{"id":587492,"date":"2023-05-28T00:00:00","date_gmt":"2023-05-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=587492"},"modified":"2025-12-16T14:59:49","modified_gmt":"2025-12-16T14:59:49","slug":"industrial-clusters-and-our-export-potential","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/industrial-clusters-and-our-export-potential\/","title":{"rendered":"Industrial clusters and our export potential"},"content":{"rendered":"<section id=\"587494\" 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=\"587494\">\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\/05\/28\/this-evening-parliament-general-assembly-gives-preliminary-thumbs-up-to-tax-duty-development-fee-hikes\/\">\r\n                            THIS EVENING: Parliament general assembly gives preliminary thumbs up to tax, duty, development fee hikes                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/this-evening-parliament-general-assembly-gives-preliminary-thumbs-up-to-tax-duty-development-fee-hikes\/22-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/22.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"22.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/22.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/22.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-587494\" class=\"content-area-description single-story post-587494 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-enterprisepm tag-house-of-representatives tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.820b9387-80c9-40dd-ad83-a8ad8eab2f40.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good afternoon, wonderful people.<\/span><span style=\"\"> It\u2019s the last Sunday of May as we hurtle towards June and<\/span><span style=\"font-weight:400;\"> the full swing of the summer season \u2014 and it\u2019s looking like it\u2019s going to be a mad rush. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY TODAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Tax hikes get preliminary sign-off from House general assembly:<\/span><span style=\"\"> The House<\/span><span> of Representatives approved in principle a raft of tax, duty, and development fee hikes in its plenary session today, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2023\/05\/28\/1672189\" style=\"\">Al Borsa<\/a><\/span><span> reports. The final vote has been postponed to a later session. The hikes, which have been in limbo for 18 months, were approved by the House Planning and Budgeting Committee <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d50d35d1-3aeb-45a0-bd26-02a55934eb07\" style=\"\">last week<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY ABROAD<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Picking up from where we left off this morning, Biden and McCarthy finally reaching a<\/span><span style=\"font-weight:700\"> preliminary agreement over the US debt ceiling <\/span><span>is still leading the conversation in the international press. Their decision ends days of tense negotiations which would avoid the US defaulting \u2014 only if they are able to pass it through Congress before the US does not have money to pay its debts. McCarthy is expected to touch base with Biden today to prepare the bill for Wednesday, in light of the possible resistance from Democratic and Republican party lawmakers.  <\/p>\n<p><\/span><span style=\"font-weight:700\">The story is getting coverage in the international press:<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/us\/us-debt-ceiling-negotiations-push-towards-critical-default-deadline-2023-05-27\/\" style=\"\">Reuters<\/a><\/span><span>| <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-28\/white-house-republicans-reach-deal-to-avert-historic-us-default?srnd=politics-vp\" style=\"\">Bloomberg<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bbc.com\/news\/world-us-canada-65736734\" style=\"\">BBC<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/0c90fee8-880e-4d0e-9ea9-4c3838c56462\" style=\"\">Financial Times<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nytimes.com\/2023\/05\/27\/us\/politics\/debt-ceiling-deal.html\" style=\"\">New York Times<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">HAPPENING NOW- Turkey\u2019s presidential runoff election kicked off this morning<\/span><span style=\"\"> after the<\/span><span> polls opened at 8am and are set to close at 5pm. Incumbent president Tayyip Erdogan is vying for a third decade in power, and had defeated rival Kemal Kilicdaroglu in the first round of elections, but failed to secure the 50% required to avoid a runoff. A survey by Pollster Konda, conducted on May 20-21 showed that Erdogan had 52.7% support, while Kilicdaroglu had 47.3% support, accounting for undecided voters. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The story is getting coverage in the international press<\/span><span>: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/erdogan-positioned-extend-rule-turkey-runoff-election-2023-05-27\/#:~:text=The%20ZP%20won%202.2%25%20of,47.3%25%20after%20distributing%20undecided%20voters.