{"id":579452,"date":"2022-11-01T13:24:59","date_gmt":"2022-11-01T13:24:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=579452"},"modified":"2025-12-16T12:02:05","modified_gmt":"2025-12-16T12:02:05","slug":"all-about-minimalism","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/all-about-minimalism\/","title":{"rendered":"All about minimalism"},"content":{"rendered":"<section id=\"579454\" 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=\"579454\">\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\/2022\/11\/01\/this-evening-qatar-could-invest-usd-1-bn-in-sczone-green-hydrogen-facility-el-sisi-is-in-algiers-for-the-arab-league-summit\/\">\r\n                            THIS EVENING: Qatar could invest USD 1 bn in SCZone green hydrogen facility + El Sisi is in Algiers for the Arab League summit                        <\/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 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                                 <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579454\" class=\"content-area-description single-story post-579454 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-abdel-fattah-el-sisi tag-arab-league tag-enterprisepm tag-investment-watch 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>Happy hump day, wonderful people.<\/strong> It\u2019s a pleasantly brisk news day here at home as we get over the midweek slump \u2014 just enough to keep us on our toes, but not necessarily enough to warrant being branded as a heavy Tuesday.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Qatar is eyeing a USD 1 bn green hydrogen and ammonia project: <\/strong>The Qatar Investment Authority (QIA) is conducting studies to establish a renewables project in the Suez Canal Economic Zone with investments exceeding USD 1 bn, <a href=\"https:\/\/www.alborsaanews.com\/2022\/10\/31\/1592958\">Al Borsa<\/a> reports, citing sources it says have knowledge of the matter.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>It\u2019s very much a mixed bag in the international business press.<\/strong> Although no single story is dominating the front pages, a bumper 3Q 2022 earnings season for oil and gas is getting some play this afternoon, with Saudi Aramco reporting USD 42 bn in net income \u2014 its second-highest quarterly earnings \u2014 while BP also reported strong earnings during the quarter on the back of higher natural gas prices (<a href=\"https:\/\/www.ft.com\/content\/1e797657-887e-4975-bb56-999c05469c1e\">Financial Times<\/a> | <a href=\"https:\/\/www.reuters.com\/business\/energy\/bp-smashes-forecasts-with-82-billion-profit-2022-11-01\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-01\/saudi-aramco-makes-second-highest-profit-on-surging-oil-prices?srnd=premium-middle-east\">Bloomberg<\/a>).<\/p>\n<p><strong>HAPPENING NOW- <\/strong><\/p>\n<p><strong>The two-day <\/strong><strong><a href=\"https:\/\/www.arabsummit2022.dz\/\">Arab League summit<\/a><\/strong><strong> kicked off today<\/strong><strong>:<\/strong> <a href=\"https:\/\/bit.ly\/3Du7zaO\">President Abdel Fattah<\/a><a href=\"https:\/\/bit.ly\/3Du7zaO\">El Sisi<\/a> is in Algiers to attend the regional summit taking place amid a diplomatic spat between Algeria and Morocco. Morocco\u2019s King Mohamed VI declined the invitation to attend and <a href=\"https:\/\/bit.ly\/3zwcIOF\">arguments broke out<\/a> among diplomats in a pre-summit meeting. Saudi Crown Prince Mohamed bin Salman, who is reportedly <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-crown-prince-wont-attend-arab-summit-algeria-due-doctors-advice-2022-10-23\/\">not attending<\/a> for medical reasons, and UAE President Mohamed bin Zayed, Kuwait's Emir Nawaf Al Ahmad Al Sabah and Jordan\u2019s King Abdullah II are also <a href=\"https:\/\/www.thenationalnews.com\/mena\/jordan\/2022\/10\/30\/jordans-crown-prince-to-attend-arab-league-summit\/\">notably absent<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>IMF gives us kudos for deval:<\/strong> The IMF\u2019s Middle East and Central Asia boss <a href=\"https:\/\/enterprise.press\/#tldr-story-01\">has praised<\/a> the Central Bank of Egypt\u2019s policy moves last week, saying that the shift to a flexible exchange rate will protect the economy against external shocks and calling the decision to raise interest rates a \u201cstep in the right direction.\u201d<\/li>\n<li><strong>Has the EGP bottomed out?<\/strong> The EGP <a href=\"https:\/\/enterprise.press\/#tldr-story-02\">moved fractionally lower<\/a> against the greenback yesterday, edging down a very slight 0.2% to 24.1875.