{"id":580959,"date":"2023-01-30T13:28:14","date_gmt":"2023-01-30T13:28:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=580959"},"modified":"2025-12-16T12:38:44","modified_gmt":"2025-12-16T12:38:44","slug":"make-the-in-between-count","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/make-the-in-between-count\/","title":{"rendered":"Make the In Between count"},"content":{"rendered":"<section id=\"580961\" 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=\"580961\">\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\/30\/tonight-blinken-meets-el-sisi-shoukry-for-palestine-israel-talks-adani-group-meltdown-rolls-on\/\">\r\n                            TONIGHT: Blinken meets El Sisi, Shoukry for Palestine-Israel talks + Adani Group meltdown rolls on                        <\/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\/30\/tonight-blinken-meets-el-sisi-shoukry-for-palestine-israel-talks-adani-group-meltdown-rolls-on\/\" target=\"_blank\">\n                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href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/tonight-blinken-meets-el-sisi-shoukry-for-palestine-israel-talks-adani-group-meltdown-rolls-on\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/768.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580962\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/tonight-blinken-meets-el-sisi-shoukry-for-palestine-israel-talks-adani-group-meltdown-rolls-on\/768-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/768.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"768.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/768.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/768.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580961\" class=\"content-area-description single-story post-580961 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-abdel-fattah-el-sisi tag-adani-group tag-enterprisepm tag-us-egypt-diplomacy 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>Happy Monday, wonderful people.<\/strong> It\u2019s already been a busy start to the week, and we have a sneaking suspicion we\u2019re not going to see things slowing down much over the next few days.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Blinken talks Palestine-Israel conflict with El Sisi, Shoukry:<\/strong> US Secretary of State Anthony Blinken discussed the escalating tensions between Palestine and Israel during a meeting earlier today with President Abdel Fattah El Sisi, according to an <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid02vAAydU5ptJrFQSpyEXa48myzBxAFbERWzVoaixT33r4AAp2SweSCzbFMDMU4GyCl?__cft__[0]=AZXBI1l1Cf3palrboYMNVAF1Tulu-zda2jDPwTP653WNNl2mRI0ezDrGImUs5Hm--HGcbZqx-8yfwlwRxS9tPFiHZ09KpkpJx2WdP2MIdFCjwClAopzmmAKd09G0yEpnHFjk4iHm882lZF5eKoDchPgSnQx0YzIQJM1iAMxTu8E8iY88Cih-Z35mGrNjpINLvNs&__tn__=,O,P-R\">Ittihadiya statement<\/a>. Blinken \u2014 who arrived in Cairo yesterday and is likely en route to Israel as we hit dispatch on this afternoon\u2019s issue \u2014 reiterated Washington wants to work closely with Egypt to help restore calm following several days of airstrikes from Israel and attacks from Palestinian citizens. Blinken also sat down with Foreign Minister Sameh Shoukry for a separate meeting to touch on Egypt-US relations, alongside developments in Sudan and Libya, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/blinken-meets-egypts-sisi-first-leg-mideast-tour-2023-01-30\/\">Reuters<\/a> reports.<\/p>\n<p><strong>Expect Blinken\u2019s visit to drive <\/strong><strong>the conversation on Egypt in the press for the next few<\/strong><strong> days:<\/strong> Blinken\u2019s arrival in Cairo in the midst of escalating tension between Israel and Palestine has already got a lot of ink in the foreign press, with Reuters, <a href=\"https:\/\/www.haaretz.com\/israel-news\/2023-01-30\/ty-article\/blinken-discusses-tensions-between-israelis-and-palestinians-with-egypts-sisi\/00000186-01fc-d4a2-adb7-41fca6ea0000\">Haaretz<\/a> and <a href=\"https:\/\/www.thenationalnews.com\/mena\/egypt\/2023\/01\/29\/blinken-arrives-in-egypt-at-start-of-middle-east-tour-as-violence-escalates\/\">the National<\/a> all giving space to Egypt\u2019s longstanding role as a mediator between Palestine and Israel.