{"id":565131,"date":"2021-03-22T14:32:15","date_gmt":"2021-03-22T14:32:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=565131"},"modified":"2025-12-16T04:50:37","modified_gmt":"2025-12-16T04:50:37","slug":"enterprise-tourism-to-recover-in-2022","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-tourism-to-recover-in-2022\/","title":{"rendered":"Enterprise Tourism to recover in 2022."},"content":{"rendered":"<section id=\"565133\" 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=\"565133\">\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\/22\/what-were-tracking-tonight-on-22-march-2021\/\">\r\n                            What we\u2019re tracking tonight on 22 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\/22\/what-were-tracking-tonight-on-22-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(); 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The <a href=\"https:\/\/www.wsj.com\/articles\/leon-black-steps-down-as-apollo-chairman-in-unexpected-move-11616415292?mod=hp_lead_pos1\">Wall Street Journal<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/1390c33e-bae4-4a6d-9bcc-7af1ee5b09d5\">Financial Times<\/a> are both leading with <strong>Leon Black deciding to step down from<\/strong> the chairmanship of <strong>Apollo Global Management<\/strong> after all. He\u2019s been under fire for his ties to the late pedophile Jeffrey Epstein.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Of particular relevance to us here in Egypt: <\/strong><strong>Turkish equitie<\/strong><strong>s and bonds today saw one of <\/strong><strong>their sharpest drops in years <\/strong>after President Recep Tayyip Erdogan's <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8aec33ff-7ac6-4c37-ac87-0e08f836cad9\">decision to fire<\/a> his third central bank governor in under two years and install a more hawkish governor raised concerns the country could prematurely ease rates. The Borsa Istanbul Index triggered circuit breakers after losing 8% in early trading, and was down some 9.5% at the time of dispatch, while yields on local and USD Turkish bonds jumped as their prices fell. <strong>The TRY also continued to mount losses<\/strong>, weakening to 8.47 to the greenback in early Asian trading hours, as people rushed to sell following the currency\u2019s 15% <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c26280f6-c360-40d2-9c0b-a16da0ed6b86\">loss in value yesterday<\/a>. The story leads on both <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-21\/turkey-bulls-are-wrong-footed-after-central-bank-hawk-s-ouster?sref=mmeFTDW1\">Bloomberg<\/a> and CNBC.<\/p>\n<p><strong>Why do we care about the market cratering in Turkey? It could be good for the Egypt <\/strong><strong>carry trade<\/strong>, ensuring we remain attractive to foreign capital. A plummeting TRY could dethrone Turkey from its status as this year\u2019s \u201cbest\u201d carry trade, clearing a path for the EGP to take the title as the CBE leaves rates on hold and Egypt\u2019s real interest rate remains among the highest in the world.<\/p>\n<p><strong>CATCH UP QUICK<\/strong> on the top stories from this morning\u2019s edition of EnterpriseAM:<\/p>\n<ul>\n<li><strong>Get a look at global emerging markets player Actis\u2019 Egypt investment pipeline<\/strong> with partner and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9c58666-e5ae-497b-aa07-756a7c169553\">MENA chief Sherif El Kholy<\/a>.<\/li>\n<li><strong>Smoke \u2018em if you\u2019ve got \u2018em: <\/strong>The inside scoop on how the bid for a new cigarette manufacturing license <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f636aa38-0a36-410d-b9b2-ff9fad1ae5ee\">will go down<\/a>.<\/li>\n<li><strong>CBE rate hold reflects Egypt\u2019s strong portfolio flows<\/strong> + \u201cmanageable\u201d inflation + <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/82fa6b65-8297-4075-9221-e58318629d49\">\u2013Jeffries.<\/a><\/li>\n<\/ul>\n<p><strong>A BIT MORE on that AstraZeneca story as we wait for the arrival of several mn doses <\/strong><strong>before month\u2019s end: <\/strong>The US trial found the vaccine was 79% effective in stopping symptomatic covid-19 cases and <strong>100% effective in preventing severe disease and hospitalization<\/strong>, the company said in a <a href=\"https:\/\/www.astrazeneca.com\/content\/astraz\/media-centre\/press-releases\/2021\/astrazeneca-us-vaccine-trial-met-primary-endpoint.html\">statement<\/a> after performing advanced clinical trials in the US. The 32k person trial found zero safety concerns. We\u2019ve been deploying AstraZeneca shots in our local vaccine rollout, alongside China\u2019s Sinopharm, and the Health Ministry is expecting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5524763-ab2f-4eb3-a685-052091da22da\">a batch of the first 5 mn doses<\/a> of an 8.6 mn shot order of AstraZeneca by March 30.<\/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>Prime Minister Mostafa Madbouly will be visiting Amman <\/strong>to attend a meeting of the Joint Jordanian-Egyptian Higher Committee, Jordan\u2019s news agency <a href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=58846&lang=ar&name=local_news\">Petra<\/a>reported.