{"id":552716,"date":"2022-09-25T13:25:53","date_gmt":"2022-09-25T13:25:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=552716"},"modified":"2025-12-15T23:51:41","modified_gmt":"2025-12-15T23:51:41","slug":"babies-dont-appreciate-kale","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/babies-dont-appreciate-kale\/","title":{"rendered":"Babies don\u2019t appreciate kale"},"content":{"rendered":"<section id=\"552718\" 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=\"552718\">\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\/09\/25\/this-evening-sfes-usd-6-bn-stake-sale-program-expected-to-close-in-1h-2023-el-said-philippines-braces-for-category-3-typhoon\/\">\r\n                            THIS EVENING: SFE\u2019s USD 6 bn stake sale program expected to close in 1H 2023 -El Said + Philippines braces for category 3 typhoon                        <\/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\/09\/25\/this-evening-sfes-usd-6-bn-stake-sale-program-expected-to-close-in-1h-2023-el-said-philippines-braces-for-category-3-typhoon\/\" 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\/09\/25\/this-evening-sfes-usd-6-bn-stake-sale-program-expected-to-close-in-1h-2023-el-said-philippines-braces-for-category-3-typhoon\/')\">\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\/09\/25\/this-evening-sfes-usd-6-bn-stake-sale-program-expected-to-close-in-1h-2023-el-said-philippines-braces-for-category-3-typhoon\/\">\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: SFE\u2019s USD 6 bn stake sale program expected to close in 1H 2023 -El Said + Philippines braces for category 3 typhoon&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/this-evening-sfes-usd-6-bn-stake-sale-program-expected-to-close-in-1h-2023-el-said-philippines-braces-for-category-3-typhoon\/\">\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\/09\/25\/this-evening-sfes-usd-6-bn-stake-sale-program-expected-to-close-in-1h-2023-el-said-philippines-braces-for-category-3-typhoon\/&title=THIS EVENING: SFE\u2019s USD 6 bn stake sale program expected to close in 1H 2023 -El Said + Philippines braces for category 3 typhoon\">\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+SFE%E2%80%99s+USD+6+bn+stake+sale+program+expected+to+close+in+1H+2023+-El+Said+%2B+Philippines+braces+for+category+3+typhoon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F25%2Fthis-evening-sfes-usd-6-bn-stake-sale-program-expected-to-close-in-1h-2023-el-said-philippines-braces-for-category-3-typhoon%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\/09\/25\/this-evening-sfes-usd-6-bn-stake-sale-program-expected-to-close-in-1h-2023-el-said-philippines-braces-for-category-3-typhoon\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552718\" class=\"content-area-description single-story post-552718 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-enterprisepm tag-hala-el-said tag-philippines tag-privatization-watch tag-sovereign-fund-of-egypt 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.<\/strong> The final week of September promises to be both eventful and interesting, if today is any indication.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>SFE plans to close USD 6 bn stake sales by mid-2023:<\/strong> The Sovereign Fund of Egypt\u2019s (SFE) expects to close its USD 6 bn program to sell strategic stake sales to foreign sovereign funds by mid-2023, Planning Minister and SFE head Hala El Said told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-25\/egypt-seeks-up-to-6-billion-by-june-from-sale-of-state-firms\">Bloomberg<\/a>. One of the three Siemens \/ Orascom Construction \/ Elsewedy combined-cycle power plants \u2014 which the SFE had been planning to sell a stake in <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman-6158\/\">since 2019<\/a> \u2014 will also be among USD 3 bn-worth of assets that will be transferred to the SFE\u2019s newly-established pre-IPO fund in the next few weeks, El Said said.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>The Philippines is bracing for Noru, a category 3 typhoon<\/strong>, by evacuating coasts, canceling trips by sea and air, and suspending schools and work. The storm was branded a super typhoon and is now en route to the country\u2019s main and most populous island, Luzon, where the capital Manila is located.<\/p>\n<p><strong>The story is everywhere in the international press: <\/strong><a href=\"https:\/\/apnews.com\/article\/storms-weather-philippines-manila-evacuations-99d73c33466a230c4d6e63a07d30cc15\">Associated Press<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/philippines-evacuates-coasts-cancels-sea-trips-supertyphoon-nears-2022-09-25\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-25\/powerful-typhoon-headed-for-north-philippines-strengthens?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/2022\/09\/25\/philippines-super-typhoon-noru-karding\/\">The Washington Post<\/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>CBE reaches for another tool in the toolbox:<\/strong> Against expectations, the Central Bank of Egypt left interest rates unchanged on Thursday, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8cbe8656-38d2-4f13-864a-26e3fccc24fa\">opting instead<\/a> to tighten financial conditions by bumping up its reserve requirement for all banks to 18% from 14% currently.