{"id":579579,"date":"2022-11-08T13:21:29","date_gmt":"2022-11-08T13:21:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=579579"},"modified":"2025-12-16T12:05:16","modified_gmt":"2025-12-16T12:05:16","slug":"green-as-far-as-the-eye-can-see","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/green-as-far-as-the-eye-can-see\/","title":{"rendered":"Green as far as the eye can see"},"content":{"rendered":"<section id=\"579581\" 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=\"579581\">\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\/08\/this-evening-a-new-10-gw-wind-farm-scatec-oc-fertiglobe-launch-100-mw-green-hydrogen-plant-at-cop\/\">\r\n                            THIS EVENING: A new 10 GW wind farm + Scatec, OC, Fertiglobe launch 100 MW green hydrogen plant at COP                        <\/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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class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, wonderful people.<\/strong> It\u2019s hump day, and with COP27 well in the swing of things, it is most definitely a news dump day.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>There\u2019s a whole lot of renewable and green energy news coming out of COP27:<\/strong><\/p>\n<ul>\n<li><strong>Another 10 GW wind farm:<\/strong> The UAE\u2019s <a href=\"https:\/\/masdar.ae\/\">Masdar<\/a>, along with Infinity Power \u2014 its <a href=\"https:\/\/www.weareiph.com\/\">JV<\/a> with local renewables player Infinity \u2014 and Hassan Allam Utilities, signed an agreement on COP\u2019s sidelines to build a 10 GW wind farm in Egypt, set to be one of the largest in the world, UAE state news agency <a href=\"http:\/\/wam.ae\/en\/details\/1395303099449\">WAM<\/a> reported.<\/li>\n<li><strong>Scatec-OC-Fertiglobe plant launched:<\/strong> Norway\u2019s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe and Orascom Construction began commissioning today their <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b3e6cad-637c-4ca8-afe6-94472fcc12d4\">100 MW green hydrogen plant<\/a> in Ain Sokhna, which is set to be <a href=\"https:\/\/www.rechargenews.com\/energy-transition\/worlds-largest-green-hydrogen-project-with-100mw-electrolyser-set-to-be-built-in-egypt\/2-1-1104709\">the world\u2019s largest<\/a>, according to <a href=\"https:\/\/ent.news\/2022\/11\/Fertiglobe-Scatec-Orascom-Construction-and-The-Sovereign-Fund-of-Egypt-start-commissioning-of-Egypt-Green-Africas-first-integrated-green-hydrogen-plant-during-UN-Climate-summit-1.pdf\">a statement (pdf)<\/a>.<\/li>\n<li><strong>Waste-to-hydrogen feedstock:<\/strong> H2 Industries <a href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/cop-27-h2-industries-and-green-planet-sign-landmark-waste-to-hydrogen-feedstock-deal-kqiibcsy\">signed an MoU<\/a> with Egyptian waste management company Green Planet for Sustainable Environmental Solutions to provide waste for H2\u2019s planned USD 3 bn waste-to-hydrogen plant in East Port Said.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>It\u2019s another afternoon of the US midterm elections and COP27 battling it out for coverage<\/strong><strong> in the international business press<\/strong>, although the elections are currently getting more prominence, with the story on the front pages of the <a href=\"https:\/\/www.ft.com\/content\/8bff8d07-ab26-416b-93ad-cc64f0fccaab\">Financial Times<\/a>, the <a href=\"https:\/\/www.wsj.com\/livecoverage\/election-midterms-2022\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/us\/control-congress-bidens-power-ballot-us-midterms-2022-11-08\/\">Reuters<\/a>, and <a href=\"https:\/\/www.cnbc.com\/2022\/11\/08\/midterm-elections-2022-live-updates.html\">CNBC<\/a>. The one outlier: <a href=\"https:\/\/www.cnbc.com\/2022\/11\/08\/midterm-elections-2022-live-updates.html\">Bloomberg<\/a>, where the top story is Kuwait\u2019s target to make its oil and gas operations carbon-neutral by 2050.<\/p>\n<p><strong>HAPPENING NOW- National statements from heads of state are currently ongoing at<\/strong><strong> COP27<\/strong>, at the same time as closed meetings between different groups and observer organizations. You can check out the day\u2019s <a href=\"https:\/\/ent.news\/2022\/11\/Daily_Programme_Sharm-el-Sheikh2022-OD-20221107-en.pdf\">agenda here (pdf)<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>The Enterprise Climate X Forum, our first industry-specific conference, is taking place on <\/strong><strong>Tuesday, 6 December. <\/strong>It\u2019s a C-suite event for CEOs and top execs, investors, bankers and development finance folks.<\/p>\n<p>In panels, live interviews and networking sessions, <strong>the Enterprise Climate X Forum will give insiders and newcomers alike the chance to talk about how to build a climate-centered business <\/strong>\u2014 and how to make sure your business continues to have access to the funds it needs to grow. Expect it to be <strong>heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories.<\/strong><\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you? <\/strong>The Enterprise Climate X Forum is taking place with the generous support of our friends, including:<\/p>\n<ul>\n<li><strong>Banking partners: <\/strong>HSBC | Mashreq | Attijariwafa Bank<\/li>\n<li><strong>Telecom partner:<\/strong> Etisalat by e&<\/li>\n<li><strong>Event partners:<\/strong> Hassan Allam Utilities | Infinity<\/li>\n<\/ul>\n<p><strong>DO YOU WANT TO ATTEND? The first wave of invites is going out today. <\/strong>If you\u2019re a C-suite exec, business owner, climate professional, DFI staff, investor or banker, please email us at <a href=\"mailto:climatexrsvp@enterprisemea.com\">climatexrsvp@enterprisemea.com<\/a> to signal your interest, letting us know your name, title and where you work.