{"id":554937,"date":"2021-11-23T13:31:28","date_gmt":"2021-11-23T13:31:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=554937"},"modified":"2025-12-16T00:42:20","modified_gmt":"2025-12-16T00:42:20","slug":"our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/","title":{"rendered":"Our post-covid recovery gets another shot in the arm from the AIIB"},"content":{"rendered":"<section id=\"554939\" 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=\"554939\">\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\/11\/23\/tonight-were-getting-more-development-financing-from-aiib-sodic-shareholders-have-10-days-to-respond-to-aldar-adq-mto-plus-biden-turns-on-the-oil-taps\/\">\r\n                            TONIGHT: We\u2019re getting more development financing from AIIB + SODIC shareholders have 10 days to respond to Aldar-ADQ MTO. Plus: Biden turns on the oil taps                        <\/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\/11\/23\/tonight-were-getting-more-development-financing-from-aiib-sodic-shareholders-have-10-days-to-respond-to-aldar-adq-mto-plus-biden-turns-on-the-oil-taps\/\" 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\/11\/23\/tonight-were-getting-more-development-financing-from-aiib-sodic-shareholders-have-10-days-to-respond-to-aldar-adq-mto-plus-biden-turns-on-the-oil-taps\/')\">\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\/11\/23\/tonight-were-getting-more-development-financing-from-aiib-sodic-shareholders-have-10-days-to-respond-to-aldar-adq-mto-plus-biden-turns-on-the-oil-taps\/\">\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=TONIGHT: We\u2019re getting more development financing from AIIB + SODIC shareholders have 10 days to respond to Aldar-ADQ MTO. Plus: Biden turns on the oil taps&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/23\/tonight-were-getting-more-development-financing-from-aiib-sodic-shareholders-have-10-days-to-respond-to-aldar-adq-mto-plus-biden-turns-on-the-oil-taps\/\">\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\/11\/23\/tonight-were-getting-more-development-financing-from-aiib-sodic-shareholders-have-10-days-to-respond-to-aldar-adq-mto-plus-biden-turns-on-the-oil-taps\/&title=TONIGHT: We\u2019re getting more development financing from AIIB + SODIC shareholders have 10 days to respond to Aldar-ADQ MTO. Plus: Biden turns on the oil taps\">\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=TONIGHT%3A+We%E2%80%99re+getting+more+development+financing+from+AIIB+%2B+SODIC+shareholders+have+10+days+to+respond+to+Aldar-ADQ+MTO.+Plus%3A+Biden+turns+on+the+oil+taps+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F23%2Ftonight-were-getting-more-development-financing-from-aiib-sodic-shareholders-have-10-days-to-respond-to-aldar-adq-mto-plus-biden-turns-on-the-oil-taps%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\/11\/23\/tonight-were-getting-more-development-financing-from-aiib-sodic-shareholders-have-10-days-to-respond-to-aldar-adq-mto-plus-biden-turns-on-the-oil-taps\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554939\" class=\"content-area-description single-story post-554939 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-abdel-fattah-el-sisi tag-asian-infrastructure-investment-bank tag-comesa tag-development-finance tag-enterprisepm tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Happy hump day, wonderful people, and welcome to another relatively calm afternoon for<\/strong><strong> the news<\/strong> as we slide towards the weekend.<\/p>\n<p><strong>THE BIG STORIES TODAY- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <sup><\/sup><strong>The Asian Infrastructure Investment Bank (AIIB) approved a USD 360 mn loan to<\/strong><strong> support Egypt\u2019s post-covid economic recovery<\/strong>, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/278939097609851\">statement<\/a>. The loan comes following the World Bank\u2019s approval of a separate but <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f884fc7b-c86b-4af4-80f7-385a02aaa39e\">identical loan<\/a> in October, under a larger <a href=\"https:\/\/ent.news\/2021\/10\/PR-Egypt-DPF-eng-Final.pdf\">development policy financing framework (pdf)<\/a> set by the International Cooperation ministry in partnership with the two lenders. The two loans, amounting to a combined USD 720 mn, will be used to support the private sector, increase transparency at state-owned enterprises and promote women\u2019s participation in the workforce, in a bid to bolster the second phase of Egypt\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/880fe75b-3a07-477a-93c3-c87eaad7936f\">economic reform program<\/a>.<\/p>\n<p><strong>Regulators set 10-day subscription period for Aldar-ADQ acquisition of SODIC:<\/strong> SODIC shareholders have 10 working days, starting tomorrow, to weigh in on the mandatory tender offer (MTO) from the UAE\u2019s Aldar Properties and sovereign wealth fund ADQ to acquire 90% of the real estate developer, according to <a href=\"https:\/\/ent.news\/2021\/11\/EGX-announcement-%E2%80%94-Aldar-_-SODIC-MTO.pdf\">an announcement (pdf)<\/a> displayed on EGX screens today. SODIC made public <a href=\"https:\/\/ent.news\/2021\/11\/SODIC-Aldar-offer-announcement.pdf\">the details (pdf)<\/a> of the MTO, in which Aldar and ADQ are offering EGP 20 per share. The MTO subscription period wraps on Tuesday, 7 December. The Financial Regulatory Authority had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0a12ab5-51fd-4f47-a266-6e199dafba68\">greenlit<\/a> the MTO yesterday.