{"id":554366,"date":"2021-12-02T13:38:33","date_gmt":"2021-12-02T13:38:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=554366"},"modified":"2025-12-16T00:28:58","modified_gmt":"2025-12-16T00:28:58","slug":"were-making-headway-on-replacing-dongfeng","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/were-making-headway-on-replacing-dongfeng\/","title":{"rendered":"We\u2019re making headway on replacing Dongfeng"},"content":{"rendered":"<section id=\"554368\" 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=\"554368\">\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\/2021\/12\/02\/tonight-el-nasr-is-talking-to-dongfeng-replacements-next-week-securitized-bonds-are-still-red-hot-as-phd-closes-another-issuance\/\">\r\n                            TONIGHT: El Nasr is talking to Dongfeng replacements next week + securitized bonds are still red-hot as PHD closes another issuance                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/api.whatsapp.com\/send?text=TONIGHT%3A+El+Nasr+is+talking+to+Dongfeng+replacements+next+week+%2B+securitized+bonds+are+still+red-hot+as+PHD+closes+another+issuance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F02%2Ftonight-el-nasr-is-talking-to-dongfeng-replacements-next-week-securitized-bonds-are-still-red-hot-as-phd-closes-another-issuance%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\/2021\/12\/02\/tonight-el-nasr-is-talking-to-dongfeng-replacements-next-week-securitized-bonds-are-still-red-hot-as-phd-closes-another-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554368\" class=\"content-area-description single-story post-554368 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-covid-19 tag-dongfeng tag-el-nasr-automotive tag-enterprisepm tag-evs tag-palm-hills-developments tag-pandemic tag-public-enterprises-ministry tag-what-were-tracking-tonight tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Rejoice, friends, for it is finally the weekend.<\/strong> This week somehow felt particularly long, but we\u2019re also not quite sure how it\u2019s already the last month of the year.<\/p>\n<p><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>#1- The Dongfeng replacement process is moving along nicely:<\/strong> State-owned El Nasr Automotive <a href=\"https:\/\/bit.ly\/3xJmPO1\">will meet<\/a> with three Chinese companies next week to talk about potentially working together on locally manufacturing EVs, as El Nasr is in the market for a new foreign partner to <a href=\"https:\/\/enterprise.press\/greeneconomys\/egypts-ev-plans-post-dongfeng\/\">fill the Dongfeng-shaped hole<\/a> in its EV manufacturing plans.<\/p>\n<p><strong>#2- The securitized bond market is still red-hot:<\/strong> Palm Hills Development <a href=\"https:\/\/ent.news\/2021\/12\/PHD-PR-021221.pdf\">just closed (pdf)<\/a> a four-tranche EGP 1 bn securitized bond sale, as GB Lease, Corplease, and GlobalCorp are planning a total of nearly EGP 8 bn in securitized bond issuances before mid-month.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Abu Qir secondary sale coming this month:<\/strong> Abu Qir Fertilizers <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a194c9ca-3c90-49df-aab4-edc1eb608d7b\">will sell<\/a> an additional 10-15% of the company in a secondary offering on the EGX before the year is out, with a virtual roadshow targeting potential institutional investors currently underway.<\/li>\n<li><strong>GM + Al Mansour Auto could partner up to produce EVs:<\/strong> General Motors and Al Mansour Automotive <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91d0dbdf-a5f2-4ea7-b310-a8bbbe34a0f7\">signed an MoU<\/a> that could see them work together on EV production in Egypt.<\/li>\n<li><strong>Lawmakers <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b4941f29-3f43-4893-b6e3-37b619a65d9a\">could decide to postpone<\/a><\/strong><strong> targeted VAT hikes<\/strong> amid concerns about their impact on prices, as inflationary pressure has been building with increased fuel and food costs.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>It\u2019s still all about Omicron<\/strong>, as the US reported its first known case of the variant in a fully-vaccinated person in California who tested positive seven days after returning from South Africa late last month. <a href=\"https:\/\/www.reuters.com\/world\/us-tightens-covid-19-travel-rules-countries-race-quell-omicron-threat-2021-12-01\/\">Reuters<\/a> and the <a href=\"https:\/\/www.nytimes.com\/live\/2021\/12\/02\/world\/omicron-variant-covid\">New York Times<\/a>, among others, have more.<\/p>\n<p><strong>A bright spot in the darkness? WHO pushes for binding treaty on future pandemic<\/strong><strong> cooperation: <\/strong>The World Health Organization agreed yesterday to start discussing a binding treaty on how its 194 member states should cooperate in the case of a future outbreak, according to a <a href=\"https:\/\/www.who.int\/news\/item\/01-12-2021-world-health-assembly-agrees-to-launch-process-to-develop-historic-global-accord-on-pandemic-prevention-preparedness-and-response\">statement<\/a>. The organization agreed to set up an intergovernmental negotiating body that will meet before March 2022 and deliver the result of their deliberations in May 2024. The spread of the Omicron variant and the subsequent travel bans showed how \u201ccountries worldwide are acting in a patchwork and discriminatory fashion\u201d and helped push the case for the treaty, the <a href=\"https:\/\/www.nytimes.com\/2021\/12\/01\/world\/who-pandemic-treaty.html\">New York Times<\/a> writes.