{"id":564701,"date":"2021-02-22T13:47:39","date_gmt":"2021-02-22T13:47:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=564701"},"modified":"2025-12-16T04:38:42","modified_gmt":"2025-12-16T04:38:42","slug":"enterprise-300k-jabs-of-sinopharm-vaccine-arriving-tonight","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-300k-jabs-of-sinopharm-vaccine-arriving-tonight\/","title":{"rendered":"Enterprise 300k jabs of Sinopharm vaccine arriving tonight"},"content":{"rendered":"<section id=\"564703\" 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=\"564703\">\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\/02\/22\/what-were-tracking-on-22-february-2021-2\/\">\r\n                            What we\u2019re tracking on 22 February 2021                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/what-were-tracking-on-22-february-2021-2\/\" 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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We\u2019re also expecting 8.6 mn doses of the Oxford-AstraZeneca vaccine by next week, Health Minister Hala Zayed in her press conference <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebc043e8-bc42-4a2b-9ca5-136ac2835180\">yesterday<\/a>. Egyptians can register to take a covid-19 vaccine starting next week.<\/p>\n<p><strong>YOUR MANDATORY COVID STORY- <\/strong>South African vaccine manufacturer The Biovac Institute aims to fill in Africa\u2019s vaccine gap and is currently in talks to produce a covid-19 vaccine at its facilities, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-22\/biovac-plans-to-become-a-vaccine-maker-for-underserved-africa?sref=mmeFTDW1\">Bloomberg<\/a>. The Cape Town-based pharma company will begin producing the vaccine within 12 months of signing an agreement, said CEO Morena Makhoana, without disclosing which vaccine developer Biovac is negotiating with. While Biovac has previously produced bacterial vaccines, the company needs to expand to \u201cbuild capability of developing viral vaccines, that will give South Africa a solid footing to deal with future pandemics,\u201d said Makhoana. Currently, Africa only has shot-making facilities in South Africa, Senegal and Egypt.<\/p>\n<p><strong>Masks may be here to stay for longer than we thought<\/strong>, with US\u2019s Chief Medical Adviser for covid-19 Response Dr. Anthony Fauci saying on <a href=\"https:\/\/edition.cnn.com\/2021\/02\/21\/politics\/anthony-fauci-mask-wearing-2022-cnntv\/index.html\">CNN<\/a> that it's possible that Americans will still need to wear masks in 2022 to protect against covid-19.<\/p>\n<p><strong>THE BIG STORY ABROAD TODAY- Boeing <\/strong><strong><a href=\"https:\/\/twitter.com\/Boeing\/status\/1363689436614115330\">recommended<\/a><\/strong><strong> the suspension of its 777 jets <\/strong><strong>with PW4000 engines<\/strong>, following United Airlines 777 landing safely in Denver on Saturday after its right engine failed. Boeing recommended airlines suspend operations until US regulators identified the appropriate inspection protocol. United and airlines in Japan and Korea are apparently the only airlines that meet the specs, <a href=\"https:\/\/www.reuters.com\/article\/us-boeing-777-japan\/boeing-recommends-airlines-suspend-use-of-some-777s-after-united-incident-idUSKBN2AL0PD\">Reuters reports<\/a>. The move raises the specter of the 737 Max grounding last year after the crash of Ethiopian Airlines Flight 302 in 2019.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>Check out the rare solar alignment that caused the sun to shine on the face of King Ramses II in Abu Simbel Temple today<\/strong>, captured by Extra News (<a href=\"https:\/\/bit.ly\/3bsyaau\">watch, runtime: 13:43<\/a>). Ramses II feels the sun on his face twice a year \u2014 once in October to mark the king\u2019s birthday and the beginning of the growing season and again in February to celebrate his coronation and the start of harvest season. You can read more about the phenomenon <a href=\"https:\/\/www.sis.gov.eg\/section\/2573\/507?lang=en-us\">here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Russian state<\/strong><strong> nuclear energy giant Rosatom is hosting a Science Festival Week in <\/strong><strong>Egypt<\/strong> <strong>that will run until Thursday<\/strong>. The science festival will take place at the Russian Centre for Science and Culture in both <a href=\"https:\/\/www.facebook.com\/RussianCulturalCenterInCairo\/\">Cairo<\/a> and <a href=\"https:\/\/www.facebook.com\/russiancenteralex\/\">Alexandria<\/a>. The aim of the event is to introduce students to the fundamentals of nuclear science, its various applications, and the role of nuclear technology in a nation\u2019s development, said Rosatom regional VP Alexander Voronkov.<\/p>\n<p><strong>Will we get an update on Dabaa?<\/strong> Rosatom is building the USD 30 bn Dabaa nuclear power plant after all. We\u2019ll be keeping our ears to the ground.<\/p>\n<p><strong>The <\/strong><strong><a href=\"http:\/\/afrofuturesummit.com\/\">Afro Future Summit<\/a><\/strong><strong> is coming up this Friday<\/strong> \u2014 bringing together African futurists, investors, tech entrepreneurs, celebrities, politicians and business moguls in a virtual event that aims to introduce the potential and tackle the challenges of people with African descent worldwide. The event is organized in partnership with companies such as Microsoft, Google Cloud, and IBM Cloud, with high-profile speakers including Procter & Gamble CCO Damon Jones, Softbank Partner Shu Nyatta, AT&T Senior Vice President Corey Anthony, and Twitter Director Alexandra Kennedy. <strong>You can purchase tickets for the event <\/strong><strong><a href=\"https:\/\/www.eventbrite.com\/e\/afro-future-summit-2021-tickets-135509678095\">here<\/a><\/strong><strong>.<\/strong><\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>Travellers are looking at Africa for post-covid vacations: <\/strong>As travel to Europe and the US seems dicey as lockdowns and high case counts continue, people itching to wipe the dust on their suitcases are looking at wide-open, remote places to place their travel bets, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-22\/travel-industry-sees-recovery-in-caribbean-africa-antarctica-israel?sref=mmeFTDW1\">Bloomberg<\/a>. Africa is getting a lot of love with the promise of wide open spaces during a fun safari and privacy at small boutique camps, says operator Abercrombie & Kent Spokesperson Pamela Lassers. <strong>That interest extends to Egypt which has \u201cthe world\u2019s largest open-air museum,\u201d <\/strong>Lassers says.