{"id":557927,"date":"2021-09-13T13:29:15","date_gmt":"2021-09-13T13:29:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=557927"},"modified":"2025-12-16T01:52:39","modified_gmt":"2025-12-16T01:52:39","slug":"enterprise-egx-boss-mohamed-farid-proposes-regulations-that-would-allow-for-spacs","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-egx-boss-mohamed-farid-proposes-regulations-that-would-allow-for-spacs\/","title":{"rendered":"Enterprise EGX boss Mohamed Farid proposes regulations that would allow for SPACs."},"content":{"rendered":"<section id=\"557929\" 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=\"557929\">\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\/09\/13\/tonight-egx-seems-to-be-interested-in-spacs-too-fawry-to-launch-a-consumer-finance-company-also-read-this-satire-on-startup-culture\/\">\r\n                            TONIGHT: EGX seems to be interested in SPACs too + Fawry to launch a consumer finance company ALSO: Read this satire on startup culture                        <\/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\/09\/13\/tonight-egx-seems-to-be-interested-in-spacs-too-fawry-to-launch-a-consumer-finance-company-also-read-this-satire-on-startup-culture\/\" 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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After yesterday\u2019s bid by financial regulators to make listings easier, we may see SPACs debut here in Egypt.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><strong>#1- EGX boss Mohamed Farid wants to bring SPACs to Egypt: <\/strong>Egyptian companies wishing to go to market by acquiring or merging with another company could soon be able to do so under suggested amendments to listing rules submitted by EGX boss Mohamed Farid to the Financial Regulatory Authority for consideration, according to an EGX <a href=\"https:\/\/ent.news\/2021\/9\/EGX-SPAC-listing-statement.pdf\">press statement (pdf)<\/a>. The proposed amendments also include clauses that would ease the process of listed companies acquiring non-listed entities.<\/p>\n<p><strong>#<\/strong><strong>2-<\/strong><strong> Fawry will launch a consumer finance company with EGP 10 mn in capital, <\/strong>after its board announced it had greenlit the establishment of the entity in an <a href=\"https:\/\/ent.news\/2021\/9\/Fawry-consumer-finance-company.pdf\">EGX disclosure today (pdf)<\/a>.<\/p>\n<p><strong>#3- EFG Hermes closed its buy-now-pay-later subsidiary Valu\u2019s first EGP 323 mn securitized bond issuance<\/strong>, the firm <a href=\"https:\/\/ent.news\/2021\/9\/valU-Securitization-PRL-ENG.pdf\">announced (pdf)<\/a><sup><\/sup>, the initial tranche of a larger EGP 2 bn securitization program approved in July.<\/p>\n<p><strong>^^ We\u2019ll have chapter and verse on all three 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>Egypt sees blockbuster 1H2021 for M&A: <\/strong>The value of M&A transactions in Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af294179-177a-48f4-8ea9-33dfb099500e\">more than quadrupled<\/a> y-o-y during 1H2021, seeing transactions worth more than USD 4 bn during the six-month period.<\/li>\n<li><strong>The FRA makes it easier for big companies to list on the EGX: <\/strong>The Financial Regulatory Authority (FRA) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1d8882ad-0530-40c5-b5e5-e472122c978d\">will reduce<\/a> the amount of capital that companies need to offer to the public in a move designed to encourage share sales on the Egyptian bourse.<\/li>\n<li><strong>Al Nowais could sell solar licenses in Benban: <\/strong>Ten companies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/507a45b0-6eca-4dea-b008-ea18d022f525\">are allegedly<\/a> in the running to purchase the Emirati energy firm\u2019s license to operate a solar plant in Aswan\u2019s Benban solar park.<\/li>\n<\/ul>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>HAPPENING NOW- Israeli PM Naftali Bennett is in Sharm El Sheikh today to meet with <\/strong><strong>President Abdel Fattah El Sisi, <\/strong>according to an Ittihadiya <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/400065164815551\">statement<\/a>. The two are set to discuss the Palestinan-Israeli peace negotiations, as well as bilateral relations between Egypt and Israel. This is Bennett\u2019s first official visit to Egypt \u2014 and the first of any Israeli PM since Benjamin Netanyahu <a href=\"https:\/\/mfa.gov.il\/mfa\/pressroom\/2011\/pages\/pm_netanyahu_meets_egyptian_president_mubarak_6-jan-2011.aspx\">visited Hosni Mubarak<\/a> just a few weeks before the 2011 revolution.<\/p>\n<p><strong>In other diplomacy news, the EU is set to begin discussions with the Foreign Ministry this week o<\/strong><strong>ver its 2021-2027 strategic cooperation priorities,<\/strong> which will determine funding priorities for both countries, <strong>h<\/strong>ead of cooperation at the EU\u2019s delegation to Egypt Ibrahim Laafia told <a href=\"https:\/\/bit.ly\/3k6mGiz\">Al Mal<\/a>. The EU is expected to disperse between EUR 50-60 mn in funding to Egypt by the end of the year to support agriculture, environmental, and training projects, Laafia said.