<\/p>\n<p><strong>Sentiment is a little mixed: <\/strong>The EU and the UK were among those who had strongly advocated for a treaty to be formed, while the US described the initiative as \u201ca momentous step\u201d but refused to commit to anything binding in a statement signed by Brazil and a number of other countries. China, meanwhile, was a bit more visibly wary saying that while Beijing \u201cagreed in principle\u201d with the concept of the accord, cautioning against \u201cpoliticization, stigmatization and instrumentalization.\u201d<\/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>HAPPENING NOW- OPEC+ <\/strong><strong>will decide today<\/strong><sup><\/sup><sup><\/sup><strong> on whether or not to ramp up <\/strong><strong>oil production as of next month. <\/strong>Oil futures are down as of dispatch, with WTI futures trading at USD 65.35\/bbl (down 0.34%) and Brent crude futures dipping 0.25% to USD 68.70\/bbl.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The key news triggers to keep your eye on at the start of December:<\/strong><\/p>\n<ul>\n<li><strong>PMI:<\/strong> Purchasing managers\u2019 index figures for November for Egypt, Saudi Arabia, and Qatar will be released on Sunday, 5 December. Figures for the UAE, which normally come out on the same day as Egypt and Saudi, will be released two days later on Tuesday, 7 December.<\/li>\n<li><strong>Foreign reserves:<\/strong> November\u2019s foreign reserves figures will be released during the first week of the month.<\/li>\n<li><strong>Inflation:<\/strong> Inflation figures for November will be released on Thursday, 9 December. Data for inflation typically appears on the 10th of every month, but is moved up one day if that falls on a Friday.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee will hold its final meeting for the year to review interest rates on Thursday, 16 December.<\/li>\n<\/ul>\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>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- It seems like it might be a cold, cloudy, and possibly rainy<\/strong><strong> weekend<\/strong> \u2014 and we can\u2019t say we\u2019re not excited. The mercury will rise to 22\u00b0C on Friday, with a 20% chance of rain. Meanwhile, on Saturday, expect a daytime high of 23\u00b0C while nighttime lows will be in the range of 13-14\u00b0C during the weekend, our favorite weather app tells us.<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dongfeng\/\">Dongfeng<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/el-nasr-automotive\/\">El Nasr Automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palm-hills-developments\/\">Palm Hills Developments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-ministry\/\">Public Enterprises Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/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=\"554369\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll 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   \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\/2021\/12\/02\/covid-gives-global-tourism-a-usd-2-tn-blow-big-oil-and-defense-try-to-keep-up-with-esgs\/\">\r\n                            Covid gives global tourism a USD 2 tn blow + big oil and defense try to keep up with ESGs                        <\/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    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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/569.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"569.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/569.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/569.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554370\" class=\"content-area-description single-story post-554370 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-bp tag-china tag-enterprisepm tag-evs tag-exxonmobil tag-for-your-commute tag-sustainability 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>Global tourism is expected to end the year with USD 2 tn in foregone revenues<\/strong><strong> thanks to covid-19<\/strong>, as the tourism industry has been the worst-hit by the pandemic, the <a href=\"https:\/\/news.un.org\/en\/story\/2021\/11\/1106712\">UN\u2019s tourism body<\/a> said. While tourism income has rebounded from last year\u2019s historic losses, international tourist arrivals are forecast to remain 70-75% below 2019 levels this year. The report warns that travel demand could be further affected by the uneven distribution of vaccines around the world, along with new strains (hello, Omicron) prompting travel restrictions. The economic contribution from international tourism in 2021 is estimated at USD 1.9 tn, far below the pre-pandemic value of USD 3.5 tn. <a href=\"https:\/\/www.e-unwto.org\/doi\/epdf\/10.18111\/9789284423200\">Tap \/ click here to read the full UNWTO report (pdf)<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Would you like a side of sustainability with that arms purchase?