{"id":566074,"date":"2021-05-26T13:38:18","date_gmt":"2021-05-26T13:38:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=566074"},"modified":"2025-12-16T05:15:25","modified_gmt":"2025-12-16T05:15:25","slug":"enterprise-macro-group-taps-efg-hermes-to-advise-on-ipo","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-macro-group-taps-efg-hermes-to-advise-on-ipo\/","title":{"rendered":"Enterprise Macro Group taps EFG Hermes to advise on IPO."},"content":{"rendered":"<section id=\"566076\" 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=\"566076\">\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\/26\/tonight-us-blinken-is-in-cairo-today-metrojet-investigation-ongoing-big-tech-gets-hammered-on-the-regulatory-front-army-of-the-dead-on-netflix\/\">\r\n                            TONIGHT: US\u2019 Blinken is in Cairo today; Metrojet investigation ongoing; Big Tech gets hammered on the regulatory front; Army of the Dead on Netflix;                        <\/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\/26\/tonight-us-blinken-is-in-cairo-today-metrojet-investigation-ongoing-big-tech-gets-hammered-on-the-regulatory-front-army-of-the-dead-on-netflix\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Big Tech gets hammered on the regulatory front; Army of the Dead on Netflix;&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/tonight-us-blinken-is-in-cairo-today-metrojet-investigation-ongoing-big-tech-gets-hammered-on-the-regulatory-front-army-of-the-dead-on-netflix\/\">\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\/26\/tonight-us-blinken-is-in-cairo-today-metrojet-investigation-ongoing-big-tech-gets-hammered-on-the-regulatory-front-army-of-the-dead-on-netflix\/&title=TONIGHT: US\u2019 Blinken is in Cairo today; Metrojet investigation ongoing; Big Tech gets hammered on the regulatory front; Army of the Dead on Netflix;\">\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+US%E2%80%99+Blinken+is+in+Cairo+today%3B+Metrojet+investigation+ongoing%3B+Big+Tech+gets+hammered+on+the+regulatory+front%3B+Army+of+the+Dead+on+Netflix%3B+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F26%2Ftonight-us-blinken-is-in-cairo-today-metrojet-investigation-ongoing-big-tech-gets-hammered-on-the-regulatory-front-army-of-the-dead-on-netflix%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\/26\/tonight-us-blinken-is-in-cairo-today-metrojet-investigation-ongoing-big-tech-gets-hammered-on-the-regulatory-front-army-of-the-dead-on-netflix\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566076\" class=\"content-area-description single-story post-566076 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-antony-blinken tag-cryptocurrency tag-enterprisepm tag-eu tag-facebook tag-gaza tag-india tag-international-atomic-energy-agency tag-iran tag-israel tag-startups tag-twitter tag-us tag-what-were-tracking-tonight tag-whatsapp wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, wonderful people. <\/strong>We\u2019ve made it through another workday together \u2014 one more to go and we slide into the weekend.<\/p>\n<p><strong>THE BIG STORY TODAY- The first-half IPO window may now be closed, but companies in <\/strong><strong>the chute to go public are already looking to fall. <\/strong>Cosmeceutical giant Macro Group confirmed that it is working with EFG Hermes on its initial public offering on the EGX, expected as early as this fall. Meanwhile, shares of state-owned Egyptian Iron and Steel\u2019s mining spinoff will be listed on EGX as of tomorrow. We have chapter and verse on both transactions in this afternoon\u2019s Speed Round, below.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>ALSO big today: Egyptian and Russian investigative teams have met to discuss and <\/strong><strong>\u201cexchange information\u201d about <\/strong><strong><a href=\"https:\/\/enterprise.press\/issues\/2015\/11\/01\/authorities-downplay-wilayet-sina-claim-of-terror-attack-as-russian-charter-goes-down-in-sinai\/\">the 2015 Metrojet crash in Sinai<\/a><\/strong>. The incident saw Moscow impose a ban on direct flights between Russia and the Red Sea that has so far lasted six years. The five-hour sitdown ended with no word on when travel between the two countries will resume, according to a <a href=\"https:\/\/www.facebook.com\/ppo.gov.eg\/posts\/4020792911361914\">statement<\/a> issued yesterday by the Prosecutor General\u2019s Office. President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38a0aa7e-6bfb-4d8a-b4a6-fa2b37a2301b\">agreed last month<\/a> with Russian leader Vladimir Putin that flights would resume, but Russian Deputy Prime Minister Dmitry Chernyshenko has since <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eb5dcfbb-f5d3-4d09-909c-6db7ed5c5be8\">suggested<\/a> that a June date for the resumption of flights is uncertain.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>HAPPENING NOW- US Secretary of State Antony Blinken arrived in Cairo today<\/strong> ahead of planned talks with President Abdel Fattah El Sisi and Foreign Minister Sameh Shoukry, the <a href=\"https:\/\/apnews.com\/article\/donald-trump-africa-egypt-middle-east-government-and-politics-4524614bbe4497f30d6f5708644ca0e5\">Associated Press<\/a><sup><\/sup> reports. Blinken\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/668b118c-729a-4098-834e-f540a43a87b7\">regional visit<\/a> has already taken him to Jerusalem and Ramallah, which remain largely calm after Egypt brokered a ceasefire that brought an end to 11 days of Israeli attacks on Palestine. Blinken is also due today in Jordan. You can find Blinken\u2019s latest <a href=\"https:\/\/www.state.gov\/secretary-antony-j-blinken-at-a-press-availability-5\/\">update here<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>** CATCH UP QUICK on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Egypt gets good marks from the IMF: <\/strong>Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c5ce656-b259-47f0-be59-5599d49b1d56\">expects to unlock<\/a> the third and final USD 1.6 bn tranche of its USD 5.2 bn IMF standby loan after an IMF review found that we met all structural benchmarks under the agreement.