{"id":551440,"date":"2022-06-19T13:18:19","date_gmt":"2022-06-19T13:18:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=551440"},"modified":"2025-12-15T23:23:37","modified_gmt":"2025-12-15T23:23:37","slug":"its-a-busy-week-for-the-house","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-a-busy-week-for-the-house\/","title":{"rendered":"It\u2019s a busy week for the House"},"content":{"rendered":"<section id=\"551442\" 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=\"551442\">\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\/19\/this-evening-fy-2022-2023-budget-amendments-to-the-competition-act-currently-under-discussion-el-sisi-meets-with-leaders-of-bahrain-and-jordan\/\">\r\n                            THIS EVENING: FY 2022-2023 budget, amendments to the Competition Act currently under discussion + El Sisi meets with leaders of Bahrain and Jordan                        <\/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\/19\/this-evening-fy-2022-2023-budget-amendments-to-the-competition-act-currently-under-discussion-el-sisi-meets-with-leaders-of-bahrain-and-jordan\/\" 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\/19\/this-evening-fy-2022-2023-budget-amendments-to-the-competition-act-currently-under-discussion-el-sisi-meets-with-leaders-of-bahrain-and-jordan\/')\">\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\/19\/this-evening-fy-2022-2023-budget-amendments-to-the-competition-act-currently-under-discussion-el-sisi-meets-with-leaders-of-bahrain-and-jordan\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: FY 2022-2023 budget, amendments to the Competition Act currently under discussion + El Sisi meets with leaders of Bahrain and Jordan&url=https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/this-evening-fy-2022-2023-budget-amendments-to-the-competition-act-currently-under-discussion-el-sisi-meets-with-leaders-of-bahrain-and-jordan\/\">\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\/19\/this-evening-fy-2022-2023-budget-amendments-to-the-competition-act-currently-under-discussion-el-sisi-meets-with-leaders-of-bahrain-and-jordan\/&title=THIS EVENING: FY 2022-2023 budget, amendments to the Competition Act currently under discussion + El Sisi meets with leaders of Bahrain and Jordan\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+FY+2022-2023+budget%2C+amendments+to+the+Competition+Act+currently+under+discussion+%2B+El+Sisi+meets+with+leaders+of+Bahrain+and+Jordan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F06%2F19%2Fthis-evening-fy-2022-2023-budget-amendments-to-the-competition-act-currently-under-discussion-el-sisi-meets-with-leaders-of-bahrain-and-jordan%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\/19\/this-evening-fy-2022-2023-budget-amendments-to-the-competition-act-currently-under-discussion-el-sisi-meets-with-leaders-of-bahrain-and-jordan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551442\" class=\"content-area-description single-story post-551442 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-abdel-fattah-el-sisi tag-diplomacy tag-enterprisepm tag-fy-2022-2023-budget tag-house-of-representatives 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, ladies and gentlemen.<\/strong> It\u2019s a rather slow start to the week on the home front today as we shake off the weekend cobwebs.<\/p>\n<p><strong>It\u2019s also Father\u2019s Day today.<\/strong> Although it\u2019s not as widely recognized or celebrated here in Omm El Donia, we hope all the Dads out there get some love and recognition today.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>BUDGET DEBATE-<\/strong> MPs are now discussing the draft FY 2022-2023 budget and the <a href=\"https:\/\/ent.news\/2022\/5\/%D8%A8%D9%8A%D8%A7%D9%86-%D9%85%D8%B4%D8%B1%D8%B9-%D8%AE%D8%B7%D8%A9-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D8%A9-2022-2023-1-2.pdf\">development plan<\/a> in a plenary session at the House of Representatives. Representatives will likely put the budget to a final vote likely on Tuesday, House Budget and Planning Committee Chairman Fakhri El Fiqi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2e32b82-0b55-40a2-a5cb-edd2bcc2f1a0\">said last week<\/a>.<\/p>\n<p><strong>REFRESHER-<\/strong> The proposed budget, which Finance Minister Mohamed Maait and Planning Minister Hala El Said presented to parliament <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59023cb0-be71-414c-9041-8118c08c2965\">last month<\/a>, is a crisis spending plan the government revised as the global price of key commodities including oil and wheat started rising even faster than before thanks to Russia\u2019s invasion of Ukraine.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>It\u2019s a thoroughly mixed bag of nuts in the international press this afternoon.