\" style=\"\">Reuters<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-27\/turkey-election-erdogan-seeks-to-seal-victory-in-run-off-for-presidency?srnd=premium-middle-east#xj4y7vzkg\" style=\"\">Bloomberg<\/a><\/span><span>| <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.washingtonpost.com\/world\/2023\/05\/28\/turkey-election-runoff-erdogan-kilicdaroglu\/\" style=\"\">The Washington Post<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/turkey-presidential-election-erdogan-kilicdaroglu-d4f8adee43d7cc807b39d1f47ef4baea\" style=\"\">Associated Press<\/a><\/span><span>| <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theguardian.com\/world\/2023\/may\/28\/polls-open-turkish-election-runoff-erdogan-hopes-retain-power\" style=\"\">The Guardian<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">** CATCH UP QUICK<\/span><span style=\"\"> on the top stories from today\u2019s <\/span><span style=\"font-weight:700\">EnterpriseAM<\/span><span style=\"font-weight:400;\">:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Another raft of tax changes are back on the legislative agenda:<\/span><span> Tax changes that would reduce income tax for lower earners and raise tax for those on the higher incomes <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/57ae47d8-33eb-484e-9908-ac47ec53f363\" style=\"\">received approval from the House Planning and Budget Committee<\/a><\/span><span style=\"font-weight:400;\"> on Thursday. <\/span><\/li>\n<li><span style=\"font-weight:700\">More Chinese investment in the SCZone is in the cards:<\/span><span> The Suez Canal Economic Zone (SCZone) has <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fcb90924-b70d-4587-b5f5-cc652d64c922\" style=\"\">signed agreements with a number of Chinese companies that could see more than USD 700 mn invested in projects<\/a><\/span><span style=\"font-weight:400;\"> in China\u2019s TEDA industrial zone in Ain Sokhna, the zone said over the weekend.<\/span><\/li>\n<li><span style=\"font-weight:700\">Panda bond issuance coming next quarter?<\/span><span> The Finance Ministry<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0faeb7c5-9d69-4798-95bd-246d180c9746\" style=\"\">expects to go ahead with its maiden USD 500 mn CNY-denominated bond issuance<\/a><\/span><span style=\"font-weight:400;\"> in 3Q 2023.<br \/><\/span><\/li>\n<\/ul>\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/03\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">*** It\u2019s Inside Industry day \u2014<\/span><span style=\"font-weight:700\">your weekly briefing of all things industrial in Egypt.<\/span><span style=\"font-weight:400;\"> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In today\u2019s issue:<\/span><span style=\"\"> We look at how industrial clusters could play a key role in unlocking Egypt\u2019s<\/span><span style=\"font-weight:400;\"> export potential \u2014 and how SMEs have a big role to play. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help<\/span><span style=\"font-weight:700\"> us build some very cool new things.<\/span><span style=\"font-weight:400;\"> Enterprise \u2014 the essential morning read on all the important news shaping business and the economy in Egypt and the region \u2014 is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We have tons more in the pipeline \u2014 come help us build new publications.<\/span><span style=\"font-weight:400;\"> We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Journalists looking to explore business, finance and economic stories are welcome. So are recent journalism school graduates.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">That said, we're looking for gifted story-tellers from all walks of life and across all professions<\/span><span style=\"font-weight:400;\">, as long as they show a keen interest in learning to write about the stories, topics, businesses, and figures moving markets. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you\u2019re an equities analyst tired of the rat race, we\u2019re a great place to come work.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">NEVER WORKED IN A NEWSROOM BEFORE?<\/span><span style=\"font-weight:400;\"> We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">During the program you will learn:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The key news stories and trends shaping business and the economy in Egypt and the region, across various sectors;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Business and finance for non-finance people: Whether it's industry jargon or key concepts or simply how to read a balance sheet;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to construct an Enterprise story: From idea formulation down to the structure, style and tone of writing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to develop sources that will give you the key insights needed to tell a complete story;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to communicate these stories with the confidence and language of an insider.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Not an internship program \u2014 a career:<\/span><span style=\"font-weight:400;\"> The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists, while also working on and filing stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Apply directly to jobs@enterprisemea.com and mention \u201cwriting development program\u201d<\/span><span> in your subject line.