{"id":550573,"date":"2022-04-07T13:23:15","date_gmt":"2022-04-07T13:23:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=550573"},"modified":"2025-12-15T23:04:20","modified_gmt":"2025-12-15T23:04:20","slug":"a-slow-news-day-to-round-out-the-week","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/","title":{"rendered":"A slow news day to round out the week"},"content":{"rendered":"<section id=\"550575\" 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=\"550575\">\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\/07\/this-evening-egypt-receives-1-5-mn-pfizer-vaccines-from-us-russia-ukraine-diplomacy-is-all-over-the-news\/\">\r\n                            THIS EVENING: Egypt receives 1.5 mn Pfizer vaccines from US + Russia-Ukraine diplomacy is all over the news                        <\/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\/07\/this-evening-egypt-receives-1-5-mn-pfizer-vaccines-from-us-russia-ukraine-diplomacy-is-all-over-the-news\/\" 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\/07\/this-evening-egypt-receives-1-5-mn-pfizer-vaccines-from-us-russia-ukraine-diplomacy-is-all-over-the-news\/')\">\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\/07\/this-evening-egypt-receives-1-5-mn-pfizer-vaccines-from-us-russia-ukraine-diplomacy-is-all-over-the-news\/\">\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: Egypt receives 1.5 mn Pfizer vaccines from US + Russia-Ukraine diplomacy is all over the news&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/this-evening-egypt-receives-1-5-mn-pfizer-vaccines-from-us-russia-ukraine-diplomacy-is-all-over-the-news\/\">\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\/07\/this-evening-egypt-receives-1-5-mn-pfizer-vaccines-from-us-russia-ukraine-diplomacy-is-all-over-the-news\/&title=THIS EVENING: Egypt receives 1.5 mn Pfizer vaccines from US + Russia-Ukraine diplomacy is all over the news\">\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+Egypt+receives+1.5+mn+Pfizer+vaccines+from+US+%2B+Russia-Ukraine+diplomacy+is+all+over+the+news+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F07%2Fthis-evening-egypt-receives-1-5-mn-pfizer-vaccines-from-us-russia-ukraine-diplomacy-is-all-over-the-news%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\/07\/this-evening-egypt-receives-1-5-mn-pfizer-vaccines-from-us-russia-ukraine-diplomacy-is-all-over-the-news\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550575\" class=\"content-area-description single-story post-550575 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-covid-19 tag-enterprisepm tag-google tag-pfizer 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>Well, friends, we made it through the first full workweek of Ramadan.<\/strong> We can\u2019t say it was a breeze, but here\u2019s to hoping our routine will help us push through the rest of the month.<\/p>\n<p><strong>Proof that we haven\u2019t quite adjusted to our lack of caffeine in the morning:<\/strong> We incorrectly said in this morning\u2019s EnterpriseAM that Eid Al Fitr will fall on 3-5 May. Depending on whether Ramadan is 29 or 30 days long this year, Eid will be either 1-3 or 2-4 May. H\/t Davide C.<\/p>\n<p><strong>SO, WHEN DO WE EAT?<\/strong> You\u2019ll be breaking your fast at 6:17pm CLT this evening in the capital city. Fajr prayers are at 4:08am tomorrow morning.<\/p>\n<hr class=\"grey-line\">\n<p><strong>PSA:<\/strong><strong> Your data might have been compromised through some Google Play Store<\/strong><strong> apps: <\/strong>Google has removed dozens of apps from its Play store after researchers discovered they hold spyware that collects user data, <a href=\"https:\/\/www.wsj.com\/articles\/apps-with-hidden-data-harvesting-software-are-banned-by-google-11649261181?mod=Searchresults_pos1&page=1\">the Wall Street Journal<\/a> reports, citing findings from a Panama-based company with ties to US national security agencies, which wrote the code. The data harvesting software has been found in over a dozen apps, including Muslim prayer apps Al-Moazin Lite and Qibla Compass. It was downloaded on at least 60 mn mobile phones, according to researchers. A Google spokesman said the apps were removed for collecting data outside the rules of Google, adding that the apps could return to the app store if the software was removed.<\/p>\n<p><strong>THE BIG(ish) STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>How slow of a news day is it?<\/strong> Slow enough that the biggest story on the homefront so far is the US delivering 1.5 mn Pfizer vaccines to Egypt, bringing Washington\u2019s total vaccine shipments to Cairo to 25 mn doses, according to a <a href=\"https:\/\/eg.usembassy.gov\/the-united-states-provides-1-5-million-additional-doses-of-pfizers-coronavirus-vaccine-to-egypt\/%5C\">statement<\/a> from the US Embassy in Egypt. Over 32.5 mn people have been fully vaccinated in the country, and more than 2 mn have had their boosters, according to the most recent Health Ministry <a href=\"https:\/\/www.facebook.com\/photo\/?fbid=302667878711100&set=a.113299807647909\">data<\/a>.