<\/p>\n<p><strong>Who says you can\u2019t find a silver lining with global warming:<\/strong> Meanwhile, Antarctica has charted the most significant growth in interest from American travelers, with travel group White Desert already sold out of two trips for late 2021 (even with prices of USD 100k per person). Other destinations garnering interest are Maldives, The Caribbean, and the Dominican Republic.<\/p>\n<p><strong>Apple is back to dominating the global smartphone market<\/strong> after five-years of losing out to brands such as Samsung and Huawei, according to IT research firm <a href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/2021-02-22-4q20-smartphone-market-share-release\">Gartner<\/a>. The introduction of a 5G variant of the iPhone (the iPhone 12), helped propel the company\u2019s sales 14.9% y-o-y in 4Q2020, with Apple recording a 20.8% global market share during the quarter. The uptrend in sales is expected to continue in 1Q2021 and further into the year as Apple\u2019s sales grow in line with a recovering market, said Annette Zimmerman, the lead analyst for Apple at Gartner.<\/p>\n<p><strong>Meanwhile, Samsung\u2019s sales fell 11.8% y-o-y putting it at second place with a market share of 16.2%<\/strong>, followed by Xiomi with a market share of 11.3%, Oppo (8.9%), and Huawei (8.9%). The previous no.2 smartphone manufacturer, Huawei, suffered the sharpest slide, with smartphone sales falling 41% y-o-y in 4Q2020 due to sanctions imposed by the US government.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT- <\/strong><\/p>\n<p><strong>Netflix has released a new original film <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81350429\">I Care A Lot<\/a><\/strong><strong>, starring Rosamund Pike. <\/strong>Pike\u2019s character Marla Grayson owns a firm that places seniors in homes and assumes control of their assets when they\u2019re deemed medically incapable of taking care of themselves. Grayson makes a fortune by taking advantage of her older clients, but one day, she picks the wrong mark: an elderly woman who has a mama-loving crime boss for a son. The film is described as highlighting another \u201csystemic injustice the wider culture has decided it\u2019s fine with.\u201d Check out reviews in the <a href=\"https:\/\/www.nytimes.com\/2021\/02\/18\/movies\/i-care-a-lot-review.html\">New York Times<\/a> and <a href=\"https:\/\/www.polygon.com\/22292160\/i-care-a-lot-review-netflix\">Polygon<\/a>.<\/p>\n<p><strong>Apple TV has an array of docuseries for you to delve into:<\/strong> <a href=\"https:\/\/tv.apple.com\/us\/show\/becoming-you\/umc.cmc.2eln6544k8wo99s3vrdl5amwf\">Becoming You<\/a> follows the first 2000 days of 100 children who come from different cultures and walks of life. The show highlights how young people find their own way in the world, from their very first step. <strong>Looking for something more nature-oriented?<\/strong> Check out <a href=\"https:\/\/tv.apple.com\/us\/show\/earth-at-night-in-color\/umc.cmc.37dvcdop7ub4m8tx9fnczl1a1\">Earth At Night<\/a> which follows animals when the sun goes down. The series uses cutting-edge camera equipment to give you amazing night footage in full color.<\/p>\n<p><strong>Speaking of which: The Apple TV application is now available for download on Google <\/strong><strong>Chromecast<\/strong>, reports <a href=\"https:\/\/www.theverge.com\/2021\/2\/18\/22287905\/apple-tv-app-now-available-chromecast-google-tv\">The Verge<\/a>.<\/p>\n<p><strong>There\u2019s a smattering of matches amongst the leagues today: <\/strong>You can still catch the second half of the match currently being played between Ceramica Cleopatra and Ghazl El Mahalla for the <strong>Egypt Cup<\/strong>, while Smouha and Al Masry will head to the field at 7:30pm CLT in the <strong>Egyptian Premier League<\/strong>. Osasuna and Sevilla will play for <strong>La Liga<\/strong> at 10pm CLT. Crotone will play against Juventus at 9:45pm CLT in <strong>Serie A<\/strong> and finally Brighton will face off against Crystal Palace 10pm CLT in the <strong>English Premier League<\/strong>.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>A Texan barbeque restaurant has made its way to New Cairo:<\/strong> The meat lovers among you will find plenty to sink your teeth into at LongHorn Texas BBQ with their smoked meats, brisket, and huge platters of soul food. We recommend the brisket pastrami with loaded fries and don\u2019t forget to satisfy your sweet tooth with their pecan pie. The restaurant\u2019s decor is also to be commended with Chuck the bull greeting guests at the door. Find them at O1 Mall in New Cairo (<a href=\"https:\/\/goo.gl\/maps\/HBAofmMWbLm1svY18\">Google Maps<\/a>). <a href=\"http:\/\/bit.ly\/37AVIZJ\">Cairo West<\/a> and City Talks Magazine approve.<\/p>\n<p><strong>Want a taste, but still not dining out? <\/strong>Longhorn Texas BBQ is selling a limited batch of homemade beef jerky made using US prime beef as well as their signature BBQ sauces.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>Rock band Wujood are playing at El Sawy Culture Wheel today at 7pm CLT. <\/strong>They play original songs with plenty of guitar solos.<\/p>\n<p><strong>Not enough guitar for you? You can now attend <\/strong><strong><a href=\"http:\/\/bit.ly\/2P13plq\">guitar classes<\/a><\/strong><strong> at B-Hub in New Cairo<\/strong> (<a href=\"https:\/\/goo.gl\/maps\/k3v64U1D1i6sMFwq7\">Google Maps<\/a>), with three levels depending on your familiarity with the instrument. There\u2019s the option of taking a group course or booking private lessons with instructor <a href=\"https:\/\/www.facebook.com\/Hossam-Fouad-1675111556082008\/\">Hossam Fouad<\/a>.<\/p>\n<p><strong>Music Zone club in Heliopolis is hosting a <\/strong><strong>ladies-only dancing night<\/strong><strong> today <\/strong>(<a href=\"https:\/\/goo.gl\/maps\/jE49pDytZ3gke51X7\">Google Maps<\/a>).