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">\u2600\ufe0f <\/span><span style=\"font-weight:700\">TOMORROW\u2019S WEATHER- <\/span><span style=\"\">Sunny skies will be making a comeback, along with a high of<\/span><span style=\"font-weight:400;\"> 33\u00b0C and a low of 20\u00b0C after 48 hours of dusty weather, as per our favorite weather app. <\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"587496 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"587496\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/587496\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-587496\" class=\"content-area-description single-story post-587496 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreqbank.com\/en\/uae\/personal\/branding\/brand-home\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/02\/Mashreq-15feb2023-1600-x-768.jpg\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"587497\" 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=\"587497\">\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\/05\/28\/justine-triet-earns-palme-dor-for-anatomy-of-a-fall-neuralink-just-got-fda-approval-for-human-trials\/\">\r\n                            Justine Triet earns Palme d\u2019Or for Anatomy of a Fall + Neuralink just got FDA approval for human trials                        <\/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\/05\/28\/justine-triet-earns-palme-dor-for-anatomy-of-a-fall-neuralink-just-got-fda-approval-for-human-trials\/\" 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\" 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<img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1502.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"587498\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/justine-triet-earns-palme-dor-for-anatomy-of-a-fall-neuralink-just-got-fda-approval-for-human-trials\/1502-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1502.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1502.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1502.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1502.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-587497\" class=\"content-area-description single-story post-587497 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-elon-musk tag-enterprisepm tag-film tag-for-your-commute wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.09db2036-3393-49ce-b8fe-70175859a706.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Justine Triet\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.imdb.com\/title\/tt17009710\/\" style=\"\">Anatomy of a Fall<\/a><\/span><span style=\"font-weight:700\"> took home the Palme d\u2019Or at the Cannes Film Festival,<\/span><span>marking the third time a woman-directed film has earned the prestigious award, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/cannes-2023-awards-palme-dor-9bf6c33b3bed2b8ce75d64ce0a598082\" style=\"\">Associated Press<\/a><\/span><span style=\"font-weight:400;\">. The French courtroom drama stars Sandra Huller as a writer trying to clear her name from her husband\u2019s death. This year\u2019s edition of the film festival included seven films directed by women out of the 21 films in competition, setting a new record \u2014 and standing in stark contrast with the complete absence of women-directed films at the festival four decades ago. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Other prizes awarded at the festival:<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imdb.com\/title\/tt7160372\/\" style=\"\">The Zone of Interest<\/a><\/span><span style=\"\">, directed by Jonathan Glazer and also starring Huller, was awarded the Grand Prix.<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imdb.com\/title\/tt21027780\/\" style=\"\">Fallen Leaves<\/a><\/span><span style=\"\">, directed by Finland\u2019s Aki Kaurism\u00e4ki,<\/span><span> earned the Cannes Jury Prize, while Japanese Koji Yakusho walked away with the Best Actor award for his performance in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imdb.com\/title\/tt27503384\/\" style=\"\">Perfect Days<\/a><\/span><span> and Merve Dizdar was named Best Actress for her performance in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imdb.com\/title\/tt13231544\/\" style=\"\">About Dry Grasses<\/a><\/span><span>. You can check out the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.festival-cannes.com\/en\/press\/press-releases\/the-76th-festival-de-cannes-winners-list\/\" style=\"\">full list of prizewinners here<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Saudi Arabia\u2019s nascent film industry also got its time in the sun at Cannes:<\/span><span style=\"\"> Saudi<\/span><span> producers were featured in the opening credits of three films, including Johnny Depp\u2019s Jeanne du Barry, competing for Palme d\u2019Or award, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-28\/saudi-arabia-s-five-year-old-film-industry-hits-cannes-festival?srnd=premium-middle-east#xj4y7vzkg\" style=\"\">Bloomberg<\/a><\/span><span> reports. Saudi \u201calso sponsored multiple events in Cannes,\u201d including a cinema night and a forum for MENA executives to discuss \u201ctips for finding financing, partners and locations in the region,\u201d the business information service said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Elon Musk\u2019s brain-chip startup <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/neuralink.com\/\" style=\"\">Neuralink<\/a><\/span><span style=\"font-weight:700\"> has been cleared to begin human trials on its<\/span><span style=\"font-weight:700\"> brain computer-interface product<\/span><span>, the