{"id":551198,"date":"2022-06-01T13:43:54","date_gmt":"2022-06-01T13:43:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=551198"},"modified":"2025-12-15T23:18:16","modified_gmt":"2025-12-15T23:18:16","slug":"theres-more-ev-and-factory-automation-uptake-afoot","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/theres-more-ev-and-factory-automation-uptake-afoot\/","title":{"rendered":"There\u2019s more EV and factory automation uptake afoot"},"content":{"rendered":"<section id=\"551200\" 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=\"551200\">\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\/06\/01\/this-evening-h2-industries-signs-usd-4-bn-mou-for-egypts-first-waste-to-hydrogen-plant-el-sisi-talks-food-energy-migration-with-eus-varhelyi\/\">\r\n                            THIS EVENING: H2 Industries signs USD 4 bn MoU for Egypt\u2019s first waste-to-hydrogen plant + El Sisi talks food + energy + migration with EU\u2019s Varhelyi                        <\/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\/06\/01\/this-evening-h2-industries-signs-usd-4-bn-mou-for-egypts-first-waste-to-hydrogen-plant-el-sisi-talks-food-energy-migration-with-eus-varhelyi\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The plant will cost USD 4 bn to establish, the statement said. The company is set to get its ducks in a row before signing final contracts during COP27 in November in Sharm El Sheikh.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Leading the conversation in the international press this afternoon:<\/strong> Russian troops are closing in on the center of the Ukrainian industrial city of Sievierodonetsk, which \u201chas been the main focus of their ground offensive for several weeks,\u201d <a href=\"https:\/\/www.reuters.com\/world\/europe\/us-agrees-send-advanced-rockets-ukraine-2022-06-01\/\">Reuters<\/a> reports, citing Ukraine's General Staff. The advance comes as US President Joe Biden said Washington would provide Kyiv with precision rocket systems as part of a USD 700 mn weapons supply package that is expected to be announced later today.<\/p>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>El Sisi talks food + energy + migration with EU\u2019s Varhelyi:<\/strong> EU Commissioner for Neighborhood and Enlargement Olivier Varhelyi discussed \u201cfood and energy security issues and our further cooperation on migration\u201d with President Abdel Fattah El Sisi <a href=\"https:\/\/twitter.com\/OliverVarhelyi\/status\/1531966020281372673\">in a meeting<\/a> that wrapped a few minutes ago. Varhelyi yesterday <a href=\"https:\/\/bit.ly\/3m4pCfH\">attended the signing ceremony<\/a> for the project to expand the Helwan wastewater treatment plan, which is being backed with a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d5450603-b95c-4cb3-88aa-667655d9ce03\">EUR 78 mn loan<\/a> from the European Investment Bank.<\/p>\n<p><strong>The Islamic Development Bank\u2019s 2022 annual meetings kicked off this morning<\/strong> and wrap this Saturday, 4 June in Sharm El Sheikh. Stay tuned for updates from the meetings, which Enterprise is attending.<\/p>\n<p>The Islamic Corporation for the Ins. of Investment and Export Credit will hold two high-level parallel meetings on climate action and digital transformation during IsDB\u2019s annual meetings.<\/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>Is the Manpower Ministry about to enforce a 1% tithe on corporate net income?<\/strong> The House of Representatives needs to move quickly if it wants to prevent every business with more than 10 people on payroll from being hit with a new(ish) 1% tithe on net income as the Manpower Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f406a6d1-f5d7-483d-b093-e42366f16d7d\">looks at how to enforce a recent decision<\/a>.<\/li>\n<li><strong>We could be finally getting our hands on some Ukrainian wheat:<\/strong> A shipment of Ukrainian wheat will soon make its way to Egypt from Romania, Egyptian Holding Company for Silos & Storage official <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f16238a-c802-41a4-8b2a-754e888411e2\">Yasser Tawfik said<\/a>.<\/li>\n<li><strong>Plans to link our electricity grid with Greece could move faster after the shunning of Russian fossil fuels:<\/strong> The Greek developer of a proposed direct link between the electricity grids of Egypt and Greece <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb41cd3c-8caa-4f64-8682-be3dbf55dd71\">expects the EU to accelerate<\/a> the project as the bloc looks to transition away from Russian fossil fuels<\/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>NEWS TRIGGERS <\/strong>you\u2019ll want to keep an eye on as the new month gets underway:<\/p>\n<ul>\n<li><strong>PMI: <\/strong>Purchasing managers\u2019 index figures for May will be released next Sunday, 5 June. Saudi Arabia\u2019s PMI will be out the same day, and the UAE data is released on Friday, 3 June;<\/li>\n<li><strong>Foreign reserves <\/strong>figures for May should be announced sometime next week;<\/li>\n<li><strong>Inflation figures<\/strong> for May are due out at the end of the week from state statistics agency Capmas) and Sunday, 12 June (central bank figures);<\/li>\n<li><strong>Capmas\u2019 monthly bulletin covering the price of key building materials<\/strong> is due out on 5 June;<\/li>\n<li><strong>The Central Bank of Egypt\u2019s monetary policy committee meets<\/strong> next on Thursday, 23 June.