{"id":581010,"date":"2023-02-01T13:38:02","date_gmt":"2023-02-01T13:38:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=581010"},"modified":"2025-12-16T12:40:00","modified_gmt":"2025-12-16T12:40:00","slug":"everything-you-need-to-know-about-the-transfer-market","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/everything-you-need-to-know-about-the-transfer-market\/","title":{"rendered":"Everything you need to know about the transfer market"},"content":{"rendered":"<section id=\"581012\" 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=\"581012\">\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\/02\/01\/this-evening-madbouly-cabinet-to-announce-details-of-privatization-plans-next-week\/\">\r\n                            THIS EVENING: Madbouly Cabinet to announce details of privatization plans next week                        <\/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\/02\/01\/this-evening-madbouly-cabinet-to-announce-details-of-privatization-plans-next-week\/\" 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\/02\/01\/this-evening-madbouly-cabinet-to-announce-details-of-privatization-plans-next-week\/')\">\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\/02\/01\/this-evening-madbouly-cabinet-to-announce-details-of-privatization-plans-next-week\/\">\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: Madbouly Cabinet to announce details of privatization plans next week&url=https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/this-evening-madbouly-cabinet-to-announce-details-of-privatization-plans-next-week\/\">\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\/02\/01\/this-evening-madbouly-cabinet-to-announce-details-of-privatization-plans-next-week\/&title=THIS EVENING: Madbouly Cabinet to announce details of privatization plans next week\">\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+Madbouly+Cabinet+to+announce+details+of+privatization+plans+next+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F02%2F01%2Fthis-evening-madbouly-cabinet-to-announce-details-of-privatization-plans-next-week%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\/02\/01\/this-evening-madbouly-cabinet-to-announce-details-of-privatization-plans-next-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/95.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"581013\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/this-evening-madbouly-cabinet-to-announce-details-of-privatization-plans-next-week\/95-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/95.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"95.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/95.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/95.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-581012\" class=\"content-area-description single-story post-581012 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-enterprisepm tag-moustafa-madbouly tag-state-privatization-program 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, ladies and gentlemen.<\/strong> We\u2019re just about at the end of the work week, after making it through what felt like a very, very long January.<\/p>\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 break bread <\/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 a meal 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 a meal at one of our favorite restaurants.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>We\u2019re going to have a privatization plan \u2014 with at least 20 companies in the chute \u2014 next<\/strong><strong> week:<\/strong> The Madbouly Cabinet will unveil its plan to sell stakes in at least 20 state-owned firms following its meeting next week, Prime Minister Moustafa Madbouly said at a press conference today (<a href=\"https:\/\/www.youtube.com\/watch?v=0H1rVJRPUaw\">watch, runtime 15:05<\/a>). Madbouly did not specify a timeline for the plan, which will include some combination of EGX listings and stake sales to strategic investors. The prime minister also did not provide the names of any companies that will be included in the plan.<\/p>\n<p><strong>THE BIG BUSINESS STORY<\/strong><\/p>\n<p><strong>It\u2019s decision day at the Fed: <\/strong>The US Federal Reserve is expected to raise rates by 25 bps to a target range of 4.5-4.75% in its ongoing fight against inflation at the end of its two-day policy meeting later today, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-02-01\/fed-to-slow-rate-hikes-signal-work-not-over-decision-day-guide?srnd=premium-middle-east\">Bloomberg<\/a> reports. The decision would mark a second shift down towards a more moderate pace of monetary tightening in response to signs of cooling inflation and slowing growth. The Fed in December stepped down the pace of its interest rate hikes to 50 bps following four consecutive 75-bps hikes.