{"id":565037,"date":"2021-03-15T14:00:10","date_gmt":"2021-03-15T14:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=565037"},"modified":"2025-12-16T04:48:08","modified_gmt":"2025-12-16T04:48:08","slug":"enterprise-taaleem-gets-green-light-to-issue-price-range-release-for-its-ipo-rather-than-cutting-straight-to-the-final-price","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-taaleem-gets-green-light-to-issue-price-range-release-for-its-ipo-rather-than-cutting-straight-to-the-final-price\/","title":{"rendered":"Enterprise Taaleem gets green light to issue price range release for its IPO rather than cutting straight to the final price"},"content":{"rendered":"<section id=\"565039\" 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=\"565039\">\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\/03\/15\/what-were-tracking-on-15-march-2020\/\">\r\n                            What we\u2019re tracking on 15 March 2020                        <\/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\/03\/15\/what-were-tracking-on-15-march-2020\/\" 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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That limited the ability of investment bankers to explore investor appetite within defined band before pricing a company\u2019s shares.<\/p>\n<p><strong>HAPPENING NOW- Proposed changes to the Bankruptcy Act are one step closer to <\/strong><strong>becoming law <\/strong>after the House gave initial approval to the amendments, which open more avenues for struggling borrowers to settle with lenders before filing for bankruptcy. The law passed in a plenary session this afternoon, <a href=\"https:\/\/bit.ly\/3vrHpRd\">Youm7<\/a> reports. The changes now make their way to Maglis El Dawla (the State Council) for one last legal review before getting a final vote, after which they will need to be ratified by the president. Alongside giving struggling companies access to loans from certain authorized banks to help avoid bankruptcy, the changes also allow creditors to vote on whether their debtors can continue operating, be placed into administration or liquidate their assets, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e93f408b-e633-4d62-b665-f13b50eaa07f\">among other things<\/a>.<\/p>\n<p><strong>Also approved by MPs today: <\/strong>A <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03c8bdc6-d133-43b4-9496-34fb2f55be97\">recent agreement<\/a> with the French Development Agency to <a href=\"https:\/\/bit.ly\/30HhN4Z\">support teaching French<\/a> in public schools.<\/p>\n<p><strong>CATCH UP QUICK <\/strong>on the top stories from today\u2019s issue of EnterpriseAM:<\/p>\n<ul>\n<li><strong>Outdoor concerts and plays are okay nationwide, but churches in Qena are <\/strong><strong>closing down<\/strong> through 3 April as covid-19 spreads in the governorate. Meanwhile, the hope is now that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b61a68f-0c3a-4551-9600-189a03070e9b\">the first 6 mn of 8.6 mn AstraZeneca jabs we\u2019ve ordered<\/a> will arrive by the end of the month.<\/li>\n<li><strong>Egypt will be back <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3fd136c3-bbdd-4838-8e29-2717a1ff5eea\">near pre-pandemic growth rates<\/a><\/strong> by next year, according to the latest report by the African Development Bank, but challenges remain.<\/li>\n<li>The Sisi administration is pushing ahead with for an <strong>EGP 100 bn program to offer <\/strong><strong>30-year financing at a subsidized rate<\/strong> for low- and middle-income earners <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/807a0ce0-3a30-4c13-a215-c7d0458b5d1f\">who want to buy a home<\/a>.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD: It\u2019s interest rate week. <\/strong>The <strong>US<\/strong> Federal Reserve starts a two-day meeting of its Federal Open Markets Committee tomorrow. Observers see the Fed <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2B41C2\">leaving rates on hold<\/a> through 2023, though some are anticipating a hike as early as 2022. The <strong>UK and Norway<\/strong> are also expected to leave rates unchanged \u2014 despite rising borrowing costs \u2014 at their central bank meetings this week, while <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-14\/rate-hike-bets-offer-cushion-after-emerging-market-currency-rout?sref=mmeFTDW1\">EM economies<\/a> including <strong>Turkey and Brazil <\/strong>are seen raising rates to rein in inflation and prop up their currencies. But rate increases could <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-14\/rate-hikes-are-coming-to-emerging-markets-with-debt-at-records?sref=mmeFTDW1\">hurt EM economics with a high foreign debt bill<\/a>, with developing world debt rising to more than 250% of borrowing countries\u2019 combined GDPs last year<\/p>\n<p><strong>The Central Bank of Egypt meets on Thursday<\/strong>, with all 12 analysts <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e93cbb9-79ef-4b1d-807b-d74d1637b427\">we spoke with for our<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e93cbb9-79ef-4b1d-807b-d74d1637b427\">regular poll<\/a> saying they think the Monetary Policy Committee will leave rates on hold, accounting for a possible uptick in inflation due to a commodities boom and potential EM outflows as investors are lured away by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c6fb4fa-12c9-45d0-b904-242cb9d1c66d\">rising US treasury yields<\/a>.<\/p>\n<p><strong>SIGN OF THE TIMES- The pandemic is turning CEOs into vaccine activists in a bid to <\/strong><strong>return to the office<\/strong>, with some granting paid leave and financial incentives to employees who get the jab, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-15\/ceos-become-vaccine-activists-as-back-to-office-push-grows\">Bloomberg<\/a> reports. In many US states, an employer can fire an employee for refusing to comply with a vaccine mandate, but the UK government has stated that while it\u2019s up to businesses to determine immunization policies for their workforces, insisting that staff get jabbed could be discrimination, the <a href=\"https:\/\/www.bbc.com\/news\/business-56113366\">BBC<\/a> reports. As the legality of requiring vaccination is challenging, CEOs of major companies like Nestle, Danone and Unilever are opting for persuasion instead, using the company-wide townhalls to promote vaccination.<\/p>\n<p><strong>Some corporate chieftains are taking a harder line: <\/strong>United Airlines CEO Scott Kirby said he wanted to make vaccination a requirement for the company\u2019s 60k employees, and that other companies should follow suit, <a href=\"https:\/\/www.cnbc.com\/2021\/01\/22\/united-airlines-ceo-wants-to-make-covid-vaccines-mandatory-for-its-employees.html\">CNBC<\/a> reports. UK-based handyman firm Pimlico Plumbing has said \u201cno jab, no job\u201d on new contracts, the <a href=\"https:\/\/www.bbc.com\/news\/business-56113366\">BBC<\/a> reports.