{"id":552891,"date":"2022-10-09T13:14:29","date_gmt":"2022-10-09T13:14:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=552891"},"modified":"2025-12-15T23:55:39","modified_gmt":"2025-12-15T23:55:39","slug":"ending-the-tea-vs-coffee-debate-once-and-for-all","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/ending-the-tea-vs-coffee-debate-once-and-for-all\/","title":{"rendered":"Ending the tea vs. coffee debate, once and for all"},"content":{"rendered":"<section id=\"552893\" 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=\"552893\">\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\/09\/this-evening-shoukry-wants-the-un-to-stop-recognizing-libyas-interim-government-russia-reopens-critical-crimea-bridge-hours-after-partial-collapse\/\">\r\n                            THIS EVENING: Shoukry wants the UN to stop recognizing Libya\u2019s interim government + Russia reopens critical Crimea bridge hours after partial collapse                        <\/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 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href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+Shoukry+wants+the+UN+to+stop+recognizing+Libya%E2%80%99s+interim+government+%2B+Russia+reopens+critical+Crimea+bridge+hours+after+partial+collapse+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F10%2F09%2Fthis-evening-shoukry-wants-the-un-to-stop-recognizing-libyas-interim-government-russia-reopens-critical-crimea-bridge-hours-after-partial-collapse%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\/09\/this-evening-shoukry-wants-the-un-to-stop-recognizing-libyas-interim-government-russia-reopens-critical-crimea-bridge-hours-after-partial-collapse\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552893\" class=\"content-area-description single-story post-552893 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-crimea tag-diplomacy tag-enterprisepm tag-libya tag-russia tag-sameh-shoukry 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 Sunday, wonderful people.<\/strong> It hasn\u2019t yet turned out to be as busy of a start to the workweek as we had anticipated this morning, but aren\u2019t ruling out a complete shift in pace in the next few hours.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Shoukry calls on UN to label Libya\u2019s interim government as \u201cillegitimate\u201d:<\/strong> The UN needs to speak up about the \u201cillegitimate\u201d status of Libya\u2019s Government of National Unity, which was set up as an interim government under a UN-brokered power sharing agreement, Foreign Minister Sameh Shoukry said at a press conference following <a href=\"https:\/\/twitter.com\/MfaEgypt\/status\/1579043743940096001\">a meeting<\/a> with Greek Foreign Minister Nikos Dendias (<a href=\"https:\/\/twitter.com\/AlArabiya\/status\/1579079308932681728\">watch, runtime: 1:28<\/a>).<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>The international press is still squarely focused on the explosion that caused damage to<\/strong><strong> Russia\u2019s crucial Crimea road and rail bridge.<\/strong> Russia reopened the bridge today and began running trains across it just hours after it partially collapsed, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-09\/ukraine-latest-russian-strikes-kill-at-least-17-in-zaporizhzhia?srnd=premium-middle-east\">Bloomberg<\/a> notes. The bridge is a critical supply route for Russia into Ukraine and is necessary to help Moscow transport weapons and troops. The story is on the front pages of the <a href=\"https:\/\/www.ft.com\/content\/453d8aff-b8f2-42a3-919b-10a327475dfb\">Financial Times<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/europe\/russias-ria-state-agency-reports-fuel-tank-fire-kerch-bridge-crimea-2022-10-08\/\">Reuters<\/a>, and <a href=\"https:\/\/www.cnbc.com\/2022\/10\/09\/russian-strikes-kill-17-in-ukraine-following-bridge-attack.html\">CNBC<\/a>, among others.<\/p>\n<p><strong>HAPPENING NOW- <\/strong>Prime Minister Moustafa Madbouly inaugurated the <a href=\"http:\/\/turathna.eg\/\">Turathna Exhibition<\/a> at the Egypt International Exhibition Center, which runs until this Saturday, 15 October, according to a <a href=\"https:\/\/bit.ly\/3CJdrhi\">statement<\/a>. Some 1.1k exhibitors \u2014 including some from the UAE, Jordan, Sudan, and Libya \u2014 are showcasing their handicrafts this year, of which 45% are new, Nevine Gamea, executive director of the Micro, Small and Medium Enterprise Development Agency (MSMEDA) said.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>At least four major banks have in recent days <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8d4e1310-8476-4983-bf26-83593b2f6167\">imposed limits<\/a><\/strong><strong> on foreign exchange use<\/strong> in what pundits say is a move to conserve hard currency.<\/li>\n<li><strong>The World Bank <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a100d25-6904-4b6e-87f7-46eb8b43da69\">expects<\/a><\/strong><strong> Egypt\u2019s economy to grow at a 4.8% clip in FY 2022-2023<\/strong>, according to its October MENA Economic Update.<\/li>\n<li><strong>Egypt\u2019s current account deficit <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fd06a9c6-1825-4822-aba2-3a0e5c724c91\">narrowed<\/a><\/strong><strong> by 10.2% to USD 16.6 bn in FY 2021-2022<\/strong>, buoyed by oil and non-oil exports, rising tourism receipts, and a jump in FDI.