{"id":619864,"date":"2024-05-12T00:00:00","date_gmt":"2024-05-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=619864"},"modified":"2025-12-17T05:40:09","modified_gmt":"2025-12-17T05:40:09","slug":"cairo-food-week-rolls-on","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/cairo-food-week-rolls-on\/","title":{"rendered":"Cairo Food Week rolls on"},"content":{"rendered":"<section id=\"619866\" 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=\"619866\">\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\/05\/12\/this-evening-ifcs-africa-vp-is-in-town\/\">\r\n                            THIS EVENING: IFC\u2019s Africa VP is in town                        <\/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\/05\/12\/this-evening-ifcs-africa-vp-is-in-town\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n         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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/12\/this-evening-ifcs-africa-vp-is-in-town\/1224-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1224.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1224.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1224.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1224.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-619866\" class=\"content-area-description single-story post-619866 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-enterprisepm tag-international-finance-corporation 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\/5\/.85c546cd-2e52-439e-97ce-498e796db657.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, wonderful people, and welcome to a fresh week<\/strong> that\u2019s off to a slow-ish start \u2014 but with the promise of picking up sooner rather than later. <\/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>The IFC\u2019s Africa VP is in town: <\/strong>International Finance Corporation (IFC) VicePresident for Africa S\u00e9rgio Pimenta is in Cairo for today\u2019s IFC Day in Egypt to meet with senior figures in the public and private sectors and other development organizations to identify ways to support the state\u2019s privatization program, the IFC said in a statement in the run up to Pimenta landing in Cairo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The announcements are already rolling: <\/strong>The IFC is extending some USD 100 mn in financing to Banque du Caire to support micro, small and medium enterprises and women entrepreneurs and help finance trade, the Ministry of International Cooperation said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid025YfEbzvAAMd5Kew9CeVQCSiAfUcp2EDYbLmuWuBSKhi8mBB4mbyz3LkLizgTyLApl\" style=\"\" rel=\"noopener\">statement<\/a> today. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And we should be in line for some more announcements later on today:<\/strong> Pimenta is expected to sign several agreements supporting key sectors including finance, fintech, and healthcare after meeting with senior Egyptian officials today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The IFC was tasked with giving \u201ctechnical assistance and advisory support\u201d on thestate\u2019s privatization program in an agreement inked last year. The two have been assessing an additional 50 state-owned companies to include in the privatization program to determine which sectors would be more attractive and lucrative.<\/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>Foreign investors are falling in love with Egypt again\u2026<\/strong> Foreign investors we speak with (debt, equity, and strategic alike) have a growing appetite for Egypt. They\u2019re buying into local debt, eyeing promising shares, and committing bns of USD to both new ventures here and the growth of their existing businesses. They like the Egypt story that\u2019s taking shape after the float of the EGP, and our competitive advantages are clear to many of them: <strong>We\u2019re a massive consumer opportunity and the regional export hub of tomorrow.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026but here at home, our community is in a rut.<\/strong> The enthusiasm gap between domestic business leaders and global investors is stark. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>We\u2019d all do well to remember: It\u2019s a chicken-and-egg kind of thing. <\/strong>Foreign strategic investors will be reluctant to commit capital here until they see Egyptian businesses leading the way.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>The Enterprise Optimism Forum 2024 will do exactly what it says on the tin: <\/strong>Spark conversations about a future that we think is much brighter than so many in our community feel right now. Think of it as much-needed shock therapy combined with an early, actionable roadmap for those of us who are \u201clong Egypt.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll be talking with you about the agenda over the coming couple of weeks.<\/strong>It features speakers from Egypt and abroad who are future-proofing their businesses and angling to capture tomorrow\u2019s opportunities \u2014 and who aren\u2019t afraid to answer some tough questions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>*** Interested in attending? <\/strong><strong><a target=\"_blank\" href=\"https:\/\/optimism.enterprise.news\/\" style=\"\" rel=\"noopener\">Tap or click here<\/a><\/strong><strong> to let us know.<\/strong> Seating is limited. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/optimism.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/221.jpg?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is this the end for American automakers in China?