{"id":551012,"date":"2022-05-19T13:09:04","date_gmt":"2022-05-19T13:09:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=551012"},"modified":"2025-12-15T23:14:10","modified_gmt":"2025-12-15T23:14:10","slug":"the-central-bank-of-egypt-is-meeting-today-to-make-a-decision-on-interest-rates","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/the-central-bank-of-egypt-is-meeting-today-to-make-a-decision-on-interest-rates\/","title":{"rendered":"The Central Bank of Egypt is meeting today to make a decision on interest rates"},"content":{"rendered":"<section id=\"551014\" 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=\"551014\">\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\/19\/this-evening-were-waiting-on-the-cbes-decision-on-rates-environment-ministry-to-go-in-depth-on-egypts-national-climate-strategy-for-2050\/\">\r\n                            THIS EVENING: We\u2019re waiting on the CBE\u2019s decision on rates + Environment Ministry to go in depth on Egypt\u2019s National Climate Strategy for 2050                        <\/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 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href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+We%E2%80%99re+waiting+on+the+CBE%E2%80%99s+decision+on+rates+%2B+Environment+Ministry+to+go+in+depth+on+Egypt%E2%80%99s+National+Climate+Strategy+for+2050+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F19%2Fthis-evening-were-waiting-on-the-cbes-decision-on-rates-environment-ministry-to-go-in-depth-on-egypts-national-climate-strategy-for-2050%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\/19\/this-evening-were-waiting-on-the-cbes-decision-on-rates-environment-ministry-to-go-in-depth-on-egypts-national-climate-strategy-for-2050\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551014\" class=\"content-area-description single-story post-551014 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-enterprisepm tag-environment-ministry tag-interest-rates tag-monetary-policy tag-national-climate-strategy tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, wonderful people, and welcome (finally) to THURSDAY.<\/strong> It\u2019s a moderately calm end to the week, but we anticipate the lull won\u2019t last for long.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>It hasn\u2019t happened yet, but the big story here at home will most certainly be the outcome<\/strong><strong> of the Central Bank of Egypt\u2019s Monetary Policy Committee meeting later today.<\/strong> The near-consensus among analysts and economists <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df66965c-f7ca-459c-b270-c296532a1a9b\">we surveyed<\/a> is that the MPC will raise interest rates today in a bid to tamp down inflation and stem portfolio outflows, with five of the seven penciling in a hike of up to 200 bps.<\/p>\n<p><strong>^^We\u2019ll have chapter and verse<\/strong> on the CBE\u2019s decision and other stories in Sunday\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>The Environment Ministry is holding a press conference to announce Egypt\u2019s National<\/strong><strong> Climate Strategy for 2050<\/strong> alongside several other ministries, reports <a href=\"https:\/\/bit.ly\/3yRTrrz\">Masrawy<\/a>. The conference will go into depth about the goals of the strategy and how it will be implemented.<\/p>\n<p><strong>What can we expect from the National Climate Strategy? <\/strong>The strategy includes several areas of focus to help Egypt adapt and mitigate climate change. Some USD 211 bn have been earmarked for mitigation strategies while USD 113 bn will be spent through 2050 for climate adaptation. The five goals of the strategy include promoting sustainable economic growth and reducing emissions in various sectors, building resilience and adaptability, improving governance and management across climate change-involved sectors, improving infrastructure and providing financing, and strengthening scientific research and technology transfer in environmental areas, outlines a <a href=\"https:\/\/ent.news\/2022\/5\/National-Climate-Strategy-2050.pdf\">document (pdf)<\/a> released by the Environment Ministry.<\/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>Egypt negotiating \u201climited\u201d IMF loan -Amer:<\/strong> Negotiations between Egypt and the IMF for a fresh assistance program are focusing on a \u201climited\u201d amount of funding, Central Bank of Egypt Governor <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ac83b64-39ec-4a4d-9127-30c5818f81c2\">Tarek Amer said yesterday<\/a>.<\/li>\n<li><strong>CIRA could issue Egypt\u2019s first future flow securities:<\/strong> EGX-listed private sector education outfit CIRA <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d6caeade-4bb7-4f3a-ac0c-882a12c4f070\">is in talks<\/a> with the Financial Regulatory Authority (FRA) to issue EGP 1.5 bn worth of future flow securities, a source with first-hand knowledge of the transaction told Enterprise.<\/li>\n<li><strong>Shell subsidiary BG International <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3eb0e0b-08be-4be3-8313-8ac638d3c02c\">is acquiring 100%<\/a><\/strong><strong> of ExxonMobil\u2019s North East El Amriya<\/strong> offshore gas block under a farm-out agreement.