{"id":551709,"date":"2022-07-17T13:22:28","date_gmt":"2022-07-17T13:22:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=551709"},"modified":"2025-12-15T23:29:29","modified_gmt":"2025-12-15T23:29:29","slug":"back-in-full-swing","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/back-in-full-swing\/","title":{"rendered":"Back in full swing"},"content":{"rendered":"<section id=\"551711\" 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=\"551711\">\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\/17\/this-evening-mnhd-says-the-price-isnt-right-on-sodics-acquisition-bid-swvl-buys-another-competitor-despite-cutbacks-plus-el-sisi-is-in-berlin\/\">\r\n                            THIS EVENING: MNHD says the price isn\u2019t right on SODIC\u2019s acquisition bid + Swvl buys another competitor despite cutbacks. Plus: El Sisi is in Berlin.                        <\/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\/17\/this-evening-mnhd-says-the-price-isnt-right-on-sodics-acquisition-bid-swvl-buys-another-competitor-despite-cutbacks-plus-el-sisi-is-in-berlin\/\" 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\/17\/this-evening-mnhd-says-the-price-isnt-right-on-sodics-acquisition-bid-swvl-buys-another-competitor-despite-cutbacks-plus-el-sisi-is-in-berlin\/')\">\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\/17\/this-evening-mnhd-says-the-price-isnt-right-on-sodics-acquisition-bid-swvl-buys-another-competitor-despite-cutbacks-plus-el-sisi-is-in-berlin\/\">\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: MNHD says the price isn\u2019t right on SODIC\u2019s acquisition bid + Swvl buys another competitor despite cutbacks. Plus: El Sisi is in Berlin.&url=https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/this-evening-mnhd-says-the-price-isnt-right-on-sodics-acquisition-bid-swvl-buys-another-competitor-despite-cutbacks-plus-el-sisi-is-in-berlin\/\">\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\/17\/this-evening-mnhd-says-the-price-isnt-right-on-sodics-acquisition-bid-swvl-buys-another-competitor-despite-cutbacks-plus-el-sisi-is-in-berlin\/&title=THIS EVENING: MNHD says the price isn\u2019t right on SODIC\u2019s acquisition bid + Swvl buys another competitor despite cutbacks. Plus: El Sisi is in Berlin.\">\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+MNHD+says+the+price+isn%E2%80%99t+right+on+SODIC%E2%80%99s+acquisition+bid+%2B+Swvl+buys+another+competitor+despite+cutbacks.+Plus%3A+El+Sisi+is+in+Berlin.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F07%2F17%2Fthis-evening-mnhd-says-the-price-isnt-right-on-sodics-acquisition-bid-swvl-buys-another-competitor-despite-cutbacks-plus-el-sisi-is-in-berlin%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\/17\/this-evening-mnhd-says-the-price-isnt-right-on-sodics-acquisition-bid-swvl-buys-another-competitor-despite-cutbacks-plus-el-sisi-is-in-berlin\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551711\" class=\"content-area-description single-story post-551711 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-abdel-fattah-el-sisi tag-diplomacy tag-enterprisepm tag-ma-watch tag-madinet-masr-for-housing-and-development tag-sodic tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, friends.<\/strong> We\u2019re still shaking off the cobwebs from a well-earned long Eid break, but the news waits for exactly no-one and is kicking into full gear.<\/p>\n<p><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>MNHD says the price isn\u2019t right on SODIC\u2019s acquisition bid: <\/strong>The board of Madinet Nasr Housing and Development (MNHD) held off from giving the green light to SODIC\u2019s offer to buy the company in an all-cash transaction valuing MNHD at some EGP 6.2 bn (USD 328 mn). SODIC\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac0d2951-4c12-4a13-827a-1941b1904444\">acquisition bid<\/a> does not match the \u201creal value\u201d of the company or its assets, MNHD\u2019s board said in a <a href=\"https:\/\/ent.news\/2022\/7\/%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D9%86%D8%B5%D8%B1-%D8%A8%D9%8A%D8%A7%D9%86-%D9%87%D9%8A%D8%A6%D8%A9-17-07-2022.pdf\">letter (pdf)<\/a> to SODIC\u2019s majority shareholder Aldar.<\/p>\n<p><strong>Swvl is buying another competitor despite cutbacks:<\/strong> Nasdaq-listed mass transport app Swvl is acquiring 100% of Mexico-based transport startup <a href=\"https:\/\/urbvan.com\/\">Urbvan Mobility<\/a> in a share-swap transaction worth some USD 28 mn based on Swvl\u2019s current share price, Swvl CFO Youssef Salem confirmed to Enterprise. The move is the latest in a string of acquisitions by the Cairo-born startup, as it continues to pursue global expansion plans despite recently announcing major layoffs and operational cutbacks to reach profitability next year.