{"id":579502,"date":"2022-11-03T13:19:25","date_gmt":"2022-11-03T13:19:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=579502"},"modified":"2025-12-16T12:03:20","modified_gmt":"2025-12-16T12:03:20","slug":"putting-the-price-tag-on-obesity","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/putting-the-price-tag-on-obesity\/","title":{"rendered":"Putting the price tag on obesity"},"content":{"rendered":"<section id=\"579504\" 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=\"579504\">\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\/03\/this-evening-pmi-in-contraction-for-23rd-month-running-netflix-with-ads-is-now-here\/\">\r\n                            THIS EVENING: PMI in contraction for 23rd month running + Netflix with ads is now here                        <\/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\/03\/this-evening-pmi-in-contraction-for-23rd-month-running-netflix-with-ads-is-now-here\/\" 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\/03\/this-evening-pmi-in-contraction-for-23rd-month-running-netflix-with-ads-is-now-here\/')\">\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\/03\/this-evening-pmi-in-contraction-for-23rd-month-running-netflix-with-ads-is-now-here\/\">\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=THIS EVENING: PMI in contraction for 23rd month running + Netflix with ads is now here&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/this-evening-pmi-in-contraction-for-23rd-month-running-netflix-with-ads-is-now-here\/\">\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\/03\/this-evening-pmi-in-contraction-for-23rd-month-running-netflix-with-ads-is-now-here\/&title=THIS EVENING: PMI in contraction for 23rd month running + Netflix with ads is now here\">\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=THIS+EVENING%3A+PMI+in+contraction+for+23rd+month+running+%2B+Netflix+with+ads+is+now+here+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fthis-evening-pmi-in-contraction-for-23rd-month-running-netflix-with-ads-is-now-here%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\/03\/this-evening-pmi-in-contraction-for-23rd-month-running-netflix-with-ads-is-now-here\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579504\" class=\"content-area-description single-story post-579504 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-bank-of-england tag-economy tag-enterprisepm tag-monetary-policy tag-netflix tag-pmi 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>Good afternoon, ladies and gentlemen.<\/strong> We\u2019re at the end of the last workday before the start of COP27, with hundreds of attendees currently on their way or set to begin their travels soon to Sharm El Sheikh.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Activity in Egypt\u2019s non-oil private sector continued to contract in October,<\/strong><strong> albeit at a marginally lower pace <\/strong><strong>than it did in September<\/strong>, according to S&P Global\u2019s <a href=\"https:\/\/www.pmi.spglobal.com\/Public\/Home\/PressRelease\/bac59ef295054d07a57432ba0b957cec\">purchasing managers\u2019 index (pdf)<\/a>. The PMI index registered 47.7 last month \u2014 just 0.1 points higher than September\u2019s reading, but marking the highest reading since February. This is the 23rd consecutive month that index has come in below the 50.0 threshold that separates growth from contraction.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Leading the conversation in the international business press this afternoon:<\/strong> The Bank of England <a href=\"https:\/\/www.bankofengland.co.uk\/monetary-policy-summary-and-minutes\/2022\/november-2022\">raised interest rates by 75 basis points<\/a> today \u2014 its highest rate hike in more than three decades \u2014 in a bid to tamp down inflation amid a \u201cvery challenging\u201d outlook for the UK\u2019s economy. The story is on the front pages of the <a href=\"https:\/\/www.wsj.com\/articles\/bank-of-england-raises-key-interest-rate-by-0-75-point-11667477027?mod=hp_lead_pos1\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-03\/boe-hikes-by-75-basis-points-but-rejects-market-rate-path\">Bloomberg<\/a>, and <a href=\"https:\/\/www.cnbc.com\/2022\/11\/03\/bank-of-england-raises-rate-by-75-basis-points-biggest-hike-in-33-years.html\">CNBC<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>SIGN OF THE TIMES- Netflix with ads launches in 12 countries: <\/strong>Netflix is rolling out its ad-supported service in a dozen countries today including Canada, the UK, and the US in an effort to boost revenues and subscriber growth, the <a href=\"https:\/\/www.wsj.com\/articles\/netflix-with-ads-launching-as-talks-continue-with-studios-over-content-11667381403?mod=hp_lead_pos4\">Wall Street Journal<\/a> reports. The ad-supported plan will cost USD 6.99 in the US, while the premium tier \u2014 which is set to offer exclusive programs \u2014 will cost US customers USD 19.99. Disney+ is set to follow suit with its own ad rollout next month.