<\/strong> American and other international carmakers are currently fighting a losing battle in China, as local car manufacturers push them out of the market. China has seen a boom of EV tech and software production, and are competing with international brands in terms of quality and price. As a result, US automakers have seen a major dropoff in Chinese sales, the lowest since 2009, leading experts to predict that companies like Ford and GM will be gone for good within five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happens when Chinese carmakers decide to expand internationally?<\/strong> Bill Russo, a former Chrysler executive-turned-consultant in Shanghai, is encouraging US manufacturers not to go out without a fight. \u201cIf you don\u2019t compete in China, what are you going to do when China shows up in your backyard?\u201d He asked. The current answer: Impose tariffs. The Biden administration is expected to announce new tariffs \u2014 that may rise as high as 100% \u2014 on imported Chinese EVs starting next week, in fears of domestic sales being undercut as Chinese EVs start to tap offshore markets. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/05\/11\/how-american-carmakers-lost-ground-in-china.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/05\/10\/us\/politics\/us-biden-china-tariffs-electric-vehicles.html\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c738e26c-ce5b-409c-86b2-39336f893ddc\" style=\"\" rel=\"noopener\">Financial Times<\/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\">   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>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Inflation cools for the second consecutive month in April.<\/strong> Annual urban inflation <a target=\"_blank\" href=\"http:\/\/enterprise.news\/egypt\/en\/news\/story\/54c385de-e76b-441d-9edf-fd578c68735a\/egypt%e2%80%99s-inflation-cools-for-the-second-consecutive-month-to-32.5%25-in-april\" style=\"\" rel=\"noopener\">cooled to 32.5%<\/a> in April, down from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1893b899-8f26-4bd3-8c9c-232f2d8ee93c\" style=\"\" rel=\"noopener\">33.3% in March<\/a> on the back of slower food price increases. <\/li>\n<li><strong>Egypt\u2019s foreign debt rose USD 3.3 bn in 1H FY 2023-24. <\/strong>Egypt\u2019s foreign debt <a target=\"_blank\" href=\"http:\/\/enterprise.news\/egypt\/en\/news\/story\/08635509-14e7-47aa-a1f3-0c9d54bc0dd0\/egypt%e2%80%99s-foreign-debt-rose-usd-3.3-bn-in-1h-fy-2023-24\" style=\"\" rel=\"noopener\">hit USD<\/a><a target=\"_blank\" href=\"http:\/\/enterprise.news\/egypt\/en\/news\/story\/08635509-14e7-47aa-a1f3-0c9d54bc0dd0\/egypt%e2%80%99s-foreign-debt-rose-usd-3.3-bn-in-1h-fy-2023-24\" style=\"\" rel=\"noopener\">168 bn<\/a> during the first half of the current fiscal year, rising USD 3.3 bn compared to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff49ee89-5a9a-422b-a6d3-99cd78e21b65\" style=\"\" rel=\"noopener\">USD 164.7 bn<\/a> recorded at the end of fiscal year 2022-2023.<\/li>\n<li><strong>iPhones made in Egypt?<\/strong> Egypt is working to get Apple to <a target=\"_blank\" href=\"http:\/\/enterprise.news\/egypt\/en\/news\/story\/ad09cf04-9b0b-42a5-badc-dfef709056a4\/egypt%e2%80%99s-house-committee-kicks-off-budget-discussions\" style=\"\" rel=\"noopener\">set up a factory<\/a> in the country, Prime Minister Moustafa Madbouly said during a visit to the Vivo smartphone factory in Tenth of Ramadan yesterday.<\/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> Industry players are struggling to get their hands on raw materials required for manufacturing, which remains a significant thorn in their sides as the government pushes forward on localizing manufacturing. <\/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>The mercury tomorrow will hit 28\u00b0C at its highest and 17\u00b0C at its lowest, 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\" 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data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/741.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-619869\" class=\"content-area-description single-story post-619869 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-ai tag-chatgpt tag-enterprisepm tag-for-your-commute tag-technology 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\/5\/.0b6dd0c8-c5c0-4363-8db9-3da14f8692ce.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>AI systems are good liars: <\/strong>While we currently see artificial intelligence tools as something of a personal assistant, recent studies reveal that AI is capable of manipulation and deception, marking a shift that blurs the line between man and machine even further, writes <a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/ai-deceives-humans-2024-5\" style=\"\" rel=\"noopener\">Business Insider<\/a>. AI systems have picked up techniques to encourage \u201cfalse beliefs in others, to accomplish some outcome other than the truth,\u201d according to a <a target=\"_blank\" href=\"https:\/\/www.cell.com\/patterns\/fulltext\/S2666-3899(24)00103-X#secsectitle0025\" style=\"\" rel=\"noopener\">study<\/a> published in scientific journal Cell Press. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Case study one: Cicero. <\/strong>Meta\u2019sCicero was developed to play the classic strategy game Diplomacy, which involves players to build and break alliances. While Meta trained Cicero to be \u201clargely honest and helpful to its speaking partners,\u201d results showed that the AI system \u201cturned out to be an expert liar.\u201d It forged and then broke friendships to serve a strategic interest \u2014 and told blatant lies to reach that end. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Case study two: GPT-4. <\/strong>Another experiment saw OpenAI\u2019s GPT-4 working online with a human to help it solve a CAPTCHA test, with the human unaware that its partner was an AI program. When the human questioned its identity, GPT-4 lied and said it had \u201cvision impairment,\u201d which effectively deceived the human and led them to solve the test for the AI tool. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deceptive machines have serious implications: <\/strong>The study adds to growing calls for strong regulation on AI, as democracy is called into question. With US presidential elections around the corner, AI could be used to share false information, generate controversial social media posts, and impersonate politicians, the authors of the study warn. It could also be used to spread extremist propaganda, the study warned. The reversal or correction of deceptive AI models is difficult to achieve, an earlier study by Anthropic showed, and so preventative measures are key. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chatgpt\/\">ChatGPT<\/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\/technology\/\">technology<\/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=\"619871 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=\"619871\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/12\/619871\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-619871\" class=\"content-area-description single-story post-619871 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\/about-us\/our-company\/awards-accolades\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/219.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=\"619872\" 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=\"619872\">\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\/05\/12\/lover-stalker-killer-love-triangle-gone-very-wrong\/\">\r\n                            Lover, Stalker, Killer: Love triangle gone (very) wrong                        <\/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\/05\/12\/lover-stalker-killer-love-triangle-gone-very-wrong\/\" 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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Despite Kroupa reportedly telling Golyar that he wasn\u2019t looking for a serious relationship, Golyar suggests the pair move in together. When Kroupa declines her offer, Golyar leaves him and begins threatening and harassing him and those close to him. The progression of the story raises questions on how far Golyar went to Kroupa \u2014 and what became of Farver. <\/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 watch the documentary on <a target=\"_blank\" href=\"https:\/\/www.netflix.com\/eg-en\/title\/81611991\" style=\"\" rel=\"noopener\">Netflix<\/a> or catch the trailer (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=46RuZLu6dso\" style=\"\" rel=\"noopener\">watch, runtime: 2:05<\/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\" 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<\/div>\n<\/div>\n<\/section>\n<section id=\"619879\" 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=\"619879\">\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\/05\/12\/what-the-markets-are-doing-on-12-may-2024\/\">\r\n                            What the markets are doing on 12 May, 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\/05\/12\/what-the-markets-are-doing-on-12-may-2024\/&title=What the markets are doing on 12 May, 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+12+May%2C+2024+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F05%2F12%2Fwhat-the-markets-are-doing-on-12-may-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\/05\/12\/what-the-markets-are-doing-on-12-may-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-619879\" class=\"content-area-description single-story post-619879 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\/5\/.e9ad8b48-4f6a-43e8-aa30-e120f3544fcf.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 3.3% at today\u2019s close<\/strong> on turnover of EGP 2.49 bn (48.9% below the 90-day average). Local investors were net buyers. The index is up 1.1% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Abu Dhabi Islamic Bank (+2.4%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Qalaa Holding (-15.1%), Ibnsina Pharma (-7.9%) and E-Finance (-7.4%).<\/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=\"619880\">\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\/raw-material-availability-is-still-a-hurdle-for-local-industry\/\">  \r\n                            Raw material availability is still a hurdle for local industry<\/a>\r\n                        <\/h3>\r\n\r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/raw-material-availability-is-still-a-hurdle-for-local-industry\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/inside_industry\/raw-material-availability-is-still-a-hurdle-for-local-industry\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/inside_industry\/raw-material-availability-is-still-a-hurdle-for-local-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=Raw material availability is still a hurdle for local industry&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/raw-material-availability-is-still-a-hurdle-for-local-industry\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/raw-material-availability-is-still-a-hurdle-for-local-industry\/&title=Raw material availability is still a hurdle for local 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=Raw+material+availability+is+still+a+hurdle+for+local+industry+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Fraw-material-availability-is-still-a-hurdle-for-local-industry%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/raw-material-availability-is-still-a-hurdle-for-local-industry\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2526.