{"id":551543,"date":"2022-06-26T13:14:08","date_gmt":"2022-06-26T13:14:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=551543"},"modified":"2025-12-15T23:25:54","modified_gmt":"2025-12-15T23:25:54","slug":"warmth-in-the-vc-nuclear-winter","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/warmth-in-the-vc-nuclear-winter\/","title":{"rendered":"Warmth in the VC nuclear winter?"},"content":{"rendered":"<section id=\"551545\" 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=\"551545\">\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\/26\/this-evening-govt-wants-to-extract-more-flour-from-wheat-g7-bans-russian-gold-imports-and-wants-price-caps-on-russian-oil\/\">\r\n                            THIS EVENING: Gov\u2019t wants to extract more flour from wheat + G7 bans Russian gold imports and wants price caps on Russian oil                        <\/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\/26\/this-evening-govt-wants-to-extract-more-flour-from-wheat-g7-bans-russian-gold-imports-and-wants-price-caps-on-russian-oil\/\" 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\/26\/this-evening-govt-wants-to-extract-more-flour-from-wheat-g7-bans-russian-gold-imports-and-wants-price-caps-on-russian-oil\/')\">\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\/26\/this-evening-govt-wants-to-extract-more-flour-from-wheat-g7-bans-russian-gold-imports-and-wants-price-caps-on-russian-oil\/\">\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: Gov\u2019t wants to extract more flour from wheat + G7 bans Russian gold imports and wants price caps on Russian oil&url=https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/this-evening-govt-wants-to-extract-more-flour-from-wheat-g7-bans-russian-gold-imports-and-wants-price-caps-on-russian-oil\/\">\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\/26\/this-evening-govt-wants-to-extract-more-flour-from-wheat-g7-bans-russian-gold-imports-and-wants-price-caps-on-russian-oil\/&title=THIS EVENING: Gov\u2019t wants to extract more flour from wheat + G7 bans Russian gold imports and wants price caps on Russian oil\">\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+Gov%E2%80%99t+wants+to+extract+more+flour+from+wheat+%2B+G7+bans+Russian+gold+imports+and+wants+price+caps+on+Russian+oil+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F06%2F26%2Fthis-evening-govt-wants-to-extract-more-flour-from-wheat-g7-bans-russian-gold-imports-and-wants-price-caps-on-russian-oil%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\/26\/this-evening-govt-wants-to-extract-more-flour-from-wheat-g7-bans-russian-gold-imports-and-wants-price-caps-on-russian-oil\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551545\" class=\"content-area-description single-story post-551545 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-abdel-fattah-el-sisi tag-e tag-enterprisepm tag-etisalat tag-g7 tag-oman tag-russia tag-subsidies tag-what-were-tracking-tonight tag-wheat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Happy Sunday, ladies and gentlemen.<\/strong> We have another relatively busy afternoon for you today, with some commodities news leading the pack so far.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Ramping up flour extraction from wheat to trim imports:<\/strong> The Madbouly government plans to trim wheat imports by 500k tons in FY 2022-2023 by extracting more flour from the grain to use for subsidized bread production, Supply Minister Ali El Moselhy said at a presser today, according to <a href=\"https:\/\/www.reuters.com\/world\/africa\/egypt-studies-raising-flour-extraction-875-82-used-subsidized-bread-2022-06-26\/\">Reuters<\/a>. The government is now looking to import some 5-5.5 mn tons of wheat for the upcoming fiscal year.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>The international press is awash with headlines related to Russia and the G7 this<\/strong><strong> afternoon.<\/strong> The two biggest stories leading the conversation so far are Russia launching missile strikes in the Ukrainian capital, Kyiv, which reportedly targeted an apartment building and a kindergarten, while G7 leaders are working on a package of new measures targeting Russia\u2019s economy. The Group of Seven is discussing a potential price cap on Russian oil, after agreeing to ban imports of Russian gold. The stories are getting ink in <a href=\"https:\/\/www.reuters.com\/world\/ukraine-suffers-major-setback-after-fall-sievierodonetsk-2022-06-26\/\">Reuters<\/a>, the <a href=\"https:\/\/www.ft.com\/content\/ee090a48-5407-496f-b0e4-1fe78f37495d\">Financial Times<\/a>, and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-25\/g-7-negotiators-put-russia-oil-price-cap-on-agenda-for-leaders?