{"id":543135,"date":"2022-01-11T14:02:49","date_gmt":"2022-01-11T14:02:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=543135"},"modified":"2025-12-15T20:09:25","modified_gmt":"2025-12-15T20:09:25","slug":"egypt-is-up-tonight-in-afcon","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/egypt-is-up-tonight-in-afcon\/","title":{"rendered":"Egypt is up tonight in Afcon"},"content":{"rendered":"<section id=\"543137\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543137\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TONIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/this-evening-more-securitization-and-sukuk-come-our-way-were-waiting-on-updated-world-bank-projections-its-day-two-of-the-world-youth-forum\/\">\r\n                            THIS EVENING: More securitization and sukuk come our way + We\u2019re waiting on updated World Bank projections + It\u2019s day two of the World Youth Forum                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/this-evening-more-securitization-and-sukuk-come-our-way-were-waiting-on-updated-world-bank-projections-its-day-two-of-the-world-youth-forum\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/this-evening-more-securitization-and-sukuk-come-our-way-were-waiting-on-updated-world-bank-projections-its-day-two-of-the-world-youth-forum\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/this-evening-more-securitization-and-sukuk-come-our-way-were-waiting-on-updated-world-bank-projections-its-day-two-of-the-world-youth-forum\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: More securitization and sukuk come our way + We\u2019re waiting on updated World Bank projections + It\u2019s day two of the World Youth Forum&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/this-evening-more-securitization-and-sukuk-come-our-way-were-waiting-on-updated-world-bank-projections-its-day-two-of-the-world-youth-forum\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/this-evening-more-securitization-and-sukuk-come-our-way-were-waiting-on-updated-world-bank-projections-its-day-two-of-the-world-youth-forum\/&title=THIS EVENING: More securitization and sukuk come our way + We\u2019re waiting on updated World Bank projections + It\u2019s day two of the World Youth Forum\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+More+securitization+and+sukuk+come+our+way+%2B+We%E2%80%99re+waiting+on+updated+World+Bank+projections+%2B+It%E2%80%99s+day+two+of+the+World+Youth+Forum+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F01%2F11%2Fthis-evening-more-securitization-and-sukuk-come-our-way-were-waiting-on-updated-world-bank-projections-its-day-two-of-the-world-youth-forum%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/this-evening-more-securitization-and-sukuk-come-our-way-were-waiting-on-updated-world-bank-projections-its-day-two-of-the-world-youth-forum\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543137\" class=\"content-area-description single-story post-543137 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-covid-19 tag-efg-hermes tag-enterprisepm tag-madinet-masr-for-housing-and-development tag-us tag-what-were-tracking-tonight tag-world-bank tag-world-youth-forum wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s the debt and macro hump day,<\/strong> ladies and gentlemen, with local headlines dominated by securitization news.<\/p>\n<p><strong>THE BIG STORIES TODAY-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The debt market is heating up with new securitization transactions: <\/strong>Madinet Nasr Housing and Development (MNHD) has closed its first EGP 300 mn issuance as part of a three-year EGP 3 bn securitization program, according to a <a href=\"https:\/\/ent.news\/2022\/1\/EFG-Hermes-x-MNHD-First-Issuance-Securitization-English.pdf\">press release (pdf)<\/a> from our friends at EFG Hermes, who acted as sole advisors on the issuance. The three-tranche offering is backed by a receivables portfolio of EGP 373.9 mn.<\/p>\n<p><strong>Meanwhile, <\/strong><strong><a href=\"https:\/\/aloula-eg.com\/\">Al Oula<\/a><\/strong><strong> is also looking to tap the securitization market with a EGP 900 mn issuance in 1H2022<\/strong>, <a href=\"https:\/\/bit.ly\/3r47lBf\">Al Mal<\/a> quotes Managing Director and Vice Chairperson Ayman Abdel Hamid as saying.<\/p>\n<p><strong>\u2026And sukuks: <\/strong>Palm Hills Developments (PHD) is also looking to close a EGP 3 bn sukuk sale this quarter through Contact Financial Holdings\u2019(formerly Sarwa Capital) sukuk arm, Sarwa Promoting and Underwriting head Ayman Elsawy tells Enterprise, confirming a story that came out today in <a href=\"https:\/\/alborsaanews.com\/2022\/01\/11\/1497795\">Al Borsa<\/a>.