{"id":565505,"date":"2021-04-13T13:26:35","date_gmt":"2021-04-13T13:26:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=565505"},"modified":"2025-12-16T05:00:52","modified_gmt":"2025-12-16T05:00:52","slug":"enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/","title":{"rendered":"EnterprisePM\u2014 It\u2019s official: Cleopatra Hospitals wants Alex Medical"},"content":{"rendered":"<section id=\"565507\" 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=\"565507\">\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\/13\/tonight-kunafa-from-nola-the-citadels-cannon-fires-for-the-first-time-in-30-years\/\">\r\n                            TONIGHT: Kunafa from Nola + the Citadel\u2019s cannon fires for the first time in 30 years                        <\/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\/13\/tonight-kunafa-from-nola-the-citadels-cannon-fires-for-the-first-time-in-30-years\/\" 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\/13\/tonight-kunafa-from-nola-the-citadels-cannon-fires-for-the-first-time-in-30-years\/')\">\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\/13\/tonight-kunafa-from-nola-the-citadels-cannon-fires-for-the-first-time-in-30-years\/\">\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=TONIGHT: Kunafa from Nola + the Citadel\u2019s cannon fires for the first time in 30 years&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/tonight-kunafa-from-nola-the-citadels-cannon-fires-for-the-first-time-in-30-years\/\">\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\/13\/tonight-kunafa-from-nola-the-citadels-cannon-fires-for-the-first-time-in-30-years\/&title=TONIGHT: Kunafa from Nola + the Citadel\u2019s cannon fires for the first time in 30 years\">\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+Kunafa+from+Nola+%2B+the+Citadel%E2%80%99s+cannon+fires+for+the+first+time+in+30+years+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F13%2Ftonight-kunafa-from-nola-the-citadels-cannon-fires-for-the-first-time-in-30-years%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\/13\/tonight-kunafa-from-nola-the-citadels-cannon-fires-for-the-first-time-in-30-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565507\" class=\"content-area-description single-story post-565507 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-covid-19 tag-enterprisepm tag-johnson-johnson tag-vaccines tag-what-were-tracking-tonight tag-world-trade-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, everyone. <\/strong>We hope the first day of Ramadan has treated you well. We\u2019re deep in the arms of the customary Ramadan news slowdown \u2014 and likely will be for a couple more days. Look for the pace of news to pick up next week.<\/p>\n<p><strong>THE BIG STORY TODAY- <\/strong>Cleopatra Hospitals has confirmed it is throwing its hat in the ring for a stake in Alex Medical. We have the full story in this afternoon\u2019s Speed Round, below.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>You might be able to hear the OG iftar cannon this evening when it fires at the Salah El <\/strong><strong>Din Citadel for the first time in almost 30 years<\/strong>, the Tourism Ministry said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1904474523064237\">statement<\/a>. There are a handful of plausible origin stories for the recently restored cannon. One has it that the tradition of a Ramadan cannon dates back to the era of Mamluk Sultan Khushqadam who, while testing out his new cannon, unintentionally fired it at the same time as the call to maghrib prayers. Ramadan observers took it as a signal that the Sultan was reminding them about Iftar and went on to thank him afterwards. Pleased with the feedback, the Sultan got a little trigger happy and began firing off the cannon every sunset, leading to a new tradition.<\/p>\n<p><strong>So, when do we eat? <\/strong>Iftar tonight is at 6:21pm CLT. You\u2019ll have until 3:59am CLT to hoover down sohour (which would be coffee, for us here at Enterprise).<\/p>\n<p><strong>***CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM:<\/p>\n<ul>\n<li><strong>You\u2019ve been warned:<\/strong> Covid-19 cases are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/003784c7-f977-4641-a469-a2e60ac47353\">expected to surge<\/a> again this Ramadan.<\/li>\n<li>Egypt\u2019s <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b7042bbd-cedd-44cb-aefb-6ea18b372cd4\">current account deficit widened<\/a><\/strong><strong> in 2Q2020-2021<\/strong>.<\/li>\n<li><strong>FAB <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/361103e8-08b2-4544-98b5-e7016306bc35\">expects to acquire<\/a><\/strong><strong> Bank Audi Egypt this year<\/strong> \u2014 not this quarter.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD: US health agencies are calling for a pause on the rollout of <\/strong><strong>Johnson & Johnson\u2019s much-cheered single-shot vaccine<\/strong>, saying their recommendation comes after reports that the jab causes \u201crare and severe blood clots\u201d in women, the <a href=\"https:\/\/www.ft.com\/content\/d1070ff2-a473-4f6a-a484-681fb8de4251\">Financial Times<\/a> reports. The <a href=\"https:\/\/www.wsj.com\/articles\/u-s-seeks-to-pause-j-j-covid-19-vaccine-use-amid-clotting-reports-11618313210?mod=hp_lead_pos1\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-johnson-johnson-va\/u-s-calls-for-pause-on-johnson-johnsons-covid-19-vaccine-idUSKBN2C01BC\">Reuters<\/a> and the <a href=\"https:\/\/apnews.com\/article\/politics-immunizations-coronavirus-pandemic-2dde2aacf486bab59844ef907a28cbce\">Associated Press<\/a> have also given the story top billing on their homepages this afternoon. also has the news.<\/p>\n<p><strong>How big is the risk? <\/strong>Pretty small from where we\u2019re sitting. There are six reports of women with clots from among the 7 mn doses given (in total, to men and women) in the United States. Those same women, if on birth control pills, have an even higher risk: The US Food and Drug Administration \u201c<a href=\"https:\/\/www.openaccessgovernment.org\/risk-of-blood-clots\/106257\/\">estimates that the risk of birth control users developing a serious blood clot<\/a> is three to nine women out of 10,000, every year.\u201d<\/p>\n<p><strong>Haven\u2019t we heard this story before? <\/strong>AstraZeneca\u2019s jab has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75dcee96-344f-4364-a521-1341a92ffbe7\">faced similar charges<\/a>, with a rate of 166 reported clots in 37 mn doses administered \u2014 meaning you have about a 3x greater chance of getting a clot after taking AstraZeneca than you do of being <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03ce2265-7c1a-4c16-8f49-ea5d1489af0b\">hit by lightning the next time you\u2019re allow to go to Europe<\/a> for vacation.