{"id":564083,"date":"2021-08-08T13:39:52","date_gmt":"2021-08-08T13:39:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=564083"},"modified":"2025-12-16T04:22:40","modified_gmt":"2025-12-16T04:22:40","slug":"enterprise-efg-hermes-corps-solutions-securitized-bond-sale-could-reach-egp-700-mn","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-efg-hermes-corps-solutions-securitized-bond-sale-could-reach-egp-700-mn\/","title":{"rendered":"Enterprise EFG Hermes Corps-Solutions' securitized bond sale could reach EGP 700 mn"},"content":{"rendered":"<section id=\"564085\" 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=\"564085\">\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\/08\/cbe-egx-confirm-thursday-holiday-solid-2q-aramco-earnings-tokyo-2020-is-over-china-to-ship-2-bn-vaccines\/\">\r\n                            CBE, EGX confirm Thursday holiday; Solid 2Q Aramco earnings; Tokyo 2020 is over; China to ship 2 bn vaccines;                        <\/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\/08\/cbe-egx-confirm-thursday-holiday-solid-2q-aramco-earnings-tokyo-2020-is-over-china-to-ship-2-bn-vaccines\/\" 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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Solid 2Q Aramco earnings; Tokyo 2020 is over; China to ship 2 bn vaccines;\">\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=CBE%2C+EGX+confirm+Thursday+holiday%3B+Solid+2Q+Aramco+earnings%3B+Tokyo+2020+is+over%3B+China+to+ship+2+bn+vaccines%3B+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F08%2Fcbe-egx-confirm-thursday-holiday-solid-2q-aramco-earnings-tokyo-2020-is-over-china-to-ship-2-bn-vaccines%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\/08\/cbe-egx-confirm-thursday-holiday-solid-2q-aramco-earnings-tokyo-2020-is-over-china-to-ship-2-bn-vaccines\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564085\" class=\"content-area-description single-story post-564085 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-bahrain tag-china tag-covid-19 tag-diplomacy tag-earnings tag-egx tag-enterprisepm tag-foreign-ministry tag-sameh-shoukry tag-sports 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.<\/strong> After an uncharacteristically busy first week of August, it seems we\u2019re right back down to the summer slowdown with a dearth of news today. That said, capital markets topped headlines in the local press.<\/p>\n<p><strong>But before we dive in, here\u2019s the good news- Central bank, stock market confirm Thursday holiday:<\/strong> The CBE and the EGX this morning followed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87ee0a12-f801-4476-a5bf-775ddebde97c\">the cabinet<\/a> by announcing that staff will take Thursday, 12 August as holiday in observance of the Islamic New Year. Check out their statements (pdfs \u2014 <a href=\"https:\/\/ent.news\/2021\/8\/CBE-Day-off.pdf\">here<\/a> and <a href=\"https:\/\/ent.news\/2021\/8\/EGX.pdf\">here<\/a>).<\/p>\n<p><strong>THE BIG STORY TODAY- Our hot securitization market just keeps getting hotter, <\/strong>with EFG Hermes Corp-Solutions could raise up to EGP 700 mn from a securitized bond issuance in 4Q2021, upping its 2H2021 target from a previous EGP 500 mn. EFG Hermes Corp-Solution now joins SODIC, Contact Financial Holding, Edge Holding, Raya\u2019s Aman, Tamweel Holdings and NUCA\u2019s Al Taamir for Securitization in big ticket securitization transactions this year. We break it down further in today\u2019s Speed Round.<\/p>\n<p><strong>HAPPENING NOW- <\/strong><strong>Shoukry is in Manama for talks with Bahraini Foreign Minister Abdullatif bin Rashid <\/strong><strong>Alzayani.<\/strong> Egypt\u2019s Foreign Ministry sent out <a href=\"https:\/\/twitter.com\/mfaegypt\/status\/1424301527276085252?s=21\">a tweet<\/a> this morning of the two ministers meeting in the Bahraini capital. Shoukry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e27e26f6-98dc-47fb-a54e-ddbe475cb2db\">arrived in Bahrain last night<\/a> carrying a letter to King Hamad bin Isa Al Khalifa from President Abdel Fattah El Sisi.<\/p>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>Tomorrow is Islamic New Year.<\/strong> The nation will take Thursday, 12 August as holiday to mark the occasion.<\/p>\n<p><strong>Russian flights return to the Red Sea tomorrow:<\/strong> Hurghada International Airport is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87ee0a12-f801-4476-a5bf-775ddebde97c\">due to<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87ee0a12-f801-4476-a5bf-775ddebde97c\">receive tomorrow<\/a> its first flight from Moscow in six years as Russia\u2019s flight ban finally comes to an end.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>DRIVING THE INT\u2019L BUSINESS NEWS AGENDA THIS MORNING-<\/strong><\/p>\n<p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <strong>Strong corporate earnings keeping stock market volatility at bay:<\/strong> A stellar season for corporate earnings is shoring up the stock market in a month which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c41e2718-e016-46c2-b19e-31d5593ba8d8\">some analysts warned<\/a> would be marked by volatility. The spread of the delta variant, combined with the seasonal drop-off in trading volumes that usually makes August a turbulent time in the financial markets, have had some worried about what is over the horizon, but a blockbuster US earnings season that is on course to break records has investors optimistic that the more pessimistic projections won\u2019t come to pass. Analysts are now projecting that S&P 500 earnings will rise 90% y-o-y in 2Q2021, smashing previous estimates for 53% growth, according to <a href=\"https:\/\/www.wsj.com\/articles\/record-pace-for-corporate-earnings-keeps-stocks-buoyant-11628415002?mod=hp_lead_pos1\">the Wall Street Journal<\/a>.