{"id":545379,"date":"2022-03-24T13:58:41","date_gmt":"2022-03-24T13:58:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=545379"},"modified":"2025-12-15T21:02:32","modified_gmt":"2025-12-15T21:02:32","slug":"its-a-big-day-for-the-pharaohs-tomorrow","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-a-big-day-for-the-pharaohs-tomorrow\/","title":{"rendered":"It\u2019s a big day for the Pharaohs tomorrow"},"content":{"rendered":"<section id=\"545381\" 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=\"545381\">\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\/03\/24\/this-evening-egypt-makes-samurai-bonds-debut-zelensky-is-lobbying-for-full-eu-membership-and-more-nato-support-russia-stocks-rally-as-stock-market-reopens\/\">\r\n                            THIS EVENING: Egypt makes Samurai bonds debut + Zelensky is lobbying for full EU membership and more NATO support + Russia stocks rally as stock market reopens                        <\/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\/03\/24\/this-evening-egypt-makes-samurai-bonds-debut-zelensky-is-lobbying-for-full-eu-membership-and-more-nato-support-russia-stocks-rally-as-stock-market-reopens\/\" 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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It\u2019s been a wild news week, and we\u2019re very much looking forward to the weekend for a breather.<\/p>\n<p><strong>THE BIG STORY TODAY-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt successfully closed its maiden Samurai bond issuance<\/strong>, selling USD 500 mn (c.JPY 60 bn) of the JPY-denominated bonds in Japan today, the <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/365707755599651\">Finance Ministry<\/a>. The ministry took the issuance to market despite the spillover from the Russian invasion of Ukraine, and the sale makes Egypt the first in the region to issue JPY-denominated bonds in the Japanese market, the ministry said.<\/p>\n<p><strong>ALSO- The EGP continued strengthening against the greenback today<\/strong>, trading at 18.25 versus 18.42 yesterday. The EGP is now down 16.5% since the start of the week, just a little bit above the 15-16% overvaluation range analysts had previously pegged. Bankers and analysts we\u2019ve spoken to have broadly been in agreement that the currency overshot following Monday\u2019s devaluation, and will continue to strengthen until it settles at its fair value.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>It\u2019s official: The government has requested support from the IMF<\/strong> to mitigate the impact of the war in Ukraine on its economy. Statements from <a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2022\/03\/23\/pr2285-egypt-international-monetary-fund-statement-on-egypt\">the IMF<\/a> and <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/365264952310598\">cabinet<\/a> yesterday confirmed that the two sides are in talks on a new program, though it remains unclear what kind of assistance the Fund is willing to offer.<\/li>\n<li><strong>valU to enter Saudi Arabia in 1H2022:<\/strong> EFG Hermes\u2019 consumer finance platform valU <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/89804535-68b6-4fd3-a855-f31884f8b0dd\">will set foot in Saudi Arabia<\/a> before the end of 1H2022, marking its first cross-border expansion.<\/li>\n<li><strong>PE outfit Compass Capital has taken out a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef0acbeb-ac05-48aa-9657-b30ef822dd6f\">USD 10 mn mezzanine loan<\/a><\/strong> from South African fund manager Vantage Capital to fund the acquisition of six office buildings in New Cairo.<\/li>\n<\/ul>\n<p><strong>** <\/strong><strong>CLARIFICATION-<\/strong> In this morning\u2019s edition of EnterpriseAM, we picked up a story from Al Mal that incorrectly said Sequence Ventures\u2019 Egypt Deep-Tech Fund has reached its first close of EGP 150 mn. Sequence Ventures Executive Chairman Karim Helal has since informed us that the fund expects to reach its first close after Ramadan. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b1108c6e-2527-4d6f-8bcb-0f02d9c9f68b\">The story<\/a> has been updated on our website.<\/p>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Ukrainian President Zelensky is lobbying for full EU membership and more NATO<\/strong><strong> support<\/strong>, saying in a recorded speech to the Swedish parliament that Ukraine has \u201cshown that we deserve to be a fully fledged member of the EU\u201d by fighting against Russia \u201cfor Europe\u2019s security,\u201d <a href=\"https:\/\/www.reuters.com\/world\/europe\/zelenskiy-says-ukraine-deserves-be-full-member-eu-2022-03-24\/\">Reuters<\/a> reports. The Ukrainian president also asked NATO to send more military assistance to help stave off Russia\u2019s invasion, and <a href=\"https:\/\/www.reuters.com\/world\/europe\/invasion-milestone-ukraine-urges-solidarity-western-leaders-gather-2022-03-24\/\">repeated his request<\/a> for a no-fly zone over Ukraine, despite Western governments so far refusing to take this step.