<\/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 TOMORROW-<\/strong> <strong>Talk about blockchain, AI and more with TEDx speaker <\/strong><strong><a href=\"https:\/\/www.patrickschwerdtfeger.com\/\">Patrick<\/a><\/strong><strong><a href=\"https:\/\/www.patrickschwerdtfeger.com\/\">Schwerdtfeger<\/a><\/strong> at an AmCham event that will look at how the business community can reposition in a world undergoing rapid technological change. You can register for the event <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-paid-registration\/1348\">here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Photopia\u2019s <\/strong><strong><a href=\"http:\/\/bit.ly\/3qeZi2a\">Cairo Photo Week 2021<\/a><\/strong><strong> is up and running until 20 March<\/strong>. The photo festival features over 100 activities including workshops, panels, photo challenges, exhibitions, portfolio reviews and photo walks throughout the week, all led by more than 80 local and international photographers. You can check out the event program on <a href=\"https:\/\/www.photopiacairo.com\/cairophotoweek-2021?fbclid=IwAR1VINWsHs0sOu3TMtc8ylAWapzWrTthzPq_f0xf6tF5q2zjqh6I0KszU-k\">Photopia\u2019s website<\/a>, there\u2019s plenty to look at on the group\u2019s Instagram feed <a href=\"https:\/\/www.instagram.com\/cairophotoweek\/?hl=en\">@cairophotoweek<\/a>, and both physical and virtual tickets are available <a href=\"https:\/\/ticketing.eventtus.com\/y5flju015b0uv2qe11v8twbfvxdd7hs5\/tickets?fbclid=IwAR2TtnBFF17ilmZhScxWpLXXXQR2nK7zxjFkXDmk0Cfh1J17Da7dm2MLEpk\">here<\/a>.<\/p>\n<p><strong>AUC Press\u2019s <\/strong><strong><a href=\"http:\/\/bit.ly\/3rl944d\">Mad March<\/a><\/strong><strong> book sale will be ongoing for the rest of the month. <\/strong>The sale is open to the general public every day from 10am\u20136pm CLT at AUC Tahrir Bookstore & Garden.<\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>The UAE is following our FRA\u2019s lead as it mandates that every listed company have at <\/strong><strong>least one female director<\/strong>, according to <a href=\"https:\/\/www.thenationalnews.com\/business\/markets\/all-listed-uae-companies-now-need-at-least-one-female-board-director-1.1184004\">The National<\/a>. Just 28 of 110 listed companies in the UAE have women on their boards \u2014 and women account for just 3.5% of all serving board members, according to data from <a href=\"https:\/\/aurora50.com\/\">Aurora50<\/a>. <strong>Our FRA <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87db7c53-8836-44fe-8114-5a784989d4ee\">mandated<\/a><\/strong><strong> that all EGX-listed companies have a woman on their board <\/strong>by the end of 2020. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fda287e7-5aec-4eb7-952a-e7ce22c88588\">65% of companies<\/a> were in compliance.<\/p>\n<p><strong>More asset managers are sounding the alarm on greenwashing oil firms, <\/strong>including <a href=\"https:\/\/www.linkedin.com\/in\/lauri-vaittinen-b2a1a12\/?originalSubdomain=fi\">Lauri<\/a><a href=\"https:\/\/www.linkedin.com\/in\/lauri-vaittinen-b2a1a12\/?originalSubdomain=fi\">Vaittinen<\/a>, the CEO of newly the created USD 29 bn asset management arm of Mandatum, who told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-15\/big-oil-selling-esg-bonds-gets-called-out-by-29-billion-manager?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> the firm will opt out of buying ESG products sold by corporations that aren\u2019t clean across their balance sheets. Vaittinen\u2019s comments come a week after the EU <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b225e3cd-c970-4165-b9a8-5be6977b8a76\">imposed new regulations<\/a> to crack down on greenwashing \u2014 meaning companies that promote misleading claims about ESG credentials in a bid to attract investors.<\/p>\n<p><strong>Electric vehicle startups are forecasting record-setting revenue growth<\/strong>, with top players now listed on global stock markets or in the process of going public by merging with SPACs, writes <a href=\"https:\/\/www.wsj.com\/articles\/electric-vehicle-startups-promise-record-setting-revenue-growth-11615800602?mod=hp_lead_pos5\">The Wall Street Journal<\/a>. EV makers <a href=\"https:\/\/www.ff.com\/\">Faraday Future<\/a>, <a href=\"https:\/\/arrival.com\/\">Arrival Group<\/a>, and <a href=\"https:\/\/www.fiskerinc.com\/\">Fisker<\/a> have all disclosed plans to surpass the USD 10 bn revenue mark within three years of launching sales and production \u2014 compare this to Google needing eight years to reach the same figure. The EV frenzy has been fueled by the shift away from gas-powered cars, and Tesla\u2019s success only added to entrepreneurs\u2019 confidence. <strong>The lofty valuations have caused some analysts to say the forecasts are unrealistic <\/strong>and need \u201chaircuts.\u201d<\/p>\n<p><strong>Crypto could be banned <\/strong>in India as the country gears up to discuss a law that would ban the currency and fine anyone found trading or holding crypto assets, a senior government official told <a href=\"https:\/\/www.reuters.com\/article\/us-india-cryptocurrency-ban\/india-to-propose-cryptocurrency-ban-penalising-miners-traders-source-idUSKBN2B60R0\">Reuters<\/a>. The bill would criminalise possession, issuance, mining, trading and transferring crypto assets in a potential blow to the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99d124f3-00fd-4a55-acc9-066d67a4a727\">red-hot asset class<\/a>. Holders of cryptocurrencies would be given up to six months to liquidate their positions. Roughly 8 mn investors hold around USD 1.4 bn in crypto-investments in India, experts tell <a href=\"https:\/\/www.cnbc.com\/2021\/03\/15\/india-plans-cryptocurrency-ban-will-penalize-miners-and-traders.html\">CNBC<\/a>. <strong>The move would make India the first jurisdiction to full-out ban crypto currency<\/strong>; even China bans only trading and mining, not possession.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p>(All times in CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Abla Fahita, Egypt\u2019s favorite puppet, makes her Netflix debut today in the show Drama <\/strong><strong>Queen. <\/strong>Season one of the show finds Abla falsely accused of a crime and separated from her daughter Caro and her son Boudi. The show marks the character\u2019s first scripted series following her popularity in Abla Fahita: Live from the Duplex. <strong>Tap or click here to see the official trailer <\/strong>(<a href=\"https:\/\/www.youtube.com\/watch?v=jG8DGhEUed4\">watch, runtime: 2:16<\/a>).<\/p>\n<p><strong>The Grammys took place last night. <\/strong>The largely virtual event was hosted by Daily Show anchor Trevor Noah and is being celebrated for showcasing female talent as artists including Billie Eilish, Megan Thee Stallion and Taylor Swift cleaned up at the show. Beyonce snagged her 28th Grammy, tying her with Quincy Jones for the most-awarded singer.