<\/strong> As socially conscious investors seeking ESG investing cut ties with or call for greater accountability of arms producers in the EU, executives at European defense companies fear being shunned in the investment world, reports the <a href=\"https:\/\/www.ft.com\/content\/e14ea515-a6f3-4763-9def-7bc40d3b2e4a\">Financial Times<\/a>. It\u2019s hard to imagine weapons manufacturers having any sort of ESG credit to their name, but some investors want these companies to cut back on their carbon footprints, for example, or increase transparency in the production and sales of their goods. One of the bigger challenges on that front is the lack of clear ESG definitions, while some companies point to their industry as being critical for security, without which \u201cwe cannot have sustainability.\u201d<\/p>\n<p><strong>Big Oil is under pressure to make meaningful climate pledges:<\/strong> ExxonMobil\u2019s pledge to spend USD 15 bn on cutting greenhouse gas emissions by 20-30% by 2030 were immediately criticized for being \u201cgrossly inadequate\u201d compared to more ambitious climate commitments by rivals in Europe, the <a href=\"https:\/\/www.ft.com\/content\/a135d3a4-1060-406a-a648-29fad6f66526\">Financial Times<\/a> reports. Despite being the US oil supermajor\u2019s most ambitious emission targets to date, they pale in comparison to BP and Royal Dutch Shell, for example, which have laid out strategies to totally eliminate emissions by 2050. Exxon\u2019s new goals were announced yesterday amid a revamp of its environmental goals after the company recently <a href=\"https:\/\/www.reuters.com\/business\/energy\/engine-no-1-win-third-seat-exxon-board-based-preliminary-results-2021-06-02\/%5C=\">lost board seats<\/a> in a proxy battle with activist hedge fund Engine No 1.<\/p>\n<p><strong>Is this the most niche spot in the \u201cecosystem\u201d ever to exist?<\/strong> Startups are cropping up to help car aficionados hang on to vintage cars while abiding by new auto regulations through EV retrofitting, reports <a href=\"https:\/\/www.reuters.com\/markets\/commodities\/saving-dinosaurs-startups-drive-electrify-fossil-fuel-cars-2021-12-02\/\">Reuters<\/a>. The industry, which has emerged over the past five years in the US and Europe, has only really picked up over the past two years with advances in battery technology and electric motors. While some startups buy classic cars and strip them down and rebuild them, others are using them as a gateway to enter the increasingly attractive EV market or to retrofit diesel cars already on the roads, with some startups selling conversion kits for popular diesel cars.<\/p>\n<p><strong>WTA suspends China tournaments <\/strong><strong>over Peng<\/strong><strong> Shuai case:<\/strong> The Women\u2019s Tennis Association (WTA) has announced that it will suspend its tournaments in China and Hong Kong over Beijing\u2019s handling of Chinese tennis player Peng Shuai\u2019s [redacted] assault allegations, reports the <a href=\"https:\/\/www.ft.com\/content\/c827fb41-e5fe-49cf-a31c-aa99b4a56d2e\">Financial Times<\/a>. Early last month, Peng accused a former high-ranking Chinese Communist party member of assault on social media platform Weibo and then disappeared from public view for weeks, prompting questions about her safety. A Chinese Communist Party newspaper later posted videos of her eating at a restaurant and attending a tennis match and the International Olympic Committee president later spoke with the athlete via video call, all of which did little to quell concerns. China hosts 10 of the WTA\u2019s 50 annual tournaments and the 2022 marquee WTA Finals are due to be played in Shenzhen as part of a 10-year contract to host the event.<\/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\/bp\/\">BP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/exxonmobil\/\">ExxonMobil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/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=\"554372\" 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=\"554372\">\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\/2021\/12\/02\/high-maintenance-is-the-way-to-wind-down-making-something-great-out-of-bad-movies-get-pizza-from-3al7atab\/\">\r\n                            High Maintenance is the way to wind down + making something great out of bad movies + get pizza from 3al7atab                        <\/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\/2021\/12\/02\/high-maintenance-is-the-way-to-wind-down-making-something-great-out-of-bad-movies-get-pizza-from-3al7atab\/\" 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 show portrays the career as one of those jobs where you get up close and personal with others (think a barber or a maid). But this dynamic doesn\u2019t always suit the awkward main character, known as The Guy, who is played by Ben Sinclair. As soft-spoken as he is, The Guy acts more as a vehicle traveling between the other eccentric and complicated characters who really put the oomph in the storyline. High Maintenance has four seasons out now, giving you the chance to watch the characters grow and develop on screen, but always at a distance as The Guy acts more as an observer than an inquirer. The series is great at telling stories without actually telling them, relying more on inner parts of people that aren\u2019t primarily communicated through dialogue. You can catch the entirety of the show on OSN Streaming.