{"id":579528,"date":"2022-11-06T13:17:15","date_gmt":"2022-11-06T13:17:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=579528"},"modified":"2025-12-16T12:03:59","modified_gmt":"2025-12-16T12:03:59","slug":"cop27-brings-a-breakthrough","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/cop27-brings-a-breakthrough\/","title":{"rendered":"COP27 brings a breakthrough"},"content":{"rendered":"<section id=\"579530\" 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=\"579530\">\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\/06\/this-evening-cop-officially-gets-rolling-cira-education-is-out-with-egypts-first-future-flow-issuance\/\">\r\n                            THIS EVENING: COP officially gets rolling + CIRA Education is out with Egypt\u2019s first future flow issuance                        <\/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\/06\/this-evening-cop-officially-gets-rolling-cira-education-is-out-with-egypts-first-future-flow-issuance\/\" 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\/06\/this-evening-cop-officially-gets-rolling-cira-education-is-out-with-egypts-first-future-flow-issuance\/')\">\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\/06\/this-evening-cop-officially-gets-rolling-cira-education-is-out-with-egypts-first-future-flow-issuance\/\">\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: COP officially gets rolling + CIRA Education is out with Egypt\u2019s first future flow issuance&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/this-evening-cop-officially-gets-rolling-cira-education-is-out-with-egypts-first-future-flow-issuance\/\">\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\/06\/this-evening-cop-officially-gets-rolling-cira-education-is-out-with-egypts-first-future-flow-issuance\/&title=THIS EVENING: COP officially gets rolling + CIRA Education is out with Egypt\u2019s first future flow issuance\">\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+COP+officially+gets+rolling+%2B+CIRA+Education+is+out+with+Egypt%E2%80%99s+first+future+flow+issuance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F06%2Fthis-evening-cop-officially-gets-rolling-cira-education-is-out-with-egypts-first-future-flow-issuance%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\/06\/this-evening-cop-officially-gets-rolling-cira-education-is-out-with-egypts-first-future-flow-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579530\" class=\"content-area-description single-story post-579530 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-cira-education tag-debt-watch tag-enterprisepm 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, wonderful people<\/strong>, and welcome to COP27 Day One. It\u2019s one of those rare days when the international and local press converge to focus on the same story, with COP27 leading the conversation everywhere.<\/p>\n<p><strong>BUT FIRST- We wanted to thank our friends at Mashreq Bank, who join us today as a pillar sponsor of EnterprisePM<\/strong> alongside Palm Hills Developments, Etisalat Misr, and CIRA Education. It is through their generous support that we are able to continue to provide your afternoon reads without charge.<\/p>\n<p><strong>THE BIG STORY AT HOME + ABROAD<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>COP27 kicks off \u2014 and we already have some solid progress to report:<\/strong> The start of COP27 in Sharm El Sheikh is leading the conversation both here at home and in the international business press this afternoon. The summit hit the ground running with a \u201cbreakthrough\u201d agreement between international leaders to formally discuss loss and damage as an agenda item, Foreign Minister Sameh Shoukry said at his opening speech, according to <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/pfbid08kfQNo9FadhjW6jFnggLVhwmhBae9WNqQf1dyXkezKVg8spxWtbdEhLH7Bew139Yl?__cft__[0]=AZX6rBy6Hczko0vPw1W0PQjdA0jxbfefDKxCSpbpDJu8bu5dEfodWUt59tjXBR1M8ND_KcjjauF4bDHTH13v5OEq68pePNeboCOLwJDtP5Sx8Uq9eiAZnsoV_x37D9d8WffWjaCOJn1qmjmMCdDL-mUulECF9Doc3ROiJ3_q7I5Rzj70sfMGi0zZCi32el7wgdg&__tn__=%2CO%2CP-R\">a ministry statement<\/a>. The agreement \u201ccreates for the first time an institutionally stable space on the formal agenda of the COP and the Paris Agreement to discuss the pressing issue of funding arrangements needed to deal with existing gaps in responding to loss and damage,\u201d Shoukry said. <a href=\"https:\/\/www.reuters.com\/business\/cop\/cop27-summit-begin-with-plea-discuss-climate-compensation-2022-11-06\/\">Reuters<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-06\/cop27-climate-talks-begin-with-breakthrough-on-loss-and-damage\">Bloomberg<\/a> have the story front-and-center this afternoon, while the <a href=\"https:\/\/www.wsj.com\/articles\/cop27-summit-begins-as-economy-ukraine-war-overshadow-climate-concerns-11667730626?mod=hp_lead_pos7\">Wall Street Journal<\/a> claims the war in Ukraine is taking attention away from COP27.