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>.<\/p>\n<p><strong>HAPPENING NOW- <\/strong><\/p>\n<p><strong>Etisalat Egypt has just unveiled its new brand identity, etisalat by e&<\/strong>, at an event Enterprise is currently attending. The launch of the new brand comes \u201cin line with the e& Group\u2019s recent positioning as the global technology and investment conglomerate that digitally empowers societies,\u201d Etisalat Egypt said in <a href=\"https:\/\/ent.news\/2022\/6\/Etisalat-egypt-by-e-English-PRL-26thof-June.docx.pdf\">a statement (pdf)<\/a>.<\/p>\n<p><strong>We\u2019ll have more details on this in tomorrow\u2019s edition of EnterpriseAM.<\/strong><\/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 (CBE) <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/83535286-8c60-4f96-abff-99018cbc0303\">kept interest rates unchanged<\/a><\/strong><strong> in its meeting last Thursday<\/strong>, breaking a run of rate hikes in its two previous meetings to tackle high inflation.<\/li>\n<li><strong>Thales, Orascom Construction and Colas Rail <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a14b5c42-4bce-480f-bd7a-765dbad6731c\">have landed<\/a><\/strong><strong> a USD 659 mn contract<\/strong> for construction work on the first phase of Cairo\u2019s fourth metro line.<\/li>\n<li><strong>GB Auto\u2019s car finance arm Drive Finance <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/135091b7-9840-40c6-a0bb-9a0f58ac8de0\">has closed<\/a><\/strong><strong> its first EGP 700 mn corporate bond issuance<\/strong> as part of a wider EGP 2 bn program.<\/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> As public consultations continue over the state\u2019s privatization plans, we talked to FMCG business leaders about what they think of the discussions and what else needs to happen in the food sector for the privatization push to play out well. From pricing to strategy to changing policies and regulations in the sector, the executives we talked to see positive potential for the move but think there are many necessary steps ahead before the initiative can really take off.<\/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>FOR TOMORROW-<\/strong> <strong>Amcham AGM:<\/strong> Our friends over at Amcham will hold their annual general meeting tomorrow at the St. Regis Cairo Hotel. Finance Minister Mohamed Maait will address the gathering.<\/p>\n<p><strong>President Abdel Fattah El Sisi heads to Oman tomorrow: <\/strong>El Sisi will hold talks with Omani officials over a two-day visit to the country that kicks off Monday, according to the state-run <a href=\"http:\/\/omannews.gov.om\/topics\/ar\/3\/show\/404056\/ona\">Oman News Agency (ONA<\/a>, which cites a statement from Oman\u2019s Diwan of Royal Court.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Key stats from OPEC drop Tuesday: <\/strong>The oil cartel will release its annual statistical bulletin on Tuesday, 28 June, the organization announced in a <a href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/6929.htm\">press release<\/a>. The flagship publication provides data on the global hydrocarbons industry, with a focus on the 13 OPEC member countries. Market watchers will be paying close attention to the figures this year, given rising energy prices brought on by a major supply-demand imbalance, the ongoing energy crisis in Europe, and ever-louder calls to transition away from polluting fossil fuels.<\/p>\n<p><strong>The deadline for companies to submit bids for the redevelopment of the National<\/strong> <strong>Democratic Party headquarters<\/strong> is this Thursday, 30 June.<\/p>\n<p><strong>The government\u2019s fuel pricing committee will likely meet to review fuel prices<\/strong> as part of its quarterly review sometime next week.<\/p>\n<p><strong>The national dialogue to set Egypt\u2019s political and economic roadmap will also kick off<\/strong> <strong>next week.<\/strong> President Abdel Fattah El Sisi had called for the dialogue in April. Check out our explainer on the dialogue, its agenda, participants, and targeted outcomes <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/618da10f-a3ed-44b3-92e6-b25ee5ff7eae\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect temperatures to rise to 38\u00b0C during the day tomorrow before falling to 22\u00b0C at night, our favorite weather app tells us.