{"id":565481,"date":"2021-04-12T13:33:39","date_gmt":"2021-04-12T13:33:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=565481"},"modified":"2025-12-16T05:00:14","modified_gmt":"2025-12-16T05:00:14","slug":"enterprise-ramadan-kareem-everyone","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-ramadan-kareem-everyone\/","title":{"rendered":"Enterprise Ramadan Kareem, everyone."},"content":{"rendered":"<section id=\"565483\" 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=\"565483\">\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\/04\/12\/tonight-ramadan-times-and-tv-guide-lavrov-is-in-town-agthia-has-plans-for-egypt-more-ethiopia-antagonism\/\">\r\n                            TONIGHT: Ramadan times and TV guide, Lavrov is in town; Agthia has plans for Egypt; more Ethiopia antagonism                        <\/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\/04\/12\/tonight-ramadan-times-and-tv-guide-lavrov-is-in-town-agthia-has-plans-for-egypt-more-ethiopia-antagonism\/\" 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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Agthia has plans for Egypt; more Ethiopia antagonism\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TONIGHT%3A+Ramadan+times+and+TV+guide%2C+Lavrov+is+in+town%3B+Agthia+has+plans+for+Egypt%3B+more+Ethiopia+antagonism+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F12%2Ftonight-ramadan-times-and-tv-guide-lavrov-is-in-town-agthia-has-plans-for-egypt-more-ethiopia-antagonism%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\/04\/12\/tonight-ramadan-times-and-tv-guide-lavrov-is-in-town-agthia-has-plans-for-egypt-more-ethiopia-antagonism\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565483\" class=\"content-area-description single-story post-565483 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-enterprisepm tag-foreign-ministry tag-gerd tag-russia tag-sameh-shoukry tag-sergey-lavrov tag-vladimir-putin tag-what-were-tracking-tonight 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>We\u2019re literally hours away from Ramadan<\/strong>, and we hope you have a blessed, restful, productive, safe, and festive 30 (or 29) days. Who says we can\u2019t have it all.<\/p>\n<p><strong>So, when do we eat?<\/strong> Maghreb prayers are at 6:21pm in the capital city tomorrow. You\u2019ll have until 4:01am to finish sohour tonight.<\/p>\n<p><strong>As a reminder:<\/strong> Bank hours will run 9:30am-1:30pm through the holy month (9am to 2pm for staff), while the EGX is also on shorter hours, with the opening bell at 10am and last trades by 1:30pm.<\/p>\n<p><strong>The epic Ramadan news slowdown has begun<\/strong>, with nothing of particular note coming in the local and foreign press save Agthia interest in Egypt, Suitera\u2019s USD 100k investment, and more antagonism from Ethiopia. We dive deeper into these in the Speed Round below.<\/p>\n<p><strong>And since it is that season, we thought we\u2019d run our inaugural Ramadan TV guide. <\/strong>Scroll down to Worth Watching to see how you may want to kill brain cells while you digest.<\/p>\n<p><strong>*** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM:<\/p>\n<ul>\n<li><strong>Cleopatra Hospitals is reportedly <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a108ea38-12e7-4974-9c7c-e191893d0399\">throwing its hat in the ring<\/a><\/strong> for Alexandria Medical Services.<\/li>\n<li><strong>Sinopharm, Sinovac <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d6f2923-22e5-45ba-bbdb-95040fb52ca8\">aren\u2019t stellar<\/a><\/strong>, China admits, then backtracks. Stay tuned for more updates in tomorrow\u2019s EnterpriseAM. <\/li>\n<li><strong>MENA countries are <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ef6b22b-dea2-4bf2-9beb-78c9146d2670\">going to need to borrow<\/a><\/strong><strong> almost USD 1 tn<\/strong> over the next two years -IMF.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD: Iran is pointing the finger of blame at Israel for the attack <\/strong><strong>yesterday on its Natanz uranium enrichment facility<\/strong>, which caused power outages and possibly damaged a centrifuge, <a href=\"https:\/\/www.reuters.com\/article\/us-iran-nuclear-natanz\/irans-zarif-blames-israel-for-natanz-incident-vows-revenge-tv-idUSKBN2BZ0HD\">Reuters<\/a> reported. Israel, which strongly opposed the 2015 nuclear agreement with Iran that the Trump administration pulled out of in 2018, has neither confirmed nor denied responsibility for the attack. Tehran\u2019s accusation comes two days before its diplomats are set to meet with officials from China, Russia, the EU and the US in Vienna to resume talks on lifting sanctions and returning Iran to full compliance with the nuclear program.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>THE BIG GLOBAL MACRO STORY- A rally in US treasury yields could make a comeback <\/strong><strong>after a two-week pause <\/strong>as auctions for USD 271 bn-worth of new debt kick off today and a closely watched inflation report is due to be released, reports <a href=\"https:\/\/www.reuters.com\/article\/us-usa-bonds-supply\/analysis-big-u-s-treasury-auctions-could-restart-rise-in-yields-idUSKBN2BZ0C0\">Reuters<\/a>. Expectations of weak demand and inflation data seen marking the beginning of consumer prices and record producer prices could send borrowing costs a notch higher, potentially reversing a recent lull in the market as yields have been falling since the start of April, investors tell the newswire.