<\/p>\n<p><strong>The spike in earnings isn\u2019t just because last year was terrible: <\/strong>2Q earnings are also so far outpacing those in 2019\u2019s second quarter, before the world came to a grinding halt. One analyst told the WSJ that big US companies currently hold strong pricing power, as pent-up demand, savings made during the pandemic, and stimulus checks combined to make consumers more likely to accept price rises.<\/p>\n<p><strong>It was also a good quarter for Saudi Aramco<\/strong>, which posted its biggest quarterly profit since the end of 2018, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-08\/saudi-aramco-follows-big-oil-rivals-with-a-profit-surge?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. The oil giant reported 2Q net income of USD 25.5 bn, propelled by a surge in oil prices which are up by around 40% year-to-date.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-aramco-launches-first-dollar-sukuk-bond-term-sheet-2021-06-09\/\">near four-fold hike<\/a><\/strong><strong> in earnings will ease the pressure on Aramco<\/strong>, which may now be able to keep up with competitors including Shell and BP in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c3d08fc-1497-4112-bf74-908f937f0028\">raising its annual dividend<\/a>, already the highest in the world at USD 75 bn. That would mark a rebound from the covid-induced slump that in June forced Aramco to raise <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-aramco-launches-first-dollar-sukuk-bond-term-sheet-2021-06-09\/\">USD 6 bn<\/a> on the debt markets in order to pay its annual dividend.<\/p>\n<p><strong>TikTok owner ByteDance is tiptoeing toward a <\/strong><strong>Hong Kong IPO<\/strong> despite Beijing\u2019s escalating crackdown on its tech industry, <a href=\"https:\/\/www.ft.com\/content\/bacca56f-1da5-4721-90bf-a61383ab7eec\">the Financial Times<\/a> reports, citing three people familiar with the company\u2019s plans. The company <a href=\"https:\/\/www.wsj.com\/articles\/bytedance-shelvedipo-intentions-after-chinese-regulators-warned-about-data-security-11626078000?mod=hp_lead_pos1\">shelved<\/a> its plans for a US listing back in March under government pressure, but after addressing regulatory concerns it is now planning to go public on the Hang Seng either in the final quarter of this year or in early 2022.<\/p>\n<p><strong>Also making international headlines:<\/strong><\/p>\n<ul>\n<li><strong>Thousands have <\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/europe\/blaze-ravages-evia-island-sixth-day-greek-wildfires-2021-08-08\/\">fled<\/a><\/strong><strong> their homes on the island of Evia, to the east of <\/strong><strong>Athens, <\/strong>as Greece enters a sixth day of wildfires that have erupted across the country amid its worst heatwave in 30 years. Two Egyptian helicopters joined French, Swiss and Spanish firefighting aircraft to aid the Greek emergency services and army in battling the blazes.<\/li>\n<li><strong>The US Senate voted yesterday to advance the Biden administration\u2019s USD <\/strong><strong>1 tn <\/strong><strong>infrastructure bill<\/strong>, clearing an important procedural hurdle towards passing the key legislation after months of negotiations, <a href=\"https:\/\/apnews.com\/article\/joe-biden-business-70faa01ded519352707818d33c6c64b8\">the Associated Press<\/a> reports. In a 67-27 vote demonstrating strong bipartisan support, senators agreed to hold votes on a final set of amendments to the bill, which represents the biggest investment in decades in America\u2019s roads, bridges, airports and waterways.<\/li>\n<\/ul>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Interest rates on hold for another six weeks:<\/strong> The Central Bank of Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a5489a2-5819-4461-830b-c85a52b4fe78\">left interest rates unchanged<\/a> for a sixth consecutive meeting on Thursday as policymakers look to preempt rising inflation and maintain Egypt\u2019s high real interest rate.<\/li>\n<li><strong>J&J coming today:<\/strong> Egypt\u2019s first shipment of Johnson & Johnson vaccines <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5c83e89-8091-4920-b12b-dd92120c385c\">is arriving today<\/a>, though we don\u2019t yet know how many doses we\u2019re getting.<\/li>\n<li><strong>SFE to push into education:<\/strong> The Sovereign Fund of Egypt will soon <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e68bab4-9022-4d6d-9de8-f48efbb4fe5c\">launch a new sub-fund<\/a> to invest in the education industry.<\/li>\n<\/ul>\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>YOUR COVID NEWS BULLETIN- <\/strong><strong>China will try to distribute 2 bn doses of covid vaccines by the end of this year<\/strong>, Chinese Premier Xi Jinping said Thursday, according to <a href=\"https:\/\/reut.rs\/3Coo9I3\">Reuters<\/a> reports. The government will also provide the global vaccine distribution scheme Covax with USD 100 mn to help it expand capacity. Chinese vaccine maker Sinovac has signed agreements with 20 other countries that will see it dispatch almost 900 mn shots. This comes in addition to the 770 mn doses China has already exported to other countries.