{"id":552749,"date":"2022-09-27T13:23:42","date_gmt":"2022-09-27T13:23:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=552749"},"modified":"2025-12-15T23:52:26","modified_gmt":"2025-12-15T23:52:26","slug":"sabotage-of-nord-stream","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/sabotage-of-nord-stream\/","title":{"rendered":"Sabotage of Nord Stream?"},"content":{"rendered":"<section id=\"552751\" 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=\"552751\">\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\/27\/this-evening-sovereign-fund-of-egypt-wants-to-take-nspo-companies-public-by-year-end-three-gas-leaks-in-russias-nord-stream-pipelines\/\">\r\n                            THIS EVENING: Sovereign Fund of Egypt wants to take NSPO companies public by year-end + Three gas leaks in Russia\u2019s Nord Stream pipelines                        <\/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\/27\/this-evening-sovereign-fund-of-egypt-wants-to-take-nspo-companies-public-by-year-end-three-gas-leaks-in-russias-nord-stream-pipelines\/\" 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\/27\/this-evening-sovereign-fund-of-egypt-wants-to-take-nspo-companies-public-by-year-end-three-gas-leaks-in-russias-nord-stream-pipelines\/')\">\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\/27\/this-evening-sovereign-fund-of-egypt-wants-to-take-nspo-companies-public-by-year-end-three-gas-leaks-in-russias-nord-stream-pipelines\/\">\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: Sovereign Fund of Egypt wants to take NSPO companies public by year-end + Three gas leaks in Russia\u2019s Nord Stream pipelines&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/this-evening-sovereign-fund-of-egypt-wants-to-take-nspo-companies-public-by-year-end-three-gas-leaks-in-russias-nord-stream-pipelines\/\">\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\/27\/this-evening-sovereign-fund-of-egypt-wants-to-take-nspo-companies-public-by-year-end-three-gas-leaks-in-russias-nord-stream-pipelines\/&title=THIS EVENING: Sovereign Fund of Egypt wants to take NSPO companies public by year-end + Three gas leaks in Russia\u2019s Nord Stream pipelines\">\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+Sovereign+Fund+of+Egypt+wants+to+take+NSPO+companies+public+by+year-end+%2B+Three+gas+leaks+in+Russia%E2%80%99s+Nord+Stream+pipelines+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F27%2Fthis-evening-sovereign-fund-of-egypt-wants-to-take-nspo-companies-public-by-year-end-three-gas-leaks-in-russias-nord-stream-pipelines%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\/27\/this-evening-sovereign-fund-of-egypt-wants-to-take-nspo-companies-public-by-year-end-three-gas-leaks-in-russias-nord-stream-pipelines\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552751\" class=\"content-area-description single-story post-552751 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-enterprisepm tag-russia tag-safi tag-shinzo-abe 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>Happy hump day, friends.<\/strong> It\u2019s by no means a slow news day here in Omm El Donia, with a handful of interesting stories happening on the home front.<\/p>\n<p><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The government wants to remove barriers to industrial development within<\/strong><strong> a month or two,<\/strong> President Abdel Fattah El Sisi said today during the inauguration of several national projects linked to the General Authority for Investment and Freezones (<a href=\"https:\/\/www.youtube.com\/watch?v=IfRVYGQ9TIE\">watch, runtime 8:37<\/a>). The state is looking to address and resolve issues that stand in the way of investors so that administrative procedures are fast and efficient for investors and industrialists who are looking to enter the Egyptian market, he added.<\/p>\n<p><strong>Wataniya + Safi hitting the EGX before the year is out?<\/strong> The Sovereign Fund of Egypt is looking to take military-owned filling station Wataniya and bottled water maker Safi public on the EGX by the end of the year, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0dgDW9H5rvoBACazL8uXUEbVtmRE212eJw9tr8mBFJeNpXUqyboZ8XLzXJTC8K8trl\">cabinet statement<\/a>. The two National Service Products Organization companies are currently being restructured ahead of their IPO.