{"id":580589,"date":"2023-01-09T13:18:58","date_gmt":"2023-01-09T13:18:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=580589"},"modified":"2025-12-16T12:29:47","modified_gmt":"2025-12-16T12:29:47","slug":"not-another-ever-given","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/not-another-ever-given\/","title":{"rendered":"Not another Ever Given"},"content":{"rendered":"<section id=\"580591\" 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=\"580591\">\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\/09\/this-evening-madbouly-instructs-ministries-to-cut-down-on-spending-cargo-vessel-briefly-stalls-in-the-suez-canal\/\">\r\n                            THIS EVENING: Madbouly instructs ministries to cut down on spending + Cargo vessel briefly stalls in the Suez Canal                        <\/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\/09\/this-evening-madbouly-instructs-ministries-to-cut-down-on-spending-cargo-vessel-briefly-stalls-in-the-suez-canal\/\" 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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Under the new measures, ministries and their relevant authorities will have 21 days to submit reports detailing the portion of the budget they intend to rationalize and freeze until the end of the fiscal year.<\/p>\n<p><strong>Not another Ever Given:<\/strong> A cargo vessel that briefly ran aground in the Suez Canal earlier this morning has been refloated, shipping agency Leth Agencies announced in a <a href=\"https:\/\/twitter.com\/AgenciesLeth\/status\/1612356351648468992\">tweet<\/a>. The 225-meter MV Glory, which was sailing to China from Turkey, <a href=\"https:\/\/bit.ly\/3IzbAz3\">was refloated<\/a> by Suez Canal Authority (SCA) tugs, the agency said.<\/p>\n<p><strong>Technical failure to blame:<\/strong> The M\/V Glory which ran aground while joining a northern convoy near Al Qantarah suffered a \u201csudden technical failure\u201d when it was 38 km into its journey northwards through the waterway, SCA chairman Osama Rabie said in an earlier <a href=\"https:\/\/www.suezcanal.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/SCA_9-1-2023.aspx\">statement<\/a>. Shipping navigation was not affected, he stressed, with the M\/V Glory being towed by the authority\u2019s tugboats. The cargo vessel\u2019s brief incident got coverage from most foreign media outlets: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-09\/ship-grounded-in-egypt-s-suez-canal-says-leth-agencies\">Bloomberg<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/firm-says-cargo-vessel-ran-aground-in-egypts-suez-canal\/2023\/01\/09\/2b9599d8-8fe9-11ed-90f8-53661ac5d9b9_story.html\">AP<\/a>| <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/bulker-runs-aground-suez-canal-while-joining-southbound-convoy-shipping-agency-2023-01-09\/\">Reuters<\/a> | <a href=\"https:\/\/www.cnbc.com\/2023\/01\/09\/bulk-carrier-ship-glory-grounded-in-suez-canal-says-shipping-agency.html\">CNBC<\/a><\/p>\n<p><strong>Flashback 2021:<\/strong> The Suez Canal was blocked for nearly a week after the 400-meter Ever Given ran aground, blocking the vital global shipping lane and disrupting shipping traffic. The SCA was successful in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dadbd6d3-070d-4c92-a080-62ebf8ceced1\">refloating it<\/a>days later, reaching a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7338a482-1d8a-4ede-8eb7-7ff758f0fae2\">compensation agreement<\/a> months in July 2021 with its operators and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38a800e5-6816-41af-92d0-4f956e90d741\">allowing it to depart<\/a>after settling a three-month dispute on who was to blame for the incident. Since then, similar yet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/89bedb72-a77a-4753-9dca-7e09a070cf88\">minor incidents<\/a> have occurred.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Brazil\u2019s riots continue to lead the conversation in the international business press this<\/strong><strong> afternoon<\/strong>, with riot police deployed to Brasilia\u2019s streets arresting hundreds of people after they stormed the country\u2019s Congress building last night. The rioters were protesting against what they claim are rigged election results, which saw returning president Luiz In\u00e1cio Lula da Silva defeat rightwing former president Jair Bolsonaro. The story is on the front pages of the <a href=\"https:\/\/www.ft.com\/content\/313d1eff-0ca0-4a32-9371-a583a17373a2\">Financial Times<\/a>, the <a