{"id":552809,"date":"2022-10-02T13:20:11","date_gmt":"2022-10-02T13:20:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=552809"},"modified":"2025-12-15T23:53:44","modified_gmt":"2025-12-15T23:53:44","slug":"mayar-sherif-gets-first-wta-title","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/mayar-sherif-gets-first-wta-title\/","title":{"rendered":"Mayar Sherif gets first WTA title"},"content":{"rendered":"<section id=\"552811\" 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=\"552811\">\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\/10\/02\/this-evening-supply-ministry-announces-three-cooking-oil-complexes-open-for-investment-ukraine-fully-reclaims-lyman-in-major-battlefield-loss-for-russia\/\">\r\n                            THIS EVENING: Supply Ministry announces three cooking oil complexes open for investment + Ukraine fully reclaims Lyman in major battlefield loss for Russia                        <\/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\/10\/02\/this-evening-supply-ministry-announces-three-cooking-oil-complexes-open-for-investment-ukraine-fully-reclaims-lyman-in-major-battlefield-loss-for-russia\/\" 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\/10\/02\/this-evening-supply-ministry-announces-three-cooking-oil-complexes-open-for-investment-ukraine-fully-reclaims-lyman-in-major-battlefield-loss-for-russia\/')\">\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\/10\/02\/this-evening-supply-ministry-announces-three-cooking-oil-complexes-open-for-investment-ukraine-fully-reclaims-lyman-in-major-battlefield-loss-for-russia\/\">\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: Supply Ministry announces three cooking oil complexes open for investment + Ukraine fully reclaims Lyman in major battlefield loss for Russia&url=https:\/\/enterpriseam.com\/egypt\/2022\/10\/02\/this-evening-supply-ministry-announces-three-cooking-oil-complexes-open-for-investment-ukraine-fully-reclaims-lyman-in-major-battlefield-loss-for-russia\/\">\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\/10\/02\/this-evening-supply-ministry-announces-three-cooking-oil-complexes-open-for-investment-ukraine-fully-reclaims-lyman-in-major-battlefield-loss-for-russia\/&title=THIS EVENING: Supply Ministry announces three cooking oil complexes open for investment + Ukraine fully reclaims Lyman in major battlefield loss for Russia\">\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+Supply+Ministry+announces+three+cooking+oil+complexes+open+for+investment+%2B+Ukraine+fully+reclaims+Lyman+in+major+battlefield+loss+for+Russia+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F10%2F02%2Fthis-evening-supply-ministry-announces-three-cooking-oil-complexes-open-for-investment-ukraine-fully-reclaims-lyman-in-major-battlefield-loss-for-russia%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\/10\/02\/this-evening-supply-ministry-announces-three-cooking-oil-complexes-open-for-investment-ukraine-fully-reclaims-lyman-in-major-battlefield-loss-for-russia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552811\" class=\"content-area-description single-story post-552811 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-cop27 tag-enterprisepm tag-national-initiative-for-green-and-smart-projects tag-planning-ministry tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, friends.<\/strong> It\u2019s a slow start to the month and the final quarter of the year here in Omm El Donia.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The Supply Ministry is tendering three projects to set up cooking oil<\/strong><strong> complexes worth a combined USD 321 mn<\/strong> in Alexandria, Sohag and Al Sadat City, <a href=\"https:\/\/gate.ahram.org.eg\/News\/3715960.aspx\">Al Ahram<\/a> reported.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Ukraine reclaims full control of Lyman:<\/strong> Russia has withdrawn its troops from the city in Ukraine\u2019s Donetsk region, which it has been using as a logistics hub. Lyman is one of four Ukrainian provinces (which cover nearly a fifth of Ukraine) that Russia has partially occupied and proclaimed it was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cf4bfc5f-7185-484b-8873-7b3a1c2aa725\">formally annexing<\/a>last Friday. Losing Lyman is Russia\u2019s most significant battlefield loss in weeks, and Ukraine reclaiming the city could be key to liberating the Luhansk region, Luhansk\u2019s governor said. (<a href=\"https:\/\/www.nytimes.com\/live\/2022\/10\/02\/world\/russia-ukraine-war-news\">The New York Times<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraines-retaking-lyman-key-neighbouring-luhansk-region-governor-2022-10-02\/\">Reuters<\/a>| <a href=\"https:\/\/www.bbc.com\/news\/world-europe-63102220\">BBC<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/live\/2022\/oct\/02\/russia-ukraine-war-live-updates-ukrainian-capture-of-lyman-makes-war-more-difficult-for-putin-says-us\">The Guardian<\/a>)<\/p>\n<hr class=\"grey-line\">\n<p><strong>HAPPENING