What we’re tracking this week
The Ismail Cabinet will present its draft FY2018-19 budget to President Abdel Fattah El Sisi this week for approval before shipping it to the House of Representatives at the end of the month, Finance Minister Amr El Garhy told Al Masry Al Youm on Saturday.
Pharos Holdings will be holding a two-day investor conference headlined In Search of Egypt Alpha on Friday 2, April. The event, which will be attended by several senior government officials, and is expected to host around 40 companies a range of industries with the aim of providing a platform for dialogue to help explore the long-term prospects for investment in the EGX, Chairman and CEO Elwy Teymour said in a statement (pdf). “In Search for Egypt Alpha Conference aims to support the companies whose stories are not generally visible or known to the market,” said COO Angus Blair. The opening day will see panel discussions on the energy and petrochemicals sectors in light of Egypt’s emergence as an energy hub, while the second day will see meetings between fund managers and corporate representatives.