<\/li>\n<\/ul>\n<p><strong>Conference season continues next week:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.africahealthexcon.com\/\">Africa Health ExCon<\/a><\/strong><strong> runs from Sunday-Tuesday, 5-7 June<\/strong> at Al Manara International Conference Center, Egypt International Exhibitions Center, and the St. Regis Almasa Hotel in the new administrative capital.<\/li>\n<li><strong>Technology conference <\/strong><strong><a href=\"https:\/\/www.eventbrite.com\/e\/tech-invest-4-tickets-338929546397\">Tech Invest 4<\/a><\/strong><strong> will take place next Tuesday, 7 June<\/strong> at the Grand Nile Hotel in Cairo.<\/li>\n<\/ul>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>It\u2019s going to be more or less the same weather as we\u2019re having today, with a daytime high of 35\u00b0C and a nighttime low of 22\u00b0C, according to our favorite weather app.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/h2-industries\/\">H2 industries<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/olivier-varhelyi\/\">Olivier Varhelyi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/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=\"551201\" 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=\"551201\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/551201\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551201\" class=\"content-area-description single-story post-551201 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\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=\"551202\" 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=\"551202\">\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\/06\/01\/faster-ev-transition-an-unexpected-upside-of-war-a-tight-labor-market-is-pushing-more-factory-automation\/\">\r\n                            Faster EV transition: An unexpected upside of war + A tight labor market is pushing more factory automation                        <\/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 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/faster-ev-transition-an-unexpected-upside-of-war-a-tight-labor-market-is-pushing-more-factory-automation\/374-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/374.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"374.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/374.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/374.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551202\" class=\"content-area-description single-story post-551202 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-automation tag-automotive tag-enterprisepm tag-evs tag-for-your-commute tag-russia-ukraine-war 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> How the war in Ukraine could help speed up the transition to electric vehicles: <\/strong>A cheap component that bundles car cables together \u2014 the wire harness \u2014 has become a surprising casualty in the Ukraine war, in yet another blow to the auto industry, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/how-cheap-component-could-help-kill-off-combustion-cars-2022-05-30\/\">Reuters<\/a> reports, citing industry players and experts. Ukraine is responsible for a chunk of the world\u2019s production of supply harnesses and supplies have been choked since the onset of the war. While these low-tech parts do not command the world\u2019s respect like microchips, for instance, the truth is that cars can't be built without them. Their scarcity could lead to a quicker downfall of combustion cars and a faster transition by some legacy automakers to switch to a new generation of lighter harnesses designed for eEVs, industry players have predicted. \u201cThis is just one more rationale for the industry to make the transition to electric quicker,\u201d said Sam Fiorani, head of production forecasting firm AutoForecast Solutions.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>No workers, no problem: Robots pick up more factory jobs as companies struggle<\/strong><strong> to hire enough employees: <\/strong>More robots are popping up in assembly lines and factory floors as companies find new ways to deal with a tight labor market, robotics industry trade group Association for Advancing Automation said, according to the <a href=\"https:\/\/www.wsj.com\/articles\/robots-pick-up-more-work-at-busy-factories-11653822002?mod=hp_lista_pos4\">Wall Street Journal<\/a>. During the first quarter of the year alone, workplace robot orders in the US jumped by 40% y-o-y, but US manufacturers continue to trail behind other industrialized countries such as South Korea, Japan and Germany, according to the International Federation of Robotics. But the current shortage of workers, along with rising wages, are leading to an attitude shift towards utilizing more robots for more advanced roles. \u201cBefore, you could throw people at a problem instead of finding a more elegant solution,\u201d said Joe Montano, chief executive officer of Delphon Industries LLC, a maker of packaging for semiconductors, medical devices and aerospace components.