<\/li>\n<\/ul>\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" 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> Nutritional and dietary supplement producers are facing a changing regulatory landscape that industry players say could undermine local manufacturing and hamper exports.<\/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>FOR TOMORROW-<\/strong><\/p>\n<p><strong>Inflation to notch new highs?<\/strong> Analysts are expecting inflation to have continued rising in September due to the weakening EGP after reaching highs not seen since November 2018 in August. We\u2019ll find out when Capmas and the CBE release figures tomorrow.<\/p>\n<p><strong>A green Monday for the Senate:<\/strong> The Senate will on Monday discuss legislation that could set up a new regulatory body to make policy for the electric vehicles (EV) industry. Enterprise Climate last week <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d8c44e38-2cea-4dc5-ba60-de5aac32a3fa\">reported<\/a> in depth on the EV bill, which would also set up a fund to provide financing and incentives to investors looking to get in on local EV assembly in Egypt.<\/p>\n<p><strong>The Senate will also discuss amendments to the Environment Act<\/strong> that would see a \u201cgreen fee\u201d of between EGP 1k and EGP 500k levied against new diesel and gas vehicles. As the bill currently stands, some 80% of the proceeds would go towards localizing our EV industry, with the rest to be split between the Environment Protection Fund and the state budget.<\/p>\n<p><strong>ICYMI- <\/strong>The government\u2019s automotive committee held its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/356d0c3f-33bf-4b21-9d07-b14283bebeb3\">first meeting last month<\/a>, inching us closer to the long-awaited automotive strategy.<\/p>\n<p><strong>Assessing Nafeza, one year on:<\/strong> Lynx Strategic Business Advisors are hosting a webinar tomorrow to discuss the Advanced Cargo Information (ACI), aka Nafeza, one year after it was implemented. You can <a href=\"https:\/\/us06web.zoom.us\/webinar\/register\/WN_OSp-1blBSKaJ5oNRzhdVZw\">register for the event here<\/a>.<\/p>\n<p><strong><img decoding=\"async\" draggable=\"false\" role=\"img\" class=\"emoji\" alt=\"?\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f5d3.svg\"> CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Fuel prices to rise this month?<\/strong> We\u2019re expecting the government to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d105a5e1-bbde-4d04-b84c-b2b24a38ccf8\">hike fuel prices<\/a> for the seventh consecutive quarter when the fuel pricing committee meets this month. Fuel prices have risen by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59629508-f337-48ec-b80c-092a43eecb30\">as much as 28%<\/a> over the past 18 months in response to heightened international oil prices, which surged earlier this year on the back of Russia\u2019s invasion of Ukraine.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/ceo-women.com\/about\/\">CEO Women<\/a><\/strong><strong> Conference takes place in Cairo on Monday, 10 October. <\/strong>The event will bring together Arab and African businesswomen together to discuss women\u2019s leadership and forge closer ties.<\/p>\n<p><img decoding=\"async\" draggable=\"false\" role=\"img\" class=\"emoji\" alt=\"\u2600\ufe0f\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/2600.svg\"> <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 31\u00b0C tomorrow and a nighttime low of 19\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\/crimea\/\">Crimea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/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=\"552894\" 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=\"552894\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/09\/552894\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552894\" class=\"content-area-description single-story post-552894 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=\"552895\" 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=\"552895\">\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\/10\/09\/employment-is-shifting-more-towards-skills-based-recruitment-settling-the-coffee-versus-tea-debate-once-and-for-all\/\">\r\n                            Employment is shifting more towards skills-based recruitment + Settling the coffee versus tea debate, once and for all                        <\/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 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/10\/09\/employment-is-shifting-more-towards-skills-based-recruitment-settling-the-coffee-versus-tea-debate-once-and-for-all\/\">\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=Employment is shifting more towards skills-based recruitment + Settling the coffee versus tea debate, once and for all&url=https:\/\/enterpriseam.com\/egypt\/2022\/10\/09\/employment-is-shifting-more-towards-skills-based-recruitment-settling-the-coffee-versus-tea-debate-once-and-for-all\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n   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href=\"https:\/\/api.whatsapp.com\/send?text=Employment+is+shifting+more+towards+skills-based+recruitment+%2B+Settling+the+coffee+versus+tea+debate%2C+once+and+for+all+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F10%2F09%2Femployment-is-shifting-more-towards-skills-based-recruitment-settling-the-coffee-versus-tea-debate-once-and-for-all%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\/09\/employment-is-shifting-more-towards-skills-based-recruitment-settling-the-coffee-versus-tea-debate-once-and-for-all\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/422.