<\/p>\n<p><strong>This makes Western pledges look pretty feeble:<\/strong> The US has said it would provide <a href=\"https:\/\/it.usembassy.gov\/biden-u-s-will-donate-500-million-vaccine-doses-for-global-covid-19-fight\/\">only a quarter of this amount<\/a> while the G7 has collectively committed to <a href=\"https:\/\/www.reuters.com\/world\/g7-provides-1-billion-covid-vaccine-doses-will-work-give-more-communique-2021-06-13\/\">distributing 1 bn doses<\/a>.<\/p>\n<p><strong>Senegal on its way to becoming covid vaccine maker: <\/strong>Backed by the EU, Senegal signed an agreement with US company MedInstill to bottle covid vaccines, and plans to start manufacturing vaccines by 2Q2022 and produce 300 mn shots per year by the end of 2022, according to <a href=\"https:\/\/reut.rs\/37xpGNv\">Reuters<\/a>.<\/p>\n<p>?<strong> TODAY IN THE TOKYO OLYMPICS- <\/strong><\/p>\n<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>Tokyo 2020 has come to an end:<\/strong> The closing ceremony wrapped up in Tokyo just minutes before dispatch, bringing to an end an Olympic Games held under unprecedented circumstances. Giana Farouk was Egypt\u2019s flag bearer at the event, joining athletes from across the world who marched into the Olympic Stadium before the symbolic flame was doused.<\/p>\n<p><strong>Has Japan warmed to the Games?<\/strong> The first ever Olympics to be held in the wrong year, Tokyo 2020 has been dominated by shots of empty stadiums and masked athletes, while as covid cases have risen, concerns have grown about the event gaining superspreader status. Despite the widespread domestic opposition to the Games in the lead-up to the competition, <a href=\"https:\/\/www.npr.org\/sections\/tokyo-olympics-live-updates\/2021\/08\/02\/1023606904\/the-japanese-public-begins-to-embrace-the-tokyo-olympics\">public opinion seems to have softened<\/a>, perhaps as a result of Japan\u2019s <a href=\"https:\/\/www.reuters.com\/lifestyle\/sports\/japan-exceeds-its-own-record-medal-haul-tokyo-2020-2021-08-08\/\">record medal tally<\/a>.<\/p>\n<p><strong>Egypt had its most successful Olympics ever<\/strong>, bagging six medals including Feryal Ashraf\u2019s historic victory in the karate on Saturday, which made her the first Egyptian woman ever to claim an Olympic gold.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>Pimp My Ride with a bit of Mad Max:<\/strong> This week we're looking at reality TV shows you should tune into on your streaming platform of choice. We know many of you cringe when you read the words 'reality' and 'TV' put together, and those of you who don't consider it a guilty pleasure. However, not all reality TV is the Kardashians pulling each other's hair out... <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/80194704\">Car Masters: Rust to Riches<\/a> has three seasons out on Netflix, and for the car enthusiasts of you, it'll be sure to provide a kick. It's a surprisingly well-thought-out series that shows the process of converting old cars and trucks into something special for trade, focusing on both the mechanics and aesthetics at the same time. It also provides a glimpse into the business of it all as you follow along the eclectic team at Gotham Garage and their tireless pursuit of a big pay day. The garage's high-end clientele add an extra layer of enjoyment as you witness some of the weirdest car requests we've ever seen (hot tub car anyone?).<\/p>\n<p><strong>? DRINK THIS TONIGHT- <\/strong><\/p>\n<p><strong>Milkshakes galore:<\/strong> This heat needs something refreshing, and that's exactly what's on the menu at <a href=\"https:\/\/www.instagram.com\/shakesnbakes_eg\/?utm_medium=copy_link\">Shakes n' Bakes<\/a>. They have an impressive variety of anything that comes in a plastic cup, from smoothies to milkshakes and iced coffee, ensuring that even the pickiest drinker will find something to indulge in. Their milkshakes include Lotus, Twinkies, Maltesers, Oreo, Nutella, bubblegum, and coconut, while their smoothie offerings range from all kinds of lemon mint to mango and watermelon. If that doesn't sound tempting and you'd rather have something to eat, they also offer smoothie bowls and cake cups that are moist and flavorful. You can find Shakes n' Bakes at Walk of Cairo and Sheikh Zayed's Americana Plaza.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>The Color Run comes to Marassi this weekend<\/strong>, featuring \u201cthe happiest 5k\u201d running event with live music and other events throughout the day. Tickets are <a href=\"https:\/\/collardtickets.com\/event\/color-run\/\">being sold now<\/a>.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Stephen King's newest novel <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Billy-Summers-Stephen-King\/dp\/1982173610\">Billy Summers<\/a><\/strong><strong> is \"his best book in years,\"<\/strong> according to <a href=\"https:\/\/www.theguardian.com\/books\/2021\/aug\/04\/billy-summers-by-stephen-king-review-his-best-book-in-years\">the<\/a><a href=\"https:\/\/www.theguardian.com\/books\/2021\/aug\/04\/billy-summers-by-stephen-king-review-his-best-book-in-years\">Guardian<\/a>. The book follows a \u2018hitman with a heart\u2019 who only accepts assassination jobs if he feels the target is a bad person. While the irony is not lost on us, it's hard not to fall in love with the morally-confused Billy Summers. When he decides to take one final job, he gets the help of college student Alice whom he rescues from her own violent ordeal. King's latest is a surprising action-filled love novel full of heartbreak redemption, and retribution. <a href=\"https:\/\/www.nytimes.com\/2021\/08\/03\/books\/review\/stephen-king-billy-summers.html\">The New York Times<\/a> and <a href=\"https:\/\/www.rollingstone.com\/culture\/culture-features\/stephen-king-billy-summers-interview-1203646\/\">Rolling Stone<\/a> also can\u2019t give enough praise to the book.