company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/neuralink\/status\/1661857379460468736\" style=\"\">announced<\/a><\/span><span> on Friday. While no official date has been made public yet, the company website states that the patient registry will soon accept applications from individuals aged 18+ living in the US who suffer from quadriplegia, paraplegia, vision, hearing, or speech impairment and are able to give consent. The purpose of the brain implant is to \u201c<\/span><span>restore independence and improve lives\u201d for individuals with disabilities, the website says, but the company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/neuralink\/status\/1648478559093264387?cxt=HHwWhsDQ6f6gyeAtAAAA\" style=\"\">has also said<\/a><\/span><span> it intends to work on products that will \u201csurpass able-bodied human performance with our technology.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">How does it work?<\/span><span style=\"\"> Because of how minute the procedure is, it can only be performed through<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/neuralink.com\/\" style=\"\">surgical robots<\/a><\/span><span> that are programmed to insert threads<\/span><span> with electrical components that then translate brain activity and transmit it to computers. This can help people with disabilities overcome their physical restrictions. Neuralink had showcased its technology <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75b46198-eeb9-4f78-81cf-25219caf31c2\" style=\"\">last year<\/a><\/span><span style=\"font-weight:400;\"> by embedding the chips in monkeys\u2019 brains, allowing them to play video games just by thinking about the physical motions of the game.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Others are at it too:<\/span><span style=\"\"> Neuralink is not the only company looking into high-tech medical solutions.<\/span><span> The technology has been advancing for decades with companies like <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/blackrockneurotech.com\/\" style=\"\">Blackrock Neurotech<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/synchron.com\/\" style=\"\">Synchron<\/a><\/span><span>having already implanted devices in at least 42 people\u2019s brains around the world, although none have indicated plans to transcend the normal abilities of healthy bodies, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.washingtonpost.com\/business\/2023\/05\/25\/elon-musk-neuralink-fda-approval\/\" style=\"\">Washington Post<\/a><\/span><span style=\"font-weight:400;\"> reports. <\/span><\/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\/elon-musk\/\">Elon Musk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n    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Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"587500\">\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\/05\/28\/the-lobster-a-dystopian-take-on-the-societal-pressure-on-love-and-monogamy\/\">\r\n                            The Lobster: A dystopian take on the societal pressure on love and monogamy                        <\/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\" 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<\/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\/05\/28\/the-lobster-a-dystopian-take-on-the-societal-pressure-on-love-and-monogamy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-587500\" class=\"content-area-description single-story post-587500 post type-post status-publish format-standard 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<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.21988d21-a7cf-415f-b200-40f29d5c95b8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">? <\/span><span style=\"font-weight:700\">ON THE TUBE TONIGHT-<br \/><\/span><span style=\"font-weight:400;\">(all times CLT)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">A dystopia where being single is punishable:<\/span><span style=\"\"> The Lobster is a dystopian dark comedy that<\/span><span> takes place in a society where being single is forbidden, and the punishment for failing to find a romantic partner in 45 days is being transformed into an animal of your choice. The protagonist, David (Colin Farrell) finds himself single after his wife leaves him, and gets checked into a hotel with other single people, where he\u2019s expected to find a partner. Policies are severely enforced at the hotel, including requirements for strict monogamy and prohibiting any romantic contact between singles who aren\u2019t in a relationship yet. David eventually becomes romantically involved with another single person, but when she becomes blind, he must decide whether to remain with her or find another partner. The film provides an innovative depiction of the concept of love, relationships, and the pressure society places on individuals to conform. You can watch The Lobster on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.netflix.com\/title\/80058480\" style=\"\">Netflix<\/a><\/span><span> or <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.amazon.com\/Lobster-Colin-Farrell\/dp\/B01I0QLD1U\" style=\"\">Amazon<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/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=\"587505\" 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\" 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class=\"stk-column-wrapper stk-block-column__content stk-container