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>A couple of stories are vying for attention in the international business press this afternoon:<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>#1- Three gas leaks from the Russian-owned Nord Stream 1 and 2 pipelines were<\/strong><strong> discovered in Swedish and Danish waters<\/strong>, raising concerns about further Russian supply shortages. The company said in a <a href=\"https:\/\/www.nord-stream.com\/press-info\/press-releases\/pressure-drop-on-both-strings-of-the-gas-pipeline-526\/\">statement<\/a> it was \u201cinvestigating\u201d the reason behind the pressure drop that caused the leaks, while European countries are looking into potential sabotage. \u201cThe incident is not expected to have consequences for the security of Danish gas supply,\u201d the Danish energy ministry said <a href=\"https:\/\/ens.dk\/en\/press\/leak-north-stream-2-baltic-sea\">in a statement<\/a>. The Nord Stream 2 pipeline is pumped full of gas despite its operations getting halted due to Russia\u2019s invasion of Ukraine, while the Nord Stream 1 pipeline has been out of service for weeks for maintenance work. (<a href=\"https:\/\/www.ft.com\/content\/85f24052-10a6-48de-8eb1-7a6f8be95759\">Financial Times<\/a> | <a href=\"https:\/\/www.cnbc.com\/2022\/09\/27\/russia-ukraine-live-updates.html\">CNBC<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-27\/european-gas-prices-rise-amid-outages-at-idled-russian-pipelines?sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.reuters.com\/business\/energy\/mystery-gas-leaks-hit-major-russian-undersea-gas-pipelines-europe-2022-09-27\/\">Reuters<\/a>)<\/p>\n<p><strong>European natural gas futures shot up 6.4% in trading early this morning on the news<\/strong>, after dropping to a two-month low earlier this week, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-27\/european-gas-prices-rise-amid-outages-at-idled-russian-pipelines?sref=mmeFTDW1\">Bloomberg<\/a> reported.<\/p>\n<p><strong>#2- Japan held a state funeral for former Prime Minister Shinzo<\/strong>, provoking angry demonstrations in Tokyo over his legacy of close ties with the ultra conservative Unification Church. Abe was assassinated in July at a political campaign event. <strong>(<\/strong><a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/japan-prepares-bid-farewell-slain-abe-with-controversial-state-funeral-2022-09-26\/\">Reuters<\/a> | <a href=\"https:\/\/bit.ly\/3SwfV7Q\">the Associated Press<\/a> | <a href=\"https:\/\/www.nytimes.com\/2022\/09\/24\/world\/asia\/shinzo-abe-funeral-unification-church.html\">The New York Times<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2022\/sep\/26\/shinzo-abe-funeral-world-figures-fly-in-to-political-storm-over-state-service-for-japan-former-pm\">the Guardian<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/shinzo-abe-state-funeral-brings-world-leaders-to-japan-11664251624\">The Wall Street Journal<\/a>)<\/p>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>Our friends at HSBC are hosting an energy transition webinar series today 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&src=enterpriseam\">You can register for the series here<\/a>.<\/p>\n<p><strong>A Spanish business delegation is in town today and tomorrow<\/strong> 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<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>EFG Hermes and GB Capital <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8039b092-6400-4061-91b6-d540cd3f2868\">have rebranded<\/a><\/strong><strong> life ins. company Tokio Marine Egypt Family Takaful as Kaf<\/strong> following their acquisition of a majority stake in 2020.<\/li>\n<li><strong>Elsewedy Electric <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd5b28ae-cfcb-4e5b-8aa1-f644380ce824\">has secured<\/a><\/strong><strong> EGP 2 bn in Islamic financing <\/strong>from a banking consortium led by Abu Dhabi Islamic Bank.<\/li>\n<li><strong>Pickalbatros Hotels <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/089f2068-0344-48dc-a43f-04dd6d0c59cd\">will open<\/a><\/strong><strong> three new hotels<\/strong> in Hurghada and Marsa Alam by next February.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.events.fintechrobos.com\/\">Arab Pensions and Social Ins. Conference<\/a><\/strong><strong> kicks off tomorrow <\/strong>in Sharm El Sheikh, bringing together pension and investment leaders to exchange expertise and experiences on reforming and developing pension systems in the Arab region, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0cGkB8rQtXb3cFhoekF6YG25bENEzregYAituAyqDVRmmG2Zk1p1VdqoGRaGrfXBwl\">cabinet statement.<\/a> Finance Minister Mohamed Maait will be attending the two-day gathering.<\/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 <\/strong>at the St. Regis Cairo Hotel 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>Women entrepreneurs: Are you looking for funding? <\/strong>The <a href=\"https:\/\/invest-for-jobs.com\/\">Facility<\/a><a href=\"https:\/\/invest-for-jobs.com\/\">Investing for Employment<\/a> is looking to write co-financing tickets in the EUR 1-10 mn range for new projects at businesses that \u201ccontribute to sustainable job creation.\u201d Its focus is 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>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 38\u00b0C tomorrow and a nighttime low of 25\u00b0C, according to our favorite weather app.