<\/p>\n<p><strong>REMINDER- Higher treasury yields is bad news for EMs: <\/strong>The rally on US government bonds and a stronger greenback have been the biggest drag on the EM recovery story in the first quarter of 2021, Eva Szalay writes in an op-ed for <a href=\"https:\/\/www.ft.com\/content\/36b61fa7-8580-43e6-96d5-70ed3b8e5c7c\">the Financial Times<\/a>. This is increasingly proving itself a problem for central bankers in the developing world as it could force many of them to hike their own rates sooner than they would have otherwise liked. Policymakers in South Africa, Brazil, and other countries would need to raise rates much faster to keep domestic inflation in check, and this \u201ccan kill off budding economic recoveries,\u201d says Ed Al-Husseiny, a senior rates and currencies analyst at Columbia Threadneedle.<\/p>\n<p><strong>Need a refresher on why higher borrowing costs aren\u2019t ideal for us? <\/strong>Look no further than our recent <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c6fb4fa-12c9-45d0-b904-242cb9d1c66d\">deep-dive into the issue<\/a>, which focuses on what higher US bond yields mean for Egypt and the wider EM-verse.<\/p>\n<p><strong>Increasingly, EM economies have been deploying asset purchase programs to boost <\/strong><strong>money supply,<\/strong> which could prove useful in helping shield EMs from outflows in the event higher US yields draw investors westwards. We have more on EMDE asset purchase programs in <strong>The Macro Picture<\/strong> below.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>\u201cSummer hours\u201d will <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1893821920796164\">come into effect<\/a><\/strong><strong> for retail stores and restaurants as of this<\/strong><strong> Saturday, 17 April. <\/strong>This means retail shops can close at 11 pm (instead of 10 pm during the winter), while cafes and restaurants can stay open until 1 am (instead of midnight currently). We have more details on the winter vs. summer hours <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3019f4c-6803-4c38-a95f-5dfdeaf7a35b\">here<\/a>.<\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>Plug-in hybrid vehicles (PHEVs) might exit stage left by 2026, when they will no<\/strong><strong> longer be classified as \u201csustainable investments\u201d<\/strong> under draft EU policies, <a href=\"https:\/\/www.reuters.com\/article\/us-autos-europe-regulations-insight\/once-green-plug-in-hybrid-cars-suddenly-look-like-dinosaurs-in-europe-idUSKBN2BZ0C2?il=0\">Reuters<\/a> reports. Once touted as a transition technology that was on par with all-electric vehicles, PHEVs are now seen as \u201cworse than the technology they\u2019re replacing,\u201d experts tell the newswire. PHEVs\u2019 produced four times the emissions they were approved for, and when used in combustion engine mode used more fuel than a standard car. Manufacturers will not be allowed to label PHEVs as sustainable investments beyond 2025, while rules on emissions will increase the costs of production.<\/p>\n<p><strong>Automakers already lining up excuses: <\/strong>Automakers not yet in EVs are now using this to stall on green commitments, arguing that PHEVs (which they claim is their only transitional tech) are almost certainly looking at a drop in investor interest in the next few years as production costs are expected to shoot up. \u201cA battery electric car is not yet practical,\u201d Bentley CEO Adrian Hallmark said, highlighting consumer concerns for a full range of EVs and charging infrastructure.<\/p>\n<p><strong>The benefits of a tiny country: <\/strong>Bhutan only needed 16 days to vaccinate 93% of its adults, bringing the tiny Buddhist kingdom\u2019s total vaccination coverage to 63% of its population \u2014 just behind Seychelles, which has inoculated 66% of its 100k residents, reports <a href=\"https:\/\/apnews.com\/article\/asia-pacific-coronavirus-pandemic-bhutan-dbfa7343aa3de02f4cb0cb9b6e4006f4\">the Associated Press<\/a>. Bhutan, which has a population of 800k people, got its hands on AstraZeneca doses in January, but only started its rollout in late March to coincide with dates in Buddhist astrology.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>For those not partaking in some Ramadan viewing,<\/strong> <strong>the<\/strong> <strong>Oscar-nominated short film <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81447229\">Two<\/a><\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81447229\">Distant Strangers<\/a><\/strong><strong> is out on Netflix.<\/strong> It\u2019s GroundHog Day meets identity politics, as the film follows a Black man stuck in a time loop, forcing him to relive a deadly run-in with an aggressive white police officer. The Oscars are coming up soon, with the date for the prestigious award show set for 26 April, so you might want to get caught up on some nominees.<\/p>\n<p><strong>\u26bd The English Premier League\u2019s *awful* Gameweek 31 is coming to an end today. <\/strong>West Brom is playing against Southampton at 7pm while Brighton and Everton will go at it at 9:15pm.<\/p>\n<p><strong>La Liga<\/strong> will see Celta Vigo play against Sevilla at 9pm while <strong>Serie A<\/strong>\u2019s solo match of the day is Benevento versus Sassuolo at 8:45pm.