<\/p>\n<p>\u26bd <strong>The second round of the Arab Cup groups will start tomorrow: <\/strong>Bahrain will face Iraq in the Group A at 12pm while the other match in the group between Oman and Qatar begins at 3pm. In Group B, Mauritania will play against the UAE at 6pm, while Syria will face Tunisia at 9pm.<\/p>\n<p><strong>Meanwhile on Saturday<\/strong>, Group C will see Jordan compete against Morocco at 12pm and Palestine against Saudi Arabia at 9pm. As for Group D, Lebanon will play against Algeria at 3pm while Egypt will face Sudan at 6pm. (Egypt emerged victorious from yesterday\u2019s match against Lebanon, ending the game 1-0.)<\/p>\n<p><strong>It\u2019s shaping up to be an intense week in the English Premier League<\/strong> as gameweek 14 wraps up today and gameweek 15 kicks off on Saturday. Tottenham faces Brentford at 9:30pm tonight, while Manchester United competes against Arsenal at 10:30pm.<\/p>\n<p><strong>Saturday will start off with a bang as West Ham faces Chelsea at 2:30pm. <\/strong>A bit later at 5pm, Wolves is up against Liverpool, Newcastle against Burnley and Southampton against Brighton. The last confrontation of the day will be between Watford and Manchester City at 7:30pm.<\/p>\n<p><strong>Spain is also hot on Saturday: <\/strong>Seville hosts Villarreal at 3:00pm, Barcelona plays against Real Betis at 5:15pm, and Atletico Madrid faces Mallorca at 7:30pm. The day will conclude with a match between Real Sociedad and Real Madrid at 10pm.<\/p>\n<p><strong>Bundesliga: <\/strong> Borussia Dortmund and Bayern Munich have a match at 7:30pm on Saturday.<\/p>\n<p><strong>Down in Italy:<\/strong> Milan plays against Salernitana at 4pm, Inter goes out to face Roma at 7pm, and finally Napoli hosts Atlanta at 9:45pm.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>Maadi\u2019s <\/strong><strong><a href=\"https:\/\/www.instagram.com\/3al7atab?utm_medium=copy_link\">3al7atab<\/a><\/strong><strong> pizzeria continues to serve up its creative culinary creations.<\/strong> 3al7atab uses a wood brick oven burning at 500\u00b0C to cook their pizza in less than 90 seconds and giving it a unique smoky flavor. The restaurant divides their pizzas into three categories: Rossa (with san marzano tomato sauce), bianca (without tomato sauce), and the elusively-named special. From rossa, go for their diavola or scarpetta, while the bianca pizzas offer \u201cThe Wolf,\u201d a pizza dedicated to the great chef Wolfgang Puck, which has cream cheese, onion, garlic, salmon, and caviar. From their special menu, try out their tinga chicken pizza which fuses together Mexican flavors. 3al7atab also serves sandwiches and salads, but their pizza is definitely the main attraction.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>Standup comedy crew <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/the-elite-vol6-take-2-stand-up\/2990734214577983\/\">The Elite<\/a><\/strong><strong> are heading to ElSawy Culturewheel<\/strong> tonight at 7:30pm.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/breaking-walls-festival-%D8%B9%D8%B1%D9%88%D8%B6-%D9%85\/432226498384423\/\">Breaking Walls Festival<\/a><\/strong><strong> takes place tomorrow to celebrate dance, art, and theater<\/strong> under the umbrella of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d0a828cf-0fd7-4903-b2f3-d17b9f9d5bb2\">16 days of activism against gender-based violence<\/a>. The event will bring together powerful women to share their stories through creative mediums.<\/p>\n<p><strong>Trip organizers Ghamer are hosting a <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/ghamer-x-deglas-movie-night\/639723610357818\/\">movie night<\/a><\/strong><strong> tomorrow at Wadi Degla Protectorate<\/strong>, with the event also including food, karaoke, and hiking.<\/p>\n<p><strong>TAM Gallery\u2019s <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/cairo-art-fair-vii\/426006762336356\/\">Cairo Art Fair VII<\/a><\/strong><strong> will kick off tomorrow<\/strong>, featuring works by 150 prominent and emerging artists with a myriad of styles at different price ranges for anyone who would like to purchase a new piece of art. The art fair will take place at Abu Rawash and is open to the public until 31 January. Listen to TAM Gallery cofounder Lina Mowafy talk about how she\u2019s been working to democratize the art scene through ventures such as the annual art fair which gives a chance to newbie artists to get recognition on our podcast, Making It (<a href=\"https:\/\/enterprise.press\/podcasts\/bringing-art-to-the-masses-how-tam-is-trying-to-democratize-the-art-scene\/\">listen, runtime: 29:19<\/a>).