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Adani meltdown continues:<\/strong> The massive sell-off of Adani Group\u2019s shares following blistering fraud allegations has so far wiped nearly USD 72 bn off the stock market value of the Indian coal conglomerate\u2019s flagship company, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-30\/most-adani-stocks-drop-as-rebuttal-draws-hindenburg-response?srnd=premium-middle-east&sref=mmeFTDW1&leadSource=uverify wall\">Bloomberg<\/a> reports. Shares of flagship Adani Enterprises fell 2% while Adani Total Gas and Adani Transmission plummeted by 20% on Monday. Billionaire Gautam Adani\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f37ed3e6-1544-4edf-af3b-7be22d242a39\">413-page rebuttal<\/a> to the fraud claims \u2014 made last week by US investment research firm Hindenburg Research, which holds short positions in Adani Group \u2014 have done little to pacify investor concerns about the corporate governance of his business. The market meltdown coincides with Adani Enterprises\u2019 secondary offering, which was planned to fund green hydrogen projects, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/922f15f5-a014-4c29-807b-501f1bff9be5\">Enterprise Climate noted this morning<\/a>.<\/p>\n<p><strong>The story is still getting front-page play<\/strong> in the <a href=\"https:\/\/www.ft.com\/content\/ccf85bcd-7cdd-4255-b51c-eb798c156f45\">Financial Times<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/rout-in-adani-stocks-bonds-continues-conglomerate-trades-barbs-with-short-seller-11675071805?mod=hp_lead_pos10\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/india\/adani-enterprises-shares-rise-other-group-stocks-plunge-after-short-seller-2023-01-30\/\">Reuters<\/a>, and <a href=\"https:\/\/www.cnbc.com\/2023\/01\/30\/adani-shares-hindenburg-report.html\">CNBC<\/a><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Driving the conversation throughout the rest of the week: We\u2019re heading into a series of<\/strong><strong> interest rate hikes. <\/strong>Global central banks are set to bump up interest rates in the days ahead to their highest levels since the financial crisis, the <a href=\"https:\/\/www.ft.com\/content\/ef8452ca-f7bb-499f-a67f-51b13a5ad76c\">Financial Times<\/a> reports. The Federal Reserve is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f37ed3e6-1544-4edf-af3b-7be22d242a39\">expected to raise interest rates<\/a> 25 bps in its two-day monetary policy meeting tomorrow and Wednesday \u2014 pushing rates to the highest levels since September 2007, albeit at a slower pace than the 50 bps hike in its December meeting. Analysts expect the Bank of England (BoE) and the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79ac8870-ec4f-4afc-bf18-3c013e27a0a4\">European Central Bank<\/a> (ECB) to hike rates by 50 bps to their highest since fall 2008.<\/p>\n<p><strong>Remember when \u201ctransient\u201d was the word of the day? Investors are worried this means<\/strong><strong> inflation is more persistent than they thought:<\/strong> While slowing inflation spurred hopes that central banks will slow the pace of their rate hikes and caused <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eea75a6c-35a2-4b48-ab73-8a5d0bb9ba97\">bond markets to rally<\/a> this month, price growth is expected to remain above the Fed and ECB targets of 2% in the medium term. Inflation still stands at 6.5% in the US and 9.2% in the EU. \u201c[It] is going to be super difficult again for the Fed to \u2026 get inflation down to that magical 2% number without putting us into a recession,\u201d one analyst told the FT. \u201cThe credit markets are effectively pricing in a no-recession outcome. But that\u2019s not the consensus base case that most economists are forecasting,\u201d said another.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** <\/strong><strong><a href=\"https:\/\/www.surveymonkey.com\/r\/FMGPJ3G\">TAKE OUR JANUARY ENTERPRISE READER SURVEY<\/a><\/strong><strong> and get a chance to have lunch<\/strong><strong> with us:<\/strong> Give us your thoughts on how 2022 panned out for your business and industry, and what you\u2019re expecting in the year ahead in our Enterprise Reader Survey.<\/p>\n<p><strong>We\u2019re asking you to share your expectations<\/strong> on the EGP \/ USD rate in 2023, how you\u2019re managing expenses amid the rising cost of living, where you see your industry as a whole heading, and whether you expect to make fresh investments \u2014 among a few other questions we ask our community on a regular basis. As is our custom, we\u2019ll be sharing the results with all of you in a few weeks\u2019 time to help you shape your view of the year.<\/p>\n<p><strong>You can <\/strong><strong><a href=\"https:\/\/www.surveymonkey.com\/r\/FMGPJ3G\">take the Reader Survey here<\/a><\/strong> \u2014 it won\u2019t take more than a few minutes to complete.