{"id":543993,"date":"2022-02-01T13:59:40","date_gmt":"2022-02-01T13:59:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=543993"},"modified":"2025-12-15T20:29:47","modified_gmt":"2025-12-15T20:29:47","slug":"hump-day-news-dump-day","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/hump-day-news-dump-day\/","title":{"rendered":"Hump day &ne; news dump day"},"content":{"rendered":"<section id=\"543995\" 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=\"543995\">\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\/02\/01\/this-evening-east-port-said-to-get-usd-3-bn-green-hydrogen-hub-affirma-capital-and-stonepine-buy-stake-in-egyptian-pharma-player\/\">\r\n                            THIS EVENING: East Port Said to get USD 3 bn green hydrogen hub + Affirma Capital and StonePine buy stake in Egyptian pharma player                        <\/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\/02\/01\/this-evening-east-port-said-to-get-usd-3-bn-green-hydrogen-hub-affirma-capital-and-stonepine-buy-stake-in-egyptian-pharma-player\/\" 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\/02\/01\/this-evening-east-port-said-to-get-usd-3-bn-green-hydrogen-hub-affirma-capital-and-stonepine-buy-stake-in-egyptian-pharma-player\/')\">\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\/02\/01\/this-evening-east-port-said-to-get-usd-3-bn-green-hydrogen-hub-affirma-capital-and-stonepine-buy-stake-in-egyptian-pharma-player\/\">\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: East Port Said to get USD 3 bn green hydrogen hub + Affirma Capital and StonePine buy stake in Egyptian pharma player&url=https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/this-evening-east-port-said-to-get-usd-3-bn-green-hydrogen-hub-affirma-capital-and-stonepine-buy-stake-in-egyptian-pharma-player\/\">\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\/02\/01\/this-evening-east-port-said-to-get-usd-3-bn-green-hydrogen-hub-affirma-capital-and-stonepine-buy-stake-in-egyptian-pharma-player\/&title=THIS EVENING: East Port Said to get USD 3 bn green hydrogen hub + Affirma Capital and StonePine buy stake in Egyptian pharma player\">\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+East+Port+Said+to+get+USD+3+bn+green+hydrogen+hub+%2B+Affirma+Capital+and+StonePine+buy+stake+in+Egyptian+pharma+player+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F02%2F01%2Fthis-evening-east-port-said-to-get-usd-3-bn-green-hydrogen-hub-affirma-capital-and-stonepine-buy-stake-in-egyptian-pharma-player%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\/02\/01\/this-evening-east-port-said-to-get-usd-3-bn-green-hydrogen-hub-affirma-capital-and-stonepine-buy-stake-in-egyptian-pharma-player\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-543995\" class=\"content-area-description single-story post-543995 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-affirma-capital tag-east-port-said tag-enterprisepm tag-green-economy tag-h2-industries tag-investment-watch tag-ma-watch tag-nobel-prize tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, wonderful people. <\/strong>It\u2019s not quite a news dump day \u2014 as hump days tend to be \u2014 but it\u2019s not what we would describe as a quiet day, either.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><strong>#1- East Port Said is getting a USD 3 bn green hydrogen hub: <\/strong>The Suez Canal Economic Zone has given <a href=\"https:\/\/h2-industries.com\/en\/\">H2 Industries<\/a>, a German-based energy storage company, preliminary approval to develop a USD 3 bn waste-to-hydrogen plant in East Port Said, executive chairman Michael Stusch told <a href=\"https:\/\/www.thenationalnews.com\/business\/road-to-net-zero\/2022\/02\/01\/egypt-approves-h2-industries-3bn-waste-to-hydrogen-plant\/\">the National<\/a>. The plant will consume 4 mn tonnes of waste a year, between organic waste and non-recyclable plastic and in return will produce 300k tonnes of green hydrogen annually.<\/p>\n<p><strong>#2- Affirma Capital and StonePine are now minority owners of Nerhadou: <\/strong>Emerging markets private equity firm <a href=\"https:\/\/affirmacapital.com\/\">Affirma Capital<\/a> and <a href=\"https:\/\/www.stonepine-capital.com\/\">StonePine<\/a> have purchased a \u201csignificant minority\u201d stake in Egyptian pharma player <a href=\"http:\/\/nerhadou.com\/\">Nerhadou International<\/a> in a USD 20 mn transaction, according to a <a href=\"https:\/\/ent.news\/2022\/2\/01-02-2022-Nerhadou-International-Press-Release-FINAL-English.pdf\">press release (pdf)<\/a>. The transaction is still subject to regulatory approvals, as well as meeting \u201ccertain conditions agreed between the parties.