{"id":551769,"date":"2022-07-20T13:23:19","date_gmt":"2022-07-20T13:23:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=551769"},"modified":"2025-12-15T23:30:51","modified_gmt":"2025-12-15T23:30:51","slug":"say-hello-to-mind-reading-chips","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/say-hello-to-mind-reading-chips\/","title":{"rendered":"Say hello to mind-reading chips"},"content":{"rendered":"<section id=\"551771\" 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=\"551771\">\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\/20\/this-evening-beltone-has-two-weeks-to-decide-on-chimeras-acquisition-bid-putin-says-gazprom-is-keeping-the-taps-on\/\">\r\n                            THIS EVENING: Beltone has two weeks to decide on Chimera\u2019s acquisition bid + Putin says Gazprom is keeping the taps on.                        <\/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\/20\/this-evening-beltone-has-two-weeks-to-decide-on-chimeras-acquisition-bid-putin-says-gazprom-is-keeping-the-taps-on\/\" 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\/20\/this-evening-beltone-has-two-weeks-to-decide-on-chimeras-acquisition-bid-putin-says-gazprom-is-keeping-the-taps-on\/')\">\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\/20\/this-evening-beltone-has-two-weeks-to-decide-on-chimeras-acquisition-bid-putin-says-gazprom-is-keeping-the-taps-on\/\">\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: Beltone has two weeks to decide on Chimera\u2019s acquisition bid + Putin says Gazprom is keeping the taps on.&url=https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/this-evening-beltone-has-two-weeks-to-decide-on-chimeras-acquisition-bid-putin-says-gazprom-is-keeping-the-taps-on\/\">\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\/20\/this-evening-beltone-has-two-weeks-to-decide-on-chimeras-acquisition-bid-putin-says-gazprom-is-keeping-the-taps-on\/&title=THIS EVENING: Beltone has two weeks to decide on Chimera\u2019s acquisition bid + Putin says Gazprom is keeping the taps on.\">\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+Beltone+has+two+weeks+to+decide+on+Chimera%E2%80%99s+acquisition+bid+%2B+Putin+says+Gazprom+is+keeping+the+taps+on.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F07%2F20%2Fthis-evening-beltone-has-two-weeks-to-decide-on-chimeras-acquisition-bid-putin-says-gazprom-is-keeping-the-taps-on%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\/20\/this-evening-beltone-has-two-weeks-to-decide-on-chimeras-acquisition-bid-putin-says-gazprom-is-keeping-the-taps-on\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551771\" class=\"content-area-description single-story post-551771 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-beltone-financial tag-chimera-investments tag-energy tag-enterprisepm tag-ma-watch tag-russia 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, wonderful people, and a very happy almost-THURSDAY to us all.<\/strong> It\u2019s a relatively calm day on the news front here in Omm El Donia as we push through to the weekend.<\/p>\n<p><strong>The private sector will be off on Saturday in observance of the 23 July Revolution<\/strong>, according to a Manpower Ministry <a href=\"https:\/\/tinyurl.com\/374dp733\">statement<\/a>. This follows an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c431b2e5-7bad-4fc0-8498-ea3b8c68db17\">announcement<\/a>frp, Cabinet yesterday on Saturday being a national holiday for both the public and private sector. The announcements mean that the government will not be pushing the holiday to a weekday, as has been usually the case since 2020 with most mid-week holidays.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>We\u2019ll know the fate of Chimera\u2019s bid for Beltone within two weeks:<\/strong> Beltone Financial has until Wednesday, 3 August to come to a decision on Chimera Investments\u2019 bid to acquire up to 90% of its shares, according to an <a href=\"https:\/\/ent.news\/2022\/7\/Screenshot-2022-07-20-141654.pdf\">EGX announcement (pdf)<\/a> today. This comes a day after the Financial Regulatory Authority <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa29ca31-5b82-416f-908d-63bd5f9b7db6\">greenlit<\/a> Chimera\u2019s offer, which will trigger an MTO.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>It\u2019s a whole lot of Russia and energy in the international business<\/strong><strong> press this afternoon:<\/strong> Russian President Vladimir Putin said Moscow would stick to its commitments on natural gas deliveries to Europe yet warned that Russian supplies sent through the biggest pipeline to Europe, Nord Stream, could dwindle further, <a href=\"https:\/\/www.wsj.com\/articles\/vladimir-putin-says-russia-will-honor-gas-commitments-but-warns-of-new-nord-stream-curbs-11658308388?mod=hp_lead_pos1\">the Wall Street Journal<\/a>reported him as saying. Despite the reassurance, Putin said that deliveries might be slashed by around 20% by next week if a pipeline turbine undergoing maintenance in Canada isn\u2019t returned soon. Gazprom had already slashed gas exports through the pipeline to 40% capacity last month, blaming sanctions imposed by Canada on the failure to return a turbine Siemens Energy was repairing there.