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/safi\/\">Safi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shinzo-abe\/\">Shinzo Abe<\/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=\"552752\" 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=\"552752\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/552752\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552752\" class=\"content-area-description single-story post-552752 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=\"552753\" 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=\"552753\">\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\/27\/the-gender-roles-of-leadership-and-mentoring-copper-prices-are-way-down-even-though-theres-a-supply-pinch\/\">\r\n                            The gender roles of leadership and mentoring + Copper prices are way down, even though there\u2019s a supply pinch                        <\/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\/27\/the-gender-roles-of-leadership-and-mentoring-copper-prices-are-way-down-even-though-theres-a-supply-pinch\/\" 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\/27\/the-gender-roles-of-leadership-and-mentoring-copper-prices-are-way-down-even-though-theres-a-supply-pinch\/')\">\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\/27\/the-gender-roles-of-leadership-and-mentoring-copper-prices-are-way-down-even-though-theres-a-supply-pinch\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The gender roles of leadership and mentoring + Copper prices are way down, even though there\u2019s a supply pinch&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/the-gender-roles-of-leadership-and-mentoring-copper-prices-are-way-down-even-though-theres-a-supply-pinch\/\">\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\/27\/the-gender-roles-of-leadership-and-mentoring-copper-prices-are-way-down-even-though-theres-a-supply-pinch\/&title=The gender roles of leadership and mentoring + Copper prices are way down, even though there\u2019s a supply pinch\">\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=The+gender+roles+of+leadership+and+mentoring+%2B+Copper+prices+are+way+down%2C+even+though+there%E2%80%99s+a+supply+pinch+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F27%2Fthe-gender-roles-of-leadership-and-mentoring-copper-prices-are-way-down-even-though-theres-a-supply-pinch%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\/27\/the-gender-roles-of-leadership-and-mentoring-copper-prices-are-way-down-even-though-theres-a-supply-pinch\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/589.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"552754\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/the-gender-roles-of-leadership-and-mentoring-copper-prices-are-way-down-even-though-theres-a-supply-pinch\/589-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/589.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"589.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/589.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/589.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552753\" class=\"content-area-description single-story post-552753 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-commodities tag-enterprisepm tag-for-your-commute wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Paternalistic leadership \u2014 done the right way \u2014 can offer great benefits to a business<\/strong><strong> and its management:<\/strong> A paternalistic leadership approach associated mostly with leaders in Asia, Latin America and the Middle East, offers a number of benefits that Western leaders need to take note of, the <a href=\"https:\/\/www.ft.com\/content\/1e37ea95-d402-4dc4-91fb-08d5d70ae8ac\">Financial Times<\/a> writes. Unlike \u201ctransactional\u201d and \u201ctransformational\u201d models of leadership heralded by Western leaders, the paternalistic approach uses a combination of authoritarianism, benevolence and morality to make emotional connections with employees that reflects in more loyalty, productivity and motivation across the company\u2019s staff. It also helps company leaders through high-profile disputes and conflicts, where they are able to use these qualities and their loyal following to mobilize positive publicity and use it in their favor.<\/p>\n<p><strong>And speaking of gendered leadership: Girl power is circumstantial when it comes to<\/strong><strong> mentors:<\/strong> Women initially prefer women mentors \u2014 a preference that is likely to shift with more background information about the candidates, according to a UCLA and University of Chicago <a href=\"https:\/\/anderson-review.ucla.edu\/career-mentoring-default-women-for-women-altered-by-quality-data\/\">study<\/a> cited by the <a href=\"https:\/\/www.wsj.com\/articles\/women-prefer-women-mentors-study-11663790965?mod=hp_lista_pos1\">Wall Street Journal<\/a>. The research results show that female students are drawn to mentors who are also women when they don\u2019t know much solid information, but if they know more about a mentor\u2019s mannerisms, likelihood to give personalized advice, or awareness of future job opportunities, the preference no longer holds.