{"id":553179,"date":"2022-10-25T13:23:18","date_gmt":"2022-10-25T13:23:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=553179"},"modified":"2025-12-16T00:02:11","modified_gmt":"2025-12-16T00:02:11","slug":"el-whats-back-up-after-a-global-outage","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/el-whats-back-up-after-a-global-outage\/","title":{"rendered":"El Whats back up after a global outage"},"content":{"rendered":"<section id=\"553181\" 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=\"553181\">\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\/25\/this-evening-sodic-bids-for-orascom-for-real-estate-state-ownership-policy-document-coming-in-weeks-madbouly-says\/\">\r\n                            THIS EVENING: SODIC bids for Orascom for Real Estate + State ownership policy document coming in \u201cweeks,\u201d Madbouly says                        <\/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\/25\/this-evening-sodic-bids-for-orascom-for-real-estate-state-ownership-policy-document-coming-in-weeks-madbouly-says\/\" 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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ODE granted SODIC exclusivity to kick off the due diligence process. ODE is currently considering the offer, sources in the know told Enterprise, but declined to comment further. Our friends at EFG Hermes are the sole sell-side financial advisor on the transaction.<\/p>\n<p><strong>#2- The state ownership policy document will be finalized within weeks<\/strong>, before heading to the cabinet to be reviewed for final approval, Prime Minister Moustafa Madbouly said during the final day of the Egypt Economic Conference 2022. The document, which was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70f19a6a-1e2d-46ee-89d4-46147344af7f\">being discussed yesterday<\/a>, was expected to be unveiled during the conference.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Rishi Sunak\u2019s appointment as the UK\u2019s new prime minister is leading the conversation in<\/strong><strong> the international business press<\/strong> this afternoon. The former hedge fund manager and UK chancellor takes over the position from Liz Truss, whose economic policy \u201cmistakes\u201d he vowed to fix in a speech today. The GBP rallied on Sunak\u2019s appointment, rising 0.4% against the USD, while gilt yields continued to fall. The story is on the front pages of the <a href=\"https:\/\/www.ft.com\/content\/465f2031-84ba-4faa-9f46-c3265166d973\">Financial Times<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/rishi-sunak-takes-over-as-u-k-prime-minister-amid-growing-economic-and-political-crisis-11666698079?mod=hp_lead_pos1\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/uk\/sunak-faces-daunting-task-he-becomes-uk-prime-minister-2022-10-25\/\">Reuters<\/a>, and <a href=\"https:\/\/www.cnbc.com\/2022\/10\/25\/rishi-sunak-set-to-become-uk-pm-after-meeting-king-charles-.html\">CNBC<\/a>.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Day two of the Egypt Economic Conference 2022 <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70f19a6a-1e2d-46ee-89d4-46147344af7f\">saw discussions<\/a><\/strong><strong> on all things privatization and industry<\/strong>, from the state ownership policy document, to financing avenues for the private sector, and the Sovereign Fund of Egypt\u2019s role in boosting private sector involvement.<\/li>\n<li><strong>PIF now owns a slice of EIPICO: <\/strong>Saudi Arabia\u2019s sovereign wealth fund <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dfa56241-8a86-4457-8bac-4ad26d1405e5\">is strengthening its position<\/a> in Egypt\u2019s pharma sector, acquiring a 4.7% stake in EGX-listed Egyptian Pharma Company.<\/li>\n<li><strong>We could see more private sector players taking to the nation\u2019s rivers after the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9531f3f8-a3f7-4914-a02f-8e12237fab6e\">House gave preliminary approval<\/a><\/strong><strong> to amendments<\/strong> modernizing a 1956 law regulating river transport.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>Egypt and the UAE will <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0gKn5z3nuZiF3rVVxhgVD5AaDXHkH4X4bj7L1b3cvYGKcbV5u98c99ivMradBERDgl\">host a three-day gathering<\/a><\/strong><strong> starting tomorrow to mark 50 years of <\/strong><strong>bilateral ties.<\/strong> Day one is an economic forum featuring ministers, senior officials and business leaders from the two countries.<\/p>\n<p><strong>Enroot Development is hosting a conference titled <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/436637188402429\/\">Empowering the South: Green<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/436637188402429\/\">Economies and Climate Resilience<\/a><\/strong> tomorrow at the Greek Campus. Speakers at the conference include former deputy prime minister Ziad Bahaa El Din, UN High-level Climate Champion for Egypt Mahmoud Mohieldin, and International Cooperation Minister Rania Al Mashat. You can <a href=\"https:\/\/forms.gle\/1dfEn9TaQFP7UqRD6\">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>An IMF delegation <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/548df8a6-46d5-4604-89fe-ceac80080b93\">will land in Cairo<\/a><\/strong><strong> in the first week of November to continue loan talks<\/strong>, Jihad Azour, the IMF\u2019s director for the Middle East and Central Asia, said earlier this week.