<\/p>\n<p><strong>You\u2019re going to love the venue when we unveil it next week.<\/strong><\/p>\n<p><strong>Want to reach our audience? <\/strong>Ping a note to Moustafa Taalab, our head of commercial, <a href=\"mailto:mtaalab@inktankir.com\">here<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>COP27 got underway yesterday, with more pressing calls to action to prevent \u201cclimate catastrophe\u201d:<\/strong> World leaders <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec0b3b8c-0bab-42a8-bdba-99d0c7d4e79a\">struck a serious<\/a> and somber note with warnings of \u201cirreversible\u201d climate chaos and calls for cooperation and shared responsibility on the first day of the COP27 leaders\u2019 summit yesterday.<\/li>\n<li><strong>Bidayat invests in Azza Fahmy Jewelry:<\/strong> Mediterranean-focused investment fund <a href=\"https:\/\/bidayat.com\/\">Bidayat<\/a> has acquired an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03b97c3e-5c66-4f30-b023-4c0b142ab125\">undisclosed minority stake<\/a> in artisanal jewelry company Azza Fahmy.<\/li>\n<li><strong>More Gulf M&A:<\/strong> Separate firms in Saudi Arabia and Abu Dhabi look like they <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e00ca2f4-29f5-4553-bfe1-5ddf96cf7380\">could enter a<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e00ca2f4-29f5-4553-bfe1-5ddf96cf7380\">bidding war<\/a> for a Maridive Oil and Service subsidiary, and Gulf investors including sovereign wealth funds have upped their minority stakes in EGX-listed education outfit CIRA Education.<\/li>\n<\/ul>\n<p><strong>ALSO- <\/strong><strong>Enterprise Climate launched our <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d34e43ce-ec5e-4c25-a11f-0a9d80d7bebe\">Climate CEO Poll<\/a><\/strong><strong> this morning. Today\u2019s guest: Mohamed <\/strong><strong>Saad<\/strong>, regional chief of <strong>Signify<\/strong>. We\u2019ll be running C-suite interviews on climate throughout COP27 (and probably for a few days beyond) in both Enterprise Climate and EnterpriseAM.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>The Finance Ministry is hosting \u201c<\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid029A7ytdAhcMYQsLo8xQ6Ne5FuvWWDty9yYj66v4LMifKZ611tqzps8jkcw4P7fLMhl\">Finance Day<\/a><\/strong><strong>\u201d at COP27<\/strong> with the finance ministers of several countries, with an eye to reaching facilitated and sustainable climate finance agreements for developing and African countries.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Global golf is coming to Egypt:<\/strong> The Asian Tour\u2019s International Series is making a stop in Egypt this Thursday, 10 November, through Sunday, 13 November. The first International Series Egypt will take place at Madinaty Golf Club, with a generous purse of USD 1.5 mn on offer.<\/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>Temperatures in Cairo will hit 25\u00b0C tomorrow during the day before falling to 16\u00b0C at night, our favorite weather app tells us.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-midterm-elections\/\">US midterm elections<\/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=\"579582\" 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=\"579582\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/579582\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579582\" class=\"content-area-description single-story post-579582 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 data-recalc-dims=\"1\" decoding=\"async\" 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=\"579583\" 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=\"579583\">\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\/08\/twitter-has-seen-some-rough-days-but-musks-takeover-boosted-user-figures-make-your-doggo-live-longer\/\">\r\n                            Twitter has seen some rough days, but Musk\u2019s takeover boosted user figures + Make your doggo live longer                        <\/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\/08\/twitter-has-seen-some-rough-days-but-musks-takeover-boosted-user-figures-make-your-doggo-live-longer\/\" 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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Since Elon Musk\u2019s takeover of the platform, prominent names decided to deactivate their accounts, including actress (and Musk\u2019s ex-girlfriend) <a href=\"https:\/\/edition.cnn.com\/2022\/11\/04\/entertainment\/amber-heard-twitter\/index.html\">Amber Heard<\/a> and model <a href=\"https:\/\/www.businessinsider.com\/gigi-hadid-quit-twitter-elon-musk-takeover-2022-11\">Gigi Hadid<\/a>, who said that the platform is becoming \u201cmore and more of a cesspool of hate and bigotry.