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Us Cairo dwellers look like we\u2019re getting some reprieve from the heat this week. According to our favorite weather app, temperatures aren\u2019t likely to top the 40\u00b0C mark (so it\u2019s just going to be really hot, not really, really hot). The Egyptian Meteorological Authority (EMA) is <a href=\"https:\/\/www.facebook.com\/ema.gov.eg\/posts\/4584844248216901\">forecasting<\/a> daytime highs in Cairo of 37-39\u00b0C.<\/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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-ministry\/\">Foreign Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"564086\" 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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<\/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\/08\/corps-solutions-plans-egp-500-700-mn-securitized-bond-sale-in-4q2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/381.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"564088\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/corps-solutions-plans-egp-500-700-mn-securitized-bond-sale-in-4q2021\/381-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/381.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"381.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/381.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/381.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564087\" class=\"content-area-description single-story post-564087 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-debt-watch tag-debt-watch tag-efg-hermes tag-enterprisepm tag-paytabs tag-securitization tag-smes tag-valu 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> Corps-Solutions securitized bond sale could reach EGP 700 mn:<\/strong> EFG Hermes Corp-Solutions plans to raise EGP 500-700 mn from a securitized bond issuance in 4Q2021, CEO Talal Elayat told <a href=\"https:\/\/bit.ly\/3s97Eeg\">Hapi Journal<\/a>. The non-banking financial services player is currently in negotiations with several banks to manage the issuance, he said, without disclosing further information.<\/p>\n<p><strong>This could be slightly above what we were expecting:<\/strong> Elayat <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b380be47-dace-4f2a-807e-cc3ab3d6ed0d\">told us earlier this year<\/a> that the company was looking at a EGP 500 mn issuance for the second half of 2021, and that this would be a part of a larger round of securitization.<\/p>\n<p><strong>Corps-Solutions is just one of a number of companies that look to be preparing to offer asset-backed securities:<\/strong> Upmarket developer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09c7d28b-c599-4f89-ac9c-3c606c96d9f6\">SODIC<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9ad60923-67ef-4344-b643-49069b7ad286\">Contact Financial Holding<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d0c71713-2393-4c73-96e7-3a4499828886\">Edge Holding<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7863b21d-bcba-40a1-befa-b3e65d93f131\">Raya\u2019s Aman<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ba368a8-c920-480b-a938-4d6adef4b251\">Tamweel Holdings<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebca392b-370d-49c8-a6f7-42d785742cf7\">NUCA\u2019s Al Taamir for Securitization<\/a> are all reportedly planning to securitize parts of their portfolios in the coming months.<\/p>\n<p><strong>The market has been lukewarm so far this year: <\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b48e82ec-9602-4999-8ff3-517e4c520c2d\">SODIC<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d088db4a-d120-44ba-9c12-818517d3ad1f\">Palm Hills Development<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/208afa5b-c11f-4573-97d5-25a0aff01086\">Premium International<\/a> and Arabia Investments Holding subsidiary <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/374240b5-0e79-486e-b585-3dd5251b2555\">Rawaj<\/a> have been the only companies to sell asset-backed securities to investors, worth around EGP 2 bn.<\/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\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/paytabs\/\">PayTabs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/securitization\/\">securitization<\/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\/valu\/\">ValU<\/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=\"564089\" 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=\"564089\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/564089\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564089\" class=\"content-area-description single-story post-564089 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t\n<p class=\"web-image\"><a href=\"https:\/\/www.surveymonkey.com\/r\/PKQD79N\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/bupa-enterprise-Survey-Infographic-v7-EN-1600.