{"id":580536,"date":"2023-01-04T13:45:58","date_gmt":"2023-01-04T13:45:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=580536"},"modified":"2025-12-16T12:28:31","modified_gmt":"2025-12-16T12:28:31","slug":"record-high-cds","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/record-high-cds\/","title":{"rendered":"Record high CDs"},"content":{"rendered":"<section id=\"580538\" 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=\"580538\">\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\/2023\/01\/04\/this-evening-new-25-certificates-from-banque-misr-nbe-pmi-contraction-softened-in-december-pachin-gets-another-suitor\/\">\r\n                            THIS EVENING: New 25% certificates from Banque Misr, NBE + PMI contraction softened in December + Pachin gets another suitor                        <\/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\/2023\/01\/04\/this-evening-new-25-certificates-from-banque-misr-nbe-pmi-contraction-softened-in-december-pachin-gets-another-suitor\/\" 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\/2023\/01\/04\/this-evening-new-25-certificates-from-banque-misr-nbe-pmi-contraction-softened-in-december-pachin-gets-another-suitor\/')\">\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\/2023\/01\/04\/this-evening-new-25-certificates-from-banque-misr-nbe-pmi-contraction-softened-in-december-pachin-gets-another-suitor\/\">\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: New 25% certificates from Banque Misr, NBE + PMI contraction softened in December + Pachin gets another suitor&url=https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/this-evening-new-25-certificates-from-banque-misr-nbe-pmi-contraction-softened-in-december-pachin-gets-another-suitor\/\">\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\/2023\/01\/04\/this-evening-new-25-certificates-from-banque-misr-nbe-pmi-contraction-softened-in-december-pachin-gets-another-suitor\/&title=THIS EVENING: New 25% certificates from Banque Misr, NBE + PMI contraction softened in December + Pachin gets another suitor\">\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+New+25%25+certificates+from+Banque+Misr%2C+NBE+%2B+PMI+contraction+softened+in+December+%2B+Pachin+gets+another+suitor+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F01%2F04%2Fthis-evening-new-25-certificates-from-banque-misr-nbe-pmi-contraction-softened-in-december-pachin-gets-another-suitor%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\/2023\/01\/04\/this-evening-new-25-certificates-from-banque-misr-nbe-pmi-contraction-softened-in-december-pachin-gets-another-suitor\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/597.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580539\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/this-evening-new-25-certificates-from-banque-misr-nbe-pmi-contraction-softened-in-december-pachin-gets-another-suitor\/597-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/597.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"597.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/597.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/597.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580538\" class=\"content-area-description single-story post-580538 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-banking tag-enterprisepm tag-ma-watch tag-pmi tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, friends, and welcome to what has shaped up to be a brisk news day<\/strong>, suggesting the new year lull is good and well behind us.<\/p>\n<p><strong>PSA- Private sector + EGX will be off on Sunday:<\/strong> The private sector will be off next Sunday, 8 January in observance of Coptic Christmas, the Manpower Ministry said in <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0DP8jp4Y3AB1vZp7UJbx42rYVWjYuGZrRMKrBH9K2x14jgP2b5xXrBkZnRTG5KDmnl\">a statement<\/a> today. The EGX will also be closed, the bourse said in <a href=\"https:\/\/ent.news\/2023\/1\/EGX-Coptic-Christmas-2023.jpg\">a separate statement<\/a>, after the Central Bank of Egypt announced yesterday that the nation\u2019s bank will be taking the day off. Prime Minister Moustafa Madbouly had announced the day would be a national holiday earlier this week.