{"id":564418,"date":"2021-08-31T13:40:22","date_gmt":"2021-08-31T13:40:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=564418"},"modified":"2025-12-16T04:31:15","modified_gmt":"2025-12-16T04:31:15","slug":"global-stocks-are-ending-august-on-a-high-note-and-the-egx-still-still-in-the-green-ytd","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/global-stocks-are-ending-august-on-a-high-note-and-the-egx-still-still-in-the-green-ytd\/","title":{"rendered":"Global stocks are ending August on a high note \u2014 and the EGX still still in the green YTD"},"content":{"rendered":"<section id=\"564420\" 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=\"564420\">\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\/31\/tonight-amethis-closes-mena-pe-fund-global-stocks-hit-new-record-highs-as-crude-slumps-south-korean-defense-minister-in-town\/\">\r\n                            TONIGHT: Amethis closes MENA PE fund + Global stocks hit new record highs as crude slumps; South Korean defense minister in town.                        <\/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\/31\/tonight-amethis-closes-mena-pe-fund-global-stocks-hit-new-record-highs-as-crude-slumps-south-korean-defense-minister-in-town\/\" 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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South Korean defense minister in town.&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/tonight-amethis-closes-mena-pe-fund-global-stocks-hit-new-record-highs-as-crude-slumps-south-korean-defense-minister-in-town\/\">\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\/31\/tonight-amethis-closes-mena-pe-fund-global-stocks-hit-new-record-highs-as-crude-slumps-south-korean-defense-minister-in-town\/&title=TONIGHT: Amethis closes MENA PE fund + Global stocks hit new record highs as crude slumps; South Korean defense minister in town.\">\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+Amethis+closes+MENA+PE+fund+%2B+Global+stocks+hit+new+record+highs+as+crude+slumps%3B+South+Korean+defense+minister+in+town.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F31%2Ftonight-amethis-closes-mena-pe-fund-global-stocks-hit-new-record-highs-as-crude-slumps-south-korean-defense-minister-in-town%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\/31\/tonight-amethis-closes-mena-pe-fund-global-stocks-hit-new-record-highs-as-crude-slumps-south-korean-defense-minister-in-town\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564420\" class=\"content-area-description single-story post-564420 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-arab-african-international-securities tag-capital-markets tag-china tag-climate-change tag-cryptocurrency tag-enterprisepm tag-hedge-funds tag-opec tag-orascom-financial-holding tag-pioneers-holding tag-remco-group 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, wonderful people. We hope hump day has been good to you<\/strong> and that you\u2019re ready for the downhill slide into the last weekend of summer.<\/p>\n<p><strong>THE BIG STORIES TODAY-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>#1- Africa-focused private equity outfit Amethis has hit a USD 101 mn first close<\/strong> on a fund with a big earmark for Egypt. The SME-focused fund will invest in Egypt, Morocco, Tunisia and Jordan. Limited partners in the first close include a Who\u2019s Who of DFIs with a proven interest in our part of the world as well as private investors and Edmond de Rothschild group.<\/p>\n<p><strong>#2- Upmarket real estate developer SODIC says it looks forward to resuming sales and <\/strong><strong>collections at two high-profile projects \u201cimminently\u201d <\/strong>as it finalizes a new plot with the New Urban Communities Authority. The news comes after SODIC disclosed earlier this week that it would have to change the location of a 500 feddan plot in New Zayed at the request of the Housing Ministry.<\/p>\n<p><strong>^^ We\u2019ll have chapter and verse on both stories <\/strong>in tomorrow\u2019s edition of EnterpriseAM.<\/p>\n<p><strong>HAPPENING NOW- South Korean Defense Minister Suh Wook is in town<\/strong> and is meeting now with President Abdel Fattah El Sisi at the presidential palace, Ittihadiya said in <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/390409079114493?__cft__[0]=AZUduX4ydrZUsJm1CzEgee7wbfif31D67w4kjF3qOEIeZ25s-AG2UJx_gjo728ORlgGf-yhcpjAFNgGnUqJsRxlBYVTfxMT0CtnIdACwosWaAGJ4Smj-tmebdozqpQveQRxMY2dWvyPMNzOj4w-dJ9NdJrhjIp6_rSrc7VZWCVQ_Uw&__tn__=%2CO%2CP-R\">a statement<\/a> this morning. This is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c7bfb10-9563-4be2-adea-880775d4c867\">the first time<\/a> a South Korean defense minister has visited Egypt. Suh will also hold talks with Egyptian Defense Minister Mohamed Zaki during the two-day visit.<\/p>\n<p><strong>HAPPENING ABROAD- Jury selection in the trial of Theranos founder Elizabeth Holmes <\/strong><strong>is set to <\/strong><strong><a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/theranos-founders-abuse-claims-add-wrinkle-jury-selection-fraud-case-2021-08-31\/\">get underway shortly<\/a><\/strong><strong>. <\/strong>Holmes, a university dropout who styled herself after Steve Jobs, is accused of defrauding investors. The case is to white-collar crime in the 2010s and 2020s what Enron was back at the turn of the century \u2014 and the house of cards came crashing down thanks to reporting by the Wall Street Journal\u2019s John Carreyrou. We had a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a9d38fc-e0f3-4559-9c59-06a71c9525c2\">primer on the case yesterday<\/a>, including a pointer to Carreyrou\u2019s podcast if you\u2019re following the tick-tock of the trial.<\/p>\n<p><strong>THE MARKETS TODAY-<\/strong><\/p>\n<p><strong>Global stocks are ending August on a high note<\/strong>, notching fresh record highs amid strong corporate earnings and a sustained global recovery, <a href=\"https:\/\/www.reuters.com\/article\/global-markets\/stocks-set-new-records-as-august-ends-in-buoyant-mood-idUSKBN2FW05P\">Reuters<\/a> reports. The MSCI world index was up 0.4% as of 3pm CLT, putting it on course for a seventh consecutive month of gains. Asian stocks rebounded after losses earlier in the day, while Wall Street futures closed at or near record highs on Monday. The USD, meanwhile, fell to a three-week low as traders embraced riskier assets.