{"id":553036,"date":"2022-10-17T13:25:38","date_gmt":"2022-10-17T13:25:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=553036"},"modified":"2025-12-15T23:58:52","modified_gmt":"2025-12-15T23:58:52","slug":"make-veggies-your-stress-cravings","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/make-veggies-your-stress-cravings\/","title":{"rendered":"Make veggies your stress cravings"},"content":{"rendered":"<section id=\"553038\" 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=\"553038\">\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\/17\/this-evening-govt-reintroduces-unsubsidized-bread-price-caps-were-missing-out-on-another-usd-75-mn-in-military-aid-from-washington\/\">\r\n                            THIS EVENING: Gov\u2019t reintroduces unsubsidized bread price caps + We\u2019re missing out on another USD 75 mn in military aid from Washington                        <\/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\/17\/this-evening-govt-reintroduces-unsubsidized-bread-price-caps-were-missing-out-on-another-usd-75-mn-in-military-aid-from-washington\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The decision sets a higher price ceiling than the one <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14d38998-c17f-4e56-b6e5-ddb78d1e04f9\">first introduced in March<\/a>. A 75-gram loaf of baladi bread will now sell at EGP 1. Prices for fino bread are now set between EGP 0.75 and EGP 1.00 for loaves weighing 40-60 grams, according to the decision. Egypt first set a price cap for unsubsidized bread in March for three months in a bid to hold down local prices amid surging global inflation on the back of the crisis in Ukraine. The decision will come into effect once it\u2019s published in the Official Gazette.<\/p>\n<p><strong>#2- Washington blocks another USD 75 mn in military aid:<\/strong> We won\u2019t be receiving another USD 75 mn of military aid from the US after Democratic Senator Patrick Leahy blocked the aid\u2019s disbursal, citing human rights concerns, <a href=\"https:\/\/www.reuters.com\/world\/africa\/senator-blocks-75-million-us-military-aid-egypt-over-rights-concerns-2022-10-17\/\">Reuters<\/a> reports. Leahy, who heads the Senate Appropriations Committee, rejected an assessment by the State Department that the aid should be sent to Egypt in exchange for progress on releasing political detainees. Washington typically earmarks sp,e USD 1.3 bn in annual military aid for Egypt. The State Department <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79ce7f1b-589c-431f-9ed7-47f9a283f787\">withheld<\/a> USD 130 mn of military aid in September over human rights concerns.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>UK hits CTRL-Z on tax plans to restore investor confidence + calm the markets:<\/strong> Newly-appointed UK Chancellor Jeremy Hunt is reversing the vast majority of his predecessor\u2019s proposed tax cuts and cutting energy subsidies, as the country looks to stymie a meltdown in its markets and currency. The announcement led to a market rally and a jump in the GBP against the USD. The story is on the front pages of the <a href=\"https:\/\/www.ft.com\/content\/d4f8b0c9-1c45-464b-b7d1-c1c2d37311e6\">Financial Times<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/uk\/new-uk-finance-minister-faces-market-verdict-after-gutting-trusss-plans-2022-10-16\/\">Reuters<\/a>, <a href=\"https:\/\/www.cnbc.com\/2022\/10\/17\/uks-new-finance-minister-sets-out-.html\">CNBC<\/a>, and the <a href=\"https:\/\/www.wsj.com\/articles\/new-u-k-chancellor-to-release-new-public-spending-tax-policies-11665987080?mod=hp_lead_pos1\">Wall Street Journal<\/a>.<\/p>\n<p><strong>HAPPENING NOW- <\/strong><\/p>\n<p><strong>EGX boss Rami El Dokany is currently heading to the UAE to kick off a roadshow <\/strong><strong> in Dubai and Abu Dhabi<\/strong> <strong>aimed<\/strong><strong> at drumming up interest in EGX-listed companies<\/strong>, an EGX source told Enterprise. The bourse has tapped Al Ahly Pharos to help manage the roadshow, which is set to see El Dokany meet with as many as 100 regional and international financial institutions, the source said.<\/p>\n<p><strong>Supreme Council for Vehicle Manufacturing gets preliminary House nod:<\/strong> The House of Representatives\u2019 general assembly gave preliminary approval to a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d8c44e38-2cea-4dc5-ba60-de5aac32a3fa\">draft bill<\/a> that would establish the Supreme Council for Vehicle Manufacturing, which would act as a regulatory body setting policies for EV assembly in Egypt, <a href=\"https:\/\/bit.ly\/3geiFsM\">Al Mal<\/a> reports. The draft bill would, if passed, also set up a new EV finance fund in a bid to localize the industry.