<\/p>\n<p>? <strong>EARS TO THE GROUND-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/how-did-this-get-made\/id409287913\">How Did This Get Made?<\/a><\/strong><strong> \u2014 a podcast about the unfortunate series of events that<\/strong><strong> led to some baaad movies being made: <\/strong>The podcast features three hilarious comedians, Paul Scheer, June Diane Raphael, and Jason Mantzoukas, who together discuss some truly horrible films. How Did This Get Made? has been around for over a decade now, a huge feat for the podcast world, but bad movies keep getting made, giving the trio ample fresh material to roast with their combined sense of humor that ensures you\u2019ll get a laugh or two. With time, the podcast became less about horribly-produced films and more about the people who like to watch them, with the three comedians building an entire community around the show. Celebrity guests are a common addition to many episodes and it seems they all agree sometimes a movie is \u201cso bad that it's amazing\u201d. Recent episodes look at films such as the <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/matinee-monday-highlander-ii-the-quickening-w-sam\/id409287913?i=1000543325771\">1991 film Highlander II: The Quickening<\/a>, <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/matinee-monday-leprechaun-in-the-hood-w-kumail-nanjiani\/id409287913?i=1000541910148\">Leprechaun in the Hood<\/a>, and the Stephen King\u2019s novel adaptation <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/matinee-monday-dreamcatcher\/id409287913?i=1000538973763\">Dreamcatcher<\/a>.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>The intricacies of fast fashion are darker than you can imagine:<\/strong> <a href=\"https:\/\/www.amazon.com\/Unraveled-Death-Garment-Maxine-Bedat-ebook\/dp\/B08JKRM3TH\">Unraveled: The Life<\/a><a href=\"https:\/\/www.amazon.com\/Unraveled-Death-Garment-Maxine-Bedat-ebook\/dp\/B08JKRM3TH\">and Death of a Garment<\/a> begins by acknowledging the smart branding techniques and storefronts that push consumers to be oblivious to the origins of the clothes you wear. But behind every pair of shoes and every hoodie is a tale of a long production chain that often takes advantage of people, resources, and entire countries. Author Maxine B\u00e9dat takes us on one of these journeys, following a pair of jeans from dyeing and weaving factories in China (which pour residue down the drain and effectively pollute drinking water) all the way to sewing floors in Bangladesh and Sri Lanka where women are paid unlivable wages and provided with horrible working conditions. The horrors don\u2019t end there \u2014 the next part of the journey follows the need to get rid of these jeans once they\u2019ve concluded their wearable life. The book is an illustrative example of the unequal impacts of global capitalist structures that urge people to buy more without taking into consideration the items\u2019 \u201creal cost.\u201d The book doesn\u2019t necessarily focus on the \u201cgreen\u201d element, but even sustainable fashion brands have <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cf647d3b-3664-4bae-b074-6209e204fe3a\">a hidden environmental cost<\/a>.<\/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\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"554374\" 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=\"554374\">\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\/2021\/12\/02\/market-roundup-on-2-december\/\">\r\n                            Market roundup on 2 December                        <\/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\/2021\/12\/02\/market-roundup-on-2-december\/\" 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\/2021\/12\/02\/market-roundup-on-2-december\/')\">\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\/2021\/12\/02\/market-roundup-on-2-december\/\">\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=Market roundup on 2 December&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/market-roundup-on-2-december\/\">\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\/2021\/12\/02\/market-roundup-on-2-december\/&title=Market roundup on 2 December\">\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=Market+roundup+on+2+December+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F02%2Fmarket-roundup-on-2-december%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\/2021\/12\/02\/market-roundup-on-2-december\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554374\" class=\"content-area-description single-story post-554374 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 fell 0.9% at today\u2019s close<\/strong> on turnover of EGP 1.11 bn (22.4% below the 90-day average). Foreign investors were net sellers. The index is up 4.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>Rameda (+4.3%), Speed Medical (+1.2%) and GB Auto (+0.8%).