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>It\u2019s official: Turkey has officially informed its allies that it will object to Finland and<\/strong><strong> Sweden\u2019s bids to join NATO<\/strong>, alleging that the two Nordic countries harbor and finance terrorists, Turkish President Recep Tayyip Erdogan said in an interview, according to <a href=\"https:\/\/www.reuters.com\/world\/turkey-has-told-allies-its-no-sweden-finlands-nato-bid-erdogan-2022-05-19\/\">Reuters<\/a>. The story is also getting front-page treatment on <a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2022-05-19\/erdogan-s-nato-grandstanding-comes-with-risks?srnd=premium-middle-east\">Bloomberg<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>PSA: Tourism registration for Hajj has been extended: <\/strong>You can now register for this year\u2019s Hajj through tourism companies until next Monday, 23 May, after the deadline was pushed from this Friday, 20 May, the Tourism Ministry said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0cYBKnPRc4ypXk4EnPr4zAzy2hPRwfHDLZYhAzZhEQJqxjw4Xu6aPJLPFcj9YoVxHl\">statement<\/a>.<\/p>\n<p><strong>The Islamic Development Bank will hold its 2022 annual meetings in Sharm El Sheikh<\/strong> <strong>from 1-4 June<\/strong> under the slogan \u201cpost-pandemic recovery: resilience and sustainability,\u201d according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0jvihLteLq8b9ZARt5hJAEhitjqAqsUdj9gAcRJ9xz8m6aPvGvjcAtCR3WmRWc8fEl?__cft__[0]=AZXZssTR1icXqmubKE_PPiV6lREUubQEuMRA3DMjPGWqUbg2ja-RcHKzFB1Af25iQQZkznkM0N16YdKIQEqSCkx0SN1scmJtgoH1nDgbK_2V6updeZ5WJoV-4hua411FMTk0NjP1vA_9uNe0cipuIez3&__tn__=%2CO%2CP-R\">statement<\/a> from the Planning Ministry. Several Egyptian ministries and representatives from the bank\u2019s 57 member countries and other financial institutions are set to attend the meetings.<\/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 from Saturday-Monday, 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>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>The mild heat will remain with us for one more day before the weather cools on Saturday: The mercury will rise to 37\u00b0C on Friday during the day and fall to 17\u00b0C at night before Saturday\u2019s daytime high of 31\u00b0C and nighttime low of 17\u00b0C, 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\/environment-ministry\/\">Environment Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-climate-strategy\/\">National Climate Strategy<\/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=\"551015\" 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=\"551015\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/551015\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551015\" class=\"content-area-description single-story post-551015 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=\"551016\" 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=\"551016\">\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\/19\/the-us-has-approved-equal-pay-for-the-womens-football-team-in-a-landmark-move-mcdonalds-get-sued-over-smaller-burgers-than-in-ads\/\">\r\n                            The US has approved equal pay for the women\u2019s football team in a landmark move + McDonald\u2019s get sued over smaller burgers than in ads                        <\/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\/19\/the-us-has-approved-equal-pay-for-the-womens-football-team-in-a-landmark-move-mcdonalds-get-sued-over-smaller-burgers-than-in-ads\/\" 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 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approved equal pay for the women\u2019s football team in a landmark move + McDonald\u2019s get sued over smaller burgers than in ads&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/the-us-has-approved-equal-pay-for-the-womens-football-team-in-a-landmark-move-mcdonalds-get-sued-over-smaller-burgers-than-in-ads\/\">\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\/19\/the-us-has-approved-equal-pay-for-the-womens-football-team-in-a-landmark-move-mcdonalds-get-sued-over-smaller-burgers-than-in-ads\/&title=The US has approved equal pay for the women\u2019s football team in a landmark move + McDonald\u2019s get sued over smaller burgers than in ads\">\n              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           <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/the-us-has-approved-equal-pay-for-the-womens-football-team-in-a-landmark-move-mcdonalds-get-sued-over-smaller-burgers-than-in-ads\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/498.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"551017\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/the-us-has-approved-equal-pay-for-the-womens-football-team-in-a-landmark-move-mcdonalds-get-sued-over-smaller-burgers-than-in-ads\/498-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/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\/5\/498.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/498.