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>The global press is focused today on the diplomacy side of the Russia-Ukraine war<\/strong>, as Ukraine continues to lobby the West to <a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-seeks-ruinous-sanctions-russia-amid-european-hesitancy-2022-04-06\/\">impose harsher sanctions<\/a> and <a href=\"https:\/\/www.ft.com\/content\/35c35c0a-b625-4ee9-915e-616d82ff020f\">supply Kyiv with more weapons<\/a>. Ukrainian Volodymyr Zelensky issued new pleas to the international community ahead of a NATO meeting in Brussels today, which Ukraine will attend. Meanwhile, US Treasury Secretary Janet Yellen urged expelling Russia from the G20, saying that Washington would skip the G20\u2019s upcoming meeting of finance ministers and central bank governors on 20 April if Moscow officials attend, according to <a href=\"https:\/\/www.reuters.com\/world\/yellen-says-russia-should-be-expelled-g20-us-may-boycott-some-meetings-2022-04-06\/\">Reuters<\/a>.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>A cooperation protocol signed yesterday could be a first step toward making it more attractive for VC firms to directly invest in Egypt:<\/strong> Three key regulators have agreed to work together to make it easier for both local and international VCs to invest in Egyptian startups. On board are the General Authority for Investment and Freezones, the Financial Regulatory Authority, and the Information Technology Industry Development Agency.<\/li>\n<li><strong>Coffee with Shift EV:<\/strong> Electric mobility startup Shift EV has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebabfac3-5776-44ff-a69d-0351d5e169ba\">closed a total<\/a> of USD 9 mn in funding, putting it on the road to transform the EV landscape not just in Egypt, but across emerging markets with home-grown battery technology. Cairo-based Shift\u2019s series A round was joined by existing investors Union Square Ventures, Algebra Ventures, and Wamda as well as first-time investor Oman Technology Fund.<\/li>\n<li><strong>GLT Express steps into Egypt with local acquisition: <\/strong>Saudi logistics company <a href=\"https:\/\/gltmena.com\/\">GLT Express<\/a> has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/494af63e-d26f-40b0-97da-6f0434375144\">made Egypt its first expansion<\/a> destination outside the Kingdom, acquiring <a href=\"https:\/\/www.facebook.com\/Gallopxpress\/\">Gallop Express<\/a> for an undisclosed sum.<\/li>\n<\/ul>\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>Last chance for brokerages to join the new securities federation: <\/strong>The Financial Regulatory Authority is again extending the deadline for brokerage firms, asset managers and financial advisors to sign up to the <strong><a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/\">Egyptian Securities Federation<\/a><\/strong> to <strong>18 September<\/strong>, ahead of the convening of its first general assembly, according to <a href=\"https:\/\/bit.ly\/3NQxFt6\">Al Borsa<\/a>. The regulator said this would be the last time the deadline is extended. The federation has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44edb945-4040-4d7f-83e7-7dd1972a7eac\">struggled to attract members<\/a> since it was launched in 2019. Membership is mandatory only for new firms.<\/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. If it does so, it would be 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 yet again, with a barrel of the stuff going for almost USD 103 at dispatch time this morning. 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 in the next few days;<\/li>\n<li><strong>Inflation figures<\/strong> for March are expected on Sunday, 10 April.<\/li>\n<\/ul>\n<p><strong>Companies have just under two weeks to file their first quarterly ESG compliance report:<\/strong> Listed firms and non-bank financial services companies need to submit their first quarterly ESG report by 20 April, the Financial Regulatory Authority (FRA)<a href=\"https:\/\/fra.gov.eg\/custompdfs\/2481616-2\/\"><\/a><a href=\"https:\/\/fra.gov.eg\/custompdfs\/2481616-2\/\">announced<\/a> last week. The regulator is making it mandatory for corporates to publicly disclose their performance on key environmental, social and governance metrics each year when they submit their annual financial statements, starting 2023. <strong>Reach out to <\/strong><strong><a href=\"mailto:mtaalab@inktankir.com\">Moustafa Taalab at InkankIR<\/a><\/strong><strong>, our parent company, if you need some help.