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Zawya
34 minutes ago
- Zawya
E-Systematic Egypt — 'The Official Egyptian Real Estate Platform' announces organizational restructuring and leadership appointments
E-Systematic Egypt — 'The Official Egyptian Real Estate Platform' announces organizational restructuring and leadership appointments to strengthen technologyenabled real estate governance and drive regional expansion Mr. Essam Bahgat appointed Chief Executive Officer (CEO) and Mr. Mohamed Sami Mahmoud appointed Chief Financial Officer (CFO); Mr. Ahmed Elbatrawy continues as Chairman of the Board Cairo — E-Systematic Egypt (an Egyptian Joint Stock Company — S.A.E.), a global Egyptian technology company and the developer and operator of The Official Egyptian Real Estate Platform, announced a focused restructuring program centered on technology-driven real estate governance, operational efficiency, and accelerated innovation. The program reinforces the company's position as a regional PropTech leader by adopting world-class operating and technology standards and deepening institutional partnerships with Egyptian government entities to support market organization, transparency, and trust. Under the restructuring, Mr. Essam Bahgat has been appointed Chief Executive Officer (CEO) and Mr. Mohamed Sami Mahmoud has been appointed Chief Financial Officer (CFO), while Mr. Ahmed Elbatrawy continues as Chairman of the Board. These leadership changes are designed to unify executive decision-making, speed up product and platform development, and strengthen governance and compliance across the organization. The CFO will lead a disciplined growth and regional expansion agenda by improving unit economics and cost efficiency, and by building a robust reporting and KPI framework that informs investment and market-entry decisions while maintaining a resilient financial structure. Near-term priorities Strengthen technology-enabled real estate governance with clear, data-driven policies and accountability. Advance the platform's architecture to global standards, elevating reliability, security, and user experience. • Expand government partnerships to streamline digital market oversight and simplify compliance across the Egyptian real estate ecosystem. Pursue data-driven growth with selective regional expansion that increases returns and market share. About E-Systematic Egypt E-Systematic Egypt (Egyptian Joint Stock Company — S.A.E.) is a global Egyptian technology company that builds digital platforms and services to organize and elevate the real estate market. The company focuses on strong governance, world-class technology, and institutional partnerships in Egypt and abroad to raise efficiency, transparency, and trust across the sector.
Zawya
34 minutes ago
- Zawya
Global Africa Business Initiative (GABI) announces fourth Unstoppable Africa flagship event in New York
The Global Africa Business Initiative (GABI) ( will convene the fourth edition of its annual flagship event, Unstoppable Africa, on September 21-22, 2025, at the Marriott Marquis Hotel in New York. CNN's Larry Madowo and Al Jazeera's Folly Bah Thibault will return as MCs. Unstoppable Africa is the leading African business forum outside the continent. Hosted by United Nations Secretary General António Guterres and H.E. Mahmoud Ali Youssouf, Chairperson of the African Union, the event will take place just before the 80th session of the UN General Assembly in New York. Unstoppable Africa aims to accelerate the continent's economic transformation and empower Africa to lead in shaping the markets of tomorrow. The global landscape is shifting rapidly with trade tensions, evolving alliances, and supply chain disruptions redefining the rules of international trade and commerce. For Africa, these changes present not just challenges but also a significant opportunity. Africa must lead, define its path, and shape its markets. That's why the theme of Unstoppable Africa 2025 is both timely and imperative: The BIG Push: Africa Shapes the Markets. Since its launch in 2022, GABI has brought together more than 8,000 participants, including 10 Heads of State, Government Ministers, corporate executives, investors, philanthropists, academics, artists and designers, stars of sports and screen and UN leaders, to focus on Africa's economic agenda. This year's flagship event will explore how Africa can adapt to global changes and take the lead in areas like Energy, Digital Transformation, Trade, the Creative Economy, and Sport. Key Discussions and Featured Speakers Issues up for discussion at this year's event include: Critical Minerals and Value Chains: Strategic dialogue on harnessing Africa's resources such as lithium, cobalt, graphite, and rare earths, through value addition, processing, and innovation. Unlocking Capital: Innovative financing mechanisms to fuel local enterprises, SMEs, and transformative infrastructure projects. Technology and Market Access: Case studies on how digital innovation is overcoming logistical barriers and connecting African businesses to new frontiers. AfCFTA in Action: Exploring how deeper regional integration can boost intra-African trade and strengthen supply chain resilience. A special fireside chat will feature Luol Deng, former NBA All-Star, real estate investor, and philanthropist, known for his extensive investments in African energy and property sectors as well as his commitment to youth empowerment. Another highlight will be an innovation-focused conversation with