<\/p>\n<p><strong>House speaker invites CBE, AgriMin to discuss poultry feed crisis:<\/strong> House Speaker Hanafi Gebali invited representatives from the Central Bank of Egypt, Agriculture Ministry, and other relevant ministries to attend a House Agriculture Committee meeting tomorrow on the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5d947a6-d0f2-44a9-a507-772d4e8e4b4d\">poultry feed shortage<\/a>, according to <a href=\"https:\/\/bit.ly\/3MAk8Wu\">Al Mal<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Student lifeline Selah El Telmeez is going to have a new majority owner:<\/strong> EFG Hermes and the Sovereign Fund of Egypt\u2019s education management firm Egypt Education Platform has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cbffe088-9875-4d21-8fcf-c61e545f9c53\">inked an agreement<\/a> to acquire an undisclosed majority stake in education platform Selah El Telmeez.<\/li>\n<li><strong>Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians living abroad to buy new cars<\/strong> in exchange for hard currency, Finance Minister <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30f774c7-53ed-44fb-b8cc-2cbd3b37fa9e\">Mohamed Maait said<\/a>.<\/li>\n<li><strong>The House yesterday <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5d947a6-d0f2-44a9-a507-772d4e8e4b4d\">approved in principle<\/a><\/strong><strong> amendments to the Agriculture Act<\/strong> that would introduce harsher penalties for illegally building on agricultural land.<\/li>\n<\/ul>\n<p><strong>***<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.surveymonkey.com\/r\/9VF6H6Y\">Take our EV survey:<\/a><\/strong> Are you an ex-petrolhead shopping around for your first electric vehicle? EV-curious and wondering what all the fuss is about? Or are you not ready to say goodbye to that sweet smell of benzene as you wait at the gas station?<\/p>\n<p><strong>We want to hear from you:<\/strong> We\u2019re taking the pulse on how the nation feels about Egypt\u2019s nascent EV transition. Take a few minutes to fill out <a href=\"https:\/\/www.surveymonkey.com\/r\/9VF6H6Y\">our short survey<\/a>. We\u2019ll be back soon with the results.<\/p>\n<p>***<\/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><img decoding=\"async\" draggable=\"false\" role=\"img\" class=\"emoji\" alt=\"?\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f5d3.svg\"> CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The Suez Canal Economic Zone (SCZone) will launch a promotional campaign ahead of <\/strong><strong>COP27<\/strong> on potential investments in the zone next week, SCZone head Walid Gamal El Din said, according to a<a href=\"https:\/\/bit.ly\/3T5CAsr\">statement<\/a>. The campaign will be launched domestically next Sunday, 23 October, before the international campaign kicks off on Monday, 24 October.<\/p>\n<p><strong>The Madbouly government\u2019s economic conference <\/strong>takes place Sunday-Tuesday next week. We\u2019re hoping for more details in the coming days.<\/p>\n<p><strong>Egypt and the UAE will host a two-day conference marking 50 years of bilateral ties. <\/strong>The gathering will take place next Wednesday-Friday, 26-28 October and is being produced in association with the two governments.<\/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>Part of our monorail will be launched during COP27<\/strong>, the cabinet said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0LjfNd3okro32YB8WvCxfSc9EpHijNgzvYoHui8fzGGcmoecuC3dwhhq4amthEGXZl\">statement<\/a>. Once completed, the project will span 22 stations over 56.5 km with 40 trains transporting people across Cairo. The Madbouly government plans to inaugurate the eastern segment of the monorail from the New Administrative Capital to Nasr City in time for COP27. The USD 4.5 bn project is <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/06\/egypt-signs-usd-4-5-bn-agreement-for-monorails-to-giza-and-new-capital\/\">designed, built<\/a>, supplied and operated by a consortium of <a href=\"https:\/\/www.alstom.com\/\">Alstom<\/a>, <a href=\"https:\/\/orascom.com\/\">Orascom Construction<\/a> and <a href=\"https:\/\/www.arabcont.com\/english\/\">Arab Contractors<\/a>.