<\/p>\n<p><strong>Among those taking home hardware last night: <\/strong><\/p>\n<ul>\n<li><strong>Everything I Wanted<\/strong> by Billie Eilish won record of the year while No Time to Die won best song written for visual media.<\/li>\n<li>Taylor\u2019s Swift\u2019s <strong>Folklore <\/strong>won album of the year.<\/li>\n<li>Dua Lipa\u2019s <strong>Future Nostalgia<\/strong> was given the award for best pop vocal album.<\/li>\n<li><strong>Megan Thee Stallion<\/strong> won best new artist.<\/li>\n<li><strong>Bubba <\/strong>by Kaytranada won best dance\/electronic album.<\/li>\n<li><strong>Stay High<\/strong> by Brittany Howard was awarded the best rock song trophy.<\/li>\n<li><strong>The New Abnormal<\/strong> by The Strokes won best rock album.<\/li>\n<\/ul>\n<p><strong>You can check out the full list of nominees and prizewinners on the <\/strong><strong><a href=\"https:\/\/www.grammy.com\/grammys\/news\/2021-grammys-complete-winners-nominees-list\">Grammy website<\/a><\/strong>. The <a href=\"https:\/\/www.nytimes.com\/live\/2021\/03\/14\/arts\/live-grammy-awards\">New York Times<\/a> has coverage, while <a href=\"https:\/\/www.rollingstone.com\/music\/music-news\/cardi-b-megan-thee-stallion-wap-2021-grammys-1139295\/\">Rolling Stone<\/a> thinks you should watch Megan Three Stallion and Cardi B perform \u201cWAP\u201d for the event.<\/p>\n<p><strong>Football has died down a bit after yesterday\u2019s flurry of matches. <\/strong>National Bank will face off with Al Ittihad at 5pm in the Egyptian Premier League. Abroad, you can catch Wolves against Liverpool at 10pm in the English Premier League, while Barcelona play Huesca in La Liga at 10pm.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Get ahead of Mother\u2019s Day with these cool food options: <\/strong><a href=\"https:\/\/www.gourmetegypt.com\/\">Gourmet<\/a> has put together a special cookie decorating kit for Mother\u2019s Day that comes with an assortment of icing, sprinkles, and cookies shaped to read I \u2665\ufe0f MOM. You could decorate them and give them to mama as a surprise or make it a bonding activity you can do together. Gourmet\u2019s Instagram page (<a href=\"https:\/\/www.instagram.com\/gourmetegypt\/?hl=en\">@gourmetegypt<\/a>) has some decoration inspiration you can use to get creative. Meanwhile, <a href=\"https:\/\/www.instagram.com\/sunrise_tray\/?hl=en\">Sunrise Tray<\/a> has perfectly put together Mother\u2019s Day trays so you can serve mom breakfast in bed along with that \u201cWorld\u2019s Best Mom\u201d mug you just picked up. Choose from their tray menu or customize your own, but you need to place an order three days in advance.<\/p>\n<p><strong>PSA- Egyptian mother\u2019s day is on Sunday, 21 March. <\/strong>The day is observed on Sunday, 9 May in Canada and the United States. <strong>Are you a Brit? <\/strong>You\u2019re already a day late \u2014 give Mom a ring now, as yesterday was mother\u2019s day.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p>(All times in CLT)<\/p>\n<p><strong>It\u2019s poetry night at El Sawy Culture Wheel<\/strong>, with Mohamed Ali, Mohamed Samir and Mina Nader set to recite and sing their poems at <a href=\"https:\/\/www.culturewheel.com\/en\/events\/WKVxMANxd6\">9pm<\/a>.<\/p>\n<p><strong>The Darkroom Cairo is holding an <\/strong><strong><a href=\"http:\/\/bit.ly\/3tklGJj\">astrophotography workshop<\/a><\/strong><strong> in <\/strong><strong>Baharia<\/strong><strong> Oasis this <\/strong><strong>weekend, <\/strong>from 19-20 March focusing on how to make images of the night sky using film photography. The event is organized in collaboration with <a href=\"http:\/\/bit.ly\/3eChL6z\">El Heiz observatory<\/a> and you will have to bring your own film SLR camera and tripod; film will be provided.<\/p>\n<p><strong>A<\/strong><strong> gala at Abdeen Palace on 20 March<\/strong> will include professional portraits by Beit El Sura founder Ahmed Hayman, a tour around the palace, and a food reception that includes live music. You can check out the event on the <a href=\"https:\/\/instagram.com\/events.around.egypt?igshid=1q14fjmjar9ws\">Instagram page<\/a> of Events around Egypt, which is organizing the gathering on behalf of the Tourism Ministry.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Can big companies still create a startup culture?<\/strong> <a href=\"https:\/\/amzn.to\/3vzDZfA\">The Startup Way<\/a> by Eric Ries lays out a system of entrepreneurial management that he says will allow businesses of all sizes and from every industry find a path to sustainable growth and long-term impact by changing the firms\u2019 culture.<\/p>\n<hr class=\"grey-line\">\n<p>? <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect daytime highs of 25\u00b0C and lows of 12\u00b0C tomorrow, according to our favorite weather app.<\/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\/bankruptcy-act\/\">Bankruptcy Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            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TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565040\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 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data-block-id=\"3ihqjun\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-3ihqjun-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-3ihqjun-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\/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-wjya1x5\" data-v=\"4\" data-block-id=\"wjya1x5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-wjya1x5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-wjya1x5-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\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa 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text-center\">\r\n                    <div class=\"index-number\">2<\/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\/03\/15\/egytrans-conditionally-approves-hassan-allam-utilities-purchase-offer\/\">\r\n                            Egytrans conditionally approves Hassan Allam Utilities purchase offer                        <\/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 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      <!-- <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=Egytrans conditionally approves Hassan Allam Utilities purchase offer&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/egytrans-conditionally-approves-hassan-allam-utilities-purchase-offer\/\">\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\/03\/15\/egytrans-conditionally-approves-hassan-allam-utilities-purchase-offer\/&title=Egytrans conditionally approves Hassan Allam Utilities purchase offer\">\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=Egytrans+conditionally+approves+Hassan+Allam+Utilities+purchase+offer+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F15%2Fegytrans-conditionally-approves-hassan-allam-utilities-purchase-offer%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\/03\/15\/egytrans-conditionally-approves-hassan-allam-utilities-purchase-offer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565041\" class=\"content-area-description single-story post-565041 post type-post status-publish format-standard hentry category-speed-round-ma-watch tag-egytrans tag-enterprisepm tag-hassan-allam-holding tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Transport player Egytrans has conditionally accepted an offer submitted by HA Utilities <\/strong><strong>Holding (HAUH) last week<\/strong> to acquire a controlling stake in the company via a reverse merger, the listed company said in a <a href=\"https:\/\/ent.news\/2021\/3\/Egytrans-15-March-2021.pdf\">regulatory filing (pdf).