What we’re tracking in the week of 18 September 2016
El Sisi to meet Sec. Clinton at UN: President Abdel Fattah El Sisi is among the world leaders that Democratic presidential hopeful Hillary Clinton plans to meet in New York this week. The Wall Street Journal and Reuters report that Clinton is “returning to her old stomping grounds next week, planning to meet with foreign leaders gathered for the United Nations General Assembly in New York City.” El Sisi will be in New York for the general assembly’s 71st session. For a detailed look at El Sisi’s policy agenda in New York, check out solid coverage in Ahram Online.
Conference season continues: The Euromoney Egypt conference gets underway tomorrow morning, with plenty of friends of Enterprise due on stage at some point during the two-day event. Euromoney is advertising that Cabinet members will be out in force, including Amr El Garhy and Sahar Nasr on Monday and Sherif Ismail, Tarek Kabil and Dalia Khorshid on Tuesday. Download the agenda here (pdf).
We also expect that a number of Enterprise readers will be presenting and asking questions at tomorrow’s Arqaam Capital MENA Investors Conference 2016 at the Park Hyatt Hotel in Dubai. At least 13 Egyptian issuers are due to attend, as is Deputy Finance Minister Ahmed Kouchouk. Interestingly enough, Iran is also making a play at Arqaam, with Mehrdad Sepahvand, a senior advisor to the Central Bank of Iran, set to give a keynote.
Also tomorrow: Bank of America Merrill Lynch will hold its Global Consumer and Retail Conference in London.
Egypt, Ethiopia, and Sudan’s irrigation ministers are set to sign contracts with French consultancy firms BRL and Artelia for impact studies on the Ethiopian Grand Renaissance Dam during their trilateral summit in Khartoum from Monday to Tuesday, Ahram Online reported citing MENA state news agency. The signing had originally been set for earlier this month, but was reportedly stalled by disputes over the wording of the contract and by Sudan not granting entry visas to officials from the consultancy firms.
Thursday looks set to be a busy day:
- The Central Bank of Egypt will meet to review interest rates. It will do so just one day after the closely watched meeting of the US Federal Reserve’s Open Markets Committee, where there are fears a rate hike could sap some of the momentum from the EM equities rally we’ve seen since the end of the first quarter. A Reuters poll of more than 100 economists late last week found respondents suggesting there’s a 70% probability of a rate hike by December.
- 4G decision day: Thursday is the deadline for existing mobile network operators to accept final terms for 4G mobile broadband network licenses.
- N Gage Consulting will hold a workshop on the New Administrative Capital.