Back to the complete issue
Monday, 20 February 2017

On the horizon

Foreign Minister Sameh Shoukry is heading to Washington on 25 February. It will be his first official visit to DC under the Trump administration, and Shoukry is expected to meet US Foreign Secretary Rex Tillerson for talks on terrorism, Syria, Yemen, Libya, and the Palestinian-Israeli conflict. We also expect the two to lay the groundwork for a state visit by President Abdel Fattah El Sisi. Meanwhile, Shoukry is in Tunisia today for a tripartite meeting on the Libyan crisis with his Tunisian and Algerian counterparts, according to Reuters.

Finance Minister Amr El Garhy will appear before the House of Representatives next week to discuss budget deficit projections, public debt, and presenting the IMF USD 12 bn loan agreement.

It may be necessary to get the House of Representatives to approve the USD 12 bn IMF extended fund facility before the arrival of the IMF delegation expected in early March. The delegation is due to access our progress on the reform package on which the funding is conditional before approving the disbursement of the second tranche of the facility.

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.

For all you who care about movie awards than a good night’s sleep before work, the Oscars will take place from about 3:30am through 7:00am CLT on Monday, 27 February. More on the Oscars website or at official broadcaster ABC’s microsite.

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.