<\/p>\n<p><strong>The EU already has a contingency plan in mind: <\/strong>The EU Commission is suggesting that member states (voluntarily) slash their gas use by 15% over the coming months to accommodate for a Russian natural gas cutoff, <a href=\"https:\/\/apnews.com\/article\/russia-ukraine-putin-covid-health-a1500569ed94c20565447cc51f48a6fb\">AP<\/a> reports. The Commision could move to impose mandatory cuts when there is a substantial risk of a severe gas shortage or exceptionally high demand.<\/p>\n<p><strong>Also getting lots of play abroad: UK inflation jumped to a new 40-year high of 9.4% in<\/strong><strong> June<\/strong>, with the accelerating pace driven by rising global food and energy prices, data by the <a href=\"https:\/\/tinyurl.com\/5c86mn9s\">UK Office for National Statistics<\/a> showed. New inflation figures are expected to give room for a rare 50 bps interest rate hike by the Bank of England next month, according to <a href=\"https:\/\/www.reuters.com\/world\/uk\/uk-inflation-hits-94-june-2022-07-20\/\">Reuters<\/a>.<\/p>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>Egypt-Serbia Business Council gets down to business:<\/strong> Ramping up investments and trade relations between Egypt and Serbia were the top agenda priorities President Abdel Fattah El Sisi touched on during the inaugural meeting of the Egypt-Serbia Business Council, according to an Ittihadiya <a href=\"https:\/\/tinyurl.com\/bdzy7puf\">statement<\/a>. The two countries are also finalizing a double taxation treaty, Serbian President Aleksandar Vucic said.<\/p>\n<p><strong>El Sisi and Vucic also discussed the ongoing war in Ukraine and its impact on food and<\/strong><strong> energy security<\/strong>, according to a separate Ittihadiya <a href=\"https:\/\/tinyurl.com\/mwy5pmj4\">statement<\/a>.<\/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>Upmarket real estate developer SODIC has said it <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b6aaff5-9a04-4a73-858a-2394943ce11f\">will not revise<\/a><\/strong><strong> its offer price<\/strong> for up to 100% of Madinet Nasr Housing and Development (MNHD) without getting the green light to conduct due diligence on the company.<\/li>\n<li><strong>Chimera is one step closer to acquiring Beltone:<\/strong> Chimera Investments\u2019 bid to acquire up to 90% of Beltone Financial is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa29ca31-5b82-416f-908d-63bd5f9b7db6\">poised to go through<\/a> after getting the Financial Regulatory Authority\u2019s (FRA) stamp of approval.<\/li>\n<li><strong>Bye, Alexandria:<\/strong> Cairo-born mass transport app Swvl <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac7d324a-5688-46b7-a6d1-dac8aa9c0688\">has suspended<\/a> all its routes within the city of Alexandria as part of ongoing efforts to cut costs.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The national dialogue board is set to meet again before the end of the month<\/strong>, marking its third meeting since the board convened earlier in July, dialogue general coordinator Diaa Rashwan said at a presser last night. The board refrained from setting a specific date for its upcoming meeting in efforts to give its members time to discuss the issues brought up. The third meeting will see the board decide on heads and members of the three political subcommittees it agreed on during yesterday\u2019s meeting.<\/p>\n<p><strong>IDG to host cultural festival with sustainable waste in focus at Alamein:<\/strong> Our friends at Industrial Development Group (IDG) are hosting a cultural festival at their eco-sustainable industrial park, e2 Alamein, on the North Coast, according to <a href=\"https:\/\/ent.news\/2022\/7\/IDG-PR-Alamein-Industrial-Park-E-V1.docx-1.pdf\">a statement (pdf)<\/a>. The \u201cLocale\u201d festival, which IDG is hosting in partnership with Art d\u2019Egypte, will showcase nine art installations made with recycled materials to raise \u201cawareness around waste management and encouraging waste prevention, reuse, and recycling behavior.\u201d The event launches this Thursday, 21 July and runs through the summer.<\/p>\n<p><strong>Calling tech startups:<\/strong> Universities of Canada in Egypt-based incubator DMZ Cairo has opened applications for its second eight-month incubation program for tech startups, which begins in November, according to <a href=\"https:\/\/ent.news\/2022\/7\/PR-1-DMZ-Cairo-Cycle-2.pdf\">a statement (pdf)<\/a>. The incubator \u2014 which is backed by the Academy of Scientific Research and Technology and the National Technological Incubators Program \u2014 is accepting applications for the cycle until 29 September.