{"id":545396,"date":"2022-03-27T13:25:20","date_gmt":"2022-03-27T13:25:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=545396"},"modified":"2025-12-15T21:02:57","modified_gmt":"2025-12-15T21:02:57","slug":"inside-industry-what-automotive-players-want-to-see-from-the-madbouly-cabines-new-automotive-strategy","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/inside-industry-what-automotive-players-want-to-see-from-the-madbouly-cabines-new-automotive-strategy\/","title":{"rendered":"Inside Industry: What automotive players want to see from the Madbouly Cabine\u2019s new automotive strategy"},"content":{"rendered":"<section id=\"545398\" 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=\"545398\">\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\/27\/this-evening-introducing-enterprisepms-industry-vertical-fintech-startup-khazna-could-make-a-spac-debut-in-2024-its-oscars-night\/\">\r\n                            THIS EVENING: Introducing EnterprisePM\u2019s industry vertical + Fintech startup Khazna could make a SPAC debut in 2024 + It\u2019s Oscars night                        <\/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\/27\/this-evening-introducing-enterprisepms-industry-vertical-fintech-startup-khazna-could-make-a-spac-debut-in-2024-its-oscars-night\/\" 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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Maghrib prayers are at 6:14pm CLT on the first day of the holy month (6:20pm in Alexandria), while you\u2019ll have until 4:15am CLT to caffeinate or otherwise consume the sohour of your choice ahead of fajr prayers (4:18am in Alexandria).<\/p>\n<p><strong>We\u2019re also excited at launching our first EnterprisePM industry vertical.<\/strong> More on that below.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>It\u2019s also Oscars night: <\/strong>You can catch the <a href=\"https:\/\/www.oscars.org\/oscars\/ceremonies\/2022\">94th Academy Awards<\/a> on OSN Movies. It\u2019s a bit of a mad rush, but you can still binge some of the nominated movies ahead of tonight\u2019s show, which will see organizers trying to return to form with three women comedian hosts for the first time in its history. Our favorite nominated films are Dune, The Power of the Dog, Drive My Car and Licorice Pizza.<\/p>\n<p><strong>THE BIG STORY TODAY-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Fintech startup <\/strong><strong><a href=\"https:\/\/khazna.app\/\">Khazna<\/a><\/strong><strong> could make a SPAC debut in 2024<\/strong>, a company spokesperson told Enterprise, confirming a report from <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=26032022&id=3ca0fbe0-9afd-4433-8be8-277d8476a6e5\">Al Shorouk<\/a> quoting Khazna\u2019s co-founder and CEO Omar Saleh. The startup is looking into setting up a blank check company with international investors, which it could then take public with a listing either at home or abroad.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>No int\u2019l wheat purchases before mid-May \u2013El Moselhy:<\/strong> Egypt won\u2019t be tapping the international wheat market with new tenders before the middle of May after having received all its backlogged orders of Russian wheat, Supply Minister <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/47455fdd-e237-4cbb-ad9a-c402d82a437c\">Ali El Moselhy said<\/a>.<\/li>\n<li><strong>NBE launches EGP 2 bn SME fund of funds:<\/strong> A group of banks and financial institutions led by the National Bank of Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6e74540-21d6-45d4-b488-622e0d4d350f\">have launched<\/a> Egypt\u2019s first fund of funds, which has reached a EGP 905 mn first close.<\/li>\n<li><strong>The search for budget cutbacks starts in April, PM asks us all to drive a bit less:<\/strong> Ministries and government agencies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5818dafa-b691-4e31-bdd4-2c25a84a9c4b\">will start looking<\/a> at ways to trim spending from the beginning of next month as the cabinet tries to get its fiscal house in order amid spiraling international commodity prices and the war in Ukraine.<\/li>\n<\/ul>\n<p class='web-image-inner'><img decoding=\"async\" data-recalc-dims=\"1\" style='display: block' src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>We promised back when we launched EnterprisePM last year that we were redoubling <\/strong><strong>our focus on news analysis and explainers<\/strong> that take you beyond the headlines as well as updating you on the news of the day so you start your evening without FOMO. EnterprisePM would also give us the space we need to discuss issues, topics and industries at length without making EnterpriseAM a burden to read.<\/p>\n<p><strong>We're taking it to the next level this afternoon with the launch of Inside Industry, your <\/strong><strong>weekly briefing of all things industrial in Egypt.<\/strong> Presented with the financial support of our friends at IDG, Inside Industry is our first weekly, editorially independent industry vertical for EnterprisePM. WIth a focus on what it takes to turn Egypt into a manufacturing and export powerhouse, the scope of the Inside Industry is massive, covering everything from initial investment and planning to product distribution and everything in between. From land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy \u2014 it's all Inside Industry.