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Monday, 9 January 2017

Our first Enterprise CEO Poll begins today

** Our first Enterprise CEO Poll kicks off this morning. We’ll have 13 top executives speaking over the course of this week in industries ranging from financial services to food, banking, private equity, manufacturing and law. We’re also very pleased that one of the most influential fund managers on Wall Street with an interest in Egypt has also joined us. We’ll be running the interviews all week long — alphabetically by last name — in the place of our industry news roundups, which will return next week.

Stability is the watchword of 2017. CEOs want policy stability from government on everything from taxes to investment incentives, but don’t expect economic or exchange rate stability until sometime starting the second half of the year, at the earliest. On the whole, they’re more optimistic about the long-term prospects for the economy and their business than they are apprehensive about what they almost universally agree will be a challenging 2017.

The format: Each CEO answered roughly the same set of questions, tailored only for their industry. The interviews have been condensed and edited for clarity and are presented in “as told to” format — that’s journalism speak for “in their own words.”

Today’s participants are:

  • Karim Awad, group chief executive officer, EFG Hermes
  • Ahmed Badr, MENA CEO and head of MENA equities, Renaissance Capital
  • Ahmed Badreldin, partner, The Abraaj Group

Their interviews begin after our Image of the Day, below.

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.