<\/strong><\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>The temperature is going down to more tolerable levels this weekend: Expect daytime highs of 30-32\u00b0C over the weekend while nighttime lows will reach 14\u00b0C, 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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/google\/\">Google<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/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=\"550576\" 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=\"550576\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/550576\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550576\" class=\"content-area-description single-story post-550576 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 decoding=\"async\" data-recalc-dims=\"1\" 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=\"550577\" 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=\"550577\">\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\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/\">\r\n                            Will VCs soon be expected to shoulder the cost of crypto hacks and scams? + Meta is looking into expanding into finance                        <\/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\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/\" 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\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/')\">\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\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/\">\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=Will VCs soon be expected to shoulder the cost of crypto hacks and scams? + Meta is looking into expanding into finance&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/\">\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\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/&title=Will VCs soon be expected to shoulder the cost of crypto hacks and scams? + Meta is looking into expanding into finance\">\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=Will+VCs+soon+be+expected+to+shoulder+the+cost+of+crypto+hacks+and+scams%3F+%2B+Meta+is+looking+into+expanding+into+finance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F07%2Fwill-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance%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\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/450.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550578\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/450-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/450.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"450.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/450.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/450.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550577\" class=\"content-area-description single-story post-550577 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-cryptocurrency tag-enterprisepm tag-for-your-commute tag-mark-zuckerberg tag-meta tag-metaverse tag-venture-capital 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-02\"><\/a> <strong>Will VCs soon be expected to shoulder the cost of crypto hacks and scams? <\/strong>As startups venturing into crypto become more susceptible to cyber attacks that can siphon USD mns in a matter of minutes, they often turn to their wealthy investors to bail them out, writes <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-07\/crypto-bailouts-risk-becoming-cost-of-doing-business-for-vcs?srnd=premium-middle-east\">Bloomberg<\/a>, citing VC and trading group leaders. This happened most recently with Sky Mavis \u2014 the developer of popular game Axie Infinity \u2014 raising USD 150 mn from the likes of Binance, Andreessen Horowitz and Paradigm to reimburse customers after a hack. With this in mind, VCs should set aside contingency funding to bail out victims of hacks as a core part of the agreement, players in the space now recommend. This comes as around USD 4.7 bn has been poured into crypto startups globally in 1Q2022 as the crypto trend continues to gain traction.<\/p>\n<p><strong>Meta wants to tap into finance with products such as (the horribly-named) \u201cZuck<\/strong><strong> Bucks\u201d: <\/strong>As its advertisement business receives hits worldwide from competition and new regulations, the Facebook and Instagram parent company is searching for new revenue streams. The company\u2019s financial arm, Meta Financial Technologies, is considering a number of new products such as \u201cZuck Bucks\u201d \u2014 a cryptocurrency for the metaverse, the <a href=\"https:\/\/www.ft.com\/content\/50fbe9ba-32c8-4caf-a34e-234031019371\">Financial Times<\/a> reports, citing sources with knowledge of the matter. Meta could also launch \u201csocial tokens\u201d or \u201creputation tokens,\u201d (hi, Black Mirror) which could be sent as reward for meaningful posts or comments as well as \u201ccreator coins\u201d that could be purchased for influencers. Mark Zuckerberg could also try his hand at more traditional finance solutions such as offering low-interest loans to small businesses on his platform. Most of the efforts are in the early stages of being discussed and might not necessarily be brought to life, the sources said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mark-zuckerberg\/\">Mark Zuckerberg<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/meta\/\">meta<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metaverse\/\">metaverse<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/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=\"550579\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-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\/240927.