<\/p>\n<p><strong>Look for Inside Industry every Sunday on EnterprisePM<\/strong> for the stories, analysis pieces, explainers, interviews, and reports that will help keep you informed on industrial development in Egypt.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> Earlier this month, the Madbouly Cabinet announced a new strategy that looks to give automakers incentives to assemble here in Egypt with an eye towards turning Egypt into a manufacturing hub and launchpad for regional exports. But having gone through the highs and lows of the automotive directive, <strong>what do auto players think of the new strategy \u2014 and what more would it take for them to buy into it?<\/strong><\/p>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD- <\/strong><\/p>\n<p><strong>Today\u2019s theme in Ukraine is diplomatic damage control as the fighting continues<\/strong><strong> on the ground.<\/strong> The White House is still scrambling to clarify US President Joe Biden\u2019s remarks that Russian President Vladimir Putin \u201ccannot remain in power,\u201d with Secretary of State Antony Blinken insisting that the US is not calling for a regime change in Russia, the <a href=\"https:\/\/www.washingtonpost.com\/world\/2022\/03\/27\/russia-ukraine-war-news-putin-live-updates\/\">Washington Post<\/a> reports.<\/p>\n<p><strong>Meanwhile, cruise missiles sounded over the Ukrainian city of Lviv<\/strong>, which had so far been spared from the brunt of the war, amid reports that Moscow is shifting its focus to securing Ukraine\u2019s east (where the breakaway Donbas regions are located). Ukrainian President Volodymyr Zelensky reiterated his calls for the West to supply weapons to help it stop Russian advances, stopping short of accusing Western countries of being too scared of Russia to act, <a href=\"https:\/\/www.reuters.com\/world\/europe\/rockets-strike-ukraines-lviv-biden-says-putin-cannot-remain-power-2022-03-27\/\">Reuters<\/a> reports.<\/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>The Egypt International Mining Show (<\/strong><strong><a href=\"https:\/\/egypt-mining.com\/\">EIMS 2022<\/a><\/strong><strong>) kicks off tomorrow.<\/strong> The virtual event will wrap on Tuesday.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Cyprus Energy Minister Natasa Pilidou is in town this week<\/strong> heading a delegation of Cypriot companies to discuss business ties with ministers and Egyptian firms, according to <a href=\"https:\/\/meci.gov.cy\/en\/useful-information\/announcements\/business-delegation-forum-to-egypt-28-%E2%80%93-31-march-2022\">an official statement<\/a>. The delegation will be in town from 28-31 March.<\/p>\n<p><strong>Afreximbank and the Angolan Embassy in Egypt are <\/strong><strong><a href=\"https:\/\/ent.news\/2022\/3\/AFX_-ANGOLA-EGYPT-Invite.pdf\">hosting (pdf)<\/a><\/strong><strong> an Angola-Egypt<\/strong><strong> i<\/strong><strong>nvestment roundtable<\/strong> on Wednesday at the Hilton Cairo Heliopolis Hotel. Click <a href=\"https:\/\/forms.office.com\/pages\/responsepage.aspx?id=jP2RvIp_-UK9rx1vSY7WPYCr5M5MlyxAtgw3oLu0nZpUNFhWUFFNWERURlZTUDIyOVVHT0JPNThGWS4u\">here<\/a> to RSVP to join the discussion.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>PSA- All individual taxpayers have until this Thursday, 31 March, to submit their 2021<\/strong> <strong>tax 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>Tomorrow kicks off the beginning of hot weather here in the capital city, our favorite weather app indicates. Expect a daytime high of 24\u00b0C and a nighttime low of 11\u00b0C on Monday before temperatures rise to 35\u00b0C on Saturday, the first day of Ramadan (25\u00b0C in Alex).<\/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\/joe-biden\/\">Joe Biden<\/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\/vladimir-putin\/\">Vladimir Putin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545399\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll 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stk-block-column stk-column stk-block stk-yjb7uk9\" data-v=\"4\" data-block-id=\"yjb7uk9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-yjb7uk9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-yjb7uk9-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                <\/div>\r\n         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   \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\/27\/export-controls-could-exacerbate-the-global-food-crisis-is-elon-musk-going-to-create-our-next-facebook\/\">\r\n                            Export controls could exacerbate the global food crisis + Is Elon Musk going to create our next Facebook?                        <\/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 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/27\/export-controls-could-exacerbate-the-global-food-crisis-is-elon-musk-going-to-create-our-next-facebook\/567-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/567.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"567.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/567.