<\/p>\n<p><strong>Want to have lunch with us?<\/strong> Leave your name, email, mobile number, and where you work in the box for \u201cIs there anything else you want to tell us.\u201d We\u2019ll be inviting eight participating readers to breakfast at one of our favorite restaurants.<\/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>CIB now owns all of Kenya\u2019s Mayfair:<\/strong> EGX mainstay CIB <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da6b205d-d6d5-4aeb-a59a-6918312e9bb0\">will acquire 49% of Mayfair CIB<\/a> for USD 40 mn, giving it full ownership of the Kenyan bank.<\/li>\n<li><strong>House gives first nod to tourism bill:<\/strong> The House of Representatives yesterday <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b870d239-c420-4807-b537-67426b4d6982\">gave its preliminary approval<\/a> to a draft bill that will strip the power to form and regulate tourism chambers from the Tourism Minister and place it instead in the hands of the Egyptian Tourism Federation.<\/li>\n<li><strong>UAE accounting startup Wafeq has <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/932b06c7-3675-4840-9c1d-085d877d9a21\">raised USD 3 mn<\/a><\/strong><strong> in a seed round<\/strong>, the company said Wednesday. The round \u2014 led by Saudi VC Raed Ventures, with participation from Wamda Capital \u2014 will help fund Wafeq\u2019s expansion into Egypt while scaling its services in the Gulf.<\/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>FOR TOMORROW-<\/strong><\/p>\n<p><strong>Sayonara, CDs:<\/strong> The National Bank of Egypt and Banque Misr will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/166ff670-3d1c-405e-a030-6f2af41953c4\">pull their one-year 25%<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/166ff670-3d1c-405e-a030-6f2af41953c4\">certificates of deposit<\/a> from the market by the end of the working day tomorrow. The high-interest CDs were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/925e4b4b-5b42-4247-9c68-4a8084d7f8a1\">introduced earlier this month<\/a> ahead of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63a7ec65-1966-4d8f-9b11-181cbd0f12b6\">devaluation of the EGP<\/a>. CIB, QNB Alahli and Banque du Caire are yet to announce when they will follow suit, though we expect all the high-yield CDs to be pulled off the market in tandem.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>It\u2019s interest rate week here at home\u2026<\/strong> The Central Bank of Egypt (CBE) is likely to hike interest rates when it meets on Thursday as inflation continues to run high, according to our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/89a865a7-f6fa-4818-8b55-f5e0fd8bb1e5\">interest rate poll<\/a>.<\/p>\n<p><strong>\u2026And in the US:<\/strong> The Federal Reserve is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6cc4300f-88fa-431a-872b-476a2d9a5659\">expected to continue to slow<\/a> the pace of its interest rate hikes when it holds its two-day policy meeting on Tuesday and Wednesday.<\/p>\n<p><strong>EBRD + EU + GCF are holding a green finance event tomorrow:<\/strong> The European Bank for Reconstruction and Development, the EU, the <a href=\"https:\/\/enterprise.press\/greeneconomys\/whats-green-economy-financing-facility-geff-work\/\">Green Economic Financing Facility<\/a>, and the <a href=\"https:\/\/www.greenclimate.fund\/about\">Green Climate Fund<\/a> will hold a green finance event on Tuesday, 31 January at the Nile Ritz Carlton Hotel.<\/p>\n<p><strong>NPH gets more time for Pachin takeover bid<\/strong>: The Financial Regulatory Authority (FRA) has granted a 60-day extension to Dubai-based National Paints Holdings\u2019 (NPH) on its offer to acquire Paint and Chemical Industries (Pachin), according to a <a href=\"https:\/\/ent.news\/2023\/1\/FRA-NPH.pdf\">statement to the EGX (pdf)<\/a>.<\/p>\n<p><strong>REMEMBER<\/strong>- NPH\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bd16acf-0bc2-4e41-abb4-98ff04e3cb71\">offer of EGP 29 per share<\/a> for 100% of Pachin is the second highest of five bids to take over the company in recent months. Pachin had been expected to respond to NPH\u2019s offer this month but has not yet done so. The highest bidder at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/51ebd661-7bc4-402c-993a-3432a7f06307\">EGP 30 a share<\/a>, Compass Capital, recently <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a684bd8f-263d-4cf6-b188-a4d47d25c113\">got the nod from Pachin<\/a> to do due diligence.