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/mashreq.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27486.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-gd4ve7f\" data-v=\"4\" data-block-id=\"gd4ve7f\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-gd4ve7f-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-gd4ve7f-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            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-9n5c0fm\" data-v=\"4\" data-block-id=\"9n5c0fm\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-9n5c0fm-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-9n5c0fm-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\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550580\" 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=\"550580\">\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\/07\/el-kbeer-awy-season-6-is-standing-out-among-its-peers-on-tv-screens-learn-about-the-inner-workings-of-vcs-with-the-twenty-minute-vc\/\">\r\n                            El Kbeer Awy Season 6 is standing out among its peers on TV screens + Learn about the inner workings of VCs with The Twenty Minute VC                        <\/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\/07\/el-kbeer-awy-season-6-is-standing-out-among-its-peers-on-tv-screens-learn-about-the-inner-workings-of-vcs-with-the-twenty-minute-vc\/\" 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\/07\/el-kbeer-awy-season-6-is-standing-out-among-its-peers-on-tv-screens-learn-about-the-inner-workings-of-vcs-with-the-twenty-minute-vc\/')\">\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\/07\/el-kbeer-awy-season-6-is-standing-out-among-its-peers-on-tv-screens-learn-about-the-inner-workings-of-vcs-with-the-twenty-minute-vc\/\">\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=El Kbeer Awy Season 6 is standing out among its peers on TV screens + Learn about the inner workings of VCs with The Twenty Minute VC&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/el-kbeer-awy-season-6-is-standing-out-among-its-peers-on-tv-screens-learn-about-the-inner-workings-of-vcs-with-the-twenty-minute-vc\/\">\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\/07\/el-kbeer-awy-season-6-is-standing-out-among-its-peers-on-tv-screens-learn-about-the-inner-workings-of-vcs-with-the-twenty-minute-vc\/&title=El Kbeer Awy Season 6 is standing out among its peers on TV screens + Learn about the inner workings of VCs with The Twenty Minute VC\">\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=El+Kbeer+Awy+Season+6+is+standing+out+among+its+peers+on+TV+screens+%2B+Learn+about+the+inner+workings+of+VCs+with+The+Twenty+Minute+VC+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F07%2Fel-kbeer-awy-season-6-is-standing-out-among-its-peers-on-tv-screens-learn-about-the-inner-workings-of-vcs-with-the-twenty-minute-vc%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\/07\/el-kbeer-awy-season-6-is-standing-out-among-its-peers-on-tv-screens-learn-about-the-inner-workings-of-vcs-with-the-twenty-minute-vc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/451.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550581\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/el-kbeer-awy-season-6-is-standing-out-among-its-peers-on-tv-screens-learn-about-the-inner-workings-of-vcs-with-the-twenty-minute-vc\/451-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/451.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"451.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/451.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/451.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550580\" class=\"content-area-description single-story post-550580 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-ears-to-the-ground tag-eat-this-tonight tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>Sitcom staple <\/strong><strong><a href=\"https:\/\/elcinema.com\/work\/2072812\/\">El Kbeer Awy Season 6<\/a><\/strong><strong> is standing out am<\/strong><strong>ong its peers on TV<\/strong><strong> screens<\/strong>, as the new season introduces new characters while maintaining recurring (and staple) characters El Kbeer, Johnny and Hazal\u2019om (all played by Ahmed Mekki) but with a change in personalities and influence: El Kbeer has become lonely after his wife Hadeya (previously played by Donia Samir Ghanem) leaves, leaving him in mayhem with his twin children while losing status as \u201cEl Kbeer\u201d in his village Al-Mazarita. Johnny is also still there but only now as an unemployed and depressed man, which is much of a change from the cheerful character he captured in previous seasons.