href=\"https:\/\/www.wsj.com\/livecoverage\/brazil-protests-bolsonaro-congress?mod=hp_lead_pos5\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/americas\/brazil-investigates-who-led-anti-democratic-riots-capital-2023-01-09\/\">Reuters<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-08\/pro-bolsonaro-rioters-breach-into-congress-presidential-palace?srnd=premium-middle-east\">Bloomberg<\/a>, and <a href=\"https:\/\/www.cnbc.com\/2023\/01\/09\/brazil-stocks-set-to-slide-as-world-leaders-condemn-pro-bolsonaro-riots.html\">CNBC<\/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>The newly released 25% certificates of deposit <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a0bcb65-383b-4688-8e3e-61882509e3bc\">have raked in<\/a><\/strong><strong> almost EGP 100 bn<\/strong> in a matter of days \u2014 and the two state banks offering them have reportedly secured a major loan to meet local demand for hard currency.<\/li>\n<li><strong>GASC puts out a fresh international wheat tender:<\/strong> State grain buyer GASC has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9633b334-fab1-4079-8cce-a635747d7a09\">launched an international tender<\/a> to purchase 30k-60k tons of wheat on a cost and freight basis for February delivery.<\/li>\n<li><strong>EGX looks to forge closer ties with Gulf counterparts:<\/strong> EGX officials are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b2f74e7c-549f-4670-97bf-5c02106019f2\">reportedly mulling<\/a> onboarding the EGX to the Gulf\u2019s Tabadul regional exchange hub.<\/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>HAPPENING THIS WEEK -<\/strong><\/p>\n<p><strong>Chinese Foreign Minister Qin Gang will visit Egypt as part of a trip to Africa beginning<\/strong><strong> today<\/strong>, the Chinese Foreign Ministry announced on its <a href=\"https:\/\/www.fmprc.gov.cn\/mfa_eng\/zxxx_662805\/202301\/t20230109_11004398.html\">website<\/a>. The trip will see Qin visit Egypt, Ethiopia, Gabon, Angola, and Benin from today until next Monday, January 16, the statement said, without specifying his exact agenda or when he will be landing in each country.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The national dialogue<\/strong> will kick off on Saturday, 14 January.<\/p>\n<p><strong>Global movers and shakers will descend on Davos for the World Economic Forum\u2019s <\/strong><strong>annual meetings<\/strong> on <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\">16-20 January<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re in for a sunny day tomorrow after a gloomy couple of days. Temperatures in Cairo will hit 20\u00b0C tomorrow during the day before falling to 11\u00b0C at night, our favorite weather app tells us.<\/p>\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\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\/madbouly-cabinet\/\">Madbouly Cabinet<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/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=\"580593\" 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=\"580593\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/580593\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580593\" class=\"content-area-description single-story 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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\/09\/get-yourself-a-funky-job-title-are-we-ever-going-to-say-goodbye-to-supply-chain-snarls\/\">\r\n                            Get yourself a funky job title + Are we ever going to say goodbye to supply chain snarls?                        <\/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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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/618.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"618.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/618.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/618.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580594\" class=\"content-area-description single-story post-580594 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-enterprisepm tag-for-your-commute tag-office-life tag-supply-chain 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>Fitness fanatics are taking their workouts to the next level with whole-body electrical<\/strong><strong> muscle stimulation suits:<\/strong> The leotard-like EMS suit is meant to work the muscles in much less time than a regular workout through direct skin contact, with some supporters saying the suits can yield the same results in a much shorter time per workout, according to the <a href=\"https:\/\/www.wsj.com\/articles\/would-you-zap-yourself-with-electricity-to-get-into-shape-11673144423\">Wall Street Journal<\/a>. The suits actually aren\u2019t a new invention \u2014 EMS suits were developed some 20 years ago, but companies are now starting to provide the devices for home use, according to sports scientists and entrepreneurs.