<\/p>\n<p><strong>In the red: <\/strong>Fawry (-3.2%), Aspire Capital (-2.9%) and Pioneers Properties (-2.8%).<\/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=\"554375\" 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=\"554375\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/global-inflation-could-continue-rising-thanks-to-omicron-and-the-never-ending-supply-chain-crisis\/\">\r\n                            Global inflation could continue rising thanks to Omicron and the never-ending supply chain crisis                        <\/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 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href=\"https:\/\/api.whatsapp.com\/send?text=Global+inflation+could+continue+rising+thanks+to+Omicron+and+the+never-ending+supply+chain+crisis+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F02%2Fglobal-inflation-could-continue-rising-thanks-to-omicron-and-the-never-ending-supply-chain-crisis%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\/2021\/12\/02\/global-inflation-could-continue-rising-thanks-to-omicron-and-the-never-ending-supply-chain-crisis\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/571.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"554376\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/global-inflation-could-continue-rising-thanks-to-omicron-and-the-never-ending-supply-chain-crisis\/571-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/571.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"571.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/571.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/571.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554375\" class=\"content-area-description single-story post-554375 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-covid-19 tag-enterprisepm tag-inflation tag-oecd tag-supply-chain tag-the-macro-picture tag-unctad 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-08\"><\/a> <strong>A convergence of the new Omicron strain + the shipping crisis could push up<\/strong><strong> global inflation and undermine the post-covid recovery in a big way.<\/strong> That\u2019s the headline message from two recent reports from the United Nations Conference on Trade and Development (UNCTAD) and the Organization for Economic Cooperation and Development (OECD) looking at the forecast for trade, inflation, and the global socioeconomic recovery.<\/p>\n<p><strong>\u201cUneven\u201d performance is still the headline feature of global economic performance:<\/strong> Across OECD countries, the economic recovery and output levels since mid-2020 have outstripped expectations, but is now beginning to slow down and \u201cis becoming increasingly imbalanced,\u201d said the OECD in its latest <a href=\"https:\/\/www.oecd-ilibrary.org\/sites\/66c5ac2c-en\/index.html?itemId=\/content\/publication\/66c5ac2c-en\">Economic Outlook report<\/a>. The unevenness is particularly evident in low-income countries with low vaccination rates, and will likely remain a key fixture of the economic recovery going forward, with the report forecasting \u201csizeable long-term income scars from the crisis\u201d among developing and emerging markets.<\/p>\n<p><strong>The recovery is being undermined by supply chain bottlenecks failing to keep up with surging consumer demand for goods<\/strong>, which is creating inflationary pressures across the world, the OECD notes. Prices are rising on the back of \u201cdisruptions in energy, food and commodity markets,\u201d coupled with higher prices (and shortages) of energy that are holding back the production of \u201ckey materials and intermediate goods,\u201d according to the report.<\/p>\n<p><strong>High shipping costs could also continue to hold back the global manufacturing recovery: <\/strong>If container freight rates increase by 10%, this could lead to a 1% decrease in manufacturing in the US and the Eurozone, while China\u2019s production could drop 0.2%, according to UNCTAD\u2019s <a href=\"https:\/\/unctad.org\/system\/files\/official-document\/rmt2021_en_0.pdf\">Review of Maritime Transport 2021 (pdf)<\/a>. The report points to shipping supply chain disruptions, port constraints, and terminal inefficiencies as main problems driving up shipping costs globally.<\/p>\n<p><strong>This is all feeding into rising (and <\/strong><strong>not-so-transitory<\/strong><strong>) inflation:<\/strong> Global import price levels could increase by 11% and consumer price levels by 1.5% between now and 2023 due to high freight costs unless the shipping crisis is resolved, UNCTAD says. All of these inflationary pressures are now expected to last longer than previously anticipated, according to the OECD, which expects inflation to peak in 2021 but remain above pre-pandemic levels through 2023.<\/p>\n<p><strong>Even with inflation, the impact and recovery trajectory is mixed \u2014 both across countries and sectors.