<\/p>\n<p><strong>FOR TONIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>The World Bank will release its updated Egypt, MENA and global growth forecasts at 4:30pm Cairo time. <\/strong>The latest Global Economic Prospects report will primarily focus on the impact of Omicron to global growth. The World Bank previously <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b25eb2d0-26aa-4dd6-b989-296d562aea36\">upgraded Egypt\u2019s growth outlook<\/a> in October 2021, saying it expected our economy to grow 5.0% in FY2021-2022, up from the 3.3% in FY2020-2021.<\/p>\n<p><strong>Fed chairman Jerome Powell\u2019s confirmation hearing in the US Senate\u2019s banking <\/strong><strong>committee will take place tonight. <\/strong>Powell will likely face a grilling on how the Fed plans to combat inflation, when the planned interest rate hikes are expected, as well as whether he should have acted faster to put a lid on surging US inflation, the <a href=\"https:\/\/www.wsj.com\/articles\/powell-confirmation-hearing-could-shed-more-light-on-plans-to-contain-inflation-11641897004?mod=hp_lead_pos1\">Wall Street Journal<\/a> reports.<\/p>\n<p><strong>^^We\u2019ll have more<\/strong> on these stories and others in tomorrow\u2019s <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>** CATCH UP QUICK on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Annual urban inflation <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8bb1d8d-f765-4ef6-bccb-73f889b098b1\">rose to 5.9%<\/a><\/strong><strong> in December: <\/strong>This compares to 5.6% in November, signaling the end of a two-month downward trend despite a slowdown in food price inflation.<\/li>\n<li><strong>Gov\u2019t wants to nearly double annual exports by 2025:<\/strong> Egypt aims to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af29ce7f-ac37-42d5-9532-a5580fb40618\">increase export revenues<\/a> to USD 60 bn a year by the middle of the decade as part of plans to eventually reach USD 100 bn a year, Trade Minister Nevine Gamea said this week.<\/li>\n<li><strong>UK tourists head to Egypt as covid test rules eased: <\/strong>The UK arm of travel agency TUI is reporting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9125e17a-1080-4f23-9bd6-ec0957c0e73b\">a rise in bookings to Egypt<\/a> after the UK government relaxed covid testing requirements last week.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>It\u2019s day two of the <\/strong><strong><a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a><\/strong><strong> in Sharm El Sheikh<\/strong>, which <a href=\"https:\/\/bit.ly\/34DgBVt\">got underway yesterday<\/a>. <a href=\"https:\/\/bit.ly\/31MuUG9\">President Abdel Fattah El Sisi<\/a> and <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/314457184058042\">Prime Minister Mostafa Madbouly<\/a> gave speeches on how Egypt plans to mitigate the impact of climate change. You can check out the <a href=\"https:\/\/wyfegypt.com\/pdf\/en_agenda_2021.pdf\">full agenda for the forum here (pdf)<\/a>.<\/p>\n<p><strong>The Alexandria and Dekheila ports were reopened today<\/strong> after a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb9326ff-cfcc-4188-929e-a965bb0093e9\">one-day closure<\/a> due to bad weather conditions, according to the <a href=\"https:\/\/bit.ly\/3zN1c0f\">Alexandria Port Authority<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>PSA- Calling seed-stage fintech startups:<\/strong> You have until Tuesday, 15 February to apply to Orange Ventures\u2019 seed challenge for a shot at EUR 500k. To qualify you need to have a seed-stage fintech business that has raised less than EUR 1 mn so far. You can apply <a href=\"https:\/\/vc4a.com\/orange-ventures\/egypt-seed-fintech-challenge\/\">here<\/a>.<\/p>\n<p><strong>Abu Dhabi Sustainability Week looks ahead to COP27: <\/strong>The UAE will host heads of state, business leaders and policymakers at <a href=\"https:\/\/abudhabisustainabilityweek.com\/\">Abu Dhabi Sustainability Week (ADSW)<\/a> from 15-19 January. ADSW will see 45k attendees from 175 countries meet to discuss climate action. Expectations for the UN\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bb36234-3209-4f1f-96f5-338a03610456\">COP27 summit<\/a> in Sharm El-Sheikh in November will likely be high on the agenda. COP28 is <a href=\"https:\/\/www.reuters.com\/business\/cop\/dubai-ruler-says-uae-host-cop28-climate-conference-2023-2021-11-11\/\">set to be<\/a> hosted by the UAE in 2023.<\/p>\n<p><strong>South Korean President Moon Jae-in is due in town from 20-21 January<\/strong> on an official visit, during which he will meet President Abdel Fattah El Sisi. Egypt is the last leg of a Middle East tour that will also take Moon to the UAE and Saudi Arabia.