<\/p>\n<p><strong>HAPPENING NOW- <\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.comesa.int\/\">Comesa head of state and government summit<\/a><\/strong><strong> is currently underway<\/strong> at the new administrative capital. President Abdel Fattah El Sisi assumed Egypt\u2019s chairmanship of Comesa at the opening ceremony of the summit earlier this morning, according to an Ittihadiya <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/450339819788085\">statement<\/a>. The president will be involved in setting the summit\u2019s medium-term goals for 2021-2025, which will include improving regional trade between the summit\u2019s nations, in tandem with the African Union\u2019s Continental FreeTrade Area (<a href=\"https:\/\/au.int\/en\/ti\/cfta\/about\">AfCFTA<\/a>). You can see his opening remarks here (<a href=\"https:\/\/www.youtube.com\/watch?v=s1RIgaln2zc\">runtime: 15:16<\/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>Aldar-ADQ acquisition of SODIC approved by FRA:<\/strong> <strong>New tariffs on imported phones:<\/strong> All imported mobile phones will be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2913d0ad-bce1-47be-8b4e-7b1388e7a610\">subject to<\/a> a 10% import tariff, double the 5% originally imposed last year, with only phones assembled by local electronics outfit Sico exempt.<\/li>\n<li><strong>Slightly less cement oversupply: <\/strong>Production is on course to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2c765dd-07a0-489c-919e-8a64ab7bddb2\">easily outstrip demand<\/a> in 2021 despite production cuts being introduced in July to ease the years-long supply glut.<\/li>\n<li><strong>A national hydrogen strategy is in the works: <\/strong>The government is currently contracting with a global consulting office to develop a national hydrogen strategy, Electricity Minister Mohamed Shaker said. <sup><\/sup><\/li>\n<\/ul>\n<p><strong>THE BIG STORIES ABROAD-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Biden turns on the crude taps in defiance of OPEC: <\/strong>The US will release 50 mn bbl of crude oil from its Strategic Petroleum Reserve over the next few months, according to a White House <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/11\/23\/president-biden-announces-release-from-the-strategic-petroleum-reserve-as-part-of-ongoing-efforts-to-lower-prices-and-address-lack-of-supply-around-the-world\/\">statement<\/a>, as part of an unprecedented effort to bring down global prices in tandem with countries including China, India, Japan, Korea and the UK. The move is likely to draw the ire of the Saudi-led OPEC group of oil exporting nations, which has repeatedly ignored calls from the US and other countries to up supply as demand rebounds following the pandemic, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-23\/u-s-announces-coordinated-oil-release-that-may-draw-ire-of-opec?sref=mmeFTDW1\">Bloomberg<\/a> reports. US benchmark oil prices slid slightly on the news, with WTI futures for January<a href=\"https:\/\/www.cnbc.com\/quotes\/@CL.1\">s<\/a><a href=\"https:\/\/www.cnbc.com\/quotes\/@CL.1\">lipping 0.6% to U<\/a><a href=\"https:\/\/www.cnbc.com\/quotes\/@CL.1\">SD 76.33\/bbl<\/a> as of dispatch time.<\/p>\n<p><strong>It\u2019s a risky move, and OPEC is baring its teeth: <\/strong>Biden has arranged the largest ever privately agreed release of oil from global reserves, as he attempts to break what some see as an OPEC-led stranglehold on supply. But OPEC+ officials have warned that they could cancel their own planned supply increases in response at the group\u2019s December meeting, setting the stage for a tug-of-war on oil prices in the global market. Meanwhile, a resurgence of covid across Europe and the US could slow the momentum behind the recent pickup in demand, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-22\/oil-slips-as-investors-assess-opec-response-to-reserve-release?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>TRY takes a tumble (again):<\/strong> Turkey\u2019s TRY extended its losses today to reach fresh lows with one of its biggest one-day drops after the country\u2019s central banks decided to slash interest rates <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9c185dc5-4954-421f-af20-b91e9614cc65\">last week<\/a>, while President Recep Tayyip Erdogan insists lower interest rates are crucial for boosting economic growth. The currency has been steadily falling 11 days in a row \u2014 its longest losing streak in 20 years \u2014 and is down around 40% against the greenback YTD. Erdogan\u2019s grip on Turkey\u2019s central bank has seen him fire multiple governors and other committee members who were not on board with his monetary policy visions, leading market confidence in a potential reversal of the rate cuts to all but dissipate. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-23\/lira-weakens-past-12-per-dollar-after-erdogan-defends-low-rates?sref=mmeFTDW1\">Bloomberg<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/42c4a40c-8aec-4aee-94dc-dba5208a12f9\">Financial Times<\/a> have the story.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The Home Appliances and Table Show (<\/strong><strong><a href=\"http:\/\/hatsegypt.com\/\">HATS Egypt<\/a><\/strong><strong>)<\/strong> is ongoing and will wrap up tomorrow. The event is organized by the Engineering Export Council of Egypt and brings together companies working in the home appliances sector.