TODAY- The <\/strong><strong><a href=\"https:\/\/www.sgg.eg\/\">National Initiative for Green and Smart Projects<\/a><\/strong><strong> will announce<\/strong><strong> the first set of projects that will advance to the next round. <\/strong>The government will reveal the top projects submitted from Alexandria, Beheira, and Matrouh today, according to a Planning Ministry <a href=\"https:\/\/www.facebook.com\/photo\/?fbid=637725284383978&set=basw.AbrMZEfdpxrMk01qE7oAOrv0lW0U8ILm8J3_rvy5CH8D9AzWlIth79aCI2XDOi7OLigXF8cpBq8iPIW9RwZQqMzdEdDRR5UdroPPueccUdz04sR89TMBSj7KqEeDzpIGl512R0JIy18m8j9F9tE2emhttPkX4gmNhfrXiQ1vaNCj-w3AoU3Ga3fHGn2Mo8axz156bTxaMy6KNN3XdcAMCwi1NQV_c7BdH7EA0_5WVFj898KVspvg4p6DAYpvWvSMsM1jw36P_IxKS21H_b98092Kk6lBCXMFdCybeeke1ghiBlI-8uaNBwNMCGJtKIoP2fUCbvp69GPfEW2_QhN1KtVO_34jqfwYY5yCN7q5lbzDBQ&opaqueCursor=Abq8ukHZUbqb4HTnznRb5BXfV_wZ-mh9pbKpP6jQammarybRy17r1GJBnovmuqJvT7It5eVj5PaImkkGleLaBw27EPZLaM-Ocgdxy43Md4hb_hKbHU_5yWliXuD44D7jGLxPEwRlkw7-Fm52Eu4weqOkjqKe3FuMaMtIeXatoF1qJyIjdcTVBUEqntYFx_oUZahZdchtIr3KY70jK_QWVov2-T-iNIcE0aSgSGYU6mJE2-MnyimhlaeVg6RbPfYNjd9mNAVrdH0wjUHumtqjH0mZLNdHQp_AqlVnWUljF4RaeTnewnmTcS1XwFSdU71-DiOBlcCWnMFEA76JH50npuQJQ9FsLtXrNziDF1iu7DbKJRzg1FkyFAE4TCJFAiYALfnvPzp3WrX8FpNHIMQci2E1OuSqLliaguF7iHoQ13oX4fAaYlVqnpdAHTaI8MLWZscYRNqYkLukgZGE_8SJSvZE7qvHyzCUiGrSnP8Xh0ITgmQH5KRKTFYKjkGpuE8UjR6dujsaQgS5j2gBNu5x_m4bg2YmZXV-ocAzp5MWbpzrDmeVkU5SkXPXmHrCjkxLug0uEkWJ8qBAF6GXEE_nmh2OuyE8s258xWUy0D0ZFAXTUlPVw1QsoXIChUFCazscOKjb1abmsXH4jPL6bwKO1XYnvW9wHH1tAbeamEn8ZG__ecj6YTXPUFbN7ET2r4bSln7g73gIn8mwQe7SNftQW4d043AuMpE4KucASC9ov9KbAqWNXjKCaFE-ixknzRNioq_GzHMZsjj9mQ1ZNa_na3CTmsProHpsr6D2EMGNneyzc7RdUKQfYPIlTOVTcoHsj1f9JDVuc6rwhIdud3UsbRlITnzNduHXzJalD6xPmP6Wx6qxT3BZL9qiUKqAHhjjzAU\">statement<\/a>. The projects will then be reviewed by a high-level jury and the finalists will be presented at COP27. The nationwide initiative invited applicants to submit projects that would reduce the negative effects of climate change on the environment while also promoting long-term economic growth in their governorates. The finalists will then be matched with funding agencies and investors from around the world to bring their ideas to life.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>The House of Representatives is back in session:<\/strong> We have a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/46365d61-2678-435c-a7e7-c4e0c31454f6\">full rundown<\/a> on bills now before the House of Representatives in the third legislative season of its five-year term.<\/li>\n<li><strong>Israel\u2019s NewMed could acquire Egypt oil + gas assets via Capricorn merger:<\/strong> Capricorn Energy <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e20731c9-91e5-4f84-80a8-684f2834b9b5\">has abandoned<\/a> contested plans to merge with Tullow Oil in favor of an all-share tie-up with Israel\u2019s NewMed.<\/li>\n<li><strong>TCI Sanmar <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7154ae30-7887-4952-9822-a634a6324e59\">issued bonds<\/a><\/strong><strong> worth USD 117.7 mn in a private placement<\/strong> with nine foreign banks.<\/li>\n<\/ul>\n<p class='web-image-inner'><img decoding=\"async\" data-recalc-dims=\"1\" style='display: block' src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Inside Industry day \u2014<\/strong> <strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> Amid shortages of imported products, a growing number of consumers are reporting shifting purchasing behavior to rely more on locally produced alternatives that are typically cheaper \u2014 but, more importantly, are accessible \u2014 a survey conducted by Enterprise shows.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>UPCOMING NEWS TRIGGERS- Here are some data points and news triggers<\/strong> to be on the lookout for in this month of pumpkin spice and all things nice:<\/p>\n<ul>\n<li><strong>PMI:<\/strong> We\u2019ll know how Egypt\u2019s private sector fared in September when S&P Global drops its latest PMI release this <strong>Tuesday, 4 October<\/strong>. The downturn in activity looked to be easing <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03f3644f-a7a1-4421-be66-e82e6ea593ce\">in August<\/a> when businesses told the survey that demand and output were rising on the back of slowing inflation.<\/li>\n<li><strong>Foreign reserves:<\/strong> The Central Bank of Egypt (CBE) should be out with September\u2019s foreign reserves figures <strong>later this week<\/strong>. Reserves <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3791e7af-601b-4e47-b99e-96c80bf417ac\">remained flat<\/a> at around USD 33.1 bn in August, having fallen 20% since March due to headwinds caused by the war in Ukraine and tightening financial conditions.<\/li>\n<li><strong>Inflation to notch new highs?<\/strong> Analysts are expecting inflation to have continued rising in September due to the weakening EGP after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87690684-aec3-44e4-94d0-51c47f28e208\">reaching highs<\/a> not seen since November 2018 in August. We\u2019ll find out when Capmas and the CBE release the figures next week.