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/567.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545400\" class=\"content-area-description single-story post-545400 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-elon-musk tag-enterprisepm tag-for-your-commute tag-nelson-mandela tag-nfts tag-russia-ukraine-war tag-social-media tag-trade tag-world-trade-organization 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-03\"><\/a> <strong>Export controls could exacerbate the global food crisis, WTO warns: <\/strong>The Russia-Ukraine war has caused commodity and energy prices to skyrocket in recent weeks, leading many countries to respond with export restrictions as they look to secure their domestic needs. So far, 12 WTO member countries have imposed export restrictions including Egypt which has imposed a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0de30ab-61c5-41f0-a91f-f7ffd44cecd4\">three-month export ban<\/a> on staple food commodities, including wheat, flour, oils and corn. World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala is urging countries to drop these controls and offer their surplus stock of basic commodities such as vegetable oil and grains to the world market to ease supply shortages, she tells the <a href=\"https:\/\/www.ft.com\/content\/4bcb5b9a-dc9c-4a2e-9c19-fd0552eb9975\">Financial Times<\/a>.<\/p>\n<p><strong>On the upside: <\/strong>Ukraine has sent off the first shipment of corn to Europe today via train, as its ports remain closed, signaling that efforts are being made to continue trade amid the war, writes <a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-exports-first-grain-by-train-europe-apk-inform-2022-03-27\/\">Reuters<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Is Elon Musk going to create our next Facebook? <\/strong>The Tesla CEO is \u201cgiving serious thought\u201d to creating a new social media platform, he said in response to a <a href=\"https:\/\/twitter.com\/PPathole\/status\/1507780749629730817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1507907130124222471%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.ndtv.com%2Fworld-news%2Felon-musk-a-new-social-media-platform-elon-musks-tweet-sparks-a-buzz-2845689\">Twitter user's question<\/a> on whether he would consider building a platform consisting of an open-source algorithm that would prioritize freedom of speech and minimize propaganda. The statement came days after Musk <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507259709224632344?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1507272763597373461%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.ndtv.com%2Fworld-news%2Felon-musk-a-new-social-media-platform-elon-musks-tweet-sparks-a-buzz-2845689\">launched a poll<\/a> asking users if they believed Twitter adheres to these principles, adding that the consequences of this poll would be important. Over 70% of respondents voted \u201cno.\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-27\/musk-gives-serious-thought-to-creating-social-media-platform?srnd=premium-middle-east\">Bloomberg<\/a> has the story.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>NFT of Mandela\u2019s arrest warrant helps keep museum on South Africa democracy<\/strong><strong> afloat:<\/strong> An <a href=\"https:\/\/nelsonmandelaswarrantofarrest.com\/\">NFT of Nelson Mandela\u2019s 1961 arrest warrant<\/a> has been sold for USD 130k, with all of the proceeds going towards <a href=\"https:\/\/liliesleaf.co.za\/stories\/\">Liliesleaf Museum Heritage Site<\/a>, one of South Africa's most significant national heritage sites, documenting the country\u2019s fight for democracy, <a href=\"https:\/\/english.alarabiya.net\/News\/world\/2022\/03\/27\/Nelson-Mandela-s-1961-arrest-warrant-NFT-raises-130-000-in-auction\">Al Arabiya<\/a> reported. The museum had received the original arrest warrant in 2004 as a donation and had sold its NFT to help it stay afloat after being affected by the lack of tourism due to covid, according to the head of <a href=\"https:\/\/www.momint.so\/auction-items\/nelsonmandelawarrantofarrest-nelsonmandela\">Momint<\/a>, the marketplace which sold the NFT. The museum <a href=\"https:\/\/www.news24.com\/news24\/southafrica\/news\/iconic-heritage-site-liliesleaf-to-close-its-doors-indefinitely-20210901\">had closed its doors<\/a> back in September due to lack of funding. This isn\u2019t the museum\u2019s first rodeo in the world of NFTs: Last year, it sold an NFT of a pen gun owned by South African politician and revolutionary Oliver Tambo, which raised about USD 50k.<\/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\/elon-musk\/\">Elon Musk<\/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\/nelson-mandela\/\">Nelson Mandela<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            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<!