<\/p>\n<p><strong>We\u2019re still waiting to hear what\u2019s happening with fuel prices this quarter:<\/strong> The government\u2019s fuel pricing committee was due to meet earlier this month to set fuel prices for 1Q 2023. The government has increased prices at the pump by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/02504f84-a7b4-43ef-818f-fb9abe3a75a7\">23-28%<\/a> since April 2021, and decided on a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59629508-f337-48ec-b80c-092a43eecb30\">rare fuel oil price hike<\/a> last July.<\/p>\n<p><strong>Expect prices to rise:<\/strong> The government has committed to changing local fuel prices in line with movements in the global markets under the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2f25427b-43e1-4104-9b7a-2aea214242b2\">USD 3 bn loan agreement<\/a> with the IMF.<\/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><strong>Winter will finally be upon us starting tomorrow. <\/strong>Look for the mercury to slide below 20\u00b0C for the coming two weeks, our favorite weather app suggests.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/adani-group\/\">Adani Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-egypt-diplomacy\/\">US-Egypt diplomacy<\/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=\"580963\" 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=\"580963\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/580963\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580963\" class=\"content-area-description single-story post-580963 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\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=\"580964\" 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=\"580964\">\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\/30\/a-series-of-unfortunate-events-for-global-food-supplies-could-we-soon-unlock-more-efficient-solar-cell-tech\/\">\r\n                            A series of unfortunate events for global food supplies + Could we soon unlock more efficient solar cell tech?                        <\/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\/30\/a-series-of-unfortunate-events-for-global-food-supplies-could-we-soon-unlock-more-efficient-solar-cell-tech\/\" 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\/30\/a-series-of-unfortunate-events-for-global-food-supplies-could-we-soon-unlock-more-efficient-solar-cell-tech\/')\">\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\/30\/a-series-of-unfortunate-events-for-global-food-supplies-could-we-soon-unlock-more-efficient-solar-cell-tech\/\">\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=A series of unfortunate events for global food supplies + Could we soon unlock more efficient solar cell tech?&url=https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/a-series-of-unfortunate-events-for-global-food-supplies-could-we-soon-unlock-more-efficient-solar-cell-tech\/\">\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\/30\/a-series-of-unfortunate-events-for-global-food-supplies-could-we-soon-unlock-more-efficient-solar-cell-tech\/&title=A series of unfortunate events for global food supplies + Could we soon unlock more efficient solar cell tech?\">\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=A+series+of+unfortunate+events+for+global+food+supplies+%2B+Could+we+soon+unlock+more+efficient+solar+cell+tech%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F01%2F30%2Fa-series-of-unfortunate-events-for-global-food-supplies-could-we-soon-unlock-more-efficient-solar-cell-tech%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\/30\/a-series-of-unfortunate-events-for-global-food-supplies-could-we-soon-unlock-more-efficient-solar-cell-tech\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580964\" class=\"content-area-description single-story post-580964 post type-post status-publish format-standard hentry category-for-your-commute tag-climate-change tag-commodities tag-enterprisepm tag-for-your-commute tag-renewables 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>Global food supplies continue to grapple with a run of bad luck:<\/strong> International food supplies are still at risk despite recent declines in food prices on international markets, agriculture analysts warn, according to the <a href=\"https:\/\/www.ft.com\/content\/067a22f4-20e8-4bce-8eb4-7a928f7ee65c\">Financial Times<\/a>. The most imminent threat is posed by the potential discontinuation of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1933af3-aebe-45a8-88cc-f95f09cc11fd\">Black Sea Grain Initiative<\/a> between Russia and Ukraine, whose renewal upon expiry in March is uncertain. Brokered by Turkey and the UN in July, the agreement has enabled Ukraine to resume its grain exports via the Black Sea after a complete <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/27d6887c-97ac-4194-ab8c-179297b58b71\">blockade by Russia<\/a> triggered a food crisis and sent prices rocketing.