Silas Adekunle, Nigerian-born robotics engineer, inventor, and tech entrepreneur, globally recognized for creating the 'MekaMon' gaming robot and for pioneering robotics education to equip the next generation of African innovators. Other speakers confirmed so far include Peter Ndegwa, CEO, Safaricom; Phuthi Mahanyele-Dabengwa, Naspers; Martin Ochien'g, CEO, Sasini; Veronica Bolton Smith, CEO, Critical Minerals Africa Group; Dr. George Elombi, Incoming President, African Import-Export Bank (Afreximbank); Tshepo Mahloele, Chairman, Harith General Partners; Samaila Zubairu, President&CEO, African Finance Corporation; Amina J Mohammed, UN Deputy Secretary-General; Sanda Ojiambo, UN Assistant Secretary-General&CEO, UN Global Compact; Claver Gatete, Executive Secretary, UN Economic Commission for Africa; Nardos Bekele-Thomas ( CEO, NEPAD; Olivier Laouchez, co-founder, Trace; Marcus Samuelsson, Chef and Author; Ndivhuwo 'Elaine' Mukheli, singer-songwriter; Yvonne Aki-Sawyerr, Mayor of Freetown, Sierra Leone and Omoyemi Akelere, CEO, Lagos Fashion Week. In the run up to the event, GABI has started a social media campaign on LinkedIn, X and Instagram asking leaders and influencers to answer the question What Makes Africa Unstoppable? ( By mobilizing personal reflections and stories that inspire, the campaign seeks to spark a wave of organic, high-impact social media engagement. Follow the campaign using #UnstoppableAfrica and #GABI. While the New York event is by invitation only, registration is now open for participants wishing to attend virtually. For more information and to sign up, visit: GABI is coordinated by the UN Global Compact in partnership with the Economic Commission for Africa, UNDP Africa, Sustainable Energy for All, International Telecommunications Union, International Trade Centre, and the Office for the UN Secretary-General's Special Advisor on Africa. For more information about the Global Africa Business Initiative and Unstoppable Africa event, please visit the GABI Website: Distributed by APO Group on behalf of Global Africa Business Initiative.
Khaleej Times
an hour ago
- Khaleej Times
Oil prices rise as Fed rate cut, Trump-Putin talks loom
Oil prices rose about 1% on Thursday after U.S. President Donald Trump warned of "severe consequences" if his talks with Russian President Vladimir Putin on Ukraine fail and on expectations that a U.S. interest rate cut next month could spur oil demand. Central banks, like the U.S. Federal Reserve, use interest rates to control inflation. Lower interest rates reduce consumer borrowing costs and can boost economic growth and demand for oil. Brent crude futures were up 87 cents, or 1.3%, to $66.50 a barrel at 10:53 a.m. EDT (1453 GMT), while U.S. West Texas Intermediate (WTI) crude rose 88 cents, or 1.4%, to $63.53. Those price gains pushed both crude benchmarks out of technically oversold territory for the first time in three days. Brent closed on Tuesday at its lowest price since June 5 and WTI closed at its lowest price since June 2 due in part to bearish inventory and supply data from the U.S. Energy Information Administration and the International Energy Agency. Putin on Thursday praised "sincere efforts" by the U.S. to end the war in Ukraine and floated the prospect of a nuclear arms deal ahead of a summit on Friday in Alaska with Trump. U.S. allies in Europe have urged Trump to stand firm. Russia was the second-biggest producer of crude in 2024 behind the U.S., so any agreement that may ease sanctions on Moscow would likely boost the amount of Russian oil available for export to global markets. Trump on Wednesday threatened "severe consequences" if Putin does not agree to peace in Ukraine. The U.S. president did not specify what the consequences could be, but he has warned of economic sanctions if the meeting on Friday proves fruitless. Trump has threatened to enact secondary tariffs on buyers of Russian crude, primarily China and India, if Russia continues its war in Ukraine. "The uncertainty of U.S.-Russia peace talks continues to add a bullish risk premium given Russian oil buyers could face more economic pressure," Rystad Energy said in a client note. Some analysts, however, remained sceptical that Trump would take action that could significantly disrupt oil supplies. FED RATE CUT Expectations that the Fed will cut interest rates in September also propped up oil prices. Traders overwhelmingly believe a cut will happen next month after U.S. consumer prices increased at a moderate pace in July. U.S. Treasury Secretary Scott Bessent said he thought an aggressive half-percentage-point cut was possible given recent weak employment numbers. But a jump in U.S. wholesale prices last month looks to have all but erased the possibility that the Fed will deliver a jumbo-sized half-percentage-point interest rate cut in September, though expectations for a quarter-percentage-point move next month, followed by another in October, remain intact. San Francisco Fed President Mary Daly has pushed back against the need for a 50-basis-point rate cut at the U.S. central bank's September 16-17 meeting, the Wall Street Journal reported on Thursday. In Europe, meanwhile, Norwegian oil and gas investments are expected to peak this year, and start declining next year as major projects are completed, a statistics office survey of industry players showed on Thursday. Norway produces about 2% of global oil. It became Europe's largest supplier of pipeline gas after Russia's invasion of Ukraine in February 2022.
