{"id":580800,"date":"2023-01-19T13:33:37","date_gmt":"2023-01-19T13:33:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=580800"},"modified":"2025-12-16T12:34:56","modified_gmt":"2025-12-16T12:34:56","slug":"evs-are-picking-up","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/evs-are-picking-up\/","title":{"rendered":"EVs are picking up"},"content":{"rendered":"<section id=\"580802\" 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=\"580802\">\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\/19\/this-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments\/\">\r\n                            THIS EVENING: B Investments has its eyes on healthcare, food and bev investments                        <\/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\/19\/this-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments\/\" 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\/19\/this-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments\/')\">\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\/19\/this-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments\/\">\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: B Investments has its eyes on healthcare, food and bev investments&url=https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/this-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments\/\">\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\/19\/this-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments\/&title=THIS EVENING: B Investments has its eyes on healthcare, food and bev investments\">\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+B+Investments+has+its+eyes+on+healthcare%2C+food+and+bev+investments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F01%2F19%2Fthis-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments%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\/19\/this-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/700.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580803\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/this-evening-b-investments-has-its-eyes-on-healthcare-food-and-bev-investments\/700-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/700.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"700.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/700.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/700.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580802\" class=\"content-area-description single-story post-580802 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-b-investments tag-enterprisepm tag-ma-watch tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, friends.<\/strong> It\u2019s finally the end of what has been a very busy week. So busy, in fact, that we had a bit of a Freudian slip in yesterday\u2019s edition of EnterprisePM, when we suggested that we\u2019re entering a long weekend. Our apologies for the false hope.<\/p>\n<p><strong>We do, however, have a long weekend next week:<\/strong> Next Thursday, 26 January will be a paid holiday for public and private sector workers to mark Police Day and the 25 January revolution, which both fall on the preceding Wednesday, Prime Minister Moustafa Madbouly confirmed in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0VonKHQF2H5k43aNkfwBSdizXSgimX2CyiUgeaNYy7jfLduBN4r3hV5KPypWwVzzMl\">statement<\/a> yesterday. We\u2019re keeping our eyes peeled for the central bank and stock exchange to make their own announcements.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>B Investments plans EGP 2 bn investments this year:<\/strong> Private equity player B Investments is planning to invest EGP 2 bn (USD 67.5 mn) through two acquisitions in the healthcare and food and beverage industries, <a href=\"https:\/\/bit.ly\/3CZymMP\">Bloomberg Asharq<\/a> quotes Chairman Hazem Barakat as saying. The firm expects to close one healthcare acquisition in 1Q 2023, followed by a food and beverage acquisition in 2Q 2023, according to Barakat.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>There\u2019s no single story leading the conversation in the international business press this<\/strong><strong> afternoon.<\/strong> Among the stories making the rounds:<\/p>\n<ul>\n<li><strong>The European Central Bank will likely keep up its monetary tightening cycle<\/strong> to tamp down inflation, president Christine Lagarde said. (<a href=\"https:\/\/www.ft.com\/content\/cf43669d-95b7-4b69-8ed2-c4b683eb7e94\">Financial Times<\/a>)<\/li>\n<li><strong>Turkey\u2019s central bank left interest rates unchanged again<\/strong>, but could be moving towards interest rate cuts in the future. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-19\/turkey-doesn-t-budge-on-rate-with-focus-now-on-alternative-tools?srnd=premium-middle-east\">Bloomberg<\/a>)<\/li>\n<li>French citizens are striking to protest against President Emmanuel Macron\u2019s pension reform plan, which would push back the national retirement age by two years. (<a href=\"https:\/\/www.reuters.com\/world\/europe\/nationwide-strike-france-against-macrons-pension-reform-2023-01-19\/\">Reuters<\/a>)<\/li>\n<\/ul>\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>Prime Minister Moustafa Madbouly has good news for manufacturers and growers:<\/strong> In a press conference following yesterday\u2019s weekly cabinet meeting, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9c93016-3587-46a9-88ba-684c1db237c5\">the PM announced<\/a> the approval of new 11% subsidized loans for industry and agriculture as well as a 40% y-o-y increase in the price the state will pay local farmers for wheat this season.<\/li>\n<li><strong>IMF pact, EGP flexibility get the thumbs up from Fitch:<\/strong> Our USD 3 bn loan agreement with the IMF and the move to a permanently flexible exchange rate regime have <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8d1726f-c64d-4edd-a031-406895356ca8\">garnered praise from Fitch Ratings<\/a>, although our sovereign debt remains at risk of a downgrade if our external position continues to be squeezed in the short term.<\/li>\n<li><strong>Egypt\u2019s tourism revenues will rise almost 20% in 2023<\/strong> as more people visit the country on the back of a weaker EGP and the easing of covid-era travel curbs, with revenues expected to reach a record USD 13.6 bn this year, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc494deb-c59d-4fa2-9f11-b7218d913608\">Fitch Solutions expects<\/a>.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The Cairo International Book Fair will open its doors to the public at the International<\/strong><strong> Exhibition Center in New Cairo next Thursday<\/strong>, 26 January, according to <a href=\"https:\/\/bit.ly\/3kkL3eK4\">Youm7<\/a>. The event, which runs until 6 February, is expected to draw mns of visitors during the two weeks. The book fair has launched a mobile app for the event (get the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.gebobookfair.app\">Android version here<\/a>.) Meanwhile, <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/50\/1201\/484441\/AlAhram-Weekly\/Egypt\/Book-Fair-hit-by-economic-crunch.aspx\">Ahram Online<\/a> is out with a feature on how soaring paper prices have put a squeeze on the publishing industry ahead of the event.<\/p>\n<p><strong>Italian Deputy Prime Minister and Foreign Minister Antonio Tajani will visit Egypt<\/strong> this coming Saturday, 21 January and Sunday, 22 January, Italy\u2019s <a href=\"https:\/\/www.agenzianova.com\/en\/news\/Tajani-and-Piantadosi-in-Tunis-for-the-stability-of-the-Mediterranean-and-the-fight-against-migration\/\">Agenzia Nova<\/a> reports.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER-<\/strong> Expect a mainly sunny weekend with daytime highs of 21-23\u00b0C and nighttime lows of 10\u00b0C, our favorite weather app tells us.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/b-investments\/\">B Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580804\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"580804\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/580804\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580804\" class=\"content-area-description single-story post-580804 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.mashreqbank.com\/en\/egypt\/personal\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1600-x-768.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580805\" 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=\"580805\">\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\/19\/demand-in-china-and-europe-is-pushing-up-evs-global-market-share-the-crypto-market-may-be-thawing\/\">\r\n                            Demand in China and Europe is pushing up EVs\u2019 global market share + The crypto market may be thawing                        <\/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\/19\/demand-in-china-and-europe-is-pushing-up-evs-global-market-share-the-crypto-market-may-be-thawing\/\" target=\"_blank\">\n                    Open in new tab                    <!-- 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href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/demand-in-china-and-europe-is-pushing-up-evs-global-market-share-the-crypto-market-may-be-thawing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/701.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580806\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/demand-in-china-and-europe-is-pushing-up-evs-global-market-share-the-crypto-market-may-be-thawing\/701-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/701.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"701.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/701.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/701.