{"id":565622,"date":"2021-04-20T13:37:58","date_gmt":"2021-04-20T13:37:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=565622"},"modified":"2025-12-16T05:03:49","modified_gmt":"2025-12-16T05:03:49","slug":"enterprise-is-moscow-about-to-greenlight-direct-flights-to-egypts-seaside-hotspots","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-is-moscow-about-to-greenlight-direct-flights-to-egypts-seaside-hotspots\/","title":{"rendered":"Enterprise Is Moscow about to greenlight direct flights to Egypt\u2019s seaside hotspots?"},"content":{"rendered":"<section id=\"565624\" 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=\"565624\">\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\/20\/tonight-madbouly-leads-large-cabinet-delegation-to-libya-is-it-time-to-stop-wearing-masks-outdoors\/\">\r\n                            TONIGHT: Madbouly leads large cabinet delegation to Libya + is it time to stop wearing masks outdoors?                        <\/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\/20\/tonight-madbouly-leads-large-cabinet-delegation-to-libya-is-it-time-to-stop-wearing-masks-outdoors\/\" 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\/20\/tonight-madbouly-leads-large-cabinet-delegation-to-libya-is-it-time-to-stop-wearing-masks-outdoors\/')\">\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\/20\/tonight-madbouly-leads-large-cabinet-delegation-to-libya-is-it-time-to-stop-wearing-masks-outdoors\/\">\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: Madbouly leads large cabinet delegation to Libya + is it time to stop wearing masks outdoors?&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/tonight-madbouly-leads-large-cabinet-delegation-to-libya-is-it-time-to-stop-wearing-masks-outdoors\/\">\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\/20\/tonight-madbouly-leads-large-cabinet-delegation-to-libya-is-it-time-to-stop-wearing-masks-outdoors\/&title=TONIGHT: Madbouly leads large cabinet delegation to Libya + is it time to stop wearing masks outdoors?\">\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+Madbouly+leads+large+cabinet+delegation+to+Libya+%2B+is+it+time+to+stop+wearing+masks+outdoors%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Ftonight-madbouly-leads-large-cabinet-delegation-to-libya-is-it-time-to-stop-wearing-masks-outdoors%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\/20\/tonight-madbouly-leads-large-cabinet-delegation-to-libya-is-it-time-to-stop-wearing-masks-outdoors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565624\" class=\"content-area-description single-story post-565624 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-abdel-hamid-al-dabaiba tag-china tag-diplomacy tag-enterprisepm tag-gafi tag-libya tag-moustafa-madbouly tag-russia tag-travel tag-us tag-what-were-tracking-tonight tag-xi-jinping wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Hello, everyone. <\/strong>We\u2019re now over the mid-week hump and coasting straight toward the what we hope will be a three-day weekend.<\/p>\n<p><strong>THE BIG STORY this afternoon? <\/strong>It\u2019s got to be talk that Moscow may soon allow the resumption of direct flights from Russia to Egypt\u2019s seaside resorts, possibly giving a very nice boost to our tourism industry, which continues to struggle thanks to the global pandemic. We have chapter and verse in Speed Round, below.<\/p>\n<p><strong>HAPPENING NOW- Prime Minister Moustafa Madbouly and 11 members of his cabinet are <\/strong><strong>flying now to Libya for talks<\/strong>, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1910432252468464\/\">a Cabinet statement<\/a>. Among those heading west are the ministers of international cooperation, communications and information technology, health, transport, civil aviation, oil, electricity, manpower, trade and industry, education, and housing, among others. While in Tripoli, the PM is expected to meet with the prime minister-designate of the new interim Government of National Unity, Abdel Hamid Al Dabaiba.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s edition of EnterpriseAM:<\/p>\n<ul>\n<li><strong>GDP growth for Egypt this year: <\/strong>Fitch forecasts Egypt\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/142978a6-9ebf-4bdc-b660-f47c678001ad\">economy will grow<\/a> at a 2.9% clip this year.<\/li>\n<li><strong>Mobile wallet users will soon be able to access loan and saving services in real <\/strong><strong>time under new regulations <\/strong>the Central Bank of Egypt (CBE) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0254dc7-6a94-44d1-bea5-2b2d784e4dce\">issued yesterday<\/a>.<\/li>\n<li><strong>Senate opposes Thanaweya Amma overhaul:<\/strong> The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27467c38-a14f-45a6-8d14-125ef5d2f3bd\">amendments<\/a> would change the way students are assessed. The proposal will now be debated by the House of Representatives.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD- The latest exchange in what the talking heads are calling the <\/strong><strong>Second Cold War<\/strong> as Chinese leader Xi Jinping \u201ccalled for a new world order, using a speech at China\u2019s flagship business event to launch a veiled attack against US global leadership and to warn against economic decoupling.\u201d The story leads the front pages everywhere from the <a href=\"https:\/\/www.ft.com\/content\/096dd554-499b-468c-b5fa-38b0352941a0\">Financial Times<\/a> to <a href=\"https:\/\/www.reuters.com\/world\/china\/chinas-president-xi-says-global-governance-system-should-be-more-equitable-fair-2021-04-20\/\">Reuters<\/a>.