<\/p>\n<p><strong>Further afield, leaders from across Africa are scheduled to convene in Washington for<\/strong><strong> the US-Africa Leaders Summit from 13-15 December.<\/strong> The summit will bring together leaders to discuss pressing matters including food security and climate change, according to a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2022\/07\/20\/statement-by-president-biden-on-the-u-s-africa-leaders-summit\/\">White House statement<\/a>.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 39\u00b0C tomorrow before the mercury falls to a more manageable 22\u00b0C at night, our favorite weather app tells us.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/beltone-financial\/\">Beltone Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chimera-investments\/\">Chimera Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"551772\" 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=\"551772\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/551772\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n           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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\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/\">\r\n                            Never mind the crypto crash \u2014 risky investment is young investors\u2019 go-to + Mind-reading chips are here                        <\/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 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/395-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/395.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"395.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/395.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/395.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551773\" class=\"content-area-description single-story post-551773 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-cryptocurrency tag-enterprisepm tag-for-your-commute tag-investment-watch tag-meme-stocks tag-nfts tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Lottery-like investing behavior is the youths\u2019 preferred flavor:<\/strong> Speculative financial products \u2014 like crypto, NFTs and meme stocks \u2014 are growing more popular among younger generation of investors, as the promise of big payouts becomes more lucrative than the (now fading) idea of financial stability, the <a href=\"https:\/\/www.ft.com\/content\/bce2ef2a-77d8-485e-ba69-92579f8fceb6\">Financial Times<\/a> reports. The current global financial backdrop \u2014 marked by soaring housing prices, stagnant wages and rising inflation \u2014 have discouraged DIY traders in the under-40 age bracket from taking traditional investment routes that offer little return on investment, pushing more and more people towards riskier, more anti-establishment investments that seem to operate on their own sets of rules. \u201cThe idea that the mainstream economy is trustworthy, more so than these other [assets], is kind of dubious in recent experience,\u201d a professor of social and cultural analysis at NYU tells the salmon-colored paper.<\/p>\n<p><strong>Young investors don\u2019t mind the risk \u2014 even though crypto just went through a crash:<\/strong> Rising debt levels and lower levels of returns have fundamentally changed people\u2019s relationships with risk, experts say. Young investors are now more likely to treat speculative assets as lottery tickets, the FT says, approaching them with the notion that while they could be worthless, the gamble could pay off. \u201cA lot of people view it like they can\u2019t afford not to,\u201d one young investor says. \u201cI think they\u2019re running out of hope.\u201d<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Mind-reading chips have officially arrived:<\/strong> Brain-computer interface startup <a href=\"https:\/\/synchron.com\/\">Synchron<\/a><a href=\"https:\/\/synchron.com\/\"><\/a>implanted its first device into the brain of an ALS patient in New York earlier this month, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-18\/brain-computer-interface-company-implants-new-type-of-device#xj4y7vzkg\">Bloomberg<\/a> reported. This is the first US clinical trial of a brain implant that can help severely paralyzed patients communicate by using their thoughts to send texts and emails. The 1.5-inch device has already been implanted in four people in Australia, who have since been able to send WhatsApp messages and shop online \u2014 with no reported side effects so far. Synchron has now overtaken <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63bd1b87-612f-4a0a-881b-ac17db14ec03\">Elon Musk\u2019s Neuralink<\/a>, which is yet to receive FDA approval (Synchron got the regulatory greenlight to begin human trials in July 2021). Neuralink is a neural interface technology that Musk plans to embed in brains to enhance human intelligence in an increasingly AI-driven world.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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       <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/396.