<\/p>\n<p><strong>The fight against inflation is far from over: <\/strong>The Fed is expected to signal that more interest rate hikes are coming in its statement accompanying the rate announcement as well as in Fed Chair Jerome Powell\u2019s press conference later today. \u201cWith financial markets anticipating that the Fed will stop raising rates soon and possibly even cut them later this year, analysts say Powell will need to push back against such optimism,\u201d says the <a href=\"https:\/\/apnews.com\/article\/inflation-federal-reserve-system-jerome-powell-business-financial-markets-682b416097d60a09c7072b6afe734478\">Associated Press<\/a>.<\/p>\n<p><strong>How much more tightening is left to go? <\/strong>Policymakers believe that rates need to reach north of 5% and stay there \u2014 for an unspecified period \u2014 to reign in price growth, according to Bloomberg.<\/p>\n<p><strong>The Fed meeting is everywhere in the international business press:<\/strong> <a href=\"https:\/\/apnews.com\/article\/inflation-federal-reserve-system-jerome-powell-business-financial-markets-682b416097d60a09c7072b6afe734478\">AP<\/a> | <a href=\"https:\/\/www.ft.com\/content\/03b5354d-ad3c-4bfd-b1cc-c64d46dfdf28\">Financial Times<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-02-01\/fed-to-slow-rate-hikes-signal-work-not-over-decision-day-guide?srnd=premium-middle-east\">Bloomberg<\/a> | <a href=\"https:\/\/www.cnbc.com\/2023\/01\/31\/the-federal-reserve-is-likely-to-hike-rates-by-a-quarter-point.html\">CNBC<\/a><\/p>\n<p><strong>The ECB will follow tomorrow:<\/strong> The European Central Bank is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79ac8870-ec4f-4afc-bf18-3c013e27a0a4\">expected to hike up rates by 50<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79ac8870-ec4f-4afc-bf18-3c013e27a0a4\">bps<\/a> in its meeting on Thursday to tackle unyielding core inflation, which remained at an all-time high of 5.2% in January, the <a href=\"https:\/\/www.ft.com\/content\/10ead458-e4ae-4d27-8ce8-e316e8714652\">Financial Times<\/a> reports. While eurozone inflation has declined to <a href=\"https:\/\/ent.news\/2023\/2\/Eurostat-Indicators-January-2023.pdf\">8.5% in January<\/a> from 9.2% in December on the back of falling energy prices, it\u2019s not enough to dissuade the ECB from hiking rates to curb core inflation, which is a superior measure of price growth as it excludes food and energy prices, the FT adds.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>The IMF has <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b8fd27d-d36f-4e01-8b38-7485f8cb2eeb\">cut its economic growth forecast<\/a><\/strong><strong> for Egypt, saying it sees GDP growing 4.0% this year<\/strong>, a 0.4 percentage point trim from its previous forecast in October, according to its updated World Economic Outlook released yesterday.<\/li>\n<li><strong>Two Gulf lenders are positive on Egypt:<\/strong> Senior staff at Abu Dhabi Islamic Bank and National Bank of Kuwait both <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a1a47cfb-a3b4-4233-b8ba-95f6dfe4ebe5\">expressed optimism<\/a> about Egypt and their businesses here in interviews yesterday.<\/li>\n<li><strong>IDH pulls the plug on acquisition of a major stake in IDC:<\/strong> Integrated Diagnostics Holdings (IDH) has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4903d368-0c9c-4f9f-8a22-61e9c43d1248\">walked away from its bid<\/a> to acquire a major stake in one of Pakistan\u2019s largest diagnostics providers due to regulatory issues and challenging economic conditions.<\/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>It\u2019s the start of a new month:<\/strong> Here are the key news triggers over the coming weeks.<\/p>\n<ul>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt will hold its policy meeting this Thursday. Most of the analysts <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/89a865a7-f6fa-4818-8b55-f5e0fd8bb1e5\">we talked to last week<\/a> expect the central bank to raise interest rates by 100-200 bps.<\/li>\n<li><strong>PMI:<\/strong> S&P Global will publish January\u2019s PMI on Sunday, 5 February.<\/li>\n<li><strong>Foreign reserves:<\/strong> The central bank will release January\u2019s foreign reserves figures next week.<\/li>\n<li><strong>Inflation:<\/strong> The CBE and Capmas will publish inflation data for January the week after next.<\/li>\n<\/ul>\n<p><strong>The House of Representatives will reconvene on Sunday, 12 February,<\/strong> having adjourned yesterday after three days of debate.<\/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>?\ufe0f<strong>TOMORROW\u2019S WEATHER-<\/strong> We\u2019re looking at a cloudy day tomorrow. The mercury is set to reach 17\u00b0C during the day tomorrow in the capital city before dipping to 10\u00b0C at night, our favorite weather app tells us.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-privatization-program\/\">state privatization program<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n       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href='https:\/\/www.mashreqbank.com\/en\/egypt\/personal\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1600-x-768.