{"id":550534,"date":"2022-04-05T13:18:59","date_gmt":"2022-04-05T13:18:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=550534"},"modified":"2025-12-15T23:03:29","modified_gmt":"2025-12-15T23:03:29","slug":"sanctions-against-russian-coal-coming","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/sanctions-against-russian-coal-coming\/","title":{"rendered":"Sanctions against Russian coal coming?"},"content":{"rendered":"<section id=\"550536\" 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=\"550536\">\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\/04\/05\/this-evening-pmi-reading-sees-sharpest-decline-in-21-months-russian-coal-could-be-the-next-target-of-eu-sanctions\/\">\r\n                            THIS EVENING: PMI reading sees sharpest decline in 21 months + Russian coal could be the next target of EU sanctions                        <\/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\/04\/05\/this-evening-pmi-reading-sees-sharpest-decline-in-21-months-russian-coal-could-be-the-next-target-of-eu-sanctions\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/this-evening-pmi-reading-sees-sharpest-decline-in-21-months-russian-coal-could-be-the-next-target-of-eu-sanctions\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/this-evening-pmi-reading-sees-sharpest-decline-in-21-months-russian-coal-could-be-the-next-target-of-eu-sanctions\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: PMI reading sees sharpest decline in 21 months + Russian coal could be the next target of EU sanctions&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/this-evening-pmi-reading-sees-sharpest-decline-in-21-months-russian-coal-could-be-the-next-target-of-eu-sanctions\/\">\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\/04\/05\/this-evening-pmi-reading-sees-sharpest-decline-in-21-months-russian-coal-could-be-the-next-target-of-eu-sanctions\/&title=THIS EVENING: PMI reading sees sharpest decline in 21 months + Russian coal could be the next target of EU sanctions\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+PMI+reading+sees+sharpest+decline+in+21+months+%2B+Russian+coal+could+be+the+next+target+of+EU+sanctions+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F05%2Fthis-evening-pmi-reading-sees-sharpest-decline-in-21-months-russian-coal-could-be-the-next-target-of-eu-sanctions%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\/04\/05\/this-evening-pmi-reading-sees-sharpest-decline-in-21-months-russian-coal-could-be-the-next-target-of-eu-sanctions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550536\" class=\"content-area-description single-story post-550536 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-coal tag-energy tag-enterprisepm tag-pmi tag-russia-ukraine-war tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, ladies and gentlemen. <\/strong>We\u2019ve successfully made it through half of our first Ramadan workweek, so give yourself a pat on the back.<\/p>\n<p><strong>SO, WHEN DO WE EAT?<\/strong> You\u2019ll be breaking your fast at 6:16pm CLT this evening in the capital city, and fajr prayers are at 4:10am.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Non-oil business activity saw its sharpest decline in 21 months in March<\/strong> as the effects of the Russia-Ukraine war began to take their toll on business confidence and demand, according to S&P Global\u2019s <a href=\"https:\/\/ent.news\/2022\/4\/PMI-March-2022.pdf\">purchasing managers\u2019 index (PMI) survey (pdf)<\/a>. Cost burdens and suppressed demand pushed the gauge down to 46.5 in March from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/124abd35-26de-4a5e-a7bc-32ac6905fc1f\">48.1 in February<\/a>, falling for the sixteenth consecutive month further below the 50.0 mark that separates expansion from contraction.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Giza Systems board nods to STC takeover:<\/strong> A subsidiary of Saudi Telecom (STC) is on course to take an 89.5% stake in Giza Systems, after the board of the Egyptian systems integrator <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/47c3ee87-0c02-4dfb-ba4c-1d3c529a1de9\">accepted its bid<\/a>.<\/li>\n<li><strong>Our strategic wheat reserves have taken a dip:<\/strong> Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d4959ef4-a9f1-4ae3-8354-83e891ebea97\">currently has enough wheat<\/a> to cover the next 2.6 months\u2019 worth of consumption, down from the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/19cdf00e-f36b-465c-8115-096d9196dcfc\">four-month<\/a> figure announced by the government in early March.<\/li>\n<li><strong>Arab League wants to mediate a ceasefire in Russia-Ukraine war:<\/strong> An Arab League delegation including Foreign Minister Shoukry has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15aa12b7-e166-43be-af4d-0b5d674bdd98\">offered to mediate<\/a> ceasefire talks between Russia and Ukraine and work out a number of confidence-building measures.