{"id":556862,"date":"2021-10-25T13:45:32","date_gmt":"2021-10-25T13:45:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=556862"},"modified":"2025-12-16T01:27:37","modified_gmt":"2025-12-16T01:27:37","slug":"enterprise-from-auc-to-mnhd-and-sudan-its-the-accidental-leadership-shakeup-issue","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-from-auc-to-mnhd-and-sudan-its-the-accidental-leadership-shakeup-issue\/","title":{"rendered":"Enterprise From AUC to MNHD and Sudan. It\u2019s the accidental leadership shakeup issue."},"content":{"rendered":"<section id=\"556864\" 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=\"556864\">\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\/10\/25\/tonight-ahmed-dallal-inaugurated-as-aucs-newest-president-mnhd-acquiring-a-stake-in-minka-development-russian-hacks-are-back\/\">\r\n                            TONIGHT: Ahmed Dallal inaugurated as AUC\u2019s newest president + MNHD acquiring a stake in Minka Development + Russian hacks are back                        <\/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\/10\/25\/tonight-ahmed-dallal-inaugurated-as-aucs-newest-president-mnhd-acquiring-a-stake-in-minka-development-russian-hacks-are-back\/\" 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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Meanwhile, Sudan\u2019s coup has the entire world\u2019s attention.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>THE BIG STORIES TODAY-<\/strong><\/p>\n<p><strong>#1-<\/strong> <strong>Real estate M&A:<\/strong> Madinet Nasr for Housing and Development intends to acquire an undisclosed stake in real estate firm Minka Development, and has appointed the head of the developer as its new CEO, it said in a series of EGX disclosures today (<a href=\"https:\/\/ent.news\/2021\/10\/269893_1.pdf\">pdf<\/a> - <a href=\"https:\/\/ent.news\/2021\/10\/MNHD-New-CEO.pdf\">pdf<\/a>).<\/p>\n<p><strong>#2- More vaccines have landed:<\/strong> A shipment of 1.06 mn Johnson & Johnson vaccines landed in Egypt, the Health Ministry <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/190577819920107?__cft__[0]=AZUCoKGL4mvkkXCbRpAtKvJGmiZdsgXjutrFdLSxbXYik0StzpSmGRMgN4r2Jd8pjia2LZEmwZyc1vi-0pIzh0GIc9-SRSNGxTZpfnEZfM0WpsAAuPE1UDfS4x8WW0QZ6RLvrK0w2Kk6WiD6h4eiYjpa7dF1lRV170OjHY1LJGciSQ&__tn__=%2CO%2CP-R\">said<\/a> this morning.<\/p>\n<p><strong>^^ We\u2019ll have more on all of these stories in tomorrow\u2019s EnterpriseAM.<\/strong><\/p>\n<p><strong>** CATCH UP QUICK <\/strong>on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>e-Finance could list two subsidiaries following IPO -chairman:<\/strong> State-owned fintech firm e-Finance could follow up last week\u2019s blockbuster IPO on the EGX with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8688dd34-1172-476a-879c-52cb7420d2ad\">fresh listings<\/a> of its subsidiaries Khales and e-Cards.<\/li>\n<li><strong>Egypt could get EUR 1 bn for development from the EU by 2027:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef5bb7ad-6f4d-41d0-9f8c-1bca27980648\">The plan<\/a> will help drive \u201clong-term socio-economic development and recovery\u201d and sets water security as one of its top priorities, EU Commissioner for Neighborhood and Enlargement Oliver Varhelyi said.<\/li>\n<li><strong>Egypt on track to achieve self-sufficiency in fuel products by 2023:<\/strong> Large-scale upgrades to oil refineries and new facilities <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6a3036a-5d06-47cb-996e-23372a87145a\">will come online<\/a> and are expected to add an annual production capacity of 6.2 mn tonnes of refined products, including gasoline and diesel, Oil Minister Tarek El Molla said.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>HAPPENING NOW- <\/strong><strong><a href=\"https:\/\/www.aucegypt.edu\/about\/statements\/ahmad-dallal-named-auc-president\">Ahmed Dallal<\/a><\/strong><strong> is currently being inaugurated as AUC\u2019s <\/strong><strong>new president in a ceremony which you can<\/strong><strong><a href=\"https:\/\/www.aucegypt.edu\/inauguration\">watch online here<\/a><\/strong><strong>. <\/strong>Dallal \u2014 a polymath and accomplished multilingual engineer who became a scholar of Islamic studies \u2014 becomes the first Arab president of the storied university. We look forward to good things from him in the years to come and we look forward to getting a chance to meet him and pick his brain on education here in Egypt.<\/p>\n<p><strong>CLARIFICATION- The folks at AUC would like you to know that \u201cthe protocol signed <\/strong><strong>between the government of Egypt and the United States that led to the University\u2019s foundation stipulates an American president. <\/strong>President Ahmad Dallal is an American of Arab origin. And beyond that limitation, the selection of an AUC president is based on qualifications, not ethnic origin or gender.\u201d<\/p>\n<p><strong>That does not change our sincere hope that the president who follows Dallal (may it be many, many years hence) should be of Egyptian heritage.<\/strong> Surely, given how many of us there are, there is someone qualified academically, as a leader, and by virtue of citizenship.