<\/p>\n<p><strong>Also making headlines abroad:<\/strong><\/p>\n<ul>\n<li><strong>Europe could impose mandatory vaccination<\/strong> after the European Court of Human Rights ruled that obligatory vaccinations are \u201cnecessary,\u201d backing the Czech Republic\u2019s requirement for mandatory pre-school vaccination, <a href=\"https:\/\/www.dw.com\/en\/echr-rules-obligatory-vaccination-may-be-necessary\/a-57128443\">Deutsche Welle<\/a>reported.<\/li>\n<li><strong>BTC has hit an all-time high of USD 63k <\/strong>just one day before Coinbase goes public through a direct listing that could see the crypto exchange valued at as much as USD 100 bn.<\/li>\n<li><strong>Countries are up in arms over Japan wanting to dump wastewater from its <\/strong><strong>Fukushima nuclear plant in the ocean<\/strong>, with South Korea, China and environmentalist groups expressing their concern on the impact on the local fishing ecosystem and international public health. (<a href=\"https:\/\/www.reuters.com\/article\/us-disaster-fukushima-water-reaction\/countries-react-to-japans-plans-to-release-fukushima-water-into-ocean-idUSKBN2C00WF?il=0\">Reuters<\/a>)<\/li>\n<li><strong>Hyundai Motor's execs are under investigation for insider trading<\/strong> after South Korea's financial watchdog launched a probe over allegations that the officials had received undisclosed information related to the company\u2019s potential cooperation with Apple on a self-driving vehicle project, the <a href=\"https:\/\/www.ft.com\/content\/c8174b5b-d25c-411d-b9f0-78d91b8aa136\">Financial Times<\/a> reports.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR- \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 <\/strong><strong>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><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Meet the Egyptian truck diver being hailed as a hero for ramming a murder suspect\u2019s <\/strong><strong>vehicle <\/strong>in Riverside County, California, allowing the cops to get their guy. Ahmed Shaaban is so OG Egyptian that he shows up on Fox (forgive him for that, please) wearing an \u201cEgyptian Dad\u201d T-shirt in the form of a nutrition label. <a href=\"https:\/\/news.yahoo.com\/hero-truck-driver-helping-police-190740729.html?format=embed&region=US&lang=en-US&site=news&player_autoplay=1&expName=y20\">Watch the interview (runtime: 3:34)<\/a> including footage of the crash) or <a href=\"https:\/\/www.ky3.com\/2021\/04\/11\/semi-truck-driver-crashes-into-murder-suspects-car-to-end-police-chase\/\">read more here<\/a>.<\/p>\n<p><strong>You may now stop cleaning all the things. <\/strong>Remember those Atlantic pieces we told you about <a href=\"https:\/\/www.theatlantic.com\/ideas\/archive\/2020\/07\/scourge-hygiene-theater\/614599\/\">last year<\/a> and <a href=\"https:\/\/www.theatlantic.com\/ideas\/archive\/2021\/02\/hygiene-theater-still-waste\/617939\/\">last month<\/a>? The ones talking about how the constant washing of hands (and groceries and everything else in your life) to ward off covid was \u2026 useless theater? Well, the US Centers for Disease Control now concurs, acknowledging what scientists have been saying for months: \u201cThe risk of catching the coronavirus from surfaces is low.\u201d The <a href=\"https:\/\/www.nytimes.com\/2021\/04\/08\/health\/coronavirus-hygiene-cleaning-surfaces.html\">New York Times<\/a> (hardly a cheerleader for throwing caution to the wind) goes so far as to quote an expert on airborne viruses as saying, \u201c<strong>There\u2019s really no evidence that anyone has ever gotten Covid-19 by touching a contaminated surface.<\/strong>\u201d<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Sign #621 of the End Times- We just broke the spine (metaphorically) on <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Civilized-Death-What-Lost-Modernity\/dp\/1451659105\">Civilized to<\/a><\/strong><strong><a href=\"https:\/\/www.amazon.com\/Civilized-Death-What-Lost-Modernity\/dp\/1451659105\">Death: The price of progress<\/a><\/strong>, a rare exercise by a public intellectual that reads like a page turner without \u2014 but stops well short of the lunatic fringe. So far, Christopher Ryan is convincingly setting up an argument that <strong>progress \u201chas perverted the way we live: how we eat, learn, feel, mate, parent, communicate, work, and die.\u201d <\/strong>Check it out on Amazon, or <a href=\"https:\/\/www.youtube.com\/watch?v=snAM-XUofjA\">go listen to his interview with Paul Saladino<\/a>, the MD who deploys a pretty deep command of biochemistry to advocate for an animal-based diet (trigger warning for some of y\u2019all, we know, but the interview is on point).<\/p>\n<p><strong>Sign #622 of the End Times- AI is being used to teach empathy to humans working at call <\/strong><strong>centers<\/strong> by monitoring the words, tone and pitch of customer calls, writes the <a href=\"https:\/\/www.ft.com\/content\/758e0a2f-3507-4b66-990a-73310d8f588b\">Financial Times<\/a>. Using tools such as <a href=\"https:\/\/cogitocorp.com\/\">Cogito<\/a>, when AI detects the customer starting to sound irritated or upset, it will send an \u201cempathy cue\u201d that reminds the worker to think about how the customer is feeling and try to relate. The antidote to bad customer service, the FT\u2019s Sarah O\u2019Connor argues? \u201cIf you want people to act like humans, try treating them that way.\u201d<\/p>\n<p><strong>Building a software business? You need to meet Joel Spolsky. <\/strong>Before 37Signals became Basecamp, before the jocks decided they wanted to become nerds, there was Spolsky: A New York-based coder whose entrepreneurial bent gave birth to <a href=\"https:\/\/trello.com\/en\">Trello<\/a> and <a href=\"https:\/\/stackoverflow.com\/\">Stack Overflow<\/a> \/ <a href=\"https:\/\/stackexchange.com\/\">StackExchange<\/a>, among other products. His blog, simply titled <strong><a href=\"https:\/\/www.joelonsoftware.com\">Joel on Software<\/a><\/strong>, is relatively dormant now, but the wisdom he cranked out in 1,114 articles (to say nothing of <strong><a href=\"https:\/\/www.inc.com\/author\/joel-spolsky\">his excellent column for Inc<\/a><\/strong>) makes it a must read if you\u2019re an entrepreneur at heart \u2014 no matter what sort of business you\u2019re building.<\/p>\n<p>We know we\u2019re late to this party, but <strong>are any of you as bummed as we were to discover that <\/strong><strong>Jerry\u2019s apartment hallway can\u2019t exist? <\/strong><a href=\"https:\/\/www.esquire.com\/entertainment\/tv\/a36052013\/jerry-seinfeld-apartment-layout-hallway-photo\/\">Esquire has the story.<\/a><\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>As the Oscars grow nearer, check out Promising Young Woman, which picked up five <\/strong><strong>nominations. <\/strong>The revenge thriller follows a young woman who decides to set up situations where she can find and call out [redacted] assaulters. Plagued by a traumatizing past, 29-year-old Cassie Thomas decides to become predator instead of prey in a film that explores all the players in [redacted] cases and how even friends and family can be complicit. <a href=\"https:\/\/www.hollywoodreporter.com\/review\/promising-young-woman-review-1272937\">The Hollywood Reporter<\/a> says the film \u201crefuses to let anyone off the hook.