{"id":551627,"date":"2022-07-04T14:44:31","date_gmt":"2022-07-04T14:44:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=551627"},"modified":"2025-12-15T23:27:43","modified_gmt":"2025-12-15T23:27:43","slug":"public-sector-workers-are-getting-a-week-off-for-eid","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/public-sector-workers-are-getting-a-week-off-for-eid\/","title":{"rendered":"Public sector workers are getting a week off for Eid"},"content":{"rendered":"<section id=\"551629\" 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=\"551629\">\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\/07\/04\/tonight-public-sector-workers-take-a-week-off-for-eid-egx-avalanche-and-house-sprints-to-the-summer-recess\/\">\r\n                            TONIGHT: Public sector workers take a week off for Eid + EGX avalanche and House sprints to the summer recess.                        <\/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\/07\/04\/tonight-public-sector-workers-take-a-week-off-for-eid-egx-avalanche-and-house-sprints-to-the-summer-recess\/\" 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\/07\/04\/tonight-public-sector-workers-take-a-week-off-for-eid-egx-avalanche-and-house-sprints-to-the-summer-recess\/')\">\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\/07\/04\/tonight-public-sector-workers-take-a-week-off-for-eid-egx-avalanche-and-house-sprints-to-the-summer-recess\/\">\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=TONIGHT: Public sector workers take a week off for Eid + EGX avalanche and House sprints to the summer recess.&url=https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/tonight-public-sector-workers-take-a-week-off-for-eid-egx-avalanche-and-house-sprints-to-the-summer-recess\/\">\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\/07\/04\/tonight-public-sector-workers-take-a-week-off-for-eid-egx-avalanche-and-house-sprints-to-the-summer-recess\/&title=TONIGHT: Public sector workers take a week off for Eid + EGX avalanche and House sprints to the summer recess.\">\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=TONIGHT%3A+Public+sector+workers+take+a+week+off+for+Eid+%2B+EGX+avalanche+and+House+sprints+to+the+summer+recess.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F07%2F04%2Ftonight-public-sector-workers-take-a-week-off-for-eid-egx-avalanche-and-house-sprints-to-the-summer-recess%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\/07\/04\/tonight-public-sector-workers-take-a-week-off-for-eid-egx-avalanche-and-house-sprints-to-the-summer-recess\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551629\" class=\"content-area-description single-story post-551629 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-egx tag-enterprisepm tag-gold tag-iqat tag-what-were-tracking-tonight 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-01\"><\/a> <strong>We can hear the screams of joy of every public sector worker,<\/strong> ladies and gentlemen, as the Madbouly cabinet announced that all of next week will be a holiday in observance of Eid El Adha. In a <a href=\"https:\/\/bit.ly\/3ybOacl\">statement<\/a> released right on dispatch, the government announced that state bureaucrats will take off from Saturday, 9 July to Thursday, 14 July.<\/p>\n<p><strong>What about the private sector? <\/strong>We should be hearing from the EGX and central bank in the coming days on what the holiday landscape looks like for the private sector. Now, on to more depressing matters\u2026<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>THE BIG STORY TODAY- The slide of the EGX continues, with the main index falling 3.6% at today\u2019s close. <\/strong>With a turnover of EGP 639.5 mn (22.5% below the 90-day average), the index is down 27.3% YTD.<\/p>\n<p><strong>Almost everyone is in the red<\/strong>, but today\u2019s worst performers were<strong>: <\/strong>Ibnsina Pharma (-15.4%), Credit Agricole Egypt (-10.7%) and MM Group (-10.3%).<\/p>\n<p><strong>HAPPENING NOW- The House of Representatives approved bill to extend the Tax Dispute Resolution Act once again <\/strong>in a plenary session today, as the legislature looks to sprint through its agenda ahead of the start of a potential summer recess tomorrow.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s<strong> EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Expedition Investments submits bid for a stake in Domty:<\/strong> Expedition Investments <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/221c8cbc-f6ff-4e5c-920c-a9b39ced2543\">has submitted an official bid<\/a> to acquire a 34% stake in cheesemaker Domty, offering to purchase up to 96.2 mn shares for EGP 5 a piece in a mandatory tender offer.