{"id":611638,"date":"2023-12-10T00:00:00","date_gmt":"2023-12-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=611638"},"modified":"2025-12-17T02:33:31","modified_gmt":"2025-12-17T02:33:31","slug":"in-the-hot-seat","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/in-the-hot-seat\/","title":{"rendered":"In the hot seat"},"content":{"rendered":"<section id=\"611640\" 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=\"611640\">\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\/12\/10\/this-evening-businesses-with-fx-priced-business-must-settle-their-vat-only-in-fx-inflation-eases-again-in-november\/\">\r\n                            THIS EVENING: Businesses with FX-priced business must settle their VAT only in FX + Inflation eases again in November                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/newspaper-reading-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"611641\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/10\/this-evening-businesses-with-fx-priced-business-must-settle-their-vat-only-in-fx-inflation-eases-again-in-november\/newspaper-reading-1600px-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/newspaper-reading-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"newspaper-reading-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/newspaper-reading-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/newspaper-reading-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-611640\" class=\"content-area-description single-story post-611640 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-enterprisepm tag-foreign-exchange tag-inflation tag-vat 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\/12\/.30d0991e-c5d4-4c27-b439-fd1d26941aad.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends and welcome to another workweek. <\/strong>As polls open for the first day in the presidential elections, the business news cycle here at home is also beginning to gain traction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSA- Voting for the presidential candidates runs from 9am-9pm today, tomorrow, and Tuesday. <\/strong>Find your nearest polling station by entering your national ID on the official <a target=\"_blank\" href=\"https:\/\/www.elections.eg\/\" style=\"\" rel=\"noopener\">elections website<\/a>. You can also <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yc465fay\" style=\"\" rel=\"noopener\">call or text<\/a> 5151 with your national ID number to find your nearest location and receive your voting number. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Sold in FX = VAT only in FX:<\/strong> Businesses selling a service or product in foreign currency will be required to settle their VAT dues only in foreign currency, and not in EGP equivalent, according to a Finance Ministry document seen by Enterprise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No leeway: <\/strong>The new amendment canceled a rule <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dee2969e-7333-487b-b76d-23b9278a3688\" style=\"\" rel=\"noopener\">introduced last month<\/a> that allows businesses to settle their foreign-currecy VAT in local currency if they present evidence that they\u2019ve exchanged FX worth the same amount or more than the value of the VAT within a month of the sale being booked.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We should know more soon: <\/strong>The new amendment should be published soon in the Official Gazette, and the ministry will issue detailed directives naming every entity that is required to pay its VAT dues in FX.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- November brought a second month of cooling inflation figures: <\/strong>Annual urban inflation in November eased for the second consecutive month due to slowing food and beverage price inflation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Consumer prices in urban areas decelerated to 34.6% y-o-y from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c463d2d9-390f-4e0c-b240-5dbf10bf591a\" style=\"\" rel=\"noopener\">35.8% in October<\/a><\/strong><strong>,<\/strong> marking the lowest figure since May, according to data released today by state statistics agency Capmas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This was a better recovery than analysts had predicted:<\/strong> The median forecast in a recent <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypts-headline-inflation-dips-346-november-2023-12-10\/\" style=\"\" rel=\"noopener\">Reuters poll<\/a> of analysts had inflation at 34.8%. <\/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>Climate is in the center of the conversation in the international press today <\/strong>wherePresident of COP28 Sultan Al Jaber is holding a \u2018majlis\u2019 meeting of ministers to push for a deal on reducing fossil fuel use, which has been a key demand of several other nations during the summit, says <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-10\/cop28-chief-pushes-for-fossil-fuel-deal-as-talks-get-bogged-down?srnd=premium-middle-east&leadSource=uverify%20wall\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Meanwhile, a draft of the <a target=\"_blank\" href=\"https:\/\/unfccc.int\/sites\/default\/files\/resource\/Global_goal_on_adaptation_0.pdf\" style=\"\" rel=\"noopener\">Global Goal on Adaptation<\/a> text to determine how poor countries will prepare for the effects of climate change, was released. The text explains that there is a financial need to help struggling countries adapt, but this draft fails to specify the amount necessary, according to the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/climate-summit-cop28-fossil-fuels-phase-out-609991bb4feeb95b9f27a7a1768deec6\" style=\"\" rel=\"noopener\">Associated Press<\/a>.