{"id":552736,"date":"2022-09-26T13:11:08","date_gmt":"2022-09-26T13:11:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=552736"},"modified":"2025-12-15T23:52:00","modified_gmt":"2025-12-15T23:52:00","slug":"the-enterprise-fall-2022-reader-survey-the-results","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/the-enterprise-fall-2022-reader-survey-the-results\/","title":{"rendered":"The Enterprise Fall 2022 Reader Survey: The results"},"content":{"rendered":"<section id=\"552738\" 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=\"552738\">\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\/26\/this-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking\/\">\r\n                            THIS EVENING: Pickalbatros plans three new hotels in Hurghada + The GBP is tanking                        <\/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\/26\/this-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking\/\" 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\/26\/this-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking\/')\">\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\/26\/this-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking\/\">\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: Pickalbatros plans three new hotels in Hurghada + The GBP is tanking&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/this-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking\/\">\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\/26\/this-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking\/&title=THIS EVENING: Pickalbatros plans three new hotels in Hurghada + The GBP is tanking\">\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+Pickalbatros+plans+three+new+hotels+in+Hurghada+%2B+The+GBP+is+tanking+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F26%2Fthis-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking%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\/26\/this-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552738\" class=\"content-area-description single-story post-552738 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-currencies tag-enterprisepm tag-pickalbatros tag-tourism tag-uk 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>Happy Monday, wonderful people, and welcome to a slightly unorthodox issue of<\/strong><strong> EnterprisePM.<\/strong> Today, in place of our typical For Your Commute and Enterprise Recommends sections, we bring you the results of the Enterprise Fall 2022 Reader Poll, wherein we round up your outlooks on everything from investments and IPOs to the FX rate you plan to use as we kick of budgeting season.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Pickalbatros is planning to open three new hotels in Hurghada<\/strong>, <a href=\"https:\/\/bit.ly\/3LLSaq4\">Al Mal<\/a> quotes Pickalbatros Group Chairman Kamel Abou Ali as saying. The company expects to invest USD 80-120k per room in each of the hotels, Abou Ali said.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>The GBP plunged to record lows to trade at <\/strong><strong>USD 1.03, before paring losses to sit at USD 1.09<\/strong><strong>, on the biggest tax cut in 50 years<\/strong>, prompting speculation the currency will hit parity against USD before year end. UK Chancellor of the Exchequer Kwasi Kwarteng\u2019s move to eliminate the top rate of income tax and scrap plans to hike corporate takes is widely predicted to take UK\u2019s debt to unaffordable levels and fan the flames of inflation, which is at a four-decade high. These conditions are also expected to see the Bank of England call for an emergency interest rate hike.<\/p>\n<p><strong>The story is everywhere in the international press:<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-26\/probability-of-pound-sliding-to-parity-this-year-jumps-to-60\">Bloomberg<\/a> | <a href=\"https:\/\/www.reuters.com\/markets\/europe\/global-markets-wrapup-3-2022-09-26\/\">Reuters<\/a> | <a href=\"https:\/\/www.theguardian.com\/business\/live\/2022\/sep\/26\/sterling-record-low-tax-cuts-investors-kwarteng-truss-ftse-stock-markets-business-live\">The Guardian<\/a> | <a href=\"https:\/\/www.ft.com\/content\/c7f815b6-e7f2-43d2-b160-b7b3182e63b4\">Financial Times<\/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>Gov\u2019t wants to raise USD 6 bn from stake sales by mid-2023:<\/strong> The Madbouly government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dde844b6-73f3-4d2f-8c09-d8a084b5720d\">expects to raise<\/a> as much as USD 6 bn by selling stakes in state-owned assets by mid-2023, said Planning Minister and Sovereign Fund of Egypt Chair Hala El Said.<\/li>\n<li><strong>Al Masry Sporting Club <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0cdefbf-3d30-42c3-be99-961a8df076b9\">has hired<\/a><\/strong><strong> Zilla Capital as financial adviser on a planned EGP 4 bn sports complex<\/strong> in Port Said.<\/li>\n<li><strong>Egypt\u2019s liquefied natural gas (LNG) exports <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/07ec2719-fb5c-4f99-9a3b-7cdfb2932928\">reached USD 8 bn<\/a><\/strong><strong> last fiscal year<\/strong>, according to an infographic released by the cabinet yesterday.