<\/p>\n<p><strong><a href=\"https:\/\/cairoict.com\/\">Cairo ICT<\/a><\/strong><strong> kicks off on Sunday 27 November at the Egypt International Exhibition Center. <\/strong>The expo wraps up Wednesday, 30 November. You can <a href=\"https:\/\/cairoict.com\/visitor-registration\/\">register here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p><img decoding=\"async\" draggable=\"false\" role=\"img\" class=\"emoji\" alt=\"\u26c5\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/26c5.svg\"> <strong>TOMORROW\u2019S WEATHER- <\/strong>Today\u2019s rains will give way to a sunnier day \u2014 albeit with intermittent cloudiness \u2014 tomorrow in the capital city. The daytime high will be 27\u00b0C and the nighttime low will be 19\u00b0C, our favorite weather app says.<\/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\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-for-real-estate\/\">Orascom for Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/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=\"553182\" 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=\"553182\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/25\/553182\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553182\" class=\"content-area-description single-story post-553182 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 data-recalc-dims=\"1\" decoding=\"async\" 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=\"553183\" 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=\"553183\">\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\/25\/small-talk-actually-does-good-things-for-your-happiness-ye-gets-the-boot-from-adidas-video-games-dont-fry-your-kids-brains\/\">\r\n                            Small talk actually does good things for your happiness + Ye gets the boot from Adidas + Video games don\u2019t fry your kids\u2019 brains                        <\/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\/25\/small-talk-actually-does-good-things-for-your-happiness-ye-gets-the-boot-from-adidas-video-games-dont-fry-your-kids-brains\/\" 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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Strike up a conversation with a stranger:<\/strong> Casual acquaintances \u2014 or \u201cweak ties\u201d \u2014 can have a big impact on our happiness, according to a <a href=\"https:\/\/www.pnas.org\/doi\/10.1073\/pnas.2120668119\">recent study<\/a> from Harvard University. Coined by US sociologist Mark Granovetter almost 50 years ago, the term \u201cweak ties\u201d refers to people you are loosely affiliated with like high school buddies, people you exchange small talk with, or maybe just quick nods. The study assessing the social networks of 50k people from eight different countries found that people who had more diversity in their social interactions, including \u201cweak ties,\u201d were happier and more satisfied with their lives.<\/p>\n<p><strong>Debunking the \u201cquality, not quantity\u201d adage: <\/strong>The research shows different types of social relationships \u2014 family, significant others, work colleagues, friends \u2014 serve different kinds of social support, so this diversity in social networks may give individuals greater access to different types of social support and enhance overall well-being. Researchers suggest it's actually the variety of people in your social network that matters more to your well being than how long you spend with them, so the next time you're feeling low, start chatting with that vaguely familiar-looking person you once shared an eye-roll with for a pick-me-up.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Adidas take a EUR 250 mn loss by canceling Ye:<\/strong> The German sportswear brand has severed ties with Kanye West over a barrage of antisemitic remarks made by the popular rapper in recent weeks, according to a <a href=\"https:\/\/www.adidas-group.com\/en\/media\/news-archive\/press-releases\/2022\/adidas-terminates-partnership-ye-immediately\/\">company statement<\/a>. The termination of the partnership will bring an end to West\u2019s Yeezy branded products and all payments to the rapper-turned-fashion mogul and his companies. Yeezy branded sneakers generated some USD 1.47 bn in annual sales for Adidas, accounting for a little over 7% of the company\u2019s overall revenue, <a href=\"https:\/\/www.reuters.com\/business\/adidas-plans-end-kanye-west-partnership-after-controversies-bloomberg-news-2022-10-25\/\">Reuters<\/a> reports, citing estimates from Telsey Advisory Group. The move is expected to deliver a EUR 250 mn hit to the sportswear giant\u2019s net income in 2022, the statement says.