<\/p>\n<p><strong>Yesterday\u2019s episode was probably this season\u2019s hit<\/strong>, as El Kbeer gets remarried to Marbouha (Rahma Ahmed), with the episode going viral on social media. We\u2019re not ones to publish spoilers, but suffice to say she wears a tiger costume. The wedding episode also just made us all the more excited for the episode in which the sitcom mocks South Korean thriller Squid Game. El Kbeer is available on <a href=\"https:\/\/www.watchit.com\/#\/\">Watch It<\/a>.<\/p>\n<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> \u26bd <strong>Brace yourself for a weekend full of football<\/strong>, starting with the UEFA Europa League: RB Leipzig will play against Atalanta at 6:45pm, followed by three games at 9pm: Eintracht Frankfurt v Barcelona, Sporting Braga v Rangers, and West Ham United v Olympique Lyonnais.<\/p>\n<p><strong>We\u2019ve got some nice English Premier League games over the weekend<\/strong>, with Newcastle United playing against Wolverhampton Wanderers at 9pm on Friday. More EPL games are set for kickoff on Saturday, with Manchester United v Everton at 1:30 pm, Arsenal v Brighton at 4pm, Southampton v Chelsea at 4pm, Watford v Leeds United at 4pm, and Aston Villa v Tottenham Hotspur at 6:30pm.<\/p>\n<p><strong>Moving to La Liga<\/strong>, Sevilla will play against Granada at 9pm on Friday, while Saturday will see games between Cadiz v Real Betis at 2pm, Mallorca v Atletico Madrid at 4:15pm, Villarreal v Athletic Club at 6:30pm, and Real Madrid v Getafe at 9pm.<\/p>\n<p><strong>In the Serie A on Saturday<\/strong>, Empoli will play against Spezia at 3pm, while Inter Milan will clash against Hellas Verona at 6pm and Cagliari will meet Juventus on the field at 8:45pm.<\/p>\n<p><strong>We\u2019ll have some Egyptian football on Saturday<\/strong>, with Pyramids against Ghazl Al Mahallah, Al Ahly v Al Masry, and Zamalek v Misr Lel Makkasa. All three games will kick off at 9:30pm.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>What happens when a popular Middle Eastern dessert meets with a popular<\/strong><strong> Western dessert?<\/strong> An explosion of flavors \u2014 and that\u2019s why we\u2019re recommending <a href=\"https:\/\/www.facebook.com\/Coppermelteg\">Coppermelt\u2019<\/a>s Baklava with Blueberry Cheesecake for a satisfying dessert post-fitar. The crunch from the baklava on top accompanied with the softness of the cheesecake and the tanginess of the blueberry ensures a blast of flavors in your mouth.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>Places to do get some artistic creativity into your Ramadan routine: <\/strong><\/p>\n<p><strong>New Cairo\u2019s Rustic Gallery is holding a series of art classes this month. <\/strong>You can join their <a href=\"https:\/\/www.instagram.com\/p\/Cb2glBhM2ho\/?utm_medium=copy_link\">wood slice painting workshop<\/a> tomorrow at 7pm and take home your artwork.<\/p>\n<p><strong>On Saturday, That Really Cool Studio in Zamalek will offer a <\/strong><strong><a href=\"https:\/\/www.instagram.com\/p\/CcBZwXfrZLh\/?utm_medium=copy_link\">pop art workshop<\/a><\/strong> with Shadden Fahim that will teach you all about the mass-culture, mass-media, mass-production art movement that is pop art. Participants will also create a \u201cCairo-fied pop art painting that you can proudly show your mama.\u201d The studio is also offering workshops all month as part of their 1001 Paint Nights series.<\/p>\n<p><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/nozhet-el-nofous-by-nancy-moun\/359550229426887\/\">Nozhout El Nofous<\/a><\/strong><strong> is an \u201caudiovisual exploration of musical freedom through the lens of century-old archival recordings.\u201d <\/strong>The performance is created by Nancy Mounir and features Youssra El Hawary (on accordion), Nadia Safwat (trumpet), Ahmed Amin (double bass), Mounir Maher (piano), Felipe Simonsen (trombone) and Nancy Mounir (violin & theremin), alongside more musicians. Catch the performance at Rawabet Art Space tomorrow at 9:30pm.<\/p>\n<p><strong>Instagram-famous comedian Mohamed Moula is headlining a <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/the-comedy-bunch-makeem-laugh-\/951336702248860\/\">standup comedy show<\/a><\/strong> at The Room New Cairo on Saturday at 9pm. The show will be hosted by Ahmed El-Hareedy and Mohamed Gamal El-Din.