{"id":598463,"date":"2023-08-13T00:00:00","date_gmt":"2023-08-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=598463"},"modified":"2025-12-16T20:27:19","modified_gmt":"2025-12-16T20:27:19","slug":"ai-in-space","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/ai-in-space\/","title":{"rendered":"AI in space"},"content":{"rendered":"<section id=\"598465\" 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=\"598465\">\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\/08\/13\/this-evening-another-potential-sports-club-ipo\/\">\r\n                            THIS EVENING: Another potential sports club IPO?                        <\/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\/08\/13\/this-evening-another-potential-sports-club-ipo\/\" 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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The potential listing of the two entities comes after Ghazl El Mahalla FC attempted to become the first publicly-traded sports club in Egypt last year, but was left unable to find buyers, forcing the club to abandon the sale.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY ABROAD <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> It\u2019s one of those Sunday afternoons where the international business press has no <\/strong><strong> unifying story leading the conversation <\/strong>, leaving us with a handful of headlines to take note of:<\/p>\n<ul>\n<li>Maui wildfires deadliest in century as death toll hits 93 (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/death-toll-maui-fires-hits-least-80-damages-billions-dollars-2023-08-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/as-maui-fires-leave-at-least-80-dead-some-residents-return-a3b7d2a4?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>)<\/li>\n<li>Credit Suisse retail investors plan lawsuit challenging UBS takeover (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ea095a8a-075c-4a55-b240-cdf30eef765d\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/li>\n<li>China\u2019s economic woes deepen with housing market slump (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-12\/chinese-economic-woes-deepen-with-housing-in-focus?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong> ** CATCH UP QUICK <\/strong> on the top stories from today\u2019s <strong> EnterpriseAM <\/strong>:<\/p>\n<ul>\n<li><strong> Inflation <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9775147-75a5-4479-8f40-f4631fd233be\" style=\"\" rel=\"noopener\">accelerated at a record pace<\/a><\/strong><strong> for the second month running in July <\/strong>, as surging food costs and the impact of a series of devaluations maintained upward pressure on prices.<\/li>\n<li><strong> The pundits <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/281327fe-e0f6-4ae2-b4e3-7cc9106b5b6d\" style=\"\" rel=\"noopener\">were in overdrive<\/a><\/strong><strong> late last week and into the weekend <\/strong>, with everyone from Moody\u2019s (more threats of a downgrade) to Citi (no longer bullish on our debt) and Bloomberg (devaluation is inevitable) weighing in on where the Egyptian economy goes next. <\/li>\n<li><strong> The budget deficit came in lower than expected last FY: <\/strong> Egypt\u2019s budget deficit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f882c42-fad4-42ef-9c5e-357fb09af68e\" style=\"\" rel=\"noopener\">narrowed to 6.0%<\/a> in the 2022-2023 fiscal year that ended on 30 June.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 <\/strong><strong> September at the St. Regis Hotel in Cairo. <\/strong>This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/finance.enterprise.news\/\" style=\"\" rel=\"noopener\">TAP OR CLICK HERE<\/a><\/strong><strong> if you want to express interest in attending. <\/strong>We\u2019ll be sending out the first batch of invitations soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Do you want to become a commercial partner? <\/strong> Ping a note to <a target=\"_blank\" href=\"mailto:mtaalab@inktankir.com\" style=\"\" rel=\"noopener\">Moustafa Taalab, our head of commercial<\/a>, or fill out <a target=\"_blank\" href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\" rel=\"noopener\">this form<\/a> and we\u2019ll be in touch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> STAY TUNED for more detail <\/strong>about our agenda.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> LISTEN TO OUR PODCAST- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> MISSED OUR PREVIOUS FORUMS? <\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\" rel=\"noopener\">The Enterprise<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\" rel=\"noopener\">Podcast has you covered<\/a><\/strong><strong> : <\/strong> The Enterprise Podcast\u2019s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum and Enterprise Climate Forum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> WANT TO LISTEN? Head to: <\/strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136?i=1000624249910\" style=\"\" rel=\"noopener\">Apple Podcast<\/a> | <a target=\"_blank\" href=\"https:\/\/open.spotify.com\/episode\/3i70JDa1bM3kGLLH2sm7a6?si=mrr995svRkK12tS_7vdufg&nd=1\" style=\"\" rel=\"noopener\">Spotify<\/a> | <a