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551016\" class=\"content-area-description single-story post-551016 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-burger-king tag-enterprisepm tag-for-your-commute tag-gender tag-wendys 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>McDonald\u2019s and Wendy\u2019s get slapped with lawsuits over misadvertising the size of their<\/strong><strong> burgers:<\/strong> The two food chains allegedly undercook their burgers in advertisements to make them appear 15-20% bigger (seeing as cooking the meat makes it shrink), according to a lawsuit filed by three law firms in a New York court, reports the <a href=\"https:\/\/www.wsj.com\/articles\/mcdonalds-wendys-accused-of-making-burgers-seem-larger-than-they-actually-are-11652890799?mod=hp_lista_pos1\">Wall Street Journal<\/a>. The firms also filed a similar lawsuit against Burger King last March over the same issue, with the litigation still pending. All three burger chains refused to comment on the allegations. These are the latest in a series of food-related lawsuits, with Subway facing trial over using other fish species in its tuna sandwich and Kelloggs being accused of not using enough strawberries in its poptarts. The latter case was dismissed back in April, reported <a href=\"https:\/\/www.reuters.com\/business\/new-york-judge-dismisses-kelloggs-frosted-strawberry-pop-tarts-lawsuit-2022-04-01\/\">Reuters<\/a> at the time.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Mercedes boots cheaper models in a bid to become the world\u2019s most valuable luxury car<\/strong><strong> brand: <\/strong>Mercedes Benz will ax three of its (relatively cheaper) compact cars to spend more on developing top-of-the-range cars, as the company looks to elevate its model to luxury brand status and brings its net income margins closer to the likes of Porsche and Ferrari, CEO Ola K\u00e4llenius said, according to the <a href=\"https:\/\/www.ft.com\/content\/dd290f3c-f08d-45a1-a64a-16f66b6f1e1e\">Financial Times<\/a>. \u201cIf you want to drive your margins upwards, you need to trim the tree at the bottom, and you need to try to expand at the top,\u201d K\u00e4llenius said. While the chief executive refused to name the models that would be phased out, sources in the know suggested that Mercedes could ultimately give its A and B-class ranges the boot. Instead, the German automaker will divert 75% of investments to developing the luxurious Maybach, the off-road G-Class, and the performance-focused AMG brand \u2014 all of which will be available in electric models within the next few years \u2014 as well as the electric EQ range, the S-Class saloon, and the E and C-Class ranges.<\/p>\n<p><strong>The US has approved equal pay for the women\u2019s football team in a landmark move: <\/strong>The US Soccer Federation announced yesterday that its women\u2019s football team will now get the same compensation as the men\u2019s team in terms of base and performance pay for players, equalized prize money for World Cup performances, and revenue sharing of commercial partnerships and ticket sales, according to a <a href=\"https:\/\/www.ussoccer.com\/stories\/2021\/09\/us-soccer-statement-on-equal-pay-lawsuit\">press release<\/a>. The agreement also includes terms for childcare benefits, standardized conditions for travel, pitch quality, and a safe work environment. The move ends a six-year-long dispute that began in 2016 with a federal civil rights complaint filed by team members and escalated to a lawsuit in 2019 against US Soccer. The new agreements mark the first time a Fifa club has equalized World Cup prize money, with the US women\u2019s soccer team to be among the highest paid national football teams in the world, writes the <a href=\"https:\/\/www.ft.com\/content\/97e347ed-d698-4e8c-b0ef-2ca759bfa422\">Financial Times<\/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\/burger-king\/\">Burger King<\/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\/gender\/\">gender<\/a>\n 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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-05\"><\/a> <strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81303831\">The Lincoln Lawyer<\/a><\/strong><strong> features an LA lawyer who runs his practice out of his Lincoln<\/strong><strong> Town Car: <\/strong>The new Netflix law drama is based on Michael Connelly's bestselling novels and follows Mickey Haller (played by Manuel Garcia-Ruffalo), an iconoclastic and idealistic lawyer. Haller has recently regained his footing in the law world after being sidelined for a year due to a substance abuse problem. The lawyer has quite the comeback as he soon inherits Hollywood lawyer Jerry Vincent\u2019s practice after Vincent is harshly murdered. With the practice comes a huge case that could propel Haller to law fame: The defense of Trevor Elliott, a tech bn\u2019aire accused of murdering his wife and her lover. However, as he delves further into the investigation he realizes that Vincent\u2019s death may have been tied to case \u2014 and that the murderer may be coming for him next.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> ? <strong>The quarterfinals of the CIB-sponsored PSA world squash championships kick off<\/strong><strong> this evening<\/strong>, with a total of four matches scheduled for tonight and another four taking place tomorrow evening.