<\/p>\n<p><strong>Startup gathering <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/857701738279267\/\">RiseUp<\/a><\/strong><strong> starts on Thursday <\/strong>and runs through Saturday.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.facebook.com\/CairoFilms\/photos\/a.386668088207064\/1611462495727611\/\">Cairo International Film Festival<\/a><\/strong><strong> kicks off<\/strong> its weeklong run this coming Friday.<\/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>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>The mercury has started to inch upwards, with a daytime high of 25\u00b0C tomorrow and a nighttime low of 17\u00b0C, 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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/asian-infrastructure-investment-bank\/\">Asian Infrastructure Investment Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/comesa\/\">COMESA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/\">development finance<\/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=\"554940\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240927.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/mashreq.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27486.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-af8q7hs\" data-v=\"4\" data-block-id=\"af8q7hs\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-af8q7hs-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-af8q7hs-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-e49uz75\" data-v=\"4\" data-block-id=\"e49uz75\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-e49uz75-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-e49uz75-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" 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=\"554941\" 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=\"554941\">\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\/2021\/11\/23\/tolkien-estate-quashes-lotr-inspired-crypto-einsteins-theory-of-relativity-is-up-for-auction\/\">\r\n                            Tolkien estate quashes LOTR inspired crypto + Einstein\u2019s theory of relativity is up for auction                        <\/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\/11\/23\/tolkien-estate-quashes-lotr-inspired-crypto-einsteins-theory-of-relativity-is-up-for-auction\/\" 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\/11\/23\/tolkien-estate-quashes-lotr-inspired-crypto-einsteins-theory-of-relativity-is-up-for-auction\/')\">\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\/11\/23\/tolkien-estate-quashes-lotr-inspired-crypto-einsteins-theory-of-relativity-is-up-for-auction\/\">\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=Tolkien estate quashes LOTR inspired crypto + Einstein\u2019s theory of relativity is up for auction&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/23\/tolkien-estate-quashes-lotr-inspired-crypto-einsteins-theory-of-relativity-is-up-for-auction\/\">\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\/11\/23\/tolkien-estate-quashes-lotr-inspired-crypto-einsteins-theory-of-relativity-is-up-for-auction\/&title=Tolkien estate quashes LOTR inspired crypto + Einstein\u2019s theory of relativity is up for auction\">\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=Tolkien+estate+quashes+LOTR+inspired+crypto+%2B+Einstein%E2%80%99s+theory+of+relativity+is+up+for+auction+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F23%2Ftolkien-estate-quashes-lotr-inspired-crypto-einsteins-theory-of-relativity-is-up-for-auction%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\/11\/23\/tolkien-estate-quashes-lotr-inspired-crypto-einsteins-theory-of-relativity-is-up-for-auction\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/208.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"554942\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/23\/tolkien-estate-quashes-lotr-inspired-crypto-einsteins-theory-of-relativity-is-up-for-auction\/208-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/208.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"208.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/208.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/208.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554941\" class=\"content-area-description single-story post-554941 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-cryptocurrency tag-enterprisepm tag-for-your-commute tag-science tag-tesla wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>One token to rule them all: <\/strong>A \u201cJRR Token\u201d cryptocurrency has been removed from circulation after complaints by the Tolkien estate, reports the <a href=\"https:\/\/www.ft.com\/content\/fe9837d3-ff6a-4abf-8ab0-a5fe98d95855\">Financial Times<\/a>. The estate of Lord of the Rings\u2019 author JRR Tolkien filed a complaint with the World Intellectual Property Organization (<a href=\"https:\/\/www.wipo.int\/\">WIPO<\/a>) after the launch in August of the cryptocurrency \u2014 which used the JRRToken.com domain name for a website that \u201cfeatured rings, hobbit holes and a wizard with an uncanny resemblance to Gandalf.\u201d WIPO\u2019s decision that the developer sought to take advantage of Tolkien\u2019s fame came in spite of the developer\u2019s insistence that \u201ctoken\u201d was a generic term that was unrelated to Tolkien.