<\/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>We\u2019re in for another pleasantly sunny day here in the capital city. Our favorite weather app tells us to expect a daytime high of 29\u00b0C before the mercury drops to 19\u00b0C in the evening.<\/p>\n<p><em>EDITOR\u2019S NOTE: This story was amended&nbsp; on 18 October, 2022, to reflect that price caps on unsubsidized bread are only applicable to private bakeries that purchase flour from state grain buyer GASC.&nbsp;<\/em><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rami-el-dokany\/\">Rami El Dokany<\/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=\"553039\" 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=\"553039\">\r\n            \r\n            <div 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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=\"553040\">\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\/17\/rewire-your-brain-to-crave-healthier-foods-in-times-of-stress-researchers-make-progress-on-treating-psychiatric-diseases-with-brain-tissue-implants\/\">\r\n                            Rewire your brain to crave healthier foods in times of stress + Researchers make progress on treating psychiatric diseases with brain tissue implants                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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     <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/rewire-your-brain-to-crave-healthier-foods-in-times-of-stress-researchers-make-progress-on-treating-psychiatric-diseases-with-brain-tissue-implants\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/462.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553041\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/rewire-your-brain-to-crave-healthier-foods-in-times-of-stress-researchers-make-progress-on-treating-psychiatric-diseases-with-brain-tissue-implants\/462-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/462.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"462.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/462.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/462.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553040\" class=\"content-area-description single-story post-553040 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-enterprisepm tag-food tag-for-your-commute tag-science 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>Always reaching for the junk and sweets when you\u2019re stressed? <\/strong>You can train your brain to crave healthy food during peak stress periods, according to <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC8580215\/\">research<\/a> from the University of Chicago and the University of California picked up by <a href=\"https:\/\/www.washingtonpost.com\/wellness\/2022\/10\/11\/anxiety-stress-eating-comfort-foods\/\">the Washington Post<\/a>. Even though consuming junk food and higher amounts of calories alleviates stress and triggers dopamine, the pleasure hormone, scientists have found that you can trick your brain into seeking the same type of comfort from fruit and other healthier options.<\/p>\n<p><strong>Bye bag of chips, hello celery for stress relief: <\/strong>Participants of the study were trained to perform <a href=\"https:\/\/www.youtube.com\/watch?v=1nZEdqcGVzo\">progressive muscle relaxation<\/a>, a short daily stress reduction exercise which involves tensing and relaxing muscles from toes to head, and they were instructed to eat fresh fruit about five minutes into the relaxation sessions. By pairing the fruit with a relaxation exercise, the participants\u2019 brains made an association and started seeing the fruit as something that reduced their stress levels which essentially turned it into a comfort food. After one week of carrying out the exercise and fruit eating, researchers found that consuming the fruit made the participants feel less stressed and in a better mood.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Successful implantation of human brain tissue into newborn rats could pave the way to<\/strong><strong> treating psychiatric diseases<\/strong>, according to <a href=\"https:\/\/www.nature.com\/articles\/s41586-022-05277-w\">research<\/a> from Stanford University. The research team implanted the human brain organoids (referred to sometimes as \u201cmini-brains\u201d) in newborn rats with no immune system to bypass tissue rejection in a bid to better understand psychiatric diseases at the biological level, <a href=\"https:\/\/www.ft.com\/content\/665f5696-22a0-4f7b-b24c-e6384ece81c7\">the Financial Times<\/a> reports<\/p>\n<p><strong>The organoids implanted into the rats were created from individuals with Timothy syndrome<\/strong>, a rare genetic disorder linked to autism and epilepsy. Researchers found that when a Timothy organoid was implanted into one hemisphere of a rat brain and a healthy person's organoid into the other, the Timothy organoid developed much smaller neurons with far fewer connections to neighboring cells.The experiments were the most successful efforts to date to get human neurons to function within the brains of animals, following more than 20 years of research around the world.