The Egyptian-British Chamber of Commerce and Egyptian British Business Council have the pleasure to invite you to join us at a Breakfast Briefing at 08.45 for a 9.00am start on Wednesday 28 June 2017, at the Waterloo Room of the Institute of Directors (IoD) at 116 Pall Mall, London SW1Y 5ED.
Angus Blair will brief us on the Egyptian Government's economic reform programme and the outlook for business for the foreseeable future. The Government and Central Bank have made substantial progress on its IMF-backed programme, the liberalisation of the exchange rate and the introduction of VAT. Together with the continuing energy subsidy reform these measures all look to strengthen the fiscal position and improve international sentiment of the Egyptian economy as a home for investment. Foreign exchange shortages are being resolved and the interbank market activity is recovering. The recent success of Egypt’s Eurobond sales in London in January and again in May this year has highlighted this change of sentiment. There are also challenges ahead and all investors need to look at the increasing opportunities against some of the economic stresses, which include fast population growth and natural resource issues and geopolitical issues.
Angus Blair, Chief Operating Officer of Pharos Investments and Chairman of Signet. Angus has been based in Cairo for over ten years and has over thirty years experience in investment banking and the financial services sector, covering global markets before specialising in the MENA region. He was closely involved in opening the MENA region’s capital markets, from leading the first GDR in Egypt to the first fund allowing foreign investors into Saudi Arabia. He has been named Global Finance magazine's "Global Emerging Markets Superstar" and was rated in first place in the Institutional Investor's survey of fund managers, for his coverage of the MENA region.
The event will start at 9am and finish at 1030am. Coffee, tea and croissants will be served from 08.45.
Register online to attend this free event.