<\/li>\n<li><strong>Talks for an IMF facility could wrap in another month or two<\/strong>, with the size of the loan set to be agreed during the final stage of negotiations, Finance Minister <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/819d9c6c-a362-484e-86cf-e5c31939b6d0\">Mohamed Maait said<\/a>.<\/li>\n<li><strong>Egypt wants to double natgas receipts:<\/strong> Egypt wants to increase revenues from natural gas exports to USD 1 bn per month from USD 500 mn currently \u201cin the coming period,\u201d <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2e3b3e6-9b93-4ceb-bfa3-f0b0a130153f\">Maait also said<\/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> We look at how Egypt\u2019s strategy to localize electronics manufacturing is panning out since it was launched back in 2015, following a string of commitments from international companies to invest in local assembly and production.<\/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>Is the Madbouly government holding an economic conference this week?<\/strong> After two weeks of chatter about a three-day economic conference at the end of the month, we\u2019re still none the wiser about what the plan is \u2014 or whether it\u2019s even taking place. A number of government officials (<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b331c789-a572-41f2-b93e-9252c03167a5\">here<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec5ea242-596a-414b-80af-595f1359a583\">here<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/45ae6db2-da22-4fb6-9b28-1017310e9890\">here<\/a>) have appeared on the airwaves in recent days to talk about the agenda \u2014 from what we know, the government\u2019s privatization strategy and import substitution industrialization would be two of the main topics of discussion \u2014 but key details such as date and location are TBD.<\/p>\n<p><strong>Our friends at HSBC are hosting an energy transition webinar series this <\/strong><strong>Tuesday through Thursday<\/strong> (27-29 September). The series will look at the \u201clatest climate analysis in relation to the global energy market and transition to net zero\u201d in six different sessions covering energy security, what is required to ensure the success of COP27, financing and investment needs for the energy transition, and the scaling up of renewables in the region, among other topics. <strong>You can <\/strong><strong><a href=\"https:\/\/www.hsbcscheduling.com\/eventweb.php?pid=PDFjNDU8MGUxPzFsMTU&src=enterpriseam\">register for the series here<\/a><\/strong><strong>. <\/strong><\/p>\n<p><strong>A Spanish business delegation will be in town this Tuesday and Wednesday<\/strong> (27-28 September) for the Egypt-Spain Multilateral Partnership Forum, organized by the Spanish Institute for Export and Investment, according to <a href=\"https:\/\/ent.news\/2022\/9\/Press-Release-PRE-EVENTO-en-ingle%CC%81s.pdf\">a press release (pdf)<\/a>. The two-day conference will include seminars and panel discussions on trade and investment in transport, energy, and water with Egyptian ministers and representatives from government bodies, alongside officials from international financing institutions and Spanish Secretary of State for Trade Xiana M\u00e9ndez B\u00e9rtolo. The agenda for the conference is available <a href=\"https:\/\/ent.news\/2022\/9\/Program-Spain-Egypt-Multilateral-Partnership.pdf\">here (pdf)<\/a>.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/ent.news\/2022\/9\/C-S-Pre-Event-Press-Release-18Sept22-EN-FINAL.pdf\">14th edition of Creative Industry Summit<\/a><\/strong><strong> will take place this Tuesday through Thursday (27-29 September<\/strong>) at Cairo Business Park, New Cairo. The summit serves as a platform to celebrate and foster creativity in Egypt and the MENA Region. This year the theme is \u201cCreative Economy.\u201d celebrating \u201cthe role of innovation and creativity in various industries\u201d across the region, according to Mai Salama, founding partner of the summit.<\/p>\n<p>The <strong><a href=\"https:\/\/www.awieforum.org\/\">Africa Women Innovation and Entrepreneurship Forum<\/a><\/strong>will take place at the <strong>Cairo <\/strong><strong>Marriott Hotel<\/strong> on <strong>26\u201327 September<\/strong>.<\/p>\n<p><strong>NEXT MONTH-<\/strong><\/p>\n<p><strong>Our elected representatives will return from Sahel to start the new legislative <\/strong><strong>session in the House on Saturday, 1 October<\/strong>, according to a presidential decree in the Official Gazette. Senators will return for the opening session on Tuesday, 4 October next week.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 37\u00b0C tomorrow before the mercury dips to a nighttime low of 23\u00b0C, according to our favorite weather app.