<\/li>\n<li><strong>Port roz on the way?<\/strong> KSA\u2019s Red Sea Gateway Terminal (RSGT) has over USD 1.5 bn to invest in ports, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3340405-50b3-4926-827d-540ecf73d9a5\">Egypt is on the short list<\/a>.<\/li>\n<li><strong>Has Ethiopia already started the second filling of GERD?<\/strong> Sudan says it has evidence to suggest that Ethiopia began the second filling of the Grand Ethiopian Renaissance Dam\u2019s (GERD) reservoir at the beginning of May. Ethiopia denies.<\/li>\n<\/ul>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/10913\">Gouna International Squash Open 2021<\/a><\/strong><strong> is ongoing <\/strong>and runs until Friday. Spectators have been allowed to watch the matches live and <a href=\"http:\/\/elgounasquashopen.com\/tickets\">tickets are currently being sold<\/a> 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. Two men\u2019s and two women\u2019s top half quarter final matches <a href=\"https:\/\/psaworldtour.com\/news\/view\/8596\/el-gouna-day-6-roundup-sobhy-and-gohar-set-up-mouth-watering-clash\">will be played today<\/a>, while Egyptians Tarek Momen and Nouran Gohar have both made it to the semi finals which will kick off tomorrow.<\/p>\n<p><strong>Also for fans of racquet sports: <\/strong>The <a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/11445?tab=about\">CIB PSA World Tour Finals<\/a> will run on 22-27 June 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> tomorrow to discuss safekeeping artifacts <\/strong><strong>and heritage.<\/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. <strong>You can tune in live at 2:30pm<\/strong> from the Alexandria Center for Hellenistic Studies\u2019 <a href=\"https:\/\/www.facebook.com\/Achs.bibalex.org\">Facebook page<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>WhatsApp cou<\/strong><strong>ld be suing India over regulations that would force the messaging app to <\/strong><strong>break privacy protections<\/strong>, according to <a href=\"https:\/\/www.reuters.com\/world\/india\/exclusive-whatsapp-sues-india-govt-says-new-media-rules-mean-end-privacy-sources-2021-05-26\/\">Reuters<\/a>, citing unnamed Indian government officials. WhatsApp has nearly 400 mn users in India and messages have end-to-end encryption. Twitter has recently been the subject of a <a href=\"https:\/\/www.reuters.com\/technology\/indian-police-visit-twitter-office-serve-notice-about-inquiry-2021-05-24\/\">media crackdown<\/a> after the platform refused to remove posts from government critics.<\/p>\n<p><strong>The European Commission will open a formal probe into Facebook\u2019s Marketplace<\/strong>, with the organization claiming the feature shows anti-competitive practices as it is offered without charge, reports <a href=\"https:\/\/www.ft.com\/content\/3750ad46-04c3-4010-9fc1-fe2427c8520c\">The Financial Times<\/a>. This comes after European Union officials sent three rounds of questions to Facebook inquiring as to whether Marketplace is \u201cdistorting the classified ads business.\u201d Facebook has <a href=\"https:\/\/www.reuters.com\/article\/us-facebook-privacy-eu-idUSKCN24S28W\">previously taken the EU to court<\/a> over their broad questions that allegedly invaded the privacy of employees. Meanwhile, the UK also has its eye on Mark Zuckerberg\u2019s platform, having launched its <a href=\"https:\/\/www.reuters.com\/article\/uk-tech-antitrust-facebook-idUSKBN2BB25N\">own antitrust probe<\/a> back in March that is expected to look at Marketplace as well as data usage in advertising.<\/p>\n<p><strong>Iran has banned cryptocurrency mining to avoid electricity blackouts<\/strong> ahead of peak demand season waiting around the corner, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-26\/iran-bans-crypto-mining-to-keep-the-lights-on-over-summer\">Bloomberg<\/a> reports. Iran has become an especially attractive location for cryptocurrency mining in recent years--which by some estimates has indicated it is home to 4.5% of global mining--as economic sanctions have constrained access to much-needed foreign currency. The energy intensive process has also benefited from the country\u2019s subsidized electricity prices, but with drought holding back Iran\u2019s hydroelectric production this year and a peak demand season up ahead the country has decided to suspend mining activities until 22 September.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>Zack Snyder's <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81046394\">Army of the Dead<\/a><\/strong><strong> paves the way for Netflix franchises.<\/strong> The film combines a handful of tried-and-true movie plots from zombies to a ragtag team of fighters and a heist. Army of the Dead follows Dave Bautista\u2019s character Scott Ward and a team he\u2019s put together to empty the vault of a Las Vegas casino during the zombie apocalypse. We won\u2019t spoil the ending for you, but it's not a happy one as it paves the way for a sequel (or two). <strong>Netflix has already shot a prequel to the film<\/strong> titled Army of Thieves that\u2019s up for release later this year, according to the <a href=\"https:\/\/www.wsj.com\/articles\/with-zack-snyders-army-of-the-dead-netflix-brings-its-binge-model-to-the-movies-11621440147\">Wall Street Journal<\/a>. The streaming site has also begun production on an anime series Army of the Dead: Lost Vegas to be released next year, as well as a virtual reality game that will pop up in cities across the US. Netflix is trying to add more franchises to its belt in order to compete against WarnerMedia and Disney, whose successful franchises have allowed them to sell merchandise and open theme parks.