<\/p>\n<p><strong>In the women\u2019s category:<\/strong> We have an all-Egyptian showdown between World No.1 Nouran Gohar and Rowan El Araby at 6:45pm, followed by Nada Abbas (Egypt) v Amanda Sobhy (USA) at 8:15pm, with the victor from each of these two matches scheduled to meet on Saturday at 6:30pm. Tomorrow, Hania El Hammamy and Nour El Tayeb go head-to-head in another all-Egyptian quarter-final showdown at 8:15pm, while Egypt\u2019s Nour El Sherbini and England\u2019s Sarah-Jane Perry meet at 6:45pm. The victors from Friday\u2019s matches will compete in the second semi-final match on Saturday at 8:15pm.<\/p>\n<p><strong>In the men\u2019s category:<\/strong> World No.1 Paul Coll (New Zealand) v Tarek Momen (Egypt) is scheduled for 7:30pm tonight, followed by an all-Egyptian match between Fares Dessouky and Mohamed ElShorbagy at 9pm. Tomorrow, Egyptian champions Marwan ElShorbagy and Ali Farag battle it out at 7:30pm, while Egypt\u2019s Mostafa Asal meets Peru\u2019s Diego Elias at 9pm. The men\u2019s semi-final matches are also all scheduled for Saturday.<\/p>\n<p>\u26bd <strong>Today marks the conclusion of the 37th week of the English Premier League.<\/strong> There are three matches taking place on the last day of the penultimate round of the EPL: Everton v Crystal Palace at 8:45pm, as well as Chelsea v Leicester City and Aston Villa v Burnley at 9pm. The last matches of the league will take place on Sunday at 5pm.<\/p>\n<p><strong>The last week of the Spanish League begins on Friday <\/strong>with Real Madrid\u2019s match against Real Betis and Rayo Vallecano match against Levante, both at 9pm.<\/p>\n<p><strong>... and continues Saturday:<\/strong> Valencia will face Celta Vigo at 5:30pm.<\/p>\n<p><strong>The last round of the Italian League also begins on Friday: <\/strong>The match between Turin and Roma will kick off the last round at 8:45pm on Friday. Meanwhile, Saturday will see four matches played: Genoa v Bologna at 5:15pm, while at 8:45pm Fiorentina will play against Juventus, Atlanta against Empoli, and Lazio against Verona. The really exciting matches that decide the Serie A title will take place on Sunday.<\/p>\n<p><strong>Barcelona meets Lyon in the Women's Champions League final on Saturday at 7pm.<\/strong><\/p>\n<p><strong>The German Cup final is also on Saturday: <\/strong>The final will see SC Freiburg and RB Leipzig compete at 8pm.<\/p>\n<p><strong>In the Egyptian Premier League: <\/strong>Enppi faces Al Ahly on Saturday at 9pm, a meeting preceded by the Eastern Company\u2019s match against Smouha at 4pm, and El Gaish against El Mokawloon at 6:30pm.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>This one\u2019s for all you shawarma enthusiasts in East Cairo:<\/strong> <a href=\"https:\/\/www.instagram.com\/spin.eg\/\">Spin<\/a> delivers not one, not two, but four different kinds of shawarma styles from across the world. Whether you prefer Athen\u2019s signature beef gyros pita, Istanbul\u2019s delectable kebab doner, a garlicky chicken Damascus-style shawarma saj, or Cairo\u2019s very own beef shawarma Kaiser rolls with tahini \u2014 you\u2019re sure to find your favorite type. And if you\u2019re so inclined, you can skip the sandwiches and get their unique fried shawarma balls, shawarma caesar salad, shawarma fries, or their fatta platters. Spin has two locations in East Cairo: Chill Out North 90 St and Chill Out Madinaty before gate 1, or you can sit back and call them up for home delivery.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>REMINDER:<\/strong> <strong>Mega popular Youtuber <\/strong><strong><a href=\"https:\/\/www.youtube.com\/channel\/UCqW7G8SmyeEeQYzLOk5tdSg\">El Da7ee7<\/a><\/strong><strong> is holding a live show for the first<\/strong><strong> time ever tonight and tomorrow at the <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/695888808149298\/695888818149297\">Marquee at 9 pm<\/a><\/strong><strong>.<\/strong> With over 1 bn views, Ahmed El Ghandour has created one of the most popular shows in the region in which he hilariously educates viewers about a wide variety of topics.<\/p>\n<p><strong>Feel like some 90s nostalgia? Head to <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/1007324253242410\">Cairo Jazz Club 61<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/1007324253242410\">0<\/a><\/strong><strong> tomorrow at 8pm<\/strong>, where Bubblegum Kollectiv will shake up the dance floor with some of the best pop hits of the decade.<\/p>\n<p><strong>How about an al Fresco brunch this weekend? Sachi Park St<\/strong> <strong>is hosting its first-ever<\/strong> <strong><a href=\"https:\/\/www.facebook.com\/events\/563034295527300\/\">brunch on its terrace<\/a><\/strong><strong> this Saturday at 2 pm.<\/strong> Expect a flowing assortment of scrumptious sushi platters and some of the awardwinning restaurant\u2019s signature appetizers while DJ Dou spins his beats.