<\/p>\n<p><strong>Inflation fears in Europe:<\/strong> After briefly hitting fresh record highs earlier this morning, European shares fell back on higher than expected inflation data that raises the possibility that the European Central Bank could soon begin to withdraw covid stimulus. Most European indexes were in the red at the time of dispatch, with the Stoxx 600 down 0.2%, the FTSE100 losing 0.6% and the DAX down 0.4%.<\/p>\n<p><strong>The EGX has had a good month of August<\/strong>, with the benchmark index holding onto its gains and closing month #8 up 2.8% for the year so far.<\/p>\n<p><strong>US crude is heading towards its biggest monthly slump this year<\/strong> ahead of OPEC+ meeting tomorrow, where the oil cartel will weigh bringing online additional production, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-30\/oil-poised-for-monthly-loss-on-eve-of-opec-production-meeting?srnd=premium-middle-east\">Bloomberg<\/a> reports. The group is expected to restore some 400k barrels a day, as Hurricane Ida passes in the US and expectations that reduced demand for crude, resulting from the spread of the Delta variant, will soon pick up. WTI is down around 7% this month at USD 69 a barrel, the largest monthly loss since October of last year. Brent is currently down more than 4%<sup><\/sup> from the beginning of August to under USD 73 \/ bbl.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from this morning\u2019s<strong> EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>CBE gives final thumbs up to Arab Investment Bank acquisition:<\/strong> EFG Hermes and the Sovereign Fund of Egypt (SFE) have <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cc77de5f-61c1-4b22-aa22-01e558e8ca3f\">gotten the final go-ahead<\/a> from the central bank to purchase a 76% stake in the Arab Investment Bank.<\/li>\n<li><strong>The RIZ cometh:<\/strong> The Suez Canal Economic Zone will begin work on the new and improved Russian Industrial Zone (RIZ) by the beginning of next year.<\/li>\n<li><strong>High-speed rail:<\/strong> A contract <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3eb7a66f-a839-478b-ad0b-89034e556f96\">will be signed in the coming days<\/a> with a Siemens-led consortium to build a USD 23 bn high-speed electric rail network.<\/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>THE BIG STORY ABROAD-<\/strong><\/p>\n<p><strong>As the dust clears the runway following the US withdrawal from Afghanistan<\/strong>, all the big papers are surveying the wreckage left behind. The thousands of foreign citizens and western Allies abandoned to the mercy of the Taliban are not the only ones <a href=\"https:\/\/www.reuters.com\/world\/what-happens-now-that-us-troops-have-left-afghanistan-2021-08-30\/\">wondering what might be in store<\/a>. Afghanistan\u2019s leaders are also now faced with a problem: <a href=\"https:\/\/www.washingtonpost.com\/politics\/2021\/08\/25\/groups-like-taliban-have-seized-power-elsewhere-will-taliban-face-similar-difficulties-governing\/\">holding on<\/a> to their newfound power. While Taliban members <a href=\"https:\/\/www.wsj.com\/articles\/last-u-s-troops-leave-afghanistan-after-nearly-20-years-11630355853\">fired<\/a> rounds into the air in the streets of Kabul to celebrate the departure of the last American jet, the group\u2019s leadership hours later called for <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-31\/taliban-calls-for-good-ties-with-u-s-after-20-year-war-ends?srnd=premium-middle-east&sref=mmeFTDW1\">friendly ties<\/a> with the US as they attempt to establish credibility on the world stage. Meanwhile, US President Joe Biden will today address the nation on the US exit, widely seen as the greatest crisis he has faced so far in his presidency.<\/p>\n<p><strong>South Korea has set a global precedent with a challenge to Google and Apple\u2019s payment <\/strong><strong>monopolies:<\/strong> Google and Apple <a href=\"https:\/\/www.wsj.com\/articles\/google-apple-hit-in-south-korea-by-worlds-first-law-ending-their-dominance-over-app-store-payments-11630403335\">will be forced<\/a> to allow apps on their stores to use alternative payment systems in South Korea under a bill passed today by the country\u2019s lawmakers. The two maintain a stranglehold on payments made through their app stores that generate commissions worth 10s of bns of USD annually. Similar legislation has been proposed in the European Union and the US, where regulators may look to emulate the Korean example. \u201cKorea\u2019s decision reflects a broader trend to step up regulation of technology-platform businesses, which have been criticized for having too much power,\u201d said one Korean business professor.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Tomorrow is a new month:<\/strong> Here are the key news triggers as we enter September:<\/p>\n<ul>\n<li>PMI: August\u2019s PMI figures for Egypt, KSA and the UAE will land on Sunday, 5 September.<\/li>\n<li>Foreign reserves: The central bank will release foreign reserves figures for August sometime next week.<\/li>\n<li>Inflation: Inflation data for August will drop either next week.<\/li>\n<li>Interest rates: The Central Bank of Egypt will meet to review interest rates on Thursday, 16 September.<\/li>\n<\/ul>\n<p><strong>Egypt hosts <\/strong><strong><a href=\"https:\/\/digisignafrica.com\/\">Digi Sign Africa<\/a><\/strong><strong> this week:<\/strong> The three-day advertising and digital printing exhibition gets underway at the Cairo International Convention Centre on Wednesday, 1 September.<\/p>\n<p><strong>Cypriot prez visiting this week:<\/strong> President Nicos Anastasiades arrives in Cairo on Saturday, 4 September for <a href=\"https:\/\/cyprus-mail.com\/2021\/08\/26\/first-cyprus-egypt-intergovernmental-summit-on-september-4\/\">a joint Egypt-Cyprus summit<\/a>.