<\/li>\n<\/ul>\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>EU sanctions against Russia are about to hit coal<\/strong>, with the bloc expected to announce a \u201cmandatory phaseout\u201d of Russian coal imports in response to allegations that Moscow has committed war crimes in Ukraine, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-05\/eu-to-propose-banning-coal-imports-from-russia-after-atrocities?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports, citing people it says have knowledge of the matter. Germany, which has been resisting imposing sanctions on Russian energy as Europe grapples with energy shortages, is now \u201cready to consider the move,\u201d the business information service reports.<\/p>\n<p><strong>The announcement (expectedly) pushed up coal prices, with futures hitting a three-week<\/strong><strong> high<\/strong>, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-05\/european-coal-jumps-as-eu-eyes-sanctions-on-russian-coal?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. Coal markets are already tight without eliminating supplies from Russia, which is the world\u2019s third-largest thermal coal exporter.<\/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>Expect movement on fuel prices this week or the next:<\/strong> The government\u2019s fuel pricing committee is due to have its quarterly meeting at the beginning of this month, when it will likely opt to hike prices in 2Q for the fifth time in less than a year. The committee <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fee97989-84a3-4a9c-9ceb-ed67e0f1d174\">increased prices<\/a> of 80, 92 and 95-octane by EGP 0.25 when it last met in February in response to rising international prices, and since then, the war in Ukraine has sent Brent up another 15% past USD 107 a barrel. Prices at the pump have risen by up to 16% since April last year.<\/p>\n<p><strong>ALSO THIS WEEK AND NEXT-<\/strong><\/p>\n<ul>\n<li><strong>Foreign reserves: <\/strong>March\u2019s foreign reserves figures will be announced some time this week;<\/li>\n<li><strong>Inflation figures<\/strong> for March are expected on Sunday, 10 April.<\/li>\n<\/ul>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect the mercury to rise to 39\u00b0C during the day tomorrow before falling to 19\u00b0C at night, our favorite weather app tells us.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/coal\/\">coal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/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\/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=\"550537\" 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                            \"\r\n            id=\"550537\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/550537\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550537\" class=\"content-area-description single-story post-550537 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.youtube.com\/watch?v=FSREsx3Cnhw\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/Abu-auf-1600.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>We know mood isn\u2019t just one thing. But it\u2019s everything. Set the mood this Ramadan, and every occasion, with our new seasonal selection range, or mix and match from our products to create your own gift box for your loved ones. Visit <a href=\"https:\/\/www.abuauf.com\/product-category\/GiftsSection-2000\">abuauf.com<\/a> and set the mood today \u2026 and everyday.<\/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<section id=\"550538\" 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=\"550538\">\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\/04\/05\/wash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay\/\">\r\n                            \u201cWash trading\u201d is the latest trend to take hold in NFTs + Covid-19 was a boon for CEO pay                        <\/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\/04\/05\/wash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/wash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/wash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay\/\">\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=\u201cWash trading\u201d is the latest trend to take hold in NFTs + Covid-19 was a boon for CEO pay&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/wash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay\/\">\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\/04\/05\/wash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay\/&title=\u201cWash trading\u201d is the latest trend to take hold in NFTs + Covid-19 was a boon for CEO pay\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=%E2%80%9CWash+trading%E2%80%9D+is+the+latest+trend+to+take+hold+in+NFTs+%2B+Covid-19+was+a+boon+for+CEO+pay+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F05%2Fwash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay%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\/04\/05\/wash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/438.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550539\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/wash-trading-is-the-latest-trend-to-take-hold-in-nfts-covid-19-was-a-boon-for-ceo-pay\/438-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/438.