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/fb.me\/e\/1HGw8CXFJ\">Natural Hair Fest<\/a><\/strong><strong> is on until 8pm tonight at Maadi\u2019s Club 7<\/strong>, bringing together some of the country\u2019s best natural hair care brands in one place to show off their products and services.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong><a href=\"https:\/\/www.amazon.com\/Girl-Decoded-Scientists-Intelligence-Technology-ebook\/dp\/B07VF1SKPV\">Girl Decoded<\/a><\/strong><strong> by Egyptian-American scientist Rana El Kaliouby is a must-read for<\/strong><strong> tech nerds.<\/strong> El Kaliouby is the CEO of <a href=\"https:\/\/www.affectiva.com\/\">Affectiva<\/a>, the pioneering firm in the new field of Emotion AI, which allows our technology to understand humans the way we understand one another. The book makes a strong case for why we must make AI systems more equitable, diverse, and human, while also recalling El Kaliouby\u2019s own journey as an Arab Muslim within the region and when she moved to the West. She has long believed that we need to \u201chumanize technology before it dehumanizes us.\u201d<\/p>\n<p>? <strong>TOMORROW\u2019S WEATHER- Hydrate a lot at Sohour if you\u2019re observing Ramadan: It\u2019s<\/strong><strong> about to get hotter out there. <\/strong>Tomorrow and Wednesday are our last days in the 20s before the mercury goes all the way to the 40s next week. Expect daytime highs of 26\u00b0C and nighttime lows of 13\u00b0C tomorrow and say sayonara to winter.<\/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\/foreign-ministry\/\">Foreign Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/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\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sergey-lavrov\/\">Sergey Lavrov<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vladimir-putin\/\">Vladimir Putin<\/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=\"565484\" 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=\"565484\">\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: INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/emirati-foods-group-agthia-has-big-plans-for-egypt-and-mena\/\">\r\n                            Emirati foods group Agthia has big plans for Egypt and MENA                        <\/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\/04\/12\/emirati-foods-group-agthia-has-big-plans-for-egypt-and-mena\/\" 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 is currently in talks to acquire 75% of Ismailia Agricultural and Industrial Investments, the frozen meat and poultry producer which owns the Atyab brand and other brands in Egypt. Agthia\u2019s board of directors approved the EGP 3.2 bn bid <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad79dcc4-e48b-492b-a3fc-e706b8fcb8cc\">last week<\/a>, putting the acquisition on track to close before the end of 1H2021. The agreement will primarily be financed through bank debt, Smith told the newswire today but gave no further details.<\/p>\n<p><strong>Saudi Arabia, Kuwait, Oman, and Turkey are also important markets<\/strong> f<strong>or the subsidiary of Abu Dhabi\u2019s investment arm ADQ<\/strong>, Smith says, noting that Pakistan is another country on the Emirati company\u2019s radar. Agthia is planning to smooth into the corporate transition through hiring more strategically and bringing on board executives with prior experience in running large multinational firms, he adds.<\/p>\n<p><strong>Expansion through acquisition: <\/strong>Agthia, whose main products include baked goods, frozen foods, and bottled water, has a market capitalization of USD 1.3 bn, which is lower than its regional rivals Saudi\u2019s Almarai and Savola Group, notes the newswire. But the company has recently been expanding primarily through acquisitions. The group earlier this year closed a takeover bid of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5f7fd82-d9b6-4cfb-8fe2-66ab254a436b\">Kuwait\u2019s Al Faysal Bakery and Sweets<\/a> and is close to wrapping up a separate agreement to buy out Amman-based <a href=\"https:\/\/www.nabilfoods.com\/our-family\/\">Nabil Food Industries<\/a> that is <a href=\"https:\/\/www.just-food.com\/news\/uaes-agthia-group-takes-majority-stake-in-jordans-nabil-foods_id145065.aspx\">pending regulatory approvals<\/a>. It also acquired Emirati dates producer <a href=\"https:\/\/gulfnews.com\/business\/uaes-agthia-completes-acquisition-of-al-foah-to-create-top-10-fb-company-in-the-region-1.1609912782952\">Al Foah<\/a> around the same time.