{"id":563994,"date":"2021-08-02T13:38:10","date_gmt":"2021-08-02T13:38:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=563994"},"modified":"2025-12-16T04:20:25","modified_gmt":"2025-12-16T04:20:25","slug":"enterprise-egypt-could-see-up-to-usd-4-bn-in-bond-inflows-during-2h2021","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-egypt-could-see-up-to-usd-4-bn-in-bond-inflows-during-2h2021\/","title":{"rendered":"Enterprise Egypt could see up to USD 4 bn in bond inflows during 2H2021"},"content":{"rendered":"<section id=\"563996\" 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=\"563996\">\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\/08\/02\/tonight-brace-for-august-turbulence-next-gen-covid-variants-could-emerge-from-england-also-esgs-are-leading-to-greenflation\/\">\r\n                            TONIGHT: Brace for August turbulence. + Next-gen covid variants could emerge from England. ALSO: ESGs are leading to \u201cgreenflation\u201d.                        <\/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\/08\/02\/tonight-brace-for-august-turbulence-next-gen-covid-variants-could-emerge-from-england-also-esgs-are-leading-to-greenflation\/\" 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\/08\/02\/tonight-brace-for-august-turbulence-next-gen-covid-variants-could-emerge-from-england-also-esgs-are-leading-to-greenflation\/')\">\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\/08\/02\/tonight-brace-for-august-turbulence-next-gen-covid-variants-could-emerge-from-england-also-esgs-are-leading-to-greenflation\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TONIGHT: Brace for August turbulence. + Next-gen covid variants could emerge from England. 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ALSO: ESGs are leading to \u201cgreenflation\u201d.\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TONIGHT%3A+Brace+for+August+turbulence.+%2B+Next-gen+covid+variants+could+emerge+from+England.+ALSO%3A+ESGs+are+leading+to+%E2%80%9Cgreenflation%E2%80%9D.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F02%2Ftonight-brace-for-august-turbulence-next-gen-covid-variants-could-emerge-from-england-also-esgs-are-leading-to-greenflation%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\/08\/02\/tonight-brace-for-august-turbulence-next-gen-covid-variants-could-emerge-from-england-also-esgs-are-leading-to-greenflation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563996\" class=\"content-area-description single-story post-563996 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-china tag-covid-19 tag-enterprisepm tag-financial-markets tag-manufacturing tag-sinopharm tag-uae tag-vaccines tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, ladies and gentlemen, and welcome to your capital markets-themed edition<\/strong>, with local and foreign headlines today being dominated by financial market news.<\/p>\n<p><strong>THE BIG STORY TODAY- Egypt could expect to see up to USD 4 bn of foreign inflows into the bond market in 2H2021 <\/strong>should Egypt\u2019s debt be made \u201cEuroclearable\u201d and make the JPM EM index later this year, Beltone Financial\u2019s chief economist Alia Mamdouh told Bloomberg Daybreak this morning.<\/p>\n<p><strong>In other capital market news, new details have emerged concerning the EGP 1 bn fund-of funds <\/strong>being launched by Egypt\u2019s state-owned banks. For one, the fund will be launched in the fourth quarter of this year, with US-based Avanz Capital having been hired to manage the fund.<\/p>\n<p><strong>Meanwhile, Mubasher Capital appears to be growing its asset management business significantly over the next 2-3 years,<\/strong> with plans to launch 10 debt and equities funds. We have details on these stories in the Speed Round below.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>THE BIG STORY ABROAD- <\/strong> <strong>Prepare for a turbulent August in the financial markets.<\/strong> August is normally a difficult time in the markets, but this year fears over the delta variant could add fuel to the fire, with volatility markets beginning to flash yellow. The VIX has seen its lows gradually tick up through the month of July and high-yield spreads are becoming \u201cstickier\u201d \u2014 two \u201cyellow warning lights\u201d that could signpost trouble ahead, the head of one US research firm has warned, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-02\/volatility-warnings-signal-virus-may-bring-another-rough-august?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>.<\/p>\n<p><strong>And that\u2019s not all:<\/strong> Another measure of risk \u2014 the S&P 500 Skew \u2014 has reached its highest point since the pandemic erupted 18 months ago. The Skew, which compares bullish and bearish options trades, is elevated despite the benchmark index reaching a new record high last week.<\/p>\n<p><strong>\u201cThere is worry but we are nowhere near peak worry,<\/strong>\u201d a strategist at the Royal Bank of Canada told the business news information service.<\/p>\n<p><strong>Delta is also messing with oil prices<\/strong>, as the new variant\u2019s impact on demand across the Asia-Pacific region made itself felt in a price drop following two weeks of gains. Brent futures dropped 87 cents to USD 74.54 as of 11:45 AM London time, while US crude lost USD 1 to hit USD 72.95 a barrel, according to <a href=\"https:\/\/www.reuters.com\/article\/uk-global-oil\/oil-prices-slide-on-worries-over-china-economy-and-higher-crude-output-idUSKBN2F304I\">Reuters<\/a>.<\/p>\n<p><strong>Fears over an economic slowdown in China are also driving the selling pressure:<\/strong> Manufacturing activity in China <a href=\"https:\/\/www.cnbc.com\/2021\/07\/31\/china-july-manufacturing-pmi.html\">grew at its weakest pace<\/a> since the start of the pandemic last month due to rising raw materials prices and bad weather, while <a href=\"https:\/\/www.bbc.co.uk\/news\/world-asia-china-58052894\">a fresh covid outbreak<\/a> is raising the prospect of further economic disruption this month.