<\/p>\n<p><strong>Handmade product exhibition <\/strong><strong><a href=\"http:\/\/bit.ly\/3kaivQR\">Deyarna<\/a><\/strong><strong> is still on at Cairo Festival City<\/strong> <strong>until Thursday. <\/strong>It\u2019s a great way to support local artisans who like to work with their hands while also getting some unique pieces for your house.<\/p>\n<p><strong>Catch a screening of a Shadi Abdel Salam classic this Wednesday<\/strong><strong>:<\/strong> The Mummy (The Night of Counting the Years) will be screened at the Cinematic Cultural Centre (<a href=\"https:\/\/goo.gl\/maps\/s9K7sBpbZgRmmQvC8\">Google Maps<\/a>) on Wednesday at 6pm CLT, reports <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/5\/32\/404418\/Arts--Culture\/Film\/Art-Alert-Egypts-Cinema-Culture-Centre-to-screen-S.aspx\">Ahram Online<\/a>. The film was directed by the late Egyptian filmmaker Shadi Abdel Salam.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Your light read of the day: <\/strong><a href=\"https:\/\/www.amazon.com\/Bad-Muslim-Discount-Novel-ebook\/dp\/B0852NVFCF\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">The Bad Muslim Discount<\/a> by Syed M. Masood follows two families from Pakistan and Iraq in the 1990s to San Francisco in 2016 in a comic depiction of what it means to be a Muslim immigrant in modern America.<\/p>\n<p><strong>Another climate change book: <\/strong><a href=\"https:\/\/www.amazon.com\/Under-White-Sky-Nature-Future-ebook\/dp\/B08DMWR6BP\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">Under a White Sky<\/a> written by Elizabeth Kolbert (who won a Pulitzer Prize for her book <a href=\"https:\/\/www.amazon.com\/Sixth-Extinction-Unnatural-History-ebook\/dp\/B00EGJE4G2\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">The Sixth Extinction<\/a>) looks at how we can re-engineer the looming catastrophe of climate change. The book garnered applause from the renowned journal <a href=\"https:\/\/www.nature.com\/articles\/d41586-021-00333-3\">Nature<\/a>, calling it an \u201coutstanding reportage from the front lines of geoengineering\u201d.<\/p>\n<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> ? <strong>TOMORROW\u2019S WEATHER- <\/strong><strong>Say goodbye to the sun today\u2026<\/strong> Our favorite weather app is forecasting a 40% chance of showers tomorrow in Cairo amidst cloudy skies. Look out for daytime highs of 18\u00b0C and lows of 11\u00b0C. The national weather service has <a href=\"http:\/\/bit.ly\/3ulmsXE\">warned<\/a> people in Matrouh and Alexandria that a strong storm cloud is approaching and that it could hit Kafr El Sheikh later on in the day.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>CORRECTION-<\/strong> We picked up a story from <a href=\"https:\/\/alborsaanews.com\/2021\/02\/21\/1419893\">the<\/a><a href=\"https:\/\/alborsaanews.com\/2021\/02\/21\/1419893\">local press<\/a> yesterday that incorrectly said that Rameda Pharma saw a 20% increase in sales in 2020. The 20% growth actually came in the company\u2019s private retail sales, company sources tell us.<\/p>\n<p>\u00a0<\/p>\n<p>CORRECTED ON 22 February 2021<\/p>\n<p>We clearly had a few wires loose in the noggin as Hala Zayed is the Health Minister and not Hala El Saeed (the Planning Minister).<\/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\/africa\/\">Africa<\/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\/culture\/\">culture<\/a>\n                <!-- <span 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class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-6th2e0h\" data-v=\"4\" data-block-id=\"6th2e0h\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-6th2e0h-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-6th2e0h-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" 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256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" 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=\"564705\" 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=\"564705\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/mena-startups-break-records-in-2020-with-256-active-investors\/\">\r\n                            MENA startups break records in 2020 with 256 active investors                        <\/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\/02\/22\/mena-startups-break-records-in-2020-with-256-active-investors\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n    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href=\"https:\/\/api.whatsapp.com\/send?text=MENA+startups+break+records+in+2020+with+256+active+investors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fmena-startups-break-records-in-2020-with-256-active-investors%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\/02\/22\/mena-startups-break-records-in-2020-with-256-active-investors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/491.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"564706\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/mena-startups-break-records-in-2020-with-256-active-investors\/491-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/491.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"491.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/491.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/491.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564705\" class=\"content-area-description single-story post-564705 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-startup-watch tag-500-startups tag-enterprisepm tag-magnitt tag-mena tag-saudi-arabia tag-startup-watch tag-startups tag-uae 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>A record number of venture capital investors provided finance to MENA-based <\/strong><strong>startups last year<\/strong>, despite the disruption caused by the covid-19 pandemic, according to Magnitt\u2019s <a href=\"https:\/\/ent.news\/2021\/2\/2021-MENA-Venture-Investor-Ranking-Report_Press-Release.pdf\">2021 MENA Investor Ranking Report (pdf)<\/a>. Last year saw 256 active investors provide capital to startups in the region, up 19% from 2019, the report said.