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Albert Einstein\u2019s notes are going up for auction and are expected to raise EUR <\/strong><strong>mns: <\/strong>The physicist\u2019s handwritten notes on the theory of relativity will be auctioned off in Paris today by Christie's as part of <a href=\"https:\/\/www.christies.com\/en\/auction\/the-exceptional-sale-29229\/Viewing%20room\">The Exceptional Sale<\/a> collection, the auction house announced. The 54-page working manuscript was written by Einstein and Michele Besso between June 1913 and early 1914. The manuscript is the \u201cmost valuable\u201d of Einstein\u2019s notes since it is one of only two surviving manuscripts documenting the genesis of general relativity. The collectible is expected to fetch some EUR 2-3 mn and you can check out live updates from the auction when it starts at 7:30 CLT.<\/p>\n<p><strong>Tesla holds a sway over the stock market<\/strong> <strong>far bigger than its market cap justifies<\/strong>, reports the <a href=\"https:\/\/www.ft.com\/content\/17f0cd1f-e751-4ddb-b13c-ea4e685b55c0\">Financial Times<\/a>. The company is less affected by market trends than it is by factors like its CEOs <a href=\"https:\/\/twitter.com\/elonmusk\">tweets<\/a> or BTC, allowing it to operate outside of conventional market influences. What the newswire calls the \u201cTesla-financial complex\u201d is also largely due to a complex of associated investment vehicles, copycats and associated derivatives that give the company a role that far exceeds its USD 1.1 tn valuation. The company\u2019s options market is so massive \u2014 its nominal trading value averaged USD 241 bn per day recently, and it is more than 60 times as active as the FTSE 100 options market \u2014 that it affects how markets price risk. The FT even argues that the success of its stock has spilled over onto other EV companies, with Amazon backed EV startup <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/daa685ce-c5c2-41eb-ae10-1d6eebb8abc2\">Rivian<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/acea029c-df12-430f-894d-c092ff0eafb5\">Lucid<\/a> receiving high valuations due to the \u201chalo effect\u201d associated with Tesla.<\/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\/cryptocurrency\/\">cryptocurrency<\/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\/science\/\">science<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tesla\/\">Tesla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"554943\" 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=\"554943\">\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\/11\/23\/your-rundown-on-everything-happening-in-the-champions-league-tonight-netflix-probes-the-human-mind-again-with-season-2-of-the-mind-explained\/\">\r\n                            Your rundown on everything happening in the Champions League tonight + Netflix probes the human mind again with season 2 of The Mind, Explained                        <\/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\/11\/23\/your-rundown-on-everything-happening-in-the-champions-league-tonight-netflix-probes-the-human-mind-again-with-season-2-of-the-mind-explained\/\" 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\/11\/23\/your-rundown-on-everything-happening-in-the-champions-league-tonight-netflix-probes-the-human-mind-again-with-season-2-of-the-mind-explained\/')\">\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\/11\/23\/your-rundown-on-everything-happening-in-the-champions-league-tonight-netflix-probes-the-human-mind-again-with-season-2-of-the-mind-explained\/\">\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=Your rundown on everything happening in the Champions League tonight + Netflix probes the human mind again with season 2 of The Mind, Explained&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/23\/your-rundown-on-everything-happening-in-the-champions-league-tonight-netflix-probes-the-human-mind-again-with-season-2-of-the-mind-explained\/\">\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\/11\/23\/your-rundown-on-everything-happening-in-the-champions-league-tonight-netflix-probes-the-human-mind-again-with-season-2-of-the-mind-explained\/&title=Your rundown on everything happening in the Champions League tonight + Netflix probes the human mind again with season 2 of The Mind, Explained\">\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=Your+rundown+on+everything+happening+in+the+Champions+League+tonight+%2B+Netflix+probes+the+human+mind+again+with+season+2+of+The+Mind%2C+Explained+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F23%2Fyour-rundown-on-everything-happening-in-the-champions-league-tonight-netflix-probes-the-human-mind-again-with-season-2-of-the-mind-explained%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\/11\/23\/your-rundown-on-everything-happening-in-the-champions-league-tonight-netflix-probes-the-human-mind-again-with-season-2-of-the-mind-explained\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/209.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"554944\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/23\/your-rundown-on-everything-happening-in-the-champions-league-tonight-netflix-probes-the-human-mind-again-with-season-2-of-the-mind-explained\/209-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/209.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"209.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/209.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/209.