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Wildfires rage across western Europe amid historic <\/strong><strong>heatwave<\/strong><strong>: <\/strong>Thousands of firefighters in Spain, Portugal, France, and Greece are continuing to battle huge wildfires that swept across tens of thousands of hectares, fanned by strong winds and hot, dry weather. Soaring temperatures have exceeded 40\u00b0C, a record for this part of the world at this time of year. In Portugal, authorities say at least 238 people have died over the past week from the heat, while thousands more have been evacuated in France and Spain.<\/p>\n<p><strong>The story is leading headlines everywhere: <\/strong><a href=\"https:\/\/www.reuters.com\/business\/environment\/spain-portugal-battle-wildfires-heatwaves-scorch-southern-europe-2022-07-17\/\">Reuters<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/world-europe-62175758\">BBC<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2022\/jul\/16\/thousands-evacuated-as-wildfires-sweep-across-western-europe\">The Guardian<\/a> | <a href=\"https:\/\/www.dw.com\/en\/wildfires-scorch-southern-europe\/g-62501980\">DW<\/a><\/p>\n<p><strong>HAPPENING NOW- President Abdel Fattah El Sisi is in Berlin to participate in the Petersberg Climate<\/strong><strong> Dialogue<\/strong> following an invitation by German Chancellor Olaf Scholz, according to an Ittihadiya <a href=\"https:\/\/tinyurl.com\/mr3a2yfu\">statement<\/a>. The summit is one of several climate-related stops ahead of the Sharm El Sheikh-hosted COP27 in November, the statement reads. El Sisi is set to meet several top German officials, including Scholz, to discuss cooperation and issues of mutual interest.<\/p>\n<p><strong>**PSA- 6 October and Sheikh Zayed residents have full access to the Mehwar again<\/strong> after authorities fully reopened the crucial roadway from Sheikh Zayed to Lebanon Square, <a href=\"https:\/\/tinyurl.com\/4p3ncak3\">Youm7<\/a> reports. The Mehwar was closed in one direction for nearly two weeks while it was being expanded.<\/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>Inflation <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5767f10-3fb8-45c0-bc85-701b182e66d7\">unexpectedly slowed<\/a><\/strong><strong> for the first time in seven months in June<\/strong> as food prices declined for a second month in a row, with consumer prices in urban areas rising 13.2% during the month.<\/li>\n<li><strong>The government\u2019s fuel pricing committee <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59629508-f337-48ec-b80c-092a43eecb30\">raised the price<\/a><\/strong><strong> of fuel<\/strong> as it looks to reduce its subsidy bill amid rising global energy prices.<\/li>\n<li><strong>\u201cProductive discussions\u201d with the IMF \u2014 but no agreement yet:<\/strong> The IMF and Egyptian officials held \u201cproductive discussions\u201d on a fresh assistance programme during recent meetings in Cairo, the Fund and a government spokesperson <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/19d96164-776b-492a-ad5a-a55d8ea4f6e2\">said in separate statements<\/a>.<\/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 engineering and automotive industry players about what they think of the discussions and what else needs to happen in their sectors for the privatization push to play out well. The executives we spoke to highlighted the need to focus on local production and sourcing the raw materials needed, the importance of expediting the licensing process, and the role SMEs could play within the field.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>State\u2019s national dialogue meetings to resume on Tuesday:<\/strong> The board overseeing the Sisi administration\u2019s national dialogue will hold its second meeting this week, during which it will set a schedule of debate, discuss the agenda and form subcommittees.<\/p>\n<p><strong>Need a refresher on the national dialogue?<\/strong> We\u2019ve <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/618da10f-a3ed-44b3-92e6-b25ee5ff7eae\">got you covered.<\/a><\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 41\u00b0C tomorrow and a nighttime low of 25\u00b0C, according to our favorite weather app.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madinet-masr-for-housing-and-development\/\">Madinet Masr for Housing and Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/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=\"551712\" 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=\"551712\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/551712\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551712\" class=\"content-area-description single-story post-551712 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=\"551713\" 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=\"551713\">\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\/17\/how-slowed-human-activity-during-covid-affected-global-wildlife-the-uae-is-ramping-up-its-space-satellites\/\">\r\n                            How slowed human activity during covid affected global wildlife + The UAE is ramping up its space satellites                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/how-slowed-human-activity-during-covid-affected-global-wildlife-the-uae-is-ramping-up-its-space-satellites\/375-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/375.