stk-xvp7kr9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-xvp7kr9-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-dmhxg3r\" data-v=\"4\" data-block-id=\"dmhxg3r\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-dmhxg3r-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-dmhxg3r-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n   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   <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/what-the-markets-are-doing-on-28-may-2023\/\">\r\n                            What the markets are doing on 28 May, 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\/05\/28\/what-the-markets-are-doing-on-28-may-2023\/\" target=\"_blank\">\n                    Open in new tab           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href=\"https:\/\/api.whatsapp.com\/send?text=What+the+markets+are+doing+on+28+May%2C+2023+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F05%2F28%2Fwhat-the-markets-are-doing-on-28-may-2023%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/what-the-markets-are-doing-on-28-may-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-587506\" class=\"content-area-description single-story post-587506 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.f7b3b7f6-cd6c-427c-b7a6-f6f2d7a12f6e.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EARNINGS WATCH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Talaat Moustafa Group reported around <\/span><span style=\"font-weight:700\">EGP 747.5 mn in net income in 1Q 2023, up about<\/span><span style=\"font-weight:700\"> 32% y-o-y<\/span><span>, according to an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/1479.pdf\" style=\"\">EGX disclosure (pdf)<\/a><\/span><span>. The company\u2019s revenues during the quarter came in at roughly EGP<\/span><span> 4.44 <\/span><span>bn, about<\/span><span> 47%<\/span><span style=\"font-weight:400;\"> up y-o-y.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Alexandria Container and Cargo Handling company reported EGP 3.2 bn in net income in<\/span><span style=\"font-weight:700\"> 9M 2023<\/span><span>, up <\/span><span>15<\/span><span>2% y-o-y, according to an<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/1481.pdf\" style=\"\">EGX disclosure (pdf<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/1481.pdf\" style=\"\">)<\/a><\/span><span>.<\/span><span> The company recorded revenues of EGP 3.4 bn, up <\/span><span>8<\/span><span style=\"font-weight:400;\">5.4% y-o-y.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARKET ROUNDUP-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The EGX30 rose 0.5% at today\u2019s close<\/span><span style=\"\"> on turnover of EGP 1.89 bn. Regional investors were<\/span><span style=\"font-weight:400;\"> net buyers. The index is up 17.4% YTD.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In the green: <\/span><span style=\"font-weight:400;\">Edita (+11.3%), Abu Dhabi Islamic Bank (+7.5%) and Ibnsina Pharma (+5.2%).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In the red: <\/span><span>Taaleem (-5.0%), Abu Qir Fertilizers (-1.6%) and Ezz Steel (-1.4%).<\/span><\/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<div class=\"alignfull inside-industry vertical-section wide-section wp-block-group issue-section\" id=\"587507\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27470.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly look at the issues, trends, and policies that are shaping Egypt's manufacturing industries.                <\/p>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Sunday in EnterprisePM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/inside-industry\/\">\r\n                            Read Inside Industry                            \r\n                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\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\">INSIDE INDUSTRY<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/what-industrial-clusters-can-do-to-support-egypts-exports-sme-development\/\">  \r\n                            How can industrial clusters support Egypt\u2019s exports and SME development?<\/a>\r\n                        <\/h3>\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\/inside_industry\/what-industrial-clusters-can-do-to-support-egypts-exports-sme-development\/\" 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\/inside_industry\/what-industrial-clusters-can-do-to-support-egypts-exports-sme-development\/')\">\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\/inside_industry\/what-industrial-clusters-can-do-to-support-egypts-exports-sme-development\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What industrial clusters can do to support Egypt\u2019s exports + SME development&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/what-industrial-clusters-can-do-to-support-egypts-exports-sme-development\/\">\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\/inside_industry\/what-industrial-clusters-can-do-to-support-egypts-exports-sme-development\/&title=What industrial clusters can do to support Egypt\u2019s exports + SME development\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+industrial+clusters+can+do+to+support+Egypt%E2%80%99s+exports+%2B+SME+development+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Fwhat-industrial-clusters-can-do-to-support-egypts-exports-sme-development%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>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/what-industrial-clusters-can-do-to-support-egypts-exports-sme-development\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1483.