{"id":614561,"date":"2024-02-04T00:00:00","date_gmt":"2024-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=614561"},"modified":"2025-12-17T03:38:05","modified_gmt":"2025-12-17T03:38:05","slug":"password-sharing-crackdown-continues","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/password-sharing-crackdown-continues\/","title":{"rendered":"Password-sharing crackdown continues"},"content":{"rendered":"<section id=\"614563\" 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=\"614563\">\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\/2024\/02\/04\/this-evening-finmin-looks-at-possibility-of-cutting-down-on-taxes-to-support-industry\/\">\r\n                            THIS EVENING: FinMin looks at possibility of cutting down on taxes to support industry                        <\/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\/2024\/02\/04\/this-evening-finmin-looks-at-possibility-of-cutting-down-on-taxes-to-support-industry\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/this-evening-finmin-looks-at-possibility-of-cutting-down-on-taxes-to-support-industry\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/this-evening-finmin-looks-at-possibility-of-cutting-down-on-taxes-to-support-industry\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: FinMin looks at possibility of cutting down on taxes to support industry&url=https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/this-evening-finmin-looks-at-possibility-of-cutting-down-on-taxes-to-support-industry\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/this-evening-finmin-looks-at-possibility-of-cutting-down-on-taxes-to-support-industry\/&title=THIS EVENING: FinMin looks at possibility of cutting down on taxes to support industry\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+FinMin+looks+at+possibility+of+cutting+down+on+taxes+to+support+industry+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F02%2F04%2Fthis-evening-finmin-looks-at-possibility-of-cutting-down-on-taxes-to-support-industry%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\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\/2024\/02\/04\/this-evening-finmin-looks-at-possibility-of-cutting-down-on-taxes-to-support-industry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1775.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"614564\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/this-evening-finmin-looks-at-possibility-of-cutting-down-on-taxes-to-support-industry\/1775-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1775.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1775.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1775.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1775.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-614563\" class=\"content-area-description single-story post-614563 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-enterprisepm tag-finance-ministry tag-tax 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\/2024\/2\/.44d8278f-26c3-4c52-9f07-ef289821b3f7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends.<\/strong> This new workweek is bringing what is shaping up to be a busy news day both at home and in the region. <\/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>Tax breaks incoming?<\/strong> The government has formed a committee to look into simplifying and reducing the number of taxes and fees on goods and services in a bid to incentivize local industries, boost exports, attract new investments and curb inflation, a senior government source told Enterprise. The committee will begin reviewing a list of taxes and fees during its first meeting this week, the source added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s much room for improvement:<\/strong> The proposed tax breaks seek to eliminate double taxation and redundant fees that see some goods taxed at up to 45%, the source explained. <\/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>US and UK-led attacks on Houthi militants in Yemen continue to lead the conversation in <\/strong><strong>the international press <\/strong><strong>today<\/strong><strong>. <\/strong>Aircraft aboard the USS Eisenhower conducted the attacks last night while sailors aboard the USS Mason fired missiles at the Houthis, who have been attacking passing vessels in solidarity with Gaza, building up fears of widespread regional escalation. Just a day earlier, the US had struck 85 targets in Iraq and Syria in response to the Iran-backed attack that killed three of their own in Jordan. As a result of the turmoil, the global oil market is turning to local supply to avoid any trouble amidst Houthi promises of retaliation. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/02\/04\/onboard-a-us-aircraft-carrier-a-cat-and-mouse-game-with-houthi-forces-plays-out.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-04\/red-sea-danger-is-spurring-global-oil-buyers-to-go-local?