<\/li>\n<\/ul>\n<p><strong>Expect another downbeat forecast for the global economy<\/strong> when the IMF releases its latest World Economic Outlook on Wednesday ahead of the <strong>IMF and World Bank <\/strong><strong><a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\">annual meetings<\/a><\/strong> next week (10-16 October). Expect to hear more from the IMF\u2019s Kristalina Georgieva, the World Bank\u2019s David Malpass, and co this week in the lead-up to the release.<\/p>\n<p><strong>The Central Bank of Egypt does NOT meet in October <\/strong>to review interest rates. The next monetary policy committee meeting is slated for 3 November.<\/p>\n<p> <strong>Eight Austrian water companies are here this week:<\/strong> Headed by Austria\u2019s ambassador to Egypt and the VP of the Austrian Chamber of Commerce, a delegation will meet with government officials and local business leaders on 3-5 October to discuss investment in Egypt\u2019s water, wastewater and desalination projects, the Austrian embassy in Cairo <a href=\"https:\/\/ent.news\/2022\/10\/Press-Release-Austrian-Delegation-Water-Sector-03-05-02-2022_FINAL.pdf\">said (pdf)<\/a> over the weekend.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER-<\/strong> Expect a daytime high of 33\u00b0C tomorrow and a nighttime low of 21\u00b0C, according to our favorite weather app.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-initiative-for-green-and-smart-projects\/\">National Initiative for Green and Smart Projects<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planning-ministry\/\">Planning Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section 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src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"552813\" 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=\"552813\">\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 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data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/398.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552813\" class=\"content-area-description single-story post-552813 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-ai tag-apple tag-elon-musk tag-enterprisepm tag-for-your-commute tag-tesla 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>Someone to keep <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/01\/sophia-the-saudi-robot-now-in-egyptian-real-life\/\">Sophia the Robot<\/a><\/strong> <strong>company?<\/strong> Tesla has a prototype humanoid robot, Optimus, which CEO Elon Musk revealed at the annual Tesla AI Day yesterday, <a href=\"https:\/\/www.bbc.com\/news\/technology-63100636\">BBC<\/a> reported. Optimus was shown in a video carrying out human day to day tasks such as watering plants and moving boxes. The EV company plans to put the robot for sale in three to five years with a price tag lower than USD 20k after a testing phase that entails working jobs in the company\u2019s car factories.<\/p>\n<p><strong>The automation and AI drive saw the number of robots sold in North America rise to<\/strong><strong> historic highs in 1Q 2022<\/strong>, <a href=\"https:\/\/bloom.bg\/3M35arB\">Bloomberg<\/a> reported, citing the Association for Advancing Automation. The automation push is expected to eliminate mundane tasks from human employees\u2019 purview, but there are also the eternal concerns about job displacement: \u201cComputerization increases the productivity of highly educated workers by displacing the tasks of the middle-skill workers,\u201d according to scholar David Autor.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The Apple v Android battle will extend to cars: <\/strong>Cars, especially electric models, are experiencing a similar dilemma that occurred in the early days of the mobile phone industry with Google and Apple vying for software partnerships, <a href=\"https:\/\/www.wsj.com\/articles\/the-next-big-battle-between-google-and-apple-is-for-the-soul-of-your-car-11664596817?mod=hp_lead_pos8\">the Wall Street Journal<\/a> reports. It\u2019s a dilemma for car companies, who can\u2019t produce software anywhere near the level of Silicon Valley and are beating off competition from Tesla, and have to consider the real risk of ceding control over the user experience and any valuable data collected.<\/p>\n<p><strong>Our issues with smartphone software being limited could transfer to our car software<\/strong>, as the duopoly occurring on our phones affect our vehicles. Android Automotive, an operating system installed in cars that controls a built-in infotainment system, turns the screens in many new vehicles into an Android-powered tablet that runs Android apps customized for cars. It gathers data from the car like speed, battery status, heating and air conditioning, and more. Apple, which has a history of controlling both hardware and software aspects in its devices, may be pushed to create a CarOS to compete with Android Automotive in order to avoid putting Apple intellectual property in Google\u2019s hands. However, this duopoly of software systems may have implications when reselling a vehicle, or switching smartphones from Android to iPhone.