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food\/\">food<\/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           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data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/463.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553043\" class=\"content-area-description single-story post-553043 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-05\"><\/a> <strong>Six decades of iconic James Bond music: <\/strong>Amazon Prime\u2019s <a href=\"https:\/\/www.amazon.com\/Sound-007-Mat-Whitecross\/dp\/B0B8L83SWF\">Sound of 007<\/a>, is a 90-minute documentary that charts the 60 year history the James Bond series \u2014 from Sean Connery\u2019s Dr No to Daniel Craig\u2019s No Time to die \u2014 which has given us some of the most iconic soundtracks and arguably the most recognizable movie theme song. The documentary kicks off by delving into the creation of the Bond theme by Monty Norman and its arrangement by John Barry, who went on to compose eleven Bond films\u2019 scores. Directed by Mat Whitecross, the documentary goes on to show the creative process behind the 25 movies\u2019 themes, which were performed by megastars including Paul McCartney, Billie Eilish, Tom Jones, and Madonna, using film and recording studio footage and new and archival interviews with actors, composers and others involved in the process.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"553048\" 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=\"553048\">\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\/17\/what-the-markets-are-doing-on-17-october-2022\/\">\r\n                            What the markets are doing on 17 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\/17\/what-the-markets-are-doing-on-17-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\/17\/what-the-markets-are-doing-on-17-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\/17\/what-the-markets-are-doing-on-17-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 17 October, 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/what-the-markets-are-doing-on-17-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\/17\/what-the-markets-are-doing-on-17-october-2022\/&title=What the markets are doing on 17 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+17+October%2C+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F10%2F17%2Fwhat-the-markets-are-doing-on-17-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\/17\/what-the-markets-are-doing-on-17-october-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553048\" class=\"content-area-description single-story post-553048 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 rose 1.0% at today\u2019s close<\/strong> on turnover of EGP 1.33 bn (26.4% above the 90-day average). Local investors were net buyers. The index is down 15.1% YTD.<\/p>\n<p><strong>In the green: <\/strong>Telecom Egypt (+6.1%), e-Finance (+5.5%) and GB Auto (+4.6%).<\/p>\n<p><strong>In the red: <\/strong>CIB (-1.0%), CIRA (-0.8%) and Oriental Weavers (-0.7%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"553049\" 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=\"553049\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT\u2019S NEXT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/how-our-grocery-shopping-and-cooking-behaviors-have-shifted-thanks-to-social-media-and-online-grocery-delivery\/\">\r\n                            How our grocery shopping and cooking behaviors have shifted thanks to social media and online grocery delivery                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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                   <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/464.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553050\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/how-our-grocery-shopping-and-cooking-behaviors-have-shifted-thanks-to-social-media-and-online-grocery-delivery\/464-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/464.