{"id":550950,"date":"2022-05-16T13:19:44","date_gmt":"2022-05-16T13:19:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=550950"},"modified":"2025-12-15T23:12:46","modified_gmt":"2025-12-15T23:12:46","slug":"will-a-us-china-bipolar-world-order-emerge","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/will-a-us-china-bipolar-world-order-emerge\/","title":{"rendered":"Will a US-China bipolar world order emerge?"},"content":{"rendered":"<section id=\"550952\" 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=\"550952\">\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\/05\/16\/this-evening-brmaja-innovation-raises-planned-ipo-stake-plus-mcdonalds-is-officially-leaving-russia\/\">\r\n                            THIS EVENING: Brmaja Innovation raises planned IPO stake. Plus: McDonald\u2019s is officially leaving Russia.                        <\/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\/05\/16\/this-evening-brmaja-innovation-raises-planned-ipo-stake-plus-mcdonalds-is-officially-leaving-russia\/\" 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\/05\/16\/this-evening-brmaja-innovation-raises-planned-ipo-stake-plus-mcdonalds-is-officially-leaving-russia\/')\">\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\/05\/16\/this-evening-brmaja-innovation-raises-planned-ipo-stake-plus-mcdonalds-is-officially-leaving-russia\/\">\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: Brmaja Innovation raises planned IPO stake. Plus: McDonald\u2019s is officially leaving Russia.&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/this-evening-brmaja-innovation-raises-planned-ipo-stake-plus-mcdonalds-is-officially-leaving-russia\/\">\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\/05\/16\/this-evening-brmaja-innovation-raises-planned-ipo-stake-plus-mcdonalds-is-officially-leaving-russia\/&title=THIS EVENING: Brmaja Innovation raises planned IPO stake. Plus: McDonald\u2019s is officially leaving Russia.\">\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+Brmaja+Innovation+raises+planned+IPO+stake.+Plus%3A+McDonald%E2%80%99s+is+officially+leaving+Russia.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F16%2Fthis-evening-brmaja-innovation-raises-planned-ipo-stake-plus-mcdonalds-is-officially-leaving-russia%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\/05\/16\/this-evening-brmaja-innovation-raises-planned-ipo-stake-plus-mcdonalds-is-officially-leaving-russia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550952\" class=\"content-area-description single-story post-550952 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-brmaja tag-enterprisepm tag-ipo-watch 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>Happy Monday, friends.<\/strong> It\u2019s hard to believe it\u2019s only Monday, but here we are \u2014 and it\u2019s still a relatively busy news week.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Brmaja Innovation raises planned IPO stake:<\/strong> Saudi tech firm Brmaja\u2019s Egypt-based subsidiary Brmaja Innovation is now looking to list 35% of its shares on the EGX within the next few months, up from a planned 20% previously, investment director Ahmed Said confirmed to Enterprise.<\/p>\n<p><strong>^^We\u2019ll have more<\/strong> on this and other stories in tomorrow\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>PSA- Your daily commutes could get a bit pricier as Uber Egypt raises its rates: <\/strong>The ride hailing app announced it is revising upwards its pricing structure \u201cin light of the new record-high fuel prices drivers are facing,\u201d according to an email sent out to its users. In Cairo, the base fare for UberX rides is now EGP 8.50, rising EGP 0.50, while the minimum fare per trip now stands at EGP 14, up from EGP 13 previously. In Alexandria, the base fare is rising by EGP 0.30 to EGP 8.30, while the minimum fare now stands at EGP 12, from EGP 11 previously.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>No more Happy Meals in Russia?<\/strong> McDonald\u2019s has \u201cinitiated the process\u201d to sell its business in Russia, after operating in the market for three decades, over Russia\u2019s ongoing invasion of Ukraine. The fast food chain \u2014 which is often viewed as a symbol of American cultural imperialism \u2014 cited \u201cthe humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment\u201d as reasons for making its continued operation in Russia \u201cno longer tenable,\u201d according to <a href=\"https:\/\/corporate.mcdonalds.com\/corpmcd\/en-us\/our-stories\/article\/ourstories.mcd-exit-russia.html\">a statement<\/a>. McDonald\u2019s \u201cexpects to record a charge \u2026 of approximately USD 1.2-1.4 bn to write off its net investment in the market and recognize significant foreign currency translation losses.