<\/p>\n<p><strong>The findings show without sufficient data, women will opt for allies from their own<\/strong><strong> gender:<\/strong> In the first phase of the study, women students were 20% more likely than their male counterparts to contact women mentors, regardless of preferred occupation. They were also 28% more likely to give up a mentor with their preferred occupation to pair up with a woman mentor. In the second phase, students received the same information about the 30 pairs of mentors with star ratings from past mentees including knowledge about job opportunities, affability and likelihood to give personalized advice. Given this additional information, neither female nor male students were willing to sacrifice a mentor with their preferred occupation regardless of gender.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Copper prices are down by nearly 30% since March<\/strong> on higher inflation, recession fears, and market volatility, triggering a larger copper-deficit outlook which could short-circuit the global energy transition, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-21\/copper-prices-fall-despite-signs-of-looming-crucial-metal-shortage?srnd=premium-middle-east#xj4y7vzkg\">Bloomberg<\/a> reports. The drop in prices is dampening new investment and could stoke a shortage in global supply of the metal, which is used in all things green including EVs and power grids. The deficit is expected to reach 10 mn tons, or 20% of demand, by 2035.<\/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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"552755\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n  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href=\"https:\/\/api.whatsapp.com\/send?text=Was+serial+killer+Jeffrey+Dahmer+a+criminal+mastermind+or+just+lucky%3F+%2B+Watch+Egypt+v+Liberia+friendly+%2B+Howlin%E2%80%99+Birds+promises+to+be+%E2%80%9Chotter+than+you%E2%80%9D+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F27%2Fwas-serial-killer-jeffrey-dahmer-a-criminal-mastermind-or-just-lucky-watch-egypt-v-liberia-friendly-howlin-birds-promises-to-be-hotter-than-you%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\/27\/was-serial-killer-jeffrey-dahmer-a-criminal-mastermind-or-just-lucky-watch-egypt-v-liberia-friendly-howlin-birds-promises-to-be-hotter-than-you\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/590.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"552757\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/was-serial-killer-jeffrey-dahmer-a-criminal-mastermind-or-just-lucky-watch-egypt-v-liberia-friendly-howlin-birds-promises-to-be-hotter-than-you\/590-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/590.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"590.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/590.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/590.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552756\" class=\"content-area-description single-story post-552756 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-05\"><\/a> <strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81287562\">Dahmer<\/a><\/strong><strong> is both difficult to watch and difficult to look away from: <\/strong>Netflix\u2019s new limited series examines the life of notorious serial killer Jeffrey Dahmer through the eyes of his victims. Ryan Murphy and Ian Brennan's latest project stars Emmy winner Evan Peters as the cannibalistic murderer who killed and dismembered seventeen men between 1978 and 1991. In almost every way, the show puts the stories of Dahmer\u2019s victims ahead of his own. It\u2019s a reworking of the typical true crime-style, and a daring move that gives this story the gravitas it deserves, and makes the series incredibly tense to watch. Portrayed for a long time as a mad cannibal who miraculously evaded capture by the police, this interpretation of events seems closer to the truth: Dahmer was never a criminal mastermind. Instead, his victims were let down by a biased police force. The writing, acting, and directing are all excellent, and the fresh take on Dahmer\u2019s story makes it worthwhile to watch (<a href=\"https:\/\/youtu.be\/NVHHs-xllqo\">watch trailer, runtime 2:57<\/a>).<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> \u26bd <strong>Egypt faces Liberia tonight at 8pm,<\/strong> in our second friendly match with new Portuguese coach, Rui Vitoria. The Pharaohs played Niger a few days ago, and emerged victorious with a final score of 3-0, with two goals from Mohamed Salah and one from Mustafa Mohamed.<\/p>\n<p><strong>The group stage of the UEFA Nations League concludes today at 8:45 pm<\/strong>, with Portugal v Spain, and Switzerland v Czech Republic. The two matches will determine who sits at the top of the group and who will land to the bottom, so we\u2019ll get to find out the last qualifiers to the semi-finals.