<\/p>\n<p><strong>ALSO- We\u2019re a day late on this<\/strong>, but in our defence, we\u2019ve never thought the guy needed to be put up for beatification. Still: <strong>Warren Buffett<\/strong>, the celebrity investor and self-styled Oracle of Omaha, <strong>turned 91 yesterday<\/strong>.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>The temperature here is pretty much the same as yesterday \u2014 and as the whole week for that matter \u2014 with a daytime high of 39\u00b0C and overnight low of 24\u00b0C. Folks at Sahel enjoy warmer weather today, with a daytime high of 31\u00b0C and overnight low of 24\u00b0C.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-african-international-securities\/\">Arab African International Securities<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"564422\" 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=\"564422\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">FOR YOUR COMMUTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/we-probably-cant-invest-our-way-out-of-a-climate-disaster-but-the-accountants-will-still-make-bank-working-from-home-as-we-try\/\">\r\n                            We probably can\u2019t invest our way out of a climate disaster, but the accountants will still make bank (working from home) as we try                        <\/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\/31\/we-probably-cant-invest-our-way-out-of-a-climate-disaster-but-the-accountants-will-still-make-bank-working-from-home-as-we-try\/\" 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 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home) as we try\">\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=We+probably+can%E2%80%99t+invest+our+way+out+of+a+climate+disaster%2C+but+the+accountants+will+still+make+bank+%28working+from+home%29+as+we+try+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F31%2Fwe-probably-cant-invest-our-way-out-of-a-climate-disaster-but-the-accountants-will-still-make-bank-working-from-home-as-we-try%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\/31\/we-probably-cant-invest-our-way-out-of-a-climate-disaster-but-the-accountants-will-still-make-bank-working-from-home-as-we-try\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564422\" class=\"content-area-description single-story post-564422 post type-post status-publish format-standard hentry category-for-your-commute tag-climate-change tag-cryptocurrency tag-enterprisepm tag-for-your-commute 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-02\"><\/a> <strong>We (probably) can\u2019t invest our way out of climate disaster: <\/strong>The former chief exec of Norway\u2019s titanic sovereign fund is getting real about ESG. The climate crisis represents the \u201cbiggest market failure of all time,\u201d Knut Kjaer told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-30\/esg-investors-warned-of-shock-ahead-without-shift-in-strategy?sref=mmeFTDW1\">Bloomberg<\/a>, adding that the markets\u2019 inability to adapt for a green economy now means they will experience \u201ca much bigger transitional shock later.\u201d One problem with ESG, according to Kjaer, is that investors don\u2019t think on the decade-plus timescale needed to make fundamental change. Then there are the other, more dramatic failures of responsible investing: the underpricing of carbon, the misleading and vague claims, the <a href=\"https:\/\/www.wsj.com\/articles\/u-s-authorities-probing-deutsche-banks-dws-over-sustainability-claims-11629923018\">alleged international fraud<\/a>. Kjaer hasn\u2019t given up yet: He\u2019s still trying to change the world with his responsible investment firm. But he\u2019s also realistic about the fact that it\u2019s too late to reverse some of the damage, as reflected by a strategy that focuses as much on adapting to the consequences of climate change as mitigating it.<\/p>\n<p><strong>And speaking of ESG: You know who bloody loves it? The accountants<\/strong>, who dream of being asked to account for things other than financial statements. You could go read this <a href=\"https:\/\/www.ft.com\/content\/4a47fb4a-4a10-4c05-8c5d-02d83052bee7\">Financial Times<\/a> piece about how <strong>the Big Four have gotten religion and are now lining up at the fee trough<\/strong> \u2014 or go read Matt Levine\u2019s pleasantly snarky take <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2021-08-30\/esg-accounting-requires-accountants\">here<\/a>.<\/p>\n<p><strong>Cryptocurrencies are a \u201cbubble that will eventually prove to be worthless\u201d: <\/strong>So says the man who made his fortune by trading on the subprime mortgage collapse that triggered the financial crisis. Fast-forward more than a decade and John Paulson\u2019s Spidey senses for speculation are tingling again. In an <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-30\/is-bitcoin-a-good-investment-billionaire-paulson-says-crypto-worthless-bubble?srnd=premium-middle-east&sref=mmeFTDW1\">interview<\/a> with Bloomberg Wealth TV on Monday, Paulson says he\u2019s worried about high inflation amid a rapid increase in money supply, recommending gold as the best safe-haven from cash. He calls BS on more fashionable assets including SPACs and digital currencies, which he describes as \u201ca limited supply of nothing \u2026 to the extent the demand falls, then the price would go down. There\u2019s no intrinsic value to any of the cryptocurrencies except that there\u2019s a limited amount.\u201d To which one might reasonably reply: <a href=\"https:\/\/www.wired.com\/story\/bitcoin-has-no-intrinsic-value-neither-does-a-dollar1-bill\/\">Like basically everything else<\/a>, then? But Paulson prefers tangible assets these days. After netting himself USD 10 bn in the 2008 crash that saw 10 mn Americans lose their homes, he now says that the rising housing market means the best investment for USD 100k is to buy a USD 1 mn house \u2014 with a 900k mortgage. Ironies abound.