<\/p>\n<p><strong>** CATCH UP QUICK on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>More securitization in the works:<\/strong> Al Taamir for Securitization is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebca392b-370d-49c8-a6f7-42d785742cf7\">in talks with Al Oula<\/a> to manage a EGP 650 mn securitized bond issuance.<\/li>\n<li><strong>More changes at the EGX:<\/strong> The EGX has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35b1fa97-327f-428f-94e3-ca4b176a818f\">changed up its list of shares eligible<\/a> for same-day trading, margin trading and short-selling as part of its biannual rebalancing.<\/li>\n<li><strong>Smoke \u2018em if you\u2019ve got \u2018em:<\/strong> Philip Morris is among several tobacco companies with local operations that are said to be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/516b2b65-a117-4391-961e-2a72b6bc2a54\">interested in bidding for a license<\/a> to set up Egypt\u2019s second tobacco company.<\/li>\n<\/ul>\n<p><strong>CORRECTION-<\/strong><strong> Law firm Ibrachy & Dermarkar represented Swvl in the mass transit app\u2019s <\/strong><strong>recent merger with US-based SPAC Queen\u2019s Gambit Growth Capital<\/strong>, not Shahid Law Firm as we incorrectly said in yesterday\u2019s EnterprisePM. Shahid was on board, but as a co-legal advisor for Queen\u2019s Gambit alongside Vinson & Elkins. Apologies for the confusion. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c27d80cf-adda-4cb1-9ce5-5ff433e7de43\">The story<\/a> has since been corrected on our website.<\/p>\n<p><strong>HAPPENING TODAY-<\/strong> The <a href=\"https:\/\/www.africa-foodmanufacturing.com\/en\/Home.html\">Africa Food Manufacturing<\/a> exhibition kicked off today at the Egypt International Exhibition Center. The event will run until 4 August.<\/p>\n<p><strong>YOUR MANDATORY COVID STORY- We could have England to thank for the <\/strong><strong>next-gen covid variants. <\/strong>Health experts are warning that new, more dangerous covid variants could evolve in England due to the government\u2019s decision to lift restrictions last month, according to <a href=\"https:\/\/www.cnbc.com\/2021\/08\/02\/health-experts-fear-england-may-become-incubator-for-covid-variants.html\">CNBC<\/a>. Measures such as mask-wearing and social distancing have not been mandatory since the country\u2019s so-called \u201cFreedom Day\u201d on 19 July, creating a set of conditions that more than 1.2k scientists around the world think will be ripe for producing stronger variants that could render existing vaccines ineffective.<\/p>\n<p><strong>Meanwhile, the UAE plans to administer Sinopharm jabs to children between the ages of 3-17<\/strong>, the UAE government said on <a href=\"https:\/\/twitter.com\/uaegov\/status\/1422091690635153409\">Twitter<\/a>. It added that the move comes after clinical trials and extensive evaluations, without giving more detail. The Gulf country has already been rolling out the Pfizer-BioNTech vaccine for children aged 12-15 after <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-allows-pfizer-covid-19-dose-emergency-use-12-15-year-olds-2021-05-13\/#:~:text=DUBAI%2C%20May%2013%20(Reuters),for%2016%20years%20and%20above.\">approving the decision in May<\/a>. The UAE has fully vaccinated almost 71% of its population of roughly 9 mn, while 79% of individuals have received a first dose, the <a href=\"https:\/\/twitter.com\/mohapuae\/status\/1421819362466488328\">Health Ministry said<\/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 week to review interest rates. All 12 analysts we surveyed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/597c7a82-ab0a-4b2c-a706-8bd715c974fe\">expect the central bank to leave rates on hold<\/a>, with inflation and rising global commodity prices weighing heavily on their decision.<\/p>\n<p><strong>Other news triggers to keep an eye on in the coming couple of weeks:<\/strong><\/p>\n<ul>\n<li><strong>PMI:<\/strong> July\u2019s purchasing managers\u2019 index will be out on Tuesday, 3 August.<\/li>\n<li><strong>Foreign reserves:<\/strong> July\u2019s foreign reserves figure should land next week.<\/li>\n<li><strong>Inflation:<\/strong> Inflation data for July will be out on Tuesday, 10 August.<\/li>\n<\/ul>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/800463473960999?active_tab=about\">Dokki Book Fair<\/a><\/strong><strong> will be held from 5-10 August at the <\/strong><strong><a href=\"https:\/\/www.facebook.com\/Ebda3.Spaces\/\">Ebda3 Villa<\/a><\/strong><strong>,<\/strong> boasting 1 mn books on sale at this year\u2019s event.<\/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>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a><strong> Clumsy neologism of the day: \u201cGreenflation.\u201d<\/strong> This is the term Morgan Stanley Investment Management\u2019s Ruchir Sharma uses to describe the rising prices of commodities that are crucial for manufacturing green technologies.<\/p>\n<p><strong>Semantic jibes aside, Sharma has a serious point: <\/strong>Writing in an op-ed for the <a href=\"https:\/\/www.ft.com\/content\/49c19d8f-c3c3-4450-b869-50c7126076ee\">Financial Times<\/a>, the strategist says that government policies are holding us back from taking serious action to tackle climate change, despite the focus on a green-led economic recovery among many governments around the world. The huge, post-covid spending programs and new regulations that are hampering investment in mines are responsible for the heightened copper, aluminium and lithium prices, conversely making it harder for the world to step up its climate response, he argues.