\u201d Musk is using the platform like his own personal playground, suspending comics<a href=\"https:\/\/www.vulture.com\/2022\/11\/kathy-griffin-twitter-banned-for-impersonating-elon-musk.html\">Kathy Griffin<\/a> and <a href=\"https:\/\/www.dexerto.com\/entertainment\/ethan-klein-banned-on-twitter-after-mocking-elon-musk-over-verification-fiasco-1977994\/\">Ethan Klein<\/a> from Twitter for impersonating him, despite the latter following Musk\u2019s newly-introduced rules for parody accounts. Musk closed his USD 44 bn acquisition of Twitter <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a24e0122-fc30-49bf-8663-41298d621ddc\">last week<\/a>, and has done his fair share of damage since then, including introducing a USD 8 fee for the blue checkmark granted to verified accounts and pushing through <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffd34941-427d-4442-9e4f-221ed30d7370\">mass layoffs<\/a>. At the same time, he\u2019s trying to bring back big advertisers, General Motors, Volkswagen and United Airlines, who ended their partnership with the social media platform over fear that Musk\u2019s freedom of speech beliefs would weaken content moderation.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Good news for dog lovers: Your pet may have a chance to live longer with a new drug:<\/strong> Dog longevity company <a href=\"https:\/\/loyalfordogs.com\/about\/\">Loyal<\/a> is currently testing two medications that work on extending the lifespan of dogs while preserving their health and ensuring they can still be active <a href=\"https:\/\/www.wired.com\/story\/the-search-for-a-pill-for-dog-and-human-longevity\/\">Wired<\/a> reports. CEO <a href=\"https:\/\/www.celinehh.com\/about\">Celine Halioua<\/a> raised USD 58 mn to fund her research, which she argues can also be adopted by humans as \u201cthe lifespan and lifestyle of a pet dog are more human like, and they live shorter lives meaning it won\u2019t take decades to know whether a pill boosts longevity,\u201d according to Wired.<\/p>\n<p><strong>Although 90% of clinical trials of new meds fail, there are high hopes for this one to work<\/strong>, as previous studies already confirmed success of doubling the lives of worms, flies and mice \u2014 although regulators including the US Food and Drug Administration are not on board with the idea of identifying aging as a medical problem, Wired reported. Trials for studies on longevity began even before Halioua was born. <a href=\"https:\/\/www.linkedin.com\/in\/cynthia-kenyon-89b84729\/\">Cynthia Kenyon<\/a>, a UC San Francisco molecular biologist, performed a <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC5526670\/\">study<\/a> that helped spark a new discipline to unraveling and controlling the biological mechanisms of aging.<\/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\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/science\/\">science<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579585\" 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=\"579585\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/579585\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579585\" class=\"content-area-description single-story post-579585 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/palmhillsdevelopments.com\/OurDevelopments\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\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=\"579586\" 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=\"579586\">\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\/08\/the-rise-and-fall-of-carlos-ghosn\/\">\r\n                            The rise and fall of Carlos Ghosn                        <\/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\/08\/the-rise-and-fall-of-carlos-ghosn\/\" 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\/08\/the-rise-and-fall-of-carlos-ghosn\/')\">\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\/08\/the-rise-and-fall-of-carlos-ghosn\/\">\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=The rise and fall of Carlos Ghosn&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/the-rise-and-fall-of-carlos-ghosn\/\">\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\/08\/the-rise-and-fall-of-carlos-ghosn\/&title=The rise and fall of Carlos Ghosn\">\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=The+rise+and+fall+of+Carlos+Ghosn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F08%2Fthe-rise-and-fall-of-carlos-ghosn%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\/08\/the-rise-and-fall-of-carlos-ghosn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/610.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"579587\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/the-rise-and-fall-of-carlos-ghosn\/610-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/610.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"610.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/610.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/610.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579586\" class=\"content-area-description single-story post-579586 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-06\"><\/a> <strong>How Carlos Ghosn went from the top of the world to Interpol\u2019s most-wanted list:<\/strong> In <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81227167\">Fugitive: The Curious Case of Carlos Ghosn<\/a>, which is currently available on Netflix, we get a brisk glimpse at the celebrity CEO who is credited for saving both Renault and Nissan from the brink of bankruptcy, before eventually <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ca30fa5e-2ab9-4053-ae05-d46a35cd6605\">being smuggled out of Japan in a box<\/a>. The Lebanese mogul rose to fame as a corporate titan in France, Japan, and many other countries, and then was arrested in Japan for allegedly using the company\u2019s money for his personal use and under-reporting his income. It\u2019s an intriguing documentary, but mostly because Ghosn\u2019s story is fascinating. The documentary had all the necessary elements, but ultimately didn\u2019t really add anything new to the conversation. We would have been interested to learn more details regarding Ghosn\u2019s early life, the allegations, or the grand escape (<a href=\"https:\/\/youtu.be\/X0-T0FjTwbU\">watch trailer, runtime 2:08<\/a>).