The Euromoney Egypt Conference: Economic Priorities and the Role of Financial Markets
Mon 11 Nov 2013 - InterContinental Citystars Hotel, Cairo
On Monday 11 November, Euromoney returned to Cairo for its 19th year under the theme of Economic Priorities and the Role of Financial Markets. We are delighted that this year’s event attracted an exceptionally high-level delegate audience, with key international and domestic players keen to discuss and debate the future direction of Egypt’s economy.
The Minister of Finance H.E. Dr Ahmed Galal gave the opening keynote address and spoke optimistically, but frankly, about the government’s commitment to cutting the deficit to 10% from 14% this fiscal year. His remarks and interview were followed by the Minister of Investment H.E. Osama Saleh, the Minister of Tourism H.E. Hisham Zazou, and the Minister of Aviation H.E. Eng Abdel Aziz Fadel, who all addressed the need for recovery and laid out their plans for how to make it happen.
Basil El-Baz, Chief Executive Officer of Carbon Holdings joined the stage in a one-on-one interview and was bestowed the honour of being the first person from the private sector of the day to do so. Other particularly engaging interviewees included James Moran, Ambassador of the European Union to Egypt, Hisham El-Khazindar, Co-Founder and Managing Director of Citadel Capital, Omar El-Hamamsy, Managing Director, McKinsey & Co Egypt, Tom Everett-Heath, Managing Director, Kroll and Wael Fakharany, Regional Director, Google Egypt and North Africa.
Euromoney were honoured to host Dr Mostafa Hegazy, the political adviser to interim-President Adly Mansour who gave the lunch keynote interview. Dr Hegazy affirmed that political stability remains at the core of this interim government’s priories to ensure signs of economic improvement continue in Egypt and the wider region.
The conference also importantly looked closely at key industry sectors including real estate, energy and power, and tourism and aviation. There was a strong consensus on resolving current issues and all speakers placed due urgency on restarting the industry sectors vital to Egypt’s economic recovery.
Euromoney would like to thank all of our sponsors for working with us to deliver this crucial and timely event. Working together, our aim was to provide a necessary platform for critical discussions about Egypt’s economy. Euromoney are proud to be a part of the next chapter of Egypt’s economic future and we look forward to reconvening again next year.