{"id":550708,"date":"2022-04-18T13:05:09","date_gmt":"2022-04-18T13:05:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=550708"},"modified":"2025-12-15T23:07:24","modified_gmt":"2025-12-15T23:07:24","slug":"were-getting-a-whole-lot-of-vacations","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/were-getting-a-whole-lot-of-vacations\/","title":{"rendered":"We\u2019re getting a whole lot of vacations"},"content":{"rendered":"<section id=\"550710\" 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=\"550710\">\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\/18\/this-evening-weve-got-a-ton-of-holidays-coming-up-infinity-rolls-out-seven-charging-stations-for-the-first-time-in-the-delta\/\">\r\n                            THIS EVENING: We\u2019ve got a ton of holidays coming up + Infinity rolls out seven charging stations for the first time in the Delta                        <\/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\/18\/this-evening-weve-got-a-ton-of-holidays-coming-up-infinity-rolls-out-seven-charging-stations-for-the-first-time-in-the-delta\/\" 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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Labor Day falls on Sunday, 1 May and Eid is typically a three-day holiday.<\/p>\n<p><strong>What\u2019s next:<\/strong> Look for separate announcements from the Central Bank of Egypt (CBE), the EGX, and the Manpower Ministry confirming these holidays for the nation\u2019s banks, the bourse, and the private sector. Coptic Easter \u2014 which is typically a banking holiday \u2014 falls on Sunday, 24 April. Expect the CBE to confirm the day will be off just for the banking sector in the coming days.<\/p>\n<p><strong>SO, WHEN DO WE EAT?<\/strong> You\u2019ll be breaking your fast at 6:24pm CLT this evening in the capital city, and fajr prayers are at 3:54am.<\/p>\n<p><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Our friends at renewable energy industry leader Infinity have rolled out seven new electric vehicle charging stations in the Delta region<\/strong>, according to <a href=\"https:\/\/ent.news\/2022\/4\/Infinity-Launches-7-New-EV-Charging-Stations-in-Delta_Ar.doc.pdf\">a press release (pdf)<\/a>. This marks the company\u2019s first entry into the Delta, and makes Infinity the only company to have rolled out charging stations in the region. The charging stations include a total of 20 charging points across Shebin El Kom, Mansoura, and Damietta.<\/p>\n<p><strong>Southeast Asian <\/strong><strong>non-banking financial institution <\/strong><strong><a href=\"https:\/\/www.lolc.com\">LOLC Group<\/a><\/strong> <strong>has acquired 100% of nonprofit Aga<\/strong><strong> Khan Development Network\u2019s <\/strong><strong><a href=\"https:\/\/www.akdn.org\/where-we-work\/middle-east\/egypt\/microfinance-egypt\">The First Microfinance<\/a><\/strong> in an EGP 80.25 mn transaction last week, company CEO Ahmed Kamal El Din told Enterprise, confirming a report from <a href=\"https:\/\/bit.ly\/3JLtnQA\">Al Mal<\/a>. The acquisition, which marks LOLC Group\u2019s first entry into Egypt, will see the firm introduce new services \u2014 including microins., micro-leasing and consumer finance \u2014 starting 2023, Kamal El Din told us. Our friends at <strong>EFG Hermes<\/strong> managed the acquisition.<\/p>\n<p><strong>^^We\u2019ll have more on <\/strong><strong>these <\/strong><strong>stor<\/strong><strong>ies<\/strong> and others in tomorrow morning\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Ukraine has completed a questionnaire as a starting point for its EU membership<\/strong><strong> process<\/strong>, deputy head of President Volodymyr Zelensky\u2019s office, Ihor Zhokva, told Ukraine\u2019s public broadcaster yesterday evening, <a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-completes-questionnaire-eu-membership-official-2022-04-18\/\">Reuters<\/a> reports. The country now expects to be qualified as a candidate in June. \u201cWe expect the recommendation ... to be positive, and then the ball will be on the side of the EU member states,\u201d Zhokva is quoted as saying. The European Council is set to meet June 23-24th. European Commission President Ursula von der Leyen had earlier this month <a href=\"https:\/\/ec.europa.eu\/neighbourhood-enlargement\/news\/statement-president-von-der-leyen-ukrainian-president-zelenskyy-occasion-presidents-visit-kyiv-2022-04-08_en\">sent the questionnaire<\/a> to Ukraine, promising to \u201caccelerate\u201d the process for Ukraine\u2019s bid to become a member of the EU.