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>THE BIG STORY ABROAD- More omicron records from the US: <\/strong>The US recorded 1.35 mn new infections yesterday, in the biggest case count for any country since the start of the pandemic, reports <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/us-reports-least-11-mln-covid-cases-day-shattering-global-record-2022-01-11\/\">Reuters<\/a>. The US\u2019s seven-day average doesn\u2019t look much better, with new cases tripling in two weeks to over 700k new infections per day thanks to omicron. Preliminary findings from two South African clinical trials find that the new strain has a much higher rate of \"asymptomatic carriage\" than earlier variants, according to another <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/south-african-studies-suggest-omicron-has-higher-asymptomatic-carriage-2022-01-11\/\">Reuters<\/a> article. The mean asymptomatic carriage rate rose to 16% during the period of omicron spread compared to 2.6% during the beta and delta outbreaks, <a href=\"https:\/\/www.medrxiv.org\/content\/10.1101\/2021.12.20.21268130v1\">one of the studies<\/a> found.<\/p>\n<hr class=\"grey-line\">\n<p><strong>IN MEMORIAM-<\/strong> Mostafa El Ahwal, founder of International Associated Cargo Carrier (<a href=\"https:\/\/www.iacc.holdings\/\">IACC<\/a>) Holdings, passed away on Friday. El Ahwal founded IACC Holdings, a privately owned investment company focused on shipping and logistics, in 1979. Since then, IACC\u2019s subsidiaries now include regional container line <a href=\"https:\/\/www.transmar.com\/\">Transmar<\/a>, marine services and ship agencies\u2019 company <a href=\"https:\/\/www.safina-eg.com\/\">Safina Shipping Services<\/a>, stevedoring, warehousing and port services company <a href=\"https:\/\/tciegypt.com\/\">Transcargo International<\/a>, and integrated logistics services company <a href=\"https:\/\/www.linkedin.com\/company\/iacc-logistics\/\">IACC Logistics<\/a>. El Ahwal was a member of the Egyptian Businessmen\u2019s Association, chairman of Egypt East Africa Business Council, head of COMESA Business Council, head of EBA Transportation Committee and a member of the Saudi-Egyptian Businessmen\u2019s Association.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>There\u2019s a very slight chance of rain along with cloudy skies tomorrow. The mercury will reach 19\u00b0C during the day and 10\u00b0C at night, our favorite weather app tells us.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madinet-masr-for-housing-and-development\/\">Madinet Masr for Housing and Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-youth-forum\/\">World Youth Forum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543138\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF 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class=\"content-area-description single-story post-543139 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-bmw tag-enterprisepm tag-for-your-commute wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>A genetically-modified pig heart was transplanted into a Maryland man<\/strong>, in a historic first that has the potential to have larger implications for organ transplant surgery, reported the <a href=\"https:\/\/www.wsj.com\/articles\/doctors-transplant-pig-heart-into-man-11641860067?mod=hp_featst_pos4\">Wall Street Journal<\/a>. The surgery was the first evidence that a human heart can be replaced with a genetically-modified animal heart without immediately being rejected by the human body, although the coming weeks will be critical to prove the success of the surgery. Pig heart valves are regularly used to replace human ones. Doctors at the University of Maryland Medical Center have called the transplant a breakthrough in a field called xenotransplantation, or successful animal-to-human transplants, that researchers have been working to advance for decades.<\/p>\n<p><strong>Like <\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=ALpcxliWLeI\">Kramer<\/a><\/strong><strong>, PETA is worried about pig men: <\/strong>PETA VP spoke out against the surgery, calling it unethical and dangerous, particularly with the risk of viral transmission between animals and humans.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>You\u2019ve had color-changing accessories, but have you had a color-changing car?: <\/strong>The German car manufacturer unveiled last week a new concept vehicle called the iX Flow that comes with \u201cE Ink\u201d that can change colors through an application, according to a <a href=\"https:\/\/www.press.bmwgroup.com\/global\/article\/detail\/T0363158EN\/magical-exterior-colour-change:-the-bmw-ix-flow-featuring-e-ink\">press release<\/a>. The car\u2019s paint uses electrophoretic technology which when stimulated by electrical signals brings different color pigments to the surface \u2014 similar to the tech used in the Amazon Kindle. At the moment, car owners will be able to choose between black, white, and gray, but more color options could be available in the future. The iX Flow will also come equipped with a 31-inch BMW Theatre Screen with Amazon Fire TV that has 5G connectivity, 8K resolution, and surround sound.