<\/p>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORIES ABROAD-<\/strong><\/p>\n<p><strong>So much for Sudan\u2019s democratic transition:<\/strong> The Sudanese army has staged an apparent coup against the joint military-civilian administration that was supposed to hand over the reins of government to civilians next month, detaining the prime minister and dissolving the sovereign council in power since the overthrow of long-time dictator Omar Al Bashir in 2019. <strong>We have the full story in today\u2019s Enterprise Explains, below.<\/strong> (<a href=\"https:\/\/apnews.com\/article\/middle-east-africa-sudan-arrests-omar-al-bashir-c8d027c0a9e250fcb5a595bdc987d282\">AP<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/africa\/military-forces-arrest-senior-civilian-figures-sudan-al-hadath-tv-2021-10-25\/\">Reuters<\/a> | <a href=\"https:\/\/www.ft.com\/content\/7bd25e7b-6c72-4aa9-97cc-ac4275b0e329\">FT<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/sudan-army-leader-vows-new-government-after-premier-arrested?srnd=premium-africa\">Bloomberg<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/sudanese-prime-minister-detained-in-apparent-military-coup-11635150306?mod=hp_lead_pos10\">WSJ<\/a>).<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Revelations in the \u201cFacebook Papers\u201d are being published \u2014 and it\u2019s not a pretty <\/strong><strong>picture.<\/strong> This morning, US and European news organizations began to make public information contained in the hundreds of documents handed over by company whistleblower Frances Haugen. The papers paint a picture of a company prioritizing its bottom line over the safety of its users, knowingly fuelling hate speech and censoring activists in authoritarian countries. Inexplicably, several documents suggest that the company has often been unable to understand its own algorithm. The news is everywhere in the global press this afternoon: <a href=\"https:\/\/apnews.com\/hub\/the-facebook-papers\">AP<\/a> | <a href=\"https:\/\/www.reuters.com\/technology\/facebook-knew-about-failed-police-abusive-content-globally-documents-2021-10-25\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/facebook-files-show-growth-struggles-as-young-users-in-u-s-decline?srnd=premium-middle-east\">Bloomberg<\/a> | <a href=\"https:\/\/www.nytimes.com\/2021\/10\/25\/technology\/facebook-like-share-buttons.html\">NYT<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/technology\/2021\/10\/25\/mark-zuckerberg-facebook-whistleblower\/\">Washington Post<\/a> | <a href=\"https:\/\/www.ft.com\/content\/80550e88-eee8-475e-aada-d3d4618a3ff6\">FT<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/facebook-politics-decision-making-documents-11635100195?mod=hp_lead_pos7\">WSJ<\/a>.<\/p>\n<p><strong>ALSO IN TECH- Russian hacks are back<\/strong>: Russian state-backed hacker group Nobelium has successfully compromised 14 of more than 140 targeted cloud service providers and resellers, Microsoft said <a href=\"https:\/\/blogs.microsoft.com\/on-the-issues\/2021\/10\/24\/new-activity-from-russian-actor-nobelium\/\">in a blog<\/a>. The Russian intelligence-affiliated group that brought us last year\u2019s <a href=\"https:\/\/www.cnbc.com\/2020\/12\/18\/suspected-russian-hack-on-us-is-much-worse-than-first-feared.html\">SolarWinds hack<\/a> was apparently not deterred by recent <a href=\"https:\/\/www.nytimes.com\/2021\/04\/15\/world\/europe\/us-russia-sanctions.html\">sanctions imposed on Moscow<\/a> by US President Joe Biden over its work, nor by a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-18\/biden-s-cyber-red-line-is-prime-for-putin-challenge-experts-say?sref=mmeFTDW1\">list Biden handed<\/a> to Putin noting 16 sectors that Russia definitely shouldn\u2019t hack. The campaign aims to infiltrate the global tech supply chain for surveillance purposes, according to Microsoft. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/solarwinds-hackers-targeting-tech-supply-chain-microsoft-says?sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.nytimes.com\/2021\/10\/25\/us\/politics\/russia-cybersurveillance-biden.html\">New York Times<\/a> | <a href=\"https:\/\/www.cnbc.com\/2021\/10\/25\/solarwinds-hackers-targeting-global-it-supply-chain-microsoft-says.html\">CNBC<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/microsoft-solarwinds-hackers-continue-to-hit-technology-companies-11635145200?mod=hp_lead_pos1\">Wall Street Journal<\/a>).<\/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><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>The European Investment Bank (EIB) will hold <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/10\/EIB-Financing-Water-Projects-Oct21.pdf\">a seminar on financing water infrastructure (pdf)<\/a><\/strong> tomorrow at the Nile Ritz Carlton.<\/p>\n<p><strong>A webinar on sustainable transport <\/strong>featuring keynote speeches by EU ambassador to Egypt Christian Berger and Public Enterprises Minister Hisham Tawfik will take place tomorrow at 10am. <a href=\"https:\/\/sustainableenergyegypt.com\/sustainable-mobility-for-egypt-webinar-26th-of-october-10-00-hrs-am\/\">Register here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>It\u2019s interest rate week:<\/strong> The Central Bank of Egypt will meet this Thursday to discuss interest rates. All 12 analysts <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2271d9e1-cc44-40f7-bed0-32614101fbb4\">polled by Enterprise<\/a> see the central bank leaving rates on hold for another meeting, citing the need to maintain portfolio inflows and uncertainty over inflation.