<\/p>\n<p><strong>A slew of splits:<\/strong> Adidas joins a host of companies breaking up with Ye, after US retailer the Gap and fashion house Balenciaga dumped the controversial artist. CAA, one of Hollywood\u2019s largest agencies, said it severed ties with West earlier this month, <a href=\"https:\/\/www.latimes.com\/entertainment-arts\/business\/story\/2022-10-24\/hollywood-talent-agency-caa-cuts-ties-with-ye-after-anti-semitic-tirade\">LA Times<\/a> reports citing a person familiar with the matter.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Playing video games may be beneficial for neurocognitive performance: <\/strong><a href=\"https:\/\/jamanetwork.com\/journals\/jamanetworkopen\/fullarticle\/2797596\">Recent study<\/a> shows that video games might have a positive impact on the brain in terms of cognitive performance. Using data from over 2k children aged 9-10 involved in the <a href=\"https:\/\/abcdstudy.org\/\">Adolescent Brain Cognitive Development study<\/a>, scientists found that video gamers who played at least 21 hours per week showed higher neurocognitive performance compared to non-gamers. They also exhibited \u201cbetter cognitive performance in response inhibition, working memory, and an altered bold signal in key regions of the cortex responsible for visual, attention, and memory processing.\u201d While scientists still encourage parents to prevent their kids from spending too much time playing video games, they also suggest more investigation is needed to confirm the cognitive benefits, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-24\/video-games-linked-to-better-cognitive-skills-in-brain-study?srnd=premium-middle-east&leadSource=uverify%20wall\">Bloomberg<\/a> reports.<\/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\/balenciaga\/\">Balenciaga<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n  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role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"553186\" 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=\"553186\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/25\/its-time-for-a-feel-good-show-and-acapulco-delivers\/\">\r\n                            It's time for a feel-good show, and Acapulco delivers                        <\/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\/25\/its-time-for-a-feel-good-show-and-acapulco-delivers\/\" 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\/25\/its-time-for-a-feel-good-show-and-acapulco-delivers\/')\">\n             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   <\/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\/25\/its-time-for-a-feel-good-show-and-acapulco-delivers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/501.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553187\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/25\/its-time-for-a-feel-good-show-and-acapulco-delivers\/501-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/501.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"501.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/501.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/501.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553186\" class=\"content-area-description single-story post-553186 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><a href=\"https:\/\/tv.apple.com\/us\/show\/acapulco\/umc.cmc.8xrkg9zywke7g6a9ahmvpr3l\">Acapulco<\/a><\/strong><strong> is the feel-good binge series needed:<\/strong> The bilingual Apple TV+ series takes viewers on a vacation to 1980s Mexico with all its vibrant energy. The narrative opens on Malibu b\u2019naire Maximo in present-day reminiscing as he hosts nephew Hugo for his birthday. While he now lives the good life, he was not always so lucky. Instead of lavish gifts this year, he\u2019s decided to pass on his life lessons onto Hugo through flashbacks and anecdotes. Even though the show doesn't offer anything particularly innovative, it delivers on cheerful, optimistic vibes. Our verdict: This is a lighthearted series offering some escapism after a long exhausting workday (<a href=\"https:\/\/www.youtube.com\/watch?v=e8YKi_05emo\">watch trailer, runtime 2:03<\/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=\"553192\" 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=\"553192\">\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\/25\/what-the-markets-are-doing-on-25-october-2022\/\">\r\n                            What the markets are doing on 25 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\/25\/what-the-markets-are-doing-on-25-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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Local investors were net sellers. The index is down 12.34% YTD.<\/p>\n<p><strong>In the green: <\/strong>Orascom Construction (+5.6%), CIB (+5.1%) and Madinet Nasr for Housing and Development (+4.2%).