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Thursday, 4 January 2018

On the horizon

The Finance Ministry meets next weeks with the five banks selected to manage the upcoming USD 4 bn eurobond sale, according to Minister Amr El Garhy. The ministry had selected HSBC, Citigroup, JPMorgan Chase & Co, Morgan Stanley, and National Bank of Abu Dhabi to manage the issuance. Al Tamimi & Co. and Dechert LLP have been chosen as legal advisers.

The National Elections Commission will detail the timeline and procedures for the May 2018 presidential elections on Monday, 8 January, in a press conference.

Egypt will sign an MoU on tourism cooperation with Greek and Cyprus in mid-January, Al Shorouk reports. Tourism Minister Yehia Rashed will sign the agreements with his Greek counterpart Elena Kountoura and Cypriot Trade Minister Yiorgos Lakkotrypis during their upcoming visits to Cairo on 14-16 January.

The Trade and Industry Ministry is planning to launch an SME development initiative in 1Q2018. The program will aim to aid job creation and increase the sector’s contribution to national GDP.

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