{"id":580116,"date":"2022-12-08T13:20:16","date_gmt":"2022-12-08T13:20:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=580116"},"modified":"2025-12-16T12:18:29","modified_gmt":"2025-12-16T12:18:29","slug":"brain-shortcuts","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/brain-shortcuts\/","title":{"rendered":"Brain shortcuts"},"content":{"rendered":"<section id=\"580118\" 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=\"580118\">\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\/12\/08\/this-evening-inflation-hits-five-year-high-ezz-el-arab-tapped-as-cibs-non-executive-chairman-finmin-extends-e-invoicing-registration-deadline-for-the-self-employed\/\">\r\n                            THIS EVENING: Inflation hits five-year high + Ezz El Arab tapped as CIB\u2019s non-executive chairman + FinMin extends e-invoicing registration deadline for the self-employed                        <\/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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href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/this-evening-inflation-hits-five-year-high-ezz-el-arab-tapped-as-cibs-non-executive-chairman-finmin-extends-e-invoicing-registration-deadline-for-the-self-employed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/662.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580119\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/this-evening-inflation-hits-five-year-high-ezz-el-arab-tapped-as-cibs-non-executive-chairman-finmin-extends-e-invoicing-registration-deadline-for-the-self-employed\/662-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/662.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"662.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/662.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/662.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580118\" class=\"content-area-description single-story post-580118 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-economy tag-enterprisepm tag-finance-ministry tag-hisham-ezz-al-arab tag-inflation tag-tax 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, friends.<\/strong> We\u2019ve made it to the weekend after a whirlwind week for us here at Enterprise \u2014 and a particularly busy and interesting news week for Omm El Donia at large.<\/p>\n<p><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>#1- Deval drives inflation to five-year high:<\/strong> Urban annual inflation accelerated to 18.7% in November, up from 16.2% in October, according to <a href=\"https:\/\/bit.ly\/3VGdEZT\">figures<\/a> from state statistics agency Capmas. November\u2019s inflation figures are the highest in nearly five years, driven primarily by rising food and beverage prices.<\/p>\n<p><strong>#2- Our friend Hisham Ezz El Arab is now non-executive chairman at CIB<\/strong>, after the bank\u2019s board of directors appointed him to the position with the Central Bank of Egypt\u2019s blessing, according to <a href=\"https:\/\/ent.news\/2022\/12\/CIB-HishamEzz-nonexecchairman.pdf\">a disclosure (pdf)<\/a> to the bourse. Ezz El Arab takes over the position from Sherif Samy, who held the position <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17847e29-9c0f-43ba-a6e6-a84a525dcc22\">since October 2020<\/a>. Samy will remain on the bank\u2019s board as a non-executive member.<\/p>\n<p><strong>#3- FinMin extends e-invoicing registration deadline for the self-employed:<\/strong> Self-employed individuals \u2014 including doctors, pharmacists, and lawyers \u2014 now have until 30 April, 2023 to register with the Tax Authority\u2019s e-invoicing system, after the Finance Ministry extended the deadline from next Thursday, 15 December, according to a <a href=\"https:\/\/bit.ly\/3FwXSuB\">statement<\/a>. The ministry pushed the cut-off date to help the self-employed get their ducks in a row, while the ministry sets up a committee to address problems they may face, the statement says.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>We have a thoroughly mixed bag of nuts and bolts in the international business press<\/strong><strong> this afternoon.<\/strong> The <a href=\"https:\/\/www.ft.com\/content\/b44b2a11-9a8e-4676-9fce-ed2d33dc502a\">Financial Times<\/a> is leading its front page with the immediate effect of China rolling back its covid-zero policies \u2014 including the country swiftly running out of covid-19 medication as the virus spreads, while <a href=\"https:\/\/www.cnbc.com\/2022\/12\/08\/winter-cold-temperatures-pose-first-test-for-europes-energy-grids.html\">CNBC<\/a> looks at what\u2019s in store for Europe\u2019s energy grid as temperatures begin to drop significantly over the next few days and the continent continues to struggle with an energy shortage. Elsewhere, the latest updates on the ground in the Russia-Ukraine war are getting prominence in <a href=\"https:\/\/www.reuters.com\/world\/europe\/putin-acknowledges-russias-war-ukraine-could-be-long-one-2022-12-07\/\">Reuters<\/a>.<\/p>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>President Abdel Fattah El Sisi landed in Riyadh to attend the China-Arab States Summit<\/strong>, according to an Ittihadiya <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid02CerTXwXUDyyekkXpaqJDyFxpPXtbDCFyLCYeyiYWfJW5JF1uix6nb7mFtWTgTjw4l\">statement<\/a>. The summit, which kicks off tomorrow, will coincide with Chinese President Xi Jinping\u2019s visit to the kingdom.