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"552896\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/09\/employment-is-shifting-more-towards-skills-based-recruitment-settling-the-coffee-versus-tea-debate-once-and-for-all\/422-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/422.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"422.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/422.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/422.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552895\" class=\"content-area-description single-story post-552895 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-enterprisepm tag-food-and-beverage tag-for-your-commute tag-labor tag-lifestyle 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>You need to up your (skills) game<\/strong>: The job market of tomorrow is expected to take a more skills-based approach as the changing nature of business and technology drives a shift in the professional skills needed to keep up, <a href=\"https:\/\/www.ft.com\/content\/7af07212-3d66-4ac7-b9f3-2e5ef3341369\">the Financial Times<\/a> reports. This changing landscape pushed up the number of recruiters using skills data to fill positions 20% y-o-y, citing data from LinkedIn. Some 1 bn people need to be trained in new skills by 2030, the World Economic Forum (WEF) says, with demand equally high on both new tech-focused skills, like AI and cloud computing, and soft skills, like collaboration and team building. The change in employment dynamics is already evident as LinkedIn data shows job skills are set to change by 50% by 2027 as hiring grows more dependent on skills.<\/p>\n<p><strong>Yet, some companies are not able to catch up with the trend.<\/strong> A Harvard Business School <a href=\"https:\/\/www.hbs.edu\/managing-the-future-of-work\/Documents\/research\/hiddenworkers09032021.pdf\">study<\/a><a href=\"https:\/\/www.hbs.edu\/managing-the-future-of-work\/Documents\/research\/hiddenworkers09032021.pdf\">(pdf)<\/a> shows 80% of business heads saying that their applicant-tracking systems are separating highly-skilled employees due to gaps related to their employment history. \u201cThe job market works a lot better if you went to the right school and had a certain job title from a brand name company,\u201d a product manager at LinkedIn said. This is pushing LinkedIn to build tools to allow companies to seek candidates based on their skills. Putting proficiency first over a somewhat perfect CV in terms of job experience and education would help with easing a tight job market. It would shed the focus on the job seekers\u2019 demonstration of their capabilities and how far they fit to the job requirements.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Coffee v Tea: Which is healthier?<\/strong> While there are different health benefits associated with drinking coffee or tea regularly, each of the two beverages have their own set of pros and cons. When it comes to fiber content, for example, coffee comes out on top, with between 1.1 and 1.8 grams of fiber per cup, according to <a href=\"https:\/\/pubmed.ncbi.nlm.nih.gov\/17295507\/\">a study<\/a> from Spain\u2019s Instituto del Fr\u00edo. Drinking either can help you concentrate, but a <a href=\"https:\/\/pubmed.ncbi.nlm.nih.gov\/10823400\/\">University of Surrey study<\/a> comparing the effects of drinking four cups of coffee to drinking four cups of tea, found that tea is less likely to disrupt your sleep, due to a lower caffeine content.<\/p>\n<p><strong>Gut health: <\/strong>When it comes to gut health, both are good sources of polyphenols, but coffee takes the cake due to its higher concentration of the plant compounds that have been linked to many health benefits. Green tea also has more polyphenols than black tea.<\/p>\n<p><strong>Popularity contest: El Shay is king. <\/strong>\u201cIt\u2019s been estimated that the world drinks three cups of tea for every cup of coffee. And tea is the second most popular beverage in the world. The first is water,\u201d the <a href=\"https:\/\/www.washingtonpost.com\/wellness\/interactive\/2022\/coffee-vs-tea-nutrition-health\/?itid=hp-top-table-main-t-6\">Washington Post<\/a>says.<\/p>\n<p><strong>Lowering risk for disease: <\/strong>Both drinks lower risk for heart disease and stroke, according to large population studies, but those studies are not conclusive. Other, still inconclusive, studies have shown that drinking coffee can provide some protection against several cancers. No studies have found a link between drinking tea and preventing cancer, but it is important to note that a lot more studies have been conducted on the health benefits of coffee than tea, according to a professor of medicine at Harvard Medical School.<\/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\/food-and-beverage\/\">food and beverage<\/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\/labor\/\">labor<\/a>\n                <!