<\/p>\n<p><strong>Finish that, then watch Ghosn\u2019s new tell-all interview:<\/strong> To round up your viewing experience, check out the recent episode of the Lebanese podcast <a href=\"https:\/\/sarde.podbean.com\/\">Sarde After Dinner<\/a>, in which they interviewed their fellow native, who accuses Japan of corruption (<a href=\"https:\/\/www.youtube.com\/watch?v=KFzNzKH8DtY\">watch, runtime 1:42:51<\/a>). The country has a staggering 99% conviction record, yet because of its complex pre-trial procedures, only 37% of all cases reach trial.<\/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=\"579592\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, 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class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/mashreq.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27486.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-fi9raz3\" data-v=\"4\" data-block-id=\"fi9raz3\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-fi9raz3-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-fi9raz3-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" 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class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" 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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=\"579593\" 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=\"579593\">\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\/08\/what-the-markets-are-doing-on-8-november-2022\/\">\r\n                            What the markets are doing on 8 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\/08\/what-the-markets-are-doing-on-8-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\/08\/what-the-markets-are-doing-on-8-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\/08\/what-the-markets-are-doing-on-8-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 8 November, 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/what-the-markets-are-doing-on-8-november-2022\/\">\n                    X                    <!-- <img decoding=\"async\" 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Local investors were net buyers. The index is down 5.7% YTD.<\/p>\n<p><strong>In the green: <\/strong>Cleopatra Hospitals (+1.5%), Housing and Development Bank (+1.1%) and EFG Hermes (+0.8%).<\/p>\n<p><strong>In the red: <\/strong>Alexandria Containers and Cargo Handling (-4.5%), e-Finance (-3.0%) and GB Auto (-2.5%).<\/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=\"579594\" 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=\"579594\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Founder of the Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/meet-our-founder-of-the-week-hussein-hosny-co-founder-and-ceo-of-carzami\/\">\r\n                            Meet our founder of the week: Hussein Hosny, co-founder and CEO of Carzami                        <\/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\/08\/meet-our-founder-of-the-week-hussein-hosny-co-founder-and-ceo-of-carzami\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is Hussein Hosny (<a href=\"https:\/\/www.linkedin.com\/in\/hussein-hosny-24a097193\">LinkedIn<\/a>), founder and CEO of online used-car retailer <a href=\"https:\/\/carzami.com\">Carzami<\/a>.<\/p>\n<p><strong>My name is Hussein Hosny and I\u2019m the co-founder and CEO of Carzami<\/strong>. I graduated in 2018 with a bachelor\u2019s degree in economics and immediately joined my brother, Adham, in a startup. Adham and I have been co-founders and partners in all of the companies we\u2019ve founded since then, the most recent of which was Carzami.<\/p>\n<p><strong>I\u2019ve always been super passionate about cars.<\/strong> I started my career with a startup called Sa3ar, which was a pricing engine for used cars. We observed substantial disparities in the pricing of used cars in the market, so we leaped at the chance to build a pricing engine, which proved to be a huge success.<\/p>\n<p><strong>A year later, we launched Sa3ar Partners, a dealer auction platform that provided a solution to consumers looking to sell their cars.<\/strong> The consumer would list the vehicle, and we would display it for dealers on our auction platform. It was also a success and was fully acquired by <a href=\"https:\/\/www.contactcars.com\/ar\">Contactcars.com<\/a>, one of <a href=\"https:\/\/contact.eg\">Contact Financial Holding\u2019s<\/a> companies. Following that, we launched Carzami, which had been our goal since the beginning.<\/p>\n<p><strong>Carzami is an online retailer for used cars and retail financing:<\/strong> We started Carzami with Contact Financial Holding as a partner. It\u2019s an innovative model for buying and selling cars online with digital leadership. All our cars are fully inspected, with a seven-day money back and warranty. Our biggest priorities are transparency when it comes to pricing and the cars\u2019 conditions and overall customer experience. If you want to sell your car, you set up an appointment, we send an inspector, and if everything checks out, we buy the car and you receive the full amount right away. We also provide financing and ins. solutions through Contact Financial Holding.