<\/p>\n<p><strong>China is stepping up the heat as the US ambassador to Moscow heading home for <\/strong><strong>\u201cconsultations<\/strong>,\u201d according to an <a href=\"https:\/\/ru.usembassy.gov\/ambassador-sullivan-is-returning-to-the-united-states-for-consultations-this-week\/\">embassy statement<\/a>. The move comes four days after the Kremlin suggested that Washington should recall him. Moscow has already recalled its ambassador to Washington, <a href=\"https:\/\/www.reuters.com\/world\/us\/us-ambassador-russia-return-washington-this-week-consultations-ria-2021-04-20\/\">Reuters<\/a> notes. Washington and Moscow have recently exchanged sanctions triggered by the Biden administration\u2019s finding that Russia has interfered in American elections, engaged in cyber hacking, and is threatening neighbouring Ukraine.<\/p>\n<p><strong>YOUR STATUTORILY REQUIRED afternoon covid update: There\u2019s mixed news on two of <\/strong><strong>the most-hated <\/strong>(in some circles) <strong>aspects of the pandemic. <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>#1- Twitter is on fire with calls for governments to scrap mandatory mask requirements in <\/strong><strong>outdoor spaces. <\/strong>Leading the charge are pro-mask advocates including Zeynep Tufekci. The argument? That passing someone outside on the sidewalk (even if they\u2019re running) isn\u2019t a big risk at all, so the requirement we all mask outdoors desensitizes us to the vastly higher risk of indoor transmission. Tufekci (the professor and public intellectual who has gotten more right about covid-19 than most), <a href=\"https:\/\/twitter.com\/zeynep\/status\/1378067530108047366\">notes that<\/a> \u201c<strong>Masks outdoors make sense only for *extended* contact in very close proximity (especially if talking)<\/strong> but indoors, they make sense even if beyond the six feet. The main transmission mode is clearly aerosols, not droplets, and hence those are different.\u201d Her call is spreading and has been picked up everywhere from <a href=\"https:\/\/newrepublic.com\/article\/162081\/outdoor-mask-charlie-baker-safe-summer\">the New Republic<\/a> to <a href=\"https:\/\/www.washingtonpost.com\/outlook\/2021\/04\/20\/norms-mask-wearing-need-shift\/\">the Washington Post<\/a>.<\/p>\n<p><strong>#2- The World Health Organization isn\u2019t down with vaccination passports<\/strong>, saying in a <a href=\"https:\/\/www.who.int\/news\/item\/19-04-2021-statement-on-the-seventh-meeting-of-the-international-health-regulations-(2005)-emergency-committee-regarding-the-coronavirus-disease-(covid-19)-pandemic\">statement<\/a> after a meeting yesterday that governments should \u201c<strong>not require proof of vaccination as a condition of entry<\/strong>\u201d to a country \u201cgiven the limited (although growing) evidence about the performance of vaccines in reducing transmission and the persistent inequity in the global vaccine distribution.\u201d<\/p>\n<p><strong>#3- CLOSED DOORS- <\/strong><strong>The US<\/strong><strong> will extend its \u2018Level 4: Do Not Travel\u2019 list to include around <\/strong><strong>80% of countries <\/strong>as the covid-19 pandemic continues to surge worldwide, reports <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/us-put-more-countries-under-covid-do-not-travel-advisory-state-department-2021-04-19\/\">Reuters<\/a> citing a statement from the US State Department. The US already has 34 countries listed as due to their risk to travellers, and the 80% figure means adding nearly 180 countries. <strong>Egypt is currently at Level 3<\/strong>, which the State Department defines as \u201creconsider travel.\u201d It is unclear whether we\u2019ll be nudged up a level in the coming days.<\/p>\n<p><strong>#4- OPEN DOORS- Is KSA serious about reopening next month? Maybe so.<\/strong> The latest sign: National flag carrier Saudia is tweeting to ask <a href=\"https:\/\/twitter.com\/AlArabiya_Eng\/status\/1383988405017616391?s=20\">whether its passengers have \u201cprepared their bags.\u201d<\/a><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>The iSheep among us are all jazzed up about Apple\u2019s spring event tonight. <\/strong>Pundits think the iPhone maker will unveil AirTags and a new iPad Pro with an improved display and faster processor, among other new products. The headline: Spring Loaded. The event will stream at 7pm on <a href=\"https:\/\/www.apple.com\/apple-events\/\">Apple\u2019s website<\/a> and on <a href=\"https:\/\/www.youtube.com\/watch?v=JdBYVNuky1M\">YouTube<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/www.youtube.com\/watch?v=zpvv81988v0&t=43s\">Cheech and Chong<\/a><\/strong><strong> ask: Are you celebrating 4\/20 today? <\/strong>(Ask your teenager if that doesn\u2019t mean anything to you). Also: <strong>Earth Day<\/strong> is Thursday, April 22.<\/p>\n<p><strong>Renaissance Capital virtual conference titled <\/strong><strong><a href=\"https:\/\/events.rencap.com\/esgconference\/\">RenCap ESG \u2013 a New Focus for EM<\/a><\/strong><strong> kicked <\/strong><strong>off today <\/strong>and will run until Thursday<strong>.<\/strong> The conference will include three panel discussions exploring environmental, social and governance issues in investing. Panels will be live streamed.<\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>MUST READ #1- <\/strong><strong><a href=\"https:\/\/www.aboutamazon.com\/news\/company-news\/2020-letter-to-shareholders\">Jeff Bezos\u2019 final CEO note<\/a><\/strong><strong>. <\/strong>The Lex Luthor body double has penned his last letter to shareholders as CEO as he prepares to hand over the day-to-day reins to top lieutenant Andy Jassy and become executive chairman, focusing on <a href=\"https:\/\/www.businessinsider.com\/jeff-bezos-to-step-down-as-amazon-ceo-2021-2\">\u201cnew products and early initiatives.\u201d<\/a> <strong>What makes this a must-read? <\/strong>Everything from Bezos\u2019 notion that we should all produce more than we consume through to his thoughts on how \u201cdifferentiation is survival.\u201d It\u2019s accessible, clear, visionary and to the point everything a good CEO\u2019s note should be.