<\/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>Is the state readying logistics companies for EGX debuts in 2023?<\/strong> The Madbouly government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f071461a-67ca-4eda-97bf-6c10415a375d\">plans to IPO<\/a> as many as four state-owned maritime and land transport companies during 1Q 2023 as it looks to reboot its stalled privatization program.<\/li>\n<li><strong>More renewables projects are being negotiated in Riyadh:<\/strong> The Electricity Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db8e376b-7412-4e46-aaa1-3e4f5b33660a\">is in talks<\/a> with six Saudi firms for more than USD 3 bn worth of renewable energy projects as Electricity Minister Mohamed Shaker visits Riyadh.<\/li>\n<li><strong>The International Cooperation Ministry <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/196346a6-9073-4ec3-be85-d7263213092b\">will seek<\/a><\/strong><strong> blended finance for nine projects worth USD 15 bn <\/strong>in its Nexus on Water, Food and Energy (NWFE) program.<\/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>Fifteen global green startups will pitch at COP27 as part of the government\u2019s <\/strong><strong>ClimaTech competition:<\/strong> The International Cooperation Ministry has selected its 15-strong shortlist from the 422 startups that applied to the <a href=\"https:\/\/climatechrun.com\/ar\">ClimaTech Run<\/a> competition \u2014 which <a href=\"https:\/\/eg.usembassy.gov\/united-states-and-egypt-launch-global-climate-competition-to-promote-green-start-ups-and-entrepreneurs\/\">is supported<\/a> by our friends at USAID through their Business Egypt program. The chosen firms will pitch their businesses to a judging panel composed of top UN officials as well as representatives of Afreximbank, Microsoft, and Google during the climate summit\u2019s Youth Day, the ministry <a href=\"https:\/\/moic.gov.eg\/ar\/news\/764?fbclid=IwAR2m5fShOpo0gzvd_9a6_eZcyQosNVJ0wpZVwZEfjM1MiCfKSdfu9OBh0Qo\">said<\/a> yesterday. The startups present sustainable solutions in sectors including energy, agriculture, food security, transport, and urban development. Together they operate across 46 countries, with eight firms based on the African continent.<\/p>\n<p><strong>A delegation of Italian agricultural firms will visit Egypt in the second week of <\/strong><strong>December <\/strong>to explore potential cooperation with local companies, Italian Ambassador to Cairo Michael Caron told Trade and Industry Minister Ahmed Samir in a meeting, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/541079681395790\/\">statement<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong><strong>Your weekend weather is looking fantastic<\/strong>. Look for a daytime high of 26\u00b0C in Cairo on both Friday and Saturday, with an overnight low of 14\u00b0C. Folks landing in Sharm can expect a high tomorrow of 29\u00b0C, with the mercury dipping to 22\u00b0C at night.<\/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\/bank-of-england\/\">Bank of England<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/netflix\/\">Netflix<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/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=\"579505\" 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=\"579505\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/579505\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579505\" class=\"content-area-description single-story post-579505 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 decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt='enterprise'><\/a><\/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<section id=\"579506\" 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=\"579506\">\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\/03\/our-circadian-rhythms-get-thrown-out-of-whack-with-the-changing-clocks-is-ubers-business-model-unsustainable\/\">\r\n                            Our circadian rhythms get thrown out of whack with the changing clocks + Is Uber\u2019s business model unsustainable?                        <\/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\/03\/our-circadian-rhythms-get-thrown-out-of-whack-with-the-changing-clocks-is-ubers-business-model-unsustainable\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The issue with permanently implementing daylight saving time is how it throws our bodies out of sync with the sun all year long, leading to a number of health concerns, according to sleep specialists. Early-morning sunlight is essential for sustaining our circadian rhythms (the brain\u2019s internal clock), sleep-wake cycles, and overall health.