\u201d Promising Young Woman is a contender for best picture, best film editing, and best original screenplay, while Emerald Fennell is up for best director and Carey Mulligan is up for best actress. You can watch the film on <a href=\"https:\/\/www.amazon.com\/Promising-Young-Woman-Carey-Mulligan\/dp\/B08SFB3F3K\">Amazon Prime<\/a> or <a href=\"https:\/\/tv.apple.com\/us\/movie\/promising-young-woman\/umc.cmc.4jru0vzhzk8o617yzvawxk2yd\">Apple TV<\/a>.<\/p>\n<p>\u26bd <strong>We\u2019ve got two Champions League matches for you tonight at 9pm: <\/strong>Paris Saint-Germain is up against Bayern Munich, while Chelsea will be playing against Porto.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>What to bring to your 3ezooma tonight: <\/strong><a href=\"https:\/\/www.instagram.com\/p\/CNkEfCEnR9g\/?igshid=qn0vilfbwm4b\">Nola<\/a> has gone above and beyond with their Ramadan treats this year and we don\u2019t know where to begin. Their sweet offerings are mostly classic desserts including kunafa, roz bel laban and mahalabiya with a modern twist. <strong>We\u2019re eyeing their konafa Lotus cake, om ali cr\u00e8me br\u00fbl\u00e9e, kunafa Nutella nut bomb<\/strong>, and Cadbury biscuit tart. They\u2019ve also got roz bel laban mi3amar, an odret ader cake, an oriental plate of atayef and bala7 el sham. If you\u2019re headed to a gathering with kids and you want to be the hero of the 3ezooma, check out their Ramadan DIY kit box, with empty kunafa bites that come with piping bags of Lotus and Nutella, as well as some cute arts and crafts including a wood fanoos.<\/p>\n<p><strong>We sat down with Laila and Adel Sedky from Nola on our podcast Making It<\/strong> last year ahead of Ramadan and the duo gave us the rundown of how much time and effort it takes to perfect the perfect Ramadan desserts (<a href=\"https:\/\/enterprise.press\/podcasts\/surviving-end-trend-going-beyond-cupcakes-nola\/\">listen, runtime: 38:51<\/a>).<\/p>\n<p><strong>Also: We still maintain that all of Egypt owes a debt of gratitude to our friend Youssef <\/strong><strong>\u201cAbu Kunafa\u201d Kamal<\/strong>, now at Arqaam, whose family we credit for having been the first to ever make kunafa Nutella.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>There\u2019s not much happening on the first day of Ramadan <\/strong>\u2014 a day best spent with family and friends.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Ramadan Recipes: <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Ramadan-Recipes-Holiday-Table-Yours-ebook\/dp\/B07XXGGRN9\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">From Our Holiday Table to Yours<\/a><\/strong><strong> is one of the few English language <\/strong><strong>cookbooks revolving around the holy month. <\/strong>Written by Samantha Sanchez, the book features dishes from Morocco, Pakistan, Afghanistan, Turkey, Albania, Uzbekistan, and Egypt. It\u2019s interesting to see the flavors and recipes Muslim cultures around the world have come up with to celebrate Ramadan, and its a cheap read that promises to spice up your Iftar table with new culinary surprises.<\/p>\n<p><strong>Or stay closer to home with Samia Abdennour\u2019s Egyptian Cooking <\/strong><a href=\"https:\/\/aucpress.com\/product\/egyptian-cooking\/\">from the AUC Press<\/a>, first published in 1984 and a \u201ca must-have cookbook for anyone who wants to eat as the Egyptians do.\u201d<\/p>\n<hr class=\"grey-line\">\n<p>? <strong>TOMORROW\u2019S WEATHER- <\/strong> Expect daytime highs of 29\u00b0C and nighttime lows of 14\u00b0C before the weather gets hotter (and potentially more dusty) in the coming days, our favorite weather app tells us.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/johnson-johnson\/\">Johnson &amp; Johnson<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-trade-organization\/\">World Trade Organization<\/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=\"565508\" 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 !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-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\/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-r61xpvs\" data-v=\"4\" data-block-id=\"r61xpvs\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-r61xpvs-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-r61xpvs-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-x7u9r9d\" data-v=\"4\" data-block-id=\"x7u9r9d\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-x7u9r9d-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-x7u9r9d-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=\"565509\" 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=\"565509\">\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:M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/its-official-chg-wants-alex-medical\/\">\r\n                            It\u2019s official: CHG wants Alex Medical                        <\/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\/13\/its-official-chg-wants-alex-medical\/\" 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\/13\/its-official-chg-wants-alex-medical\/')\">\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\/13\/its-official-chg-wants-alex-medical\/\">\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=It\u2019s official: CHG wants Alex Medical&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/its-official-chg-wants-alex-medical\/\">\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\/13\/its-official-chg-wants-alex-medical\/&title=It\u2019s official: CHG wants Alex Medical\">\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=It%E2%80%99s+official%3A+CHG+wants+Alex+Medical+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F13%2Fits-official-chg-wants-alex-medical%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\/13\/its-official-chg-wants-alex-medical\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565509\" class=\"content-area-description single-story post-565509 post type-post status-publish format-standard hentry category-speed-roundma-watch tag-alexandria-medical-services tag-cleopatra-hospitals-group tag-enterprisepm tag-healthcare tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Cleopatra Hospitals has confirmed it\u2019s in the race for a stake in Alex Medical:<\/strong> EGX-listed Cleopatra Hospitals Group (CHG) has submitted a non-binding letter of intent to acquire Abu Dhabi Commercial Bank\u2019s (ADCB) 51.5% stake in Alexandria Medical Services, it said in a <a href=\"https:\/\/ent.news\/2021\/4\/CHG-Alex-Med-13-04-2021.pdf\">regulatory filing (pdf)<\/a> this morning. CHG submitted the letter to CI Capital, Alex Medical\u2019s advisor, and is currently negotiating terms. The announcement confirms a press report <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a108ea38-12e7-4974-9c7c-e191893d0399\">earlier this week<\/a> that CHG is the latest to show interest in acquiring a majority stake in the healthcare provider.