<\/p>\n<p><strong>The requests come as NATO, G7 nations, and the EU are each holding emergency meetings today<\/strong>, with US President Joe Biden attending all three in a show of support for Ukraine, according to <a href=\"https:\/\/www.euronews.com\/my-europe\/2022\/03\/24\/joe-biden-lands-in-brussels-to-send-putin-a-clear-message-of-western-unity\">EuroNews<\/a>. Biden is expected to hold a news conference at the end of the day to recap his meetings, according to <a href=\"https:\/\/www.abc10.com\/article\/news\/nation-world\/ukraine\/biden-nato-meeting-europe\/507-cc638749-db32-4245-a3f0-823fa04a6f49\">the Associated Press<\/a>.<\/p>\n<p><strong>NATO Secretary General Jens Stoltenberg is extending his term for another year to hold down the fort<\/strong> as the war in Ukraine trudges on, reports <a href=\"https:\/\/www.reuters.com\/world\/europe\/stoltenberg-extend-nato-term-by-one-year-amid-ukraine-war-say-reports-2022-03-24\/\">Reuters<\/a>, citing the Norwegian press. Stoltenberg was meant to take up the post of central bank governor in his native Norway after his term expires with NATO this coming October.<\/p>\n<p><strong>Meanwhile, the UK came out with a new laundry list of sanctions against Russia today<\/strong>, with 65 new measures targeting \u201ca range of key strategic industries and individuals,\u201d including Russian Railways, a Russian defense company that produces drones, six banks, and the stepdaughter of Russian Foreign Minister Sergei Lavrov, according to <a href=\"https:\/\/www.gov.uk\/government\/news\/foreign-secretary-announces-65-new-russian-sanctions-to-cut-off-vital-industries-fuelling-putins-war-machine\">a statement<\/a>.<\/p>\n<p><strong>And there could be even more sanctions coming:<\/strong> The trio of high-level meetings today feature discussions on ramping up sanctions and ways to mitigate the economic and security fallout spreading across Europe and the world.<\/p>\n<p><strong>MARKET WATCH-<\/strong><\/p>\n<p><strong>Russian equities and the rouble appear to have shaken all of this off<\/strong>, with stocks rallying in the first day of trading on the Moscow Exchange in nearly a month. The exchange\u2019s benchmark index rose 11% at the start of trading before paring gains to end the day up 4.4%, according to <a href=\"https:\/\/finance.yahoo.com\/quote\/IMOEX.ME\/\">market data<\/a>. Trading restrictions on foreigners and short selling remain in place, but the overall sentiment appears to be positive, \u201csupported by the confidence that the finance ministry will buy stocks,\u201d BCS Brokerage said, according to <a href=\"https:\/\/www.reuters.com\/business\/rouble-recovers-further-jittery-stock-trading-resumes-after-month-long-hiatus-2022-03-24\/\">Reuters<\/a>. Equity performance has been mixed, however, as energy firms saw significant gains while banking and airline shares sank. The rouble also rallied today, rising 2% to continue its recovery.<\/p>\n<p><strong>Oil has been see-sawing today as investors chewed over supply risks and the<\/strong><strong> expectation of more sanctions on Moscow<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-23\/oil-rally-pauses-as-investors-weigh-russian-supply-china-demand\">Bloomberg<\/a>reported. Brent futures fluctuated between losses and gains close at USD 123 per barrel as the US and EU inch closer to an agreement to cut dependency on Russia\u2019s energy.<\/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>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The Egypt International Mining Show (<\/strong><strong><a href=\"https:\/\/egypt-mining.com\/\">EIMS 2022<\/a><\/strong><strong>) kicks off next Monday.<\/strong> The virtual event will wrap on Tuesday.<\/p>\n<p><strong>PSA- All individual taxpayers have until next Thursday, 31 March, to submit their 2021 tax<\/strong><strong> returns<\/strong> to the Egyptian Tax Authority. The deadline for companies with January-December fiscal years is 30 April.<\/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>It\u2019s going to gradually get sunnier over the next week. Friday will see a daytime high of 20\u00b0C while Saturday promises temps of 23\u00b0C, our favorite weather app tells us. We\u2019re still in store for some pretty cold nights, with both days seeing nighttime lows of 9\u00b0C.