\u201d The story is on the front pages of the <a href=\"https:\/\/www.wsj.com\/articles\/mcdonalds-to-exit-from-russia-11652697074?mod=hp_lead_pos1\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-counter-attacks-russian-forces-east-2022-05-16\/\">Reuters<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-16\/mcdonald-s-to-leave-russia-take-write-off-of-up-to-1-4-billion?srnd=premium-middle-east\/&sref=mmeFTDW1\">Bloomberg<\/a>, and others.<\/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>A fresh IMF program could be sealed in a few months:<\/strong> The government expects to reach an agreement with the IMF on a fresh support package \u201cwithin months,\u201d Prime Minister Moustafa Madbouly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4e3bad5-0ccb-44bf-8327-c3a52ba2bcf3\">said at a presser yesterday<\/a>.<\/li>\n<li><strong>The gov\u2019t is trying to make life easier for tech startups:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/24a31aa4-d1f4-405f-8165-039c435d9a6b\">New rules<\/a> will sweep aside obstacles for would-be tech entrepreneurs, government officials said yesterday, as part of the Madbouly government\u2019s drive to attract private capital and drive growth of the domestic tech industry. The changes will make it easier for people to set up tech companies and offer a handful of tax exemptions and preferential customs treatment to some companies.<\/li>\n<li><strong>Egypt to receive 500k tons of Indian wheat despite export ban:<\/strong> Egypt has agreed to buy 500k tons of wheat from India, Supply Minister <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d6fa0f0-2d5b-4ae8-b764-8e19398f26ac\">Ali El Moselhy said<\/a>, adding that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90d1ad70-45bd-4d6a-b57f-c43c3433bf2f\">an export ban<\/a> introduced by New Delhi last week in response to surging local prices and a severe heat wave will not impact the shipment. <\/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>Budget season is in full swing at the House:<\/strong> The House of Representatives will begin holding committee-level discussions of the draft FY 2022-23 budget and economic and social development plan this week, <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/2\/466177\/Egypt\/Society\/House-committees-begin-discussing-new-FY--budget-t.aspx\">Ahram Online<\/a>\u2019s Gamal Essam El-Din reports. If approved, the budget will be signed into law by the president. Head <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59023cb0-be71-414c-9041-8118c08c2965\">here<\/a> for a refresher on the draft budget\u2019s key figures.<\/p>\n<p><strong>SOUND SMART-<\/strong> Our latest Enterprise Explains column has everything you need to know about <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/167c6aaf-a05f-4942-be61-e7dfb4d72673\">how an Excel sheet turns into a budget, and then the law of the land<\/a>.<\/p>\n<p><strong>Need to get your head around the new e-receipt system? <\/strong>Lynx Strategic Business Advisors are following up their recent webinar on e-invoicing with a session introducing the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6deafdd9-17f0-427d-8b0d-8d2afa71e220\">Finance Ministry\u2019s new e-receipt system<\/a>, which is set to officially roll out on 1 July. The webinar will feature FinMin tax development advisor Yasser Taymour, as well as reps from Talabat, Jumia, Yoco, and the World Bank. It takes place on 18 May at 12:00-1:30pm CLT. Register <a href=\"https:\/\/us06web.zoom.us\/webinar\/register\/WN_inx2czHRSL-yHqfPUINunw\">here<\/a>.<\/p>\n<p><strong>Venture capital 101:<\/strong> The Egyptian Private Equity Association (EPEA) is hosting a paid crash course in all things venture capital at the Zamalek Marriott on 21-23 May. Led by Avanz Capital Egypt MD Hany Assaad, the three-day course will cover everything you need to know about Planet VC, from fund structures and portfolio-building to due diligence and valuations.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p><strong>LATER THIS WEEK-<\/strong><\/p>\n<p><strong>It\u2019s interest rate week here at home:<\/strong> The Central Bank of Egypt will likely raise interest rates when it meets this Thursday, according to a near consensus of analysts and economists <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df66965c-f7ca-459c-b270-c296532a1a9b\">we surveyed<\/a> last week. Six of the seven respondents see the Monetary Policy Committee going ahead with a rate hike to combat inflation and stem portfolio outflows, with five forecasting rates to rise by up to 200 bps.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 34\u00b0C and a nighttime low of 18\u00b0C tomorrow in the capital city, our favorite weather app tells us.<\/p>\n<p><strong>***<\/strong><br \/> <strong>WE\u2019RE LOOKING FOR SMART, TALENTED PEOPLE to help us build some very cool new things<\/strong>. Today, we run two daily publications, five weekly industry verticals, and a monthly newsletter designed to make our readers feel just a bit smarter.