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The CIB PSA Black Ball Open 2021 men\u2019s squash competition is running until Thursday, <\/strong>following the completion of the women\u2019s round last Thursday. Some 48 men will compete for a USD 175k purse. You can stream the event live on <a href=\"https:\/\/psaworldtour.com\/accounts\/login?next=\/tv\/live\">SquashTV<\/a> or the official Facebook page of the <a href=\"https:\/\/www.facebook.com\/PSAworldtour\/\">PSA World Tour<\/a> (excluding Europe and Japan). You can also <a href=\"https:\/\/www.ticketsmarche.com\/cib-psa-black-ball-open-2021_se_2034.html\">snag tickets online<\/a> to attend in person at the Black Ball Sporting Club in New Cairo. The women\u2019s league saw Egypt\u2019s Nour El Sherbini take home the <a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/11508?tab=womens_results\">grand title<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/www.therealgate.com\/visit\/register-your-interest-to-visit\/\">The Real Gate real estate exhibition<\/a><\/strong><strong> will kick off on Thursday<\/strong> and run until Saturday at the Egyptian International Exhibition Center.<\/p>\n<p><strong>Head to Sharm for a startup gathering: <\/strong>Investors, entrepreneurs and policymakers will gather in Sharm El Sheikh for <a href=\"https:\/\/ec.aast.edu\/contenttemp.php?page_id=48200111\">Startup Festival<\/a> on 28-29 March 2021. More than 80 startups will participate in the exhibition, which will feature panel discussions and workshops. The gathering will also unveil who is taking home hardware from the \u201cEgypt Entrepreneurship Rally Competition.\u201d The gathering is organized by the Arab Academy for Science, Technology & Maritime Transport, and companies that have graduated from AAST\u2019s supply chain and logistics as well as youth incubators have the chance to pitch their ideas to investors.<\/p>\n<p><strong>The Spring Flowers Exhibit (<\/strong><strong><a href=\"https:\/\/www.facebook.com\/alzehor\/\">Ma3rad El Zohoor<\/a><\/strong><strong>) is currently taking place <\/strong>at Orman Botanical Garden in Giza. More than 200 exhibitors have set up shop to sell flowers, plants, agricultural products, and gardening equipment. The exhibit runs through 13 April.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/nmec.gov.eg\/\">National Museum of Egyptian Civilization<\/a><\/strong><strong> is set to open on 3 April in El Fustat. <\/strong>Local and international visitors alike will have pay less for admission for the first two weeks to explore the museum\u2019s central hall, according to a cabinet <a href=\"http:\/\/bit.ly\/3tDd9kE\">statement<\/a>. Meanwhile, the Royal Mummies Hall will be ready for visitors starting 18 April. The museum is designed as a celebration of Egyptian civilization from prehistory to the present day.<\/p>\n<p><strong>The International Exhibition of Materials and Technologies for Finishing and <\/strong><strong>Construction (<\/strong><strong><a href=\"https:\/\/turnkeyexhibition.com\/\">Turnkey Expo<\/a><\/strong><strong>)<\/strong> is taking place from 17-20 June at the Cairo International Conference Center. The second edition of the expo will feature 48 exhibitors and 172 brands from across the region.<\/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><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>We\u2019re not the only country dealing with a rising number of covid cases. <\/strong>Egyptian policymakers have been warning for weeks that we\u2019re starting down the barrel of a third wave of covid-19 cases, with President Abdel Fattah El Sisi the latest to sound the alarm this week. We\u2019re not alone: <a href=\"https:\/\/www.economist.com\/graphic-detail\/2021\/03\/19\/covid-19-cases-are-rising-again-in-much-of-the-world\">The Economist<\/a> notes that covid <strong>cases are rising again in much of the world<\/strong> \u2014 and says it\u2019s probably got more to do with more transmissible variants than it does with changes to behaviour.<\/p>\n<p><strong>Trumpbook? Trumpwitter? Donaldgram? <\/strong>After being suspended from Facebook, Twitter, and the like after the Capitol Hill riots, Agent Orange is planning to roll out his own social media platform in two to three months, one of his senior advisers, Jason Miller, told <a href=\"https:\/\/www.foxnews.com\/politics\/trump-social-media-platform-return-adviser\">Fox News<\/a>. Miller said he believes that the platform will be \u201cthe hottest ticket in social media, it\u2019s going to completely redefine the game\u201d as many companies approach Trump about the venture, he added without giving more detail.<\/p>\n<p><strong>Wall Street isn\u2019t excited about a digital USD: <\/strong>US banks, credit card companies, and e-payment platforms see the push toward a digital USD (dubbed Fedcoin), and are increasingly lobbying against the move in congress and in the Federal Reserve, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-22\/federal-reserve-s-digital-dollar-momentum-worries-wall-street?sref=mmeFTDW1\">Bloomberg<\/a>. These institutions see the Fedcoin as a threat to their bottom lines since virtual currency settlements don\u2019t need a middle-man, says the business info service. Officials at the Federal Reserve Bank of Boston, along with MIT researchers, could announce results of their work on a prototype digital currency platform as early as July. Approval to roll out the currency is still years down the line and a policy debate on how it would be integrated into the existing payments system would be needed. Still, commitment shown by the US and other countries to digitize central bank-issued currency is making the finance industry anxious.