<\/p>\n<p><strong>PSA-<\/strong> <strong>Saudi Arabia has reduced the quarantine period for travellers to the kingdom to five <\/strong><strong>days effective from 23 September<\/strong>, Saudi General Authority of Civil Aviation said in a <a href=\"https:\/\/bit.ly\/3hsRLeq\">statement<\/a>. Unvaccinated travelers and those who have received a single dose of a vaccine recognized by KSA should present a negative pcr taken within 72 hours of travel, take another pcr test within 24 hours of arriving, and a third test on day five of their quarantine \u2014after which they can end the quarantine period if the result is negative.<\/p>\n<p><strong>That includes us:<\/strong> Officials lifted a ban on direct entry from Egypt and 19 other destinations to the Kingdom <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8719b98d-593d-433d-be49-4b12295b6a6a\">last month<\/a>, though tourists and non-resident travellers are only allowed to enter to perform Umrah.<\/p>\n<p><strong>THE BIG STORY ABROAD- <\/strong><strong>The United Nations is holding a humanitarian conference in Geneva today, <\/strong>and has announced it plans to raise more than USD 600 mn in contributions for Afghanistan throughout the year, the UN said in a <a href=\"https:\/\/ent.news\/2021\/9\/Media-advisory-Afghanistan_UN_meeting.pdf\">press release (pdf)<\/a>. The Taliban\u2019s takeover of the country last month ended the flow of bns in aid to the country, putting UN funding programmes under more pressure. UN Secretary-General Antonio Guterres said that the UN has also been struggling financially, failing in some cases to dole out employee salaries, according to <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/un-seeks-600-million-avert-afghanistan-humanitarian-crisis-2021-09-12\/\">Reuters<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Over in the GCC, Abu Dhabi National Oil Company (Adnoc) will be offering 7.5% of its <\/strong><strong>drilling unit at Dhs 2.3 <\/strong><strong>per<\/strong><strong> share, valuing the company at USD 10 bn<\/strong>, the company <a href=\"https:\/\/ent.news\/2021\/9\/ADNOC-Announces-Offer-Price-Per-Share-For-ADNOC-Drilling-IPO.pdf\">announced (pdf)<\/a> today. The company has opened subscription to UAE retail investors until 23 September, while institutional investors will have until 26 September to subscribe to the offering. ADNOC Drilling is expected to list on the ADX on or around 3 October. ADNOC\u2019s IPO comes as Abu Dhabi is working to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e75f8e9e-d4c3-4c72-9506-873a9f420f76\">revive its IPO pipeline<\/a> and following state-backed holding company ADQ announcing its plans to list before year end.<\/p>\n<p><strong>Advisors:<\/strong> Moelis & Company has been appointed as independent financial adviser, according to the company\u2019s <a href=\"https:\/\/ent.news\/2021\/9\/ADNOC-Drilling_ITF-Announcement_English.pdf\">intention to float (pdf)<\/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><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>EFG Hermes\u2019 fourth Virtual Investor Conference kicks off today<\/strong> and runs through to 21 September with the theme of \u201cAfter Reflation \u2014 FEMs in 2022.\u201d<\/p>\n<p><strong>Environment minister speaks at AmCham:<\/strong> Environment Minister Yasmine Fouad will give a speech on strategies for generating green, private sector-led growth at AmCham\u2019s virtual monthly event tomorrow. <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-registration\/1385\">Register here<\/a>.<\/p>\n<p><strong>Ride-hailing app <\/strong><strong><a href=\"https:\/\/www.didiglobal.com\/\">DiDi<\/a><\/strong><strong> is launching in Egypt today<\/strong>, <a href=\"https:\/\/bit.ly\/38YhAyq\">Al Arabiya<\/a> reports. The Chinese company will launch in Alexandria before expanding to other areas of the country.<\/p>\n<p><strong>It\u2019s day four of the <\/strong><strong><a href=\"http:\/\/cibegyptiansquashopen.net\/\">CIB Egyptian Squash Open<\/a><\/strong><strong> today:<\/strong> There are eight matches on today as the bottom half of the men\u2019s and women\u2019s round three draws are decided. You can find the schedule <a href=\"http:\/\/cibegyptiansquashopen.net\/2021-day-three\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/www.saharaexpo.com\/en\/home.html\">Sahara Expo<\/a><\/strong><strong>: <\/strong>The five-day agricultural conference continues at the Egypt International Exhibition Center. The event wraps up on Wednesday.