<\/p>\n<p><strong>Who\u2019s in and who\u2019s out so far:<\/strong> Croatia, Italy and the Netherlands have reached the semi-finals, while Portugal (10 points) and Spain (8 points) are still stuck in limbo. Switzerland (6 points) and the Czech Republic (4 points) are trying to avoid joining Austria, England and Wales, whose relegation to league B has been confirmed<\/p>\n<p><strong>Friendly matches we recommend keeping an eye on today:<\/strong><\/p>\n<p>Saudi Arabia v USA at 8pm<\/p>\n<p>Brazil v Tunisia at 8pm<\/p>\n<p>Morocco v Paraguay at 9pm<\/p>\n<p>Algeria v Nigeria 9pm<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Fried chicken lovers, listen up: Maadi\u2019s <\/strong><strong><a href=\"https:\/\/www.instagram.com\/howlinbirds\/\">Howlin\u2019 Birds<\/a><\/strong><strong> is<\/strong> <strong>about to be one of your favorite<\/strong><strong> spots: <\/strong>You can customize the spiciness of the cloud kitchen's fried chicken breast to your liking, with levels ranging from country (no heat) to mild, hot, x-hot, and howlin hot, for those who love an extra burn. If you\u2019re craving a quiet bite, go for their chicken tenders, their signature sando sandwich, or the boojy-style sandwich, which is boneless chicken breast, cheese, coleslaw and pickles in between crunchy toast. Go for the whole bird if you want to share your meal, and you can thank us later.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><br \/> (all times CLT)<\/p>\n<p><strong>Verdi\u2019s quintessential opera <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/2175033379323439\/\">Aida<\/a><\/strong><strong> is showing at the Cairo Opera House tonight through<\/strong><strong> Friday: <\/strong>The larger-than-life story, along with some of the best music ever composed will be performed by the Cairo Opera Company and the Cairo Opera Orchestra at the Fountain Theater at 8pm.<\/p>\n<p><strong>Improv troupe <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/618290683273274\/\">Irtigalia<\/a><\/strong><strong>celebrates their fourth birthday at CJC 610 tonight:<\/strong> The group, directed by actor Ramsi Lehner, combines elements of both Egyptian comedy and improvised theater to give audiences something new in the world of live comedy.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>In <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Price-Time-Real-Story-Interest\/dp\/0802160069\">The Price of Time<\/a><\/strong><strong>, a leading financial writer explains the current state of the world's<\/strong><strong> economy and how we got here:<\/strong> Finance historian and journalist Edward Chancellor provides a comprehensive and profoundly relevant history of interest rates. Although interest is frequently referred to as the \u201cprice of money,\u201d Chancellor thinks it is actually better referred to as the \u201cprice of time\u201d because time is valuable, scarce, and expensive. He makes a compelling case that when central banks set interest rates too low, the economy suffers in a number of ways, even if the central bankers succeed in capping consumer price inflation, as the US Federal Reserve did from 1995 to 2019. Chancellor ends his insightful book with a gloomy warning: The manipulation of interest rates by central bankers may seem relatively benign in comparison to more intrusive forms of government action, but it actually poses the greatest threat to the effectiveness and reliability of the freemarket system. The priceless right to freedom is hidden behind the cost of time, he writes.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eat-this-tonight\/\">Eat This Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"552758\" 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=\"552758\">\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\/27\/what-the-markets-are-doing-on-27-september-2022\/\">\r\n                            What the markets are doing on 27 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\/27\/what-the-markets-are-doing-on-27-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\/27\/what-the-markets-are-doing-on-27-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\/27\/what-the-markets-are-doing-on-27-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 27 September, 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/what-the-markets-are-doing-on-27-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\/27\/what-the-markets-are-doing-on-27-september-2022\/&title=What the markets are doing on 27 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+27+September%2C+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F27%2Fwhat-the-markets-are-doing-on-27-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\/27\/what-the-markets-are-doing-on-27-september-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552758\" class=\"content-area-description single-story post-552758 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 0.1% at today\u2019s close<\/strong> on turnover of EGP 1.07 bn (11.6% above the 90-day average). Foreign investors were net sellers. The index is down 18.8% YTD.<\/p>\n<p><strong>In the green: <\/strong>Qalaa Holding (+4.6%), Madinet Nasr Housing and Development (+3.8%) and CIRA (+3.4%).<\/p>\n<p><strong>In the red: <\/strong>CIB (-1.6%), Cleopatra Hospitals (-1.0%) and Egypt Kuwait Holding-EGP (-1.0%).