<\/p>\n<p><strong>The first session of the cabinet\u2019s Information and Decision Support Center\u2019s (IDSC) <\/strong><strong>new intellectual forum is underway.<\/strong> The weekly forum will see experts including government officials, academics, representatives of multilateral institutions, MPs, and national dialogue members meet to discuss key policy questions and make recommendations on them to the prime minister, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02tGCH35w2D7RNNtWMJP7LD8nThnMWSu7m3uK2DDby5gcAmJ9x7iDsPK7qcBga3MR3l\">statement<\/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>Green hydrogen and NWFE are key for the private sector coming out of COP27:<\/strong> Our inaugural Enterprise Climate X Forum kicked off earlier this week <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a197d083-f6fc-4194-8b1b-80f36f980dc7\">with a panel<\/a> on green hydrogen and the government\u2019s flagship Nexus on Water, Food and Energy (NWFE) program.<\/li>\n<li><strong>More green hydrogen momentum: <\/strong>Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6fca6e16-feca-4c33-b94b-1147cb91ff4a\">signed MoUs<\/a> with seven companies and consortiums to conduct feasibility studies on new projects to produce green hydrogen and its derivatives.<\/li>\n<li><strong>Sovereign sukuk + sustainable bond issuances coming this FY?<\/strong> The Finance Ministry is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/542c8eda-1f5c-4f9e-8074-2d283d28118d\">planning to sell<\/a> USD 1.5-2.5 bn of sukuk and USD 500 mn of sustainable development bonds before the end of the current fiscal year.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The Egyptian Private Equity Association is hosting a healthcare summit next Monday, 12<\/strong><strong> December.<\/strong> The event will be held under the auspices of the finance and planning ministries. You can check out the <a href=\"https:\/\/ent.news\/2022\/12\/Healthcare-Summit-final.pdf\">agenda here (pdf)<\/a> and <a href=\"https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLSf1Ww5Qf_B5XHZKqyLvvdoAZihyz0xQoBUcZciMAU7VEUBS-Q\/viewform?usp=pp_url\">register for the summit here<\/a>.<\/p>\n<p><strong>Later this month:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee meets on Thursday, 22 December to review interest rates.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>We have a lovely sunny weekend to look forward to with temperatures in Cairo expected to hit highs of 24-25\u00b0C during the day on Friday and Saturday before falling to 13-14\u00b0C in the evening.<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hisham-ezz-al-arab\/\">Hisham Ezz Al Arab<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"580120\" 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=\"580120\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/580120\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580120\" class=\"content-area-description single-story post-580120 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.mashreqbank.com\/en\/egypt\/personal\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Web-Mashreq-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580121\" 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=\"580121\">\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\/12\/08\/you-might-not-have-to-put-your-phone-on-airplane-mode-on-eu-flights-this-years-world-cup-fans-are-a-spendy-bunch\/\">\r\n                            You might not have to put your phone on airplane mode on EU flights + This year\u2019s World Cup fans are a spendy bunch                        <\/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        <!-- 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/663.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580122\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/you-might-not-have-to-put-your-phone-on-airplane-mode-on-eu-flights-this-years-world-cup-fans-are-a-spendy-bunch\/663-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/663.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"663.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/663.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/663.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580121\" class=\"content-area-description single-story post-580121 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-enterprisepm tag-for-your-commute tag-sports tag-travel tag-visa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Europe is bidding airplane mode farewell but the US is still spooked: <\/strong>The European Commission <a href=\"https:\/\/digital-strategy.ec.europa.eu\/en\/news\/5g-planes-wi-fi-road-commission-decision-opens-new-opportunities-innovation\">moved to green light airlines<\/a> to provide 5G technology on their planes allowing passengers to use their phones on flights, <a href=\"https:\/\/www.washingtonpost.com\/travel\/2022\/12\/06\/5g-planes-phone-calls-europe\/\">The Washington Post<\/a> reports. Across the pond, the US still fears 5G will interfere with planes and limit cell carriers\u2019 access to the frequency around airports. Earlier this year flights were canceled or diverted on concerns that 5G antennas on the ground would interfere with airplane equipment.