<\/a> The company\u2019s board \u201ccarefully reviewed the proposal and unanimously concluded that the proposal merits further review,\u201d Egytrans chairperson and managing director Abir Leheta said in a <a href=\"https:\/\/ent.news\/2021\/3\/Egytrans-EN-converted.pdf\">statement (<\/a><a href=\"https:\/\/ent.news\/2021\/3\/Egytrans-EN-converted.pdf\">pdf<\/a><a href=\"https:\/\/ent.news\/2021\/3\/Egytrans-EN-converted.pdf\">)<\/a>.<\/p>\n<p><strong>How <\/strong><strong>Egytrans sees the partnership: <\/strong>\u201cThis potential partnership aligns with Egytrans\u2019 ambitious strategy of expansion\u201d into Africa, Leheta said. The company will open talks with HAUH to get a clearer idea of the latter\u2019s vision and value contribution to the proposed partnership while also mapping out potential operational synergies.<\/p>\n<p><strong>The story so far:<\/strong> HAUH last week submitted a non-binding offer to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e91a2e0-f802-4152-91b0-a6f785045825\">acquire a 65% stake<\/a> in Egytrans via a share swap. The transaction would see Egytrans acquire 100% of one of the company\u2019s subsidiaries and HAUH take a stake in Egytrans. HAUH estimates Egytrans to be worth EGP 375-405 mn based on a EGP 12-13 share price, and said its subsidiary could be valued at EGP 680-800 mn.<\/p>\n<p><strong>What\u2019s next?<\/strong> The approval paves the way for Egytrans to conduct due diligence and a fair value assessment on HAUH. Egytrans has not decided when it will start due diligence on HAU, Leheta told us. Hassan Allam will kick-off its due diligence when Egytrans decides on a date, a company representative told us.<\/p>\n<p><strong>Advisors:<\/strong> Egytrans has appointed Grant Thorton and an unnamed investment bank as its financial advisors, while Matouk Bassiouny & Hennawy will serve as counsel. White & Case will provide counsel to Hassan Allam, but the company declined to disclose who they have tapped as financial advisors.<\/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\/egytrans\/\">EgyTrans<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hassan-allam-holding\/\">Hassan Allam Holding<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565042\" 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=\"565042\">\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\/03\/15\/gsk-egypt-rejects-acdimas-bid-to-start-due-diligence-closing-the-door-to-a-sale\/\">\r\n                            GSK Egypt rejects Acdima\u2019s bid to start due diligence, closing the door to a sale                        <\/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\/03\/15\/gsk-egypt-rejects-acdimas-bid-to-start-due-diligence-closing-the-door-to-a-sale\/\" 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\/03\/15\/gsk-egypt-rejects-acdimas-bid-to-start-due-diligence-closing-the-door-to-a-sale\/')\">\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\/03\/15\/gsk-egypt-rejects-acdimas-bid-to-start-due-diligence-closing-the-door-to-a-sale\/\">\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=GSK Egypt rejects Acdima\u2019s bid to start due diligence, closing the door to a sale&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/gsk-egypt-rejects-acdimas-bid-to-start-due-diligence-closing-the-door-to-a-sale\/\">\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\/03\/15\/gsk-egypt-rejects-acdimas-bid-to-start-due-diligence-closing-the-door-to-a-sale\/&title=GSK Egypt rejects Acdima\u2019s bid to start due diligence, closing the door to a sale\">\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=GSK+Egypt+rejects+Acdima%E2%80%99s+bid+to+start+due+diligence%2C+closing+the+door+to+a+sale+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F15%2Fgsk-egypt-rejects-acdimas-bid-to-start-due-diligence-closing-the-door-to-a-sale%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\/03\/15\/gsk-egypt-rejects-acdimas-bid-to-start-due-diligence-closing-the-door-to-a-sale\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/473.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565043\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/gsk-egypt-rejects-acdimas-bid-to-start-due-diligence-closing-the-door-to-a-sale\/473-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/473.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"473.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/473.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/473.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565042\" class=\"content-area-description single-story post-565042 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-ma-watch tag-aldar-properties tag-alexandria-medical-services tag-enterprisepm tag-glaxosmithkline tag-health tag-hikma-pharma tag-ma-watch tag-pharma tag-real-estate tag-sodic tag-tana-africa-capital 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>GlaxoSmithKline Egypt\u2019s board of directors has rejected a request submitted by Acdima <\/strong><strong>to start due diligence on the company<\/strong>, GSK said in an <a href=\"https:\/\/ent.news\/2021\/3\/GSK-statement-15-03-2021.pdf\">EGX<\/a><a href=\"https:\/\/ent.news\/2021\/3\/GSK-statement-15-03-2021.pdf\">disclosure (pdf)<\/a> this morning following a board meeting Sunday. Acdima submitted the request last week following the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1934c8f6-9bcd-4290-9195-598a2713a15e\">breakdown of talks between GSK and the UK\u2019s Hikma Pharma<\/a>.<\/p>\n<p><strong>This isn\u2019t a surprise:<\/strong> GSK Egypt\u2019s parent company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/890946f1-0590-4d05-a8e7-3114087b0939\">said in a statement on Sunday<\/a> that it was no longer willing to sell its 91.2% stake in the unit, but that the local board would meet Monday to discuss the offer. GSK had previously received separate takeover bids by Acdima and Rameda Pharma but said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff646872-fe4d-42cb-9c86-ab3420e60774\">last month<\/a> that it would focus exclusively on the talks with Hikma Pharma, which fell through last week for unknown reasons.