{"id":579680,"date":"2022-11-14T13:42:11","date_gmt":"2022-11-14T13:42:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=579680"},"modified":"2025-12-16T12:07:46","modified_gmt":"2025-12-16T12:07:46","slug":"bye-twitter-blue","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/bye-twitter-blue\/","title":{"rendered":"Bye, Twitter Blue"},"content":{"rendered":"<section id=\"579682\" 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=\"579682\">\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\/14\/this-evening-cabinet-issues-rules-and-regs-for-expat-car-import-scheme-climate-x-is-happening-at-the-gem\/\">\r\n                            THIS EVENING: Cabinet issues rules and regs for expat car import scheme + Climate X is happening at the GEM                        <\/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\/14\/this-evening-cabinet-issues-rules-and-regs-for-expat-car-import-scheme-climate-x-is-happening-at-the-gem\/\" 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\/14\/this-evening-cabinet-issues-rules-and-regs-for-expat-car-import-scheme-climate-x-is-happening-at-the-gem\/')\">\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\/14\/this-evening-cabinet-issues-rules-and-regs-for-expat-car-import-scheme-climate-x-is-happening-at-the-gem\/\">\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: Cabinet issues rules and regs for expat car import scheme + Climate X is happening at the GEM&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/this-evening-cabinet-issues-rules-and-regs-for-expat-car-import-scheme-climate-x-is-happening-at-the-gem\/\">\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\/14\/this-evening-cabinet-issues-rules-and-regs-for-expat-car-import-scheme-climate-x-is-happening-at-the-gem\/&title=THIS EVENING: Cabinet issues rules and regs for expat car import scheme + Climate X is happening at the GEM\">\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+Cabinet+issues+rules+and+regs+for+expat+car+import+scheme+%2B+Climate+X+is+happening+at+the+GEM+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F14%2Fthis-evening-cabinet-issues-rules-and-regs-for-expat-car-import-scheme-climate-x-is-happening-at-the-gem%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\/14\/this-evening-cabinet-issues-rules-and-regs-for-expat-car-import-scheme-climate-x-is-happening-at-the-gem\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579682\" class=\"content-area-description single-story post-579682 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-automotive tag-enterprisepm tag-expat-car-import-scheme 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> We have a relatively calm day on the local news front, after COP27 took a mandatory day off yesterday.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Cabinet is out with the rules and regulations for the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5cadb00-f078-4c70-8667-8d5fc50ad151\">expat car import scheme<\/a><\/strong><strong>:<\/strong> The cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02N48HPa64YiNxEtEQjnPJsSXgKrpQkFrt3FXDLxLzHtNb6n292Y8KvhqwGodvSRbKl\">has published<\/a> a detailed list of the rules, regulations and criteria for Egyptian expats looking to import new cars and get a rebate in exchange for upfront FX. The criteria details the taxes and fees that expats must pay \u2014 customs fees, VAT, schedule tax, and development fees \u2014 and where to pay them. The rules also clarify that expats need only carry a residency permit abroad or a non-Egyptian passport to become eligible, though they must have a valid bank account in the country of residence that has been open for at least three months.<\/p>\n<p class='web-image' ><a href='https:\/\/climatexforum.enterprise.press\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Venue-reveal-1600-Eng.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><strong> Our <\/strong><strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html\">Enterprise Climate X Forum<\/a><\/strong><strong> is happening at the brand new Grand <\/strong><strong>Egyptian Museum:<\/strong> We\u2019re happy to announce that the Enterprise Climate X Forum is taking place at the Grand Egyptian Museum on Tuesday, 6 December 2022. We can think of no better place to discuss the world\u2019s most important industry than in a world-class museum that stands as a testament to our nation\u2019s ability to persevere (and innovate) for seven millennia.