<\/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\/hala-el-said\/\">Hala El Said<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/philippines\/\">Philippines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/privatization-watch\/\">privatization watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-fund-of-egypt\/\">Sovereign Fund of Egypt<\/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=\"552719\" 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=\"552719\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/552719\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552719\" class=\"content-area-description single-story post-552719 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/palmhillsdevelopments.com\/OurDevelopments'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"552720\" 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=\"552720\">\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\/09\/25\/babies-in-the-womb-can-taste-what-their-mothers-eat-employers-have-to-do-more-to-fill-up-jobs\/\">\r\n                            Babies in the womb can taste what their mothers eat + Employers have to do more to fill up jobs                        <\/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\/09\/25\/babies-in-the-womb-can-taste-what-their-mothers-eat-employers-have-to-do-more-to-fill-up-jobs\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Unborn infants were twice as likely to make a grossed-out expression after their mothers swallowed powdered kale capsules, and were more likely to make a \u201claughing face\u201d when the pregnant mothers ate the carrots, the study found. \u201c[It means] the mother has not yet finished her meal [when] the fetus is already aware, or capable of sensing, what the mother has eaten,\u201d Benoist Schaal, one of the study\u2019s authors, told the <a href=\"https:\/\/www.theguardian.com\/science\/2022\/sep\/22\/taste-of-kale-makes-unborn-babies-grimace-finds-research\">Guardian<\/a>. The researchers took ultrasound images of some 70 fetuses between 32 and 36 weeks about 20 minutes after the mothers had eaten the vegetables to determine whether or not the fetuses could detect the flavors. Aromas from the mothers\u2019 diets were detected in the amniotic fluid, the team reported. They found that the ability to detect chemicals related to taste begins at 14 weeks, and detecting odor molecules begins at 24 weeks of gestation. Despite grimacing at their taste, prenatal exposure to the once-trendy leafy green and other vegetables can result in the child becoming a less picky eater, according to the study\u2019s lead author, Beyza Ustun.<\/p>\n<p><strong>The competition for talent keeps heating up: <\/strong>The labor market has been tightening up across the world despite rising inflation and growing fears of recession, with businesses often having to fight to fill up their vacancies, the <a href=\"https:\/\/www.ft.com\/content\/e79e1497-1eb3-4ca1-bd1f-b12679e24576\">Financial Times<\/a> writes. In the UK alone, a recent poll of over 1k managers found that almost 90% of companies were recruiting in July, while some 40% said they planned to increase hiring in the following six months. Globally, numbers of unemployed people are falling to record lows in the eurozone, while countries like Australia are allowing more immigrants into the country to plug the labor shortage. Business owners are having to bump up their pay and make their offers more attractive to lure in more talent, especially as more and more companies shift to a more flexible, hybrid or work-from-home model since the pandemic.<\/p>\n<p><strong>Nowhere is this more evident than industries in need of \u201cdeskless workers\u201d:<\/strong> As other industries offer easier and more attractive working conditions, companies in construction, manufacturing and retail are struggling to fill gaps at their companies. Employers are having to increase wages, hire ahead of time to avoid missing out on the limited talent in the market and, ultimately, charge more for their products to cope with the rising costs. \u201cFor every one individual there seem to be 10 roles available,\u201d a managing director of a leading construction firm says. \u201cThey have a pick of jobs and we\u2019re all trying to get the same people.\u201d<\/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\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                   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  <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/551.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"552724\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/the-culture-shock-of-an-interracial-egyptian-marriage-laduree-brings-parisian-high-tea-to-egypt-a-merger-of-dynasties-in-renaissance-italy\/551-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/551.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"551.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/551.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/551.