target=\"_blank\" href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/YTgyM2Y1OTUtZWMxOS00YTg2LTk0MjMtYjA1YzAwZGVhN2Mx?sa=X&ved=0CAYQkfYCahcKEwjI8rf4z9eAAxUAAAAAHQAAAAAQNA\" style=\"\" rel=\"noopener\">Google Podcast<\/a> | <a target=\"_blank\" href=\"https:\/\/play.anghami.com\/episode\/1121361311?adj_t=dgl0aa8_64v1dnl&adj_campaign=ios&adj_adgroup=episode&adj_creative=126401725\" style=\"\" rel=\"noopener\">Anghami<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> IN THIS WEEK\u2019S EPISODE- It\u2019s the very first panel of the Enterprise Climate Forum: <\/strong> Egypt brought home major victories from COP27, signing framework agreements for about USD 85 bn worth of green hydrogen projects, and announcing more than USD 10 bn in funding for the Nexus for Food, Water and Energy (NWFE) program. While we have a long way to go before much of the wins from COP27 will be tangible to the private sector, the opportunities in green hydrogen and NWFE are \u201cnow.\u201d Our panelists helped explain how these two can be made actionable. We were joined by <strong> Jorgo Chatzimarkakis, <\/strong> CEO of Hydrogen Europe, <strong> Khalid Hamza, <\/strong> Director and head of Egypt at the European Bank for Reconstruction and Development, and <strong> Khaled Naguib, <\/strong> CEO of Hydrogen Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong> *** It\u2019s Inside Industry day \u2014 <\/strong><strong> your weekly briefing of all things industrial in Egypt. <\/strong> 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> In today\u2019s issue: <\/strong> We look at what a shortfall in natural gas supplies \u2014 caused by a combination of lower output levels and higher demand during successive summer heatwaves \u2014 means for Egypt\u2019s fertilizer industry.<\/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 target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">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\"><strong> \u2600\ufe0f <\/strong><strong> TOMORROW\u2019S WEATHER- <\/strong>The mercury is set to rise again tomorrow, hitting a daytime high of 40\u00b0C, before falling to an evening low of 24\u00b0C, according to our favorite weather app.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598467 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"598467\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/13\/598467\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598467\" class=\"content-area-description single-story post-598467 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreqbank.com\/en\/uae\/personal\/branding\/brand-home\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/135.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598468\" 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=\"598468\">\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\/08\/13\/ai-algorithms-can-now-detect-asteroids-faster-could-oil-and-gas-tech-be-a-boon-for-the-climate\/\">\r\n                            AI algorithms can now detect asteroids faster + Could oil and gas tech be a boon for the climate?                        <\/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\/08\/13\/ai-algorithms-can-now-detect-asteroids-faster-could-oil-and-gas-tech-be-a-boon-for-the-climate\/\" 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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/13\/ai-algorithms-can-now-detect-asteroids-faster-could-oil-and-gas-tech-be-a-boon-for-the-climate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/506.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"598469\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/13\/ai-algorithms-can-now-detect-asteroids-faster-could-oil-and-gas-tech-be-a-boon-for-the-climate\/506-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/506.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"506.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/506.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/506.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598468\" class=\"content-area-description single-story post-598468 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-ai tag-enterprisepm tag-for-your-commute tag-science 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\/8\/.0d52fb62-321f-4135-9522-0febcba125c8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The kind of things that make us thankful for robots: Asteroid detection AI <\/strong><strong> algorithms: <\/strong> A new AI algorithm has discovered a 180-meter-wide potentially hazardous asteroid that is predicted to pass within 225k km of Earth \u2014 bringing it closer to us than the moon, the University of Washington\u2019s DiRAC Institute said in a <a target=\"_blank\" href=\"https:\/\/www.washington.edu\/news\/2023\/07\/31\/heliolinc3d\/\" style=\"\" rel=\"noopener\">statement<\/a>. The algorithm, which is currently under trial, was developed for the Vera C. Rubin Observatory to \u201cidentify near-Earth asteroids with fewer and more dispersed observations than required by today\u2019s methods,\u201d the press release states.