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f0a8216d-3e5e-4cd6-835f-d325afa52f98\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/iraq-syria-strikes-hamas-militia-iran-us-62be7c7b500de1d0f1287a9b2c6f82dc\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-vow-response-after-us-british-strikes-2024-02-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\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>The Central Bank of Egypt (CBE) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe7e3e78-d6e6-4ad9-b0ea-3f206b156039\" style=\"\" rel=\"noopener\">hiked interest rates<\/a><\/strong><strong> by 200 basis points <\/strong>at its first Monetary Policy Committee meeting of the year on Thursday.<\/li>\n<li><strong>IMF staff and Egyptian officials are <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/31fdb523-76ff-461b-baa0-cad7d851ed96\" style=\"\" rel=\"noopener\">close to finalizing<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/31fdb523-76ff-461b-baa0-cad7d851ed96\" style=\"\" rel=\"noopener\">a new financial support<\/a> package for Egypt, after an IMF delegation spent almost two weeks in Cairo.<\/li>\n<li><strong>FinMin wants to soften the blow of the FX crunch on the books: <\/strong>The Finance Ministry wants to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3286e0fd-c1d8-470a-8d7a-544b81b6eec2\" style=\"\" rel=\"noopener\">change the way businesses calculate their foreign exchange costs<\/a> to determine their tax base.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HELP GAZA-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to support relief efforts in Gaza, but don\u2019t know how?<\/strong> We\u2019ve got you. More than 1 mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The folks at Talabat are processing donations for a range of Gaza relief appeals <\/strong>by charities including the Egyptian Food Bank and Misr El Kheir. Pay in EGP using your credit card.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Or check out <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/f8ce0f50-10c2-4cca-8e6f-64c32a5c90b7\" style=\"\" rel=\"noopener\">our list of charities<\/a><\/strong><strong> to which you can make direct donations<\/strong> via bank deposit and \/ or Fawry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/03\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg\"\/><\/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> As most manufacturers struggle to keep up with pressures from rising FX costs and difficulties securing imports of raw materials and other production inputs, pharma players say their sector is faring worse than most others. In addition to these burdens, pharma players are bound by mandatory pricing from the Egyptian Drug Authority, which makes it difficult for them to raise prices in tandem with increasing costs. <\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u26c5\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Expect some clouds to roll back in with the mercury rising to a high of 19\u00b0C and a low of 11\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\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"614565 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=\"614565\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/614565\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-614565\" class=\"content-area-description single-story post-614565 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=\"614566\" 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=\"614566\">\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\/2024\/02\/04\/sharing-your-disney-credentials-your-days-might-be-numbered-plus-meta-and-other-tech-giants-are-reaping-gains-after-slimming-down\/\">\r\n                            Sharing your Disney+ credentials? Your days might be numbered. PLUS: Meta and other tech giants are reaping gains after slimming down                        <\/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\/2024\/02\/04\/sharing-your-disney-credentials-your-days-might-be-numbered-plus-meta-and-other-tech-giants-are-reaping-gains-after-slimming-down\/\" 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\/2024\/02\/04\/sharing-your-disney-credentials-your-days-might-be-numbered-plus-meta-and-other-tech-giants-are-reaping-gains-after-slimming-down\/')\">\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\/2024\/02\/04\/sharing-your-disney-credentials-your-days-might-be-numbered-plus-meta-and-other-tech-giants-are-reaping-gains-after-slimming-down\/\">\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=Sharing your Disney+ credentials? Your days might be numbered. PLUS: Meta and other tech giants are reaping gains after slimming down&url=https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/sharing-your-disney-credentials-your-days-might-be-numbered-plus-meta-and-other-tech-giants-are-reaping-gains-after-slimming-down\/\">\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\/2024\/02\/04\/sharing-your-disney-credentials-your-days-might-be-numbered-plus-meta-and-other-tech-giants-are-reaping-gains-after-slimming-down\/&title=Sharing your Disney+ credentials? Your days might be numbered. PLUS: Meta and other tech giants are reaping gains after slimming down\">\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=Sharing+your+Disney%2B+credentials%3F+Your+days+might+be+numbered.