<\/p>\n<p><strong>What\u2019s the Enterprise Climate X Forum? <\/strong>It\u2019s our first industry-specific conference, where CEOs, top execs, investors, bankers and development finance folks have the chance to talk about how to build a climate-centered business \u2014 and how to make sure your business continues to have access to the funds it needs to grow. <a href=\"https:\/\/climatexforum.enterprise.press\/index.html\">You can learn more on our conference website here.<\/a><\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you? <\/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>Who\u2019s on board?<\/strong> The Enterprise Climate X Forum is taking place with the generous support of our friends, including:<\/p>\n<ul>\n<li>Banking partners: <strong>HSBC<\/strong> | <strong>Mashreq<\/strong> | <strong>Attijariwafa Bank<\/strong><\/li>\n<li>Telecom partner: <strong>Etisalat by e&<\/strong><\/li>\n<li>Event partners: <strong>Hassan Allam Utilities<\/strong> | <strong>Infinity<\/strong><\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>US President Joe Biden and Chinese President Xi Jinping\u2019s meeting in Bali is leading the<\/strong><strong> conversation<\/strong> in the international business press this afternoon. The two heads of state signaled their intention to reset \u2014 or at least improve \u2014 relations between Washington and Beijing, with Xi saying, \u201cwe need to find the right direction for the bilateral relationship going forward and elevate the relationship.\u201d The story is on the front pages of <a href=\"https:\/\/www.reuters.com\/world\/ahead-tense-g20-summit-biden-xi-meet-talks-2022-11-14\/\">Reuters<\/a>, <a href=\"https:\/\/www.cnbc.com\/2022\/11\/14\/biden-and-xi-meet-in-person-for-the-first-time.html\">CNBC<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/biden-xi-meet-as-countries-move-toward-reopening-communication-11668420685?mod=hp_lead_pos2\">Wall Street Journal<\/a>, the <a href=\"https:\/\/www.ft.com\/content\/c94ff50c-b3cf-4f94-a76a-c521d7c9063c\">Financial Times<\/a>, and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-14\/biden-looks-to-set-guardrails-on-us-china-ties-in-xi-meeting?srnd=premium-middle-east\">Bloomberg<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>ALSO- Amazon\u2019s Jeff Bezos plans to give away the majority of his USD 124 bn wealth<\/strong><strong> during his life<\/strong>, the bulk of which he plans to donate to fighting climate change and addressing \u201csocial and political divisions,\u201d Bezos and his partner Lauren S\u00e1nchez told <a href=\"https:\/\/edition.cnn.com\/2022\/11\/14\/business\/jeff-bezos-charity\/index.html\">CNN<\/a> in an exclusive interview.<\/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>The Madbouly government\u2019s state ownership policy document could go into effect at the end of this year<\/strong>, Vice Minister of Finance Ahmed Kouchouk <a href=\"https:\/\/enterprise.press\/#tldr-story-05\">told the Senate<\/a> yesterday.<\/li>\n<li><strong>Final contracts for the 10 GW Masdar-Infinity-Hassan Allam wind farm announced last week at COP27 <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9e57ab8-1858-47df-b73a-6c5e6a18b868\">could be signed<\/a><\/strong><strong> before the end of the year<\/strong>, according to Hesham El Gamal, general manager at Infinity.<\/li>\n<li><strong>EIB could invest in water projects in Egypt:<\/strong> The European Investment Bank (EIB) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f937b85f-53c2-4742-ab81-a431b6347423\">plans to commit<\/a> USD 1.5 bn in new financing to Egypt, primarily focusing on water treatment, said the bank\u2019s VP, Gelsomina Vigliotti.<\/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>PSA #2- If you\u2019re self-employed, you have to register in the Tax Authority\u2019s e-invoice <\/strong><strong>system by 15 December.<\/strong> This includes self-employed doctors, engineers, lawyers, and artists, the Egyptian Tax Authority said in a<a href=\"https:\/\/www.facebook.com\/tax.egypt\/posts\/pfbid02xZQ6g3mVt8xBY53zbkaNSQLfuDKW7Ee28TZcyKJtrM8w2ATZS6X56S74UQLqdcJBl?__cft__[0]=AZXVBg27tCmAV6V8UTaKct5D9vUtObmHwGpKIRGlr_-bKwdpAvQwJFc_KhX1j74zzW6NZAZZbwstHUM0k2vJpG9RgPAcIjCSkTtkqaNOHbKxXLu4gbAO4F9m9Y5M_P1Ko2yzMmlzqI8BYcK02CDLCl-MfitRXBcoAva7fQicniNi_SrH6qVkgG3IqTi7so9I8w8&__tn__=%2CO%2CP-R\">statement<\/a>. Only e-invoices will be considered for VAT deduction or refunds as of 1 April, 2023.<\/p>\n<p><strong>What e-invoicing system?