{"id":606051,"date":"2023-09-10T00:00:00","date_gmt":"2023-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=606051"},"modified":"2025-12-17T00:31:41","modified_gmt":"2025-12-17T00:31:41","slug":"murderous-mushrooms","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/murderous-mushrooms\/","title":{"rendered":"Murderous mushrooms"},"content":{"rendered":"<section id=\"606053\" 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=\"606053\">\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\/09\/10\/this-evening-inflation-accelerated-again-in-august-hitting-a-new-all-time-high-plus-welcome-beltone-holding\/\">\r\n                            THIS EVENING: Inflation accelerated again in August, hitting a new all-time high. PLUS: Welcome, Beltone Holding                        <\/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\/09\/10\/this-evening-inflation-accelerated-again-in-august-hitting-a-new-all-time-high-plus-welcome-beltone-holding\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/this-evening-inflation-accelerated-again-in-august-hitting-a-new-all-time-high-plus-welcome-beltone-holding\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/this-evening-inflation-accelerated-again-in-august-hitting-a-new-all-time-high-plus-welcome-beltone-holding\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: Inflation accelerated again in August, hitting a new all-time high. PLUS: Welcome, Beltone Holding&url=https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/this-evening-inflation-accelerated-again-in-august-hitting-a-new-all-time-high-plus-welcome-beltone-holding\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/this-evening-inflation-accelerated-again-in-august-hitting-a-new-all-time-high-plus-welcome-beltone-holding\/&title=THIS EVENING: Inflation accelerated again in August, hitting a new all-time high. PLUS: Welcome, Beltone Holding\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+Inflation+accelerated+again+in+August%2C+hitting+a+new+all-time+high.+PLUS%3A+Welcome%2C+Beltone+Holding+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F09%2F10%2Fthis-evening-inflation-accelerated-again-in-august-hitting-a-new-all-time-high-plus-welcome-beltone-holding%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\/09\/10\/this-evening-inflation-accelerated-again-in-august-hitting-a-new-all-time-high-plus-welcome-beltone-holding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/3241.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"606054\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/this-evening-inflation-accelerated-again-in-august-hitting-a-new-all-time-high-plus-welcome-beltone-holding\/3241-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/3241.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3241.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/3241.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/3241.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-606053\" class=\"content-area-description single-story post-606053 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-beltone-holding tag-economy tag-enterprisepm tag-inflation 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\/9\/.482f7efb-3a1d-4488-86a2-e88656238bfe.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Good afternoon, wonderful people, and welcome to a special issue of EnterprisePM<\/strong>, your essential rundown on the biggest headlines of the day (so far) \u2014 and on where you might spend your time and money tonight. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> We\u2019re honored this afternoon to welcome <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.beltoneholding.com\/\" style=\"\" rel=\"noopener\">Beltone Holding<\/a><\/strong><strong> as our newest partner. <\/strong> Longtime readers will know Beltone as a storied financial institution that helped build a world-class investment banking industry here in Egypt. Beltone recently completed a massive EGP 10 bn capital increase on the EGX and, with an all-new team in the C-suite led by CEO Dalia Khorshid, the firm is now looking to build a business with scale across our region and beyond. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Beltone is an end-to-end financial services player<\/strong>, with brokerage, investment banking, asset management, equity research, and private equity and a complete non-banking financial institution offering leasing, factoring, consumer finance, venture capital, and microfinance. Beltone is \u201cdriven by a vision to redefine the financial ecosystem in the region by capitalizing on global expertise, knowledge and disruptive, value-accretive solutions\u201d that create value for their clients and move forward the market as a whole.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> It is thanks to the support of Beltone and our other partners, including Mashreq, PHD and <\/strong><strong> CIRA Education that Enterprise remains available without charge <\/strong>to hundreds of thousands of readers. We hope you will join us in thanking them all. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY TODAY <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Annual urban inflation accelerated to a new all-time high of 37.4% <\/strong> in August,according to data published today by state statistics agency <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/9\/691.pdf\" style=\"\" rel=\"noopener\">Capmas (pdf)<\/a>. August\u2019s inflation rate came in above the previous record of 36.5% <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/869177c8-d101-4ffe-8c4e-f1c09a8c20bc\" style=\"\" rel=\"noopener\">recorded in July<\/a>. On a monthly basis, inflation slowed to 1.6% from 1.9% the month before.<\/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> COUNTDOWN- There are just 8 days until the Enterprise Finance Forum, which takes <\/strong><strong> place 18-19 September <\/strong>(Monday and Tuesday) at the St. Regis Hotel on the Nile Corniche. This flagship forum is the latest in our must-attend series of invitation-only events, where CEOs, bankers, investors, founders, and corporate leaders will meet to discuss the trends shaping the future of banking, finance, NBFIs, and fintech \u2014 and of their clients.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> You won\u2019t want to miss this one: <\/strong> Join <strong> Hassan Allam <\/strong>(CEO, Hassan Allam Holding), <strong> Fernando Morillo <\/strong> (group head of retail banking, Mashreq), <strong> Galal El Beshbishy <\/strong> (co-founder and COO, Synapse Analytics),<strong> Basma Rady <\/strong>(chief data scientist, Beltone Financial), <strong> Larry Lerner <\/strong>(partner, McKinsey), <strong> Islam Zekry <\/strong>(group CFO, CIB), and many others for talks on everything from the impact of AI and data science on banking, to the coming of digital and challenger banks. <\/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 to view the FULL AGENDA.<\/a><\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> We are honored to count some of the region\u2019s most important financial institutions as <\/strong><strong> our partners for this special event. <\/strong>The Enterprise Finance Forum could not take place without the support of our partners including Banque Misr, Al Baraka Bank, FAB Misr, HSBC, Mashreq, CI Capital, Global Corp, Visa, Hassan Allam Utilities, and the IFC. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/finance.enterprise.news\/index.html#agenda\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/634.jpg?ssl=1\"\/><\/a> <\/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> The conversation in the international business press hasn\u2019t changed much since we last <\/strong><strong> wrote to you this morning: <\/strong><\/p>\n<ul>\n<li><strong> The G20 wraps today in New Delhi <\/strong> with weak anti-Russia rhetoric aggravating Ukraine. The summit also touched on the US\u2019 approach to the Global South in an effort to isolate Beijing and the Kremlin, as well as Indian Prime Minister Narendra Modi\u2019s calls to increase multilateral lenders\u2019 funding. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/russia-says-g20-declaration-balanced-summit-moves-final-day-2023-09-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/13a8bf37-29ba-4894-a0eb-401e4b42c725\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-10\/g-20-summit-india-s-win-shows-us-learning-how-to-counter-china-s-rise?srnd=premium-middle-easthttps:\/\/www.bloomberg.com\/news\/articles\/2023-09-10\/g-20-summit-india-s-win-shows-us-learning-how-to-counter-china-s-rise?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/09\/09\/indian-pm-modi-says-a-consensus-has-been-reached-on-a-g20-declaration.html\" style=\"\" rel=\"noopener\">CNBC<\/a>) <\/li>\n<li><strong> The rare and devastating earthquake that struck <\/strong><strong> Morocco <\/strong><strong> last Friday <\/strong> continues to snag headlines as the death toll mounts and survivors are struggling to find food and water. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/rescuers-hunt-survivors-morocco-quake-with-over-2000-dead-2023-09-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/09\/09\/powerful-earthquake-strikes-morocco-killing-hundreds-and-damaging-historic-buildings-in-marrakech.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-10\/morocco-races-to-find-survivors-in-remote-areas-struck-by-quake?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/morocco-earthquake-village-52cc12e8b556bc86970fff8575e79581\" style=\"\" rel=\"noopener\">Associated Press<\/a>) <\/li>\n<\/ul>\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> Private-sector players talk with the AIIB: <\/strong> Asian Infrastructure Investment Bank (AIIB) officials virtually joined Finance Minister Mohamed Maait, Deputy Finance Minister Ahmed Kouchouk, and a number of private sector players at the Finance Ministry\u2019s new headquarters in the new administrative capital on Thursday to discuss how the Beijing-backed multilateral lender <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87ebabaa-aeb8-4016-aca0-be1725621677\" style=\"\" rel=\"noopener\">can benefit private-sector players<\/a> ahead of the bank\u2019s annual meeting in Sharm El Sheikh later this month. <\/li>\n<li><strong> Egyptian Mortgage Refinance Company (EMRC) <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/96222579-0d9c-41db-8710-b10fbce700a0\" style=\"\" rel=\"noopener\">has issued<\/a> EGP 472 mn in securitized bonds.