<\/p>\n<p><strong>Sometimes, the best thing to do is... nothing. <\/strong>Passive investing, or linking assets to the benchmark indices, has <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-29\/the-indexing-boom-has-saved-s-p-investors-a-cool-357-billion?sref=mmeFTDW1\">netted USD 357 billion in savings<\/a> for investors in the past quarter-century, according to S&P Dow Jones Indices, which maintains the S&P 500, S&P 400, and S&P 600 indices. Passive investing cuts out fees and mitigates underperformance risks. S&P\u2019s director of index investment strategy <a href=\"https:\/\/www.indexologyblog.com\/2021\/07\/27\/strength-of-savings\/\">claims<\/a> that in the twenty years up to 2020, the S&P 500 outperformed 94% of large-cap US managers.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81474191\">Lift Like a Girl<\/a><\/strong><strong>, an Egyptian award-winning documentary about a female <\/strong><strong>weightlifter,<\/strong><strong> has landed on Netflix just as we reach peak Olympics.<\/strong> Directed by Mayye Zayed, the documentary was shot over four years as it follows Zebiba, a weightlifter who strives to realize her dream of becoming a world champion. Zebiba\u2019s main icon is her coach\u2019s daughter, Egypt\u2019s top female weightlifter and former world champion Nahla Ramadan. The documentary premiered at the Toronto International Film Festival and was screened at the last Cairo International Film Festival, winning <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/760d6375-a17d-4e27-ba28-4ff6e06c1a6b\">several awards<\/a> for its narrative and themes of female empowerment.<\/p>\n<p><strong>Sadly, there are no Egyptian weightlifters in Tokyo<\/strong> after the Egyptian Weightlifting Federation was <a href=\"https:\/\/english.ahram.org.eg\/OlympicsNews\/414124.aspx\">handed a two-year suspension<\/a> in 2019 for testing positive for performance enhancing substances.<\/p>\n<p>?<strong> TODAY IN THE TOKYO OLYMPICS- <\/strong><\/p>\n<p><strong>Mostafa El Gamel lost his chance at getting to the final of the <\/strong><strong><a href=\"https:\/\/olympics.com\/tokyo-2020\/olympic-games\/en\/results\/athletics\/result-men-s-hammer-throw-qual-b00100-.htm\">Men\u2019s Hammer Throw<\/a><\/strong> after finishing 11th among 16 athletes in this morning\u2019s event. <sup><\/sup><\/p>\n<p><strong>Diver Mohab Mohymen Ishak has qualified for the next round of the <\/strong><strong><a href=\"https:\/\/olympics.com\/tokyo-2020\/olympic-games\/en\/results\/diving\/results-men-s-3m-springboard-prel-000100-.htm\">Men\u2019s 3m<\/a><\/strong><strong><a href=\"https:\/\/olympics.com\/tokyo-2020\/olympic-games\/en\/results\/diving\/results-men-s-3m-springboard-prel-000100-.htm\">Springboard<\/a><\/strong> after finishing the preliminary round in 12th place.<\/p>\n<p><strong>Samaa Ahmed has finished second to last in the quarterfinals of the <\/strong><strong><a href=\"https:\/\/olympics.com\/tokyo-2020\/olympic-games\/en\/results\/canoe-sprint\/race-results-women-s-kayak-single-200m-qfnl-000100-.htm\">Women's K-1 200m<\/a><\/strong><strong><a href=\"https:\/\/olympics.com\/tokyo-2020\/olympic-games\/en\/results\/canoe-sprint\/race-results-women-s-kayak-single-200m-qfnl-000100-.htm\">Canoe Sprint<\/a><\/strong><strong>.<\/strong><\/p>\n<p><strong>Wrestler Enas Khorshed is out of the <\/strong><strong><a href=\"https:\/\/olympics.com\/tokyo-2020\/olympic-games\/en\/results\/wrestling\/result-women-s-freestyle-68kg-8fnl-000400-.htm\">Women\u2019s Freestyle 68kg event<\/a><\/strong> after losing 7-0 to Germany\u2019s Anna Schell in the round of 8.<\/p>\n<p><strong>Osama Elsaeid failed to qualify for the next round of the <\/strong><strong><a href=\"https:\/\/olympics.com\/tokyo-2020\/olympic-games\/en\/results\/shooting\/results-50m-rifle-3-positions-men-qual-000100-.htm\">Men\u2019s 50m Rifle Shooting Three<\/a><\/strong><strong><a href=\"https:\/\/olympics.com\/tokyo-2020\/olympic-games\/en\/results\/shooting\/results-50m-rifle-3-positions-men-qual-000100-.htm\">Positions<\/a><\/strong> after coming second to last.<\/p>\n<p><strong>Hanna Hiekal and Laila Ali finished in 20th place in the a<\/strong><strong>rtistic swimming women\u2019s duet preliminary round. <\/strong><\/p>\n<p><strong>WHAT TO WATCH tonight and tomorrow- <\/strong><\/p>\n<ul>\n<li><strong>3:00am: Mohab Mohymen Ishak <\/strong>will compete in the diving <strong>men's 3m springboard semi-final<\/strong>.<\/li>\n<li><strong>5:14am:<\/strong> <strong>Wrestler Mohamed Metwally<\/strong> will go up against Belarus\u2019 Kiryl Maskevich in the <strong>Men's Greco-Roman 87kg round of 8<\/strong>.<\/li>\n<li><strong>5:56am:<\/strong> <strong>Mohamed Ibrahim Kicho<\/strong> will play against a player that is still to be determined in the <strong>Men's Greco-Roman 67kg round of 8<\/strong>.<\/li>\n<li><strong>12:15am:<\/strong> <strong>Mostafa Amr Hassan<\/strong> will compete in Group A of the <strong>Men's Shot Put qualification round<\/strong>.<\/li>\n<li><strong>12:30am:<\/strong> <strong>Hanna Hiekal<\/strong> and <strong>Laila Ali<\/strong> will represent Egypt in the <strong>Women's Artistic Swimming Duet technical round<\/strong>.<\/li>\n<li><strong>1:40pm:<\/strong> <strong>Mohamed Magdi Hamza<\/strong> will compete in Group B of the <strong>Men's Shot Put qualification round<\/strong>.<\/li>\n<li><strong>1:45pm:<\/strong> <strong>Egypt<\/strong> will face <strong>Germany<\/strong> in the <strong>Handball quarter-finals<\/strong> tomorrow.<\/li>\n<\/ul>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>Singer\/songwriter Malak <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/malak-album-launch-party\/375233207271955\/\">is celebrating<\/a><\/strong><strong> the release of her debut studio album<\/strong> at Cairo Jazz Club in Agouza tomorrow at 9pm.