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/etisalat\/\">Etisalat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/g7\/\">G7<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/subsidies\/\">subsidies<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/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=\"551546\" 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=\"551546\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/551546\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551546\" class=\"content-area-description single-story post-551546 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 decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"551547\" 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=\"551547\">\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\/26\/us-based-green-hydrogen-startup-finds-usd-198-mn-worth-of-warmth-amidst-vc-nuclear-winter-engineer-shortage-complicates-japans-plans-to-revive-chip-industry\/\">\r\n                            US-based green hydrogen startup finds USD 198 mn-worth of warmth amidst VC nuclear winter + Engineer shortage complicates Japan\u2019s plans to revive chip industry                        <\/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\/26\/us-based-green-hydrogen-startup-finds-usd-198-mn-worth-of-warmth-amidst-vc-nuclear-winter-engineer-shortage-complicates-japans-plans-to-revive-chip-industry\/\" 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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    <\/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\/26\/us-based-green-hydrogen-startup-finds-usd-198-mn-worth-of-warmth-amidst-vc-nuclear-winter-engineer-shortage-complicates-japans-plans-to-revive-chip-industry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/492.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"551548\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/us-based-green-hydrogen-startup-finds-usd-198-mn-worth-of-warmth-amidst-vc-nuclear-winter-engineer-shortage-complicates-japans-plans-to-revive-chip-industry\/492-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/492.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"492.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/492.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/492.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551547\" class=\"content-area-description single-story post-551547 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-covid-19 tag-cryptocurrency tag-enterprisepm tag-for-your-commute tag-japan tag-labor tag-rwanda tag-semiconductors tag-startup-watch tag-vaccines tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> \u201c<strong>What VC nuclear winter?\u201d asks this green hydro startup:<\/strong> A US-based startup aiming to make green hydrogen more cost effective just raised USD 198 mn through a series B round. <a href=\"https:\/\/eh2.com\/\">Electric Hydrogen<\/a> raised the funds via a mixture of equity and venture debt, attracting the attention of US VCs <a href=\"https:\/\/fifthwall.com\/\">Fifth Wall Climate Tech<\/a> and <a href=\"https:\/\/www.s2gventures.com\/\">S2G Ventures<\/a>, lenders <a href=\"https:\/\/www.svb.com\/\">Silicon Valley Bank<\/a> and <a href=\"https:\/\/trinitycap.com\/\">Trinity Capital<\/a>, and industrial giants Honeywell, Mitsubishi, and Rio Tinto, it said in <a href=\"https:\/\/eh2.com\/electric-hydrogen-secures-198m-in-financing\/\">a statement<\/a>.<\/p>\n<p><strong>About Electric Hydrogen: <\/strong>The startup aims to help eliminate more than 30% of global GHG emissions from hard-to-electrify industries through pioneering new technology for low-cost, high-efficiency, zero-fossil hydrogen systems.<\/p>\n<p><strong>Why do we care?<\/strong> There has been a wave of \u201cdown rounds\u201d \u2014 when a company sells shares at a lower price than its previous funding round \u2014 happening <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bba991e8-413d-4ca5-9d74-71a8095ff1c2\">globally<\/a>, and that trend appears to have <a href=\"https:\/\/enterprise.press\/whatsnexts\/rounds-happening-egypt\/\">landed in Egypt<\/a> as well. Electric Hydrogen\u2019s series B round runs contrary to the VC slowdown narrative with a significant ticket size. Plus, the company\u2019s entire business is very relevant to Egypt\u2019s current energy policy, which has seen us attract plenty of investments into <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4bc9d7d8-f464-497b-8e60-270e76b44180\">green hydrogen projects<\/a>, including from Saudi Arabia\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/495756fd-2671-4978-b10a-7f23f4bcea99\">FAS Energy<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04b8d362-f915-49cd-8204-7e5366a0be03\">H2 Industries<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>A shortage of engineers is complicating Japan\u2019s plans to revive the chip industry:<\/strong> Japanese chipmakers such as Toshiba and Sony are flagging