<\/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>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>A top-up from the IMF is looking more and more likely:<\/strong> The IMF has given its clearest indication yet that it could agree to increasing the size of Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd3e36a4-25a3-4129-9e86-f88ce45ca113\" style=\"\" rel=\"noopener\">USD 3 bn loan program<\/a>, with a spokesperson last week confirming that the subject is being discussed and that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df8e1343-11a4-48a5-980f-ca9f9eb5ebc8\" style=\"\" rel=\"noopener\">additional funds will be \u201ccritical\u201d in light of the war in Gaza<\/a>.<\/li>\n<li><strong>Attention, brokers and traders:<\/strong>The Financial Regulatory Authority (FRA) has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a9ec8f8-343d-4edf-928a-e48695175cd9\" style=\"\" rel=\"noopener\">introduced a group of changes<\/a><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/32psupy7\" style=\"\" rel=\"noopener\">it says<\/a> aim to cap risk in the system.<\/li>\n<li><strong>Net foreign reserves remained effectively flat in November,<\/strong> with <a target=\"_blank\" href=\"https:\/\/cbe.org.eg\/en\/news-publications\/news\/2023\/12\/07\/07\/29\/net-international-reserves-at-the-end-of-november-2023\" style=\"\" rel=\"noopener\">USD 71 mn<\/a> being added to the stockpile during the month.<\/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> We have our Manufacturer of the Month column, wherein we profile an industrial player with a manufacturing base here in Egypt. Manufacturer of the month is dedicated to looking at locally bred or international players to examine the success and challenges that came with being a manufacturer in Egypt, as well as their paths forward. Today, we speak to plastic product manufacturer El Khanagry Plastics.<\/p>\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>It\u2019s going to be a sunny day with a high of 23\u00b0C in the day time and a low of 15\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\/foreign-exchange\/\">foreign exchange<\/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\/vat\/\">VAT<\/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=\"611642 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=\"611642\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/10\/611642\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-611642\" class=\"content-area-description single-story post-611642 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\/2023\/12\/73.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=\"611643\" 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=\"611643\">\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\/12\/10\/racist-sentiment-is-rising-on-us-university-campuses-raising-questions-of-political-alignment-among-leaders\/\">\r\n                            Racist sentiment is rising on US university campuses, raising questions of political alignment among leaders                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/628.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"611644\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/10\/racist-sentiment-is-rising-on-us-university-campuses-raising-questions-of-political-alignment-among-leaders\/628-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/628.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"628.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/628.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/628.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-611643\" class=\"content-area-description single-story post-611643 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-economy tag-enterprisepm tag-for-your-commute tag-israel-gaza-war 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\/12\/.6d329bd0-0a8c-40fb-8928-308f7b31787d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Top brass at big US universities are getting tangled up in questions of <\/strong><strong>political <\/strong><strong>alignment as Israel\u2019s aggression in Gaza continues:<\/strong> University of Pennsylvania President Elizabeth Magill stepped down over the weekend after facing backlash over her testimony during a congressional hearing on campus antisemitism, according to <a target=\"_blank\" href=\"https:\/\/penntoday.upenn.edu\/announcements\/message-from-scott-bok\" style=\"\" rel=\"noopener\">a statement<\/a>. Magill\u2019s \u201cvoluntary\u201d resignation came after she said at the hearing that these situations would require \u201ca context-dependent decision,\u201d prompting wide-spread calls, including a <a target=\"_blank\" href=\"https:\/\/www.change.org\/p\/demand-resignation-of-upenn-president\" style=\"\" rel=\"noopener\">petition<\/a> with 23k signatures, for her removal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financial repercussions:<\/strong> Prior to Magill\u2019s resignation, a major UPenn donor decided to withdraw a USD 100 mn grant, <a target=\"_blank\" href=\"https:\/\/www.bbc.co.uk\/news\/world-us-canada-67655910\" style=\"\" rel=\"noopener\">BBC<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hearings point to questions on how academic leaders\u2019 political alignments should be <\/strong><strong>treated<\/strong> amid the ongoing violence in Gaza, particularly as both antisemitic and Islamophobic sentiment has jumped across the US. MIT President Sally Kornbluth and Harvard University President Claudine Gay were also questioned in the same congressional hearing, and are under pressure to take a strong stance against antisemitism, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4ed20c5a-768f-4693-8034-90e7b6ca536d\" style=\"\" rel=\"noopener\">Financial Times<\/a> and <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/education\/2023\/12\/09\/penn-president-magill-antisemitism-harvard-mit\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> note. <\/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> Shoppers are leaning into loyalty points and rewards:<\/strong> Some 39% of shoppers in the US \u2014 where <a target=\"_blank\" href=\"https:\/\/www.forbes.com\/advisor\/credit-cards\/holiday-spending-trends-2023\/\" style=\"\" rel=\"noopener\">spending is at an all time high<\/a> \u2014 are