<\/p>\n<p><strong>How circadian rhythms work: <\/strong>Most of our internal clocks \u2014 which are responsible for regulating cardiac functions, metabolic processes, hormone fluctuations, and sleep \u2014 run longer than 24 hours. The sun intervenes to remedy that, sending our eyes signals to reset our internal clock so it becomes synchronized with a 24-hour day. The sun setting pushes our bodies to produce hormones such as melatonin to encourage sleep.<\/p>\n<p><strong>Daylight saving time unexpectedly disturbs this: <\/strong>The shift cuts into our sleep at both the beginning and the end of the day, and our bodies don\u2019t immediately adjust to this change \u2014 the body still wants its old wake and sleep times.<\/p>\n<p><strong>The health risks:<\/strong> This vital one-hour shift is linked to an increase in heart attacks, strokes, and a rise in car accidents. Experts also say the resulting circadian misalignment can impact melatonin production and living out of sync with our internal clocks \u2014 increasing the risk of sleep loss, obesity, diabetes, heart disease, mood disorders, and certain types of cancer. Eliminating daylight saving time allows better circadian alignment by <a href=\"https:\/\/gay-sauna-nice.com\/\" style=\"color:inherit;text-decoration:inherit;\">gay-sauna-nice.com<\/a> to adjust naturally and reduces the risk for long-term health issues, experts say.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Uber whistleblower says company business model is unsustainable: <\/strong>Former Uber executive Mark MacGann detailed the company\u2019s efforts to influence policy and push against improved worker rights at Lisbon\u2019s Web Summit yesterday, <a href=\"https:\/\/www.reuters.com\/technology\/uber-whistleblower-says-current-business-model-absolutely-unsustainable-2022-11-02\/\">Reuters<\/a> reports. McGann reveals he is the man behind the <a href=\"https:\/\/www.icij.org\/investigations\/uber-files\/\">Uber Files<\/a> \u2014 a collection of 124k internal documents leaked to the press. He says Uber was \u201cweaponizing drivers\u201d in its struggles against government regulation around the world and its business model remains \u201cabsolutely\u201d unsustainable due to deception regarding the advantages of the gig economy.<\/p>\n<p><strong>Will angry drivers be the downfall of Uber?<\/strong> The ride hailing company continues to emphasize that independent contractors are at the heart of its business model, because everyone wants to be self-employed and have freedom. However, MacGann contradicts this position with evidence that many Uber drivers have filed lawsuits against the company in many countries because they want a \u201cminimum of social protection such as sick pay,\u201d he says.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The Twitter saga continues with mass layoffs this weekend: <\/strong>Elon Musk is reportedly preparing to fire up to half of Twitter's 7.5k employees tomorrow in a mass cost-cutting makeover, sources in the know tell the <a href=\"https:\/\/www.ft.com\/content\/9164ab3f-39b7-45a4-ac25-8bf5a1c7f7df\">Financial Times<\/a>. Following his USD 44 bn acquisition of the social media platform, the b\u2019naire also wants to change Twitter's present remote-working policy to pull staff back into the office starting Monday, the sources said.<\/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\/elon-musk\/\">Elon Musk<\/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\/twitter\/\">Twitter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            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stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper 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stk-block stk-7xarn6e\" data-v=\"4\" data-block-id=\"7xarn6e\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-7xarn6e-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-7xarn6e-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            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<span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" 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   <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/a-solid-basketball-documentary-for-all-the-sports-fans-out-there\/\">\r\n                            A solid basketball documentary for all the sports fans out there                        <\/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 class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/583.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"579510\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/a-solid-basketball-documentary-for-all-the-sports-fans-out-there\/583-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/583.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"583.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/583.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/583.