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Too close for comfort, but there\u2019s no immediate threat: <\/strong> While the asteroid, dubbed 2022 SF289, is not yet identified as a threat nor is it expected to collide with our planet, scientists are using the AI algorithm to keep an eye on the body, as well as other potential threats, according to <a target=\"_blank\" href=\"http:\/\/space.com\/\" style=\"\" rel=\"noopener\">Space.com<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The algorithm is making the monitoring process much easier: <\/strong> Typical monitoring for asteroids that are deemed \u201cpotentially hazardous\u201d entails taking pictures of parts of the sky at least four times every night. The new AI algorithm, on the other hand, is able to do the same job twice as fast with the support of the Rubin Observatory\u2019s state-of-the-art 8.4-meter mirror and 3.2k megapixel camera, the statement notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong> Could oil and gas drilling technology actually be a boon for renewables? <\/strong> Geothermal startup <a target=\"_blank\" href=\"https:\/\/fervoenergy.com\/\" style=\"\" rel=\"noopener\">Fervo Energy<\/a> recently <a target=\"_blank\" href=\"https:\/\/fervoenergy.com\/fervo-energy-announces-technology-breakthrough-in-next-generation-geothermal\/\" style=\"\" rel=\"noopener\">achieved a breakthrough<\/a> by using fracking technology in geothermal power production during a test of a commercial-scale power plant that would generate 3.5 MW of electricity \u2014 enough energy to power about <a target=\"_blank\" href=\"http:\/\/www.caiso.com\/about\/Pages\/OurBusiness\/Understanding-electricity.aspx\" style=\"\" rel=\"noopener\">2.6k homes<\/a>. The technology from the oil and gas industry \u2014 the perennial enemy of the climate \u2014 can be wielded for climate action and his vision for the future of geothermal energy, Fervo co-founder and CEO Tim Latimer said in an interview with <a target=\"_blank\" href=\"https:\/\/time.com\/6302342\/fervo-fracking-technology-geothermal-energy\/\" style=\"\" rel=\"noopener\">Time<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Fracking? <\/strong>This <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/is-us-shale-oil-revolution-over-kemp-2022-11-22\/\" style=\"\" rel=\"noopener\">technique<\/a> for extracting oil and natural gas from underground rock formations uses a combination of horizontal drilling and hydraulic fracturing \u2014 i.e. injecting specialized fluid into the rock to create fractures or fissures that allow for a greater flow of fossil fuels. In Fervo\u2019s case, the company uses the technique to produce geothermal energy rather than extract fossil fuels: It drills sideways into hot, porous rocks then pumps water in, producing steam to generate electricity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The economics of Fervo\u2019s technique: <\/strong>Fervo\u2019s technology allows it to drill to deeper wells at a lower cost. The most economical sources of geothermal power have traditionally been \u201creally hot, shallow, productive, natural basins,\u201d says Latimer. \u201cBut those sites got tapped [decades] ago \u2026 so the reason geothermal hadn't expanded was that once you cherry pick these geologic hotspots and try to move on to [deeper] places, the tech didn't exist to make it cost effective.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/science\/\">science<\/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=\"598470 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=\"598470\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/13\/598470\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598470\" class=\"content-area-description single-story post-598470 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.palmhillsdevelopments.com\/en-us\/home\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/12\/Palm-Hills-The-Crown-web-dec-22.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=\"598471\" 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=\"598471\">\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\/08\/13\/its-been-almost-three-decades-but-fargo-is-a-classic-worth-rewatching\/\">\r\n                            It\u2019s been almost three decades, but Fargo is a classic worth rewatching                        <\/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\/08\/13\/its-been-almost-three-decades-but-fargo-is-a-classic-worth-rewatching\/\" 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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Set in icy-cold Minnesota, the film is known for its dark humor, unexpected plot twists, unforgettable characters, and most importantly, the accent. ICYMI, the plot follows Jerry (William H. Macy), a Minnesotan car salesman drowning in debt. However, Jerry has a cunning plan \u2014 he hires two thugs to kidnap his wife in the hopes that his wealthy father-in-law will pay the hefty ransom \u2014 a technically harmless scheme if you disregard his wife\u2019s psychological well-being. Unfortunately, things don\u2019t go as planned and Police Chief Marge (Frances McDormand) will stop at nothing to catch the wrongdoers. In a blizzard of drama and comedy, the Coens show their strength in balancing the macabre with moments of genuine warmth and humanity, and flex their cinematography skills in showcasing the beauty of wintry Minnesota against the backdrop of crime and mystery. Its intricate plot, unforgettable characters, and impeccable direction is what makes Fargo rewatchable 27 years after its release.