<\/li>\n<li><strong>Egypt <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/073f0563-1a97-45de-afc4-97c50b515bac\">is getting<\/a><\/strong><strong> a USD 2 bn loan from the UN\u2019s International Fund for Agricultural Development<\/strong> and unnamed \u201cpartner organizations\u201d to support small scale rural-farmers.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>November has come:<\/strong> Here are the key news triggers coming up this week and the next.<\/p>\n<ul>\n<li><strong>PMI:<\/strong> We\u2019ll know how Egypt\u2019s private sector fared in October tomorrow when S&P Global releases the purchasing managers\u2019 index. A 22-month contraction in private sector activity didn\u2019t show signs of abating in September as high inflation continued to weigh on demand and output.<\/li>\n<li><strong>Foreign reserves figures<\/strong> for October will be released next week.<\/li>\n<li><strong>Inflation:<\/strong> Capmas and the central bank will release October\u2019s inflation figures on Thursday, 10 November.<\/li>\n<\/ul>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Temperatures in Cairo will hit 26\u00b0C tomorrow during the day before falling to 17\u00b0C at night, our favorite weather app tells us \u2014 although it didn\u2019t predict this afternoon\u2019s showers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-league\/\">Arab League<\/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\/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=\"579455\" 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                            \"\r\n            id=\"579455\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/579455\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579455\" class=\"content-area-description single-story post-579455 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/palmhillsdevelopments.com\/OurDevelopments\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579456\" 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=\"579456\">\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\">FOR YOUR COMMUTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/forever-is-now-returns-to-the-giza-pyramids-egyptian-rappers-get-new-regulations\/\">\r\n                            Forever is Now returns to the Giza Pyramids + Egyptian rappers get new regulations                        <\/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\/2022\/11\/01\/forever-is-now-returns-to-the-giza-pyramids-egyptian-rappers-get-new-regulations\/\" 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\/2022\/11\/01\/forever-is-now-returns-to-the-giza-pyramids-egyptian-rappers-get-new-regulations\/')\">\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\/2022\/11\/01\/forever-is-now-returns-to-the-giza-pyramids-egyptian-rappers-get-new-regulations\/\">\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=Forever is Now returns to the Giza Pyramids + Egyptian rappers get new regulations&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/forever-is-now-returns-to-the-giza-pyramids-egyptian-rappers-get-new-regulations\/\">\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\/2022\/11\/01\/forever-is-now-returns-to-the-giza-pyramids-egyptian-rappers-get-new-regulations\/&title=Forever is Now returns to the Giza Pyramids + Egyptian rappers get new regulations\">\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=Forever+is+Now+returns+to+the+Giza+Pyramids+%2B+Egyptian+rappers+get+new+regulations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F01%2Fforever-is-now-returns-to-the-giza-pyramids-egyptian-rappers-get-new-regulations%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\/2022\/11\/01\/forever-is-now-returns-to-the-giza-pyramids-egyptian-rappers-get-new-regulations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/570.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"579457\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/forever-is-now-returns-to-the-giza-pyramids-egyptian-rappers-get-new-regulations\/570-jpeg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/570.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"570.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/570.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/570.