<\/p>\n<p>\u26bd <strong>The Europa League final match between<\/strong> <strong>Villareal and Man United<\/strong> is on tonight at 9pm.<\/p>\n<p><strong>As for the Egyptian Premier League, <\/strong>National Bank of Egypt will play Smouha at 5pm while Ceramica Cleopatra will face off against Enppi.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Jean Hanff Korelitz\u2019s <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Plot-Jean-Hanff-Korelitz-ebook\/dp\/B08JKC299M\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">The Plot<\/a><\/strong><strong> is a tale of deceit and betrayal.<\/strong> Washed up fiction writer and low-level professor Jake is going nowhere in life. When one of his students dies after showing him a novel he wrote, Jake decides to help himself to the plot and publishes it in his own name. The literary theft pushes him to stardom, but the fame threatens to be short-lived when Jake starts getting emails from an anonymous sender claiming that they\u2019re on to him. The author blends suspense with complex characters the same way she did in her best-seller <a href=\"https:\/\/www.goodreads.com\/book\/show\/17893439-you-should-have-known\">You Should Have Known<\/a>, which later became the basis for the hit HBO series, <a href=\"https:\/\/www.imdb.com\/title\/tt8134470\/\">The Undoing<\/a>. Stephen King calls the book \u201cremarkable\u201d while the <a href=\"https:\/\/www.nytimes.com\/2021\/05\/10\/books\/the-plot-jean-hanff-korelitz-group-text.html\">New York Times<\/a> and <a href=\"https:\/\/www.washingtonpost.com\/entertainment\/books\/the-plot-of-the-plot--the-best-thriller-of-the-year--is-too-good-to-give-away\/2021\/05\/14\/dcc9311a-b3fe-11eb-ab43-bebddc5a0f65_story.html\">Washington Post<\/a> give it two thumbs up.<\/p>\n<hr class=\"grey-line\">\n<p>? <strong>TOMORROW\u2019S WEATHER- We\u2019re still bordering 40s,<\/strong> with expected daytime highs of 39\u00b0C tomorrow which will fall to 21\u00b0C at night, our favorite weather app tells us.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/antony-blinken\/\">Antony 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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=\"566078\" 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=\"566078\">\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: IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/\">\r\n                            Macro Group taps EFG Hermes, RenCap as advisors on planned IPO                        <\/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\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/\" 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\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/')\">\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\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/\">\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=Macro Group taps EFG Hermes, RenCap as advisors on planned IPO&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/\">\n                    X      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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/450.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"450.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/450.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/450.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566078\" class=\"content-area-description single-story post-566078 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round-ipo-watch tag-ci-capital tag-efg-hermes tag-enterprisepm tag-ipo-watch tag-macro-group tag-pharma tag-renaissance-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-01\"><\/a> <strong>Cosmetics pharma giant <\/strong><strong><a href=\"https:\/\/www.macro-egy.com\/\">Macro Group Pharma<\/a><\/strong><strong> has reportedly tapped EFG Hermes to quarterback its<\/strong><strong> planned IPO<\/strong> alongside Renaissance Capital, according to a report by <a href=\"https:\/\/bit.ly\/3vpXcj4\">Al Mal<\/a> quoting founder and chairman Ahmed El Nayeb. Sources close to the transaction confirmed to Enterprise that EFG Hermes is involved in the IPO, but would say only that final roles have yet to be determined. CI Capital and Renaissance Capital had been splitting duties as lead coordinators and bookrunners when the transaction was first announced. CI Capital was unable to comment on the story as of dispatch.<\/p>\n<p><strong>Macro hasn\u2019t yet made a final decision on the IPO timeline <\/strong>and is waiting for market conditions to improve before pulling the trigger, El Nayeb was quoted as saying. Macro had been expected to sell 45.8% \u2014 or 264.5 mn \u2014 of its shares at an indicative price range of EGP 5.30-6.15 apiece in a secondary sale on the EGX <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e7b185ef-8845-4573-9b36-31998bb84ee7\">in April<\/a>, but pushed the offering due to \u201cthe market\u2019s capacity to absorb multiple offerings\u201d at the time.<\/p>\n<p><strong>There\u2019s been no change to the transaction size or structure<\/strong>, El Nayeb reportedly said today. The sale will see an exit from PE outfit Alta Semper, which owns a 33% in the company, while another majority shareholder, Kingsway Capital\u2019s CHI Consumer, will sell down some of its 46.3% stake, he reportedly added. El Nayeb didn\u2019t clarify if Alta Semper planned to make a full or partial exit.