<\/strong> Small island developing states could see import prices increase by 24% and consumer prices by 7.5% while least developed countries could see consumer price levels rise by 2.2%, UNCTAD said. Low-value-added items such as furniture, textiles, clothing and leather products are expected to endure the highest price increases, forecasted at 10.2%. Meanwhile, the price of rubber and plastics products could go up by 9.4%, pharma products 7.5%, electrical equipment 7.5%, motor vehicles 6.9%, and machinery and equipment 6.4%.<\/p>\n<p><strong>Enter Omicron:<\/strong> All of these imbalances could be magnified with the arrival of the new covid-19 strain, which has so far seen several countries impose travel restrictions in a scenario that reminds us just a little too much of early 2020. \u201cNew mobility restrictions and port closures could hamper global trade, as persisting shutdowns in key economies reduce the availability of supplies along supply chains and lengthen supplier delivery times. Such further supply disruption might also create additional upward pressure on some prices,\u201d the OECD says.<\/p>\n<p><strong>The outlook? It\u2019s all about vaccination:<\/strong> As more countries \u2014 particularly developed economies \u2014 ramp up vaccination and are now working on rolling out booster shots, the effect of covid-19 and related supply disruptions will continue to ease, the OECD says. Demand patterns are also expected to normalize and kinks in the supply chain will be smoothed out, which \u201cshould facilitate a continued global economic recovery and remove some inflationary pressures, but will not necessarily make the recovery more balanced.\u201d<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oecd\/\">OECD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-chain\/\">supply chain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/unctad\/\">UNCTAD<\/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=\"554377\" 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\/2021\/12\/02\/554377\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554377\" class=\"content-area-description single-story post-554377 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>24 November-7 December (Wednesday-Tuesday): Designated period for SODIC shareholders to subscribe to Aldar Properties and ADQ\u2019s mandatory tender offer (<a href=\"http:\/\/enterprisemea.com\/wp-content\/uploads\/2021\/11\/EGX-announcement-%E2%80%94-Aldar-_-SODIC-MTO.pdf\">pdf<\/a>).<\/p>\n<p>26 November-5 December (Friday-Sunday): <a href=\"https:\/\/www.facebook.com\/CairoFilms\/photos\/a.386668088207064\/1611462495727611\/\">The 43rd Cairo International Film Festival<\/a>.<\/p>\n<p>29 November-2 December (Monday-Thursday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">Egypt Defense Expo<\/a>, Egypt International Exhibition Centre.<\/p>\n<p>1-2 December (Wednesday-Thursday): <a href=\"https:\/\/www.opec.org\/opec_web\/en\/311.htm\">OPEC and non-OPEC ministerial meeting<\/a>.<\/p>\n<p>5 December (Sunday): Purchasing managers\u2019 index figures for November for Egypt, Saudi Arabia, and Qatar will be released.<\/p>\n<p>7-8 December (Tuesday-Wednesday): <a href=\"https:\/\/northafricatradefinance.com\/\">North Africa Trade Finance Summit<\/a>.<\/p>\n<p>8-10 December (Wednesday-Friday): <a href=\"https:\/\/www.gfhsegypt.com\/\">Global Forum for Higher Education and Scientific Research (GFHS)<\/a>, Cairo, Egypt.<\/p>\n<p>8-9 December (Wednesday-Thursday): The 14th General Conference of the Islamic World Educational, Scientific, and Cultural Organisation (<a href=\"https:\/\/www.icesco.org\/en\/2021\/11\/30\/under-the-patronage-of-president-el-sisi-icesco-to-hold-its-general-conference-in-cairo-on-december-8-and-9-2021\/\">ICESCO<\/a>) will be held in Egypt.<\/p>\n<p>9-10 December (Thursday-Friday): The US <a href=\"https:\/\/www.state.gov\/summit-for-democracy\/\">Summit for Democracy<\/a>. Egypt is not among the invitees.<\/p>\n<p>9-12 December (Thursday-Sunday): The <a href=\"https:\/\/www.woodshowglobal.com\/cairo\">6th Edition of Cairo Woodshow<\/a>, Cairo International Convention Centre, Cairo, Egypt.<\/p>\n<p>10 December (Friday): Capmas will release November inflation figures.<\/p>\n<p>10 December (Friday): Silicon Waha\u2019s <a href=\"https:\/\/bit.ly\/3FATsAa\">Startup Factory<\/a> program kicks off in Assiut Technology Zone.<\/p>\n<p>12 December (Sunday): Raya Holding\u2019s Ordinary General Assembly meeting.<\/p>\n<p>12 December (Sunday): Deadline to apply to the <a href=\"https:\/\/www.mckinsey.com\/forward\/locations\/middle-east\">McKinsey Forward<\/a> program for young professionals.<\/p>\n<p>12-14 December (Sunday-Tuesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa Cairo<\/a> trade exhibition, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>13-17 December: United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/p>\n<p>14 December (Tuesday): Inquiry session for the <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">Industrial Development Authority<\/a>\u2019s licenses to manufacture steel products.<\/p>\n<p>14 December (Tuesday): CDC event to announce the details of its 2022-2026 strategy period.