<\/p>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>Tomorrow is the final day that shareholders in EK Holding can apply to convert the <\/strong><strong>trading currency of their shares from USD to EGP<\/strong>. Since 15 June, shareholders have been able to apply through their custodians to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c98a074a-4eca-44c7-9524-feb16a03d1da\">switch the currency of their shares to EGP<\/a> \u2014 but will still be able to collect their dividends in USD. The EGX will announce after 14 September the EGP rate at which the shares will be converted.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.un.org\/en\/ga\/\">UN General Assembly<\/a><\/strong><strong> starts tomorrow<\/strong> in New York and runs through to 30 September. The general debate will take place from 20-28 September. Leaders from at least 83 countries are <a href=\"https:\/\/www.nytimes.com\/2021\/09\/12\/world\/covid-united-nations-general-assembly.html\">expected to attend in person<\/a> \u2014 in contrast to last year, when the meeting was almost 100% virtual. There\u2019s no word yet on whether President Abdel Fattah El Sisi will attend in person or virtually.<\/p>\n<p><strong>Apple is holding a virtual event on Tuesday<\/strong> where we can expect a new iPhone, new AirPods and probably a new watch. Apple has scheduled the event for 7pm CLT and shows it running for two hours. <a href=\"https:\/\/www.apple.com\/apple-events\/\">You can stream it here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>It\u2019s interest rate week and 10 analysts <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/265b75b2-0602-4c6d-b642-e733855acbb3\">we polled<\/a><\/strong><strong> expect the central bank to leave rates <\/strong><strong>on hold<\/strong> for a seventh consecutive meeting when CBE\u2019s Monetary Policy Committee meets on Thursday. Analysts pointed to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7ce0952-23a6-4e3a-8296-21071df079fa\">the uptick in inflation<\/a> and the pressure to maintain foreign inflows into Egyptian debt.<\/p>\n<p><strong>Check out our full calendar on the web<\/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 temperature is set to drop by at least three degrees. The mercury will max out at 36\u00b0C during the day and will drop to 24\u00b0C at night.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/consumer-finance\/\">consumer finance<\/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\/fawry\/\">Fawry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ola-electric-mobility\/\">Ola Electric Mobility<\/a>\n                <!-- 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women-only factors run by Ola Electric Mobility + Chinese regulators continue their crackdown on giant fintech                        <\/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\/09\/13\/worlds-largest-women-only-factors-run-by-ola-electric-mobility-chinese-regulators-continue-their-crackdown-on-giant-fintech\/\" 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 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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/worlds-largest-women-only-factors-run-by-ola-electric-mobility-chinese-regulators-continue-their-crackdown-on-giant-fintech\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/496.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557932\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/worlds-largest-women-only-factors-run-by-ola-electric-mobility-chinese-regulators-continue-their-crackdown-on-giant-fintech\/496-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/496.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"496.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/496.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/496.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557931\" class=\"content-area-description single-story post-557931 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-china tag-enterprisepm tag-for-your-commute tag-ola-electric-mobility tag-world-health-organization 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-07\"><\/a> <strong>KUDOS- Ola Electric Mobility is set to run the world\u2019s largest women-only factory: <\/strong>The Indian company\u2019s new electric scooter factory aims to build 10 mn two-wheelers annually \u2014 or 15% of the world\u2019s e-scooters \u2014 in a massive operation run and led by exclusively women, according to a <a href=\"https:\/\/blog.olaelectric.com\/10000-women-to-power-the-global-ev-revolution\/\">blog post<\/a>. The USD 330 mn factory will employ 10k women at all levels, making it the world\u2019s largest women-only factory as well as the only all-women manufacturing facility in the global auto industry. Under the current plan, a scooter should be manufactured every two seconds by utilizing around 300 robots to work alongside the women, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-13\/men-need-not-apply-to-world-s-largest-e-scooter-factory?