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MILAN/WASHINGTON (CI MENA) — (Update on October 31, 2016 to include interview with Cleopatra Group Chairman Mohamed M. Abou El Enein) The upcoming dual listing of Orascom Construction — a construction company partly owned by Microsoft founder Bill Gates — on the Cairo Stock Exchange and NASDAQ Dubai is concrete proof of the economic turnaround happening today in Egypt and can serve as a model for transformational investment for the Middle East and North Africa region as a whole, Egyptian Investment Minister Ashraf Salman said.
[Egypt Minister of Investment Ashraf Salman speaks to Capitol Intelligence/MENA using CI Glass at Intesa San Paolo’s Italia ed Egitto forum in Milan. Feb. 27, 2015.]
During in an interview at an Intesa Sanpaolo forum on Egypt and Italy in Milan, Minister Salman said the soon to be listed Orascom Construction — with an estimated market capitalization of USD 1.5bn-1.6bn — will provide not only greater depth to its domestic stock market but also highlight Cairo’s status as one the world’s best performing capital markets.
WASHINGTON (CI MENA) – Shurooq — the investment and development agency of the UAE emirate of Sharjah — is aggressively seeking to expand its core sectors of transport logistics, healthcare, environment and leisure, Shurooq chief executive HE Marwan J. Al Sarkal said.
[Shurooq chief executive HE Marwan J. Al Sarkal speaks with Capitol Intelligence using CI Glass at a US-UAE Business Council lunch in Washington, DC on September 22, 2014]
Sarkal, who is accompanying United Arab Emirates Economy Minister HE Sultan bin Saeed Al Mansouri on a trade mission to the United States, said UAE’s third largest emirate is not only working hard to attract US companies to Sharjah but also helping Sharjah-based companies identify potential US targets.
WASHINGTON (CI MENA) – Aetna (NYSE:AET), the Hartford, Connecticut-based insurance group is using its experience of the US healthcare as the platform for expansion in the Gulf and other foreign markets, Aetna Chairman and Chief Executive Officer Mark T. Bertolini said.
[Aetna Chairman and CEO Mark T. Bertolini speaks with Capitol Intelligence using CI Glass at the Bipartisan Policy Center’s CEO Council on Health and Innovation on September 16, 2014]
Speaking with Capitol Intelligence at the Bipartisan Policy Center’s CEO Council on Health and Innovation, Bertolini said Aetna uses its experience of both best and worst practices in the US healthcare system to expand the group’s business outside of the United States.
WASHINGTON (CI MENA) –Morocco’s financial services sector is currently financing almost 50% of merger and acquisition financing on the African continent, Kingdom of Morocco Industry, Trade, Investment and Digital Economy Minister Delegate Mamoune Bouhdoud said.
[Morocco Industry and Trade Minister Delegate Mamoune Bouhdoud speaks to Capitol Intelligence using CI Glass during the US Africa Leaders Summit]
Bouhdoud said the strength of Morocco’s financial services sector makes the country an ideal base for foreign investors looking to establish a presence in Africa, especially the francophone west and central part of the continent.
“By investing in Morocco, we can bring together different countries and make it a more efficient investment and a less risky investment,” he said.
CHICAGO (CI MENA) — Sultunate of Oman Minister of Commerce & Industry HE Dr. Ali Masoud Ali Al Sunaidy said the strategically important Gulf nation is wasting no time to radically upgrade the country’s infrastructure through public partner partnerships and privatizations.
[Capitol Intelligence interviews Oman Minister of Commerce & Industry HE Dr. Ali Masoud Ali Al Sunaidy using CI Glass during Oman Roadshow in Chicago]
TUNIS/WASHINGTON (CI MENA) — Tunisia’s status as a gateway to Africa offers opportunities for companies from around the world, but American businesses risk missing out to competition from China, Germany and Italy, Tunisian government and business executives told Capitol Intelligence.
[Tunisian Prime Minister Mehdi Jomaa speaks to Capitol Intelligence using CI Glass prior to Oval office meeting with President Obama]
The Tunisian government welcomes investors from the United States, Minister Development and International Cooperation Noureddin Zekri told Capitol Intelligence on the sidelines of the Tunisian Investment Forum held in Tunis on June 12, 2014
WASHINGTON/TRIPOLI (CI MENA) (Updating on April 9, 2016 to add interview with father of internet Vinton Cerf) – It was surprising to see Google Executive Chairman Eric Schmidt casually walking between market booths through the winding streets of old town Tripoli with a small entourage of staff and two low-key PSDs (personal security detail).
[Google Executive Chairman Eric Schmidt speaks to Capitol Intelligence using Google Glass at New America Foundation in Washington, DC on May 22, 2014]
Mr. Schmidt was equally surprised to bump into a DC-based American financial reporter wearing an Italian suit and tie also strolling through the Kasbah on a late sunny January, 2012 afternoon fresh from a meeting with the Libyan Central Bank. Continue reading →
WASHINGTON (CI MENA) — The upcoming state visit between caretaker Tunisian Prime Minister Mehdi Jomaa and US President Barack Obama on April 4 highlights the North African nation ability to win private sector investment.
[Honeywell CEO Dave Cote speaks with Capitol Intelligence using CI Glass at US House Financial Service Committee. March 25, 2014]
Speaking with Capitol Intelligence, Honeywell International Inc (NYSE:HON) chief executive Dave Cote said Tunisia and greater North Africa and western African region offers interesting opportunities for the US multinational.
CHICAGO/TRIPOLI (CI MENA) — Turkey’s Deputy Prime Minister Ali Babacan is becoming the key figure to securing long-lasting economic stability to Libya and Tunisia and could easily succeed where the US and the EU have so far failed.
[Turkish Deputy PM Ali Babacan speaks to Capitol Intelligence using CI Glass at Chicago Council on Global Affairs. Oct 25, 2013]
A week after Italian Prime Minister Enrico Letta sat down with US President Barack Obama along with National Security Advisor Susan Rice, Vice President Joe Biden and Secretary of State John Kerry to discuss Libya and North Africa, Babacan was in Chicago to promote Turkey and Turkish companies as the way to enter the growth markets of North Africa and Africa.
TRIESTE (CI MENA) – Avelar Energy Group, the Zurich-based renewable energy company, is engaged in a preliminary study to determine whether to enter the Tunisian and North African renewable energy sector, Avelar chief executive officer Igor Akmerov said.
[Renova chairman Viktor Vekselberg speaks to Capitol Intelligence using CI Glass at Italo-Russia Summit with Russian President Vladimir Putin and Italian PM Enrico Letta]
Akhmerov said Tunisia and the North African markets of Libya and Algeria could offer interesting opportunities to the group owned by the Renova Group of Russia’s leading industrialist Viktor F. Vekselberg.