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>CIRA Education closes Egypt\u2019s maiden EGP 800 mn future flow issuance: <\/strong>EGX-listed education provider CIRA Education has closed its maiden EGP 800 mn future flow issuance as part of a larger EGP 2 bn future flow securitized bond program, the company announced in a <a href=\"https:\/\/ent.news\/2022\/11\/CIRA-News-Release-Future-Flow-Securitization-EN-Final-2.pdf\">press release (pdf)<\/a>. The full program will take place over the course of three years.<\/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>Everything you need to know as COP27 kicks off:<\/strong> Today is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93c95ba1-55eb-458c-a718-742546083012\">the first day<\/a> of the two-week UN climate summit and Sharm El Sheikh is glowing green as it welcomes over 40k participants who registered to take part in the event.<\/li>\n<li><strong>Activity in Egypt\u2019s non-oil private sector <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/73e5e94d-9c27-44ed-8a54-c8efb58292a7\">continued to contract<\/a><\/strong><strong> in October<\/strong>, remaining effectively unchanged from the month before as inflation, supply disruptions, and falling demand abroad continued to weigh on businesses.<\/li>\n<li><strong>UAE\u2019s National Paints <\/strong><strong>makes play<\/strong><strong> for Pachin:<\/strong> Dubai-based National Paints Holdings (NPH) has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bd16acf-0bc2-4e41-abb4-98ff04e3cb71\">launched a takeover bid<\/a> for Paint and Chemical Industries.<\/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>The <\/strong><strong><a href=\"https:\/\/alex.technesummit.com\/2022\">Techne Summit<\/a><\/strong><strong> continues at the Bibliotheca Alexandrina today<\/strong>, bringing together entrepreneurs and investors from various sectors in the Mediterranean region. The global multi-industry gathering runs until Tuesday as a hybrid event.<\/p>\n<p><strong>New int\u2019l wheat tender:<\/strong> State grains buyer GASC is seeking an unspecified amount of wheat in an international tender this week, <a href=\"http:\/\/bit.ly\/3T91rLb\">Reuters<\/a> reported. The deadline for offers has been set for Monday, 7 November, it said. Shipping is set for 15-30 December and\/or 1-15 January.<\/p>\n<p><strong>Fifteen global green startups will pitch at COP27 as part of the government\u2019s ClimaTech<\/strong> <strong>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. Finalists 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> last week.<\/p>\n<p><strong>The Knowledge Hub Universities and Nova University Lisbon\u2019s <\/strong><strong><a href=\"https:\/\/tkh.edu.eg\/nova-university-lisbon-inaugurated-its-first-branch-outside-portugal-and-europe-at-the-knowledge-hub-universities\/\">newly inaugurated<\/a><\/strong><strong> Cairo <\/strong><strong>campus will host the <\/strong><strong><a href=\"https:\/\/www.reimagine-education.com\/\">QS Reimagine Education<\/a><\/strong><strong> awards and conference from 6-7 December<\/strong>. The hybrid event will also take place online and at the Wharton School campus in Pennsylvania, and offers awards of up to USD 50k for innovative projects in higher education.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re in for a sunny and pleasant 28\u00b0C daytime high tomorrow and a nighttime low of 17\u00b0C, according to our favorite weather app.<\/p>\n<p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579531\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"579531\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/579531\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579531\" class=\"content-area-description single-story post-579531 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.mashreq.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Web-Mashreq-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579532\" 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=\"579532\">\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\/06\/the-airport-chaos-of-the-summer-of-revenge-in-numbers-veggies-are-taking-a-toll-on-the-environment\/\">\r\n                            The airport chaos of the Summer of Revenge, in numbers + Veggies are taking a toll on the environment                        <\/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\/06\/the-airport-chaos-of-the-summer-of-revenge-in-numbers-veggies-are-taking-a-toll-on-the-environment\/\" 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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At the top of the list: Toronto Pearson International and Montr\u00e9al-Trudeau International Airport, which each saw more than half of their departing flights facing a delay of more than 15 minutes. These airports also saw relatively high flight cancellation rates, but still fared far better than several airports in Asia, including Shanghai Pudong International (38.8%), Nanjing Lukou (15.7%), and Xi'an Xianyang International (14.9%).