<\/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\/ci-capital\/\">CI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/macro-group\/\">Macro Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renaissance-capital\/\">Renaissance 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=\"566080\" 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=\"566080\">\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: CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\">\r\n                            Iron and Steel for Mines and Quarries to list tomorrow                        <\/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\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\" 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\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/')\">\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\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\">\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=Iron and Steel for Mines and Quarries to list tomorrow&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\">\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\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/&title=Iron and Steel for Mines and Quarries to list tomorrow\">\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=Iron+and+Steel+for+Mines+and+Quarries+to+list+tomorrow+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F26%2Firon-and-steel-for-mines-and-quarries-to-list-tomorrow%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\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566080\" class=\"content-area-description single-story post-566080 post type-post status-publish format-standard hentry category-speed-round-capital-markets tag-capital-markets tag-egx tag-egyptian-iron-and-steel tag-enterprisepm tag-financial-regulatory-authority 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>Shares of state-owned Egyptian Iron and <\/strong><strong>Steel\u2019s mining<\/strong><strong> spinoff \u2014 Iron and Steel for <\/strong><strong>Mines and Quarries \u2014 will be listed on EGX at the end of tomorrow\u2019s session <\/strong>after the EGX\u2019s securities registration committee this morning greenlit the move, according to <a href=\"https:\/\/ent.news\/2021\/5\/Iron-and-Steel-1.pdf\">a bourse disclosure<\/a><a href=\"https:\/\/ent.news\/2021\/5\/Iron-and-Steel-1.pdf\">(pdf)<\/a>. Egyptian Iron and Steel\u2019s five-working-day period to make a public disclosure to list ended today, after which the EGX will decide on a date to when trading on the new company\u2019s shares will be beginning. The Financial Regulatory Authority (FRA) on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b86a18dc-8bc2-4df9-ac7e-1bdf9f627606\">Thursday<\/a> gave the all-clear for the new company\u2019s registration and trading on the EGX.<\/p>\n<p><strong>The new mining company is listing around 978 mn shares at EGP 0.2 a piece<\/strong>, giving it a market cap of EGP 195.4 mn. This will happen through a 1:1 stock split and a capital decrease, which should see Egyptian Iron and Steel\u2019s share price reduced to EGP 1.8, reducing its market cap to EGP 1.76 bn from EGP 1.95 bn, according to <a href=\"https:\/\/ent.news\/2021\/5\/Iron-and-Steel-2.pdf\">a separate filing (pdf)<\/a>.<\/p>\n<p><strong>Background:<\/strong> Egyptian Iron and Steel announced earlier this year that it will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/839a6b22-6c3d-453a-93c1-77111ac82759\">spin off its mining operations<\/a> under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bad9da9-4715-4ca2-af68-dc753167b285\">a two-year liquidation process<\/a> that would see it sell its steel plant in Helwan as part of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71938aa0-e362-4429-9e61-30a853a317ad\">a government strategy<\/a> to streamline the public sector. Public Enterprises Minister Hisham Tawfik previously said that the perennial lossmaker will have to sell off 6 mn sqm of its land assets to be able to pay off its EGP 9 bn in outstanding debts before liquidating.<\/p>\n<p><strong>The listing comes as Egyptian Iron and Steel reported EGP 724.1 mn in consolidated net losses in 9M2020-2021<\/strong>, compared to EGP 783.8 mn a year before, the company said in <a href=\"https:\/\/ent.news\/2021\/5\/26-05-2021.pdf\">a statement (pdf)<\/a>. Revenues also fell almost 10% to end the July-to-March period at EGP 776.2 mn, down from EGP 859.4 mn in the same time last year.<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/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=\"566081\" 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=\"566081\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/meet-our-analyst-of-the-week-sigma-capitals-mohamed-sobol\/\">\r\n                            Meet our analyst of the week: Sigma Capital\u2019s Mohamed Sobol                        <\/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\/26\/meet-our-analyst-of-the-week-sigma-capitals-mohamed-sobol\/\" 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\/26\/meet-our-analyst-of-the-week-sigma-capitals-mohamed-sobol\/')\">\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\/26\/meet-our-analyst-of-the-week-sigma-capitals-mohamed-sobol\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Meet our analyst of the week: Sigma Capital\u2019s Mohamed Sobol&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/meet-our-analyst-of-the-week-sigma-capitals-mohamed-sobol\/\">\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\/26\/meet-our-analyst-of-the-week-sigma-capitals-mohamed-sobol\/&title=Meet our analyst of the week: Sigma Capital\u2019s Mohamed Sobol\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Meet+our+analyst+of+the+week%3A+Sigma+Capital%E2%80%99s+Mohamed+Sobol+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F26%2Fmeet-our-analyst-of-the-week-sigma-capitals-mohamed-sobol%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\/26\/meet-our-analyst-of-the-week-sigma-capitals-mohamed-sobol\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/454.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"566082\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/meet-our-analyst-of-the-week-sigma-capitals-mohamed-sobol\/454-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/454.