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/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<section id=\"564090\" 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=\"564090\">\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\">SPEED ROUND: M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/following-its-ipo-success-taaleem-is-in-market-for-an-acquisition\/\">\r\n                            Following its IPO success, Taaleem is in market for an acquisition                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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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\/08\/following-its-ipo-success-taaleem-is-in-market-for-an-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564090\" class=\"content-area-description single-story post-564090 post type-post status-publish format-standard hentry category-speed-round-ma-watch tag-education tag-egx tag-enterprisepm tag-ma-watch tag-palm-hills-developments 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>Higher education outfit <\/strong><strong><a href=\"https:\/\/www.taaleem.me\/index.php\">Taaleem<\/a><\/strong><strong> could potentially acquire an unnamed local education <\/strong><strong>provider,<\/strong> Managing Director Mohamed El Rashidi reportedly told <a href=\"https:\/\/bit.ly\/2VFrX6V\">Al Mal<\/a>. While Taaleem is currently exploring a local acquisition, a decision on whether to move forward with any transaction has yet to be made, he added. Taaleem <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94e97ae5-4a3e-46a4-8dca-243163201344\">was looking to invest EGP 1 bn<\/a> in new and ongoing projects over the next three years, El Rashidi had told the press on the eve of the company\u2019s blockbuster IPO <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/efe90c27-9d82-4363-b78d-b70a052f2cd7\">back in April<\/a>.<\/p>\n<p><strong>Separately, Taaleem will be signing education partnership agreements with two foreign universities to help develop the curriculum for its subsidiaries<\/strong> Badya and Nahda universities, El Rashidi says. Taaleem will sign this month an MoU with Northern Kentucky University that would see the latter help develop a curriculum for new academic programs the university plans to offer. An MoU with an unnamed European university is in the works for Badya University, which is expected to begin offering classes during the 2022-2023 academic year.<\/p>\n<p><strong>Background: <\/strong><a href=\"https:\/\/enterprise.press\/blackboards\/comes-higher-education-govts-gaze-set-firmly-abroad\/\">Since last year<\/a>, the government began enforcing a policy that new universities seeking licenses in Egypt must form academic partnerships with foreign universities. The Egyptian university must offer at least some of the degrees and curricula of the partner university, provisions must be made for a study-abroad program for Egyptian students, and partnerships can only be formed with universities ranked higher in global indices than the highest-ranked Egyptian university. Existing institutions wanting to launch new faculties and departments are also bound by the regulations.<\/p>\n<p><strong>CATCH UP QUICK- <\/strong><\/p>\n<ul>\n<li>A subsidiary of <strong>Elsewedy Electric<\/strong> has signed an <strong>engineering, procurement, <\/strong><strong>and construction (EPC) <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/8\/%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%89-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89-05-08-2021.pdf\">contract<\/a><\/strong><strong> worth EGP 190 mn <\/strong>to build an <strong>electrical network <\/strong>in New Valley governorate.<\/li>\n<li><strong>Banque du Caire<\/strong> is considering taking part in the establishment of <strong>a new <\/strong><strong>SME-focused investment company<\/strong>, with a target market cap of <strong>EGP 500 bn<\/strong>, Mohamed Ragaei, head of investment at BdC, <a href=\"http:\/\/shorturl.at\/gCIZ6\">said<\/a>.<\/li>\n<\/ul>\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\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palm-hills-developments\/\">Palm Hills Developments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"564091\" 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=\"564091\">\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: OFFICE LIFE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/how-the-pandemic-continued-to-wreak-havoc-on-businesses-this-year\/\">\r\n                            How the pandemic continued to wreak havoc on businesses this 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\/08\/how-the-pandemic-continued-to-wreak-havoc-on-businesses-this-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\/08\/how-the-pandemic-continued-to-wreak-havoc-on-businesses-this-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\/08\/how-the-pandemic-continued-to-wreak-havoc-on-businesses-this-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=How the pandemic continued to wreak havoc on businesses this year&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/how-the-pandemic-continued-to-wreak-havoc-on-businesses-this-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\/08\/how-the-pandemic-continued-to-wreak-havoc-on-businesses-this-year\/&title=How the pandemic continued to wreak havoc on businesses this 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=How+the+pandemic+continued+to+wreak+havoc+on+businesses+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F08%2Fhow-the-pandemic-continued-to-wreak-havoc-on-businesses-this-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\/08\/how-the-pandemic-continued-to-wreak-havoc-on-businesses-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/382.