<\/p>\n<p><strong>US investment firm Redbird Capital Partners has signed a definitive agreement to acquire<\/strong><strong> Serie A champions AC Milan in a EUR 1.2 bn transaction<\/strong>, the football club said in <a href=\"https:\/\/www.acmilan.com\/en\/news\/articles\/club\/2022-06-01\/redbird-capital-partners-enters-into-agreement-with-elliott-advisors-to-acquire-ac-milan\">a statement<\/a> today. Redbird will be acquiring the club from its current owners, Elliott Advisors UK, who will \u201cretain a minority financial interest in the club and seats on the Board of Directors.\u201d The agreement is expected to close \u201cno later than September 2022,\u201d with the leadership transition expected to happen over the summer, according to the statement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automation\/\">automation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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                   <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/375.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"551206\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/wrong-side-of-the-tracks-will-have-you-rooting-for-an-angry-arrogant-man-afcon-2023-qualifiers-kick-off-today\/375-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/375.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"375.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/375.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/375.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551205\" class=\"content-area-description single-story post-551205 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><br \/> (all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>You\u2019ll find yourself rooting for one angry, arrogant man in <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81478080\">Wrong Side of the<\/a><\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81478080\">Tracks<\/a><\/strong><strong>.<\/strong> Netflix\u2019s new Spanish crime drama is a witty, gritty, and suspense-ridden show worth watching. The series follows Tirso Abantos \u2014 stellarly played by Jos\u00e9 Coronado \u2014 a war veteran who runs a hardware store in Madrid and misses the thrill of his former life. So when Tirso discovers that his granddaughter Irene has gotten mixed up with dangerous local thugs and drug dealers, he takes matters into his own hands. Over the span of eight episodes, many interesting characters collide while managing to remain raw, authentic, and refreshingly realistic. Just like in real life, Tirso struggles and faces setbacks while trying to reach his goal. And good news: The show\u2019s second season just finished airing in Spain, which hopefully means Netflix could add the episodes for our streaming pleasure soon.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> \u26bd <strong>AFCON qualifiers take center stage:<\/strong> The group phase of the 2023 Africa Cup of Nations qualifiers kicks off today, as the journey to the next tournament in the Ivory Coast begins. Ghana will face Madagascar at 9pm, with two games taking place at 6pm: Libya v Botswana, and Angola v Central African Republic.<\/p>\n<p><strong>ICYMI:<\/strong> The Pharaohs\u2019 new coach Ehab Galal has <a href=\"https:\/\/www.facebook.com\/efasocial\/posts\/2188865797936515\">announced<\/a> the <a href=\"https:\/\/www.facebook.com\/efasocial\/posts\/2188306134659148\">final squad<\/a> for our two opening games Guinea and Ethiopia.<\/p>\n<p><strong>IN OTHER FOOTBALL NEWS:<\/strong> French midfielder Paul Pogba will leave Manchester United at the end of the month when his contract expires, the <a href=\"https:\/\/www.manutd.com\/en\/news\/detail\/paul-pogba-will-leave-manchester-united-this-summer-after-six-year-stay-1-june-2022\">Premier League club<\/a> announced.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><br \/> (all times CLT)<\/p>\n<p><strong>Consoleya <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/706474560588336\/\">is hosting a Startup Meetup<\/a><\/strong><strong> event in collaboration with Wuilt at 6pm tonight.<\/strong> \u201cThe event covers different business-related topics like the e-commerce, legal, fintech & funding\u201d to help SMEs grow their operations online and offline.<\/p>\n<p><strong>Mazaher Ensemble is taking the stage at the<\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/420055299975147\/\">Egyptian Center for Culture & Arts<\/a><\/strong><strong> at 8 pm tonight <\/strong>for a women-led performance inspired by the traditional art of Zar music.<\/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\/Trouble-Happiness-Other-Stories\/dp\/0374605602\">The Trouble with Happiness<\/a><\/strong><strong> is a powerful yet unsettling collection of domestic noir short<\/strong><strong> stories<\/strong> by the iconic Danish writer Tove Ditlevson who was hailed by critics as a \u201cterrifying talent.\u201d These beautifully written 21 tales of marriage and family life in mid-century Copenhagen are just as grim as they are realistic \u2014 a husband chases away his wife's beloved cat because he feels threatened by her love for it, and a betrayed mother impulsively sacks her housekeeper. Themes of desire and despair coincide as women and men dream of becoming free of the roles assigned to them. The legacy of Ditlevson, who died in 1976, endures through these elegantly crafted words, drawing on autobiographical experiences to very different ends.