<\/p>\n<p><strong>Female <\/strong><strong>entrepreneurs have until 6 November to apply to a new accelerator <\/strong><strong>program launched by NGO Nahdet El Mahrousa<\/strong> offering up to EGP 200k in grants, mentorship, and other business support. Founders and social enterprise leaders working in ICT, creative industries, or on projects that support gender equality are eligible to apply. The program, Rabeha, was launched in partnership with UN Women Egypt, the Egyptian National Council for Women, Global Affairs Canada, and other partners. You can <a href=\"https:\/\/l.facebook.com\/l.php?u=https%3A%2F%2Fbit.ly%2F3DWmlG5%3Ffbclid%3DIwAR0CgpdQDltgFGzhoGJmuKRr5AdNL_bxkQIE7ejiUngECbkxK-Qg3WQ1LAs&h=AT03bTcEWHO7_ifSyWY3bzUc-4W2xyBotj8E6jDvCOL2g53DHT_1O-x-6WJEHQmxMXlxAvB-DaYAdjcjN1G0nWZBboNwVUPZ69Ua7N1_VRuZTOXC_gPJRuv0i4eqb8Sxzl7K&__tn__=-UK-R&c%5B0%5D=AT1HqXk_X4HRQoevTN35Wj-0uhLHrBeazxBScbrfhO3vQVPEgiiCAGC1QpNkyytUpdrdEmhOyhxjQU2yUeKNtV12aIbQoco90gnb9pzz2WJj9o-nFnvIGq21LI5OeTpfeJZ2jrjus2lOZqRLTUHrcLXrIhu6TpLQm0zXJzSAUdUSEzwfnrSJWdcx_K8duqOHSxQSNNw\">apply here<\/a>.<\/p>\n<p><strong>It\u2019s another busy week<\/strong> for conferences, exhibitions, and other business events in Egypt:<\/p>\n<ul>\n<li>The two-day <strong><a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a><\/strong><strong> takes place this Wednesday<\/strong><strong> and Thursday<\/strong>, 27 and 28 October.<\/li>\n<li>The Middle East Angel Investment Network\u2019s <strong><a href=\"http:\/\/mainmena.com\/conference\/4\">Angel\u2019s Oasis<\/a><\/strong> retreat runs from Wednesday to Friday in El Gouna, with separate pricing for in-person and virtual attendance.<\/li>\n<li><strong>Grassroots community leaders<\/strong> aged 25-38 have until this Wednesday to apply for the US State Department-backed <strong><a href=\"https:\/\/www.facebook.com\/communitysolutionsprogram\/\">Community Solutions Program<\/a><\/strong>. Applications can be submitted <a href=\"https:\/\/bit.ly\/csp2022apply\">here<\/a>.<\/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- <\/strong>It\u2019s another day of warm weather, with the mercury rising to 29\u00b0C in the afternoon and falling to 19\u00b0C at night, 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\/ahmed-dallal\/\">Ahmed Dallal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/madinet-masr-for-housing-and-development\/\">Madinet Masr for Housing and Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/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=\"556865\" 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\/10\/25\/the-planet-is-getting-too-warm-too-fast-but-we-might-have-flying-cars-soon\/\">\r\n                            The planet is getting too warm, too fast \u2014 but we might have flying cars soon                        <\/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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too warm, too fast \u2014 but we might have flying cars soon\">\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=The+planet+is+getting+too+warm%2C+too+fast+%E2%80%94+but+we+might+have+flying+cars+soon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F25%2Fthe-planet-is-getting-too-warm-too-fast-but-we-might-have-flying-cars-soon%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\/10\/25\/the-planet-is-getting-too-warm-too-fast-but-we-might-have-flying-cars-soon\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556866\" class=\"content-area-description single-story post-556866 post type-post status-publish format-standard hentry category-for-your-commute tag-africa tag-climate-change tag-covax tag-covid-19 tag-enterprisepm tag-for-your-commute tag-moderna tag-paris-agreement tag-renewable-energy tag-sports tag-vaccines tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>Global temps are going to rise \u201cfar in excess\u201d of Paris Agreement targets if<\/strong><strong> emissions continue at their current rate: <\/strong>Greenhouse gas concentration hit an all time-high last year, increasing at a higher rate than the annual average for the past decade, according to the <a href=\"https:\/\/public.wmo.int\/en\/media\/press-release\/greenhouse-gas-bulletin-another-year-another-record\">World Meteorological Organization (WMO)<\/a>. Carbon dioxide, methane and nitrous oxide concentration levels in 2020 suggest that global temperature increases at the end of the century will be \u201cfar in excess of the Paris Agreement targets of 1.5 to 2\u00b0C above pre-industrial levels,\u201d WMO Secretary-General Petteri Taalas said. This outlook would mean we\u2019re in for faster melting of ice caps, sea levels rising, and ocean acidification, alongside socioeconomic consequences. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/un-greenhouse-gas-concentrations-hit-a-new-record-in-2020?sref=mmeFTDW1\">Bloomberg<\/a> and <a href=\"https:\/\/www.bbc.com\/news\/science-environment-59016075\">BBC News<\/a> took note of the report.