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"581015\" 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=\"581015\">\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\/02\/01\/chinas-belt-and-road-initiative-has-not-stood-the-test-of-time-one-thing-ai-cant-do-yet-logical-and-social-reasoning\/\">\r\n                            China\u2019s Belt and Road initiative has not stood the test of time + One thing AI can\u2019t do yet: Logical and social reasoning                        <\/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\/02\/01\/chinas-belt-and-road-initiative-has-not-stood-the-test-of-time-one-thing-ai-cant-do-yet-logical-and-social-reasoning\/\" 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/chinas-belt-and-road-initiative-has-not-stood-the-test-of-time-one-thing-ai-cant-do-yet-logical-and-social-reasoning\/96-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/96.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"96.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/96.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/96.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-581015\" class=\"content-area-description single-story post-581015 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-ai tag-belt-and-road-initiative tag-enterprisepm tag-for-your-commute 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>Cracks in several of China\u2019s Belt and Road infrastructure mega-projects have come to<\/strong><strong> light: <\/strong>Over the last 10 years, China has disbursed USD 1 tn in foreign loans, as part of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bca22e31-fce7-4249-824f-5a44d357855d\">Belt and Road<\/a> initiative \u2014 intended to develop economic trade and expand China\u2019s influence across Asia, Africa and South America\u2014 making Beijing the largest government lender to the developing world, <a href=\"https:\/\/www.wsj.com\/articles\/china-global-mega-projects-infrastructure-falling-apart-11674166180\">the Wall Street Journal<\/a> reports, citing World Bank data. Now, some of these projects have come under fire for their poor construction, which risks obstructing important infrastructure and burdening countries with additional expenses \u2014 and heavy debt burdens \u2014 for several years as they attempt to address their issues.<\/p>\n<p><strong>One major example: Ecuador\u2019s main source of power is plagued with construction<\/strong><strong> issues: <\/strong>The USD 2.7 bn Coca Codo Sinclair hydroelectric plant in Ecuador \u2014 the country\u2019s biggest infrastructure project \u2014 is at risk of breaking down and its dam could potentially be damaged by the erosion of surrounding slopes. \u201cWe are suffering today because of the bad quality of equipment and parts\u201d in Chinese-built projects, said Ren\u00e9 Ortiz, Ecuador\u2019s former energy minister.<\/p>\n<p><strong>Cracks have also emerged elsewhere: <\/strong>The Neelum-Jhelum hydroelectric facility in Pakistan was shut down last year after inspectors found cracks in the tunnel that carries water through a mountain to power a turbine. Uganda\u2019s power generation company said it has identified over 500 construction defects in a Chinese-built 183 MW hydropower plant on the Nile that has experienced repeated breakdowns since it began operating in 2019.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Different training methods are required to advance AI softwares in logical and social<\/strong><strong> reasoning<\/strong>, researchers suggest. Although AI appears to write well-constructed sentences, it is incapable of processing thoughts to generate accurate arithmetic and spelling, nor delivering accurate ways to do simple tasks like frying an egg, <a href=\"https:\/\/www.theatlantic.com\/technology\/archive\/2023\/01\/chatgpt-ai-language-human-computer-grammar-logic\/672902\/\">The Atlantic<\/a> reports. MIT cognitive neuroscientist Anna Ivanova has shown, through brain scans, a clear separation between language and thought neurons \u2014 which is why patients with aphasia, suffering from the loss of the ability to understand or speak from brain damage, can still utilize their thought neurons and excel in tasks such as math, music, and coding.<\/p>\n<p><strong>Given that AI is permeating every aspect of our lives<\/strong>, softwares such as ChatGPT, with language mastery, must upscale their models to \u201cnavigate logical and social context,\u201d to be able to avoid mistakes, including disseminating false information, says Kyle Mahowald, a linguist professor at the University of Texas at Austin, and co-author of various <a href=\"https:\/\/www.researchgate.net\/scientific-contributions\/Kyle-Mahowald-2002173987\">linguistic papers<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/belt-and-road-initiative\/\">Belt and Road Initiative<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"581017\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"581017\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/581017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-581017\" class=\"content-area-description single-story post-581017 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.palmhillsdevelopments.com\/en-us\/home'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/Palm-Hills-The-Crown-web-dec-22.