<\/p>\n<p><strong>Egyptian\/German photographer Malak Kabbani is giving a talk titled \u201c<\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/finding-a-way-talk-by-photogra\/696325068384551\/\">Finding a Way<\/a><\/strong><strong>\u201d <\/strong>where she will share some insights on her journey with photography in Egypt and the UK. The event will take place on Saturday at Photopia at 8:30pm.<\/p>\n<p><strong>Visit the L' Immeuble Building before fitar for a session of stretching and breathwork exercises <\/strong>\u2014 or as they call it <a href=\"https:\/\/www.facebook.com\/events\/2018083678371983\/2018083681705316\/?active_tab=about\">The Ramadan Routine<\/a>. Cocoon Cultural Center will lead these sessions from 3-5pm on Tuesdays and Saturdays.<\/p>\n<p><strong>Meanwhile, sweat that fitar off with a \u201c<\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/%D8%AC%D8%B1%D9%8A%D9%87-%D8%B1%D9%85%D8%B6%D8%A7%D9%86-ramadan-run\/381417486955006\/\">Ramadan Run<\/a><\/strong><strong>\u201d<\/strong> at Cairo Sporting Club tomorrow at 8pm.<\/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\/ears-to-the-ground\/\">ears to the ground<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eat-this-tonight\/\">Eat This Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550582\" 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=\"550582\">\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\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/\">\r\n                            EFG Hermes to distribute EGP 973 mn-worth of bonus shares                        <\/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\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/\" 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\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/')\">\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\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/\">\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=EFG Hermes to distribute EGP 973 mn-worth of bonus shares&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/\">\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\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/&title=EFG Hermes to distribute EGP 973 mn-worth of bonus shares\">\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=EFG+Hermes+to+distribute+EGP+973+mn-worth+of+bonus+shares+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F07%2Fefg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares%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\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550582\" class=\"content-area-description single-story post-550582 post type-post status-publish format-standard hentry category-go-with-the-flow tag-efg-hermes tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>MARKET NEWS-<\/strong><\/p>\n<p><strong>EFG Hermes will increase its issued capital by over EGP 973 mn by distributing bonus<\/strong><strong> shares <\/strong>at a rate of one bonus share per every five existing shares, according to an <a href=\"https:\/\/ent.news\/2022\/4\/EFG-Hermes-April-2022-bonus-shares.pdf\">EGX disclosure (pdf)<\/a>.<\/p>\n<p><strong>MARKET ROUNDUP- <\/strong><\/p>\n<p><strong>The EGX30 fell 2.2% at today\u2019s close<\/strong> on turnover of EGP 992.89 mn (2.5% above the 90-day average). Foreign investors were net sellers. The index is down 7.1% YTD.<\/p>\n<p><strong>In the green: <\/strong>Rameda (+3.1%), CIRA (+1.2%) and Orascom Development Egypt (+0.7%).<\/p>\n<p><strong>In the red: <\/strong>Mopco (-10.3%), Fawry (-6.0%) and MM Group (-5.4%).<\/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\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550583\" 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=\"550583\">\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\">Macro picture<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/unctad-trims-global-economic-growth-to-2-6-in-2022\/\">\r\n                            UNCTAD trims global economic growth to 2.6% in 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\/07\/unctad-trims-global-economic-growth-to-2-6-in-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/unctad-trims-global-economic-growth-to-2-6-in-2022\/')\">\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\/07\/unctad-trims-global-economic-growth-to-2-6-in-2022\/\">\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=UNCTAD trims global economic growth to 2.6% in 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/unctad-trims-global-economic-growth-to-2-6-in-2022\/\">\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\/07\/unctad-trims-global-economic-growth-to-2-6-in-2022\/&title=UNCTAD trims global economic growth to 2.6% in 2022\">\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=UNCTAD+trims+global+economic+growth+to+2.6%25+in+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F07%2Functad-trims-global-economic-growth-to-2-6-in-2022%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\/07\/unctad-trims-global-economic-growth-to-2-6-in-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/453.