<\/p>\n<p><strong>People rambling on their phones during flights is another concern: <\/strong>Other than technical concerns, forcing passengers to put their phones on airplane mode (or switching them off) was helping to keep airplanes quieter. The Federal Communications Commission (FCC) recently ended a 2013 regulatory proceeding that would have allowed passengers to make calls and send texts on US airlines, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-airlines-mobile-phones\/u-s-agency-blocks-path-to-in-flight-airline-cellphone-idUSKBN28A28H\">Reuters<\/a> reports. Airline pilots and flight attendants stood in staunch opposition to the proceeding.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The luxury travel market isn\u2019t going to tank amid rising inflation \u2014 with wealthy travelers<\/strong><strong> to thank.<\/strong> As soaring inflation rates across the globe has some in the tourism and aviation industries concerned about a downturn in travel activity, the wealthiest travels appear to be more than ready to earmark more of their spending on trips, according to an <a href=\"https:\/\/www.americanexpress.com\">American Express<\/a> and <a href=\"https:\/\/altiant.com\">Altiant<\/a> report picked up by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-07\/most-wealthy-consumers-will-spend-more-on-travel-ecotourism-in-2023?srnd=premium-middle-east#xj4y7vzkg\">Bloomberg<\/a>. The report finds that 60% of wealthy travelers intend to spend more on travel next year than they do on purchasing material goods while only 10% said they\u2019ll cut back.<\/p>\n<p><strong>What does this mean for climate concerns from all those planes?<\/strong> The report \u2014 which surveyed 1.2k high-net-worth travelers concentrated in Asia, Europe and the Americas \u2014 showed that travelers are becoming more aware of carbon emissions, with 70% of respondents saying that seeing carbon emissions data on their flights or vacation choices \u201cis very or somewhat influential in their booking decisions.\u201d Nearly half of those surveyed indicated their intention to take more environmentally friendly vacations, with 81% of Chinese travelers fully on board with this decision \u2014 even if it meant paying a little bit extra.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Fans at the World Cup in Qatar are on track to spend record amounts at tournament<\/strong><strong> venues<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-08\/world-cup-fans-on-pace-for-record-spending-at-tournament-venues?srnd=premium-middle-east&leadSource=uverify%20wall\">Bloomberg<\/a> reports. Fans have already spent more than they did at the 2014 Brazil World Cup and 89% of what they spent in Russia in 2018, with 10 more days to go before the end of the tournament, according to data from payment partner Visa. The data tracks spending on its cards at all World Cup venues from the beginning of the event through 2 December. Payments on merchandise made up nearly half of total spending while spending on food and beverages made up 36%, despite ethanolic beer being banned. Fans at the Saudi v Mexico group stage match spent the most overall. Qatar expects the championship will net revenues of USD 17 bn for the country\u2019s economy \u2014 far eclipsing the USD 4.5 bn brought in at the 2018 tournament.<\/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\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/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\/visa\/\">Visa<\/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=\"580123\" 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=\"580123\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/580123\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580123\" class=\"content-area-description single-story post-580123 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.palmhillsdevelopments.com\/en-us\/home'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/Palm-Hills-The-Crown-web-dec-22.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=\"580124\" 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=\"580124\">\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\/12\/08\/tis-the-season-for-christmas-bake-offs\/\">\r\n                            \u2018Tis the season for Christmas bake-offs                        <\/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\/12\/08\/tis-the-season-for-christmas-bake-offs\/\" 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\/12\/08\/tis-the-season-for-christmas-bake-offs\/')\">\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\/12\/08\/tis-the-season-for-christmas-bake-offs\/\">\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=\u2018Tis the season for Christmas bake-offs&url=https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/tis-the-season-for-christmas-bake-offs\/\">\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\/12\/08\/tis-the-season-for-christmas-bake-offs\/&title=\u2018Tis the season for Christmas bake-offs\">\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=%E2%80%98Tis+the+season+for+Christmas+bake-offs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F12%2F08%2Ftis-the-season-for-christmas-bake-offs%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\/12\/08\/tis-the-season-for-christmas-bake-offs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/664.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580125\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/tis-the-season-for-christmas-bake-offs\/664-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/664.