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552723\" class=\"content-area-description single-story post-552723 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-eat-this-tonight tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight 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-04\"><\/a> <strong>A cross-cultural marriage brings an American family to Om El Donia in <\/strong><strong><a href=\"https:\/\/bit.ly\/3SrIraG\">Masrycany<\/a><\/strong><strong>: <\/strong>Let the culture shock begin. Two families who couldn\u2019t be more different come together in Cairo for the wedding of Kristy (Alexandra Grossi, who some may recognize from her appearances in <a href=\"https:\/\/www.imdb.com\/title\/tt4052886\/?ref_=nm_knf_i1\">L<\/a><a href=\"https:\/\/www.imdb.com\/title\/tt4052886\/?ref_=nm_knf_i1\">ucifer<\/a>) and Ahmad (Sammy Sheik), and the hilarity ensues. From the get-go, the movie dives deep into the topic of culture shock rather than using it merely as a backdrop. \u201cSo no kissing in public, no super-tight or revealing clothing, no drinking in front of the family,\u201d Kristy recaps the rules to Ahmad when they land in Cairo\u2019s airport. The movie is directed by Noor Arnaoout, a Syrian-Slovenian writer and director based in Kuwait, who knows a thing or two about cultural differences herself. Bringing together an ensemble of familiar faces, including Egyptian stars Hala Fakher, Nahed El Sebai, and Mohamed Sallam, along with seasoned US actors Brett Cullen and Beth Broderick, the film is a fun, light flick to tune into on Shahid while you eat dinner (<a href=\"https:\/\/youtu.be\/hzrXxG5U-Vc\">watch trailer, runtime 2:17<\/a>).<\/p>\n<p>\u26bd<strong> Zamalek will host Chad\u2019s Elect-Spor<\/strong>t in the second leg of the preliminary round of the African Champions League at 8pm, after acing the first leg with two clean goals.<\/p>\n<p><strong>The UEFA Nations League is still going strong<\/strong>, with four games worth keeping an eye on tonight at 8:45pm: Netherlands v Belgium, Denmark v France, Austria v Croatia, and Wales v Poland.<\/p>\n<p><strong>\u200b\u200b? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Head to <\/strong><strong><a href=\"https:\/\/laduree.eg\/\">Ladur\u00e9e<\/a><\/strong><strong> for a magnifique Parisian afternoon tea: <\/strong>The French luxury bakery Ladur\u00e9e is widely recognized as the source of the finest macarons in the world. With its chic but understated debut in two locations in Cairo (New Cairo's Waterway and Sheikh Zayed\u2019s Arkan Plaza) earlier this year, the Parisian patisserie has elevated our breakfast, brunch and afternoon tea experiences. We recommend the Benedectine soft-boiled eggs with spinach and salmon for a grand start to the day, and make some room for their chocolate French toast, which is served with Ladur\u00e9e\u2019s signature hot chocolate and vanilla ice cream. You can\u2019t go wrong with any of their sweets, but if you\u2019re looking for a yummy savory option, try their hummus avocado brioche toast. A word of warning: Their prices may be easy on your stomach, but not on your wallet.<\/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>Dance performance <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/1860137247664048\/\">Ambararo<\/a><\/strong><strong> breaks the mold at Rawabet Art Space: <\/strong>Through a unique artistic performance, a group of dancers break the constraints and limitations imposed on society and the pressure to adhere to social norms. Ambararo is showing at Rawabet today and tomorrow at 8pm.<\/p>\n<p><strong>Or opt for a Cuban-inspired musical night with <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/505493581581352\/\">Cocoon band at Cairo Jazz Club<\/a><\/strong><strong>: <\/strong>Led by jazz guru Hesham Galal, Cocoon plans to transport us to Havana through their meticulous Cuban and Latin jazz compositions tonight at 9pm.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Historical fiction comes to life in <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Marriage-Portrait-novel-Maggie-OFarrell\/dp\/059332062X\">The Marriage Portrait:<\/a><\/strong> Author Maggie O\u2019Farrell is back with a stunning historical fiction book set in Renaissance Italy. Lucrezia de Medici unexpectedly weds her late sister\u2019s fianc\u00e9, a man desperate for an heir, after her sister passes away. As Lucrezia gets to know her new husband, she begins to wonder whether he is the witty sophisticate he presented himself as before the wedding, the aesthete who finds solace in the company of artists and creative types, or the ruthless politician who inspires fear in even his mighty sisters. It\u2019s not long before Lucrezia has to face another suspicion: That her new spouse is planning to kill her. O'Farrell is a stunning author, and her depiction of the 1500s life is truly compelling. While the plot was a little slow to build, the vivid descriptions of Medieval women's lives will keep you hooked. For fans of literary historical fiction, this is a must-read.