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579456\" class=\"content-area-description single-story post-579456 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-ancient-egypt tag-enterprisepm tag-for-your-commute tag-music tag-work-life 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>The iconic Pyramids of Giza are once again the setting for the <\/strong><strong><a href=\"https:\/\/www.artdegypte.org\/#\/details\/27?type=exhibition\">Forever is Now<\/a><\/strong><strong>exhibition<\/strong> featuring 11 large-scale installations of contemporary art. Hosted by local consultancy <a href=\"https:\/\/www.artdegypte.org\/#\/home\">Art d'Egypte,<\/a> the grande exhibition opened last Thursday and will run through Wednesday, 30 November. Some 500k people attended last year\u2019s run, while over a bn people watched via social media live streams.<\/p>\n<p><strong>This year Meta is pitching in: <\/strong>The social media giant is collaborating with Art D'Egypte to release custom Augmented Reality filters available only on Instagram. The filters will help visitors navigate the exhibition and learn more about the backstory of each artwork, reflecting the event's theme of fusing ancient heritage with contemporary art. This is Meta\u2019s first XR investment in Egypt and the MENA region, according to a company <a href=\"https:\/\/ent.news\/2022\/10\/Meta-X-Forever-is-Now-English-Final.pdf\">statement (pdf)<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Egyptian rappers, get your diss tracks ready: <\/strong>Local rappers are now obliged to have a band of six authorized musicians to obtain live performance permissions, <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/5\/33\/478842\/Arts--Culture\/Music\/-musicians-must-accompany-Egyptian-rappers-in-publ.aspx\">Ahram Online<\/a> reports citing an announcement by Musicians Syndicate head Mostafa Kamel. Rappers also need to sign a pledge similar to one signed by Mahraganat singers <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/5\/33\/478331\/Arts--Culture\/Music\/-Egyptian-Musicians-Syndicate-sets-new-conditions-.aspx\">last month<\/a>, refraining from using indecent lyrics and committing to the set band formation.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/music\/\">music<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/work-life\/\">work life<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579458\" 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                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          <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-d3blcrs\" data-v=\"4\" data-block-id=\"d3blcrs\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-d3blcrs-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-d3blcrs-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            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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/571.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/571.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579459\" class=\"content-area-description single-story post-579459 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><br \/>\n (all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Are you a hoarder? Find the root of your struggle in <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81074662\">Minimalists: Less is Now<\/a><\/strong><strong>: <\/strong>In this Netflix documentary Minimalist gurus Joshua Fields Milburn and Ryan Nicodemus examine the addictive patterns we develop, the root causes of those patterns, and the possibility of a more fulfilling simpler life. The two friends use their personal stories to demonstrate the advantages of a minimalist lifestyle covering a range of topics related to consumerism, hoarding, and capitalism. It's tempting to turn to consumer goods as an answer to problems, but the Minimalists would rather rid people of the toxic cycles that come with buying stuff they don\u2019t actually need (<a href=\"https:\/\/youtu.be\/jn-xbOCZOiQ\">watch trailer, runtime 1:42<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube 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=\"579465\" 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=\"579465\">\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\/2022\/11\/01\/what-the-markets-are-doing-on-1-november-2022\/\">\r\n                            What the markets are doing on 1 November, 2022                        <\/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\/2022\/11\/01\/what-the-markets-are-doing-on-1-november-2022\/\" 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\/2022\/11\/01\/what-the-markets-are-doing-on-1-november-2022\/')\">\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\/2022\/11\/01\/what-the-markets-are-doing-on-1-november-2022\/\">\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 the markets are doing