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554943\" class=\"content-area-description single-story post-554943 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-auc tag-enterprise-recommends tag-enterprisepm tag-netflix tag-sports tag-startups 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><\/p>\n<p>(all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Season two of <\/strong><strong><a href=\"https:\/\/www.netflix.com\/title\/81098586\">The Mind, Explained<\/a><\/strong><strong> is out on Netflix: <\/strong>The streamer\u2019s spinoff of Vox\u2019s Explained series looks at different topics concerning the functioning and development of our brain. The first episode of the season, titled \u201cHow to Focus,\u201d is the best out of the five in our opinion, and looks at how human beings developed their attention spans over time. It takes us through the history, but ultimately focuses on how the many stimuli we encounter today have resulted in our brains becoming unable to multitask and focus. Next up is an episode on the \u201cTeenage Brain\u201d which delves into how brains work during the hormone-driven adolescent phase, and \u201cPersonality\u201d which explores how people develop various personality traits and characteristics, as well as how the brain tends to fall prey to stereotypes. The episode titled \u201cCreativity\u201d challenges the theory that the right hemisphere of the brain is the center of imagination, while the final episode looks at the phenomenon of \u201cBrainwashing\u201d and how people, from politicians to psychopaths, have the ability to manipulate others.<\/p>\n<p>\u26bd <strong>It\u2019s an important day in the Champions League<\/strong> as we enter the fifth round of the group stage matches and get closer to seeing who will make it to the finals:<\/p>\n<p><strong>Group E:<\/strong> Bayern Munich (who has already qualified for the next round) will compete against Dynamo Kiev at 7:45pm. Meanwhile, Barcelona (currently ranking second) is playing a fate-deciding match against Benfica at 10pm as the former needs a victory to ensure its qualification. Benfica won\u2019t go down easy, as gaining the upper hand in the match means it can overtake the Catalan team in the standings if it gets the three points and overtake Barcelona.<\/p>\n<p><strong>Group standings:<\/strong> Bayern (12 points) - Barcelona (6 points) - Benfica (4 points) - Dynamo Kiev (1 point).<\/p>\n<p><strong>Group F: <\/strong>Group leaders Villarreal will play against Manchester United at 7:45pm, with both teams tied in terms of points, but set apart by differences in the number of goals. The match will have a decisive role in determining the qualifications. Atlanta (in third) is competing against the Young Boys at 10pm and both teams can still technically qualify for the round of 16.<\/p>\n<p><strong>Group standings: <\/strong>Villarreal (7 points) - Manchester (7 points) - Atlanta (5 points) - Young Boys (3 points).<\/p>\n<p><strong>Group H:<\/strong> Juventus and Chelsea have both already qualified for the next round, but will play today's match for fun at 10pm. Meanwhile, Zenit St. Petersburg will face Malmo at 10pm as well.<\/p>\n<p><strong>Group standings: <\/strong>Juventus (12 points) - Chelsea (9 points) - Zenit (3 points) - Malmo (zero).<\/p>\n<p><strong>Group G: <\/strong>The least popular of the groups, with teams such as Salzburg, Lille, Wolfsburg, and Seville. Lille will play against Salzburg and Seville will compete against Wolfsburg, both at 10pm.<\/p>\n<p><strong>Group standings:<\/strong> Salzburg (7 points) - Lille (5 points) - Wolfsburg (5 points) - Seville (3 points).<\/p>\n<p><strong>In the Egyptian League<\/strong>, Al Mokawaloon will play against Ismaily at 5:30pm, while Future competes against Enppi at 8:00pm.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong><a href=\"https:\/\/www.instagram.com\/celesta.eg?utm_medium=copy_link\">Celesta Chocolatier<\/a><\/strong><strong> makes art in a box: <\/strong>The pink-branded store in Sheraton makes all kinds of sweet treats, but their specialty is their bite-sized Belgian chocolates. The chocolates are beautifully decorated, coming in the form of leaves, seashells, hearts, crowns, pineapples, coins, and more. If you\u2019re an eclair fan, you\u2019ll love their varieties of the pastry, which comes in hazelnut, pistachio, raspberry, and Lotus \u2014 all in keeping with their attention to aesthetics. Celesta also sells different types of fancily-shaped gateaux, cakes, muffins, macarons, and even gelato, ensuring that anyone with a sweet tooth will find their gold and white shop a haven.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/plug-vol1-downtown-chill\/426725435610913\/\">Plug Vol.1 - Downtown Chill<\/a><\/strong><strong> is GrEEK Campus\u2019 newest event series<\/strong>, this time featuring three women artists from the independent music scene: Dina El Wedidi, Maryam Saleh, Nouran Abu Taleb. Celebrating the eighth anniversary of the GrEEK Campus, the concert will take place on Thursday at 7pm, with tickets available <a href=\"https:\/\/www.ticketsmall.com\/events\/e59086b715ad4bd3a0e4c40c756dc4a1?accNo=fm%2BWWnXCx1kRHp%2BQR%2FuDow%3D%3D&fbclid=IwAR3SdPpRC-Qf69pMPQV0cNmSvo9X7Pvb2Jy2lthSDqHcSdP1z3UTWIiscqg\">here<\/a>.<\/p>\n<p><strong>El Far3i will also be playing at the GrEEK Campus<\/strong> <a href=\"https:\/\/www.facebook.com\/events\/s\/el-far3i-live-in-greek-campus-\/1071918983594222\/\">on Friday at 4pm<\/a>. Also hitting the stage as part of the concert are Ali Wezzy, Moussa Sam, and Gelba.