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eat-this-tonight\/\">Eat This Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"552725\" 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=\"552725\">\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\/09\/25\/what-the-markets-are-doing-on-25-september-2022\/\">\r\n                            What the markets are doing on 25 September, 2022                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/what-the-markets-are-doing-on-25-september-2022\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/what-the-markets-are-doing-on-25-september-2022\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/what-the-markets-are-doing-on-25-september-2022\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What the markets are doing on 25 September, 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/what-the-markets-are-doing-on-25-september-2022\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/what-the-markets-are-doing-on-25-september-2022\/&title=What the markets are doing on 25 September, 2022\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+the+markets+are+doing+on+25+September%2C+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F25%2Fwhat-the-markets-are-doing-on-25-september-2022%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/what-the-markets-are-doing-on-25-september-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552725\" class=\"content-area-description single-story post-552725 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 fell 0.4% at today\u2019s close<\/strong> on turnover of EGP 725.14 mn (24% below the 90-day average). Local investors were net buyers. The index is down 17.2% YTD.<\/p>\n<p><strong>In the green: <\/strong>Abu Qir Fertilizers (+3.4%), Egypt Kuwait Holding-EGP (+3.0%) and Eastern Company (+2.0%).<\/p>\n<p><strong>In the red: <\/strong>GB Auto (-3.2%), Credit Agricole Egypt (-3.1%) and Madinet Nasr Housing and Development (-2.6%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull inside-industry vertical-section wide-section wp-block-group issue-section\" id=\"552726\">\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                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27477.svg\" alt=\"\"><\/figure>\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\/where-we-stand-on-egypts-plans-to-localize-electronics-manufacturing\/\">  \r\n                            Where we stand on Egypt\u2019s plans to localize electronics manufacturing<\/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\/where-we-stand-on-egypts-plans-to-localize-electronics-manufacturing\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The initiative, which is designed to cut down on Egypt\u2019s imports of electronic products and increase our exports, initially earmarked mobile phones, tablets, GPS tracking devices, LED lighting, smart meters, LED TVs and displays, and solar energy systems as the most promising products to manufacture domestically and export.<\/p>\n<p><strong>Some seven years after the launch of the initiative, we\u2019ve seen some progress \u2014 but industry players are still facing hurdles:<\/strong> Sources in the industry Enterprise spoke with noted that, although the government is taking \u201cserious steps\u201d to work on localizing the industry, many manufacturers are struggling with material shortages and red tape.<\/p>\n<p><strong>What we\u2019ve achieved so far:<\/strong> The first locally manufactured smartphone made its debut in the market <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/04\/first-locally-produced-egyptian-smartphone-to-hit-markets-in-2h2017\/\">five years ago<\/a>, courtesy of Egyptian electronics firm Sico Egypt. The company manufactured some 1.5 mn devices in 2021 and is planning to up that figure to 2 mn this year, CEO Mohamed Salem previously told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-04\/first-egypt-smartphone-maker-wants-to-build-africa-s-electronics\">Bloomberg<\/a>. Sico has sourced nearly half of its production inputs from the local market, with the remainder coming from other markets, including China, Salem said.<\/p>\n<p><strong>There\u2019s a bullish consumer market to capitalize on:<\/strong> Mobile phone sales in Egypt rose to 15 mn in 2021, up from 13.3 mn in 2020, according to data from <a href=\"https:\/\/bit.ly\/3C94jT5\">market intelligence firm Gfk<\/a>. And the cost of imported mobile phones has been rising in recent months after the government decided to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2913d0ad-bce1-47be-8b4e-7b1388e7a610\">double tariffs on imported handsets to 10%<\/a> last year. Mobile phone imports dropped 50.7% y-o-y during the first four months of the year to USD 299 mn. In December, market intelligence firm International Data Corporation <a href=\"https:\/\/www.idc.com\/getdoc.jsp?containerId=prMETA48468021\">forecast prices to rise 10%<\/a> during 4Q2021 on the back of the move and ongoing supply shortages, leading vendors to resort to increasing stock of cheaper models. It said that growth in Egypt\u2019s smartphone market will likely slow to 1% this year due to the duty as well as ongoing shortages of mobile phone components.