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"375.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/375.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/375.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551713\" class=\"content-area-description single-story post-551713 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-climate-change tag-enterprisepm tag-environment tag-for-your-commute tag-space tag-uae 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>Remember how \u201cthe planet was healing\u201d in the early days of covid-19?<\/strong> A growing body of research has showed the ways that global wildlife benefited from what scientists have referred to as an \u201canthropause\u201d \u2014 the slowdown of human activity during the covid-19 pandemic \u2014 as well as how the ecosystem still relies on human protection and resources, the <a href=\"https:\/\/www.nytimes.com\/2022\/07\/16\/science\/pandemic-nature-anthropause.html\">New York Times<\/a> reports, citing various studies and researchers. Reduced human travel, traffic, and noise levels affected different species\u2019 movement and choices of habitat. The lack of pollution from swimmers improved water clarity in some areas by 56%, for example, while fish density, biomass and diversity rose in areas that had seen a break from snorkelers, one <a href=\"https:\/\/www.honolulu.gov\/rep\/site\/dpr\/hanaumabay_docs\/Hanauma_Bay_Carrying_Capacity_Study_Year_3_2020_to_2021-compressed.pdf\">study (pdf)<\/a> found. Meanwhile, species began moving to new habitats and increasing their daytime activity as the \u201clandscape of fear\u201d \u2014 characterized by high noise levels and abundant human traffic \u2014 dissipated.<\/p>\n<p><strong>But we also play a role in protecting them: <\/strong>While the pandemic highlighted how we harm the environment, the nuances in the way our ecosystem works also came to light. Reduced conservation efforts and human control as projects were stripped of funding and forced to make delays made some species more vulnerable to extinction, some studies found. The lull caused by the pandemic also emboldened some invasive species that scientists have been working to cull for years in order to protect other native animals. Meanwhile, illegal poaching of wildlife, as well as logging and mining, saw spikes in several countries as a result of reduced surveillance and human activity.<\/p>\n<p><strong>Minor tweaks to the way we travel and move around can make a world of difference: <\/strong>The answer is not to halt tourism, scientists acknowledge, but to set some boundaries that could help protect wildlife and biodiversity. These efforts could include prohibiting swimming in areas that serve as refuge to some sea creatures during low seasons, or building wildlife crossings over highways to prevent roadkill, some scientists suggest.<\/p>\n<p><strong>You can also make small changes to your beach days so your fun in the sun doesn\u2019t<\/strong><strong> harm the environment:<\/strong> The beach is a meeting point for the three types of threats to the ocean: Climate change, pollution (mostly from plastics), and disturbing marine life biodiversity. Depending on the choices you make leading up to and on your day on the beach, you can either positively or negatively impact all three, chief scientist at the <a href=\"https:\/\/oceanconservancy.org\/\">Ocean Conservancy<\/a> tells the <a href=\"https:\/\/www.washingtonpost.com\/climate-solutions\/2022\/07\/16\/beach-vacation-sustainable\/\">Wall Street Journal<\/a>. Several of the things you can do to protect the beach, actually start at home, including using fewer fertilizers, avoiding overwatering your garden and not littering, since trash and pollutants can end up in the ocean through runoff. And once you decide to book a beach day, it\u2019s helpful to stay mindful of your carbon footprint when planning travel and accommodation by choosing spots closer to home, relying on low-emission travel, and staying at greener accommodations, such as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a09b74b-f6d9-4645-a280-83526be82ac8\">eco lodges<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The UAE is setting up a USD 817 mn fund to develop satellites and support its space<\/strong><strong> program<\/strong>, UAE President Sheikh Mohamed bin Zayed said in a <a href=\"https:\/\/twitter.com\/MohamedBinZayed\/status\/1548563712742952960?cxt=HHwWgMDUob-fzf0qAAAA\">tweet<\/a>. The \u2018Sirb\u2019 (Arabic for flock of birds) project will launch a constellation of advanced imaging satellites, with the first satellite set to launch in three years. It will be built through partnerships between the public and private sectors and international firms, <a href=\"https:\/\/wam.ae\/en\/details\/1395303066705\">WAM<\/a>reports.The satellites will help detect oil spills, and aid in search and rescue missions and monitoring ships. \u201cThe project will contribute to the UAE\u2019s efforts to develop solutions to climate change, environmental sustainability and improved disaster management,\u201d the UAE media office said in a <a href=\"https:\/\/twitter.com\/UAEmediaoffice\/status\/1548566561278963712\/photo\/2\">tweet<\/a>.