<\/p>\n<p><strong>A \u201csilent majority\u201d of American white-collar workers want to go back to the office \u2014 at <\/strong><strong>least a few days a week<\/strong> \u2014 and are worried their dream may not come true as corporations mull staying remote until the fourth wave of covid-19 subsides. In a poll of US workers that we suspect is probably generalizable to corporate Egypt: a \u201cvocal minority\u201d of 31% said they want WFH on a full-time basis, while <a href=\"https:\/\/www.nytimes.com\/2021\/08\/23\/business\/workers-eager-office-return.html?smid=tw-nytimes&smtyp=cur\">45% want to be back to the office full time and 24% want a mix of the two<\/a>. With some businesses suggesting <a href=\"https:\/\/www.wsj.com\/articles\/remote-work-may-now-last-for-two-years-worrying-some-bosses-11629624605?mod=hp_lead_pos4\">remote work may drag on for another two years<\/a>, CEOs aren\u2019t the only ones getting a bit antsy.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"564423\" 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=\"564423\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/zawya-hosts-stanley-kubrick-retrospective-freaks-and-geeks-in-dramedy-week\/\">\r\n                            Zawya hosts Stanley Kubrick retrospective + Freaks and Geeks in dramedy week                        <\/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\/31\/zawya-hosts-stanley-kubrick-retrospective-freaks-and-geeks-in-dramedy-week\/\" 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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Our protagonist Lindsay Weir, who never takes off her army jacket throughout the show (even at prom), is lurking somewhere in between. After her grandma dies, the former mathlete goes searching for meaning in unlikely places, including the smoking patio where the freaks hang out. <strong>Do not let the fact that it\u2019s a teen dramedy turn you off:<\/strong> Aired back in 1999, this is the show that launched the careers of Seth Rogen, Jason Segal, James Franco and many more.<\/p>\n<p>\u26bd <strong>The two-week international break is in effect so there\u2019s no club football until <\/strong><strong>Friday, <\/strong><strong>10 September.<\/strong> The World Cup qualifiers get under way tomorrow though, with Egypt playing Angola at 9pm, and 13 European ties taking place.<\/p>\n<p><strong>The transfer window closes at midnight tonight:<\/strong> Clubs across Europe right now are scrambling to get last minute signatures before the window slams shut until January. We\u2019ll have a wrap up of what has been one of the craziest transfer windows in recent memory in tomorrow\u2019s EnterprisePM.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>The women\u2019s national football team has made it to the semi-finals of the first Arab <\/strong><strong>Women\u2019s Cup<\/strong>, after <a href=\"https:\/\/uafaac.com\/5539\/\">drawing 2-2<\/a> with Tunisia yesterday. The semi-finals will kick off on 3 September where the Pharaohs will face the runners-up either Jordan, Algeria, or Palestine, and the final will be played on 6 September.<\/p>\n<p><strong>?<\/strong><strong>\u200b\u200bShowman <\/strong><strong><a href=\"https:\/\/www.atptour.com\/en\/players\/nick-kyrgios\/ke17\/overview\">Nick Kyrgios<\/a><\/strong><strong> is out of the US Open<\/strong> after losing in straight sets to Spaniard <a href=\"https:\/\/www.atptour.com\/en\/players\/roberto-bautista-agut\/bd06\/overview\">Roberto Bautista Agut<\/a>. Got time to watch just one match today? Catch France\u2019s Gael Monfils taking on Argentine Federico Coria at 8:15pm CLT. Have time for two? We\u2019d probably check out the first round clash between American Reilly Opelka and South Korea\u2019s Kwon Soon-woo. The face off starting at 5pm.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>RANDOM ENDORSEMENT- <\/strong><strong>Naturesta hot sauces<\/strong>, the made-in-Egypt condiment that we\u2019re using as the base for our homemade Buffalo hot sauce these days. It\u2019s consistent, delightfully hot without being overpowering. And best of all: Nowhere near as salty as Frank\u2019s Red Hot. (We love salt, but \u2026 damn. OG Frank\u2019s is just a bit too much.) Naturesta also makes other varieties including chili and lime (very nice) and extra hot, but we recommend starting with their original, organic variety.<\/p>\n<p><strong>Want to make your own Buffalo hot sauce without crappy seed oils and <\/strong><strong>preservatives found in most supermarket stuff?<\/strong> Melt butter. Lace it with Naturesta\u2019s organic hot sauce to taste. Hit with with some freshly cracked pepper and a liberal lacing of garlic powder (NOT fresh garlic \u2014 the powder is a spice unto itself). Feeling brave? Add a pinch of MSG. Whisk it together and serve. You can thank us later. Naturesta is on <a href=\"https:\/\/www.facebook.com\/naturestaEgypt\/\">El Face<\/a> and <a href=\"https:\/\/www.instagram.com\/naturestaegypt\/?hl=en\">the IG<\/a> and also offers lines of ketchup, mustard and other staples. You can find it in Gourmet, among other outlets nationwide.<\/p>\n<p><strong>If you\u2019re in the mood for seafood: <\/strong>Whether you\u2019re in Sahel or Cairo, <a href=\"https:\/\/www.facebook.com\/asmakseafoodrestaurant\/\">Asmak<\/a> is arguably one of the most well-established seafood restaurants in the country. This is the local go-to restaurant for families and friends with relatively reasonable prices. As is the custom at most fish places, there is no menu. Instead, you handpick the fish from a wide selection of fresh choices from red mullet, to sea bass, fillet and salmon. Their grilled shrimps with butterfly sauce is one of a kind and their seafood soups and pastas are a must-try. Expect chaos in the restaurant, but it\u2019s worth it.