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"454.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/454.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/454.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566081\" class=\"content-area-description single-story post-566081 post type-post status-publish format-standard has-post-thumbnail hentry category-go-with-the-flow tag-enterprisepm tag-go-with-the-flow tag-sigma-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>OUR ANALYST OF THE WEEK-<\/strong> Mohamed Sobol, equity research analyst at Sigma Capital (<a href=\"https:\/\/www.linkedin.com\/in\/mohamed-sobol-6959a7111\/?originalSubdomain=eg\">Linkedin<\/a>).<\/p>\n<p><strong>My name is Mohamed Sobol and my entry into the finance field was very coincidental. <\/strong>It\u2019s a story of how a bad circumstance brought out a great result. During my stint at Ain Shams University, two of my classes were dropped in my graduating year and I had to go to a makeup class. During that makeup class, the professor was giving us questions from the CFA and I asked him about it. He explained the test and the career path to me and it suddenly just clicked that this is something that I might want to do. I called <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e6accea-2813-4b44-8769-3c7bbbf8444d\">Nour Eldin Sherif<\/a> and he managed to get me an internship at Mubasher and that was my start. I then moved to Shuaa where I had the pleasure of working with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a050487f-c3c1-44fd-8aab-16e619e2dbb2\">Amr Elalfy<\/a> and he made sure to teach me everything he knew. I then moved to Sigma Capital and the amazing <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd07438c-9784-4b36-a935-c932bc506580\">AbouBakr Emam<\/a> took me on from there.<\/p>\n<p><strong>I now cover the education, healthcare, and F&B sectors in Egypt <\/strong>and working on all three of these sectors has helped my professional development a lot. We have a small team at Sigma and I also learned how to work the entire research process from start to finish.<\/p>\n<p><strong>The best part of my job is seeing my personality reflected in the work I do<\/strong> \u2014 whether it's writing, research, or analysis. Creativity really factors into the job and it's never a routine when you\u2019re always talking to new companies and management teams.<\/p>\n<p><strong>The worst part is I can\u2019t put down my work when I leave the office. <\/strong>Some things need to be done right away and you always need to be updated on the most recent news.<\/p>\n<p><strong>Work from home wasn\u2019t great for me.<\/strong> I focus more at the office \u2014 when I\u2019m away from my bed [laughs]. I think a balance would be ideal. Maybe divide jobs between physical and remote work on certain days or certain weeks.<\/p>\n<p><strong>My theory of investment is to look at fundamentals first and foremost<\/strong>. If I were to invest my own wealth, however, I\u2019d try and put around 75% in companies with strong fundamentals and the rest I\u2019d allocate to swing trading by looking at technical analysis.<\/p>\n<p><strong>I tend to look at potential positive catalysts before recommending stocks. <\/strong>The strong firms with good stories are well known, but it\u2019s all about timing. I like to create scenarios and assess based on what the results could be. This needs a lot of creativity to come up with a feasible scenario and be able to communicate it to clients.<\/p>\n<p><strong>In the industries I cover, education was the most resilient in 2020. <\/strong>Schools were quick to transfer to online education and the demand was still there \u2014 understandably. We had thought healthcare would do well, but people opted out of going to hospitals due to lockdowns or fear of getting sick. F&B was on and off, some companies did better than others. Most companies managed to get their top line in check, but margins definitely took a hit.<strong> In 2021, I think healthcare will have the fastest recovery. <\/strong><\/p>\n<p><strong>I don\u2019t think 2021 will be the year of Egypt. <\/strong>The country itself is forecasted to grow this year and the next year, however, the growth rate isn\u2019t always seen on ground. I think that there needs to be more initiatives for this growth to be more inclusive to more companies and employees. The stock market is also not doing great with the selloff from the foreigners, so I\u2019m hoping that once they\u2019re back we\u2019ll rise to new levels.<\/p>\n<p><strong>If I had to cover another industry, I would go for non-banking financial services.<\/strong> I\u2019ve been following the advent of fintech in the country and I find it very interesting. I think the biggest issue facing these companies is finding and retaining good talent, and it would be a new experience to see how that plays into my analysis.<\/p>\n<p><strong>The best things I\u2019ve watched are <\/strong><strong><a href=\"https:\/\/www.imdb.com\/title\/tt0903747\/\">Breaking Bad<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/www.imdb.com\/title\/tt0944947\/\">Game of Thrones<\/a><\/strong><strong>.<\/strong> The story and acting in both is amazing and I\u2019m a huge fan.<\/p>\n<p><strong>The last great thing I\u2019ve read is <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Happiness-Trap-Struggling-Start-Living\/dp\/1590305841\">The Happiness Trap<\/a><\/strong><strong>.<\/strong> It\u2019s all about accepting things you can\u2019t change and moving on in order to have the best life you can. My favorite book is <a href=\"https:\/\/www.amazon.com\/Subtle-Art-Not-Giving-Counterintuitive\/dp\/0062457713\">The Subtle Art of Not Giving a F**K<\/a>, which I think brings you to the same result [laughs].<\/p>\n<p><strong>When I\u2019m not working I like to watch football.