a lack of engineering talent needed to bolster the chip industry, threatening one of Japan\u2019s main areas to ensure economic security, the <a href=\"https:\/\/www.ft.com\/content\/b90da329-a2e5-486a-860f-a20a3afc707a\">Financial Times<\/a> reports, citing company sources and industry figures. The Japan Electronics and Information Technology Industries Association has warned the country\u2019s trade ministry that these next five years are the last chance for Japan\u2019s semiconductor industry to regain its footing. The domestic industry will need to hire 35k engineers over the next 10 years to keep up with the pace of investment, the association estimates. However, new engineering grads are now opting to join financial institutions or startups as the chip sector has long lost its charm. Major companies are now partnering up with universities to pour additional funding into chip research and recruitment at science departments in efforts to build up the talent pool.<\/p>\n<p><strong>El Salvador\u2019s nationwide crypto experiment is not going so great: <\/strong>It\u2019s been nine months since El Salvador\u2019s government officially adopted BTC as legal tender, which means that the cryptocurrency can be used to buy anything, from tacos to real estate, alongside El Salvador's other currency, the USD. But the crypto crash has prompted questions on whether the Central American country\u2019s gamble was the right decision. El Salvador\u2019s BTC investments are already worth half their value, after using USD 100 mn of public funds to buy BTC \u2014 which has fallen more than 70% from its November 2021 peak, and more than 55% from the time President Nayib Bukele announced his plan. Since then, El Salvador\u2019s economic growth has stalled, and the country\u2019s deficit remains high, with debt-to-GDP ratio set to hit nearly 87% this year, stoking fears that the country will not be able to settle its loan obligations, <a href=\"https:\/\/www.cnbc.com\/2022\/06\/25\/el-salvador-bitcoin-experiment-not-saving-countrys-finances.html\">CNBC<\/a> reports.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rwanda\/\">Rwanda<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/semiconductors\/\">semiconductors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n    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class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-bwewdq0\" data-v=\"4\" data-block-id=\"bwewdq0\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-bwewdq0-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-bwewdq0-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div 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<\/div>\n<\/div>\n<\/section>\n<section id=\"551550\" 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=\"551550\">\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\/26\/only-murders-in-the-building-brings-together-comedy-powerhouses-steve-martin-and-martin-short-al-ahly-and-pyramids-to-play-postponed-egyptian-cup-game-at-930pm\/\">\r\n                            Only Murders in the Building brings together comedy powerhouses Steve Martin and Martin Short + Al Ahly and Pyramids to play postponed Egyptian Cup game at 9:30pm                        <\/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\/26\/only-murders-in-the-building-brings-together-comedy-powerhouses-steve-martin-and-martin-short-al-ahly-and-pyramids-to-play-postponed-egyptian-cup-game-at-930pm\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/only-murders-in-the-building-brings-together-comedy-powerhouses-steve-martin-and-martin-short-al-ahly-and-pyramids-to-play-postponed-egyptian-cup-game-at-930pm\/493-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/493.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"493.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/493.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/493.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551550\" class=\"content-area-description single-story post-551550 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><a href=\"https:\/\/www.imdb.com\/title\/tt12851524\/\">Only Murders in the Building<\/a><\/strong><strong> combines mismatched stars with unexpectedly smooth<\/strong><strong> chemistry:<\/strong> The murder-mystery-comedy series brings together two comedy powerhouses in their 70s \u2014 Steve Martin and Martin Short \u2014 alongside one of the world\u2019s biggest millennial pop stars, Selena Gomez \u2014 and the result is captivating. The three play neighbors Mabel, Charles, and Oliver who all live in an apartment complex in Manhattan, and share an obsession for the same true crime podcast. When a neighbor is found dead in the building, the cross-generational trio decide to start their own podcast with the aim of finding out who killed him. The show is fun, the writing is immaculate, and the characters stir up a range of emotions through their individual backstories. Like all mysteries, there is a plethora of suspects, and you\u2019ll find yourself building your own theories as you watch along. What gives the show an extra notch is that ultimately, it is as compelling a mystery as it is a hilarious comedy. You can catch Season 1 in its entirety on Disney + (<a href=\"https:\/\/youtu.be\/-V1rQdXXXyI\">watch, runtime, 2:28<\/a>).