relying on their saved up loyalty points to reduce the price or not pay for their holiday shopping, according to <a target=\"_blank\" href=\"https:\/\/newsroom.paypal-corp.com\/2023-11-20-Rewards-Can-Save-You-a-Lot-of-Money-This-Real-PayPal-User-Does-It-Right\" style=\"\" rel=\"noopener\">this PayPal article<\/a>. Retailers have used this \u201cgame-like\u201d structure to bring in more customers since the holiday season makes up a significant portion of their annual revenue, according to <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/12\/09\/business\/holiday-shopping-loyalty-programs.html\" style=\"\" rel=\"noopener\">New York Times<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here at home, we have (kind of) similar programs:<\/strong> Homegrown BNPL players offer loyalty programs and other reward systems \u2014 <a target=\"_blank\" href=\"https:\/\/www.valu.com.eg\/\" style=\"\" rel=\"noopener\">ValU<\/a> and <a target=\"_blank\" href=\"https:\/\/telda.app\/\" style=\"\" rel=\"noopener\">Telda<\/a> offer cashback options, points, discounts, and products without charge based on previous spending value. Retailers are also looking at other setups, such as upscale fashion retailer <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/C0pDLlXtSSx\/\" style=\"\" rel=\"noopener\">Ego<\/a>, which is offering gold coins as a cashback option. Shoppers who spend EGP 25k will receive a quarter gold coin, while those who spend a cool EGP 500k will be able to receive a gold bar weighing one ounce, as well as half a kilo of silver.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel-gaza-war\/\">Israel-Gaza war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n  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href=\"https:\/\/www.mashreq.com\/en\/uae\/about-us\/sustainability\/climb2change\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/97.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"611646\" 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=\"611646\">\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\/12\/10\/the-curse-of-audrey-earshaw-brings-suspense-to-your-screens\/\">\r\n                            The Curse of Audrey Earshaw brings suspense to your screens                        <\/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\/12\/10\/the-curse-of-audrey-earshaw-brings-suspense-to-your-screens\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n          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data-attachment-id=\"611647\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/10\/the-curse-of-audrey-earshaw-brings-suspense-to-your-screens\/601-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/601.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"601.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/601.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/601.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-611646\" class=\"content-area-description single-story post-611646 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.ce9931f0-acfd-4954-a7a0-3393640e75df.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:\/\/shahid.mbc.net\/en\/movies\/The-Curse-Of-Audrey-Earnshaw\/movie-998905\" style=\"\" rel=\"noopener\">The Curse of Audrey Earnshaw<\/a><\/strong><strong> will make the winter nights even colder. <\/strong>In a devout community that happens to be suffering from a plague that decimates all of their crops and livestock, a mother and daughter become suspects of witchcraft. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a slow-burner which helps develop the eerie atmosphere that makes this film hard to<\/strong><strong> pause: <\/strong>The shock factor of horror films does not affect us as much as it used to, but because this movie does such a good job of creating suspense, it does get to us. The <a target=\"_blank\" href=\"https:\/\/www.hollywoodreporter.com\/movies\/movie-reviews\/the-curse-of-audrey-earnshaw-film-review-4069995\/\" style=\"\" rel=\"noopener\">Hollywood Reporter<\/a> even described watching the film as manifesting \u201can overall sense of dread.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This film is an easy choice when we want a bit of fear without being scared to walk<\/strong><strong> around our home alone at night. <\/strong>The actors give very committed performances to really sell the overall unease and fear. But do note that the actual narrative isn\u2019t as well developed. Either way, it\u2019s a good watch for when you\u2019re in the mood for a little thrill and another reason to nervously wolf down your popcorn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can watch the film on <\/strong><strong><a target=\"_blank\" href=\"https:\/\/shahid.mbc.net\/en\/movies\/The-Curse-Of-Audrey-Earnshaw\/movie-998905\" style=\"\" rel=\"noopener\">Shahid<\/a><\/strong><strong>.<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"611651 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"611651\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/10\/611651\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-611651\" class=\"content-area-description single-story post-611651 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.palmhillsdevelopments.com\/en-us\/home\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/12\/Palm-Hills-The-Crown-web-dec-22.jpg\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"611652\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div 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<\/div>\n<\/div>\n<\/section>\n<section id=\"611653\" 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=\"611653\">\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\/12\/10\/what-the-markets-are-doing-on-10-december-2023\/\">\r\n                            What the markets are doing on 10 December, 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\" 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       <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/10\/what-the-markets-are-doing-on-10-december-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-611653\" class=\"content-area-description single-story post-611653 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.ff30561b-fe86-4c97-ac7c-acd6cea71273.