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>PSA-<\/strong> <strong>Get into (almost) all museums without charge tomorrow: <\/strong>The Tourism Ministry is celebrating World Tourism Day on 27 September by waiving entrance fees to almost all of its museums. The National Museum of Egyptian Civilization and cultural museums aren\u2019t participating. (Kelma Akhira | <a href=\"https:\/\/www.youtube.com\/watch?v=8LvvcmLfNCs\">watch, runtime: 7:01<\/a>)<\/p>\n<p><strong>Our friends at HSBC are hosting an energy transition webinar series tomorrow through<\/strong><strong> 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. <a href=\"https:\/\/www.hsbcscheduling.com\/eventweb.php?pid=PDFjNDU8MGUxPzFsMTU&amp;src=enterpriseam\">You can register for the series here<\/a>.<\/p>\n<p><strong>A Spanish business delegation will be in town tomorrow 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><img decoding=\"async\" draggable=\"false\" role=\"img\" class=\"emoji\" alt=\"?\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f5d3.svg\"> CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The UN World Food Program and the International Cooperation Ministry are hosting a<\/strong> <strong>two-day conference on food security at the St. Regis Cairo Hotel<\/strong> on Wednesday and Thursday, according to a <a href=\"https:\/\/ent.news\/2022\/9\/United-Nations-World-Food-Program-and-the-Ministry-of-International-Cooperation-confrence.pdf\">press release (pdf)<\/a>. The conference will mainly focus on the digitization of the agricultural sector, financial inclusion and social protection.<\/p>\n<p><strong>A call for women entrepreneurs: Looking for investors? Look no further. <\/strong>The <a href=\"https:\/\/invest-for-jobs.com\/\">Facility<\/a><a href=\"https:\/\/invest-for-jobs.com\/\">Investing for Employment<\/a> will select a number of Egyptian projects that contribute to sustainable job creation to award financing ranging between EUR 1-10 mn, with a focus on women entrepreneurs and women-led businesses, according to a <a href=\"https:\/\/ent.news\/2022\/9\/Press-Release-Pre-Announcement-WiB.pdf\">press release (pdf)<\/a>. Entrants can apply starting 14 November.<\/p>\n<p><img decoding=\"async\" draggable=\"false\" role=\"img\" class=\"emoji\" alt=\"\u2600\ufe0f\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/2600.svg\"> <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect the weather to be pretty much the same as it was today, with a daytime high of 36\u00b0C and a nighttime low of 25\u00b0C, our favorite weather app tells us.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/currencies\/\">currencies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pickalbatros\/\">Pickalbatros<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/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=\"552739\" 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=\"552739\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/552739\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552739\" class=\"content-area-description single-story post-552739 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\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=\"552740\" 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=\"552740\">\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\">ENTERPRISE READER POLL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/optimism-still-abounds-even-if-things-didnt-go-as-planned\/\">\r\n                            Optimism still abounds, even if things didn\u2019t go as planned                        <\/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\/26\/optimism-still-abounds-even-if-things-didnt-go-as-planned\/\" 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\/26\/optimism-still-abounds-even-if-things-didnt-go-as-planned\/')\">\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\/26\/optimism-still-abounds-even-if-things-didnt-go-as-planned\/\">\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=Optimism still abounds, even if things didn\u2019t go as planned&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/optimism-still-abounds-even-if-things-didnt-go-as-planned\/\">\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\/26\/optimism-still-abounds-even-if-things-didnt-go-as-planned\/&title=Optimism still abounds, even if things didn\u2019t go as planned\">\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=Optimism+still+abounds%2C+even+if+things+didn%E2%80%99t+go+as+planned+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F26%2Foptimism-still-abounds-even-if-things-didnt-go-as-planned%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\/26\/optimism-still-abounds-even-if-things-didnt-go-as-planned\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552740\" class=\"content-area-description single-story post-552740 post type-post status-publish format-standard hentry category-enterprise-reader-poll tag-central-bank-of-egypt tag-economy tag-enterprise-reader-poll tag-enterprisepm tag-inflation tag-investment-watch tag-ipo-watch tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>The Enterprise Fall Reader Survey says: 2022 isn\u2019t panning out how many <\/strong><strong>of you had hoped \u2014 but you\u2019re still an optimistic bunch.