on 1 November, 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/what-the-markets-are-doing-on-1-november-2022\/\">\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\/2022\/11\/01\/what-the-markets-are-doing-on-1-november-2022\/&title=What the markets are doing on 1 November, 2022\">\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+the+markets+are+doing+on+1+November%2C+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F01%2Fwhat-the-markets-are-doing-on-1-november-2022%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\/2022\/11\/01\/what-the-markets-are-doing-on-1-november-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579465\" class=\"content-area-description single-story post-579465 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 rose 0.5% at today\u2019s close<\/strong> on turnover of EGP 1.53 bn (30.8% above the 90-day average). Foreign investors were net sellers. The index is down 4.3% YTD.<\/p>\n<p><strong>In the green: <\/strong>Cleopatra Hospitals (+7.7%), Madinet Nasr Housing and Development (+4.7%) and Credit Agricole Egypt (+3.0%).<\/p>\n<p><strong>In the red: <\/strong>Juhayna (-4.7%), Eastern Company (-2.5%) and Palm Hills Development (-1.0%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579466\" 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=\"579466\">\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\">Founder of the Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/meet-our-founder-of-the-week-hadeer-shalaby-founder-of-green-fashion\/\">\r\n                            Meet our founder of the week: Hadeer Shalaby, founder of Green Fashion                        <\/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\/2022\/11\/01\/meet-our-founder-of-the-week-hadeer-shalaby-founder-of-green-fashion\/\" 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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Speaking to us this week is Hadeer Shalaby (<a href=\"https:\/\/www.linkedin.com\/in\/hadeershalaby\/\">LinkedIn<\/a>), founder of social enterprise <a href=\"https:\/\/www.greenfashion-stores.com\">Green Fashion<\/a>.<\/p>\n<p><strong>My name is Hadeer Shalaby and I\u2019m 28 years old.<\/strong> I\u2019m an engineer who studied computer science before moving on to business administration. I worked as a web developer in a corporation for two years after graduating but quit to concentrate on Green Fashion. I've always been fascinated by the idea of sustainability \u2014 of creating a sustainable product while simultaneously empowering women. This is why I decided to launch a green fashion line.<\/p>\n<p><strong>I first came up with the idea for Green Fashion in 2018. <\/strong>I wanted to create a business model that is both socially and environmentally responsible. Growing up in Menoufia, where women's suffering is pervasive, I was inspired to empower them. I intended to provide them with financial freedom as well as training in an environmentally responsible skill so that they could support themselves and their families. In addition, I set up shop near their homes so that they wouldn't have to travel too far and set up a daycare inside the facility so they wouldn't have to leave their children at home while they went to work.<\/p>\n<p><strong>Green Fashion is a social enterprise that repurposes factory waste and textiles into garments using patchwork and other innovative methods, all while empowering women.<\/strong> We started with three founders and have now grown to a team of 15. We only had one line. We exclusively made vests, and we would sell them at open days and marketplaces and seek feedback from customers. By doing so, we were able to match our customers\u2019 needs and expand to many lines, including pants, dresses, veiled women's clothing, and even formal apparel.<\/p>\n<p><strong>We take steps to ensure that our production process is entirely green<\/strong> with no chemical use, reduced carbon emissions, clean energy, 90% water preservation, 50% waste reduction, and the use of eco-friendly textiles. We also manufacture our own eco-dyes and use biodegradable fabric.<\/p>\n<p><strong>The best part about my job is witnessing how happy and prosperous the ladies we employed are, and how satisfied our clients are with our products<\/strong>. That added-value brightens my day. Also, observing how these women grow into better versions of themselves \u2014 more aware and proud of what they do \u2014 while customers are interested in learning and supporting our brand's vision, makes everything I do worthwhile.