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. Ola\u2019s long term goal is to rollout a full lineup of electric vehicles including three-wheelers and cars, though it is unclear whether those will also be female-run.<\/p>\n<p><strong>Chinese regulators want to split 1 bn+ users superapp Alipay and restructure the giant <\/strong><strong>fintech into two different apps<\/strong>, according to the <a href=\"https:\/\/on.ft.com\/3llcv8V\">Financial Times<\/a>. Not satisfied with the breakup of its parent company Ant Group into Ali Baba (its e-commerce arm) and Alipay (its consumer lending arm), the Chinese wants to split the latter into its two subsidiary apps \u2014 credit card business Huabei and its microloans business Jiebei, sources close to the Chinese financial regulators tell the salmon-colored.<\/p>\n<p><strong>Israel is making sure it has enough vaccine doses to potentially offer a fourth <\/strong><strong>round of booster shots, <\/strong>Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-12\/israel-preparing-for-possible-fourth-covid-vaccine-dose?sref=mmeFTDW1\">reported<\/a> citing the country\u2019s top health official. Some 2.8 mn of the 7 mn Israelis eligible for jabs have already received a third dose of a covid vaccine. Israel is pushing ahead with its booster shot plans despite repeated pleas from the World Health Organization (WHO) to governments to refrain from administering third jabs until at least the end of 2021, as poorer countries struggle to access vaccines.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/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\/ola-electric-mobility\/\">Ola Electric Mobility<\/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=\"557933\" 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=\"557933\">\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\/09\/13\/read-this-satire-on-startup-culture-this-kafkaesque-show-is-just-bizarre\/\">\r\n                            Read this satire on startup culture + This Kafkaesque show is just bizarre                        <\/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\/09\/13\/read-this-satire-on-startup-culture-this-kafkaesque-show-is-just-bizarre\/\" 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\/09\/13\/read-this-satire-on-startup-culture-this-kafkaesque-show-is-just-bizarre\/')\">\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\/09\/13\/read-this-satire-on-startup-culture-this-kafkaesque-show-is-just-bizarre\/\">\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=Read this satire on startup culture + This Kafkaesque show is just bizarre&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/read-this-satire-on-startup-culture-this-kafkaesque-show-is-just-bizarre\/\">\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\/09\/13\/read-this-satire-on-startup-culture-this-kafkaesque-show-is-just-bizarre\/&title=Read this satire on startup culture + This Kafkaesque show is just bizarre\">\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=Read+this+satire+on+startup+culture+%2B+This+Kafkaesque+show+is+just+bizarre+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F13%2Fread-this-satire-on-startup-culture-this-kafkaesque-show-is-just-bizarre%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\/09\/13\/read-this-satire-on-startup-culture-this-kafkaesque-show-is-just-bizarre\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/497.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557934\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/read-this-satire-on-startup-culture-this-kafkaesque-show-is-just-bizarre\/497-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/497.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"497.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/497.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/497.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557933\" class=\"content-area-description single-story post-557933 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-disney tag-enterprise-recommends tag-enterprisepm tag-netflix 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><strong>True to its title, <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/80233374\">Brand New Cherry Flavor<\/a><\/strong><strong> is definitely something entirely new:<\/strong> Set in the \u201890s, the miniseries follows aspiring film director Lisa Nova on a mind-bending journey as we see how far she\u2019s willing to go to make it big in Hollywood. It effortlessly combines horror, psychological thriller and just plain bizarreness, while throwing in just enough humor to take the edge off of its darker tone. The show\u2019s mood and setting is offset, however, by its preachiness; is a #MeToo revenge fantasy, and it doesn\u2019t let you forget it. <sup><\/sup><\/p>\n<p>\u26bd<strong>This afternoon in the Premier League: <\/strong>The only match that is being played today is Everton vs. Burnley, which kicks off at 9 pm.