\u201d<\/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<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Egypt will sell USD 5 bn in foreign currency bonds in <\/strong><strong>FY2022-2023<\/strong>, in what will be our first bond issuance in international debt markets <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3bac1988-3ad3-472c-94b4-3f1bc54bb126\">since September<\/a>, Vice Minister of Finance Ahmed Kouchouk <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b27d495-abb6-48a9-8592-71684cf88cf7\">said yesterday<\/a>.<\/li>\n<li><strong>Ezdehar reaches USD 168 mn first close of EMF II fund: <\/strong>Private equity firm Ezdehar Management has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bffc39f-bc9a-4e00-b8fd-4a9518190a05\">reached the first close<\/a> of its Mid-Cap Fund II (EMF II), overshooting its USD 100-120 mn target to book commitments totalling USD 168 mn.<\/li>\n<li><strong>Qalaa Holdings\u2019 Taqa Arabia is looking to make its EGX debut next year<\/strong>, depending on market conditions, CEO <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8aec467e-e6f0-4991-8ef6-74b466f4e8ac\">Pakinam Kafafi said<\/a>. The offering would be a revival of Taqa\u2019s initial plans to IPO <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70d5ed14-509a-4f44-a084-c72a5e41346a\">back in 2020<\/a>, which covid derailed.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>HAPPENING NOW-<\/strong> The House Local Administration Committee is looking into the effects that implementing the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f2fa1641-48dc-4615-8302-e5ae1fab6df6\">law regulating<\/a> parking attendants (sayess) has had on improving traffic flow and creating revenue streams for state coffers.<\/p>\n<p><strong>THE BIG STORY ABROAD- Everybody\u2019s gaze is fixed firmly on Ukraine, where a slew of<\/strong><strong> foreign leaders are scheduled to arrive<\/strong> over the next several days in a show of support for Kiev in the face of what increasingly appears to be an imminent invasion from Russia. UK Prime Minister Boris Johnson, Turkish President Recep Tayyip Erdogan, and the foreign ministers of Germany and France are among those flying to the Ukrainian capital in the \u201cflurry of diplomatic activity\u201d in a bid to reach a detente, the <a href=\"https:\/\/www.wsj.com\/articles\/nato-leaders-stream-to-ukraine-showing-support-as-russia-masses-troops-11643657492?mod=hp_lead_pos4\">Wall Street Journal<\/a> reports. Meanwhile, Ukrainian President Volodymyr Zelenskiy signed off on a decree earlier today to bolster the country\u2019s military over the next three years, according to <a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-announces-plan-boost-army-foreign-leaders-rally-2022-02-01\/\">Reuters<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>First look at this year\u2019s Nobel Peace Prize nominees: <\/strong>A few names have been thrown in the hat for the Nobel Peace Prize this year from Norwegian lawmakers \u2014 whose nominees often end up being laureates, according to <a href=\"https:\/\/www.reuters.com\/world\/attenborough-who-tsikhanouskaya-among-nominees-nobel-peace-prize-2022-02-01\/\">Reuters<\/a>. British nature broadcaster David Attenborough and Greta Thunburg are nominated for their contributions to environmental movements while the World Health Organization is getting a nod for its work during the pandemic. On the political front, nominees include: Jailed Russian dissident Alexei Navalny and the Myanmar National Unity Government formed by opponents of last year's coup, among others. Other nominations include Pope Francis, the International Criminal Court in the Hague, WikiLeaks and whistleblower Chelsea Manning, NATO, aid organization CARE, and the Arctic Council. <strong>The 2021 Laureate will be announced in October. <\/strong><\/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>FOR TOMORROW-<\/strong> <strong>OPEC+ <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-26\/opec-delegates-expect-to-stick-to-plan-for-modest-output-hike?srnd=premium-middle-east&sref=mmeFTDW1\">will meet<\/a><\/strong><strong> tomorrow, when the cartel is expected to agree to<\/strong><strong> another gradual oil production increase<\/strong> of 400k barrels per day \u2014 continuing a strategy that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c85b753-c915-4809-a035-491b881b9076\">has so far failed<\/a> to meet the recovery in demand as several member countries struggle to up their output.