<\/li>\n<li><strong> The Finance Ministry <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67dc1e03-38c4-429c-b223-cb07288defa2\" style=\"\" rel=\"noopener\">is looking to secure<\/a><\/strong><strong> USD 1.5-2 bn <\/strong> in fresh loans by 4Q 2023.<\/li>\n<\/ul>\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> Enterprise joined industrial developers at an event last week as they voiced their concerns with the industrial sector and the issue of land allocation.<\/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>Expect the mercury to stay at a high 40\u00b0C during the day and drop to a cooler 27\u00b0C in the evening, 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\/beltone-holding\/\">Beltone Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/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=\"606055 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=\"606055\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/606055\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-606055\" class=\"content-area-description single-story post-606055 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.beltoneholding.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/30.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:400;\">`<\/span><\/p>\n<\/div>\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=\"606056\" 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=\"606056\">\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\/09\/10\/new-tech-may-enable-speech-after-paralysis-or-als-ai-written-guides-could-lead-to-poisoning\/\">\r\n                            New tech may enable speech after paralysis or ALS + AI-written guides could lead to poisoning                        <\/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\" 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  <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/new-tech-may-enable-speech-after-paralysis-or-als-ai-written-guides-could-lead-to-poisoning\/&title=New tech may enable speech after paralysis or ALS + AI-written guides could lead to poisoning\">\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=New+tech+may+enable+speech+after+paralysis+or+ALS+%2B+AI-written+guides+could+lead+to+poisoning+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F09%2F10%2Fnew-tech-may-enable-speech-after-paralysis-or-als-ai-written-guides-could-lead-to-poisoning%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\/09\/10\/new-tech-may-enable-speech-after-paralysis-or-als-ai-written-guides-could-lead-to-poisoning\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-606056\" class=\"content-area-description single-story post-606056 post type-post status-publish format-standard hentry category-for-your-commute tag-ai tag-amazon tag-enterprisepm tag-for-your-commute tag-health 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\/9\/.f6de3b52-bec6-406a-85dc-1a4e2d2ac26e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> ALS + paralysis patients are getting BCIs for communication: <\/strong> Researchers in California are working on two brain-computer interfaces (BCIs) that enable individuals who have lost their ability to speak to regain a form of communication that is up to four times faster than any previous devices, <a target=\"_blank\" href=\"https:\/\/med.stanford.edu\/news\/all-news\/2023\/08\/brain-implant-speech-als.html\" style=\"\" rel=\"noopener\">Stanford Medicine<\/a> reports. \u201cYou can record neurons when someone tries to speak and from that activity you can figure out what they are trying to say,\u201d explains Frank Willet, a research scientist in the Neural Prosthetics Translational Laboratory. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> How do the BCIs work? <\/strong>The patient has four sensors implanted via surgery in the areas responsible for speech in the outermost layer of the brain, and ports connected to the sensors are then attached to the BCI. Through a process where the patient repeats several phrases as best they can, the computer begins to store the \u201c39 basic phonemes \u2014 units of sound, such as \u2018sh\u2019 or \u2018t\u2019\u201d in the language to be able to detect the brain waves that are created when the patient is trying to say certain phrases. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> AI and an avatar complete the system. <\/strong>To make it more realistic, the scientists used AI to input a spoken recording of the patient\u2019s voice and added an avatar to show their expressions. In the best case scenario, when the user tries to speak, the system will detect the brainwaves and repeat the phrase for the listener, thus, allowing the user to speak at an average rate of 62 words per minute. \u201cThis is a scientific proof of concept, not an actual device people can use in everyday life,\u201d Willett said. \u201cBut it\u2019s a big advance toward restoring rapid communication to people with paralysis who can\u2019t speak.