<\/p>\n<p><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>#1- State-owned Banque Misr and the National Bank of Egypt (NBE) rolled out one-year<\/strong> <strong>25% savings certificates<\/strong>, according to statements from the two banks (<a href=\"https:\/\/www.facebook.com\/BanqueMisr.1920\/posts\/pfbid02oSR78VXZ9fVAsUnwewAsJPjcZMRCxdC6MRgpU2Fo4icn5nU7SbdWcWLSPD1iuJ6Ul\">here<\/a> and here (<a href=\"https:\/\/ent.news\/2023\/1\/NBE-certificate.pdf\">pdf<\/a>). The two banks previously <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d34fde27-bb5d-4393-8c4d-b149d636663d\">introduced<\/a> one-year, 18% certificates of deposit (CDs) last year on the back of the first EGP devaluation in March, which were suspended <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ccbb6a41-06c6-4816-af30-0782f8606acd\">months later<\/a> on the back of high costs incurred by the banks.<\/p>\n<p><strong>EGP WATCH-<\/strong> The EGP fell today to breach the 26 \/ USD 1 mark at some banks. The currency has now fallen by over 30% against the greenback since late October when the central bank moved to a durably flexible exchange rate, and by over 66% since last March\u2019s devaluation.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>#2- <\/strong><strong>Private sector wraps up the year with softer contraction:<\/strong> Business activity in Egypt\u2019s non-oil private sector continued to contract for the<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ea9cc57-7ea8-406e-baa5-ec52c6e0d631\">25th consecutive month<\/a> in December, albeit at a softer pace than previous months, according to <a href=\"https:\/\/ent.news\/2023\/1\/December-PMI.pdf\">S&P Global\u2019s purchasing managers\u2019 index (pdf)<\/a>. The PMI index rose to 47.2 in December from 45.4 a month earlier, but remained below the 50.0 mark that separates growth from contraction. The continued contraction came on the back of a surging inflation, a weaker EGP and import restrictions.<\/p>\n<p><strong>#3- <\/strong><strong>Everyone wants a piece of Pachin: <\/strong><a href=\"https:\/\/compass-cap.com\/\">Compass Capital<\/a> has become the latest in a long list of companies to express interest in acquiring a majority stake in Paint and Chemical Industries (Pachin) according to a <a href=\"https:\/\/ent.news\/2023\/1\/Pachin-Compas-Capital.pdf\">disclosure to the EGX (pdf)<\/a> from the Financial Regulatory Authority today. Compass has submitted a non-binding offer to purchase between 51-90% of Pachin at EGP 30 a share, becoming the fifth company to express interest in acquiring the regional paint distributor since mid-2022.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Picking up where we left off this morning, the US House Speaker elections are broadly<\/strong><strong> leading the conversation<\/strong> in the international press this afternoon. The story continues to be on the front pages of the <a href=\"https:\/\/www.ft.com\/content\/16fdd88e-f135-4c96-8397-12bc6dff61ab\">Financial Times<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/house-prepares-to-vote-for-speaker-as-kevin-mccarthy-tries-to-rally-support-11672750973\">Wall Street Journal<\/a>, and <a href=\"https:\/\/www.reuters.com\/world\/us\/us-house-republicans-face-showdown-over-mccarthys-speaker-bid-2023-01-04\/\">Reuters<\/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>Qatar has its eye on the Ramses Hilton:<\/strong> Qatar\u2019s Al Kuwari Group <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5dd9956c-65d3-4233-8bdf-08b22080fd39\">has submitted<\/a> an offer to acquire the Ramses Hilton hotel for USD 320 mn.<\/li>\n<li><strong>Gov\u2019t is ready to pull the trigger on listings of shares in four firms:<\/strong> The Madbouly government is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/80374ba2-365a-4fa5-bdc0-7b63eaaca54d\">ready to offer shares<\/a> in four state-owned firms on the EGX and has eight more listings in the pipeline as it looks to reboot its privatization program.<\/li>\n<li><strong>GlobalCorp <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/73e44578-5865-4830-afd9-b0fa9d3442b1\">closed an EGP 1.1 bn issuance<\/a><\/strong><strong> of securitized bonds<\/strong> on 29 December as part of a larger EGP 5 bn program.<\/li>\n<\/ul>\n<div class=\"stand-out\">\n<p><strong>ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help <\/strong><strong>us build some very cool new things.<\/strong> <a href=\"https:\/\/enterprise.press\/\">Enterprise<\/a> \u2014 the essential daily read on what\u2019s happening in business, finance, economics and policy in Egypt and the wider region \u2014 is looking for writers, reporters, and editors to help us build new publications. We're looking for gifted story-tellers from all walks of life and across all professions, as long as they show a keen interest in learning to write about the stories, topics, businesses, and ideas moving markets. Egyptian and foreign nationals alike are welcome to apply.<\/p>\n<p><strong>NEVER WORKED IN A NEWSROOM BEFORE?