<\/p>\n<p><strong>Geopolitical tensions and climate change could also hobble supplies:<\/strong> Financial institutions, ins. providers, and transporters have been <a href=\"https:\/\/www.ft.com\/content\/1cbca193-e56f-415a-8b3b-e4208ef1def3\">reluctant to take on business<\/a> related to the export of Russian food and fertilizers amid concerns of exposure to sanctions \u2014 even though many Russian crops and fertilizers are exempt from the EU\u2019s punitive measures. Global crop production is also in for a heat stroke this year, further compounding the issue. Forecasts indicate that 2023 will see the return of the El Ni\u00f1o climate phenomenon, which recurs every few years with a warming effect on the Pacific Ocean\u2019s surface accompanied by extreme weather conditions, such as droughts in some areas and excessive rainfall in others.<\/p>\n<p><strong>EMs are set to face a unique set of hurdles:<\/strong> In developing countries, currencies losing ground to a strong USD could keep domestic costs of food supplies high even as international prices fall. \u201cThat means food inflation for consumers is likely to persist for several quarters due to the lag of about a year for internationally traded prices to work their way through to retail supply chains,\u201d the FT says.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>New, more advanced solar cell technology that\u2019s been bogged down by setbacks could<\/strong><strong> soon get its day in the sun with new research:<\/strong> High-performing perovskite solar cells (PSC), an emerging photovoltaic technology, could mark a significant advancement in the solar energy field by allowing for more efficient and durable solar panels, according to <a href=\"https:\/\/news.mit.edu\/2022\/perovskites-solar-cells-explained-0715\">MIT<\/a>. However, PSC has several drawbacks, including its high cost, instability, and complex manufacturing \u2014 all issues which Chinese-Swiss scientists are looking to address with new research that could pave the way for more widely available and affordable solar energy production. The <a href=\"https:\/\/infoscience.epfl.ch\/record\/299320\">joint study<\/a> created a new model using a transparent conducting oxide (TCO) and affordable \u201cmetal composite electrode,\u201d which can prevent ion movements and chemical reactions between the metal and perovskite, leading to significant improvements in composite electrodes. The composite electrode-PSCs has created a promising potential for stable and faster PSC manufacturing, increased power conversion efficiency (PCE) by 23.7%, and preserved 95% of the original PCE charge.<\/p>\n<p><strong>Sub-Saharan Africa gets tech fund from impact investor:<\/strong> Private equity firm Convergence Partners raised USD 296 mn to purchase technology assets in Africa, including data centers and subsea fiber optics cables, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-30\/buyout-firm-convergence-raises-296-million-africa-tech-fund?srnd=technology-vp&sref=mmeFTDW1\">Bloomberg<\/a> reports. This capital raise \u2014 one of the first private equity funds obtained for sub-Saharan Africa in 2023 \u2014 brings Covergence\u2019s total funds under management to about USD 600 mn, according to Chairman Andile Ngcaba.<\/p>\n<p><strong>Narrowing the continent\u2019s digital divide: <\/strong>Sub-Saharan Africa\u2019s population is rapidly growing and is on track to double to more than 2 bn by 2050, according to <a href=\"https:\/\/www.theguardian.com\/global-development\/2022\/nov\/15\/focus-turns-to-africa-as-world-population-reaches-8bn#:~:text=According to UN projections, sub,populous place globally, surpassing Asia.