<\/strong> Whispers of a potential recession in the US are beginning to be heard, with economists now forecasting a 44% chance of recession in the next year, according to the <a href=\"https:\/\/www.wsj.com\/articles\/recession-probability-soars-as-inflation-worsens-11655631002?mod=hp_lead_pos2\">Wall Street Journal<\/a>. Recession fears are leading companies to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-19\/once-hot-stock-offering-market-buckles-under-recession-risk?srnd=premium-middle-east\">pull the brakes<\/a> on stock market debuts, while consumers are shifting their spending habits amid soaring inflation, piling pressure onto some industries such as real estate, <a href=\"https:\/\/www.cnbc.com\/2022\/06\/19\/inflation-and-recession-fears-are-squeezing-some-industries-more-than-others.html\">CNBC<\/a> reports.<\/p>\n<p><strong>HAPPENING NOW- <\/strong><\/p>\n<p><strong>The House Economic Committee will begin discussing proposed amendments to the<\/strong><strong> Competition Act.<\/strong> The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3582805e-b867-4076-9e5e-bff71e01f886\">proposed amendments<\/a>, which have been in limbo since last year, would require companies to notify the Egyptian Competition Authority (ECA) of mergers and acquisitions they plan to undertake, and grant the ECA the power to reject these transactions before they go through.<\/p>\n<p><strong>A<\/strong><strong> tripartite summit between Egypt, Jordan, and Bahrain is ongoing in Sharm El Sheikh<\/strong>, with President Abdel Fattah El Sisi meeting with Jordan\u2019s King Abdullah and Bahrain\u2019s King Hamad bin Isa Al Khalifa, according to an <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0auQLepTfBkWPTbBUgi65LaJPjio4xrBq642iVj7kk9N6aNtNyhMQ7xqPkyct2neel\">Ittihadiya statement<\/a>. Bahrain\u2019s leader arrived in Sharm <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88d8dcc6-b490-4893-b4bd-1ed8ea465d9a\">yesterday<\/a> where he held talks with El Sisi.<\/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>The Central Bank of Egypt is likely to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e0ac5ea-b877-4a5d-83df-de7dfd5a94c9\">leave interest rates unchanged<\/a><\/strong><strong> this week<\/strong> despite rising inflation and accelerating global monetary tightening, according to our regular analyst poll.<\/li>\n<li><strong>Egypt\u2019s imports of Russian wheat <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1b9226f9-5427-4ca2-a384-24faebf8b251\">climbed 84% y-o-y<\/a><\/strong><strong> in the three months from March to May<\/strong> despite disruption caused by the war in Ukraine.<\/li>\n<li><strong>Has the down round boogeyman come to Egypt?<\/strong> A number of startups in Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea5eb9c7-6b0c-428f-a102-78b147e5f7c9\">are facing<\/a> the prospect of down round financing \u2014 when a company sells shares at a lower price than its previous funding round \u2014 but will not be as dramatic as they are in the West.<\/li>\n<\/ul>\n<p class='web-image-inner'><img decoding=\"async\" data-recalc-dims=\"1\" style='display: block' src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Inside Industry day \u2014<\/strong> <strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> In a push to increase local manufacturing, the government has introduced reduced customs duties on several components and parts for everything from EVs to renewable energy. It has also provided customs reductions based on the percentage of local components used in the manufacturing process, in a bid to further encourage local industry. Enterprise has sifted through the numbers to outline where the new incentives reflect some of Egypt\u2019s current priorities and explains how to make sense of the accounting side of the new incentives.<\/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>HAPPENING THIS <\/strong><strong>WEEK-<\/strong><\/p>\n<p><strong>The Central Bank of Egypt\u2019s (CBE) Monetary Policy Committee meets this Thursday, 23<\/strong><strong> June to review interest rates.<\/strong> Our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e0ac5ea-b877-4a5d-83df-de7dfd5a94c9\">regular poll<\/a> of analysts and economists suggests the CBE will keep rates on hold, as it looks to adopt a wait-and-see approach on inflation and allow itself space to maneuver if inflation rates continue to rise.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The government\u2019s fuel pricing committee will meet in the first week of July<\/strong>, before Eid, to decide on prices at the pump, Oil Minister Tarek El Molla confirmed to Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=X-yPtM_AloQ\">watch, runtime: 2:13<\/a>). The committee\u2019s last quarterly meeting saw it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9aaaa681-2b1d-4712-b895-3c5d9795c8ce\">raise fuel prices by around 3%<\/a> amid a rise in global prices triggered by the war in Ukraine.<\/p>\n<p><strong>Amcham AGM this week:<\/strong> Our friends over at Amcham will hold their annual general meeting on Monday 27 June at the St. Regis Cairo Hotel. Finance Minister Mohamed Maait will address the gathering.<\/p>\n<p><strong>Conferences coming up this week and next: <\/strong><\/p>\n<ul>\n<li>The <strong><a href=\"https:\/\/buildersofegypt.com\/\">Egyptian Builders Forum<\/a><\/strong> takes place tomorrow at the JW Marriott Hotel Cairo.