<\/strong> I\u2019m a diehard Zamalek fan, much to the despair of my health. I also go to the gym or hang out at the sporting club. I love the culture of sporting clubs where you can go from one group to the other or just walk around.<\/p>\n<p><strong>MARKET ROUNDUP- <\/strong><\/p>\n<p><strong>The EGX30 fell 1.<\/strong><strong>5<\/strong><strong>% at today\u2019s close<\/strong> on turnover of EGP 1.36 bn (5.1% above the 90-day average). Local investors were net buyers. The index is down 4.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>Orascom Financial Holding (+4.2%), Export Development Bank (+2.7%) and Pioneers Holding (+2.5%).<\/p>\n<p><strong>In the red: <\/strong>CIB (-3.2%), ElSewedy Electric (-2.3%) and Fawry (-2.3%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sigma-capital\/\">Sigma 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=\"566083\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"566084\" 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=\"566084\">\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\">TV &amp; POP CULTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/wfh-has-pushed-people-to-live-vicariously-through-office-tv-series\/\">\r\n                            WFH has pushed people to live vicariously through office TV series                        <\/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\/26\/wfh-has-pushed-people-to-live-vicariously-through-office-tv-series\/\" 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\/26\/wfh-has-pushed-people-to-live-vicariously-through-office-tv-series\/')\">\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\/26\/wfh-has-pushed-people-to-live-vicariously-through-office-tv-series\/\">\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=WFH has pushed people to live vicariously through office TV series&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/wfh-has-pushed-people-to-live-vicariously-through-office-tv-series\/\">\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\/26\/wfh-has-pushed-people-to-live-vicariously-through-office-tv-series\/&title=WFH has pushed people to live vicariously through office TV series\">\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=WFH+has+pushed+people+to+live+vicariously+through+office+TV+series+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F26%2Fwfh-has-pushed-people-to-live-vicariously-through-office-tv-series%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\/26\/wfh-has-pushed-people-to-live-vicariously-through-office-tv-series\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/455.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"566085\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/wfh-has-pushed-people-to-live-vicariously-through-office-tv-series\/455-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/455.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"455.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/455.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/455.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566084\" class=\"content-area-description single-story post-566084 post type-post status-publish format-standard has-post-thumbnail hentry category-tv-pop-culture tag-enterprisepm tag-industry tag-office-life tag-tv-pop-culture tag-work-from-home 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>As the pandemic forced work from home upon us all, people globally began to tune into <\/strong><strong>office TV shows <\/strong>to get their fix of the cubicle drama, water cooler gossip, unlikely friendships, and of course, the office romance. \u201cWatching actors hold meetings, stack shelves and make calls has triggered both relief and curiosity,\u201d writes Emma Jacobs for a piece in the <a href=\"https:\/\/www.ft.com\/content\/ed155fd2-97b1-4700-b29d-a6940d4937ea\">Financial Times<\/a>. Workplaces have felt like a distant memory, a tale we\u2019ll tell our grandchildren someday saying \u2018in my day we had to physically be at the office everyday.\u2019<\/p>\n<p><strong>The dramas and comedies on TV acted as a sort of reminder of office dynamics<\/strong> from hierarchies to HR. However, even before covid-19, office dramas have always been a hit from the 2005 classic <a href=\"https:\/\/www.imdb.com\/title\/tt0386676\/\">The Office<\/a>, to the droll life of bureaucrats in <a href=\"https:\/\/www.imdb.com\/title\/tt1266020\/\">Parks and Recreations<\/a> and <a href=\"https:\/\/www.imdb.com\/title\/tt2467372\/\">Brooklyn 99<\/a>, and the Egyptian series <a href=\"https:\/\/elcinema.com\/work\/1654821\/\">Al 3eyada<\/a>. But 2020 and 2021 showed an all-time high demand for these shows, with The Office being the most watched show in the US, reeling in a total of 57.1 bn minutes, followed by Grey\u2019s Anatomy with 39.4 bn minutes, according to <a href=\"https:\/\/www.nielsen.com\/us\/en\/insights\/article\/2021\/tops-of-2020-nielsen-streaming-unwrapped\/\">Nielsen<\/a>.<\/p>\n<p><strong>But beyond streaming services smelling a niche and getting us hooked, why are office shows just generally so addictive? <\/strong>Justin Spitzer, the producer of the US version of The Office and <a href=\"https:\/\/www.imdb.com\/title\/tt4477976\/\">Superstore<\/a>\u2019s creator, believes it's tied into the fact that you can justifiably put a mismatched group of people in one space and force them to spend the day together. Especially when there\u2019s a big chance they don\u2019t like each other. Just like in real office spaces, different backgrounds, passions, and beliefs are sure to get in the way \u2014 all with the added bonus of being able to see each coworker\u2019s own narrative play out during their off time, adds Jamie Demetriou, creator and co-writer of the office comedy <a href=\"https:\/\/www.imdb.com\/title\/tt7524382\/\">Stath Lets Flats<\/a>.