<\/p>\n<p><strong>Egypt is a prime location for electronics manufacturing<\/strong>, thanks to its cheap but large labor market, our strong consumer market, and favorable geographical location that makes us ideally placed to become an export hub, KMG Egypt CEO and head of the Federation of Egyptian Chambers of Commerce\u2019s digital economy and tech division Karim Ghoneim told Enterprise. The Egypt Makes Electronics initiative also offers other incentives to electronics manufacturers, including tax incentives for industrial and freezones, as well as customs exemptions for tools and equipment.<\/p>\n<p><strong>We\u2019ve drawn in lots of international investor interest as of late:<\/strong> Last year, China\u2019s <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea0248ff-94a7-42dc-a11d-302c345bcee9\">Vivo<\/a><\/strong> said it would invest USD 30 mn in Egypt through mid-2023 and has built a USD 20 mn mobile phone factory. <strong>HMD Global<\/strong> \u2014 which manufactures <strong>Nokia<\/strong> phones \u2014 also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0bdf89a-290e-43aa-bc76-637c902ac0a7\">signed an agreement<\/a> with Egypt-based Etisal for Advanced Industries (IEA) last month to assemble 1 mn phones annually. China\u2019s <strong>Infinix <\/strong>currently manufactures phones of the SMART and HOT series at Sico\u2019s Assiut, which represents about 80% of Infinix sales in the Egyptian market. <strong>Samsung <\/strong>also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3de5d429-fc5c-493f-a891-e4222e1742e2\">set up<\/a> a USD 30 mn factory for tablets in its industrial complex in Beni Suef.<\/p>\n<p><strong>Most recently, Oppo rolled into the market after years of eyeing a factory in Egypt:<\/strong> The Chinese mobile maker Oppo signed an agreement with ITIDA <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e37a9c1a-0a2a-4b03-8262-f38319d05977\">earlier this month<\/a> to build a USD 30 mn mobile phone factory in Egypt with production capacity of 4.5 mn phones annually. The company expects to bring the factory online in 3Q 2023, creating some 900k jobs. The agreement came after nearly a year and a half of negotiations, a source from ITIDA who asked to remain anonymous told Enterprise. The company, which is a <a href=\"https:\/\/www.idc.com\/getdoc.jsp?containerId=prMETA47564421\">dominant player<\/a> in the local mobile market and has been eyeing opening a factory from as <a href=\"https:\/\/enterprise.press\/stories\/2017\/09\/26\/oppo-interested-in-establishing-phone-assembly-in-egypt\/\">far back as 2017<\/a>.<\/p>\n<p><strong>But the industry is not without its challenges:<\/strong> There\u2019s consensus among industry players Enterprise spoke with that the two biggest hurdles facing manufacturers and potential investors in the electronics industry are shortages of imported materials and red tape. New rules requiring importers to use letters of credit (L\/Cs) to pay for imported goods \u2014 including production inputs \u2014 imposed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1237459-2827-438d-96c3-8fe7a8dce26e\">earlier this year<\/a> has led to a shortage of these inputs, Ghoneim told us. Manufacturers across all industries should begin to have easier access to raw materials and components after Central Bank of Egypt Governor Hassan Abdalla <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2f88e93-0622-464e-ba6b-ea6289616074\">relaxed restrictions<\/a> on the use of foreign currencies for imports last week. Banks were also instructed to exempt all electronics assembled in Egypt (i.e. products that partially rely on imported production inputs) from the L\/C requirement. Still, the crunch is a good reason to look inwards and localize \u201cfeeder\u201d industries, or the production of inputs and other materials that are typically imported, Altawheed Group CEO Mostafa Ahmed told Enterprise.<\/p>\n<p><em>EDITOR\u2019S NOTE- This story was updated on 25 September, 2022 to note that electronics manufacturers and assemblers are exempt from requirements to use letters of credit to pay for imported production inputs.&nbsp;<\/em><\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top industrial development stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Central bank eases FX rules for imports:<\/strong> The Central Bank of Egypt (CBE) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2f88e93-0622-464e-ba6b-ea6289616074\">has relaxed<\/a> restrictions on the use of foreign currencies for imports in a bid to ease the buildup of goods at ports.<\/li>\n<li>Taiwanese manufacturer <strong>Rechi <\/strong>and <strong>Elaraby Group<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c4e82829-1d16-4800-8beb-5bf05e3fbc71\">will partner to build<\/a> a <strong>USD 33 mn A\/C compressor factory<\/strong> with an eventual annual production capacity of 6 mn units.<\/li>\n<li>Elsewedy Electric subsidiary <strong>Rowad Modern Engineering <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa60a3e8-235d-4b6d-b835-be5d22709a6f\">was awarded<\/a><\/strong><strong> an EGP 418 mn contract<\/strong> to construct three biological products factories for EIPICO in Tenth of Ramadan City.