<\/li>\n<li><strong><a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/298129062496947\">The Aswan Forum for Sustainable Peace and Development<\/a><\/strong> will take place in Cairo later this week on 21-22 June (Tuesday-Wednesday).<\/li>\n<li><strong>The <\/strong><strong><a href=\"https:\/\/ent.news\/2022\/6\/Press-Release-The-Big-5-Construct-Egypt-exhibition-returns-in-June-with-the-participation-of-the-Egyptian-Armed-Forces-Engineering-Authority.pdf\">Big 5 Construct Egypt (pdf)<\/a><\/strong><strong> construction industry exhibition <\/strong>runs from 25-27 June at the Egypt International Exhibition Center (EIEC) in Cairo.<\/li>\n<\/ul>\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>Expect a daytime high of 38\u00b0C tomorrow in the capital city and a nighttime low of 21\u00b0C, our favorite weather app tells us.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fy-2022-2023-budget\/\">FY 2022-2023 budget<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/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=\"551443\" 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               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<\/div>\n<\/div>\n<\/section>\n<section id=\"551444\" 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=\"551444\">\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\/19\/the-most-recent-climate-conference-bodes-ill-for-cop27-meta-is-still-gathering-your-data-from-all-over-the-internet-and-businesses-are-to-blame\/\">\r\n                            The most recent climate conference bodes ill for COP27 + Meta is still gathering your data from all over the internet and businesses are to blame         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businesses are to blame\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+most+recent+climate+conference+bodes+ill+for+COP27+%2B+Meta+is+still+gathering+your+data+from+all+over+the+internet+and+businesses+are+to+blame+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F06%2F19%2Fthe-most-recent-climate-conference-bodes-ill-for-cop27-meta-is-still-gathering-your-data-from-all-over-the-internet-and-businesses-are-to-blame%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            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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/455.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/455.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551444\" class=\"content-area-description single-story post-551444 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-climate-change tag-cop27 tag-cryptocurrency tag-enterprisepm tag-for-your-commute tag-meta 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>A bad omen for COP27?<\/strong> The Bonn Climate Change Conference, during which the international community was supposed to prepare the agenda and decisions for adoption at COP27 later this year, ended last week with plenty of tension and little consensus, observers told the <a href=\"https:\/\/www.ft.com\/content\/9340eb3d-cd9e-4817-b7d3-40899cdce392?shareType=nongift\">Financial Times<\/a>. Financing was again at the heart of the disagreements: Accusations of betrayal were flung about as richer countries refused to cough up the funding poor nations say they need to mitigate the damage caused by climate change. Meanwhile, the US and EU once again pushed back against requests for a new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/962f6e69-864e-4f6d-8485-76935f1d0a2b\">loss and damage financing facility<\/a>, reflecting their inability to \u201crecognize their responsibility to have a frank discussion about what needs to be fixed to truly tackle loss and damage,\u201d one climate expert told the FT.<\/p>\n<p><strong>This cranks up the pressure on Egypt to ensure COP27 addresses the issue of loss and<\/strong><strong> damage financing.<\/strong> \u201cMajor political decisions, notably on finance for loss and damage, need to be taken at COP27 \u2026 We now need to ensure that Sharm el Sheikh will truly be the place where important promises of the Paris Agreement are turned into reality,\u201d UNFCCC Executive Secretary Patricia Espinosa <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-17\/climate-negotiations-in-bonn-end-amid-concern-of-cop27-flop?utm_campaign=socialflow-organic&utm_content=climate&utm_source=twitter&cmpid=socialflow-twitter-climate&utm_medium=social\">said<\/a>. The good news is that financing \u2014 particularly innovative financing tools, such as concessional lending \u2014 will be a core theme at COP27, International Cooperation Minister Rania Al Mashat <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4830c05b-7cf2-4399-9d96-0febc067bbe3\">has said<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Meta has found a new way to gather data from all over the internet\u2026 and with none<\/strong><strong> of the accountability: <\/strong>After the Facebook parent company faced what seemed like a never-ending line of privacy-related litigations, Meta still found a way to gather user data from the broader corners of the internet, according to <a href=\"https:\/\/themarkup.org\/pixel-hunt\/2022\/06\/16\/facebook-is-receiving-sensitive-medical-information-from-hospital-websites\">the Markup<\/a>. Meta has made its Pixel tracker available without charge to developers worldwide to embed into their business websites and gain valuable information such as user behavior on the site and their Facebook or Instagram pages. However, Pixel also gathers information and sends it back to Meta, with the blame now falling on the businesses who have failed to do enough research to protect their users.