<\/p>\n<p><strong>You can check out the transformation for yourself <\/strong>with this video from BMWBLOG (<a href=\"http:\/\/youtube.com\/watch?v=tcLX9wcPQT4\">watch, runtime: 04:41<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bmw\/\">BMW<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543141\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543141\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/egypts-afcon-debut-is-tonight-did-the-fed-break-the-us-economy\/\">\r\n                            Egypt\u2019s Afcon debut is tonight + Did the Fed break the US economy? 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<\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong><a href=\"https:\/\/shahid.mbc.net\/en\/series\/Final-Scene-Season-1\/season-914474-914475\/\/\">Final Scene<\/a><\/strong><strong> is a dark (and often twisted) take on some of the region\u2019s most controversial <\/strong><strong>topics. <\/strong>The Shahid original pan-Arab anthology show consists of eight standalone episodes, starts with a nice hum-drum story before descending into darkness. Three episodes are from Egypt: One of the Egyptian episodes stars Nelly Karim and Eyad Nassar who were once lovers five years ago, but their meeting soon takes a less romantic turn as they instead plot a scheme together. In another, Salma Abu Deif and Karim Qassem start off as a love story for the ages (with Naguib Mahfouz recitations and all) but lies turn the relationship into a fight for revenge. Finally, Ahmed Dawood plays a husband who can\u2019t keep up with his wife Bassant Shawky\u2019s demands and soon gets himself into a lot of trouble with debt.<\/p>\n<p><strong>We noticed Netflix Games showing up on our mobile app this morning. <\/strong>You can choose the game you want from your Netflix app and it will redirect you to the App Store. There seem to be quite a few interesting offerings, especially the Stranger Things inspired game. Netflix Games come without charge with your normal streaming subscription.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> \u26bd<strong> Egypt is up tonight in Afcon: <\/strong>Egypt kicks off its Afcon 2021 campaign today, meeting Nigeria in the opening game of Group D at 6pm in Cameroon. The meetup of the Pharaohs and the Super Eagles is highly anticipated with both teams seemingly equally equipped, based on historical matches, writes <a href=\"https:\/\/punchng.com\/nigeria-vs-egypt-things-to-know-as-super-eagles-pharaohs-clash-tomorrow\/\">Punch<\/a>. As usual, Mohamed Salah is Egypt\u2019s wild card, with the team depending on the Liverpool star to get a few balls past Nigeria\u2019s goalie. However, the President of the Authentic Nigeria Football Supporters Club Abayomi Ogunjimi went out to say to <a href=\"https:\/\/www.goal.com\/en-om\/news\/afcon-2021-egypt-s-salah-is-just-one-person-and-nigeria-has\/bltdf2cf192ce264feb\">Goal.com<\/a> that Salah is \u201cjust one person\u201d and that the Nigerian team also has players that can give out a competition.<\/p>\n<p><strong>Our team in Cameroon is (thankfully) sans covid<\/strong>, with all 25 players and the team staff testing negative for the virus, according to <a href=\"https:\/\/bit.ly\/3r7c8lp\">Youm7<\/a>. The team is heading to Afcon a handful of men short, after eight covid cases were confirmed among staff and players <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dd71a905-06a7-4e5b-a5d1-42a1ca1dc557\">a few days ago<\/a>. Since then, goalkeeper Mohamed Abou Gabal, goalkeeping coach Essam el-Hadary, and physiotherapist Mostafa Sadek <a href=\"https:\/\/bit.ly\/3qo4uUN\">tested negative today<\/a> after being among those who tested positive. Preparations are being made to have them catch up with the rest of the team \u201cas soon as possible.\u201d<\/p>\n<p><strong>Other Afcon matches today: <\/strong>Algeria and Sierra Leone are on the field as we dispatch in a match for Group E. Meanwhile, the other match in our Group D will see Sudan play Guinea-Bissau at 9pm.<\/p>\n<p><strong>English Premier League: <\/strong>Southampton will play against Brentford at 9:45pm.<\/p>\n<p><strong>Serie A: <\/strong>Cagliari will compete against Bologna at 9:45pm today.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>Looking to eat healthier, but don\u2019t want to cook your own meals?<\/strong> <a href=\"https:\/\/www.instagram.com\/heatboxmeals\/?utm_medium=copy_link\">Heatbox<\/a> is a new service that offers nutritious food that will be delivered to your home or office. They have over 30 meal combinations and new options are added frequently, all of which are fresh with locally sourced ingredients. The most important thing, in our opinion, is that their food isn\u2019t boring. They offer chicken tikka masala, Asian beef teriyaki, buffalo chicken quesadilla, mac & cheese, peri peri grilled chicken, and a creamy coconut chicken. You can choose from sides including rice, vegetables, pasta, or wedges. They also have a number of sweet treats such as pancakes, chocolate protein muffins, and energy balls. Each meal or dish has a specified calorie and protein count so you can track your intake. You can sign up for their packages on their <a href=\"https:\/\/heatboxmeals.com\/\">website<\/a>.