<\/strong> In late 2020, the Tax Authority launched a pilot program for B2B e-invoicing with 134 companies, before expanding the system to all large taxpayers in July 2021. All B2B and B2C invoices across the country should be fully automated by December. We have a primer on the system, its purpose, the timeline of implementation along with a list of phase one companies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">here<\/a>.<\/p>\n<p><strong>PSA #3- Good news for Upper Egypt startups:<\/strong> Applications for a Uplift4UpperEgypt \u2014 startup program run by Orascom\u2019s <a href=\"https:\/\/geminiafrica.com\/\">Gemini Enterprises Africa<\/a>, in partnership with the Sawiris Foundation, aimed at businesses in Upper Egypt, will open on 17 November, according to <a href=\"https:\/\/bit.ly\/3Ghr7lV\">Al Mal<\/a>.<\/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>Expect a daytime high of 24\u00b0C tomorrow and a nighttime low of 14\u00b0C, according to our favorite weather app.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/expat-car-import-scheme\/\">expat car import scheme<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Web-Mashreq-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579684\" 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=\"579684\">\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\/14\/twitter-blue-subscription-gets-scrapped-after-wreaking-havoc-we-need-to-sacrifice-long-haul-flights-for-the-next-17-years\/\">\r\n                            Twitter Blue subscription gets scrapped after wreaking havoc + We need to sacrifice long-haul flights for the next 17 years                        <\/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\/14\/twitter-blue-subscription-gets-scrapped-after-wreaking-havoc-we-need-to-sacrifice-long-haul-flights-for-the-next-17-years\/\" 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/twitter-blue-subscription-gets-scrapped-after-wreaking-havoc-we-need-to-sacrifice-long-haul-flights-for-the-next-17-years\/641-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/641.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"641.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/641.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/641.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579684\" class=\"content-area-description single-story post-579684 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-disney tag-elon-musk tag-enterprisepm tag-for-your-commute tag-travel tag-twitter wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>SIGN OF THE TIMES #1- <\/strong><strong>Elon Musk ordered the end of remote work in his first email to Twitter employees,<\/strong><strong> warning of \u201cdifficult times ahead.\u201d<\/strong> In an email seen by<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-10\/musk-s-first-email-to-twitter-staff-ends-remote-work?srnd=premium-middle-east\">Bloomberg<\/a> last week, Musk claimed there was \u201cno way to sugarcoat the message\u201d about the economic outlook and how it will affect a company that relies on advertising like Twitter. Effective immediately, Twitter employees must work at least 40 hours per week in the office. Musk also said he wants subscriptions to account for half of Twitter\u2019s revenue, which might not be going so great considering\u2026<\/p>\n<p><strong>Twitter has suspended its Twitter Blue subscription service<\/strong> after several parody accounts took advantage of the USD 8 charge to get the coveted blue check mark that previously represented verified accounts and wreaked havoc, <a href=\"https:\/\/www.wsj.com\/articles\/whats-real-and-what-isnt-on-twitter-under-elon-musk-it-is-really-unclear-11668184148?mod=hp_lead_pos2\">the WSJ<\/a> reports. Among the parody tweets causing confusion: George W. Bush bashing Iraqis, LeBron James requesting a trade from the LA Lakers, and Eli Lilly announcing it will be selling insulin without charge.<\/p>\n<p><strong>SIGNS OF THE TIMES #2- Disney the latest to go into austerity mode: <\/strong>Walt Disney will implement a package of cost-cutting measures, including a company-wide hiring freeze and potential layoffs, as it looks to boost revenues following a disappointing earnings report. (<a href=\"https:\/\/www.wsj.com\/articles\/walt-disney-dis-q4-earnings-report-2022-11667910348?mod=article_inline\">WSJ<\/a> | <a href=\"https:\/\/www.reuters.com\/business\/media-telecom\/disney-plans-hiring-freeze-job-cuts-cnbc-2022-11-11\/\">Reuters<\/a>)<\/p>\n<hr class=\"grey-line\">\n<p><strong>Business travelers are ditching one-day trips, leading airlines to revamp their flight<\/strong><strong> schedules to accommodate