<\/p>\n<p><strong>We have tons more in the pipeline \u2014 come help us build new publications<\/strong>. We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of 200k readers by telling stories that matter.<\/p>\n<p>We\u2019re looking for <strong>editors<\/strong> who want to run publications and teams, editors to help reporters craft stories and talented <strong>reporters<\/strong>. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you\u2019re an equities analyst tired of the rat race, we\u2019re a great place to come work.<\/p>\n<p><strong>Apply directly to jobs@enterprisemea.com and mention Patrick in your subject line.<\/strong><\/p>\n<p><a href=\"https:\/\/enterprise.press\/2022\/04\/28\/come-work-us-hiring-reporters-editors-new-existing-products\/\">Or hit this link for more information.<\/a> It\u2019s worth it \u2014 trust us.<br \/> <strong>***<\/strong><\/p>\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\/brmaja\/\">Brmaja<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/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=\"550953\" 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=\"550953\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/550953\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550953\" class=\"content-area-description single-story post-550953 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:\/\/palmhillsdevelopments.com\/OurDevelopments\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\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=\"550954\" 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=\"550954\">\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\/05\/16\/the-milky-way-black-hole-in-pictures-plus-women-founders-are-underfunded\/\">\r\n                            The Milky Way black hole, in pictures. Plus: Women founders are underfunded                        <\/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\/05\/16\/the-milky-way-black-hole-in-pictures-plus-women-founders-are-underfunded\/\" 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\/05\/16\/the-milky-way-black-hole-in-pictures-plus-women-founders-are-underfunded\/')\">\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\/05\/16\/the-milky-way-black-hole-in-pictures-plus-women-founders-are-underfunded\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Milky Way black hole, in pictures. Plus: Women founders are underfunded&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/the-milky-way-black-hole-in-pictures-plus-women-founders-are-underfunded\/\">\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\/05\/16\/the-milky-way-black-hole-in-pictures-plus-women-founders-are-underfunded\/&title=The Milky Way black hole, in pictures. Plus: Women founders are underfunded\">\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=The+Milky+Way+black+hole%2C+in+pictures.+Plus%3A+Women+founders+are+underfunded+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F16%2Fthe-milky-way-black-hole-in-pictures-plus-women-founders-are-underfunded%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\/05\/16\/the-milky-way-black-hole-in-pictures-plus-women-founders-are-underfunded\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550954\" class=\"content-area-description single-story post-550954 post type-post status-publish format-standard hentry category-for-your-commute tag-astronomy tag-enterprisepm tag-for-your-commute tag-startups 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-04\"><\/a> <strong>The Milky Way black hole pictured for the very first time:<\/strong> An international team of astronomers managed to give us a first glimpse of the supermassive black hole that lives at the center of our galaxy, captured by the Event Horizon Telescope (EHT), the <a href=\"https:\/\/www.nytimes.com\/2022\/05\/12\/science\/black-hole-photo.html\">New York Times<\/a> reported. The photo\u2019s significance lies in the fact that observing a black hole is basically impossible, since no light can escape it. Known as Sagittarius A* (Sgr A* ), the image was unveiled by the EHT Collaboration last week. For scale, the object is a staggering 4 mn times the mass of the Sun, an EHT team member said during the <a href=\"https:\/\/www.ekathimerini.com\/nytimes\/1184296\/the-milky-ways-black-hole-comes-to-light\/\">press conference<\/a> revealing the image.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Female founders continue to face a<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/905834b8-a38f-4a2c-a17c-23708fd80395\">fundraising glass ceiling<\/a><\/strong><strong>:<\/strong> For every USD 1 women receive in investments in the African startup scene, their male counterparts get USD 25, according to the <a href=\"https:\/\/documents1.worldbank.org\/curated\/en\/194531634180916913\/pdf\/In-Search-of-Equity-Exploring-Africa-s-Gender-Gap-In-Start-Up-Financing.pdf\">World Bank<\/a>. From 2013 through 2021, all-female startup teams only received 3% of the USD 1.7 bn of investments flowing into the continent\u2019s startup scene, compared to the 76% of investments secured by startups with all-male founding teams.