<\/p>\n<p><strong>Sharmoofers <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/sharmoofers-anis-opening-closi\/458582765545833\/\">are performing<\/a><\/strong><strong> at Cairo Jazz Club 610<\/strong> in Sheikh Zayed on Wednesday at 9pm. Anis will be playing the opening and closing sets.<\/p>\n<p><strong>Blast from the past:<\/strong> <strong>All of your childhood favorite music from the shows on Spacetoon<\/strong> will be played <a href=\"https:\/\/www.facebook.com\/events\/s\/spacetoon-grand-concert-in-e-g\/522462235474516\/\">at a concert<\/a> in El Sawy Culturewheel on Saturday at 7pm.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Wall Street Journal tech and auto reporter Tim Higgins tells the history of Tesla in <\/strong><strong>his new book <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Power-Play-Tesla-Elon-Century-ebook\/dp\/B08MQ4KWWR\">Power Play<\/a><\/strong><strong>. <\/strong>Tesla CEO Elon Musk is considered by some a visionary and by others a controversial huckster whose tweets have seen bns of USD lost. It\u2019s hard to deny his success in helping to take the electric car mainstream. However, Musk himself has often been Tesla\u2019s worst enemy, with his antics more than once threatening his auto giant\u2019s legacy. Higgins asks the question of whether Musk is an underdog, an antihero, a conman, or some combination of all three, exploring the rollercoaster ride that is now one of Silicon Valley\u2019s leading titans. Star Tribune is out with a <a href=\"https:\/\/www.startribune.com\/review-power-play-tesla-elon-musk-and-the-bet-of-the-century-by-tim-higgins\/600083162\/?refresh=true\">review<\/a>.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- The somewhat-calm before the heat storm: <\/strong>Tomorrow will see temperatures of 42\u00b0C in Cairo before the mercury rises to 44\u00b0C and stays there for four days, according to our favorite weather app. Sahel is also getting hotter than usual with daytime highs of 36-37\u00b0C over the next few 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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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          <!-- <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=\"563997\" 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 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section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"563998\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/egypt-expects-usd-3-4-bn-bond-inflows-in-2h2021\/\">\r\n                            Egypt expects USD 3-4 bn bond inflows in 2H2021                        <\/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 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/340.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563999\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/egypt-expects-usd-3-4-bn-bond-inflows-in-2h2021\/340-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/340.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"340.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/340.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/340.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563998\" class=\"content-area-description single-story post-563998 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-economy tag-bonds tag-economy tag-enterprisepm 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-01\"><\/a><strong> Egypt expects to see USD 3-4 bn of foreign inflows into the bond market in<\/strong><strong> 2H2021<\/strong>, Beltone Financial\u2019s chief economist Alia Mamdouh told Bloomberg Daybreak this morning <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2021-08-02\/egypt-s-macro-outlook-in-focus-video\">(watch, runtime 4:39<\/a>). Portfolio flows should pick up over the next six months if Egyptian debt is made \u201c<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a1b21c3-fa9d-4c13-9002-b4b8712e3e07\">Euroclearable<\/a>\u201d and the country\u2019s local-currency bonds make it back onto JPMorgan\u2019s emerging-market sovereign bond index later this year.<\/p>\n<p><strong>We should hear from JPMorgan by October whether Egypt will be included in the index<\/strong>, which is expected to generate <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea858526-5700-49cf-9a6c-4bb9a7b54d2a\">USD 1.4-2.2 bn in inflows<\/a> into EGP-denominated debt. The US investment bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2942a7fd-4cca-4286-98b3-5c2d1c99da8a\">said in April<\/a> it would take a decision within six months.<\/p>\n<p><strong>And a decision from Euroclear is expected at a similar time:<\/strong> Egypt\u2019s bonds could start to be cleared through the Belgium-based clearinghouse <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95e658a0-969e-43ad-84b1-5ad3188839e2\">between September and November<\/a>, making it easier for foreign funds to get into and out of Egyptian debt.<\/p>\n<p><strong>Egypt made it onto FTSE Russell\u2019s new frontier-market sovereign bond index<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b180946d-ee6d-4bca-a997-bdcf0c56256a\">launched in June<\/a>, which the Finance Ministry believes should attract another USD 4 bn in foreign inflows.<\/p>\n<p><strong>Foreign holdings have rebounded to new record highs this year<\/strong> following the emerging-market sell-off that accompanied the first wave of the coronavirus in March. Foreign investment in bills and bonds rose to between <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32c7b2cc-95aa-4cb6-962f-496eade1e38d\">USD 28-29 bn<\/a> at the end of May, after having fallen to a nadir of USD 10.4 bn in May 2020.<\/p>\n<p><strong>We\u2019re already seeing a recovery in foreign inflows into debt: <\/strong>Foreign inflows dropped in March and April 2020 due to the pandemic-induced sell-off, but hot money started <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a02f6809-1380-4df3-863e-2926ff19819f\">coming back<\/a> to the country in May of the same year to reach USD 23 bn by the end of last November, up from USD 21.1 bn six weeks earlier.