<\/p>\n<p>\u26bd <strong>Nostalgic for the past? Egyptian football has you covered<\/strong>. Al Ahly and Pyramids will play their postponed game from the quarter-finals of last season\u2019s Egyptian Cup at 9.30pm. Yes, the 2020-2021 season is still alive and kicking, and is being played in parallel with the current Cup, which has already reached the Round of 16. Tonight\u2019s victor will move on to face Petrojet in the semi-finals, then continue the journey against Zamalek in the cup final on July 21.<\/p>\n<p><strong>And in the Egyptian League:<\/strong> Misr Lel Makassa will play against Al-Masry at 7pm.<\/p>\n<p><strong>? <\/strong><strong>EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Grab a bite of Egyptian traditional food at its best from <\/strong><strong><a href=\"https:\/\/www.instagram.com\/tabali.bistro\/\">Tabali<\/a><\/strong><strong>: <\/strong>We can never say no to fuul and ta\u2019meyah, so Tabali is always a reliable, irresistible option \u2014 whether we\u2019re looking for a snack, a proper meal, or an above-average Breakfast of Champions. The restaurant offers Egyptian cuisine that is consistently good, and the menu has an abundance of options for every occasion. Our absolute favorite is their Tableyet El Mini: You get a little bit of everything (foul with different flavors, falafel, eggs, fries, and cheese) served in tiny baladi bread loaves. We recently discovered their feteer and it instantly won us over. Pro tip: Always finish off your meal with rice pudding for dessert \u2014 you can get it plain, or topped with Lotus or Nutella and marshmallow, and all three options are scrumptious. Tabali has branches all over the city in Zamalek, Heliopolis, Sheikh Zayed, and 5th Settlement.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><br \/> (all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Find art in everyday moments at Bibliothek Egypt\u2019s <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/336995131785034\/336995151785032\/\">Life in Color<\/a><\/strong><strong>:<\/strong> Featuring paintings by local artists Ali ElMerakhy, Ghada AlNajjar, Khalid Abdelaty, and Yasser Eid, the collective exhibition is an attempt to see the beauty in the everyday. The artworks on display are the culmination of decades of practice, reflection, and observation by four artists who have the talent to capture and portray often overlooked details of a rich and colorful life.The exhibition runs through 25 July at Arkan Plaza Extension.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>With summer travel plans finally back in sight, there\u2019s no better time to pick up a<\/strong><strong> hardcopy of inspiring travelog <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Catch-Me-If-You-Can\/dp\/1426222262\">The Catch Me If You Can<\/a><\/strong>, written by traveler and photographer Jessica Nabongo \u2015 the first Black woman on record to visit all 195 countries in the world. Nabongo recounts her fascinating journey around the globe with a wonderful stream of adventures, culture musings, travel musts, and beautiful human connections. From playing dominoes with men on the streets of Havana, to dog sledding in Norway and swimming with humpback whales in Tonga, Nabongo\u2019s thrilling experiences are a joy to flip through. And no travel-book is complete without our very own Omm El Donia: \u201cThe entire country of Egypt is bucket-list worthy,\u201d says the pro-traveler.