<\/p>\n<p><strong>Who else is in the running? <\/strong>A consortium of Speed Medical, Saudi\u2019s Tawasol Holdings (already a 26% shareholder in Alex Medical), and Sharif El Akhdar\u2019s <a href=\"https:\/\/www.limevest.com\/\">LimeVest<\/a> has already made an offer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a108ea38-12e7-4974-9c7c-e191893d0399\">this week<\/a>. A rival group including Mabaret Al Asafra and investment firm Tana Africa Capital <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32464677-86e4-46cf-8bd1-d46f985c44a4\">is interested<\/a>.<\/p>\n<p><strong>How much could the transaction be worth?<\/strong> An offer on the table from the Mabaret Al Asafra \/ Tana consortium values Alex Medical \u2014 which operates the Alexandria New Medical Center large hospital building \u2014 at nearly EGP 650 mn, <a href=\"https:\/\/bit.ly\/3devak5\">Al Mal<\/a> reported, citing unnamed sources.<\/p>\n<p><strong>Advisors:<\/strong> EFG Hermes is acting as CHG\u2019s financial advisor, while Arqaam Capital is advising the Mabaret Al Asafra-Tana consortium. Zilla Capital is advising Mabaret Al Asafra\u2019s shareholders. Prime Capital is advising the Tawasol-Speed Medical consortium. CI Capital is sell-side advisor.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alexandria-medical-services\/\">Alexandria Medical Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cleopatra-hospitals-group\/\">Cleopatra Hospitals Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565510\" 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=\"565510\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/take-your-pick-of-54-new-hotels-in-egypt\/\">\r\n                            Take your pick of 54 new hotels in Egypt                        <\/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\/13\/take-your-pick-of-54-new-hotels-in-egypt\/\" 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\/13\/take-your-pick-of-54-new-hotels-in-egypt\/')\">\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\/13\/take-your-pick-of-54-new-hotels-in-egypt\/\">\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 your pick of 54 new hotels in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/take-your-pick-of-54-new-hotels-in-egypt\/\">\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\/13\/take-your-pick-of-54-new-hotels-in-egypt\/&title=Take your pick of 54 new hotels in Egypt\">\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+your+pick+of+54+new+hotels+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F13%2Ftake-your-pick-of-54-new-hotels-in-egypt%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\/13\/take-your-pick-of-54-new-hotels-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/406.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565511\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/take-your-pick-of-54-new-hotels-in-egypt\/406-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/406.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"406.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/406.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/406.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565510\" class=\"content-area-description single-story post-565510 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-enterprisepm tag-hurghada tag-movenpick tag-sharm-el-sheikh tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>We currently have 54 new hotels in development across Egypt, which will add a <\/strong><strong>combined 16k new rooms by 2023<\/strong>, according to <a href=\"https:\/\/tophotel.news\/country-overview-over-50-hotels-in-the-pipeline-across-egypt\/\">Top Hotels News<\/a>\u2019 database. The busy hotel development pipeline is concentrated mostly in Cairo, Sharm El Sheikh, and Hurghada. Cairo has 12 hotels currently under development, while the beachside tourism towns of Sharm El Sheikh and Hurghada promise bigger and more leisure-focused resorts. Of the 54 properties, 30 are expected to be in the luxury five-star segment while the remaining 24 will fall into the four-star category.<\/p>\n<p><strong>This year alone should see 14 new properties open their doors<\/strong>, with four already in the pre-opening phase. Hilton Secon Nile Tower is one of the hotels slated to launch soon, with its doors reportedly opening by mid-2021. Another 12 hotels \u2014 with a combined 3,990 rooms \u2014 are expected to open their doors in 2022, while 14 properties (3,816 rooms) are set to open in 2023.<\/p>\n<p><strong>The hotel additions come as Egypt\u2019s tourism industry is clawing its way back to a <\/strong><strong>recovery:<\/strong> Hotel occupancy rates have been going up in the past few months, averaging between <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebd2e351-53ca-4fe0-81c0-e6cf75d31a99\">40-45% in 1Q2021<\/a> and are expected to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f5879ef4-4c9b-4b38-8d93-6982e3bb717b\">pick up further<\/a> this year as vaccine rollouts continue. The industry is expected to reach pre-pandemic levels by 2022 as the appeal of open air resorts and the new Grand Egyptian Museum contribute to a faster recovery, Tourism Minister Khaled El Anany had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/093c4b68-9f7e-42a5-bcaa-05f89fb4b473\">previously said<\/a>. Bank of America <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44e7eec9-9292-4bf9-9d3a-557d9053d950\">echoed<\/a> the expected recovery date, adding that revenues in Egypt\u2019s tourism sector could hit USD 7 bn next year.<\/p>\n<p><strong>As we reported this morning: Tourism revenues slowly mounting a comeback<\/strong>, with total receipts rising almost 25% in the three months ending 31 December compared with the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a80efc38-b49b-4f60-906a-1d118896b74b\">USD 801 mn taken in<\/a> in the first quarter of the state\u2019s fiscal year. Still, total tourism revenues remain far below pre-pandemic levels, clocking in at USD 987 mn during the three months to 31 December 2020, less than a third of the USD 3.1 bn taken in 2Q2019-2020.