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Key news triggers to keep your eye on:<\/strong><\/p>\n<ul>\n<li><strong>Interest rates: <\/strong>The Central Bank of Egypt will hold its first policy meeting of 2022 on Thursday. All analysts surveyed in our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4f0876c-b382-42d3-897f-9972a2721bed\">regular interest rate poll<\/a> expect the CBE to keep rates on hold, as they anticipate our rates continuing to attract portfolio inflows even amid Fed tightening and global inflationary pressures.<\/li>\n<li><strong>PMI: <\/strong>January PMI figures for Egypt, Saudi Arabia, and the UAE are also <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/ReleaseDates\">due out on Thursday<\/a>.<\/li>\n<li><strong>Foreign reserves<\/strong> figures for January should be out from the Central Bank of Egypt before the week is out.<\/li>\n<li><strong>Inflation:<\/strong> Inflation figures for January will be released next Thursday, 10 February.<\/li>\n<\/ul>\n<p><strong>From our friends at the US embassy: Women can now apply to join <\/strong><strong><a href=\"https:\/\/eg.usembassy.gov\/education-culture\/exchange-opportunities\/\">Fortune Global<\/a><\/strong><strong><a href=\"https:\/\/eg.usembassy.gov\/education-culture\/exchange-opportunities\/\"><\/a><\/strong><strong><a href=\"https:\/\/eg.usembassy.gov\/education-culture\/exchange-opportunities\/\">Women's Mentoring Program<\/a><\/strong> which will take place from 8-28 May 2022. The program aims to bring emerging women leaders from around the world to the US to meet and learn from the Fortune Most Powerful Women community, which includes executive women mentors from companies such as Accenture, Johnson & Johnson, and Aetna. The deadline to apply for the program is 8 February. <strong>You can begin your application by <\/strong><strong><a href=\"https:\/\/usembassycairo.submittable.com\/submit\/1048ec7c-7e08-4d86-b814-f54772c6910b\/2022-fortune-global-womens-mentoring-program-deadline-tuesday-february-8-at\">signing up here<\/a><\/strong><strong>.<\/strong><\/p>\n<p><strong>ALSO- The embassy is now <\/strong><strong><a href=\"https:\/\/eg.usembassy.gov\/cultural-property-agreement-implementation-grant\/\">accepting applications<\/a><\/strong><strong> for Cultural Property Agreement<\/strong><strong> Implementation projects<\/strong> that would help Egypt protect cultural property from looting, theft, and illicit trafficking. The <a href=\"https:\/\/eg.usembassy.gov\/wp-content\/uploads\/sites\/156\/CPAIG-2022-Announcment-RDL-edits.pdf\">guidelines<\/a> state that concept notes should be sent in by this Thursday, 3 February, while shortlisted applicants will need to submit full applications by 4 May. Each project will receive USD 50-100k, with around USD 500k earmarked for the entire program.<\/p>\n<p><strong>The Cairo International Book Fair continues today<\/strong> at the Egypt International Exhibition Center. The event runs through to next Monday, 7 February.<\/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<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 20\u00b0C and a nighttime low of 10\u00b0C tomorrow, our favorite weather app tells us.<\/p>\n\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\/affirma-capital\/\">Affirma Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/east-port-said\/\">East Port Said<\/a>\n                <!