<\/strong> <a href=\"https:\/\/enterprise.press\/2022\/01\/23\/enterprise-2022-reader-poll-results\/\">At the start of the year<\/a>, more than three-quarters of you expressed optimism that 2022 would bring better business conditions to Egypt \u2014 even after broadly agreeing that 2021 was a good year to do business here. That was before the outbreak of war in Ukraine hit the global economy. In the time since, we\u2019ve seen investors punch out of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/158188ff-65a9-4146-adc1-5f53c1a3f6e5\">emerging markets<\/a>, inflation spiral, the EGP slide more than 20% against the greenback, and the imposition of import restrictions that are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/45ae6db2-da22-4fb6-9b28-1017310e9890\">weighing heavily on businesses<\/a>.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-01-1.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>Nine months into the year, most of you agree that 2022 hasn\u2019t lived up to expectations<\/strong>, with 70% of respondents saying that this year hasn\u2019t been good for business.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-07-1.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>It\u2019s not hard to understand why:<\/strong> A whopping 89% of respondents agree that domestic economic conditions are directly affecting their business, with only 8% appearing to be unscathed.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-03-1.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>You\u2019re realistic that many of the issues facing Egypt\u2019s economy will take time to resolve<\/strong><strong> \u2014 meaning business conditions are unlikely to improve soon.<\/strong> Nearly half of you (47%) don\u2019t think that business conditions will improve before 2022 is out and 28% don\u2019t have clarity on what 4Q will bring. That\u2019s more than the 25% of you who believe the final quarter of the year will see the tide turning.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-05-2.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>But your long-term outlook is much more optimistic:<\/strong> Almost half (48%) of respondents believe that 2023 will bring better conditions for the business community. But with import restrictions in place and the FX situation still unclear, a full one third of you don\u2019t have enough visibility to make a call about \u201823.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-17.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>That optimism also (mostly) carries through to how you view your competitive<\/strong><strong> advantage:<\/strong> Thirty-nine percent think their companies will do better than the competition in six months. That\u2019s less bullish than the 69% of readers who had the same sentiment at the beginning of the year, but only 10% of you think you\u2019ll be doing worse than the competition. The broad majority (47%) are on the fence, saying things will likely remain unchanged \u2014 or they\u2019re not certain what the future holds.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-27-1.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>Respondents are split nearly exactly down<\/strong><strong> the middle on whether they will commit fresh investment in Egypt<\/strong> over the next six months, with 40% saying it is either likely or highly likely, and 39% saying it\u2019s just not in the cards.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-13.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>On average, your peers think the EGP will settle at 22.12 to the greenback. <\/strong>Most of you see the EGP slipping further against the USD as you prepare your 2023 budgets, with 85% of you expecting to see the USD : EGP exchange rate above where it stands today. The bulk of you (64%) see the rate somewhere between EGP 21-24, while 8% think we\u2019re in for an exchange rate of above EGP 24 \/ USD 1. There\u2019s a small optimistic minority (7%) budgeting for the EGP to remain relatively stable or even rally.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-29.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>The current high-interest environment also plays a role in determining investment plans:<\/strong> More than one-third of you (36%) say you need to see the Central Bank of Egypt cutting interest rates by anywhere between 100-300 bps to help you unlock CAPEX spending. Twelve percent need even more, saying interest rates need to be 300 bps lower to allow for new investments.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-19-1.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a> <strong>So, what\u2019s been on your mind?<\/strong> The top concern cited by survey respondents is access to foreign currency. Twenty-two percent see Egypt\u2019s FX situation \u2014 including requirements the Central Bank of Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1237459-2827-438d-96c3-8fe7a8dce26e\">imposed earlier this year<\/a> for importers to use letters of credit (L\/Cs) to purchase non-essential items amid a shortage of greenbacks \u2014 as the biggest problem facing their business today. Exactly two-thirds of you (66%) agree that your business is presently affected or constrained by poor access to FX.