<\/p>\n<p><strong>Where are yields headed?<\/strong> Bond yields are also expected to stay elevated at current levels of 15-15.2% until the end of 2021, with an expected \u201cslight\u201d uptick in 2022 with the rise of corridor rates, Mamdouh said.<\/p>\n<p><strong>Rising global commodity prices to start making their mark on Egypt:<\/strong> An uptick is expected in inflation rates that will likely average 6.9% in 2H2021 compared to 4.5% in 1H2021 due to rising global commodity prices and a recovery in spending patterns, she said.<\/p>\n<p><strong>Rate hike in 2022?<\/strong> As a result, Beltone is expecting the central bank to raise interest rates by 100 bps during 2H2022.<\/p>\n<p><strong>The CBE will likely <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/597c7a82-ab0a-4b2c-a706-8bd715c974fe\">leave interest rates on hold<\/a><\/strong><strong> for the sixth consecutive meeting<\/strong> with a close eye on rising commodity prices, our recent Enterprise poll says.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/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=\"564000\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"564000\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/564000\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            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      <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564001\" class=\"content-area-description single-story post-564001 post type-post status-publish format-standard hentry category-speed-round-capital-markets tag-banque-du-caire tag-banque-misr tag-capital-markets tag-enterprisepm tag-smes tag-suez-canal-bank 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-02\"><\/a> <strong>The EGP 1 bn fund of funds which is expected to be launched by Egypt\u2019s biggest state <\/strong><strong>banks will launch in 4Q2021<\/strong>, an official at one of the banks told us, confirming <a href=\"https:\/\/bit.ly\/3C58rBg\">statements<\/a> by the National Bank of Egypt\u2019s (NBE) Group Head of Investment & Assets Management Ahmed El Said to the local press. El Said also noted that the Suez Canal Bank will be joining the consortium establishing the fund, which consists of NBE, Banque Misr, Banque du Caire (BdC).<\/p>\n<p><strong>The consortium appears to have hired Washington DC-based asset manager <\/strong><strong><a href=\"http:\/\/www.avanzcapital.com\/index.html\">Avanz Capital<\/a><\/strong><strong>,<\/strong> an affiliate of I Squared Capital with over USD 13 bn in assets under management, to manage the fund, El Said revealed. The asset management firm invests in funds and companies across emerging and frontier markets with a focus on Africa, Latin America and emerging Asia.<\/p>\n<p><strong>Areas of interest<\/strong>: The fund plans to invest in SMEs and companies operating in healthcare, education, fintech, agribusiness, renewables, fast-moving consumer goods as well as information and communications technology, a BdC source earlier told us <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e8eae22-3c07-4eb5-b76f-474b4e898ad6\">back in June<\/a>.<\/p>\n<p><strong>What\u2019s a fund of funds?<\/strong> In basic terms, a fund of funds is one that chooses to invest in other funds \u2014 whether equity or debt \u2014 rather than individually vetting specific companies or debt issuances it may want to back. The fund managers to whom the FoF hands AUM are then trusted to generate returns that pass back to the managers of the fund of funds.<\/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\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-bank\/\">Suez Canal Bank<\/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=\"564002\" 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=\"564002\">\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\">SPEED ROUND: CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/mubasher-capital-plans-for-10-funds-starting-next-year\/\">\r\n                            Mubasher Capital plans for 10 funds starting next year                        <\/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\/08\/02\/mubasher-capital-plans-for-10-funds-starting-next-year\/\" 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\/08\/02\/mubasher-capital-plans-for-10-funds-starting-next-year\/')\">\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\/08\/02\/mubasher-capital-plans-for-10-funds-starting-next-year\/\">\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=Mubasher Capital plans for 10 funds starting next year&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/mubasher-capital-plans-for-10-funds-starting-next-year\/\">\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\/08\/02\/mubasher-capital-plans-for-10-funds-starting-next-year\/&title=Mubasher Capital plans for 10 funds starting next year\">\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=Mubasher+Capital+plans+for+10+funds+starting+next+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F02%2Fmubasher-capital-plans-for-10-funds-starting-next-year%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\/08\/02\/mubasher-capital-plans-for-10-funds-starting-next-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564002\" class=\"content-area-description single-story post-564002 post type-post status-publish format-standard hentry category-speed-round-capital-markets tag-capital-markets tag-enterprisepm wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Mubasher Capital to establish 10 equity and debt funds from <\/strong><strong>2022-2025<\/strong><sup><\/sup>: Mubasher Capital Holding for Financial Investments plans to set up 10 funds starting 2022 in Egypt, Chairman Ehab Rashad told Enterprise. The plan, which is still being ironed out, will see the company launch a fund every quarter starting 2022, with a target to raise EGP 250-500 mn for each fund from regional investors, he added. The funds will be primarily focused on investments in stocks as well as debt securities including green bonds and treasury bills, Rashad added.