\">The Guardian<\/a>. The continent\u2019s growing youth is increasingly using their phones for services like online banking and shopping. In order to close the gap between those with access to computers and the internet and those that do not by 2023, the continent needs an additional 700 data centers \u2014 around USD 100 bn in investment, according to Ngcaba. Convergence wants to contribute some of the funding necessary to address the digital divide, he said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/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\/renewables\/\">renewables<\/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=\"580965\" 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=\"580965\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/580965\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580965\" class=\"content-area-description single-story post-580965 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\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=\"580966\" 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=\"580966\">\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\/30\/shrinking-a-therapist-handles-his-grief-by-doling-out-the-unadulterated-truth\/\">\r\n                            Shrinking: A therapist handles his grief by doling out the unadulterated truth                        <\/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\/30\/shrinking-a-therapist-handles-his-grief-by-doling-out-the-unadulterated-truth\/\" 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\/30\/shrinking-a-therapist-handles-his-grief-by-doling-out-the-unadulterated-truth\/')\">\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\/30\/shrinking-a-therapist-handles-his-grief-by-doling-out-the-unadulterated-truth\/\">\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=Shrinking: A therapist handles his grief by doling out the unadulterated truth&url=https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/shrinking-a-therapist-handles-his-grief-by-doling-out-the-unadulterated-truth\/\">\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\/30\/shrinking-a-therapist-handles-his-grief-by-doling-out-the-unadulterated-truth\/&title=Shrinking: A therapist handles his grief by doling out the unadulterated truth\">\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=Shrinking%3A+A+therapist+handles+his+grief+by+doling+out+the+unadulterated+truth+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F01%2F30%2Fshrinking-a-therapist-handles-his-grief-by-doling-out-the-unadulterated-truth%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\/30\/shrinking-a-therapist-handles-his-grief-by-doling-out-the-unadulterated-truth\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/769.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"580967\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/shrinking-a-therapist-handles-his-grief-by-doling-out-the-unadulterated-truth\/769-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/769.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"769.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/769.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/769.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580966\" class=\"content-area-description single-story post-580966 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><br \/>\n (all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Do therapists need therapy too? <\/strong>Jason Segel stars as Jimmy, a cognitive behavioral therapist who is struggling to grieve his wife\u2019s death in AppleTV+\u2019s comedy <a href=\"https:\/\/tv.apple.com\/us\/show\/shrinking\/umc.cmc.apzybj6eqf6pzccd97kev7bs\">Shrinking<\/a>. Jimmy grows tired of his patients constantly complaining about their problems and decides to try a new approach: Telling the unadulterated truth. He begins letting patients know his unfiltered thoughts and even straight up tells a patient to leave her emotionally abusive husband, which \u2014 despite blurring ethical boundaries \u2014 he learns is quite effective. Jimmy\u2019s boss, Paul Rhoades, (Harrison Ford), who is grappling with his recent Parkinson\u2019s diagnosis, is less than thrilled at Jimmy\u2019s new technique and isn\u2019t shy about it. The first two episodes of the show are available to stream on Apple TV+ and new episodes come out on Fridays.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580971\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF 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markets are doing on 30 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\/30\/what-the-markets-are-doing-on-30-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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Foreign investors were net sellers. The index is up 16.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>Eastern Company (+4.4%), CIRA Education (+1.0%) and Egypt Kuwait Holding -EGP (+0.2%).