<\/p>\n<p><strong>This comes as the fighting on the ground continues<\/strong>, as Russian forces <a href=\"https:\/\/www.reuters.com\/world\/europe\/russia-says-it-launched-mass-strikes-ukrainian-military-overnight-2022-04-18\/\">attacked Ukrainian<\/a><a href=\"https:\/\/www.reuters.com\/world\/europe\/russia-says-it-launched-mass-strikes-ukrainian-military-overnight-2022-04-18\/\">military targets<\/a> and separate areas in Lviv in Ukraine\u2019s west. The attacks in Lviv have left seven dead, according to the <a href=\"https:\/\/apnews.com\/article\/russia-ukraine-zelenskyy-kyiv-business-europe-536b8f0bb48ae21a6ee30991a5535ea3\">Associated Press<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>House Planning Committee to review 2022-2023 draft budget:<\/strong> The House of Representatives <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c49f1cd0-4568-491c-a6cd-87d5e920b80c\">voted in plenary session<\/a> yesterday to send the draft FY 2022-2023 budget to the budget and planning committee.<\/li>\n<li><strong>Saudi tech firm Brmaja moves to consolidate its presence here:<\/strong> Brmaja IT, an Egyptian subsidiary of Saudi Arabian tech firm Brmaja Group, has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/26773ae4-5db1-4d6c-b67b-3e15f7487b19\">signed an MoU<\/a> to acquire Brmaja Commercial, one of the group\u2019s KSA subsidiaries.<\/li>\n<li><strong>Exporters to receive more of their overdue subsidies:<\/strong> Exporters in the fourth phase of the government\u2019s program to repay overdue subsidies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a07e57d5-42b9-4637-9eb3-da04e571f92e\">will see only 8%<\/a> deducted from subsidies on shipments made from July last year, down from a previous 15% haircut.<\/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>FOR TOMORROW-<\/strong> <strong>Higher Education Minister Khaled Abdel Ghaffar will address<\/strong><strong> AmCham\u2019s pre-annual <\/strong><strong>general meeting and iftar tomorrow<\/strong> at 6-8pm at the Nile Ritz Carlton. Abdel Ghaffar will speak on investment in the nation\u2019s healthcare and pharma sectors.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>PSA- You only have three days left to file your ESG report: <\/strong>EGX-listed companies and all non-bank financial services outfits regardless of listing status need to <a href=\"https:\/\/fra.gov.eg\/custompdfs\/2481616-2\/\">submit their first quarterly ESG questionnaire by this Wednesday, 20 April<\/a>. 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>, our parent company, if you need some help.<\/p>\n<p><strong>Entrepreneurs from across Africa have until 6 June to apply to startup competition<\/strong> <strong>Africa\u2019s Business Heroes<\/strong>, which is backed by the Jack Ma foundation, according to <a href=\"https:\/\/ent.news\/2022\/4\/Africas-Business-Heroes-Article.pdf\">a press release (pdf)<\/a>. The top 10 businesses in the competition will earn a shared pot of USD 1.5 mn.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 30\u00b0C and a nighttime low of 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\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infinity\/\">Infinity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lolc-finance\/\">LOLC Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ukraine\/\">Ukraine<\/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=\"550711\" 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, 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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\" 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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=\"550712\" 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=\"550712\">\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\/18\/tiktok-in-russia-becomes-major-platform-for-pro-war-content-can-crypto-be-sharia-compliant\/\">\r\n                            TikTok in Russia becomes major platform for pro-war content + Can crypto be Sharia compliant?                        <\/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\/18\/tiktok-in-russia-becomes-major-platform-for-pro-war-content-can-crypto-be-sharia-compliant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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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=TikTok+in+Russia+becomes+major+platform+for+pro-war+content+%2B+Can+crypto+be+Sharia+compliant%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F18%2Ftiktok-in-russia-becomes-major-platform-for-pro-war-content-can-crypto-be-sharia-compliant%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\/18\/tiktok-in-russia-becomes-major-platform-for-pro-war-content-can-crypto-be-sharia-compliant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/497.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550713\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/tiktok-in-russia-becomes-major-platform-for-pro-war-content-can-crypto-be-sharia-compliant\/497-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/497.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"497.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/497.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/497.