<\/p>\n<p><strong>The worst part about my job is the challenges I face while trying to expand or attain a certain license for the company.<\/strong> The process is very difficult. However, we were able to overcome some of the challenges and export to neighboring countries, including the UAE, Kuwait, and Morocco. Currently, we\u2019re trying to expand to Europe as well.<\/p>\n<p><strong>When I have a problem at work, I don't go to one person in particular. Instead, I turn to people I work with.<\/strong> We all collaborate in the sense that if there is a problem, both the team and the board will discuss a solution. If the problem is beyond the capacity of the team and board, I turn to my mentors who work in the same industry and share the same goal and philosophy.<\/p>\n<p><strong>Starting your own business is not a lonely journey.<\/strong> To me, working in a corporation was lonely, given the nature of my work. However, now that I operate my own company, I never feel lonely. I'm always surrounded by people and good vibes. I have built and joined the environment that I believe is appropriate for my attitude. This is why I am never lonely.<\/p>\n<p><strong>At first, it was challenging persuading my family<\/strong> that my decision to leave a well-paid position with a reputable company and launch my own company was the best path for me. However, as time passed and they realized the positive impact Green Fashion was having on the community and our people, they grew extremely proud and are now actively supporting me and brainstorming with me.<\/p>\n<p><strong>Green Fashion has received numerous grants totaling USD 200k to date<\/strong>. Our biggest supporters included <a href=\"https:\/\/switchmed.eu\">Switchmed<\/a>, <a href=\"https:\/\/www.safir-eu.com\/en\">Safir EU<\/a>, <a href=\"https:\/\/www.sekem.com\/en\/index\/\">Sekem<\/a>, <a href=\"https:\/\/www.oxfam.org\/en\">Oxfam<\/a>, <a href=\"https:\/\/moic.gov.eg\/project\/202\">Tanmia Wa Tatweer<\/a> (TwT), <a href=\"https:\/\/mitefarab.org\">MIT Enterprise Forum Pan Arab<\/a>, and many more.<\/p>\n<p><strong>My short-term goals for Green Fashion are launching a solar-powered smart recycling bin, and establishing workshops in public and private institutions<\/strong> to increase awareness about sustainable fashion and green textiles. We aim to encourage students to donate their old clothes in exchange for price reductions on our website and other perks. We also intend to open a Green Fashion facility next to a textile factory in another governorate in order to benefit more women, improve our products, and distribute biodegradable fiber across Egypt.<\/p>\n<p><strong>My long-term goal is to build schools and create curriculums<\/strong> to teach future fashion designers about sustainable fashion and how to produce in accordance with environmental standards. We also intend to franchise Green Fashion to have a greater social and environmental impact.<\/p>\n<p><strong>If I were to exit my business<\/strong>, I would do it either through a large acquisition and stay as a founder with a stake in the company, or do it through an IPO. However, the latter approach is extremely difficult because it requires a lot of money, franchises, and massive expansion.<\/p>\n<p><strong>I just finished watching <\/strong><strong>Our Planet<\/strong><strong>.<\/strong> It's a documentary about climate change and its effects on living organisms and life. I'm also continuously reading the news and keeping up with the economy because it has a big impact on my business.<\/p>\n<p><strong>Currently, I am most inspired by laboratories, factories, and accelerators<\/strong>, particularly those of H&M. They give me ideas for ways to reinvent fabrics and dyes and encourage me to shorten the production cycle.<\/p>\n<p><strong>I lead a typical marital lifestyle in my spare time<\/strong>. I enjoy cooking a lot, going on daily walks with my husband, and riding my bike. I think moving my body keeps me grounded.<\/p>\n<p><strong><a href=\"https:\/\/www.breadfast.com\">Breadfast<\/a><\/strong><strong> is a startup that I believe is doing extremely well<\/strong>. They have accomplished so much in such a short period of time. I particularly like how they manage consumers and their services.<\/p>\n<p><strong>If I didn\u2019t have Green Fashion, I still don\u2019t think I would\u2019ve been able to work in <\/strong><strong>corporate<\/strong><strong>.<\/strong> I would have eventually turned to something related to women\u2019s empowerment and sustainability because I am truly very passionate about these two topics.