<\/p>\n<p>? <strong>EARS TO THE GROUND-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>A true crime podcast that changed the course of a murder trial in Australia: <\/strong><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-teachers-pet\/id1385379989\">The<\/a><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-teachers-pet\/id1385379989\">Teacher's Pet<\/a> \u2014 hosted by investigative journalist Hedley Thomas \u2014 explores the unsolved murder of Lynette Dawson, who disappeared in 1982. The podcast suspected that Lynette\u2019s husband, Chris Dawson, was the culprit, particularly as he moved in with the couple\u2019s babysitter two days after Lynette\u2019s disappearance. The Teacher\u2019s Pet gained both global media attention and a cult following, putting pressure on Australian authorities to reopen the case. Chris Dawson \u2014 now 72 years old \u2014 is currently facing trial for his first wife\u2019s murder, with the babysitter in question <a href=\"https:\/\/www.newstalkzb.co.nz\/news\/world\/teachers-pet-case-murder-accused-chris-dawson-gave-his-wife-booze-so-he-could-sleep-with-babysitter\/\">testifying against him<\/a> this morning. To really understand the story, listen to Thomas\u2019 podcast, which shows the true skills of an investigative journalist and a great storyteller that managed to bring a man to justice 40 years after the fact.<\/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\/ears-to-the-ground\/\">ears to the ground<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eat-this-tonight\/\">Eat This Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"551021\" 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=\"551021\">\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\/19\/what-the-markets-are-doing-on-19-may-2022\/\">\r\n                            What the markets are doing on 19 May 2022                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/what-the-markets-are-doing-on-19-may-2022\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/what-the-markets-are-doing-on-19-may-2022\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/what-the-markets-are-doing-on-19-may-2022\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What the markets are doing on 19 May 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/what-the-markets-are-doing-on-19-may-2022\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/what-the-markets-are-doing-on-19-may-2022\/&title=What the markets are doing on 19 May 2022\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+the+markets+are+doing+on+19+May+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F19%2Fwhat-the-markets-are-doing-on-19-may-2022%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/what-the-markets-are-doing-on-19-may-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551021\" class=\"content-area-description single-story post-551021 post type-post status-publish format-standard hentry category-go-with-the-flow 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 ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 rose 0.8% at today\u2019s close<\/strong> on turnover of EGP 693 mn (19.8% below the 90-day average). Regional investors were net buyers. The index is down 11.7% YTD.<\/p>\n<p><strong>In the green: <\/strong>CIB (+2.9%), Orascom Construction (+2.9%) and Egypt Kuwait Holding-EGP (+2.9%).<\/p>\n<p><strong>In the red: <\/strong>MM Group (-3.3%), GB Auto (-2.1%) and AMOC (-2.1%).<\/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\/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=\"551022\" 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=\"551022\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/more-energy-doesnt-necessarily-mean-better-life\/\">\r\n                            More energy doesn\u2019t necessarily mean better life                        <\/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\/19\/more-energy-doesnt-necessarily-mean-better-life\/\" 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\/19\/more-energy-doesnt-necessarily-mean-better-life\/')\">\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\/19\/more-energy-doesnt-necessarily-mean-better-life\/\">\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=More energy doesn\u2019t necessarily mean better life&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/more-energy-doesnt-necessarily-mean-better-life\/\">\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\/19\/more-energy-doesnt-necessarily-mean-better-life\/&title=More energy doesn\u2019t necessarily mean better life\">\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=More+energy+doesn%E2%80%99t+necessarily+mean+better+life+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F19%2Fmore-energy-doesnt-necessarily-mean-better-life%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\/19\/more-energy-doesnt-necessarily-mean-better-life\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/500.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"551023\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/more-energy-doesnt-necessarily-mean-better-life\/500-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/500.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"500.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/500.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/500.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551022\" class=\"content-area-description single-story post-551022 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-energy tag-enterprisepm tag-green-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>The world doesn\u2019t necessarily need more energy \u2014 it needs to better distribute the <\/strong><strong>energy it\u2019s already producing.