the pandemic-driven trend<\/strong>, <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/airlines-reboot-covid-sparks-revolution-one-day-business-trips-2022-11-06\/\">Reuters<\/a> reports. A CWT <a href=\"https:\/\/www.mycwt.com\/global-business-travel-forecast\/#pdf\">report<\/a> revealed that same-day travel\u2019s share of domestic business trips dropped one percentage point to 3% from 2019 the percentage of same day travels is declining worldwide. The trend began as flight tickets were on the rise and online video calls, rather than in-person meetings, ousted the \u201cindustry standard\u201d of booking quick trips, <a href=\"https:\/\/www.reuters.com\/markets\/companies\/UAL.O\/\">United Airlines<\/a> CCO Andrew Nocella said on an earnings call last month.<\/p>\n<p><strong>The busiest business routes are also showing less traffic as crowds are cramming into<\/strong><strong> more leisure-oriented routes.<\/strong> The Las Vegas-Los Angeles and Honolulu-Maui routes are now leading North America\u2019s flight charts, instead of the corporate route of Los Angeles-San Francisco. Business-focused Sydney-Melbourne is also down to the fifth route instead of the second in 2019, according to Reuters.<\/p>\n<p><strong>Speaking of travel: Your trip of a lifetime can be just that \u2014 viable only for you and not<\/strong><strong> for future generations.<\/strong> The number of long-haul trips exceeding 16k km need to remain at 2019 levels through to 2050 to allow the tourism industry to achieve net zero by that time, according to a <a href=\"https:\/\/www.thetravelfoundation.org.uk\/new-study-finds-just-one-scenario-for-tourism-that-meets-climate-net-zero-goal-given-current-growth-forecasts\/\">report from the Travel Foundation<\/a>. This needs to happen while flights switch to relying 100% on sustainable aviation fuels, while simultaneously promoting other modes of transport such as electric cars, high-speed trains and hydrogen buses, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-14\/how-tourism-can-hit-net-zero-by-2050-an-unrealistic-but-not-impossible-solution?srnd=premium-middle-east#xj4y7vzkg\">Bloomberg<\/a> reports. The tourism industry is currently responsible for 11% of global greenhouse gas emissions, and this number is predicted to more than double by 2050 \u2014 the year forecasted as \u201cthe tipping point for all sorts of ecological disasters\u201d by scientists.<\/p>\n<p><strong>Far-fetched, but entirely necessary:<\/strong> If we are able to make these changes until at least 2050, we might be able to stave off climate disaster and no longer be concerned about our ecological impact from jetting around the world. Countries like the Netherlands are already plugging in <a href=\"https:\/\/pure.buas.nl\/ws\/portalfiles\/portal\/15672869\/Peeters_tourismandclimatemitigation_peetersp_ed_nhtv2007.pdf\">data<\/a> to determine the effects of long-haul flights and encourage their tour operators to push for overnight train trips instead of short-haul routes in Europe. New Zealand is also providing \u201cconsumer-facing labeling to show clients what their emissions would be when selecting from competing zipline <a href=\"https:\/\/www.ziptrek.co.nz\/\">tours<\/a>.\u201d In addition, <a href=\"https:\/\/www.booking.com\">Booking.com<\/a>will start showing carbon emission listings on flights and hotel searches, enabling customers to filter lower carbon emission results, according to the CEO of <a href=\"https:\/\/www.chooose.today\">Chooose<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/disney\/\">Disney<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/travel\/\">travel<\/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=\"579686\" 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=\"579686\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/579686\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579686\" class=\"content-area-description single-story post-579686 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\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=\"579687\" 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=\"579687\">\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\/14\/ex-machina-isnt-it-strange-to-create-something-that-hates-you\/\">\r\n                            Ex Machina: Isn\u2019t it strange to create something that hates you?                        <\/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\/14\/ex-machina-isnt-it-strange-to-create-something-that-hates-you\/\" 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\/14\/ex-machina-isnt-it-strange-to-create-something-that-hates-you\/')\">\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\/14\/ex-machina-isnt-it-strange-to-create-something-that-hates-you\/\">\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=Ex Machina: Isn\u2019t it strange to create something that hates you?&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/ex-machina-isnt-it-strange-to-create-something-that-hates-you\/\">\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\/14\/ex-machina-isnt-it-strange-to-create-something-that-hates-you\/&title=Ex Machina: Isn\u2019t it strange to create something that hates you?\">\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=Ex+Machina%3A+Isn%E2%80%99t+it+strange+to+create+something+that+hates+you%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F14%2Fex-machina-isnt-it-strange-to-create-something-that-hates-you%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\/14\/ex-machina-isnt-it-strange-to-create-something-that-hates-you\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/642.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"579688\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/ex-machina-isnt-it-strange-to-create-something-that-hates-you\/642-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/642.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"642.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/642.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/642.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579687\" class=\"content-area-description single-story post-579687 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>Isn\u2019t it strange to create something that hates you?<\/strong> Ex Machina is a suspenseful and dramatic science fiction film that follows Caleb Smith, a programmer at the world\u2019s largest internet company. He wins an office competition to spend a week with the company\u2019s CEO, Nathan Bateman, at his lavish (but isolated) mansion. When Caleb arrives, he discovers that the competition was actually a selection process for an employee to participate in a strange experiment to assess the human qualities of Ava, the world\u2019s first designed AI humanoid robot. The assessment is meant to determine if she can communicate with people, and more importantly, if he would be able to accept dealing with her despite knowing she\u2019s a machine. The movie is directed by Alex Garland and stars Domhnall Gleeson, Alicia Vikander, Sonoya Mizuno and Oscar Isaac. You can watch it on <a href=\"https:\/\/www.primevideo.com\/detail\/Ex-Machina\/0MF4BU5GGIDY6BD27HKYKPX4V6\">Amazon Prime<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579692\" 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, ellipse){fill:#FFFFFF 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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-0p6kgn0\" data-v=\"4\" data-block-id=\"0p6kgn0\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0p6kgn0-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0p6kgn0-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\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" 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                It\u2019s earnings season: Credit Agricole, ADIB, Telecom Egypt, Abu Qir, AMOC, TMG                        <\/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\/14\/its-earnings-season-credit-agricole-adib-telecom-egypt-abu-qir-amoc-tmg\/\" 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=\"#\" 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TMG&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/its-earnings-season-credit-agricole-adib-telecom-egypt-abu-qir-amoc-tmg\/\">\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\/14\/its-earnings-season-credit-agricole-adib-telecom-egypt-abu-qir-amoc-tmg\/&title=It\u2019s earnings season: Credit Agricole, ADIB, Telecom Egypt, Abu Qir, AMOC, TMG\">\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=It%E2%80%99s+earnings+season%3A+Credit+Agricole%2C+ADIB%2C+Telecom+Egypt%2C+Abu+Qir%2C+AMOC%2C+TMG+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F14%2Fits-earnings-season-credit-agricole-adib-telecom-egypt-abu-qir-amoc-tmg%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\/14\/its-earnings-season-credit-agricole-adib-telecom-egypt-abu-qir-amoc-tmg\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579693\" class=\"content-area-description single-story post-579693 post type-post status-publish format-standard hentry category-go-with-the-flow tag-abu-dhabi-islamic-bank tag-amoc tag-credit-agricole tag-earnings-watch tag-enterprisepm tag-go-with-the-flow tag-talaat-moustafa-holding wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EARNINGS WATCH-<\/strong><\/p>\n<p><strong>Credit Agricole Egypt\u2019s net income after tax rose 37.4% y-o-y in 9M 2022 to EGP 1.6 bn<\/strong>, according to its <a href=\"https:\/\/ent.news\/2022\/11\/Credit-Agricole-Egypt-9M2022.pdf\">financial statement<\/a><a href=\"https:\/\/ent.news\/2022\/11\/Credit-Agricole-Egypt-9M2022.pdf\">(pdf)<\/a>. The bank\u2019s net interest income rose 15% y-o-y to EGP 4.4 bn during the period.