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"438.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/438.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/438.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550538\" class=\"content-area-description single-story post-550538 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-covid-19 tag-enterprisepm tag-for-your-commute tag-moderna tag-nfts tag-pfizer 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>People are buying their own NFTs to earn more rewards, not drive up NFT prices: <\/strong>The gray areas in crypto continue to rattle regulators, with \u201cwash trading\u201d becoming the latest trend on LooksRare, the hottest new NFT marketplace, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-05\/hottest-nft-marketplace-is-mostly-users-selling-to-themselves\">Bloomberg<\/a> reports. Wash trading is when traders simultaneously sell and buy the same asset to create misleading activity in the marketplace. Some USD 18 bn of the trading volume \u2014 about 95% of the total activity \u2014 on LooksRare is actually people selling themselves their own NFTs, according to data compiled by NFT tracker CryptoSlam. But rather than doing it to inflate the value of their digital assets, the sales are done to earn new tokens on the marketplace, the business wire says.<\/p>\n<p><strong>The sales have helped mask a drop in NFT demand:<\/strong> LooksRare\u2019s high trading volumes have effectively hid the cooling of demand in the NFT market. Total sales on OpenSea, the first and largest NFT marketplace, have been declining every month since January, according to data from Dune Analytics. Trading volume has decreased 67% in the last 30 days and the number of traders is down 23%, according to data from DappRadar.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The successful rollout of covid-19 vaccines was good news for the general public<\/strong><strong> \u2014 but even more for the pockets of CEOs\u2019 pockets:<\/strong> The top execs at Pfizer, BioNTech, and Moderna earned north of USD 100 mn between them during the pandemic, with their combined remuneration rising to USD 107.2 mn in 2020-2021, up from USD 103.7 mn in the preceding two years, <a href=\"https:\/\/www.ft.com\/content\/dc823d0e-9871-4c71-8651-377d0dac9d77\">the Financial Times<\/a> reports, citing data group Airfinity. The salary bumps came as the three companies rolled out successful covid-19 mRNA vaccines and other treatments, which also bode well for the companies\u2019 stock prices: Pfizer is up 60% over the past two years, while the value of BioNTech and Moderna\u2019s shares boomed 3x and 5x, respectively.<\/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\/covid-19\/\">covid-19<\/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\/moderna\/\">Moderna<\/a>\n         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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=\"550541\">\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\/04\/05\/al-ekhteyar-season-3-al-basmoola-returns-to-tbs-plus-how-to-reach-wholeness-by-breaking-away-from-a-limitations-mindset\/\">\r\n                            Al Ekhteyar season 3 + Al Basmoola returns to TBS. Plus: How to reach wholeness by breaking away from a limitations mindset                        <\/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\/04\/05\/al-ekhteyar-season-3-al-basmoola-returns-to-tbs-plus-how-to-reach-wholeness-by-breaking-away-from-a-limitations-mindset\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/al-ekhteyar-season-3-al-basmoola-returns-to-tbs-plus-how-to-reach-wholeness-by-breaking-away-from-a-limitations-mindset\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/al-ekhteyar-season-3-al-basmoola-returns-to-tbs-plus-how-to-reach-wholeness-by-breaking-away-from-a-limitations-mindset\/\">\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=Al Ekhteyar season 3 + Al Basmoola returns to TBS. 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In the first on-screen drama portrayal of President Abdel Fattah El Sisi (played by Yasser Galal, with incredible character accuracy), the show focuses on the decisions the Armed Forces faced in the face of growing public discontent with the Ikhwani government, eventually leading to mass protests demanding their departure. The first couple of episodes have mainly focused on introducing us to key players: Ikhwani leader Khairat El Shater (played by Khaled El Sawy), Morsi (played by Sabry Fawaz), Supreme Leader Mohamed Badie (Abdel Azizi Makhyoun), and Field Marshal Hussein Tantawy (Ahmed Bedier). Actor Karim Abdel Aziz returns this season as a national security officer, while Ahmed Ezz and Ahmed El Sakka are cast as a general intelligence officer and military intelligence officer. You can catch the trailer here (<a href=\"https:\/\/www.facebook.com\/watch\/?ref=external&v=366084638730731\">runtime: 1:44<\/a>)<\/p>\n<p>\u26bd <strong>It\u2019s a simple yet exciting football fix tonight<\/strong>, as the quarter final of the UEFA Champions League kicks off with two games at 9pm: Benfica v Liverpool + Manchester City v Atletico Madrid.