<\/p>\n<p><strong>The plan is pending approvals<\/strong>: The company submitted a request for the Financial Regulatory Authority to get a fund manager\u2019s license, which Rashad expected to be given before the end of this year. The company\u2019s board of directors will also convene in the second week of August to approve adding the new line of business.<\/p>\n<p><strong>Other fund-related plans<\/strong>: Mubasher also plans to wrap up the acquisition of an unnamed Egyptian company that owns a fund focused on investments in stocks, bills and treasury bonds before the end of this year. The company already obtained all necessary approvals.<\/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\/capital-markets\/\">capital markets<\/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=\"564003\" 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=\"564003\">\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\">SPEED ROUND: TOURISM<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\">\r\n                            Colliers hikes hotel occupancy forecasts for Egypt in 2021                        <\/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\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\" 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\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/')\">\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\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\">\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=Colliers hikes hotel occupancy forecasts for Egypt in 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\">\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\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/&title=Colliers hikes hotel occupancy forecasts for Egypt in 2021\">\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=Colliers+hikes+hotel+occupancy+forecasts+for+Egypt+in+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F02%2Fcolliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021%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\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/342.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"564004\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/colliers-hikes-hotel-occupancy-forecasts-for-egypt-in-2021\/342-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/342.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"342.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/342.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/342.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564003\" class=\"content-area-description single-story post-564003 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-tourism tag-aviation tag-colliers-international tag-enterprisepm tag-hospitality tag-hurghada tag-sharm-el-sheikh tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Colliers International has upped its full-year hotel occupancy forecast for Egypt <\/strong>in its <a href=\"https:\/\/ent.news\/2021\/8\/MENA-Hotel-Forecasts-August-2021-English.pdf\">August report on MENA hotels (pdf)<\/a><strong>, <\/strong>with Cairo, Sharm El Sheikh, and Hurghada all expected to see a jump in occupancy rates over the previous year.<\/p>\n<p><strong>Let\u2019s start with the resorts: <\/strong>Occupancy rates in Hurghada are expected to rise to 51% this year, up 112% y-o-y \u2014 a 5-point upgrade over Colliers\u2019 July forecast (pdf) and the only city in Colliers\u2019 list of 25 MENA destinations that will see growth more than double. Colliers maintained its forecast for Sharm El-Sheikh occupancy at 43%, up 88% y-o-y. The optimistic outlook in the two Red Sea resorts may be further buoyed by<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b27992c-3459-4b70-abfa-eb1d2d9ebb57\">the wrapping up of Russian health checks<\/a> at their airports, paving the way for direct flights with Russia to resume next week.<\/p>\n<p><strong>Cairo\u2019s occupancy rates are expected to to reach 49%, <\/strong>up 79% y-o-y, with Colliers upping its projections 5% over its July forecast. Meanwhile, Colliers lowered its projections for <strong>Alexandria\u2019s <\/strong>occupancy rate this year to 57% from 58% in last month\u2019s forecast, still a 26% y-o-y bump%.<\/p>\n<p><strong>What about the rest of MENA?<\/strong> Projections remained more or less stable, with expectations for significant growth in hotel occupancy across the region compared with last year \u2014 unsurprisingly, given the pandemic\u2019s devastating impact on the industry in 2020. The UAE continues to impress, with rates in four Dubai destinations averaging 68%. Mean rates in Saudi Arabia stood at 45%, led by Riyadh at 57%, while the average for Qatar\u2019s Doha recorded 70%. Expectations remained low for Amman at 33%, while Beirut has seen steady improvement to reach 38%, up from <a href=\"https:\/\/ent.news\/2021\/6\/MENA-Hotel-Forecasts-June-2021-English.pdf\">33% predicted in June<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/colliers-international\/\">Colliers International<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sharm-el-sheikh\/\">Sharm El Sheikh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/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=\"564005\" 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=\"564005\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/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\/08\/02\/turnover-breaks-egp-2-bn-mark-in-todays-trading\/\">\r\n                            Turnover breaks EGP 2 bn mark in