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"551552\" 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=\"551552\">\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\/26\/market-roundup-on-26-june-2022\/\">\r\n                            Market roundup on 26 June 2022                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/market-roundup-on-26-june-2022\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/market-roundup-on-26-june-2022\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/market-roundup-on-26-june-2022\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Market roundup on 26 June 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/market-roundup-on-26-june-2022\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/market-roundup-on-26-june-2022\/&title=Market roundup on 26 June 2022\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Market+roundup+on+26+June+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F06%2F26%2Fmarket-roundup-on-26-june-2022%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/market-roundup-on-26-june-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551552\" class=\"content-area-description single-story post-551552 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 rose less than 0.1% at today\u2019s close<\/strong> on turnover of EGP 483 mn (41.4% below the 90-day average). Local investors were net buyers. The index is down 20.1% YTD.<\/p>\n<p><strong>In the green: <\/strong>Madinet Nasr Housing (+8.9%), Abu Dhabi Islamic Bank Egypt (+6.5%) and Heliopolis Housing (+2.7%).<\/p>\n<p><strong>In the red: <\/strong>GB Auto (-6.5%), MM Group (-5.2%) and e-Finance (-3.0%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull inside-industry vertical-section wide-section wp-block-group issue-section\" id=\"551553\">\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\/fmcg-players-think-the-states-privatization-plans-have-merit-but-want-to-see-additional-clarity-some-changes\/\">  \r\n                            FMCG players think the state\u2019s privatization plans have merit \u2014 but want to see additional clarity + some changes<\/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\/fmcg-players-think-the-states-privatization-plans-have-merit-but-want-to-see-additional-clarity-some-changes\/\" 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\/fmcg-players-think-the-states-privatization-plans-have-merit-but-want-to-see-additional-clarity-some-changes\/')\">\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\/fmcg-players-think-the-states-privatization-plans-have-merit-but-want-to-see-additional-clarity-some-changes\/\">\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=FMCG players think the state\u2019s privatization plans have merit \u2014 but want to see additional clarity + some changes&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/fmcg-players-think-the-states-privatization-plans-have-merit-but-want-to-see-additional-clarity-some-changes\/\">\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\/fmcg-players-think-the-states-privatization-plans-have-merit-but-want-to-see-additional-clarity-some-changes\/&title=FMCG players think the state\u2019s privatization plans have merit \u2014 but want to see additional clarity + some changes\">\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=FMCG+players+think+the+state%E2%80%99s+privatization+plans+have+merit+%E2%80%94+but+want+to+see+additional+clarity+%2B+some+changes+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Ffmcg-players-think-the-states-privatization-plans-have-merit-but-want-to-see-additional-clarity-some-changes%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\/fmcg-players-think-the-states-privatization-plans-have-merit-but-want-to-see-additional-clarity-some-changes\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/494.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=\"551554\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/fmcg-players-think-the-states-privatization-plans-have-merit-but-want-to-see-additional-clarity-some-changes\/494-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/494.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"494.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/494.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/494.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-551553\" class=\"content-area-description post-551553 inside_industry type-inside_industry status-publish has-post-thumbnail hentry tag-enterprise-inside-industry tag-enterprisepm tag-food tag-madbouly-cabinet 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>What do food industry players think of the state\u2019s privatization plans?: <\/strong>The government last week held the second of a series of public consultations over its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0894c99e-e18e-473e-a869-64812c50988b\">state ownership policy document<\/a> laying out privatization plans, according to a cabinet <a href=\"https:\/\/bit.ly\/39DLSKU\">statement<\/a>. The focus of the session was on food industries, with industry reps laying out their recommendations on how best to bring the private sector on board, and giving their feedback on what the sector needs.