<\/p>\n<p><strong>It\u2019s not much better in the Occident:<\/strong> Startups with female-only founders secured only 2.3% of venture capital funding in the US last year, while startups with a mixed-gender founder team earned 14.7% of total VC funding in 2021. Over in Europe, all-male founding teams again secured the lion\u2019s share of VC funding, accounting for 85.3% of the investment pie, compared to 1.1% going towards female-only founding teams and 13.6% for mixed-gender founder teams.<\/p>\n<hr class=\"grey-line\">\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\/astronomy\/\">astronomy<\/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\/startups\/\">startups<\/a>\n                <!-- <span 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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-6ab4xy2\" data-v=\"4\" data-block-id=\"6ab4xy2\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-6ab4xy2-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-6ab4xy2-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\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/the-essex-serpent-is-a-gothic-romantic-drama-for-tom-hiddleston-fans-an-exploration-of-social-status-wealth-desire-and-female-agency\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/478.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550957\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/the-essex-serpent-is-a-gothic-romantic-drama-for-tom-hiddleston-fans-an-exploration-of-social-status-wealth-desire-and-female-agency\/478-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/478.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"478.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/478.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/478.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550956\" class=\"content-area-description single-story post-550956 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 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 class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>A Gothic romantic drama for Tom Hiddleston fans:<\/strong> <a href=\"https:\/\/www.apple.com\/tv-pr\/originals\/the-essex-serpent\/\">The Essex Serpent<\/a> is set in the Victorian period but it feels like a modern-day drama. Based on a 2016 novel by Sarah Perry, the Apple TV+ six-episode mini series is a tense and heartfelt exploration of science, skepticism, faith, and grief, and how much they can all mess with you. It centers on a widow (played by the formidable Claire Danes) who is freshly freed from an abusive relationship and moves from London to Essex with plans to uncover a mysterious, mythical beast that the locals believe is haunting them. In the new town, she befriends the village priest (played by Tom Hiddleston) and despite their divergent beliefs, they begin to fall in love.<\/p>\n<p>\u26bd<strong> Only one English Premier League game today:<\/strong> At 9pm, Newcastle will face Arsenal, who are looking to reclaim their place in the top four at the expense of their north London rival Tottenham.<\/p>\n<p><strong>And two games in Italy\u2019s Serie A:<\/strong> Juventus v Lazio at 8:45pm \u2014 a game that does not matter much to the Old Lady who will finish the season in fourth place regardless of the outcome, while Lazio look to increase their points difference with Roma, who is chasing it in sixth place. Fiorentina will face Sampdoria earlier at 6:30pm.<\/p>\n<p><strong>On the home front,<\/strong> Ghazl El-Mahalla vs Eastern Company kicks off at 6:30pm, while Smouha faces Al-Masry 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>Music <\/strong><strong>lovers, head<\/strong><strong> to AUC Tahrir\u2019s Ewart Hall at 7pm today for a celebration of<\/strong><strong> International Jazz Day featuring<\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/566420375034460\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\">Egypt's Jazz All-Stars.<\/a><\/strong> The event will mark a belated celebration of International Jazz Day, which was officially designated as 30 April by UNESCO, for its artistic power to promote freedom of expression, peace, dialogue, diversity, and respect for human rights.This year\u2019s festivity brings prominent musicians of the Egyptian Jazz scene and will be dedicated to supporting the renovation of Nassibian studio theater, which was destroyed in a tragic fire last year.