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The comeback of <\/strong><strong><a href=\"http:\/\/www.tbsfresh.com\/\">TBS<\/a><\/strong><strong> trademark \u2014 and a favorite here at Enterprise \u2014 Al<\/strong><strong> Basmoola:<\/strong> This delicacy just keeps getting better and better every season. The mix of Syrian maa\u2019moul and Egyptian basbousa is just as heavenly as we remembered, with TBS maintaining flavors of Lotus, Nutella, and rice pudding, or even a mix of Lotus and Nutella on its original creation. TBS has also rolled out a new dessert dish \u2014 Tres\u00fct \u2014 a vanilla cake soaked in three milk mixtures (torta tres leches) and topped with their milk and chocolate konafa croquant with your selection of toppings of dates and pistachio, Nutella and hazelnut, or Lotus and almond.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>Meganio Samir is singing the tunes of Lebanese soprano singer Magda El Roumi<\/strong> in a performance conducted by Youssef Moanis at New Cairo\u2019s <a href=\"https:\/\/www.facebook.com\/events\/537704294337039?ref=newsfeed\">Room Art Space & Cafe<\/a>at 9pm.<\/p>\n<p><strong>You can still catch some art exhibitions today for inspiration:<\/strong> <a href=\"https:\/\/www.facebook.com\/events\/1121217391768614\/1121217418435278\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22search_results%22%2C%22surface%22%3A%22search%22%7D]%2C%22ref_notif_type%22%3Anull%7D\">Aya Mostafa\u2019s Merry Go Round<\/a> and <a href=\"https:\/\/www.facebook.com\/Ubuntuartgallery\/posts\/5375266129186265\">Nevine Farghaly\u2019s With Love<\/a> at Ubuntu Art Gallery until 8pm. And some more: Art exhibition <a href=\"https:\/\/www.facebook.com\/MashrabiaGalleryofContemporaryArt\/posts\/963402997649480\">Quartets Salah Jahin by Syrian artist Youssef Abdelk\u00e9<\/a> at Mashrabia Gallery of Contemporary Art runs in Ramadan everyday till 8pm.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.amazon.com\/Abundance-Wealth-Deepak-Chopra-MD\/dp\/0593233794\">Abundance: The Inner Path to Wealth<\/a><\/strong><strong> by New York Times bestselling author<\/strong><strong> Deepak Chopra <\/strong>is an engaging guide on how to reach success and wholeness through breaking away from a mindset of limitations. It offers practical advice to readers on tapping awareness to lead change in their own lives. Chopra guides readers through the journey with a seven-step plan and meditation techniques to guide your attention and energy towards peace, insight and creativity.<\/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                            <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=\"550543\" 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=\"550543\">\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\/04\/05\/market-roundup-on-5-april-2022\/\">\r\n                            Market roundup on 5 April 2022                        <\/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\/04\/05\/market-roundup-on-5-april-2022\/\" 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 4.8% YTD.<\/p>\n<p><strong>In the green: <\/strong>Fawry (+4.4%), EFG Hermes (+4.3%) and Ezz Steel (+1.4%).<\/p>\n<p><strong>In the red: <\/strong>EKH (-4.3%), Palm Hills (-3.7%) and Elsewedy Electric (-3.5%).<\/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<section id=\"550544\" 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=\"550544\">\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\">Founder of the Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/meet-our-founder-of-the-week-mozare3s-hussein-abo-bakr\/\">\r\n                            Meet our founder of the week: Mozare3\u2019s Hussein Abo Bakr                        <\/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\/04\/05\/meet-our-founder-of-the-week-mozare3s-hussein-abo-bakr\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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I started working in my family\u2019s business, <a href=\"https:\/\/eg.linkedin.com\/company\/fridaleg\">Fridal<\/a>, as an undergrad, scheduling classes so I could split my time between both worlds. In 2008, I founded my first startup, Fridal Wahat Herbs Farm, which was the first farm in Egypt to fully utilize solar-powered irrigation, and is currently the country\u2019s top exporter of herbs.<\/p>\n<p><strong>Mozare3, launched in 2021, is Egypt\u2019s first agri-fintech platform.<\/strong> We offer direct contract farming between corporations and Egyptian farmers, including digital invoices and deliveries. We also offer embedded finance, providing farmers with pesticides and fertilizers instead of money. Finally, we provide agronomy support teaching farmers how to produce high quality crops, through our app and contact center, and with visits to farms by our agricultural engineers. We plan to also offer non-agri assets \u2014 from cows to refrigerators \u2014 to those farmers who prove credible enough to expand.