<\/p>\n<p><strong>Abu Dhabi Islamic Bank Egypt\u2019s (ADIB) net income rose 49% to EGP 1.5 bn in 9M 2022<\/strong>, according to its <a href=\"https:\/\/ent.news\/2022\/11\/284544_1.pdf\">financial statement (pdf)<\/a>. The bank\u2019s revenues rose 35% y-o-y to EGP 4.07 bn, while its net interest income rose 32% to EGP 3.43 bn.<\/p>\n<p><strong>Telecom Egypt\u2019s 9M 2022 net income was essentially flat y-o-y at EGP 6.2 bn<\/strong>, while its normalized bottom line for the period (excluding one-offs \u2014 Vodafone reversals, provisions, and FX impacts) rose 25% y-o-y to EGP 7.1 bn, according to its <a href=\"https:\/\/ent.news\/2022\/11\/Telecom-Egypt-3Q-2022-EN.pdf\">earnings release (pdf)<\/a>. The company\u2019s consolidated revenues rose to EGP 32.3 bn, up 22% y-o-y.<\/p>\n<p><strong>Abu Qir Fertilizers and Chemical Industries\u2019 net income rose to EGP 2.8 bn in 3Q 2022,<\/strong><strong> up 115% y-o-y<\/strong>, according to its <a href=\"https:\/\/ent.news\/2022\/11\/Abu-Qir-3Q-2022.pdf\">financial statements (pdf)<\/a>. The company\u2019s revenues surged to 80% y-o-y to EGP 4.8 bn.<\/p>\n<p><strong>Alexandria Mineral Oil Company\u2019s (AMOC) bottom line rose 74% y-o-y in 3Q 2022<\/strong> to register EGP 398.6 mn, according to its <a href=\"https:\/\/ent.news\/2022\/11\/AMOC-3Q-2022.pdf\">financial statement (pdf)<\/a>. The company\u2019s top line rose 60% y-o-y to EGP 6.0 bn.<\/p>\n<p><strong>Talaat Moustafa Holding\u2019s bottom line rose 15% y-o-y in 9M2022<\/strong> to register EGP 1.97 bn, according to its <a href=\"https:\/\/ent.news\/2022\/11\/Talaat-Moustafa-9m2022.pdf\">earnings release (pdf)<\/a>. The company\u2019s top line rose 23% y-o-y to EGP 13.9 bn.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 rose 1.3% at today\u2019s close<\/strong> on turnover of EGP 3.05 bn (63.3% above the 90-day average). Local investors were net buyers. The index is up 1.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>Fawry (+6.6%), Eastern Company (+3.6%) and Palm Hills Development (+3.6%).<\/p>\n<p><strong>In the red: <\/strong>Oriental Weavers (-5.3%), CIRA (-3.4%) and GB Auto (-2.7%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amoc\/\">AMOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/credit-agricole\/\">Credit Agricole<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talaat-moustafa-holding\/\">Talaat Moustafa Holding<\/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=\"579694\" 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=\"579694\">\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\">LIFESTYLE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/egypt-is-getting-on-the-thrifting-bandwagon\/\">\r\n                            Egypt is getting on the thrifting bandwagon                        <\/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\/14\/egypt-is-getting-on-the-thrifting-bandwagon\/\" 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\/14\/egypt-is-getting-on-the-thrifting-bandwagon\/')\">\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\/14\/egypt-is-getting-on-the-thrifting-bandwagon\/\">\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=Egypt is getting on the thrifting bandwagon&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/egypt-is-getting-on-the-thrifting-bandwagon\/\">\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\/14\/egypt-is-getting-on-the-thrifting-bandwagon\/&title=Egypt is getting on the thrifting bandwagon\">\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=Egypt+is+getting+on+the+thrifting+bandwagon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F14%2Fegypt-is-getting-on-the-thrifting-bandwagon%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\/14\/egypt-is-getting-on-the-thrifting-bandwagon\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/649.