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/movenpick\/\">Movenpick<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sharm-el-sheikh\/\">Sharm El Sheikh<\/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=\"565512\" 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=\"565512\">\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\/04\/13\/meet-our-analyst-of-the-week-misr-capitals-ahmed-adel\/\">\r\n                            Meet our analyst of the week: Misr Capital\u2019s Ahmed Adel                        <\/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\/13\/meet-our-analyst-of-the-week-misr-capitals-ahmed-adel\/\" 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\/13\/meet-our-analyst-of-the-week-misr-capitals-ahmed-adel\/')\">\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\/13\/meet-our-analyst-of-the-week-misr-capitals-ahmed-adel\/\">\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=Meet our analyst of the week: Misr Capital\u2019s Ahmed Adel&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/meet-our-analyst-of-the-week-misr-capitals-ahmed-adel\/\">\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\/13\/meet-our-analyst-of-the-week-misr-capitals-ahmed-adel\/&title=Meet our analyst of the week: Misr Capital\u2019s Ahmed Adel\">\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=Meet+our+analyst+of+the+week%3A+Misr+Capital%E2%80%99s+Ahmed+Adel+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F13%2Fmeet-our-analyst-of-the-week-misr-capitals-ahmed-adel%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\/13\/meet-our-analyst-of-the-week-misr-capitals-ahmed-adel\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/407.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565513\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/meet-our-analyst-of-the-week-misr-capitals-ahmed-adel\/407-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/407.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"407.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/407.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/407.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565512\" class=\"content-area-description single-story post-565512 post type-post status-publish format-standard has-post-thumbnail hentry category-go-with-the-flow tag-enterprisepm tag-go-with-the-flow tag-misr-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>OUR ANALYST OF THE WEEK-<\/strong> Ahmed Adel, head of buy-side research at Misr Capital (<a href=\"https:\/\/www.linkedin.com\/in\/ahmed-adel-a3b21523\/?originalSubdomain=eg\">Linkedin<\/a>).<\/p>\n<p><strong>My name is Ahmed Adel and even though I started my career on the sell-side, I\u2019ve shifted to buy-side <\/strong>\u2014 a move I\u2019ve been trying to do for a while now after having more than 12 years of experience in equity research. I started my career at Naeem Holding, where I met my first mentor, Micheal Miller, who is now an investor manager at <a href=\"https:\/\/www.martincurrie.com\/\">Martin Curry<\/a>. I then moved to HC Securities and then Beltone Financial for five years. During my career in sell-side, I covered telecoms, healthcare, and consumers in the MENA region.<\/p>\n<p><strong>I decided to move to buy-side because I wanted to be able to make decisions for my entity.<\/strong> I had a rich experience in sell-side and I had the privilege of seeing a lot of transactions, but I felt that I could do more than giving recommendations and waiting to see if clients would go for my calls. Buy-side is where you take the decisions while also getting the chance to cover all sectors. I try to always be selective and comprehensive while utilizing my analytic background to come up with stock selections.<\/p>\n<p><strong>The best part of my job is always seeking <\/strong><strong><a href=\"https:\/\/www.investopedia.com\/terms\/a\/alpha.asp#:~:text=Alpha%20(%CE%B1)%20is%20a%20term,to%20systematically%20earn%20returns%20that\">investment alpha<\/a><\/strong><strong>.<\/strong> I also enjoy the depth of analysis and fundamentals. I love numbers in general and modeling is a great way to put that love into my work.<\/p>\n<p><strong>Meanwhile, the best part of my career was being the lead sell-side analyst for two IPOs in the market: <\/strong>MM Group and Ibn Sina Pharma.<\/p>\n<p><strong>The worst part of my job is always having to be connected. <\/strong>It\u2019s very hard to make plans and stick to them because anything can pop up suddenly and you have to drop everything to manage it.<\/p>\n<p><strong>The pandemic didn\u2019t affect our workflow much and I attribute that to the proactive team I work with.<\/strong> When you have a strong team, nothing will stop them from doing their work whether it's from home, from the office, or under attack \u2014 that last one might be a stretch [laughs].<\/p>\n<p><strong>At Misr Capital we\u2019ve been putting a lot of emphasis on environmental, social and governance (ESG) factors when deciding on viable investments. <\/strong>We use it in our valuations and scoring for companies and management has been very receptive to this change in thinking and developing. I think in Egypt in general we need to focus on the governance aspect in the near term by having <strong>independent board members and more female representation on boards<\/strong>. I see the country improving on the ESG fronts in the next 2-3 years as Egypt\u2019s authorities have been supportive of the move and continue to encourage it immensely.<\/p>\n<p><strong>As a father of two daughters and a brother to many sisters, I hope more focus on ESG can make the country a better place for women.<\/strong> I\u2019ve seen through my family and female colleagues the challenges that face women at work and in life, and it\u2019s important moving forward to have them well-represented and empowered on boards and in business in general.<\/p>\n<p><strong>My theory of investment is viva fundamentals.<\/strong> I\u2019m a big fan of <a href=\"https:\/\/en.wikipedia.org\/wiki\/Seth_Klarman\">Seth Klarman<\/a>\u2019s saying, \u201cWe don't have an analytical advantage, we just look in the right place.\u201d Everyone has access to the same financials, but it's about looking in the right places and sifting through the available information to find what\u2019s important to you.<\/p>\n<p><strong>The most important thing I look at in the company is an adaptable vision and quality.<\/strong> The world is changing technologically and economically and firms need to be able to be flexible to it and find ways to capitalize on it while maintaining a certain quality in operations and management. During covid for example, firms had to find digital methods to offer a service or fill in gaps in their business cycle and this helped them find real value for the future.<\/p>\n<p><strong>I think the fresh blood we\u2019ll potentially see this year in Egypt\u2019s capital markets bodes well for 2021.<\/strong> I also think we have a solid outlook on the macro front thanks to the government's reforms and the expected return in tourism. I think the royal mummies parade really added to the latter of those and I\u2019m personally very proud of what I saw.<\/p>\n<p><strong>What I think the market needs going forward is more sector representation and better disclosures<\/strong> \u2014 of course alongside the planned IPOs to go through.