<\/p>\n<p><strong>What sessions, you may ask? <\/strong>Every Sunday and Tuesday will see <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a1579274-9ae3-4b03-888c-f3b646608976\">workshops<\/a> on how privatization plans will affect specific industries. These come as the government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0894c99e-e18e-473e-a869-64812c50988b\">wants to double the private sector\u2019s role<\/a> in the economy over the next three years, and aims to raise USD 40 bn over the next four years by selling stakes in state-owned assets to local and international investors. Look for detailed coverage on the talks in EnterpriseAM or across our various industry features. You can catch our coverage of last Sunday\u2019s workshop on agriculture <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/333e8408-4299-4cd4-b53a-df301c90ab50\">here<\/a>. You can find more details on the schedule of the meetings <a href=\"https:\/\/bit.ly\/3OBDGJX\">here<\/a>.<\/p>\n<p><strong>So what did private sector food companies say they want to see? Well first, the state needs to set clearer guidelines for the private sector\u2019s involvement. <\/strong>The state needs to be clearer on how big of a stake it wants to offer the private sector, alongside conducting studies to assess how these transactions could impact the market, said Atayb Elbader head Saeed Badr during the session. The private sector will also need clarity on how the state will evaluate bids from investors to ensure that evaluations are as transparent and fair as possible, Edita CEO Hani Berzi told Enterprise separately.<\/p>\n<p><strong>State-owned companies might need to reprice their assets: <\/strong>The state may not be able to exit some sectors easily because some sectors just aren\u2019t that attractive economically at the moment, vice chairman of Domty Mohamed El Damaty told the gathering. But the government can make assets in this sector more attractive by getting the pricing right, which could need the help of foreign advisors or the Sovereign Fund of Egypt, Ayman Korra, chairman of Cairo Oils and Soaps, said.<\/p>\n<p><strong>The onus is also on state-owned companies to set long-term strategies to help investors make informed decisions. <\/strong>Companies need to work to set a long-term strategy that includes KPIs, new products, and plans on how to fill in gaps locally and internationally, Macro Group Managing Director Hisham Wasfy told Enterprise.<\/p>\n<p><strong>Expanding the state\u2019s exits across the value chain is also important: <\/strong>Private sector participants at the workshop urged the Madbouly cabinet to expand the state\u2019s ownership policy to include supplements, production inputs and other parts of the food value chain, like fisheries.<\/p>\n<p><strong>The Madbouly cabinet is on top of it<\/strong><strong>: <\/strong>The importance of sourcing local production inputs as opposed to importing featured heavily in the discussions. As the war in Ukraine continues to roil global supply chains and markets, the government has been working to encourage the use of local components by industry, most recently by <a href=\"https:\/\/enterprise.press\/industries\/egypt-works-gather-momentum-localization-push\/\">introducing additional customs reductions<\/a> for manufacturers based on their percentage of local components.<\/p>\n<p><strong>Competitive pricing and better products: <\/strong>Prices for products, such as hand soap, need to be more competitive and comparable to products we get from abroad, Wasfy told us. Companies also need to rethink their branding to make them more visually appealing to consumers when on display, Wasfy said.<\/p>\n<p><strong>Let the private sector manage and operate food state food factories, such as with the hospitality industry, <\/strong>Eslam Salem, managing director at Canal Sugar, told Enterprise. PPPs that allow companies to independently run an asset are much more appealing to investors, though we do not see many of them in the sector, he added.<\/p>\n<p><strong>Regulatory and legislative <\/strong><strong>stability is a must: <\/strong>Private investors will need a stable legislative environment to allow them to properly plan ahead before making any investment decisions, Mohamed Anwar, chairman of supplements maker Organix, told Enterprise. \u201cLaws should be fixed and stable for a period of at least ten years,\u201d Berzi also tells us. \u201cAs an investor, I cannot conduct feasibility studies and make decisions based on a specific legislative and regulatory framework, only to have them upended due to sudden export bans or changes in taxation laws, for example,\u201d he added.