<\/p>\n<p><strong>It\u2019s not looking great, but it\u2019s better than where we were a few years ago:<\/strong> Prior to the 2015 Paris Agreement, we were on track for a 4\u00b0C increase by the end of the century, but as the world shifted gears <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7606849-d21c-4d48-bb95-df7a3adcf80d\">towards clean energy<\/a>, this forecast dropped by a whole degree. This is a relative improvement, but still cause for worry and alarm, the <a href=\"https:\/\/www.nytimes.com\/interactive\/2021\/10\/25\/climate\/world-climate-pledges-co26.html?searchResultPosition=2\">New York Times writes<\/a>. And with various countries promising to drop emissions (including Egypt, which <a href=\"https:\/\/olc.worldbank.org\/content\/energy-subsidy-reform-facility-country-brief-egypt\">decreased subsidies for fossil fuels<\/a>, among other measures), the forecasted temp rise could drop to 2-2.4\u00b0C. Scientists are still flashing the warning signs and urging countries to take more drastic measures to bring us to a safer 1.5\u00b0C increase in global temperatures by the end of the century.<\/p>\n<p><strong>Who\u2019s doing their part? Nobody but Gambia:<\/strong> Last month, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fdb867b2-feec-4aa1-9176-6b593046cf44\">we reported<\/a> that nearly all nations fell far behind on goals set out by the Paris Climate Agreement, according to a report by the <a href=\"https:\/\/climateactiontracker.org\/press\/analysis-despite-code-red-on-climate-target-update-momentum-at-a-standstill\/\">Climate Action Tracker<\/a>, with the only country to achieve its goals being Gambia. Seven other countries, including the UK, were ranked as \u201calmost sufficient\u201d in their promises to cut carbon pollution and policy changes. The US, the EU, Germany, and Japan\u2019s efforts have been deemed \u201cinsufficient,\u201d while Iran, Russia, Saudi Arabia are among the countries that are \u201ccritically insufficient.\u201d<\/p>\n<p><strong>Can we leapfrog into a cleaner, <\/strong><strong>Jetsons-like near future?<\/strong> British aerospace manufacturer <a href=\"https:\/\/vertical-aerospace.com\/\">Vertical<\/a> Aerospace, which builds zero carbon vertical take-off and landing electric aircrafts, is slated to begin production of flying taxis in 2024, with an eye to introduce the vehicles to London\u2019s Heathrow Airport by 2025, <a href=\"https:\/\/www.bloomberg.com\/hyperdrive?sref=mmeFTDW1\">Bloomberg<\/a> reports. The vehicles are aimed at replacing noisier (and dirtier) helicopters in large cities, as carriers look for ways to transport passengers across and between cities using cleaner technology. Meanwhile, Chinese EV startup <a href=\"https:\/\/en.xiaopeng.com\/\">Xpeng Inc<\/a> is also making its foray into AI and flying cars, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-24\/xpeng-unveils-plan-to-go-beyond-cars-with-ai-flying-car-robot?srnd=premium-middle-east&sref=mmeFTDW1\">the business information service<\/a>. The car, which is developed by Xpeng\u2019s affiliate HT Aero, has raised upward of USD 500 mn from investors to-date and is expected to begin mass production in 2024.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>Rich countries have received 16x more vaccines per person than poorer nations<\/strong> that rely on the World Health Organization\u2019s Covax initiative, according to analysis by the <a href=\"https:\/\/www.ft.com\/content\/0e240929-033a-457f-a735-ec7cf93b2f3c\">Financial Times<\/a>. Low-income countries received 9.3 vaccines for every 100 people, with 7.1 of those through Covax, data from Unicef found. Meanwhile, wealthy nations have received 155 vaccines for every 100 people \u2014 with the extra shots being used as boosters. The findings highlight how far Covax has failed in its mission to provide an equitable distribution of vaccines globally.<\/p>\n<p><strong>African countries have been trying to reduce their dependence on Covax by replicating mRNA vaccines<\/strong> that they can manufacture locally, writes the <a href=\"https:\/\/apnews.com\/article\/coronavirus-pandemic-technology-business-cape-town-health-48046e5255cc3e4fa27455fc12ab5e52\">Associated Press<\/a>. Moderna is the main vaccine being studied to create a similar jab for the continent. The company had said it would build a vaccine manufacturing facility \u201cin the future,\u201d but with no timeline given, many African labs have taken the issue into their own hands. WHO has backed the venture, coordinating a vaccine research, training and production hub in South Africa in a \u201clast resort effort to make doses for people going without.\u201d <strong>Africa CDC now puts the figure of fully-vaccinated individuals on the continent at 5%<\/strong>, with folks that have taken at least one dose at 8%, according to its <a href=\"https:\/\/africacdc.org\/covid-19-vaccination\/\">vaccine tracker<\/a>.<\/p>\n<p><strong>But it hasn\u2019t been going so well: <\/strong>Intellectual property issues are expected to arise as Moderna eyes the possible mRNA production warily. The pharma company has said it would not pursue legal action against a company for infringing on its vaccine rights, but it also won\u2019t help companies create the competing shots either. Moderna\u2019s Chairman Noubar Afeyan made his sentiments clear when he said it would be better to expand production itself than to share technology.