<\/p>\n<p><strong>In the red: <\/strong>Telecom Egypt (-7.1%), Heliopolis Housing (-7.0%) and Madinet Nasr Housing and Development (-5.6%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"580973\" 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=\"580973\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/yes-your-eyes-are-deceiving-you\/\">\r\n                            Yes, your eyes are deceiving you                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/yes-your-eyes-are-deceiving-you\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Almost six years later and deepfakes, while never far from the headlines, haven\u2019t exactly triggered the catastrophe that was predicted. So what is the technology being used for now?<\/p>\n<p><strong>First things first: What are deepfakes? <\/strong>Deepfakes use machine learning, AI, and <a href=\"https:\/\/enterprise.press\/whatsnexts\/whats-next-for-deep-tech-in-egypt\/\">deep learning technology<\/a> to manipulate visual content, replacing one person\u2019s image with another or adding content to an already existing video. The world was first introduced to deepfakes more than five years ago by a Reddit user of the same username, who shared an NSFW video that superimposed the faces of celebrities on explicit content without their consent, according to AI-focused platform <a href=\"https:\/\/the-decoder.com\/history-of-deepfakes\/\">Decoder<\/a>.<\/p>\n<p><strong>The tech caused an immediate \u2014 and justified \u2014 backlash: <\/strong>Linked to abuse and misinformation from the start, the spread of deepfake tech has been slowed by concerns from the public, private firms, and policymakers. \u201cBefore the alarm was raised on these issues, you had no policies by social media companies to address this \u2026 Now you have policies and a variety of actions they take to limit the impact of malicious deepfakes,\u201d AI expert Aviv Ovadya told <a href=\"https:\/\/www.theatlantic.com\/technology\/archive\/2022\/12\/deepfake-synthetic-media-technology-rise-disinformation\/672519\/\">The Atlantic<\/a>. Social media platforms have started to look out for deepfakes using content moderation and human and software detection methods.<\/p>\n<p><strong>But the inevitable cannot be stopped, only delayed: <\/strong>Some experts say that despite attempts to control the tech, deepfakes are bound to take off within a few years as AI becomes smarter and more advanced. TikTok, Snapchat and Instagram filters all already integrate some form of deepfake tech to change and enhance images. The website Deepfakes Web allows users to create their own deepfake content. And a number of less advanced applications have popped up allowing users to create GIFs from still images.<\/p>\n<p><strong>Deepfakes are big business on TikTok: <\/strong>A Tom Cruise deepfake Tiktok account by the username <a href=\"https:\/\/www.tiktok.com\/@deeptomcruise?lang=en\">DeepTomCruise<\/a> has accumulated 3.8 mn followers (the account is aiming for parody rather than trying to pass itself off as Cruise.) Cruise not your bag? There are also deepfake accounts for the likes of <a href=\"https:\/\/www.tiktok.com\/@unreal_keanu?referer_url=www.indy100.com\/viral\/keanu-reeves-tiktok-deepfake&refer=embed&embed_source=null;null;embed_name&referer_video_id=7107046663893667114\">Keanu Reeves<\/a>, <a href=\"https:\/\/www.tiktok.com\/@iamjesserichards\/video\/7016375807861951749?is_copy_url=1&is_from_webapp=v1\">Harry Styles<\/a> and <a href=\"https:\/\/www.tiktok.com\/@iamjesserichards\/video\/7022647750806211845?is_copy_url=1&is_from_webapp=v1\">Justin Bieber and his wife Hailey<\/a>.<\/p>\n<p><strong>But deepfakes still have a way to go before they\u2019re interchangeable with the real thing. <\/strong>Although the whole appeal of deepfakes is that they should be identical to the real thing, a study at <a href=\"https:\/\/arxiv.org\/abs\/2202.12883\">Cornell University<\/a> found that people are more likely to detect fake video or audio than they are to identify inaccuracies in written text. Some say that\u2019s because the tech isn\u2019t quite there yet. In one example, viewers of a <a href=\"https:\/\/www.bbc.com\/news\/technology-60780142\">clip of Ukranian President Volodymyr Zelensky<\/a>surrendering to his Russian counterpart Vladimir Putin were able to identify the content as fake thanks to Zelensky\u2019s oversized head and questionable accent.