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"587508\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/what-industrial-clusters-can-do-to-support-egypts-exports-sme-development\/1483-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1483.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1483.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1483.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1483.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-587507\" class=\"content-area-description post-587507 inside_industry type-inside_industry status-publish has-post-thumbnail hentry category-inside-industry tag-enterprise-inside-industry tag-enterprisepm tag-idg tag-inside-industry tag-mohamed-el-gebely tag-nada-el-ahwal tag-shady-williams tag-smes tag-usaid-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Are industrial clusters an accelerant for both our exports and SME development?<\/span><span> Clusters have been a mainstay of FDI and exports across Europe, South East Asia, and India, as well as a way that SMEs have contributed to the production of goods for exports. <\/span><span>We\u2019ve tried our hand in the past with projects that bring together certain industries in one place, but these haven\u2019t translated into a real boom in exports from these industries<\/span><span style=\"font-weight:400;\">. So how can we leverage industrial clusters to bring a competitive edge to Egypt by drawing in investment and business that would otherwise have gone elsewhere in the world? <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Delivering their experience and recommendations during the Enterprise FDI and Export Forum: <\/span><span>Shady Williams (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/shady-william-950a7227\/?originalSubdomain=eg\" style=\"\">LinkedIn<\/a><\/span><span>), managing director of IDG, Mohamed El-Gebely (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/mohamed-f-el-gebely-518093104\/?originalSubdomain=eg\" style=\"\">LinkedIn<\/a><\/span><span>), team leader of USAID Trade and Nada El Ahwal (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/nadaelahwal\/?trk=public_profile_browsemap&originalSubdomain=eg\" style=\"\">LinkedIn<\/a><\/span><span style=\"font-weight:400;\">), CSO of Transmar. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Where do we currently stand?<\/span><span style=\"font-weight:400;\"> We have government-initiated and created industrial zones in Egypt such as 10th of Ramadan City and 6th of October, explained Williams. We also have ground-up developed clusters that have come about naturally, like Damietta, an area that became known as a hub for furniture production through generational growth. This could mean that if we integrate the establishment of industrial clusters alongside urban planning in Egypt, we could create a sector and geographic specific ecosystem, he said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A balancing act: <\/span><span style=\"font-weight:400;\">Creating a cluster is complex \u2014 you can\u2019t just tell a company owner where to open their business, Williams added. Instead, the area needs to draw in the business largely through on-the-ground infrastructure. Zones like 10th of Ramadan and 6th of October continue to attract businesses as there is a general understanding of work forces, services, facilities, and logistics processes within the area. On the other hand, areas picked for zones or clusters need to be ready to accept and support the business. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Common ground:<\/span><span style=\"font-weight:400;\"> Most manufacturers seek the advantages of clusters, said WIlliams, which provide a space where similar businesses operate, creating a natural spillover of knowledge and logistics sharing within a cluster. While pulled resources allow the use of common facilities along the entire production chain, simplifying procedures and cutting costs and productivity. Clusters also provide a level of creativity, says Williams, as companies are able to hold on to their labor forces, benefit from research and development and take advantage of all facilities available. In total, big ticket benefits like cheaper energy, supply chain ease and labor are more of a pull to manufacturers than location, said El Ahwal. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Keeping tech in mind when building clusters is key for efficiency and digitalization<\/span><span style=\"font-weight:400;\">, said Mohamed El Gebely, as is growing clusters close to the source of a competitive advantage, whether that be a labor force or supply chain component. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">So, which industries should we be targeting for future clusters?<\/span><span style=\"font-weight:400;\"> Clusters should be placed in areas that make sense, says El Ahwal, using existing logistical infrastructure to their advantage, like ports. Agricultural produce would cater to a North Egypt or Delta cluster, she said, while a Red Sea port cluster focused on renewable energy, which with its global significance and our natural resources would be a \u201cclear and quick win.