today\u2019s trading                        <\/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\/08\/02\/turnover-breaks-egp-2-bn-mark-in-todays-trading\/\" 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\/08\/02\/turnover-breaks-egp-2-bn-mark-in-todays-trading\/')\">\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\/08\/02\/turnover-breaks-egp-2-bn-mark-in-todays-trading\/\">\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=Turnover breaks EGP 2 bn mark in today\u2019s trading&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/turnover-breaks-egp-2-bn-mark-in-todays-trading\/\">\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\/08\/02\/turnover-breaks-egp-2-bn-mark-in-todays-trading\/&title=Turnover breaks EGP 2 bn mark in today\u2019s trading\">\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=Turnover+breaks+EGP+2+bn+mark+in+today%E2%80%99s+trading+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F02%2Fturnover-breaks-egp-2-bn-mark-in-todays-trading%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\/08\/02\/turnover-breaks-egp-2-bn-mark-in-todays-trading\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564005\" class=\"content-area-description single-story post-564005 post type-post status-publish format-standard hentry category-go-with-the-flow 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>The EGX30 rose 0.1% at today\u2019s close<\/strong> on turnover of EGP 2.37 bn (47.2% above the 90-day average). Foreign investors were net sellers. The index is down 0.2% YTD.<\/p>\n<p><strong>In the green: <\/strong>Ezz Steel (+6.3%), MM Group (+4.9%) and AMOC (+4.4%).<\/p>\n<p><strong>In the red: <\/strong>Speed Medical (-4.5%), Egyptian for Tourism Resorts (-2.7%) and Mopco (-1.3%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"564006\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"564007\" 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=\"564007\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/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\/08\/02\/warning-excessive-zen-may-be-hazardous-to-your-health\/\">\r\n                            Warning: Excessive Zen may be hazardous to your health                        <\/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\/08\/02\/warning-excessive-zen-may-be-hazardous-to-your-health\/\" 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\/08\/02\/warning-excessive-zen-may-be-hazardous-to-your-health\/')\">\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\/08\/02\/warning-excessive-zen-may-be-hazardous-to-your-health\/\">\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=Warning: Excessive Zen may be hazardous to your health&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/warning-excessive-zen-may-be-hazardous-to-your-health\/\">\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\/08\/02\/warning-excessive-zen-may-be-hazardous-to-your-health\/&title=Warning: Excessive Zen may be hazardous to your health\">\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=Warning%3A+Excessive+Zen+may+be+hazardous+to+your+health+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F02%2Fwarning-excessive-zen-may-be-hazardous-to-your-health%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\/08\/02\/warning-excessive-zen-may-be-hazardous-to-your-health\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/343.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"564008\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/warning-excessive-zen-may-be-hazardous-to-your-health\/343-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/343.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"343.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/343.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/343.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564007\" class=\"content-area-description single-story post-564007 post type-post status-publish format-standard has-post-thumbnail hentry category-life tag-enterprisepm tag-life tag-mindfulness tag-psychology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Don\u2019t overload your chakras: <\/strong>The practice of meditation has been known to enhance focus and alertness in a way not dissimilar to coffee. But, also like caffeine, too much can be a bad thing. Excessive meditating or meditation under the wrong circumstances can lead to anxiety, panic and insomnia, according to Willoughby Britton, an assistant professor in psychiatry and human behaviour at Brown University. Britton also works in <a href=\"https:\/\/www.cheetahhouse.org\/\">Cheetah House<\/a>, a non-profit organization that provides information and resources about meditation-related difficulties. In 2020, over 20k people contacted the organization for help, citing problems such as not feeling any love for family.<\/p>\n<p><strong>How does this happen? <\/strong>While not enough research has been conducted for a definitive answer, Britton\u2019s <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S2352250X18301453\">2019 study<\/a> found that meditation can often put meditators on an inverted U-shaped where typically positive effects eventually turn negative at a personal inflection point. Through brain scans, it has been found that meditation drives growth in the insula cortex, a region that is involved in bodily perception and emotion. However, too much stimulus in that brain area can lead to distress as negative thoughts and feelings take control. Meditation causes a spike in the intensity of emotions, causing your sensitivity to every slight change to possibly become overwhelming, Britton explains.