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p>Zawya is kicking off its <strong>Stanley Kubrick retrospective tomorrow <\/strong>as part of its September program, including a handful of films that will be shown on the big screen for the first time in Cairo. Starting with <a href=\"https:\/\/www.imdb.com\/title\/tt0062622\/?ref_=nv_sr_srsg_0\">2001: A Space Odyssey<\/a> (1968) tomorrow, the cinema will screen one of Kubrick\u2019s movies every day (except Saturdays and Sundays) until 25 September. You can find the <a href=\"https:\/\/www.facebook.com\/zawyacinema\/photos\/a.639340932798938\/4604991856233806\/?type=3&theater\">full schedule<\/a>here, and book your ticket online <a href=\"https:\/\/elcinema.com\/festival\/1001730\/film\">here<\/a>.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p>As the daughter of one the first Black female physicians in the US, <strong><a href=\"https:\/\/amzn.to\/2Y7aLbv\">Libertie<\/a><\/strong> <strong>is expected to <\/strong><strong>follow in her mother\u2019s footsteps. <\/strong>But Libertie doesn\u2019t think it\u2019s the right path for her as she\u2019s into arts rather than science. She is faced with tough decisions, and at times, she\u2019s her own worst enemy. Being a free black women physicist living in Brooklyn during the time of slavery, she opts to get married and journey to Haiti to start a new life. Author Kaitlyn Greenidge interweaves the themes of history, culture, and religion in light of her protagonist\u2019s search for the meaning of freedom.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"564425\" 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=\"564425\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/orascom-financial-in-the-black-since-launching-in-december\/\">\r\n                            Orascom Financial in the black since launching in December                        <\/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\/31\/orascom-financial-in-the-black-since-launching-in-december\/\" 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\/31\/orascom-financial-in-the-black-since-launching-in-december\/')\">\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\/31\/orascom-financial-in-the-black-since-launching-in-december\/\">\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=Orascom Financial in the black since launching in December&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/orascom-financial-in-the-black-since-launching-in-december\/\">\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\/31\/orascom-financial-in-the-black-since-launching-in-december\/&title=Orascom Financial in the black since launching in December\">\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=Orascom+Financial+in+the+black+since+launching+in+December+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F31%2Forascom-financial-in-the-black-since-launching-in-december%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\/31\/orascom-financial-in-the-black-since-launching-in-december\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564425\" class=\"content-area-description single-story post-564425 post type-post status-publish format-standard hentry category-go-with-the-flow tag-earnings tag-earnings-watch tag-enterprisepm tag-go-with-the-flow tag-orascom-financial-holding tag-pioneers-holding tag-remco-group wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Orascom Financial Holding has made a total net income of EGP 36.7 mn since its <\/strong><strong>inception<\/strong> <strong>in December last year<\/strong> on revenues of EGP 248.4 mn, according to the company\u2019s financial <a href=\"https:\/\/ent.news\/2021\/8\/Orascom.pdf\">statements (pdf)<\/a>. In 2Q2021, OFH generated EGP 17.3 mn in net income on revenues of EGP 119.7 mn. Orascom Investment Holding <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2469cdec-9e26-4c3d-b311-03eca1646756\">spun off<\/a> its financial business, creating OFH in a demerger that concluded earlier this year when OFH <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0c34203-11bd-4e8b-ad37-b861ca42b976\">started trading<\/a> on the EGX.<\/p>\n<p><strong>Pioneers Holding\u2019s net income fell over 57% to EGP 223.2 mn during 2Q2021 <\/strong>from EGP 529.7 mn the year before, according to the company\u2019s financial <a href=\"https:\/\/ent.news\/2021\/8\/Pioneers-Holding.pdf\">statement (pdf)<\/a>. The drop came despite revenues climbing 22% to EGP 2.2 bn during the quarter from EGP 1.8 bn last year.<\/p>\n<p><strong>Things turned up for Al Ahly for Development and Investment<\/strong>, which recorded a net income of EGP 5.9 mn during 2Q2021 after turning a EGP 423k loss last year, according to the company\u2019s financial <a href=\"https:\/\/ent.news\/2021\/8\/al-ahly-for-development-and-investment.pdf\">statement (pdf)<\/a><strong>. <\/strong>Revenues rose almost 25% to EGP 18.3 mn from EGP 14.8 mn last year.<\/p>\n<p><strong>Tourism developer Remco generated net income of EGP 197.4 mn during 2Q2021<\/strong>, rebounding from a tough quarter last year when the company made a EGP 209.9 mn loss due to the shuttering of the country\u2019s tourism sector due to covid, figures from the company\u2019s <a href=\"https:\/\/ent.news\/2021\/8\/remco-tourism-village-construction.pdf\">quarterly financials (pdf)<\/a> show.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>SMALL CAP NEWS- Odin Investments\u2019 real estate investment firm Emerald is planning <\/strong><strong>to IPO on the Nilex by next month<\/strong> via a private placement and public offering, CEO Hashem El Sayed told us, confirming news first broken by <a href=\"https:\/\/bit.ly\/3jrDDn8\">Al Mal<\/a>. The company will list a 10.5% stake on the exchange, with 65% of the 45 mn shares being allocated to institutional investors, and the remaining 35% being offered to the public, he said.<\/p>\n<p><strong>Regulatory approval:<\/strong> The Financial Regulatory Authority on Thursday gave the go ahead to the company to start preparing for the offering and green-lit the fair value report, which will be disclosed when the prospectus has been approved, El Sayed said.<\/p>\n<p><strong>Advisors:<\/strong> Odin Capital provided financial advice and EgyTrend handled the fair value report.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>MARKET WATCH-<\/strong><\/p>\n<p><strong>The EGX30 fell 0.2% at today\u2019s close<\/strong> on turnover of EGP 1.6 bn (7.8% above the 90-day average). Regional investors were net sellers. The index is up 2.8% YTD.