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550712\" class=\"content-area-description single-story post-550712 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-cryptocurrency tag-e-commerce tag-enterprisepm tag-for-your-commute tag-russia-ukraine-war tag-semiconductors tag-tiktok wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>TikTok in Russia has become a major platform for pro-war content:<\/strong> TikTok\u2019s attempt to restrict Russian propaganda in response to Moscow\u2019s war on Ukraine appears to have backfired somewhat. The platform\u2019s ban on Russian users from seeing posts from outside the country \u2014 meant to protect its users and employees from Russia\u2019s draconian \u201cfake news\u201d law \u2014 ended up \u201ceffectively creating a second, censored version of its platform,\u201d writes the <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/04\/13\/tiktok-russia-censorship-propaganda-tracking-exposed\/\">Washington Post<\/a>, citing research from nonprofit <a href=\"https:\/\/tracking.exposed\/\">Tracking Exposed<\/a>. Pro-war and pro-Putin hashtags and contents became prevalent on the application while anti-war content all but vanished, creating an uncontested message being sent to Russian users of the platform.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Can crypto be Sharia compliant? <\/strong>That\u2019s what digital payment gateway <a href=\"https:\/\/fasset.com\/en-us\/\">Fasset<\/a> is trying to push in Islamic countries with suspicions towards the unconventional digital currency. The global startup closed a USD 22 mn series A funding round led by Liberty City Ventures and Fatima Gobi Ventures, with plans to use the funding for expansions in Muslim countries like Indonesia and Pakistan. \u201cWe have been working with some of the most prolific and well known Islamic finance jurists and thought-leaders to educate the masses on how Muslims can interact with this emerging asset class in a Sharia compliant manner,\u201d Mohammad Raafi Hossain, the company\u2019s co-founder and CEO, told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-15\/startup-betting-on-crypto-appeal-in-islamic-world-raises-funds?srnd=premium-middle-east\">Bloomberg<\/a>. Cryptocurrencies can be used for zakat, and are already being championed by Islamic charities in Europe, the startup argues.<\/p>\n<p><strong>The world\u2019s largest chip manufacturer warns of a prolonged semiconductor<\/strong><strong> shortage: <\/strong>Taiwan Semiconductor Manufacturing Company (TSMC) signaled that the global chip shortage is likely to continue as production capacity remains tight, CEO C.C. Wei said on a quarterly earnings call, reports the <a href=\"https:\/\/www.wsj.com\/articles\/tsmc-warns-of-tight-production-capacity-prolonging-chip-shortage-11649935181?mod=hp_lista_pos3\">Wall Street Journal<\/a>. The company expects manufacturers to stock up on chips while TSMC\u2019s suppliers are grappling with labor, component and chip constraints due to the pandemic, the war in Russia, and supply chain disruptions. This will lead to production not being enough to meet customer demand for the coming period, Wei explained.<\/p>\n<p><strong>The tight chip market has significantly impacted several Egyptian industries<\/strong>, as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7fc8a266-0be1-4f43-b69b-df539bd1a925\">we noted in Inside Industry<\/a>, our manufacturing-focused weekly vertical.<\/p>\n<p><strong>But the shortage has definitely been a boon for TSMC\u2019s balance sheet: <\/strong>TSMC expects its revenue to rise around 30% y-oy in 2022 following record quarterly revenue and bottomline performance in the first quarter.<\/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\/e-commerce\/\">e-commerce<\/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\/russia-ukraine-war\/\">Russia-Ukraine war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/semiconductors\/\">semiconductors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tiktok\/\">Tiktok<\/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=\"550714\" 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=\"550714\">\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\/18\/check-out-akram-hosnys-ramadan-series-maktoob-3alaya-why-its-important-to-document-your-life-through-the-written-word\/\">\r\n                            Check out Akram Hosny\u2019s Ramadan series Maktoob 3alaya + Why it\u2019s important to document your life through the written word                        <\/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\/18\/check-out-akram-hosnys-ramadan-series-maktoob-3alaya-why-its-important-to-document-your-life-through-the-written-word\/\" 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\/18\/check-out-akram-hosnys-ramadan-series-maktoob-3alaya-why-its-important-to-document-your-life-through-the-written-word\/')\">\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\/18\/check-out-akram-hosnys-ramadan-series-maktoob-3alaya-why-its-important-to-document-your-life-through-the-written-word\/\">\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=Check out Akram Hosny\u2019s