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>D-Sync\u2019s film series continues<\/strong>, with a <a href=\"https:\/\/bit.ly\/3qdD6IM\">screening<\/a> of films by documentary filmmaker Saad Nadim as well as the renowned Shadi Abdel Salam. The event will take place at the Contemporary Image Collective tomorrow at 7pm and will include a group discussion with the attendees.<\/p>\n<p><strong>Cairo Jazz Club 610 has quite the <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/mousv-x-gelba-shahyn-kubbara-d\/217963323857995\/\">trap scene lineup<\/a><\/strong><strong> tomorrow:<\/strong> MousV and producer Gelba will jump-start the night playing songs from their new album together, Maqsoum. Later on rapper Shahyn will take the stage followed by DJ Kubbara.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>A Fed hatchet job ahead Jerome Powell\u2019s confirmation<\/strong><strong>: <\/strong>In <a href=\"https:\/\/www.amazon.com\/Lords-Easy-Money-Federal-American\/dp\/1982166630\">The Lords of Easy Money<\/a>, business journalist Christopher Leonard adds his name to the many critics of quantitative easing, with a particularly scathing look at the US Federal Reserve\u2019s stimulus measures following the global financial crisis. He argues quadrupling the M2 supply in circulation had encouraged banks and other investors to extend more risky debt. Leonard uses this to attribute blame to quantitative easing for everything from wealth inequality to overvalued stocks. The book is a timely read to understand what could happen next through a thorough analysis of what this policy intervention looks like on the ground.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543143\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"543143\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/meet-our-analyst-of-the-week-beltones-rawan-ali\/\">\r\n                            Meet our analyst of the week: Beltone\u2019s Rawan Ali                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/meet-our-analyst-of-the-week-beltones-rawan-ali\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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I\u2019ve been working at Beltone for the past four years and it has really helped me grow on both a professional and personal standpoint. Prior to that I worked as a teaching assistant in economics at the Arab Academy for Science and Technology after I graduated in 2016. I then had a quick stint at a political party before moving to my current job. I\u2019m currently studying for my masters in economics from Cairo University and after I finish it, I\u2019m planning to also get my PhD from abroad\u2026 but I\u2019ll probably take a break for a year or two first [laughs]. We\u2019ll see where life will take me.<\/p>\n<p><strong>The best part of my job is being exposed to the market talk.<\/strong> You get to meet and discuss the market with the people who are actually investing into it. It often feeds into our view as we have an idea of how investors think and perceive things. Research in general allows a lot of room to expand your knowledge. The horizon is endless and I love all the winding roads you have to take to get to a conclusion.<\/p>\n<p><strong>The worst part of my job is the deadlines<\/strong>, especially if you\u2019re working on something you haven\u2019t been exposed to before and you\u2019re tight on time. It\u2019s a demanding job, but that\u2019s not always a bad thing for me. I love my team a lot and the work environment is great, so even when we put in long hours, we enjoy each other\u2019s company throughout.<\/p>\n<p><strong>Egypt and the GCC have some similarities on the macro front when it comes to private spending and energy. <\/strong>I think the past two years were very transitional when it comes to the macro picture. The huge stimulus packages that were offered helped boost private spending in both the GCC and Egypt. Another similarity is the push in the energy sector. In the GCC, this was in the form of oil exports while Egypt did well when it came to natural gas. Egypt\u2019s trade surplus was supported by high natural gas exports and this was a really good feat as it was challenging to keep trade intact with the ongoing supply chain problems. It also contributed to a stable EGP.<\/p>\n<p><strong>We expect Egypt to grow at a 5.6% clip in FY2021-2022. <\/strong>That\u2019s similar to the rest of the region, with Saudi Arabia expected to be up by 4.9% in 2022 and UAE by 5.3% in 2022. As for FY2022-23, we\u2019re expecting a 5.9% growth for Egypt, but it really depends on a number of uncertainties that we could face such as lockdowns or more variants.<\/p>\n<p><strong>Global inflation rates will probably catch up to Egypt this year. <\/strong>We\u2019re expecting a tightening of monetary policy in the coming two years as a result and we forecasted a hike of 100 basis points in interest rates in 2022.