<\/p>\n<p><strong>Watching movies is a kind of meditation for me and I like to see films from different cultures and locations<\/strong> as opposed to always sticking to Hollywood. The last great things I watched are an Indian movie called <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/80202877\">The White Tiger<\/a>, Turkish movie <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81334946\">Paper Lives<\/a>, and a German series called <a href=\"https:\/\/www.imdb.com\/title\/tt6258718\/\">Bad Banks<\/a>. Other than those, my guilty pleasure is to watch cooking shows with my wife. We particularly enjoy <a href=\"https:\/\/www.imdb.com\/title\/tt1626459\/\">Kitchen Wars<\/a> \u2014 Manu habiby \u2014and <a href=\"https:\/\/www.fox.com\/hells-kitchen\/\">Hell\u2019s Kitchen<\/a>.<\/p>\n<p><strong>In my freetime, I like to spend time with my daughters, wife, and parents.<\/strong> I\u2019m very family oriented. With my daughters, Linda and Nelly, I like to introduce them to old games such as \u2018Basra\u2019 and Ludo and see how they react to it. At three and five years old, they\u2019re usually into it for a while, but soon opt to go back to their more modern games. When I can, I also like to take them on trips and try to see the world from their eyes.<\/p>\n<p><strong>The biggest thing the pandemic has taught me is to appreciate our life and our health. <\/strong>Unfortunately, I think it\u2019s true that you only appreciate something when you don\u2019t have it anymore. I really missed going to the office for example, something I thought wouldn\u2019t ever happen.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The EGX30 fell 1.4% at today\u2019s close<\/strong> on turnover of EGP 995 mn (27.3% above the 90-day average). Foreign investors were net sellers. The index is down 5.0% YTD.<\/p>\n<p><strong>In the green: <\/strong>AMOC (+15.1%), Fawry (+0.8%) and Credit Agricole (+0.3%).<\/p>\n<p><strong>In the red: <\/strong>ElSewedy Electric (-7.3%), Heliopolis Housing (-4.4%) and Ibnsina Pharma (-4.1%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/misr-capital\/\">Misr Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565514\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565515\" 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=\"565515\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/future-em-growth-will-be-driven-by-tech-adoption-not-exports\/\">\r\n                            Future EM growth will be driven by tech adoption, not exports                        <\/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\/13\/future-em-growth-will-be-driven-by-tech-adoption-not-exports\/\" 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\/13\/future-em-growth-will-be-driven-by-tech-adoption-not-exports\/')\">\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\/13\/future-em-growth-will-be-driven-by-tech-adoption-not-exports\/\">\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=Future EM growth will be driven by tech adoption, not exports&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/future-em-growth-will-be-driven-by-tech-adoption-not-exports\/\">\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\/13\/future-em-growth-will-be-driven-by-tech-adoption-not-exports\/&title=Future EM growth will be driven by tech adoption, not exports\">\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=Future+EM+growth+will+be+driven+by+tech+adoption%2C+not+exports+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F13%2Ffuture-em-growth-will-be-driven-by-tech-adoption-not-exports%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\/13\/future-em-growth-will-be-driven-by-tech-adoption-not-exports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/408.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565516\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/future-em-growth-will-be-driven-by-tech-adoption-not-exports\/408-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/408.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"408.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/408.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/408.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565515\" class=\"content-area-description single-story post-565515 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-digitization tag-emerging-markets tag-enterprisepm tag-technology tag-the-macro-picture 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>Tech adoption will be the biggest driver of future EM growth in a deglobalizing<\/strong><strong> world: <\/strong>As more economies move towards sourcing products locally \u2014 a trend that has <a href=\"https:\/\/www.theguardian.com\/business\/2020\/jun\/04\/deglobalisation-will-hurt-growth-everywhere\">accelerated<\/a> with trade protectionism, followed by the interruption of global supply chains during by covid-19 \u2014 global growth is at risk of a serious slowdown, nowhere more so than in export-dependent emerging economies. But amid rising post-pandemic debts for EMs, digitization presents a sliver of hope for developing economies to catch up with their developed peers, with tech presenting a wealth of growth potential in various sectors, writes Morgan Stanley Investment Management\u2019s chief global strategist Ruchir Sharma for the <a href=\"https:\/\/www.ft.com\/content\/2356928b-d909-4a1d-b108-7b60983e3d22\">Financial Times<\/a>.<\/p>\n<p><strong>Unlike oversaturated developed economies, the tech space is still developing in many EMs: <\/strong>The 26% annual digital revenue growth in EMs since 2017 has outpaced developed economies\u2019 11%, and 16 of the top 30 nations based on revenue from digital services are emerging market economies. This means more people in developing economies are starting tech-focused businesses, or finding a way to use digital tools to enhance their existing ones. More than 10k tech firms have been launched in EMs since 2014, with nearly half of those outside China.<\/p>\n<p><strong>China is a prime example of how far a tech boost can go: <\/strong>While much of China\u2019s <a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2015\/09\/28\/04\/53\/sp030706\">economic growth since the 1970s<\/a> was driven by a conventional boost in industrial productivity sustained by high demand for cheap Chinese imports that made China <a href=\"https:\/\/www.statista.com\/topics\/1456\/export-in-china\/\">the world\u2019s largest export economy as of 2014<\/a>, China\u2019s digital economy <a href=\"https:\/\/www.globaltimes.cn\/page\/202101\/1212840.shtml#:~:text=The%20growth%20scale%20of%20China's,of%2520Information%2520and%2520Communications%2520Technology.\">grew three times as much<\/a> as its traditional manufacturing economy in 2019, accounting for 36% of GDP. This was driven both by technology facilitating a reduction in manufacturing and operations costs in traditional industries, as well as the emergence of highly profitable fintech and e-commerce ventures supported by digital adoption.