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong><a href=\"https:\/\/www.amazon.com\/Bitter-Orange-Tree-Jokha-Alharthi\/dp\/164622003X\">Bitter Orange Tree<\/a><\/strong><strong> is a beautifully-written exploration of social status, wealth, desire, and<\/strong><strong> female agency. <\/strong>The story offers a glimpse into the life of a young Omani woman living as a university student in Britain, who reflects on the formative relationships in her life and, most notably, her relationship with her grandmother. The book poetically dives into a historical narrative of Bint Amir\u2019s challenged circumstances growing up, her struggles, her life, and her triumphs. Despite being a very concise read, the author Jokha Al Harthi manages to create exceptionally written characters.<\/p>\n<p><strong>Fun fact: <\/strong>Al Harthi was the first Omani woman to have a novel translated into English. Her novel <a href=\"https:\/\/www.amazon.com\/Celestial-Bodies-Jokha-Alharthi\/dp\/1948226944\">Celestial Bodies<\/a> was awarded the 2019 Man Booker International Prize and became an international bestseller.<\/p>\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                            <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=\"550958\" 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=\"550958\">\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\/05\/16\/raya-holdings-al-baraka-bank-report-1q2022-earnings\/\">\r\n                            Raya Holdings, Al Baraka Bank report 1Q2022 earnings                        <\/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\/05\/16\/raya-holdings-al-baraka-bank-report-1q2022-earnings\/\" 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\/05\/16\/raya-holdings-al-baraka-bank-report-1q2022-earnings\/')\">\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\/05\/16\/raya-holdings-al-baraka-bank-report-1q2022-earnings\/\">\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=Raya Holdings, Al Baraka Bank report 1Q2022 earnings&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/raya-holdings-al-baraka-bank-report-1q2022-earnings\/\">\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\/05\/16\/raya-holdings-al-baraka-bank-report-1q2022-earnings\/&title=Raya Holdings, Al Baraka Bank report 1Q2022 earnings\">\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=Raya+Holdings%2C+Al+Baraka+Bank+report+1Q2022+earnings+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F16%2Fraya-holdings-al-baraka-bank-report-1q2022-earnings%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\/05\/16\/raya-holdings-al-baraka-bank-report-1q2022-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550958\" class=\"content-area-description single-story post-550958 post type-post status-publish format-standard hentry category-go-with-the-flow tag-al-baraka-bank tag-earnings tag-enterprisepm tag-go-with-the-flow tag-raya-holding wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EARNINGS WATCH- <\/strong><\/p>\n<p><strong>Raya Holding\u2019s net income rose 49.7% y-o-y to EGP 53.59 mn in 1Q2022<\/strong>, according to the company\u2019s <a href=\"https:\/\/ent.news\/2022\/5\/%D8%B1%D8%A7%D9%8A%D8%A9-%D9%85%D8%AC%D9%85%D8%B9%D8%A9-16-05-2022.pdf\">quarterly financials (pdf)<\/a>. This came on the back of revenues rising to EGP 4.48 bn, compared with EGP 4.03 bn in the same period last year.<\/p>\n<p><strong>Al Baraka Bank reported EGP 369.38 mn in net income in 1Q2022<\/strong>, up from EGP 269.32 in the same period last year, according to its<a href=\"https:\/\/ent.news\/2022\/5\/Al-Baraka-Bank-1Q2022-financiald.pdf\">quarterly financials (pdf)<\/a>. The bank generated EGP 1.87 bn in net interest income during the quarter, up 3.6% y-o-y.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 fell 0.7% at today\u2019s close<\/strong> on turnover of EGP 817.87 mn (6.4% below the 90-day average). Local investors were net buyers. The index is down 12.5% YTD.<\/p>\n<p><strong>In the green: <\/strong>EFG Hermes (+3.3%), MM Group (+3.1%) and Sidi Kerir Petrochemicals (+1.1%).<\/p>\n<p><strong>In the red: <\/strong>TMG Holding (-4.7%), Orascom Construction (-4.6%) and Orascom Development Egypt (-4.4%).<\/p>\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\/al-baraka-bank\/\">Al Baraka Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/raya-holding\/\">Raya Holding<\/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=\"550959\" 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=\"550959\">\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\/05\/16\/a-new-bipolar-world-order-in-a-deglobalizing-world\/\">\r\n                            A new bipolar world order in a deglobalizing world?                        <\/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\/05\/16\/a-new-bipolar-world-order-in-a-deglobalizing-world\/\" 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\/05\/16\/a-new-bipolar-world-order-in-a-deglobalizing-world\/')\">\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\/05\/16\/a-new-bipolar-world-order-in-a-deglobalizing-world\/\">\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=A new bipolar world order in a deglobalizing world?