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545402\" 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=\"545402\">\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\/27\/check-out-this-mexican-teen-drama-that-checks-all-the-boxes-it-ends-with-us-is-a-touching-story-about-love-and-why-its-important-to-sometimes-leave-it-behind\/\">\r\n                            Check out this Mexican teen drama that checks all the boxes + It Ends With Us is a touching story about love and why it\u2019s important to sometimes leave it behind                        <\/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\/27\/check-out-this-mexican-teen-drama-that-checks-all-the-boxes-it-ends-with-us-is-a-touching-story-about-love-and-why-its-important-to-sometimes-leave-it-behind\/\" 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 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href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/27\/check-out-this-mexican-teen-drama-that-checks-all-the-boxes-it-ends-with-us-is-a-touching-story-about-love-and-why-its-important-to-sometimes-leave-it-behind\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/568.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545403\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/27\/check-out-this-mexican-teen-drama-that-checks-all-the-boxes-it-ends-with-us-is-a-touching-story-about-love-and-why-its-important-to-sometimes-leave-it-behind\/568-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/568.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"568.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/568.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/568.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545402\" class=\"content-area-description single-story post-545402 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-eat-this-tonight tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>A Mexican teen drama that checks all the typical boxes:<\/strong> Netflix series <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81021245\">Control Z<\/a>, set in a high school, tells the story of a hacker who exposes the huge secret of a closeted transgender student, and continues to reveal more secrets that sends the school into disarray as students to turn against each other, bringing up themes of bullying and cyber crime. It\u2019s up to Sofia, an introverted but observant internet geek, to uncover the hacker\u2019s identity. The series was renewed for a third season to be released this year, after season 2 was released last year.<\/p>\n<p>\u26bd <strong>We\u2019re still catching our breath after our national team\u2019s victory against Senegal<\/strong> on Friday in the decisive Fifa World Cup 2022 qualifiers, before the Pharaohs hit the field against the Lions of Teranga in Dakar for the second leg of the game on Tuesday at 7pm.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>A new Parisian restaurant makes its way to both ends of the city: <\/strong><a href=\"https:\/\/www.instagram.com\/flandrin.egypt\/?utm_medium=copy_link\">Le Flandrin<\/a> \u2014 open in none other than the city of love \u2014 has landed in Cairo with two restaurants in New Cairo\u2019s 5A and Sheikh Zayed\u2019s Park St. The food joint has something for everyone, offering steaks, pastas, pizzas, and of course, a ton of French pastries. We\u2019ve heard raving comments about their beef tenderloin and penne chicken alfredo and we\u2019re also eyeing their shrimp curry and poulet grilled (grilled chicken with creamy mustard sauce). For desserts, try out the cr\u00e8me br\u00fbl\u00e9e, pain perdu, or grab an \u00e9clair or tart from their aesthetic display of sweets.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>Coldplay tribute band Strawberry Swing, Paranoid Eyes, & Skelet\u00f8n Clique<\/strong> are playing their tunes <a href=\"https:\/\/www.facebook.com\/events\/662313224977837\/\">tonight at 7pm<\/a> at Zamalek Theater under Zamalek Music Week.<\/p>\n<p><strong><a href=\"https:\/\/www.facebook.com\/events\/826962501527229\/898474437709368\/\">Karaoke the night away<\/a><\/strong><strong> at Garden City\u2019s Room Space<\/strong>\u2019s Karaoke Night which runs every Sunday from 8pm to 10pm.<\/p>\n<p><strong>If you\u2019re feeling theater tonight, head to Rawabet Art Space at 8pm <\/strong>to watch the Egyptian adaptation of Samuel Beckett\u2019s Waiting for Godot, <a href=\"https:\/\/www.facebook.com\/events\/1063756397537320\/1063756404203986\/?active_tab=about\">Waiting for Gadallah<\/a>, a tragicomedy play about human existence through the conversation and encounters of two of its main characters while waiting for Godot, who never arrives.<\/p>\n<p><strong>And if you\u2019re feeling artsy, head to AUC\u2019s Tahrir for <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/269196765402894\/269196785402892\/?active_tab=about\">\u201cReturns to Memory and Mythology\u201d<\/a><\/strong><strong> art exhibition<\/strong> by Liliane Karnouk at 7pm, where she tells the story of how an artist\u2019s connection with their art changes body and mind age.