<\/p>\n<p><strong>The Markup<\/strong><strong> has <\/strong><strong><a href=\"https:\/\/themarkup.org\/series\/pixel-hunt\">created a series of studies<\/a><\/strong><strong> that show just how much access to sensitive information Meta has obtained through Pixel<\/strong>, with everything from hospitals to student aid offices having unwittingly provided Meta with much of their data. In their hospital investigation, for example, the Markup found that a third of the top 100 hospitals in the US were using Pixel, supplying Meta with data such as the patient\u2019s name, the time and date of their appointment, which doctor they were seeing, and even what medication they were prescribed. This violation of user privacy is often caused by a lack of technological understanding or reading the fine print before deploying Pixel on business websites.<\/p>\n<hr class=\"grey-line\">\n<p><strong>As crypto faces a global sell-off, questions are arising on whether the sector<\/strong><strong> needs to adopt a failsafe for its investors: <\/strong>One of the main dark spots in crypto\u2019s short-lived legacy is the lack of regulation in the industry which could theoretically lead to users losing access to their crypto in the case of bankruptcy. In the wake of a number of crypto exchanges crashing, <a href=\"https:\/\/www.vox.com\/recode\/23171782\/crypto-terra-ust-celsius-meltdown-crash-insurance\">Vox<\/a> poses the potential of crypto ins., which is slowly emerging in the startup world to protect crypto investors\u2019 assets. However, crypto ins. is still nascent and the majority of activity remains uninsured. There\u2019s also a lack of transparency as to what is covered and even if a crypto platform is insured, there\u2019s no certainty that individual crypto holders are fully protected. Nonetheless, in light of the current market turmoil, if crypto is to survive, there could soon be more failsafes in place to protect part of users\u2019 investments.<\/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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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           <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button 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section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"551447\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/meet-marvels-first-muslim-superhero-in-the-new-miniseries-ms-marvel-its-ahly-v-zamalek-day-a-pulitzer-laureate-explores-the-human-attempts-to-control-nature\/\">\r\n                            Meet Marvel\u2019s first Muslim superhero in the new miniseries Ms Marvel + It\u2019s Ahly v Zamalek day + A Pulitzer laureate explores the human attempts to control nature                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/456.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"456.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/456.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/456.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551447\" class=\"content-area-description single-story post-551447 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-eat-this-tonight tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><br \/> (all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Marvel\u2019s first Muslim superhero makes her debut in <\/strong><strong><a href=\"https:\/\/disneyplusoriginals.disney.com\/show\/ms-marvel\">Ms Marvel<\/a><\/strong><strong>: <\/strong>The highly-anticipated Ms Marvel show has dropped on Disney+. The show follows Kamala Khan (played by a charismatic Iman Vellani), a teenage Pakistani-American girl from New Jersey who doesn't exactly fit in with her high school peers. Kamala\u2019s life takes a turn when she gets the ability to channel cosmic energy from a magical bangle. The superhero is Marvel\u2019s first Muslim headliner, Ms Marvel, whose comic book series came to life in 2014. The miniseries deviates a bit from the source material, and somehow manages to exceed fans and critics\u2019 expectations. The show doesn\u2019t shy away from Khan\u2019s religion, and it manages a spectacular, refreshing feat: It defies Hollywood\u2019s typical representation of Muslims by treating them as an ordinary family. In the first episode, we meet Kamala's bearded brother as he prays, but it\u2019s not in advance of a sinister or terrorism-related offence; he was just praying in anticipation of his sister's driving exam \u2014 just like many siblings or parents do. Only two episodes are available to stream right now, and they are fun, full of witty, smart dialogue, and has us looking forward to the rest of the episodes, which drop every Wednesday.