<\/p>\n<p><strong>Tied for number 2: 19% of respondents said red tape and regulations as their biggest headache<\/strong> \u2014 a figure that has remained steady since the beginning of the year (indeed, since we began this survey years ago). Your sentiment on the Madbouly Cabinet appears to have shifted somewhat, with <strong>62% of you seeing the council of ministers as unsympathetic to the needs of business<\/strong>. At the beginning of the year, 45% of you said you felt cabinet was in tune with the needs of business.<\/p>\n<p><strong>The same with inflation:<\/strong> 19% of you said rising prices weigh the most on your business. Interestingly, although it wasn\u2019t the biggest issue cited by the majority of you, 88% of respondents agree that inflation is impacting their business.<\/p>\n<p><strong>Supply chain and procurement issues come in next<\/strong>, with 11% of respondents naming that as the biggest hurdle. Access to credit and the interest rate environment follows closely after (10%). Other problems like finding and retaining talent \u2014 which has been a persistent complaint among businesses \u2014 and taxation have largely fallen down the list of priority issues, with less than 10% of you citing either of these as the biggest thorn in your side.<\/p>\n<p><strong>How the times have changed:<\/strong> We\u2019ve officially said goodbye to the pandemic, as a mere 1% of you cited health concerns or restricted mobility due to covid-19 as a top-of-mind concern. That\u2019s a sea-change from the 27% of you who had covid-19 issues as their biggest issue <a href=\"https:\/\/enterprise.press\/2020\/06\/04\/enterprise-covid-19-reader-poll-results\/\">two years ago<\/a>. Speaking of covid-19, 37% of you have carried over some sort of hybrid work model from the pandemic years, while 56% of readers are fully back in the office.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-33.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>These problems didn\u2019t stop you from hiring staff this year\u2026<\/strong> Sixty percent of survey takers said their company made new hires in 2022, while 38% haven\u2019t grown their teams.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-35-1.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>\u2026And isn\u2019t leading many of you to cut the proverbial fat on your teams:<\/strong> Nearly three-quarters (73%) have held off on layoffs or otherwise cutting staff since the beginning of the year. Twenty-four percent of you, however, reported downsizing your teams this year.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-31.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>But you\u2019re not necessarily going to grow your headcount:<\/strong> A slightly larger number of you (54%) are pausing on making new hires this fall or next year than those of you (51%) who are planning on hiring additional staff.<\/p>\n<p><strong>Sixty-four percent of respondents said their companies gave out annual raises last year \u2014 and y\u2019all were<\/strong><strong> pretty generous.<\/strong> The majority (47%) of those of you who did raise wages last year handed out a 10-14% increase, while 26% handed out 15-20% raises.<\/p>\n<p><strong>More of you are compliant with the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/305cb528-260b-4ce8-9b62-16b7235fb92e\">national minimum wage for the private sector<\/a><\/strong> than was the case at the beginning of the year: Only 21% say your companies need to raise salaries to be compliant, down from 27% at the beginning of the year.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-23.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>It appears the streak of M&amp;As will cool down in the months ahead:<\/strong> Only 38% of you have a positive outlook on M&amp;A in your industry, while 18% don\u2019t see much consolidation ahead. A quarter of you are uncertain of what to expect as far as M&amp;As are concerned.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-15.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>And the outlook for FDI is mixed:<\/strong> Some 35% of readers see new foreign investments coming into their industry in 2023, compared to the 60% of you who saw FDI inflows in the cards for 2022. One-third of readers have written off FDI for their industry in 2023 and 23% are unsure.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-25.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><strong>But your expectations for IPOs are pretty high:<\/strong> Sixty-nine percent of readers see IPOs happening in Egypt in 2023, compared to 28% who aren\u2019t holding their breath for new paper. At the beginning of the year, 41% of readers expected to see an IPO happening in their industry this year.