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"581018\" 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=\"581018\">\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\/02\/01\/the-old-man-a-retired-cia-operative-on-the-run\/\">\r\n                            The Old Man: A retired CIA operative on the run                        <\/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\/02\/01\/the-old-man-a-retired-cia-operative-on-the-run\/\" 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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Chase keeps a stash of money and fake IDs on hand \u2014 fitting, considering he\u2019s been living in hiding under an assumed identity for years after disobeying orders. When he kills an unknown man who breaks into his house, he is forced to go on the run. Harold Harper (John Lithgow), an assistant director at the FBI, who worked with Chase decades ago during the Soviet\u2013Afghan war, is tasked with tracking him down. He rents a room from Zoe McDonald (Amy Brenneman) who isn\u2019t aware that he is being chased and hides out with his dogs until the cat and mouse game resumes. You can stream the show on <a href=\"https:\/\/www.disneyplus.com\/series\/the-old-man\/UJUXlkCRAxTA\">Disney+<\/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\/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=\"581023\" 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 1 February, 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\/02\/01\/what-the-markets-are-doing-on-1-february-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 12.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>Oriental Weavers (+5.5%), CIRA Education (+2.3%) and Juhayna (+1.4%).<\/p>\n<p><strong>In the red: <\/strong>Talaat Moustafa Holding (-4.8%), GB Auto (-4.3%) and e-Finance (-4.1%).<\/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=\"581025\" 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=\"581025\">\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\">Sustainability<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/ultra-fast-fashion-comes-at-a-hefty-price\/\">\r\n                            Ultra-fast fashion comes at a hefty price                        <\/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\/02\/01\/ultra-fast-fashion-comes-at-a-hefty-price\/\" 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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Founded in 2008, the fashion giant is valued at some <a href=\"https:\/\/www.wsj.com\/articles\/shein-valued-at-100-billion-in-funding-round-11649126740\">USD 100 bn<\/a> and continues to <a href=\"https:\/\/www.wsj.com\/articles\/fast-fashion-juggernaut-sheins-sales-close-in-on-zara-h-m-11666949403\">generate bns of USD worth of annual sales<\/a> of low-cost clothing through its online store. But reports are mounting that scrutinize the company\u2019s alleged labor violations and environmentally damaging practices, which some critics say are on a larger scale than any of its fast-fashion peers.<\/p>\n<p><strong>Shein is deploying a tried and tested fast-fashion business model, on steroids: <\/strong>Similar to how most fast-fashion retailers operate, Shein\u2019s business model depends on providing a constantly changing inventory of clothes at an affordable price point. But the company, which holds some <a href=\"https:\/\/www.wired.com\/story\/fast-cheap-out-of-control-inside-rise-of-shein\/\">28% of the fast fashion<\/a> market in the US \u2014 pushes the model further than most. Shein releases some 700-1k new items every day and most of these new releases don\u2019t spend long on the company\u2019s virtual shelves \u2014 <a href=\"https:\/\/www.euronews.com\/green\/2022\/10\/17\/how-are-shein-hauls-making-our-planet-unlivable\">about 70% of its products<\/a> in stock are less than three months old and <a href=\"https:\/\/www.theguardian.com\/fashion\/2022\/apr\/10\/shein-the-unacceptable-face-of-throwaway-fast-fashion\">only 6% of its inventory<\/a> remains in stock for more than 90 days.<\/p>\n<p><strong>It\u2019s been the target of serious accusations of worker mistreatment:<\/strong> In <a href=\"https:\/\/www.thecut.com\/2022\/10\/shein-is-treating-workers-even-worse-than-you-thought.html\">an investigation<\/a> at two factories that supply clothes to Shein, undercover reporters discovered that workers were being severely mistreated, in violation of Chinese labor laws. Working 18-hour days with only one day off per month was the norm at these facilities, while workers had two-thirds of their daily wages docked if they made a mistake on clothing items, the investigation uncovered. Swiss watchdog group Public Eye <a href=\"https:\/\/stories.publiceye.ch\/en\/shein\/\">reportedly found<\/a> repeated fire hazards in the form of large clothing bags blocking the hallways and exits to some buildings.