<\/li>\n<li><strong>Intercap Capital to set up a USD 30 mn VC fund:<\/strong> Investment banking firm Intercap Capital <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2fc78bdb-df2a-4209-9868-627dd1eefeb2\">is working on<\/a> setting up a USD 30 mn fund for investing in tech startups, with an eye to complete its first USD 10 mn close in early 2023.<\/li>\n<li><strong>NBFS players are filling a gap in tuition financing: <\/strong>As the banking sector faces rising interest rates and a slump in demand for tuition loans, non-banking financial services players <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04d42508-6256-4db4-8221-e5dfa97ad8b5\">are stepping up their game<\/a> with more popular alternatives.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Public consultations on the state\u2019s privatization plan resume tomorrow with the transport sector taking center stage<\/strong>. Sunday saw the automotive and engineering industry players discuss the <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0894c99e-e18e-473e-a869-64812c50988b\">state ownership policy document<\/a><\/strong> that outlines its privatization plans. Every Sunday and Tuesday sees workshops on how privatization plans will affect specific industries. You can find more details on the schedule of the meetings <a href=\"https:\/\/bit.ly\/3noxSrm\">here<\/a>.<\/p>\n<p><strong>Our national dialogue kicks off this week<\/strong>, with Diaa Rashwan, the general coordinator of the dialogue, convening the first meeting of the 19-member board of trustees organizing the event tomorrow, according to the <a href=\"https:\/\/bit.ly\/3AtVm6t\">State Information Service<\/a>. Board members include lawmakers, journalists, and political and economic experts. President El Sisi also signaled the beginning of the dialogue in a report picked up by Al Oula <a href=\"https:\/\/www.youtube.com\/watch?v=9w_UVx1PrpI\">(watch, runtime: 2:18<\/a>).<\/p>\n<p><strong>Need a refresher on the national dialogue?<\/strong> You can read our explainer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/618da10f-a3ed-44b3-92e6-b25ee5ff7eae\">here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The fuel pricing committee could meet this week to review fuel prices<\/strong> for the third quarter.<\/p>\n<p><strong>Other news triggers to keep an eye on this month:<\/strong><\/p>\n<ul>\n<li><strong>PMI:<\/strong> Data measuring activity in Egypt\u2019s non-oil private sector will drop on Wednesday, 6 July.<\/li>\n<li><strong>Foreign reserves:<\/strong> Foreign reserves figures will be out sometime this week.<\/li>\n<li><strong>Inflation:<\/strong> Inflation data for June will land on Sunday, 10 July.<\/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 39\u00b0C tomorrow in Cairo, before the mercury falls to 23\u00b0C at night, according to our favorite weather app.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iqat\/\">Iqat<\/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=\"551630\" 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=\"551630\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/551630\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551630\" class=\"content-area-description single-story post-551630 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/palmhillsdevelopments.com\/OurDevelopments\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"551631\" 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=\"551631\">\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\/07\/04\/the-boomerang-of-chip-inflation-hits-manufacturers\/\">\r\n                            The boomerang of chip inflation hits manufacturers                        <\/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\/07\/04\/the-boomerang-of-chip-inflation-hits-manufacturers\/\" 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 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data-attachment-id=\"551632\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/the-boomerang-of-chip-inflation-hits-manufacturers\/349-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/349.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"349.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/349.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/349.