<\/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=\"598476\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div 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markets are doing on 13 August, 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\/08\/13\/what-the-markets-are-doing-on-13-august-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.102cdf00-2faa-4226-83df-13eb64406a3c.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> EARNINGS WATCH- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Talaat Moustafa Group Holding reported consolidated net income of 1.56 bn in 1H 2023 <\/strong>, rising 40% y-o-y, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/8\/579.pdf\" style=\"\" rel=\"noopener\">ea<\/a> <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/8\/579.pdf\" style=\"\" rel=\"noopener\">rnings release<\/a> <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/8\/579.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. Revenues climbed 51% y-o-y to EGP 10.71 bn during the period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> MARKET ROUNDUP- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The EGX30 rose 0.8% at today\u2019s close <\/strong> on turnover of EGP 1.78 bn (10.5% below the 90-day average). Foreign investors were net buyers. The index is up 22.3% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> In the green: <\/strong>Ezz Steel (+5.7%), Alexandria Containers and Cargo Handling (+4.2%), and Beltone Financial Holding (+3.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> In the red: <\/strong>Orascom Development Egypt (-1.1%), Juhayna (-0.4%), and B Investments (-0.2%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull inside-industry vertical-section wide-section wp-block-group issue-section\" id=\"598478\">\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-does-the-natural-gas-supply-shortfall-mean-for-egypts-fertilizer-industry\/\">  \r\n                            What does the natural gas supply shortfall mean for Egypt\u2019s fertilizer industry?<\/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-does-the-natural-gas-supply-shortfall-mean-for-egypts-fertilizer-industry\/\" 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-does-the-natural-gas-supply-shortfall-mean-for-egypts-fertilizer-industry\/')\">\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-does-the-natural-gas-supply-shortfall-mean-for-egypts-fertilizer-industry\/\">\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 does the natural gas supply shortfall mean for Egypt\u2019s fertilizer industry?&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/what-does-the-natural-gas-supply-shortfall-mean-for-egypts-fertilizer-industry\/\">\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-does-the-natural-gas-supply-shortfall-mean-for-egypts-fertilizer-industry\/&title=What does the natural gas supply shortfall mean for Egypt\u2019s fertilizer industry?\">\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+does+the+natural+gas+supply+shortfall+mean+for+Egypt%E2%80%99s+fertilizer+industry%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Fwhat-does-the-natural-gas-supply-shortfall-mean-for-egypts-fertilizer-industry%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-does-the-natural-gas-supply-shortfall-mean-for-egypts-fertilizer-industry\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/678.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=\"598479\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/what-does-the-natural-gas-supply-shortfall-mean-for-egypts-fertilizer-industry\/678-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/678.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"678.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/678.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/678.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-598478\" class=\"content-area-description post-598478 inside_industry type-inside_industry status-publish has-post-thumbnail hentry category-inside-industry tag-enterprise-inside-industry tag-enterprisepm tag-fertilizers tag-inside-industry tag-manufacturing 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\"> <strong> How much is our natural gas pinch affecting fertilizer producers? <\/strong> In a bid to address a shortfall in natural gas, the government has been diverting natural gas from fertilizer plants to the national grid, with some producers reportedly seeing their supplies fall by 20%. The gas cuts will apparently affect mostly producers of urea fertilizer, a low-cost nitrogenous fertilizer that consumes high volumes of gas, according to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad4a0d0c-9bfd-424e-bf4b-dd38eb48af41\" style=\"\" rel=\"noopener\">reports last month<\/a>. These supply cuts \u2014 which are open-ended, with no specific timeline for when they\u2019re expected to end \u2014 are expected to affect production output, since natural gas is an important input, and will likely cause prices to rise in the domestic market, industry players told Enterprise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> REFRESHER- Egypt\u2019s gas output has been declining, while demand has spiked over the <\/strong><strong> summer: <\/strong> Egypt\u2019s total gas output fell by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/846ecdd4-0a16-40f5-8c1e-ef52f3265a06\" style=\"\" rel=\"noopener\">5% in 