<\/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\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agthia\/\">Agthia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ismailia-agricultural-and-industrial-investments\/\">Ismailia Agricultural and Industrial Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565486\" 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=\"565486\">\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: STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\">\r\n                            Software startup Suitera lands USD 230k in investments                        <\/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\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\" 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\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/')\">\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\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\">\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=Software startup Suitera lands USD 230k in investments&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\">\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\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/&title=Software startup Suitera lands USD 230k in investments\">\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=Software+startup+Suitera+lands+USD+230k+in+investments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F12%2Fsoftware-startup-suitera-lands-usd-230k-in-investments%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\/04\/12\/software-startup-suitera-lands-usd-230k-in-investments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565486\" class=\"content-area-description single-story post-565486 post type-post status-publish format-standard hentry category-speed-round-startup-watch tag-5g tag-auc tag-enterprisepm tag-semiconductors tag-startup-watch tag-technology 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>AUC software spinoff <\/strong><strong><a href=\"https:\/\/suiteratech.com\/main\/\">Suitera<\/a><\/strong><strong> has received USD 230k in investments<\/strong> from electronic design automation firm Mentor Graphics\u2019 former CEO Walden Rhines and three other private investors, according to a <a href=\"https:\/\/ent.news\/2021\/4\/Suitera-AUC-Press-Release.pdf\">press release (pdf)<\/a> from AUC. Rhines invested USD 100k, while the other three investors put up a combined USD 130k. Suitera plans to use the funding to hire talent and continue building its product pipeline.<\/p>\n<p><strong>What is Suitera?<\/strong> The semiconductor startup \u2014 which was founded in 2020 by AUC professor of electronics Yehea Ismail and electronic design automation industry veterans Magdy Abadir and Eby Friedman \u2014 creates analysis and optimization tools. These tools are designed to reduce the computational time and resources required to perform complex modeling, analysis, and simulation tasks. Suitera has one viable product currently being tested by global market leaders, with another product in development and more products in the pipeline.<\/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\/5g\/\">5G<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/auc\/\">AUC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/semiconductors\/\">semiconductors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/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=\"565487\" 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=\"565487\">\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: DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/ethiopia-trolls\/\">\r\n                            Ethiopia trolls                        <\/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\/04\/12\/ethiopia-trolls\/\" 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\/04\/12\/ethiopia-trolls\/')\">\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\/04\/12\/ethiopia-trolls\/\">\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=Ethiopia trolls&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/ethiopia-trolls\/\">\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\/04\/12\/ethiopia-trolls\/&title=Ethiopia trolls\">\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=Ethiopia+trolls+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F12%2Fethiopia-trolls%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\/04\/12\/ethiopia-trolls\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/396.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565488\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/ethiopia-trolls\/396-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/396.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"396.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/396.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/396.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565487\" class=\"content-area-description single-story post-565487 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-diplomacy tag-abdel-fattah-el-sisi tag-african-union tag-diplomacy tag-enterprisepm tag-ethiopia tag-foreign-ministry tag-gerd tag-politics tag-russia tag-sameh-shoukry tag-sergey-lavrov tag-sudan tag-vladimir-putin tag-water 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>Ethiopia thinks it has cleared up Egypt and Sudan\u2019s concerns on the Grand <\/strong><strong>Ethiopian Renaissance Dam (GERD), saying today that the dam\u2019s safety is \u201cwell taken care of.\u201d<\/strong> Addis Ababa claims it has \u201caddressed\u201d its downstream neighbors\u2019 technical concerns over the dam by sharing data on the dam's operation and filling, the second phase of which Ethiopia is still going to begin next August during the rainy season, according to <a href=\"https:\/\/twitter.com\/mfaethiopia\/status\/1381544178308505600\">a Foreign Ministry statement<\/a>.