<\/p>\n<p><strong>MUST READ #2- What Nobel laureate Robert Schiller thinks the popular culture of the <\/strong><strong>\u201cRoaring Twenties\u201d can tell us to watch for now <\/strong>as bears call for an end to the stock market\u2019s very, very long bull run in the west. His argument: \u201cThe current widespread fascination with the rising market accompanied by recent concern about a possible downward spiral and strained stock market valuations echo those of 100 years ago,\u201d but we also have more reasons to be optimistic today than our ancestors did a century ago. Read: <strong><a href=\"https:\/\/www.nytimes.com\/2021\/04\/16\/business\/roaring-twenties-stocks.html?smid=tw-share\">Looking back at the first roaring twenties<\/a><\/strong>.<\/p>\n<p><strong>Because we have nothing better to worry about:<\/strong> Both the New York Times and the Wall Street Journal think your love of skinny jeans may \u201cdate\u201d you. See: <a href=\"https:\/\/www.nytimes.com\/2021\/04\/15\/business\/denim-cycle-loose-jeans.html\">A new \u2018denim cycle\u2019? After a decade, jeans move from skinny to loose<\/a> and <a href=\"https:\/\/www.wsj.com\/articles\/skinny-jeans-and-9-other-styles-that-date-you-11618027200\">Skinny jeans and 9 other styles that date you<\/a>.<\/p>\n<p><strong>This year could see the second-largest increase in energy-related carbon emissions<\/strong> <strong>since 2010<\/strong>, driven by a resurgence in the use of coal in Asia, according to the International Energy Agency\u2019s <a href=\"https:\/\/www.iea.org\/reports\/global-energy-review-2021\">latest report<\/a>. Global energy-related CO2 emissions could jump by 4.6% y-o-y to reach 33 bn tonnes in 2021, <strong>reversing 80% of the decline seen in 2020<\/strong>. Almost 70% of the projected increase in global energy demand is expected to come from emerging markets, while China alone is expected to account for over 50% of the increased global demand for coal, which is expected to grow by 4.5% this year. Natural gas on the other hand is set to grow by 3.2% in 2021, propelled by increasing demand in Asia, the Middle East and Russia.<\/p>\n<p><strong>Tesla under fire over bizarre car crash: <\/strong>Two US federal agencies are investigating a Tesla Model S crash in Texas that left the two passengers dead, but with neither behind the wheel, <a href=\"https:\/\/www.cnbc.com\/2021\/04\/19\/elon-musk-autopilot-not-used-in-texas-tesla-crash.html\">CNBC<\/a> reported. Preliminary police reports said no one was in the driver\u2019s seat when the car veered off the road. Tesla CEO Elon Musk has since claimed that data logs showed the car\u2019s autopilot feature was not turned on. Musk stressed that both the autopilot feature and full self-driving technologies are meant to be used with \u201cactive supervision.\u201d<\/p>\n<p><strong>US regulators have already been cracking down on driverless vehicles: <\/strong>The National Transportation Safety Board (NTSB) <a href=\"https:\/\/www.regulations.gov\/comment\/NHTSA-2020-0106-0617\">called for stronger federal requirements<\/a>on the design and usage of automated driving technologies on public roads last month. Tesla has been testing its Level 2 Autopilot system \u2014 where vehicles have some automated functions but require drivers to remain attentive and keep their hands on the wheel \u2014 in its cars \u201cwith limited oversight or reporting requirements,\u201d NTSB chief Robert Sumwalt said.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>The political thriller <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/80125395\">Miss Sloane<\/a><\/strong><strong> is now out on Netflix. <\/strong>Jessica Chastain plays Elizabeth Sloane, a Capitol Hill lobbyist (good lord\u2026) at a conservative firm who switches sides after being asked by her boss to support a new gun lobby, a move which comes at a high personal cost. Chastain was nominated for an Academy Award for her role in the film, with <a href=\"https:\/\/www.rogerebert.com\/reviews\/miss-sloane-2016\">this review<\/a> likening her to \u201cevery mastermind serial killer on \u2018Criminal Minds.\u2019\u201d <a href=\"https:\/\/www.nytimes.com\/2016\/11\/24\/movies\/miss-sloane-review-jessica-chastain.html\">The New York Times<\/a> and <a href=\"https:\/\/www.empireonline.com\/movies\/reviews\/miss-sloane-review\/\">Empire<\/a> are also fans.<\/p>\n<p>\u26bd <strong>Chelsea are playing Brighton <\/strong>tonight at 7pm in the English Premier League.<\/p>\n<p>Serie A will see <strong>Verona go up against Fiorentina <\/strong>at 8:45pm.<\/p>\n<p><strong>In Umm El Donia, the Egypt Cup is on tonight<\/strong>, with Misr Lel Makassa to face off against Ceramica Cleopatra at 9:30pm.<\/p>\n<p><strong>Liverpool forward and national star Mo Salah has been named the captain of the <\/strong><strong>Egyptian national team<\/strong>, the Egyptian Football Association said in a <a href=\"https:\/\/www.facebook.com\/efasocial\/posts\/1859492894207142\">statement<\/a>. The selection comes as Egypt is vying to qualify for the 2022 World Cup in Qatar.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>One of the best parts of the Iftar table are the appetizers.<\/strong> From sambosak (samosa, if you\u2019re on the other side of the controversy), mombar, wara2 3enab, and kobeba, <strong><a href=\"https:\/\/instagram.com\/splatter.eg?igshid=1czo7yb0qpypk\">Splatter<\/a><\/strong> offers a mezze platter that includes all our favorites and more. From cheese and fruit platters, to traditional Ramadan mezzes, to its signature seafood platter boasting mussels, shrimp, crab, salmon, and herring, these aesthetically pleasing platters are sure to become the centerpiece of any dining table.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong>El Sawy Culturewheel is hosting the standup comedy show <\/strong><strong><a href=\"https:\/\/www.culturewheel.com\/en\/events\/7brx3BqkEp\">Ostor Yarab<\/a><\/strong> tonight at 9pm, featuring nine local comedians in a two-hour performance.