<\/p>\n<p><strong>The fund will also bolster the UAE\u2019s ambitious <\/strong><strong><a href=\"https:\/\/space.gov.ae\/\">Space Agency<\/a><\/strong>, which deployed the MENA region\u2019s first <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/472ae014-0a79-4bc6-a327-4424a42300e1\">interplanetary probe into Mars\u2019 orbit<\/a>last year, and has plans to explore Venus within seven years and send an unmanned spacecraft to the moon in 2024, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-17\/uae-earmarks-820-million-to-build-satellites-fund-space-plan?srnd=premium-middle-east#xj4y7vzkg\">Bloomberg<\/a>reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/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> 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class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"551716\">\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\/07\/17\/the-science-of-psychedelics-your-favorite-maadi-bakery-is-now-at-almaza-plus-the-story-of-three-muslim-friends-and-their-cultural-gaps-in-london\/\">\r\n                            The science of psychedelics + Your favorite Maadi bakery is now at Almaza. Plus: The story of three Muslim friends and their cultural gaps in London                        <\/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\/17\/the-science-of-psychedelics-your-favorite-maadi-bakery-is-now-at-almaza-plus-the-story-of-three-muslim-friends-and-their-cultural-gaps-in-london\/\" 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\/17\/the-science-of-psychedelics-your-favorite-maadi-bakery-is-now-at-almaza-plus-the-story-of-three-muslim-friends-and-their-cultural-gaps-in-london\/')\">\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\/17\/the-science-of-psychedelics-your-favorite-maadi-bakery-is-now-at-almaza-plus-the-story-of-three-muslim-friends-and-their-cultural-gaps-in-london\/\">\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=The science of psychedelics + Your favorite Maadi bakery is now at Almaza. 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Directed by Emmy-nominated filmmaker Alison Ellwood and two-time Academy Award-nominated Lucy Walker, the series is based on a book by the same name by best-selling author Michael Polan, who takes center-stage in the episodes. The first season is made up of four episodes, and each lasts no longer than 55 minutes \u2014 but the controversial nature of the docuseries means this is not an easy watch. However, the show\u2019s reliance on facts and scientific research, rather than attention-grabbing tactics to shock viewers, is what sets it apart.<\/p>\n<p>\u26bd <strong>The Egyptian Premier League is heating up<\/strong>, with three games to keep us entertained tonight: At 6:30pm El Gouna will face Tala\u2019e El Geish, and Smouha will play against Al Ahly Bank. Later at 9pm, El Moqawloon El Arab will play against Ceramica Cleopatra.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Pick up freshly-baked goods by the sea at Almaza Bay\u2019s <\/strong><strong><a href=\"https:\/\/ratiosonthebeach.com\/\">Ratios On The Beach<\/a><\/strong><strong>: <\/strong>The artisan bakery specializes in sourdough bread, pastries, sweets, and handcrafted savory creations, and those of us who spent their Eid break in Almaza Bay were delighted to find our favorite <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/55e86c56-0db6-4314-b53e-28204dafa535\">Maadi bakery<\/a> up and running at the Village. What truly stands out at Ratios is the high quality of ingredients they use, and the guaranteed freshness of any item you pick \u2014 their bread and croissants are made the traditional way: By hand, and in small batches..Their products also stand out because they undergo a lengthy, natural fermentation process, which results in not only a superb tase, but also makes their bread more easily digestible. We hesitate to name just one item \u2014 all their products are highly recommended.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><br \/> (all times CLT)<\/p>\n<p><strong>A women-led musical experience takes center stage tomorrow at El Sawy Culture Wheel<\/strong><strong> with <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/1053107398931402\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_friends_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\">Ritmo Band<\/a><\/strong><strong>: <\/strong>Made up of six self-proclaimed music obsessives, the girls of Ritmo Band will present their own unique blend of music by mixing different genres and cultures, including Egyptian, oriental, Lebanese, Khaliji, and international songs. The concert will begin at 7pm.