<\/p>\n<p><strong>In La Liga: <\/strong>Getafe is playing against Elche at 8 pm and Granada is up against Real Betis at 10 pm.<\/p>\n<p><strong>Serie A: <\/strong>The sole match is Bologna against Verona at 8:45 pm.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p>A <strong><a href=\"https:\/\/www.facebook.com\/events\/328084812137061\">Walt Disney-themed art exhibition<\/a><\/strong> launches today at Manial Palace, and will continue until 28 September.<\/p>\n<p><strong><a href=\"https:\/\/bit.ly\/3EcLQDR\">Dozan Studio & Art Zone<\/a><\/strong>\u2019s cinema club is screening David Fincher\u2019s 2020 movie <strong>Mank<\/strong> \u2014 a biographical drama that tells the story of the development of the screenplay for one of cinema\u2019s great masterpieces, <strong>Citizen Kane<\/strong>.<\/p>\n<p><strong><a href=\"https:\/\/www.facebook.com\/CairoJazzClubPage\/photos\/a.1037929916235177\/4861757693852361\/\">Cairo Jazz Club<\/a><\/strong><strong>\u2019s <\/strong><strong>Closed Circuit <\/strong>series returns tonight at 8 pm, with Moad taking over the decks to kick off the night, passing the stage on to <strong><a href=\"https:\/\/www.facebook.com\/mistyofficialmusic\">Misty<\/a><\/strong> for the rest of the night.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>An atypical story of a woman fighting to get out of her husband\u2019s shadow: <\/strong><strong><a href=\"https:\/\/www.goodreads.com\/book\/show\/55711675-the-startup-wife\">The Startup<\/a><\/strong><strong><a href=\"https:\/\/www.goodreads.com\/book\/show\/55711675-the-startup-wife\">Wife by Tahmima Anam<\/a><\/strong> follows computer scientist Asha and her husband Cyrus who develop a (controversial) social media app that replaces religious rituals. As the app takes off, Cyrus takes all the credit and is hailed as a messiah while Asha gets marginalised. The clear juxtaposition between their marriage and technology makes it a sharp satire on startup culture and modern search for meaning. Even if you\u2019re not a techie, you\u2019ll enjoy Anam\u2019s witty take on the industry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/disney\/\">Disney<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557935\" 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=\"557935\">\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\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/\">\r\n                            OIH sees net losses of EGP 35.5 mn in 2Q2021                        <\/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\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/\" 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\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/')\">\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\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/\">\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=OIH sees net losses of EGP 35.5 mn in 2Q2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/\">\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\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/&title=OIH sees net losses of EGP 35.5 mn in 2Q2021\">\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=OIH+sees+net+losses+of+EGP+35.5+mn+in+2Q2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F13%2Foih-sees-net-losses-of-egp-35-5-mn-in-2q2021%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\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557935\" class=\"content-area-description single-story post-557935 post type-post status-publish format-standard hentry category-go-with-the-flow tag-earnings-watch tag-enterprisepm tag-go-with-the-flow tag-orascom-investment-holding 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-05\"><\/a> <strong>EARNINGS WATCH- Orascom Investment Holding (OIH) incurred net losses of EGP 35.5 mn in 2Q2021<\/strong>, compared to losses of EGP 49.9 mn during the same quarter last year, according to their <a href=\"https:\/\/ent.news\/2021\/9\/OIH-Earnings-2Q2021-AR.pdf\">financial statements (pdf)<\/a>. Revenues rose to EGP 220.7 mn in 2Q2021, compared to EGP 177.3 mn in 2Q2020. For 1H2021, OIH\u2019s net losses reached EGP 66.6 mn, from a net profits of EGP 1.71 mn during the same period of 2020. Revenues increased to EGP 427.3 mn during the first six months of the year, compared to EGP 356.7 mn in 1H2020.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MARKET WATCH-<\/strong><\/p>\n<p><strong>The EGX30 rose 0.9% at today\u2019s close<\/strong> on turnover of EGP 1.2 bn (21.6% below the 90-day average). Local investors were net sellers. The index is up 2.7% YTD.<\/p>\n<p><strong>In the green: <\/strong>Egyptian Resorts Company (+5.9%), Palm Hills (+4.4%) and Cleopatra Hospitals (+2.4%).