<\/p>\n<p><strong>So far, research results on EMS workouts are mixed:<\/strong> Although some research suggested that workouts conducted with an EMS suit led to better results in \u201cwaist and hip measurements, cholesterol levels, aerobic capacity and other indicators of cardiac health\u201d than those done without stimulation, some scientists still argue that it could lead to muscle damage and burns. Some studies <a href=\"https:\/\/www.frontiersin.org\/articles\/10.3389\/fpubh.2022.982062\/full\">claim<\/a> that it has a greater positive impact on <a href=\"https:\/\/www.researchgate.net\/publication\/366615792_Electromyostimulation_Exercise_with_Diet_Program_is_More_Effective_on_Body_Composition_than_its_Exercise_without_Diet\">body composition<\/a> and reducing fat, while others fought the notion saying that more research is needed to affirm the benefits, according to the WSJ. Moreover, in Europe, many studies have tracked traces of \u201cserious medical conditions, including at least seven cases of <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC4365849\/\">rhabdomyolysis<\/a>, and worn out muscles that have released damaging substances to the heart and kidneys.\u201d<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Say hello to the latest work trend: Fun, unconventional job titles. <\/strong>Traditional job titles are evolving with the times in many industries \u2014 especially creative ones \u2014 as companies look to broaden some roles while portraying a modern, progressive company culture, <a href=\"https:\/\/www.bbc.com\/worklife\/article\/20230104-inventing-new-job-titles\">BBC<\/a> reports. New titles like \u201cchief visionary officer,\u201d \u201cchief innovation evangelist\u201d and \u201cbusiness development guru\u201d have been cropping up across sectors, as recruiters look to rebrand jobs in hopes of attracting fresh talent, especially during a tight labor market, Pawel Adrjan, director of EMEA economic research at hiring platform Indeed, tells BBC. The new, flashy job titles can also help make employees feel more valued due to their specificity, Adrjan said. Some aspects of job titles also reflect the evolving nature of work, as in the case of \u201cpeople\u201d replacing \u201chuman resources,\u201d and \u201ctalent acquisition\u201d replacing \u201crecruitment\u201d \u2014 which are all signs of work lingo becoming more sensitive and respectful of workers.<\/p>\n<p><strong>But some say these new titles can be dangerous: <\/strong>Nontraditional titles can be vague and ambiguous, which can offer little guidance into what employees\u2019 roles entail, Adrjan said. They can also hinder workers\u2019 ability to find new roles that suit them, and can prevent recruiters \u2014 who are usually searching for specific titles \u2014 from finding them, he adds. This could, in the long run, affect equity and diversity in recruitment, which needs \u201cclear career ladders, pathways and salaries,\u201d Adrjan warned.<\/p>\n<hr class=\"grey-line\">\n<p><strong>It\u2019s shaping up to be another year of supply chain bottlenecks: <\/strong>Port workers all over the world have been speaking out against their unchanging wages despite rising inflation hitting food and fuel prices \u2014 hurting already fragile global supply chains, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-09\/labor-disruptions-at-world-s-ports-quadruple-as-discontent-grows?srnd=premium-middle-east\">Bloomberg<\/a> writes. Most recently, there was a nationwide strike of <a href=\"https:\/\/crisis24.garda.com\/alerts\/2023\/01\/portugal-nationwide-port-administration-employees-strike-ongoing-jan-2\">port administration employees in Portugal<\/a>, which is set to last until the end of the month. Last year saw over 38 port disturbances on the back of employee protests or strikes, up four times from the 2021 figure, according to maritime security consultancy <a href=\"https:\/\/crisis24.garda.com\/\">Crisis24<\/a>. \u201cLabor unrest is unlikely to decrease going into 2023, and may in fact worsen in the likely event that global economic conditions do not improve,\u201d Bloomberg quotes a Crisis24 spokesman as saying. This comes as global supply chains continue to feel the heat from covid-19 and its new variants, which is giving employees the upper hand when negotiating their contracts.