<\/p>\n<p><strong>If I could give someone starting a business one piece of advice<\/strong>, it would be to work on themselves and surround themselves with the right people that share the same mindset and passion in order to grow and learn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/founder-of-the-week\/\">FOUNDER OF THE WEEK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-fashion\/\">Green Fashion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/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=\"579468\" 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\/2022\/11\/01\/579468\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579468\" class=\"content-area-description single-story post-579468 post type-post status-publish format-standard hentry category-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><strong>NOVEMBER<\/strong><\/p>\n<p>1 November (Tuesday): Deadline for importers, exporters and customs brokers to join Nafeza.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Arab League annual summit, Algiers, Algeria.<\/p>\n<p>3-5 November (Thursday-Saturday): Egypt Fashion Week.<\/p>\n<p>4-6 November (Friday-Sunday): <a href=\"https:\/\/www.autotechegypt.com\/en\/home.html\">Autotech<\/a> auto exhibition, Cairo International Exhibition and Convention Center.<\/p>\n<p>5-8 November (Sunday-Tuesday): Techne Summit for Investment and Entrepreneurship, Alexandria, Egypt<\/p>\n<p>6-18 November (Sunday-Friday): Egypt will host <a href=\"https:\/\/cop27.eg\/\">COP27<\/a> in Sharm El Sheikh.<\/p>\n<p>7 November (Monday): <a href=\"https:\/\/www.greeninitiatives.gov.sa\/about-mgi\/\">Middle East Green Initiative<\/a>, Sharm El Sheikh.<\/p>\n<p>7 November (Monday): The inauguration of the first line of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2356273-f17c-4a5b-a987-663aab9a2e29\">high-speed rail<\/a>.<\/p>\n<p>9 November (Wednesday): Finance Ministry to host \u201c<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid029A7ytdAhcMYQsLo8xQ6Ne5FuvWWDty9yYj66v4LMifKZ611tqzps8jkcw4P7fLMhl\">Finance Day<\/a>\u201d at COP27.<\/p>\n<p>11-12 November (Friday-Saturday): <a href=\"https:\/\/www.greeninitiatives.gov.sa\/about-sgi\/\">Saudi Green Initiative<\/a>, Sharm El Sheikh.<\/p>\n<p>7-13 November (Monday-Sunday): The International University Sports Federation (FISU) <a href=\"https:\/\/www.worldsquash.org\/2022-fisu-world-university-championship-squash-to-take-place-in-egypt\/\">World University<\/a> Squash Championships, New Giza.<\/p>\n<p>13 November (Sunday): Senate back in session.<\/p>\n<p>15-16 November (Tuesday-Wednesday): <a href=\"https:\/\/www.g20.org\/bali-summit\/\">G20 summit<\/a>, Bali, Indonesia.<\/p>\n<p>21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>22 November- 23 November (Tuesday-Wednesday): <a href=\"http:\/\/thefingerprintsummit.org\/#\/speakersnew\">The Fingerprint Summit<\/a> will be held at the Nile Ritz Carlton Hotel.<\/p>\n<p>27 - 28 November (Thursday-Friday): The first edition of the <a href=\"https:\/\/twitter.com\/Extranewstv\/status\/1579478836366176256\">Egypt Media Forum<\/a>.<\/p>\n<p>27-30 November (Sunday-Wednesday): <a href=\"https:\/\/cairoict.com\/\">Cairo ICT<\/a>, Egypt International Exhibition Center, New Cairo.<\/p>\n<p><strong>DECEMBER<\/strong><\/p>\n<p>3 December (Saturday): Dior Men\u2019s pre-fall collection show in Giza.<\/p>\n<p>10-12 December (Saturday-Monday): The 2nd edition of the <a href=\"https:\/\/www.facebook.com\/NebuGoldExpo\/\">Nebu Expo for Gold and Jewelry<\/a>kicks off.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>13-15 December (Tuesday-Thursday): US-Africa Leaders Summit.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>December: The Sixth of October dry port <a href=\"https:\/\/bit.ly\/3u3uB4u\">will begin operations<\/a>.<\/p>\n<p>December: Egyptian Automotive Summit.<\/p>\n<p>December: Egypt to <a href=\"https:\/\/bit.ly\/3bVoWYy\">expand Sudan electricity link capacity<\/a> to 300 MW.<\/p>\n<p><strong>JANUARY 2023<\/strong><\/p>\n<p>January: EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/p>\n<p>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>1 January (Sunday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/p>\n<p>1 January (Sunday): Residential electricity bills are set to rise as per the government\u2019s <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A7%D9%84%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%89-%D9%84%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D9%84%D8%AE%D9%85%D8%B3-%D8%B3%D9%86%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85%D8%A9-9-6-2020-1.pdf\">six-year roadmap (pdf)<\/a> to restructure electricity prices by 2025.