<\/strong> We have the Enterprise Business Writing Development Program. The four-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists, while also working on and filing stories that will run in our publications. <strong>Those who successfully complete the program will then be offered full-time positions on staff.<\/strong><\/p>\n<p><strong>During the program you will learn:<\/strong><\/p>\n<ul>\n<li><strong>The key news stories and trends shaping business<\/strong> and the economy in Egypt and the region, across various sectors;<\/li>\n<li><strong>Business and finance for non-finance people:<\/strong> Whether it's industry jargon, key concepts, or simply how to read a an income statement;<\/li>\n<li><strong>How to construct an Enterprise story:<\/strong> From idea formulation down to the structure, style, and tone of writing;<\/li>\n<li><strong>The ins and outs of a newsroom, <\/strong>including how to develop sources that will give you the key insights needed to tell a complete story;<\/li>\n<li><strong>How to communicate these stories<\/strong> with the confidence and language of an insider.<\/li>\n<\/ul>\n<p><strong>Apply directly to <\/strong><strong><a href=\"mailto:jobs@enterprisemea.com\">jobs@enterprisemea.com<\/a><\/strong><strong> and mention \u201cwriting development program\u201d in your subject line.<\/strong><\/p>\n<\/div>\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 key news triggers as we start a new month:<\/strong><\/p>\n<ul>\n<li><strong>Inflation<\/strong> figures for <strong>December<\/strong> will be released on <strong>Tuesday, 10 January<\/strong>.<\/li>\n<li>The<strong> national dialogue<\/strong> will kick off on <strong>Saturday, 14 January<\/strong>.<\/li>\n<li>The government\u2019s <strong>fuel pricing committee <\/strong>will meet this month to <strong>decide quarterly fuel prices<\/strong>.<\/li>\n<li>Global movers and shakers will descend on <strong>Davos<\/strong> for the<strong> World Economic Forum\u2019s annual meetings<\/strong> on <strong>16-20 January<\/strong>.<\/li>\n<li>The <strong>IMF<\/strong> will publish an <strong>updated World Economic Outlook<\/strong> towards the end of the month.<\/li>\n<\/ul>\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 sunny day tomorrow with a daytime high of 19\u00b0C tomorrow and a nighttime low of 10\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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580540\" 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=\"580540\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/580540\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580540\" class=\"content-area-description single-story post-580540 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 data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1600-x-768.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=\"580541\" 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=\"580541\">\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\/2023\/01\/04\/health-spans-not-just-life-spans-are-getting-longer-streaming-players-are-trimming-spending-on-new-original-content-creation\/\">\r\n                            Health spans \u2014 not just life spans \u2014 are getting longer + Streaming players are trimming spending on new original content creation                        <\/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 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class=\"content-area-description single-story post-580541 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-enterprisepm tag-for-your-commute tag-health tag-media tag-science 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>Meet the longevity startups trying to prolong not just lifespans but also healthspans \u2014<\/strong><strong> the number of healthy years we live:<\/strong> After a promising UK trial, Nir Barzilai, director of the Institute for Aging Research at New York\u2019s Albert Einstein College of Medicine, intends to conduct a trial to determine whether the affordable generic diabetes med metformin can prolong life and health spans, <a href=\"https:\/\/www.ft.com\/content\/649b0446-698c-4363-82ad-0be5b5faa68f\">the Financial Times<\/a> reports. His trial can take anywhere between 4-6 years and cost between USD 50-75 mn. Barzilai has raised USD 22 mn so far and is still seeking further funding, which has been difficult since healthcare investors want short-term returns and governments place a high priority on disease research.