+PLUS%3A+Meta+and+other+tech+giants+are+reaping+gains+after+slimming+down+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F02%2F04%2Fsharing-your-disney-credentials-your-days-might-be-numbered-plus-meta-and-other-tech-giants-are-reaping-gains-after-slimming-down%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\/2024\/02\/04\/sharing-your-disney-credentials-your-days-might-be-numbered-plus-meta-and-other-tech-giants-are-reaping-gains-after-slimming-down\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/175.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"614567\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/sharing-your-disney-credentials-your-days-might-be-numbered-plus-meta-and-other-tech-giants-are-reaping-gains-after-slimming-down\/175-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/175.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"175.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/175.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/175.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-614566\" class=\"content-area-description single-story post-614566 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-enterprisepm tag-for-your-commute tag-meta 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\/2024\/2\/.dbb59a2a-511c-4775-8b9c-c9b6d0ca3ed3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It might be time to log out of your friends\u2019 Disney+ streaming account<\/strong>, as Disney+ and Hulu are following in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d259bfa5-f958-459f-8f12-a3c033c8827b\" style=\"\" rel=\"noopener\">Netflix\u2019s password crackdown footsteps<\/a>. Starting 14 March, both Disney+ and Hulu \u2014 which is partially owned by Disney \u2014 will \u201c <a target=\"_blank\" href=\"https:\/\/www.wired.com\/story\/hulu-disney-password-sharing-over\/\" style=\"\" rel=\"noopener\">add limitations<\/a> \u201d to stop users from sharing login information with people outside of their household. These limitations will be rolling out in the US and UK first before making their way over to the Middle East.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is a household?<\/strong><a target=\"_blank\" href=\"https:\/\/www.hulu.com\/subscriber_agreement#section2:~:text=m.%20Account%20Sharing,with%20this%20section.\" style=\"\" rel=\"noopener\">Hulu<\/a> and Disney+\u2019s US subscriber agreements, which were updated on 25 January to include this change, define a household as a collection of devices located at a single address, used by people who consider it their primary personal residence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Before you try: You can\u2019t outsmart it.<\/strong> The streaming services might resort to shady methods to \u201canalyze\u201d your account use. While the companies chose not to comment on how they plan to do that, we expect them to follow suit with Netflix and collect your IP addresses, device IDs, and account activity to determine whether you\u2019re breaking their terms of service, although Netflix denied collecting GPS data from devices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The password-sharing issue can make a big difference for streaming giants:<\/strong> Netflix spearheaded the move to crack down on password sharing back in May 2023 due to high operation costs that made streaming unprofitable. Forcing users to create their own accounts helped Netflix add 8.8 mn subscribers and <a target=\"_blank\" href=\"https:\/\/www.wired.com\/story\/netflix-password-sharing-crackdown-working-for-now\/\" style=\"\" rel=\"noopener\">USD 8.5 bn<\/a> in revenue. Disney lost some USD 11 bn over the course of three years since launching Disney+ in 2019, according to the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/08\/09\/business\/media\/disney-earnings.html\" style=\"\" rel=\"noopener\">New York Times<\/a>. Disney CEO Bob Iger told shareholders that the company plans to make its streaming service business <a target=\"_blank\" href=\"https:\/\/thewaltdisneycompany.com\/the-walt-disney-company-highlights-strength-of-its-highly-qualified-board-and-clear-strategy-to-deliver-growth-and-shareholder-value\/\" style=\"\" rel=\"noopener\">profitable<\/a> by the end of 2024, moving first to <a target=\"_blank\" href=\"https:\/\/arstechnica.com\/culture\/2023\/08\/the-tv-streaming-apps-broke-their-promises-and-now-theyre-jacking-the-price\/\" style=\"\" rel=\"noopener\">increase prices<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While Hulu isn\u2019t available in Om El Donia<\/strong>, Disney <a target=\"_blank\" href=\"https:\/\/thewaltdisneycompany.com\/disneys-q2-fy23-earnings-results-webcast\/\" style=\"\" rel=\"noopener\">will<\/a><a target=\"_blank\" href=\"https:\/\/thewaltdisneycompany.com\/disneys-q2-fy23-earnings-results-webcast\/\" style=\"\" rel=\"noopener\">launch<\/a> a combined Disney+ and Hulu app, Iger said, once the company <a target=\"_blank\" href=\"https:\/\/arstechnica.com\/gadgets\/2023\/11\/disney-will-take-total-ownership-of-hulu-to-aid-struggling-streaming-business\/\" style=\"\" rel=\"noopener\">completes its ownership<\/a> of the streaming service.