Back to the complete issue
Monday, 17 October 2016

What we’re tracking this week

SCA talking to big lines about pre-payment: The Suez Canal Authority is meeting with Maersk, CMA, and MSC to discuss a proposal floated last week that would see the operators pre-pay the authority USD 4 bn as a three-year advance to boost international reserves, unnamed sources tell Al Mal. The terms stipulate a 3% discount on transit expenses, with the advances deposited at the Central Bank of Egypt.

The Digital Media Forum in Cairo takes place on Wednesday at the Four Seasons Nile Plaza; registration is still open.

The Egyptian Businessmen’s Association will discuss the second phase of feed-in tariff projects with New and Renewable Energy Authority executive chairman Mohamed El Sobky on Thursday, Al Masry Al Youm reported.

Also on Thursday: Hillary Clinton and Donald Trump square-off in the third and final debate of the 2016 US presidential election. They’re set to clash starting 9pm Eastern on Wednesday, 19 October (that’s 3am CLT on Thursday, 20 October). Two national polls put Clinton in the lead, but by wildly different margins: One gives her an 11 point lead, the other a four-point advantage, CNN reports. Reports on early ballot requests suggest Democrats are gaining ground compared to four years ago. Trump is dialing up the “rigged election” rhetoric. The Orange One is also very unhappy with Alec Baldwin’s latest skit on Saturday Night Live, it seems. The Washington Post has a nice rundown on the NSL angle.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.