<\/p>\n<p><strong>Tech b\u2019naires have chipped in to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/782adf64-8cb4-4b59-b593-d0ffa0c8578e\">fill this gap<\/a><\/strong><strong> in funding, but that brings with a host of<\/strong><strong> ethical concerns:<\/strong> B\u2019naires including Jeff Bezos, Israeli entrepreneur Yuri Milner, and Google co-founders Larry Page, and Sergey Brin, through Alphabet are supporting approaches that fuse business and academia, without being constrained by the need for quick returns. Their financial support has helped startups such as <a href=\"https:\/\/altoslabs.com\/\">Altos Labs<\/a>, which was founded at the beginning of 2022 and is now one of the most widely known well-funded longevity startups. <a href=\"https:\/\/www.calicolabs.com\/\">Calico Life Sciences<\/a>, a 2013 startup owned by Alphabet, was one of the first of these startups established and now has three products in early clinical trials. Ethicists say that, as wealth and political influence see compound growth over time, creating longer life and health spans could potentially further widen the wealth gap between the rich and the poor over the long term.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Turbulent times for the broadcast and streaming industry:<\/strong> Analysts are expecting 2023 to be a year of sluggish growth for the media industry amid the global economic downturn and dwindling numbers of advertisements, <a href=\"https:\/\/www.ft.com\/content\/d9a7cded-d43f-4d89-9271-44bf6516d476\">Financial Times<\/a> reports. Streaming platforms are expected to trim their spending on original content this year, with analysts expecting to see spending growth on this budget item growing just 2% y-o-y in 2023, down four percentage points from last year, marking the slowest rate of growth in 10 years. Streaming services are struggling to attract new subscribers, which is being made more difficult with the cutbacks on original content, the salmon-colored paper notes. This comes after the global media industry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/02dfd81a-f65d-4453-99e6-fb1e152358ff\">was one of the hardest-hit sectors last year<\/a>, with a combined USD 500 bn wiped off the market value of the biggest companies.<\/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\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/media\/\">media<\/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=\"580543\" 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=\"580543\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/580543\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580543\" class=\"content-area-description single-story post-580543 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 data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/Palm-Hills-The-Crown-web-dec-22.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=\"580544\" 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=\"580544\">\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\/2023\/01\/04\/the-rise-and-fall-of-the-man-behind-wall-streets-biggest-ever-ponzi-scheme\/\">\r\n                            The rise and fall of the man behind Wall Street\u2019s biggest-ever Ponzi scheme                        <\/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\/2023\/01\/04\/the-rise-and-fall-of-the-man-behind-wall-streets-biggest-ever-ponzi-scheme\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The series highlights Madoff\u2019s career trajectory, his crimes, the co-conspirators that enabled him to orchestrate the USD 64 bn Ponzi scheme, and the lives he upended in the process. The story is told through interviews with whistleblowers, employees, investigators, and victims, re-enactments and never-before-seen footage from Madoff\u2019s video depositions, given during victim lawsuits in 2016-2017.<\/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=\"580549\" 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 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class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/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-enqkmn1\" data-v=\"4\" data-block-id=\"enqkmn1\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-enqkmn1-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-enqkmn1-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" 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256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580550\" 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=\"580550\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/what-the-markets-are-doing-on-4-january-2023\/\">\r\n                            What the markets are doing on 4 January, 2023                        <\/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\/2023\/01\/04\/what-the-markets-are-doing-on-4-january-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li 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href=\"https:\/\/api.whatsapp.com\/send?text=What+the+markets+are+doing+on+4+January%2C+2023+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F01%2F04%2Fwhat-the-markets-are-doing-on-4-january-2023%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\/2023\/01\/04\/what-the-markets-are-doing-on-4-january-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580550\" class=\"content-area-description single-story post-580550 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 rose 3.25% at today\u2019s close<\/strong> on turnover of EGP 3.51 bn (125.7% above the 90-day average). Foreign investors were net sellers. The index is up 6.