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551631\" class=\"content-area-description single-story post-551631 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-china tag-chinas-rainy-season tag-chip-shortage tag-enterprisepm tag-for-your-commute tag-fuel tag-inflation tag-nasa 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>Is the global chip shortage finally over?<\/strong> The global chip shortage \u2014 one of the biggest legacy pains of the covid-era \u2014 may be subsiding, as a number of major manufacturers, including Intel and Nvidia are warning of \u201crockier months ahead,\u201d with inflation being cited as a major contributor to declining demand. Intel, whose <a href=\"https:\/\/www.intc.com\/news-events\/press-releases\/detail\/1541\/intel-reports-first-quarter-2022-financial-results\">1Q2022 revenues<\/a> fell 7% y-o-y, is expecting a tougher 2H2022, with CFO David Zinsner declaring that the rest of the year will get \u201ca lot noisier,\u201d according to the <a href=\"https:\/\/www.wsj.com\/articles\/chip-boom-loses-steam-on-slowing-pc-sales-crypto-rout-11656932580\">Wall Street Journal<\/a>. \u201cThe industry demand environment has weakened,\u201d with PC and smartphone sales declining, Micron Technologies CEO Sanjay Mehrotra said in a sales outlook statement.<\/p>\n<p><strong>The pendulum swings:<\/strong> It is perhaps ironic that the boom chipmakers have seen since the pandemic began is now coming back to bite them, as the resulting inflation has slowed down the sales of electronics. The decline in consumer electronics spending came in hand-in-hand with a decline in crypto as a result of global economic turbulence after two years of solid growth.<\/p>\n<p><strong>Could we be getting a reprieve?<\/strong> Egypt had been hit hard by the global chip shortage, with prices here <a href=\"https:\/\/enterprise.press\/industries\/egyptian-sectors-feeling-impact-chip-shortage\/\">jumping<\/a> 50% y-o-y in 2021. With a number of industries (particularly automotive) being hard hit, this \u201crocky\u201d 2H2022 for chip manufacturers may prove a welcome lifeline.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>China\u2019s rainy season does wonders for fossil fuel energy usage<\/strong>: In an accidental \u201cW\u201d for the environment, China\u2019s extended rainy season this year may have depressed demand for fossil-fuel energy this year, as the country increases its dependence on hydropower. Hydropower generation until the end of May jumped 18% y-o-y, thanks to rainwater filling reservoirs along the Yangtze River to elevate production, according to data from the US Energy Information Administration cited by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-04\/world-energy-crisis-would-be-worse-without-china-s-rainy-season?srnd=premium-middle-east\">Bloomberg<\/a>. The cooling summer temperatures led to a drop in consumption of 15% in May, saving around 4.6 mn tons of coal.<\/p>\n<p><strong>NASA is going back to the moon: <\/strong>NASA\u2019s microwave oven-sized Capstone satellite successfully broke from its orbit around the Earth yesterday heading towards the moon, <a href=\"https:\/\/apnews.com\/article\/space-launches-exploration-science-technology-peter-beck-d2748e44d427941f1352312ac954dd5d\">AP<\/a>reported. It will take the satellite, launched last week, about four months to reach the moon. If successful, the satellite would deliver important information ahead of the space agency\u2019s bid to send astronauts back to the moon.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chinas-rainy-season\/\">China\u2019s rainy season<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chip-shortage\/\">chip shortage<\/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\/fuel\/\">fuel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nasa\/\">NASA<\/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=\"551633\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n           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href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/tonight-obama-subs-in-for-attenborough-no-afcon-next-year-ein-l-aql-playing-tonight-and-viola-davis-has-some-lessons-to-cope-with-trauma\/\">\r\n                            TONIGHT: Obama subs in for Attenborough + No Afcon next year. Ein L Aql playing tonight and Viola Davis has some lessons to cope with trauma.                        <\/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\/07\/04\/tonight-obama-subs-in-for-attenborough-no-afcon-next-year-ein-l-aql-playing-tonight-and-viola-davis-has-some-lessons-to-cope-with-trauma\/\" 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\/07\/04\/tonight-obama-subs-in-for-attenborough-no-afcon-next-year-ein-l-aql-playing-tonight-and-viola-davis-has-some-lessons-to-cope-with-trauma\/')\">\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\/07\/04\/tonight-obama-subs-in-for-attenborough-no-afcon-next-year-ein-l-aql-playing-tonight-and-viola-davis-has-some-lessons-to-cope-with-trauma\/\">\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=TONIGHT: Obama subs in for Attenborough + No Afcon next year. 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The series highlights a few of world\u2019s most astounding national parks, spanning five continents, and the wildlife that reside there, stressing the importance of the synergy between humans, plants, and animals.The show opens with Obama\u2019s home state of Hawaii, then takes us through a journey of some of the countries where he grew up. Later episodes he visits parks in Indonesia and in Kenya, his father\u2019s birthplace.The visuals are breathtaking, with alternating overhead drone footage and close-ups of the animals. The former POTUS makes an on-camera appearance at the beginning of each episode and provides a calm and soothing yet engaging narration throughout.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a>\u26bd<strong> No Afcon in 2023:<\/strong> Next June\u2019s Africa Cup of Nations (Afcon) in Ivory Coast has been postponed until winter 2024, the Confederation of African Football (CAF) president Patrice Motsepe said in a<a href=\"https:\/\/www.cafonline.com\/press-release\/news\/caf-president-dr-motsepe-announces-african-super-league-launch-details-afcon2023\">statement<\/a>. The tournament, which was supposed to take place from 23 June to 23 July, will now take place in January and February 2024 due to the rainy season in Ivory Coast.<\/p>\n<p><strong>But we\u2019re getting the African Super League:<\/strong> The African Super League will kick off in August 2023 with a prize money of USD 100 mn, Motsepe said. CAF is \u201cengaging with stakeholders over the next few weeks to discuss the mechanics of the tournament\u201d. There\u2019s still no word on which clubs will be participating from how many countries. Announced last year, the league was meant to be CAF\u2019s answer to the African Champions League, though we still have no idea how.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><br \/> (all times CLT)<\/p>\n<p><strong>Don\u2019t miss Ein L Aql<\/strong>, a collaborative project between Alexandrian musician and composer Bassem Diaa and music producer Amro Zidan. Their album titled \u2018El A\u2019sara\u2019 debuts at <strong>Makan <\/strong>tonight from 8pm to 10pm.<\/p>\n<p><strong>It\u2019s salsa night at Cairo Jazz Club tonight <\/strong>every other Monday, with one-hour lessons start at 8pm. Our friend and salsa aficionado Rasha Sadek leads the lessons along with Salah Eissa from Soul Motion Dance Studio.<\/p>\n<p><strong>Catch theater troupe Regency\u2019s take on \u2018Carmen<\/strong>\u2019 tonight at 7pm at El Sawy Culturewheel in Zamalek.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Acting as therapy \u2014 the Viola Davis: <\/strong>To anyone who hasn\u2019t lived under a rock in the past 10 years, Viola Davis \u2014 the 2016 Best Supporting Actress at the Academy Awards \u2014 is a mainstay of critically acclaimed television and acting projects (there\u2019s a whole Wikipedia page just on her awards and nominations). Fans of her work (particularly Doubt, Widows, the Help) should recognize themes of poverty, gender and racial abuse that are prevalent in her work. That is no coincidence, as her autobiography <a href=\"https:\/\/www.goodreads.com\/book\/show\/58687126-finding-me\">Finding Me: A Memoir<\/a> shows how she channeled those similar experiences from her traumatic past into her work as a form of therapy. In it, Davis narrates how the choice of becoming an actress had the power to heal the broken. \u201cAll that was inside me that I couldn\u2019t work out in my life, I could channel it all in my work and no one would be the wiser,\u201d she adds. All in all, it paints a nuanced picture of one of the best thespians of our day.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finding-me\/\">Finding Me<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/viola-davis\/\">Viola Davis<\/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=\"551636\" 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=\"551636\">\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\">WHAT\u2019S NEXT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/as-ai-brings-out-its-creative-side-what-does-this-mean-for-the-art-world\/\">\r\n                            As AI brings out its creative side, what does this mean for the art world?