<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covax\/\">Covax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moderna\/\">Moderna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/paris-agreement\/\">Paris Agreement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/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\/vaccines\/\">vaccines<\/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=\"556867\" 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=\"556867\">\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\/10\/25\/cowboy-bebop-on-netflix-the-epl-is-back-cairo-jazz-festival-starts-this-thursday\/\">\r\n                            Cowboy Bebop on Netflix + The EPL is back + Cairo Jazz Festival starts this Thursday                        <\/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\/10\/25\/cowboy-bebop-on-netflix-the-epl-is-back-cairo-jazz-festival-starts-this-thursday\/\" 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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ON THE TUBE TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>One of our favorite anime from the 90s (or really ever) is now on Netflix<\/strong>: <a href=\"https:\/\/www.netflix.com\/title\/80001305\">Cowboy Bebop<\/a>, which follows the wacky adventures of interstellar bounty hunters, was a reason why many of us here got into anime to begin with. Like the wacky and ragtag crew of the Bebop \u2014 made up of a hitman, an ex-cop, a con artist, a hacker kid, and most importantly an unsuspecting corgi \u2014 the show is the perfect amalgamation of some of our favorite genres, including noir, sci-fi, and western. If that wasn\u2019t all, the show has one of the best original soundtracks, which is also a beautiful mashup of genres, including jazz, the blues, country, electronic and some hip hop. <strong>Enjoy it while it's still there.<\/strong><\/p>\n<p><strong>BUT BE WARNED- Netflix only has it on there because they\u2019re to mess with something <\/strong><strong>perfect.<\/strong> In case we needed any more evidence of how creatively bankrupt Netflix is, the streaming channel will soon drop an English-language live action remake of the show on 19 November.<\/p>\n<p>\u26bd <strong>The Egyptian Premier League is back:<\/strong> Six teams kick off their campaigns today, with NBE Club and El Gaish currently mid-way through the opening game of the season. Smouha and Al Ittihad will play at 5.30 while Future FC take on Pharco at 8pm.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>Cairo Jazz Festival 2021 is kicking off <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/cairo-jazz-festival-2021-%D9%85%D9%87%D8%B1%D8%AC%D8%A7\/452800939388944\/\">on Thursday<\/a><\/strong><strong> at AUC\u2019s Tahrir Campus <\/strong>and will continue until 5 November. The festival has a diverse schedule for each day, featuring local and international artists. You can check out the full schedule on <a href=\"https:\/\/www.cairojazzfest.com\/program2021\">the website<\/a>. Some events are open to the public while others require prior registration.<\/p>\n<p><strong>Skydive over the pyramids with the fourth edition of <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/jump-like-a-pharaoh-vol-4\/784839485791474\/\">Jump Like A Pharaoh<\/a><\/strong><strong>: <\/strong>Organized by Skydive Egypt and the Egyptian Parachuting & Air Sports Federation, the event will take place from 31 October to 5 November. A three-jump package costs USD 1.8k, while the true adrenaline junkies can pay USD 2.6k for six jumps.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>The activity might be different, but the feeling is the same: <\/strong>Two of the world\u2019s greatest freesolo climbers, Alex Honnold and Tommy Caldwell, wrote books on their experiences going up steep mountains in solo trips that could last weeks. Climbing itself is a sport that requires fierce deliberation and focus throughout. Honnold\u2019s <a href=\"https:\/\/www.amazon.com\/Alone-Wall-Alex-Honnold\/dp\/0393353176\">Alone<\/a><a href=\"https:\/\/www.amazon.com\/Alone-Wall-Alex-Honnold\/dp\/0393353176\">on the Wall<\/a> and Caldwell\u2019s <a href=\"https:\/\/www.amazon.com\/Push-Climbers-Journey-Endurance-Beyond\/dp\/0399562702\">The Push<\/a> both chronicle how they got into the sport and honed the mindset needed to climb \u2014 endurance, perseverance, quick assessments of situations, and the willingness to backtrack when needed. Even if you are by no means a climber, the pair have a way of telling stories that resonates with anyone that needs to overcome challenges to reach a greater goal \u2026 and learn to enjoy the process.<\/p>\n<p><strong>The duo also teach a <\/strong><strong><a href=\"https:\/\/www.masterclass.com\/articles\/free-climbing-guide\">masterclass<\/a><\/strong><strong> on climbing together<\/strong> and their chemistry together is unmatched.<\/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\/podcast\/\">podcast<\/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=\"556869\" 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=\"556869\">\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\/10\/25\/alexandria-container-and-cargo-handlings-net-income-up-21-in-3q2021\/\">\r\n                            Alexandria Container and Cargo Handling\u2019s net income up 21% in 3Q2021                        <\/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\/10\/25\/alexandria-container-and-cargo-handlings-net-income-up-21-in-3q2021\/\" 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\/10\/25\/alexandria-container-and-cargo-handlings-net-income-up-21-in-3q2021\/')\">\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\/10\/25\/alexandria-container-and-cargo-handlings-net-income-up-21-in-3q2021\/\">\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=Alexandria Container and Cargo Handling\u2019s net income up 21% in 