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Sunday, 12 August 2018

What we’re tracking this week and beyond

Governors shuffle coming this week? As many as 12 of the nation’s 27 governors could be replaced in a reshuffle expected to take place on Tuesday or Wednesday, sources tell Al Masry Al Youm. The list of new governors has not been finalized but leading jurists were reportedly among the candidates for higher office in Giza and Upper Egypt when reports of the shuffle first broke out in June.

The Egyptian Federation of Investors Associations (EFIA) is meeting with Finance Minister Mohamed Maait this week to discuss the latest draft of the Customs Act.

The central bank will be reviewing interest rates on Thursday, 16 August.

Orange Egypt’s board of directors is meeting on 27 August to look into the company’s proposal for a voluntary delisting.

This year’s Euromoney conference begins on 4 September.

A delegation of 60 unnamed US companies is set to visit Egypt in October to explore potential investments across a variety of sectors. A Japanese trade delegation is also due to visit the new capital and Suez Canal by the end 2018.

Egypt is set to host the 57th ACI & 43rd ICA World Congress from 25-27 October in Cairo to discuss the latest developments in global banking. The conference will be held under the auspices of CBE Governor Tarek Amer, according to an emailed press release (pdf).

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