&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/a-new-bipolar-world-order-in-a-deglobalizing-world\/\">\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\/05\/16\/a-new-bipolar-world-order-in-a-deglobalizing-world\/&title=A new bipolar world order in a deglobalizing world?\">\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=A+new+bipolar+world+order+in+a+deglobalizing+world%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F16%2Fa-new-bipolar-world-order-in-a-deglobalizing-world%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\/05\/16\/a-new-bipolar-world-order-in-a-deglobalizing-world\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/481.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550960\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/a-new-bipolar-world-order-in-a-deglobalizing-world\/481-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/481.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"481.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/481.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/481.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550959\" class=\"content-area-description single-story post-550959 post type-post status-publish format-standard has-post-thumbnail hentry category-whats-next-2 tag-economy tag-enterprisepm tag-inflation tag-politics tag-russia-ukraine-war tag-supply-chain tag-whats-next 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>What\u2019s next for the global world order? Bipolarity may be in the offing \u2014 with the<\/strong><strong> two poles being the US and China<\/strong>, suggests President of the Peterson Institute for International Economics Adam Posen in a discussion with Goldman Sachs. Posen suggests that the dual force of the covid-19 pandemic and the ongoing Russia-Ukraine war will \u201chasten the corrosion\u201d of globalization \u201cas the world becomes increasingly bifurcated into two economic blocs aligned around the US and China.\u201d<\/p>\n<p><strong>What do the twin shocks of covid + war have to do with it?<\/strong> The drawbacks of a world that is deeply integrated on the economic side became particularly evident with the onset of the pandemic, which supplied global supply chains and resulted in delays and shortages, and therefore spiking commodity prices, Posen notes. These effects were exacerbated by the political costs of integration as Russia\u2019s invasion in Ukraine led Western countries to impose a series of sanctions and trade bans to apply pressure on Moscow \u2014 but ultimately cut off the supply of critical goods such as oil and gas, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/841301a8-191c-47f4-9c89-37ba0a720b0f\" style=\"color: rgb(252, 118, 1);\">wheat<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8094460-caf8-4807-b129-b9419a93ae93\" style=\"color: rgb(252, 118, 1);\">metals<\/a>. \u201cBoth crises have called into question a multi-decade process that has led to the freer flow of goods, services, people, and ideas around the world. In doing so, they\u2019ve raised the prospect that globalization could reverse in the coming years, potentially leading to greater global fragmentation.\u201d<\/p>\n<p><strong>So is the \u201cgolden age,\u201d so to speak, of globalization really behind us? The jury is out.<\/strong> While Posen suggests that globalization is rapidly eroding, other pundits describe the forward trends in less aggressive terms. Goldman Sachs senior global economist Daan Struyven and Goldman Sachs head of global investment research and chief economist Jan Hatzius postulate that we\u2019ve been seeing an era of \u201cslowbalization,\u201d wherein cross-border flows have slowed, and that we\u2019re moving towards \u201cnewbalization,\u201d which will see the nature and dynamics of globalization shifting, without a net difference in its pace. Others, such as Harvard Kennedy School of Government Professor Dani Rodrik, suggest that we will see a slowdown \u2014 but from a hyperglobalized starting point. \u201cMy guess is that we will try to find a happy medium that avoids some of the excesses of hyperglobalization and the dangers of <a href=\"https:\/\/www.investopedia.com\/terms\/a\/autarky.asp\" style=\"color: rgb(252, 118, 1);\">autarky<\/a>,\u201d Rodrik says.<\/p>\n<p><strong>The hypothesis that we\u2019re entering an era of deglobalization \u2014 or decoupling \u2014 isn\u2019t necessarily new.<\/strong> Allianz economic advisor Mohamed El Erian is among those who flagged this as a possible scenario moving forward <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2757fee4-3049-4f5d-b350-577167397824\" style=\"color: rgb(252, 118, 1);\">back in the early days of covid-19 in 2020<\/a>, suggesting that continued globalization would be difficult because of the pandemic, which yielded a geopolitical shock and simultaneously affected corporate behavior. Supply chains are going to continue becoming localized as businesses move away from relying on \u201cjust-in-time\u201d models that previously saw them depending greatly on distant markets for much of their inputs and operations, El Erian suggested at the time.