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Sunday, 19 February 2017

On the horizon

Finance Minister Amr El Garhy will appear before the House of Representatives next week to discuss budget deficit projections, public debt, and what MPs are characterizing as a delay in presenting the USD 12 bn IMF loan agreement to the House for review, sources tell Al Borsa. Representatives have reportedly been growing concerned with the widening budget deficit and soaring inflation.

Foreign Minister Sameh Shoukry will be flying to Washington on 25 February in his first official visit to the Trump White House, Al Shorouk reports. During his two-day visit, Shoukry will meet his US counterpart and other senior government officials to talk terrorism, Syria, Yemen, Libya, and the Palestinian-Israeli conflict.

Among the investor conferences on the horizon:

  • JP Morgan’s Global Emerging Markets Corporate Conference kicks off in Florida on 27 February.
  • The EFG Hermes One on One takes place in Dubai starting 6 March 2017.
  • Renaissance Capital will host its Egypt Investor Conference in Cape Town 24-25 April 2017.

A delegation from the International Monetary Fund will arrive in March to check up on the health of the Ismail government’s economic reform program before approving the release of the second tranche of the USD 12 bn facility, Al Masry Al Youm reminds us.

The Oscars will take place from about 3:30am through 7:00am CLT on Monday, 27 February.

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