<\/p>\n<p><strong>In the diplomatic equivalent of trolling, Addis Ababa says that Egypt didn\u2019t appreciate its \u201cgenerosity,\u201d<\/strong> which undermined the success of the negotiations. The fact that there are no comparable situations apparently means that Ethiopia agreeing to sit down with the two countries that could face destructive flooding or severe water shortages is an indication of Addis\u2019 goodwill, the statement says. The statement also suggests that Sudan would benefit from the dam, which could deter severe floods.<\/p>\n<p><strong>GERD talks are still in limbo<\/strong><strong>: <\/strong>The latest round of four-days talks between Egypt, Sudan, and Ethiopia in Kinshasa once again <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fed1a86a-7b61-41be-828c-d1a714e4de03\">reached a dead end<\/a> after the three countries were unable to agree on how to proceed with negotiations. Egypt and Sudan do not want Addis Ababa to continue with plans for the second dam filling before reaching a binding agreement, while Ethiopia insists to proceed with or without an agreement. A proposal put forward by Sudan to bring in new international mediators was rejected by Ethiopia, who preferred to stick with the African Union-led process. But the red line that President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a2840fd-8b01-420e-8826-6cc918bb0062\">recently put<\/a> to warn against threats to Egypt\u2019s share of the Nile\u2019s water remains and would not be tolerated, Foreign Minister Sameh Shoukry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b96733a-d975-4376-8ee8-7c3365add72b\">said<\/a> yesterday. The government is taking all diplomatic and political measures to try and resolve the issue, he added, after earlier stressing that the start of the dam\u2019s second filling would be a \u201ctipping point.\"<\/p>\n<p><strong>Enter Russia: <\/strong>GERD should be on the agenda for Russian Foreign Minister Sergey Lavrov, who is in town for talks with President Abdel Fattah El Sisi and Shoukry. Lavrov met with <a href=\"https:\/\/twitter.com\/Russia_AR\/status\/1381530379430035456\/photo\/1\">El Sisi<\/a> earlier this morning and was wrapping up a separate sit-down with FM Shoukry as we hit dispatch, according to <a href=\"https:\/\/bit.ly\/2Rs1TtQ\">a Foreign Ministry statement<\/a>. Earlier press reports indicated the stalled GERD talks would be high on the agenda for Lavrov's visit, which comes after expectations that Russian President Vladimir Putin would visit Egypt sometime in March did not materialize.<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-ministry\/\">Foreign Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/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\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sergey-lavrov\/\">Sergey Lavrov<\/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\/vladimir-putin\/\">Vladimir Putin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/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=\"565489\" 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 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF 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decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240927.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/mashreq.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27486.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/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-hzg9nj5\" data-v=\"4\" data-block-id=\"hzg9nj5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-hzg9nj5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-hzg9nj5-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-72nephg\" data-v=\"4\" data-block-id=\"72nephg\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-72nephg-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-72nephg-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 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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=\"565490\" 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=\"565490\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/the-market-on-12-april-2021\/\">\r\n                            The market on 12 April 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\/04\/12\/the-market-on-12-april-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\/04\/12\/the-market-on-12-april-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\/04\/12\/the-market-on-12-april-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 12 April 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/the-market-on-12-april-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\/04\/12\/the-market-on-12-april-2021\/&title=The market on 12 April 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+12+April+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F12%2Fthe-market-on-12-april-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\/04\/12\/the-market-on-12-april-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565490\" class=\"content-area-description single-story post-565490 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 rose 0.6% at today\u2019s close<\/strong> on turnover of EGP 1.23 bn (10.7% below the 90-day average). Local investors were net buyers. The index is down 3.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>AMOC (+6.7%), Ezz Steel (+3.7%) and Orascom Development (+3.2%).<\/p>\n<p><strong>In the red: <\/strong>ElSewedy Electric (-2.2%), CI Capital (-1.5%) and Cleopatra Hospital (-1.0%).