<\/p>\n<p><strong>In detail:<\/strong> UAE hosted in 2020 about 22% of active investment companies in MENA, followed by Saudi Arabia with a 19% share. The most active MENA-focused investor in 2020 was <a href=\"https:\/\/500.co\/\">500 Startups<\/a> which is backed by the Bahrain-based <a href=\"https:\/\/mena.500.co\/\">500 Falcons<\/a> fund, taking part in 42 agreements across various industries in the region.<\/p>\n<p><strong>Fintech was a favorite in 2020:<\/strong> Fintech saw the biggest uptick in demand as a result of the pandemic, with 63 VCs investing in mobile and online payment solutions.<\/p>\n<p><strong>Accelerators decelerated:<\/strong> Accelerators comprised only 10% of investors in the region last year, down 28% from 2019.<\/p>\n<p><strong>Corona didn\u2019t disrupt MENA VC flows last year:<\/strong> Venture capital inflows into MENA startups climbed to USD 1 bn in 2020, up from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/063a8471-0aaa-4116-b9c8-5d7b120d64aa\">USD 700 mn<\/a> the year before, despite the economic damage and market volatility caused by the pandemic, the startup data platform <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09eec7b1-9fe6-4114-8d35-93ebc46527aa\">said in January<\/a>. Egypt held the second-biggest share of venture capital investment, falling behind the UAE, which accounted for a whopping 56% of the total funding amount last year, Magnitt said.<\/p>\n<p><strong>Egypt accounted for almost a quarter (24%) of the region\u2019s venture capital transactions<\/strong>, coming just short of the UAE\u2019s 26% and ahead of third-placed Saudi Arabia at 18%.<\/p>\n<p><strong>What does the Enterprise Startup Tracker\u2122 have to say?<\/strong> Our math says nearly 50% more transactions were closed in Egypt last year and that the average transaction was worth about 2x in 2020 it was the year before. Fintech and e-commerce accounted for almost half the 49 transactions we picked up last year. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c3b99bc-dc50-48af-9f1b-d9ffbbc8bc71\">Tap or click here to read our 2020 Review: The year in startups.<\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/500-startups\/\">500 Startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/magnitt\/\">MAGNiTT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/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=\"564707\" 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=\"564707\">\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\/02\/22\/sawiris-getting-closer-to-a-real-good-roi\/\">\r\n                            Sawiris getting closer to a real good ROI                        <\/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\/02\/22\/sawiris-getting-closer-to-a-real-good-roi\/\" 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\/02\/22\/sawiris-getting-closer-to-a-real-good-roi\/')\">\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\/02\/22\/sawiris-getting-closer-to-a-real-good-roi\/\">\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=Sawiris getting closer to a real good ROI&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/sawiris-getting-closer-to-a-real-good-roi\/\">\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\/02\/22\/sawiris-getting-closer-to-a-real-good-roi\/&title=Sawiris getting closer to a real good ROI\">\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=Sawiris+getting+closer+to+a+real+good+ROI+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fsawiris-getting-closer-to-a-real-good-roi%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\/02\/22\/sawiris-getting-closer-to-a-real-good-roi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564707\" class=\"content-area-description single-story post-564707 post type-post status-publish format-standard hentry category-speed-round-ma-watch tag-aviation tag-enterprisepm tag-investment-watch tag-ma-watch tag-nassef-sawiris tag-travel 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> Nassef Sawiris is on board with a USD 4.7 bn takeover offer for Signature <\/strong><strong>Aviation<\/strong>, the private jet operator in which he holds a 7.41% stake, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-21\/billionaire-sawiris-said-to-back-4-7-billion-signature-takeover?sref=mmeFTDW1\">Bloomberg<\/a> reports, citing a statement from Sawiris\u2019 investment arm NNS Holding. The potential suitors, Blackstone Group and Global Infrastructure Partners (GIP), recently partnered and raised the purchase price by some USD 0.12 to USD 5.62 a share \u2014 winning approval of Signature's management and getting Sawiris\u2019 backing.<\/p>\n<p><strong>End of bidding war: <\/strong>This offer, now likely to succeed, ends a months-long bidding war for the company, which is the largest in its business. PE giant Carlyle Group had previously been in a consortium with Blackstone, which is bidding in alliance with Bill Gates, to rival GIP\u2019s offer. Blackstone broke out and joined GIP, and Carlyle said it will opt for taking a stake in one of Signature\u2019s units.<\/p>\n<p><strong>Sawiris is Signature\u2019s third-largest shareholder.<\/strong> He raised his stake <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/381d3c13-fa1f-4afa-a77c-09e50d52aff6\">last month<\/a> to 7.41% from 7.16%, worth some USD 350 mn, and has been accumulating shares since the pandemic, becoming the company\u2019s third-largest shareholder, and among a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-03\/gates-and-world-s-rich-win-big-on-private-jet-firm-s-196-surge?sref=mmeFTDW1\">handful of b\u2019naires<\/a> controlling more than 25% of the company.<\/p>\n<p><strong>The private jet business had a solid run amid the pandemic<\/strong> as commercial travel was banned at the onset and performed poorly since then. Signature\u2019s value, meanwhile, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/20ec0d23-f7d7-48c4-9a95-72518937ed37\">almost tripled in size<\/a>. to some USD 4.8 bn after a mid-March low more of the wealthy turned to private air transport.