<\/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\/office-life\/\">office life<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-chain\/\">supply chain<\/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=\"580596\" 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=\"580596\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/580596\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580596\" class=\"content-area-description single-story post-580596 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=\"580597\" 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=\"580597\">\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\/09\/shark-tank-egypt-gets-off-to-an-exciting-start\/\">\r\n                            Shark Tank Egypt gets off to an exciting start                        <\/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\/09\/shark-tank-egypt-gets-off-to-an-exciting-start\/\" 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\/09\/shark-tank-egypt-gets-off-to-an-exciting-start\/')\">\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\/09\/shark-tank-egypt-gets-off-to-an-exciting-start\/\">\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=Shark Tank Egypt gets off to an exciting start&url=https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/shark-tank-egypt-gets-off-to-an-exciting-start\/\">\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\/09\/shark-tank-egypt-gets-off-to-an-exciting-start\/&title=Shark Tank Egypt gets off to an exciting start\">\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=Shark+Tank+Egypt+gets+off+to+an+exciting+start+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F01%2F09%2Fshark-tank-egypt-gets-off-to-an-exciting-start%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\/09\/shark-tank-egypt-gets-off-to-an-exciting-start\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/619.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580598\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/shark-tank-egypt-gets-off-to-an-exciting-start\/619-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/619.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"619.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/619.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/619.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580597\" class=\"content-area-description single-story post-580597 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-05\"><\/a> <strong>The series premiere of Egypt\u2019s version of <\/strong><strong><a href=\"https:\/\/impco.me\/SharktankMasr\">Shark Tank<\/a><\/strong><strong> kicked off with a bang with two<\/strong><strong> startups giving up significant stakes in their companies in exchange for funding. <\/strong>The local version of the hit TV show showcases entrepreneurs pitching their projects and products to a panel of accomplished businessmen and investors (sharks) with the aim of securing an investment. The sharks: Egyptian Chinese Drilling Company founder Ayman Abbas; President and CEO of El Sewedy Electric <a href=\"https:\/\/www.linkedin.com\/in\/ahmed-elsewedy-a16132194\/\">Ahmed El Sewedy<\/a>; Chairman and CEO of Mobica Designs Mohamed Farouk; founder and CEO of online shopping platform MITCHA <a href=\"https:\/\/www.linkedin.com\/in\/hilda-louca-06074a20\/\">Hilda Louca<\/a>; co-founder and CEO of Infinity Solar and Managing Director of McDonald\u2019s Egypt <a href=\"https:\/\/www.linkedin.com\/in\/mohamed-i-mansour-99600479\/\">Mohamed Ismail Mansour<\/a>; and CEO and managing director of Madinat Nasr for Housing and Development <a href=\"https:\/\/www.linkedin.com\/in\/m-abdallah-sallam-6a6aa018\/\">Abdullah Sallam<\/a>. The first episode featured a diverse group of companies vying for funding: Health food startup <a href=\"https:\/\/www.instagram.com\/countrys.eg\/?hl=en&__coig_restricted=1\">Country\u2019s<\/a>, <a href=\"https:\/\/www.facebook.com\/habu.arts\/\">Habu Arts<\/a>, a handmade Alabaster home accessories producer,virtual commerce platform <a href=\"https:\/\/stepinside.me\/\">StepInside<\/a>, and poultry agritech\/fintech platform <a href=\"https:\/\/www.dajin-platform.com\/\">Dajin<\/a>. New episodes air every Saturday at 9pm exclusively on CBC and WATCH IT.<\/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=\"580602\" 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 !important;}<\/style>\r\n           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markets are doing on 9 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\/09\/what-the-markets-are-doing-on-9-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 class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Regional investors were net sellers. The index is up 10.3% YTD.<\/p>\n<p><strong>In the green: <\/strong>Qalaa Holdings (+6.3%), Credit Agricole Egypt (+3.7%) and CIB (+2.2%).