-- 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               <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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"543996\" 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 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class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-t4o96kj\" data-v=\"4\" data-block-id=\"t4o96kj\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-t4o96kj-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-t4o96kj-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n  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class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Omicron is slowing down the resolution of the global supply chain crunch<\/strong>, which World Trade Organization head Ngozi Okonjo-Iweala still sees as temporary, despite the anticipated recovery taking longer than expected, according to <a href=\"https:\/\/www.ft.com\/content\/4938ca14-1039-4a0c-8734-2deef8070ac4\">the Financial Times<\/a>. The new variant has halted some production and transport in China, and impacted global travel, Okonjo-Iweala said. The path to recovery will resume this year as global demand for goods will be hit by inflation and the widespread easing of pandemic-driven fiscal support, while shipping companies are investing more in supply capacity, she says.<\/p>\n<p><strong>Higher costs may squeeze developing economies:<\/strong> Countries with smaller volumes of trade are at risk of being cut out of long supply chains if transport costs remain high, Okonjo-Iweala says, noting that some structural issues in global supply chains may also persist. The WTO will hold a summit in March bringing together shipping, logistics and trading companies, ministers and trade experts at a meeting in March to discuss how to ease persistent blockages, she adds.<\/p>\n<p><strong>Egypt has felt the supply chain crunch acutely<\/strong>, as the hit to goods has ranged from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4edc27b6-3c6b-4a89-b0fb-cda02ae7c2c6\">microchip shortages<\/a> weighing on our automotive industry, to soaring wheat prices <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7df07a3a-c42e-40ca-82e7-d872f0fa654f\">delivering steep import bills<\/a>, to cost crunches <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bb36234-3209-4f1f-96f5-338a03610456\">hitting our renewables<\/a>.<\/p>\n<p><strong>But inflation remains under control<\/strong>, with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4f0876c-b382-42d3-897f-9972a2721bed\">analysts and economists expecting<\/a> it to remain within the Central Bank of Egypt\u2019s 7% (+\/- 2%) target range, even as it is anticipated to accelerate over the next few months as rising oil and food prices filter through to the local economy.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Against a backdrop of lockdowns, and a diplomatic boycott,<\/strong><strong> Beijing\u2019s Winter Olympics will kick off this Friday.<\/strong> With an opening ceremony at Beijing\u2019s National Stadium, the games begin as covid infection rates in China continue to surge, while at least eight countries \u2014 including the US, UK, Australia, and Canada \u2014 are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/910a2a4b-67c8-4e03-94fb-4efae5c1c145\">boycotting<\/a> the games over accusations of abuses in China\u2019s Xinjiang region and tennis star <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d218b6db-0682-4da4-aee7-667446c01e53\">Peng Shuai\u2019s<\/a> alleged disappearance. Other countries have opted to have their diplomats sit out the Olympics because of covid.<\/p>\n<p><strong>The games will coincide with Chinese New Year<\/strong>, which begins today, and will run through February 20, followed by the Paralympic Games, which will run from March 4 to March 13.<\/p>\n<p><strong>The games will feature 109 events in seven winter sports<\/strong>, including the biathlon, bobsledding, curling, ice hockey, luge, skating, and skiing. It will also feature seven new winter Olympic events.<\/p>\n<p><strong>The opening and closing ceremonies will be held in central Beijing<\/strong>. Beijing is also set to host all Alpine skiing and sliding events, while skiing destination Zhangjiakou\u2019s Chongli district will play host to the rest of the snow events.<\/p>\n\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\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diem-association\/\">Diem Association<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/facebook\/\">Facebook<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gaming\/\">gaming<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/meta\/\">meta<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/microsoft\/\">microsoft<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ngozi-okonjo-iweala\/\">Ngozi Okonjo-Iweala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/silvergate-capital\/\">Silvergate Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sony\/\">Sony<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-chain\/\">supply