Ramadan series Maktoob 3alaya + Why it\u2019s important to document your life through the written word&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/check-out-akram-hosnys-ramadan-series-maktoob-3alaya-why-its-important-to-document-your-life-through-the-written-word\/\">\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\/18\/check-out-akram-hosnys-ramadan-series-maktoob-3alaya-why-its-important-to-document-your-life-through-the-written-word\/&title=Check out Akram Hosny\u2019s Ramadan series Maktoob 3alaya + Why it\u2019s important to document your life through the written word\">\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=Check+out+Akram+Hosny%E2%80%99s+Ramadan+series+Maktoob+3alaya+%2B+Why+it%E2%80%99s+important+to+document+your+life+through+the+written+word+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F18%2Fcheck-out-akram-hosnys-ramadan-series-maktoob-3alaya-why-its-important-to-document-your-life-through-the-written-word%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\/18\/check-out-akram-hosnys-ramadan-series-maktoob-3alaya-why-its-important-to-document-your-life-through-the-written-word\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/498.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550715\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/check-out-akram-hosnys-ramadan-series-maktoob-3alaya-why-its-important-to-document-your-life-through-the-written-word\/498-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/498.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"498.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/498.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/498.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550714\" class=\"content-area-description single-story post-550714 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Akram Hosny\u2019s Ramadan series Maktoob 3alaya is gaining a lot of attention<\/strong> as a light, entertaining and funny mosalsal. The series follows Akram Hosny\u2019s character who suddenly wakes up and realizes that something is being written on his arm every morning. He doesn\u2019t know how it gets there or what it means, but eventually realizes that every written message foreshadows something in the day ahead in a cryptic way that leaves little to go on. The messages allude to anything from spilling his coffee to a potentially disastrous encounter, and it\u2019s up to Hosny to put two and two together to get through the days ahead while trying to understand the strange phenomenon. You can watch Maktoob 3alaya on <a href=\"https:\/\/bit.ly\/3JW4NMS\">Shahid<\/a>.<\/p>\n<p>\u26bd <strong>Catch the three matches in Egypt\u2019s Premier League tonight: <\/strong>Eastern Company will play against Al Ismaily, Pharco will face Al Mokawloon, and Misr Lel Makassa will compete with Ghazl El Mahalla. All three games are scheduled for 9:30pm.<\/p>\n<p><strong>Barcelona will play against Cadiz in the most anticipated match of the day. <\/strong>The two La Liga teams will hit the field at 9pm.<\/p>\n<p><strong>Serie A: <\/strong>Napoli is playing against Roma at 7pm and Atalanta will face Verona at 9pm.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Join a <\/strong><strong><a href=\"https:\/\/www.instagram.com\/p\/CcL5Xy1sMvv\/?igshid=YmMyMTA2M2Y=\">spiritual meditation class<\/a><\/strong><strong> by the Nile today at 9pm. <\/strong>The class is organized by Ahimsa and will see participants try various forms of spiritual meditation from the Islamic Sufi tradition. The class will also take place on Friday at 4:30pm.<\/p>\n<p><strong>Register now for The Darkroom Cairo\u2019s <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/cyanotype-workshop\/385338310116431\/\">Cyanotype Workshop<\/a><\/strong><strong>. <\/strong>Cyanotype is a way to print images using alternative mediums. The two-day technical workshop lasts 6 hours with all equipment provided. Participants will meet on Friday from 8-10pm and then on Saturday from 12pm.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Why it\u2019s important to document your life through the written word: <\/strong>Anna Quindlen\u2019s <a href=\"https:\/\/www.amazon.com\/Write-Your-Life-Anna-Quindlen-ebook\/dp\/B09BJ7PYQW\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">Write for Your Life<\/a> urges everyone to write and gives reasons why it\u2019s important to jot your thoughts and experiences down in a way that makes you more human. The New York Times bestselling author, journalist, and opinion columnist has been hailed as one of the \u201cmost astute chroniclers of modern life\u201d having written <a href=\"https:\/\/www.publishersweekly.com\/pw\/authorpage\/anna-quindlen.html\">multiple books<\/a> that explore her relationship with growing older as well as the stories of everyday people trying to get by. In her new book, Quindlen looks at icons such as Anne Frank to Toni Morrison, and love letters written after World War II to journal reflections from nurses and doctors today to underline how writing can be an illuminating experience for yourself and for others in the future.