<\/p>\n<p><strong>In the red: <\/strong>Raya (-0.8%) and Speed Medical (-0.4%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/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\/orascom-investment-holding\/\">Orascom Investment Holding<\/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=\"557936\" 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=\"557936\">\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\">LIFE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/its-time-to-become-a-morning-person-again\/\">\r\n                            It\u2019s time to become a morning person 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\/09\/13\/its-time-to-become-a-morning-person-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/its-time-to-become-a-morning-person-again\/')\">\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\/09\/13\/its-time-to-become-a-morning-person-again\/\">\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=It\u2019s time to become a morning person again&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/its-time-to-become-a-morning-person-again\/\">\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\/09\/13\/its-time-to-become-a-morning-person-again\/&title=It\u2019s time to become a morning person again\">\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=It%E2%80%99s+time+to+become+a+morning+person+again+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F13%2Fits-time-to-become-a-morning-person-again%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\/09\/13\/its-time-to-become-a-morning-person-again\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/499.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557937\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/its-time-to-become-a-morning-person-again\/499-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/499.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"499.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/499.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/499.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557936\" class=\"content-area-description single-story post-557936 post type-post status-publish format-standard has-post-thumbnail hentry category-life tag-education tag-enterprisepm tag-life 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-06\"><\/a> <strong>As workers head back to the office and children resume face-to-face learning, it\u2019s time to <\/strong><strong>remember how to be a morning person:<\/strong> Morning routines are hardly a stranger to us at Enterprise \u2014 we have an entire section that runs every week where we look at how a successful member of the business community starts their day. However, as the kids return to school full-time and employees trickle back to the office, it's time to remember what works in the early hours to ensure that you\u2019re productive and refreshed for the rest of the day.<\/p>\n<p><strong>Getting back the morning mojo means changing your nights: <\/strong>Some 54% of those working remotely were waking up later while 49% hit the hay later than before, a <a href=\"https:\/\/ent.news\/2021\/9\/nielsen-total-audience-report-aug-2020.pdf\">Nielsen survey<\/a> conducted last year showed. These late nights should be the first thing to go. This can be done gradually by getting into bed 15 minutes earlier than usual day by day until you find a sleep schedule that allows you to wake up refreshed, Rebecca Robbins, a sleep scientist at Boston\u2019s Brigham and Women\u2019s Hospital, tells the <a href=\"https:\/\/www.wsj.com\/articles\/morning-person-now-11630682649?mod=hp_lista_pos1\">Wall Street Journal<\/a>. Getting a more restful sleep can also be achieved by cutting out screen time at least 30 minutes before bed.<\/p>\n<p><strong>A solid morning routine is also essential: <\/strong>Now that we\u2019re facing the prospect of having to get dressed every morning as well as the dreaded Ring Road commute, many of us are having to remember how to exit that early morning zombie mode. After waking up, it\u2019s a good idea to head outside or open windows to get exposure to sunlight to help reset your circadian rhythm. After two weeks, you\u2019ll feel good about waking up at the new hour, Robbins says.<\/p>\n<p><strong>Other additions to morning routines that can make your day from the very start<\/strong> are journaling and meditating,or for the more athletically-inclined, taking a run, jog, or bike ride. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f9eb0d2-d65c-47e1-9e97-bf13ca565163\">Sakneen\u2019s Ramy Khorshed<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/331d6ad4-4f6f-446e-a4be-afdc7ecf50b3\">Network International Egypt\u2019s Hany Fekry<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b01cf4e6-3068-4920-9881-b715b0a759e8\">Edita\u2019s Menna Shams El Din<\/a> have all preached about the benefits of starting off the day with these practices. Meanwhile, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ca76914d-450e-45d8-bc2d-102f4d3eda0f\">Four Fat Ladies\u2019 Heba Shunbo<\/a> proudly told us that she\u2019s \u201cpart of The 5am Club\u201d and takes the time to meditate, read something interesting and do some journaling.