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/joe-biden\/\">Joe Biden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/market-watch\/\">Market Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nato\/\">NATO<\/a>\n                <!-- <span 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<\/div>\n<\/div>\n<\/section>\n<section id=\"545383\" 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=\"545383\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">FOR YOUR COMMUTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/whatever-happened-to-no-politics-in-sports-crypto-focused-spacs-are-having-their-day-in-the-sun-fertilizer-shortage-exacerbates-global-hunger\/\">\r\n                            Whatever happened to no politics in sports? + Crypto-focused SPACs are having their day in the sun + Fertilizer shortage exacerbates global hunger                        <\/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\/03\/24\/whatever-happened-to-no-politics-in-sports-crypto-focused-spacs-are-having-their-day-in-the-sun-fertilizer-shortage-exacerbates-global-hunger\/\" 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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Crypto-focused SPACs are having their day in the sun + Fertilizer shortage exacerbates global hunger&url=https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/whatever-happened-to-no-politics-in-sports-crypto-focused-spacs-are-having-their-day-in-the-sun-fertilizer-shortage-exacerbates-global-hunger\/\">\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\/03\/24\/whatever-happened-to-no-politics-in-sports-crypto-focused-spacs-are-having-their-day-in-the-sun-fertilizer-shortage-exacerbates-global-hunger\/&title=Whatever happened to no politics in sports? + Crypto-focused SPACs are having their day in the sun + Fertilizer shortage exacerbates global hunger\">\n                   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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/whatever-happened-to-no-politics-in-sports-crypto-focused-spacs-are-having-their-day-in-the-sun-fertilizer-shortage-exacerbates-global-hunger\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/557.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545384\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/whatever-happened-to-no-politics-in-sports-crypto-focused-spacs-are-having-their-day-in-the-sun-fertilizer-shortage-exacerbates-global-hunger\/557-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/557.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"557.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/557.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/557.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545383\" class=\"content-area-description single-story post-545383 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-commodities tag-cryptocurrency tag-enterprisepm tag-for-your-commute tag-palestine tag-russia-ukraine-war tag-spacs tag-sports 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-04\"><\/a> <strong>Arab athletes speak out on double standards on bringing politics into sports:<\/strong> Athletes and commentators are pointing out international sporting bodies\u2019 laxity with political expression regarding the Russia-Ukraine war within sporting events, compared to often harsh repercussions when Arab sportspeople would touch on the Palestinian occupation, <a href=\"https:\/\/sports.yahoo.com\/arabs-denounce-double-standard-russia-013332820.html\">AFP<\/a> writes. Egyptian squash champion Ali Farag is among those pointing out the double standard, using his victory speech at a recent championship to say that it\u2019s suddenly okay to discuss politics in sports. Earlier this month, Palestinian midfielder Mohamed Rashid refused to stand with his Indonesian club Persib Bandung as they raised a \u201cstop war\u2019\u201dsign. \u201cWhen war erupted in a Western country, everyone stood with it, but when people die in Palestine, we are not allowed to show solidarity and are accused of mixing politics and sports,\u201d he said at the time.