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"551777\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/the-story-of-the-us-only-unresolved-commercial-airline-hijacking-a-memoir-of-growing-up-jewish-in-egypt\/396-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/396.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"396.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/396.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/396.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551776\" class=\"content-area-description single-story post-551776 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><br \/> (all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>The story of the US\u2019 only unresolved commercial airline hijacking:<\/strong> On Thanksgiving Eve 1971, a man smartly dressed in a suit, tie, and black sunglasses bought a one-way ticket to Seattle under the name Dan Cooper. After boarding the plane, he claimed to have explosives in his briefcase and managed to hijack the flight (without harming any of the passengers or the crew) after demanding USD 200k. The hijacker parachuted off the aircraft with the briefcase carrying the money, disappearing without a trace \u2014 50 years later, the FBI is no closer to finding out his real identity or fate. Netflix documentary <a href=\"https:\/\/www.youtube.com\/watch?v=29i4ZpCxeJA\">D.B. Cooper: Where Are You?!<\/a> Dives into the (still unsolved) case, exploring top suspects and theories that have been put forth.<\/p>\n<p><strong>The case has amassed plenty of attention over the years<\/strong>, with <a href=\"https:\/\/www.amazon.com\/Cooper-Flight-305-Reexamining-Disappearance\/dp\/0764362569\">books<\/a> on the topic published, <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-cooper-vortex\/id1439712498\">podcasts<\/a> dedicated to solving the case, and characters and situations inspired by Cooper appearing in films and shows.<\/p>\n<p>\u26bd <strong>Still no football today, folks.<\/strong><\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><br \/> (all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Noha Fekry takes the <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/288857209902868\/288857253236197\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22search_results%22%2C%22surface%22%3A%22bookmark_search%22%7D]%2C%22ref_notif_type%22%3Anull%7D\">Jazz Bar<\/a><\/strong><strong>stage tonight at 9:30pm<\/strong> at Kempinski Nile Hotel.<\/p>\n<p><strong>Show off your karaoke chops (or make everyone\u2019s ears bleed) at <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/504449064668922\/527907668989728\/?acontext=%7B%22event_action_history%22%3A[%7B%22extra_data%22%3A%22%22%2C%22mechanism%22%3A%22search_results%22%2C%22surface%22%3A%22bookmark_search%22%7D%2C%7B%22extra_data%22%3A%22%22%2C%22mechanism%22%3A%22surface%22%2C%22surface%22%3A%22permalink%22%7D]%2C%22ref_notif_type%22%3Anull%7D\">Room New Cairo\u2019s<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/504449064668922\/527907668989728\/?acontext=%7B%22event_action_history%22%3A[%7B%22extra_data%22%3A%22%22%2C%22mechanism%22%3A%22search_results%22%2C%22surface%22%3A%22bookmark_search%22%7D%2C%7B%22extra_data%22%3A%22%22%2C%22mechanism%22%3A%22surface%22%2C%22surface%22%3A%22permalink%22%7D]%2C%22ref_notif_type%22%3Anull%7D\">Karaoke Night<\/a><\/strong><a href=\"https:\/\/www.facebook.com\/events\/504449064668922\/527907668989728\/?acontext=%7B%22event_action_history%22%3A[%7B%22extra_data%22%3A%22%22%2C%22mechanism%22%3A%22search_results%22%2C%22surface%22%3A%22bookmark_search%22%7D%2C%7B%22extra_data%22%3A%22%22%2C%22mechanism%22%3A%22surface%22%2C%22surface%22%3A%22permalink%22%7D]%2C%22ref_notif_type%22%3Anull%7D\"><\/a>tonight and tomorrow at 8pm.<\/p>\n<p><strong>The Egyptian Center for Culture and Arts - Makan is hosting the all-women group<\/strong> <strong><a href=\"http:\/\/www.egyptmusic.org\/en\/event\/mazaher-ensemble-zar-wednesday-july-20th-2022-%d9%81%d8%b1%d9%82%d8%a9-%d9%85%d8%b2%d8%a7%d9%87%d8%b1%d8%8c-%d8%a7%d9%84%d8%a3%d8%b1%d8%a8%d8%b9%d8%a7%d8%a1-20-%d9%8a%d9%88%d9%84%d9%8a%d9%88\/\">Mazaher<\/a><\/strong> at 8pm. Mazaher are the the last remaining Zar practitioners in Egypt, drawing inspiration from the Egyptian, African, and Sudanese styles of Zar music.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Growing up in Egypt as an Italian-American Jew:<\/strong> <a href=\"https:\/\/www.amazon.com\/Out-Egypt-Andr%C3%A9-Aciman-ebook\/dp\/B07JVF2GRB\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">Out of Egypt<\/a>is a 1994 memoir written by Italian-American writer Andr\u00e9 Aciman, who is best known for his 2007 novel <a href=\"https:\/\/www.goodreads.com\/book\/show\/36336078-call-me-by-your-name\">Call Me By Your Name<\/a>, which was adapted into an Oscar nominated film in 2017. Aciman grew up in Alexandria in an affluent Jewish family. His childhood memories of growing up in the coastal city and time spent with his family and the wider Jewish community paint a picture of the once-thriving cosmopolitan port that was home to a large expatriate population. He details his family\u2019s move from Italy to Turkey then to Egypt in 1905, long before he was born. His memoir recounts how various eccentric family members made and lost their fortunes, their contempt for the Arabic language (preferring to speak French, English, or Italian), and how they hid their Jewish identities amid the rising anti-Semitism that eventually led them to flee to Paris in the early 1960s.