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>The story of how love is fragile:<\/strong> <a href=\"https:\/\/www.amazon.com\/Ends-Us-Novel-Colleen-Hoover\/dp\/1501110365\">It Ends With Us<\/a>, a touching romance novel by Colleen Hoover, that tells the story of Lily, a workaholic who finds complexity in love with neurosurgeon Ryle Kincaid, whose character proves difficult as their relationship blossoms. Kincaid makes an exception for his \u201cno dating\u201d rule for Lily, who in turn tries to better understand the neurosurgeon\u2019s character and how he became the way he is. But as Lily\u2019s questions about her relationship cloud her mind, she reminisces about her first love, who suddenly reappears and threatens the future of Lily\u2019s relationship with Kincaid. Hoover described the novel as the \u201c<a href=\"https:\/\/www.nydailynews.com\/life-style\/new-adult-author-colleen-hoover-releases-ends-article-1.2737116\">hardest book<\/a>\u201d she\u2019s ever written, as it is based on the relationship between her mother and father. The best-selling book\u2019s sequel is set for release this October.<\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545404\" 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=\"545404\">\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\/27\/market-roundup-on-27-march\/\">\r\n                            Market roundup on 27 March                        <\/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\/27\/market-roundup-on-27-march\/\" 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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Foreign investors were net sellers. The index is down 3.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>Sidi Kerir Petrochem (+4.5%), Heliopolis Housing (+1.9%) and AMOC (+1.4%).<\/p>\n<p><strong>In the red: <\/strong>GB Auto (-17.0%), MM Group (-16.0%) and Ezz Steel (-3.9%).<\/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\/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<div class=\"alignfull inside-industry vertical-section wide-section wp-block-group issue-section\" id=\"545405\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27470.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly look at the issues, trends, and policies that are shaping Egypt's manufacturing industries.                <\/p>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Sunday in EnterprisePM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/inside-industry\/\">\r\n                            Read Inside Industry                            \r\n                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">4<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/the-automotive-strategy-is-imminent-how-is-it-being-received-by-local-players\/\">  \r\n                            The automotive strategy is imminent. How is it being received by local players?<\/a>\r\n                        <\/h3>\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\/inside_industry\/the-automotive-strategy-is-imminent-how-is-it-being-received-by-local-players\/\" 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\/inside_industry\/the-automotive-strategy-is-imminent-how-is-it-being-received-by-local-players\/')\">\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\/inside_industry\/the-automotive-strategy-is-imminent-how-is-it-being-received-by-local-players\/\">\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=The automotive strategy is imminent. 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How do local players view it so<\/strong><strong> far?<\/strong> Earlier this month, the Madbouly cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a06d4ec-4025-490e-8842-45c8a9fe0d8a\">reviewed the latest version<\/a> of a new automotive strategy \u2014 which has been in the works for years and is expected to be unveiled imminently. The strategy, which was expected <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4340294c-0578-4130-b593-f6b84cd34a4f\">last year<\/a>, aims to increase local vehicle manufacturing and assembly and increase the sector\u2019s competitiveness to become a regional manufacturing hub and bolster export volume. The full details of the strategy \u2014 now formally named the Egyptian Automotive Industry Development Program (AIDP) \u2014 have yet to be announced, but cabinet gave a sneak peek on the specifics.<\/p>\n<p><strong>It\u2019s been a long time coming: <\/strong>The strategy has been on the government\u2019s to-do list since 2016 but was <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/30\/govt-plans-to-scrap-automotive-directive-and-will-replace-it-with-special-zones\/\">scrapped<\/a> in 2018 after it drew criticism from the EU for breaching the trade terms of the agreement to have <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/11\/has-the-eu-rejected-egypts-proposal-to-delay-delay-0-customs-duties-on-car-imports\/\">0% customs duties<\/a> on cars imported from the bloc. The government then began looking at a new program that was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6bd36341-d6ce-4392-a88a-095b88199fe2\">approved<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6bd36341-d6ce-4392-a88a-095b88199fe2\">by cabinet<\/a> in 2020, but was soon shelved again due to the pandemic.<\/p>\n<p><strong>As the details trickle out, what are auto players hoping to see in the AIDP? <\/strong>Executives in the automotive industry we spoke with want to see incentives that make the sector more competitive, such as tax and customs breaks, as well as measures to support local component manufacturing and pave the way for local EV manufacturing. And they all agree that the strategy is critical to making local manufacturing and competitive assembly a reality.