<\/p>\n<p><strong>Sometimes it requires a push, we know: <\/strong>Even if you\u2019re not a morning person, like <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6febb747-2029-4851-bf32-2bcf082824e8\">Matter\u2019s Dina Aly<\/a>, it\u2019s good to take a page out of her book and still force yourself to be active in the morning.<\/p>\n<p><strong>The almighty snooze button needs to be taken down a notch: <\/strong>The <a href=\"https:\/\/www.nytimes.com\/wirecutter\/blog\/wake-up-on-time-tips\/\">New York Time\u2019s Wirecutter<\/a> has a whole piece on the damages the snooze button causes to your sleep and your mornings, and we\u2019re ashamed to say that our personal record is pressing snooze six times before getting up to start our shift. The sleep you get in between snoozes doesn\u2019t really benefit you and actually makes it harder to drag yourself out from under the duvet. The article suggests using a gentler tone to wake up to, harness scents or lights to wake you up, or utilize a human alarm clock to wake you up (family members will love this task). <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/120aa232-e818-429e-858d-3b8a56a872f8\">EFG Hermes Foundation\u2019s Hanaa Helmy<\/a> would approve, as she \u201cnever hits the snooze button\u201d and instead immediately puts on good music to wake up to.<\/p>\n<p><strong>The most important thing\u2026 don\u2019t check your work email, Ellin says.<\/strong> At least not first thing in the morning. \u201cSave it for when you\u2019ve had a little time to adjust to the waking world,\u201d she adds. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/958ec9ca-47bb-43e7-bcb1-2e1ec076bc81\">Twitter MENA\u2019s Benjamin Ampen<\/a> makes it a point to leave his phone outside the bedroom so that he doesn\u2019t check his phone first thing in the morning.<\/p>\n<p><strong>The pandemic showed flexibility doesn\u2019t have to impact productivity: <\/strong>If the mornings just don\u2019t seem to fit everything you need to do anymore, approach your boss and ask for a flexible sign in time. After work from home forced flexibility on us all, the idea of a rigorous schedule came into question. Working parents with youngsters, such as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9c312108-970b-485e-94ba-1e3c727172a2\">Waseya\u2019s Ezzeddin Zahzah<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1f79889-bfe6-48c8-a339-42e173853ee4\">Publicist Inc.\u2019s Mai Abaza<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b29dbaf-fae3-4e0d-8d16-28e1d64de10b\">Savills Egypt\u2019s Catesby Langer-Paget<\/a>, are well-acquainted with the morning rush to get the kids ready for the day. The current back-to-school season can be testing if time isn\u2019t on your side and more managers might be open to making your life easier to ensure you come to work motivated and ready to get down to it.<\/p>\n<p><strong>Tim Cook is a huge believer in the benefits of being a morning person: <\/strong>The Apple CEO wakes up at 4am each day and is a firm believer in the proverb \u2018the early bird gets the worm\u2019. In an <a href=\"https:\/\/www.inc.com\/jason-aten\/with-1-sentence-tim-cook-explained-real-reason-morning-people-are-more-productive.html\">interview<\/a>, he explained: \u201cI do that because I can control the morning better than the evening and through the day. Things happen throughout the day that kind of blow you off course. The morning is yours. Or should I say, the early morning is yours.\u201d<\/p>\n<p><strong>Look to our Morning Routine section every Thursday in EnterpriseAM for examples on structured and fun morning routines <\/strong>by interesting and successful friends of ours in the business community, who have given us a look into their homes, businesses and how they start their days.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/life\/\">LIFE<\/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=\"557938\" 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\/09\/13\/your-essential-business-calendar-on-13-september-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557938\" class=\"content-area-description single-story post-557938 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>10-17 September (Friday-Friday): <a href=\"http:\/\/cibegyptiansquashopen.net\/\">CIB Egyptian Squash Open<\/a>, Giza.<\/p>\n<p>12-15 September (Sunday-Wednesday): <a href=\"https:\/\/www.saharaexpo.com\/en\/home.html\">Sahara Expo<\/a>: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/p>\n<p>13 September (Monday): Environment Minister Yasmine Fouad will give a guest speech at AmCham\u2019s monthly virtual event,<\/p>\n<p>13-21 September (Monday-Tuesday): EFG Hermes\u2019 fourth Virtual Investor Conference.