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 2.0% at today\u2019s close<\/strong> on turnover of EGP 3.4 bn (9.4% above the 90-day average). Local investors were net buyers. The index is up 65.7% 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>Madinet Masr (+3.9%), Fawry (+1.0%) and EFG Holding (+0.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Mopco (-10.1%), Orascom Development Egypt (-6.9%) and Palm Hills Development (-5.5%).<\/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=\"611654\">\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\/our-manufacturer-of-the-month-el-khanagry-for-plastics\/\">  \r\n                            Our Manufacturer of the Month: El Khanagry for Plastics<\/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\/our-manufacturer-of-the-month-el-khanagry-for-plastics\/\" 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 monthly feature covers manufacturers in different industries to look at their success stories, the challenges they have faced as local manufacturers, and the path forward as Egypt looks to build a more robust local industry. This month, we spoke with Mira El Khanagry, CEO of El Khanagry for Plastics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>El Khanagry for Plastics is a plastic product manufacturer and it\u2019s the second generation <\/strong><strong>of our family business.<\/strong> We merged Technoplast and Modern Seouf Plastics and rebranded to El Khanagry for Plastics. I\u2019ve been with the company since before I even graduated from university, and I\u2019ve really grown up there \u2014 starting out as a secretary to now being in charge of the company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>El Khanagry currently focuses on manufacturing packaging, specifically for edible oils <\/strong><strong>and water, preforms, jars, and pharma products.<\/strong> We have a very wide range of products \u2014 pretty much anything that falls under the umbrella of packaging. We have manufacturing lines for household items, garden or outdoor furniture, and some industrial supplies like car bumpers, because there\u2019s a large amount of versatility with injection molding machines. However, our core focus remains packaging, and that\u2019s where we direct all of our capacity \u2014 industrial supplies are only manufactured for clients on demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Currently, our packaging uses PET plastic, and 100% of our input materials are imported<\/strong>, so we\u2019ve really been struggling with that for the past year or more. There are no suppliers of PET plastic here in Egypt, except for one plant in the Suez Canal Economic Zone, but we have to go through the same process and troubles as we do when we\u2019re importing from outside of Egypt, so that doesn\u2019t really resolve our issue. We were lucky that we always try to keep a strategic stock of raw materials on hand, so when all of these problems with the FX situation and import controls started cropping up, we were able to rely on that stock. However, it was when that stock became depleted that the real problems began. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All of our production output is currently sold locally<\/strong>, which means that we don\u2019t have the benefit of having secured a source of FX income to offset the cost and pressure of having FX expenses. And on the local market level, the competitive landscape in our field is a bit tough because you can create products that look more or less the same, but are of vastly different quality, just by using cheaper machinery. If you invest a lot in machinery, the products look the same as their cheaper alternatives and consumers can\u2019t always tell the difference, unless they have high quality standards and know what they\u2019re looking for. That\u2019s one of our edges \u2014 we really focus on quality. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To be able to export our products and have a competitive edge \u2014 or just have a feasible <\/strong><strong>value proposition \u2014 we have to modify our product<\/strong>, which requires investing in machinery to create the right products that are exportable. Of course, I would love to be able to divert some of our production capacity and output to exports, but even the starting point of importing the necessary machinery is difficult because of the current restrictions. There has to be a complete change in the product to be able to export, but if you\u2019re trying to navigate the current difficult situation and just keep your head above the water, you\u2019re not left with a lot of time or room to innovate. Having smooth operations for six months would allow us the space to think strategically and start taking some action on pivoting. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By focusing on the right products to export, you\u2019re diverting the line of production and <\/strong><strong>the whole philosophy of the company<\/strong> \u2014 which is definitely something we\u2019d like to consider when we have the space to do so. I would like to export a product that\u2019s more environmentally friendly and is more recyclable. I want to start dabbling in using different materials as alternatives to plastic, without abandoning plastic altogether. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We would also need to have government and policy backing to be able to take the risk of<\/strong><strong> pivoting towards exports.<\/strong> Say, for example, we decide to produce biodegradable packaging. That\u2019s not really widely used or sought after in the local market, so you would need to have the government standing behind you and saying, \u201cYes, we want to go in that direction,\u201d and then at least providing the business environment \u2014 including access to FX \u2014 to be able to operate and move forward in that direction. That\u2019s not the case right now. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The analogy that captures our current situation is that it\u2019s similar to sailing a large ship <\/strong><strong>through a storm.<\/strong> We\u2019re a medium to large company \u2014 had we been a small sailboat, we would have sunk by now (which many competitors have, and which is good for our business but unfortunate for the bigger picture since a healthy economy needs competition). We\u2019ve been stuck in the middle of an \u201cout of season\u201d storm \u2014 ie, unexpected and not something we had planned for \u2014 for over a year and a half, and the crew is tired. All we can think about is how to stay afloat, provide for the material needs of the crew, and somehow keep them motivated to wait out the storm, even though nobody knows when that might be. But after such a long storm, the crew is hungry and down (employees\u2019 morale is at a low that we have not seen before), the ship is worn out (even importing spare parts is a challenge), and there is still no destination in sight. When in survival mode, you need some calm sea to redirect the ship (upgrade machinery, innovate products, explore new markets). We\u2019re hoping for some smooth sailing soon.<\/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\/el-khanagry-for-plastics\/\">El Khanagry for Plastics<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mira-el-khanagry\/\">Mira El Khanagry<\/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=\"611656\" 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\/12\/10\/611656\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-611656\" class=\"content-area-description single-story post-611656 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-26 December (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C0KZO7dtSnM\/?img_index=1\" style=\"\">Ali Badrakhan\u2019s cinema<\/a><\/span><span style=\"font-weight:400;\">, Zawya Cinema, Downtown.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-16 December (Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/visit-gem.com\/en\/tut\" style=\"\">Tutankhamun: The Immersive Exhibition<\/a><\/span><span style=\"font-weight:400;\"> at the Grand Egyptian Museum.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11<\/span><span> December (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/264118406665732\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Cheese Fondue Brunch<\/a><\/span><span style=\"font-weight:400;\"> at Villa Belle \u00c9poque.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 December (Monday- Tuesday): Omar Khairat\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/3128122723986675\/3128122733986674\/?active_tab=about\" style=\"\">concerts<\/a><\/span><span style=\"font-weight:400;\">, Cairo Opera House, Zamalek. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12<\/span><span> December (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/320343530874091\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Ornament Mosaic Workshop<\/a><\/span><span style=\"font-weight:400;\"> at MAKAN Interiors.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12<\/span><span> December (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/317129280885214\/357308756867266\/?active_tab=about\" style=\"\">Karaoke Night<\/a><\/span><span style=\"font-weight:400;\"> at Room Garden 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:400;\">14-21 December (Thursday-Thursday): Gouna Film Festival (GFF), Gouna.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15<\/span><span> December (Friday): Cairo Celebration Choir\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/cairo-celebration-choir-christmas-concert_se_2683.html\" style=\"\">Christmas Concert<\/a><\/span><span style=\"font-weight:400;\"> at Theatro Arkan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-16 December (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLSfe8WXdpXqep4C8Rnodgh3jDrl6-tFYRYGkntTCl71HC4vbLg\/viewform\" style=\"\">Stories of Goha and Folktales of Yore<\/a><\/span><span style=\"font-weight:400;\"> by Act Theatre Group at Tahir Cultural Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16<\/span><span> December (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/366162929419699\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Droob Heritage Day Tour<\/a><\/span><span style=\"font-weight:400;\"> by Qahrawya.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16<\/span><span> December (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/714007153987960\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Christmas Wonderland<\/a><\/span><span style=\"font-weight:400;\"> at The Field, Maadi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16<\/span><span> December (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/320107874185459\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Fairouz Tribute Nigh<\/a><\/span><span style=\"font-weight:400;\">t at Room Garden City.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21<\/span><span> December (Thursday): Art <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1768198620285231\/1768200203618406\/?active_tab=about\" style=\"\">staged performance<\/a><\/span><span> by Yasmina Riza at <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/art_se_2617.html\" style=\"\">Rawabet Art Space<\/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>21<\/span><span>-23 December (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/the-nmec-experience-family-fun-fest_se_2681.html\" style=\"\">Family Fun Fest<\/a><\/span><span style=\"font-weight:400;\"> by Kult Creative at the National Museum of Egyptian Civilization.