<\/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>Tech companies are keeping things lean \u2014 and shareholders are happy: <\/strong>Tech giants like Meta and Amazon have been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3069cd71-15fa-4b12-ae47-a4263a4c567e\" style=\"\" rel=\"noopener\">ramping up layoffs<\/a> to increase efficiency, even as they\u2019re both seeing record revenues, according to <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/02\/02\/techs-longtime-highfliers-are-growing-up-by-getting-smaller-.html\" style=\"\" rel=\"noopener\">CNBC<\/a>. The moves have helped drive their stocks upwards, signaling to investors that they\u2019re able \u201cto do more with less, an alluring equation for shareholders,\u201d CNBC says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors are reaping the benefits: <\/strong>Meta is introducing dividends for the first time, announcing last week on its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/168.pdf\" style=\"\" rel=\"noopener\">4Q earnings call<\/a> that it will distribute a quarterly dividend of USD 0.5 per share, after reporting bumper earnings for the quarter. Amazon, Alphabet, and Microsoft have yet to follow suit \u2014 but have been hopping on the downsizing trend along with multiple other companies\u2014 Microsoft let go of 1.9k roles just last month, says <a target=\"_blank\" href=\"https:\/\/layoffs.fyi\/\" style=\"\" rel=\"noopener\">layoffs.fyi.<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hiring isn\u2019t completely halted \u2014 it\u2019s just more intentional. <\/strong>New hires will be \u201crelatively minimal compared to what we would have done historically,\u201d signifying a new movement in the \u201cmaturing\u201d tech industry, Meta CEO Mark Zuckerberg said on the call. They\u2019re still looking for talent, especially for AI, but will keep it minimal with heightened consideration of the cost \/ benefit \u2014 hiring means cutting back somewhere else. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new era for the tech industry: <\/strong>Companies are going against the traditional route of reinvesting in growth and hiring. Capital preservation is now the new thing, Daniel Flax, an analyst at Neuberger Berman described it as \u201ccontinu[ing] to invest for the future and play offense while at the same time manage expenses in this tough environment.\u201d Projections of slowed growth late this year suggest even more oncoming capital allocation changes. Having a smaller headcount also means more control, allowing for growth while staying lean and limber. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/meta\/\">meta<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"614568 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"614568\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/614568\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-614568\" class=\"content-area-description single-story post-614568 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/154.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"614569\" 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=\"614569\">\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\/2024\/02\/04\/the-wonder-brings-faith-and-psychology-into-conflict\/\">\r\n                            The Wonder brings faith and psychology into conflict                        <\/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\/2024\/02\/04\/the-wonder-brings-faith-and-psychology-into-conflict\/\" 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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Anna becomes a saintly figure, with believers constantly visiting her home to witness the miracle of her piety for themselves. As commissioned by a committee of priests and village leaders, Lib must investigate how Anna has managed to survive her four-month fast while alternating shifts with a nun in a battle between medicine and faith. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Faith, Famine, and Family: <\/strong>The movie starts with Pugh breaking the fourth wall to urge viewers to embrace storytelling: \u201cWe are nothing without stories, so we invite you to believe in this one.\u201d That message runs throughout the film, asking us to confront our beliefs while being wary of blind faith. Lib starts as a harsh skeptic but must quickly grapple with her confidence in herself and her devotion to Anna. But, by the end, The Wonder is driven by passion, belief, and human sympathy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hunger can manifest itself in many ways.<\/strong> Aside from the nod to faith, the movie addresses the consequences of colonialism. Set in a time when the effects of <a target=\"_blank\" href=\"https:\/\/www.britannica.com\/event\/Great-Famine-Irish-history\" style=\"\" rel=\"noopener\">the Great Famine<\/a> still linger, and centering around hunger and survival, The Wonder manages to confront themes of control and oppression. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s no surprise that Pugh delivers another phenomenal performance<\/strong>, but the true star of the film is newcomer Kila Lord Cassidy, who plays Anna. <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/film\/2022\/nov\/07\/kila-lord-cassidy-elaine-wonder-film-rural-ireland\" style=\"\" rel=\"noopener\">At just 13 years old<\/a>, not even old enough to watch the movie, Cassidy delivers the dark subject matter like a pro. She embraces the character completely, rightfully earning her her first <a target=\"_blank\" href=\"https:\/\/www.bifa.film\/people\/kila-lord-cassidy\/\" style=\"\" rel=\"noopener\">nomination<\/a> for best breakthrough at the British Independent Film Awards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHERE TO WATCH - <\/strong>You can find <a target=\"_blank\" href=\"https:\/\/www.netflix.com\/eg-en\/title\/81426931\" style=\"\" rel=\"noopener\">The Wonder on Netflix<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"614574 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"614574\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/614574\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-614574\" class=\"content-area-description single-story post-614574 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.palmhillsdevelopments.com\/en-us\/home\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/164.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"614575\" 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     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class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-bmeqtgr\" data-v=\"4\" data-block-id=\"bmeqtgr\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-bmeqtgr-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-bmeqtgr-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div 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<\/div>\n<\/div>\n<\/section>\n<section id=\"614576\" 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=\"614576\">\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\/2024\/02\/04\/what-the-markets-are-doing-on-4-february-2024\/\">\r\n                            What the markets are doing on 4 February 2024                        <\/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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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2024\/02\/04\/what-the-markets-are-doing-on-4-february-2024\/&title=What the markets are doing on 4 February 2024\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+the+markets+are+doing+on+4+February+2024+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F02%2F04%2Fwhat-the-markets-are-doing-on-4-february-2024%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\/2024\/02\/04\/what-the-markets-are-doing-on-4-february-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-614576\" class=\"content-area-description single-story post-614576 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\/2024\/2\/.78c0b631-60cc-4e0e-bada-e142b9184693.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 3.0% at today\u2019s close<\/strong> on turnover of EGP 5.1 bn (46.4% above the 90-day average). Local investors were net buyers. The index is up 10.8% 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>Ibnsina Pharma (+11.0%), Juhayna (+10.1%) and Palm Hills Development (+7.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Alex Containers and Cargo Handling (-11.2%), Oriental Weavers (-9.6%) and Sidi Kerir Petrochemicals (-9.5%).<\/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=\"614577\">\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\/with-mandatory-pricing-fx-pressures-egypts-pharma-industry-is-trying-to-keep-its-head-above-water\/\">  \r\n                            With mandatory pricing + FX pressures, Egypt\u2019s pharma industry is trying to keep its head above water<\/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\/with-mandatory-pricing-fx-pressures-egypts-pharma-industry-is-trying-to-keep-its-head-above-water\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/inside_industry\/with-mandatory-pricing-fx-pressures-egypts-pharma-industry-is-trying-to-keep-its-head-above-water\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/inside_industry\/with-mandatory-pricing-fx-pressures-egypts-pharma-industry-is-trying-to-keep-its-head-above-water\/\">\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=With mandatory pricing + FX pressures, Egypt\u2019s pharma industry is trying to keep its head above water&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/with-mandatory-pricing-fx-pressures-egypts-pharma-industry-is-trying-to-keep-its-head-above-water\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/with-mandatory-pricing-fx-pressures-egypts-pharma-industry-is-trying-to-keep-its-head-above-water\/&title=With mandatory pricing + FX pressures, Egypt\u2019s pharma industry is trying to keep its head above water\">\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=With+mandatory+pricing+%2B+FX+pressures%2C+Egypt%E2%80%99s+pharma+industry+is+trying+to+keep+its+head+above+water+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Fwith-mandatory-pricing-fx-pressures-egypts-pharma-industry-is-trying-to-keep-its-head-above-water%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/with-mandatory-pricing-fx-pressures-egypts-pharma-industry-is-trying-to-keep-its-head-above-water\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/524.