<\/p>\n<p><strong>And it's no small contributor to harmful emissions and waste: <\/strong>A separate investigation into Shein\u2019s manufacturing practices found that the company\u2019s use of polyester and oil is responsible for the release of some 6.3 mn tons of CO2 every year \u2014 the same amount of CO2 as 180 coal-fired power plants, according to <a href=\"https:\/\/ent.news\/2023\/1\/Synthetics-Anonymous-2.0-Report-final-web.pdf\">a report (pdf)<\/a> published on sustainability in fashion by the <a href=\"https:\/\/changingmarkets.org\/about\/\">Changing Markets Foundation<\/a>.<\/p>\n<p><strong>Fast fashion has long been scrutinized for its environmental practices: <\/strong>The fashion industry is responsible for up to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/864f2db5-a772-4b52-8da4-4247b5e0c4df\">some 8-10%<\/a> of global carbon emissions and 20% of wastewater globally. And at current levels of production, the industry is on track to grow its greenhouse gas emissions by over 50% by 2030.<\/p>\n<p><strong>And its endemic waste problem: <\/strong>Since 2000, the number of new garments produced annually has doubled to around 100 bn and some 87% of all textiles are eventually discarded and find their way into landfills or end up being incinerated.<\/p>\n<p><strong>In some instances, Shein has been found to use dangerous materials in their clothing: <\/strong>A <a href=\"https:\/\/www.cbc.ca\/news\/business\/marketplace-fast-fashion-chemicals-1.6193385\">CBC Marketplace investigation<\/a> last year found unsafe levels of harmful chemicals in about one in five fast-fashion products, including from Shein. One Shein toddler jacket contained about 20 times the amount of lead that Canadian health standards say is safe for children. The company removed the offending items from its stock.<\/p>\n<p><strong>But it\u2019s still drawing mns of customers: <\/strong>Shein\u2019s edge is no doubt the fact that its sells on-trend garments at a substantially lower price than many other fast fashion retailers, which for many consumers is an irresistible selling point. Add to that the company\u2019s aggressive marketing campaigns like the wildly popular #SHEINHAUL on TikTok, where people post videos of themselves unpacking large orders, and the company\u2019s apparent invincibility in the face of controversy starts to make some sense.<\/p>\n<p><strong>Shein has since come out and pledged to do better for workers in its partner facilities and the environment: <\/strong>The company <a href=\"https:\/\/www.businessoffashion.com\/news\/topics\/shein-sustainability-emissions-global-warming-fast-fashion\/\">late last year<\/a> said that it plans to reduce its supply chain emissions by 25% by 2030 and will spend some USD 7.6 mn on a partnership with the nonprofit Apparel Impact Institute, which helps manufacturers create efficiency schemes across their supply chains, to make good on this pledge. Shein also<a href=\"https:\/\/www.sheingroup.com\/corporate-news\/shein-commits-15m-to-improving-standards-at-suppliers-factories\/\">said<\/a> that it would require all its suppliers to become compliant with a code of conduct based on International Labor Organization principles and will run more audits of its suppliers\u2019 facilities.<\/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\/climate\/\">Climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fashion\/\">fashion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/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=\"581027\" 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\/02\/01\/581027\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-581027\" class=\"content-area-description single-story post-581027 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>FEBRUARY<\/strong><\/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-1 February (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/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>6-9 March (Monday-Thursday): EFG Hermes One-on-One conference, Atlantis, Dubai.<\/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>20-21 May (Saturday-Sunday): <a href=\"https:\/\/www.eglobexpo.com\/\">eGlob Expo<\/a>, St. Regis Almasa Hotel, Cairo.<\/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\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":581011,"template":"","categories":[],"tags":[],"class_list":["post-581010","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a20a2e92-8313-4fbf-9ddc-3df1e0dfd991","teaser":"","photo_url":"https:\/\/ent.news\/2023\/2\/94.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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