<\/p>\n<p><strong>In the red: <\/strong>e-Finance (-2.1%), Alexandria Containers and Cargo Handling (-1.3%) and Eastern Company (-1.3%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"553193\" 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=\"553193\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Founder of the Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/25\/meet-our-founder-of-the-week-omar-ebeid-founder-and-ceo-of-zealpay\/\">\r\n                            Meet our founder of the week: Omar Ebeid, founder and CEO of ZealPay                        <\/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\/25\/meet-our-founder-of-the-week-omar-ebeid-founder-and-ceo-of-zealpay\/\" 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\/25\/meet-our-founder-of-the-week-omar-ebeid-founder-and-ceo-of-zealpay\/')\">\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\/25\/meet-our-founder-of-the-week-omar-ebeid-founder-and-ceo-of-zealpay\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Meet our founder of the week: Omar Ebeid, founder and CEO of ZealPay&url=https:\/\/enterpriseam.com\/egypt\/2022\/10\/25\/meet-our-founder-of-the-week-omar-ebeid-founder-and-ceo-of-zealpay\/\">\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\/25\/meet-our-founder-of-the-week-omar-ebeid-founder-and-ceo-of-zealpay\/&title=Meet our founder of the week: Omar Ebeid, founder and CEO of ZealPay\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Meet+our+founder+of+the+week%3A+Omar+Ebeid%2C+founder+and+CEO+of+ZealPay+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F10%2F25%2Fmeet-our-founder-of-the-week-omar-ebeid-founder-and-ceo-of-zealpay%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\/25\/meet-our-founder-of-the-week-omar-ebeid-founder-and-ceo-of-zealpay\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/502.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553194\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/25\/meet-our-founder-of-the-week-omar-ebeid-founder-and-ceo-of-zealpay\/502-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/502.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"502.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/502.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/502.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553193\" class=\"content-area-description single-story post-553193 post type-post status-publish format-standard has-post-thumbnail hentry category-founder-of-the-week tag-enterprisepm tag-founder-of-the-week tag-omar-ebeid tag-startups tag-zealpay 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>OUR FOUNDER OF THE WEEK<\/strong>- Every Tuesday, Founder of the Week looks at how a successful member of Egypt\u2019s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Omar Ebeid (<a href=\"https:\/\/www.linkedin.com\/in\/ebeidomar\/\">LinkedIn<\/a>), founder and CEO of e-payments, loyalty and data analytics startup <a href=\"https:\/\/zeal-app.com\/\">ZealPay<\/a>.<\/p>\n<p><strong>My name is Omar Ebeid and I am the founder of ZealPay.<\/strong> I studied mechanical engineering at the University of Surrey, and have been coached by some of the world\u2019s top businessmen and life coaches from a young age. I am especially grateful for my experience with <a href=\"https:\/\/uk.linkedin.com\/in\/alex-hall-energy-efficiency-entrepreneur-89580940\">Alex Hall<\/a>, one of the UK\u2019s top entrepreneurs. I\u2019ve been highly influenced by him, learning entrepreneurship first-hand as his PA and business development executive.<\/p>\n<p><strong>My first take <\/strong><strong>at entrepreneurship<\/strong><strong> was a real estate company to attract investors to Hull<\/strong>, the UK\u2019s city of culture at the time, while promising capital growth and higher-than-usual ROIs. Alex and I turned the project into student housing, attracting international investment and contributing to the growth of Hull\u2019s economy.<\/p>\n<p><strong>I launched Zeal in 2019<\/strong> to bring mobile payments with integrated loyalty to the Egyptian market.<\/p>\n<p><strong>I first came up with the idea when I was in London buying juice, and the cashier asked me for a loyalty card.<\/strong> I told her I hate loyalty cards because I always lose them. Then she showed me the <a href=\"https:\/\/yoyogroup.com\/\">Yoyo Wallet<\/a>, which is basically a loyalty card on an app. I was intrigued to look more into the company to evaluate if the business model could work in Egypt. I met the founder, who suggested I bring Yoyo Wallet to Egypt, but I was more interested in starting my own business. We parted ways but it was only the beginning of our journey together: He is now one of Zeal\u2019s investors.<\/p>\n<p><strong>The biggest challenge I faced when starting out was my inexperience.<\/strong> I had no idea what it takes to start your own business and I lacked the necessary resources. But I persevered, studied extensively to educate myself, and learned from others who had been in similar situations.