<\/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\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565491\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565492\" 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=\"565492\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/asset-purchase-programs-heat-up-in-emdes\/\">\r\n                            Asset purchase programs heat up in EMDEs                        <\/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\/04\/12\/asset-purchase-programs-heat-up-in-emdes\/\" 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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Asset purchases are a quantitative easing policy that sees a central bank piling into government bonds or other financial assets from commercial banks and financial institutions in a bid to stimulate GDP growth and help accelerate inflation. The policy measure, which is somewhat unusual, also helps to bring down yields on bonds and financial assets and bump up money supply.<\/p>\n<p><strong>EM central banks \u2014 <\/strong><strong><a href=\"https:\/\/www.economist.com\/finance-and-economics\/2020\/10\/29\/emerging-markets-experiments-with-qe-have-not-turned-out-too-badly\">at least 18 of them<\/a><\/strong><strong> \u2014 resorted to buying government bonds in 2020<\/strong> \u2014 making purchases ranging from less than 1% to 6% of GDP \u2014 despite the practice traditionally being limited to the developing world. Defying warnings the move would prove fiscally irresponsible and cause inflation to soar uncontrollably, developing economies managed to bring bond yields down and stabilise their currencies. \u201cWhile most have been purchasing only in secondary markets, some have purchased bonds directly from governments with the objective of financing rising fiscal deficits.\u201d In some cases, the asset purchase programs continue to grow, and many central banks have not announced the scale and duration of purchases.<\/p>\n<p><strong>And some have continued their QE programs into 2021:<\/strong> India <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-07\/india-s-central-bank-holds-rate-as-virus-surge-risks-recovery?sref=mmeFTDW1\">announced earlier this month<\/a>that it would purchase USD 14 bn worth of government bonds in the first quarter of its 2021-2022 fiscal year (which starts 1 April) having purchased USD 41 bn in FY2020-2021. This is the first time India\u2019s central bank has committed upfront to an amount, amid pressure from traders to give guidance on government purchasing plans. Though markets are taking the policy positively, according to ICICI Securities\u2019 Naveen Singh, \u201cit would be a challenge to keep absorbing the huge supply at prevailing prices.\u201d<\/p>\n<p><strong>This is the first rodeo for many EMDEs, and the timing may help them out.<\/strong> Current macro conditions in EMDEs are much more \u201cbenign\u201d than previous instances when central banks in these economies financed fiscal deficits. These previous scenarios were \u201cpreceded by long periods of high inflation, external debt defaults, and stubbornly high fiscal deficits, set against the backdrop of less credible fiscal and monetary frameworks,\u201d the World Bank writes, making EMDE asset purchase programs less risky this time around.<\/p>\n<p><strong>But don\u2019t take that to mean that the positive outcome makes future success in implementing the same policy a certainty<\/strong>, as the context of \u201cuniquely accommodative macroeconomic policies in advanced economies\u201d may be undone in the future. The bank also points to the fact that \u201cfragile liquidity conditions in EMDE financial markets are conducive to volatile movements in asset prices, possibly leading to unintended consequences,\u201d especially if the programs are seen to be financing unsustainable fiscal deficits.<\/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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/quantitative-easing\/\">quantitative easing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565494\" 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=\"565494\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/12\/some-of-the-tv-shows-you-should-look-out-for-this-ramadan\/\">\r\n                            Some of the TV shows you should look out for this Ramadan                        <\/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\/04\/12\/some-of-the-tv-shows-you-should-look-out-for-this-ramadan\/\" 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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While not all show schedules have been released, we\u2019ve done our best to gather what\u2019s out so far:<\/p>\n<p><strong>The only drama we can stand in our lives right now:<\/strong> <strong><a href=\"https:\/\/www.youtube.com\/watch?v=chtKm-HEIvY\">Harb Ahleya<\/a><\/strong> stars a strong female trio of Yousra, Jamila Awad, and Arwa Gouda. The series follows Yousra, who is forced to abandon her daughter as a child to be raised by the girl\u2019s stepmother, making tensions high between the mother and daughter as the years pass. You can watch Harb Ahleya on Watch iT or on CBC at 7:45pm.