<\/p>\n<p><strong>Remember: It was a logistically rough time for air travel during the Summer of Revenge:<\/strong> Pent-up tourism demand led global travel rates to jump this summer, coinciding with low staff levels at many major airports that caused them to struggle to keep up with the boom in demand for travel. Thousands of travelers <a href=\"https:\/\/www.euronews.com\/travel\/2022\/09\/17\/lost-luggage-these-are-the-lengths-travellers-went-to-to-get-their-bags-back-this-summer\">reported lost<\/a> or delayed luggage, with data from a Spanish ins. firm <a href=\"https:\/\/www.euronews.com\/travel\/2022\/07\/04\/how-to-keep-your-luggage-safe-as-hundreds-caught-up-in-easter-travel-chaos\">indicating a 30% y-o-y jump<\/a> in lost luggage reports.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Could vegetarians\u2019 dietary habits be damaging the environment?<\/strong> Some vegetables come at a hefty environmental cost due to the large amounts of fertilizers and pesticides needed for their cultivation, according to a <a href=\"https:\/\/coststudyfiles.ucdavis.edu\/uploads\/cs_public\/e4\/13\/e413c195-5ddb-433b-9be8-a48c40b4063b\/2017broccoli-final_5-25-2017.pdf\">study<\/a> from the University of California which looks specifically at broccoli crops. The relative cost of vegetables on the environment also grows higher when considering their perishability, as nearly \u201chalf of the fruits and vegetables grown in the US go to waste,\u201d according to a <a href=\"https:\/\/toogoodtogo.com\/en-us\/movement\/knowledge\/what-food-is-wasted\">report<\/a>.<\/p>\n<p><strong>To conserve our ecosystem, we should ideally plant crops that have both calories and<\/strong><strong> nutrients.<\/strong> Although fruits and nuts also have high pesticide requirements to cultivate, they are good for the environment as farmers can replant them every year without having to till the soil. Nuts like almonds and walnuts offer 6-7 mn calories per acre \u2014 even better than fruits such as apples, oranges and avocado, <a href=\"https:\/\/www.washingtonpost.com\/food\/2022\/11\/01\/plant-foods-climate\/\">The Washington Post<\/a> reports. Although corn and soy are \u201cthe highest-producing cereal grass and plant protein we grow,\u201d whole grains, legumes, tubers like potatoes and sweet potatoes, as well as starchy fruit such as jackfruit and bananas are the ideal sources of food for climate action, according to The Washington Post.<\/p>\n<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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate\/\">Climate<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579534\" 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=\"579534\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/579534\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579534\" class=\"content-area-description single-story post-579534 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=\"579535\" 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=\"579535\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/netflix-and-chill-the-environment-with-this-climate-change-documentary\/\">\r\n                            Netflix and chill the environment with this climate change documentary                        <\/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\/06\/netflix-and-chill-the-environment-with-this-climate-change-documentary\/\" 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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Woody Harrelson narrates the film, which includes interviews with scientists, farmers, community activists, and celebrities like supermodel Gisele B\u00fcndchen and singer Jason Mraz. Harrelson provides compelling arguments for using \u201cregenerative agriculture\u201d practices and shows how they could make the planet healthier, replenish our food supplies, and aid in the fight against global warming \u2014 all while helping the economy in big ways. In the. Ultimately, this is a thoughtful documentary that offers a dash of relief amid the doom and gloom of climate-related information (<a href=\"https:\/\/youtu.be\/K3-V1j-zMZw\">watch trailer, runtime 2:29<\/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=\"579541\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 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stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-7k6yar2-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" 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256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579542\" 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=\"579542\">\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\/06\/what-the-markets-are-doing-on-6-november-2022\/\">\r\n                            What the markets are doing on 6 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\/06\/what-the-markets-are-doing-on-6-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 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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 fell 0.7% at today\u2019s close<\/strong> on turnover of EGP 702.6 mn (35% below the 90-day average). Local investors were net sellers. The index is down 6.