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550584\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/unctad-trims-global-economic-growth-to-2-6-in-2022\/453-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/453.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"453.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/453.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/453.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550583\" class=\"content-area-description single-story post-550583 post type-post status-publish format-standard has-post-thumbnail hentry category-macro-picture tag-debt tag-enterprisepm tag-global-gdp tag-macro-picture tag-russia-ukraine-war tag-unctad 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>UNCTAD trims global economic growth to 2.6% in 2022:<\/strong> The United Nations Conference on Trade and Development (UNCTAD) has revised downward its global economic growth forecast for 2022 to 2.6%, down from 3.6%, due to the war in Ukraine and the changes countries are making to their macroeconomic policies as a result, according to its <a href=\"https:\/\/ent.news\/2022\/3\/tdr2021-update1_en.pdf\">updated report (pdf)<\/a>. Developed countries are expected to \u201creinforce\u201d monetary tightening in light of the war, with significant slowdowns in growth expected in parts of Western Europe and Central, South and Southeast Asia.<\/p>\n<p><strong>Developing countries to bear the brunt of the damage:<\/strong> Developing countries face the threat of a \u201ccombination of weakening global demand, insufficient policy coordination at the international level and elevated debt levels from the pandemic\u201d that could push them into a \u201cdownward spiral of insolvency, recession and arrested development,\u201d UNCTAD wrote.<\/p>\n<p><strong>External debt has been exploding over the past decade:<\/strong> External debt in developing countries almost doubled from USD 6.5 tn to USD 11.7 tn between 2011 and 2020 which accounts for a rise from 41 to 69.5 percent of GDP. These countries are projected to require USD 310 bn to meet external public debt service requirements in 2022 but their ability to service their debt \u201cdeteriorated during the first year of the pandemic,\u201d the report said. The external debt-to-export ratio increased in 121 out of 127 developing countries between 2019 and 2020, while 51 countries stood above 250% in 2020.<\/p>\n<p><strong>Egypt name-checked as potentially exposed to growth slowdown: <\/strong>Countries like Egypt, Pakistan, Mongolia, Sri Lanka, and Angola that face \u201clarge rollover pressures and a large debt service to export ratio\u201d could face a downward pressure on their growth rates, UNCTAD says. The government had been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79d7e611-1ab6-488a-a236-2fc863fa1576\">planning to bring down our debt service bill<\/a>to 30% of total state expenditure next fiscal year, compared to 31.5% penciled in for FY2021-2022. Our debt-to-GDP ratio was also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1aed811-8e9a-412d-ba3f-47159fbb227d\">set to fall below 90%<\/a> in FY2022-2023.<\/p>\n<p><strong>Could the government revise our debt targets? <\/strong>With <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69470760-13ca-4936-83f2-59c11fea41f7\">revisions made to the budget<\/a>, including trimmed GDP growth and a narrowed primary surplus, the government could announce changes to its debt targets on the back of the implications of war.<\/p>\n<p><strong>The policy response is no easy feat, with limited maneuverability:<\/strong> Balance of payments constraints and macroeconomic tightening in richer countries are making policy responses even more difficult to maneuver. While \u201cdeepening financial integration widens the socio-economic scope of the impact from the dynamics of the global financial cycle,\u201d the report says.<\/p>\n<p><strong>Developing countries are banking on interest rate hikes<\/strong> to facilitate higher financial returns than in richer economies. \u201cPolicy makers in developing economies will be placed under pressure to tighten domestic policy in an attempt to prevent capital outflow,\u201d the report says. That\u2019s the case in Egypt, where the Central Bank of Egypt enacted a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b55986a-5bf0-4548-a969-7607bcf4f50e\">surprise 100 bps interest rate hike<\/a> last month to contain inflation. State-owned Banque Misr and the National Bank of Egypt followed up by offering high-yielding 18% certificates of deposit, which have attracted <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e54b528-8975-4ea9-9746-0b22b2f03984\">some EGP 423 bn<\/a> of savings from Egyptians as of Tuesday.