<\/p>\n<p><strong>The workplace is a great place to explore the human condition: <\/strong>Office TV shows tend to skim the surface of the usual day-to-day tasks: calls, reports, boring meetings. Instead, they focus on interactions with each other and the business in general, explains Lucy Prebble, a writer for the ongoing HBO series <a href=\"https:\/\/www.imdb.com\/title\/tt7660850\/\">Succession<\/a>. \u201cWork like this is really onlys interesting when there are character or relationship dynamics being played out underneath,\u201d Prebble says.<\/p>\n<p><strong>Will we ever see covid-time work TV shows?:<\/strong> Some shows, like Superstore, have already shot seasons during the pandemic, depicting patrons wearing face masks, frozen Zoom calls, and social distancing. The show touches upon some pandemic-brought corporate bad talk, with a character saying \u201cyou gotta look at it from corporate\u2019s perspective. They love money, and they don\u2019t care if we die.\u201d However, Superstore is one of the rare exceptions, with most shows filming new episodes that show life as it was before. That could change if the pandemic continues to overhaul our lives and the new normal sets in as something TV and cinema need to portray. Mickey Down, who co-created and co-wrote <a href=\"https:\/\/www.imdb.com\/title\/tt7671070\/\">Industry<\/a>, says workplace dramas created post-2020 can\u2019t avoid the biggest shock to workplaces in 100 years, \u201cyou have to acknowledge it.\u201d<\/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\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/office-life\/\">office life<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tv-pop-culture\/\">TV &amp; Pop Culture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/work-from-home\/\">Work from home<\/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=\"566086\" 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=\"566086\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/are-nfts-making-possible-a-new-form-of-theft\/\">\r\n                            Are NFTs making possible a new form of theft?                        <\/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\/26\/are-nfts-making-possible-a-new-form-of-theft\/\" 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\/26\/are-nfts-making-possible-a-new-form-of-theft\/')\">\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\/26\/are-nfts-making-possible-a-new-form-of-theft\/\">\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=Are NFTs making possible a new form of theft?&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/are-nfts-making-possible-a-new-form-of-theft\/\">\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\/26\/are-nfts-making-possible-a-new-form-of-theft\/&title=Are NFTs making possible a new form of theft?\">\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=Are+NFTs+making+possible+a+new+form+of+theft%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F26%2Fare-nfts-making-possible-a-new-form-of-theft%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\/26\/are-nfts-making-possible-a-new-form-of-theft\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/456.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"566087\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/are-nfts-making-possible-a-new-form-of-theft\/456-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/456.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"456.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/456.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/456.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566086\" class=\"content-area-description single-story post-566086 post type-post status-publish format-standard has-post-thumbnail hentry category-tech tag-blockchain tag-cryptocurrency tag-enterprisepm tag-nfts tag-tech wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <strong>How NFTs made plagiarism a business:<\/strong> The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8115d23b-a850-4f0f-bc1a-4cb6ac56e437\">recent boom in NFTs<\/a> \u2014 the unique digital vehicles that enable users to tokenize real world assets and are causing a ruckus in the art world \u2014 has been accompanied by another less welcome boom: Intellectual property theft. Since an NFT is non-duplicable, the process of trading them does not require an auction house or an authenticator as an intermediary. Nor, apparently, does it require the consent of the artist whose work is being digitally reproduced, which has led more and more artists to speak out about the content of their work being hijacked, digitized, and traded as an NFT without their knowledge, the <a href=\"https:\/\/www.theguardian.com\/technology\/2021\/mar\/12\/non-fungible-tokens-revolutionising-art-world-theft\">Guardian<\/a> writes.<\/p>\n<p><strong>How are artworks being stolen?<\/strong> A number of platforms allow you to easily tokenize images, websites and practically anything you can find online. <a href=\"https:\/\/marble.cards\/\">Marblecards<\/a> are a type of NFT that have been likened to \u201cbaseball cards for websites,\u201d where users can turn urls into unique tradable cards, while <a href=\"https:\/\/tokenizedtweets.com\/\">Tokenized Tweets<\/a> allows you to \u201carchive your favorite social media memories as digital collectibles,\u201d with an <a href=\"https:\/\/v.cent.co\/tweet\/20\">NFT of the first tweet ever written<\/a> selling for as much as USD 2.9 mn.<\/p>\n<p><strong>From your favourite social media posts, to the <\/strong><strong><a href=\"https:\/\/www.nbatopshot.com\/\">best moments from the NBA<\/a><\/strong><strong>, everything is seemingly tokenizable.<\/strong> This may not be a huge issue for someone whose tweets are being commodified, but it becomes particularly problematic for artists, particularly those producing digital art, whose livelihoods are dependent on being compensated for the media they are putting online. By reproducing their work as NFTs, traders are depriving this content\u2019s creators of the right to decide how their work is used, and making financial gains off of trading these digital shadows of existing media.