<\/strong> That\u2019s the conclusion of a recent <a href=\"https:\/\/esajournals.onlinelibrary.wiley.com\/doi\/10.1002\/ecs2.3978\">Stanford University study<\/a> which suggests that high levels of energy consumption only go so far to ensure human well-being.<\/p>\n<p><strong>Measuring well-being:<\/strong> Researchers looked at nine metrics such as life expectancy, infant mortality, happiness and economic performance and measured them against energy use in 140 countries from 1971-2018.<\/p>\n<p><strong>Rising energy consumption improves well-being:<\/strong> People across the world require energy to ensure well-being. Hospitals require electricity, power is needed for sanitation and clean water, and energy is needed for businesses and economic development. The more accessible energy is, the more a society can provide for its population\u2019s well-being.<\/p>\n<p><strong>But only up to a point:<\/strong> The study finds that there is a limit at which rising energy supply stops improving well-being. \u201cIn most countries that consume much more energy than the global average, further increasing energy use per capita might only marginally improve human well-being,\u201d <a href=\"https:\/\/news.stanford.edu\/press\/view\/43350\">said study coauthor Chenghao Wang<\/a>.<\/p>\n<p><strong>How much we consume each year:<\/strong> The global average energy consumption per capita is around 79 gigajoules (GJ) each year.<\/p>\n<p><strong>This is above the threshold pegged by the researchers:<\/strong> The study says that well-being as measured by eight of the nine metrics rise steeply then plateau at consumption levels of 10-75 GJ per person. Beyond this, life expectancy, infant mortality, happiness, food supply, and access to basic sanitation are unlikely to see much improvement, it claims.<\/p>\n<p><strong>Some countries are far above the limit: <\/strong>The average per-capita energy use in the US is 284 GJ thanks to the high use of cars and airplanes.<\/p>\n<p><strong>Others are far below it: <\/strong>Senegal, for example, has an annual energy consumption of 12 GJ per person, a level that has remained unchanged between 1971 and 2018.<\/p>\n<p><strong>That didn\u2019t stop it from improving at least one measure of well-being:<\/strong> Average life expectancy in the West African country increased by 20 years during the same time period, despite energy consumption remaining flat.<\/p>\n<p><strong>What this all means:<\/strong> \u201cIf distributed equitably, today\u2019s average global energy consumption of 79 GJ per person could, in principle, allow everyone on Earth to realize 95% or more of maximum performance across all metrics.\u201d<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-energy\/\">green energy<\/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=\"551024\" 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\/19\/551024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551024\" class=\"content-area-description single-story post-551024 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>19 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/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>23-24 May (Monday-Tuesday): The International Conference on Alternative Financing Opportunities in Egypt \u2026 Towards Sustainable Financing for Development, Marriott Hotel, Zamalek.<\/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>25-26 May: (Wednesday-Thursday): Fintech gathering FIN Expo Egypt is taking place at Intercontinental Citystars, Cairo, Egypt.<\/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>1-4 June (Wednesday-Saturday): The Islamic Development Bank will hold its <a href=\"https:\/\/www.isdb.org\/news\/the-arab-republic-of-egypt-to-host-2022-annual-meetings-of-islamic-development-bank-group-in-sharm-el-sheikh\">2022 annual meetings<\/a> in Sharm El Sheikh.<\/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":551013,"template":"","categories":[],"tags":[],"class_list":["post-551012","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"258aa029-012a-4f88-894a-6093674eb919","teaser":"","photo_url":"https:\/\/ent.news\/2022\/5\/59.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>The Central Bank of Egypt is meeting today to make a decision on interest rates - 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\/the-central-bank-of-egypt-is-meeting-today-to-make-a-decision-on-interest-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Central Bank of Egypt is meeting today to make a decision on interest rates\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/the-central-bank-of-egypt-is-meeting-today-to-make-a-decision-on-interest-rates\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:14:10+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\/59.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\/the-central-bank-of-egypt-is-meeting-today-to-make-a-decision-on-interest-rates\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/the-central-bank-of-egypt-is-meeting-today-to-make-a-decision-on-interest-rates\/\",\"name\":\"The Central Bank of Egypt is meeting today to make a decision on interest rates - 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