<\/p>\n<p><strong>ON THE BIDDING WAR FOR <\/strong><strong>ALEX MEDICAL-<\/strong><strong> Alexandria Medical Services says it is <\/strong><strong>unaware of a <\/strong><strong>potential takeover bid by a <\/strong><strong>consortium of <\/strong><strong><a href=\"https:\/\/mabaret-alasafra.com\/en\/Home\/Home\">Mabaret Al Asafra Hospitals<\/a><\/strong><strong> and investment firm <\/strong><strong><a href=\"http:\/\/tana-africa.com\/\">Tana Africa Capital<\/a><\/strong>, the company said in an <a href=\"https:\/\/ent.news\/2021\/3\/Alex-new-medical-center-tana-capital.pdf\">EGX disclosure (pdf)<\/a>. The company has not received any information concerning the potential offer, nor has it been contacted by Mabaret Al Asafra or Tana Capital, it said. Reports in the local press <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32464677-86e4-46cf-8bd1-d46f985c44a4\">earlier this week<\/a> had said the two companies planned to submit an offer to acquire 100% of Alex Medical before the end of March. The consortium had reportedly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2f677a9d-e35c-49ee-89a3-2aba218f6d67\">reached out to majority shareholder Abu Dhabi Commercial Bank (ADCB)<\/a> back in January to discuss acquiring its 51.5% stake. ADCB has since <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/31bffded-092f-4f4c-9755-e585392cd8f6\">confirmed<\/a> that it is looking to exit the company.<\/p>\n<p><strong>Another consortium is also <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/595bcf4f-5768-4a09-a61f-639c5b1649b4\">looking to acquire<\/a><\/strong><strong> Alex Medical:<\/strong> Saudi\u2019s Tawasol Holdings (already a 26% shareholder in Alex Medical) and Speed Medical subsidiary Speed Hospitals Company will reportedly offer to purchase the company\u2019s shares at EGP 38.09 apiece.<\/p>\n<p><strong>ALDAR APPOINTS ADVISOR FOR SODIC BID- CI Capital has been tapped by the UAE\u2019s <\/strong><strong>Aldar to advise <\/strong>on its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/65445c53-bf8c-4144-8e37-6daa4e7031c0\">potential bid for a controlling stake<\/a> in real estate developer Sodic, <a href=\"https:\/\/bit.ly\/38EWi9l\">Al Mal<\/a> reports. Aldar has submitted a non-binding offer to acquire at least 51% of Sodic\u2019s shares at EGP 18-19 apiece, valuing the company at a median of EGP 6.6 bn.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alexandria-medical-services\/\">Alexandria Medical Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/glaxosmithkline\/\">GlaxoSmithKline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hikma-pharma\/\">Hikma Pharma<\/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\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tana-africa-capital\/\">Tana Africa Capital<\/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=\"565044\" 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=\"565044\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/taaleem-thinks-its-shares-are-worth-up-to-egp-6-02-apiece\/\">\r\n                            Taaleem thinks its shares are worth up to EGP 6.02 apiece                        <\/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\/03\/15\/taaleem-thinks-its-shares-are-worth-up-to-egp-6-02-apiece\/\" 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\/03\/15\/taaleem-thinks-its-shares-are-worth-up-to-egp-6-02-apiece\/')\">\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\/03\/15\/taaleem-thinks-its-shares-are-worth-up-to-egp-6-02-apiece\/\">\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=Taaleem thinks its shares are worth up to EGP 6.02 apiece&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/taaleem-thinks-its-shares-are-worth-up-to-egp-6-02-apiece\/\">\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\/03\/15\/taaleem-thinks-its-shares-are-worth-up-to-egp-6-02-apiece\/&title=Taaleem thinks its shares are worth up to EGP 6.02 apiece\">\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=Taaleem+thinks+its+shares+are+worth+up+to+EGP+6.02+apiece+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F15%2Ftaaleem-thinks-its-shares-are-worth-up-to-egp-6-02-apiece%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\/03\/15\/taaleem-thinks-its-shares-are-worth-up-to-egp-6-02-apiece\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565044\" class=\"content-area-description single-story post-565044 post type-post status-publish format-standard hentry category-speed-round-ipo-watch tag-ci-capital tag-enterprisepm tag-ipo-watch tag-matouk-bassiouny-hennawy tag-renaissance-capital tag-taaleem 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>Taaleem Management Services has priced its initial public offering on the <\/strong><strong>Egyptian Exchange at EGP 5.48-6.02 per share<\/strong>, according to<a href=\"https:\/\/taaleem.me\/IR\/LI\/Taaleem-Price-Range-Announcement.pdf\">a statement (pdf)<\/a>released this afternoon. The transaction will see about 49% of the company (or some 358 mn shares). The price would give the education outfit \u2014 which would be the second biggest education constituent on the EGX \u2014 a market cap of up to EGP 4.4 bn. The transaction received the sign off of the Financial Regulatory Authority last Thursday, the statement notes.<\/p>\n<p><strong>Who\u2019s selling? <\/strong>The 49% offering comes courtesy of Sphinx Obelisk, a special-purpose vehicle, which will offload s shares in a secondary sale, which will include offerings to both institutional investors in Egypt and abroad as well as retail investors here at home. CI Capital is expected to be among those selling down its position through Sphinx. We <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d960b7cc-4f8e-4111-8b2f-5bac2c4374a6\">previously noted<\/a> that CI Capital, acting as a merchant bank for the first time, and a group of co-investors acquired a 60% stake in Taaleem in 2019 from Thebes Education Management Holdings in an EGP 1.2 bn transaction. Co-investors at the time included StonePine ACE Fund, a JV between StonePine Capital and ACE. Ahmed Badreldin\u2019s RMBV is also a shareholder, having partnered with Taaleem founder Seddik Afifi in 2015. Badreldin is also vice-chairman at Taaleem.<\/p>\n<p><strong>The timeline: <\/strong>The transaction is expected to be completed in 2Q2021 \u201csubject to market conditions\u201d and approvals, the company noted in the statement.<\/p>\n<p><strong>Advisors: <\/strong>CI Capital is sole global coordinator and joint bookrunner while Renaissance Capital and First Abu Dhabi Bank are joint bookrunners. Matouk Bassiouny & Hennawy are domestic counsel to Taaleem and Norton Rose Fulbright are doing international duties. White & Case is local and international counsel to the joint bookrunners.