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"664.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/664.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/664.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580124\" class=\"content-area-description single-story post-580124 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-04\"><\/a> <strong>The Christmas season brings a lot of food \u2014 and food-related shows:<\/strong> The second season of <a href=\"https:\/\/www.netflix.com\/title\/81094391\">Sugar Rush<\/a> is now available on Netflix, with most scrumptious Christmas desserts cooked in all shapes and sizes \u2014 cupcakes, cookies, puddings, cake, you name it. Each episode runs a new Christmas theme and hosts a guest judge, who decides which teams will make it to the next round. The teams are pressed for time to prepare the best dessert, while maintaining their positive holiday spirit. The winning team will receive a USD 10k grand prize. We recommend you watch the heated Christmas Countdown episode with NBA Champion Chris Bosh as guest judge.<\/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=\"580132\" 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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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-6zngc1o\" data-v=\"4\" data-block-id=\"6zngc1o\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-6zngc1o-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-6zngc1o-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-rctt0li\" data-v=\"4\" data-block-id=\"rctt0li\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-rctt0li-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-rctt0li-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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markets are doing on 8 December, 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\/12\/08\/what-the-markets-are-doing-on-8-december-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(); 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Foreign investors were net buyers. The index is up 24.2% YTD.<\/p>\n<p><strong>In the green: <\/strong>AMOC (+7.7%), Sidi Kerir Petrochemicals (+7.6%) and Elswedy Electric (+6.0%).<\/p>\n<p><strong>In the red: <\/strong>Oriental Weavers (-3.9%), e-Finance (-2.6%) and Fawry (-2.3%).<\/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=\"580134\" 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=\"580134\">\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\">PSYCHOLOGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/our-brain-is-tricking-us-for-efficiency-heuristics-and-cognitive-biases-in-decision-making\/\">\r\n                            Our brain is tricking us for efficiency: Heuristics and cognitive biases in decision-making                        <\/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\/12\/08\/our-brain-is-tricking-us-for-efficiency-heuristics-and-cognitive-biases-in-decision-making\/\" 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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To put that figure into perspective, it\u2019s the equivalent of 16 movies.<\/p>\n<p><strong>How do our brains handle these massive loads? They take little shortcuts here and there<\/strong> to make life a bit easier. Brains are designed and wired to prioritize efficiency wherever possible, so they rely on tools like <a href=\"https:\/\/www.psychologytoday.com\/us\/basics\/heuristics\">heuristics<\/a> \u2014 essentially a mental shortcut that helps us make decisions faster. When we make rational decisions, we typically spend lots of time (and cognitive energy) weighing all the available information, including the pros and cons of each scenario, to reach a logical conclusion.<\/p>\n<p><strong>Heuristics allow our brains to get to the end point faster when it comes to snap decisions<\/strong><strong> and thought processes.<\/strong> \u201cFor example, humans have only limited time, information, and cognitive capacity to decide which mate to choose, food to eat, or house to buy, and so may have to rely on simple decision strategies or heuristics to make their decisions,\u201d according to <a href=\"https:\/\/www.sciencedirect.com\/topics\/neuroscience\/cognitive-bias\">an article<\/a> published in the Encyclopedia of Human Behavior.<\/p>\n<p><strong>The danger of heuristics: They can result in some <\/strong><strong><a href=\"https:\/\/doi.org\/10.1017\/CBO9780511808098\">cognitive biases<\/a><\/strong>, which are essentially incorrect judgments or assumptions. These biases become systematic errors that can perpetuate the same type of thinking if they remain unchecked, resulting in sometimes hyperbolic behavior. Scientists who studied the neural pathways our brains use when employing heuristics \u2014 and that result in cognitive biases \u2014 have found that there are several different types of biases:<\/p>\n<p><strong>#1- Scrolling through articles that all seem to be giving the same news or confirming the<\/strong><strong> same opinions?