-- <span 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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-0fsmuak\" data-v=\"4\" data-block-id=\"0fsmuak\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0fsmuak-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0fsmuak-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\" 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data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/423.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/423.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552898\" class=\"content-area-description single-story post-552898 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight 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>Romance, politics, and powerful performances make <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81222923\">The Empress<\/a><\/strong> <strong>a must-watch: <\/strong>Be still, our royal-drama-obsessed hearts, there\u2019s a new period drama topping the Netflix charts. Unless you\u2019re a serious European history buff, you probably don\u2019t know much about Elisabeth Amalie Eugenie, an Austrian Duchess in the mid-nineteenth century. The new series based on her life makes it clear right away that she was an unconventional monarch, and we\u2019re here for it. The Empress is a coming-of-age romance story at its core, but it\u2019s also filled with political intrigue and the rumbles of a growing rebellion as evidenced in the first episode. Florian Cossen and Katrin Gebbe shape Elisabeth's life with deft grace, emphasizing the naivety that comes with being 16 years old while also carefully presenting the small horrors in her life. The Empress, like most costume dramas, is slow moving and takes its time developing but quickly hooks you with a compelling plot and intriguing possibilities.<\/p>\n<p><strong>Ditch the dubs, watch in Deutsch:<\/strong> We recommend watching the show in its original German with subtitles if you\u2019re able to. The cast delivers stellar performances in their native tongue with a far superior delivery to English dubbing. If you\u2019re a fan of <a href=\"https:\/\/www.netflix.com\/title\/80025678\">The Crown<\/a>, <a href=\"https:\/\/www.netflix.com\/title\/80232398\">Bridgerton<\/a>, and the political maneuvering of <a href=\"https:\/\/www.hbo.com\/game-of-thrones\">Game of Thrones<\/a>, add The Empress to your stream list. The first season\u2019s six episodes are available to watch on Netflix (<a href=\"https:\/\/www.youtube.com\/watch?v=KfySe96FPr8\">watch trailer, runtime 1:58<\/a>).<\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"552904\" 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=\"552904\">\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\/09\/what-the-markets-are-doing-on-9-october-2022\/\">\r\n                            What the markets are doing on 9 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\/09\/what-the-markets-are-doing-on-9-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(); 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Regional investors were net buyers. The index is down 16.8% YTD.<\/p>\n<p><strong>In the green: <\/strong>Alexandria Containers and Goods (+3.5%), Rameda Pharma (+3.0%) and Qalaa Holding (+2.0%).<\/p>\n<p><strong>In the red: <\/strong>Madinet Nasr for Housing and Development (-2.7%), Fawry (-2.5%) and Heliopolis Housing and Development (-2.4%).<\/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=\"552905\">\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\/nutritional-supplements-producers-are-up-for-a-big-shift-as-they-grapple-with-new-regulator\/\">  \r\n                            Nutritional supplements producers are up for a big shift as they grapple with new regulator<\/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\/nutritional-supplements-producers-are-up-for-a-big-shift-as-they-grapple-with-new-regulator\/\" 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\/nutritional-supplements-producers-are-up-for-a-big-shift-as-they-grapple-with-new-regulator\/')\">\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\/nutritional-supplements-producers-are-up-for-a-big-shift-as-they-grapple-with-new-regulator\/\">\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=Nutritional supplements producers are up for a big shift as they grapple with new regulator&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/nutritional-supplements-producers-are-up-for-a-big-shift-as-they-grapple-with-new-regulator\/\">\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\/nutritional-supplements-producers-are-up-for-a-big-shift-as-they-grapple-with-new-regulator\/&title=Nutritional supplements producers are up for a big shift as they grapple with new regulator\">\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=Nutritional+supplements+producers+are+up+for+a+big+shift+as+they+grapple+with+new+regulator+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Fnutritional-supplements-producers-are-up-for-a-big-shift-as-they-grapple-with-new-regulator%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\/nutritional-supplements-producers-are-up-for-a-big-shift-as-they-grapple-with-new-regulator\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/424.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=\"552906\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/nutritional-supplements-producers-are-up-for-a-big-shift-as-they-grapple-with-new-regulator\/424-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/424.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"424.