<\/p>\n<p><strong>Artists have been speaking out: <\/strong>Swedish illustrator Simon St\u00e5lenhag took to <a href=\"https:\/\/bit.ly\/3eMbbup\">Twitter<\/a> to decry the tokenization of his work into an NFT, while some who purchased crypto art were <a href=\"https:\/\/bit.ly\/30JKmhU\">outraged to discover<\/a> that the sellers were not the original creators of the media. Some artists are <a href=\"https:\/\/www.coindesk.com\/stop-tokenizing-art-you-dont-own\">encouraging fellows to file copyright claims<\/a>, while others have stood by scratching their heads at <a href=\"https:\/\/bit.ly\/30L94yC\">finding tokenized versions of their artworks<\/a> for sale online without their consent. It\u2019s still unclear where NFTs of artworks stand with regards to intellectual property law, and with regards to the terms and conditions of platforms they poach from (Twitter for example, prohibits the permanent archiving of tweets, but it is unclear whether, and how, this could apply to NFTs).<\/p>\n<p><strong>The sidelining of artists represents a real blow to their earning potential:<\/strong> The value of crypto art traded over the past year <a href=\"https:\/\/cryptoart.io\/data\">has soared<\/a> from the mere thousands in mid 2020, to USD 12 mn in January 2021, to nearly USD 90 mn last month.<\/p>\n<p><strong>And the environmental cost of crypto-art is putting some creators off:<\/strong> Similar to the massive energy requirements of cryptocurrency mining (Bitcoin mining alone is <a href=\"https:\/\/digiconomist.net\/bitcoin-energy-consumption\">estimated to generate around 37 mn tonnes<\/a> of CO2 annually) the creation of NFTs is extremely energy intensive. <a href=\"https:\/\/memoakten.medium.com\/the-unreasonable-ecological-cost-of-cryptoart-2221d3eb2053\">Critics worry<\/a> that the increasing popularity of NFTs will significantly up the carbon footprint of the art world. For perspective, one artist <a href=\"https:\/\/joanielemercier.com\/the-problem-of-cryptoart\/\">writes<\/a> that her release of six relatively small crypto artworks in about 10 seconds consumed more electricity than their entire physical studio over the course of two years.<\/p>\n<p><strong>But some artists are working with the NFT format to enhance the value of their work: <\/strong>Christie\u2019s made waves last week with their <a href=\"https:\/\/www.theguardian.com\/artanddesign\/2021\/mar\/11\/christies-first-digital-only-artwork-70m-nft-beeple\">sale of a digital collage<\/a> \u2014 along with an NFT to guarantee authenticity \u2014 by an artist known as Beeple for a whopping USD 69.6 mn, marking the first time a major auction house has sold a digital artwork, and making this the third highest price paid for an auctioned artwork by a living artist. In a surreal twist of events, an original artwork by Banksy <a href=\"https:\/\/www.bbc.com\/news\/technology-56335948\">was burned<\/a> and destroyed, in order to drive up the price of its tokenized doppelganger which is now the only version of its physical referent in existence. The piece sold for USD 380k.<\/p>\n<p><strong>The art world is not the exclusive arena where NFTs can be useful<\/strong>, but it is the main area where their use is becoming problematic. Other popular uses in gaming and software licensing do not present the same issues, since the item being sold as an NFT is the thing of value itself (the upgrade in a game or the computer program for example) and not a mirror or a copy of something that exists and has value elsewhere. Whether NFT\u2019s are a short-lived trend in the artworld, or a paradigm shift for curators and collectors, they are opening up a new frontier for intellectual property theft. If they persist, we can expect to be presented with complex questions as to who really \u201cowns\u201d an artwork in an era where a digital item\u2019s blockchain is more a marker of its authenticity than the testimony of the artist who created it.<\/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\/blockchain\/\">blockchain<\/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\/nfts\/\">NFTs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tech\/\">TECH<\/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=\"566088\" 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\/26\/your-essential-business-calendar-on-26-may-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-566088\" class=\"content-area-description single-story post-566088 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 an event featuring Oil Minister Tarek El Molla.<\/p>\n<p>14 June (Monday): 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 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":566075,"template":"","categories":[],"tags":[],"class_list":["post-566074","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"019d7253-e02b-4644-a872-83515178d32f","teaser":"","photo_url":"https:\/\/ent.news\/2021\/5\/449.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 Macro Group taps EFG Hermes to advise on IPO. - 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-macro-group-taps-efg-hermes-to-advise-on-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Macro Group taps EFG Hermes to advise on IPO.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-macro-group-taps-efg-hermes-to-advise-on-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T05:15:25+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\/449.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-macro-group-taps-efg-hermes-to-advise-on-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/enterprise-macro-group-taps-efg-hermes-to-advise-on-ipo\/\",\"name\":\"Enterprise Macro Group taps EFG Hermes to advise on IPO. - 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