<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elon-musk\/\">Elon Musk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tesla\/\">Tesla<\/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=\"552815\" 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    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240927.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/mashreq.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27486.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-a7qargp\" data-v=\"4\" data-block-id=\"a7qargp\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-a7qargp-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-a7qargp-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-8czi310\" data-v=\"4\" data-block-id=\"8czi310\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-8czi310-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-8czi310-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" 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                    <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/399.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"552817\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/02\/homage-to-sidney-poitier-mayar-sherif-gets-her-first-ever-wta-title-house-of-donuts-fulfilling-our-donut-needs-since-forever\/399-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/399.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"399.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/399.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/399.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552816\" class=\"content-area-description single-story post-552816 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-eat-this-tonight tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><br \/> (all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Apple TV documentary <\/strong><strong><a href=\"https:\/\/tv.apple.com\/us\/movie\/sidney\/umc.cmc.3bz66deer36yb164foftii9pe\">Sidney<\/a><\/strong> <strong>pays homage to late actor and filmmaker Sidney Poitier.<\/strong> The film examines the actor\u2019s trailblazing career, with its long list of firsts, such as being the first Black man to earn an Academy Award for Best Actor in a Lead Role and the first Black filmmaker to direct a USD 100 mn film. In 1974, Queen Elizabeth II knighted him \u201cSir Sidney Poitier.\u201d The film highlights Poitier's role as a fierce advocate for civil rights, and his bold acting choices \u2014 he \u201cnever played a subservient part,\u201d as Morgan Freeman stated. Oprah Winfrey, who served as one of the film\u2019s producers and was a close friend of Poitier (she calls him her \u201cgreat Black hope\u201d) makes appearances frequently throughout the film. A litany of other Black stars, including Morgan Freeman, Denzel Washington, Spike Lee, and others, communicate the ways Poitier\u2019s career changed Hollywood and paved the way for their respective careers.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>? <\/strong><strong>Our very own tennis champion Mayar Sherif became the first Egyptian WTA champion<\/strong> yesterday after defeating Greece\u2019s Maria Sakkari to win the Parma Ladies Open, the <a href=\"https:\/\/www.wtatennis.com\/news\/2834966\/sherif-wins-parma-to-become-first-egyptian-wta-champion\">Women\u2019s Tennis Association<\/a>reported. \u201cIt means a lot for my country \u2026 It means a lot for the people back home, my family, all the hard work, all the mental struggles in the last weeks. I\u2019m just thrilled and happy. This was never expected,\u201d Sherif said. Sherif had to play both the semifinal and final yesterday, after Friday matches were canceled due to rain.<\/p>\n<p>\u26bd <strong>Back to our regularly scheduled programming:<\/strong> In the English Premier League, Manchester City and Manchester United hit the field at 3pm \u2014 briefly before we dispatched this issue \u2014 and the score currently stands at 1-0. Leeds United play Aston Villa at 5:30pm.<\/p>\n<p><strong>Join the Enterprise Fantasy League<\/strong> by clicking on this <a href=\"https:\/\/fantasy.premierleague.com\/leagues\/auto-join\/8o4sut\">link<\/a>, or entering this code: 8o4sut.<\/p>\n<p><strong>La Liga: <\/strong>Real Madrid plays Osasuna at 9pm as it tries to regain the top spot in the Spanish League, which it lost yesterday to Barcelona. Celta Vigo plays Real Betis at 4:15pm and<\/p>\n<p>Girona faces Real Sociedad at 6:30pm.<\/p>\n<p><strong>Serie A: <\/strong>Atlanta plays against Fiorentina at 6pm and Juventus face Bologna at 8:45pm.