<\/p>\n<p><strong>The best part about my job is the opportunity to meet interesting and innovative people.<\/strong> When you meet these successful figures and realize that they are humans just like you and me, you begin to believe in yourself and your ability to achieve more. Also, once you believe that you are developing something not to generate money, but to have an impact on the world, no one will be able to persuade you out of it. That is when I realized that work no longer felt like work. I enjoy it so much that I don\u2019t mind sitting and working on weekends.<\/p>\n<p><strong>The worst part about my job is the impact on mental health.<\/strong> When you treat your investors\u2019 money as if it were your own, I believe it takes a significant toll on your mental health. Investors believed in me enough to put money into my startup when they could have put it somewhere else with ROI. Knowing they opted to invest in Zeal is a huge responsibility.<\/p>\n<p><strong>If I were to give one piece of advice to emerging entrepreneurs, it would be to find two to three mentors that you can really trust<\/strong>. The reason I say two to three is to ensure that you always have access to skilled people who can help you validate your decisions and fill in the gaps. One could be your financial counselor, while the others can assist you with tech issues or even your mental health. I've benefited greatly from being coached by Alex in the past, and now being mentored by Yoyo Wallet helps a great deal.<\/p>\n<p><strong>Zeal just had a major pivot.<\/strong> We\u2019ve created a new software that integrates with card machines worldwide. When you pay with a credit card, we provide merchants with data analytics, allowing them to follow and retain customers with specialized bundles and offers. Every transaction you make with your card is automatically mirrored on Zeal. You download the app to track your spending, while merchants gain a better understanding of their customers to offer more personalized solutions. In a nutshell, we are providing physical retailers with access to the benefits of e-commerce.<\/p>\n<p><strong>Zeal recently signed with the leading payment acquirer in the Middle East, and the largest US terminal manufacturer in the world<\/strong>. We will be announcing this partnership very soon. The startup has also raised USD 1.5 mn so far. My family and I invested, as did Saudi Arabian angel investors.<\/p>\n<p><strong>Zeal\u2019s goals include partnering with as many payment acquirers and banks as possible in order to give retailers the power of e-commerce<\/strong>, and to expand in Europe, Latin America, Africa, and Southeast Asia. We recently got accepted into <a href=\"https:\/\/labs.uk.barclays\">Barclays Eagle Labs<\/a>, and <a href=\"https:\/\/fundinglondon.co.uk\/\">London Funding House<\/a>, which will facilitate our entry into the London market.<\/p>\n<p><strong>The three most important KPIs I look at on a daily basis <\/strong>are the number of transactions processed; the total processed volume; and tracking customers\u2019 purchases.<\/p>\n<p><strong>If I had to exit Zeal I would do it through a large acquisition or an IPO,<\/strong> and I would definitely want to stay on as an employee or an advisor. I would still have pursued entrepreneurship if I hadn\u2019t had Zeal. I have a notebook of other ideas.<\/p>\n<p><strong>The last thing I read is<\/strong> <a href=\"https:\/\/www.amazon.com\/Crossing-Chasm-Marketing-High-Tech-Mainstream\/dp\/0060517123\">Crossing the Chasm<\/a> by Geoffrey Moore and I recently started watching Friends for the first time ever.<\/p>\n<p><strong>US entrepreneur Jim Rohn inspired me a lot.<\/strong> I enjoy how he approached life and business, and I regularly listen to his audiobooks. The podcast <a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/how-i-built-this-with-guy-raz\/id1150510297\">How I Built This with Guy Raz<\/a> also inspires me. He interviews top entrepreneurs, game-changers, and innovators. I start picturing myself there and it inspires me to keep working so that one day I can be a guest on the show.<\/p>\n<p><strong>I believe startups that are killing it are <\/strong><a href=\"https:\/\/unipal.me\/en-bh\/\">UniPal<\/a>, founded by <a href=\"https:\/\/www.linkedin.com\/in\/ali-alalawi\/\">Ali Alalawi<\/a> in Bahrain, and <a href=\"https:\/\/apps.apple.com\/us\/app\/merky\/id1624737567\">Merky<\/a> founded by <a href=\"https:\/\/www.linkedin.com\/in\/ahmadsherifnabih\/\">Ahmad Nabih<\/a> in Egypt.<\/p>\n<p><strong>If I had money to improve one thing it would be to hire more people.<\/strong> With our goals and strategy, I believe the most important thing we need to do at the moment is to expand our team and onboard people of the right caliber in order to handle the influx of work.