<\/p>\n<p><strong>After a dearth of listings, the EGX might be seeing fresh IPOs thanks to simplified listing regulations:<\/strong> So far, the EGX has only seen Macro Group\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a28e6436-ddc6-4ec8-b0bd-d8bb430bbc0b\">EGP 1.3 bn IPO<\/a>. Five or six private sector companies are \u201cin serious talks\u201d with the EGX about possibly listing on the bourse, EGX Chairman Ramy El Dokany said earlier this month, attributing their interest to newly-introduced rules that make listing procedures a bit simpler. State-owned institutions could also bolster Egypt\u2019s IPO pipeline, as the government is working to reboot its privatization program through the Sovereign Fund of Egypt\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eaa81cae-e4e2-4c66-963d-b806c4ed812b\">new pre-IPO fund<\/a>, which will offer stakes in state-owned companies to strategic investors and sovereign funds ahead of listing them on the bourse.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/Enterprise-Fall-2022-reader-survey-1600px-English-Arabic-2022-v1.1-21.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>A positive note to end on: You\u2019re taking the environment seriously.<\/strong> Thirty-eight percent of polled readers reported their company is taking steps to measure their carbon footprints \u2014 and actively try to reduce it. A smaller number of you (20%) said this isn\u2019t the case.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-reader-poll\/\">ENTERPRISE READER POLL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"552741\" 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=\"552741\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/what-the-markets-are-doing-on-26-september-2022\/\">\r\n                            What the markets are doing on 26 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\/26\/what-the-markets-are-doing-on-26-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\/26\/what-the-markets-are-doing-on-26-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\/26\/what-the-markets-are-doing-on-26-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 26 September, 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/what-the-markets-are-doing-on-26-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\/26\/what-the-markets-are-doing-on-26-september-2022\/&title=What the markets are doing on 26 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+26+September%2C+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F26%2Fwhat-the-markets-are-doing-on-26-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\/26\/what-the-markets-are-doing-on-26-september-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552741\" class=\"content-area-description single-story post-552741 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 0.7% at today\u2019s close<\/strong> on turnover of EGP 948.50 mn (0.3% below the 90-day average). Local investors were net buyers. The index is down 17.8% YTD.<\/p>\n<p><strong>In the green: <\/strong>Egypt Kuwait Holding-EGP (+4.2%), Ezz Steel (+2.8%) and Sidi Kerir Petrochemicals (+2.1%).<\/p>\n<p><strong>In the red: <\/strong>Eastern Company (-3.2%), e-Finance (-2.1%) and CIB (-2.0%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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<section id=\"552742\" 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\/26\/552742\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552742\" class=\"content-area-description single-story post-552742 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>28-29 September (Thursday-Friday): <a href=\"https:\/\/ent.news\/2022\/9\/United-Nations-World-Food-Program-and-the-Ministry-of-International-Cooperation-confrence.pdf\">The first edition of the World Food Security Conference<\/a> in Cairo.<\/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 (Saturday): 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>23-27 February (Thursday-Monday): The eighth annual <a href=\"https:\/\/www.bwe21.com\/2023-conference\/\">Business Women of Egypt\u2019s Women for Success conference<\/a>.<\/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>4Q 2022: Saudi Jamjoom Pharma to <a href=\"https:\/\/bit.ly\/3R7SGzP\">inaugurate its EGP 1 bn pharma factory<\/a> in El Obour.<\/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\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":552737,"template":"","categories":[],"tags":[],"class_list":["post-552736","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"cc01d3fb-8abe-4208-8368-3e1254b0f639","teaser":"","photo_url":"https:\/\/ent.news\/2022\/9\/82.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>The Enterprise Fall 2022 Reader Survey: The results - 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\/the-enterprise-fall-2022-reader-survey-the-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Enterprise Fall 2022 Reader Survey: The results\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/the-enterprise-fall-2022-reader-survey-the-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:52:00+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\/82.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\/the-enterprise-fall-2022-reader-survey-the-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/the-enterprise-fall-2022-reader-survey-the-results\/\",\"name\":\"The Enterprise Fall 2022 Reader Survey: The results - 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