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/424.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/424.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-552905\" class=\"content-area-description post-552905 inside_industry type-inside_industry status-publish has-post-thumbnail hentry tag-egyptian-drug-authority tag-enterprise-inside-industry tag-enterprisepm tag-food-safety-authority tag-pharma tag-regulation 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>Our nutritional supplements sector is seeing a regulatory shake up: <\/strong>Over the past few weeks nutritional supplements producers have been left in a tailspin after the regulatory landscape of their industry has shifted. The Egyptian Drug Authority (EDA) now has greater industry oversight following a decision <a href=\"https:\/\/bit.ly\/3SDYAdN\">last month<\/a>that has, among many other things, designated nutritional supplements as pharma products, which puts them under the purview of a new wing of the EDA, industry sources tell us. The shakeup has seen producers up in arms over the new changes which some say could seriously damage the nascent local industry.<\/p>\n<p><strong>The Food Safety Authority (FSA) had been responsible for keeping tabs on nutritional supplements producers<\/strong> and the licensing of their products since its founding back in 2018, Blue Bird Health Chair Esraa Shakweer told Enterprise. An agreement between the FSA and the EDA had at the time permitted supplements to be manufactured in pharma facilities and allowed their sale in pharmacies.<\/p>\n<p><strong>We\u2019re talking about some 3k companies here.<\/strong> Currently, we have about 3.2k nutritional supplements companies in Egypt manufacturing some 4.5 unique products. Some 85% of these products are coming out of pharma factories, while the remaining 15% are being manufactured in independent facilities. There used to be some level of an informal economy churning out supplements too, but since the FSA came on the scene that is no longer the case, Mohamed Anwar, chairman of the board of directors at nutritional supplements company Organix, tells us.<\/p>\n<p><strong>The problem comes down to a question of how nutritional supplements are defined: <\/strong>The FSA indicated in its statement that the EDA will bar the licensing of \u201ccomplementary medicinal preparations\u201d before being put through clinical trials and a thorough evaluation that ensures the safety of a pharmaceutical product before it hits the market. However, the definition mentioned in the EDA\u2019s decision does not specify the difference between a nutritional supplement and a so-called complementary medicinal preparation, which is a major point of contention for industry insiders.<\/p>\n<p><strong>Industry players are now both confused and frustrated by the changing of the guard: <\/strong>\u201cAfter some 3.4 k companies applied to register over 4k nutritional supplements and submitted over 10k safety evaluation requests with the FSA, the EDA has demanded full control over the industry and requested that these companies revisit their legal standing,\u201d Shakweer tells us. \u201cPart of what we understand from the decision is that it nullifies existing licenses for the production and distribution of nutritional supplements issued by the FSA and instead requires companies to obtain new licenses from the EDA,\u201d Anwar says.<\/p>\n<p><strong>The transition is expected to be costly for producers: <\/strong>Companies that aren\u2019t able to reconcile their legal status with the new regulator will be required to pull their products from pharmacy shelves in about six months\u2019 time, Shakweer explains. To register their products with the EDA, manufacturers could be looking at some EGP 250k in licensing fees \u2014 a much larger sum compared to the some EGP 12k it previously required to obtain licensing from the FSA, Anwar tells us. This could undermine planned investments in the sector, which have already cost mns to meet FSA requirements, Anwar added.<\/p>\n<p><strong>This could spell trouble for our local supplement industry \u2014 and could give imports a leg up: <\/strong>Several manufacturers Enterprise spoke to have shared a concern that this disruption could undermine exports of Egyptian nutritional products. Plans to localize the industry are \u201cthreatened\u201d by the decision and could upend the \u201cglobally recognized\u201d label for nutritional supplements manufacturers have been using since 2018, explains Ali Auf, head of the Federation of Egyptian Chambers of Commerce\u2019s pharma division. Purely on technical grounds, upending the use of existing barcodes and customs codes would be damaging to manufacturers\u2019 current export arrangements. The changing regulatory landscape could also lead to an influx of imported nutritional supplements flooding the local market, Anwar said.<\/p>\n<p><strong>We could be talking about USD 100 mn in exports held up by the decision: <\/strong>Exports and registration figures indicate that Egyptian supplement companies have been on the up and up in the past few years. \u201cThe sector\u2019s export volumes last year reached USD 100 mn, 50% of which are geared towards Gulf countries and 10% are heading to Europe. This is significant compared to the volume of local medicine exports, which do not exceed USD 400 mn,\u201d Anwar said. It\u2019s still unclear, however, if the EDA will put a hold on supplement imports.