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550716\" 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=\"550716\">\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\/18\/amocs-bottom-line-rose-638-y-o-y-al-baraka-bank-egypt-will-issue-bonus-shares-worth-egp-2-12-bn\/\">\r\n                            AMOC\u2019s bottom line rose 638% y-o-y + Al Baraka Bank Egypt will issue bonus shares worth EGP 2.12 bn                        <\/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\/18\/amocs-bottom-line-rose-638-y-o-y-al-baraka-bank-egypt-will-issue-bonus-shares-worth-egp-2-12-bn\/\" 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\/18\/amocs-bottom-line-rose-638-y-o-y-al-baraka-bank-egypt-will-issue-bonus-shares-worth-egp-2-12-bn\/')\">\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\/18\/amocs-bottom-line-rose-638-y-o-y-al-baraka-bank-egypt-will-issue-bonus-shares-worth-egp-2-12-bn\/\">\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=AMOC\u2019s bottom line rose 638% y-o-y + Al Baraka Bank Egypt will issue bonus shares worth EGP 2.12 bn&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/amocs-bottom-line-rose-638-y-o-y-al-baraka-bank-egypt-will-issue-bonus-shares-worth-egp-2-12-bn\/\">\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\/18\/amocs-bottom-line-rose-638-y-o-y-al-baraka-bank-egypt-will-issue-bonus-shares-worth-egp-2-12-bn\/&title=AMOC\u2019s bottom line rose 638% y-o-y + Al Baraka Bank Egypt will issue bonus shares worth EGP 2.12 bn\">\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=AMOC%E2%80%99s+bottom+line+rose+638%25+y-o-y+%2B+Al+Baraka+Bank+Egypt+will+issue+bonus+shares+worth+EGP+2.12+bn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F18%2Famocs-bottom-line-rose-638-y-o-y-al-baraka-bank-egypt-will-issue-bonus-shares-worth-egp-2-12-bn%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\/18\/amocs-bottom-line-rose-638-y-o-y-al-baraka-bank-egypt-will-issue-bonus-shares-worth-egp-2-12-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550716\" class=\"content-area-description single-story post-550716 post type-post status-publish format-standard hentry category-go-with-the-flow tag-amoc tag-earnings-watch 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>Alexandria Mineral Oils Company\u2019s (AMOC) bottom line rose 638% y-o-y to EGP<\/strong><strong> 761.98 mn in the first nine months of FY2021-2022<\/strong>, according to an <a href=\"https:\/\/ent.news\/2022\/4\/AMOC-earnings-3QFY.pdf\">EGX disclosure (pdf)<\/a> . This came on the back of a 73% y-o-y increase in sales to EGP 12.26 bn.<\/p>\n<p><strong>Al Baraka Bank Egypt will increase its issued capital to EGP 5.09 bn by issuing bonus<\/strong><strong> shares worth EGP 2.12 bn<\/strong>, representing over 71% of the bank\u2019s capital, according to an <a href=\"https:\/\/ent.news\/2022\/4\/Al-Baraka-Bank-bonus-shares.pdf\">EGX disclosure (pdf)<\/a>. The bonus shares will be distributed at a rate of 0.714 per existing share.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 rose 0.2% at today\u2019s close<\/strong> on turnover of EGP 601.34 mn (36% below the 90-day average). Foreign investors were net sellers. The index is down 10.3% YTD.<\/p>\n<p><strong>In the green: <\/strong>AMOC (+8.8%), Sidi Kerir Petrochemicals (+5.3%) and Credit Agricole (+4.4%).<\/p>\n<p><strong>In the red: <\/strong>EFG Hermes (-4.5%), Housing and Development Bank (-4.4%) and CIRA (-2.6%).<\/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\/amoc\/\">AMOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/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=\"550717\" 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=\"550717\">\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\">WHAT\u2019S NEXT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/crypto-based-carbon-offsetting-dont-believe-the-hype\/\">\r\n                            Crypto-based carbon offsetting: Don\u2019t believe the hype                        <\/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\/18\/crypto-based-carbon-offsetting-dont-believe-the-hype\/\" 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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Which got us thinking: How exactly do these things work, and is there an environmental and financial case to be made for them?<\/p>\n<p><strong>A refresher on carbon credits: <\/strong>Your bog-standard carbon credit is a tradeable certificate that represents a certain amount of carbon emitted into the atmosphere. It <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8bccb1be-e366-491b-a328-369fd2b8c4e2\" style=\"color: rgb(252, 118, 1);\">can work in several ways<\/a>, but the essential idea is to put a price on carbon, setting up a market where firms are rewarded for cutting their emissions and have to pay if they want to bump them up.