<\/strong> That\u2019s actually social media algorithms perpetuating confirmation bias by feeding us content that is in line with our interests and views, in a bid to get more engagement and clicks. This bias, known as the confirmation bias, is \u201cthe tendency to select, interpret, focus on, and remember information in a way that confirms one\u2019s preconceptions, views, and expectations,\u201d according to a <a href=\"https:\/\/journals.sagepub.com\/doi\/abs\/10.1037\/1089-2680.2.2.175\">1998 study<\/a>. So that means that, besides the algorithm already doing a lot of work to bring us data that feeds into our preconceptions, we\u2019re also likely to seek out information in a way that confirms our thoughts and opinions. That often means the lack of exposure to opposing viewpoints will further entrench our biases and ideas.<\/p>\n<p><strong>#2- \u201cI\u2019ve already spent too much time\/money\/effort. I can\u2019t quit now.\u201d<\/strong> This common way of thinking is a cognitive bias known as the sunk cost bias, which refers to our tendency to stick with a something \u2014 be it an activity, a relationship, a job, or just a bad movie \u2014 because we\u2019ve already invested time, money, or effort into it and don\u2019t want to see these resources go to waste midway through. This bias \u201cmeans that we are making decisions that are irrational and lead to suboptimal outcomes,\u201d <a href=\"https:\/\/thedecisionlab.com\/biases\/the-sunk-cost-fallacy\">focusing too much on what we\u2019ve already invested<\/a> (proverbial spilled milk) instead of considering the future and end point. It ends up being a \u201cvicious cycle\u201d because, until we pull the plug, we\u2019re likely to continue investing the resources we feel bad about wasting, making it exponentially more difficult to call it quits.<\/p>\n<p><strong>#3- \u201cThat could never happen to me.\u201d<\/strong> One of the common cognitive biases \u2014 which is particularly prevalent among younger people \u2014 is the <a href=\"https:\/\/thedecisionlab.com\/biases\/optimism-bias\">optimism bias<\/a>. This fallacy is seen when we (incorrectly) assume that we\u2019re less susceptible to negative events and more likely to experience positive events than the general average. It\u2019s often seen in risk-taking behavior in younger people, who could drive recklessly but be irrationally confident that they won\u2019t get into an accident, or take up smoking with the conviction they won\u2019t face adverse health effects.<\/p>\n<p><strong>So how do we address these biases?<\/strong> As the old adage goes, admitting you have a problem is the first step to recovery. <a href=\"https:\/\/journals-sagepub-com.libproxy.aucegypt.edu\/doi\/full\/10.1177\/0956797619861429?utm_source=summon&utm_medium=discovery-provider\">Studies<\/a> have shown that awareness of cognitive biases decreases their effects. To go further, integrate others into your decision-making process since <a href=\"https:\/\/journals-sagepub-com.libproxy.aucegypt.edu\/doi\/full\/10.1177\/2372732215600886?utm_source=summon&utm_medium=discovery-provider\">research<\/a> has also shown that collaboration, particularly in diverse groups, mitigates bias. Finally, try to identify all the factors going into your decision-making process before giving the final ok.<\/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\/psychology\/\">psychology<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580136\" 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\/12\/08\/580136\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580136\" class=\"content-area-description single-story post-580136 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>20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p><strong>DECEMBER<\/strong><\/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): <a href=\"https:\/\/www.facebook.com\/NebuGoldExpo\/\">Nebu Expo for Gold and Jewelry<\/a>kicks off.<\/p>\n<p>12 December (Monday): The Egyptian Private Equity Association\u2019s healthcare summit.<\/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>19-20 December (Monday-Tuesday): The Arab Administrative Development Organization\u2019s<a href=\"https:\/\/www.arado.org\/Activity\/Details?Id=537954\">conference on Modern Methods in Hospital Management<\/a>, Cairo.<\/p>\n<p>20 December (Tuesday): EGX-listed Pachin will <a href=\"https:\/\/ent.news\/2022\/11\/Pachin-general-assembly.pdf\">brief shareholders<\/a> on offers received to acquire the company in an ordinary general assembly.<\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/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>January: Infinity + Africa Finance Corporation to close acquisition of Lekela Power.<\/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): President El Sisi will visit India as <a href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/35927\/Chief_Guest_at_Indias_Republic_Day_Celebrations_2023\">\u201cchief guest\u201d at celebrations<\/a>to mark the 74th anniversary of Indian independence.<\/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>End of December\/early January: SFE\u2019s pre-IPO fund <a href=\"https:\/\/www.alborsaanews.com\/2022\/11\/20\/1599698\">to kick off<\/a>roadshow.<\/p>\n<p>4Q 2022: Electricity Ministry to tender six solar projects in Aswan Governorate.<\/p>\n<p>4Q 2022: 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>1Q 2023: 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":580117,"template":"","categories":[],"tags":[],"class_list":["post-580116","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5a4429db-81b1-4404-8cc3-f07c037e3bca","teaser":"","photo_url":"https:\/\/ent.news\/2022\/12\/661.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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