hentry","category-on-the-horizon","tag-enterpriseam","tag-on-the-horizon","wpautop","entry"],"acf":{"mongo_id":"db026707-a181-4ae0-9ee0-865044f60697","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648492],"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>On 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\/04\/05\/on-the-horizon-230\/\" \/>\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=\"Importers upside down after the float are still looking for relief: Companies with pre-float LCs and demand loans worth more than USD 5 mn will meet with the Union of Egyptian Investors Associations (UEIA) on Sunday, 9 April to discuss relief and payment schedules, Al Borsa reports. 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The complainers will be meeting with the UEIA this week to discuss\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":651792,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/21\/investor-associations-claim-to-have-reached-agreement-to-settle-pre-float-debts\/","url_meta":{"origin":648498,"position":1},"title":"Investor Associations claim to have reached agreement to settle pre-float debts","author":"enterpriseam admin","date":"21 February 2017","format":false,"excerpt":"Investor Associations claim to have reached agreement to settle pre-float LCs: The Union of Egyptian Investor Associations (UEIA) is now claiming that it had reached an agreement with the CBE on settling LCs opened from before the EGP float. Members tell Al Borsa that companies with outstanding pre-float LCs worth\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":651846,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/bankers-acknowledge-cbe-investors-associations-agreement-on-settling-pre-float-lcs\/","url_meta":{"origin":648498,"position":2},"title":"Bankers acknowledge CBE, Investors Associations agreement on settling pre-float LCs","author":"enterpriseam admin","date":"22 February 2017","format":false,"excerpt":"Bankers acknowledge CBE, Investors Associations agreement on settling pre-float LCs: Senior banking sector officials appeared to confirm to Reuters that the CBE has indeed reached the agreement which we noted yesterday with the Union of Egyptian Investors Associations (UEIA) on settling LC debt spikes incurred following the EGP float. Under\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":647448,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/ueia-to-establish-holding-company-for-egyptian-investments-in-africa\/","url_meta":{"origin":648498,"position":3},"title":"UEIA to establish holding company for Egyptian investments in Africa","author":"enterpriseam admin","date":"10 May 2017","format":false,"excerpt":"The Union of Egyptian Investors Association (UEIA) plans on establishing a new holding company for investments in Africa with EGP 1 bn in capital, head Farid Khamis said on Tuesday, according to Al Borsa. A number of companies, including Qalaa Holdings and Elsewedy Electric, have expressed their interest in the\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632205,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/ueia-supports-sisis-reelection\/","url_meta":{"origin":648498,"position":4},"title":"UEIA supports Sisi\u2019s reelection","author":"enterpriseam admin","date":"5 February 2018","format":false,"excerpt":"The Union of Egyptian Investors Associations (UEIA) threw their weight behind President Abdel Fattah El Sisi\u2019s reelection bid yesterday, Ahram Gate reports, citing a statement.","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646260,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/on-the-horizon-202\/","url_meta":{"origin":648498,"position":5},"title":"On the horizon","author":"enterpriseam admin","date":"11 June 2017","format":false,"excerpt":"The Investment Ministry will submit draft executive regulations for the Investment Act within a month, Minister Sahar Nasr said, according to Reuters.Central Bank officials will be meeting after Eid Al-Fitr with representatives from companies that are yet to settle pre-EGP float liabilities of more than USD 5 mn, the Secretary\u2026","rel":"","context":"In &quot;ON THE HORIZON&quot;","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\/648498","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=648498"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648498\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648492"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648498"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648498"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}