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580805\" class=\"content-area-description single-story post-580805 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-automotive tag-cryptocurrency tag-enterprisepm tag-evs tag-for-your-commute tag-twitter wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>EVs are getting a bigger slice of the market share pie, thanks to China + Europe:<\/strong> Out of the c.80.6 mn cars sold worldwide last year, electric vehicles accounted for 10%, marking a \u201cmilestone\u201d for EVs\u2019 market share, the <a href=\"https:\/\/www.wsj.com\/articles\/evs-made-up-10-of-all-new-cars-sold-last-year-11673818385?mod=hp_lead_pos2\">Wall Street Journal<\/a> reports, citing industry data. Globally, EV sales rose 68% y-o-y to reach 7.8 mn units in 2022 \u2014 at the same time that the total number of vehicles sold dipped 1% y-o-y. The surge was led primarily by China, where 19% of cars sold were EVs, along with Europe, where EVs accounted for 11% of sales. In the US, EVs\u2019 market share rose just 2.3 percentage points y-o-y and conventional vehicles continue to account for nearly 95% of automotive sales.<\/p>\n<p><strong>Expect to see EVs\u2019 market share growing faster, soon \u2014 but volumes may drop:<\/strong> Automotive players expect to see \u201cstrong growth\u201d in the sale of electric vehicles in the next few years, particularly as conventional automakers begin rolling out their own electric models and industry leader Tesla introduces new models. In China, the \u201ctipping point\u201d where EV sales are on par with conventional vehicles could come \u201cbetween 2025 and 2030,\u201d according to Volkswagen\u2019s China head. But while EVs could account for a larger portion of total automotive market share moving forward, economic headwinds and reduced demand are expected to dampen sales volumes, analysts tell the Wall Street Journal.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Android + iOS users will now pay the same amount for Twitter\u2019s once-coveted blue<\/strong><strong> check:<\/strong> Twitter\u2019s blue check mark \u2014 which was once given to verified public figures at no cost \u2014 can now be purchased by Android users through the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41fd92c0-e89f-4014-9c2e-514f84c0997c\">Twitter Blue membership<\/a> for USD 11 per month, <a href=\"https:\/\/www.reuters.com\/business\/media-telecom\/twitter-offers-new-annual-plan-subscription-service-2023-01-18\/\">Reuters<\/a> reports. This pricing means Android and iOS users will pay the same amount for the membership, after Android users were initially going to be charged less. By pricing Android users\u2019 subscriptions at a higher rate, Twitter is looking to compensate for the costs charged by Android\u2019s Google Play Store and Apple\u2019s App Store. The company will also offer a lower yearly plan for web users at USD 84, compared to the USD 8 monthly web subscription price in select countries including the US, Canada, UK, Japan, New Zealand, and Australia. The controversial feature was introduced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4fe218a2-b2b8-457f-8395-f37a81a93ecd\">last year<\/a> to boost Twitter's income growth as Elon Musk battles to keep advertisers.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Is the crypto market getting a second chance at life?<\/strong> BTC is up by more than 25% since the beginning of the year, according to market data, suggesting the crypto market is thawing after a cold winter in 2022, the <a href=\"https:\/\/www.ft.com\/content\/a14bc2c5-f9c0-4020-b775-7028f1708cda\">Financial Times<\/a> reports. The crypto rally is being fueled by optimism that the US economy will see a \u201csoft landing,\u201d as inflation begins to cool down and the US Federal Reserve starts to pull the brakes on its aggressive monetary tightening cycle. An optimistic outlook and a weakening USD are together pushing up \u201cmost asset classes,\u201d which is spilling over into crypto, analysts tell the salmon-colored paper.<\/p>\n<p><strong>IN CASE YOU NEEDED REMINDING- <\/strong>The crypto market was in crisis late last year on the back of the FTX scandal, in which the crypto exchange \u2014 once one of the world\u2019s largest \u2014 collapsed after Binance <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0023b880-ed71-484c-9027-47c545ff270d\">abandoned its plans<\/a> to acquire FTX due to allegations of fraud. FTX filed for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8d5ca91f-e794-4e31-a788-11873104feaa\">Chapter 11 in November<\/a>, setting off a domino effect on other crypto players that collapsed and filed for bankruptcy such as Genesis, Three Arrows Capital, and BlockFi.