<\/p>\n<p><strong>Poor infrastructure and services in some EMs could be fueling the accelerated transformation<\/strong>, as citizens look to banking, post, and education and healthcare apps to plug a gap left by ineffective state institutions. Governments themselves have been keen to adopt digital tools and move some of their services online, as a way to cut down on costs and reduce potential corruption, which has long been a detriment to the process of doing business in EMs.<\/p>\n<p><strong>And growing internet penetration will be key to ensuring this growth is sustained: <\/strong>A 2017 study forecast that the next 1 bn internet users expected to come online by 2021 worldwide would come from 11 EM economies, including Mexico, Brazil, India, and Egypt, thanks to improvements in cellular data infrastructure and falling costs of connectivity.<\/p>\n<p><strong>How <\/strong><strong>is the digital<\/strong><strong> transformation helping EM entrepreneurs?<\/strong> Among other benefits, the digital transformation will grow consumer markets, open up new avenues for MSME financing, and cut down on the cost of starting a business \u2014 which in emerging economies has already fallen from 66% of annual average income to just 27% over the past decade. In contrast, the cost of opening up a business in the developed world has not significantly dropped over this time period, possibly explaining why digital ventures have taken hold in EMs.<\/p>\n<p><strong>Egypt is no different, with various stripes of tech ventures seeing their heyday: <\/strong>The local <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95fd4693-c881-4eae-9ca3-59fef0460a7c\">fintech<\/a> and e-commerce industries <a href=\"https:\/\/enterprise.press\/hardhats\/2020-review-diversification-digitization-guided-infrastructure-2020-may-continue-2021\/\">have boomed over the past year<\/a>, helped along by covid-19. The number of mobile wallets in Egypt jumped at least 17% to 14.4 mn between March and October last year, while <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/208829a0-ff48-42c4-8f8b-192fc881f04d\">digital banking<\/a> is also on the rise. This is all being supported by the government\u2019s far-reaching digitization and financial inclusion strategy, which has seen it launch digital government services and a unified tax <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">e-invoicing system<\/a>, among others.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/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=\"565517\" 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=\"565517\">\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\">SELF IMPROVEMENT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/why-do-we-procrastinate-and-how-can-we-put-a-stop-to-it\/\">\r\n                            Why do we procrastinate \u2014 and how can we put a stop to it?                        <\/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\/13\/why-do-we-procrastinate-and-how-can-we-put-a-stop-to-it\/\" 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\/13\/why-do-we-procrastinate-and-how-can-we-put-a-stop-to-it\/')\">\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\/13\/why-do-we-procrastinate-and-how-can-we-put-a-stop-to-it\/\">\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 do we procrastinate \u2014 and how can we put a stop to it?&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/why-do-we-procrastinate-and-how-can-we-put-a-stop-to-it\/\">\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\/13\/why-do-we-procrastinate-and-how-can-we-put-a-stop-to-it\/&title=Why do we procrastinate \u2014 and how can we put a stop to it?\">\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+do+we+procrastinate+%E2%80%94+and+how+can+we+put+a+stop+to+it%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F13%2Fwhy-do-we-procrastinate-and-how-can-we-put-a-stop-to-it%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\/13\/why-do-we-procrastinate-and-how-can-we-put-a-stop-to-it\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/409.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565518\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/why-do-we-procrastinate-and-how-can-we-put-a-stop-to-it\/409-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/409.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"409.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/409.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/409.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565517\" class=\"content-area-description single-story post-565517 post type-post status-publish format-standard has-post-thumbnail hentry category-self-improvement tag-enterprisepm tag-psychology tag-self-improvement 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-08\"><\/a> <strong>Is poor time management really why we procrastinate? <\/strong>Traditional thinking still touted by university counseling centers around the world is that procrastination is a problem with time management, but <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/B9780128028629000086\">new research suggests<\/a> at its core, procrastination is the result of an emotional response, Mark Johanson writes for the <a href=\"https:\/\/www.bbc.com\/worklife\/article\/20210310-why-we-procrastinate-on-the-tiniest-of-tasks\">BBC<\/a>.<\/p>\n<p><strong>Making mountains out of molehills: <\/strong>The habit of letting tiny tasks take up an abnormally large space in our minds is the result of doubt, insecurity, fear, or feelings of incompetence, experts suggest. The process feeds on itself through the neural response known as the Amygdala Hijack, an overwhelming emotional response that is out of proportion with the stimulus that caused it, and can be triggered when we think of our outstanding tasks. This, of course, is counterproductive, as worrying about your own procrastination drains your cognitive abilities and <a href=\"https:\/\/www.bbc.com\/worklife\/article\/20201103-cognitive-load-theory-explaining-our-fight-for-focus\">reduces your problem solving capacities<\/a>.<\/p>\n<p><strong>Procrastination is a misguided emotional regulation strategy:<\/strong> While it might bring short-term relief from an otherwise mundane or unpleasant task, people who procrastinate often feel guilty and more stressed after the fact, Christian Jarret writes for <a href=\"https:\/\/www.bbc.com\/worklife\/article\/20200121-why-procrastination-is-about-managing-emotions-not-time\">BBC<\/a>. People who chronically procrastinate generally suffer from higher levels of <a href=\"https:\/\/psycnet.apa.org\/record\/2000-14236-004\">psychological inflexibility<\/a>, higher levels of stress, poor sleep patterns and worse job prospects. Procrastination is also linked to depression and anxiety, and can undermine personal relationships.