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong><a href=\"https:\/\/www.amazon.com\/These-Impossible-Things-Salma-El-Wardany\/dp\/1538709309\">These Impossible Things<\/a><\/strong><strong> delves into the friendship of three Muslim girls at a critical time<\/strong><strong> in their lives. <\/strong>Written by Egyptian-Irish author Salma El Wardany, this story of family, love, tradition, and faith is as beautiful as it is addictive. The story centers around Malak, Kees, and Jenna, a tight-knit trio of bestfriends who share the trials and tribulations of growing up Muslim in England. As the three of them approach the end of their college days, they are faced with existential questions on which path they will end up taking amid the pressures they face within their culture. The story alternates between the three perspectives, and includes a stint in Egypt, when Malak decides to move back to her home country on her own \u2014 an experience that only adds to her confusion, when she realizes she no longer belongs there. The novel is a great summer read that doesn\u2019t shy away from heavy subjects including assault, domestic violence, and generational culture gaps.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eat-this-tonight\/\">Eat This Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"551718\" 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=\"551718\">\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\/07\/17\/earnings-watch-maridive-oil-and-services\/\">\r\n                            Earnings watch: Maridive Oil and Services                        <\/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\/17\/earnings-watch-maridive-oil-and-services\/\" 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\/17\/earnings-watch-maridive-oil-and-services\/')\">\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\/17\/earnings-watch-maridive-oil-and-services\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Earnings watch: Maridive Oil and Services&url=https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/earnings-watch-maridive-oil-and-services\/\">\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\/17\/earnings-watch-maridive-oil-and-services\/&title=Earnings watch: Maridive Oil and Services\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Earnings+watch%3A+Maridive+Oil+and+Services+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F07%2F17%2Fearnings-watch-maridive-oil-and-services%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\/17\/earnings-watch-maridive-oil-and-services\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551718\" class=\"content-area-description single-story post-551718 post type-post status-publish format-standard hentry category-go-with-the-flow tag-earnings-watch tag-enterprisepm tag-go-with-the-flow tag-maridive wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EARNINGS WATCH- Maridive Oil and Services narrowed its losses to USD 10.71 mn in 1Q2022<\/strong>, down from USD 19.81 mn in the same quarter last year, according to the company\u2019s unaudited <a href=\"https:\/\/ent.news\/2022\/7\/Maridive-1Q2022.pdf\">financials (pdf)<\/a>. The company\u2019s revenues fell 45% y-o-y to USD 20.59 mn, compared to USD 37.72 mn in 1Q2021.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The EGX30 rose 0.1% at today\u2019s close<\/strong> on turnover of EGP 318.46 mn (61.4% below the 90-day average). Local investors were net sellers. The index is down 26.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>Cleopatra Hospitals (+3.1%), Medinet Nasr Housing (+3.1%) and EFG Hermes (+2.4%).<\/p>\n<p><strong>In the red: <\/strong>\u0650Abu Dhabi Islamic Bank- Egypt (-2.3%), Fawry (-2.1%) and Orascom Development Egypt (-2.0%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/maridive\/\">Maridive<\/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=\"551719\">\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\/engineering-industry-players-weigh-in-on-privatization-plans\/\">  \r\n                            Engineering industry players weigh in on privatization plans<\/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\/engineering-industry-players-weigh-in-on-privatization-plans\/\" 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\/engineering-industry-players-weigh-in-on-privatization-plans\/')\">\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\/engineering-industry-players-weigh-in-on-privatization-plans\/\">\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=Engineering industry players weigh in on privatization plans&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/engineering-industry-players-weigh-in-on-privatization-plans\/\">\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\/engineering-industry-players-weigh-in-on-privatization-plans\/&title=Engineering industry players weigh in on privatization plans\">\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=Engineering+industry+players+weigh+in+on+privatization+plans+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Fengineering-industry-players-weigh-in-on-privatization-plans%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\/engineering-industry-players-weigh-in-on-privatization-plans\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/378.