<\/p>\n<p><strong>READ OUR EXPLAINER<\/strong> on why central banks are turning to digital currencies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/29b7691c-a906-4c7f-9886-28e8cc190d0a\">here<\/a>.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Marvel\u2019s latest series <\/strong><strong><a href=\"https:\/\/disneyplusoriginals.disney.com\/show\/the-falcon-and-the-winter-soldier\">The Falcon and the Winter Soldier<\/a><\/strong><strong> is out on Disney+ and OSN. <\/strong>Following the events of Avengers: Endgame, Sam Wilson (Falcon) and Bucky Barnes (the other one) team up to mend the geopolitical turmoil post-Thanos. The always bickering duo explore themes such as race and patriotism as Falcon comes to terms with being Captain America\u2019s successor, writes <a href=\"https:\/\/www.usatoday.com\/story\/entertainment\/tv\/2021\/03\/17\/falcon-and-winter-soldier-spotlights-captain-america-friends\/4712374001\/\">USA Today<\/a>. The series will set the scene for multiple upcoming Marvel projects, Showrunner Malcolm Spellman told <a href=\"https:\/\/ew.com\/tv\/falcon-winter-soldier-sets-up-multiple-marvel-projects\/\">Entertainment Weekly<\/a>. The same happened in Marvel\u2019s WandaVision, with the show to have a direct impact on the events of the upcoming movie Doctor Strange in the Multiverse of Madness.<\/p>\n<p><strong>Speaking of Marvel, the entertainment group has launched the app Marvel Unlimited<\/strong> that has a collection of all Marvel comics available to read from your device. You can find the app on IOS\u2019s <a href=\"https:\/\/apps.apple.com\/eg\/app\/marvel-unlimited\/id607205403\">App Store<\/a> and <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.marvel.unlimited&hl=en&gl=US\">Google Play<\/a>.<\/p>\n<p><strong>\u26bd No football for you folks today<\/strong>, with all leagues coming to a simultaneous standstill.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>You could hold a Guinness World Record with Dolato Gelateria.<\/strong> The gelato joint has announced an official attempt for the Guinness World Record for \u201cMost flavors of ice cream identified in one minute blindfolded\u201d. Participants will have to record themselves identifying the most flavors from the <a href=\"https:\/\/www.instagram.com\/p\/CMfSef4nr2M\/?igshid=69a3bopud3b0\">Dolato Dare Box<\/a> (which has 24 flavors of ice cream) and then upload the video to your personal page and to an online application. You can read more about how to join <a href=\"https:\/\/www.instagram.com\/p\/CMhHQgSlFfD\/?igshid=160g3w9utdvoi\">here<\/a> and compete for the Guinness World Record title live in the big official attempt event this Saturday, 27 March.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p>(All times in CLT)<\/p>\n<p><strong>Classic \u2018Tarab\u2019 group El Khan Band is <\/strong><strong><a href=\"https:\/\/www.culturewheel.com\/en\/events\/yqJ1BJB1b9\">performing<\/a><\/strong><strong> tonight <\/strong>at 7pm at Sawy Culture Wheel.<\/p>\n<p><strong>Another Paint \u2018N Sip session is taking place tomorrow at Ora Restobar from 6-8pm by <\/strong><strong>Brush It<\/strong>, with attendees to this time paint Van Gogh\u2019s starry night. Novices welcome. The starry night session will also be taking place at Sofitel Hotel\u2019s Nile front and in Gouna\u2019s Smokery Beach, both on Saturday, March 27 from 2-4pm. You can sign up for any of the events using <a href=\"https:\/\/brushitart.com\/\">their website<\/a>.<\/p>\n<p><strong>CluedUpp is holding another outdoor <\/strong><strong>detective adventure<\/strong><strong> this Saturday, 27 March. <\/strong>You and a team of up to six people will use your smartphones to find clues and hunt down \u2018The Cairo Ripper\u2019. You can get tickets using <a href=\"https:\/\/www.cluedupp.com\/products\/the-ripper-cairo\">this link<\/a> and you\u2019re encouraged to don your best detective suit.<\/p>\n<p><strong>Happening this weekend in Dahab: <\/strong><strong><a href=\"https:\/\/www.instagram.com\/p\/CMIAiyshfXa\/?igshid=h787sia5yids\">Mountain Beats<\/a><\/strong> \u2014 a house and techno music festival up in the mountains and featuring a lineup of international DJs. Space Motion, Tebra, and Lena Nikitina are headlining the three-day festival that will run from Thursday to Saturday.<\/p>\n<p>? <strong>TOMORROW\u2019S WEATHER- <\/strong>Tomorrow should be the last day of this dry, dusty, and [redacted] weather, according to the <a href=\"http:\/\/bit.ly\/3tDd9kE\">national weather service<\/a>. Expect highs of 31\u2103 and nighttime lows of 14\u2103 tomorrow, before the meter falls all the way to 22\u2103 on Wednesday and stays in that range for the rest of the week, our favorite weather app tells us.