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"564092\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/how-the-pandemic-continued-to-wreak-havoc-on-businesses-this-year\/382-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/382.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"382.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/382.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/382.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564091\" class=\"content-area-description single-story post-564091 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-office-life tag-covid-19 tag-enterprisepm tag-human-resources tag-nowpay tag-office-life tag-pandemic tag-work-from-home 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-04\"><\/a> <strong>Even in 2021, the covid-19 pandemic is continuing to hurt the productivity and payroll of <\/strong><strong>white collar staff here in Egypt, <\/strong>according to <a href=\"https:\/\/learn.nowpay.com\/thank-you-page1626038037438?__cf_chl_jschl_tk__=pmd_4d2b60826339c86b3b854bbcae0f70fa5ef6a26b-1628152554-0-gqNtZGzNAiKjcnBszQh6\">a survey<\/a> by fintech startup <a href=\"https:\/\/nowpay.cash\/\">NowPay<\/a> that highlights the extent of the disruption the pandemic is having on our working lives. The poll of 243 Egyptian firms in more than 10 industries also showed that despite more leeway being given to employees as far as working from home is concerned, HR engagement, training, productivity are all down, while business conditions have seen layoffs and cuts go up.<\/p>\n<p><strong>The top major challenge facing businesses was sales, followed closely by managing daily operations and employee stress. <\/strong>Firms cited building corporate culture and engaging employees as two of their biggest challenges this year. Half of HR departments surveyed said they would invest in employee engagement this year.<\/p>\n<p><strong>Surprise, surprise:<\/strong> 79% either introduced full-time WFH policies or asked staff to only work from the office part time.<\/p>\n<p><strong>Not helping matters: <\/strong>Around 45% of HR managers said that the pandemic impacted workers\u2019 pay while 20% of firms downsized their workforce. Compensation was the main driver of employee turnover this year, with 31% of respondents citing it as the main reason for workers to leave the firm. Meanwhile, 20% said that dissatisfaction with managers was the main cause for turnover.<\/p>\n<p><strong>Some businesses are struggling to find talent: <\/strong>Some 25% of HR departments are having trouble sourcing talent. The most used channels for recruitment used this year were LinkedIn (84%) followed by Wuzzuf (48%).<\/p>\n<p><strong>Nearly 60% of HR departments are planning to invest in employee training and development this year. <\/strong>While there are no preset training plans for employees, 66% of firms said they offer training based on the employee requirements and 72% offer that training in-house.<\/p>\n<p><strong>Looking ahead:<\/strong> The HR trends firms expect to see in the coming year include the emergence of hybrid workforces (59%), an increased focus on employee well-being and inclusion (47%), and the rise of people analytics using data rather than human evaluation (46%).<\/p>\n<p><strong>Other findings from the report: farid<\/strong><\/p>\n<ul>\n<li><strong>Medical ins. is the most popular benefit in Egypt<\/strong>, 87% of companies said, followed by phone allowance at 65% and life ins. at 56%.<\/li>\n<li><strong>Some 51% of HR departments assess their employees annually<\/strong>.<\/li>\n<li><strong>The major challenge firms faced was a drop in sales<\/strong>, followed by managing daily operations and employee stress.<\/li>\n<\/ul>\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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-resources\/\">Human resources<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nowpay\/\">NowPay<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/office-life\/\">office life<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/work-from-home\/\">Work from home<\/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=\"564093\" 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=\"564093\">\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\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/new-closing-price-mechanism-to-come-on-2-september-farid-gets-new-four-year-term-as-egx-boss\/\">\r\n                            New closing price mechanism to come on 2 September + Farid gets new four-year term as EGX boss                        <\/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\/08\/new-closing-price-mechanism-to-come-on-2-september-farid-gets-new-four-year-term-as-egx-boss\/\" 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\/08\/new-closing-price-mechanism-to-come-on-2-september-farid-gets-new-four-year-term-as-egx-boss\/')\">\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\/08\/new-closing-price-mechanism-to-come-on-2-september-farid-gets-new-four-year-term-as-egx-boss\/\">\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=New