<\/p>\n<p><strong>Interest rate hikes in richer countries affect monetary policy elsewhere: <\/strong>As rich countries raise interest rates to combat inflation,\u201d (read: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b641859-f4c6-4a18-9804-83b8cfa86961\">The Fed\u2019s expected 250 bps-worth of hikes<\/a> this year) people in the developing world will be forced to take on a disproportionate share of the adjustment to the post-pandemic global economy,\u201d the report says. What developing countries need is \u201ca financial system that enables developing countries to invest for the long term, to introduce the changes needed to mitigate the enormous costs of climate change,\u201d according to the report.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/global-gdp\/\">global GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/macro-picture\/\">MACRO PICTURE<\/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\/unctad\/\">UNCTAD<\/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=\"550585\" 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\/07\/550585\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550585\" class=\"content-area-description single-story post-550585 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>April: A delegation from a major Belgian shipping company will arrive for talks on building an international shipping supply center in Egypt.<\/p>\n<p>14 April (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>18-24 April (Monday-Sunday): <a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/spring\">World Bank-IMF Spring Meetings<\/a>, Washington D.C.<\/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 Egyptian Commodity Exchange to start.<\/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>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 through 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>15 May (Sunday): Last day for EGX-listed companies to file 1Q2022 earnings<\/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: Polish President to visit Egypt.<\/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>18 September (Sunday): Deadline for brokerage firms, asset managers and financial advisors <a href=\"https:\/\/alborsaanews.com\/2022\/04\/06\/1527896\">to register<\/a> with the Egyptian Securities Federation.<\/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":550574,"template":"","categories":[],"tags":[],"class_list":["post-550573","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"40a123ff-db38-4e7d-ad0d-9cd7f86a3533","teaser":"","photo_url":"https:\/\/ent.news\/2022\/4\/46.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>A slow news day to round out the week - 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\/a-slow-news-day-to-round-out-the-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A slow news day to round out the week\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:04:20+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\/46.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\/a-slow-news-day-to-round-out-the-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/\",\"name\":\"A slow news day to round out the week - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/46.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-04-07T13:23:15+00:00\",\"dateModified\":\"2025-12-15T23:04:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/46.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/46.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Afternoon\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/PMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"A slow news day to round out the week\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A slow news day to round out the week - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/","og_locale":"en_US","og_type":"article","og_title":"A slow news day to round out the week","og_url":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-15T23:04:20+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/46.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/","url":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/","name":"A slow news day to round out the week - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/46.jpg?fit=%2C&ssl=1","datePublished":"2022-04-07T13:23:15+00:00","dateModified":"2025-12-15T23:04:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/46.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/46.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-slow-news-day-to-round-out-the-week\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Afternoon","item":"https:\/\/enterpriseam.com\/egypt\/PMarchives\/"},{"@type":"ListItem","position":3,"name":"A slow news day to round out the week"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/550573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/afternoon"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/550574"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}