<\/p>\n<p><strong>Singer Shahira Kamal will be performing her recent EP album \"Dokki ya Mazzika\u201d <\/strong>at The Room New Cairo <a href=\"https:\/\/www.facebook.com\/events\/223332079564031\">tonight at 9pm<\/a>. Kamal was the voice on the Cairokee song Kol Haga Betaady.<\/p>\n<hr class=\"grey-line\">\n<p>? <strong>TOMORROW\u2019S WEATHER- More decent weather ahead. <\/strong>Expect highs of 31\u00b0C during the day and nighttime lows of 15\u00b0C tomorrow, our favorite weather app tells us.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-hamid-al-dabaiba\/\">Abdel Hamid Al Dabaiba<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gafi\/\">GAFI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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\/xi-jinping\/\">Xi Jinping<\/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=\"565625\" 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=\"565625\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: TOURISM<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/return-of-the-russians\/\">\r\n                            Return of the Russians?                        <\/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\/20\/return-of-the-russians\/\" 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\/20\/return-of-the-russians\/')\">\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\/20\/return-of-the-russians\/\">\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=Return of the Russians?&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/return-of-the-russians\/\">\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\/20\/return-of-the-russians\/&title=Return of the Russians?\">\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=Return+of+the+Russians%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Freturn-of-the-russians%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\/20\/return-of-the-russians\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/469.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565626\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/return-of-the-russians\/469-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/469.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"469.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/469.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/469.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565625\" class=\"content-area-description single-story post-565625 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-tourism tag-2015-russian-metrojet-crash tag-aviation tag-enterprisepm tag-red-sea tag-russia 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-01\"><\/a> <strong>Direct flights from Russia to Egypt\u2019s seaside tourist resorts could make a comeback in <\/strong><strong>less than a month, <\/strong>after a near five-year ban, Russia\u2019s deputy foreign minister, Mikhail Bogdanov told reporters in Moscow, according to Russian news agency <a href=\"https:\/\/www.interfax.ru\/russia\/762185\">Interfax<\/a>. \u201cEverything is going according to plan,\u201d and the resumption is due to be announced \u201cin the near future,\u201d Bogdanov said. It is \u201cpractically a foregone conclusion,\u201d he added. (Stop us if you\u2019ve heard this before\u2026) <a href=\"https:\/\/bit.ly\/3szHqQG\">Masrawy<\/a> also had the story.<\/p>\n<p><strong>Charter flights to Red Sea destinations could resume as early as 10 May, <\/strong>with Russian airlines already offering \u201cpre sales\u201d to tourists, an aviation source <a href=\"https:\/\/www.interfax.ru\/russia\/762195\">told the Russian news agency<\/a> separately. The airlines are currently seeing a high level of interest in Egyptian destinations, especially amid restrictions on travel to Turkish resorts, which are also popular among Russian tourists, the source said. \u201cAt least two airlines are working on these scenarios,\u201d with each planning to offer flights from a different Russian city, they added.<\/p>\n<p><strong>This isn\u2019t the first time we\u2019ve heard this: <\/strong>There have been multiple reports in the past five years that a resumption of flights was \u201cimminent,\u201d including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9548e22b-0048-4c03-a52b-fcfc39c10fd9\">a report<\/a> that predicted planes would be in the air last May. The issue remains on Egypt\u2019s agenda, with President Sisi <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/24\/el-sisi-brings-up-russian-flights-to-egypt-with-putin-but-no-breakthrough-yet\/\">personally raising the issue<\/a> with Russian President Vladimir Putin in the past.<\/p>\n<p><strong>Russia has maintained a ban on direct flights to Red Sea resort towns since <\/strong><strong><a href=\"https:\/\/enterprise.press\/issues\/2015\/11\/01\/authorities-downplay-wilayet-sina-claim-of-terror-attack-as-russian-charter-goes-down-in-sinai\/\">the Metrojet<\/a><\/strong><strong><a href=\"https:\/\/enterprise.press\/issues\/2015\/11\/01\/authorities-downplay-wilayet-sina-claim-of-terror-attack-as-russian-charter-goes-down-in-sinai\/\">crash<\/a><\/strong><strong> in Sinai in 2015. <\/strong>Earlier this month, aviation experts told <a href=\"https:\/\/www.interfax.ru\/world\/760948\">Interfax<\/a> that the airports of Sharm El Sheikh and Hurghada were cleared by the Russians after security experts from Moscow completed safety checks.<\/p>\n<p><strong>News of the possible flight resumption <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7843cfca-2b55-4e16-8ff7-e47e146cd31f\">comes on the heels of talks<\/a><\/strong><strong> between Foreign <\/strong><strong>Minister Sameh Shoukry and his Russian counterpart <\/strong>Sergey Lavrov in Cairo last week during which, \u201cit was possible to reach an agreement [on the resumption of flights],\u201d Bogdanov told reporters in Moscow yesterday. Shoukry and Lavrov did not make any announcements regarding the resumption of flights following the meeting, having <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7843cfca-2b55-4e16-8ff7-e47e146cd31f\">focussed instead on<\/a> Moscow\u2019s bid to mediate the Grand Ethiopian Renaissance Dam (GERD) talks.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/2015-russian-metrojet-crash\/\">2015 Russian Metrojet crash<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565627\" 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=\"565627\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/its-official-4-investors-are-in-the-bidding-war-for-alex-medical\/\">\r\n                            It\u2019s official: 4 investors are in the bidding war for 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\/20\/its-official-4-investors-are-in-the-bidding-war-for-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\/20\/its-official-4-investors-are-in-the-bidding-war-for-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\/20\/its-official-4-investors-are-in-the-bidding-war-for-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: 4 investors are in the bidding war for Alex Medical&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/its-official-4-investors-are-in-the-bidding-war-for-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\/20\/its-official-4-investors-are-in-the-bidding-war-for-alex-medical\/&title=It\u2019s official: 4 investors are in the bidding war for 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+4+investors+are+in+the+bidding+war+for+Alex+Medical+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Fits-official-4-investors-are-in-the-bidding-war-for-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\/20\/its-official-4-investors-are-in-the-bidding-war-for-alex-medical\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565627\" class=\"content-area-description single-story post-565627 post type-post status-publish format-standard hentry category-speed-round-ma-watch tag-abu-dhabi-commercial-bank tag-alexandria-medical-services tag-arqaam-capital tag-ci-capital tag-cleopatra-hospitals-group tag-efg-hermes tag-enterprisepm tag-limevest tag-ma-watch tag-seha-capital tag-speed-medical tag-tawasol-holdings tag-zilla-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Healthcare investment firm Seha Capital is the latest to throw its hat in the ring for<\/strong> <strong>Alexandria Medical Services <\/strong>as Abu Dhabi Commercial Bank(ADCB) looks to offload its 51.54% stake, Alex Medical said in <a href=\"https:\/\/ent.news\/2021\/4\/EGX-DISCLOSURE.pdf\">an EGX disclosure (pdf)<\/a>.<\/p>\n<p><strong>The company is now officially being courted by four bidders:<\/strong> EGX-listed Cleopatra Hospitals Group (CHG), Alexandria for Medical Investment Company (the majority shareholder of Mabaret Al Asafra Hospitals Group in which South Africa\u2019s Tana Capital holds a minority stake), a consortium of Speed Medical, Sharif El Akhdar\u2019s LimeVest and Saudi\u2019s Tawasol Holdings (already a 26% shareholder in Alex Medical), as well as Seha.<\/p>\n<p><strong>Investors offered an average price of EGP 50.77 per share<\/strong>, according to the disclosure, with sell-side advisor, CI Capital saying it had received non-binding letters of intent from the four bidders.<\/p>\n<p><strong>Final binding offers are expected to be submitted to CI Capital by the third week of May<\/strong>, after bidders wrap up due diligence. The closing date will soon be determined by ADCB, who will be exiting the company.<\/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 (aka Alexandria Healthcare Investments). Zilla Capital is advising Mabaret Al Asafra\u2019s shareholders. Prime Capital is advising the Tawasol-Speed Medical-LimeVest consortium. CI Capital is the sell-side advisor.<\/p>\n<p><strong>Background: <\/strong>Reports in the local press <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32464677-86e4-46cf-8bd1-d46f985c44a4\">last month<\/a> suggested that an offer is on the table from the Mabaret Al Asafra-Tana consortium that values Alex Medical at nearly EGP 650 mn. The Tawasol-Speed Medical-LimeVest consortium had also reportedly made an offer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a108ea38-12e7-4974-9c7c-e191893d0399\">earlier this month<\/a> of EGP 38.09 apiece.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alexandria-medical-services\/\">Alexandria Medical Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arqaam-capital\/\">Arqaam Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ci-capital\/\">CI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cleopatra-hospitals-group\/\">Cleopatra Hospitals Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/limevest\/\">LimeVest<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/seha-capital\/\">Seha Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-medical\/\">Speed Medical<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tawasol-holdings\/\">Tawasol Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zilla-capital\/\">Zilla 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=\"565628\" 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=\"565628\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/the-secondary-market-for-homes-just-got-interesting-to-nbfs-players-and-to-tech\/\">\r\n                            The secondary market for homes just got interesting to NBFS players \u2014 and to tech                        <\/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\/20\/the-secondary-market-for-homes-just-got-interesting-to-nbfs-players-and-to-tech\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The partnership will see the listings platform Isqan and home finance provider Qasatli offer plans of up to seven years for ready-to-move homes, signaling that the second housing market is becoming interesting to both tech and non-bank financial services players.<\/p>\n<p><strong>How will it work? <\/strong>Qasatli, a real estate consultancy that has contracts with developers including Porto Group, already offers tailored payment plans for homes through an online platform. It will make those home finance services available through <a href=\"https:\/\/www.isqan.com\/en\/\">Isqan\u2019s platform<\/a>, which is used by homebuyers eyeing existing properties listed on Isqan. Described by Isqan as the \u201cfirst of its kind in the region, the program will apply to resale units \u2013 aiming to make the process quicker, easier and more accessible.\u201d<\/p>\n<p><strong>Isqan<\/strong><strong> raised a six-figure USD seed investment from <\/strong><strong><a href=\"https:\/\/egygab.com\/\">Egygab Holding<\/a><\/strong><strong> CEO Mohamed <\/strong><strong>Gaballah<\/strong> <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/976323ff-8409-4919-8648-0b65b8dee9ad\">earlier this year<\/a><\/strong>, to support its plans to \u201cdigitize the entire real estate industry in Egypt.\u201d The company, which was founded in 2020, also said at the time that it was eyeing another financing round towards the end of this year to continue expanding and growing its product offerings.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mortgage-finance\/\">mortgage finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/non-banking-financial-services\/\">non-banking financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qasatli\/\">Qasatli<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup 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=\"565629\" 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=\"565629\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/meet-our-analyst-of-the-week-prime-holding-amr-hussein-elalfy\/\">\r\n                            Meet our analyst of the week: Prime Holding\u2019 Amr Hussein Elalfy                        <\/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\/20\/meet-our-analyst-of-the-week-prime-holding-amr-hussein-elalfy\/\" 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\/20\/meet-our-analyst-of-the-week-prime-holding-amr-hussein-elalfy\/')\">\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\/20\/meet-our-analyst-of-the-week-prime-holding-amr-hussein-elalfy\/\">\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: Prime Holding\u2019 Amr Hussein Elalfy&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/meet-our-analyst-of-the-week-prime-holding-amr-hussein-elalfy\/\">\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\/20\/meet-our-analyst-of-the-week-prime-holding-amr-hussein-elalfy\/&title=Meet our analyst of the week: Prime Holding\u2019 Amr Hussein Elalfy\">\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+Prime+Holding%E2%80%99+Amr+Hussein+Elalfy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Fmeet-our-analyst-of-the-week-prime-holding-amr-hussein-elalfy%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\/20\/meet-our-analyst-of-the-week-prime-holding-amr-hussein-elalfy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/472.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"565630\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/meet-our-analyst-of-the-week-prime-holding-amr-hussein-elalfy\/472-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/472.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"472.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/472.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/472.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565629\" class=\"content-area-description single-story post-565629 post type-post status-publish format-standard has-post-thumbnail hentry category-go-with-the-flow tag-amr-elalfy tag-analyst-of-the-week tag-enterprisepm tag-go-with-the-flow tag-prime-holding wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>OUR ANALYST OF THE WEEK- <\/strong>Amr Elalfy, head of research at Prime Holding (<a href=\"https:\/\/www.linkedin.com\/in\/amrhelalfy\/\">Linkedin<\/a>)<\/p>\n<p><strong>My name is Amr Elalfy and my slogan has always been \u201canalyst by trade, human by <\/strong><strong>experience.\u201d <\/strong>As an analyst I always try to dissect matters and create a clear picture to communicate to clients, but I also tolerate making mistakes. I learned with time that mistakes can be beneficial if you learn from them.<\/p>\n<p><strong>I\u2019ve been working as an analyst for the past two decades. <\/strong>I attended high school in the US and got my bachelor\u2019s degree from Baruch College. My first job was actually at a hedge fund in New York called King Street Capital Management. Two years later I decided to come back to Egypt to take care of my family \u2014 I\u2019m an only son. I jumped around many firms after coming back, but the first job I landed was at Prime Securities as an investment analyst. I then went on to CIBC, which is the precursor of CI Capital, before moving to Vodafone Egypt.<\/p>\n<p><strong>I felt like a fish out of water when I wasn\u2019t in the capital markets world<\/strong>, so when I got a call to come back to CI Capital, I quickly moved back to the field. After six years at CI Capital, I went to Mubasher Financial Services followed by Shuaa Securities to start up both firms\u2019 research departments from scratch. Finally, I came full circle and started working for Prime Holding once again. My specialties are the telecom and banking sectors in Egypt, but as head of research I end up covering everything.<\/p>\n<p><strong>The best part of my job is being able to voice my opinion.<\/strong> Once upon a time, my dream was to become a journalist, so in a way I think being an analyst is similar to being an investigative reporter where you dig deep and find the necessary tools to come to a conclusion and communicate it to the world. I also really appreciate the exposure to different sectors in the economy in a way that allows you to understand them well enough to move to them later on \u2014 the way I did when I moved from covering the telecom sector to working at Vodafone Egypt.<\/p>\n<p><strong>The worst part of my job is that it's very hectic and a \u201clifestyle job\u201d \u2014 which is what I call <\/strong><strong>it.<\/strong> It\u2019s never a nine-to-five job and can go on 24\/7. You have to be alert to what's going on and fast enough to come up with an instant opinion.<\/p>\n<p><strong>One of the silver linings of the pandemic was it showed that we can do our jobs from <\/strong><strong>anywhere<\/strong>. I always say that what we sell is our time, minds, and ideas and you can do that from an office, your kitchen table, the beach, or a coffee shop.<\/p>\n<p><strong>I don\u2019t like travelling, so I wasn\u2019t too disappointed when it was stopped. <\/strong>Travelling for work is hectic and can often disrupt your daily routine. So in my case, I appreciate that I can still do my job without travelling. The pandemic also forced many firms and companies to adopt and enhance digital technologies, which makes our life easier.<\/p>\n<p><strong>I don\u2019t have a theory of investment yet, but I hope to come up with one for my PhD,<\/strong> which I am pursuing at Ain Shams University. I studied for my masters at AUC and got my CFA a while later.<\/p>\n<p><strong>I also work as a professor part-time<\/strong> and have taught at AUC, GUC, MIU, and Helwan University, while at the moment I\u2019m teaching at Ain Shams University. I love teaching as it is how I learn the most. You share knowledge, think about how to present concepts, and get asked questions from students you might not have thought of yourself. <strong>I even started a podcast to help students better understand the finance and business world called <\/strong><strong><a href=\"http:\/\/apple.co\/3kVS560\">Chimp Talk<\/a><\/strong><strong>. <\/strong><\/p>\n<p><strong>Over the years, I\u2019ve learned that it's very important to have and stick to a stop-loss when <\/strong><strong>investing.<\/strong> You have to have a maximum loss that you can take and not let it exceed that on any stock. Something else I learned is to be contrarian. When everyone is looking at a certain sector with positive glasses, I try to look somewhere else that they\u2019re not as excited about.<\/p>\n<p><strong>Before recommending a stock, I always look at the risk first. <\/strong>In my head, return may never happen, but risk will always happen.<\/p>\n<p><strong>From the capital markets perspective, 2021 can definitely be the year for Egypt. <\/strong>There are a number of catalysts that I saw as positive, among them are the IPOs in the pipeline, high liquidity, a positive economic growth forecast, and the EGX30 having a lot of room to grow. The only catalyst we\u2019re missing is foreign investors coming back to the market, which I think could happen soon as well. When the dust settles on covid-19, investors will begin to look for countries that continued to grow despite the pandemic.<\/p>\n<p><strong>I recently started playing chess when I\u2019m not working<\/strong> and I\u2019ve found it helps me hone my strategy skills. I even taught my daughters Deema and Lama how to play and we often compete against each other. I also play soccer and I\u2019m a big fan of El Zamalek\u2026 I guess I\u2019m in the minority [laughs]. On longer vacations, I like to travel anywhere in Egypt \u2014 as long as I can get there without taking a flight, so the Red Sea and North Coast are among my favorite destinations<\/p>\n<p><strong>I often read articles and blogs written by UBS Chief Economist <\/strong><strong><a href=\"https:\/\/www.ubs.com\/global\/en\/wealth-management\/chief-investment-office\/about-us\/meet-the-experts\/paul-donovan.html\">Paul Donovan<\/a><\/strong><strong>.<\/strong> I even got to meet him once when he was in Egypt and he signed my book. Another writer I enjoy is <a href=\"https:\/\/contrarianedge.com\/\">Vitaliy Katsenelson<\/a> \u2014 I relate to him on a personal level as he has a similar story to mine, and on a professional level as we both have similar investment styles.<\/p>\n<p><strong>I enjoy podcasts. I listen to <\/strong><strong><a href=\"https:\/\/enterprise.press\/podcast\/\">Making It<\/a><\/strong><strong>, <\/strong><strong><a href=\"https:\/\/www.fool.com\/podcasts\/rule-breaker-investing\/\">Rule Breaker Investing<\/a><\/strong><strong>, and <\/strong><strong><a href=\"https:\/\/www.barrons.com\/podcasts\/streetwise\">Streetwise<\/a><\/strong><strong>.<\/strong><\/p>\n<p><strong>It\u2019s important to have new beginnings in life<\/strong>, be it personal or professional, as it reinvigorates you and gives you a new outlook and direction.<\/p>\n<p><strong>My ultimate goal in life is to be happy. <\/strong>I also want to impact other people\u2019s lives in a good way, whether it's through work, teaching, or just on a personal level. I\u2019m aiming to leave a legacy behind.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>The EGX30 rose 1.7% at today\u2019s close<\/strong> on turnover of EGP 1.1 bn (16.8% below the 90-day average). Local investors were net sellers. The index is down 2.1% YTD.<\/p>\n<p><strong>In the green: <\/strong>CI Capital (+5.0%), AMOC (+4.2%) and Sidi Kerir Petrochemicals (+4.1%).<\/p>\n<p><strong>In the red: <\/strong>Fawry (-2.0%), Edita (-1.5%) and Credit Agricole (-0.1%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amr-elalfy\/\">Amr Elalfy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/analyst-of-the-week\/\">analyst of the week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/prime-holding\/\">Prime Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565631\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"565632\" 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=\"565632\">\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\">Office life<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/the-way-were-evaluating-employees-is-doing-more-harm-than-good\/\">\r\n                            The way we're evaluating employees is doing more harm than good                        <\/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\/20\/the-way-were-evaluating-employees-is-doing-more-harm-than-good\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Welch \u2014 who was chairman and CEO of General Electric for two decades \u2014 used FDM to rank employees based on predetermined parameters quantifying their performance over a period of time. This model grew into a standard appraisal system in many companies worldwide, but its efficacy has been called into question over the past few years.<\/p>\n<p><strong>Why is FDM causing problems?<\/strong> The model can often prove disastrous for a company\u2019s culture or morale, writes Sarah O\u2019Connor in the <a href=\"https:\/\/www.ft.com\/content\/0691002c-2200-4583-88c9-9c942d534228\">Financial Times<\/a>. One of the model\u2019s greatest flaws, she argues, is that it conflates an employee\u2019s absolute performance with their relative performance against their peers. While an employee in a strong team might be meeting all their objectives, they might still be labeled as being an underperformer, especially if they\u2019re a newcomer who\u2019s learning the ropes. Managers also struggle to equitably rank employees playing very different roles in the company structure.<\/p>\n<p><strong>Using FDM for evaluation translated into years of what many employees complained is a toxic work culture<\/strong> at some companies including Microsoft, with good performers avoiding working together for fear of suffering in the rankings and all employees quietly sabotaging their colleagues, according to <a href=\"https:\/\/www.vanityfair.com\/news\/business\/2012\/08\/microsoft-lost-mojo-steve-ballmer\">Vanity Fair<\/a>. These practices transformed a lean competitive firm led by young visionaries of unparalleled talent into a bureaucracy-laden firm, with an internal culture that unintentionally rewards managers who strangle innovative ideas that might threaten the established order of things.<\/p>\n<p><strong>Governments are also shifting away from this ranking system: <\/strong>The UK looked into FDM for civil servants and found that \u201ca lot of the people in the bottom 10% were not underperforming,\u201d a researcher at the Institute of Government think-tank told the FT. Since then, the UK\u2019s senior civil service scrapped forced distribution in 2019, following Microsoft\u2019s 2013 lead.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/general-electric\/\">General Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-resources\/\">Human resources<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/microsoft\/\">microsoft<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/office-life\/\">office life<\/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=\"565634\" 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\/20\/your-essential-business-calendar-on-20-april-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-565634\" class=\"content-area-description single-story post-565634 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 expected to visit Egypt.<\/p>\n<p>20-22 April (Tuesday-Thursday): Renaissance Capital\u2019s conference RenCap ESG \u2013 a New Focus for EM will take place virtually.<\/p>\n<p>25 April (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC \u2014 the holiday could be observed on a Sunday or a Thursday).<\/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>16-19 May (Sunday-Wednesday): The Arabian Travel Market (ATM) is taking place in Dubai. ATM is an international travel and tourism event to promote the Middle East as a tourist destination.<\/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): Egypt Petroleum Show, 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): The Big 5 Construct Egypt, 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 will suffer a host of penalties, 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): Sahara Expo: 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): Egypt Projects 2021 expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-8 October (Thursday-Friday): The 54th session of the Cairo International Fair, Cairo International Conference Center, Cairo, Egypt.<\/p>\n<p>1 October (Friday): Expo 2020 Dubai 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) Mediterranean Offshore Conference, 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): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>29 November-2 December (Monday-Thursday): Egypt Defense Expo<\/p>\n<p>13-17 December: United Nations Convention against Corruption, 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): World University Squash Championships, New Giza.<\/p>\n<p>Note to readers: Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":565623,"template":"","categories":[],"tags":[],"class_list":["post-565622","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"72154cc1-4fbc-4aad-adb3-6c68cf59d0c7","teaser":"","photo_url":"https:\/\/ent.news\/2021\/4\/468.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Enterprise Is Moscow about to greenlight direct flights to Egypt\u2019s seaside hotspots? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-is-moscow-about-to-greenlight-direct-flights-to-egypts-seaside-hotspots\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Is Moscow about to greenlight direct flights to Egypt\u2019s seaside hotspots?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-is-moscow-about-to-greenlight-direct-flights-to-egypts-seaside-hotspots\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T05:03:49+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\/468.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-is-moscow-about-to-greenlight-direct-flights-to-egypts-seaside-hotspots\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-is-moscow-about-to-greenlight-direct-flights-to-egypts-seaside-hotspots\/\",\"name\":\"Enterprise Is Moscow about to greenlight direct flights to Egypt\u2019s seaside hotspots? 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