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565134\" 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 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 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class=\"stk-column-wrapper stk-block-column__content stk-container stk-1k9fpne-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-1k9fpne-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 fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565135\" 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=\"565135\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: TOURISM<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/bank-of-america-is-pencilling-in-a-recovery-in-tourism-to-egypt-for-2022\/\">\r\n                            Bank of America is pencilling in a recovery in tourism to Egypt for 2022                        <\/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\/22\/bank-of-america-is-pencilling-in-a-recovery-in-tourism-to-egypt-for-2022\/\" target=\"_blank\">\n                    Open in new tab                  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src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/515.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565136\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/bank-of-america-is-pencilling-in-a-recovery-in-tourism-to-egypt-for-2022\/515-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/515.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"515.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/515.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/515.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565135\" class=\"content-area-description single-story post-565135 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-tourism tag-2015-sinai-metrojet-crash tag-bank-of-america tag-covid-19 tag-enterprisepm tag-israel tag-khaled-el-anany tag-russia tag-tourism tag-travel tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Revenues in Egypt\u2019s tourism sector will hit USD 7 bn next year<\/strong> after having plunged in 2020, Bank of America (BofA) Global Research said in a recent report picked up by <a href=\"https:\/\/www.zawya.com\/mena\/en\/economy\/story\/Vaccines_World_Expo_to_boost_UAE_tourism_sector_if_pandemic_subsides-ZAWYA20210322040048\/\">Zawya<\/a> and <a href=\"https:\/\/www.arabnews.com\/node\/1828126\/business-economy\">Arab News<\/a>. Revenues smashed records in 2019, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/18fd2904-574f-44f6-8a05-4fecfdae7531\">taking USD 13 bn<\/a> over the course of the year, but plummeted to just USD 1.1 bn in the second and third quarters of 2020 when global travel restrictions were at their peak, the bank said.<\/p>\n<p><strong>The sector is slowly recovering: <\/strong>Nearly 2 mn tourists visited Egypt since authorities first eased covid-19 restrictions last summer and reopened air space to commercial flights, Tourism Minister Khaled El Anany <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b778c50-f051-450a-aa56-8f7e485f2ed3\">told reporters<\/a> last week. The country saw between 270k and 290k tourist arrivals per month between December and February, and El Ananythinks that Egypt could see a return to pre-covid visitor numbers as early as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/093c4b68-9f7e-42a5-bcaa-05f89fb4b473\">fall 2022<\/a>.<\/p>\n<p><strong>Someone tell the Russians we love them:<\/strong> The recovery will likely accelerate should Russia restore direct flights to Red Sea resorts, BofA said. Russians accounted for a third of tourist arrivals before Moscow suspended flights following the 2015 crash of a Metrojet plane in the Sinai peninsula.<\/p>\n<p><strong>Another cause for optimism: <\/strong>Egypt had developed a flourishing mass tourism industry before the pandemic battered the sector and can <strong>tap growing global demand for travel post-covid<\/strong>, the bank said in its report.<\/p>\n<p><strong>Big hopes for Dubai: <\/strong>The bank is also expecting the UAE, which had a strong tourism base pre-covid, to be among the largest beneficiaries of the global rebound in vacation demand. The country\u2019s recent normalization agreement with Israel is another potential boom, with tourist arrivals from the neighbouring country reaching nearly 70k over the past two months.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/2015-sinai-metrojet-crash\/\">2015 Sinai Metrojet crash<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bank-of-america\/\">Bank of America<\/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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khaled-el-anany\/\">Khaled El Anany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565137\" 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=\"565137\">\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: AVIATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/egyptair-looks-to-africa-as-an-investor\/\">\r\n                            EgyptAir looks to Africa \u2014 as an investor                        <\/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\/22\/egyptair-looks-to-africa-as-an-investor\/\" 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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The company will hold 75% in a new airline dubbed Ghana Air, which it will provide with four Boeing aircraft. EgyptAir is also considering establishing a transport hub with Sudan Airways, Zakaria said. Setting up shop directly in Africa is the company\u2019s \u201cmain goal\u201d at the moment, Zakaria said, adding that an Africa hub will give Egyptair the ability to expand to new destinations.