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=\"551720\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/engineering-industry-players-weigh-in-on-privatization-plans\/378-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/378.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"378.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/378.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/378.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-551719\" class=\"content-area-description post-551719 inside_industry type-inside_industry status-publish has-post-thumbnail hentry tag-automotive-directive tag-engineering tag-enterprise-inside-industry tag-enterprisepm tag-madbouly-government tag-state-ownership-policy-document tag-state-privatization-program 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 automotive + engineering players have to say about the state\u2019s privatization plans:<\/strong> The government\u2019s 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> \u2014 which lays out their privatization plans \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3285bbd4-3a2d-47f3-a2e0-1f9b33ec098d\">kicked off last month<\/a>. In the week prior to the Eid Al Adha break, engineering industry experts and automotive players gathered to share their thoughts on what the sector needs and lay out recommendations on how best to bring the private sector on board, according to an <a href=\"http:\/\/eparticipation.idsc.gov.eg\/calendarDetails\/21\">official statement<\/a>. The biggest areas of concern the session\u2019s attendees cited when Enterprise spoke with them: The need to see actual changes on the ground, expediting processes and streamlining procedures for investors, addressing raw materials shortages, and boosting local component usage.<\/p>\n<p><strong>Refresher:<\/strong> Every Sunday and Tuesday sees <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 wants to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0894c99e-e18e-473e-a869-64812c50988b\">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. You can catch our coverage of previous workshops on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/333e8408-4299-4cd4-b53a-df301c90ab50\">agriculture<\/a> and <a href=\"https:\/\/enterprise.press\/industries\/fmcg-players-think-states-privatization-plans-merit-want-see-additional-clarity-changes\/\">FMCGs<\/a> and you can find more details on the schedule of the meetings <a href=\"https:\/\/bit.ly\/3OBDGJX\">here<\/a>.<\/p>\n<p><strong>The broad sentiment: Everything looks good on paper, but industry players want actual changes on the ground<\/strong>, several experts we spoke to said. \u201cThe written statements are excellent, but will they be implemented?\u201d questioned Mohamed El Mohandes, Chairman of the Chamber of Engineering Industries and Chairman of the Mechanical Factories Company. The session dove into the need for legislation enshrining the effective participation of business owners and investors, to achieve the document\u2019s objectives, he added.<\/p>\n<p><strong>Focusing on raw materials could be a boon:<\/strong> Egypt\u2019s engineering industries have the potential to be the country\u2019s highest-growing exporting sector, Sherif El Sayyad, head of the Export Council for Engineering Industries, told Enterprise. This goal could be achieved by introducing incentives for foreign investors to increase the local production of raw materials, cutting customs duties on more industrial components of the sector, he added. The House of Representatives gave its final approval to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09cecb3d-18ae-4a0b-9231-3de978ce8881\">amending customs duties<\/a>on hundreds of imports in early June as part of a push to make local manufacturing more viable, but the council wants to include more components to the list. The council also wants to see the government dish out export subsidies more quickly to reduce the disbursement period to 1.5 years.<\/p>\n<p><strong>SMEs could play a big role here:<\/strong> The participants called for more incentives for small and micro enterprises in the state ownership document, to ensure their participation and support the growth of the formal economy over the informal, said Soic Infinity for Facade Engineering and Contracting Chairman Shaimaa Oleba. \u201cWe need to support local production, and legislation should comply with the state\u2019s directions to support the industry,\u201d she said.