2Q 2023<\/a> from the previous quarter to 5.88 bn cubic feet per day (bcf \/ d), its lowest since 2Q 2020, according to recent Mees data. Eni\u2019s giant Zohr field saw record output of 2.76 bcf \/ d in 3Q 2021 but output has now been effectively capped at 2.3 bcf \/ d, the industry news site said. Spiking demand for electricity amid a heatwave has led to shortages of gas that have forced the government to institute nationwide <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7db6d0ec-6a2c-429f-b240-a34fa57dfddf\" style=\"\" rel=\"noopener\">rolling blackouts<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The fertilizer industry, by the numbers: <\/strong> Egypt\u2019s fertilizer industry has an annual capacity of c.7.8 mn tons of nitrogenous fertilizers, 7 mn tons of phosphate rock, and 5 mn tons of phosphate fertilizers, according to <a target=\"_blank\" href=\"https:\/\/www.sis.gov.eg\/Story\/177762\/Fertilizers-rank-second-among-Egypt's-exports-with-dlrs-2.7-bn?lang=en-us\" style=\"\" rel=\"noopener\">government figures<\/a>. Egypt exported USD 2.7 bn-worth of fertilizers in 2022, Public Enterprises Minister Mahmoud Esmat said. We\u2019re also the sixth-largest producer of urea fertilizers and the fifth-largest exporter of the product, head of the Chemical and Fertilizers Export Council Khaled Aboul Makarem told Enterprise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Fertilizers have been doing well over the past several months, but the industry dynamics <\/strong><strong> could be shifting: <\/strong> The fertilizer industry has broadly localized its production input needs, with minimal reliance on imported materials and inputs, which has helped make the industry\u2019s production and export levels more robust over the past year, Evergrow Group CEO Mohamed El Kheshen told us. However, there are expectations that fertilizer prices in the local market will jump in the near term, with natural gas supply cuts meaning that factories won\u2019t work at their maximum capacity, resulting in a shortfall in market supply, El Kheshen and Aboul Makarem both said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> It\u2019s not just the natgas shortfall that\u2019s impacting the industry right now <\/strong>, Aboul Makarem told us, although natural gas is a key production input for fertilizers. Other factors, such as the high interest rate environment (particularly with the Central Bank of Egypt\u2019s latest 100 bps rate hike) are creating pressure for fertilizer producers, especially since most factories are reliant on debt financing, Aboul Makarem said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Where can we expect prices to settle? <\/strong> The jury\u2019s out on how much fertilizer prices are going to rise in the near term. While El Kheshen expects a ton of urea to breach the EGP 2.5k \/ ton mark if these pressures persist, Aboul Makarem sees these pressures being more short-lived and expects local market prices to cool off again quickly once the supply-demand balance is restored.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> But prices aren\u2019t the only concern: <\/strong> Local factories might be forced to cut back on exports to be able to continue meeting local market supply requirements, which would result in a steep decline in FX income, El Kheshen said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Egyptian fertilizers have had a few days in the sun \u2014 now it\u2019s time to hold on to that position: <\/strong> The outbreak of the Russia-Ukraine war last year created a golden window for Egyptian fertilizers to become a replacement for Russian fertilizers, thanks to international sanctions imposed on Russia. European markets moved to import more Egyptian fertilizers, helping our exports rise as much as 42% last year, according to Aboul Makarem. However, we need to work on maintaining our position in the international fertilizer market, as competitors such as Russia and other fertilizer producers are unlikely to cede their leading positions in the long term, Aboul Makarem stressed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Could the industry actually sidestep any real impact? <\/strong> Falling global fertilizer prices could have some impact on the value of Egypt\u2019s fertilizer exports, but we could continue to export the same volumes, particularly since producers already have agreements in place, according to Aboul Makarem. Additionally, the summer season typically sees a drop in global fertilizer demand, which could help absorb the impact of lower output levels in Egypt, Chairman of the Federation of Egyptian Industries\u2019 Chemical Industries division Sherif El Gabaly told Enterprise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong> Your top industrial development stories for the week: <\/strong><\/p>\n<ul>\n<li><strong> Mansoura Poultry Company plans to invest around EGP 60 mn <\/strong> to inaugurate two new livestock feed production lines and acquire fattening farms, <a target=\"_blank\" href=\"https:\/\/bit.ly\/3Ythh7w\" style=\"\" rel=\"noopener\">Al Mal<\/a> quotes CEO Islam Naguib as saying.