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> \u26bd <strong>Are you ready for the Cairo derby? It\u2019s Ahly v Zamalek day: <\/strong>The two teams will face off in the Egyptian Premier League at 8pm. The Whites are currently at the top of the league, 4 points ahead of the Reds \u2014 although Al Ahly has played three fewer games.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong><a href=\"https:\/\/www.instagram.com\/shawlaki.cafe\/?hl=en\">Shawlaki<\/a><\/strong> <strong>brings a modern-chic twist to oriental desserts and Levantine dishes and<\/strong><strong> desserts to West Cairo: <\/strong>The cafe offers delicious oriental dessert boxes that you can pick up any time at Capital Promenade, as well as an all-day dining menu, a healthy menu range, and signature coffee. There\u2019s an elegantly-designed, spacious indoor dining space as well as an outdoor seating area, which is lovely if the weather is cooperative. We particularly enjoyed their innovative breakfast dishes: If you head there in the morning, the Shakshuka Feteer is a must-try, and the Ta\u2019miyah Benedict is a fresh twist on the classical poached eggs dish, topped with pastrami slices and queso tahini sauce.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><br \/> (all times CLT)<\/p>\n<p><strong>Head to Rawabet Theater for a magical, uplifting performance of <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/1058778868348989\/1058778881682321\">Every Brilliant Thing:<\/a><\/strong> Duncan Macmillan\u2019s masterpiece has been translated into Arabic and adapted by director and producer Ahmed El Attar. The interactive play is originally a story of a young boy whose mom attempts suicide. To cope with this difficult experience, the son begins writing a list of every brilliant thing that makes life worth living. Actress Nanda Mohamed stars in this superb monodrama \u2014 you can catch her today and tomorrow at Rawabet Theater at 8pm.<\/p>\n<p><strong>Also today: B\u2019naire Naguib Sawiris\u2019 kicks off his DJ career: <\/strong>The Egyptian business tycoon is adding a new skill to his roster and taking the stage as a DJ at Zamalek\u2019s The Museum tonight at <a href=\"https:\/\/www.instagram.com\/p\/CetmCxerZKk\/?igshid=YmMyMTA2M2Y=\">Bibo\u2019s Music Night<\/a>.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Take a hard look at the planet we\u2019re creating in <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Under-White-Sky-Nature-Future\/dp\/0593136276\">Under a White Sky: The Nature of the<\/a><\/strong><strong><a href=\"https:\/\/www.amazon.com\/Under-White-Sky-Nature-Future\/dp\/0593136276\">Future<\/a><\/strong><strong>.<\/strong> In her most recent book, Pulitzer laureate Elizabeth Kolbert explores the human attempts to control nature with technology and concludes that even the best-intentioned technological fixes risk making our environment worse off. \u201cSolving one set of problems introduces new ones,\u201d Kolbert warns, because instead of reconsidering our behavior, humans prefer to look for workarounds for the ill consequences of that behavior. Through skillful writing and reporting, Kolbert examines challenges that different regions in the world are facing. She takes us with her to these local ecosystems, as we listen to the thoughts of the people tasked with addressing them. Kolbert\u2019s strength lies in simply explaining the issues real people are facing, rather than giving us a preachy, apocalyptic warning. A word of caution: Don\u2019t take this book to the beach, this is a very serious read on climate intervention.<\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"551449\" 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=\"551449\">\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\/19\/earnings-watch-oih\/\">\r\n                            Earnings watch: OIH                        <\/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\/19\/earnings-watch-oih\/\" 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\/19\/earnings-watch-oih\/')\">\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\/19\/earnings-watch-oih\/\">\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: OIH&url=https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/earnings-watch-oih\/\">\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\/19\/earnings-watch-oih\/&title=Earnings watch: OIH\">\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+OIH+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F06%2F19%2Fearnings-watch-oih%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\/19\/earnings-watch-oih\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551449\" class=\"content-area-description single-story post-551449 post type-post status-publish format-standard hentry category-go-with-the-flow tag-earnings-watch tag-egx tag-enterprisepm tag-go-with-the-flow tag-orascom-investment-holding wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EARNINGS WATCH-<\/strong><\/p>\n<p><strong>Orascom Investment Holding turned to the black in 1Q2022<\/strong> to report EGP 86.5 mn after reporting a loss of EGP 31 mn in the same quarter last year, the company\u2019s <a href=\"https:\/\/ent.news\/2022\/6\/oih-signed-consolidated-fs-for-q1-2022.pdf\">financials (pdf)<\/a>for the quarter showed. Operating revenues rose 51% to EGP 8 mn in the first quarter, compared to EGP 5.3 mn in the corresponding period last year.