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Give local donut joint <\/strong><strong><a href=\"https:\/\/www.facebook.com\/housee.of.donuts\/\">House of Donuts<\/a><\/strong><strong> a try:<\/strong> The chain, which has been around since the 90s, is open 24\/7, which means you can get a delicious donut at 3am \u2014 we won\u2019t judge. Wondering why you should give the place a try when so many international donut chains have popped up in Egypt in the three decades since House of Donuts first set up shop in Mohandseen? Despite having a relatively smaller selection of flavors than some of their competitors, their donuts taste fresh, are consistently fluffy and their glaze is not overly sweet. Their menu also boasts several varieties of what they call twist donuts; our favorite is the sugar twist. You can also get all kinds of muffins, croissants and other baked goods at their branches in Mohandeseen, Maadi and Madinet Nasr or get your order delivered through <a href=\"https:\/\/www.talabat.com\/egypt\/house-of-donuts-nasr-city-abbas-el-akkad\">Talabat<\/a>.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><br \/> (all times CLT)<\/p>\n<p><strong>Mostafa Nada and The Orientals take the stage at <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/619800979691907\/\">El Sawy Culturewheel<\/a><\/strong><strong> tonight<\/strong> at 7:30pm for a night full of Blues, Rock and Oriental music.<\/p>\n<p><strong>It\u2019s <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/493143505718117\/\">swing dancing night<\/a><\/strong><strong> at Minglings in Heliopolis<\/strong> \u2014 put your dancing shoes on and get ready for a night of dancing games and competitions.<\/p>\n<p><strong>Learn how to make a candle in a one-day workshop at <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/416501977079758\/416501987079757\/\">Art Cafe<\/a><\/strong><strong> in Galleria 40 from 5-7pm<\/strong>. The workshop will teach you the basics of candle making and you\u2019ll get to make a few of candles using a variety of techniques.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>How the UK became the hub of the offshore economy: <\/strong>British journalist Oliver Bullough explains how \u201cLondongrad\u201d became butler to the oligarchs in <a href=\"https:\/\/www.amazon.com\/Butler-World-Britain-Launder-Anything\/dp\/125028192X\/ref=sr_1_1?keywords=butler+to+the+world&qid=1664704993&qu=eyJxc2MiOiIyLjI5IiwicXNhIjoiMi4xOSIsInFzcCI6IjIuMTQifQ%3D%3D&sprefix=butler+to+the%2Caps%2C327&sr=8-1\">Butler to the World<\/a>. Bullough argues that the UK was in need of a new role, after the US assumed its role as the world\u2019s superpower in the aftermath of WWII, leading the UK to instead take on the role of butler, serving the rich. He points to tax havens like the British Virgin Islands and the Cayman Islands that offer companies tax avoidance, the creation of the eurodollar, and Scottish Limited Partnerships (where GBP 1 bn that was stolen from a bank in Moldova ended up being deposited). \u201cA butler does not only work for criminals, remember, but for anyone rich enough to be able to employ his services,\u201d Bullough writes. \u201cWhether their wealth is dirty or clean,\u201d they all seek low taxes and a lack of transparency, he argues.<\/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=\"552818\" 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=\"552818\">\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\/10\/02\/what-the-markets-are-doing-on-2-october-2022\/\">\r\n                            What the markets are doing on 2 October, 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\/10\/02\/what-the-markets-are-doing-on-2-october-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\/10\/02\/what-the-markets-are-doing-on-2-october-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\/10\/02\/what-the-markets-are-doing-on-2-october-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 2 October, 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/10\/02\/what-the-markets-are-doing-on-2-october-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\/10\/02\/what-the-markets-are-doing-on-2-october-2022\/&title=What the markets are doing on 2 October, 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+2+October%2C+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F10%2F02%2Fwhat-the-markets-are-doing-on-2-october-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\/10\/02\/what-the-markets-are-doing-on-2-october-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552818\" class=\"content-area-description single-story post-552818 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 1.4% at today\u2019s close<\/strong> on turnover of EGP 724.08 mn (24% below the 90-day average). Local investors were net buyers. The index is down 18.9% YTD.<\/p>\n<p><strong>In the green: <\/strong>Juhayna (+0.4%), Elsewedy Electric (+0.4%) and e-Finance (+0.3%).<\/p>\n<p><strong>In the red: <\/strong>Madinet Nasr Housing (-4.5%), Rameda (-3.3%) and Palm Hills Development (-3.2%).