chain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-trade-organization\/\">World Trade Organization<\/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=\"543999\" 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=\"543999\">\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\/02\/01\/ronaldos-gf-and-neymar-get-netflix-tv-shows-first-round-of-egyptian-league-cup-wraps-up-today-get-breakfast-at-cult\/\">\r\n                            Ronaldo\u2019s gf and Neymar get Netflix TV shows + First round of Egyptian League Cup wraps up today + Get breakfast at Cult                        <\/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\/02\/01\/ronaldos-gf-and-neymar-get-netflix-tv-shows-first-round-of-egyptian-league-cup-wraps-up-today-get-breakfast-at-cult\/\" 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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The docuseries looks at Neymar, who is often in the limelight for his flamboyant clothing and bad boy attitude (and the always-interesting hairstyles, of course), through interviews with him and his teammates to delve into his personality off the pitch. Meanwhile, <a href=\"https:\/\/www.netflix.com\/title\/81423622\">I Am Georgina<\/a> takes a different approach, following Georgina Rodriguez \u2014 the girlfriend of legendary footballer Christiano Ronaldo. The six-part series takes on a reality TV show vibe, displaying her luxurious life, mansions and jets included. Rodriguez herself is a model and influencer and the show captures her lifestyle, traveling, shopping, family and some guest appearances from Ronaldo to show off their relationship.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> \u26bd <strong>Today marks the end of the first round of the Egyptian League Cup<\/strong> and we will soon know the four teams that qualify for the semifinals. There are three matches in the third group, all of which start at 5pm: El Zamalek meets Al Gaish in a match whose outcome does not matter to both teams, who are too far from the top to qualify. Ghazl El Mahalla, the leader of the group, meets Ceramica Cleopatra, while Pharco and Enppi (who shares the lead, but with fewer goals) also go head to head.<\/p>\n<p><strong>There\u2019s a lot of competition from the three groups to snag the fourth qualifying spot: <\/strong>The way the league works is the first team in each group qualifies directly to the semi-finals, along with the club with the most points after the top three. For Ghazl El Mahalla and Enppi, the victory of one of the teams and a tie or defeat of the other qualifies the team directly to this fourth spot, while the victory of the two teams could still qualify one of them for the next round. This would come at the expense of Al Ittihad who are awaiting today\u2019s results after beating Future yesterday and raising their score to 11 points (the highest scoring team so far). A \u2018W\u2019 from Ghazl El Mahalla or Enppi \u2014 with 8 points each \u2014 will raise their score to 11 points as well.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Sheikh Zayed residents, we found your next favorite breakfast spot<\/strong><strong>: <\/strong><a href=\"https:\/\/www.instagram.com\/cultegypt\/?utm_medium=copy_link\">Cult<\/a> is a haven for bagel lovers, serving sweet and savory bagels with a myriad of spreads. Their savory bagel offerings include plain, cheese, and jalapeno and cheese, while their cinnamon sugar bagel is a bestseller. You can stick to the classic cream cheese spread, or you could go for turkey or salmon with arugula and vegetables. Cult also has sandwiches such as tuna salad, caprese, and roast beef with blue cheese. You can also get an a\u00e7ai bowl or build your own stack of pancakes for a sweet and delicious breakfast. Finally, as all breakfast places must, Cult has a ton of drinks from coffee to matcha and hot chocolate.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>Egyptian Project <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/egyptian-project\/282908933832862\/\">is taking the stage<\/a><\/strong><strong> tomorrow at Cairo Jazz Club 610<\/strong>, playing their mystical folk tunes at 9pm.