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"579695\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/egypt-is-getting-on-the-thrifting-bandwagon\/649-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/649.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"649.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/649.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/649.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579694\" class=\"content-area-description single-story post-579694 post type-post status-publish format-standard has-post-thumbnail hentry category-lifestyle tag-climate-change tag-enterprisepm tag-fashion tag-lifestyle wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Thrifting is becoming more commonplace in Egypt: <\/strong>Second hand clothing has long been shrouded in stigma in Egypt, but it now seems that attitudes towards pre-owned clothing are starting to change. More and more people in Egypt are now opting for purchasing second hand garments \u2014 owing to the fact that they are cheaper and less environmentally taxing alternatives to buying new clothes. And this isn\u2019t an unprecedented shift in consumer behavior: Elsewhere around the world buying second hand or \u201cthrifting\u201d has long been en vogue.<\/p>\n<p><strong>Buying second-hand is undeniably better for the environment than purchasing new: <\/strong>Increasing the share of pre-worn clothing in our closets is among the best ways to drive down our carbon footprint and to help scale back fashion industry related greenhouse gas emissions \u2014 which already make up some 10% of global emissions and are set to rise by over 50% by 2030, according to the <a href=\"https:\/\/www.worldbank.org\/en\/news\/feature\/2019\/09\/23\/costo-moda-medio-ambiente#:~:text=Of%20the%20total%20fiber%20input,flights%20and%20maritime%20shipping%20combined.\">World Bank<\/a>.<\/p>\n<p><strong>The second-hand market worldwide is expected to eclipse fashion giants in terms of value by the end of the decade: <\/strong>The total value of the second-hand clothing market was estimated to be around USD 96 bn in 2021, according to <a href=\"https:\/\/www.thredup.com\/resale\/#size-and-impact\">figures<\/a> compiled by US-based second hand online retailer ThredUp. By 2026, the second-hand clothing market around the world is projected to reach some USD 218 bn, on track to grow by some 127% in five years.<\/p>\n<p><strong>Even fast-fashion giants are scrambling to keep pace with the emerging trend: <\/strong>Spanish fast-fashion retailer Zara \u2014 which <a href=\"https:\/\/www.vox.com\/2019\/9\/12\/20860620\/fast-fashion-zara-hm-forever-21-boohoo-environment-cost\">faces accusations<\/a> of causing immense environmental harm \u2014 <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-20\/zara-to-start-repairing-reselling-clothes-in-uk-pre-owned-push\">recently announced<\/a> that it would be dipping its toes into the resale market to reportedly make up for some of the environmental damage it has caused. The company is helping UK shoppers resell, repair, or donate their Zara clothing. This comes after fast-fashion rival H&M <a href=\"https:\/\/www.ellecanada.com\/fashion\/shopping\/hm-canada-just-launched-rewear-a-resale-site-for-shoppers\">last year<\/a> launched its own <a href=\"https:\/\/rewear.hm.com\/ca-en\/about\">resale platform<\/a> that allows users to buy and sell second-hand clothing of all stripes.<\/p>\n<p><strong>This is all thanks to the youth: <\/strong>Most of the growth in the second-hand clothing industry worldwide is mostly thanks to the changing preferences of younger consumers. Gen Z and Millennial shoppers are the most likely to be buying second-hand and it's because of cost and environmental concerns, the ThredUp report found. Some 62% of Gen Z and Millennials report that they look for an item secondhand first before looking to purchase it new.<\/p>\n<p><strong>Egypt is a net-importer of second-hand clothing: <\/strong>In 2019, Egypt imported some 5.3k tons of used clothing worth USD 6.6 mn. During 2020, that figure fell considerably to some 2.8k tons, worth USD 2.3 mn at the time, according to<a href=\"https:\/\/www.capmas.gov.eg\/Pages\/Publications.aspx?page_id=5104&YearID=23417\">CAPMAS<\/a> in 2020 and 2021.<\/p>\n<p><strong>Most of this clothing ends up in one place: <\/strong>Wekalet El Balah is by far the most popular market for second-hand clothing in the country. But there are a bunch of other options: Facebook groups, garage sales and second-hand resellers.