<\/p>\n<p><strong>EgyptAir may also take over the only flight service to Israel<\/strong>, currently operated by AirSinai between Cairo and Tel Aviv, Zakaria said, giving no further detail.<\/p>\n<p><strong>The company hopes passenger volumes will recover to at least 75% of their <\/strong><strong>pre-pandemic levels this year<\/strong>, Zakaria said, with traffic currently at 40-50%.<\/p>\n<p><strong>This comes as EgyptAir seeks an additional EGP 5-7 bn in government assistance<\/strong> to sustain its operations following covid-19 induced losses, Zakaria said. The company has already received EGP 5 bn in funding. First, from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c77abca3-96eb-4f3f-a1c6-85d5e4eaa0e8\">an<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c77abca3-96eb-4f3f-a1c6-85d5e4eaa0e8\">EGP 2 bn Finance Ministry facility<\/a> that will see the government service the carrier\u2019s debt until its operating capacity reaches 80% of 2019 levels, followed by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df02ee18-a068-44b1-9139-a5c6f336ab24\">an additional EGP 3 bn lifeline<\/a> provided by the National Bank of Egypt and Banque du Caire. EgyptAir had been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/996ae351-6ff0-4c68-9a0f-0d56828e6efb\">losing around EGP 600-700k per month<\/a>, Zakaria told talk show hosts last September, with the airline sustaining <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/36f7fd8e-2466-4921-8192-4409f5b35b5c\">losses of EGP 3 bn in 2Q2020<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptair\/\">EgyptAir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ghana\/\">Ghana<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565139\" 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=\"565139\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/centamin-profits-up-82-in-2020-despite-lower-production\/\">\r\n                            Centamin profits up 82% in 2020 despite lower production                        <\/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\/22\/centamin-profits-up-82-in-2020-despite-lower-production\/\" 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\/22\/centamin-profits-up-82-in-2020-despite-lower-production\/')\">\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\/22\/centamin-profits-up-82-in-2020-despite-lower-production\/\">\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=Centamin profits up 82% in 2020 despite lower production&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/centamin-profits-up-82-in-2020-despite-lower-production\/\">\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\/22\/centamin-profits-up-82-in-2020-despite-lower-production\/&title=Centamin profits up 82% in 2020 despite lower production\">\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=Centamin+profits+up+82%25+in+2020+despite+lower+production+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fcentamin-profits-up-82-in-2020-despite-lower-production%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\/22\/centamin-profits-up-82-in-2020-despite-lower-production\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565139\" class=\"content-area-description single-story post-565139 post type-post status-publish format-standard hentry category-go-with-the-flow tag-centamin tag-earnings-watch tag-enterprisepm tag-go-with-the-flow tag-gold tag-sukari-gold-mine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 fell 2.5% at today\u2019s close<\/strong> on turnover of EGP 936 mn (36.4% below the 90-day average). Foreign investors were net sellers. The index is down 2.8% YTD.<\/p>\n<p><strong>In the green: <\/strong>Edita (+1.5%), Ibnsina Pharma (+1.0%)<\/p>\n<p><strong>In the red: <\/strong>AMOC (-7.3%), Qalaa Holdings (-5.9%) and Orascom Financial (-5.6%).<\/p>\n<hr class=\"grey-line\">\n<p><strong>EARNINGS WATCH- Gold miner Centamin\u2019s annual net profits rose 82% y-o-y to USD 315 <\/strong><strong>mn in FY<\/strong><strong>2020<\/strong>, thanks to record revenues brought about by soaring gold prices, according to its annual <a href=\"https:\/\/ent.news\/2021\/3\/centamin_fy20-results_final_220321.pdf\">earnings statement (pdf)<\/a> released today. Revenues increased by 27% to USD 829 mn, despite production falling 6%, after gold prices hit record highs on concerns about the pandemic.<\/p>\n<p><strong>The increase comes despite <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/be6436ba-b371-432b-959e-27e74fb19f40\">operational troubles<\/a><\/strong><strong> at the Centamin-operated Sukkari gold <\/strong><strong>mine in Egypt\u2019s Eastern Desert<\/strong>, which saw production from the mine <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2f401919-8043-4310-aa5f-3c54d73a6079\">fall 46% during 4Q2020<\/a>.<\/p>\n<p>\u201cDespite lower production output, we delivered another strong financial performance in 2020, benefiting from improved commodity pricing, our rapid response to covid-19 and continuous dedication to improve operating efficiencies and productivity,\u201d CEO Martin Horgan said.