<\/p>\n<p><strong>Industry players are broadly optimistic that these issues will be addressed in the strategy<\/strong>, based on what information we know so far. But as the specifics are yet to be determined, most are adopting a wait-and-see approach.<\/p>\n<p><strong>For starters, the government wants automakers to gradually meet a 45% local component quota \u2014 but this is redundant for some and too ambitious for others.<\/strong> Several players already surpass the 45% local component quota with some car models. Currently, around half of GB Auto\u2019s sales come from completely knocked down (CKD) vehicles, which are assembled in Egypt and should qualify under the strategy, GB Auto\u2019s Investor Relations Head Marina Kamal told Enterprise. On the other hand, Elsaba Group Vice President Alaa Elsaba told us he thinks this quota is expecting too much in too little time.<\/p>\n<p><strong>Introducing a tiered incentive benefit system would encourage companies to do more<\/strong>, Khaled Saad, head of the Egyptian Association of Automobile Manufacturers and the deputy general director of Bavarian Auto Group, told us. An important pillar is to introduce incentives that are <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/30\/cabinet-approves-final-customs-package-for-car-makers\/\">split into different tiers<\/a> according to the percentage of local content used in the vehicle\u2019s production, Kamal said. However, it\u2019s unclear at this point what the brackets would look like and what incentives they would entail, she added.<\/p>\n<p><strong>The strategy needs to allow for fair competition when it comes to imports:<\/strong> As it currently stands, imported European cars are around 3% cheaper than cars assembled in Egypt, because of taxes and customs tariffs, Abou Ghaly Group COO Tamer Kotb told Enterprise. For every imported component, manufacturers pay customs duties and VAT, Al Amal Auto Group Chairman Amr Sulaiman explained. After the car is assembled and sold, additional taxes are paid on the sale.<\/p>\n<p><strong>This seems a likely scenario: <\/strong>The strategy will introduce a tariff system that should facilitate customs release procedures for participating firms, which Kotb says could mean that auto companies will receive bonuses or incentives on imported vehicle kits and components to buy them at lower prices.<\/p>\n<p><strong>The \u2018how\u2019 is yet to be determined: <\/strong>One possible route is a points system that manufacturers and assemblers can use to import components, but the government is still assessing the value of these points and how to redeem them, our sources tell us. In the future, auto players could also sell their points to other manufacturers if they have a surplus, Kotb added. Further export-based incentives \u2014 such as direct subsidies, direct paybacks, low-cost loans, or tax exemption on income from exports and international advertising \u2014 proportionate to local component input could also be introduced, Kamal poses.<\/p>\n<p><strong>And we need our local components to be up to par \u2014 and competitive:<\/strong> The components sector needs more regulation to ensure quality products, which could be enforced by requiring feeders to hold certificates such as ISO, Kotb said. It\u2019s less costly to use imported components than local ones due to the higher cost of domestic components, Saad said. The biggest gap in previous automotive strategies is support of component manufacturing industries, Saad and Sulaiman told us. That looks set to change as the strategy indicates component manufacturers will get support, although the details there are scant. Support could include tax incentives or easier access to capital through bank loans or the like, Kotb believes.<\/p>\n<p><strong>Especially since foreign auto companies will need to ensure locally manufactured cars are up to global standards before they can be exported<\/strong>, Kotb explains. Meanwhile, the government could specify a minimum component requirement for auto companies to be eligible to export abroad, possibly 60%, he added.<\/p>\n<p><strong>Auto execs are also hoping to see the strategy include tax restructuring: <\/strong>All our sources agreed that taxes need to be restructured to reduce costs across the value chain while also streamlining procedures. \u201cThe government should allow us to pay all the taxes at once \u2014 the same way vehicle importers do \u2014 instead of being burdened with them at every step of the process,\u201d Saad said. Meanwhile, tax exemptions or reductions on VAT, income tax, or corporate tax can be applied to auto firms and component manufacturers, Kamal posed.<\/p>\n<p><strong>A more long-term approach to the strategy could also include procedural incentives<\/strong>, including decreasing licensing fees from the traffic department, providing subsidized financing for capex investments, and offering capex refunds for new plants, Kamal said.