<\/li>\n<li><strong>Egyptian Company for Pipes and Cement Products (Siegwart) is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d6cd565-00f2-4476-85dc-9fbdae363975\">set to open<\/a><\/strong><strong> an EUR 8 mn railway sleepers factory<\/strong> this October, with an annual production capacity of 500k high-speed railway sleepers.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit-ministry\/\">CIT ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-makes-electronics\/\">Egypt Makes Electronics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/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=\"552728\" 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\/09\/25\/552728\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552728\" class=\"content-area-description single-story post-552728 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>SEPTEMBER<\/strong><\/p>\n<p>September: Central Bank of Egypt\u2019s Innovation and Financial Technology Center to launch incubator for 50 fintech startups.<\/p>\n<p>September: Meeting 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>September: Government to launch an <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0QKmVCxurac4PGgrxGiVR7LN5BgQi5aCPpHahEzKda36Q1obcfw1w2P3M7eVm4Tujl\">international promotional campaign<\/a> for Egyptian tourism.<\/p>\n<p>13-27 September (Tuesday-Tuesday): UN General Assembly, New York.<\/p>\n<p>25-27 September (Sunday-Tuesday) A delegation of executives at Egyptian real estate companies visit Saudi Arabia to present developers with potential investments in Egypt\u2019s real estate sector.<\/p>\n<p>25-29 September (Sunday-Thursday) FRANEGYPT will hold its <a href=\"https:\/\/bit.ly\/3eVy8NC\">first virtual expo<\/a> on franchises in the country.<\/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>27-28 September (Tuesday-Wednesday): Egypt-Spain Multilateral Partnership Forum, Sofitel Gezira, Cairo, Egypt.<\/p>\n<p>27-29 September (Tuesday-Thursday): <a href=\"https:\/\/invest-renewables.africa\/\">Africa Renewables Investment Summit<\/a> (ARIS), Cape Town, South Africa.<\/p>\n<p>27-29 September (Tuesday-Thursday): <a href=\"https:\/\/www.hsbcscheduling.com\/eventweb.php?pid=PDFjNDU8MGUxPzFsMTU&src=enterpriseam\">HSBC Energy Transition Webinar<\/a> series.<\/p>\n<p>27-29 September (Tuesday-Thursday): The <a href=\"https:\/\/ent.news\/2022\/9\/C-S-Pre-Event-Press-Release-18Sept22-EN-FINAL.pdf\">14th edition of Creative Industry Summit<\/a>, Cairo Business Park, New Cairo.<\/p>\n<p>28-29 September (Wednesday-Thursday): The sixth edition of <a href=\"https:\/\/www.events.fintechrobos.com\/\">Arab Pensions and Social Ins. Conference<\/a> in Sharm El Sheikh.<\/p>\n<p>30 September (Friday): <a href=\"https:\/\/www.youm7.com\/5906819\">Winter opening hours for shops and restaurants begin<\/a>.<\/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): Start of 2022-2023 public school year.<\/p>\n<p>1 October: House of Representatives reconvenes after summer recess.<\/p>\n<p>1 October (Saturday): 2022- 2023 academic year begins for public universities.<\/p>\n<p>4-8 October (Tuesday-Saturday): The Chemical and Fertilizers Export Council of the Trade and Industry Ministry is organizing <a href=\"https:\/\/bit.ly\/3Q6Gkr7\">a trade mission to Kenya<\/a>.<\/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 October (Monday): The <a href=\"https:\/\/ceo-women.com\/\">CEO Women<\/a> Conference.<\/p>\n<p>10-14 October (Monday-Friday): Gitex Global, Dubai International Convention and Exhibition Centre, Dubai, UAE.<\/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>, Washington, DC.<\/p>\n<p>15 October (Saturday): Cairo Metro will launch a global tender for maintenance work on the power stations and overhead catenary system of Line 1.<\/p>\n<p>16-19 October (Sunday-Wednesday): <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week 2022<\/a>, Nile Ritz Carlton, Cairo.<\/p>\n<p>17 October (Monday): Fifth Egypt and UN-led regional climate roundtable ahead of COP27, Geneva, Switzerland.<\/p>\n<p>18 October (Tuesday): The <a href=\"https:\/\/www.almasdar.com\/120322\">Egyptian-Swedish business forum<\/a>, Stockholm, Sweden.<\/p>\n<p>27 October (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>27-30 October (Thursday-Sunday): <a href=\"https:\/\/cairoict.com\/\">Cairo ICT<\/a>, Egypt International Exhibition Center, New Cairo.<\/p>\n<p>Late October-14 November: 3Q2022 earnings season.<\/p>\n<p>Late October: First Abu Dhabi Bank to <a href=\"https:\/\/bit.ly\/3eEUoeA\">complete<\/a> full integration with Bank Audi\u2019s Egyptian operations after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7db0f456-9e63-420a-b309-a9a455fb3667\">merger<\/a>.<\/p>\n<p><strong>NOVEMBER<\/strong><\/p>\n<p>1-2 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Arab League annual summit, Algiers, Algeria.<\/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 November (Monday): The inauguration of the first line of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2356273-f17c-4a5b-a987-663aab9a2e29\">high-speed rail<\/a>.<\/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>3 December (Saturday): Dior Men\u2019s pre-fall collection show in Giza.