\u201d <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We also have a strong competitive advantage with cement and its derivatives<\/span><span>, and that advantage is particularly strong right now as the traditional regional exporter \u2014 Turkey \u2014 is recuperating from the earthquake, El Ahwal continued.<\/span><span style=\"font-weight:400;\"> Finally, she looked to raw materials, which currently are produced in Egypt and exported cheaply abroad to countries which process them to be sold at 10x the price. An Upper Egypt cluster focused on commodity processing would act as an intermediate step increasing the value of our exports. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The list should also include the tech and fintech sectors <\/span><span>\u2014<\/span><span style=\"font-weight:400;\"> two industries that have proven track records in the past, Williams said. With Egypt\u2019s language abilities and quality we have been successful in call centers, Williams said, as well as the software development industry. El Gebely also pointed to the garments sector and engineering products as potential options for clusters. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">SMEs are key to the cluster puzzle: <\/span><span style=\"font-weight:400;\">In bulk, small and medium enterprises (SMEs) can help grow a sector into a bigger cluster and industry. Governments can set off natural cluster creation by harnessing anchor tenants or a collection of SMEs in an area, saidEl Ahwal. However, unless there is a geographical advantage \u2014 such as the proximity of natural resources for Damietta \u2014 SMEs tend to be situated in urban centers. To attract SMEs, the government needs to heavily subsidize sectors in return for growth that will likely yield returns after 10 years, says Williams.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Clusters can\u2019t work without a workforce:<\/span><span style=\"font-weight:400;\"> Labor intensive industries, which tend to be the tenants of clusters, need large, trained workforces. We need to create a robust ecosystem that attracts SMEs and a sizable labor force that will make companies want to be close to the source of a competitive edge. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">It\u2019s not enough to just create the cluster \u2014 we still need to export products that match international standards and quality guarantees. <\/span><span style=\"font-weight:400;\">This rests on local manufacturers, says Williams, who does not think that our producers currently have the required up-to-date knowledge nor technology to create high-quality products. Egypt also lacks guidelines that force manufacturers' hands when it comes to meeting quality standards. But it also falls on the Egyptian market to demand quality in order to improve standards, he said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Hard work, patience, and commitment:<\/span><span style=\"font-weight:400;\"> It will be difficult, says Williams, to create functioning clusters that produce targeted quality products for export, with it usually taking close to 20 years for a country to be recognized for an industry.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">It\u2019s all about the competitive edge:<\/span><span style=\"font-weight:400;\"> Attracting foreign businesses into Egypt requires offering services and incentives that will provide savings of between 25-30%, says El Ahwal. Without those savings no company will consider leaving their origin country. Egypt could easily offer these cuts through the availability of cheap labor and energy \u2014 yet companies will still not come if conducting business is inefficient, difficult to manage, and still expensive. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Instead of focusing on our SMEs, we focus on long-term markets:<\/span><span style=\"font-weight:400;\"> We need to consider where we have a competitive edge in global trade by considering where the opportunities are in global demand. This is key as Egypt is working against countries with similar advantages, but not the same disadvantages, El Ahwal said. From here we build a sustainable source of this in Egypt which is fed by clusters. Foreign direct investment and SMEs will follow suit, helped by roadshow marketing of our clusters. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Investing in training plays a role in setting up a successful and sustainable cluster: <\/span><span style=\"font-weight:400;\">Companies must focus on training their work forces as it is the key differentiator to provide quality and effective products, said Williams. Clusters provide a location for training academies from which a skilled labor force can directly enter the market. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Looking <\/span><span style=\"font-weight:700\">forward<\/span><span style=\"font-weight:700\">? <\/span><span style=\"font-weight:400;\">When assessing the future of Egypt\u2019s clusters we need to consider how the makeup of the logistics sector will proceed in the country, said El Ahwal, pointing to Transmar\u2019s focus on the growth of Egypt\u2019s shipping lines and how they can continue to support exports. The creation of a clear strategy will make clear the ways in which to target high potential sectors, said El Gebely. Williams concluded the panel, drawing on the importance of the private sector pulling together and supporting each other in order for clusters to succeed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Your top industrial development stories for the week:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Abu Qir Fertilizers\u2019 board agreed last week to establish a new company dubbed<\/span><span style=\"font-weight:700\"> North Abu Qir for Agricultural Nutrients<\/span><span> with a paid and issued capital of EGP 1 bn and an authorized capital of EGP 10 bn, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/1197.pdf\" style=\"\">a disclosure to the bourse (pdf)<\/a><\/span><span>.