<\/p>\n<p><strong>Crypto-based carbon credit schemes look to bring that market to the blockchain.<\/strong> They tap into both the retail craze for digital tokens and big firms\u2019 desire to offset their polluting, in hopes of both raising the price of carbon and directing funds to emissions-reduction projects. Crypto carbon schemes fall under the broad umbrella of <a href=\"https:\/\/www.coindesk.com\/markets\/2020\/12\/30\/how-defi-degens-are-funding-the-next-wave-of-open-source-development\/\" style=\"color: rgb(252, 118, 1);\">regenerative finance (ReFi)<\/a>, which you can think of as the social justice movement\u2019s answer to decentralized finance (DeFi).<\/p>\n<p><strong>Carbon offsetting is plagued by its own issues. Add in the murky world of crypto, and we may be heading nowhere good: <\/strong>Plain old carbon credits already face their fair share of <a href=\"https:\/\/www.coindesk.com\/layer2\/miningweek\/2022\/03\/27\/crypto-carbon-can-blockchain-networks-fix-carbon-offsets\/\" style=\"color: rgb(252, 118, 1);\">criticism<\/a>, with <a href=\"https:\/\/www.propublica.org\/article\/the-climate-solution-actually-adding-millions-of-tons-of-co2-into-the-atmosphere\" style=\"color: rgb(252, 118, 1);\">research<\/a> suggesting that they are typically less ecologically sound than advertised and face widespread issues with double counting and <a href=\"https:\/\/ec.europa.eu\/clima\/system\/files\/2017-04\/clean_dev_mechanism_en.pdf\" style=\"color: rgb(252, 118, 1);\">fraud<\/a>. Crypto trading has faced a similar set of issues, chief among them a lack of regulation that has lent itself to fraud.<\/p>\n<p><strong>Unless one can fix the other: <\/strong>Some crypto carbon advocates insist that the transparency built into the blockchain can clean up the carbon market, since the price of credits in every transaction is public (though not who bought them), and carbon could in theory be \u201clocked on the blockchain\u201d forever.<\/p>\n<p><strong>Some crypto carbon offsetting schemes look iffy from the off: <\/strong>Canadian carbon-capture firm Delta CleanTech was <a href=\"https:\/\/www.vice.com\/en\/article\/88g7wg\/this-company-is-launching-indigenous-branded-crypto-carbon-credits-its-greenwash-critics-say\" style=\"color: rgb(252, 118, 1);\">swiftly accused of greenwashing<\/a> after it last month announced a blockchain carbon credit initiative that it claimed was in partnership with First Nations communities. The scheme would see Fortune 500 companies buy credits from indigineous Canadian communities \u2014 but the company was able to give no specifics on how that would benefit the environment or the communities it claimed to serve.<\/p>\n<p><strong>Others start with the best of intentions\u2026 <\/strong>Within months of its launch, crypto platform <a href=\"https:\/\/toucan-protocol.notion.site\/About-Toucan-68694adef18f4613a5f5b594a2d4a407\" style=\"color: rgb(252, 118, 1);\">Toucan<\/a> accounted for more than a quarter of all purchases of carbon credits verified by Verra, the world\u2019s largest verifier of carbon offsets, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-07\/the-biggest-crypto-effort-to-end-useless-carbon-offsets-is-backfiring\" style=\"color: rgb(252, 118, 1);\">Bloomberg<\/a> reports. The aim of Toucan\u2019s developers was to allow retail investors to \u201csweep the floor\u201d: in other words, buy up low-quality carbon credits issued for projects that weren\u2019t really helping reduce emissions, thereby driving up market prices and leaving only impactful credits available for big polluters to buy.<\/p>\n<p><strong>\u2026But then quickly backfire:<\/strong> Analysts say Toucan is exacerbating the issue it set out to solve. Rather than getting rid of cheap credits, its users are driving demand for them. The fresh demand is incentivizing bad actors to sell more useless tokens \u2014 particularly for so-called \u201czombie\u201d projects that are decades old, don\u2019t need funds, and don\u2019t make an impact.<\/p>\n<p><strong>Green NFTs are also facing accountability issues:<\/strong> UK-based initiative Save Planet Earth has sold over 1k limited edition carbon credit NFTs at an average price of USD 1.8k \u2014 with one token going for USD 70k. The firm hopes to channel crypto enthusiasm to plant over 1 bn trees in Pakistan, Sri Lanka and the Maldives that could then be turned into carbon credits. But there\u2019s no evidence the company has secured any agreements with governments and landowners in the countries where it hopes to plant, a <a href=\"https:\/\/www.climatechangenews.com\/2022\/01\/28\/crypto-bubble-hype-machine-behind-70000-carbon-credit\/\" style=\"color: rgb(252, 118, 1);\">Climate Home investigation<\/a> found.