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The rules of ownership that rule our lives: <\/strong><a href=\"https:\/\/www.amazon.com\/Mine-Hidden-Rules-Ownership-Control\/dp\/0385544723\">Mine<\/a> by Michael Heller and James Salzman explores the dynamics and psychology of ownership from the moment we learn the word \u201cmine\u201d as babies, all the way through to owning a house, in a society where practically everything is owned by someone. But the story becomes much larger than just owning property \u2014 who owns creative property, data, and even airspace and the pollution that comes with it? Ownership is a central factor in the discussion of topics such as digital privacy, climate change, and wealth inequality. The book presents the \u201csix simple stories that everyone uses to claim everything,\u201d proposing that by knowing these stories, people can change the narrative and scope of responsibility surrounding some of the biggest issues facing the human race today.<\/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\/auc\/\">AUC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/netflix\/\">Netflix<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/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=\"554945\" 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=\"554945\">\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\/11\/23\/meet-our-analyst-of-the-week-hcs-mai-atef\/\">\r\n                            Meet our analyst of the week: HC\u2019s Mai Atef                        <\/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\/11\/23\/meet-our-analyst-of-the-week-hcs-mai-atef\/\" 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\/11\/23\/meet-our-analyst-of-the-week-hcs-mai-atef\/')\">\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\/11\/23\/meet-our-analyst-of-the-week-hcs-mai-atef\/\">\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 analyst of the week: HC\u2019s Mai Atef&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/23\/meet-our-analyst-of-the-week-hcs-mai-atef\/\">\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\/11\/23\/meet-our-analyst-of-the-week-hcs-mai-atef\/&title=Meet our analyst of the week: HC\u2019s Mai Atef\">\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+analyst+of+the+week%3A+HC%E2%80%99s+Mai+Atef+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F23%2Fmeet-our-analyst-of-the-week-hcs-mai-atef%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\/11\/23\/meet-our-analyst-of-the-week-hcs-mai-atef\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/211.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"554946\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/23\/meet-our-analyst-of-the-week-hcs-mai-atef\/211-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/211.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"211.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/211.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/211.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554945\" class=\"content-area-description single-story post-554945 post type-post status-publish format-standard has-post-thumbnail hentry category-go-with-the-flow tag-enterprisepm tag-go-with-the-flow tag-hc-securities 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>OUR ANALYST OF THE WEEK-<\/strong> Mai Atef, senior asset management analyst at HC Securities Egypt (<a href=\"https:\/\/www.linkedin.com\/in\/maiatef\/?originalSubdomain=eg\">Linkedin<\/a>).<\/p>\n<p><strong>My name is Mai Atef and I\u2019m currently working as a senior asset management analyst at HC Securities.<\/strong> I graduated with a major in economics from Cairo University and I also have a minor in computational social science. I started work at the Planning Ministry in the strategic planning unit, which was a great experience and gave me exposure to many different sectors early on in my career, from K-12 education and vocational training to urban planning. It helped me learn how to align the interests of several stakeholders, and it\u2019s been very fulfilling to see the initiatives I worked on come to light years after leaving the ministry.<\/p>\n<p><strong>I then moved to Prime Holding <\/strong>where I was an economist for a brief period of time \u2014 it was actually during the EGP float \u2014 before becoming an equity analyst. I stayed at Prime for three years and then moved to Shuaa Securities Egypt as a sell-side analyst. Next up was Delta Inspire, which operates more as a VC and often saw me work with SMEs. Finally, I landed my current position at HC where I mostly cover basic materials, consumers, and fintech.<\/p>\n<p><strong>The best part of my job is that I\u2019m constantly learning new things.<\/strong> It\u2019s a requirement to read a lot about different topics, as this keeps you up to date with what\u2019s happening in the world. With time, you learn to relate things happening on different continents to each other. It\u2019s also very nice to be able to make recommendations that drive decision making and knowing you were part of the outcome.<\/p>\n<p><strong>The worst part of my job is that it\u2019s demanding. <\/strong>However, it\u2019s also very rewarding so it kind of offsets the stress for me.<\/p>\n<p><strong>My theory of investment is to look long-term and go for stocks with strong fundamentals.<\/strong> I also pay attention to companies\u2019 business models and management \u2014 especially how they react to events happening in the market and their industry. Finally, their client management is something important to look at, as it reflects their transparency and communication.