\u201d<\/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> Mushroom <\/strong><strong> poisoning by AI? <\/strong> A range of mushroom foraging guides written by artificial intelligence being sold on Amazon are raising concerns about misleading readers to consume poisonous or deadly mushroom species, <a target=\"_blank\" href=\"https:\/\/www.404media.co\/ai-generated-mushroom-foraging-books-amazon\/\" style=\"\" rel=\"noopener\">404 Media<\/a> reported. The New York Mycological Society is alerting people on its <a target=\"_blank\" href=\"https:\/\/twitter.com\/newyorkmyc\/status\/1695689778224594959\" style=\"\" rel=\"noopener\">X<\/a> account against AI-generated foraging books, which it referred to as the \u201cdeadliest scam\u201d due to being filled with inaccuracies and potentially life-threatening identification mistakes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> There are lots of poisonous mushroom species that can easily be confused as safe, edible types<\/strong>, including False Morels and Death Cap. When left to the amateur eye, these species can be lethal. One guidebook seemed to encourage tasting mushrooms to identify them, which \u201cshould absolutely not be the case,\u201d an expert from the Family Foraging Kitchen told the <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/technology\/2023\/sep\/01\/mushroom-pickers-urged-to-avoid-foraging-books-on-amazon-that-appear-to-be-written-by-ai\" style=\"\" rel=\"noopener\">Guardian<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> AI published books using false names and aliases. <\/strong>Nowhere on these AI-generated books was it mentioned that they were not authored by people \u2014 books written by AI were published under non-existent names, complete with pictures. Only a thorough investigation using detection tools like <a target=\"_blank\" href=\"https:\/\/realitydefender.com\/\" style=\"\" rel=\"noopener\">Reality Defender<\/a> and <a target=\"_blank\" href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwiXvtyj1Z-BAxXEV3IKHY-2BU4YABAAGgJxdQ&gclid=Cj0KCQjw0vWnBhC6ARIsAJpJM6d3mETZMQpAZiyFb7iRnT9l5mCp8a-eJ1Tmb3Gj-U-22MHvP7Bjv38aAm1dEALw_wcB&ei=zoP9ZIWAG7O8xc8PkbqTyA4&sig=AOD64_0E26MwQ1Wi-9A1rgqppHIpdDFqqg&q&sqi=2&adurl&ved=2ahUKEwiFn9Oj1Z-BAxUzXvEDHRHdBOkQ0Qx6BAgNEAE\" style=\"\" rel=\"noopener\">ZeroGPT<\/a> could show that the pictures and text were, in fact, neither of nor by real authors or experts. Amazon stated that all their products \u201cadhere to [...] content guidelines, regardless of how the content was created,\u201d one spokesperson told 404 Media. Since then, some of the books in question have been removed. <\/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\/amazon\/\">Amazon<\/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\/health\/\">health<\/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=\"606058 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=\"606058\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/606058\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-606058\" class=\"content-area-description single-story post-606058 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=\"606059\" 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=\"606059\">\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\/09\/10\/a-lebanese-film-on-environmental-activism-and-social-injustice\/\">\r\n                            A Lebanese film on environmental activism and social injustice                        <\/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\/09\/10\/a-lebanese-film-on-environmental-activism-and-social-injustice\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/a-lebanese-film-on-environmental-activism-and-social-injustice\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/a-lebanese-film-on-environmental-activism-and-social-injustice\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=A Lebanese film on environmental activism and social injustice&url=https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/a-lebanese-film-on-environmental-activism-and-social-injustice\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/a-lebanese-film-on-environmental-activism-and-social-injustice\/&title=A Lebanese film on environmental activism and social injustice\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=A+Lebanese+film+on+environmental+activism+and+social+injustice+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F09%2F10%2Fa-lebanese-film-on-environmental-activism-and-social-injustice%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\/09\/10\/a-lebanese-film-on-environmental-activism-and-social-injustice\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-606059\" class=\"content-area-description single-story post-606059 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\/9\/.1b2d6918-eca3-4c7d-8647-67a097fedd76.