<\/p>\n<p><strong>We currently operate in 10 governorates, and our goal is to expand to five more by the end of the year.<\/strong> By 2023, we expect to be operating across the entire country. We serve around 3k farmers, and hope to grow that fourfold by the end of the year, and to reach 100k farmers in 2023. We\u2019re also looking to grow our corporate client base from seven to 25 this year, and then to 100 by the end of next year. We aim to cross EGP 1 bn in revenues by the end of 2023.<\/p>\n<p><strong>We plan to continue operating in Egypt exclusively for the next two years, given the huge demands in the local market. <\/strong>The next step for us would be to expand into Morocco and Sudan.<\/p>\n<p><strong>We\u2019re finalizing our series A funding round and expect to close in the very near future.<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/292ec52e-4b46-4fc0-911e-49e42f6997c7\">Mozare3 raised USD 1.1 mn in our pre-seed round<\/a>, and an additional USD 2 mn in a second round of financing. Our company\u2019s three institutional investors are Algebra Ventures, <a href=\"https:\/\/www.efgev.com\/\">EFG EV<\/a>, and <a href=\"https:\/\/www.disruptechventures.com\/\">Disruptech Ventures<\/a>, and we have six angel investors backing us as well.<\/p>\n<p><strong>My co-founders and I each brought something to the table when we decided to launch <\/strong><strong><a href=\"https:\/\/www.mozare3.net\/\">Mozare3<\/a><\/strong><strong>. <\/strong>I know the agribusiness market and have experience with farmers. <strong>Tamer El-Raghy<\/strong>, who handles fundraising at Mozare3, (<a href=\"https:\/\/www.linkedin.com\/in\/tamer-el-raghy-22b92b\/\">LinkedIn<\/a>) has a wealth of knowledge on all things agtech, and is managing director of <a href=\"https:\/\/arafund.com\/\">Acumen Resilient Agriculture Fund<\/a>. <strong>Mohamed Okasha<\/strong> (<a href=\"https:\/\/www.linkedin.com\/in\/mohamed-el-sayed-okasha-056b87a2\/?originalSubdomain=eg\">LinkedIn<\/a>), who is responsible for building our fintech products at Mozare3, is the managing partner at <a href=\"https:\/\/www.disruptechventures.com\/\">Disruptech Ventures<\/a> and has immense experience in management, and great insights on who to connect with in the industry.<\/p>\n<p><strong>The most important KPIs I focus on are <\/strong>contracts signed with customers, successful deliveries from farmers to clients, the percentage of produce that passes quality standards, gross margin per contract, and the satisfaction level of both farmers and corporate clients.<\/p>\n<p><strong>I believe in the value investors can bring to the table from day one. <\/strong>My first two startups started off as bootstrapped businesses. For my second, <a href=\"https:\/\/www.plantformagri.com\/\">Plantform Agribusiness<\/a>, I got private equity firm <a href=\"http:\/\/tanmiyaventures.com\/\">Tanmeya Capital Ventures<\/a> on board a year after I started. This made me realize how vital it is to have investors on your side.<\/p>\n<p><strong>Mozare3 is not a typical startup, in that we had investors, customers, farmers, revenues, and an operational team from the get-go. <\/strong>Because we had the right connections, a business model predetermined years in advance, and enough investment, we hit the ground running. A few years ago, the market wasn\u2019t ready for an agri-fintech company. When the fintech market matured in Egypt, we felt that the agtech \/ agri-fintech market became ripe for growth and it was the right time to launch.<\/p>\n<p><strong>I don\u2019t think I had to make sacrifices to focus on my journey as a startup founder; I would prefer to say that I had to pick my priorities.<\/strong> I had to shift my career to focus on my new ventures, and allocate my personal wealth and time to them. Of course, I did have to give up a lot of family time to focus on my startups.<\/p>\n<p><strong>The best part of my job is seeing the impact we\u2019re having on people<\/strong>, from farmers to industry workers and agricultural engineers. I also love the fact that our team members join Mozare3 because they believe in the work we\u2019re doing. It\u2019s always reassuring to see the team as enthused as I am about Mozare3\u2019s tremendous social impact.<\/p>\n<p><strong>The worst part of the job is managing expectations. <\/strong>Because Mozare3 is a market leader when it comes to agtech, stakeholders, the team, and the public in general sometimes have unrealistic expectations. They want us to solve problems that have been around for hundreds of years and often forget that we\u2019re still a small startup [laughs]. Yes, we have potential, but we still need help.