<\/p>\n<p><strong>How common is it? <\/strong>In a <a href=\"https:\/\/journals.plos.org\/plosone\/article?id=10.1371\/journal.pone.0216643\">2009 study<\/a> involving 1.2k regular meditators, more than a quarter reported having had unpleasant meditation-related experiences. Participants who were prone to repetitive negative thinking and those who engaged in certain types of meditation such as <a href=\"https:\/\/www.dhamma.org\/en-US\/index\">vipassana<\/a> or <a href=\"https:\/\/www.dharma.org\/\">insight meditation<\/a> were more likely to report side effects ranging from panic attacks and depression to an unsettling sense of \u201cdissociation\u201d. A separate <a href=\"https:\/\/journals.plos.org\/plosone\/article?id=10.1371\/journal.pone.0183137\">Portugese study<\/a> found that 14% of meditators experienced panic attacks. Meanwhile, in Britton\u2019s study, around 8% of participants experienced feeling \u201cdissociated\u201d from their life, which she defines as not being able to feel extreme happiness or sadness. Other side effects reported include disrupted sleep, flashbacks, cognitive impairments, and social withdrawal.<\/p>\n<p><strong>Other studies dismiss the potential harm of meditation<\/strong>, including one by researchers at the Center for Healthy Minds at the University of Wisconsin\u2013Madison. <a href=\"https:\/\/www.cambridge.org\/core\/journals\/psychological-medicine\/article\/abs\/prevalence-of-harm-in-mindfulnessbased-stress-reduction\/A97168BD448E68E12394A66738C0FECE\">The study<\/a> found that people who took part in the common and widely available secular mindfulness programs did not experience psychological harm at a rate higher than people in control groups. On the contrary, people who took part in the eight-week Mindfulness-Based Stress Reduction (MBSR) program reported significantly lower levels of psychological harm than the no-treatment group, leading the researchers to believe that MBSR could be a useful method to prevent stress and anxiety.<\/p>\n<p><strong>Should we rule out meditation as a technique for improving mental health? Not just yet. <\/strong>Mindfulness practices have helped many people reach a sense of self, comfort, and relaxation. It's a way to get rid of obsessive thoughts and concentrate on the present moment. That being said, there are several ways to practice mindfulness and it might be worth exploring a technique and amount that feels right for you. However, if you\u2019re like Britton and find mindfulness psychologically harmful, a good alternative is working out at the gym or alone to find peace of mind.<\/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\/life\/\">LIFE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mindfulness\/\">mindfulness<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/psychology\/\">psychology<\/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=\"564009\" 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\/08\/02\/your-essential-business-calendar-on-2-august-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564009\" class=\"content-area-description single-story post-564009 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>23 July-11 August (Friday-Wednesday): Tokyo 2020 Olympics.<\/p>\n<p>2-4 August (Monday-Wednesday): Egypt is hosting the <a href=\"https:\/\/www.africa-foodmanufacturing.com\/en\/Home.html\">Africa Food Manufacturing<\/a> exhibition at the Egypt International Exhibition Center.<\/p>\n<p>5 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>9 August (Monday): Islamic New Year.<\/p>\n<p>9 August (Monday): Russian flights to Sharm El Sheikh, Hurghada resume.<\/p>\n<p>12 August (Thursday): National holiday in observance of the Islamic New Year.<\/p>\n<p>September: Delegation of Russian companies to visit Russian Industrial Zone.<\/p>\n<p>3-5 September (Friday-Sunday): The World Karate Federation will hold <a href=\"https:\/\/www.wkf.net\/news-center-new\/cairo-replaces-tashkent-as-host-of-2021-karate-1-premier-league\/1606\">the third competition<\/a> of the 2021 Karate 1-Premier League in Cairo.<\/p>\n<p>12-15 September (Sunday-Wednesday): Sahara Expo: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/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>21-22 September (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/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>October: New legislative session begins.<\/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>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>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>31 October - 12 November (Sunday-Friday): The 26th UN Climate Change Conference, Glasgow, UK.<\/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>29 November-2 December (Monday-Thursday): Egypt Defense Expo.<\/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>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/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":563995,"template":"","categories":[],"tags":[],"class_list":["post-563994","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b578776a-eb5c-452a-8037-a9b3d5a10409","teaser":"","photo_url":"https:\/\/ent.news\/2021\/8\/339.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 Egypt could see up to USD 4 bn in bond inflows during 2H2021 - 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-egypt-could-see-up-to-usd-4-bn-in-bond-inflows-during-2h2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Egypt could see up to USD 4 bn in bond inflows during 2H2021\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-egypt-could-see-up-to-usd-4-bn-in-bond-inflows-during-2h2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T04:20:25+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/339.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-egypt-could-see-up-to-usd-4-bn-in-bond-inflows-during-2h2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-egypt-could-see-up-to-usd-4-bn-in-bond-inflows-during-2h2021\/\",\"name\":\"Enterprise Egypt could see up to USD 4 bn in bond inflows during 2H2021 - 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