<\/p>\n<p><strong>In the red: <\/strong>Juhayna (-3.2%), GB Auto (-3.0%) and CIRA Education (-2.2%).<\/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=\"580604\" 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=\"580604\">\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\">Macro picture<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/what-will-impact-emerging-markets-in-2023\/\">\r\n                            What will impact emerging markets in 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\/09\/what-will-impact-emerging-markets-in-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 class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/what-will-impact-emerging-markets-in-2023\/')\">\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\/09\/what-will-impact-emerging-markets-in-2023\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What will impact emerging markets in 2023?&url=https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/what-will-impact-emerging-markets-in-2023\/\">\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\/09\/what-will-impact-emerging-markets-in-2023\/&title=What will impact emerging markets in 2023?\">\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=What+will+impact+emerging+markets+in+2023%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F01%2F09%2Fwhat-will-impact-emerging-markets-in-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\/09\/what-will-impact-emerging-markets-in-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/620.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580605\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/what-will-impact-emerging-markets-in-2023\/620-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/620.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"620.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/620.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/620.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580604\" class=\"content-area-description single-story post-580604 post type-post status-publish format-standard has-post-thumbnail hentry category-macro-picture tag-debt tag-emerging-markets tag-enterprisepm tag-gdp tag-inflation tag-interest-rates tag-macro-picture tag-russia-ukraine-conflict 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>Last year was a tough one for emerging markets. What will 2023 bring? <\/strong>Emerging markets had a rough ride last year. Aggressive monetary tightening led by the US Federal Reserve combined with inflation and commodities shocks to bring currency woes, losses in stocks and bonds, and even debt defaults for some EMs. With economists still warning of global recession threats around the corner, what does this year have in store for already struggling EMs?<\/p>\n<p><strong>The bulls are gaining strength: <\/strong>Things may have seemed bleak for many EM countries lately, but optimists have not been deterred by the trials of 2022. In fact, their ranks are swelling: Rising positive sentiment during 4Q 2022 led to bulls outnumbering bears on EM assets for the first time in 1.5 years by December, according to an HSBC poll picked up by <a href=\"https:\/\/www.reuters.com\/markets\/em-bulls-outnumber-bears-first-time-since-july-2021-hsbc-survey-2022-12-14\/\">Reuters<\/a>. Of the 118 institutional investors surveyed, 29% said they were bullish on the asset class over the next three months, almost double the number in the previous survey in September. Investors harboring a bearish outlook fell to 18% from 41% previously.<\/p>\n<p><strong>The state of EM debt:<\/strong> In 2022, 25% of EM countries and more than 60% of low-income nations were <a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2022\/09\/14\/tr091322-cgd-transcript\">on the edge of debt distress<\/a>, while Sri Lanka and Ghana were among EMs that fell off that edge and into default. Many EM countries looked to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a113cd03-ebcc-4d0c-b14a-74292dcc40f7\">alternative forms of debt relief<\/a> amid tough times last year, including borrowing from private banks or non-governmental sources \u2014 which entails serious drawbacks from shorter payback times to higher interest rates and difficulty in negotiating or rescheduling payments. That said, \u201cthere's not actually a lot of debt maturing next year,\u201d one EM analyst tells <a href=\"https:\/\/www.reuters.com\/markets\/emerging\/what-investors-watch-out-emerging-markets-2023-2022-12-28\/\">Reuters<\/a>, adding that Pakistan is the country \u201cprobably most at risk\u201d of a 2023 default.