<\/p>\n<p>14-30 September (Tuesday-Thursday): <a href=\"https:\/\/www.un.org\/en\/ga\/\">76th session of the UN General Assembly<\/a>, New York.<\/p>\n<p>15 September (Wednesday): The <a href=\"https:\/\/bit.ly\/3dp0wnB\">CFO Leadership & Strategy Summit<\/a> is taking place in Egypt.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>18 September (Saturday): Expiration of<a href=\"https:\/\/www.rudaw.net\/english\/middleeast\/iraq\/19092020\">United Nations Investigative Team<\/a> to Promote Accountability for Crimes Committed by Daesh\/ISIL<\/p>\n<p>21-22 September (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>22-25 September (Wednesday-Saturday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt<\/a>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>29 September (Wednesday): <a href=\"https:\/\/devopsdays.org\/events\/2021-cairo\/welcome\/\">DevOpsDays Cairo 2021<\/a> is being organized by ITIDA and the Software Engineering Competence Center in cooperation with DXC Technology, IBM Egypt and Orange Labs.<\/p>\n<p>30 September-2 October (Thursday-Saturday): Egypt Projects 2021 expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-8 October (Thursday-Friday): The Cairo International Fair, Cairo International Conference Center, Cairo, Egypt.<\/p>\n<p>30 September: Closing of 2021\u2019s first oil and gas <a href=\"https:\/\/eug.petroleum.gov.eg\/dp\/pages\/common\/BidroundHighlights.jsp\">tender<\/a> in the Gulf of Suez, Western Desert, and the Mediterranean.<\/p>\n<p>30 September (Thursday): First tranche of overdue subsidy payouts <a href=\"https:\/\/bit.ly\/3BSLyAg\">will be handed<\/a> to eligible exporters.<\/p>\n<p>October: New legislative session begins \u2014 must be held by the first Thursday of October.<\/p>\n<p>October: Romanian President Klaus Iohannis <a href=\"https:\/\/bit.ly\/3z0gaic\">could visit Egypt<\/a> in mid this month to discuss ways to boost tourism cooperation between the two countries.<\/p>\n<p>1 October (Friday): Businesses importing goods at seaports will need to file shipping documents and cargo data digitally to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">the Advance Cargo Information (ACI) system<\/a>.<\/p>\n<p>1 October (Friday): Expo 2020 Dubai opens.<\/p>\n<p>1 October (Friday): State-owned companies and government service bodies selling goods and services to customers that <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/178309171006178\">have not yet signed on to the e-invoicing platform<\/a> will suffer a host of penalties, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>9 October (Saturday): Public schools begin 2021-2022 academic year<\/p>\n<p>11-17 October (Monday-Sunday): <a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\">IMF + World Bank Annual Meetings<\/a>.<\/p>\n<p>12-14 October (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>24-28 October (Sunday-Thursday) <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/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>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>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>2-3 November (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>16-17 November (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/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>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>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>22-24 April 2022:<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>May 2022: Investment in Logistics Conference, Cairo, Egypt<\/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><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\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":557928,"template":"","categories":[],"tags":[],"class_list":["post-557927","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ec0c53c1-1d04-412b-86b2-6f3a658df574","teaser":"","photo_url":"https:\/\/ent.news\/2021\/9\/492.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 EGX boss Mohamed Farid proposes regulations that would allow for SPACs. - 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\/enterprise-egx-boss-mohamed-farid-proposes-regulations-that-would-allow-for-spacs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise EGX boss Mohamed Farid proposes regulations that would allow for SPACs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-egx-boss-mohamed-farid-proposes-regulations-that-would-allow-for-spacs\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T01:52:39+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/492.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\/enterprise-egx-boss-mohamed-farid-proposes-regulations-that-would-allow-for-spacs\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-egx-boss-mohamed-farid-proposes-regulations-that-would-allow-for-spacs\/\",\"name\":\"Enterprise EGX boss Mohamed Farid proposes regulations that would allow for SPACs. - 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