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/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\/nassef-sawiris\/\">Nassef Sawiris<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/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=\"564708\" 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=\"564708\">\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\/02\/22\/what-does-it-mean-for-an-index-to-rebalance\/\">\r\n                            What does it mean for an index to \u201crebalance\u201d?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/what-does-it-mean-for-an-index-to-rebalance\/\" 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\/02\/22\/what-does-it-mean-for-an-index-to-rebalance\/')\">\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\/02\/22\/what-does-it-mean-for-an-index-to-rebalance\/\">\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=What does it mean for an index to \u201crebalance\u201d?&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/what-does-it-mean-for-an-index-to-rebalance\/\">\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\/02\/22\/what-does-it-mean-for-an-index-to-rebalance\/&title=What does it mean for an index to \u201crebalance\u201d?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+does+it+mean+for+an+index+to+%E2%80%9Crebalance%E2%80%9D%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fwhat-does-it-mean-for-an-index-to-rebalance%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\/02\/22\/what-does-it-mean-for-an-index-to-rebalance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564708\" class=\"content-area-description single-story post-564708 post type-post status-publish format-standard hentry category-go-with-the-flow tag-asset-management tag-egx tag-enterprisepm tag-go-with-the-flow 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>Enterprise Explains: Index rebalancing.<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0cb2af7-3aa5-460f-b75b-10581cc938f3\">Last month<\/a>, the Egyptian Exchange released new criteria for inclusion in the EGX30 in a bid to make the benchmark index more attractive to foreign investors. The new criteria came into effect on 1 February, which is when the first periodic rebalancing of each year typically reflects on the index.<\/p>\n<p><strong>So what exactly is rebalancing, you ask?<\/strong> Rebalancing is a form of index maintenance that adjusts the constituents (fancy-talk for the traded companies that make up the index) to make sure representation is in line with the index\u2019s overall goal, whatever it might be.<\/p>\n<p><strong>The criteria for inclusion in the EGX30 in each rebalancing:<\/strong> The EGX30 \u2014 which is Egypt\u2019s most visible stock index \u2014 sets inclusion rules based on freefloat market capitalization and trading activity, which are designed to create an index that includes companies or constituents that are both large and actively traded.<\/p>\n<p><strong>As of this month, the constituents are required to meet a freefloat market cap equal to <\/strong><strong>or above the index\u2019s adjusted market capitalization.<\/strong> A company\u2019s freefloat market cap is the number of shares in freefloat multiplied by its share price, while the adjusted market cap is calculated by finding the median of the top 60 most actively-traded companies\u2019 freefloat market cap.<\/p>\n<p><strong>The constituents are then chosen from the 33 companies on the bourse with the highest <\/strong><strong>liquidity.<\/strong> The 27 companies with the largest freefloat market cap will be automatically included. The remaining three companies will be selected from companies ranked #28-33 \u2014 with these six companies, the only additional criterion will be that the company was already included on the index.<\/p>\n<p><strong>How does it work?<\/strong> Let\u2019s say company #28 wasn\u2019t included in the index, but #29 was. Even though #28 has more liquidity, #29 will take the spot because it\u2019s already on the index, meaning there will be less volatility.<\/p>\n<p><strong>What\u2019s the point of all this rebalancing business?<\/strong> Without regular rebalancing, an index can become overly weighted toward a particular sector or one group of stocks, or its representation could be based on factors that aren\u2019t best suited to the market. For example, the EGX30\u2019s new criteria are meant to make the index more attractive to institutional (rather than retail) investors by representing large-cap Egyptian companies with stronger fundamentals, as opposed to highly volatile and actively traded companies whose fundamentals may not be as sound.<\/p>\n<p><strong>For the EGX30, the rebalancing process happens twice a year<\/strong>, with the changes taking effect every February and August. The changes in the methodology will be felt next week, when companies will be removed and added to the index based on the past six months of trading activity.<\/p>\n<p><strong>When do other indices rebalance?<\/strong> The S&P is \u201crebalanced as needed\u201d but has scheduled quarterly rebalances in March, June, September and December. Just like the EGX, the MSCI rebalances in February and August, but also has semi-annual reconstitutions in May and November.<\/p>\n<p><strong>So, who was in and who was out in this month\u2019s rebalancing?<\/strong> Payments giant Fawry, investment bank and NBFS player CI Capital, consumer stalwart MM Group, state-owned Abu Qir Fertilizers, and Alexandria Mineral Oils Company (AMOC) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0cb2af7-3aa5-460f-b75b-10581cc938f3\">are now EGX30 constituents<\/a>. Education outfit CIRA, dairy producer Juhayna, soon to be defunct Egyptian Iron and Steel, clothing manufacturer Dice, and Beltone Financial Holding have all rotated out of the benchmark index.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The EGX30 rose 1.1% at today\u2019s close<\/strong> on turnover of EGP 1.63 bn (11.3% above the 90-day average). Foreign investors were net sellers. The index is up 6.5% YTD.<\/p>\n<p><strong>In the green: <\/strong>Eastern Company (+3.0%), Fawry (+2.5%) and Cleopatra Hospital (+2.2%).<\/p>\n<p><strong>In the red: <\/strong>Orascom Investment Holding (-2.7%), Sodic (-1.4%) and Alexandria Mineral Oils Company (-1.2%).