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"464.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/464.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/464.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553049\" class=\"content-area-description single-story post-553049 post type-post status-publish format-standard has-post-thumbnail hentry category-whats-next-2 tag-e-commerce tag-enterprisepm tag-fmcg tag-startups tag-whats-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Online grocery delivery apps and social media are changing the ways people approach<\/strong><strong> cooking and shopping for food. <\/strong>With the introduction of nationwide lockdowns, covid-19 spurred a boom in the online grocery delivery trend, but also shifted where people look for recipes, pushing more novice cooks to turn to social media platforms for ideas on what to cook and eat. \u201cSocial media has become the dominant channel for inspiring cooking \u2014 and, hence, for inspiring grocery shopping,\u201d Anuraag Nallapti, COO of recipe and grocery shopping platform Jupiter writes for a <a href=\"https:\/\/www.forbes.com\/sites\/forbestechcouncil\/2022\/10\/06\/how-the-combination-of-social-media-and-online-delivery-is-shaping-the-future-of-food\/?sh=781464fd7848\" style=\"color: rgb(252, 118, 1);\">Forbes<\/a>Technology Council piece.<\/p>\n<p><strong>Gen-Zers turn to TikTok to make dining decisions:<\/strong> More than half (53%) of Gen Z respondents in Cassandra\u2019s Young & Hungry macrotrend report find their inspiration for new foods on TikTok, <a href=\"https:\/\/progressivegrocer.com\/how-gen-z-and-tiktok-are-shaping-food-trends\" style=\"color: rgb(252, 118, 1);\">Progressive Grocer<\/a> reports. The report spoke to a sample of more than 1,500 consumers in the US and the UK aged 14 to 34 on how they go about deciding what to eat and drink. TikTok food trends, which often carry over to other social media platforms as well, can lead to quantifiable sales increases for certain products \u2014 as was demonstrated when a viral pasta recipe caused feta sales to shoot up 117%, <a href=\"https:\/\/www.forbes.com\/sites\/forbestechcouncil\/2022\/10\/06\/how-the-combination-of-social-media-and-online-delivery-is-shaping-the-future-of-food\/?sh=781464fd7848\" style=\"color: rgb(252, 118, 1);\">Forbes<\/a> reports. In 2021, 44% of Americans attempted to replicate a social media food trend, according to an <a href=\"https:\/\/www.instacart.com\/company\/updates\/2021-year-in-groceries\/\" style=\"color: rgb(252, 118, 1);\">Instacart<\/a> survey of more than 2k adults in the US, conducted online by The Harris Poll. Additionally, 36% of Americans said social media has altered the way they go about cooking at home.<\/p>\n<p><strong>Pandemic lockdowns accelerated the online grocery delivery trend: <\/strong>Delivery orders increased by about 50% during the pandemic and are expected to continue their upward trend in 2022, according to a <a href=\"https:\/\/www.mckinsey.com\/industries\/retail\/our-insights\/the-next-horizon-for-grocery-ecommerce-beyond-the-pandemic-bump\" style=\"color: rgb(252, 118, 1);\">McKinsey report<\/a>on e-commerce trends in North American grocery. Pandemic lockdowns gave the industry a clear glimpse of what happens when foot traffic at stores drops to a tiny fraction of its usual figure and also gave customers time to get accustomed to having their groceries delivered. The online delivery space in Egypt has also burgeoned in the last few years with different types of players in the space.<\/p>\n<p><strong>Egypt\u2019s online grocery delivery space has also been booming \u2014 both from startups and from established chains: <\/strong>Large grocery stores and chains, such as Carrefour and Gourmet, have built digital storefronts or invested in optimizing their existing ones. (Gourmet CEO Jalal Abu Ghazaleh spoke to us in the <a href=\"https:\/\/enterprise.press\/podcasts\/back-brink-gourmet-egypt-survived-float-egp\/\" style=\"color: rgb(252, 118, 1);\">first episode of our podcast, Making It<\/a>, about the grocery store\u2019s transformation into an e-commerce pioneer). Gourmet also publishes on its app and in a magazine some recipes using in-store products. These bigger stores and chains had to innovate to better be able to compete with the myriad