<\/p>\n<p><strong>Meanwhile, automakers are hoping for a clear path for local EV manufacturing in the strategy<\/strong>, which they stress is essential to keep Egypt competitive amid the <a href=\"https:\/\/edition.cnn.com\/interactive\/2019\/08\/business\/electric-cars-audi-volkswagen-tesla\/\">strong global push<\/a>. \u201cThere\u2019s huge potential for Egypt to establish itself in the EV scene as operations start from scratch,\u201d Saad said.<\/p>\n<p><strong>But the infrastructure isn\u2019t ready for EVs yet<\/strong>, the auto players agree. Even with the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2dd65fe-9507-4ee7-90cc-f2e4a53a5da5\">EV infrastructure push<\/a>, charging stations are not widespread geographically enough to make them practical for Egyptian drivers.<\/p>\n<p><strong>Consumers are being handed incentives to purchase EVs: <\/strong>AIDP will provide incentives of up to EGP 50k for buyers of locally-assembled electric vehicles, the statement indicated.<\/p>\n<p><strong>But they may not be enough: <\/strong>EVs are generally more expensive than fossil-fuel cars and the government has not introduced large enough incentives to make the trade-off lucrative for the consumer, Elsaba said. This is particularly important to consider in light of recently-issued <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/66509308-341b-4853-888f-b5d22d3cc8ce\">EV charging tariffs<\/a>, which would make the cost\/benefit analysis for buying an EV lacking in motivation, Sulaiman added.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top industrial development stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Bakery chain TBS <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30ea09b8-4c5c-4483-a92d-9ba383306270\">is looking to spend<\/a><\/strong><strong> EGP 500 mn to add a new production line at its factory<\/strong> that will allow the company to double its annual sales to EGP 1 bn.<\/li>\n<li><strong>Manufacturers don\u2019t want to add expiration dates to products: <\/strong>Manufacturers want the Consumer Protection Agency <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a740123-7756-4617-bfa7-e6d170fdde67\">to reconsider<\/a> its recent decision requiring companies to include expiration dates on product labels from May.<\/li>\n<li><strong>Another green ammonia plant in the SCZone? <\/strong>France\u2019s EDF Renewables and Egypt\u2019s ZeroWaste are one of six international consortiums <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a9b452cf-ef0b-4007-9496-4035a23bf814\">currently in talks<\/a> with the SCZone to establish a USD 1 bn green ammonia plant that would produce green fuel for ships.<\/li>\n<\/ul>\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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-directive\/\">Automotive Directive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"545407\" 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\/27\/545407\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545407\" class=\"content-area-description single-story post-545407 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>30 March (Wednesday): The Angola-Egypt Investment Roundtable <a href=\"https:\/\/ent.news\/2022\/3\/AFX_-ANGOLA-EGYPT-Invite.pdf\">discussion (pdf)<\/a>, the Hilton Cairo Heliopolis Hotel.<\/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>11 April (Monday): The <a href=\"https:\/\/news.sky.com\/story\/chelsea-fc-sale-bidders-given-april-11-deadline-for-final-shootout-12576109\">deadline<\/a> to submit <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b12849b8-87fa-4c28-b047-5da12dbda770\">bids<\/a> for Chelsea FC.<\/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>21 April (Thursday): EGX-listed Taaleem <a href=\"https:\/\/ent.news\/2022\/3\/Taaleem-general-meeting-April.pdf\">will hold<\/a> an extraordinary general assembly to discuss the mechanism to build and own nonprofit and private universities.<\/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":545397,"template":"","categories":[],"tags":[],"class_list":["post-545396","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ba9c9377-ba8d-4c51-ac15-bb28fea621af","teaser":"","photo_url":"https:\/\/ent.news\/2022\/3\/565.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>Inside Industry: What automotive players want to see from the Madbouly Cabine\u2019s new automotive strategy - 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\/inside-industry-what-automotive-players-want-to-see-from-the-madbouly-cabines-new-automotive-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inside Industry: What automotive players want to see from the Madbouly Cabine\u2019s new automotive strategy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/inside-industry-what-automotive-players-want-to-see-from-the-madbouly-cabines-new-automotive-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T21:02:57+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\/565.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\/inside-industry-what-automotive-players-want-to-see-from-the-madbouly-cabines-new-automotive-strategy\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/inside-industry-what-automotive-players-want-to-see-from-the-madbouly-cabines-new-automotive-strategy\/\",\"name\":\"Inside Industry: What automotive players want to see from the Madbouly Cabine\u2019s new automotive strategy - 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