<\/p>\n<p><strong>But there is general consensus that \u201csignificant reshoring\u201d of critical supply chains isn\u2019t something we\u2019re going to see in the short term.<\/strong> Many companies are opting for oversupplied inventories when they can get their hands on the goods and commodities they need, considering the \u201cpunitively high\u201d costs and other shortcomings of reshoring certain supply chains, such as semiconductors. Although the shortage of semiconductors has wreaked havoc for businesses <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4edc27b6-3c6b-4a89-b0fb-cda02ae7c2c6\" style=\"color: rgb(252, 118, 1);\">across the world<\/a> and in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7fc8a266-0be1-4f43-b69b-df539bd1a925\" style=\"color: rgb(252, 118, 1);\">Egypt alike<\/a>, and some major global corporations are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86e2cedb-7349-461d-92e1-2dd7434dcade\" style=\"color: rgb(252, 118, 1);\">investing heavily<\/a> in domesticating their semiconductor production, it\u2019s a massively capital-intensive venture and requires technology that is not necessarily developed in every market.<\/p>\n<p><strong>How would this new(ish) global order affect the business world?<\/strong><\/p>\n<p><strong>#1- Global investments:<\/strong> While countries may be forced to be generally aligned with one pole, it would not necessarily mean that engagement with the other pole would be altogether impossible. And businesses would probably be able to continue working in and selling to markets in opposite poles \u2014 although they \u201cmay need separate lines of production, standards, and networks\u201d for different markets, Posen said. This would translate into a short-term \u201cinvestment boom\u201d as they pour money into building capacity that would make its operations and markets more independent, which would initially support economic growth, but would eventually \u201creduce economies of scale and drive down the real economic returns of such investments,\u201d he suggests.<\/p>\n<p><strong>#2- Inflation:<\/strong> Remember that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9875c7c9-1574-4bbd-9738-fd4df6e356a8\" style=\"color: rgb(252, 118, 1);\">commodities supercycle<\/a> that was prophesied last year? It could actually materialize soon, this time driven by \u201cgreat power competition and rising political pressure,\u201d say Goldman Sachs\u2019 commodities researchers and strategists. Deglobalization and a shift towards localized supply chains would fuel price increases by making it pricier to produce physical goods, as \u201ccountries trade greater inflationary pressures for security of supply,\u201d they say.<\/p>\n<p><strong>#3- The USD\u2019s status as a global currency:<\/strong> Again, there are diverging views on whether the greenback will hold onto its position as the globally dominant currency, which has been a point of contention for years, and for different reasons (see <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fec1927-2b23-444e-bb16-afbefa9ce511\" style=\"color: rgb(252, 118, 1);\">here<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/24\/usd-dominance-under-threat-a-digital-currencies-look-to-transform-global-financial-system\/\" style=\"color: rgb(252, 118, 1);\">here<\/a>). As it currently stands, the USD comprises some 59% of global reserves, while the CNY accounts for a very small percentage \u2014 but the USD has been \u201closing ground\u201d over the past few years, and the CNY has been gathering steam. That trajectory could continue to hold up, argues Goldman Sachs co-head of global FX, rates, and EM Strategy Zach Pandl, saying that \u201cUS foreign policy choices may discourage heavy reliance on the USD in some cases.\u201d Countries may take the scenario with Russia as a warning that their reserves being USD-heavy could come back to bite in times of crisis, if their relationship with Washington is not on solid ground, Pandl says. At the same time, China has been moving to \u201cmodernize and open up its financial system,\u201d leading to an influx of fixed income portfolio investments and stiffer competition to the USD. A possible future trend in the world of finance is a shift towards more non-sovereign assets, such as gold, rather than trying to make the right choice of which currency (CNY vs USD vs EUR) to pile into, suggests Posen.<\/p>\n<p><strong>You can read through the <\/strong><strong><a href=\"https:\/\/www.goldmansachs.com\/insights\/pages\/top-of-mind\/de-globalization-ahead\/report.pdf\" style=\"color: rgb(252, 118, 1);\">full Top of Mind report<\/a><\/strong><a href=\"https:\/\/www.goldmansachs.com\/insights\/pages\/top-of-mind\/de-globalization-ahead\/report.pdf\" style=\"color: rgb(252, 118, 1);\">here (pdf)<\/a> or <strong>catch the podcast version<\/strong> of Exchanges at Goldman Sachs here (<a href=\"https:\/\/www.youtube.com\/watch?v=KWcgQVCwyf0\" style=\"color: rgb(252, 118, 1);\">runtime: 27:53<\/a>).