<\/p>\n<p>7 January (Saturday): Coptic Christmas.<\/p>\n<p>24 January-6 February: The 54th Cairo International Book Fair, Egypt International Exhibition Center<\/p>\n<p>25 January (Wednesday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>26 January (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>30 January-1 February (Monday-Wednesday): CI Capital\u2019s Annual MENA Investor Conference 2023, Cairo, Egypt.<\/p>\n<p><strong>FEBRUARY 2023<\/strong><\/p>\n<p>11 February (Saturday): Second semester of 2022-2023 academic year begins for public universities.<\/p>\n<p>13-15 February (Monday-Wednesday): The <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show (Egyps)<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p>23-27 February (Thursday-Monday): Annual Business Women of Egypt\u2019s Women for Success conference.<\/p>\n<p><strong>MARCH 2023<\/strong><\/p>\n<p>March: 4Q2022 earnings season.<\/p>\n<p>23 March (Wednesday): First day of Ramadan (TBC). Maghreb will be at 6:08pm CLT.<\/p>\n<p><strong>APRIL 2023<\/strong><\/p>\n<p>17 April (Monday): Sham El Nessim.<\/p>\n<p>22 April (Saturday): Eid El Fitr (TBC).<\/p>\n<p>25 April (Tuesday): Sinai Liberation Day.<\/p>\n<p>27 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC).<\/p>\n<p>Late April \u2013 15 May: 1Q2023 earnings season.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1 May (Monday): Labor Day.<\/p>\n<p>4 May (Thursday) National holiday in observance of Labor Day (TBC).<\/p>\n<p>22-26 May (Monday-Friday): Egypt <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/african-development-bank-group-concludes-annual-meetings-governors-endorse-banks-vision-next-10-years-51974#:~:text=The%20new%20Board%20of%20Governors,from%2022%2D26%20May%202023.\">will host<\/a> the African Development Bank (AfDB) annual meetings in Sharm El Sheikh.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p>19-21 June (Monday-Wednesday) Egypt Infrastructure and Water Expo <a href=\"https:\/\/ent.news\/2022\/9\/Announcement__EGYPT_INFRASTRUCTURE_AND_WATER_EXPO_LAUNCHES_JUNE_2023.pdf\">debuts<\/a> at the Egypt International Exhibition Center.<\/p>\n<p>28 June-2 July (Wednesday-Sunday): Eid El Adha (TBC).<\/p>\n<p>30 June (Friday): June 30 Revolution Day.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>18 July (Tuesday): Islamic New Year.<\/p>\n<p>20 July (Thursday): National holiday in observance of Islamic New Year (TBC).<\/p>\n<p>23 July (Sunday): Revolution Day.<\/p>\n<p>27 July (Thursday): National holiday in observance of Revolution Day.<\/p>\n<p>Late July-14 August: 2Q2023 earnings season.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>26 September (Tuesday): Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p>28 September (Thursday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>6 October (Friday): Armed Forces Day.<\/p>\n<p>Late October-14 November: 3Q2023 earnings season.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/p>\n<p>2H 2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H 2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H 2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q 2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>3Q 2022: Swvl to close <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">acquisition of<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Urbvan<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Mobility<\/a>.<\/p>\n<p>4Q 2022: Infinity + Africa Finance Corporation to close acquisition of Lekela Power.<\/p>\n<p>End of November: SFE\u2019s pre-IPO fund <a href=\"https:\/\/twitter.com\/AsharqBusiness\/status\/1586689461504589827\">to kick off<\/a>roadshow.<\/p>\n<p>4Q 2022: Electricity Ministry to tender six solar projects in Aswan Governorate.<\/p>\n<p>4Q2022: Raya Holding subsidiary Aman and Qalaa Holdings\u2019 Taqa Arabia to launch their fintech company.<\/p>\n<p>4Q 2022: Saudi Jamjoom Pharma to <a href=\"https:\/\/bit.ly\/3R7SGzP\">inaugurate its EGP 1 bn pharma factory<\/a> in El Obour.<\/p>\n<p>End of 2022: Decent Life first phase scheduled for completion.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/p>\n<p>1Q 2023: Adnoc Distribution\u2019s acquisition of 50% of TotalEnergies Egypt to close.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":579453,"template":"","categories":[],"tags":[],"class_list":["post-579452","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e2001ef2-ba13-4086-9f6a-4e449dd2824c","teaser":"","photo_url":"https:\/\/ent.news\/2022\/11\/549.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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