<\/p>\n<p><strong>I recommend stocks based on the risk-appetite of the specific investor I\u2019m talking to.<\/strong> It\u2019s important to settle the tone of the investment early on, and I often choose a straightforward approach and ask how much risk they\u2019re willing to take. The answer can vary, with some choosing to take on more high-return stocks while others would rather stick to T-bills and bonds. I usually encourage some diversification between both tracks. These days most people are in the middle of the spectrum and not many people go to extremes in either direction.<\/p>\n<p><strong>2022 could be the year of Egypt, but it really depends on certain decisions currently being taken on the capital market. <\/strong>There\u2019s also a lot happening on the international front that is causing uncertainty, such as the Fed\u2019s decision on interest rates and the current leadership at the Fed, including Jay Powell\u2019s renomination and Lael Brainard\u2019s appointment as vice-chair.<sup><\/sup> But there are positive indications as well, such as the stream of IPOs slated for next year which could bode well for the EGX, especially if there was a greater role for the private sector in the economy.<\/p>\n<p><strong>The last great thing I watched was <\/strong><strong><a href=\"https:\/\/www.netflix.com\/title\/81166770\">Maid<\/a><\/strong><strong>.<\/strong> It really showed violence and abuse from different perspectives, and the show itself was beautifully created. I also enjoyed <a href=\"https:\/\/www.netflix.com\/title\/81025735\">The Playbook<\/a>, which shows sports coaches reflect on how they achieved success.<\/p>\n<p><strong>All my reading has been related to the courses I took as part of the <\/strong><strong><a href=\"https:\/\/www.knowledgeofficer.com\/fintech-academy\">Fintech Academy<\/a><\/strong><strong>.<\/strong> The academy is a program by Knowledge Officer and GIZ that really delves into fintech and startups. They take a broad approach at first, but also focus on Egypt and the region. I went into the program when I was still at Delta Inspire, and it really helped me in general. It was interesting to learn about the dynamics of early entrepreneurs and meet and work with people who have startups or are aiming to launch them. I also joined the <a href=\"https:\/\/business.aucegypt.edu\/execed\/individual-programs\/banking-and-finance\/venture-capital\">Venture Capital program<\/a> at the AUC School of Business which gave me insights from the other perspective, as it looks at how you would think and act if you\u2019re part of an investment company. Both programs really help you build connections in the market.<\/p>\n<p><strong>At one point, I hope all my interests will come together in my job.<\/strong> I enjoyed the development aspect at the finance ministry of course, and working with startups. I see it happening as impact investing and ESGs become more important in Egypt.<\/p>\n<p><strong>I\u2019ve recently gotten into rowing.<\/strong> I like that it's a sport that you can start your day with and that it entails a lot of discipline and consistency.<\/p>\n<hr class=\"grey-line\">\n<p><strong>EARNINGS WATCH- <\/strong><\/p>\n<p><strong>Egyptian <\/strong><sup><\/sup><strong>Resorts Company (ERC) reversed its losses in 3Q2021, reporting EGP 9.2 mn in<\/strong><strong> net income<\/strong>, compared to a net loss of EGP 1.5 mn during the same quarter last year, according to <a href=\"https:\/\/ent.news\/2021\/11\/ERC-financial-statements.pdf\">a company financial statement (pdf)<\/a>. ERC revenues inched upwards 38.5% y-o-y to EGP 61.9 mn during 3Q2021. The group reported losses worth EGP 4.3 mn during 9M2021, falling from the first nine months of last year, while 9M2021 revenues fell 17.9% y-o-y to EGP 103.5 mn.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 rose less than 0.1% at today\u2019s close<\/strong> on turnover of EGP 968 mn (33.6% below the 90-day average). Foreign investors were net sellers. The index is up 4.8% YTD.<\/p>\n<p><strong>In the green: <\/strong>Palm Hills Development (+5.2%), Raya Holding (+3.7%) and Pioneers Properties (+2.6%).<\/p>\n<p><strong>In the red: <\/strong>Abou Kir Fertilizers (-1.1%), Eastern Company (-0.8%) and CIB (-0.6%).<\/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\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hc-securities\/\">HC Securities<\/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=\"554947\" 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\/11\/23\/554947\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554947\" class=\"content-area-description single-story post-554947 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>November: The French-Egyptian Business Forum is set to take place in the Suez Canal Economic Zone.<\/p>\n<p>November: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/163314772505618\">host another round of talks<\/a> to reach a potential Egyptian-Eurasian trade agreement, which can significantly contribute to increasing the volume of Egyptian exports to the Russia-led bloc that includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.<\/p>\n<p>22-24 November (Monday-Wednesday): The Home Appliances and Table Show (<a href=\"http:\/\/hatsegypt.com\/\">HATS Egypt<\/a>) is taking place, organized by the Engineering Export Council of Egypt.<\/p>\n<p>23 November: 2021 Common Market for Eastern and Southern Africa (Comesa) summit in Sharm El Sheikh.