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"551207\" 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=\"551207\">\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\/06\/01\/earnings-watch-sidpec-bottomline-rises-65-4-y-o-y-in-1q2022\/\">\r\n                            Earnings watch: Sidpec bottomline rises 65.4% y-o-y in 1Q2022                        <\/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\/06\/01\/earnings-watch-sidpec-bottomline-rises-65-4-y-o-y-in-1q2022\/\" 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\/06\/01\/earnings-watch-sidpec-bottomline-rises-65-4-y-o-y-in-1q2022\/')\">\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\/06\/01\/earnings-watch-sidpec-bottomline-rises-65-4-y-o-y-in-1q2022\/\">\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=Earnings watch: Sidpec bottomline rises 65.4% y-o-y in 1Q2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/earnings-watch-sidpec-bottomline-rises-65-4-y-o-y-in-1q2022\/\">\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\/06\/01\/earnings-watch-sidpec-bottomline-rises-65-4-y-o-y-in-1q2022\/&title=Earnings watch: Sidpec bottomline rises 65.4% y-o-y in 1Q2022\">\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=Earnings+watch%3A+Sidpec+bottomline+rises+65.4%25+y-o-y+in+1Q2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F06%2F01%2Fearnings-watch-sidpec-bottomline-rises-65-4-y-o-y-in-1q2022%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\/06\/01\/earnings-watch-sidpec-bottomline-rises-65-4-y-o-y-in-1q2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551207\" class=\"content-area-description single-story post-551207 post type-post status-publish format-standard hentry category-go-with-the-flow tag-earnings tag-enterprisepm tag-go-with-the-flow tag-sidi-kerir-petrochemicals 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>Sidi Kerir Petrochemicals (Sidpec) <\/strong><strong>reported a 65.4% y-o-y rise in its bottomline to <\/strong><strong>EGP<\/strong><strong> 251.07 mn<\/strong> <strong>in 1Q2022<\/strong>, according to its <a href=\"https:\/\/ent.news\/2022\/6\/%D8%B3%D9%8A%D8%AF%D9%89-%D9%83%D8%B1%D9%8A%D8%B1-%D9%82%D9%88%D8%A7%D8%A6%D9%85-%D9%85%D8%A7%D9%84%D9%8A%D8%A9-31-03-2022.pdf\">financials (pdf)<\/a>. Revenues jumped 61% to EGP 2.11 bn during the quarter.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The EGX30 fell 0.7% at today\u2019s close<\/strong> on turnover of EGP 653 mn (22.6% below the 90-day average). Foreign investors were net sellers. The index is down 15.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>Palm Hills Development (+5.5%), Cleopatra Hospital (+4.6%) and Rameda (+1.9%).<\/p>\n<p><strong>In the red:<\/strong>Ibn Sina Pharma (-4.3%), MM Group (-3.8%) and GB Auto (-3.7%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/sidi-kerir-petrochemicals\/\">Sidi Kerir Petrochemicals<\/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=\"551208\" 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=\"551208\">\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\">Climate<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/could-the-aviation-industry-really-ever-become-green\/\">\r\n                            Could the aviation industry really ever become green?                        <\/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\/06\/01\/could-the-aviation-industry-really-ever-become-green\/\" 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\/06\/01\/could-the-aviation-industry-really-ever-become-green\/')\">\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\/06\/01\/could-the-aviation-industry-really-ever-become-green\/\">\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=Could the aviation industry really ever become green?&url=https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/could-the-aviation-industry-really-ever-become-green\/\">\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\/06\/01\/could-the-aviation-industry-really-ever-become-green\/&title=Could the aviation industry really ever become green?\">\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=Could+the+aviation+industry+really+ever+become+green%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F06%2F01%2Fcould-the-aviation-industry-really-ever-become-green%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\/06\/01\/could-the-aviation-industry-really-ever-become-green\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/377.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"551209\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/could-the-aviation-industry-really-ever-become-green\/377-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/377.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"377.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/377.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/377.