<\/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\/ci-capital\/\">CI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/matouk-bassiouny-hennawy\/\">Matouk Bassiouny &amp; Hennawy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renaissance-capital\/\">Renaissance Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taaleem\/\">Taaleem<\/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=\"565045\" 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=\"565045\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/remittance-inflows-survive-2020-despite-pandemic\/\">\r\n                            Remittance inflows survive 2020 despite pandemic                        <\/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\/03\/15\/remittance-inflows-survive-2020-despite-pandemic\/\" 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\/03\/15\/remittance-inflows-survive-2020-despite-pandemic\/')\">\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\/03\/15\/remittance-inflows-survive-2020-despite-pandemic\/\">\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=Remittance inflows survive 2020 despite pandemic&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/remittance-inflows-survive-2020-despite-pandemic\/\">\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\/03\/15\/remittance-inflows-survive-2020-despite-pandemic\/&title=Remittance inflows survive 2020 despite pandemic\">\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=Remittance+inflows+survive+2020+despite+pandemic+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F15%2Fremittance-inflows-survive-2020-despite-pandemic%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\/03\/15\/remittance-inflows-survive-2020-despite-pandemic\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565045\" class=\"content-area-description single-story post-565045 post type-post status-publish format-standard hentry category-speed-round-economy tag-covid-19 tag-economy tag-enterprisepm tag-foreign-exchange 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>Egypt\u2019s rem<\/strong><strong>ittance inflows defied expectations to grow more than 10% in <\/strong><strong>2020 despite the shock of the pandemic<\/strong>, a trend that may have been fuelled by the return of expats and high-interest savings products offered by banks, analysts tell us. <a href=\"https:\/\/ent.news\/2021\/3\/Remittances-Calendar-Y-2020.pdf\">Central bank data (pdf)<\/a> released today reveals that remittance inflows rose to USD 29.6 bn last year, up 10.5% from the USD 26.8 bn that entered the country in 2019, showing that inflows held up remarkably well despite most of the world plunging into a recession and GCC economies being rocked by the collapse in oil prices. Remittances grew 7% y-o-y to USD 7.5 bn during the fourth quarter of 2020.<\/p>\n<p><strong>Making sense of the numbers: <\/strong>Official numbers show that worker transfers were more or less unscathed by the pandemic. The only time they fell was at the height of the initial wave of the virus in 2Q2020 when much of the world entered some form of lockdown. The drop at the time (by 10% y-o-y to USD 6.21 bn) was swiftly offset by an 11% increase the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9be7866-5adb-4a96-85fa-6f859b1d26a3\">following month<\/a>, and then by solid performance in subsequent quarters (<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d28cf123-7ea0-43f5-a2cb-cb815e16b3db\">here<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a80efc38-b49b-4f60-906a-1d118896b74b\">here<\/a>), despite the ominous predictions offered by economists at the outset of the crisis.<\/p>\n<p><strong>Expats could\u2019ve been returning home with their savings: <\/strong>Remittances are highly correlated with global GDP growth, and the fact they grew despite a worldwide recession can be explained by other factors, possibly that many white- and blue-collar workers either lost their jobs and returned home with their savings or were able to come back and work remotely, Pharos\u2019 head of research Radwa El Swaify tells us. The fact that the EGP remained stable through the worst of the crisis and that the government didn\u2019t introduce a full lockdown made people more confident to reallocate their money back home, she added.<\/p>\n<p><strong>NBE and Banque Misr\u2019s high-interest CDs also played a role: <\/strong>The incentive to save is another factor that helped to stimulate inflows, says Arqaam Capital\u2019s Arqaam Capital\u2019s Noaman Khalid. He suggests the uptick in remittances is a repeat of what we saw in 2016, when <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/07\/cbe-says-remittances-since-flotation-increased-by-19-7-y-o-y-up-23-in-january\/\">inflows surged<\/a> after the central bank hiked interest rates following <a href=\"https:\/\/enterprise.press\/stories\/2016\/11\/04\/so-what-exactly-happened-yesterday\/\">the EGP float<\/a> and banks launched high-interest, three-year CDs. Last year, the National Bank of Egypt and Banque Misr introduced 15% fixed-rate savings certificates to help bolster the financial system, attracting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec2b8fab-2b69-4010-b139-69f85ab44591\">EGP 383 bn in inflows<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/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=\"565046\" 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=\"565046\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/the-market-on-15-march-2021\/\">\r\n                            The market on 15 March 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\/03\/15\/the-market-on-15-march-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/the-market-on-15-march-2021\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/the-market-on-15-march-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The market on 15 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/the-market-on-15-march-2021\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/the-market-on-15-march-2021\/&title=The market on 15 March 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+market+on+15+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F15%2Fthe-market-on-15-march-2021%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/the-market-on-15-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565046\" class=\"content-area-description single-story post-565046 post type-post status-publish format-standard hentry category-go-with-the-flow tag-credit-agricole tag-egypt-kuwait-holding tag-enterprisepm tag-gb-auto tag-go-with-the-flow tag-heliopolis-housing-and-development tag-orascom-financial-holding wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 fell 0.6% at today\u2019s close<\/strong> on turnover of EGP 1.1 bn (25.6% below the 90-day average). Regional investors were net buyers. The index is up 3.48% YTD.<\/p>\n<p><strong>In the green: <\/strong>GB Auto (+3.0%), Eastern Co. (+1.2%) and EKH (+1.0%).