<\/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>December: Egypt to <a href=\"https:\/\/bit.ly\/3bVoWYy\">expand Sudan electricity link capacity<\/a> to 300 MW.<\/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>1 January (Sunday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/p>\n<p>1 January (Sunday): Residential electricity bills are set to rise as per the government\u2019s <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A7%D9%84%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%89-%D9%84%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D9%84%D8%AE%D9%85%D8%B3-%D8%B3%D9%86%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85%D8%A9-9-6-2020-1.pdf\">six-year roadmap (pdf)<\/a> to restructure electricity prices by 2025.<\/p>\n<p>7 January (Saturday): Coptic Christmas.<\/p>\n<p>24 January-6 February: The 54th Cairo International Book Fair, Egypt International Exhibition Center<\/p>\n<p>25 January (Wednesday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>26 January (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p><strong>FEBRUARY 2023<\/strong><\/p>\n<p>11 February (Saturday): Second semester of 2022-2023 academic year begins for public universities.<\/p>\n<p>13-15 February (Monday-Wednesday): The <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show (Egyps)<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p><strong>MARCH 2023<\/strong><\/p>\n<p>March: 4Q2022 earnings season.<\/p>\n<p>23 March (Wednesday) \u2014 First day of Ramadan (TBC). Maghreb will be at 6:08pm CLT.<\/p>\n<p><strong>APRIL 2023<\/strong><\/p>\n<p>17 April (Monday): Sham El Nessim.<\/p>\n<p>22 April (Saturday): Eid El Fitr (TBC).<\/p>\n<p>25 April (Tuesday): Sinai Liberation Day.<\/p>\n<p>27 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC).<\/p>\n<p>Late April &ndash; 15 May: 1Q2023 earnings season.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1 May (Monday): Labor Day.<\/p>\n<p>4 May (Thursday) National holiday in observance of Labor Day (TBC).<\/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>JUNE 2023<\/strong><\/p>\n<p>19-21 June (Monday-Wednesday) Egypt Infrastructure and Water Expo <a href=\"https:\/\/ent.news\/2022\/9\/Announcement__EGYPT_INFRASTRUCTURE_AND_WATER_EXPO_LAUNCHES_JUNE_2023.pdf\">debuts<\/a> at the Egypt International Exhibition Center.<\/p>\n<p>28 June-2 July (Wednesday-Sunday): Eid El Adha (TBC).<\/p>\n<p>30 June (Friday): June 30 Revolution Day.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>18 July (Tuesday): Islamic New Year.<\/p>\n<p>20 July (Thursday): National holiday in observance of Islamic New Year (TBC).<\/p>\n<p>23 July (Sunday): Revolution Day.<\/p>\n<p>27 July (Thursday): National holiday in observance of Revolution Day.<\/p>\n<p>Late July-14 August: 2Q2023 earnings season.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>26 September (Tuesday): Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p>28 September (Thursday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>6 October (Friday): Armed Forces Day.<\/p>\n<p>Late October-14 November: 3Q2023 earnings season.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/p>\n<p>2H 2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H 2022: <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>2H 2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q 2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>3Q 2022: Swvl to close <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">acquisition of<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Urbvan<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Mobility<\/a>.<\/p>\n<p>4Q 2022: Infinity + Africa Finance Corporation to close acquisition of Lekela Power.<\/p>\n<p>4Q 2022: Electricity Ministry to tender six solar projects in Aswan Governorate.<\/p>\n<p>4Q2022: Raya Holding subsidiary Aman and Qalaa Holdings\u2019 Taqa Arabia to launch their fintech company.<\/p>\n<p>End of 2022: Decent Life first phase scheduled for completion.<\/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>1Q 2023: Adnoc Distribution\u2019s acquisition of 50% of TotalEnergies Egypt to close.<\/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":552717,"template":"","categories":[],"tags":[],"class_list":["post-552716","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c700a3de-4488-4c84-b876-d0a50c23a155","teaser":"","photo_url":"https:\/\/ent.news\/2022\/9\/80.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>Babies don\u2019t appreciate kale - 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\/babies-dont-appreciate-kale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Babies don\u2019t appreciate kale\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/babies-dont-appreciate-kale\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:51:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/80.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\/babies-dont-appreciate-kale\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/babies-dont-appreciate-kale\/\",\"name\":\"Babies don\u2019t appreciate kale - 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