Welcome note by Prof. Sherine Al-Shawarby, placed beside her Prof. Abla El Khawaga, Prof. Mona El Garf, Prof. Mona El Baradie at the workshop.

Cairo, Egypt, 20th March 2016

In recognition of the increasing role of entrepreneurs in the world’s economy and the role of competition laws in enabling the investment climate, the Center for Institutions, Economics and Law in Egypt (CIELE) at the Faculty of Economics and Political Science (FEPS), Cairo University, in collaboration with its business partners; the Egyptian Banking Institute (EBI) and the Egyptian Competition Authority (ECA), organized a workshop on "Enhancing Business Environment" on March 20th 2016. The workshop was funded by the German Academic Exchange Service (DAAD) and hosted by FEPS.

The workshop aimed at examining two crucial matters to enhance the business environment in Egypt; access to finance and compliance with competition laws.

Welcome note was delivered by Prof. Sherine Al-Shawarby, FEPS vice dean for community affairs and environment development and the director of CIELE Prof. Abla El Khawaga, in which they outlined the objectives and perspectives of the workshop. Prof. Mona El Garf, chairman of the ECA and the director of the EBI Prof. Mona El Baradie, opened the workshop by outlining some of the challenges and potential opportunities of empowering entrepreneurs and competition authorities on the Egyptian economy.

The first session was chaired by Prof. Ola El Khawaga, Director of the Research and Awareness Department at EBI, and compromised of two presentations conducted by Ms. Nevine El Tahri, Chairperson of Delta Shield for Investment, and Mr. Sherif Yassin, Branch Manager specialized corporate at QNB AlAhli. The session aimed at examining the role of financial institutions in financing entrepreneurs especially after the Central Bank of Egypt’s initiative to encourage very small, small and medium enterprises. It also addressed the potential challenges that entrepreneurs face while starting their business and how to overcome them.

The second session was chaired by Dr. Asmaa Ezzat, assistant professor of Economics at FEPS, and compromised of two presentations that were delivered by Prof. Mona El Garf, Chairman of ECA, and Dr. Kurt Stockmann, former vice president of the German Competition Authority. Professor El Garf’s presentation highlighted the relationship between enhancing competition and increasing investments and the challenges that ECA has to address. Dr. Stockmann, on the other hand, shed light on his experience with the German Competition Authority and how it was able to overcome the challenges facing the investment climate.