<\/p>\n<p><strong>Then there\u2019s<\/strong> <strong><a href=\"https:\/\/www.youtube.com\/watch?v=J3hO0bRUnGU\">Bein Al Sama Wel Ard<\/a><\/strong><strong>, which<\/strong><strong> is based on the novel by Naguib Mahfouz<\/strong> and stars Hani Salama and Dorra. The show promises to be more introspective than its peers, depicting a group of people of different beliefs and backgrounds getting stuck in an elevator and later being involved in each other\u2019s lives. Catch the15-episode show during the first half of Ramadan on OnE at 11:30 pm and Shahid.<\/p>\n<p><strong>Meanwhile, <\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=O8RKS0-BzcU\">Qasr El Nile<\/a><\/strong><strong> follows Dina El Sheribini<\/strong>, who after her husband dies, is forced to wed his already-married brother. Catch the show on MBC at 9pm and OnE at 7:30pm and Shahid.<\/p>\n<p><strong>It wouldn\u2019t be Ramadan without Nelly Karim<\/strong>, who joins Tara Emad and Mohamad Farrag in <strong><a href=\"https:\/\/www.youtube.com\/watch?v=Bj-MRxCI9RI&feature=emb_imp_woyt\">Ded El Kasr<\/a><\/strong> \u2014 a series revolving around marital problems in Egyptian society. You can catch it on CBC at 10pm or on Shahid and Watch iT.<\/p>\n<p><strong>Leading our action series lineup is the second season of the series <\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=fvi-D1pci58\">Al Ekhteyar<\/a><\/strong>, which further commemorated the lives of Egyptian policemen who fought against terrorism in recent years. The cast boasts Karim Abdelaziz, Ahmed Mekky, Asmaa Abo Elyazeid, Injy El-Mokadem, Khaled El-Nabawy, and Mohamed Farrag and you can find the show on OnE at 9pm, Art at 11pm and Watch iT.<\/p>\n<p><strong>Depicting the flipside is <\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=qGAVEtl6j2w\">El Qahera Kabul<\/a><\/strong><strong>,<\/strong><strong> which has been long awaited since it was pushed from last year.<\/strong> The series shadows fictional terrorist leaders, depicting how people fall into these organizations. Among the actors in the series are Tariq Lotfi, Fathi Abdelwahab, and Khaled Al-Sawy. Find it on CBC at 11pm, Al Hayah at 10pm and Watch iT.<\/p>\n<p><strong>A little explosion here and there (and a pinch of moustache) to help the iftar go down:<\/strong> Ahmed El Sakka and Egypt\u2019s Tom Selleck (Amir Karara) teamed up this Ramadan to bring the action-packed <strong><a href=\"https:\/\/www.youtube.com\/watch?v=96QMaKExFOI\">Nasl El Aghrab<\/a><\/strong>. The duo are pitted against each other after one of them marries the other\u2019s wife while he was in prison. The series will be shown on OnE at 8pm and Watch iT. Mohamed Ramadan\u2019s new show <strong><a href=\"https:\/\/www.youtube.com\/watch?v=r5NYSMQUVTw\">Moussa<\/a><\/strong> is a historic drama set during the time of the British occupation of Egypt. Moussa is a man from Upper Egypt taking care of his brothers in an action-filled series full of revenge, patriotism, and political turmoil. Watch Moussa on MBC at 10pm, Art at 10pm, DMC, and DMC Drama, as well as Shahid and Watch iT. Finally, <strong><a href=\"https:\/\/www.youtube.com\/watch?v=-NYM8YyM9BI\">Hagma Mortada<\/a><\/strong> features Ahmed Ezz and Hend Sabri in a romantic thriller following the duo\u2019s experiences working in Egypt\u2019s secret services. The show will be aired on DMC, DMC Drama, and Art at 9pm, and released on Watch iT and Shahid.<\/p>\n<p><strong>The midnight thriller hour: <\/strong>Director Tamer Mohsen has teamed up with actress Mona Zaki for <strong><a href=\"https:\/\/www.youtube.com\/watch?v=RO-kqyUl5Wg\">Le3bet Newton<\/a><\/strong>, a thriller following a woman who travels abroad after disagreements with her husband. You can find the show on DMC at 12am and Watch iT.<\/p>\n<p><strong>Hoping for some laughs this Ramadan? <\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=WdH3SpdffSo\">Fares Bela Gawaz<\/a><\/strong> is reminiscent of films from the early 2000s, starring Mostafa Amar as he tries to search for a wife in a comedy series that will air on Al Nahar, Al Nahar Drama, Al Mehwar, and Al Qahera Wel Nas. We\u2019re also looking forward to Amina Khalil and Mohamed Mamdouh\u2019s lighthearted series <strong><a href=\"https:\/\/www.youtube.com\/watch?v=D9cNQtpH2AY\">Khalee Balak Mn Zizi<\/a><\/strong> which sees Khalil take on the role of a strong spirited woman who seems to go around breaking all the rules. The show will be on MBC Masr at 9:30pm and on Shahid. Meanwhile, the woes of parenting is the main theme in the 15-episode comedy series <strong><a href=\"https:\/\/www.youtube.com\/watch?v=_EfSTPi96kY\">Ahsan Aab<\/a><\/strong> starring Ali Rabei which will show on Al Hayah at 11pm. Then there\u2019s Zeina and Ahmed El Sadaany who head a criminal ring in <strong><a href=\"https:\/\/www.youtube.com\/watch?v=Tj5Aw6OIals\">Kolo Bel 7ob<\/a><\/strong> that will be airing on Al Nahar at 10pm, Al Nahar Drama at 8pm, and Shahid.<\/p>\n<p><strong>Don\u2019t say we didn\u2019t warn you:<\/strong> Ramez just won\u2019t quit. His show <strong><a href=\"https:\/\/www.instagram.com\/tv\/CNiLLxWDHQW\/?igshid=11pt1m2hft7qc\">3a2lo Taar<\/a><\/strong> will be shown on MBC Masr at 6:30pm and Shahid, so you can keep flipping the channel. Seriously, watching Ramadan ads is a better use of time.