<\/p>\n<p><strong>So how do you tackle your neverending to do list? <\/strong>First, practice self-compassion towards the emotional response, and reframe your mindset towards the task, experts suggest. Another suggestion is to jump straight into the task without giving it too much consideration, knowing that the serotonin boost you\u2019re likely to get from that sense of accomplishment can keep you going. Fitting smaller tasks into the framework of a bigger task, like tidying the living room while the pasta cooks, can also help create the illusion that no extra time was lost on the unpleasant task.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/psychology\/\">psychology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/self-improvement\/\">SELF IMPROVEMENT<\/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=\"565519\" 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=\"565519\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/mahmoud-mokhtars-ibn-el-balad-sold-for-approx-egp-4-mn\/\">\r\n                            Mahmoud Mokhtar\u2019s Ibn El Balad sold for approx. EGP 4 mn                        <\/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\/13\/mahmoud-mokhtars-ibn-el-balad-sold-for-approx-egp-4-mn\/\" 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\/13\/mahmoud-mokhtars-ibn-el-balad-sold-for-approx-egp-4-mn\/')\">\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\/13\/mahmoud-mokhtars-ibn-el-balad-sold-for-approx-egp-4-mn\/\">\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=Mahmoud Mokhtar\u2019s Ibn El Balad sold for approx. EGP 4 mn&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/mahmoud-mokhtars-ibn-el-balad-sold-for-approx-egp-4-mn\/\">\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\/13\/mahmoud-mokhtars-ibn-el-balad-sold-for-approx-egp-4-mn\/&title=Mahmoud Mokhtar\u2019s Ibn El Balad sold for approx. EGP 4 mn\">\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=Mahmoud+Mokhtar%E2%80%99s+Ibn+El+Balad+sold+for+approx.+EGP+4+mn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F13%2Fmahmoud-mokhtars-ibn-el-balad-sold-for-approx-egp-4-mn%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\/13\/mahmoud-mokhtars-ibn-el-balad-sold-for-approx-egp-4-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/410.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565520\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/mahmoud-mokhtars-ibn-el-balad-sold-for-approx-egp-4-mn\/410-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/410.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"410.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/410.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/410.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565519\" class=\"content-area-description single-story post-565519 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterprisepm tag-on-your-way-out wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A statue by <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a84e2df5-1cac-4d8f-a23b-c20f7b634a01\">Mahmoud Mokhtar<\/a><\/strong><strong>, dubbed Ibn El Balad (Son of the Nation), was sold for GBP 189k (approx. EGP 4 mn) <\/strong>by UK auction house Sotheby's in its \"20th Century Art \/ Middle East\" auction, compared to its estimated value of GBP 90k-1110k, according to the<a href=\"https:\/\/www.sothebys.com\/en\/buy\/auction\/2021\/20th-century-art-middle-east\/ibn-el-balad-son-of-the-nation\">auction results.<\/a> The bronze property was owned by the heirs of the \u201cillustrious collector and renaissance man,\u201d Hafez Afifi Pasha.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/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=\"565521\" 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\/13\/your-essential-business-calendar-on-13-april-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565521\" class=\"content-area-description single-story post-565521 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>13 April (Tuesday): First day of Ramadan.<\/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\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":565506,"template":"","categories":[],"tags":[],"class_list":["post-565505","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5ff4aa72-df38-4f6a-858f-963cbef5dcf7","teaser":"","photo_url":"https:\/\/ent.news\/2021\/4\/404.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>EnterprisePM\u2014 It\u2019s official: Cleopatra Hospitals wants Alex Medical - 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\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EnterprisePM\u2014 It\u2019s official: Cleopatra Hospitals wants Alex Medical\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T05:00:52+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\/404.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\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/\",\"name\":\"EnterprisePM\u2014 It\u2019s official: Cleopatra Hospitals wants Alex Medical - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/404.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-04-13T13:26:35+00:00\",\"dateModified\":\"2025-12-16T05:00:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/404.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/404.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Afternoon\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/PMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"EnterprisePM\u2014 It\u2019s official: Cleopatra Hospitals wants Alex Medical\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EnterprisePM\u2014 It\u2019s official: Cleopatra Hospitals wants Alex Medical - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/","og_locale":"en_US","og_type":"article","og_title":"EnterprisePM\u2014 It\u2019s official: Cleopatra Hospitals wants Alex Medical","og_url":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T05:00:52+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/404.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/","url":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/","name":"EnterprisePM\u2014 It\u2019s official: Cleopatra Hospitals wants Alex Medical - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/404.jpg?fit=%2C&ssl=1","datePublished":"2021-04-13T13:26:35+00:00","dateModified":"2025-12-16T05:00:52+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/404.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/404.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprisepm-its-official-cleopatra-hospitals-wants-alex-medical\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Afternoon","item":"https:\/\/enterpriseam.com\/egypt\/PMarchives\/"},{"@type":"ListItem","position":3,"name":"EnterprisePM\u2014 It\u2019s official: Cleopatra Hospitals wants Alex Medical"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/afternoon"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/565506"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}