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Thursday, 7 September 2017

What we’re tracking on 07 September 2017

We slide into the weekend after a blessedly short work week — and still counting the hours until what we expect is three-day weekend 21-23 September for Islamic New Year, which should fall on the Thursday (the Hijri calendar permitting). Despite the prospect of a very busy fall and a 2018 that we think will be challenging on a number of fronts (more on that soon), we’re exceptionally happy to be down to business once again.

A handful of programming notes before we get underway this morning:

Investment Minister Sahar Nasr will be joining our friends at AmCham for lunch on Tuesday, 12 September. The minister will speak on “Embracing the Future: Unlocking Egypt’s Investment Potential.” The event is open to AmCham members and their guests.

Some of our favourite people are among the finalists for the Extel / MERIS 2017 investor relations awards. The usual Gulfie chauvinism is on display from the top down, but still, special recognition is due to the Egyptian pros short-listed, including:

  • Best investor relations by CEO (Middle East) — Hussein Abaza
  • Leading corporate for investor relations (Egypt) — CIB, SODIC, GB Auto, Ezz Steel, PHD
  • Best investor relations professional (Egypt) — Heba Makhlouf (SODIC); Sherif Khalil, Nelly El Zeneiny, Yasmine Hemeda (all CIB); Menatalla Sadek (GB Auto); Kamel Galal (Ezz Steel)
  • Most improved IR team (bluechip) — Juhayna, SODIC
  • Most improved IR team (large cap) — PHD

Also, former Egyptian Resorts Company IRO Mohamed Shawky got the nod as a finalist for best IR professional (Kuwait). You can download the full list of nominees here (pdf).

Meanwhile, among the most-clicked links in Enterprise this rather short week, we have:

  • The August 2017 Markit / Emirates NBD purchasing managers’ index (Markit, pdf)
  • A special message to the Northampton Borough Council from Sandor Clegane, on behalf of Enterprise. (Enterprise)
  • The Enterprise fall 2017 legislative primer for business. (Enterprise)
  • President Abdel Fattah El Sisi’s speech to the BRICs council. (Full text from Ittihadiya, pdf)
  • Finance Ministry’s report for July 2017, landing page (Ministry of Finance)

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.