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"614578\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/with-mandatory-pricing-fx-pressures-egypts-pharma-industry-is-trying-to-keep-its-head-above-water\/524-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/524.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"524.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/524.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/524.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-614577\" class=\"content-area-description post-614577 inside_industry type-inside_industry status-publish has-post-thumbnail hentry category-inside-industry tag-enterprise-inside-industry tag-enterprisepm tag-foreign-exchange tag-healthcare 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>Most industries in Egypt are struggling right now, but pharma players say they have it <\/strong><strong>worse than most.<\/strong> Like other industries, the pharma industry is severely impacted by the ongoing FX crunch, which is hampering the industry\u2019s ability to import raw materials and active ingredients for a number of meds and products, according to industry players Enterprise spoke with. Several producers have had to resort to sourcing these ingredients from the black market, according to our sources, while other players are shifting towards manufacturing cosmetics, nutritional supplements, and vitamins instead of medications. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> Egypt currently has 170 factories producing pharma products, in addition to another 40 factories currently under construction, head of the Federation of Egyptian Industries\u2019 pharma chamber Gamal El Leithy told Enterprise. There are also around 500 cosmetics factories, along with some 300 factories producing medical equipment, according to El Leithy. We have around 191 licensed factories with a combined 799 production lines, head of the Egyptian Drug Authority Tamer Essam. That\u2019s a notable leap from where we were a decade ago, when Egypt had 130 pharma factories with some 500 production lines, according to Essam.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pharma has big FX needs because it\u2019s extremely import-reliant<\/strong>, considering manufacturers import around 90% of raw materials, head of the pharma division in the Federation of Egyptian Chamber of Commerce Ali Ouf told Enterprise. That reliance on imports should grant the sector special treatment in at least some regards, Ouf suggested. \u201cWe\u2019re facing a crisis due to the inability to compensate for jumps in the cost differences of USD sourcing by pricing it into the products because the sector is regulated by mandatory pricing that can\u2019t be changed without the approval of the Egyptian Drug Authority,\u201d Ouf previously told us. This formula puts the sector under the pressure of facing \u201chuge\u201d cost differences, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sector has had only a partial solution:<\/strong> While costs jumped 50% last year, the EDA allowed for a 20% increase in prices. The EDA also abides by pricing according to the official exchange rate (EGP 30.96 \/ USD 1), which is far below the parallel market pricing, further widening the gap between the EDA\u2019s pricing guidelines and the reality for many of these companies. Companies are forced to source FX from the parallel market to ensure operational continuity, which exposes them to sharper cost increases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the government isn\u2019t blind to the problems:<\/strong> Cabinet is currently working on ensuring the availability of pharma products and medical equipment, particularly as there is a shortage of certain products, Prime Minister Moustafa Madbouly said in <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid029ABNWVX235wWRHa2783xEyjcV2KSgYrnFJ4brBpmxFZey37ouCASgZNUorFu3X1xl\" style=\"\" rel=\"noopener\">a statement today<\/a>. Madbouly called for an increase in reserves and stockpiles of critical meds, with Health Minister Khaled Abdel Ghaffar confirming that certain products \u2014 particularly those that are imported \u2014 have been in short supply in the past period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More tax deductions are needed, <\/strong><strong>sector<\/strong><strong> says:<\/strong> Pharma companies in Egypt are facing net losses as a result of high fees, taxes, and currency differences, in addition to foreign companies being legally prohibited from purchasing FX from the black market, Ouf said. Authorities should be more lenient with the sector when it comes to imposing fines for delays in production, Ouf suggested, while there should also be a comprehensive view on the sector as a whole, including taxes, incentives, pricing, and FX transactions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A unified and flexible registration