<\/p>\n<p><strong>Moving forward, Centamin will continue to review operations at the Sukari mine<\/strong> to cut back on costs and raise productivity, Hogan said. Phase two of the review, which is now ongoing, will identify more opportunities for exploration and efficiency improvements. The company had announced late last year that it would <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72335f63-8c84-461b-b1cc-d528e92957db\">invest almost USD 600 mn into Sukari<\/a> between 2021 and 2024 to up production from 445-455k oz currently to 450-500k oz by 2024.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/centamin\/\">Centamin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sukari-gold-mine\/\">Sukari gold mine<\/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=\"565140\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565141\" 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=\"565141\">\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\">YOUR CAREER<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/take-the-plunge-on-that-career-shift-youve-been-dreaming-of\/\">\r\n                            Take the plunge on that career shift you\u2019ve been dreaming of                        <\/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\/22\/take-the-plunge-on-that-career-shift-youve-been-dreaming-of\/\" 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\/22\/take-the-plunge-on-that-career-shift-youve-been-dreaming-of\/')\">\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\/22\/take-the-plunge-on-that-career-shift-youve-been-dreaming-of\/\">\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=Take the plunge on that career shift you\u2019ve been dreaming of&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/take-the-plunge-on-that-career-shift-youve-been-dreaming-of\/\">\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\/22\/take-the-plunge-on-that-career-shift-youve-been-dreaming-of\/&title=Take the plunge on that career shift you\u2019ve been dreaming of\">\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=Take+the+plunge+on+that+career+shift+you%E2%80%99ve+been+dreaming+of+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Ftake-the-plunge-on-that-career-shift-youve-been-dreaming-of%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\/22\/take-the-plunge-on-that-career-shift-youve-been-dreaming-of\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/518.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565142\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/take-the-plunge-on-that-career-shift-youve-been-dreaming-of\/518-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/518.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"518.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/518.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/518.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565141\" class=\"content-area-description single-story post-565141 post type-post status-publish format-standard has-post-thumbnail hentry category-your-career tag-enterprisepm tag-office-life tag-your-career 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>2021 could be the year for a career pivot: <\/strong>Pivoting over to a new career is neither pleasant or easy, but for some (especially in light of recent circumstances) it could be crucial. But how do you go about it? A pivot may or may not demand you pick up new skills, but it always demands you sit back and think how your existing skills and experience can be repackaged in a different role or eindustry, writes Elizabeth Uviebinen\u00e9 for <a href=\"https:\/\/www.ft.com\/content\/76800ee9-6442-4c18-9615-68ac4ac41b61\">The Financial Times<\/a>. Uviebinene, who has authored the upcoming book <a href=\"https:\/\/www.amazon.com\/Reset-Ideas-Change-Work-Live-ebook\/dp\/B08VJ2WBZP\/\">The Reset: Ideas to change how we work and live<\/a> (due out at the end of April) tells you how.<\/p>\n<p><strong>Step one: Reframe the switch as a learning experience. <\/strong>The internal conversation on how to repackage skills is only part of a larger shift in mindset that comes with starting off afresh. Uviebinen\u00e9 tells the story of her mentor, who told her to think less about her next move as what she wanted to do and what would suit her, and focus instead on what she wanted to learn. Looking at the move from a perspective of new learning experiences opens up windows that you might not have initially thought of but could potentially be an exciting and stimulating position. This \u201clife-long-learning ethos\u201d means you in many ways shift back to the mindset of a student that is always aiming to develop further and try new things.<\/p>\n<p><strong>Step two: Let go of the inevitable discomfort. <\/strong>There is a big chance that you could find yourself in a room where you know the least, but a successful pivot dictates letting go of the fear of failure, being open-minded and letting go of the ego. When your harsh self-critic takes control, let your drive to learn push the self doubt out.