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Friday, 4 February 2022

Your top 5 pieces of business and economic news in January 2022

Your top 5 pieces of business and economic news in January:

  • The Enterprise Reader Survey says: 2021 was a very good year to do business, with optimism remaining the prevailing sentiment as we push ahead with 2022.
  • Egypt rejoined JPMorgan’s emerging-market bond index following a decade of absence in a move that could bring new passive flows into the local debt market.
  • Gov’t to step up privatization efforts in coming months: The Madbouly government is planning to sell stakes in state-owned companies every month or two, said Planning Minister Hala El Said.
  • Fawry eyes the Nasdaq: EGX-listed e-payments giant Fawry received approval from its board of directors to create an American depositary shares program, which would allow the company to list shares in the US, and is exploring an SEC-registered secondary offering to follow
  • Fintech, consider yourself regulated: Legislation to regulate the fintech industry received final approval from the House of Representatives.

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.