<\/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<div class=\"alignfull inside-industry vertical-section wide-section wp-block-group issue-section\" id=\"552819\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27470.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly look at the issues, trends, and policies that are shaping Egypt's manufacturing industries.                <\/p>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Sunday in EnterprisePM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/inside-industry\/\">\r\n                            Read Inside Industry                            \r\n                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">4<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/poll-local-products-are-edging-out-more-expensive-imported-goods\/\">  \r\n                            POLL- Local products are edging out more expensive imported goods<\/a>\r\n                        <\/h3>\r\n\r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/poll-local-products-are-edging-out-more-expensive-imported-goods\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/inside_industry\/poll-local-products-are-edging-out-more-expensive-imported-goods\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/inside_industry\/poll-local-products-are-edging-out-more-expensive-imported-goods\/\">\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=POLL- Local products are edging out more expensive imported goods&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/poll-local-products-are-edging-out-more-expensive-imported-goods\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/poll-local-products-are-edging-out-more-expensive-imported-goods\/&title=POLL- Local products are edging out more expensive imported goods\">\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=POLL-+Local+products+are+edging+out+more+expensive+imported+goods+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Fpoll-local-products-are-edging-out-more-expensive-imported-goods%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/poll-local-products-are-edging-out-more-expensive-imported-goods\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/400.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"552820\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/poll-local-products-are-edging-out-more-expensive-imported-goods\/400-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/400.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"400.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/400.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/400.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-552819\" class=\"content-area-description post-552819 inside_industry type-inside_industry status-publish has-post-thumbnail hentry tag-enterprise-inside-industry tag-enterprisepm tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Are import shortages a blessing in disguise for local producers?<\/strong> Amid <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1237459-2827-438d-96c3-8fe7a8dce26e\">import restrictions<\/a> resulting in shortages of imported goods, consumers have been increasingly turning to locally produced options with cheaper price tags, the results of an Enterprise survey show. Although President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17e5731c-72f6-4b07-a0f9-c85fe1927d44\">indicated last week<\/a> that the government could resolve problems facing manufacturers within two months, it appears that consumer behavior has already shifted.<\/p>\n<p><strong>The price pinch:<\/strong> The survey shows that 78.5% of respondents stopped purchasing imported products with 63% of them attributing their behavior to high prices and 37% blamed it on product unavailability.<\/p>\n<p><strong>It\u2019s a matter of affordability and availability \u2014 and the impetus for shifting to local products is correlated to income levels:<\/strong> Broadly speaking, we found that higher-income respondents cite product availability as the bigger reason to purchase local goods, while a larger proportion of lower-income respondents cite the prohibitive pricing of imported products. We break down this correlation between income brackets and their reasons for going local:<\/p>\n<ul>\n<li><strong>EGP 30k or more per month:<\/strong> Respondents are split equally down the middle, with half high prices and half citing product unavailability for their shift to local products;<\/li>\n<li><strong>EGP 15-30k: <\/strong>52% cite high prices and 48% blame product unavailability;<\/li>\n<li><strong>EGP 8-15k: <\/strong>87% stopped buying imported products due to high prices, while 13% cited product unavailability;<\/li>\n<li><strong>Less than EGP 8k: <\/strong>67% of respondents in this income bracket stopped buying imported products due to high prices, while 33% blamed it on product unavailability.