<\/p>\n<p><strong>When do you decide if it's the right time to change careers? <\/strong>The decision may not always emerge from conflict or drama at the workplace, but also other motivators such as realizing you\u2019ve accomplished as much as you can and \u201clike a growing plant, it was time to be repotted where my roots could grow,\u201d writes Lauren Easterling in <a href=\"https:\/\/www.insidehighered.com\/advice\/2021\/03\/15\/determining-when-make-job-move-or-career-change-opinion\">an op-ed<\/a>. Other times it could be a logistical factor that helps you take the plunge such as the need for a higher salary, a more flexible schedule, or certain personal or professional needs. Regardless of the reason, the right time to change a career comes after allowing yourself time and space to process what happens in our daily lives and to reflect on where you are and where you want to be. Your decision should ultimately be one you project will bring you a better piece of mind and be in line with what you value in life.<\/p>\n<p><strong>You took the decision\u2026 now how to follow through? <\/strong><a href=\"https:\/\/www.forbes.com\/sites\/ashleystahl\/2020\/10\/06\/how-to-make-a-successful-career-pivot-during-covid\/?sh=2313bd73b3d8\">Forbes<\/a> reiterates the importance of realizing that your skills are applicable in more ways than one and making it clear during an interview that it\u2019s the \u2018what\u2019 of your job, the skills you\u2019re using that truly matters, as opposed to the industry you\u2019re in. You should also do your research on the company and position for which you\u2019re applying so that you can also talk about them in the context of your skills and achievements from the past as well as have a salary in mind and prove competency in new digital tools.<\/p>\n<p><strong>If your motivation behind the pivot is a not-so-nice boss, how would you explain it during <\/strong><strong>interviews? <\/strong>That was the (anonymous) question put to <a href=\"https:\/\/www.ft.com\/content\/44523e9d-bd8e-4e8e-a9c6-3fb2d276b05c\">the FT\u2019s Jonathon Black<\/a>, witht he questioner saying they felt mentioning a bad boss \u201craised red flags about my working relationships.\u201d Black says while there is no need to voluntarily discuss previous poor working relationships, if an interviewer specifically asks, you should turn your issue into something positive, how you handled it deftly, diffused the tension, the actions you took, and the successful outcome.<\/p>\n<p><strong>Look to our upcoming issue of Your Wealth<\/strong>, where we dive deeper into the merits of the pivot.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/office-life\/\">office life<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/your-career\/\">YOUR CAREER<\/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=\"565143\" 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=\"565143\">\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\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/why-are-football-teams-signing-hedgies-and-physicists\/\">\r\n                            Why are football teams signing hedgies and physicists?                        <\/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\/22\/why-are-football-teams-signing-hedgies-and-physicists\/\" 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\/22\/why-are-football-teams-signing-hedgies-and-physicists\/')\">\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\/22\/why-are-football-teams-signing-hedgies-and-physicists\/\">\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=Why are football teams signing hedgies and physicists?&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/why-are-football-teams-signing-hedgies-and-physicists\/\">\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\/22\/why-are-football-teams-signing-hedgies-and-physicists\/&title=Why are football teams signing hedgies and physicists?\">\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=Why+are+football+teams+signing+hedgies+and+physicists%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fwhy-are-football-teams-signing-hedgies-and-physicists%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\/22\/why-are-football-teams-signing-hedgies-and-physicists\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/519.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565144\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/why-are-football-teams-signing-hedgies-and-physicists\/519-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/519.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"519.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/519.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/519.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565143\" class=\"content-area-description single-story post-565143 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_sports tag-ai tag-enterprisepm tag-sports 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>Manchester City FC\u2019s key winter signing has a doctorate in astrophysics: <\/strong>The English Premier League team famous for lavish spending in pursuit of championships made headlines in the winter transfer window when they opted for signing a hedge fund veteran by the name of Laurie Shaw in the latest escalation of the world\u2019s top teams pursuit for a competitive edge, <a href=\"https:\/\/www.bloombergquint.com\/markets\/man-city-s-big-winter-signing-is-a-former-hedge-fund-brain\">Bloomberg<\/a> reports. Shaw, a former UK Treasury adviser, will lead AI insights at parent company City Football Group.