<\/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\/asset-management\/\">asset management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"564709\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"564710\" 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=\"564710\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">LIFE &amp; ARTS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/time-to-scrap-follow-your-passion-career-advice\/\">\r\n                            Time to scrap \u201cfollow your passion\u201d career advice?                        <\/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\/02\/22\/time-to-scrap-follow-your-passion-career-advice\/\" 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\/02\/22\/time-to-scrap-follow-your-passion-career-advice\/')\">\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\/02\/22\/time-to-scrap-follow-your-passion-career-advice\/\">\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=Time to scrap \u201cfollow your passion\u201d career advice?&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/time-to-scrap-follow-your-passion-career-advice\/\">\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\/02\/22\/time-to-scrap-follow-your-passion-career-advice\/&title=Time to scrap \u201cfollow your passion\u201d career advice?\">\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=Time+to+scrap+%E2%80%9Cfollow+your+passion%E2%80%9D+career+advice%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Ftime-to-scrap-follow-your-passion-career-advice%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\/02\/22\/time-to-scrap-follow-your-passion-career-advice\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/492.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"564711\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/time-to-scrap-follow-your-passion-career-advice\/492-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/492.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"492.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/492.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/492.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564710\" class=\"content-area-description single-story post-564710 post type-post status-publish format-standard has-post-thumbnail hentry category-life-arts tag-enterprisepm tag-human-resources tag-life-arts tag-lifestyle wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>\u201cDo what you love and you\u2019ll never work a day in your life\u201d they said <\/strong><strong>(Ba-humbug): <\/strong>This piece of ubiquitous and well intentioned advice has recently come under scrutiny, with HR and career specialists <a href=\"https:\/\/www.forbes.com\/sites\/forbestechcouncil\/2020\/11\/06\/is-follow-your-passion-bad-career-advice\/?sh=a9f0e304819c\">urging people to scrap the age old adage<\/a> in favour of a more pragmatic approach. We\u2019ve all seen and heard the stories of people turning their passion projects into successful businesses and careers. If you\u2019re one of those people, amazing, count yourself lucky.<\/p>\n<p><strong>But needless to say, it doesn\u2019t always work out that way. <\/strong>And the expectation that we should find passion, inspiration and fulfillment in the workplace may be driving us to expect too much of ourselves, and causing us to miss out on finding those things in other parts of our lives.<\/p>\n<p><strong>Work Won\u2019t Love You Back: <\/strong>Or so Sarah Jaffe argues in her new <a href=\"https:\/\/bit.ly\/2Ny5vbz\">book of the same name<\/a>, in which she claims that our excessive devotion to our jobs can leave us open to exploitation, exhaustion, and mental health issues. A <a href=\"https:\/\/www.forbes.com\/sites\/bryanrobinson\/2019\/11\/06\/what-job-illness-do-the-most-accomplished-women-have-in-common\/?sh=b23c7f22d897\">2019 University of Montreal study<\/a> found that 75% of workers experience burnout, with women being disproportionately more affected. But the refrain that we should love our jobs is so drilled into us, that if we don\u2019t we may feel that there is something wrong with us.<\/p>\n<p><strong>But the idea that work should be enjoyable is a recent advent (<\/strong><strong><a href=\"https:\/\/www.wired.com\/story\/how-silicon-valley-ruined-work-culture\/\">thanks, tech bros<\/a><\/strong><strong>), a variation of the ancient idea of having a \u201ccalling<\/strong>,\u201d and not one to which everyone is suited. So much of our self-worth is wrapped up in our jobs and careers, that we often find it difficult to anchor ourselves to other sources of purpose and satisfaction.<\/p>\n<p><strong>Covid-19\u2019s effect on work has been double edged<\/strong>, allowing many to work from home and take stock of what a reasonable work-life balance means for them, but throwing many others\u2019 jobs into precarity. Zero hours contracts, freelance work, and <a href=\"https:\/\/medium.com\/swlh\/should-work-be-fun-3d0078dd0950\">the gig economy<\/a> are work structures that have emerged and are sustained partly by the idea that we should do what we love; whether accepting underpaid freelance projects because we love what we do, or taking on temporary gigs to pay the bills and support our true passion on the side.<\/p>\n<p><strong>But what\u2019s wrong with loving what you do? <\/strong>Absolutely nothing, and people should strive for some degree of satisfaction in their jobs so that it doesn\u2019t end up feeling like drudgery.<\/p>\n<p><strong>That having been said, follow your passion can be bad advice for a number of other reasons. <\/strong>First off, not all of us have a passion, and in some cases it is more productive to dive headfirst into something you\u2019re not good at and gain satisfaction through minor successes than to wait for inspiration to strike. Turning your passion into a career may also not be the best idea if you want to keep enjoying it, as being obligated to do what you once did voluntarily can take the joy out of it. The fallacy that every job must be fulfilling also denigrates the millions of jobs that may not be the most creative but that are integral to keep society functioning, the shopkeepers and accountants and transport operators and postal workers that keep the everyday cogs oiled and turning.