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>Alexandria Container and Cargo Handling (+10.4%), Abu Qir Fertilizers (+9.6%) and Sidi Kerir Petrochemicals (+8.0%).<\/p>\n<p><strong>In the red: <\/strong>Juhayna (-3.3%), Ibnsina Pharma (-2.7%) and Madinet Nasr Housing (-1.1%).<\/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\/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=\"580551\" 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=\"580551\">\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\">BEAUTY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/want-a-new-insecurity-introducing-buccal-fat\/\">\r\n                            Want a new insecurity? Introducing buccal fat                        <\/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\/2023\/01\/04\/want-a-new-insecurity-introducing-buccal-fat\/\" 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\/2023\/01\/04\/want-a-new-insecurity-introducing-buccal-fat\/')\">\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\/2023\/01\/04\/want-a-new-insecurity-introducing-buccal-fat\/\">\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=Want a new insecurity? Introducing buccal fat&url=https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/want-a-new-insecurity-introducing-buccal-fat\/\">\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\/2023\/01\/04\/want-a-new-insecurity-introducing-buccal-fat\/&title=Want a new insecurity? Introducing buccal fat\">\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=Want+a+new+insecurity%3F+Introducing+buccal+fat+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F01%2F04%2Fwant-a-new-insecurity-introducing-buccal-fat%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\/2023\/01\/04\/want-a-new-insecurity-introducing-buccal-fat\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/600.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580552\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/want-a-new-insecurity-introducing-buccal-fat\/600-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/600.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"600.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/600.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/600.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580551\" class=\"content-area-description single-story post-580551 post type-post status-publish format-standard has-post-thumbnail hentry category-beauty tag-beauty tag-enterprisepm tag-health tag-social-media 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-03\"><\/a> <strong>The internet has managed to breed yet another insecurity in people: Their buccal fat.<\/strong> You\u2019re probably wondering how people can be insecure about something that you\u2019ve never even heard of \u2014 and you\u2019re not alone. \u201cHow are they still inventing new flaws for us?\u201d <a href=\"https:\/\/twitter.com\/jzux\/status\/1602680831985815552\">one Twitter user<\/a> inquired. Buccal fat (pronounced buckle) is the fat pad located in the cheeks that can make some faces appear rounder. Some people have naturally defined cheekbones and more sculpted faces, \u201cwhile some others have more cherubic faces\u201d sometimes referred to as \u201cchipmunk cheeks,\u201d New York facial plastic surgeon Andrew Jacono explains, according to the <a href=\"https:\/\/www.nytimes.com\/2022\/12\/16\/style\/buccal-fat-removal-tiktok-plastic-surgery.html\">New York Times<\/a>. Buccal fat removal procedures involve removing part of patients\u2019 buccal fat to give them the same appearance achieved by sucking through a straw \u2014 the same look people strive to create when contouring below the cheeks with makeup.