<\/li>\n<\/ul>\n<p><strong>But shunning imported products hasn\u2019t necessarily meant local products are filling the gap:<\/strong> The vast majority (73%) of respondents said they found alternatives for only some of the products they typically purchase, while 23% said there are no viable local alternatives at all. A mere 4% said the local market has alternatives for <strong>all<\/strong> of the imported products they previously purchased.<\/p>\n<p><strong>Available local alternatives:<\/strong> Consumers found some local alternatives for cosmetics, healthy food products, and clothes.<\/p>\n<p><strong>Bang for your buck?<\/strong> In terms of value for money, 65% of the respondents rated local alternatives as medium, 25% as poor, 9% as good, and only 1% said they are excellent.<\/p>\n<p><strong>Local consumers are ditching imported products: <\/strong>Here\u2019s how many of the survey respondents stopped buying imported products in each of the following product categories: Cosmetics (65%), car parts (30%), furniture (25%), kibble (21%), medicine (21%), school supplies and stationeries (13%) and child care products (13%).<\/p>\n<p><strong>Local high-quality alternatives are limited: <\/strong>Consumers couldn\u2019t find high quality local alternatives at reasonable prices in the product categories of clothes, skin and hair cosmetics, and car parts. \u201cThe car parts I used to buy for EGP 400 four months ago now have a higher price tag of EGP 1k due to market shortages, and imported motor oils are unavailable and their local alternatives are not as good,\u201d Karim, a purchasing manager at a food company, told Enterprise.<\/p>\n<p><strong>Although some companies are working to plug the gap:<\/strong> Private sector player Eva Pharma, for example, is taking stock of the imported products that are currently in short supply and is working on locally manufacturing alternatives, a company representative told Enterprise.<\/p>\n<p><strong>People are turning to cheaper alternatives:<\/strong> Consumers who spoke to Enterprise were looking for low-cost, local or imported alternatives to high-priced office supplies, including pens, bags, paints and cardboard. On Facebook, users created groups and pages such as <a href=\"https:\/\/www.facebook.com\/groups\/3228139944083744\">Al Ghaly Leh Badil<\/a> to share and review low-cost local alternatives to high-cost imported products. \u201cI look at the price tag and choose the product that is within my budget,\u201d Shaimaa, a journalist, told us. She also turned to cheaper local brands of paper towels and household cleaning supplies. Shaimaa found local products of good and medium quality in the product categories of beauty and body care. Fatma, who works at an oil services company, told Enterprise she gave up nearly all imported products, whose prices have nearly doubled. She looks for available imported products with a cheaper price tag only if local products don\u2019t do the trick.<\/p>\n<p><strong>But the reviews are mixed:<\/strong> For Shaimaa, the high prices of imported baby diapers forced her to buy cheaper local and imported brands, but said the local products \u201care not the same quality as the imported ones.\u201d \u201cThese local products are cheaper and have better discount offers. But they are not of the same good quality. If you compare imported and local products, the local quality is 5 out of 10,\u201d Fatma told us. Other consumers told Enterprise they are ditching imported chocolate spreads, for example, and opting for a local product because it \u201ctastes better.\u201d<\/p>\n<p><strong>Could DIY products serve as an alternative?<\/strong> Sarah, a translator, has started preparing food for her cats from home \u201cor buying from places that sell home-made food for pets, and I completely stopped buying dry food because of its high price.\u201d The dry cat food she previously bought more than tripled in price to EGP 700.<\/p>\n<p><strong>Why are local alternatives lagging behind?<\/strong> For starters, it\u2019s tough for any country to produce all of its needs locally \u2014 and Egypt\u2019s local industry is already a far cry from self-sufficiency. \u201cNo country is capable of producing everything on its own. Countries depend on each other for production inputs,\u201d Mohamed El Bahy, Federation of Egyptian Industries\u2019 (FEI) customs and tax committee head told Enterprise.<\/p>\n<p><strong>Part of it is also a perception issue:<\/strong> Fatma, for example, says she is uneasy about relying on local alternatives for her mother\u2019s diabetes and blood pressure meds, and even when a doctor prescribes a high-quality local alternative, she finds it difficult to secure. But most meds have multiple alternatives in the local market and \u201care almost equivalent [in terms of quality] to any imported products, but consumers in Egypt tend to think that imported or expensive products are better,\u201d El Bahy said.