<\/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=\"552759\" 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=\"552759\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Founder of the Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/meet-our-founder-of-the-week-amir-aboul-fotouh-founder-and-head-of-operations-at-mazaya\/\">\r\n                            Meet our founder of the week: Amir Aboul Fotouh, founder and head of operations at Mazaya                        <\/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\/27\/meet-our-founder-of-the-week-amir-aboul-fotouh-founder-and-head-of-operations-at-mazaya\/\" 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\/27\/meet-our-founder-of-the-week-amir-aboul-fotouh-founder-and-head-of-operations-at-mazaya\/')\">\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\/27\/meet-our-founder-of-the-week-amir-aboul-fotouh-founder-and-head-of-operations-at-mazaya\/\">\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=Meet our founder of the week: Amir Aboul Fotouh, founder and head of operations at Mazaya&url=https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/meet-our-founder-of-the-week-amir-aboul-fotouh-founder-and-head-of-operations-at-mazaya\/\">\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\/27\/meet-our-founder-of-the-week-amir-aboul-fotouh-founder-and-head-of-operations-at-mazaya\/&title=Meet our founder of the week: Amir Aboul Fotouh, founder and head of operations at Mazaya\">\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=Meet+our+founder+of+the+week%3A+Amir+Aboul+Fotouh%2C+founder+and+head+of+operations+at+Mazaya+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F09%2F27%2Fmeet-our-founder-of-the-week-amir-aboul-fotouh-founder-and-head-of-operations-at-mazaya%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\/27\/meet-our-founder-of-the-week-amir-aboul-fotouh-founder-and-head-of-operations-at-mazaya\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/591.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"552760\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/meet-our-founder-of-the-week-amir-aboul-fotouh-founder-and-head-of-operations-at-mazaya\/591-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/591.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"591.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/591.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/591.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552759\" class=\"content-area-description single-story post-552759 post type-post status-publish format-standard has-post-thumbnail hentry category-founder-of-the-week tag-amir-aboul-fotouh tag-e-commerce tag-enterprisepm tag-founder-of-the-week tag-mazaya tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>OUR FOUNDER OF THE WEEK-<\/strong> Every Tuesday, Founder of the Week looks at how a successful member of Egypt\u2019s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Amir Aboul Fotouh, founder and head of operations at Mazaya (<a href=\"https:\/\/www.linkedin.com\/in\/amir-aboul-fotouh-77038a82\/\">LinkedIn<\/a>).<\/p>\n<p><strong>My name is Amir Aboul Fotouh and I am the founder and head of operations at Mazaya. <\/strong>I began my career working as an accountant. I worked at Raya and then at Cargill, a US company that distributes grain and other agricultural commodities. I then joined the commercial team at Raya as a product manager, managing the telecom product line business before becoming the senior commercial planning manager at Raya Trade.<\/p>\n<p><strong>During my time at Raya, we began to notice that our margins were being squeezed every year, and it became imperative that we build a technology-based operation<\/strong>. We met with a lot of merchants and retailers and realized that there was a big gap in the market. Small retailers had to work with a lot of suppliers to get the stock they need. They also had very few financing options available to them.<\/p>\n<p><strong>We built Mazaya on the convenience and accessibility value propositions.<\/strong> It\u2019s a one-stop-shop, selling mobile phones and accessories, tablets, TVs and small domestic appliances, such as blenders and microwaves.<\/p>\n<p><strong>The local electronics market comprises around 12k-13k retailers, and the distributors and suppliers deal directly with only about 20% of them.<\/strong> The rest have to bear the cost of buying from intermediaries like wholesalers or semi-wholesalers that each add their own margins, which boosts up the price of the products at small retailers, increasing the gap between the price suppliers pay to buy a product firsthand from the source and the end price at which they are sold to consumers.<\/p>\n<p><strong>Our role falls somewhere between distributors and wholesalers.<\/strong> We aim to serve small retailers. They\u2019re an underserved market and to provide their stocks within a proper price range and time frame and to make sure they are aware of any promotions or discounts from suppliers. We currently serve 6k retailers and we are looking to bring that number up to 10-12k by next year.