<\/p>\n<p><strong>Mahraganat <\/strong><strong>singer 3enaba <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/%D8%B9%D9%86%D8%A8%D8%A9-%D9%81%D9%8A-%D9%85%D8%B3%D8%B1%D8%AD-%D8%A7%D9%84%D8%B2%D9%85%D8%A7%D9%84%D9%83\/268068555427930\/\">is performing<\/a><\/strong><strong> tomorrow at 7pm at Zamalek Theater. <\/strong><\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>How to use scenario planning to make important business decisions: <\/strong><a href=\"https:\/\/www.amazon.com\/Using-Scenarios-Scenario-Improving-Organizations-ebook\/dp\/B09DFD8PCD\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">Using Scenarios:<\/a><a href=\"https:\/\/www.amazon.com\/Using-Scenarios-Scenario-Improving-Organizations-ebook\/dp\/B09DFD8PCD\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">Scenario Planning for Improving Organizations<\/a> by Thomas Chermack looks at how execs can implement scenario planning \u2014 which he argues can be used in everything from strategic planning and financial modeling to crisis response \u2014 in their own businesses. Chermack goes beyond theory and uses solid examples and guidelines to map out how scenario planning can be used to adjust strategies and action plans across different industries. This kind of managerial thinking will help businesses react quickly, anticipate major changes, and identify potential growth, he argues.<\/p>\n\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=\"544001\" 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=\"544001\">\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\/02\/01\/meet-our-analyst-of-the-week-ci-capitals-salma-gemiei\/\">\r\n                            Meet our analyst of the week: CI Capital\u2019s Salma Gemiei                        <\/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\/02\/01\/meet-our-analyst-of-the-week-ci-capitals-salma-gemiei\/\" 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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After I graduated I realized that I didn\u2019t want to go into the ins. field \u2014 which is the path most actuarial graduates follow \u2014 so I tried out investment banking instead during an internship. I really found myself in that line of work and I began my career at Beltone as an analyst and then a senior analyst before moving to my current position at CI Capital.<\/p>\n<p><strong>The best part of my job is that it\u2019s dynamic. <\/strong>You do something different every week, even if you\u2019re working on the same sector. There are so many different aspects you look at, from the company\u2019s business operations and legalities all the way to how you would IPO or sell it. It really encompasses so many different things that you might not have gotten access to otherwise.<\/p>\n<p><strong>The worst part of my job is the long hours and stress.<\/strong> Long hours really do go hand in hand with investment banking [laughs]. It's also very fast-paced in the sense that a lot of requests are short notice and you just have to crank it out. However, I guess that\u2019s part of what makes the job dynamic and fun in the first place.<\/p>\n<p><strong>I think non-banking financial services and healthcare are going to be attractive sectors this year. <\/strong>In general, there\u2019s a lot of interest in NBFS, whether it\u2019s in fintech, leasing, or microfinance. Meanwhile, in healthcare we\u2019re still seeing a gap between supply and demand in the market. Seeing this, I think there\u2019s a lot more room for these sectors to grow in 2022.<\/p>\n<p><strong>Covid has made us assess sectors differently.<\/strong> It differs from sector to sector, but there are factors and scenarios that we wouldn\u2019t have posed before the pandemic. For example, while healthcare has always been defensive, covid actually had a negative impact on the sector at the beginning of the pandemic as the volume of visitors decreased, but it has since rebounded of course. The same happened with the education sector where we had to look at how the spread would impact teacher and student attendance or force teaching to go online.<\/p>\n<p><strong>My theory of investment is that there has to be a balanced risk appetite.<\/strong> The saying is true, \u201cthe greater the risk, the greater the reward,\u201d but you also have to be comfortable with your investment. That comes by understanding the company and its fundamentals really well and making sure that your investment is well-founded.