<\/p>\n<p><strong>In the green: <\/strong>Fawry (+5.4%), Mopco (+1.9%) and Credit Agricole (+1.8%).<\/p>\n<p><strong>In the red: <\/strong>Speed Medical (-8.2%), Qalaa Holding (-2.5%) and Egyptian Resorts Company (-2.4%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-financial-holding\/\">Orascom Financial Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pioneers-holding\/\">Pioneers Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/remco-group\/\">Remco 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=\"564426\" 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=\"564426\">\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\">Analyst of the Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/meet-our-analyst-of-the-week-aaiss-rehan-hamza\/\">\r\n                            Meet our analyst of the week: AAIS\u2019s Rehan Hamza                        <\/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\/31\/meet-our-analyst-of-the-week-aaiss-rehan-hamza\/\" 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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I started off at Okaz Investments, then moved to Argaam Plus and MubasherTrade until I began at AAIS. Amr Elalfy and Ibrahim Mansour have both had a massive impact on me and really took the time to teach me and help me grow.<\/p>\n<p><strong>I decided to be an equity analyst during my last year of university<\/strong> where I studied at the faculty of economics and political science. I was taking a course with Islam Ezzam, who\u2019s the vice president of the Financial Regulatory Authority, and he was giving us a brief about financial analysis and the different career paths we can take and it just clicked for me that this is what I wanted to do.<\/p>\n<p><strong>The best part of my job is when calls materialize. <\/strong>I feel like I was able to put the pieces together, gain clarity, and predict something. It often comes down to seeing something other people overlook. It also feels like you\u2019re having an impact when covering a stock and helping it reach its potential.<\/p>\n<p><strong>The worst part of the job is how hectic it is.<\/strong> Whatever event is happening, you need to cover it as soon as possible and present its impact on the stocks you\u2019re covering. It\u2019s quite challenging and definitely a 24\/7 job that doesn\u2019t stop on weekends or holidays. The last report I covered, I was in Gouna on holiday actually [laughs].<\/p>\n<p><strong>Work from home was both difficult and beneficial in my case. <\/strong>I liked the flexible hours and the ability to break away from work for periods during the day. There are also less office distractions such as meetings and calls, and that boosts my productivity. However, I\u2019m the mother of two little monkeys (aka two little boys) and to them it was incomprehensible that I was working while I was with them at home. I think a hybrid system of working is the best way to go from here on out as some physical presence is necessary, but there are also a lot of ways to communicate and engage without being face-to-face.<\/p>\n<p><strong>My theory of investment is to look long term at fundamentally strong firms.<\/strong> In industrials it\u2019s important to be patient and commit to riding out the cycles. We often tell our clients to wait a bit longer when things are looking down, pointing to a return on investment in the long run. It\u2019s all about educated risk which involves doing your homework and knowing the right time to enter a stock.<\/p>\n<p><strong>The most important factor I look at when I recommend an investment is the management. <\/strong>A lot of the time firms make exciting plans but management fails to implement it in a timely manner if at all. When looking at management, you look at their track record of materializing their plans and how they responded if they didn\u2019t. It\u2019s also important to look at their outlook and their understanding of the market which is often evident in their reports and releases.<\/p>\n<p><strong>The commodities boom is definitely causing an upcycle trend for industrials<\/strong>, but I think the coming period will see a bit of stabilization as prices plateau or continue their upwards trend but at a slower rate. However, it put the sector in the limelight and more investors are considering it for long term investment strategies.<\/p>\n<p><strong>We\u2019re confident that 2021 will be positive for Egypt<\/strong>, especially since last year the country achieved growth above expectations. On the capital markets front, there\u2019s a bit more of a question mark as it\u2019s very fragile and volatile at the moment, with every political event causing the stock market to move up and down.<\/p>\n<p><strong>I don\u2019t have much time to watch anything thanks to the kids [laughs]<\/strong>, but the last thing I watched was <a href=\"https:\/\/www.netflix.com\/title\/81037371\">Emily in Paris<\/a>. It was light and fun and I enjoyed it. One of my favourite series is <a href=\"https:\/\/www.netflix.com\/title\/70143836\">Breaking Bad<\/a>.<\/p>\n<p><strong>I really enjoy reading about psychology.<\/strong> I\u2019m currently reading <a href=\"https:\/\/www.amazon.com\/Body-Keeps-Score-Healing-Trauma-ebook\/dp\/B00G3L1C2K\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">The Body Keeps the Score<\/a> by Bessel van der Kolk. It has to do with how trauma affects the mind and how you think and react to future events.<\/p>\n<p><strong>In my downtime I spend a lot of quality time with my boys.<\/strong> Malek is nine and Mostafa is five and we enjoy playing games like Uno, Monopoly, or going bowling. Before covid, we also liked to go to the cinema a lot. As for me on my own, you can usually find me reading or playing Candy Crush.