<\/span><\/li>\n<\/ul>\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\/idg\/\">IDG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inside-industry\/\">INSIDE INDUSTRY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-el-gebely\/\">Mohamed El Gebely<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nada-el-ahwal\/\">Nada El Ahwal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shady-williams\/\">Shady Williams<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/usaid-trade\/\">USAID Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"587509\" 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\/05\/28\/587509\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-587509\" class=\"content-area-description single-story post-587509 post type-post status-publish format-standard hentry category-the-enterprise-entertainment-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> THE ENTERPRISE ENTERTAINMENT CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MAY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 May-10 June (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/m.facebook.com\/events\/209638298512385?mibextid=Z0UBBX\" style=\"\">Cairo Cinema Days<\/a><\/span><span style=\"font-weight:400;\"> at Zawya Cinema, Downtown Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 May (Wednesday): Last day of Omar Abdel Zaher\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.safarkhan.com\/exhibitions\/27-roots-omar-abdel-zaher\/overview\/\" style=\"\">Roots<\/a><\/span><span> exhibition at the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/goo.gl\/maps\/HGGcsG6onyFbnCez9\" style=\"\">Safarkhan Art Gallery<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">24-25 (Wednesday-Thursday): Disco Misr at El Sawy Culturewheel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-27 May (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/soundandlight.show\/en?gclid=Cj0KCQjwmZejBhC_ARIsAGhCqnfL68VH44SarDgoutcPaM_x96XuZkF--mMORdbN8RGhFw6IzA0-QRgaAuPCEALw_wcB\" style=\"\">Pyramids Sound and Light Show<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 May (Thursday-Saturday): TriFactory\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thetrifactory.com\/somabay\" style=\"\">Somabay Endurance Festival<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27 May-27 June (Saturday-Tuesday): Annual Flower Exhibition from 10am at the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/goo.gl\/maps\/LRKyd1y1m3uRR9gFA\" style=\"\">Agricultural Museum<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9 June (Friday): TriFactory Madinaty Half Marathon.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 June (Saturday): Thanaweya Amma examinations <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/moe.gov.eg\/what-s-on\/news\/dates-for-the-exams\/\" style=\"\">begin<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15 June (Thursday): Last day of the Traces of Egypt Exhibition at the Grand Egyptian Museum.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 June-2 July (Wednesday-Sunday): Eid El Adha (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30 June (Friday): June 30 Revolution Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JULY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18 July (Tuesday): Islamic New Year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 July (Thursday): National holiday in observance of Islamic New Year (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 July (Sunday): Revolution Day. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27 July (Thursday): National holiday in observance of Revolution Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">SEPTEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 September (Tuesday): Prophet Muhammad\u2019s birthday (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 September (Thursday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6 October (Friday): Armed Forces Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">13 October- 20 October (Friday-Friday): The sixth edition of El Gouna Film Festival (GFF).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2023: The inauguration of the Grand Egyptian Museum.<\/span><\/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":587493,"template":"","categories":[],"tags":[],"class_list":["post-587492","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2407ea28-5b46-4520-86be-1a8025f816a5","teaser":"","photo_url":"https:\/\/ent.news\/2022\/6\/229.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Industrial clusters and our export potential - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/industrial-clusters-and-our-export-potential\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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