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551208\" class=\"content-area-description single-story post-551208 post type-post status-publish format-standard has-post-thumbnail hentry category-climate tag-aviation tag-climate tag-energy tag-enterprisepm tag-travel 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>Could the aviation industry really ever become green? <\/strong>While the slowdown in international travel and commuting ushered in by the pandemic brought energy-related pollution down 5.8% globally, <a href=\"https:\/\/www.iea.org\/articles\/global-energy-review-co2-emissions-in-2020\">according to the IEA<\/a>, there\u2019s still an inherent problem with how carbon-intensive the world\u2019s air travel system remains. The technological solutions needed to facilitate this overhaul are fairly clear: Alternative fuels will need to replace fossil fuel powered jet engines. The question that remains is how quickly we\u2019ll be able to make this transition a reality.<\/p>\n<p><strong>If you needed a reminder, flying is pretty bad for the environment: <\/strong>The tourism aviation industry alone is estimated to have contributed 5% to global greenhouse emissions in 2016 and that figure is on track to grow by at least 25% by 2030, according to <a href=\"https:\/\/www.unwto.org\/sustainable-development\/tourism-emissions-climate-change\">the World Tourism Organization<\/a>. Emissions from aviation <a href=\"https:\/\/theicct.org\/publication\/co2-emissions-from-commercial-aviation-2013-2018-and-2019\/\">grew 33% between 2013 and 2019<\/a>, and despite a small breather during the pandemic, is now returning to business as usual.<\/p>\n<p><strong>Sustainable aviation fuels could be part of the answer: <\/strong>There\u2019s a \u201cgrowing consensus that sustainable aviation fuels (SAFs) is the way to go, particularly in the short to medium term,\u201d Filip Cornelis, director for aviation at the European Commission, tells <a href=\"https:\/\/www.euronews.com\/next\/2021\/09\/09\/euronews-debates-will-flying-ever-be-green\">Euronews<\/a>. SAFs are biofuels that come from organic plant matter or municipal waste and <a href=\"https:\/\/www.energy.gov\/eere\/bioenergy\/sustainable-aviation-fuels\">only emit a fraction of the carbon<\/a> that fossil fuels do while containing just about the same amount of power.<\/p>\n<p><strong>But there\u2019s a catch: <\/strong>SAFs are expensive and adoption has been slow. Today, they account for just <a href=\"https:\/\/www.weforum.org\/agenda\/2022\/05\/why-businesses-are-choosing-to-fly-on-sustainable-aviation-fuel\/\">0.01% of all jet fuel<\/a>. \u201cBecause the sector is extremely competitive, no single airline can afford to suddenly become a major user of SAFs without defeating its competitive position. Because of that there\u2019s little production. Because there\u2019s little production, the prices are high,\" Cornelius said.<\/p>\n<p><strong>How are we supposed to get over this hurdle? <\/strong>Some have suggested that airlines be forced to purchase more of this kind of fuel. Others \u2014 particularly those in the airline industry \u2014 argue it would be more effective to force companies to produce more SAFs. \u201cWe should be putting an obligation on the fuel companies to produce it. There is a desire on the part of airlines to move in this direction, cost is a significant factor, but we have airlines investing in production of biofuels,\u201d Willie Wlash, the director-general of the International Air Transport Association (IATA), told Euronews.<\/p>\n<p><strong>Hydrogen is the long-term play: <\/strong>Hydrogen-powered aircraft could be the aviation industry\u2019s most promising alternative to fossil fuels. Already, the European Commission has committed some EUR 2 bn into developing these kinds of aircrafts. The airline industry is matching that figure and then some, Cornelius explains. While these developments are encouraging, we\u2019re still a long way away from rolling out hydrogen-powered aircraft and its supporting infrastructure at a large enough scale. We could be looking at <a href=\"https:\/\/www.weforum.org\/agenda\/2022\/05\/why-businesses-are-choosing-to-fly-on-sustainable-aviation-fuel\/\">another eight years<\/a> before we see a hydrogen passenger plane hit the market.<\/p>\n<p><strong>In the interim, improving navigation could be a useful step: <\/strong>\u201cBy improving the use of space and the way aircrafts take off and land, we could \"reduce emissions of CO2 by 15% in the coming years,\u201d said Edward Arkwright, deputy CEO of Groupe A\u00e9roports de Paris (ADP).<\/p>\n<p><strong>How would this work? <\/strong>By having aircrafts approach the runway closer to the ground rather than go through a gradual, engine-intensive landing process, aircrafts could require less fuel. Reducing the time aircraft spend idling on runways would also help. The problem is that these options would require costly investments and a considerable degree of coordination between lots of countries.<\/p>\n<p><strong>What about scrapping flight all together? <\/strong>Getting people to fly less might be a quick way to scale back emissions this decade, according to environmental nonprofit <a href=\"https:\/\/www.transportenvironment.org\/discover\/how-long-will-flying-less-remain-the-best-way-to-reduce-aviations-climate-impact\/\">Transport and Environment<\/a>, but it might be logistically difficult to actually do so quickly \u2014 especially considering the interconnectedness of the modern world.