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"551778\" 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=\"551778\">\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\/20\/earnings-watch-centamin-reports-2q2022-results\/\">\r\n                            Earnings watch: Centamin reports 2Q2022 results                        <\/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\/20\/earnings-watch-centamin-reports-2q2022-results\/\" 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\/20\/earnings-watch-centamin-reports-2q2022-results\/')\">\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\/20\/earnings-watch-centamin-reports-2q2022-results\/\">\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: Centamin reports 2Q2022 results&url=https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/earnings-watch-centamin-reports-2q2022-results\/\">\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\/20\/earnings-watch-centamin-reports-2q2022-results\/&title=Earnings watch: Centamin reports 2Q2022 results\">\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+Centamin+reports+2Q2022+results+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F07%2F20%2Fearnings-watch-centamin-reports-2q2022-results%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\/20\/earnings-watch-centamin-reports-2q2022-results\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551778\" class=\"content-area-description single-story post-551778 post type-post status-publish format-standard hentry category-go-with-the-flow tag-centamin tag-earnings tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EARNINGS WATCH-<\/strong><\/p>\n<p><strong>Gold miner Centamin\u2019s revenues rose 17% y-o-y in 2Q2022 to USD 207.2 mn<\/strong>, with revenues brought up due to higher gold sales and a marginally higher realized gold price, according to its <a href=\"https:\/\/ent.news\/2022\/7\/cey-rns_-2q22-quarterly_final_19072022.pdf\">earnings statement (pdf<\/a><a href=\"https:\/\/ent.news\/2022\/7\/cey-rns_-2q22-quarterly_final_19072022.pdf\">)<\/a>.<\/p>\n<p><strong>Centamin-operated Sukkari gold mine in Egypt saw a good quarter:<\/strong> Production at Sukkari for 2Q 2022 rose 11% y-o-y. Centamin received USD 13.0 mn in profitshare payments from Sukkari, but the group recorded a USD 2.4 mn negative cashflow after profitshare distribution \u201cdue to the continued investment in waste stripping and other capital projects.\u201d<\/p>\n<p><strong>What they said:<\/strong> \u201cSukkari delivered the planned increase in production during Q2 2022 and we remain on track to meet full year production and cost guidance. Q2 2022 was the first full quarter of underground owner operations at Sukari following the transition from contractor operations during Q1 2022 and the Sukari team delivered significant improvements in both productivity and costs,\u201d Centamin CEO Martin Horgan said.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The EGX30 rose 0.9% at today\u2019s close<\/strong> on turnover of EGP 896 mn (7.7% above the 90-day average). Local investors were net buyers. The index is down 23.7% YTD.<\/p>\n<p><strong>In the green: <\/strong>Ibn Sina Pharma (+6.8%), Fawry (+6.3%) and e-Finance (+6.2%).<\/p>\n<p><strong>In the red: <\/strong>EFG Hermes (-2.2%), Orascom Development Egypt (-1.1%) and Eastern Company (-1.0%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/centamin\/\">Centamin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"551779\" 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=\"551779\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise explains<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/enterprise-explains-passive-investing\/\">\r\n                            Enterprise Explains: Passive investing                        <\/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\/20\/enterprise-explains-passive-investing\/\" 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\/20\/enterprise-explains-passive-investing\/')\">\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\/20\/enterprise-explains-passive-investing\/\">\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=Enterprise Explains: Passive investing&url=https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/enterprise-explains-passive-investing\/\">\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\/20\/enterprise-explains-passive-investing\/&title=Enterprise Explains: Passive investing\">\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=Enterprise+Explains%3A+Passive+investing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F07%2F20%2Fenterprise-explains-passive-investing%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\/20\/enterprise-explains-passive-investing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/397.