system + fair pricing:<\/strong> The solution for industry obstacles including introducing a new system for registering pharma products, which takes time and lots of money and therefore limits companies\u2019 ability to allocate these resources towards deepening the local product, El Leithy suggests. He also believes that introducing flexibility in pricing will allow factories to improve operational continuity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sector has lots of potential \u2014 if its problems are addressed:<\/strong> Pharma could export as much as USD 5 bn worth of products by 2030, thanks to the active ingredients we have access to and the range of products we produce, but the sector needs a shot in the arm, Chairman of the Egyptian Federation of Investors\u2019 Association\u2019s Health and Medicine Committee Mohie Hafez said. Introducing flexible pricing, ensuring the availability of active ingredients, and correctly enforcing regulations on the meds market (by preventing the over-the-counter sale of antibiotics and other meds without a doctor\u2019s prescription) would help get the sector in order, Hafez said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is all without accounting for external pressures, including the global shipping as a <\/strong><strong>result of tensions in the Red Sea.<\/strong> The crisis \u2014 leading many shipping companies to change routes away from the Suez Canal and around the Cape of Good Hope \u2014 has left Egypt\u2019s consumer market, including pharma products, particularly vulnerable, Fitch said in a recent risk report. With China and India being the primary suppliers of [chemical] materials to Egypt and the wider MENA region, we predict that Egypt-based drugmakers will face adverse effects due to supply disruptions, potentially hindering their production capabilities and ultimately impacting the stability of Egypt\u2019s pharma sector,\u201d Fitch said.<\/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>IDA offers more land for investors: <\/strong>The Industrial Development Authority (IDA) has listed 456 fully serviced plots on its digital platform for interested investors, in a bid to boost industry localization, and bridge imports\/exports gaps, according to an <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/IDA.Egypt\/posts\/pfbid02ARZmi3Ds2BYx2N1ooCwM1ZsA9i5mV3thC6T4Ue8j7CHZ8seRCcNjKPFxdi8hCMtql?locale=ar_AR\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/IDA.Egypt\/posts\/pfbid02ARZmi3Ds2BYx2N1ooCwM1ZsA9i5mV3thC6T4Ue8j7CHZ8seRCcNjKPFxdi8hCMtql?locale=ar_AR\" style=\"\" rel=\"noopener\">IDA statement<\/a>. The lands span over 1 mn sqm in 10 governorates, with areas ranging between 200 sqm to 10k sqm. They can be bought through regular ownership contracts, or usufruct agreements with 5% of the plot\u2019s value paid annually. Starting today, Interested investors can head over to the <a target=\"_blank\" href=\"http:\/\/www.ida.gov.eg\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"http:\/\/www.ida.gov.eg\" style=\"\" rel=\"noopener\">IDA website<\/a> to buy the plots booklets, which will be available until 22 February.<\/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\/foreign-exchange\/\">foreign exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/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=\"614579\" 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\/2024\/02\/04\/614579\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-614579\" class=\"content-area-description single-story post-614579 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\">FEBRUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 January-5 February (Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/motionartgallery\/?hl=en\" style=\"\">Mahmoud Moussa Retrospective Exhibit<\/a><\/span><span style=\"font-weight:400;\"> at Motion Art Gallery.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27 January-6 February (Saturday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C2aoII8L55w\/\" style=\"\">Inside the Corner Pink House<\/a><\/span><span> at <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/maps.app.goo.gl\/6FdssnAxycsGTTGR7\" style=\"\">Bibliothek Art Gallery<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-4 February (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/866865645220725\/?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=\"\">Fujifilm Egypt Festival<\/a><\/span><span> at <\/span><span>Consoleya<\/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>3-8 February (Saturday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1176377517076960\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_custom_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Japanese Film Week<\/a><\/span><span style=\"font-weight:400;\"> by The Japan Foundation.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4 February (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/127\" style=\"\">Stand Up Comedy Show<\/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>4-10 February (Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.passion-artgallery.com\/en\" style=\"\">Petite Salle Exhibition<\/a><\/span><span style=\"font-weight:400;\"> at Passion Art Gallery.