<\/p>\n<p><strong>Macro concerns also weigh heavily on private operators<\/strong><strong>: \u201c<\/strong>For there to be significant, long-term investments in the industry from the private sector, there needs to be a more encouraging investment climate, and the current local and global financial climate is difficult,\u201d Barzi added. Former general manager of Savola Egypt, tells Enterprise that fears of a potential FX liquidity crunch are also hurting our appeal to foreign investors.<\/p>\n<p><strong>We\u2019re getting a sense that the local private sector could be interested: <\/strong>Macro Group could look at investing in local companies if it is in line with their strategic direction for growth, Wasfy told us. \u201cIf they reach a target market or segment that we don\u2019t, it could be a chance for us to expand our market share and bottom line,\u201d he added.<\/p>\n<hr class=\"grey-line\">\n<p>Your top industrial development stories for the week:<\/p>\n<ul>\n<li><strong>Abu Qir Fertilizers is<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/495756fd-2671-4978-b10a-7f23f4bcea99\">looking to build<\/a><\/strong><strong> a USD 1.2 bn industrial complex<\/strong> that will include facilities producing ammonia, nitric acid, and granular ammonium nitrate.<\/li>\n<li><strong>Egypt signed <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/031ecccd-f816-4657-ae61-58d9c32a706d\">14 investment agreements<\/a><\/strong><strong> with Saudi Arabia worth USD 7.7 bn:<\/strong> The agreements cover key sectors including energy, tech, food, and pharma and were signed during a meeting of Egyptian and Saudi companies and key officials.<\/li>\n<\/ul>\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\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madbouly-cabinet\/\">Madbouly Cabinet<\/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=\"551555\" 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\/26\/551555\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551555\" class=\"content-area-description single-story post-551555 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>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>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: Eastern Company <a href=\"https:\/\/bit.ly\/3OtEuAv\">meets to decide on prices of its tobacco products<\/a> amid rising production costs and scarcity of raw materials.<\/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, <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>.<\/p>\n<p>September: Estate Waves Egypt <a href=\"https:\/\/bit.ly\/3zH4mEK\">real estate exhibition<\/a> through metaverse technology.<\/p>\n<p>September: Central Bank of Egypt\u2019s Innovation and Financial Technology Center to launch incubator for 25 fintech startups.<\/p>\n<p>September: The sixth session of the <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/pfbid034CjQppGScajHW83ktsmyHavSTQRys9Ezbp9KXCNfPg61XwgzSvHVYi7RfHWxsTESl\">Egyptian-German Joint Economic Committee<\/a>.<\/p>\n<p>September: A delegation from Germany\u2019s Aldi will visit Egypt to look at potential investments.<\/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: Air Sphinx, EgyptAir\u2019s low-cost subsidiary to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=25062022&id=06c1fc4b-9551-4f6c-a782-70bdec4b30f0\">commence operations<\/a>.<\/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>6-18 November (Sunday-Friday): Egypt will host <a href=\"https:\/\/cop27.eg\/\">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>December: The Sixth of October dry port <a href=\"https:\/\/bit.ly\/3u3uB4u\">will begin operations<\/a>.<\/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: 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\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":551544,"template":"","categories":[],"tags":[],"class_list":["post-551543","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"080c4cad-2237-4365-9d60-c48b78cb84f7","teaser":"","photo_url":"https:\/\/ent.news\/2022\/6\/84.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>Warmth in the VC nuclear winter? - 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\/warmth-in-the-vc-nuclear-winter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warmth in the VC nuclear winter?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/warmth-in-the-vc-nuclear-winter\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:25:54+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\/84.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\/warmth-in-the-vc-nuclear-winter\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/warmth-in-the-vc-nuclear-winter\/\",\"name\":\"Warmth in the VC nuclear winter? 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