<\/p>\n<p><strong>I know a lot of entrepreneurs say that the founder\u2019s journey is a lonely one, but I don\u2019t quite agree. <\/strong>If you\u2019re feeling alone, that may be because you\u2019re not integrating the right people in your journey. Your co-founders, investors, and even your family can always help share your burden. I can understand feeling like you\u2019re the most invested person in the success of the business. That\u2019s normal \u2014 as a founder, you stand to gain the most from the prosperity of the business, so don\u2019t expect anyone else to be as invested as you are.<\/p>\n<p><strong>It\u2019s hard for me to pick an exit strategy for Mozare3 because of the company\u2019s unique potential to boost Egyptian agricultural exports.<\/strong> Ideally, in the long term, I have a dream to democratize ownership of the company\u2019s shares, enabling farmers and all the vested stakeholders to own a piece of Mozare3. I think a cooperative structure would ensure Mozare3\u2019s longevity. Another great alternative would be a hybrid model that fuses a traditional IPO structure with that of a cooperative.<\/p>\n<p><strong>Startups that I think are really impactful and doing amazing work are solar player <\/strong><strong><a href=\"https:\/\/www.solarizegypt.com\/\">SolarizEgypt<\/a><\/strong><strong>, trucking startup <\/strong><strong><a href=\"https:\/\/naqla.xyz\/\">Naqla<\/a><\/strong><strong> and B2B logistics firm <\/strong><strong><a href=\"https:\/\/www.khazenly.com\/\">Khazenly<\/a><\/strong><strong>.<\/strong> We\u2019re hoping to work with all three at Mozare3.<\/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\/founder-of-the-week\/\">FOUNDER OF THE WEEK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mozare3\/\">Mozare3<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/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=\"550546\" 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\/04\/05\/550546\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550546\" class=\"content-area-description single-story post-550546 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><strong>OUR CALENDAR NOW APPEARS into two sections: <\/strong><\/p>\n<ul>\n<li><strong>Events with specific dates or months <\/strong>are right here up top<\/li>\n<li><strong>Events happening in a quarter or other range of time <\/strong>with no specific date \/ month appear at the bottom of the calendar<\/li>\n<\/ul>\n<p><strong>APRIL<\/strong><\/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>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>20 April (Wednesday): Deadline for listed companies and NBFIs to <a href=\"https:\/\/fra.gov.eg\/custompdfs\/2481616-2\/\">submit quarterly ESG reports<\/a>.<\/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>30 April (Saturday): Deadline to apply to the <a href=\"https:\/\/tatweermisr.com\/innovation-competition\">Tatweer Misr Innovation Competition<\/a>.<\/p>\n<p>Late April - 15 May: 1Q2022 earnings season<\/p>\n<p><strong>MAY<\/strong><\/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><strong>JUNE<\/strong><\/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>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><strong>JULY<\/strong><\/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><strong>AUGUST<\/strong><\/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 600 MW to be completed.<\/p>\n<p>18 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>SEPTEMBER<\/strong><\/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 interest rate meeting.<\/p>\n<p>22 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>OCTOBER<\/strong><\/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><strong>NOVEMBER<\/strong><\/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><strong>DECEMBER<\/strong><\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>JANUARY 2023<\/strong><\/p>\n<p>January 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>EVENTS WITH NO SET DATE <\/strong><\/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>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>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>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish above between the actual holiday and its observance.<\/p>\n\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":550535,"template":"","categories":[],"tags":[],"class_list":["post-550534","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"60b675cb-830d-408f-8401-e42c86fb3a72","teaser":"","photo_url":"https:\/\/ent.news\/2022\/4\/42.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>Sanctions against Russian coal coming? - 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\/sanctions-against-russian-coal-coming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sanctions against Russian coal coming?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/sanctions-against-russian-coal-coming\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:03:29+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/42.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\/sanctions-against-russian-coal-coming\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/sanctions-against-russian-coal-coming\/\",\"name\":\"Sanctions against Russian coal coming? 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