of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/decbfd0a-1a16-44dd-b2b4-f31b83f1da48\" style=\"color: rgb(252, 118, 1);\">online delivery apps<\/a> that exist in Egypt, including ultra-fast grocery delivery startup <a href=\"https:\/\/www.rabbitmart.com\/\" style=\"color: rgb(252, 118, 1);\">Rabbit<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/085710b0-3a7a-4cde-a273-471da81720b0\" style=\"color: rgb(252, 118, 1);\">Breadfast<\/a> \u2014 which raised USD 26 mn in series A round last year \u2014 and <a href=\"https:\/\/www.talabat.com\/egypt\/tmart-new-maadi--taqseem-laselky?gclid=Cj0KCQjw166aBhDEARIsAMEyZh6cdSyoMvvlatveIAlmPhU-rHw0pwsVVi600-RqamHrw2i_nca10bEaAommEALw_wcB\" style=\"color: rgb(252, 118, 1);\">Talabat Mart<\/a>. Other types of delivery apps have emerged on the scene as well: UAE-based <a href=\"https:\/\/instashop.com\/home\/en-eg\/?gclid=Cj0KCQjw166aBhDEARIsAMEyZh6zd-yfAwvImofJdsFOCUNO_SzFj6LbtQVIHeOk5ic5bUOBqYbohi0aAra1EALw_wcB\" style=\"color: rgb(252, 118, 1);\">Instashop<\/a> also operates in Egypt and unlike most other delivery apps does not operate fulfillment centers (dark stores) but rather connects users to their local neighborhood stores.<\/p>\n<p><strong>How is the industry affected? <\/strong>These two trends have resulted in critical advertising money from FMCG players being redirected away from physical stores towards social media and online delivery platforms, Nallapti writes. Many physical stores do not have the necessary capital needed to build competitive digital storefronts which has put pressure on their bottom lines, while larger stores that do have developed online websites or apps. FMCGs that typically relied on customers purchasing their products in stores and spent large sums of advertising money for optimal product placement and ads in physical stores have shifted gears. Instacart's ad revenue is expected to be USD 795 mn in 2022. With footfall in stores dropping and the source of inspiration for buying food shifting to social media, FMCGs are shifting their advertising USDs to social media and online delivery platforms that offer several ad options.<\/p>\n<p><strong>FMCGs in Egypt have taken note of the trends:<\/strong> \u201cWe\u2019re placing a greater focus on the online delivery space, which is growing rapidly,\u201d Juhayna Marketing Director Amr Bishara told Enterprise. \u201cWe\u2019ve majorly upped our advertising spending on e-commerce platforms to grow our market share in online retail channels. We\u2019ve witnessed an increase in the number of people within our target segments utilizing online delivery apps over the past couple of years, especially the younger cohort,\u201d he explained.<\/p>\n<p><strong>Looking forward:<\/strong> Nallapati believes that many grocery stores will be unable to build online stores and will die out, resulting in fewer traditional grocery shops existing in the future. He also anticipates that a greater percentage of grocery orders will be delivered instead, Nallapti says.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fmcg\/\">FMCG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/whats-next\/\">WHAT\u2019S NEXT<\/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=\"553051\" 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\/17\/553051\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553051\" class=\"content-area-description single-story post-553051 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>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>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>26-28 October (Wednesday-Friday): Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0LXkrA1yvJmfVxBuUF9fA94GeAoPkbWA44cRRaWhJEzcu69p5eGocBaQXqeH6AmaEl\">celebrates 50 years of ties<\/a> with the UAE.<\/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 Center (EIEC), 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>27 - 28 November (Thursday-Friday): The first edition of the <a href=\"https:\/\/twitter.com\/Extranewstv\/status\/1579478836366176256\">Egypt Media Forum<\/a>.<\/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): 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\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":553037,"template":"","categories":[],"tags":[],"class_list":["post-553036","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3baef786-85e4-4c3a-8b03-1343fcafd270","teaser":"","photo_url":"https:\/\/ent.news\/2022\/10\/66.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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