<\/p>\n<p><strong>We had the first version of the application ready by September and we launched in Cairo and Giza first in December<\/strong> <strong>2021<\/strong>. We expanded to Alexandria, then the Delta region and Upper Egypt. By July 2022, we had a presence nationwide, covering 6,000 retailers.<\/p>\n<p><strong>We recently <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/20fbcb85-3894-4b5d-9909-3a0bad8db391\">closed a USD 5 mn pre-seed round,<\/a><\/strong><strong> led by Raya Trade and Distribution, a subsidiary of Raya Holding for Financial Investments. <\/strong>We have a special partnership with Raya, wherein we turn to them first to obtain our stocks. They are not just investors, they offer us a lot of support, as well.<\/p>\n<p><strong>Corporate companies have their limits, especially big companies<\/strong>. It is very difficult to change the traditions and practices within them. There is very little appetite for change. On the other hand, at a startup, you are able to react very quickly to market changes. Corporates however are more solid and equipped to deal with difficult circumstances<\/p>\n<p><strong>By founding your own company, you give up the support that larger companies afford you. <\/strong>You are solely responsible for your company\u2019s successes or failures. You need to constantly think about the company and its employees because no one else will do this on your behalf.<\/p>\n<p><strong>Heading a startup you get very fast feedback on decisions you make so you are able to adjust accordingly.<\/strong> You are always thinking about the next step so you never really get to take in the successes. You\u2019re always looking to the next milestone.<\/p>\n<p><strong>Some KPIs I constantly look at are the frequency of orders and average order value.<\/strong> We aim to receive four orders from each retailer every month as their average cycle is around one week. The order value is very important because you could have an order that just consists of one EGP 15 cable.<\/p>\n<p><strong>The current economic climate definitely affects our business.<\/strong> When the EGP was devalued in 2016, the market declined by 25%, but it recovered a year later. This time around we expect the decline to be harsher. Consumers have also shifted their spending habits, opting to fix old phones as opposed to buying new ones and buying less expensive models than they would have previously.<\/p>\n<p><strong>When I\u2019m not working, I spend as much time as I can with my family. <\/strong>I usually end the day watching two episodes of Friends. I also try to travel wherever I get the chance. When I encounter topics I am unfamiliar with, I tend to look for a podcast on the topic and to listen to that.<\/p>\n<p><strong>I think <\/strong><strong><a href=\"https:\/\/www.maxab.io\/\">MaxAB<\/a><\/strong><strong> has done a great job of mixing the traditional way of doing business and the startup model. <\/strong>They respect traditional wholesalers and traders and are keen on maintaining good relationships with them. I have a lot of respect for startups that are respectful of the traditional players in their industry, that were there long before them conducting business in a certain way. Startups emerge with new tech and strategies that disrupt that market, so it's important that that is done in a gradual and respectful manner. You cannot show up on the scene expecting to change the market overnight.<\/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\/amir-aboul-fotouh\/\">Amir Aboul Fotouh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/founder-of-the-week\/\">FOUNDER OF THE WEEK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mazaya\/\">Mazaya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/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=\"552761\" 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\/27\/552761\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552761\" class=\"content-area-description single-story post-552761 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":552750,"template":"","categories":[],"tags":[],"class_list":["post-552749","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"22f16b4f-5380-40cc-89d2-f3da3f5d0dbf","teaser":"","photo_url":"https:\/\/ent.news\/2022\/9\/84.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>Sabotage of Nord Stream? - 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\/sabotage-of-nord-stream\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sabotage of Nord Stream?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/sabotage-of-nord-stream\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:52:26+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\/84.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\/sabotage-of-nord-stream\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/sabotage-of-nord-stream\/\",\"name\":\"Sabotage of Nord Stream? 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