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ? <\/strong><strong> ON THE TUBE TONIGHT-<br \/> <\/strong>(all times CLT)<\/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:\/\/www.netflix.com\/search?q=costa&jbv=81612981\" style=\"\" rel=\"noopener\">Costa Brava, Lebanon<\/a><\/strong><strong> , is a poignant tale of environmental struggle and family <\/strong><strong> bonds. <\/strong> The film follows the Badri family: Souraya (Nadine Labaki), Walid (Saleh Bakri), their two children, and one of their parents, who are navigating the challenging circumstances forced upon them. Just as the family is seeking respite from the pollution, disorder, and unrest in Beirut to relocate to their dream home in the pristine Lebanese mountains, the government decides to use the area adjacent to their home as a landfill. Eventually, the domestic supply of water turns into a turbid red, fumes are everywhere, and dust covers up the beautiful view of nature that they previously enjoyed. As the garbage keeps coming in, their idyllic life is under threat, family bonds are under pressure, and it eventually paves the way for escalating tensions. The family begins to consider whether to give up to return to the bustle of the city or sacrifice for their ideal and stand stiffly in the face of corruption and environmental degradation. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"606064 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"606064\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/606064\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-606064\" class=\"content-area-description single-story post-606064 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.palmhillsdevelopments.com\/en-us\/home\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/12\/Palm-Hills-The-Crown-web-dec-22.jpg\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"606065\" 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=\"606065\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <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\/09\/10\/what-the-markets-are-doing-on-10-september-2023\/\">\r\n                            What the markets are doing on 10 September, 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\/09\/10\/what-the-markets-are-doing-on-10-september-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Foreign investors were net sellers. The index is up 34.1% 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>Abu Qir Fertilizers (+6.2%), Eastern Company (+4.7%) and Telecom Egypt (+4.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> In the red: <\/strong>Oriental Weavers (-1.5%), Edita (-1.1%) and Sidi Kerir Petrochemicals (-1.1%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n    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                                              <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-606067\" class=\"content-area-description post-606067 inside_industry type-inside_industry status-publish hentry category-inside-industry tag-enterprise-inside-industry tag-enterprisepm tag-federation-of-egyptian-industries 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> From the horse\u2019s mouth: What do industrial developers want? <\/strong>Enterprise joined industrial developers who were gathered during an industry event last week as they voiced their concerns with the industrial sector and the issue of land allocation. Insiders we spoke with touched on several key concerns and requests, including expanding land availability to help shore up exports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Land availability plays a key role: <\/strong>The availability of industrial land is the first step to kickstarting the industrial investment process, according to Chairman of the Federation of Egyptian Industries\u2019 Chemical Industries division Sherif El Gabaly (<a target=\"_blank\" href=\"http:\/\/www.fei.org.eg\/index.php\/en\/eco-chairman-s-cv\" style=\"\" rel=\"noopener\">bio<\/a>). He pointed to the necessity of allocating land to investors at a marked down price to help them contribute to Egypt\u2019s long-term economic growth plan. Land availability will also play a major role in boosting the country\u2019s exports, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The numbers speak for themselves: <\/strong>Industrial developers have developed some 14 mn sqm of industrial land between 2008-2016, compared to a mere 6 mn sqm developed by the state over the same period, CPC Industrial Development CEO AlMoataz Baha El Din (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/moatazb\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) said. The industrial developer is \u201cmore than just a broker\u201d and the state needs to work to create a climate for industrial development, which is more attractive to industrial investors cost-wise. Each 1 mn sqm of industrial land taken on by a private player brings in some EGP 15-20 bn of FDI and provides some 12k jobs, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Boosting industry is crucial for boosting exports: <\/strong>For the Madbouly government to achieve its target of increasing exports to USD 100 bn a year by the middle of the decade, it needs the industrial sector to bring in some USD 250 bn in gross income, Moatasem Rashed, the head of the Private Freezones Investors Association said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Industrial