<\/p>\n<p><strong>It wouldn\u2019t be crypto if it weren\u2019t weird and volatile:<\/strong> The surge in the broader crypto market also fueled a rally in a new dog-themed memecoin, bonk, which soared 5000% in its first few days of trading following its launch in December, <a href=\"https:\/\/www.reuters.com\/technology\/cryptoverse-bitcoin-is-back-with-bonk-2023-01-17\/\">Reuters<\/a> reports. The memecoin has since cooled down, but remains up 900% year-to-date, according to the newswire, highlighting the hyper-volatility of the tokens. Some of the most populars meme coins include <a href=\"https:\/\/dogecoin.com\">Dogecoin<\/a>, which started the phenomenon, <a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\">Shibu Inu<\/a>, and <a href=\"https:\/\/www.binance.com\/en\/price\/dogelon\">Dogelon Mars<\/a>.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/twitter\/\">Twitter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580807\" 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=\"580807\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/19\/580807\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580807\" class=\"content-area-description single-story post-580807 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=\"580808\" 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=\"580808\">\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\/19\/the-man-who-drank-enough-pepsi-to-supposedly-get-a-military-jet\/\">\r\n                            The man who drank enough Pepsi to (supposedly) get a military jet                        <\/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\/19\/the-man-who-drank-enough-pepsi-to-supposedly-get-a-military-jet\/\" 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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Pepsico, Inc. court<\/strong><strong> case. <\/strong>The Netflix original docuseries directed by Andrew Renzi documents former student John Leonard\u2019s courtroom battle against soft drinks giant PepsiCo. In the mid \u201890s, the company launched their \u201cDrink Pepsi Get Stuff\u201d campaign, and aired a <a href=\"https:\/\/www.youtube.com\/watch?v=ZdackF2H7Qc\">commercial<\/a> advertising that if you could rack up 7 mn Pepsi points you would get a USD 32 mn Harrier Jet military plane. The trouble began when Leonard actually collected the points \u2014 with the help of a few investors, including Todd Hoffman \u2014 and Pepsi refused to pay up, arguing that the commercial was a joke. Trying to get ahead of it, Pepsi actually sued Leonard first, before he filed a countersuit accusing PepsiCo of breach of contract, fraud, deceptive and unfair trade practices, and misleading advertising. The Pentagon even stepped in during the chaos, to state that the jet couldn\u2019t be sold to civilians without \u201cdemilitarization.\u201d<\/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=\"580816\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, 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markets are doing on 19 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\/19\/what-the-markets-are-doing-on-19-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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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\/19\/what-the-markets-are-doing-on-19-january-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580817\" class=\"content-area-description single-story post-580817 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 0.5% at today\u2019s close<\/strong> on turnover of EGP 911.58 mn (46.5% below the 90-day average). Local investors were net sellers. The index is up 10.1% YTD.<\/p>\n<p><strong>In the green: <\/strong>Palm Hills Development (+9.2%), Heliopolis Housing (+6.7%) and Cleopatra Hospitals (+3.9%).<\/p>\n<p><strong>In the red: <\/strong>e-Finance (-4.2%), Orascom Construction (-2.0%) and EFG Hermes (-1.9%).<\/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=\"580818\" 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\/19\/580818\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580818\" class=\"content-area-description single-story post-580818 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: 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\/world-economic-forum-annual-meeting-2023\/\">Davos 2023<\/a>.<\/p>\n<p>25 January (Wednesday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>26 January-6 February (Thursday-Monday): Cairo International Book Fair, Egypt International Exhibition Center.<\/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>31 January (Tuesday): The IMF will release its World Economic Outlook Update.<\/p>\n<p><strong>FEBRUARY<\/strong><\/p>\n<p>1 February (Wednesday): Capricorn Energy will hold a vote on its merger with Israel\u2019s NewMed.<\/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>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    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":580801,"template":"","categories":[],"tags":[],"class_list":["post-580800","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"57bd4843-6c8a-444a-9499-3a8845a37435","teaser":"","photo_url":"https:\/\/ent.news\/2023\/1\/699.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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