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Crypto-focused SPACs are having their day in the sun, outperforming other<\/strong><strong> non-crypto companies that went public via SPAC<\/strong>, <a href=\"https:\/\/news.bloomberglaw.com\/mergers-and-acquisitions\/crypto-spac-deals-pile-up-as-already-listed-trio-outpace-average?utm_source=rss&utm_medium=MRNW&utm_campaign=0000017f-b71f-d36c-ab7f-f77fd8260003\">Bloomberg<\/a> writes. A rush towards SPAC-based listings hasn\u2019t exactly paid off across the board, with most companies opting for this route now seeing \u201cabysmal\u201d stock performance \u2014 despite initially seeing sharp spikes in trading activity once a SPAC transaction closed, the business information service notes. But even with crypto-focused SPACs\u2019 generally better performance than their non-crypto peers, they remain exposed to fluctuations in BTC prices, with two companies (Cipher and Bakkt) seeing their share prices dropping from their listing price as the cryptocurrency dropped.<\/p>\n<p><strong>A global fertilizer shortage is reducing the amount of cultivated agricultural land,<\/strong><strong> leading to more global hunger<\/strong>, creating another dynamic to the fallout from the Russia-Ukraine war, which has pushed fertilizer prices to sky-high levels, reports <a href=\"https:\/\/www.reuters.com\/business\/sanctions-bite-russia-fertilizer-shortage-imperils-world-food-supply-2022-03-23\/\">Reuters<\/a>. Western sanctions on Russia have disrupted the trade of key commodities, including fertilizers that are critical to maintaining high yields from crops such as corn, soy, rice, and wheat. Farmers are struggling to quickly adapt through different methods, such as switching out fertilizers for manure, using less fertilizer, or stockpiling in anticipation of more severe shortages ahead. Agricultural experts believe that the situation could lead to further pressure on global food supply in the long run by inhibiting production.<\/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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia-ukraine-war\/\">Russia-Ukraine war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spacs\/\">SPACs<\/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=\"545385\" 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=\"545385\">\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\/03\/24\/watch-the-story-of-disgraced-uber-ceo-in-new-series-super-pumped-succession-has-its-own-podcast-football-is-back\/\">\r\n                            Watch the story of disgraced Uber CEO in new series Super Pumped + Succession has its own podcast + Football is back                        <\/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 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/558.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545386\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/watch-the-story-of-disgraced-uber-ceo-in-new-series-super-pumped-succession-has-its-own-podcast-football-is-back\/558-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/558.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"558.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/558.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/558.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545385\" class=\"content-area-description single-story post-545385 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-ears-to-the-ground tag-eat-this-tonight tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<div class='normal-story'><\/div>\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\/ears-to-the-ground\/\">ears to the ground<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eat-this-tonight\/\">Eat This Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/on-the-tube-tonight\/\">On The Tube Tonight<\/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=\"545387\" 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=\"545387\">\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\/03\/24\/earnings-watch-alexandria-new-medical-center\/\">\r\n                            Earnings watch: Alexandria New Medical Center                        <\/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 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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=Earnings+watch%3A+Alexandria+New+Medical+Center+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F03%2F24%2Fearnings-watch-alexandria-new-medical-center%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\/03\/24\/earnings-watch-alexandria-new-medical-center\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545387\" class=\"content-area-description single-story post-545387 post type-post status-publish format-standard hentry category-go-with-the-flow tag-earnings tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EARNINGS WATCH-<\/strong><\/p>\n<p><strong>Alexandria New Medical Center\u2019s net income rose 27% y-o-y to EGP 26.45 mn<\/strong> in FY 2021, according to the company\u2019s <a href=\"https:\/\/bit.ly\/3wCIc4W\">financial statement (pdf)<\/a>. Revenues increased 20.2% y-o-y during 2021 to EGP 271.13 mn.