ABOUT US

ORGANIZER

THE EGYPTIAN CENTER FOR ECONOMIC STUDIES (ECES)

The Egyptian Center for Economic Studies (ECES) is an independent, non-profit think tank that conducts specialized economic research, drawing on international experience and constructive discussions among various stakeholders. ECES’s main objective is to propose sound economic policies, as well as institutional and legislative reforms that contribute to sustainable development primarily in Egypt but also beyond Egypt, all on the basis of combined economic efficiency and social justice.


ECES is keen on adopting a comprehensive approach that encompasses legislative, institutional, policy and structural aspects of the problem or area addressed, not to mention their implementation mechanism. In all its activities, ECES relies on its competent team of in-house researchers, in addition to collaborations with external experts and like-minded think tanks as needed.

Economic efficiency and social justice are of core interest to ECES. combined, they constitute the Center's strategic direction. The research and activities done by ECES focus on studying past, present and future challenges facing the Egyptian economy, whether related to macroeconomic stability, microeconomic efficiency political economy aspects, both at the internal and external levels.

Know more about ECES on the official website eces.org.eg.

SPONSORS

KONRAD ADNEAUER FOUNDATION (KAS)

The Konrad-Adenauer-Stiftung is a political foundation active throughout Germany and abroad. Our headquarters are in Berlin where we opened a new event location, the Academy, in 1998, and an office in 2005, which was extended once again by 2019. The majority of KAS employees at the foundation headquarters now work there. Among other things, the Archive for Christian-Democratic Politics is located at Sankt Augustin.

The Konrad-Adenauer-Stiftung developed from the Society for Christian Democratic Educational Work that was founded back in 1955. Since 1964, it has borne the name of the first Federal Chancellor, Konrad Adenauer. We feel bound to Adenauer’s political memory and legacy; his principles serve as our guidelines, mission and commitment. We are therefore politically affiliated with the Christian Democratic Union of Germany, but are financially and organisationally independent. In other words: we fulfil our tasks independently, autonomously and with an open mind. Our services are open to all citizens.

The promotion of liberal democracy and a social market economy, of peace and freedom, transatlantic relations and European unification – this is what the Konrad-Adenauer-Stiftung stands for.

Similar to other political foundations, the Konrad-Adenauer-Stiftung is mostly financed by public funds. As an institution funded by the tax payer with clearly defined tasks both in Germany and abroad, we are aware that our work is expensive yet valuable.

Know more about KAS on the official website www.kas.de.

COMMERCIAL INTERNATIONAL BANK (CIB)

EXCLUSIVE SPONSOR

CIB is the leading private-sector bank in Egypt, offering a broad range of financial products and services to its customers, which include more than 500 of Egypt’s largest corporations, enterprises of all sizes, institutions, and households. CIB’s strong brand and growth in retail and SME banking segments continues to introduce new customers to the bank. As a result, CIB has succeeded in becoming the most profitable commercial bank operating in Egypt for more than 40 years.

The Bank was founded in 1975 as Chase National Bank, a joint venture between Chase Manhattan Bank and the National Bank of Egypt (NBE). In 1987, Chase divested its stake to NBE, who renamed the former joint venture Commercial International Bank.

Over time, NBE’s ownership in CIB declined, and in 2006 a consortium led by Ripplewood Holdings acquired NBE’s remaining 19%. In 2009, Actis, a Pan-African private equity firm specializing in emerging markets, acquired 50% of Ripplewood Consortium’s stake and became CIB's single largest shareholder, with a 9.06% stake.

The emergence of Actis as CIB's predominant shareholder marked a key transition in the bank’s strategic relationships. In March 2014, Actis divested 2.6% of its stake in CIB on the open market, maintaining its seat on the board, and in May of that year, sold its remaining stake to several wholly-owned subsidiaries of Fairfax Financial Holdings. Fairfax Financial Holdings owns through its wholly-owned subsidiaries a total of 6.55% of CIB’s shares. In April 2022, Alpha Oryx Ltd (a subsidiary of ADQ) acquired 18.595% of CIB.

Know more about CIB on the official website www.cibeg.com.