3Q2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/alexandria-container-and-cargo-handlings-net-income-up-21-in-3q2021\/\">\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\/10\/25\/alexandria-container-and-cargo-handlings-net-income-up-21-in-3q2021\/&title=Alexandria Container and Cargo Handling\u2019s net income up 21% in 3Q2021\">\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=Alexandria+Container+and+Cargo+Handling%E2%80%99s+net+income+up+21%25+in+3Q2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F25%2Falexandria-container-and-cargo-handlings-net-income-up-21-in-3q2021%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\/10\/25\/alexandria-container-and-cargo-handlings-net-income-up-21-in-3q2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556869\" class=\"content-area-description single-story post-556869 post type-post status-publish format-standard hentry category-go-with-the-flow tag-alexandria-container-and-cargo-handling tag-earnings tag-earnings-watch tag-egx tag-enterprisepm tag-go-with-the-flow tag-market-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EARNINGS WATCH- Alexandria Container and Cargo Handling\u2019s net income rose <\/strong><strong>21% to EGP 336.3 mn in 3Q2021<\/strong>, up from EGP 277.8 mn in the same period last year, the company said in a <a href=\"https:\/\/ent.news\/2021\/10\/Alex-container-and-cargo.pdf\">bourse filing (pdf)<\/a> this morning. The bottom line growth came despite revenues falling 1.9% to EGP 537.7 mn from EGP 547.9 mn in 3Q2020.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 fell less than 0.1% at today\u2019s close<\/strong> on turnover of EGP 1.72 bn (11.6% above the 90-day average). Foreigns investors were net sellers. The index is up <sup><\/sup>3.1% YTD.<\/p>\n<p><strong>In the green: <\/strong>Cleopatra Hospitals (+5.6%), CIRA (+2.8%) and CIB (+2.1%).<\/p>\n<p><strong>In the red: <\/strong>Aspire Capital (-9.9%), Madinet Nasr Holding (-9.0%) and Gadwa Industrial Development (-7.6%).<\/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\/alexandria-container-and-cargo-handling\/\">Alexandria Container and Cargo Handling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/market-watch\/\">Market Watch<\/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=\"556870\" 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=\"556870\">\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\">Enterprise explains<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/sudan-is-going-through-another-coup-again\/\">\r\n                            Sudan is going through another coup \u2026 again                        <\/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\/10\/25\/sudan-is-going-through-another-coup-again\/\" 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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If successful, this would be the fourth military coup to take over the country since Sudan\u2019s independence in 1956. It\u2019s also the <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.bbc.com\/arabic\/middleeast-58623142&sa=D&source=docs&ust=1635164234575000&usg=AOvVaw2mmcLHWq7FTDlTB-hlojmL\">second coup attempt<\/a> in as many months. We attempt to break down what\u2019s been going on below.<\/p>\n<p><strong>What\u2019s been happening so far:<\/strong> In the early hours this morning \u201cjoint military forces\u201d arrested civilian members of Sudan\u2019s sovereign council \u2014 the main ruling body governing the country made up of civilian and military leaders \u2014 as well as government ministers and members of the pro-government parties, Sudan\u2019s Information Ministry said in <a href=\"https:\/\/bit.ly\/2XHJSuV\">statement<\/a>. <a href=\"https:\/\/twitter.com\/netblocks\/status\/1452478341064404993?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1452478341064404993%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.aljazeera.com%2Fnews%2F2021%2F10%2F25%2Fsudans-abdalla-hamdok-under-arrest-report\">Reports<\/a>soon emerged that internet communications had been disrupted with the soldiers <a href=\"https:\/\/bit.ly\/3Gd4EUN\">sealing<\/a> off bridges and major arteries in the capital, as well as<a href=\"https:\/\/bit.ly\/3pAxdpm\">a takeover<\/a> of the national radio and television broadcasting headquarters (the standard coup playbook).<\/p>\n<p><strong>This was followed by military forces apprehending Prime Minister Abdullah Hamdok at <\/strong><strong><a href=\"https:\/\/bit.ly\/3pyiKdn\">his home<\/a><\/strong><strong>,<\/strong> and after his refusal to endorse the takeover, was taken to an undisclosed location, the ministry <a href=\"https:\/\/bit.ly\/3GmXayG\">noted<\/a>. The ministry also published a <a href=\"https:\/\/bit.ly\/3BicA3u\">statement<\/a> by Hamdok calling for peaceful civilian protests to the takeover. Social media has been <a href=\"https:\/\/bit.ly\/3vHMYLV\">documenting<\/a>civilian protests emerging throughout the country today opposed to the coup.<\/p>\n<p><strong>State of emergency declared:<\/strong> Around midday, military leader and sovereign council head Abdel Fattah Al Burhan held a press conference, where he announced a state of emergency and dismissed the council and government ministers (<a href=\"https:\/\/www.youtube.com\/watch?v=-JXorVjHs9s&ab_channel=AsharqNews-%D8%A7%D9%84%D8%B4%D8%B1%D9%82%D9%84%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\">watch, runtime: 8:25<\/a>). <sup><\/sup><\/p>\n<p><strong>The world responds<\/strong><strong>: <\/strong>The US embassy in Khartoum called on \u201call actors who are disrupting Sudan's transition to stand down, and allow the civilian-led transitional government to continue its important work to achieve the goals of the revolution,\u201d in a <a href=\"https:\/\/twitter.com\/USEmbassyKRT\/status\/1452581115877801989?