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 fell 0.3% at today\u2019s close<\/strong> on turnover of EGP 1.36 bn (29% above the 90-day average). Foreign investors were net sellers. The index is down 2.0% YTD.<\/p>\n<p><strong>In the green: <\/strong>Sidi Kerir Petrochem (+5.0%), Eastern Company (+4.4%) and Orascom Development Egypt (+2.7%).<\/p>\n<p><strong>In the red: <\/strong>Orascom Construction (-2.9%), Ezz Steel (-2.8%) and TMG Holding (-1.9%).<\/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\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/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=\"545388\" 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=\"545388\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">HEALTH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/the-science-of-sleep\/\">\r\n                            The science of sleep                        <\/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\/03\/24\/the-science-of-sleep\/\" 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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Getting a better night\u2019s rest is one of the most powerful ways we can boost our overall well being and improve our mental and physical health. Without it, we would face much the same fate as depriving ourselves of food or water.<\/p>\n<p><strong>Why do we sleep? <\/strong>We don\u2019t actually know exactly why we sleep but we do know that sleep serves a number of <a href=\"https:\/\/www.bbc.com\/news\/science-environment-32606341\">essential functions<\/a> to the maintenance of our <a href=\"https:\/\/healthysleep.med.harvard.edu\/healthy\/matters\/benefits-of-sleep\/why-do-we-sleep#:~:text=The%20energy%20conservation%20theory%20suggests,efficient%20to%20search%20for%20food.\">cognitive and physical functioning<\/a>. It helps us process information, retain memories, eliminate waste chemicals and clear out less relevant information stored in our brains. Physically, we know that not getting enough sleep can compromise immunity and increase symptoms of depression, seizures, high blood pressure and migraines.<\/p>\n<p><strong>Our bodies have internal mechanisms that regulate when we\u2019re feeling tired<\/strong>: Our circadian rhythms are like <a href=\"https:\/\/www.hopkinsmedicine.org\/health\/wellness-and-prevention\/the-science-of-sleep-understanding-what-happens-when-you-sleep#:~:text=Researchers%20also%20believe%20that%20sleep,sleep%2C%20their%20health%20risks%20rise.\">a biological clock<\/a>that controls the amount of melatonin produced in the brain. But they are also subject to influence by external stimuli like light exposure, which is why scrolling through your iPhone before bed makes it more difficult to fall asleep. Then there\u2019s our internal sleep drive which regulates our desire to sleep based on how long we\u2019ve been awake. Sleep drive is responsible for producing our feelings of exhaustion, which can sometimes be overcome with a nap.<\/p>\n<p><strong>Every time you get some shut eye you\u2019re moving through two types of sleep:<\/strong> Non-rapid eye movement (NREM) and rapid eye movement (REM). We move through these kinds of sleep cyclically at 90-minute intervals that can be <a href=\"https:\/\/www.sleepfoundation.org\/how-sleep-works\/why-do-we-need-sleep\">divided into four stages<\/a>. We start our first stage in NREM where we\u2019re in \u201clight sleep\u201d mode, during which our bodies begin to wind down and physical functions like breathing and eye movement start to slow. During the second stage of NREM, which is often the longest, things slow down even further; eye movements come to a halt and our body temperatures drop. By the third stage of NREM we\u2019re at peak muscle relaxation when breathing and brain wave activity reach their lowest levels. Then comes REM sleep where your eyes start to move underneath your eyelids, your breathing, heart rate, and blood pressure spike, and you start to dream.<\/p>\n<p><strong>How much of it do you need exactly? <\/strong>Most adults between the ages of 18 and 64 need between <a href=\"https:\/\/www.theguardian.com\/science\/2018\/oct\/08\/sleep-how-much-do-we-really-need\">seven to nine hours of sleep<\/a> every day. That figure goes up to eight to ten hours for teens and nine to eleven hours for young children.<\/p>\n<p><strong>Globally we\u2019re not getting as much sleep as we should be: <\/strong>Some 62% of people around the world reported not getting enough sleep on a daily basis according to this <a href=\"https:\/\/ent.news\/2022\/3\/2019-philips-world-sleep-day-survey-results.pdf\">2019 Phillips survey (pdf)<\/a> which estimated adults were getting only 6.8 hours of sleep per night during the week.