<\/p>\n<p><strong>Having said that: <\/strong>Less than <a href=\"https:\/\/www.iata.org\/en\/programs\/cargo\/\">1% of global trade<\/a> is conducted via air freight and only <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0959378020307779\">11% of people<\/a> around the world set foot on a plane in 2018.<\/p>\n<p><strong>Still, scaling back air travel could be a big help: <\/strong>Reducing air travel dramatically would serve as yet another interim measure to help curb the industry\u2019s damaging effects. When possible, trains and high speed railways could come to substitute many domestic travel needs while reconsidering international travel for a staycation wouldn\u2019t hurt either.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate\/\">Climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/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=\"551210\" 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\/06\/01\/551210\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551210\" class=\"content-area-description single-story post-551210 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 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>27 May-3 June (Friday-Friday): El Gouna International Squash Open 2022.<\/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>2-3 June (Thursday-Friday): Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) will hold two <a href=\"https:\/\/bit.ly\/3lB5YHK\">high-level parallel meetings<\/a> on climate action and digital transformation during IsDB\u2019s 2022 annual meetings in Sharm.<\/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>7 June (Tuesday): Technology conference <a href=\"https:\/\/www.eventbrite.com\/e\/tech-invest-4-tickets-338929546397\">Tech Invest 4<\/a>, Grand Nile Hotel, in Cairo.<\/p>\n<p>9 June (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>9 June (Thursday): <a href=\"https:\/\/digitransformationsummit.com\/egypt\/\">Digital Transformation Summit<\/a>, The Nile Ritz-Carlton, Cairo<\/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): <a href=\"https:\/\/ent.news\/2022\/5\/ER2FOOD-Event-Agenda-240522.pdf\">EU-Egypt Sustainable Food Value Chain conference<\/a>, Grand Nile Tower Hotel, Cairo.<\/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>21-23 June (Tuesday-Thursday): <a href=\"https:\/\/www.cweic.org\/cbf\/rwanda-2022\/\">Commonwealth Business Forum<\/a>, Kigali, Rwanda.<\/p>\n<p>23 June (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>26 June (Sunday): 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>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: 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>10-16 October (Monday-Sunday): <a href=\"https:\/\/www.imf.org\/en\/About\/Factsheets\/Annual-Spring-Meetings\">World Bank and IMF annual meetings<\/a>, Washington, DC, chaired by CBE Governor Tarek Amer<\/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>3-5 November (Thursday-Saturday): Egypt Fashion Week.<\/p>\n<p>4-6 November (Friday-Sunday): 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:\/\/www.cop27egy.com\/\">COP27<\/a> in Sharm El Sheikh.<\/p>\n<p>21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p><strong>DECEMBER<\/strong><\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>JANUARY 2023<\/strong><\/p>\n<p>January EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/p>\n<p>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>22-26 May (Monday-Friday): Egypt <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/african-development-bank-group-concludes-annual-meetings-governors-endorse-banks-vision-next-10-years-51974#:~:text=The%20new%20Board%20of%20Governors,from%2022%2D26%20May%202023.\">will host<\/a> the African Development Bank (AfDB) annual meetings in Sharm El Sheikh.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/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>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>End of 1H2022: Emirati industrial company M Glory Holding and the Military Production Ministry will begin the mass production of dual fuel pickup trucks that can run on natural gas.<\/p>\n<p>2H2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish above between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":551199,"template":"","categories":[],"tags":[],"class_list":["post-551198","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f36e5c24-a043-4a80-b961-ef451e81d67c","teaser":"","photo_url":"https:\/\/ent.news\/2022\/6\/50.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>There\u2019s more EV and factory automation uptake afoot - 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\/theres-more-ev-and-factory-automation-uptake-afoot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"There\u2019s more EV and factory automation uptake afoot\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/theres-more-ev-and-factory-automation-uptake-afoot\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:18:16+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/50.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\/theres-more-ev-and-factory-automation-uptake-afoot\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/theres-more-ev-and-factory-automation-uptake-afoot\/\",\"name\":\"There\u2019s more EV and factory automation uptake afoot - 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