closing price mechanism to come on 2 September + Farid gets new four-year term as EGX boss&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/new-closing-price-mechanism-to-come-on-2-september-farid-gets-new-four-year-term-as-egx-boss\/\">\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\/08\/new-closing-price-mechanism-to-come-on-2-september-farid-gets-new-four-year-term-as-egx-boss\/&title=New closing price mechanism to come on 2 September + Farid gets new four-year term as EGX boss\">\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=New+closing+price+mechanism+to+come+on+2+September+%2B+Farid+gets+new+four-year+term+as+EGX+boss+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F08%2Fnew-closing-price-mechanism-to-come-on-2-september-farid-gets-new-four-year-term-as-egx-boss%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\/08\/new-closing-price-mechanism-to-come-on-2-september-farid-gets-new-four-year-term-as-egx-boss\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564093\" class=\"content-area-description single-story post-564093 post type-post status-publish format-standard hentry category-go-with-the-flow tag-abu-qir-fertilizers tag-earnings tag-enterprisepm tag-go-with-the-flow tag-mopco tag-talaat-moustafa-group 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>MARKET NEWS- <\/strong><strong>The new mechanism for calculating closing share prices <\/strong><strong>will come into effect on 2 September<\/strong>, the bourse said in <a href=\"https:\/\/ent.news\/2021\/8\/EGX-Decision-No.-727-for-2021.pdf\">a statement (pdf)<\/a> today. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4bf63530-9d62-4496-880b-c49beed3fbb6\">Approved by the EGX last week<\/a>, a \u201cpre-close auction\u201d system will be introduced in a move designed to improve accuracy, increase trading volumes and boost foreign inflows into Egyptian shares. EGX shares will also be allowed to rise and fall by 20% during a single session, up from a current 10%, while the limit on intraday share price movements on Nilex shares are set at 10% compared to the <a href=\"https:\/\/www.egx.com.eg\/ar\/trading_system.aspx\">current 5%<\/a> limit.<\/p>\n<p><strong>Want to get technical?<\/strong> Farid <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/782b5bbe-a256-4830-b7dc-0e053eda6003\">explained to us<\/a> how the \u201cpre-close auction\u201d and \u201cMVWAP\u201d will work last month.<\/p>\n<p><strong>IN OTHER EGX NEWS- The EGX chairman is getting another four-year term.<\/strong> EGX Chairman Mohamed Farid has been re-appointed for a second four-year term by Prime Minister Moustafa Madbouly, according to <a href=\"https:\/\/ent.news\/2021\/8\/%D9%82%D8%B1%D8%A7%D8%B1-%D8%AA%D8%AC%D8%AF%D9%8A%D8%AF-%D8%AA%D8%B9%D9%8A%D9%8A%D9%86-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9.pdf\">a<\/a><a href=\"https:\/\/ent.news\/2021\/8\/%D9%82%D8%B1%D8%A7%D8%B1-%D8%AA%D8%AC%D8%AF%D9%8A%D8%AF-%D8%AA%D8%B9%D9%8A%D9%8A%D9%86-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9.pdf\">statement<\/a><a href=\"https:\/\/ent.news\/2021\/8\/%D9%82%D8%B1%D8%A7%D8%B1-%D8%AA%D8%AC%D8%AF%D9%8A%D8%AF-%D8%AA%D8%B9%D9%8A%D9%8A%D9%86-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9.pdf\">(pdf)<\/a> from the prime minister\u2019s office. Farid was tapped as chairman of the bourse in August 2017, six years after serving as its vice-chairman (<a href=\"https:\/\/egx.com.eg\/en\/bod-mohamed-farid.aspx\">official bio<\/a>). His return to government service was preceded by a five-year stint as CEO and chairman of private-sector economic think tank Dcode, as well as an adjunct at AUC and the Arab Academy for Science, Technology and Maritime Transport. We <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/17\/coffee-with-mohamed-farid-chairman-of-the-egx\/\">grabbed coffee<\/a> with him back in 2019.<\/p>\n<p><strong>EARNINGS WATCH- Talaat Moustafa Group (TMG) Holding saw its bottomline after taxes <\/strong><strong>and minority shareholders grow 23% y-o-y in 1H2021 to EG<\/strong><strong>P 969.4 mn<\/strong><strong>, <\/strong>according to the company\u2019s consolidated financial statements (<a href=\"https:\/\/ent.news\/2021\/8\/TMH.pdf\">pdf<\/a>). Revenues for the first six months of the year reached EGP 5.5 bn, up 27% y-o-y.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 rose 0.14% at today\u2019s close<\/strong> on turnover of EGP 1.76 bn (26.7% above the 90-day average). Local investors were net sellers. The index is down 0.98% YTD.<\/p>\n<p><strong>In the green: <\/strong>Qalaa Holdings (3.4%)<strong>, <\/strong>Rameda Pharma (+3%), and MM Group (+2.7%).<\/p>\n<p><strong>In the red: <\/strong>Pioneers Holding (-2.3%), Cleopatra Hospitals Group (-1.9%) and Egyptian Resorts Company (-1.4%).