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\">statement<\/a> on Twitter earlier today. French President Emmanuelle Macron issued <a href=\"https:\/\/twitter.com\/EmmanuelMacron\/status\/1452587794208108552\">a statement<\/a> on Twitter condemning the coupand expressing support for the transitional government of Hamdok. The UN Integrated Transition Assistance Mission in Sudan also put out a <a href=\"https:\/\/twitter.com\/UNITAMS\/status\/1452543448997826563?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1452543448997826563%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.dw.com%2Far%2FD982D984D982-D8A3D984D985D8A7D986D98A-D988D8A3D988D8B1D988D8A8D98A-D988D8A3D985D985D98A-D8B9D982D8A8-D8A3D986D8A8D8A7D8A1-D8B9D986-D8A7D986D982D984D8A7D8A8-D981D98A-D8A7D984D8B3D988D8AFD8A7D986%2Fa-59614553\">tweet<\/a> expressing its concern over the coup.<\/p>\n<p><strong>Egypt\u2019s Foreign Ministry <\/strong><strong><a href=\"https:\/\/tinyurl.com\/hbh3j9rc\">urged<\/a><\/strong> <strong>all political sides to come together<\/strong> in the interest of stability in Sudan, which it said was of the utmost concern to Egypt.<\/p>\n<p><strong>What precipitated the takeover:<\/strong> The move follows civilian protests that have been happening <a href=\"https:\/\/bbc.in\/3Ednb1f\">over the past week<\/a> or so calling for the military to take over. The protests intensified on Sunday, with pro-military demonstrators blocking key bridges in and around Khartoum. The demonstrators had been protesting what they call a takeover of the sovereign council and government by opposing civilian political factions. Both sides had once been part of the Forces of Freedom and Change (FFC) \u2014 a coalition of civilian political parties that participated in the protests that ousted Omar Al Bashir.<\/p>\n<p><strong>What caused the split:<\/strong> The faction within the FFC calling for the military\u2019s takeover had been protesting what they say is their marginalization by long entrenched political parties, whom themselves had worked with the Bashir regime, including the Umma Party (responsible for two of the last three failed democratic governments in Sudan).<\/p>\n<p><strong>Background:<\/strong> Following the ouster of Bashir, factions of the armed forces, along with the Rapid Support Forces \u2014 a powerful and well funded milita alleged to have participated in the genocide in Darfur \u2014 reached a power-sharing agreement with civilian protest groups of the FFC that would see a sovereign transitional council formed, which would be temporarily headed by the army chief of staff Al Burhan, and would pave the way for elections to take place in 2023. The day-to-day administration of the country would go to a civilian-led cabinet headed by Prime Minister Abdullah Hamdok.<\/p>\n<p><strong>Civil-military relations have remained tense since the government was formed:<\/strong> There <sup><\/sup>remain significant disagreements between the two sides, notably over the future of Al Bashir (who civilian leaders want to send to be tried for war crimes at the International Criminal Court), government oversight of the RSF, and conditions attached to the IMF debt relief agreement, which require companies owned by the military to be more transparent.<\/p>\n<p><strong>It had not been smooth sailing for the Hamdok government: <\/strong>Despite early successes that saw Sudan\u2019s government receiving widespread global <a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2021\/03\/26\/pr2187-sudan-imf-and-wb-consider-sudan-eligible-for-assistance-under-enhanced-hipc-initiative\">recognition and support<\/a> after decades of being considered a pariah state under Bashir\u2019s Islamist regime, a combination of political instability coupled with economic woes have made the transition to civilian rule difficult. A lack of an effective central government coupled by long simmering tensions between Khartoum and local and tribal leaders erupted in protest movements throughout the country \u2014 the most recent of which was <a href=\"https:\/\/www.france24.com\/en\/live-news\/20211020-east-sudan-protests-snarl-trade-deepen-economic-woes\">a blockade of Port Sudan<\/a> (the countries main port city) by the Beja Tribal council, effectively cutting the country from crucial staples and supplies of fuel. This exacerbated major economic issues, including inflation, which reached<a href=\"https:\/\/www.reuters.com\/world\/africa\/sudan-inflation-slows-38756-august-2021-09-14\/#:~:text=In%20recent%20weeks%2C%20the%20currency,the%20highest%20rate%20of%20977.01%25.\">387.5% in August<\/a>. And this doesn\u2019t include the impact of covid, which had effectively crippled the health system.<\/p>\n<p><strong>Why should we care?<\/strong> Well beyond being a close neighbor, historic ally, and a major economic partner (with a big expatriate population resident in Egypt), the Hamdok government had been one of Egypt\u2019s main global supporters in our attempts to get Ethiopia back in the negotiating table when it comes to the Grand Ethiopian Renaissance Dam, with its position being closely aligned with ours.