<\/p>\n<p><strong>In the red: <\/strong>Orascom Financial (-4.2%), Credit Agricole (-3.7%) and Heliopolis Housing (-3.3%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/credit-agricole\/\">Credit Agricole<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-kuwait-holding\/\">Egypt Kuwait Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gb-auto\/\">GB Auto<\/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\/heliopolis-housing-and-development\/\">Heliopolis Housing and Development<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565047\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565048\" 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=\"565048\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">TECH &amp; CULTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/from-cave-paintings-to-the-cloud\/\">\r\n                            From cave paintings to the cloud                        <\/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\/03\/15\/from-cave-paintings-to-the-cloud\/\" 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\/03\/15\/from-cave-paintings-to-the-cloud\/')\">\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\/03\/15\/from-cave-paintings-to-the-cloud\/\">\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=From cave paintings to the cloud&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/from-cave-paintings-to-the-cloud\/\">\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\/03\/15\/from-cave-paintings-to-the-cloud\/&title=From cave paintings to the cloud\">\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=From+cave+paintings+to+the+cloud+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F15%2Ffrom-cave-paintings-to-the-cloud%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\/03\/15\/from-cave-paintings-to-the-cloud\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/475.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565049\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/from-cave-paintings-to-the-cloud\/475-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/475.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"475.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/475.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/475.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565048\" class=\"content-area-description single-story post-565048 post type-post status-publish format-standard has-post-thumbnail hentry category-tech-culture tag-art tag-digitization tag-enterprisepm tag-history tag-tech-culture 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>How Egyptian art and culture are being archived in the digital age: <\/strong>While the impulse to archive \u2014 to preserve a record of our current reality \u2014 dates back to the cave paintings of prehistoric times, the archive has needed to take on new forms over the centuries by utilising new technologies. Until recently, archiving major cultural items and documents have been the domain of large institutions such as museums or governments, and are therefore not neutral spaces: Those with power write the history. But with the internet, that\u2019s all been done away with.<\/p>\n<p><strong>Today, archives are not an instrument of perpetuating state narratives as much as they <\/strong><strong>are a collective memory bank<\/strong>, writes <a href=\"https:\/\/www.artworkarchive.com\/blog\/disrupting-the-archive-and-why-it-matters-to-history\">Artwork Archive<\/a>. This hivemind can help bring attention to unknown artists by leveling the playing field for the art market, and it can also mean that marginalized pockets of history find a second life through the attention of researchers, who have access to more material than ever before. But part of an archivists\u2019 role is to sort and curate the masses of information. Left unfiltered, the risks are that sensory overload could stop us making much sense of the information we\u2019re presented with.<\/p>\n<p><strong>Egypt has experienced its own archive fever this past decade<\/strong>, with initiatives ranging from the artistic to the political to the nostalgic popping up on digital platforms and in physical spaces. Artists have <a href=\"https:\/\/www.ibraaz.org\/essays\/163\/\">reflected on archiving as an act of resistance<\/a> against forgetting the events of 2011 and the following years and have enshrined the period online in multiple ways. 858 is an initiative by a group of young filmmakers who uploaded over 858 hours of crowdsourced footage of pivotal events in the period surrounding 2011 onto a digital archive, while the Tahrir Documents platform preserves pamphlets and posters of that time in pdf form.<\/p>\n<p><strong>AUC is among the big institutions that have also begun to realize the importance of <\/strong><strong>having an online archive<\/strong>, making their historical records, photographs and recordings available to a larger audience and preserving the fragile items in a (kind of) unassailable medium through their <a href=\"http:\/\/dar.aucegypt.edu\/\">Digital Archive and Research Repository<\/a>.<\/p>\n<p><strong>Egyptian art galleries are also going online: <\/strong>TAM Gallery (formerly the ArtsMart) Co-Founder Lina Mowafy started her business as an online art gallery. Today her collection consists of over 9,000 pieces and a portfolio of 500 artists. <strong>LISTEN TO THIS:<\/strong> We sat down with Mowafy on our podcast Making It (<a href=\"https:\/\/enterprise.press\/podcasts\/bringing-art-to-the-masses-how-tam-is-trying-to-democratize-the-art-scene\/\">listen, runtime: 29:19<\/a>).<\/p>\n<p><strong>Others have taken a more fluid approach to the archive<\/strong>, producing interactive documentaries like <a href=\"https:\/\/www.womanhood-egyptian-kaleidoscope.com\/\">Womanhood<\/a> that take video testimony as their medium, or <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/5\/35\/104323\/Arts--Culture\/Stage--Street\/Whims-of-Freedom-Two-revolutions-through-the-aura-.aspx\">producing plays<\/a> that tackle Egypt\u2019s history that are reliant on the archive as a source.<\/p>\n<p><strong>Social media can also act as an alternative archival space:<\/strong> The History Collective (<a href=\"https:\/\/www.instagram.com\/historycollective\/?hl=en\">@historycollective<\/a>) explores events and phenomena ranging from Egyptian Jazz, the feminist revolution, and the decolonization of Egypt, while <a href=\"https:\/\/www.instagram.com\/fananeenmasr\/?hl=en\">@fananeenmasr<\/a> takes a more modern approach to creating an archive, showcasing contemporary Egyptian artists who create paintings, digital art, sculptures, or photography.<\/p>\n<p><strong>While social media can act as a repository for images, they may not always be <\/strong><strong>accompanied with the requisite meaning to create an \u201carchive.\u201d<\/strong> Taking the example of the tens of \u201cnostalgic\u201d Facebook groups dedicated to sharing photos of Egypt in the good old days, <a href=\"https:\/\/www.academia.edu\/11326933\/Nostalgia_for_the_Modern_Archive_Fever_in_Egypt_in_the_Age_of_Post_Photography\">scholar Lucie Ryzova highlights<\/a> that social media can sometimes facilitate the decontextualization of images from their meanings, leaving them up for grabs to be assigned new ones, and leading to possibly untrue conclusions (example: everything was always better in the past) by people skimming the surface of the archive. <strong>And it begs the question: Can we trust social networks, as for-profit corporations, to be around for decades to come and preserve our collective experience?