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/as-ai-brings-out-its-creative-side-what-does-this-mean-for-the-art-world\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Any phrase. Any collection of colorful, crazy concepts that you like. Research laboratory OpenAI\u2019s new artificial intelligence program will create an art piece in less than a minute.<\/p>\n<p><strong>Introducing DALL-E 2:<\/strong> The DALL-E 2 program was created by sourcing an enormous amount of images and adding detailed captions to them, allowing the program to pull up and combine elements of images based on the inputs provided.<\/p>\n<p><strong>The concept is simple enough: <\/strong>You type in a phrase or a group of words into a search box, and the program creates a series of images from what you described. The full program still hasn\u2019t been released to the public, but several people have been given access to experiment with it, and a simplified version, <a href=\"https:\/\/huggingface.co\/spaces\/dalle-mini\/dalle-mini\" style=\"color: rgb(252, 118, 1);\">DALL-E mini<\/a>, is accessible to all. Adobe Research\u2019s Aaron Hertzmann has <a href=\"https:\/\/aaronhertzmann.com\/2022\/05\/25\/dall-e.html\" style=\"color: rgb(252, 118, 1);\">an article on his blog<\/a> dedicated to all the artwork he has created from DALL-E 2, trying out different styles and techniques such as images in the styles of contemporary and modern artists, architectural images, classic computer graphics imagery, and portraits.<\/p>\n<p><strong>Enterprise gave it a try: <\/strong>We had some fun with DALL-E mini and typed \u201cflower ducks\u201d into the search box. Around 27 seconds we were met with nine pictures of ducks that seem to have taken on flower-like qualities in their coloring and texture. We weren\u2019t super impressed with the outcome as the ducks\u2019 appearance turned somewhat demented, but maybe our search phrase just wasn\u2019t up to par. How about \u201c<a href=\"https:\/\/ent.news\/2022\/7\/coyote-in-a-kilt.jpg\" style=\"color: rgb(252, 118, 1);\">coyote in a kilt<\/a>\u201d? Or \u201c<a href=\"https:\/\/ent.news\/2022\/7\/Trump-ballerina.jpg\" style=\"color: rgb(252, 118, 1);\">Donald Trump ballerina<\/a>\u201d? No, these are just terrifying.<\/p>\n<p><strong>Not everyone is a fan: <\/strong><a href=\"https:\/\/www.cnet.com\/culture\/dall-e-mini-everything-to-know-about-the-strange-ai-art-creator\/\" style=\"color: rgb(252, 118, 1);\">CNet<\/a> puts it best, calling the creations \u201cnightmare fuel\u201d \u2014 which we don\u2019t think is overly harsh considering what we managed to generate. That being said, DALL-E mini is apparently a poor imitation of the all-powerful DALL-E 2, which seems to be far more sophisticated in the art it generates.<\/p>\n<p><strong>But DALL-E 2 is opening new conversations around how we define art: Can we consider algorithmically-generated images works of art? <\/strong>The fact that \u201ccreative AI\u201d is receiving pushback from artists and audiences is \u201ca sign of the power and potential of the new medium,\u201d Stephen Marche writes for <a href=\"https:\/\/lithub.com\/does-artificial-intelligence-really-have-the-potential-to-create-transformative-art\/\" style=\"color: rgb(252, 118, 1);\">Lit Hub<\/a>. \u201cThe most exciting promise of creative AI is that it runs in complete opposition to the overarching value that defines contemporary art: Identity. The practice itself removes identity from the equation,\u201d he writes. Instead, creative AI is a recombination and reframing of other identities, with the possibility of choosing old artists or artistic styles and allowing technology to reimagine them based on any random phrase you come up with. \u201cThe power of creative AI is its strange mixture of human and other. The revelation of the medium will be the exploitation of that fact.\u201d<\/p>\n<p><strong>It also raises questions about what it means to be creative when technology now has the ability to automate the process: <\/strong>The quality and realism of images created by DALL-E 2\u2019s software is giving digital art a run for its money. For those who aren\u2019t gifted with artistic ability but would like to see a certain image, these softwares can now pump out visually appealing results within seconds \u2014 a much faster process than hiring a human artist.