<\/p>\n<p><strong>Why is buccal fat even a topic of conversation? <\/strong>It became a hot topic on the internet in recent weeks after social media users began speculating that certain celebrities may have removed some of their buccal fat for more defined cheekbones. This <a href=\"https:\/\/www.instagram.com\/p\/CmFRRQNubCo\/?hl=en\">selfie<\/a> actress Lea Michele posted on her Instagram, showcasing her exceptionally chiseled face, spurred a lot of speculation. Former supermodel Chrissy Teigen has been more vocal about the beauty trend, saying in a video posted to her Instagram page, \u201cI did that buccal fat removal thing here,\u201d and tagged her Beverly Hills plastic surgeon, <a href=\"https:\/\/people.com\/health\/chrissy-teigen-buccal-fat-removal-plastic-surgeon-breaks-down-the-procedure\/\">Jason Diamond<\/a>.<\/p>\n<p><strong>It\u2019s not just celebrities that are getting in on this elective procedure: <\/strong>\u201cI\u2019m doing three times as many buccal fat reductions this year than I was five years ago,\u201d said Jacono, who charges USD 40k for the procedure. The procedure usually costs somewhere in the USD7k-16k range, according to other plastic surgeons. For London plastic surgeon Yannis Alexandrides, buccal fat removal was the third most popular procedure in 2022, after rhinoplasty and liposuction, <a href=\"https:\/\/www.independent.co.uk\/life-style\/buccal-fat-removal-face-chrissy-teigen-b2249823.html\">The Independent<\/a> reports.<\/p>\n<p><strong>Other plastic surgeons have refused to perform the procedure because cheeks naturally<\/strong><strong> hollow as we age.<\/strong> Those who have undergone the procedure risk looking extremely malnourished or sunken as they age and their cheeks lose fat and collagen. The procedure is also difficult to reverse and attempting to do so requires several additional procedures. Beauty standards seldom last long, and trends are fickle by definition: The bushy brow look that actress Cara Delevinge is widely credited with instigating has already been traded for a thinner brow look. And celebrities who once <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/458b398f-2a46-4baa-b1e7-17b3bd708ef0\">boasted their curvy figures<\/a> have now lost dramatic amounts of weight as the trend swings towards being skinny. Those who undergo the relatively permanent buccal fat removal procedure risk being left behind when the trend shifts again.<\/p>\n<p><strong>It\u2019s also not without its health risks: <\/strong>Bleeding is the main risk associated with the surgery, an official from the American Society of Plastic Surgeons told the New York Times. Nerve injury, incision infection, facial numbness, and ending up with an asymmetrical face are all also potential risks, according to the <a href=\"https:\/\/my.clevelandclinic.org\/health\/treatments\/23396-buccal-fat-removal\">Cleveland Clinic<\/a>.<\/p>\n<p><strong>So if it all seems so negative, where did this trend come from? <\/strong>Social media is often blamed for encouraging people to seek out plastic surgery but Tunc Tiryaki, a consultant plastic surgeon at London\u2019s Cadogan Clinic, has identified one feature in specific: Filters. He believes Instagram and Snapchat filters \u2014 which are often designed to make faces look more chiseled and V-shaped \u2014 have contributed to the rise in buccal fat removals, <a href=\"https:\/\/www.independent.co.uk\/life-style\/buccal-fat-removal-face-chrissy-teigen-b2249823.html\">the Independent<\/a> reports. \u201cWhen you come back to reality, of course, this doesn\u2019t correspond with our real anatomy,\u201d he explains. Celebrities who appear to have gotten the surgery are also blamed for giving rise to the trend.<\/p>\n<p><strong>Damned if they do and damned if they don\u2019t: <\/strong>It\u2019s easy to point the finger at celebrities for fueling cosmetic surgery trends, as they have a bad rep of promoting unattainable beauty standards. While the stigma around plastic surgery has, in many ways, decreased in recent years, many celebrities still shy away from admitting they\u2019ve gotten work done. However, celebrities that have been open about the cosmetic procedures they\u2019ve undergone are accused of promoting plastic surgery to some of their more impressionable fans, many of whom are young women and teenage girls. On the flipside those that refute claims of having procedures done or simply remain tight lipped about it are slammed for holding up unrealistic standards.<\/p>\n<p><strong>So who can we blame for coming up with these difficult to achieve, fleeting beauty<\/strong><strong> standards? <\/strong>Beauty reporter Jessica Defino has identified four suspects: \u201cPatriarchy, white supremacy, colonialism, and capitalism, <a href=\"https:\/\/www.refinery29.com\/en-us\/buccal-fat-nose-gap-beauty-standards\">Refinery29<\/a> reports. You can blame them for trends from the fox eye lift to brazilian butt lifts peaking and then going out of style. The trends dying out has triggered a conversation about what it means when body types and facial features associated with different ethnic groups are no longer trending? \u201cAs a Black woman, seeing these predominantly white creators discuss the body type that I grew up seeing on my family and idolized within Jamaican communities cited as a trend feels like a form of erasure,\u201d a woman told Refinery29.