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>GB Auto (+5.5%), Sidi Kerir Petrochemicals (+1.9%) and Rameda Pharma (+1.1%).<\/p>\n<p><strong>In the red: <\/strong>QNB Al Ahly (-6.1%), Egypt Kuwait Holding-EGP (-4.2%) and Ezz Steel (-3.0%).<\/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=\"579543\" 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=\"579543\">\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\">STARTUPS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/what-startupland-is-hoping-to-get-out-of-cop27\/\">\r\n                            What StartupLand is hoping to get out of COP27                        <\/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\/06\/what-startupland-is-hoping-to-get-out-of-cop27\/\" 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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It aims to turn climate pledges into action, despite geopolitical tensions that could derail commitments. For StartupLand, many of the same overarching themes \u2014 including accessible climate financing, a conversation about loss and damage, and focusing on developing nations \u2014 are filtering through to their list of priorities. Enterprise spoke with several startups and investors about what they hope to see from the annual climate-focused event, what it would take for them to deem it successful, and what they hope to achieve from taking part.<\/p>\n<p><strong>Emerging markets should be a priority:<\/strong> Encouraging more global capital investments in climate innovations in EMs rather than more developed nations should be a central focus, electric mobility startup <a href=\"https:\/\/www.shift-ev.com\/\">Shift EV<\/a> CEO and co-founder Aly Eltayeb believes. \u201cIt doesn\u2019t make sense to overinvest in reducing emissions at a very expensive cost In Norway for example. There are gigatonnes of CO2 that can be eliminated in emerging markets at a fraction of the price,\u201d he told Enterprise.<\/p>\n<p><strong>And there\u2019s an eye on the criteria for MENA investments:<\/strong> Plastic upcycling brand <a href=\"https:\/\/up-fuse.com\/\">Up-Fuse<\/a> cofounder Yara Yassin would like to see what\u2019s in the bag for MENA in regards to sustainable environmental precautions and steps. \u201cI want to learn more about the opportunities [investors] are bringing for startups and businesses that support sustainable living in general,\u201d she said. Yassin is looking to better understand the criteria in which social enterprise investors decide on which companies to invest in.<\/p>\n<p><strong>Global climate investors need to take notes<\/strong>, Eltayeb said, stressing the necessity that investors \u201clook beyond their Norwegian-Californian-German markets to the rest of the world.\u201d \u201cThis is a historic moment, you have climate as a way to spur innovation globally and to achieve a lot of the developmental goals that could only happen with capital flowing around the world,\u201d he said.<\/p>\n<p><strong>Difficult global conditions, but:<\/strong> COP27 could be a great chance for different nations to work together towards a shared goal and push with the goals of the Paris Agreement without being distracted by some of the disagreements that have cropped up, Eltayeb said.<\/p>\n<p><strong>Making headway on putting a monetary value on climate protection would be considered a successful outcome<\/strong>, the founders of the Climate Resilience Fund (CSF) say. \u201cAny actionable progress on defining a monetary value attributable to climate protection initiatives is a win, because it unlocks private capital and delivers impact at scale,\u201d the fund\u2019s Hossam Allam, who is also a founder of Cairo Angels, told Enterprise.<\/p>\n<p><strong>CSF hopes to see \u201cactionable progress on a common accounting system for the value of nature,\u201d<\/strong> Sherief Kesseba, one of the CSF\u2019s partners told Enterprise, pointing at a marketplace that motivates parties to restore habitat. He hopes the summit leads to recognizing African agriculture as a \u201cpotential game changer for carbon capture and biodiversity\u201d and bringing in reforms of the carbon marketplace where credits substitute subsidies. \u201cSo that farmers globally are incentivized to invest in regenerating land rather than degenerating it,\u201d he said.<\/p>\n<p><strong>The newly-established CSF has<\/strong><strong><a href=\"https:\/\/waya.media\/climate-resilience-fund-launches-to-invest-in-agritech-and-nature-positive-mena-ventures\/\">been making news<\/a><\/strong><strong> on the climate front before COP27<\/strong> after it announced in September that it plans to raise USD 25 mn gathered from investors within two years of its launch. Some 50% of the yet-to-be-raised funds will go into Egypt, while the rest will be earmarked for pan-African solutions and startups. These startups should provide sustainable agriculture and \u201cnature-positive\u201d solutions to the climate crisis.