<\/p>\n<p>23 November (Tuesday): Webinar on <a href=\"https:\/\/register.gotowebinar.com\/register\/1994227539316855563\">FinTech Future in Egypt<\/a>.<\/p>\n<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=\"https:\/\/ent.news\/2021\/11\/EGX-announcement-%E2%80%94-Aldar-_-SODIC-MTO.pdf\">pdf<\/a>).<sup><\/sup><\/p>\n<p>25 November (Thursday): Rameda Pharma\u2019s <a href=\"https:\/\/bit.ly\/3bCRthH\">annual general meeting (pdf)<\/a>, at which it will decide on the sale of a 5% stake in the company from an individual shareholder to an unnamed institutional investor.<\/p>\n<p>25 November (Thursday): Ibnsina Pharma\u2019s <a href=\"https:\/\/ent.news\/2021\/11\/Ibn-Sina_Pharma-earnings-report-141121.pdf\">extraordinary general assembly meeting (pdf)<\/a> to discuss the company\u2019s planned capital increase to EGP 280 mn through a share issuance.<\/p>\n<p>25-27 November (Thursday-Saturday): <a href=\"https:\/\/www.facebook.com\/events\/857701738279267\/\">RiseUp Summit<\/a>, Cairo, Egypt.<\/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>28 November-1 December (Sunday-Wednesday): <a href=\"https:\/\/creativeindmena.com\/\">Creative Industry Summit<\/a>, Nile Ritz-Carlton.<\/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>30 November (Tuesday): Launch of open call by KfW for green project proposals in Egypt as part of their <a href=\"https:\/\/ent.news\/2021\/11\/2021-11-08_FINAL_EGY-ONLY-announcement-en-1.pdf\">Investing for Employment facility (pdf).<\/a><\/p>\n<p>End of November: El Nasr Automotive expects to have found a replacement for Dongfeng as its partner for its local EV assembly plans.<\/p>\n<p>1 December (Wednesday): Unvaccinated members of the public will be banned from government buildings from this date; unvaccinated students will be prevented from accessing university campuses.<\/p>\n<p>1 December (Wednesday): Government departments will begin moving to offices in the new capital.<\/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-Thursday): <a href=\"https:\/\/www.gfhsegypt.com\/\">Global Forum for Higher Education and Scientific Research (GFHS)<\/a>, Cairo, Egypt.<\/p>\n<p>10 December (Friday): Capmas will release November inflation figures.<\/p>\n<p>12 December (Sunday): Raya Holding\u2019s Ordinary General Assembly meeting.<\/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>14-19 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. <sup><\/sup><\/p>\n<p>1 January 2022: Capital gains tax comes into effect on the EGX for local investors.<\/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: World Cup playoffs.<\/p>\n<p>2 April 2022 (Saturday): First day of Ramadan (TBC).<\/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><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":554938,"template":"","categories":[],"tags":[],"class_list":["post-554937","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0a85f9f5-33ba-442e-b20a-36911de58be9","teaser":"","photo_url":"https:\/\/ent.news\/2021\/11\/205.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Our post-covid recovery gets another shot in the arm from the AIIB - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our post-covid recovery gets another shot in the arm from the AIIB\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T00:42:20+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/205.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/\",\"name\":\"Our post-covid recovery gets another shot in the arm from the AIIB - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/205.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-11-23T13:31:28+00:00\",\"dateModified\":\"2025-12-16T00:42:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/205.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/205.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Afternoon\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/PMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Our post-covid recovery gets another shot in the arm from the AIIB\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Our post-covid recovery gets another shot in the arm from the AIIB - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/","og_locale":"en_US","og_type":"article","og_title":"Our post-covid recovery gets another shot in the arm from the AIIB","og_url":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T00:42:20+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/205.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/","url":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/","name":"Our post-covid recovery gets another shot in the arm from the AIIB - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/205.jpg?fit=%2C&ssl=1","datePublished":"2021-11-23T13:31:28+00:00","dateModified":"2025-12-16T00:42:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/205.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/205.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/our-post-covid-recovery-gets-another-shot-in-the-arm-from-the-aiib\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Afternoon","item":"https:\/\/enterpriseam.com\/egypt\/PMarchives\/"},{"@type":"ListItem","position":3,"name":"Our post-covid recovery gets another shot in the arm from the AIIB"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/554937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/afternoon"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/554938"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}