<\/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\/beauty\/\">Beauty<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/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=\"580553\" 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\/2023\/01\/04\/580553\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580553\" class=\"content-area-description single-story post-580553 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>JANUARY<\/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>January: Global Auto to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/feba3115-5fdb-4cdf-bf31-aa0284dd48b0\">restart BMW assembly<\/a> in Egypt.<\/p>\n<p>7 January (Saturday): Coptic Christmas.<\/p>\n<p>8 January (Sunday): National holiday in observance of Coptic Christmas.<\/p>\n<p>16-20 January (Monday-Friday): <a href=\"https:\/\/www.weforum.org\/events\/\">Davos 2023<\/a>.<\/p>\n<p>24 January-6 February: 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 (TBC).<\/p>\n<p>30 January-1 February (Monday-Wednesday): CI Capital\u2019s Annual MENA Investor Conference 2023, Cairo, Egypt.<\/p>\n<p><strong>FEBRUARY<\/strong><\/p>\n<p>2 February (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/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 <\/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>30 March (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>APRIL <\/strong><\/p>\n<p>1 April (Saturday): Deadline for banks to establish sustainability units.<\/p>\n<p>10-16 April (Monday-Sunday): IMF \/ World Bank Spring Meetings, Marrakesh, Morocco.<\/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>30 April (Sunday): Deadline for self-employed to register for e-invoicing.<\/p>\n<p>30 April (Sunday): End of Mediterranean, Nile Delta oil + gas exploration tender.<\/p>\n<p>Late April \u2013 15 May: 1Q2023 earnings season.<\/p>\n<p><strong>MAY <\/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>4 May (Thursday): <a href=\"https:\/\/www.ief.org\/events\/8th-ief-igu-ministerial-gas-forum\">IEF-IGU Ministerial Gas Forum<\/a>, Cairo.<\/p>\n<p>18 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/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 new Board of Governors,from 22-26 May 2023.\">will host<\/a> the African Development Bank (AfDB) annual meetings in Sharm El Sheikh.<\/p>\n<p><strong>JUNE <\/strong><\/p>\n<p>10 June (Saturday): Thanaweya Amma examinations <a href=\"https:\/\/moe.gov.eg\/what-s-on\/news\/dates-for-the-exams\/\">begin<\/a>.<\/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>22 June (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/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 <\/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>AUGUST <\/strong><\/p>\n<p>3 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>SEPTEMBER <\/strong><\/p>\n<p>21 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/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 <\/strong><\/p>\n<p>6 October (Friday): Armed Forces Day.<\/p>\n<p>Late October-14 November: 3Q2023 earnings season.<\/p>\n<p><strong>NOVEMBER <\/strong><\/p>\n<p>2 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>DECEMBER <\/strong><\/p>\n<p>21 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/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>End of 2022: Decent Life first phase scheduled for completion.<\/p>\n<p>2023: The inauguration of the Grand Egyptian Museum.<\/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: Egypt + Qatar to launch joint business forum.<\/p>\n<p>1Q 2023: FRA to introduce <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/677d7076-0142-4ba8-9bee-b1d82926f380\">new rules<\/a> for short selling.<\/p>\n<p>1Q 2023: 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":580537,"template":"","categories":[],"tags":[],"class_list":["post-580536","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1f9ff5c7-818b-453c-89d4-85985b76c532","teaser":"","photo_url":"https:\/\/ent.news\/2023\/1\/596.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Record high CDs - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/record-high-cds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record high 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