{"id":659034,"date":"2025-01-20T00:00:00","date_gmt":"2025-01-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/20\/trump-team-readies-executive-orders-as-inauguration-day-arrives\/"},"modified":"2025-01-20T00:00:00","modified_gmt":"2025-01-20T00:00:00","slug":"trump-team-readies-executive-orders-as-inauguration-day-arrives","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/20\/trump-team-readies-executive-orders-as-inauguration-day-arrives\/","title":{"rendered":"Trump team readies executive orders as inauguration day arrives"},"content":{"rendered":"

Good afternoon from the gorgeous (and beautifully chill) city of Muscat<\/strong>, where some of us are in town for the official launch of Mashreq in Oman.<\/p>\n

It\u2019s a homecoming of sorts for our friends at Mashreq<\/strong>, who are our partners here at EnterprisePM and for our EnterpriseAM UAE edition: Mashreq started life in 1967 as the Bank of Oman.<\/p>\n

Plenty of the faces here will be well-known to our readers in Egypt<\/strong>, including Mashreq Group CEO Ahmed Abdelaal and Group Head of International Banking Tarek El Nahas.<\/p>\n

Mashreq\u2019s strategy in Oman: Capitalize on <\/strong>deepening trade and investment ties<\/a><\/strong> between the UAE and Oman <\/strong>as the Dubai-headquartered lender builds on its decades-long involvement here. It\u2019s good timing: Oman emerged from 2024 as one of the most intriguing places to do business in the Middle East, with IPO flows that dwarfed London<\/a>, a commitment to economic growth and diversification, and an ambitious series of growth targets.<\/p>\n

We\u2019ll have more in EnterpriseAM tomorrow<\/strong>, with coverage in both EnterpriseAM UAE and EnterpriseAM Egypt.<\/p>\n

Want to go a bit deeper in the meantime? <\/strong>Mashreq outlines its vision for Oman and priority sectors in this slick intro video (watch, runtime: 1:34)<\/a> and you can check out the press release here<\/a>.<\/p>\n

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THE BIG STORY TODAY<\/p>\n

IDG to invest EGP 3 bn in industrial zones in 2025: <\/strong>Samcrete Holding\u2019s industrial arm, Industrial Development Group (IDG), plans to invest EGP 3 bn to develop its industrial zones this year, Managing Director Shady William said during a presser attended by EnterpriseAM earlier this week. <\/p>\n

IDG currently owns three industrial zones<\/strong> \u2014 its 6 of October industrial park, dubbed e\u00b2<\/a>October<\/a>, its New Alamein zone, dubbed e\u00b2 Alamein<\/a>, and its East Port Said Development<\/a>. The company plans to finish developing its 6 of October and New Alamein zones within 3-5 years, with work on the East Port Said Development set to take between 10-15 years. <\/p>\n

Fresh industrial partnerships could also be in the cards:<\/strong> The group is currently looking into a number of strategic partnerships across various sectors, with plans to enter 3-4 partnerships with foreign investors throughout 2025, William said. He highlighted the automotive and pharma sectors as key areas of cooperation, noting that the company is currently exploring opportunities with specialized automotive companies to set up auto feeding industries in its zones.<\/p>\n

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THE BIG STORY ABROAD<\/p>\n

Trump readies flurry of executive orders as day one of his second term nears: <\/strong>Donald Trump\u2019s transition team is reportedly readying over 100 executive orders to be signed following the incoming US president\u2019s inauguration at 12pm EST (around 7pm Cairo time). Among Trump\u2019s expected moves on his first day are reversing many of President Joe Biden\u2019s green policies, pivoting US energy policy back to oil and gas production, kicking off widespread deportations, and imposing new sanctions on Iran. <\/p>\n

It\u2019s not yet clear whether Trump\u2019s threatened tariffs will be put into effect immediately: <\/strong>While some believe that the heavy tariffs Trump has said he will put in place since his presidential campaign will be introduced gradually, Trump has at his disposal emergency powers that could allow him to put them into effect quickly, the FT writes. Stocks were cautiously optimistic and the dollar drifted lower in anticipation of the inauguration, with the full market reaction set to be revealed after today\u2019s national holiday in the US. (Bloomberg<\/a> | Financial Times<\/a> | Reuters<\/a>)<\/p>\n

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