<\/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-explains\/\">Enterprise Explains<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/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=\"556872\" 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\/10\/25\/your-essential-business-calendar-for-25-october-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556872\" class=\"content-area-description single-story post-556872 post type-post status-publish format-standard hentry category-calendar tag-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>Mid-October: The Egyptian Banking Institute, the Financial Services Institute, and I-Score will begin airing in mid-October the Digital Credit Scoring Webinar Series, a line-up of webinars on the banking sector and banking regulations.<\/p>\n<p>23-28 October (Saturday-Thursday): A high-level delegation of the UN\u2019s International Fund for Agricultural Development (IFAD) <a href=\"https:\/\/www.ifad.org\/en\/web\/latest\/-\/high-level-un-delegation-to-visit-egypt?utm_source=miragenews&utm_medium=miragenews&utm_campaign=news\">will visit Egypt<\/a> to meet with government officials and travel to IFAD-supported projects in the country.<\/p>\n<p>24-28 October (Sunday-Thursday): <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/p>\n<p>26 October (Tuesday): <a href=\"https:\/\/ent.news\/2021\/10\/EIB-Financing-Water-Projects-Oct21.pdf\">EIB seminar (pdf)<\/a> on water project financing in Egypt. Nile Ritz Carlton, Cairo.<\/p>\n<p>27-28 October (Wednesday-Thursday): <a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a>, Royal Maxim Palace Kempinski, Cairo, Egypt.<\/p>\n<p>27 October (Wednesday): <a href=\"https:\/\/tresconglobal.com\/conferences\/cloud\/egypt\/\">World Cloud Show<\/a>. <sup><\/sup><\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>28 October (Thursday): Second tranche of overdue subsidy payouts <a href=\"https:\/\/bit.ly\/3BSLyAg\">will be handed<\/a> to eligible exporters.<\/p>\n<p>30 October - 4 November (Saturday-Thursday): The first edition of <a href=\"https:\/\/globalswimseries.com\/ryan-lochte-announces-first-race-the-legends-event-in-egypt\/\">Race The Legends<\/a>, Egypt.<\/p>\n<p>30-31 October (Saturday-Sunday): <a href=\"http:\/\/sdg.iisd.org\/events\/g20-leaders-summit-2021\/\">G20 Leaders\u2019 Summit<\/a>, Rome, Italy.<\/p>\n<p>31 October (Saturday): <a href=\"https:\/\/urbanoctober.unhabitat.org\/wcd\">World Cities Day<\/a>, Luxor, Egypt.<\/p>\n<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>1-3 November (Monday-Wednesday): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>2-3 November (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>6 November (Saturday): Deadline to apply to Nahdet El Mahrousa\u2019s Rabeha, a women entrepreneurship <a href=\"https:\/\/l.facebook.com\/l.php?u=https%3A%2F%2Fbit.ly%2F3DWmlG5%3Ffbclid%3DIwAR0CgpdQDltgFGzhoGJmuKRr5AdNL_bxkQIE7ejiUngECbkxK-Qg3WQ1LAs&h=AT03bTcEWHO7_ifSyWY3bzUc-4W2xyBotj8E6jDvCOL2g53DHT_1O-x-6WJEHQmxMXlxAvB-DaYAdjcjN1G0nWZBboNwVUPZ69Ua7N1_VRuZTOXC_gPJRuv0i4eqb8Sxzl7K&__tn__=-UK-R&c%5B0%5D=AT1HqXk_X4HRQoevTN35Wj-0uhLHrBeazxBScbrfhO3vQVPEgiiCAGC1QpNkyytUpdrdEmhOyhxjQU2yUeKNtV12aIbQoco90gnb9pzz2WJj9o-nFnvIGq21LI5OeTpfeJZ2jrjus2lOZqRLTUHrcLXrIhu6TpLQm0zXJzSAUdUSEzwfnrSJWdcx_K8duqOHSxQSNNw\">accelerator program<\/a>.<\/p>\n<p>7-10 November (Sunday-Wednesday): Cairo ICT 2021, Egypt International Exhibition Center, New Cairo.<\/p>\n<p>8 November (Monday): <a href=\"https:\/\/www.egyptcsrforum.com\/\">Egypt CSR Forum<\/a>, International Citystars, Cairo.<\/p>\n<p>15-21 November (Monday-Sunday): <a href=\"https:\/\/www.intrafricantradefair.com\/en\">Intra-African Trade Fair 2021<\/a>, Durban, KwaZulu-Natal, South Africa.<\/p>\n<p>16-17 November (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/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>29 November-2 December (Monday-Thursday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">Egypt Defense Expo<\/a>, Egypt International Exhibition Centre.<\/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>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>14-19 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>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/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>7 January 2022 (Friday): Coptic Christmas.<\/p>\n<p>27 January 2022 (Tuesday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>19 February 2022 (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/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>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 (Friday): Arafat Day.<\/p>\n<p>9-13 July (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>30 July (Saturday): Islamic New Year.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday.<\/p>\n<p>18-20 October 2022 (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/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":556863,"template":"","categories":[],"tags":[],"class_list":["post-556862","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"48d9346a-7bf3-4134-9437-4be4b35709bf","teaser":"","photo_url":"https:\/\/ent.news\/2021\/10\/463.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>Enterprise From AUC to MNHD and Sudan. 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