<\/p>\n<p><strong>So what\u2019s to be done?<\/strong> There\u2019s a fine balance to be struck <a href=\"https:\/\/www.forbes.com\/sites\/michalbohanes\/2018\/07\/05\/following-your-passion-is-dead-heres-what-to-replace-it-with\/?sh=3df91437f832\">between passion and pragmatism<\/a>, and one has to decide whether they are happy to merge their passion and work or whether they would rather keep them seperate, using one to fuel or feed into the other. Developing a passion, rather than finding one \u2014 by cultivating and learning valuable skills that will then allow you to make a profit \u2014 is another alternative. Reshaping the structure of work can also help us find more satisfaction, joining a union for example, or pushing for shorter working hours, or taking a proper lunch break and going for a walk. Whatever path we choose to take, being able to shift to a society that is not emotionally organized around work is the ultimate goal.<\/p>\n<p><strong>For more: <\/strong>The School of Life has this excellent video on the <a href=\"https:\/\/www.youtube.com\/watch?v=cKnSMCjzmco\">history of work<\/a>, and <a href=\"https:\/\/www.youtube.com\/watch?v=veriqDHLXsw\">another<\/a> with some useful suggestions for how to find (or resist the urge to find) fulfilling work.<\/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\/human-resources\/\">Human resources<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/life-arts\/\">LIFE &amp; ARTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lifestyle\/\">lifestyle<\/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=\"564712\" 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=\"564712\">\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\/02\/22\/climate-stocks-are-overheating\/\">\r\n                            Climate stocks are overheating                        <\/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\/02\/22\/climate-stocks-are-overheating\/\" 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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Companies are now valued at 41x their projected profits.<\/p>\n<p><strong>By comparison:<\/strong> Blue chip US companies have gained 16% over the past 12 months.<\/p>\n<p><strong>This is all looking pretty frothy:<\/strong> \u201cI think we're 100% in a green bubble,\u201d said Gordon Johnson, CEO of GLJ Research. \u201cPretty much every solar company I cover, their numbers got worse and the stock, like, tripled . . . This is not normal.\u201d<\/p>\n<p><strong>Day traders like the solar stocks:<\/strong> US solar firm SunPower has seen its share price surge after retail traders bought into the stock \u2014 a play against hedge funds that have shorted the company. And Orsted \u2014 Denmark\u2019s largest energy company \u2014 has seen its share value triple in the past three years despite only seeing small profit growth.<\/p>\n<p><strong>This is partly being driven by policymakers<\/strong>, which over the past year have doubled down on commitments to reduce emissions and focus on a green-led economic recovery from the pandemic. The Biden administration has said it is aiming for the US economy to reach <a href=\"https:\/\/joebiden.com\/climate-plan\/\">net-zero emissions by 2050<\/a> while China has pledged to become <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2020-11-22\/china-s-2060-climate-pledge-inside-xi-jinping-s-secret-plan-to-end-emissions?sref=mmeFTDW1\">carbon neutral by 2060<\/a>.<\/p>\n<p><strong>But also by central banks:<\/strong> The tns of USD in liquidity deployed by central banks last year has caused asset prices everywhere to spike, leading investors and economists to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4021f4b0-6470-4102-bd4a-702b72ef33a7\">warn<\/a> that the frenzied buying activity is pushing financial markets into bubble territory.<\/p>\n<p><strong>This may lend credence to oil majors' concerns that non-financial renewable assets are getting more expensive<\/strong>. Total CEO Patrick Pouyann\u00e9 had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ae434fa-9250-41b6-b415-0736a36335d7\">said last week<\/a> that renewables assets were overvalued, often getting up to 25x earnings.<\/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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-economy\/\">Green Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"564714\" 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\/02\/22\/your-essential-business-calendar-on-22-february-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-564714\" class=\"content-area-description single-story post-564714 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>February: France\u2019s finance minister, Bruno Le Maire, is set to visit Egypt.<\/p>\n<p>21-25 February (Sunday-Thursday): <a href=\"https:\/\/www.gulfood.com\/\">Gulfood 2021<\/a> \u2014 the world\u2019s largest food and beverage exhibition \u2014 takes place at the Dubai World Trade Center.<\/p>\n<p>21-25 February (Sunday-Thursday): Russian nuclear energy company <a href=\"https:\/\/www.rosatom.ru\/en\/\">Rosatom<\/a> is hosting a <a href=\"https:\/\/www.zawya.com\/mena\/en\/press-releases\/story\/Rosatom_launches_first_Science_Festival_Week_in_Egypt-ZAWYA20210222051914\/\">Science Festival Week<\/a> that will take place at the Russian Centre for Science and Culture in both Cairo and Alexandria.<\/p>\n<p>22-24 February (Monday-Wednesday): <a href=\"https:\/\/arabstates.gltn.net\/second-arab-land-conference\/\">Second Arab Land Conference<\/a> on land management, efficient land use, among other topics.<\/p>\n<p>22 February- 5 March (Monday-Friday) Egypt will host the World Shooting Championship in 6 October\u2019s Shooting Club, with 31 countries set to participate<\/p>\n<p>26 February (Thursday): The <a href=\"http:\/\/afrofuturesummit.com\/\">Afro Future Summit<\/a> will take place virtually.<\/p>\n<p>26-28 February (Thursday-Saturday): The second edition of the <a href=\"https:\/\/tinyurl.com\/sphx25gq\">Egypt International Art Fair<\/a>will be held at Dusit Thani Lakeview Cairo.<\/p>\n<p>27 February (Saturday): Mid-year school break ends for public schools and universities.