<\/p>\n<p><strong>The lone sci-fi entry hitting way too close to home: <\/strong>A sci-fi show that has been praised for its graphics and filmmaking, <strong><a href=\"https:\/\/www.instagram.com\/tv\/CNieTephjq0\/?igshid=1quvm7b0943se\">Covid-25<\/a><\/strong>, is heading to OnE at 11pm during the second half of Ramadan. We\u2019re reluctant to call it sci-fi as it seems pretty realistic right about now, but the show follows Doctor Yassin, played Youssef El Sherif, as he heads a medical group that tries to manufacture vaccines to fight dangerous diseases hitting the world.<\/p>\n<p><strong>No Egyptian Game of Thrones this year:<\/strong> Pharaonic TV series El Malek was suspended from being released this Ramadan after receiving backlash for historical inaccuracies. The show\u2019s producer United Media Services said it would form a committee of history, archeology and sociology experts to watch and review the show, the company said in <a href=\"https:\/\/www.facebook.com\/ums.egypt\/posts\/223486189557607\">a statement<\/a>. El Malek, which features Amr Youssef as the Pharaoh Ahmose, faced heavy criticism over his \u201chistorically inaccurate\u201d beard (eyeroll) as well as the cast\u2019s costumes that failed to represent the era. <a href=\"https:\/\/www.arabnews.com\/node\/1837986\/media\">Arab News<\/a> and <a href=\"https:\/\/www.thetimes.co.uk\/article\/pharaoh-tv-drama-al-malik-halted-egypt-fan-complaints-zhng5vxhq\">The Times UK<\/a> have the story.<\/p>\n<p><strong>Talk shows are getting a shake up during Ramadan: <\/strong>Amr Adib\u2019s talk show <strong>El Hekaya<\/strong> is moving to Shahid during the month of Ramadan, with episodes dropping on Friday, Saturday, Sunday, and Monday at 10pm, Adib announced on his show (<a href=\"https:\/\/www.youtube.com\/watch?v=wy17VfvUIYk\">watch, runtime: 03:36<\/a>). Meanwhile, <strong>Kelma Akhira<\/strong> with Lamees El Hadidi will be moved to Extra News airing on Saturday, Sunday, and Monday at 11pm, reports <a href=\"https:\/\/bit.ly\/3268oV9\">Youm7<\/a>. <strong>Ala Mas\u2019ouleety<\/strong> will remain on Sada El Balad, but will be shortened to an hour with Ahmed Moussa saying he would reveal the show times later today, the channel <a href=\"https:\/\/www.elbalad.news\/4773143\">reported<\/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\/ramadan\/\">Ramadan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/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=\"565496\" 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\/04\/12\/your-essential-business-calendar-on-12-april-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565496\" class=\"content-area-description single-story post-565496 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>April: The government\u2019s fuel pricing committee is scheduled to meet for its quarterly review of prices.<\/p>\n<p>April: EBRD president Odile Renaud-Basso <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2308519\">expected to visit Egypt<\/a>.<\/p>\n<p>12 April (Monday): Russian Foreign Minister Sergey Lavrov will visit Egypt for GERD talks (<a href=\"https:\/\/www.youtube.com\/watch?v=6Ue03xf1iRk\">watch: runtime: 1:28<\/a>).<\/p>\n<p>13 April (Tuesday): 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): Coptic 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 (Turnkey Expo), 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>12-15 September (Sunday-Wednesday): <a href=\"https:\/\/www.saharaexpo.com\/en\/home.html\">Sahara Expo<\/a>: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/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>30 September-8 October (Thursday-Friday): The 54th session of the <a href=\"http:\/\/www.cairofair.com\/\">Cairo International Fair<\/a>, Cairo International Conference 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>12-14 October (Tuesday-Thursday) <a href=\"https:\/\/www.facebook.com\/MOC.Egypt.show\/videos\/297288814759237\/?__tn__=-R\">Mediterranean Offshore Conference<\/a>, Alexandria, Egypt<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1-3 November (Monday-Wednesday): <a href=\"https:\/\/www.egypt-energy.com\/en\/home.html\">Egypt Energy<\/a> exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt<\/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>29 November-2 December (Monday-Thursday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">Egypt Defense Expo<\/a><\/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>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/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":565482,"template":"","categories":[],"tags":[],"class_list":["post-565481","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"66a1cf55-c801-4810-8883-b816857c23ce","teaser":"","photo_url":"https:\/\/ent.news\/2021\/4\/393.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 Ramadan Kareem, everyone. - 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-ramadan-kareem-everyone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Ramadan Kareem, everyone.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-ramadan-kareem-everyone\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T05:00:14+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/393.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-ramadan-kareem-everyone\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-ramadan-kareem-everyone\/\",\"name\":\"Enterprise Ramadan Kareem, everyone. - 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