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 December (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-the-christmas-show-by-gaby-bishara-22-december-2023-arkan-plaza-giza-11555.html\" style=\"\">The Christmas Show<\/a><\/span><span style=\"font-weight:400;\"> by Gaby Bishara at Theatro Arkan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 December (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-tamer-ashour-live-concert-at-dandy-mall-22-december-2023-dandy-mall-giza-11332.html\" style=\"\">Tamer Ashour<\/a><\/span><span style=\"font-weight:400;\"> Live Concert at Dandy Mall.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22<\/span><span> December (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1355938358628786\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">The High Five<\/a><\/span><span> Stand Up Comedy Show at <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tazkarti.com\/#\/e\/327\" style=\"\">The Marquee<\/a><\/span><span style=\"font-weight:400;\">, CFC.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22<\/span><span>-23 December (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/653302556991146\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">The Garden Market, Christmas Edition<\/a><\/span><span style=\"font-weight:400;\"> at Merryland Park.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22<\/span><span>-23 December (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1646875735837468\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">LA Winter Vibes Market<\/a><\/span><span style=\"font-weight:400;\"> at the Egyptian International Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23<\/span><span> December (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.pyramidshalfmarathon.com\/?fbclid=IwAR0sY7vt9BODsTBI2rg5R6-8fb3nUvYEyf3Jq9p3c8Enrc-JnJOd_Nyl_zY\" style=\"\">Pyramids Half Marathon<\/a><\/span><span style=\"font-weight:400;\"> by The TriFactory.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 December (Saturday): The Cairo Symphony Orchestra\u2019s concert, Cairo Opera House, Zamalek.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24<\/span><span> December (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1023847998917835\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Christmas Eve<\/a><\/span><span style=\"font-weight:400;\"> at Villa Belle \u00c9poque. <\/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;\">25 December (Monday): Disney Classics concert, Cairo Opera House, Zamalek.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25<\/span><span> December (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/221289997581752\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Christmas Dinner<\/a><\/span><span style=\"font-weight:400;\"> at Kazoku.<\/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;\">26-30 December (Tuesday-Saturday): NutCracker shows, Cairo Opera House, Zamalek. <\/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;\">31 December (Sunday): The Cairo Symphony Orchestra New Year\u2019s Eve concert, Cairo Opera House, Zamalek. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2023: The inauguration of the Grand Egyptian Museum.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Q1 2024: Opening of the newly developed Pyramids Plateau in 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:700;\">2024<\/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;\">JANUARY<\/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;\">7 January (Sunday): Coptic Christmas.<\/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;\">25 January (Thursday): Revolution Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26 January-6 February (Friday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cairobookfair.gebo.gov.eg\/\" style=\"\">Cairo International Book Fair<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1<\/span><span> March (Friday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1024768525605038\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Cairo Half Marathon<\/a><\/span><span> by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cairorunners.com\/?fbclid=IwAR2wkJLyoQxKE0h4vtO_lPG-BMPvIrC8o0oSP5J6_Lt5QEzWRHkYI5R0sqg\" style=\"\">Cairo Runners<\/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>11-12 March (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/creativeindmena.com\/\" style=\"\">Creative Industry Summit<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9 April (Tuesday): Eid El Fitr (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 April (Thursday): National holiday in observance of Sinai Liberation Day (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;\">MAY<\/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;\">1 May (Wednesday): National holiday in observance of Labor Day (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;\">5 May (Sunday): Coptic Easter.<\/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 May (Monday): Sham El Nessim (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;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15-19 June (Saturday-Wednesday): Eid El Adha (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 June (Sunday): June 30 Revolution Day (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;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 July (Sunday): National holiday in observance of Islamic New Year (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23 July (Tuesday): Revolution Day (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\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 September (Sunday): 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>6 October (Sunday): Armed Forces Day.<\/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":611639,"template":"","categories":[],"tags":[],"class_list":["post-611638","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b7e8b49d-1985-446f-bc7f-64175a8d8138","teaser":"","photo_url":"https:\/\/ent.news\/2021\/10\/251.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>In the hot seat - 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\/in-the-hot-seat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In the hot 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