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579509\" class=\"content-area-description single-story post-579509 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>An exhilarating comeback story in <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81452996\">The Redeem Team<\/a><\/strong><strong>:<\/strong> The Netflix documentary is a fascinating look at the US men's basketball team\u2019s quest to reclaim gold medal glory in 2008 \u2014 setting aside their individual egos as the NBA's biggest stars to play for each other and their fans. Here's some context: The 1992 US men's Olympic basketball team was dubbed \"The Dream Team,\" including stars Michael Jordan, Magic Johnson, and other legends. NBA stars began to decline invitations to join the Olympic team and then the unthinkable happened \u2014 the US won a bronze medal in 2004. In 2008, LeBron James, Kobe Bryant, and Carmelo Anthony stepped up to the plate to bring back the Olympic gold as The Redeem Team. LeBron James offers some comedic relief in the documentary, but the interviews with Kobe Bryant, who tragically died in a helicopter crash in 2020, are the most moving (<a href=\"https:\/\/www.youtube.com\/watch?v=UMmfRJdPPoE\">watch trailer, runtime 1:56<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"579516\" 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=\"579516\">\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\/03\/what-the-markets-are-doing-on-3-november-2022\/\">\r\n                            What the markets are doing on 3 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\/03\/what-the-markets-are-doing-on-3-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\/03\/what-the-markets-are-doing-on-3-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\/03\/what-the-markets-are-doing-on-3-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 3 November, 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/what-the-markets-are-doing-on-3-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\/03\/what-the-markets-are-doing-on-3-november-2022\/&title=What the markets are doing on 3 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+3+November%2C+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fwhat-the-markets-are-doing-on-3-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\/03\/what-the-markets-are-doing-on-3-november-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579516\" class=\"content-area-description single-story post-579516 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 0.2% at today\u2019s close<\/strong> on turnover of EGP 880.5 mn (18.3% below the 90-day average). Local investors were net buyers. The index is down 5.8% YTD.<\/p>\n<p><strong>In the green: <\/strong>Telecom Egypt (+4.3%), Egypt Kuwait Holding-EGP (+3.9%) and CIB (+1.2%).<\/p>\n<p><strong>In the red: <\/strong>Juhayna Food Industries (-3.5%), Alexandria Containers and Cargo Handling (-2.3%) and Cleopatra Hospitals (-1.9%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"579517\" 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=\"579517\">\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\">HEALTH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/the-economic-impact-of-obesity-in-egypt\/\">\r\n                            The economic impact of obesity in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/the-economic-impact-of-obesity-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Left unchecked, the economic consequences of obesity and being overweight could spiral from an estimated USD 2 tn in 2020 to over USD 3 tn by 2030 and an exorbitant USD 18 tn sum by 2060, according to <a href=\"https:\/\/ent.news\/2022\/10\/The_Economic_Impact_of_Overweight__Obesity_in_2020_and_2060.pdf\">a World Obesity Federation and RTI report (pdf<\/a>). For Egypt \u2014 listed among the countries expected to be most severely impacted in the coming decades \u2014 the economic consequences are already at our doorstep.<\/p>\n<p><strong>The current healthcare costs of obesity in Egypt? Over EGP 60 bn a year.<\/strong> The cost of treating obesity-related health problems in Egypt was estimated at around EGP 62 bn by <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC8429929\/#B30\">a Cairo University study<\/a> published in 2021. Obesity aggravates pre-existing conditions and contributes to the onset of new diseases, making them more difficult and costly to treat. \u201cObesity is a major contributor to ill-health and health expenditure in Egypt. It is a risk factor of several diseases, of which some are very severe, like heart diseases and stroke,\u201d the report said.<\/p>\n<p><strong>Obesity contributed to a fifth of deaths in 2020:<\/strong> Almost 20% of the total number of deaths in Egypt in 2020 (around 115k) have been linked to obesity, according to the report. Meanwhile, <a href=\"https:\/\/www.who.int\/data\/gho\/indicator-metadata-registry\/imr-details\/158\">disability adjusted life years<\/a> \u2014 a metric representing the loss of one year of full health \u2014 was said to have reached 4 mn in 2020.