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"551780\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/enterprise-explains-passive-investing\/397-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/397.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"397.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/397.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/397.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551779\" class=\"content-area-description single-story post-551779 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-explains tag-asset-management tag-enterprise-explains tag-enterprisepm tag-etfs tag-financial-markets tag-investment-watch 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>Enterprise Explains: Passive investing. <\/strong>Passive investing has exploded in popularity in recent years as more retail traders pile into the market in search of easy gains. Worldwide inflows into exchange-traded funds (ETFs) \u2014 one of the most common passive investment tools \u2014 reached a <a href=\"https:\/\/www.reuters.com\/markets\/europe\/global-markets-etf-graphic-2022-01-21\/#:~:text=According%20to%20Refinitiv%20data%2C%20global,S%26P%20500%20ETF%20Trust%20(SPY.\">record USD 1.22 tn<\/a> last year, pushing global ETF assets to nearly USD 9.5 tn, which is more than double where the industry stood just three years ago.<\/p>\n<p><strong>But what\u2019s passive investing, you ask?<\/strong> A passive fund is an investment vehicle that tracks the value of an asset. Index funds follow the ebbs and flows of a specific stock index, and are one of most popular approaches to passive investing. They work by purchasing shares in all of its companies in a given index, say the S&P 500 or the Dow Jones. Doing this means that when the value of the index rises and falls, the value of the fund follows it. Unlike with an active fund, passive funds don\u2019t require a manager to pick and choose securities and do the research. This means lower fees, making them a whole lot cheaper to invest in.<\/p>\n<p><strong>It sounds simple, but there\u2019s more to it:<\/strong> Passive investing is really a long game. When you own small pieces of thousands of stocks, you earn your returns by cashing in on the upward trajectory of companies\u2019 gains over time, and this might require patience \u2014 and sticking through some setbacks and downturns. Passive investing isn\u2019t limited to stocks, either: you can passively invest in commodities, bonds and currencies via ETFs.<\/p>\n<p><strong>The difference between ETFs and index funds: <\/strong>While both are commonly used passive investment tools, there are some key differences between both. The biggest one is that index funds are traded once at the close of each trading day, whereas ETFs can be traded at any point throughout the day, offering a degree of flexibility \u2014 and liquidity \u2014 for investors. With ETFs, an investor has to rely on someone buying their shares when they decide to sell, whereas with index funds, you\u2019re guaranteed a sale at the end of each trading day \u2014 though you have less control over the share price you\u2019re selling at.<\/p>\n<p><strong>There are downsides to passive investing during times of economic turmoil:<\/strong> Given tracker funds passively track an entire index, there\u2019s no room for hedging by buying different stocks when financial markets go sideways. If the market falls, you fall with it. If you\u2019re in it for the long haul, you may overlook these slumps for longer-term returns, but for someone looking for easy, fast gains, they might choose to run for the hills before bearing any more losses.<\/p>\n<p><strong>Still, history is on passive investment\u2019s side:<\/strong> Historically, passive investments have earned higher returns than active investments (at least, in the long term). Over a 20-year period, about 90% of index funds tracking companies of all sizes outperformed their active counterparts, according to a 2020 <a href=\"https:\/\/www.spglobal.com\/spdji\/en\/documents\/spiva\/spiva-us-year-end-2020.pdf\">S&P Indices Versus Active (SPIVA) report<\/a>. Even over a three-year period, more than half of index funds outperformed active ones.