<\/p>\n<p><strong>Cleaning up this messy market will take some serious regulation:<\/strong> For crypto carbon trading to have any significant positive impact, the market needs standardization and oversight. The good news is that both the carbon trade and the crypto world are nascent sectors with promising signs of regulation in the pipeline. As <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c35a2e30-5662-4a78-bfc2-a7fb65068c3b\" style=\"color: rgb(252, 118, 1);\">central banks move<\/a> to issue their own digital currencies, and governments seek to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8bccb1be-e366-491b-a328-369fd2b8c4e2\" style=\"color: rgb(252, 118, 1);\">create a framework<\/a> to fairly price and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b3d03fcd-ba57-45bf-ba43-8a81ee22d88f\" style=\"color: rgb(252, 118, 1);\">trade carbon assets<\/a>, crypto carbon credits could develop into a useful tool of the green economy. Until then, though, it\u2019s the Wild West out there.<\/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\/blockchain\/\">blockchain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carbon-pricing\/\">carbon pricing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carbon-token\/\">carbon token<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nfts\/\">NFTs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/whats-next\/\">WHAT\u2019S NEXT<\/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=\"550719\" 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\/18\/550719\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550719\" class=\"content-area-description single-story post-550719 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 in 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: 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>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>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 (national holiday).<\/p>\n<p>25 April (Monday): Sinai Liberation Day.<\/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): <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d34fde27-bb5d-4393-8c4d-b149d636663d\">Fixed customs exchange rate<\/a> lifted.<\/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>May: General Authority for Land and Dry Ports to issue the conditions booklet for the tender to establish and operate the Tenth of Ramadan dry port.<\/p>\n<p>30 April - 5 May (Saturday-Thursday): <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/383615447142215\">National holiday<\/a> in observance of Labor Day and Eid Al Fitr.<\/p>\n<p>1 May (Sunday): Labor Day.<\/p>\n<p>2 May (Monday): Eid Al Fitr (TBC).<\/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>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>21-22 June (Tuesday-Wednesday): <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/298129062496947\">Aswan Forum for Sustainable Peace and Development<\/a>, Cairo.<\/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>30 June (Thursday): Deadline for bids for National Democratic Party HQ redevelopment contract.<\/p>\n<p><strong>JULY<\/strong><\/p>\n<p>July: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>July: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>Early July: Polish President to visit Egypt.<\/p>\n<p>1 July (Friday): FY 2022-2023 begins.<\/p>\n<p>1 July (Friday): Official rollout of e-receipt system 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>1 October (Saturday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/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\/\">COP 27<\/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>2Q2022: The Sovereign Fund of Egypt will invest in two companies in the financial inclusion and non-banking financial services sectors.<\/p>\n<p>End of 2Q2022: The Financial Regulatory Authority\u2019s new Ins. Act should be approved.<\/p>\n<p>End of 2Q2022: Door for bidding for the contract to redevelop the site of the former National Democratic Party HQ to close.<\/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 its 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>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/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":550709,"template":"","categories":[],"tags":[],"class_list":["post-550708","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"01368355-5c7a-46b0-8676-dc744384fed0","teaser":"","photo_url":"https:\/\/ent.news\/2022\/4\/60.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>We\u2019re getting a whole lot of vacations - 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\/were-getting-a-whole-lot-of-vacations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re getting a whole lot of vacations\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/were-getting-a-whole-lot-of-vacations\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:07:24+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\/60.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\/were-getting-a-whole-lot-of-vacations\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/were-getting-a-whole-lot-of-vacations\/\",\"name\":\"We\u2019re getting a whole lot of vacations - 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