<\/p>\n<p><strong>Younger generations are the ones leading the charge on second-hand: <\/strong>People used to buy pre-owned clothes in secret but now young people no longer experience the kind of shame that plagued older generations, and instead brag about their finds, Heba El Desouky, founder of <a href=\"https:\/\/www.instagram.com\/asgoodasnewegypt\/\">As Good As New<\/a>, tells Enterprise.<\/p>\n<p><strong>Which is in line with broader generational concern for the state of the world: <\/strong>\u201cPeople are starting to rethink their consumer decisions so that they don't harm the environment,\u201d El Desouky says. Younger generations also seem to value being \u201creal over being fashionable,\u201d she explains.<\/p>\n<p><strong>Fast fashion can be prohibitively expensive anyway:<\/strong> Fast fashion in Egypt has become significantly more expensive in recent years and outright unaffordable to even middle class shoppers, she explained.<\/p>\n<p><strong>And its quality is often subpar:<\/strong> \u201cThe world already has too many second hand clothes for all of us to use, and this is a good chance to wear good quality clothes at a low price,\u201d fashion designer and blogger Bassant Maximus says.<\/p>\n<p><strong>Online resellers are trying hard to communicate this message to shoppers:<\/strong> Platforms like As Good As New allow individual users to buy and sell mid- to high-end and luxury garments at way more affordable prices than retail. Designer handbags are among their most popular offerings, El Desouky says.<\/p>\n<p><strong>Equilibrium in the second-hand market: <\/strong>In the past year there\u2019s been a surge in interest in second-hand clothing, Samar Selim, founder of online second-hand market place and showroom, <a href=\"https:\/\/es-kai.com\/\">Esaki<\/a>, tells us. \u201cThere used to be more sellers than buyers but I think they\u2019re about the same now,\u201d Selim says.<\/p>\n<p><strong>Upcyclers are working on a similar yet distinct segment of this industry: <\/strong>Companies like Green Fashion produce sustainable clothing and products from garment industry waste and leftover fabric. To turn what would otherwise be sent to a landfill, Green Fashion collects discarded denim and cotton textiles from factories and employs women from marginalized communities to transform them into wearable clothing.<\/p>\n<p><strong>But there are some cultural hurdles that still need to be overcome: <\/strong>Unwritten social codes like never wearing a dress more than once need to be reassessed, says El Desouky. For many, buying \u201cpre-loved\u201d clothing is falsely considered unhygienic and that newly manufactured garments are the only way to go, Maximus explains.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fashion\/\">fashion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lifestyle\/\">lifestyle<\/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=\"579696\" 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\/14\/579696\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579696\" class=\"content-area-description single-story post-579696 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>6-18 November (Sunday-Friday): Egypt will host <a href=\"https:\/\/cop27.eg\/\">COP27<\/a> in Sharm El Sheikh.<\/p>\n<p>13-22 November (Sunday-Tuesday): <a href=\"https:\/\/www.ciff.org.eg\/\">Cairo International Film Festival (CIFF)<\/a>.<\/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 of Representatives is 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>Late November or early December: US and Russia to hold talks on resuming mutual nuclear inspections in 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 December (Saturday): The TriFactory\u2019s <a href=\"https:\/\/www.thetrifactory.com\/pyramidshalfmarathon\">Pyramids Half Marathon<\/a>.<\/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>December: Chinese President Xi Jinping <a href=\"https:\/\/www.reuters.com\/business\/cop\/trade-security-agenda-xi-visit-saudi-arabia-saudi-minister-2022-11-12\/\">visit<\/a>to Saudi Arabia<\/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 Arabia\u2019s 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\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":579681,"template":"","categories":[],"tags":[],"class_list":["post-579680","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e84aceef-989f-4ce0-a7bb-c498fd880793","teaser":"","photo_url":"https:\/\/ent.news\/2022\/11\/640.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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