![]() Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy. *** It’s Inside Industry day - your weekly briefing of all things industrial in Egypt. Another EBRD loan to NBK Egypt? The European Bank of Reconstruction and Development is considering providing a USD 40 mn senior unsecured loan to the National Bank of Kuwait Egypt for on-lending to MSMEs.Egypt’s current account deficit widened more than 2% to USD 5.79 bn in 3Q 2021-2022, as capital outflows and surging commodity prices put pressure on the country’s external position.Introducing the SEIC: Saudi Arabia’s sovereign wealth fund has set up a company to manage its investments in Egypt as it prepares to deploy bns of USD in the country in the coming months.** CATCH UP QUICK on the top stories from today’s EnterpriseAM: Elsewhere, Turkey’s FX reserves got a shot in the arm thanks to transfers from Russian nuclear player Rosatom to a subsidiary in Turkey, Bloomberg reports. Reuters’ front page leads with China and Taiwan carrying out military drills in close proximity to each other in the wake of US House Speaker Nancy Pelosi’s visit to Taiwan last week, while the Wall Street Journal is squarely focused on the US’ tax and climate bill, which is expected to be passed today. ![]() It’s a mixed bag of nuts and bolts in the international business press this afternoon, as is often the case on Sundays. Prime Minister Moustafa Madbouly is expected to announce Farid’s successor as the head of the bourse soon, the newspaper reports. Farid is taking over the position from Mohamed Omran, who has been at the FRA’s helm for the past five years and was given a one-year extension on his term in office on 8 August 2021. We’re easing gently into this new workweek with a comparatively calm news cycle today.įarid is stepping into Omran’s shoes at the FRA: EGX boss Mohamed Farid has been tapped as acting head of the Financial Regulatory Authority (FRA) for one year, effective today, according to an EGX statement. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |