{"id":566029,"date":"2021-05-24T13:53:45","date_gmt":"2021-05-24T13:53:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=566029"},"modified":"2025-12-16T05:14:17","modified_gmt":"2025-12-16T05:14:17","slug":"enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/","title":{"rendered":"Enterprise Foreign investment in Egypt\u2019s debt may have taken a hit in March"},"content":{"rendered":"<section id=\"566031\" 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=\"566031\">\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\/05\/24\/tonight-gaza-crisis-resolution-blinken-me-tour-to-land-in-cairo-ryanair-hijacking-causes-consternation-spac-party-hits-eu-btc-meltdown-continues\/\">\r\n                            TONIGHT: Gaza crisis resolution; Blinken ME tour to land in Cairo; RyanAir hijacking causes consternation; SPAC party hits EU; BTC meltdown continues                        <\/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\/05\/24\/tonight-gaza-crisis-resolution-blinken-me-tour-to-land-in-cairo-ryanair-hijacking-causes-consternation-spac-party-hits-eu-btc-meltdown-continues\/\" 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\/05\/24\/tonight-gaza-crisis-resolution-blinken-me-tour-to-land-in-cairo-ryanair-hijacking-causes-consternation-spac-party-hits-eu-btc-meltdown-continues\/')\">\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\/05\/24\/tonight-gaza-crisis-resolution-blinken-me-tour-to-land-in-cairo-ryanair-hijacking-causes-consternation-spac-party-hits-eu-btc-meltdown-continues\/\">\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: Gaza crisis resolution; Blinken ME tour to land in Cairo; RyanAir hijacking causes consternation; SPAC party hits EU; BTC meltdown continues&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/tonight-gaza-crisis-resolution-blinken-me-tour-to-land-in-cairo-ryanair-hijacking-causes-consternation-spac-party-hits-eu-btc-meltdown-continues\/\">\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\/05\/24\/tonight-gaza-crisis-resolution-blinken-me-tour-to-land-in-cairo-ryanair-hijacking-causes-consternation-spac-party-hits-eu-btc-meltdown-continues\/&title=TONIGHT: Gaza crisis resolution; Blinken ME tour to land in Cairo; RyanAir hijacking causes consternation; SPAC party hits EU; BTC meltdown continues\">\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+Gaza+crisis+resolution%3B+Blinken+ME+tour+to+land+in+Cairo%3B+RyanAir+hijacking+causes+consternation%3B+SPAC+party+hits+EU%3B+BTC+meltdown+continues+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F24%2Ftonight-gaza-crisis-resolution-blinken-me-tour-to-land-in-cairo-ryanair-hijacking-causes-consternation-spac-party-hits-eu-btc-meltdown-continues%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\/05\/24\/tonight-gaza-crisis-resolution-blinken-me-tour-to-land-in-cairo-ryanair-hijacking-causes-consternation-spac-party-hits-eu-btc-meltdown-continues\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566031\" class=\"content-area-description single-story post-566031 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-antony-blinken tag-china tag-covid-19 tag-cryptocurrency tag-enterprisepm tag-eu tag-finance tag-foreign-ministry tag-health-ministry tag-healthcare tag-investment-watch tag-israel tag-jordan tag-mahmoud-abbas tag-mohamed-awad-tag-el-din tag-palestine tag-regulation tag-sameh-shoukry tag-singapore tag-spacs tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>After a slow morning, we\u2019re getting a flood of stories<\/strong> running the gamut of investment, to Egypt macro trends to covid, to plane hijacking (you heard right).<\/p>\n<p><strong>THE BIG POSITIVE STORY TODAY- Ittihadiya health advisor Mohamed Tag Eldin believes covid numbers should start to come down next week,<\/strong> suggesting that the dreaded third wave has peaked. Official infection and death numbers appear to back his assertion. This comes as the Health Ministry wants to shorten vaccination wait times. We have more in the Speed Round below.<\/p>\n<p><strong>THE BIG MACRO STORY TO WATCH OUT FOR- Rising US yields appear to have hit us hard in March<\/strong>, with the net foreign assets drop of 13.7% m-o-m in March to USD 17.70 bn <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd68b019-f9b8-47df-8144-410f9ba5cea2\">we noted this morning<\/a> suggesting a decline in ne portfolio investments for that month, analysts we spoke with told us today. We give their two cents on the decline in the Speed Round below.<\/p>\n<p><strong>** CATCH UP QUICK on the other top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>It\u2019s budget week in the House:<\/strong> The House of Representatives will be holding <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7216ea40-25ec-4e8f-9081-9246e0d1e378\">hearings this week<\/a> on the allocations of government agencies in the FY2021-2022 budget.<\/li>\n<li><strong>But there\u2019s still time for fintech:<\/strong> The House CIT Committee gave <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30d15bee-ceda-4044-aefc-8e2c73d6ef1c\">a preliminary nod<\/a> yesterday to a draft law that would govern the fintech space.<\/li>\n<li><strong>Ever Given drama continues:<\/strong> The SCA <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5294b4e3-f922-4ba7-b12a-5d7fc75f3bd0\">has again lowered<\/a> its compensation demands for the Ever Given\u2019s blockage of the Suez Canal.<\/li>\n<\/ul>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Regional diplomacy paying back dividends (or gas shipments, rather): <\/strong>Israeli gas exports to Egypt resumed after having gone on pause due to the Hamas-Israel conflict in Gaza, Delek Drilling \u2014 a partner on the Eastern Mediterranean Gas (EMG) pipeline between Arish and Ashkelon \u2014 said yesterday, according to <a href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/natural-gas\/052421-israeli-gas-exports-to-egypt-resume-after-ceasefire-delek\">S&P Global<\/a>. Flows through the EMG pipeline, which has a section offshore Gaza, were restarted after an Egypt-brokered <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8a32c2f-201f-44ba-a719-8ee9b42efd75\">ceasefire agreement<\/a> between both sides took effect over the weekend, ending the violence that began on 10 May. The escalation saw energy company Chevron <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb617fb8-e3ed-4884-9c36-d133f877aee7\">temporarily halt operations<\/a> at Israeli offshore field Tamar that supplies some gas to Egypt after reports claimed Hamas is targeting offshore gas installations.<\/p>\n<p><strong>Meanwhile,<\/strong> <strong>US Secretary of State Antony Blinken will visit Egypt in the coming days as part of a peacebuilding trip to the Middle East<\/strong> to build on the Israel-Gaza ceasefire, according to a <a href=\"https:\/\/www.state.gov\/secretary-blinkens-travel-to-jerusalem-ramallah-cairo-and-amman\/\">statement<\/a> by the US State Department. Blinken will visit Jerusalem and Ramallah first before heading to Cairo and finishing off with Amman, Jordan. Meetings have been scheduled for Blinken to sit down with President Abdel Fattah El Sisi and Foreign Minister Sameh Shoukry.<\/p>\n<p><strong>The post-ceasefire meetings have already begun with Shoukry visiting both Ramallah and Amman today. <\/strong>Shoukry met with his Jordanian counterpart Ayman Safadi <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5662732143798685\">earlier today<\/a> to discuss the Palestine-Israel conflict before heading to Ramallah where <a href=\"https:\/\/twitter.com\/MfaEgypt\/status\/1396786341409660931?s=19&fbclid=IwAR1FEasXHCkhWPtYCTPdwdhivGiMGXL_3jBGviQn4NMbGt9JOeZlfJVZNJI\">he sat down with<\/a> Palestinian President Mahmoud Abbas and pressed the two-state solution and promised that aid would be delivered.<\/p>\n<p><strong>And while we\u2019re on US diplomacy, Ethiopia could be getting some smoke: <\/strong>The Biden administration is imposing visa restrictions against Ethiopian and Eritrean officials It holds these officials responsible for taking \u201cno meaningful steps to end hostilities\u201d and undermining the peace process in the ongoing conflict in Ethiopia\u2019s Tigray, Secretary of State Antony Blinken said yesterday in <a href=\"https:\/\/www.state.gov\/united-states-actions-to-press-for-the-resolution-of-the-crisis-in-the-tigray-region-of-ethiopia\/\">a statement<\/a>. Further punitive measures might follow should the international community continue to not take action in the conflict that has sparked allegations of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a497b68c-b8b0-44ce-a68b-ad2379709ff9\">ethnic cleansing<\/a> and fears of famine. This came after Ethiopia moved for the first time on Friday to <a href=\"https:\/\/www.barrons.com\/news\/ethiopia-says-eritrean-troops-killed-civilians-in-tigray-01621616413?tesla=y\">accuse<\/a> Eritrean troops of killing 110 civilians during <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15251d8f-7d6f-4f5a-a6ea-054938e64a34\">last November\u2019s massacre<\/a> in the troubled Tigray region.<\/p>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD-<\/strong> <strong>Belarus\u2019s hijacking of a RyanAir plane by the Belarus government is topping coverage in the foreign press. <\/strong>A Belarusian fighter jet forced the RyanAir flight (which had 120 passengers on board) to divert to their capital city Minsk where authorities quickly came and took Roman Protasevich, a dissident journalist on the plane, according to <a href=\"https:\/\/www.cnbc.com\/2021\/05\/24\/belarus-accused-of-hijacking-plane-provoking-outrage-in-the-west.html\">CNBC<\/a>. The original flight path should have seen it travel from Greece to Lithuania. The Belarusian Foreign Ministry has since said that the West is jumping to conclusions and the situation \u201cdeliberately politicized.\u201d<\/p>\n<p><strong>The European Union is not taking the stunt lightly, currently deliberating sanctions against Belarus <\/strong>over their crackdown on freedom of speech as well as the breach of international aviation rules. The sanctions could range from banning Belarus\u2019s national carrier from landing at EU airports, declaring the country\u2019s airspace unsafe, or imposing sanctions on individuals such as travel bans and asset freezes. Picking up the story are : <a href=\"https:\/\/www.ft.com\/content\/147532bc-8f98-406c-807b-748520be6633\">The Financial Times<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/europe\/fury-over-state-piracy-west-weighs-action-against-belarus-2021-05-24\/\">Reuters<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/world-europe-57224452\">BBC<\/a> | <a href=\"https:\/\/www.axios.com\/ryanair-belarus-hijacking-d4553d38-2007-4f4c-870d-93cbf2d07339.html\">Axios<\/a><\/p>\n<p><strong>The whole thing is flashbacks of the Great Egyptian Love-jacking of <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/26\/cyprus-extradites-lovejacker-to-egypt-for-trial\/\">2016<\/a><\/strong>, proving that in addition to being terrible at silencing the political opposition, hijacking a plane out of love is not an effective way to earn your ex\u2019s heart back.<\/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><strong>Day two of the British Egyptian Business Association\u2019s (BEBA) Healthcare Virtual Week<\/strong>, <strong>is this <\/strong><strong>Wednesday<\/strong>. The session will offer solutions on how to digitalize Egypt\u2019s healthcare industry. The event starts at 12pm and you can register <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_KhbNhseCRy-eq-rDEEz8sg\">here<\/a>.<\/p>\n<p><strong>BEBA will also hold a virtual conversation with Oil Minister Tarek El Molla on 7 June<\/strong> to discuss the sector\u2019s achievements. You can register <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_MVUuhotDTyOEplB7iVpuNw\">through this link<\/a>.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/10913\">El Gouna International Squash Open 2021<\/a><\/strong><strong> is ongoing <\/strong>and runs until Friday. Fans will be allowed to enter the stands, with the first few match days without charge and tickets to be sold for the semis and finals. You can also watch the matches live on <a href=\"https:\/\/www.youtube.com\/user\/psasquashtv\">PSA Squash YouTube page<\/a>. The event is supported by our good friends at CIB.<\/p>\n<p>Meanwhile, the <strong><a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/11445?tab=about\">CIB PSA World Tour Finals<\/a><\/strong><strong> will run on 22-27 June <\/strong>in Cairo.<\/p>\n<p><strong>Bibliotheca <\/strong><strong>Alexandria<\/strong><strong> is organizing a <\/strong><strong><a href=\"https:\/\/www.bibalex.org\/en\/news\/details?documentid=40201&\">webinar<\/a><\/strong><strong> to discuss safekeeping artifacts and heritage this Thursday.<\/strong> Headlined \u201cFighting treasure hunting from Africa for the Americas: Protecting the history of the drowning world,\u201d it will feature University of Edinburgh\u2019s Arturo Rey da Silva. You can tune in live at 2:30pm from the Alexandria Center for Hellenistic Studies\u2019 <a href=\"https:\/\/www.facebook.com\/Achs.bibalex.org\">Facebook page<\/a>.<\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>Is Europe hosting the SPACs afterparty? <\/strong>As special purpose acquisition companies are falling out of favor in the US, its sponsors are turning their gaze to Europe, Alex Webb writes for <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-24\/spac-crazes-comes-to-europe-after-investment-in-u-s-tumbles?sref=mmeFTDW1\">Bloomberg Businessweek<\/a>. Those SPAC investors appear to be headed to Europe (particularly Amsterdam), where the number of listings grew between February and April. This time, however, SPAC backers appear to be conscious of past mistakes, especially when it comes to affording more investor protection and less oversized payouts to sponsors, Webb adds.<\/p>\n<p><strong>BTC is continuing its spiral downwards, after crypto miners were forced to halt operations in China<\/strong> after Beijing intensified its crackdown on BTC mining and trading, writes <a href=\"https:\/\/www.reuters.com\/world\/china\/crypto-miners-halt-china-business-after-beijings-crackdown-bitcoin-dives-2021-05-24\/\">Reuters<\/a>. Companies such as Huobi, HashCow, and BTC.TOP have suspended some or all services to clients in Mainland China, with Huobi saying it would focus its efforts abroad. China has cited fending off financial risks and mining using up energy and carbon neutrality goals as reasons for the country\u2019s sudden aversion to crypto. However, the move has hit global crypto and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69a30f84-09e4-4b15-a09f-4f69039f8263\">stock markets<\/a>, especially seeing as China is estimated to account for as much as 70% of the global crypto supply. BTC picked up a bit around dispatch, floating at about USD 38k.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>Fast and Furious 9 (if you\u2019re into that sort of thing) is currently <\/strong><strong><a href=\"https:\/\/elcinema.com\/work\/2002909\/\">in cinemas<\/a><\/strong><strong> nationwide.<\/strong> Featuring bulked up lead duo John Cena and Vin Diesel, the franchise has decided to leave Earth\u2019s racetracks and city streets to cut each other off in space (insert mega-eyeroll here). The possible last movie in the franchise tries to give each character a backstory, giving the film a \u2018looking back\u2019 kind of feel. It\u2019s not the best, but it's a good goodbye and salute to the characters that have been a part of the fans\u2019 lives (certainly not ours) for the past 20 years. <a href=\"https:\/\/variety.com\/2021\/film\/reviews\/f9-review-vin-diesel-john-cena-1234974952\/\">Variety<\/a> and <a href=\"https:\/\/www.indiewire.com\/2021\/05\/fast-9-review-1234638051\/\">Indie Wire<\/a> have chimed in with their opinions.<\/p>\n<p>\u26bd <strong>With Premier League and Serie A coming to an end yesterday, it might be time to tune back into local leagues. <\/strong>El Zamalek is playing Al Masry tonight at 9pm in the Egyptian Premier League and you can also check out the earlier 7pm match featuring Ismaily and Misr Lel Makkasa.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>The age-old myth of an altruistic Wall Street explored:<\/strong> How to hold onto ethics while working in the global finance scene is the main theme of Jean-Christophe de Swaan\u2019s new book <a href=\"https:\/\/www.amazon.com\/Seeking-Virtue-Finance-Contributing-Conflicted-ebook-dp-B08D6QDHV6\/dp\/B08D6QDHV6\/ref=mt_other?_encoding=UTF8&me=&qid=\">Seeking Virtue in Finance<\/a>. The Princeton University professor acknowledges all the corruption that goes on in Wall Street and how the steep financial incentives are quick to tempt people to go rogue, but De Swaan poses an alternative way to ride up the ladder. He poses a framework to be successful at investing while also benefiting society and upholding humanistic values by giving examples of firms and people in the sector who have prioritized social values. <a href=\"https:\/\/www.ft.com\/content\/a6ba5b92-b7a4-4dcc-84e2-705af24d1dfd\">The Financial Times<\/a> says the book could help graduating finance students be \u201cless vulnerable to being tainted after reading this\u201d.<\/p>\n<p>? <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect daytime highs of 37\u00b0C tomorrow, with the mercury falling to 21\u00b0C at night, according to our favorite weather app.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/antony-blinken\/\">Antony Blinken<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-ministry\/\">Foreign Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-ministry\/\">Health Ministry<\/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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mahmoud-abbas\/\">Mahmoud Abbas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-awad-tag-el-din\/\">Mohamed Awad Tag El Din<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/singapore\/\">Singapore<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spacs\/\">SPACs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566032\" 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-ux4t1z4\" data-v=\"4\" data-block-id=\"ux4t1z4\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ux4t1z4-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ux4t1z4-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-qjeuuvj\" data-v=\"4\" data-block-id=\"qjeuuvj\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-qjeuuvj-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-qjeuuvj-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=\"566033\" 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=\"566033\">\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: ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/what-do-net-foreign-assets-in-banks-tell-us-about-capital-inflows\/\">\r\n                            What do net foreign assets in banks tell us about capital inflows?                        <\/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\/05\/24\/what-do-net-foreign-assets-in-banks-tell-us-about-capital-inflows\/\" 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\/05\/24\/what-do-net-foreign-assets-in-banks-tell-us-about-capital-inflows\/')\">\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\/05\/24\/what-do-net-foreign-assets-in-banks-tell-us-about-capital-inflows\/\">\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=What do net foreign assets in banks tell us about capital inflows?&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/what-do-net-foreign-assets-in-banks-tell-us-about-capital-inflows\/\">\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\/05\/24\/what-do-net-foreign-assets-in-banks-tell-us-about-capital-inflows\/&title=What do net foreign assets in banks tell us about capital inflows?\">\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=What+do+net+foreign+assets+in+banks+tell+us+about+capital+inflows%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F24%2Fwhat-do-net-foreign-assets-in-banks-tell-us-about-capital-inflows%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\/05\/24\/what-do-net-foreign-assets-in-banks-tell-us-about-capital-inflows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566033\" class=\"content-area-description single-story post-566033 post type-post status-publish format-standard hentry category-speed-round-economy tag-debt tag-economy tag-enterprisepm tag-inflation tag-interest-rates tag-portfolio-investment 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> EXCLUSIVE- Foreign investment in local treasury bonds and bills may have dipped in <\/strong><strong>March after having hit a record high in February, <\/strong>say analysts and capital market experts we spoke to. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd68b019-f9b8-47df-8144-410f9ba5cea2\">Recent CBE figures<\/a> revealed a 13.7% m-o-m drop in the net foreign assets (NFAs) in Egypt\u2019s banking sector to USD 17.70 bn, and this is directly related to foreign portfolio investments (FPI), they tell us. FPI had reached a record high of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a1d9e08-8976-4312-aa23-d653611f22bc\">USD 28.50 bn<\/a> at the end of February, climbing back above pre-covid levels following a 60% drop between March and May last year due a covid-19 sell off.<\/p>\n<p><strong>This shouldn\u2019t come as a surprise since some volatility was expected, especially after the uptick in US treasury yields<\/strong> that began <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c6fb4fa-12c9-45d0-b904-242cb9d1c66d\">earlier this year<\/a> translated into higher borrowing costs and made debt investments in emerging markets less attractive, CI Capital senior economist Sara Saada tells us. Another reason Saada\u2019s firm had penciled net portfolio outflows in March is that the demand for imports into Egypt and hard currency was elevated as we headed into Ramadan, which meant there was less of a cushion to mitigate the outflows.<\/p>\n<p><strong>Recent monetary tightening in EMs may have also played a role, <\/strong>HC Securities\u2019 Monette Doss, meanwhile, said. EM central bankers across 37 emerging markets delivered <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ccd897f8-4089-42bc-acdf-910a9ef73e4c\">five net interest rate hikes in March<\/a>, shifting away from an easing cycle, primarily because of the rising US treasury yields and expectations of upward pressure on inflation globally.<\/p>\n<p><strong>But it\u2019s likely only seasonal: <\/strong>The drop was a direct reaction to rising US treasury yields, and it only resulted in volatility, not a sell-off, Saada said. While there were likely outflows in March in response to the increase in the 10-year US treasury yield, inflation concerns, and signs the Fed may hike policy rates sooner than expected, the fall in FPI was a temporary market reaction and not a trend, a senior banker who spoke to us on the condition of anonymity said. We could also see some FPI reflected in April figures, but to a lesser extent than in March, and this should begin reversing in May, they said, adding that FPI is in line for a leg-up further into 2021, when Egyptian bonds become \u201c<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a1b21c3-fa9d-4c13-9002-b4b8712e3e07\">Euroclearable<\/a>\u201d and are reincluded on the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea858526-5700-49cf-9a6c-4bb9a7b54d2a\">JPMorgan bond index<\/a>.<\/p>\n<p><strong>We\u2019re yet to see the latest figures for FPI: <\/strong>Numbers for March and April haven\u2019t been announced, neither through the central bank nor the official government sources that are usually <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61ffddfa-ebf5-4743-bbc5-f65c507cc962\">quoted by the local press<\/a>. We reached out to the central bank for comments on the story but did not receive a reply as of dispatch time.<\/p>\n<p><strong>Good thing US yields are heading in the opposite direction now: <\/strong>US treasury yields have largely been stable since the start of May. The yield on the 10-year note <a href=\"https:\/\/www.cnbc.com\/2021\/05\/24\/us-bonds-treasury-yields-drift-lower-to-start-the-week.html\">fell slightly this morning<\/a> to 1.617%, and it has been holding close to this level (which is considerably lower than a <a href=\"https:\/\/www.reuters.com\/article\/usa-bonds-idUSL1N2MS1L8\">14-month high<\/a> of 1.776% reached on 30 March) since <a href=\"https:\/\/www.cnbc.com\/2021\/05\/03\/treasury-yields-largely-flat-ahead-of-manufacturing-pmis.html\">the start of the month<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/portfolio-investment\/\">portfolio investment<\/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=\"566034\" 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=\"566034\">\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: INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/pickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital\/\">\r\n                            PickAlbatros Hotels secures USD 23 mn loan from Vantage Capital                        <\/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\/05\/24\/pickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital\/\" 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\/05\/24\/pickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital\/')\">\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\/05\/24\/pickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital\/\">\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=PickAlbatros Hotels secures USD 23 mn loan from Vantage Capital&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/pickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital\/\">\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\/05\/24\/pickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital\/&title=PickAlbatros Hotels secures USD 23 mn loan from Vantage Capital\">\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=PickAlbatros+Hotels+secures+USD+23+mn+loan+from+Vantage+Capital+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F24%2Fpickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital%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\/05\/24\/pickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/430.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"566035\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/pickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital\/430-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/430.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"430.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/430.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/430.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566034\" class=\"content-area-description single-story post-566034 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-investment-watch tag-debt tag-enterprisepm tag-investment-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-03\"><\/a><strong> Egypt-based <\/strong><strong><a href=\"https:\/\/www.pickalbatros.com\/\">PickAlbatros<\/a><\/strong><strong>Hotels has obtained USD 23 mn worth of mezzanine loan from <\/strong><strong>South African fund manager <\/strong><strong><a href=\"https:\/\/www.vantagecapital.co.za\/\">Vantage Capital<\/a><\/strong><strong>,<\/strong> according to a joint <a href=\"https:\/\/ent.news\/2021\/5\/Vantage-Capital-Invests-23m-in-PickAlbatros-Hotels.pdf\">statement (pdf)<\/a>. The hotel owner and operator will use the financing to fund its working capital and renovate five hotels it recently acquired.<\/p>\n<p><strong>The funding transaction marks Vantage\u2019s \u201cinaugural investment\u201d into Egypt, <\/strong>Vantage Managing Partner Warren van der Merwe said. The Egyptian hotel group has been reportedly in talks with Vantage since last January for a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/510fb761-11b7-4c5a-8cdb-6b1b17a33727\">USD 40 mn<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/510fb761-11b7-4c5a-8cdb-6b1b17a33727\">convertible<\/a><sup><\/sup><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/510fb761-11b7-4c5a-8cdb-6b1b17a33727\">loan<\/a> to finance three planned hotels.<\/p>\n<p><strong>This is also one of the largest mezzanine transactions by a foreign investor in the Egyptian tourism industry,<\/strong> a source close to the transaction told us.<\/p>\n<p><strong>Promising performance despite covid-19: <\/strong>PickAlbatros Hotels has seen a \u201cresilient performance\u201d in recent months despite the covid-19 implications on the hospitality sector, David Kornik, a partner at Vantage Capital, said in the statement. The hotel group\u2019s long-term growth potential seems to be \"firmly intact,\" he added<\/p>\n<p><strong>Advisors<\/strong>: Zilla Capital acted as the financial advisor to PickAlbatros, while Matouk Bassiouny & Hennawy and South Africa's Werksmans were assigned as legal counsel.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566036\" 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=\"566036\">\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: ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/1-outsourcing-destination-in-mena-ladies-and-gents\/\">\r\n                            #1 outsourcing destination in MENA, ladies and gents                        <\/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\/05\/24\/1-outsourcing-destination-in-mena-ladies-and-gents\/\" 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\/05\/24\/1-outsourcing-destination-in-mena-ladies-and-gents\/')\">\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\/05\/24\/1-outsourcing-destination-in-mena-ladies-and-gents\/\">\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=#1 outsourcing destination in MENA, ladies and gents&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/1-outsourcing-destination-in-mena-ladies-and-gents\/\">\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\/05\/24\/1-outsourcing-destination-in-mena-ladies-and-gents\/&title=#1 outsourcing destination in MENA, ladies and gents\">\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=%231+outsourcing+destination+in+MENA%2C+ladies+and+gents+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F24%2F1-outsourcing-destination-in-mena-ladies-and-gents%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\/05\/24\/1-outsourcing-destination-in-mena-ladies-and-gents\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/432.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"566037\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/1-outsourcing-destination-in-mena-ladies-and-gents\/432-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/432.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"432.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/432.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/432.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566036\" class=\"content-area-description single-story post-566036 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-ict tag-enterprisepm tag-ict tag-outsourcing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a><strong> Egypt retains its position as the most attractive outsourcing and offshore operations in <\/strong><strong>the MENA, <\/strong>ranking 15th in global management consultancy AT Kearney\u2019s Global Services Location Index 2021. Egypt was also the only MENA country to make it to the top 20 of the index, with UAE ranking 25th and Turkey 26th, according to a <a href=\"https:\/\/ent.news\/2021\/5\/The-2021-Kearney-Global-Services-Location-Index%E2%80%94Toward-a-global-network-of-digital-hubs.pdf\">report (pdf)<\/a>. While retaining the top MENA spot, Egypt did fall one spot down from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/26ecbacd-f2a8-4845-be2d-4ab6247ab010\">14th a year earlier<\/a>. The index, which looks at the viability of some 60 countries as outsourcing destinations, analyzes 47 metrics across four main categories: financial attractiveness, people skills and availability, business environment, and digital resonance.<\/p>\n<p><strong>Egypt is seen as a financially luring outsourcing destination for multinational services companies <\/strong>thanks to its low compensation and infrastructure costs as well as solid entrepreneurial environment, the report noted, highlighting the \u201cpublic sector willing to make strategic investments.\u201d The government is boosting its \u201cDigital Egypt\u201d initiative, which has attracted Ericsson to establish a digital hub in Cairo to manufacture cognitive software for global markets, the report notes.<\/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\/ict\/\">ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/outsourcing\/\">outsourcing<\/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=\"566038\" 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=\"566038\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPEED ROUND: STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/\">\r\n                            UAE\u2019s service marketplace Rizek wants to enter 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\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-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\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-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\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-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=UAE\u2019s service marketplace Rizek wants to enter Egypt&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-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\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/&title=UAE\u2019s service marketplace Rizek wants to enter 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=UAE%E2%80%99s+service+marketplace+Rizek+wants+to+enter+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F24%2Fuaes-service-marketplace-rizek-wants-to-enter-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\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566038\" class=\"content-area-description single-story post-566038 post type-post status-publish format-standard hentry category-speed-round-startup-watch tag-abu-dhabi-investment-office tag-adq tag-enterprisepm tag-investment-watch tag-rizek tag-startup-watch tag-venture-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-06\"><\/a><strong> UAE-based service marketplace <\/strong><strong><a href=\"https:\/\/rizek.com\/\">Rizek<\/a><\/strong><strong> is planning to expand into Egypt and Saudi <\/strong><strong>Arabia \u201cin the coming months'' after <\/strong><strong><a href=\"https:\/\/www.zawya.com\/mena\/en\/press-releases\/story\/Rizek_achieves_yet_another_milestone_raises_10mln_in_series_A_funding-ZAWYA20210524070122\/\">raising USD 10 mn<\/a><\/strong> <strong>in a series A funding round <\/strong>led by Abu Dhabi wealth fund ADQ and US-based financial investment company Peak Investments, according to <a href=\"https:\/\/www.thenationalnews.com\/business\/technology\/uae-start-up-rizek-raises-10m-to-fuel-expansion-1.1228526\">The National<\/a>. The investment, which \u201ca number of [unnamed] family offices from the UAE and Saudi Arabia'' also helped raise, brings Rizek\u2019s total VC financing secured to date to over USD 15 mn. The timeline for the expansion into the Egyptian market was not specified.<\/p>\n<p><strong>About Rizek:<\/strong> Established in February 2020, Rizek is deemed the UAE\u2019s first local \u201csuper app\u201d (think WeChat) for on-demand services, providing consumers with access to many third-party mobile apps that offer under one umbrella a raft of one-stop-shop home services, including home cleaning, covid-19 pcr swabs, maintenance, automotive, and other at-home services. In June 2020, the startup <a href=\"https:\/\/www.wamda.com\/2020\/06\/rizek-raises-3-5-million-seed-funding\">raised USD 3.5 mn in a seed funding round<\/a> from Abu Dhabi Investment Office (ADIO), E-Tech Investments, Rozana Investments, and some other stakeholders \u2014 the largest seed round ever to be raised in the MENA region.<\/p>\n<p><strong>CATCH UP QUICK- <\/strong><\/p>\n<ul>\n<li><strong>Real estate firm Inertia Egypt has partnered with valU and PayTabs Egypt <\/strong>to allow clients to process payments online for home improvement financing, according to a <a href=\"https:\/\/ent.news\/2021\/5\/valU-x-Intertia-x-PayTabs-Egypt-PRL-ENG.pdf\">press release (pdf)<\/a><sup><\/sup>. This includes property finishing, furnishing, maintenance, and unit reservation in an agreement that aims to utilize digital solutions for the real estate sector.<\/li>\n<\/ul>\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\/abu-dhabi-investment-office\/\">Abu Dhabi Investment Office<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rizek\/\">Rizek<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture 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=\"566039\" 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=\"566039\">\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\">SPEED ROUND: COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/infection-numbers-expected-to-peter-out-next-week\/\">\r\n                            Infection numbers expected to peter out next week                        <\/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\/05\/24\/infection-numbers-expected-to-peter-out-next-week\/\" 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\/05\/24\/infection-numbers-expected-to-peter-out-next-week\/')\">\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\/05\/24\/infection-numbers-expected-to-peter-out-next-week\/\">\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=Infection numbers expected to peter out next week&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/infection-numbers-expected-to-peter-out-next-week\/\">\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\/05\/24\/infection-numbers-expected-to-peter-out-next-week\/&title=Infection numbers expected to peter out next week\">\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=Infection+numbers+expected+to+peter+out+next+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F24%2Finfection-numbers-expected-to-peter-out-next-week%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\/05\/24\/infection-numbers-expected-to-peter-out-next-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566039\" class=\"content-area-description single-story post-566039 post type-post status-publish format-standard hentry category-speed-round-covid-watch tag-astrazeneca tag-covid-19 tag-enterprisepm tag-health-ministry tag-mohamed-awad-tag-el-din tag-singapore tag-sinopharm tag-sinovac 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>Are we past the covid third wave danger zone?<\/strong> Covid-19 cases are likely to start declining as of next week, Ittihadiya health advisor Mohamed Tag Eldin said in a phone interview with Extra News (watch, <a href=\"https:\/\/www.youtube.com\/watch?v=RZZ4ExVBCCE\">runtime 13:40<\/a>). The advisor also expected a higher recovery rate, which reportedly stands at 73.6% in isolation hospitals. The Health Ministry already announced yesterday a decline in new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f02cec2-fed9-4d30-b7cb-c8f4495d5527\">covid-19 infections<\/a> to 1,145 from 1,151 the day before, while new deaths also went down to 51 from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5898eefd-37d5-4b16-b431-c491cbe0f6bc\">59 a day earlier<\/a>.<\/p>\n<p><strong>Measures to curb overcrowding at vaccination centers: <\/strong>Meanwhile, the Health Ministry is triaging those in short waiting lists for jabs to other medical centers in a bid to speed up the vaccination process and reduce the waiting lists, an unnamed ministry source tells <a href=\"https:\/\/bit.ly\/3ugjUsT\">Masrawy<\/a>. The ministry has also rolled out a new service that allows those registered for the vaccine to know which vaccination center is less crowded, another source at the ministry <a href=\"https:\/\/www.masrawy.com\/news\/news_egypt\/details\/2021\/5\/24\/2028011\/%D9%84%D8%AA%D8%AC%D9%86%D8%A8-%D8%A7%D9%84%D8%AA%D8%A3%D8%AE%D9%8A%D8%B1-%D9%88%D8%A7%D9%84%D8%B2%D8%AD%D8%A7%D9%85-%D8%AE%D8%AF%D9%85%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%B5%D8%AD%D8%A9-%D8%A8%D8%B4%D8%A3%D9%86-%D9%84%D9%82%D8%A7%D8%AD%D8%A7%D8%AA-%D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7-%D8%B5%D9%88%D8%B1-#sectionListing\">said<\/a>.<\/p>\n<p><strong>We have some 4 mn people who have registered to take the vaccine thus far<\/strong>, up from the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8cccde8-ccde-47a6-8e76-b86ec514dcd5\">3.5 mn recorded last week<\/a>, the source added. The ministry has been developing its automated registration system to fasten the process of giving vaccination appointments.<\/p>\n<p><strong>IN GLOBAL COVID NEWS- <\/strong> <strong>The European Commission is taking Astrazeneca to court on Wednesday over late <\/strong><strong>covid-19 vaccine deliveries<\/strong>, with hopes that the legal battle will force the pharma company to make an immediate delivery of an additional 90 mn jabs, according to <a href=\"https:\/\/apnews.com\/article\/europe-business-coronavirus-pandemic-coronavirus-vaccine-health-5795b97a28e5bac9258631be4201e98c\">The Associated Press<\/a>. Astrazeneca\u2019s contract with the commission should have seen an initial 300 mn doses sent for distribution among all 27 countries in 2021, with an option for a further 100 mn. However, only 30 mn shots were sent during the first quarter and while Astrazeneca has since upped deliveries, the target is far from being reached. The Anglo-Swedish pharma company has argued that vaccines are difficult to manufacture and it made its best effort to deliver on time.<\/p>\n<p><strong>Testing for covid is just a stinky breath away: <\/strong>Singapore has approved a breath test that detects covid-19 and gives accurate results within one minute, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-24\/covid-breath-test-provisionally-approved-for-use-in-singapore?srnd=premium-middle-east\">Bloomberg<\/a>. The test was created by National University of Singapore spinoff startup <a href=\"https:\/\/breathonix.com\/\">Breathonix<\/a> and will be used to screen incoming travelers from Malaysia. If the breath test comes out positive, the patient will be referred to do a PCR swab test. The potential adoption of the new technology proves successful could help unlock the travel sector and allow for quicker detection and quarantine of infected individuals, the news agency notes.<\/p>\n<p><strong>China, meanwhile, is not happy that we\u2019re talking about the lab origin hypothesis, again:<\/strong> China has denied a<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f02cec2-fed9-4d30-b7cb-c8f4495d5527\">US intelligence report<\/a> claiming researchers from the Wuhan Institute of Virology becoming sick in November 2019, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f02cec2-fed9-4d30-b7cb-c8f4495d5527\">Bloomberg<\/a><sup><\/sup>reports. The US report\u2019s findings fuel an earlier theory that covid-19 may have originated in a lab in Wuhan. \u201cThe report that you mentioned about three people getting sick, that is not true,\u201d Foreign Ministry Spokesman Zhao Lijian said at a briefing in response to a Wall Street Journal <a href=\"https:\/\/www.wsj.com\/articles\/intelligence-on-sick-staff-at-wuhan-lab-fuels-debate-on-covid-19-origin-11621796228\">report<\/a>, accusing the US of \"hyping the lab-leak theory.\"<\/p>\n<p>?<strong> Now we\u2019re just being petty: <\/strong>China believes that the virus could have originated in a US lab at a military base in Maryland, with Zhao highlighting a \"suspicion about the activities at Fort Detrick and the more than 200 biolabs run by the U.S.\"<\/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\/astrazeneca\/\">AstraZeneca<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-ministry\/\">Health Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-awad-tag-el-din\/\">Mohamed Awad Tag El Din<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/singapore\/\">Singapore<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinopharm\/\">Sinopharm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinovac\/\">Sinovac<\/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=\"566040\" 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=\"566040\">\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\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/one-step-closer-to-another-listing\/\">\r\n                            One step closer to another listing                        <\/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\/05\/24\/one-step-closer-to-another-listing\/\" 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\/05\/24\/one-step-closer-to-another-listing\/')\">\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\/05\/24\/one-step-closer-to-another-listing\/\">\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=One step closer to another listing&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/one-step-closer-to-another-listing\/\">\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\/05\/24\/one-step-closer-to-another-listing\/&title=One step closer to another listing\">\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=One+step+closer+to+another+listing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F24%2Fone-step-closer-to-another-listing%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\/05\/24\/one-step-closer-to-another-listing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566040\" class=\"content-area-description single-story post-566040 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-egyptian-iron-and-steel tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Trading of Egyptian Iron and Steel shares will be suspended as of tomorrow<\/strong>, pending approval from the EGX listing committee on the listing of shares of its mining spinoff on EGX, the company said in <a href=\"https:\/\/ent.news\/2021\/5\/24-05-2021.pdf\">a bourse filing (pdf)<\/a> this morning. The Financial Regulatory Authority (FRA) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b86a18dc-8bc2-4df9-ac7e-1bdf9f627606\">gave on Thursday<\/a> the all-clear for the new company\u2019s registration and trading on the EGX, which comes as part of Egyptian Iron and Steel\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bad9da9-4715-4ca2-af68-dc753167b285\">two-year<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bad9da9-4715-4ca2-af68-dc753167b285\">liquidation process<\/a> that includes spinning off its mining operations into Iron and Steel for Mines and Quarries. A date to when the new company\u2019s shares will be listed is yet to be announced.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 fell 0.47% at today\u2019s close<\/strong> on turnover of EGP 1.75 bn (27.7% above the 90-day average). Local investors were net sellers. The index is down 0.78% YTD.<\/p>\n<p><strong>In the green: <\/strong>ElSewedy Electric (+1.7%), Eastern Company (+0.5%) and CIB (+0.3%).<\/p>\n<p><strong>In the red: <\/strong>Pioneers Holding (-3.0%), AMOC (-2.9%) and Qalaa Holdings (-2.8%).<\/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\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-iron-and-steel\/\">Egyptian Iron and Steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566041\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566042\" 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=\"566042\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/emerging-markets-are-awash-with-esg-investors\/\">\r\n                            Emerging markets are awash with ESG investors                        <\/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\/05\/24\/emerging-markets-are-awash-with-esg-investors\/\" 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\/05\/24\/emerging-markets-are-awash-with-esg-investors\/')\">\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\/05\/24\/emerging-markets-are-awash-with-esg-investors\/\">\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=Emerging markets are awash with ESG investors&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/emerging-markets-are-awash-with-esg-investors\/\">\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\/05\/24\/emerging-markets-are-awash-with-esg-investors\/&title=Emerging markets are awash with ESG investors\">\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=Emerging+markets+are+awash+with+ESG+investors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F24%2Femerging-markets-are-awash-with-esg-investors%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\/05\/24\/emerging-markets-are-awash-with-esg-investors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/435.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"566043\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/emerging-markets-are-awash-with-esg-investors\/435-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/435.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"435.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/435.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/435.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566042\" class=\"content-area-description single-story post-566042 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-asset-class tag-emerging-markets tag-enterprisepm tag-esg tag-green-bonds tag-greenwashing 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-07\"><\/a><strong> Responsible and ethical investors are going long on EMs:<\/strong> Investors with environmental, social, and governance (ESG) mandates are turning to emerging markets, which have traditionally been slow on the uptake of green investments, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-16\/-esg-provokes-laughter-and-nightmares-as-funds-tap-new-markets?sref=mmeFTDW1\">Bloomberg<\/a> says. With slightly higher yields than developed markets and \u201cwithout too much risk-taking,\u201d emerging markets are fund managers\u2019 new go-to for cheaper assets that, in the long term, will meet ESG goals. \u201cMoney managers who have already spent time digging around for sustainable investments in emerging markets say ESG is definitely gaining a foothold, but from a rocky beginning,\u201d the business information service says.<\/p>\n<p><strong>Who\u2019s in?<\/strong> Europe\u2019s Nordea Asset Management has earmarked about a fifth of its <a href=\"https:\/\/www.nordea.lu\/de\/professional\/nordea-asset-management-unveils-global-green-bond-fund\/\">newly-launched green bond fund<\/a> to emerging markets, says Thede Ruest, head of emerging debt markets at Nordea\u2019s investment management unit in Copenhagen. And the Evli Emerging Frontier Fund \u2014 a Nordic fund management company owned by Finland\u2019s Evli Bank \u2014 has a <a href=\"https:\/\/content.evli.com\/fund\/pdf\/fs_efm_en.pdf?selector=.tabs,.amchart,.section--darken,.content--narrow-more\">portfolio (pdf)<\/a> of around EUR 146.5 mn and is also particularly focused on assessing \u201cunquantifiable good governance factors and compliance with the principles of the UN Global Compact\u201d when making its investments.<\/p>\n<p><strong>Greenwashing is always a concern \u2014 but that risk is less present in EMs, where companies are \u201cunder less pressure to disclose ESG metrics,\u201d<\/strong> meaning they\u2019re unlikely to claim a green reputation if it\u2019s not really there. The risk of greenwashing is a serious red flag for investors as a global explosion in ESG- and sustainability-related assets has been met with an uptick in misleading ESG credentials.<\/p>\n<p><strong>One strategy some investors swear by:<\/strong> Look to invest in companies that are making progress on their ESG credentials, rather than those that are opting for \u201cestablished names\u201d that seem to be as green as they come at first glance. On the financial side, these lower-profile companies are likely to be cheaper to invest in, seeing as companies with \u201cstellar ESG reputations\u201d tend to be expensive and over-investing in them could add to the risk of an ESG bubble. And on the, you know, sustainability side, investing in companies that are still working on getting their ESG ducks in a row is more beneficial to long-term sustainability goals. \u201cInvesting only in companies that have high ESG standards doesn\u2019t fix problems,\u201d one pundit says.<\/p>\n<p><strong>The bottom line: Locking down the perfect ESG shot in EMs is no easy feat, so do your homework. <\/strong>Investors need to do thorough research on any investment, but that necessity becomes increasingly important when hitting up emerging markets \u2014 not least because these markets typically tend to struggle with transparency.<\/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\/asset-class\/\">asset class<\/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\/esg\/\">ESG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greenwashing\/\">greenwashing<\/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=\"566044\" 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\/05\/24\/your-essential-business-calendar-on-24-may-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566044\" class=\"content-area-description single-story post-566044 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>20-28 May (Thursday-Friday): <a href=\"https:\/\/psaworldtour.com\/news\/view\/8528\/allam-british-open-moved-to-august-as-psa-issues-updated-calendar-for-remainder-of-2020-21-season\">Gouna International Squash Open 2021<\/a>.<\/p>\n<p>24-26 May (Monday-Wednesday): British Egyptian Business Association virtual healthcare week.<\/p>\n<p>26 May (Wednesday): Final day for Africa-based startups to apply for the French government-sponsored <a href=\"https:\/\/ent.news\/2021\/5\/LAUNCH-OF-THE-FIFTH-EDITION-OF-THE-AFD-DIGITAL-CHALLENGE.docx.pdf\">AFD Digital Challenge (pdf)<\/a>.<\/p>\n<p>27-29 May (Thursday-Saturday): Informa Markets\u2019 <a href=\"https:\/\/www.nextmoveegypt.com\/en\/Forms\/Book-A-Stand.html\">Nextmove<\/a> real estate exhibition, Cairo International Convention Center, Nasr City.<\/p>\n<p>30 May (Sunday): Al Mal GTM is organizing the <a href=\"https:\/\/bit.ly\/3h8CpfX\">Portfolio Egypt<\/a> conference under the theme \u2018Growth under the weight of the pandemic.\u2019<\/p>\n<p>31 May (Monday): Egypt is hosting Trescon Global\u2019s <a href=\"https:\/\/www.tresconglobal.com\/conferences\/ai\/egypt\/\">World AI Show<\/a> with the support of ITIDA.<\/p>\n<p>7 June (Monday): British Egyptian Business Association hosts event featuring Oil Minister Tarek El Molla.<\/p>\n<p>14 June (Monday): The third edition of Egypt's Green Economy Forum.<\/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>22-27 June (Tuesday-Sunday): The <a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/11445\">CIB PSA World Tour Finals<\/a> for 2020-2021 will take place in Cairo.<\/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): The IMF will complete a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>30 June (Wednesday): 30 June Revolution Day.<\/p>\n<p>30 June- 15 July: National Book Fair.<\/p>\n<p>July + August: Thanaweya Amma exams take place.<\/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>1 July (Thursday): Businesses importing goods at seaports will need to file shipping documents and cargo data digitally to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">the Advance Cargo Information (ACI) system<\/a>.<\/p>\n<p>15 June (Saturday): EGX-listed will have to complete filing their financial disclosures for the period ended 31 March.<\/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 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>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/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><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":566030,"template":"","categories":[],"tags":[],"class_list":["post-566029","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1b12d977-782b-4648-973d-27b744083571","teaser":"","photo_url":"https:\/\/ent.news\/2021\/5\/428.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 Foreign investment in Egypt\u2019s debt may have taken a hit in March - 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-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Foreign investment in Egypt\u2019s debt may have taken a hit in March\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T05:14:17+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/428.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-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/\",\"name\":\"Enterprise Foreign investment in Egypt\u2019s debt may have taken a hit in March - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/428.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-05-24T13:53:45+00:00\",\"dateModified\":\"2025-12-16T05:14:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/428.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/428.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#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\":\"Enterprise Foreign investment in Egypt\u2019s debt may have taken a hit in March\"}]},{\"@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":"Enterprise Foreign investment in Egypt\u2019s debt may have taken a hit in March - 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\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/","og_locale":"en_US","og_type":"article","og_title":"Enterprise Foreign investment in Egypt\u2019s debt may have taken a hit in March","og_url":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T05:14:17+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/428.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/","url":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/","name":"Enterprise Foreign investment in Egypt\u2019s debt may have taken a hit in March - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/428.jpg?fit=%2C&ssl=1","datePublished":"2021-05-24T13:53:45+00:00","dateModified":"2025-12-16T05:14:17+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/428.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/428.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-foreign-investment-in-egypts-debt-may-have-taken-a-hit-in-march\/#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":"Enterprise Foreign investment in Egypt\u2019s debt may have taken a hit in March"}]},{"@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\/566029","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\/566030"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}