<\/p>\n<p>14-19 December (Tuesday-Sunday): <a href=\"https:\/\/www.facebook.com\/cifcet\/\">The Cairo International Festival for Experimental Theater<\/a>.<\/p>\n<p>14-15 December (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>15 December (Wednesday): Deadline for joint stock companies and investment companies in Cairo to join e-invoicing platform.<\/p>\n<p>15 December (Wednesday): Target date for snackmaker Edita to wrap up due diligence on its acquisition of the Ole brand owner Egyptian Belgian Company.<\/p>\n<p>15 December (Wednesday): The European Bank for Reconstruction and Development will give its final approval for a USD 100 mn facility to state-owned Banque Misr to finance local SMEs working on green projects.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>End of 4Q2021: EdVentures plans to have closed at least one more edtech investment round.<\/p>\n<p>End of 4Q2021: Fawry plans to have launched its MyFawry card.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>1H2022: e-Aswaaq\u2019s tourism platform will roll out its ticketing and online booking portal across Egypt.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1Q2022: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cd1fc44-1593-4317-8658-0aa792215521\">Launch of the Egyptian Commodities Exchange<\/a>.<\/p>\n<p>1Q2022: Swvl acquisition of Viapool expected to close.<\/p>\n<p>Second Half of January: Egypt <a href=\"https:\/\/alborsaanews.com\/2021\/11\/23\/1483989\">will host<\/a> the Egyptian-Bahraini Joint Committee.<\/p>\n<p>The end of January: The Egyptian-Romanian business forum will take place with the aim of strengthening joint investment relations.<\/p>\n<p>January 2022: Tenth of Ramadan dry port tender to be launched.<\/p>\n<p>1 January 2022 (Saturday): Capital gains tax comes into effect on the EGX for local investors.<\/p>\n<p>1-15 January 2022 (Saturday-Saturday): Qualified Industrial Zones (<a href=\"https:\/\/www.trade.gov\/qualifying-industrial-zones\">QIZ<\/a>) Joint Committee.<\/p>\n<p>7 January 2022 (Friday): Coptic Christmas.<\/p>\n<p>10-13 January 2022 (Monday-Thursday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a>, Sharm El Sheikh.<\/p>\n<p>15 January (Saturday): Target date for the finalization of snackfood giant Edita\u2019s acquisition of the Egyptian Belgian Company, owner of the Ole brand.<\/p>\n<p>17-19 January 2022 (Monday-Wednesday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/en-gb.html\">World Future Energy Summit<\/a>, Abu Dhabi.<\/p>\n<p>27 January 2022 (Tuesday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>11 February 2022 (Friday): <a href=\"https:\/\/finance.yahoo.com\/news\/vistas-media-acquisition-company-inc-203000610.html\">Deadline for Anghami SPAC merger<\/a>.<\/p>\n<p>11-13 February (Friday-Sunday) FIBA Intercontinental Cup, Cairo.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>15 February 2022 (Tuesday): The Industrial Development Authority\u2019s deadline for <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">receiving offers<\/a> from companies for licenses to manufacture steel products.<\/p>\n<p>19 February 2022 (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>March 2022: 4Q2021 earnings season.<\/p>\n<p>March 2022: Deadline for the World Health Organization\u2019s <a href=\"https:\/\/www.who.int\/news\/item\/01-12-2021-world-health-assembly-agrees-to-launch-process-to-develop-historic-global-accord-on-pandemic-prevention-preparedness-and-response\">intergovernmental negotiating body<\/a> to meet to discuss binding treaty on future pandemic cooperation.<sup><\/sup><\/p>\n<p>March 2022: World Cup playoffs.<\/p>\n<p>2 April 2022 (Saturday): First day of Ramadan (TBC).<\/p>\n<p>4 April 2022 (Monday): CDC Group will formally change its name to British International Investment.<\/p>\n<p>22-24 April 2022 (Friday-Sunday):<a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>24 April 2022 (Sunday): Coptic Easter Sunday (holiday for Coptic Christians).<\/p>\n<p>25 April 2022 (Monday): Sham El Nessim.<\/p>\n<p>25 April 2022 (Monday): Sinai Liberation Day.<\/p>\n<p>Late April - 15 May 2022: 1Q2022 earnings season<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>2 May 2022 (Monday): Eid El Fitr (TBC).<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June 2022 (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>2H2022: <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>8 July 2022 (Friday): Arafat Day.<\/p>\n<p>9-13 July 2022 (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>30 July 2022 (Saturday): Islamic New Year.<\/p>\n<p>Late July - 14 August 2022: 2Q2022 earnings season.<\/p>\n<p>6 October 2022 (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October 2022 (Saturday): Prophet Muhammad\u2019s birthday.<\/p>\n<p>18-20 October 2022 (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>Late October - 14 November 2022: 3Q2022 earnings season.<\/p>\n<p>November 2022: Egypt will display its first naval exhibition with the title <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>. <sup><\/sup><\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. 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