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 fell 1.4% at today\u2019s close<\/strong> on turnover of EGP 431 mn (48.7% below the 90-day average). Foreign investors were net sellers. The index is down 18.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>Abu Dhabi Islamic Bank Egypt (+3.5%), Cleopatra Hospitals (+2.3%) and Housing and Development Bank (+0.5%).<\/p>\n<p><strong>In the red: <\/strong>Qalaa Holdings (-4.7%), GB Auto (-4.5%) and MM Group (-4.2%).<\/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-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-investment-holding\/\">Orascom Investment Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull inside-industry vertical-section wide-section wp-block-group issue-section\" id=\"551450\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27470.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly look at the issues, trends, and policies that are shaping Egypt's manufacturing industries.                <\/p>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Sunday in EnterprisePM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/inside-industry\/\">\r\n                            Read Inside Industry                            \r\n                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">4<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/egypt-works-to-gather-momentum-for-its-localization-push\/\">  \r\n                            Egypt works to gather momentum for its localization push<\/a>\r\n                        <\/h3>\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\/inside_industry\/egypt-works-to-gather-momentum-for-its-localization-push\/\" 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\/inside_industry\/egypt-works-to-gather-momentum-for-its-localization-push\/')\">\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\/inside_industry\/egypt-works-to-gather-momentum-for-its-localization-push\/\">\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=Egypt works to gather momentum for its localization push&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/egypt-works-to-gather-momentum-for-its-localization-push\/\">\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\/inside_industry\/egypt-works-to-gather-momentum-for-its-localization-push\/&title=Egypt works to gather momentum for its localization push\">\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=Egypt+works+to+gather+momentum+for+its+localization+push+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Fegypt-works-to-gather-momentum-for-its-localization-push%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>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/egypt-works-to-gather-momentum-for-its-localization-push\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/458.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"551451\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/egypt-works-to-gather-momentum-for-its-localization-push\/458-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/458.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"458.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/458.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/458.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-551450\" class=\"content-area-description post-551450 inside_industry type-inside_industry status-publish has-post-thumbnail hentry tag-automotive tag-customs tag-enterprise-inside-industry tag-enterprisepm tag-renewable-energy tag-trade 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>By the numbers \u2014 <\/strong><strong>The new customs breaks coming to your industry<\/strong><strong>: <\/strong>Egypt has been undertaking several measures to tip the trade balance in our favor by putting incentives that encourage producing complete products or components within the country. The shift in focus has seen the country study an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6a0830c-1bb6-4222-90da-19da315d1840\">import substitution strategy<\/a> as well as introduce the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a483336-63e2-45b1-9cf1-d0eb0e8a42f4\">Egyptian Automotive Industry Development Program<\/a> that aims to help automakers locally manufacture EVs and other vehicles. On the other side of the equation, Egypt is aiming to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af29ce7f-ac37-42d5-9532-a5580fb40618\">increase exports to USD 60 bn<\/a> a year by 2025 as part of the government\u2019s new structural reform program which would also require increasing products coming out of the country.