<\/p>\n<p><strong>This has wider societal consequences: <\/strong><a href=\"https:\/\/ent.news\/2022\/3\/RAND_RR1791-1.pdf\">A 2016 study<\/a> by the Rand Corporation claimed that insufficient sleep is costing the US some USD 411 bn (amounting to almost 2.3% of GDP) in lost productivity, absenteeism and higher mortality.<\/p>\n<p><strong>So what can you do to get a better night\u2019s rest? <\/strong>Having a regular sleep schedule where you wake up and go to bed at the same time every day can help you better fall in sync with your internal sleep mechanism and provide you with a better night\u2019s rest, Matt Walker, neuroscientist and author of <a href=\"https:\/\/www.goodreads.com\/book\/show\/34466963-why-we-sleep\">Why We Sleep<\/a>, explains (<a href=\"https:\/\/www.ted.com\/talks\/matt_walker_6_tips_for_better_sleep?language=en\">watch, runtime 5:29<\/a>). Colder environments also help us fall asleep faster because our body temperatures naturally drop in the second stage of NREM, he says. Making sure you have a dark environment, and stay away from computer screens and phones in the 30 minutes before you head to bed will also help. So will regular exercise.<\/p>\n<p><strong>If you\u2019ve tried everything but still can\u2019t seem to fall asleep, don\u2019t push yourself:<\/strong> If you find yourself sitting in bed, struggling to fall asleep, try going for a walk or doing something else entirely, Walker recommends. In fact, don't even enter your bed until you feel sufficiently sleepy.<\/p>\n<p><strong>Over the long term<\/strong>: Figure out a routine that helps you wind down and make it a regular component of your day, this will help you relax and get your brain ready to sleep, Walker says.<\/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\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lifestyle\/\">lifestyle<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/science\/\">science<\/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=\"545390\" 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\/03\/24\/545390\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545390\" class=\"content-area-description single-story post-545390 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 a 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>1H2022: Transport Ministry <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/334230905414003\">to sign<\/a> a memorandum of understanding with <a href=\"https:\/\/www.adports.ae\/\">Abu Dhabi Ports<\/a> to set up a transport route across the Nile to transport products from Al Canal\u2019s Minya<a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/23\/uaes-al-ghurair-to-invest-usd-1-bn-in-sugar-agriculture-project\/\">sugar factory<\/a>.<\/p>\n<p>15 February-15 June (Tuesday-Wednesday): ITIDA\u2019s Technology Innovation and Entrepreneurship Center is organizing the first <a href=\"https:\/\/ent.news\/2022\/3\/ITIDA-Launches-the-First-Metaverse-Hackathon-in-Creativa-Innovation-Hubs-and-Electronics-Labs-across-Egypt.pdf\">Metaverse Hackathon<\/a>.<\/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: Contracts for last two phases of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2356273-f17c-4a5b-a987-663aab9a2e29\">Egypt\u2019s USD 4.5 bn high-speed rail line<\/a> to be signed.<\/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<\/a><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/318887153615045\">Tourism Organization Middle East committee meeting<\/a>.<\/p>\n<p>March: The Salam \u2013 new administrative capital \u2013 10th of Ramadan Light Rail Train (LRT) line <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/327078179462609\">will start operating<\/a>.<\/p>\n<p>March: The new multi-purpose station at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b705927d-ff68-4720-8bae-3b3dfde3705d\">Dekheila Port and the revamped Ain Sokhna Port<\/a> will start operating.<\/p>\n<p>March: General Authority for Land and Dry Ports <a href=\"https:\/\/bit.ly\/3IbQQKI\">to issue the condition booklets<\/a> for the operations of the Tenth of Ramadan dry port.<\/p>\n<p>Mid-March: Bidding for the construction of Anchorage Investments\u2019 petrochemical complex in the Suez Canal Economic Zone starts.<\/p>\n<p>14 March-30 June: The \u201cEscape to Egypt\u201d exhibition at the <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02TyfzyKQdaqZmXvT1e3FuyPe3vSpn55zshBzfPbVExM3BR7KTZ3Geb6QVSsHa2S5Nl\">Coptic Museum<\/a>, in celebration of its 112th anniversary.