<\/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\/founder-of-the-week\/\">FOUNDER OF THE WEEK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/omar-ebeid\/\">Omar Ebeid<\/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\/zealpay\/\">Zealpay<\/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=\"553195\" 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\/25\/553195\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553195\" class=\"content-area-description single-story post-553195 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&amp;id=06c1fc4b-9551-4f6c-a782-70bdec4b30f0\">commence operations<\/a>.<\/p>\n<p>23-25 &ZeroWidthSpace;&ZeroWidthSpace;October (Sunday-Tuesday): Egypt economic conference, Cairo, Egypt.<\/p>\n<p>23-25 &ZeroWidthSpace;&ZeroWidthSpace;October (Sunday-Tuesday): <a href=\"https:\/\/www.gecf.org\/\">Gas Exporting Countries Forum<\/a>, Cairo.<\/p>\n<p>26 October (Wednesday): <a href=\"https:\/\/www.facebook.com\/events\/436637188402429\/\">Empowering the South: Green Economies and Climate Resilience<\/a> conference, the Greek Campus, Cairo, Egypt.<\/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>First week of November: IMF delegation to visit Egypt for negotiations on loan agreement.<\/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>5-8 November (Sunday-Tuesday): Techne Summit for Investment and Entrepreneurship, Alexandria, Egypt<\/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): <a href=\"https:\/\/www.greeninitiatives.gov.sa\/about-mgi\/\">Middle East Green Initiative<\/a>, 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>11-12 November (Friday-Saturday): <a href=\"https:\/\/www.greeninitiatives.gov.sa\/about-sgi\/\">Saudi Green Initiative<\/a>, Sharm El Sheikh.<\/p>\n<p>7-13 November (Monday-Sunday): 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 \u2013 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 \u2013 15 May: 1Q2023 earnings season.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1 May (Monday): Labor Day.<\/p>\n<p>4 May (Thursday) National holiday in observance of Labor Day (TBC).<\/p>\n<p>22-26 May (Monday-Friday): Egypt <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/african-development-bank-group-concludes-annual-meetings-governors-endorse-banks-vision-next-10-years-51974#:~:text=The%20new%20Board%20of%20Governors,from%2022%2D26%20May%202023.\">will host<\/a> the African Development Bank (AfDB) annual meetings in Sharm El Sheikh.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p>19-21 June (Monday-Wednesday) Egypt Infrastructure and Water Expo <a href=\"https:\/\/ent.news\/2022\/9\/Announcement__EGYPT_INFRASTRUCTURE_AND_WATER_EXPO_LAUNCHES_JUNE_2023.pdf\">debuts<\/a> at the Egypt International Exhibition Center.<\/p>\n<p>28 June-2 July (Wednesday-Sunday): Eid El Adha (TBC).<\/p>\n<p>30 June (Friday): June 30 Revolution Day.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>18 July (Tuesday): Islamic New Year.<\/p>\n<p>20 July (Thursday): National holiday in observance of Islamic New Year (TBC).<\/p>\n<p>23 July (Sunday): Revolution Day.<\/p>\n<p>27 July (Thursday): National holiday in observance of Revolution Day.<\/p>\n<p>Late July-14 August: 2Q2023 earnings season.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>26 September (Tuesday): Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p>28 September (Thursday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>6 October (Friday): Armed Forces Day.<\/p>\n<p>Late October-14 November: 3Q2023 earnings season.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/p>\n<p>2H 2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H 2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H 2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q 2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>3Q 2022: Swvl to close <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">acquisition of<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Urbvan<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Mobility<\/a>.<\/p>\n<p>4Q 2022: Infinity + Africa Finance Corporation to close acquisition of Lekela Power.<\/p>\n<p>4Q 2022: Electricity Ministry to tender six solar projects in Aswan Governorate.<\/p>\n<p>4Q2022: Raya Holding subsidiary Aman and Qalaa Holdings\u2019 Taqa Arabia to launch their fintech company.<\/p>\n<p>4Q 2022: Saudi Jamjoom Pharma to <a href=\"https:\/\/bit.ly\/3R7SGzP\">inaugurate its EGP 1 bn pharma factory<\/a> in El Obour.<\/p>\n<p>End of 2022: Decent Life first phase scheduled for completion.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/p>\n<p>1Q 2023: Adnoc Distribution\u2019s acquisition of 50% of TotalEnergies Egypt to close.<\/p>\n\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":553180,"template":"","categories":[],"tags":[],"class_list":["post-553179","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"fc09cad5-1bc0-46c4-aa54-e67d86d27a83","teaser":"","photo_url":"https:\/\/ent.news\/2022\/10\/78.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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