<\/p>\n<p><strong>A softer USD? <\/strong>With the Federal Reserve poised to slow \u2014 and perhaps even halt \u2014 its tightening cycle, the greenback should weaken further this year following a surge in 2022, <a href=\"https:\/\/www.morganstanley.com\/ideas\/emerging-markets-outlook-2023-stocks-rally\">writes<\/a> Lisa Shalett, chief investment officer at Morgan Stanley\u2019s wealth management unit. This will provide much-needed relief to EM countries whose currencies and debt positions have come under pressure from the stronger USD. That said, any recovery in EMs will be curtailed if persistent inflation forces the Fed to continue raising rates for longer and the greenback remains strong.<\/p>\n<p><strong>China\u2019s re-emergence:<\/strong> The Chinese economy is expected to rebound this year on the back of Beijing\u2019s decision to drop its zero-covid policy. A <a href=\"https:\/\/asia.nikkei.com\/Economy\/China-s-GDP-growth-to-accelerate-to-4.7-in-2023-Nikkei-survey\">Nikkei survey<\/a> of 37 analysts and economists is predicting the economy to grow 4.7% this year, up from 3.0% in 2022, as the government relaxes its strict virus curbs. A pick-up in demand in China will be good news for emerging economies, particularly commodity exporters, for whom China is one of their biggest trading partners. Chinese assets also account for one third of market capitalization in most EM benchmark indices.<\/p>\n<p><strong>Slowing growth:<\/strong> Despite a Chinese rebound, most analysts are expecting GDP in other EM nations to slow in 2023 as a downturn in the US and Europe cancels out rising demand in the east and economies continue to feel the impact of higher interest rates and the spillover effects of the war in Ukraine. <a href=\"https:\/\/www.jpmorgan.com\/insights\/research\/market-outlook\">JPMorgan<\/a> is forecasting growth in EM (excluding China) to weaken to 1.8% this year, while S&P Global Ratings recently <a href=\"https:\/\/www.reuters.com\/markets\/sp-global-lowers-2023-growth-forecast-emerging-markets-2022-11-29\/\">cut its yearly forecast<\/a> for emerging economies (excluding China and Saudi Arabia) to 3.8%. \u201cThe economic downturns along with the aggressive monetary tightening and geopolitical and commodity shocks that induce them will be temporarily painful in financial and emerging markets,\u201d said David Folkerts-Landau, group chief economist at Deutsche Bank, according to Reuters.<\/p>\n<p><strong>Inflation will remain a problem in many emerging economies this year<\/strong>, though a slowdown in some countries on the back of falling commodities prices will allow central banks \u2014 mainly in Latin America \u2014 to begin cutting interest rates, according to JPMorgan. \u201cInflation is expected to remain a problem for central banks in roughly half of the core EM countries. Some EM central banks may start easing next year but most look set to keep rates high for longer,\u201d said Luis Oganes, who heads up currencies, commodities and EM research at the bank.<\/p>\n<p><strong>Ukraine will remain a wildcard:<\/strong> Geopolitical and economic risks emanating from the war in Ukraine will persist. The conflict has already upended global energy supply chains, disrupted food security across the world and triggered a wave of inflation, and the economic impact of an escalation of the conflict or new sanctions on the Russian economy will be unpredictable and potentially severe.<\/p>\n<p><strong>To the polls: <\/strong>Elections are set to take place across EMs, including Nigeria, Argentina and Poland. The upcoming presidential election in Turkey might prove to be the most impactful leadership contest as far as the MENA region is concerned. The president\u2019s personal approval ratings have tanked in recent months as the global economic shocks combined with his unorthodox monetary policy to leave the country dealing with surging inflation and a currency at record lows against the USD.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/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\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/macro-picture\/\">MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia-ukraine-conflict\/\">Russia-Ukraine conflict<\/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=\"580606\" 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\/09\/580606\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580606\" class=\"content-area-description single-story post-580606 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>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>16 April (Sunday): Coptic Easter<\/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\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    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