<\/p>\n<p><strong>Across the board, licensing needs to be faster + easier:<\/strong> Industrial licenses should be processed faster, and registration procedures should take less time and cost less money, El Mohandes suggested, adding that authorities should ensure that administrative employees are following through the state\u2019s mechanisms and facilitating the process for businesses across governorates, not just in Cairo. Expanding access to \u201cgolden licenses\u201d\u2014 which are meant to expedite approvals for projects \u2014 to the entire private sector could also help attract more investments faster said Raafat El Khanagri, Chairman of the Egyptian Company for Auto Feeding Industries. The Madbouly Cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/758d07cb-6364-4515-bfac-3d307abb9653\">recently approved<\/a> amendments to the Investment Act\u2019s executive regulations that would expand access to \u201cgolden licenses\u201d to limited liability companies.<\/p>\n<p><strong>And pushing the automotive industry forward is a priority:<\/strong> One of the most important points of discussion was how to turn Egypt into a regional center for the automotive industry, according to Khaled Saad, General Manager of Brilliance and President of the Automobile Manufacturers Association, who added that the sector is currently suffering from a shortage of raw materials worldwide, along with the high cost of shipping, the availability of USDs, and the required <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1237459-2827-438d-96c3-8fe7a8dce26e\">letters of credits<\/a> (L\/Cs). In February, a change in rules required importers to get letters of credit (L\/Cs) in order to import non-essential goods, but the presidency later announced that production inputs and raw materials will be exempt from the rules handed down by the Central Bank of Egypt. Under the presidential decision, businesses have been permitted to use documentary collection to speed the payment for imported goods, but industry sources tell Enterprise importing components is still more challenging than it used to be.<\/p>\n<p><strong>Addressing these issues will likely be on the forefront as the gov\u2019t works on its automotive strategy: <\/strong>A government-drafted bill was referred to the House that would establish a council for vehicle manufacturing and a fund to manage the financing of a local electric vehicle production industry. This is likely part of government plans to develop the local automotive industry with a focus on EVs, which saw it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a483336-63e2-45b1-9cf1-d0eb0e8a42f4\">unveil its automotive strategy<\/a> earlier this year.<\/p>\n<p><strong>Supporting EVs has to be a priority<\/strong>, auto industry players reiterated, and the localization of Egypt\u2019s auto industry should be concentrated on EVs as the world transitions away from traditional cars, Saad believes. Egypt plans to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e01712b2-bb02-4e7a-90c0-7ceea783a6e7\">produce<\/a> its first locally assembled electric vehicles in 2023, and has invested EGP 450 mn to roll out the infrastructure required to make EVs viable on Egyptian roads. State-owned El Nasr Automotive recently <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/963ef0b4-e370-4987-94ff-0db53c2aada9\">signed an MoU<\/a> with Chinese car manufacturer BAIC Group to produce EVs in Egypt and is planning to sign final contracts by the end of July.<\/p>\n<p><strong>Electric vehicle batteries could be our gateway to production growth:<\/strong> Producing EV batteries could create a gateway to manufacture electric cars locally and attract investments, suggest Saad and El Khanagry. Egypt could become a regional hub and export to Africa and the Middle East, instead of merely assembling cars for the local market, they said. Enterprise recently learned that El Nasr Automotive is partnering with Germany\u2019s FEV Group to consult on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/963ef0b4-e370-4987-94ff-0db53c2aada9\">how to build the EV battery sector<\/a> from scratch while also looking for a Chinese partner to help with the manufacturing.<\/p>\n<p><strong>Also on the agenda: How to reform public enterprises.<\/strong> Investors want assurances that companies\u2019 success does not depend solely on workers, several experts we spoke to said. Public sector employees typically get their full compensation regardless of individual performance or the company\u2019s earnings, unlike private sector companies where workers get paid by the hour and business owners prioritize their own bottom lines, an industry insider explained. This has resulted in many public sector companies taking on more losses than they can afford, which makes them less appealing to investors.