<\/p>\n<p><strong>There are two pillars being simultaneously implemented \u2014 reducing customs + encouraging local component usage:<\/strong> The House of Representatives gave its final approval to a presidential decree <a href=\"https:\/\/ent.news\/2022\/6\/customs-breakdown-2022.pdf\">amending customs duties (pdf)<\/a> on hundreds of imports <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7e87c52-f3e1-49dd-93ae-3d18b8287074\">in early June<\/a> as the country changes policies in efforts to make local manufacturing more viable. The Madbouly cabinet also introduced additional customs reductions for manufacturers based on their percentage of local components.<\/p>\n<p><strong>The reductions in customs seem to reflect the government\u2019s targets in the coming period. <\/strong>Priority areas that the government has been working on are getting a leg up with the custom reductions. These include:<\/p>\n<p><strong>Auto: <\/strong>Before the amendments, tariffs on automotives and their components ranged from 5-40% based on the component type. However, now the sector will pay a unified 2% import tariff on necessary components and equipment such as those to operate electric vehicle charging stations and natural gas-powered vehicle fueling stations, as well as on electric motors, batteries, control units, and ventilation systems used in electric buses. Meanwhile, natgas-powered cars will see 2% in tariffs compared to a previous 30%.<\/p>\n<p><strong>Renewables: <\/strong>Solar and wind components will be subject to a 2% import tariff as opposed to the previous 10% duty that was imposed before the amendments.<\/p>\n<p><strong>Transportation:<\/strong> A wider range of transportation industries will also need to pay the 2% rate on equipment and parts for railways, tractors, ships, aircrafts.<\/p>\n<p><strong>Metals: <\/strong>Raw materials such as iron, manganese, copper, aluminum, and lead ores will now see a 5% custom tariff compared to 10% previously.<\/p>\n<p><strong>Cement and coal:<\/strong> Meanwhile, production inputs for the cement industry are now subject to 0-5% in customs instead of 10%. Coal, an all important energy source for the sector, will see tariffs falling to 2% from 5% currently.<\/p>\n<p><strong>Agricultural inputs: <\/strong>A 2% import tariff will be imposed on fertilizers and seeds, compared to 5% previously.<\/p>\n<p><strong>And if you use local components, you\u2019ll get an additional reduction on customs: <\/strong>The government outlined a tiered system based on the percentage of local components used to manufacture the complete product. The discounts will be available for all sectors of the economy, from electronics to automotives, Finance Ministry Advisor Magdy Abdelaziz told Enterprise.<\/p>\n<p><strong>The formula: <\/strong>The government has set a reduction rate for every tier of the amount of local components used. Multiplying the local component percentage and the reduction rate would give you the overall custom break percentage. For example, if your local component percentage is 50%, and your reduction rate is 120% of the local component percentage. You\u2019d then multiply (0.5 x 1.2) to get 60%. That 60% is then taken off the overall customs you need to pay for a component imported from abroad. So if your import tariffs are EGP 5 on a component, you\u2019d only end up paying EGP 2.<\/p>\n<p><strong>The breakdown for the local component-based customs breaks: <\/strong><\/p>\n<ul>\n<li>If the percentage of local components used is between 10-20%, the reduction rate will be 105%. Total customs for imported components would be reduced 10.5-21%.<\/li>\n<li>If the local component percentage is between 20-30%, the reduction rate will be 110%. Total customs for imported components would be reduced 22-33%.<\/li>\n<li>If the percentage is between 30-40%, the reduction rate will be 115%. Total customs for imported components would be reduced 34.5-46%.<\/li>\n<li>If the percentage is between 40-60%, the reduction rate will be 120%. Total customs for imported components would be reduced 48-72%.<\/li>\n<li>If the percentage of local components used is more than 60%, the reduction rate is 130%. The discounts would start from 78% with a maximum ceiling of 90%.<\/li>\n<\/ul>\n<p><strong>The amendments have garnered a thumbs up from the people we talked to: <\/strong>The new customs tariffs will reduce prices by lowering costs for manufacturers on their inputs and machinery, said Matta Bishai, the head of the Internal Trade Committee of the Importers Division of the Federation of Chambers of Commerce. This will also support their ability to export abroad as pricing will be more competitive, he added.