<\/strong><\/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\/art\/\">art<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tech-culture\/\">TECH &amp; CULTURE<\/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=\"565050\" 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=\"565050\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/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\/03\/15\/sp-says-ems-have-a-long-way-to-go-to-recovery\/\">\r\n                            S&#038;P says EMs have a long way to go to recovery                        <\/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\/03\/15\/sp-says-ems-have-a-long-way-to-go-to-recovery\/\" 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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And because S&P\u2019s methodology doesn\u2019t permit corporate and banking ratings to exceed the sovereign, further downgrades could also mean lower ratings throughout the economy, pushing up debt costs and restricting access to credit.<\/p>\n<p><strong>Where is the corporate recovery going to come from?<\/strong> S&P expects that consumer staples, essential retail, healthcare, telecom and tech companies will see earnings in emerging markets return to pre-pandemic levels this year, while most sectors will stage a complete rebound in 2022.<\/p>\n<p><strong>Other sectors will need to wait another two years to see a full recovery:<\/strong> Hospitality, tourism, airlines and non-essential retail firms won\u2019t recover until 2023, the ratings agency suggests.<\/p>\n<p><strong>Banks have so far been able to minimize damage to their portfolios:<\/strong> Emergency measures taken to ease pressure on borrowers and buffer banks\u2019 capital reserves and liquidity have meant that loan losses have so far been minimal. \u201cKey EM banks have been able to delay the effect of the pandemic on their portfolios mainly by extending payment holidays and adopting more lenient accounting for these loans,\u201d S&P says.<\/p>\n<p><strong>But this will change if things don\u2019t start improving soon:<\/strong> \u201cA deeper and longer economic shock will put additional strain on banks\u2019 asset quality, fueled by mounting SME bankruptcies and unemployment.\u201d<\/p>\n<p><strong>The recovery is slower than anticipated:<\/strong> The recent escalation of the pandemic in many EMs and developed countries will weigh on economic activity through 1Q2021, S&P says.<\/p>\n<p><strong>But China could make all the difference in the second half of the year<\/strong>, particularly to EMs reliant on commodity exports such as Brazil, South Africa and Indonesia.<\/p>\n<p><strong>But what are the key risks?<\/strong><\/p>\n<p><strong>#1 A slower recovery:<\/strong> A longer, more drawn out global recovery or slow vaccine rollouts will likely result in higher debts and more pressure on public finances, resulting in credit downgrades. Companies could also see their ratings slide should further economic disruption hit earnings, potentially resulting in bankruptcies among those rated B and lower.<\/p>\n<p><strong>#2 Crowds on the streets:<\/strong> Rising levels of poverty, fraying public services and growing frustration with lockdown restrictions could provoke social unrest and political instability should these trends remain unaddressed.<\/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\/banking\/\">banking<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/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=\"565052\" 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\/03\/15\/your-essential-business-calendar-on-15-march-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565052\" class=\"content-area-description single-story post-565052 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>March: Potential visit to Cairo by Russian President Vladimir Putin.<\/p>\n<p>11-15 March (Thursday - Monday): Al Bazaar fair for handicrafts and house decors, Cairo International Conference Centre, Cairo, Egypt.<\/p>\n<p>11-20 March (Thursday-Saturday): Photopia\u2019s <a href=\"http:\/\/bit.ly\/3qeZi2a\">Cairo Photo Week 2021<\/a> will take place with this year\u2019s theme being Depth OFF Field.<\/p>\n<p>15 March (Monday): AmCham event featuring life coach Arfeen Khan.<\/p>\n<p>16 March (Tuesday): AmCham webinar featuring business tech expert Patrick Schwerdtfeger. <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-paid-registration\/1348\">Non-members can register here<\/a>.<\/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>23 March (Tuesday): The British-Egyptian Business Association (BEBA) virtual conference on sustainable manufacturing in Africa.<\/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>29-30 March (Monday-Tuesday): <a href=\"https:\/\/arab-exchanges.org\/conference\/\">Arab Federation of Exchanges Annual Conference<\/a> 2021.<\/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>31 March (Wednesday): Income tax deadline for individuals. Real estate tax deadline.<\/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":565038,"template":"","categories":[],"tags":[],"class_list":["post-565037","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"63992ba9-9ba3-434a-81a0-92caf2e826cf","teaser":"","photo_url":"https:\/\/ent.news\/2021\/3\/470.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 Taaleem gets green light to issue price range release for its IPO rather than cutting straight to the final price - 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-taaleem-gets-green-light-to-issue-price-range-release-for-its-ipo-rather-than-cutting-straight-to-the-final-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Taaleem gets green light to issue price range release for its IPO rather than cutting straight to the final price\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-taaleem-gets-green-light-to-issue-price-range-release-for-its-ipo-rather-than-cutting-straight-to-the-final-price\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T04:48:08+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/470.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-taaleem-gets-green-light-to-issue-price-range-release-for-its-ipo-rather-than-cutting-straight-to-the-final-price\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-taaleem-gets-green-light-to-issue-price-range-release-for-its-ipo-rather-than-cutting-straight-to-the-final-price\/\",\"name\":\"Enterprise Taaleem gets green light to issue price range release for its IPO rather than cutting straight to the final price - 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