<\/p>\n<p><strong>Legal action is already in the works: <\/strong>Some 300 factories have already appealed the decision with Maglis El Dawla on the grounds of inadequate jurisdiction. The producers argue that the decision \u201ccontradicts the text of the Food Safety Authority Law and its executive regulations and revokes its powers.\u201d The FSA is better equipped to regulate these businesses, says Anwar, who is demanding that the decision to transfer oversight to the EDA be reversed and points to export growth in the wake of the FSA\u2019s establishment as evidence of its efficacy.<\/p>\n<p><strong>And the FSA is also pushing back against the decision:<\/strong> The FSA has already <a href=\"https:\/\/ent.news\/2022\/10\/food-safety-authority-customs.jpg\">sent a letter<\/a> to the Customs Authority notifying it that it is responsible for the sector\u2019s exports, imports, and raw materials. In <a href=\"https:\/\/www.mena.org.eg\/news\/dbcall\/table\/textnews\/id\/9775378\">a statement<\/a> issued in response to the EDA\u2019s decision, the regulatory body outlined its mandate as pertaining to \u201cnutritional supplements, which are defined as food products for the purpose of supplementing regular food intake, containing concentrated sources \u2026 and are consumed in particular quantities, yet are not in the form of traditional food.\u201d<\/p>\n<p><strong>\u201cIt\u2019s illogical for nutritional supplements to be sold as medicine and not be subject to the control of the EDA,\u201d<\/strong> EDA spokesperson Hamada El Sherif told Enterprise. El Sherif said that complementary medical preparations contain a group of pharmacologically active substances that need to be submitted to the EDA for review. Even herbal treatments need to be registered with the FSA as a kind of supplementary treatment, El Sherif says. Nutritional supplements vary in the concentration of nutrients contained within them and are administered under medical supervision, El Sherif also told us.<\/p>\n<p><strong>A larger, more concentrated oversight mechanism in the works? <\/strong>The new licensing requirements on so-called supplementary medical products come in light of the authority\u2019s drive to enforce a broad regulatory system on all pharma products, El Sherif says. The decision is nothing more than a regulatory restructuring, he maintained.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top industrial development stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Egypt<\/strong> has <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de8fdcad-8155-4cce-a145-6c7c75d378a0\">extended its ban<\/a><\/strong>on<strong> exports<\/strong> of<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88f99c3e-0a2f-4d36-aee5-8a9641e100b9\">salvaged and scrap metals<\/a> for another six months to help <strong>manufacturers<\/strong> cope with price hikes and shortages of <strong>raw materials<\/strong>.<\/li>\n<li><strong>Manufacturers<\/strong> are expected to get a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7c0593aa-c306-4a59-8603-b4f55bb9a0b1\">\u201cclear\u201d strategy<\/a> on how the government plans to shore up <strong>local industry<\/strong> at the upcoming economic conference.<\/li>\n<li>Several key <strong>ministers<\/strong> will appear before the<strong> House Industry Committee<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/925417af-adff-43a8-b6cd-b57345438284\">this week<\/a> to discuss the pileup of goods at ports and the availability of FX.<\/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\/egyptian-drug-authority\/\">Egyptian Drug Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-safety-authority\/\">food safety authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/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=\"552907\" 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\/09\/552907\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-552907\" class=\"content-area-description single-story post-552907 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>SEPTEMBER<\/strong><\/p>\n<p>27 September-27 October (Tuesday-Thursday): The Egyptian Museum and 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&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>10 October (Monday): The <a href=\"https:\/\/ceo-women.com\/\">CEO Women<\/a> Conference.<\/p>\n<p>10 October (Monday): Lynx Strategic Business Advisors <a href=\"https:\/\/us06web.zoom.us\/webinar\/register\/WN_OSp-1blBSKaJ5oNRzhdVZw\">webinar<\/a> assessing Egypt\u2019s Advanced Cargo Information System one year after its implementation.<\/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 \u200b\u200bOctober (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 - 1 November (Sunday - 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>30 January-1 February (Monday-Wednesday): CI Capital\u2019s Annual MENA Investor Conference 2023, Cairo, Egypt.<\/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\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":552892,"template":"","categories":[],"tags":[],"class_list":["post-552891","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"af1abaea-78d9-429a-b152-04bb4590501f","teaser":"","photo_url":"https:\/\/ent.news\/2022\/10\/55.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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