developers still have to jump through hoops: <\/strong>The Trade and Industry Ministry\u2019s Industrial Development Authority (IDA) is currently not allocating any new land plots to industrial developers before they finish developing already purchased plots, Ahmed Radwan, the advisor to the head of the Industrial Development Authority, said. The IDA has so far allocated some 22.9 mn sqm of land to industrial developers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Industrial development in Egypt: <\/strong>There are currently some 147 state-developed approved industrial zones in Egypt, in seven regions, with a total area of 1.7 mn feddans. As for private-sector development, there are some 17 industrial zones with a total area of 22.7 mn sqm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> How industrial development differs from real estate development: <\/strong>Industrial development has to adhere to around 4k industrial codes, this comes on top of the different requirements for each industrial facility. That\u2019s why industrial developers carry out operations with a manufacturer in mind, so that the developed plot is in line with whatever facility they want to set up. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> After-sale services: <\/strong>Private-sector industrial developers are responsible for the management of the developed industrial zone even after the sale, a service unavailable with state-developed plots, Bahaa El Din said. Developers are also able to carry out development in a way that keeps cost low for the operator. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Boosting industrial development in Egypt comes with a long list of obstacles: <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1- The industrial land parallel market: <\/strong>Brokers take over most of the industrial land plots offered by the government for cheap and then resell it at a much higher price, Polaris Parks General Manager Bassel Shoirah (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/bassel-shoirah-66b74b5b\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) said. The IDA sells land at EGP 1.6k per meter, while brokers resell the same plots of land at EGP 6-8k per meter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Regulations can help resolve the issue: <\/strong>Chairman of the Sixth of October Investors Association Mohamed Khamis Shaaban recommended setting up controls allowing qualified investors to bid on IDA-offered land to prevent brokers from sweeping it up. The state needs to implement stricter controls, to ensure that the sold land is being used for its intended purpose, he said, adding that investors need to have a 6-12 month timeframe to start working on their purchased land. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #2- Inflated prices have significantly impacted industrial land prices: <\/strong>Industrial land prices have recently seen a 100-150% jump on the back of the hiked cost of utility work \u2014 mainly building materials. Shoirah said, calling for longer tenors (up to five years) for payment facilities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #3- Land ownership registration remains an issue: <\/strong>The IDA requires investors to pay the full price of the land, complete 40% of the project\u2019s construction, and obtain an operating license, before they can obtain the necessary certificate to register land ownership, Rashed said. When this process is completed, investors then have to go through the real estate registration process. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #4- Difficulties securing funding: <\/strong> It is difficult for developers to secure the necessary funding to carry out the necessary utility work ahead of selling off the land, consultant Mohamed Abdel Ghani said, adding that it would be helpful for the state to offer tax and custom breaks on fees imposed on machinery and equipment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> More private-sector industrial development ahead? <\/strong>The New Urban Communities Authority (NUCA) has received offers from seven industrial developers to take over some 13 mn square meters of land, Housing Minister Assem El Gazzar said. The land will be allocated over two phases in no longer than 5 years. Developers will need to finish up 35% of the \u201cbasic work\u201d before they can acquire land during the second phase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The location is a key factor to any industrial complex: <\/strong>The location of an industrial complex is crucial, seeing as it needs to be within close proximity to complementary industries and residential areas to reduce cost for small and medium-sized investors, Shoirah said. Therefore the IDA and developers need to work closely to ensure that the offered land plots can house industrial complexes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The IDA is looking to fill a USD 30 bn gap in imports: <\/strong>Last month the IDA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ef157ed-bbdb-410d-946e-1cace2150fb8\" style=\"\" rel=\"noopener\">began