THE EGP/USD CHASE

Egypt is a tale of two markets – a market driven by excess EGP liquidity and a market impacted by USD shortage. Approximately three quarters of EGX30 constituents, particularly banks and real estate, have enjoyed the supersonic growth in domestic liquidity, whereas the rest have been suffering from low capacity utilization rates and/or weaker margins. No wonder, when clients attend conferences, the overall impression is that the macro overhang is not impacting the corporate sector. In fact, it is but a different universe than the 75% EGP-driven firms. On the other hand, industrial firms had to cope with the extreme shortage in USD through various techniques. Some sourced the greenback from banks whereas others had to resort to the parallel market. Construction firms managed to source external funding from multinational corporations and export credit agencies, whereas exporters used their proceeds to fund raw material purchases. On average, companies have managed to survive but under cost pressure and amid intense pressure to invest in working capital, for fear of sudden supply shortages. In this conference, we host both group of firms – the EGP-driven versus the USD-driven to tell us how they see the ongoing rebalancing process. Is it time for USD-driven firms to recover or will EGP-driven firms continue to lead?

Companies invited to our event

 

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Agenda

08.00 - 08.30         Registration
08.30 - 09.00         Verification of setup and answering questions
09.00 - 10.00         Meeting
10.00 - 11.00         Meeting
11.00 - 11.30         Break
11.30 - 12.30         Meeting
12.30 - 14.00         Break
14.00 - 15.00         Meeting
15.00 - 16.00         Meeting
16.00 - 16.30         Break              
16.30 - 17.30         Meeting
17.30 - 18.30         Meeting

09.00 - 10.00         Meeting
10.00 - 11.00         Meeting
11.00 - 11.30         Break
11.30 - 12.30         Meeting
12.30 - 14.00         Break
14.00 - 15.00         Meeting
15.00 - 16.00         Meeting
16.00 - 16.30         Break
16.30 - 17.30         Meeting
17.30 - 18.30         Meeting

09.00 - 10.00         Meeting
10.00 - 11.00         Meeting
11.00 - 11.30         Break
11.30 - 12.30         Meeting
12.30 - 14.00         Break
14.00 - 15.00         Meeting
15.00 - 16.00         Meeting
16.00 - 16.30         Break
16.30 - 17.30         Meeting
17.30 - 18.30         Meeting
                               Conference Closure

 

REGISTER

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