<\/li>\n<li><strong> Chinese home appliances giant Midea Group launched its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2085490a-cdec-493d-ad96-d934cf075dac\" style=\"\" rel=\"noopener\">USD 25 mn washing machine factory<\/a><\/strong>in China\u2019s TEDA industrial zone in Ain Sokhna. <\/li>\n<li><strong> Turkish companies, bank mull investing here: <\/strong>Turkey\u2019s largest state-owned bank and a number of Turkish manufacturers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67f44b56-1f3e-4131-a5cd-88b97aa666c9\" style=\"\" rel=\"noopener\">expressed their interest<\/a> in expanding into the local market during Trade and Industry Minister Ahmed Samir\u2019s visit to Ankara last week.<\/li>\n<li><strong> The SCZone is well on its way towards launching an investment arm: <\/strong> The Suez Canal Economic Zone (SCZone) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8e527ee-b9a0-4d91-a8f7-1bc89fd7a494\" style=\"\" rel=\"noopener\">received cabinet approval<\/a> to set up a joint-stock investment company named SCZone Istithmar, which will manage the authority\u2019s investments and help establish industrial development and utilities companies that serve the SCZone. <\/li>\n<li><strong> Ariston eyes Egypt for new heaters factory: <\/strong> Italian home appliances manufacturer Ariston has submitted a request to the General Authority for Freezones and Investment (GAFI) to set up a heaters factory in Egypt, according to <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/08\/12\/1700067\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. <\/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\/fertilizers\/\">fertilizers<\/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\/manufacturing\/\">Manufacturing<\/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=\"598480\" 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\/08\/13\/598480\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598480\" class=\"content-area-description single-story post-598480 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\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 -19 August(Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/s\/%D9%85%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D8%B3%D8%A7%D9%82%D9%8A%D8%A9-%D9%84%D9%84%D9%83%D8%AA%D8%A7%D8%A8\/1316913362572845\/?mibextid=RQdjqZ\" style=\"\">El Sawy<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/s\/%D9%85%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D8%B3%D8%A7%D9%82%D9%8A%D8%A9-%D9%84%D9%84%D9%83%D8%AA%D8%A7%D8%A8\/1316913362572845\/?mibextid=RQdjqZ\" style=\"\">Culturewheel<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/s\/%D9%85%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D8%B3%D8%A7%D9%82%D9%8A%D8%A9-%D9%84%D9%84%D9%83%D8%AA%D8%A7%D8%A8\/1316913362572845\/?mibextid=RQdjqZ\" style=\"\">book fair<\/a><\/span><span style=\"font-weight:400;\">, ElSawy Culturewheel, Zamalek, Cairo. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21 August (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/293435623148575\/?acontext=%7B%22event_action_history%22%3A[%7B%22surface%22%3A%22home%22%7D%2C%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Akher Zafeer concert<\/a><\/span><span>, El Sawy <\/span><span>Culturewheel<\/span><span style=\"font-weight:400;\">, El Zamalek, Cairo.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 August (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/668828008470811\/\" style=\"\">Omar Khairat Live Concert<\/a><\/span><span style=\"font-weight:400;\">, Royal Maxim Palace Kempinski, Cairo. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 August (Friday): Russ Concert, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/alameinfestival\/\" style=\"\">New Alamein Festival 2023<\/a><\/span><span style=\"font-weight:400;\">, New Alamein. <\/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>21-23 September (Thursday-Saturday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/egypt.letapebytourdefrance.com\/presentation\" style=\"\">L\u2019Etape Egypt<\/a><\/span><span style=\"font-weight:400;\"> by Tour de France, Sharm El Sheikh<\/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;\">13-20 October (Friday-Friday): 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>28 October (Saturday): Djs <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/kygoofficial\/posts\/846377006847494\" style=\"\">Kygo, Ti\u00ebsto, Kung and Frank Walker concert<\/a><\/span><span style=\"font-weight:400;\">, Giza Pyramids. <\/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;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 November (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CvNDnfANplu\/?img_index=1\" style=\"\">El Gouna Half Marathon 2023<\/a><\/span><span style=\"font-weight:400;\">, El Gouna. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-24 November (Wednesday-Friday): Cairo International Film Festival (CIFF).<\/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>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":598464,"template":"","categories":[],"tags":[],"class_list":["post-598463","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"941658d5-8935-46af-a74b-05f42b7ea7c9","teaser":"","photo_url":"https:\/\/ent.news\/2021\/9\/510.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>AI in space - 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\/ai-in-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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