<\/p>\n<p><strong>And some things are harder than others to localize:<\/strong> Pharma raw materials, for example, \u201care very expensive for us to start producing locally,\u201d El Bahy explains. Import restrictions led many pharma factories to suspend production because they had no alternatives, he said. The furniture industry also relies heavily on imports because Egypt is \u201cnot a country that produces wood \u2014 whether natural or manufactured,\u201d said Mahmoud Abou Shousha, a member of the FEI\u2019s furniture division. Abou Shousha anticipates many furniture workshops and factories will shut down in the next few weeks unless there is a breakthrough in the import situation.<\/p>\n<p><strong>These things take time:<\/strong> \u201cWe can\u2019t transition from a net importer to a manufacturer overnight. This is a very difficult task and requires time,\u201d head of the Internal Trade Committee of the Importers Division of the Federation of Chambers of Commerce Matta Bishay told us.<\/p>\n<p><strong>But, in any case, relying on imports to some degree is healthy for market competition<\/strong>: \u201cIf the demand for local alternatives increases, prices will rise accordingly,\u201d and imported products maintain market competition, Bishay told Enterprise.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top industrial development stories for the week:<\/strong><\/p>\n<ul>\n<li>President Abdel Fattah <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17e5731c-72f6-4b07-a0f9-c85fe1927d44\">El Sisi signaled<\/a> that <strong>import challenges<\/strong> facing manufacturers will be <strong>solved within two months<\/strong>.<\/li>\n<li><strong>Auto sales were <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6c562b58-f321-4f4a-9090-76da876f7511\">down by more than half<\/a><\/strong> <strong>in August<\/strong> compared with the same month last year, as the market continues to struggle with import barriers.<\/li>\n<li><strong>The government\u2019s automotive committee <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/356d0c3f-33bf-4b21-9d07-b14283bebeb3\">held its first meeting<\/a><\/strong> headed by Prime Minister Mousatafa Madbouly last week.<\/li>\n<li><strong>Innovate Egypt is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/954d6a7d-4e8c-4de0-8e34-845559b46cfc\">set to invest<\/a><\/strong><strong> EGP 150 mn to locally produce EVs, including electric tuk-tuks<\/strong>, in partnership with the Arab Organization for Industrialization.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"552821\" 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\/10\/02\/552821\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552821\" class=\"content-area-description single-story post-552821 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>27 September-27 October (Tuesday-Thursday): The Egyptian Museum the Manial Palace Museum host a book fair.<\/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&amp;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>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>23-25 &ZeroWidthSpace;&ZeroWidthSpace;October (Sunday-Tuesday): Egypt economic conference, Cairo, Egypt.<\/p>\n<p>24 October (Monday): <a href=\"https:\/\/fci.nl\/en\/event\/empowering-sustainable-trade-flows-factoring-facilitation-egyptian-trade-difficult-times?language_content_entity=en#register\">Empowering Sustainable Trade Flows with Factoring<\/a> conference, St. Regis Cairo.<\/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>30 October \u2013 1 November (Sunday \u2013 Tuesday): <a href=\"https:\/\/www.egypt-energy.com\/en\/home.html\">Egypt Energy<\/a>, Egypt International Exhibition Centre (EIEC) in 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>9 November (Wednesday): Finance Ministry to host \u201c<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid029A7ytdAhcMYQsLo8xQ6Ne5FuvWWDty9yYj66v4LMifKZ611tqzps8jkcw4P7fLMhl\">Finance Day<\/a>\u201d at COP27.<\/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: Egyptian Automotive Summit.<\/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 \u2013 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":552810,"template":"","categories":[],"tags":[],"class_list":["post-552809","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"15d8d952-3f5f-4c0d-8025-ccbf1bb3657c","teaser":"","photo_url":"https:\/\/ent.news\/2022\/10\/47.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>Mayar Sherif gets first WTA title - 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\/mayar-sherif-gets-first-wta-title\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mayar Sherif gets first WTA title\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/mayar-sherif-gets-first-wta-title\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:53:44+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/47.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\/mayar-sherif-gets-first-wta-title\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/mayar-sherif-gets-first-wta-title\/\",\"name\":\"Mayar Sherif gets first WTA title - 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