<\/p>\n<p><strong>My family was the primary reason I decided to enter the start-up business immediately after university.<\/strong> Dealing with business has long been a family tradition. You could even say that it is inherited. Adham and I were always motivated, especially because our parents constantly encouraged and supported us in everything we chose to do. As brothers, we\u2019ve always wanted to get into the auto industry.<\/p>\n<p><strong>We entered the automotive sector specifically because we are passionate about cars more than anything else. <\/strong>My father is a car enthusiast, which he also passed along to us. There is a lot of room for improvement in the sector, so we thought we were well suited to tap into the market and its huge potential.<\/p>\n<p><strong>I gave up a lot of things in the process of launching Carzami.<\/strong> You could say I gave up nearly everything related to my social life. But, in my opinion, this is what it takes to start your own business. You\u2019ll need to put in 14 hours per day of pure work and prioritize it over everything else in your life, including socializing and daily hobbies. But I\u2019m quite pleased with the result, and I feel that, while it may be difficult, making these sacrifices will be worth it in the end.<\/p>\n<p><strong>The best part about my job is the cars. <\/strong>The fact that I wake up everyday and work in the automotive industry makes me very happy. Also, realizing the positive energy we are bringing into the industry just fuels me with motivation every day.<\/p>\n<p><strong>The worst aspect of my job is that I am constantly stressed out.<\/strong> Some clients believe that the price we offer is too low because they come to us with a benchmark price that they want to sell at \u2014 based on prices on classified websites \u2014 which are typically quite expensive and do not reflect the car\u2019s value. Therefore, it can be difficult to persuade the sellers that the market value we are proposing for the car is a fair one.<\/p>\n<p><strong>When Adham and I are unable to solve a problem<\/strong>, we turn to my father, who has extensive knowledge in the sector despite never having worked in it. Also, <a href=\"https:\/\/www.linkedin.com\/in\/hazemmoussa\/?originalSubdomain=eg\">Hazem Moussa<\/a>, chairman of Contact Financial Holding, has been an unending source of help for us, and 90% of the challenges we experience are brought to him to find a solution.<\/p>\n<p><strong>Starting your own business is not a lonely journey.<\/strong> It depends on the team but at Carzami we all work together, and there is no such thing as a lone worker.<\/p>\n<p><strong>Our short term goal for Carzami <\/strong>is to start expanding to other countries in the MENA region while in the long-term we want it to become the leading platform for buying and selling used cars not only in Egypt, but in the MENA region. Everything we're doing is geared towards this objective.<\/p>\n<p><strong>I hardly ever have any down time<\/strong>, but when I do, I like to spend it playing golf and hanging out with my family and friends.<\/p>\n<p><strong>I find <\/strong><strong>Carvana<\/strong><strong> to be very inspiring.<\/strong> They have a similar business model to Carzami, so I usually turn to them for inspiration. I am also a fan of their founder and CEO, <a href=\"https:\/\/www.linkedin.com\/in\/ernie-garcia-8122a421\/\">Ernie Garcia<\/a>, who\u2019s had a remarkable journey in founding his company.<\/p>\n<p><strong>I believe that the startup scene is rapidly improving.<\/strong> There is an influx of ideas, and they are doing everything they can to better the industry in any manner conceivable \u2014 beginning with fintech and moving on to concepts that are unrelated to technology. It makes me very happy to see that younger generations are pushing to perform better and bring fresh ideas to the market.<\/p>\n<p><strong>The one piece of advice I would give to someone starting their own business is to not be afraid and to take the risk.<\/strong> Put all your time and effort into your work, and know that it will all be worth it in the end.<\/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\/carzami\/\">Carzami<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/founder-of-the-week\/\">FOUNDER OF THE WEEK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hussein-hosny\/\">Hussein Hosny<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579596\" 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\/08\/579596\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579596\" class=\"content-area-description single-story post-579596 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>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>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":579580,"template":"","categories":[],"tags":[],"class_list":["post-579579","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0082dc39-087e-4d9d-9b8f-557fe40d67cb","teaser":"","photo_url":"https:\/\/ent.news\/2022\/11\/607.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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