<\/p>\n<p><strong>Others are looking at the conference as a chance to exchange expertise<\/strong> and showcase their projects. Waste management company <a href=\"https:\/\/www.tagaddod.com\/\">Tagaddod<\/a>CEO and co-founder Nour El Assal (<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eaeee416-55d9-42e1-b45d-cbc962d841d2\">My Morning Routine<\/a>) wants to share the model that his startup is building in Egypt and build on future corrections. He hopes to exchange experience, understand more about what people are doing in other markets and \u201cunderstand the status of the world towards moving to a greener climate.\u201d El Assal sees the summit as a chance for attendees to see what other countries and businesses are doing, noting that many successful green initiatives have emerged from large-scale conferences and expos.<\/p>\n<p><strong>Up-Fuse wants to meet people from international organizations<\/strong> that would be interested in implementing a similar model, Yassin tells us. For her, a key goal is to meet policy makers during the conference, and organizations that would be interested in incubating ideas and projects similar to what is offered by her startup, including the International Organization for Migration, the UN Human Rights Commission, and others.<\/p>\n<p><strong>These startups are also looking for some exposure for their business at the summit:<\/strong> Shift EV, Tagaddod, and Up-Fuse will all be present at the Green Zone. Shift EV is powering some of the summit\u2019s logistics with their electrofitted vehicles, El Tayeb tells us. \u201cWe\u2019re proud to provide vehicles to move goods around the conference that are zero carbon,\u201d he said, with the startup having a booth in the Egyptian pavilion in the Green Zone. Shift EV will participate in several panels and events throughout the summit as well, he said. Up-Fuse will also share a booth with the Egyptian Clothing Bank (ECA) in the Green Zone, Yassin said. She\u2019ll also be a speaker in several events in the summit\u2019s Green and Blue Zones.<\/p>\n<p><strong>The hot-button issue of <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/00f89727-ac24-4f8e-b655-c0da142b5489\">loss and damage<\/a><\/strong><strong> that Egypt is trying to press during the conference also got some attention.<\/strong> Egypt wants to prioritize the conversation on compensation for countries that have experienced major economic losses on the back of climate change and its consequences. \u201cThis is an understandable and even [a] fair ask, but we don\u2019t believe it will materialize as direct compensation. Rather it may come in the form of grants for projects that support the climate, especially from the perspective of rebalancing atmospheric carbon or rehabilitating nature,\u201d Allam 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\/climate\/\">Climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-resilience-fund\/\">Climate Resilience Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shift-ev\/\">Shift EV<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/up-fuse\/\">Up-Fuse<\/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=\"579545\" 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\/06\/579545\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579545\" class=\"content-area-description single-story post-579545 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>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 (Saturday-Tuesday): <a href=\"https:\/\/alex.technesummit.com\/2022\">Techne Summit<\/a>, Bibliotheca Alexandrina, 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>10-13 November (Thursday-Sunday): <a href=\"https:\/\/www.instagram.com\/tv\/Ckdf_FGrolw\/?igshid=MDJmNzVkMjY%3D\">Asian Tour \u2014 International Series Egypt<\/a>, Madinaty, Egypt.<\/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>1 December (Thursday): Contractors to <a href=\"https:\/\/www.youm7.com\/5964288\">break ground<\/a> on Egypt-Saudi interconnection project.<\/p>\n<p>3 December (Saturday): Dior Men\u2019s pre-fall collection show in Giza.<\/p>\n<p>5-8 December (Monday-Thursday): QS <a href=\"https:\/\/www.reimagine-education.com\/agenda\/\">Reimagine Education Awards and Conference<\/a>, multiple locations.<\/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>1 April (Saturday): Deadline for banks to establish sustainability unit.<\/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":579529,"template":"","categories":[],"tags":[],"class_list":["post-579528","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0c3001d3-da7f-4956-bb49-7d6db885ab0b","teaser":"","photo_url":"https:\/\/ent.news\/2022\/11\/589.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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