offering<\/a> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ef157ed-bbdb-410d-946e-1cace2150fb8\" style=\"\" rel=\"noopener\"><\/a> industrial land and new investments as part of the Trade and Industry Ministry\u2019s plan to slash our import bill by creating a strategy to boost local alternatives to imported products in efforts to save state coffers some USD 30 bn in import expenses The IDA is offering 152 potential investments as part of the latest phase of its investment map, with these investments covering production inputs for five critical industries: Engineering, chemicals, pharma, construction and building, and food industries. The IDA is also offering up 790 new industrial land plots \u2014 which are connected to utilities \u2014 spanning some 1.7 mn sqm across 14 governorates. <\/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> Potential tax exemptions? <\/strong>Petrochemicals, green hydrogen, solar energy, EVs, mining, textiles and electronics industries <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bdc1ade2-347e-4f6e-b56f-fd65a2f93b75\" style=\"\" rel=\"noopener\">could all benefit<\/a> from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f955b5d-40c5-4b38-b1d9-4cffe953f653\" style=\"\" rel=\"noopener\">sweeping package of tax exemptions and other sweeteners<\/a> recently ordered by President El Sisi, according to local media.<\/li>\n<li><strong> IDA extends industrial land plots tender: <\/strong>The Industrial Development Authority (IDA) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2baaf6a5-9014-4282-a16b-2877d72238cf\" style=\"\" rel=\"noopener\">extended<\/a> the initiative offering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ef157ed-bbdb-410d-946e-1cace2150fb8\" style=\"\" rel=\"noopener\">790 new industrial land plots<\/a> until 14 September as more investors are showing interest.<\/li>\n<li><strong> NUCA offers eight plots of land for USD: <\/strong>The New Urban Communities Authority is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/54b2cff0-e41b-49ce-96c5-41964b797d44\" style=\"\" rel=\"noopener\">selling eight plots of land<\/a> for industrial projects in Badr City and Borg El Arab under the government\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6877e9b-11cc-4db7-bd39-53bfb157854a\" style=\"\" rel=\"noopener\">land-for-FX initiative<\/a> aimed at drumming up foreign currency.<\/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\/federation-of-egyptian-industries\/\">Federation of Egyptian Industries<\/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=\"606068\" 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\/09\/10\/606068\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-606068\" class=\"content-area-description single-story post-606068 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\">SEPTEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-17 September (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-medfest-eg-5th-edition-stigma-from-14th-to-17th-of-sept-14-september-2023-auc-tahrir-cultural-center-cairo-11196.html\" style=\"\">Medfest Cinematic Film Forum<\/a><\/span><span> at AUC <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aucegypt.edu\/tahrir-cultural-center\" style=\"\">Tahrir Cultural Center<\/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>15<\/span><span style=\"font-weight:400;\"> September (Friday): Wust El Balad concert, City Center Almaza\u2019s summer hub, Cairo. <\/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>22-23 September (Friday-Saturday): Tamino Sahar Tour <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/open.spotify.com\/concert\/1cbxbAfoypr7frgz2JyV7w?si=a8e9bf82757241d8\" style=\"\">concert<\/a><\/span><span> in AUC <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aucegypt.edu\/tahrir-cultural-center\" style=\"\">Tahrir Cultural Center<\/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;\">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>29 <\/span><span>September (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/Cwsl1HNIhYE\/\" style=\"\">Samar Tarek, Muslim and Molotof LitOne concert<\/a><\/span><span style=\"font-weight:400;\">, Greek Campus, Tahrir, Cairo. <\/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>11<\/span><span style=\"font-weight:400;\"> October (Wednesday): Teatro Di San Carlo performance, the Pyramids of Giza, Giza.  <\/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 style=\"font-weight:400;\">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>16 November (Thursday): Jim Gaffigan\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-jim-gaffigan-16-november-2023-the-marquee-cairo-festival-city-new-cairo-11134.html\" style=\"\">Barely Alive Tour<\/a><\/span><span style=\"font-weight:400;\"> at The Marquee, Cairo Festival City.<\/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":606052,"template":"","categories":[],"tags":[],"class_list":["post-606051","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"679942b0-6d99-44b8-b644-382ebb79c9c0","teaser":"","photo_url":"https:\/\/ent.news\/2021\/10\/2531.jpg"},"yoast_head":"<!-- This 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