<\/p>\n<p><strong>The most important factor I look at before deciding on an investment is the management. <\/strong>Management really drives everything in the end. The business plan is only as good as the management that is able to implement it. We also pay a lot of attention to the internal rate of returns.<\/p>\n<p><strong>I\u2019m hopeful about the EGX\u2019s performance this year given the IPO and equity capital market momentum generated in 2021 <\/strong>and the strong market demand the offerings CI Capital worked on generated despite less-than-favorable market conditions. This, coupled with the fact that the market has yet to price in the resilient earning performance of Egyptian companies and the current low trading valuations, are supporting a possible EGX recovery in 2022.<\/p>\n<p><strong>I think the introduction of SPACs and the new bonds will be positive for the financial markets. <\/strong>The market is looking for more activity and liquidity and these new rollouts can generate excitement around the EGX. From a marketing standpoint, having the inclusion of more innovative products could also attract more funds to the bourse.<\/p>\n<p><strong>The last great thing I watched is <\/strong><strong><a href=\"https:\/\/www.imdb.com\/title\/tt0250494\/\">Legally Blonde<\/a><\/strong><strong>. I feel it depicts a woman successfully overcoming being in a male-dominated industry. <\/strong>That is something I\u2019ve personally dealt with during my professional career. There are more women in the financial industry now and CI Capital has a lot of women in top management positions, which is something I really like about the firm. However, we still go to a lot of meetings with companies from different sectors and often you can be the only woman in the room.<\/p>\n<p><strong>I\u2019m currently reading <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Billion-Dollar-Whale-Fooled-Hollywood\/dp\/031643650X\">Bn USD Whale<\/a><\/strong><strong>. <\/strong>It talks about a man who managed to steal bns from an investment fund over the span of years without regulatory bodies taking notice. It\u2019s really good so far.<\/p>\n<p><strong>During my downtime, I like to destress [laughs].<\/strong> I usually go out with family or friends and just try to immerse myself in something that isn\u2019t work-related.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 rose 1.0% at today\u2019s close<\/strong> on turnover of EGP 782 mn (28.4% below the 90-day average). Local investors were net buyers. The index is down 2.9% YTD.<\/p>\n<p><strong>In the green: <\/strong>Orascom Development Egypt (+5.8%), Qalaa Holdings (+5.2%) and Palm Hills Development (+3.6%).<\/p>\n<p><strong>In the red: <\/strong>CIRA (-2.9%), TMG Holding (-2.0%) and Egypt Kuwait Holding-EGP (-1.2%).<\/p>\n\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\/ci-capital\/\">CI Capital<\/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=\"544003\" 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\/02\/01\/544003\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-544003\" class=\"content-area-description single-story post-544003 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>1Q2022: Rameda Pharma will begin selling its generic version of Merck\u2019s oral antiviral covid-19 med.<\/p>\n<p>1Q2022: Pharos Energy\u2019s sale of 55% stake in El Fayum, Beni Suef concessions to IPR Energy Group subsidiary IPR Lake Qarun expected to close.<\/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: 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>1H2022: Egypt\u2019s second corporate green bond issuance expected to be announced.<\/p>\n<p>9 January - 6 February (Sunday-Sunday): 2021 Africa Cup of Nations, Cameroon.<\/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>25 January - 1 February (Tuesday-Tuesday): EGX <a href=\"https:\/\/alborsaanews.com\/2022\/01\/23\/1501763\">will open over the counter transactions<\/a> for the National Bank of Kuwait.<\/p>\n<p>27 January-7 February (Thursday-Monday): Cairo International Book Fair, Egypt International Exhibition Center.<\/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>Mid-February: A Hungarian delegation will arrive in Egypt for talks over a potential investment in an industrial area in the SCZone.<\/p>\n<p>2 February (Wednesday): OPEC+ will meet to decide on another 400k oil production increase a day for March.<\/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>3 February (Thursday): Deadline to send in concept notes for Cultural Property Agreement Implementation projects to the <a href=\"https:\/\/eg.usembassy.gov\/wp-content\/uploads\/sites\/156\/CPAIG-2022-Announcment-RDL-edits.pdf\">US Embassy in Cairo<\/a>.