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/analyst-of-the-week\/\">analyst of the week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-african-international-securities\/\">Arab African International Securities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"564428\" 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=\"564428\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/strategy-tips-from-fund-managers-with-usd-3-tn-in-collective-aum\/\">\r\n                            Strategy tips from fund managers with USD 3 tn in collective AUM                        <\/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\/31\/strategy-tips-from-fund-managers-with-usd-3-tn-in-collective-aum\/\" 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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Increasing inflation. Xi Jinping\u2019s Great Capitalist Smackdown in China. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-30\/where-investors-with-3-trillion-are-putting-their-money?sref=mmeFTDW1\">Bloomberg<\/a> interviewed institutional investors with a combined USD 3 tn of assets under management to see how they\u2019re managing their way through a spotty, stop-start recovery and ongoing turmoil in the Chinese markets. Here are their top takeaways on the macro outlook:<\/p>\n<p><strong>#1- Most are surprisingly still bullish on China<\/strong>, though the advice is to tread carefully and to avoid US-listed Chinese firms amid the crackdown on foreign listings. Stocks listed in Singapore, Hong Kong, and mainland China all offer good alternatives, say the money men. \u201cThe Chinese central bank will have a more accommodative stance. We don\u2019t think there will be risk of monetary tightening in the short future \u2026 We think a large portion of the needed regulatory adjustments are now behind us,\u201d according to the chief investment officer of one private bank with USD 347 bn in client assets.<\/p>\n<p><strong>China isn\u2019t for everybody though<\/strong>, and some are looking to Europe as an alternative: Equities are cheap, vaccination rates are high, and it's well out of the way of the superpower squabble. One investor also flags Indian-listed IT providers as a good pick, adding that they are less impacted by domestic concerns over covid and consumption since clients are often based in western markets.<\/p>\n<p><strong>#2- Inflation concerns are still present<\/strong> with nearly half of those interviewed expressing worry about the impact of rising prices on their bottom lines. The manager of Australia\u2019s sovereign fund warns that high inflation could be \u201cvery, very damaging\u201d for returns; likewise, Norway\u2019s huge USD 1.3 tn wealth fund is expecting inflation to hit its bonds and stocks, seeing no solution other than to \u201csit through it.\u201d<\/p>\n<p><strong>#3- Hedge funds are back: <\/strong>After a so-called <a href=\"https:\/\/www.ft.com\/content\/c87d52b2-d54e-4dae-9b50-98ca1e6c1d4c\">dismal decade<\/a> for managed funds, investors are throwing it back to 2009 and getting excited about hedge funds again. Hedge funds live for drama: more turmoil in the markets means more chances for managers to exploit macro and event-driven trends. \u201cFor the first time in six years we\u2019re positive on alternatives, with hedge funds being one of them,\u201d said the CIO of one private bank that commands USD 300 bn.<\/p>\n<p>(<strong>Hedge funds, you ask? <\/strong>Yup. They\u2019re back in vogue again \u2014 and the guys who will charge you \u201c2 and 20\u201d are so in-demand after a decade in the wilderness, they might just turn away your cash if you\u2019re not ready to write a big enough ticket. Go read: <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2021-08-24\/fifthdelta-brevan-howard-demand-shows-hedge-funds-are-hot-again\">Hedge funds are hot again. Good luck finding one that\u2019ll take your money<\/a>.)<\/p>\n<p><strong>#4- Technology and sustainability are words on everyone\u2019s lips:<\/strong> Sometimes those two poles pull in opposite directions, as seen with Norway\u2019s sovereign fund, where plans to sell down some assets over ESG and regulatory concerns appear to have come into conflict with the desire to keep a foothold in Chinese tech. Elsewhere, supply chain tech, cell phone towers, digitization, e-commerce, cyber-security, renewable energy and ESG stocks were among the sectors tipped for strong growth.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hedge-funds\/\">hedge funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/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=\"564430\" 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\/31\/your-essential-business-calendar-on-31-august-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564430\" class=\"content-area-description single-story post-564430 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>24 August-5 September (Tuesday-Sunday): Tokyo 2020 <a href=\"https:\/\/www.paralympic.org\">Paralympics<\/a>.<\/p>\n<p>September: Delegation of Russian companies to visit Russian Industrial Zone.<\/p>\n<p>1-3 September (Wednesday-Friday): <a href=\"https:\/\/digisignafrica.com\/\">Digi Sign Africa<\/a>, Cairo International Convention Centre, Cairo, Egypt.<\/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>4 September (Saturday): The first <a href=\"https:\/\/cyprus-mail.com\/2021\/08\/26\/first-cyprus-egypt-intergovernmental-summit-on-september-4\/\">Egypt-Cyprus Intergovernmental Summit<\/a> is taking place in Cairo.<\/p>\n<p>5 September (Sunday): The updated date for EGX listed companies to institute the new mechanism for calculating closing share prices. The deadline was previously 2 September.<\/p>\n<p>5-7 September (Sunday-Tuesday): The <a href=\"https:\/\/www.arabsecurityconference.com\/\">Arab Security Conference<\/a>, The Nile Ritz-Carlton, Cairo, Egypt.<\/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>8-9 September (Wednesday-Thursday): <a href=\"https:\/\/ent.news\/2021\/8\/Press-release_ICF_arabic.pdf\">Egypt-International Cooperation Forum (ICF)<\/a>, Cairo<\/p>\n<p>7-9 September (Tuesday-Thursday): <a href=\"https:\/\/www.egyhealthexpo.com\/\">Egy Health Expo<\/a>, Al Manara International Conference, Cairo, Egypt.