<\/p>\n<p><strong>The pandemic definitely changed the way I do my job <\/strong>as I learned that there are two sides to every coin and the one that is most likely to appear is the one with a more solid explanation. When it comes to things such as judging whether oil prices will increase or stay at the same level, you have to choose which of the scenarios is more probable, given a number of uncertainties. When I get things like this right, I feel very proud, but when I get them wrong, I research the subject a bit more to see what factors I might have overlooked to note them the next time. It\u2019s a long process, but it helps me learn.<\/p>\n<p><strong>I used to be more conservative in my forecasts but now I\u2019m more confident in identifying possible catalysts and upsides.<\/strong> Still, it\u2019s important to keep things in proportion and I avoid hyping a stock up if I don\u2019t think that it deserves so much attention. There has to be an actionable framework currently being implemented to confidently be bullish about an investment.<\/p>\n<p><strong>The last great thing I watched was <\/strong><strong><a href=\"https:\/\/www.netflix.com\/title\/80234304\">The Queen\u2019s Gambit<\/a><\/strong><strong>. <\/strong>I actually just finished it last weekend [laughs]. I like to watch shows that have a personality that is so invested in something specific, like Stephen Hawkings in <a href=\"https:\/\/www.imdb.com\/title\/tt2980516\/\">The Theory of Everything<\/a>. I try to figure out where they get their inspiration from: Reading a lot? Marveling at the unknown? Following a mentor?<\/p>\n<p><strong>I\u2019m currently reading <\/strong><strong><a href=\"https:\/\/www.goodreads.com\/book\/show\/27191691-the-only-game-in-town\">The Only Game in Town<\/a><\/strong><strong> by Mohamed El Erian.<\/strong> He talks about central banks and their role during times of crisis during the financial crisis. He also discusses how their role should be shaped going forward and the policy changes needed to ensure a sustainable financial system. Next on my shelf is definitely <a href=\"https:\/\/www.goodreads.com\/book\/show\/45897523-blowout\">Blowout<\/a> by Rachel Maddow where she talks about the dark side of the oil and gas industry and all the politics involved.<\/p>\n<p><strong>In my downtime, I like to spend time with my dog Jazz. <\/strong>He\u2019s everything to me and any time I have, I try to allocate it to him. Otherwise, I like to watch movies or practice the guitar. I\u2019m obsessed with jazz music (hence my dog\u2019s name) and I enjoy listening to it whenever I can. I also like going for a cruise with my fiance or just spending time with him in general.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MARKET NEWS-<\/strong><\/p>\n<p><strong>Orascom Construction is paying out 2021 dividends to its shareholders of EGP 3.65 per <\/strong><strong>share<\/strong>, the company said in an <a href=\"https:\/\/ent.news\/2022\/1\/Orascom-Dividents.pdf\">EGX disclosure (pdf)<\/a>.<\/p>\n<p><strong>The International Company for Medical Industries (ICMA) has listed new shares on the EGX <\/strong>as part of the company\u2019s EGP 33.48 mn capital increase, the company said in a <a href=\"https:\/\/ent.news\/2022\/1\/ICMI-EGX-statement.pdf\">bourse filing (pdf)<\/a>.<\/p>\n<p><strong>MARKET ROUNDUP- <\/strong><\/p>\n<p><strong>The EGX30 fell 0.2% at today\u2019s close<\/strong> on turnover of EGP 986 mn (19.3% below the 90-day average). Foreign investors were net sellers. The index is up 0.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>MM Group (+3.1%), TMG Holding (+1.1%) and Abu Qir Fertilizers (+1.1%).<\/p>\n<p><strong>In the red: <\/strong>Speed Medical (-3.1%), GB Auto (-2.8%) and Mopco (-2.4%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/analyst-of-the-week\/\">analyst of the week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543145\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/11\/543145\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543145\" class=\"content-area-description single-story post-543145 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>1Q2022: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cd1fc44-1593-4317-8658-0aa792215521\">Launch of the Egyptian Commodities Exchange<\/a>.<\/p>\n<p>1Q2022: Swvl acquisition of Viapool expected to close.<\/p>\n<p>1Q2022: Waste collection startup Bekia plans to expand to the UAE and Saudi Arabia.<\/p>\n<p>Early 2022: Results <a href=\"https:\/\/www.elwatannews.com\/news\/details\/5876314\">to be announced<\/a> for the second round of the state\u2019s gold and precious metals auction.<\/p>\n<p>1H2022: Target date for IDH to close its acquisition of 50% of Islamabad Diagnostic Center.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1H2022: The government will respond to private companies\u2019 bids to build desalination plants.<\/p>\n<p>January: Sovereign Sukuk Act executive regulations expected to be finalized.