Dear followers everywhere, welcome to a new analysis of the most important economic events and reports presented by the Banker Research Unit around the clock today, Saturday, December 7th.
Banker platforms presented a large number of important reports today, starting with the most important event, which is the results of President Sisi’s visit to Denmark and his meeting with the heads of major Danish and international companies.
The report explained that Denmark is a European Union country and has international companies, its budget is billions of dollars, and it has billions of investments. Why should we go to countries around the world and go far away? Surely you know Maersk, the maritime shipping giant on the back of the planet, which has a market value of $193 billion and is one of the largest companies. Operating in the field of containers and sea freight at a high level
The report pointed out that President Sisi, during his visit to Denmark, met with Robert Maersk Aujla, Chairman of the Board of Directors of the A.P. Moller-Maersk Group, who thanked President Sisi for the support provided by the Egyptian government to the company’s work in Egypt, and praised the efforts that Egypt is making to attract foreign investments. In various sectors, overcoming any obstacles facing companies operating in Egypt, he stressed the company’s keenness to strengthen its cooperation and consider increasing the volume of its business in Egypt.
The Banker report indicated that Maersk is currently carrying out work to develop some Egyptian container terminals with the aim of transforming them into global container handling terminals in the eastern and southern Mediterranean region, in addition to the company’s projects to produce and supply its ships with green fuel, and in a way that contributes to making Egypt a regional center for the company’s operations, both with regard to trade. containers or clean fuel production
The Banker Research Panel revealed that President Abdel Fattah El-Sisi also met with Philippe Christiani, President of Copenhagen Infrastructure Partners, who confirmed that his company is ready to cooperate with Egypt and enhance its investments in the clean and sustainable energy sectors in Egypt, due to the promising opportunities in the Egyptian market, and that the company is interested in expanding production. Clean energy and green hydrogen in Egypt, including the green ammonia production project. President Sisi discussed with the company’s president opportunities to enhance the company’s investments in Egypt, and the projects that can be implemented within the framework of cooperation development efforts. Between Egypt and the company.
The Banker Research Unit presented a special report today on the dollar
Banker explained that the real reason behind the rise in dollar prices is the economic policy that aims to attract foreign direct investments. This is by making Egypt more attractive to investment at a time when Egypt is facing major economic challenges. Simply put, if the dollar is cheap, investors will not come because the returns will remain. Less, but if the dollar rises a little, the returns on their investments in Egyptian debt instruments will remain more attractive to them.. The goal of this is to make foreign investments preferable in the Egyptian market. Instead of fleeing, you also attract new investments.
Banker revealed that there is no crisis in the availability of the dollar and explained that there is sufficient dollar liquidity in the banks to meet the needs of the market.. In fact, the government is interested that foreign funds are preferred in Egypt to support the economy, not only through investments, but also through the debt instruments that are offered. In the market
The report pointed out that the goal of the rise in the price of the dollar is not only to attract investments, but also to protect the economy from the escape of hot money, which is the money that comes in at certain periods and goes out quickly if there are problems or fluctuations in the market.. And when the dollar rises a little, this makes investments Foreign debt in debt instruments, such as government bonds, is not only attractive, but it also remains safer than going abroad.
The report explained the fate of dollar prices in the coming period. The report said that experts expect that the economic battle will continue, but since the dollar has risen flexibly and with clear state policies, the situation is not worrying. The whole idea is to preserve foreign investments and direct them to sectors that need support.
Banker platforms presented a different report today about a very important agreement for Egypt
The report explained at the beginning that natural gas is not only an energy source, it affects our daily lives directly in many aspects, such as factories that operate and produce, as well as fertilizer companies and others who mainly depend on gas.
The report said that in a huge strategic step, Egypt signed an agreement with the American company New Fortress to rent a floating gasification unit. This unit will be the second in the Egyptian market, and its main goal is to receive and store liquefied natural gas and convert it to a gaseous state so that it goes directly to the national natural gas network. This idea is not new, but at a time when we are facing a significant increase in local demand, this solution is considered a major step to secure supplies and increase the sector’s ability to meet our needs.
The report pointed out that the new unit will have a storage capacity of 160 thousand cubic meters of liquefied natural gas. Not only that, it has a gasification capacity of up to 750 million cubic feet per day. In short, it will help ensure the flow of gas in huge quantities to various economic sectors, especially during peak times. Summer, when demand for energy increases
Banker explained that this gasification unit will be located on the sea dock of the “Sumed” port in Ain Sokhna, and operation is supposed to begin in the second half of 2025. This means that the infrastructure of the natural gas sector in Egypt will develop greatly, and this will contribute to improving the sustainability of supplies on an ongoing basis.
The latest report with us on Live Today regarding the visit of Prime Minister Dr. Mostafa Madbouly to Qatar
The report said that today, Dr. Mustafa Madbouly, Prime Minister, was on a very important visit to Qatar, and it was important because it focused on the economy and on the Qatari deals coming to Egypt, which the business and financial circles in Qatar were interested in, and we will hear good news very soon.
The report indicated that Madbouly began his visit by meeting with the Emir of the State of Qatar, Sheikh Tamim, on the sidelines of his participation in the activities of the twenty-second edition of the Doha Forum 2024, and the most important focus of the discussions between them was joint investments between the two countries, whether at the level of the two governments or at the level of the private sector and the Qatari and Egyptian business community, in particular. Through the Qatar Chamber of Commerce and Industry, and emphasizing opportunities to advance joint investments in the targeted sectors. In the meeting, Sheikh Tamim stressed that Qatari investment in Egypt is a priority for the Qatari government in the coming period..
The report explained that after his meeting with Sheikh Tamim, Madbouly met and met for a long time with a delegation of businessmen from the Qatar Chamber of Commerce and Industry. It was in the presence of Sheikh Khalifa bin Jassim Al Thani, Chairman of the Board of Directors of the Qatar Chamber of Commerce and Industry. Madbouly confirmed to the Qatari businessmen that a number of investment opportunities had been prepared in preparation for their presentation. On Qatari investors, in a number of economic sectors, including industry, real estate investment, tourism development, and food security.
The report noted that Qatari businessmen confirmed that in the coming period there will be a visit by a large delegation of businessmen and chambers of commerce to Egypt to survey the opportunities they can implement in Egypt.