<\/p>\n<p>24 March (Thursday): GB Auto Extraordinary General Assembly (<a href=\"https:\/\/ent.news\/2022\/3\/GBAuto-06-03-2022.pdf\">pdf<\/a>).<\/p>\n<p>24 March-1 April: Ahlan Ramadan Supermarket Expo, Cairo International Convention Center.<\/p>\n<p>25 March (Friday): Egypt will host Senegal in the first leg of their 2022 FIFA World Cup qualifiers' playoff (TBC).<\/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>28 March (Monday): The second leg of the 2022 FIFA World Cup qualifiers' playoff between Egypt and Senegal (TBC).<\/p>\n<p>28 March (Monday): The court hearing for a case brought by Arabia Investments Holding (AIH) against Peugeot <a href=\"https:\/\/ent.news\/2022\/3\/AIH-lawsuit-Peugeot.pdf\">has been postponed<\/a> until 28 March.<\/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>April: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>April: Ghazl El Mahalla shares will begin trading on the EGX.<\/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>14 April (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>Mid-April: Trading on the <a href=\"https:\/\/alborsaanews.com\/2022\/02\/13\/1508190\">Egyptian Commodity Exchange to start<\/a>.<\/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 Meetings<\/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>1 May (Sunday): Suez Canal Authority raises tolls for different vessels.<\/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>5-7 June (Sunday-Tuesday): <a href=\"https:\/\/www.africahealthexcon.com\/\">Africa Health ExCon<\/a>, Al Manara International Conference Center, Egypt International Exhibitions Center, and the St. Regis Almasa Hotel, New Administrative Capital.<\/p>\n<p>9 June (Thursday): European Central Bank monetary policy 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>3Q2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release first financing product.<\/p>\n<p>July: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>July: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>Early July: <a href=\"https:\/\/dailynewsegypt.com\/2022\/03\/21\/polands-president-will-visit-egypt-soon-to-consolidate-relations-between-two-countries-polish-ambassador\/\">Polish President to visit Egypt<\/a>.<\/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>21 July (Thursday): European Central Bank monetary policy meeting.<\/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>August: Work to extend the capacity of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a67dcca-de16-4313-b330-60fc1a21e6db\">Egypt-Sudan electricity interconnection<\/a> to 300 MW to be completed.<\/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>September: Central Bank of Egypt\u2019s Innovation and Financial Technology Center to launch incubator for 25 fintech startups.<\/p>\n<p>8 September (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>20-21 September (Tuesday-Wednesday): Federal Reserve Finterest 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>October: Fuel pricing committee meets to decide quarterly fuel prices.<\/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>27 October (Thursday): European Central Bank monetary policy meeting.<\/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>4-6 November: The <a href=\"https:\/\/www.autotechegypt.com\/en\/home.html\">Autotech<\/a> auto exhibition kicks off at the Cairo International Exhibition and Convention Center.<\/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>15 December (Thursday): European Central Bank monetary policy 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>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/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":545380,"template":"","categories":[],"tags":[],"class_list":["post-545379","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"10c64753-4b40-41c2-af93-40b8538d6614","teaser":"","photo_url":"https:\/\/ent.news\/2022\/3\/556.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>It\u2019s a big day for the Pharaohs tomorrow - 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\/its-a-big-day-for-the-pharaohs-tomorrow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s a big day for the Pharaohs tomorrow\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-a-big-day-for-the-pharaohs-tomorrow\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T21:02:32+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/556.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\/its-a-big-day-for-the-pharaohs-tomorrow\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-a-big-day-for-the-pharaohs-tomorrow\/\",\"name\":\"It\u2019s a big day for the Pharaohs tomorrow - 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