<\/p>\n<p><strong>Where do policymakers stand? <\/strong>The World Intellectual Property Organization <a href=\"https:\/\/ent.news\/2023\/1\/WIPO-Deepfakes.pdf\">believes (pdf)<\/a> that deepfakes have the potential to violate human rights, privacy rights and personal data protection rights, as well as raising questions over copyright and attribution. <a href=\"https:\/\/iapp.org\/resources\/article\/the-eu-general-data-protection-regulation\/#A17\">European laws<\/a> allow for victims of deepfakes to exercise their \u201cright to be forgotten\u201d if the content shared is inaccurate, under which the content should be erased \u2014 though that\u2019s much easier said than done. <a href=\"https:\/\/www.nature.com\/articles\/s42256-022-00513-4\">China<\/a>, the <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_22_3664\">EU<\/a>, and <a href=\"https:\/\/www.jdsupra.com\/legalnews\/first-federal-legislation-on-deepfakes-42346\/\">several US states<\/a> have in recent years put out regulation attempting to clamp down on misinformation through deepfakes.<\/p>\n<p><strong>Deepfakes likely can\u2019t be stopped. But improved media literacy could stop us from falling for them. <\/strong>Deepfakes are the latest in a long chain of means to alter or falsify audio, images, and video, all of which have become more common with the rise of the digital age. That makes it all the more crucial that societies double down on teaching media and digital literacy \u2014 which helps people identify the sources they can trust, pick up on inconsistencies and inaccuracies in media, and take everything they read, see, or hear with a grain of salt.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tech\/\">TECH<\/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=\"580975\" 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\/30\/580975\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-580975\" class=\"content-area-description single-story post-580975 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>26 January-6 February (Thursday-Monday): Cairo International Book Fair, Egypt International Exhibition Center.<\/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>31 January (Tuesday): EBRD + EU + GCF will lay out their strategic plans to boost green finance in Egypt.<\/p>\n<p>31 January-1 February (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/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>1 February (Wednesday): OPEC will hold a joint ministerial monitoring committee meeting.<\/p>\n<p>2 February (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>5 February (Sunday): The Senate reconvenes.<\/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>21-22 March (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>23 March (Thursday): 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>April: GAFI<a href=\"https:\/\/www.alborsaanews.com\/2023\/01\/20\/1623257\">to launch<\/a> the country\u2019s first integrated electronic platform to facilitate setting up a business.<\/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>21 April (Friday): 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>2-3 May (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/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>7-10 (Wednesday-Saturday): The second edition of Africa Health Excon.<\/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>13-14 June (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/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>25-26 July (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/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>19-20 September (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/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>31 October - 1 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/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>12-13 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/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<p>1Q 2023: The Madbouly government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35d181ed-a21c-4edf-8223-780c9b4ee714\">will choose<\/a> which state-owned hotels will be merged into a new hotels company ahead of an offering to foreign and Gulf investors.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":580960,"template":"","categories":[],"tags":[],"class_list":["post-580959","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a92e348f-e1d2-4fa1-8d54-274c151b5908","teaser":"","photo_url":"https:\/\/ent.news\/2023\/1\/767.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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