<\/p>\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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/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\/supply-chain\/\">supply chain<\/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=\"550961\" 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\/05\/16\/550961\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550961\" class=\"content-area-description single-story post-550961 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>MAY<\/strong><\/p>\n<p>13-22 May (Friday-Sunday): <a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/11748\">PSA World Championships<\/a>, Cairo.<\/p>\n<p>Mid-May: The <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0ECwZ4gxDh1BtFhSLpuSQNm8u9sYEbLw5o2eDJ4Y4L7AfCuAe2nMM7VfrR8qBiqnul\">trial period to extend<\/a> the Advance Cargo Information (ACI) system to air freight.<\/p>\n<p>16-19 May (Monday-Thursday): HC Brokerage and Avior Capital Markets virtual conference investor conference.<\/p>\n<p>19 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>19 May (Thursday): EFG Hermes\u2019 general shareholders\u2019 meeting to discuss, among several things, a capital increase of EGP 973 mn to finance the distribution of bonus shares to the company\u2019s minority shareholders.<\/p>\n<p>23 May (Monday): Lynx Strategic Business Advisors are hosting a <a href=\"https:\/\/us06web.zoom.us\/webinar\/register\/WN_inx2czHRSL-yHqfPUINunw\">webinar titled \u201cIntroducing Egypt's New E-Receipt System.\u201d<\/a><\/p>\n<p>25 May (Wednesday): The <a href=\"https:\/\/bit.ly\/36oOWst\">deadline for<\/a> private companies to pre-register ahead of bidding for the second phase of the PPP national project to establish and operate 1k language schools.<\/p>\n<p>30-31 May (Monday-Tuesday): <a href=\"https:\/\/www.facebook.com\/Moemigegy\/posts\/pfbid024Z27xPXYWTVC1sjCzbUQ4qKX7bWwAg6oyZmpTEuGod2WG9DP5UVXa3gtfqmaAtZAl\">Egypt Can with Industry<\/a>, Cairo, Egypt.<\/p>\n<p>31 May (Tuesday): Last day for EGX-listed companies to file 1Q2022 earnings<\/p>\n<p>31 May (Tuesday): The <a href=\"https:\/\/itida.gov.eg\/English\/Programs\/Export-IT%20Rebate%20Program%202017\/Pages\/default.aspx\">application deadline<\/a> for ITIDA\u2019s annual Export IT program.<\/p>\n<p>31 May (Tuesday): Extended deadline for EGX-listed companies to disclose 1Q 2021 earnings.<\/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>May: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0tVd7vrVPiU1s4stMEz9YPim2puqtZxge29MGM49x8JBSycpYkwUwAKhAyHpdmdcnl?_rdc=2&_rdr\">to sign contracts for<\/a> second and third high-speed rail lines with Siemens by the end of the month.<\/p>\n<p>May: Government to announce its automotive strategy by the end of the month.<\/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>5 June (Sunday): GB Auto is hosting an <a href=\"https:\/\/ent.news\/2022\/5\/GB-Auto-10-05-2022.pdf\">extraordinary general assembly meeting (pdf)<\/a>.<\/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>June: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/390172846486475\">launch a unified ticketing system<\/a> for all means of transport at the Adly Mansour Interchange Station.<\/p>\n<p>June: Polish President Andrzej Duda will visit Egypt to coordinate ways to ship Ukrainian wheat to Egypt amid the war in Ukraine.<\/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>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>26\u201327 September (Monday-Tuesday): The <a href=\"https:\/\/www.awieforum.org\/\">Africa Women Innovation and Entrepreneurship Forum (AWIEF)<\/a> at the Cairo Marriott Hotel.<\/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\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":550951,"template":"","categories":[],"tags":[],"class_list":["post-550950","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"17fd69a0-3d90-400f-a461-3193dcaa555a","teaser":"","photo_url":"https:\/\/ent.news\/2022\/5\/53.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>Will a US-China bipolar world order emerge? - 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\/will-a-us-china-bipolar-world-order-emerge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will a US-China bipolar world order emerge?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/will-a-us-china-bipolar-world-order-emerge\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:12:46+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/53.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\/will-a-us-china-bipolar-world-order-emerge\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/will-a-us-china-bipolar-world-order-emerge\/\",\"name\":\"Will a US-China bipolar world order emerge? 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