<\/p>\n<p>28 February (Sunday): <a href=\"https:\/\/bit.ly\/3r7mvE7\">Deadline<\/a> for businesses, sole traders, and those generating income from sources other than their day job to file wage tax returns through the electronic filing system.<\/p>\n<p>March: Potential visit to Cairo by Russian President Vladimir Putin.<\/p>\n<p>March: CBE \/ FRA fintech \u201cinnovation sprint.\u201d<\/p>\n<p>1 March: Eastern Mediterranean Gas Forum comes into effect.<\/p>\n<p>1-5 March (Monday-Friday): <a href=\"https:\/\/www.aswanforum.org\/\">Aswan Forum for Peace and Development<\/a> will take place virtually.<\/p>\n<p>4 March (Thursday): OPEC+ meeting.<\/p>\n<p>4-6 March (Thursday-Saturday): <a href=\"https:\/\/www.cairofashiontex.com\/\">Cairo Fashion & Tex<\/a> trade show, Cairo International Convention Centre, Cairo, Egypt<\/p>\n<p>8 March (Monday): The <a href=\"https:\/\/www.idc.com\/mea\/events\/67992-idc-future-of-work#category_10\">IDC Future of Work Egypt<\/a> conference will be held virtually featuring experts from Egypt and Jordan.<\/p>\n<p>9-11 March (Tuesday-Thursday): EduGate 2021 \u2013 Enter The Future conference, Kempinski Royal Maxim Hotel, Cairo, Egypt.<\/p>\n<p>18 March (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>23 March (Tuesday): The second edition of the <a href=\"https:\/\/tinyurl.com\/vf98kbgf\">Egypt Retail Summit<\/a> takes place at the Nile Ritz Carlton hotel.<\/p>\n<p>25-27 March (Thursday-Saturday): The Union of Arab Banks holds <a href=\"https:\/\/bit.ly\/3dAbK9R\">a forum on compliance and combating financial crime<\/a>, Sharm El Sheikh.<\/p>\n<p>25-27 March (Thursday-Saturday): <a href=\"https:\/\/www.therealgate.com\/visit\/register-your-interest-to-visit\/\">The Real Gate real estate exhibition<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>31 March (Wednesday): Deadline to visit the moroor and get an RFID sticker affixed to your car\u2019s windshield \u2014 or run afoul of the Traffic Police.<\/p>\n<p>1-3 April (Thursday-Saturday): <a href=\"http:\/\/hvacregypt.com\/\">HVAC-R Egypt Expo<\/a>.<\/p>\n<p>8-10 April (Thursday-Saturday): The TriFactory\u2019s Endurance Festival at Somabay.<\/p>\n<p>13 April (Monday): First day of Ramadan (TBC).<\/p>\n<p>25 April (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC),<\/p>\n<p>29 April (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1 May (Saturday): Labor Day (national holiday).<\/p>\n<p>2 May (Sunday): Easter Sunday.<\/p>\n<p>3 May (Monday): Sham El Nessim.<\/p>\n<p>13-15 May (Thursday-Saturday): Eid El Fitr (TBC).<\/p>\n<p>25-28 May (Tuesday-Friday): The World Economic Forum annual meeting, Singapore.<\/p>\n<p>1 June (Tuesday): The IMF will conduct a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>7 June-9 June (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>17 June (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>24 June (Thursday): End of the 2020-2021 academic year (public schools).<\/p>\n<p>26-29 June (Saturday-Tuesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/?utm_source=Adestra&utm_medium=email&CID=003D000002UIHn4IAH&utm_campaign=Egyp%5Bt%20postponement%20generic%20exp%20visp&utm_term&utm_content=7014G000001cG3zQAE&CNAME=Enterprise\">The Big 5 Construct Egypt<\/a>, Cairo International Convention Center, Cairo, Egypt.<\/p>\n<p>30 June (Wednesday): 30 June Revolution Day.<\/p>\n<p>1 July: (Thursday): National holiday in observance of 30 June Revolution.<\/p>\n<p>30 June- 15 July: National Book Fair.<\/p>\n<p>1 July (Thursday): Large taxpayers that have not yet signed on on to the e-invoicing platform <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61c78b1b-ec60-46e8-9760-c995c81f34b9\">will suffer a host of penalties<\/a>, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>19 July (Monday): Arafat Day (national holiday).<\/p>\n<p>20-23 July (Tuesday-Friday): Eid Al Adha (national holiday)<\/p>\n<p>23 July (Friday): Revolution Day (national holiday).<\/p>\n<p>5 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>9 August (Monday): Islamic New Year.<\/p>\n<p>12 August (Thursday): National holiday in observance of the Islamic New Year.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 September-2 October (Thursday-Saturday): <a href=\"https:\/\/www.egypt-projects.com\/\">Egypt Projects 2021<\/a> expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>1 October (Friday): <a href=\"https:\/\/www.expo2020dubai.com\">Expo 2020 Dubai<\/a> opens.<\/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>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): <a href=\"https:\/\/ukcop26.org\/\">2021 United Nations Climate Change Conference<\/a> (COP26), Glasgow, United Kingdom.<\/p>\n<p>13-17 December: <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/396604\/Egypt\/Politics-\/Egypt-to-host-UN-anticorruption-conference-in-.aspx\">United Nations Convention against Corruption<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>27 June - 3 July 2022 (Monday-Sunday): <a href=\"https:\/\/www.insidethegames.biz\/articles\/1103867\/fisu-world-university-squash-new-giza\">World University Squash Championships<\/a>, 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":564702,"template":"","categories":[],"tags":[],"class_list":["post-564701","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6627e148-c2e2-4bbd-840d-2a116de967b6","teaser":"","photo_url":"https:\/\/ent.news\/2021\/2\/489.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 300k jabs of Sinopharm vaccine arriving tonight - 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-300k-jabs-of-sinopharm-vaccine-arriving-tonight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise 300k jabs of Sinopharm vaccine arriving tonight\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-300k-jabs-of-sinopharm-vaccine-arriving-tonight\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T04:38:42+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/489.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-300k-jabs-of-sinopharm-vaccine-arriving-tonight\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-300k-jabs-of-sinopharm-vaccine-arriving-tonight\/\",\"name\":\"Enterprise 300k jabs of Sinopharm vaccine arriving tonight - 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