<\/p>\n<p><strong>And could also support more investment: <\/strong>The customs amendments could also pave the way for increased local and foreign investment in Egypt, Ahmed Abdel Wahed, head of the Customs Division at the Federation of Egyptian Chambers of Commerce. Foreign companies may be more incentivized to set up factories in Egypt considering the reduced cost of production, Abdel Wahed added.<\/p>\n<hr class=\"grey-line\">\n<p>Your top industrial development stories for the week:<\/p>\n<ul>\n<li><strong>A new car assembly factory:<\/strong> Egyptian International Motors, the Suez Canal Economic Zone, the Sovereign Fund of Egypt and the East Port Said Development Company<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d85d54ff-5ca1-41bf-a2af-5e606e9c121a\">signed an MoU<\/a> to explore building a factory capable of producing 75k cars a year.<\/li>\n<li><strong>Investment roadshow continues: <\/strong>Finance Minister Mohamed Maait <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/601eada0-bdcc-4f65-829e-5751a06208bc\">has invited South Korean companies<\/a> to invest in our agriculture, industry, transportation, energy, and water sectors.<\/li>\n<li><strong>Pfizer will provide Egypt with the technology <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72f8b22f-6c98-4949-b2a3-be55dc3948bc\">to produce<\/a><\/strong><strong> vaccines<\/strong> that prevent pneumococcal infections.<\/li>\n<li><strong>Gamea talks RIZ:<\/strong> Trade and Industry Minister Nevine Gamea <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72f8b22f-6c98-4949-b2a3-be55dc3948bc\">discussed updates<\/a> on the planned Russian Industrial Zone (RIZ) with Russian counterpart Denis Manturov during her participation in SPIEF.<\/li>\n<\/ul>\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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs\/\">customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"551452\" 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\/19\/551452\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551452\" class=\"content-area-description single-story post-551452 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>JUNE<\/strong><\/p>\n<p>20 June (Monday): Egyptian Builders Forum, JW Marriott Hotel Cairo.<\/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>25-27 June (Saturday-Monday): <a href=\"https:\/\/www.thebig5constructegypt.com\/lp\/egypts-first-construction-event-of-the-year\/?utm_source=google&utm_medium=cpc&utm_campaign=S%20%7C%20B%20%7C%20Big%205%20Construct%20Egypt%202022%20%7C%20Visprom&gclid=CjwKCAjwkYGVBhArEiwA4sZLuFPGjHXtn7AtCca0mNtaB726ieUKPUKa_G0f53B_komYEEq81zjnzxoCId4QAvD_BwE\">Big 5 Construct<\/a>, Egypt International Exhibition Center.<\/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 (Monday): Amcham annual general meeting, St. Regis Cairo Hotel.<\/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: Egypt and Israel will <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-03\/eu-egypt-near-gas-supply-deal-in-shift-away-from-russia?sref=mmeFTDW1\">sign an agreement<\/a> with the EU to increase LNG exports.<\/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: Actis\u2019 expected sale of its majority stake in Lekela to Infinity and Masdar\u2019s Infinity Power.<\/p>\n<p>First week of July: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>First week of July: The national dialogue called for by President Abdel Fattah El Sisi kicks off.<\/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>August: Sharm El Sheikh will host the African Sumo Championship<\/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: Estate Waves Egypt will launch <a href=\"https:\/\/bit.ly\/3zH4mEK\">its first real estate exhibition<\/a> through metaverse technology in September.<\/p>\n<p>September: Central Bank of Egypt\u2019s Innovation and Financial Technology Center to launch incubator for 25 fintech startups.<\/p>\n<p>6-9 September (Tuesday-Friday): Gate Travel Expo 2022, El Kobba Palace, Cairo.<\/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&ndash;27 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> chaired by CBE Governor Tarek Amer, Washington, DC.<\/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 COP27 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":551441,"template":"","categories":[],"tags":[],"class_list":["post-551440","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"42cc23f5-f3cd-4e61-bcd0-d0beb3e4091a","teaser":"","photo_url":"https:\/\/ent.news\/2022\/6\/74.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>It\u2019s a busy week for the House - 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\/its-a-busy-week-for-the-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s a busy week for the House\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-a-busy-week-for-the-house\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:23:37+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\/74.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\/its-a-busy-week-for-the-house\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-a-busy-week-for-the-house\/\",\"name\":\"It\u2019s a busy week for the House - 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