<\/p>\n<p>January: Tenth of Ramadan dry port tender to be launched.<\/p>\n<p>January: Three-month trial period of ACI for air freight to begin.<\/p>\n<p>1-15 January (Saturday-Saturday): Qualified Industrial Zones (<a href=\"https:\/\/www.trade.gov\/qualifying-industrial-zones\">QIZ<\/a>) Joint Committee.<\/p>\n<p>9 January - 6 February (Sunday-Sunday): 2021 Africa Cup of Nations, Cameroon.<\/p>\n<p>9-12 January: <a href=\"https:\/\/www.plastex-online.com\/\">Plastex<\/a>, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>10-13 January (Monday-Thursday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a>, Sharm El Sheikh.<\/p>\n<p>Second half of January: Egypt <a href=\"https:\/\/alborsaanews.com\/2021\/11\/23\/1483989\">will host<\/a> the Egyptian-Bahraini Joint Committee.<\/p>\n<p>Second half of January: <a href=\"https:\/\/alborsaanews.com\/2021\/12\/20\/1492507\">Regulations<\/a> for installing EV charging stations will be published.<\/p>\n<p>16 January (Sunday): SODIC shareholders <a href=\"https:\/\/www.egx.com.eg\/ar\/BulletinNews.aspx?BCODE=272510&All=\">will vote<\/a> on the company\u2019s new board of directors at an extraordinary general meeting.<\/p>\n<p>17-19 January (Monday-Wednesday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/en-gb.html\">World Future Energy Summit<\/a>, Abu Dhabi.<\/p>\n<p>19 January (Wednesday): EgyptAir will operate an <a href=\"https:\/\/www.facebook.com\/559252464269841\/photos\/a.672120829649670\/1787559448105797\/?type=3&theater\">exceptional Casablanca-Cairo flight<\/a> to bring home Egyptians expats stranded in Morocco following border closures.<\/p>\n<p>20 January (Thursday): Kadmar Shipping\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01ff5c98-c2b7-42a3-9c0f-7e33f4c9e638\">new line<\/a> transporting agricultural crops between Alexandria and Russia begins its operations.<\/p>\n<p>20-21 January (Thursday-Friday): South Korean President Moon Jae-in <a href=\"https:\/\/bit.ly\/3f4YtFS\">will visit Egypt<\/a> as part of his diplomatic tour of the region.<\/p>\n<p>23 January (Sunday): Deadline for Macro Pharma to IPO on the EGX.<\/p>\n<p>25 January (Tuesday): The IMF will release its World Economic Outlook.<\/p>\n<p>25 January (Tuesday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>25-26 January (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>27 January (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>End of January: The Egyptian-Romanian business forum will take place with the aim of strengthening joint investment relations.<\/p>\n<p>January-February 2022: Construction work on the Abu Qir metro upgrade <a href=\"https:\/\/www.youtube.com\/watch?v=vXBilirlgw0\">will begin<\/a>.<\/p>\n<p>February: Hassan Allam Construction\u2019s <a href=\"https:\/\/alborsaanews.com\/2021\/12\/07\/1488592\">new construction firm<\/a> established with Russia\u2019s Titan-2 to handle construction work on the Dabaa nuclear power plant begins its operations.<\/p>\n<p>February: Ghazl El Mahalla shares will begin trading on the EGX this month.<\/p>\n<p>February: Suez canal transit fees <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/36bf88d1-efc3-4194-aa9a-23a4defc0035\">set to increase 6%<\/a>, exempting cruise ships and LNG carriers.<\/p>\n<p>Mid-February: End of grace period to comply with new minimum wage for firms who sent in exemption requests.<\/p>\n<p>3 February (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>3 February (Thursday): January PMI figures for Egypt, Saudi Arabia, and the UAE will be released.<\/p>\n<p>4-20 February (Friday-Sunday): 2022 Winter Olympics, Beijing.<\/p>\n<p>11 February (Friday): <a href=\"https:\/\/finance.yahoo.com\/news\/vistas-media-acquisition-company-inc-203000610.html\">Deadline for Anghami SPAC merger<\/a>.<\/p>\n<p>11-13 February (Friday-Sunday) FIBA Intercontinental Cup, Cairo.<\/p>\n<p>14-16 February (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>15 February (Tuesday): The Industrial Development Authority\u2019s deadline for <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">receiving offers<\/a> from companies for licenses to manufacture steel products.<\/p>\n<p>15 February (Tuesday): Orange Ventures\u2019 <a href=\"https:\/\/vc4a.com\/orange-ventures\/egypt-seed-fintech-challenge\/\">deadline<\/a> to receive applications from seed-stage fintech startups.<\/p>\n<p>19 February (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>End of February: Lebanon to receive gas from Egypt via a pipeline crossing Jordan and Syria.<\/p>\n<p>March: <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/304519788385115\">Rollout<\/a> of the government financial management information system (GFMIS), a suite of electronic tools to automate the government\u2019s financial management processes (<a href=\"https:\/\/ent.news\/2021\/7\/tnm1007.pdf\">pdf<\/a>) that will replace the existing \u201cclosed\u201d financial management system.<\/p>\n<p>March: 4Q2021 earnings season.