<\/p>\n<p><strong>You can't underestimate the value of data and analysts<\/strong>, as \u201cthe plan for the team off the pitch is arguably more critical to success than any other element,\u201d<strong> a <\/strong>former AFC Bournemouth chairman told the publication. While data analysis in football is not new, it was concentrated up to this point in the top clubs in Europe, experts tell the <a href=\"https:\/\/www.bbc.com\/news\/business-56164159\">BBC<\/a>. It\u2019s no longer confined to big teams with big budgets, as the technology and software become more accessible, smaller teams are opting for off-the-shelf software that is based on video footage.<\/p>\n<p><strong>This data-driven approach has led to a \u201crace for PhD statisticians and physics talent,\u201d<\/strong> Pacific Media Group director Paul Conway said. The company owns second-tier English club Barnsley, where <a href=\"https:\/\/www.imdb.com\/title\/tt1210166\/\">Moneyball<\/a> inspiration and data-guru Billy Beane is a director. Liverpool FC credits their <a href=\"https:\/\/www.liverpool.com\/liverpool-fc-news\/features\/liverpool-transfer-news-jurgen-klopp-17569689\">data-powered pitch control<\/a> from their winning season last year to their research division head, a PhD in theoretical physics. \u201cWe fully expect in the next few seasons...that these PhDs will also be on the pitch, in uniform and computer in hand, advising coaches on real-time match decisions,\u201d adds Conway.<\/p>\n<p><strong>The shift toward AI-powered risk assessment is driven by owners coming from finance <\/strong><strong>backgrounds<\/strong>, experts tell <a href=\"https:\/\/www.sportico.com\/business\/tech\/2021\/sports-ai-mlb-epl-1234624142\/\">Sportico<\/a>. Teams want to know the short-term trade-off between player performance and risk, and the answer is not a binary play or don\u2019t play, but rather how does the risk assessment change versus amount of time played, they add.<\/p>\n<p><strong>LISTEN TO THIS- We discuss the nuances of building a sports data business <\/strong>and taking the service from a local luxury to a global necessity with <a href=\"https:\/\/www.arqamfc.com\/\">Arqam FC<\/a> founder and <a href=\"https:\/\/statsbomb.com\/\">Statsbomb<\/a> data lead Ali ElFakharany in an episode of Making It, our podcast about building a great business. (<a href=\"https:\/\/enterprise.press\/podcasts\/playing-moneyball-arqam-fc-ceo-ali-elfakharany\/\">listen, runtime 41:03<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565145\" 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\/22\/your-essential-business-calendar-on-22-march-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565145\" class=\"content-area-description single-story post-565145 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>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>23 March (Tuesday): AUC Women on Boards Observatory event to launch 2020 annual monitoring report.<\/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>29-30 March (Monday-Tuesday): Arab Academy for Science, Technology & Maritime Transport <a href=\"https:\/\/ec.aast.edu\/contenttemp.php?page_id=48200111\">Startup Festival<\/a>, Sharm El Sheikh.<\/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>6 April (Tuesday): French Chamber of Commerce and Industry in Egypt working breakfast with Sovereign Fund of Egypt CEO Ayman Soliman.<\/p>\n<p>7 April (Wednesday): British-Egyptian Business Association (BEBA) webinar on digital banking and fintech.<\/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>7-9 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>17-20 June (Thursday-Sunday) : The International Exhibition of Materials and Technologies for Finishing and Construction (<a href=\"https:\/\/turnkeyexhibition.com\/\">Turnkey Expo<\/a>), Cairo International Conference Center.<\/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>30 June- 15 July: National Book Fair.<\/p>\n<p>1 July: (Thursday): National holiday in observance of 30 June Revolution.<\/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\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":565132,"template":"","categories":[],"tags":[],"class_list":["post-565131","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9215b797-4e57-41d7-9213-307a049c3ecd","teaser":"","photo_url":"https:\/\/ent.news\/2021\/3\/514.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 Tourism to recover in 2022. - 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-tourism-to-recover-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Tourism to recover in 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-tourism-to-recover-in-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T04:50:37+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\/514.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-tourism-to-recover-in-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-tourism-to-recover-in-2022\/\",\"name\":\"Enterprise Tourism to recover in 2022. - 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