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/asset-management\/\">asset management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-explains\/\">Enterprise Explains<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/etfs\/\">ETFs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/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=\"551781\" 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\/20\/551781\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-551781\" class=\"content-area-description single-story post-551781 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>21 July (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>21 July (Thursday): The government hosts public consultations on its state ownership policy document with medical device manufacturers.<\/p>\n<p>21 July (Thursday): Launch event for IDG and Art d\u2019Egypte\u2019s Locale cultural festival, e2 Alamein park, Egypt.<\/p>\n<p>21-22 July (Thursday-Friday): The Arab Organisation for Human Rights (AOHR) and Supreme Standing Committee for Human Rights (SSCHR) <a href=\"https:\/\/english.ahram.org.eg\/News\/471632.aspx\">human rights conference<\/a>.<\/p>\n<p>23 July (Saturday): 23 July Revolution national holiday.<\/p>\n<p>24 July (Sunday): The government hosts public consultations on its state ownership policy document with healthcare players.<\/p>\n<p>26 July (Tuesday): The government hosts public consultations on its state ownership policy document with pharma players.<\/p>\n<p>26-27 July (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>28 July (Thursday): The government hosts public consultations on its state ownership policy document with experts and think tanks.<\/p>\n<p>29 July (Friday): Aleph Commodities shareholder meeting to vote on potential merger with Tenaz Energy Corp.<\/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>14 August (Sunday): Conference of Egyptian entities abroad.<\/p>\n<p>16 August (Tuesday): MNHD\u2019s general assembly meeting to decide whether to allow SODIC to go ahead with due diligence on its takeover bid.<\/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: <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>, Egypt\u2019s first naval defense expo<\/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: <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>September: Government to launch an <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0QKmVCxurac4PGgrxGiVR7LN5BgQi5aCPpHahEzKda36Q1obcfw1w2P3M7eVm4Tujl\">international promotional campaign<\/a> for Egyptian tourism.<\/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>8 September (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>18 September (Sunday): Deadline for brokerage firms, asset managers and financial advisors <a href=\"https:\/\/alborsaanews.com\/2022\/04\/06\/1527896\">to register<\/a> with the Egyptian Securities Federation.<\/p>\n<p>20-21 September (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>22 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>26&ndash;27 September (Monday-Tuesday): The <a href=\"https:\/\/www.awieforum.org\/\">Africa Women Innovation and Entrepreneurship Forum (AWIEF)<\/a> at the Cairo Marriott Hotel.<\/p>\n<p><strong>OCTOBER<\/strong><\/p>\n<p>October: Air Sphinx, EgyptAir\u2019s low-cost subsidiary to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=25062022&id=06c1fc4b-9551-4f6c-a782-70bdec4b30f0\">commence operations<\/a>.<\/p>\n<p>October: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>1 October (Saturday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday, national holiday.<\/p>\n<p>10-16 October (Monday-Sunday): <a href=\"https:\/\/www.imf.org\/en\/About\/Factsheets\/Annual-Spring-Meetings\">World Bank and IMF annual meetings<\/a> chaired by CBE Governor Tarek Amer, Washington, DC.<\/p>\n<p>18-20 October (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria.<\/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): <a href=\"https:\/\/www.autotechegypt.com\/en\/home.html\">Autotech<\/a> auto exhibition, 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><strong>DECEMBER<\/strong><\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>13-15 December (Tuesday-Thursday): US-Africa Leaders Summit.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/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\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":551770,"template":"","categories":[],"tags":[],"class_list":["post-551769","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"afa6657a-4cdd-4a81-9716-ed4c1ee8e7ec","teaser":"","photo_url":"https:\/\/ent.news\/2022\/7\/59.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>Say hello to mind-reading chips - 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\/say-hello-to-mind-reading-chips\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Say hello to mind-reading chips\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/say-hello-to-mind-reading-chips\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:30:51+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\/59.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\/say-hello-to-mind-reading-chips\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/say-hello-to-mind-reading-chips\/\",\"name\":\"Say hello to mind-reading chips - 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