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-11 February (Tuesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C2XsgaNNNXD\/\" style=\"\">My Bedroom 2<\/a><\/span><span style=\"font-weight:400;\"> theater performance at Dawar.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8 February (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/75\" style=\"\">Tablet ElSitt<\/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>9 February (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/125\" style=\"\">Voices of Hope<\/a><\/span><span style=\"font-weight:400;\"> Emel Mathlouthi concert at Kundalini Grand Pyramids.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-10 February (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/chat.google.com\/room\/AAAADXeQK2A\/cmhjWtoiLUk\/cmhjWtoiLUk?cls=10\" style=\"\">Ebni<\/a><\/span><span style=\"font-weight:400;\"> at Rawabet Art Space. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9 February (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/crcltickets.com\/?fbclid=IwAR2xd8EOihoxl2_SS6vVbwjHHmwj2o0FAuKR4SDdRR2A9eLbaJJF-KBHSbs\" style=\"\">ASH<\/a><\/span><span style=\"font-weight:400;\"> will be performing at Le Lac Du Caire<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 February (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C2wlsPUsjuQ\/\" style=\"\">City of the Dead tour<\/a><\/span><span style=\"font-weight:400;\"> with Qahrawya.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-14 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/chat.google.com\/room\/AAAADXeQK2A\/cmhjWtoiLUk\/cmhjWtoiLUk?cls=10\" style=\"\">Ebni<\/a><\/span><span style=\"font-weight:400;\"> at Rawabet Art Space.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 February (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/155\" style=\"\">Nouran AbuTaleb<\/a><\/span><span style=\"font-weight:400;\"> concert at Theatro Arkan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 February (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1358792031413723\/?acontext=%7B%22event_action_history%22%3A[%7B%22surface%22%3A%22external_search_engine%22%7D%2C%7B%22mechanism%22%3A%22discovery_local_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Amr Hassan concert<\/a><\/span><span style=\"font-weight:400;\"> at El Sawy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 February (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/157\" style=\"\">Amr Diab live concert<\/a><\/span><span style=\"font-weight:400;\"> at Al Manara Arena.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 February (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tazkarti.com\/#\/e\/456\" style=\"\">Ashraf Abdelbaki interviewed live<\/a><\/span><span style=\"font-weight:400;\"> by Mahmoud Saad.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 February (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C2wlsPUsjuQ\/\" style=\"\">Gudran tour and workshop<\/a><\/span><span style=\"font-weight:400;\"> with Qahrawya.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 February (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/129\" style=\"\">Saad El Oud 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>21 February (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/120\" style=\"\">Celebrating 100 Years of the Legendary Um Kalthoum<\/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>21-22 February (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/900580691588614\/?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=\"\">Omar Khairat<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/900580691588614\/?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=\"\">Hafliti<\/a><\/span><span style=\"font-weight:400;\"> concert at the Cairo Opera House.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 February (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C2wlsPUsjuQ\/\" style=\"\">Fatma, Marcia and Rachel tour<\/a><\/span><span style=\"font-weight:400;\"> with Qahrawya.<\/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 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>9 March (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C2KqoPaNaQK\/\" style=\"\">Wadi Degla clean up event<\/a><\/span><span> at <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/maps.app.goo.gl\/TmJpPBg5P3cvhhtQ8\" style=\"\">Wadi Degla Protectorate<\/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:400;\">11 March (Monday): The Oscars<\/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 style=\"font-weight:400;\">6 October (Sunday): Armed Forces Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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\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":614562,"template":"","categories":[],"tags":[],"class_list":["post-614561","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c521256a-fffe-4d8a-a7b3-0bef4f6c0c5e","teaser":"","photo_url":"https:\/\/ent.news\/2024\/2\/191.jpg"},"yoast_head":"<!-- This site is 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