<\/p>\n<p><strong>The controversy surrounding AI art is reminiscent of the outcry when photography emerged as a medium: <\/strong>When the first camera was created in the 1800s, it threatened everything the world believed about art. At a time where it was up to artists to capture the essence of a person in a portrait \u2014 a process that could take hours or days at times \u2014 the technology behind photography seemed to threaten their livelihood and the entire existence of art. Why paint a landscape when you can just take a photo of it? Until today, <a href=\"https:\/\/www.studiobinder.com\/blog\/is-photography-art-debate\/\" style=\"color: rgb(252, 118, 1);\">debates continue<\/a> about whether photography can be considered art. Nonetheless, even with cameras being more accessible than ever, the continued importance of human-made art remains a testament to its necessity as a form of expression.<\/p>\n<p><strong>But in the same way as photography, creative AI should have a different approach to its development<\/strong>, argues Marche. AI should not be used to create art that people could make otherwise is the first point he makes. Meanwhile, creative AI should develop as more than just a showcase of the abilities of new technology. Creative AI could help the graphic design industry by offering tools that allow you to move things around in an image or conjure up an extra element \u2014 options that DALL-E 2 is working to provide, according to its <a href=\"https:\/\/openai.com\/dall-e-2\/\">website<\/a>.<\/p>\n<p><strong>There\u2019s also an ethical side to the equation \u2014 one which Google is currently working on: <\/strong>Since these AI \u2018artists\u2019 are designed by people, the risk that human biases creep into the algorithm are real. Google is trying to jump on the AI art trend with these concerns in mind, recently announcing <a href=\"https:\/\/imagen.research.google\/\" style=\"color: rgb(252, 118, 1);\">Imagen<\/a> \u2014 a text-to-image program \u201cwith an unprecedented degree of photorealism and a deep level of language understanding.\u201d All the images the program produces have no people in them in case it reflects a Western bias and viewpoint. For this reason also, Imagen is not available for public use at the time, but this could change as the researchers develop more ethical code. \u201cIn future work, we will explore a framework for responsible externalization that balances the value of external auditing with the risks of unrestricted open-access,\u201d Google researchers said in a <a href=\"https:\/\/ent.news\/2022\/6\/Imagen-Google-research.pdf\" style=\"color: rgb(252, 118, 1);\">paper (pdf)<\/a>.<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/art\/\">art<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dall-e-2\/\">DALL-E 2<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dall-e-mini\/\">DALL-E mini<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/google\/\">Google<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imagen\/\">Imagen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/photography\/\">photography<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/whats-next\/\">WHAT\u2019S NEXT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"551638\" 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\/07\/04\/551638\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551638\" class=\"content-area-description single-story post-551638 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>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>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\u201327 September (Monday-Tuesday): The <a href=\"https:\/\/www.awieforum.org\/\">Africa Women Innovation and Entrepreneurship Forum (AWIEF)<\/a> at the Cairo Marriott Hotel.<\/p>\n<p><strong>OCTOBER<\/strong><\/p>\n<p>October: 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>October: The finals of the IEEE\u2019s <a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/ieee-announces-the-launch-of-arab-iot-and-ai-challenge-in-11-arab-countries-wnf45bg1\">Arab IoT & AI Challenge<\/a> will be held during GITEX Technology Week in Dubai next October, with participants from 11 Arab countries.<\/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>7-13 November (Mon-Sun): The International University Sports Federation (FISU) <a href=\"https:\/\/www.worldsquash.org\/2022-fisu-world-university-championship-squash-to-take-place-in-egypt\/\">World University<\/a> Squash Championships, New Giza.<\/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. 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