<\/p>\n<p>9 September (Thursday): <a href=\"https:\/\/devopsdays.org\/events\/2021-cairo\/welcome\/\">DevOpsDays Cairo 2021<\/a> is being organized by ITIDA and the Software Engineering Competence Center in cooperation with DXC Technology, IBM Egypt and Orange Labs.<\/p>\n<p>11-12 September (Saturday-Sunday):<a href=\"https:\/\/10times.com\/icess-egypt\">International Conferences on Economics and Social Sciences<\/a>, Cairo<\/p>\n<p>12 September (Sunday): International schools begin 2021-2022 academic year<\/p>\n<p>12-15 September (Sunday-Wednesday): Sahara Expo: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/p>\n<p>13-21 September (Monday-Tuesday): <a href=\"https:\/\/www.un.org\/en\/ga\/\">76th session of the general assembly<\/a>, New York<\/p>\n<p>15 September (Wednesday): The <a href=\"https:\/\/bit.ly\/3dp0wnB\">CFO Leadership & Strategy Summit<\/a> is taking place in Egypt.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>18 September (Saturday): Expiration of<a href=\"https:\/\/www.rudaw.net\/english\/middleeast\/iraq\/19092020\">United Nations Investigative Team<\/a> to Promote Accountability for Crimes Committed by Daesh\/ISIL<\/p>\n<p>21-22 September (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>22-25 September (Wednesday-Saturday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt<\/a>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>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 \u2014 must be held by the first Thursday of October.<sup><\/sup><\/p>\n<p>October: Romanian President Klaus Iohannis <a href=\"https:\/\/bit.ly\/3z0gaic\">could visit Egypt<\/a> in mid this month to discuss ways to boost tourism cooperation between the two countries.<\/p>\n<p>1 October (Friday): Businesses importing goods at seaports will need to file shipping documents and cargo data digitally to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">the Advance Cargo Information (ACI) system<\/a>.<\/p>\n<p>1 October (Friday): Expo 2020 Dubai opens.<\/p>\n<p>1 October (Friday): State-owned companies and government service bodies selling goods and services to customers that <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/178309171006178\">have not yet signed on to the e-invoicing platform<\/a> will suffer a host of penalties, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>9 October (Saturday): Public schools begin 2021-2022 academic year<\/p>\n<p>11-17 October (Monday-Sunday): <a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\">IMF + World Bank Annual Meetings<\/a>.<\/p>\n<p>12-14 October (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>24-28 October (Sunday-Thursday) <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/p>\n<p>27-28 October (Wednesday-Thursday) <a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a>, Royal Maxim Palace Kempinski, Cairo, Egypt.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 October - 4 November (Saturday-Thursday): The first edition of <a href=\"https:\/\/globalswimseries.com\/ryan-lochte-announces-first-race-the-legends-event-in-egypt\/\">Race The Legends<\/a>, Egypt.<\/p>\n<p>November: The French-Egyptian Business Forum is set to take place in the Suez Canal Economic Zone.<\/p>\n<p>November: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/163314772505618\">host another round of talks<\/a> to reach a potential Egyptian-Eurasian trade agreement, which can significantly contribute to increasing the volume of Egyptian exports to the Russia-led bloc that includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.<\/p>\n<p>1-3 November (Monday-Wednesday): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>2-3 November (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>16-17 November (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/p>\n<p>26 November-5 December (Friday-Sunday): <a href=\"https:\/\/www.facebook.com\/CairoFilms\/photos\/a.386668088207064\/1611462495727611\/\">The 43rd Cairo International Film Festival<\/a>.<\/p>\n<p>29 November-2 December (Monday-Thursday): Egypt Defense Expo.<\/p>\n<p>7-8 December (Tuesday-Wednesday): <a href=\"https:\/\/northafricatradefinance.com\/\">North Africa Trade Finance Summit<\/a>.<\/p>\n<p>12-14 December (Sunday-Tuesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa Cairo<\/a> trade exhibition, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>13-17 December: United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/p>\n<p>14-19 December (Tuesday-Sunday): <a href=\"https:\/\/www.facebook.com\/cifcet\/\">The Cairo International Festival for Experimental Theater<\/a>.<\/p>\n<p>14-15 December (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>22-24 April 2022:<a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\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":564419,"template":"","categories":[],"tags":[],"class_list":["post-564418","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d96446f0-041b-49c9-b24c-27abb0db9f65","teaser":"","photo_url":"https:\/\/ent.news\/2021\/8\/561.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>Global stocks are ending August on a high note \u2014 and the EGX still still in the green YTD - 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\/global-stocks-are-ending-august-on-a-high-note-and-the-egx-still-still-in-the-green-ytd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global stocks are ending August on a high note \u2014 and the EGX still still in the green YTD\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/global-stocks-are-ending-august-on-a-high-note-and-the-egx-still-still-in-the-green-ytd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T04:31:15+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\/561.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\/global-stocks-are-ending-august-on-a-high-note-and-the-egx-still-still-in-the-green-ytd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/global-stocks-are-ending-august-on-a-high-note-and-the-egx-still-still-in-the-green-ytd\/\",\"name\":\"Global stocks are ending August on a high note \u2014 and the EGX still still in the green YTD - 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