<\/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>14-19 February (Monday- Saturday): An <a href=\"https:\/\/ent.news\/2022\/1\/Dream-Art-Exhibition-First-Press-release-English-final-ML-1.pdf\">art exhibition<\/a> created by marginalized children will be held at Townhouse Gallery. The event is organized by the Sawiris Foundation for Social Development, AlexBank, Townhouse Gallery, Al Ismaelia for Real Estate Investment, and Ubuntu Art Gallery.<\/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>19-21 February (Saturday-Monday): <a href=\"https:\/\/www.facebook.com\/NebuGoldExpo\">Nebu Expo for Gold and Jewelry 2022<\/a>.<\/p>\n<p>21 February (Monday): <a href=\"https:\/\/ent.news\/2022\/1\/Speed-Medical-disclosure-17-01-2022.pdf\">Hearing at Cairo Economic Court (pdf)<\/a> on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/107f1754-dca0-4654-92e9-fd680c3c9d71\">FRA lawsuits<\/a> filed against Speed Medical.<\/p>\n<p>26 February (Saturday): Speed Medical will elect a new board during <a href=\"https:\/\/ent.news\/2022\/1\/Speed-Medical-statement_190122.pdf\">ordinary general assembly (pdf)<\/a>.<\/p>\n<p>27 February (Sunday): British-Egyptian Business Association (BEBA) green finance event with Finance Minister Mohamed Maait, Semiramis Intercontinental, Cairo<\/p>\n<p>28 February- 1 March (Monday-Tuesday): <a href=\"https:\/\/futuredc.org\/\">The Future of Data Centers Summit<\/a>.<\/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: The government hopes to sign a final contract between El Nasr Automotive and a new partner for the local production of electric cars.<\/p>\n<p>March: Target date for Saudi tech firm Brmaja to IPO on the EGX.<\/p>\n<p>March: Egypt to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/318887153615045\">host World Tourism Organization Middle East committee meeting<\/a>.<\/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>24 March (Thursday): Egypt will host Senegal in the first leg of their 2022 FIFA World Cup qualifiers' playoff.<\/p>\n<p>26 March (Saturday): Egypt-EU World Trade Organization dispute settlement consultations end.<\/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>29 March (Tuesday): The second leg of the 2022 FIFA World Cup qualifiers' playoff between Egypt and Senegal.<\/p>\n<p>31 March (Thursday): Deadline for submitting tax returns for individual taxpayers.<\/p>\n<p>31 March (Thursday): Vodacom purchase of Vodafone Group\u2019s stake in Vodafone Egypt expected to be completed by this date.<\/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>4 May (Wednesday): 3 February (Thursday): Deadline to send in applications for Cultural Property Agreement Implementation projects to the <a href=\"https:\/\/eg.usembassy.gov\/wp-content\/uploads\/sites\/156\/CPAIG-2022-Announcment-RDL-edits.pdf\">US Embassy in Cairo<\/a>.<\/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: The inauguration of the Grand Egyptian Museum.<\/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>2H2022: The government will have vaccinated 70% of the population.<\/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>October: World Bank and IMF annual meetings in Washington, DC<\/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>November: Cairo Water Week 2022.<\/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>7-18 November (Monday-Friday): Egypt will host <a href=\"https:\/\/sdg.iisd.org\/events\/2021-un-climate-change-conference-unfccc-cop-27\/\">COP27<\/a> in Sharm El Sheikh.<\/p>\n<p>21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar.<\/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>January 2023: EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/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\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":543994,"template":"","categories":[],"tags":[],"class_list":["post-543993","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8dc41ec8-a9f4-438a-be29-7f71e7ab7a61","teaser":"","photo_url":"https:\/\/ent.news\/2022\/2\/400.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>Hump day &ne; news dump day - 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\/hump-day-news-dump-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hump day &ne; 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