<\/p>\n<p><strong>The perfect reform equation needs to give equal weight to four components<\/strong>, Tanta Motors Managing Director Amr Abu Freikha, told Enterprise: Employees\u2019 incomes, shareholders\u2019 bottom lines, the state\u2019s tax revenues, and the company\u2019s growth. \u201cIf you prioritize one of these over the others, it creates an imbalance within the company,\u201d Abu Freikha said. The mechanisms for evaluating companies must be reconsidered in order to avoid recurring privatization problems, Abu Freikha said, and legislation amendments should ensure investor rights.<\/p>\n<p><strong>\u2026 and the Labor Act amendments should address that. <\/strong>The relationship between workers and the company has to be built and managed properly, Abu Freikha said, to ensure that the state receives its dues and that investors achieve profitability. The experts we spoke to are hopeful that the newly-overhauled Labor Act, which the Senate <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ca0eee4d-fde9-42b2-b59e-d153ab58a28e\">approved in February<\/a>, would address some of these concerns. The law would, if enacted, cap working hours, and change minimum raise increments. Catch <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ae083a4f-781c-443d-ad37-ab705d0103ee\">our explainer here<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top industrial development stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>LRT kick-off: <\/strong>The first phases of the light rail transit system (LRT) connecting Cairo, the new administrative capital and Tenth of Ramadan <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/00af5336-3e86-42aa-bf52-68ba552bf68b\">began operations<\/a>in the first week of July.<\/li>\n<li><strong>Taqa Arabia and Abu Soma Tourism Development Company<\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c48aedde-b2c6-4e40-b86f-3900beb3698f\">agreed to establish<\/a>a solar-powered <strong>seawater desalination plant<\/strong> at Somabay.<\/li>\n<li><strong>GB Auto is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9ef687b-6c90-42af-b913-873a7115e4c1\">set to turn<\/a><\/strong><strong> a brownfield site in Sadat City into a passenger car and light commercial vehicle factory.<\/strong> The factory will assemble some 50k cars for Chinese brands Changan and Haval annually and is expected to start operating in November 2023.<\/li>\n<li><strong>Austrian steelmaker Voestalpine and Egyptian National Railways are <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e091da66-dfef-4daf-863d-fd4f3176fd16\">joining forces<\/a><\/strong><strong>to form a JV <\/strong>to make railway tracks at ENR\u2019s Cairo factory.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-directive\/\">Automotive Directive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/engineering\/\">engineering<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madbouly-government\/\">Madbouly Government<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-ownership-policy-document\/\">State ownership policy document<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-privatization-program\/\">state privatization program<\/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=\"551721\" 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\/17\/551721\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551721\" class=\"content-area-description single-story post-551721 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>19 July (Tuesday): The national dialogue\u2019s board to <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/471198\/Egypt\/Politics-\/UPDATED-Egypt%E2%80%99s-national-dialogue-board-of-trustee.aspx\">reconvene<\/a>.<\/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>7-9 September (Wednesday-Friday): African Finance Ministers to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid034TbdNfjuu5yHr2NAycih1ggLyA8CPUgnE4AB8MF3SD1Zpv5rTvBmitm7sb4GyiqDl\">meet in Cairo<\/a> to coordinate an African-led position during COP27.<\/p>\n<p>The ministers\u2019 meeting, scheduled for September 7 to 9 in Egypt,<\/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>2H2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish above between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":551710,"template":"","categories":[],"tags":[],"class_list":["post-551709","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e6b1cfcd-883d-4ff1-b019-94823cd58efe","teaser":"","photo_url":"https:\/\/ent.news\/2022\/7\/53.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>Back in full swing - 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\/back-in-full-swing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Back in full swing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/back-in-full-swing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:29:29+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/53.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\/back-in-full-swing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/back-in-full-swing\/\",\"name\":\"Back in full swing - 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