<\/p>\n<p>March: Deadline for the World Health Organization\u2019s <a href=\"https:\/\/www.who.int\/news\/item\/01-12-2021-world-health-assembly-agrees-to-launch-process-to-develop-historic-global-accord-on-pandemic-prevention-preparedness-and-response\">intergovernmental negotiating body<\/a> to meet to discuss binding treaty on future pandemic cooperation.<\/p>\n<p>March: World Cup playoffs.<\/p>\n<p>March: Target date for Saudi tech firm Brmaja to IPO on the EGX.<\/p>\n<p>9-18 March (Wednesday-Friday): The 55th edition of the <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/291436426360972\">Cairo International Fair<\/a>.<\/p>\n<p>15-16 March (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>24 March (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>28-29 March (Monday-Tuesday): The Egypt International Mining Show (<a href=\"https:\/\/egypt-mining.com\/\">EIMS 2022<\/a>) will take place virtually.<\/p>\n<p>31 March (Thursday): Deadline for submitting tax returns for individual taxpayers.<\/p>\n<p>31 March (Thursday): Supply Ministry expected to take final decision on bread subsidies by this date.<\/p>\n<p>2 April (Saturday): First day of Ramadan (TBC).<\/p>\n<p>3 April (Sunday): Bidding begins on the Industrial Development Authority\u2019s license to manufacture tobacco products.<\/p>\n<p>4 April (Monday): CDC Group will formally change its name to British International Investment.<\/p>\n<p>22-24 April (Friday-Sunday): <a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>24 April (Sunday): Coptic Easter Sunday (holiday for Coptic Christians).<\/p>\n<p>25 April (Monday): Sham El Nessim.<\/p>\n<p>25 April (Monday): Sinai Liberation Day.<\/p>\n<p>28 April (Thursday): National Holiday in observance of Sham El Nessim.<\/p>\n<p>30 April (Saturday): Deadline for submitting corporate tax returns for companies whose financial year ends 31 December.<\/p>\n<p>Late April - 15 May: 1Q2022 earnings season<\/p>\n<p>May: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>1 May (Sunday): Labor Day.<\/p>\n<p>3-4 May (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>5 May (Thursday): National Holiday in observance of Labor Day.<\/p>\n<p>2 May (Monday): Eid El Fitr (TBC).<\/p>\n<p>19 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>14-15 June (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15-18 June (Wednesday-Saturday): <a href=\"https:\/\/forumspb.com\/en\/\">St. Petersburg International Economic Forum<\/a> (SPIEF), St. Petersburg.<\/p>\n<p>16 June (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>23 June (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>27 June-3 July (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>End of 2Q2022: The Financial Regulatory Authority\u2019s new Ins. Act should be approved.<\/p>\n<p>End of 1H2022: Emirati industrial company M Glory Holding and the Military Production Ministry will begin the mass production of dual fuel pickup trucks that can run on natural gas.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>July: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>1 July (Friday): FY 2022-2023 begins.<\/p>\n<p>8 July (Friday): Arafat Day.<\/p>\n<p>9-13 July (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>26-27 July (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>30 July (Saturday): Islamic New Year.<\/p>\n<p>Late July - 14 August: 2Q2022 earnings season.<\/p>\n<p>18 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>September: Egypt will display its first naval exhibition with the title <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>.<\/p>\n<p>20-21 September (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>22 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday, national holiday.<\/p>\n<p>18-20 October(Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>Late October - 14 November: 3Q2022 earnings season.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>3 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish above between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":543136,"template":"","categories":[],"tags":[],"class_list":["post-543135","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3f12fd58-9a7b-4abc-96c2-68ef17d980c4","teaser":"","photo_url":"https:\/\/ent.news\/2022\/1\/423.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt is up tonight in Afcon - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/egypt-is-up-tonight-in-afcon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt is up tonight in Afcon\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/egypt-is-up-tonight-in-afcon\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T20:09:25+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/423.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/egypt-is-up-tonight-in-afcon\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/egypt-is-up-tonight-in-afcon\/\",\"name\":\"Egypt is up tonight in Afcon - 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