<\/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\/abu-qir-fertilizers\/\">Abu Qir Fertilizers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/mopco\/\">Mopco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talaat-moustafa-group\/\">Talaat Moustafa Group<\/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=\"564094\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"564095\" 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=\"564095\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/khufu-solar-boat-gets-a-new-home\/\">\r\n                            Khufu solar boat gets a new home                        <\/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\/08\/khufu-solar-boat-gets-a-new-home\/\" 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\/08\/khufu-solar-boat-gets-a-new-home\/')\">\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\/08\/khufu-solar-boat-gets-a-new-home\/\">\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=Khufu solar boat gets a new home&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/khufu-solar-boat-gets-a-new-home\/\">\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\/08\/khufu-solar-boat-gets-a-new-home\/&title=Khufu solar boat gets a new home\">\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=Khufu+solar+boat+gets+a+new+home+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F08%2Fkhufu-solar-boat-gets-a-new-home%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\/08\/khufu-solar-boat-gets-a-new-home\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/385.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"564096\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/khufu-solar-boat-gets-a-new-home\/385-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/385.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"385.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/385.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/385.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564095\" class=\"content-area-description single-story post-564095 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-ancient-egypt tag-enterprisepm tag-giza-plateau tag-grand-egyptian-museum tag-history tag-image-of-the-day 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>Khufu solar boat moves to its new home at the GEM<\/strong>: Pharaoh Khufu\u2019s solar boat has been transferred from the Giza plateau to the Grand Egyptian Museum (GEM) as authorities gear up to open the flagship tourist attraction, the cabinet announced in <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/195514762618952\">a statement<\/a> Saturday. The 4.6k year-old vessel was discovered in 1954 at the Great Pyramid, and has since been displayed in a museum adjacent to the pyramids. The boat arrived at the GEM early Saturday morning, having taken 48 hours to make the 7.5-km trip across the the Giza Plateau. Solar boats were believed to transport people to the afterlife and were placed alongside pharaohs in their burial chambers.<\/p>\n<p><strong>The story made headlines internationally<\/strong>: <a href=\"https:\/\/www.reuters.com\/lifestyle\/egypts-ancient-king-khufus-boat-is-moved-giza-pyramids-new-home-2021-08-07\/\">Reuters<\/a>, <a href=\"https:\/\/www.france24.com\/en\/live-news\/20210807-ancient-pharaonic-boat-taken-to-egypt-s-grand-new-museum\">AFP<\/a>, <a href=\"https:\/\/www.trtworld.com\/life\/ancient-pharaonic-boat-taken-to-egypt-s-grand-new-museum-in-giza-49007\">TRT<\/a>, <a href=\"https:\/\/abcnews.go.com\/International\/4600-year-pharaohs-boat-makes-48-hour-journey\/story?id=79340432\">ABC News<\/a> and <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-9872271\/Egyptian-pharaohs-4-600-year-old-solar-boat-transported-grand-museum.html\">The Daily Mail<\/a>, to name a few, ran stories on the move. Egypt is hoping to gain media attention ahead of the GEM\u2019s opening as it looks to revitalize its tourism industry that has been hard hit by the pandemic.<\/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\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giza-plateau\/\">Giza Plateau<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/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=\"564097\" 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\/08\/your-essential-business-calendar-on-8-august-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564097\" class=\"content-area-description single-story post-564097 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-8 August (Friday-Sunday): Tokyo 2020 Olympics.<\/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>26-28 August (Thursday-Saturday): <a href=\"https:\/\/www.kansascityfed.org\/research\/jackson-hole-economic-symposium\/\">Jackson Hole Economic Symposium<\/a>.<\/p>\n<p>September: Delegation of Russian companies to visit Russian Industrial Zone.<\/p>\n<p>2 September: The new EGX mechanism for calculating closing share prices will come into <sup><\/sup>effect.<\/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>7-8 September (Tuesday-Wednesday): Euromoney Conferences will host <a href=\"https:\/\/bit.ly\/3lpLeUO\">the GlobalCapital Sustainable and Responsible Capital Markets Forum 2021<\/a>, featuring Vice Minister of Finance Minister Ahmed Kouchouk.<\/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":564084,"template":"","categories":[],"tags":[],"class_list":["post-564083","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3cf0279e-b430-43f5-969c-fe03fd07254a","teaser":"","photo_url":"https:\/\/ent.news\/2021\/8\/380.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 EFG Hermes Corps-Solutions&#039; securitized bond sale could reach EGP 700 mn - 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-efg-hermes-corps-solutions-securitized-bond-sale-could-reach-egp-700-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise EFG Hermes Corps-Solutions&#039; 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