<\/p>\n<p><strong>The figures have been steadily rising:<\/strong> Between 2006 and 2019 the rate of adult obesity in Egypt rose to 40% from 30%, according to the 2021 study. By 2030, that figure could go up to some 41.6% and is expected to balloon to some 89% by 2060, according to the <a href=\"https:\/\/ent.news\/2022\/10\/World_Obesity_Atlas_2022.pdf\">World Obesity Federation report (pdf)<\/a>.<\/p>\n<p><strong>Women are way more at risk: <\/strong>Currently <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC8429929\/#B30\">some 50% of women<\/a> in Egypt are considered obese, while among men, the obesity rate is estimated to be at some 30%. By 2030, <a href=\"https:\/\/ent.news\/2022\/10\/World_Obesity_Atlas_2022.pdf\">the same variance<\/a> will hold true as some 51.7% of women are expected to be considered obese compared to some 31.41% of men. The variation in these figures is likely due to cultural forces that have traditionally meant that \u201cfemales in Egypt are less likely to be involved in physical activities compared to males,\u201d the authors of <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC8429929\/#B30\">the study<\/a> argue.<\/p>\n<p><strong>And an uptick in obesity figures in 2020 has been linked to the pandemic:<\/strong> <a href=\"https:\/\/pubmed.ncbi.nlm.nih.gov\/33043562\/\">One study<\/a> has argued that weight gain around the world in 2020 was partially attributable to lockdowns which caused a spike in stress-eating, higher rates of junk food consumption, less exercise, as well as an increase in anxiety which is linked to worse sleep \u2014 and less effective metabolic functioning.<\/p>\n<p><strong>A lack of access to healthier alternatives:<\/strong> Nutrient-deficient foods and difficulty accessing healthier alternatives compound the problem in Egypt, with some 45.4% of the Egyptian population unable to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f818b92c-1d87-4e6d-87e9-fd513cf949df\">afford a nutrient-adequate diet<\/a> and a whopping 84.8% unable to afford a healthy diet. Most Egyptian diets are high-calorie and contain nutrient-deficient foods, and it can serve as a driving force for obesity in the country.<\/p>\n<p><strong>The less obvious factors at play: <\/strong>A person\u2019s genetic makeup and the abundance of chemicals in our natural environment \u2014 which disrupt normal metabolic processes \u2014 are also at fault. \u201cThe economic costs of overweight and obesity are not attributable to individual behavior but are a consequence of the social and commercial priorities that shape the \u2018obesogenic\u2019 environment now affecting every country in the world,\u201d the World Obesity Federation report says.<\/p>\n<p><strong>There are big savings if we zero in on obesity:<\/strong> Scaling back the increased presence of obesity and overweight by 5% below projected levels could save some USD 430 bn worldwide every year between 2020-2060, the report says. Putting a halt to the rise of obesity outright would trigger annual savings of about USD 2.2 tn every year until 2060.<\/p>\n<p><strong>The policy suggestions are fairly straightforward:<\/strong> Placing restrictions on the marketing of food and drinks to children, taxing sugary beverages, requiring better nutritional labeling, and increased access to safe spaces for physical activity are some of the tools outlined in the report to help curb growing obesity rates. A bolder and perhaps more costly approach would be to integrate obesity treatment into universal health coverage around the world.<\/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\/food-security\/\">food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/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=\"579519\" 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\/03\/579519\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579519\" class=\"content-area-description single-story post-579519 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>20 November (Sunday): House back in session.<\/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>1 December (Thursday): Sphinx International Airport <a href=\"https:\/\/bit.ly\/3UdDqDB\">will begin operating<\/a> international flights.<\/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<p>1Q2023: Internal trade database to <a href=\"https:\/\/hapijournal.com\/?p=212185\">launch<\/a>.<\/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":579503,"template":"","categories":[],"tags":[],"class_list":["post-579502","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2dfca544-57fd-4e77-8ae2-acc269868398","teaser":"","photo_url":"https:\/\/ent.news\/2022\/11\/566.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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