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=\"619881\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/raw-material-availability-is-still-a-hurdle-for-local-industry\/2526-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2526.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2526.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2526.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2526.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-619880\" class=\"content-area-description post-619880 inside_industry type-inside_industry status-publish has-post-thumbnail hentry category-inside-industry tag-enterprise-inside-industry tag-enterprisepm 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>What Egypt has planned to locally produce raw materials for industry:<\/strong> As it currently stands, Egypt relies primarily on imports for mineral and chemical products, which together account for some 25% of our annual total imports \u2014 and a significant amount of FX expenditure. Industry players Enterprise spoke with stressed that manufacturers\u2019 ability to ramp up local production is largely dependent on the local availability of raw materials, which goes a long way in reducing our import bill. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re taking steps towards filling a USD 30 bn import gap with local industry:<\/strong> Last year, the Trade and Industry Ministry\u2019s Industrial Development Authority (IDA) <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/IDA.Egypt\/posts\/pfbid02aKEv8a2bZH8hQCTZ7mg9zqUFmXykAx6Pw24mactzBSJqXZ7pQCWPSR2vpu24vZEgl\" style=\"\" rel=\"noopener\">began offering<\/a> industrial land and new investments under a new phase of the authority\u2019s investment map. The offerings came as the ministry continued working on putting together a plan to slash our import bill by creating a strategy to boost local alternatives to imported products. The strategy, which the ministry distributed among the Federation of Egyptian Industries\u2019 various divisions, is designed to save state coffers some USD 30 bn in import expenses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What the strategy entails:<\/strong> The IDA offered 152 potential investments as part of the latest phase of its investment map, with these investments covering production inputs for five critical industries: Engineering, chemicals, pharma, construction and building, and food industries. Supporting the availability of these production inputs makes local manufacturing significantly more competitive, a government source told Enterprise. Several local manufacturers have already started working on some of these projects, while the government is in ongoing negotiations with Turkish, Indian, and German investors for other projects under the investment map, according to the source. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But raw material and mineral shortages remain a concern for manufacturers across<\/strong><strong> different industries<\/strong>, according to multiple sources Enterprise spoke with. The government is trying to boost mining activities for raw materials such as silica sand, kaolinite, gypsum, and manganese. <a target=\"_blank\" href=\"https:\/\/araballoys.com\/\" style=\"\" rel=\"noopener\">Arab Alloys Company<\/a> recently set up an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/18c34ac1-d06a-4934-b700-90ab909d219d\" style=\"\" rel=\"noopener\">EGP 1 bn ferroalloys industrial complex<\/a> in the Suez Canal Economic Zone to produce ferro silicon alloys, silicon manganese, and silicon metals, providing the necessary raw materials for several industries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One of the projects currently in the works:<\/strong> A <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f60cce8-b78a-485b-815d-454d4245aaeb\" style=\"\" rel=\"noopener\">proposal<\/a> from consortium of Italy\u2019s <a target=\"_blank\" href=\"https:\/\/www.danieli.com\/en\" style=\"\" rel=\"noopener\">Danieli<\/a>, along with Egypt\u2019s Industrial Steel Products Company and the <a target=\"_blank\" href=\"https:\/\/www.aoi.org.eg\/en\" style=\"\" rel=\"noopener\">Arab Organization for Industrialization<\/a> to establish a steel billet complex is currently under review from the Public Enterprise Ministry. The project \u2014 which would entail establishing a USD 4 bn integrated industrial complex for the production of iron and steel products \u2014 aims to capitalize on the large repositories of iron ore in Aswan and the Bahariya Oasis. Providing steel billets to the local market will be a boon for local manufacturers by allowing them to rely less on imports, ministry spokesperson Mansour Abdel Ghani told Enterprise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are lots of products + materials that aren\u2019t available here at home:<\/strong> The spinning and weaving industry needs to import some USD 200 mn-worth of artificial silk each year to produce polyester fiber, Mansour said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The FX crunch is starting to truly ease for manufacturing, but producers are still wary of <\/strong><strong>being import-reliant:<\/strong> Manufacturers are no longer grappling with a crisis when it comes to securing FX for imports of industrial supplies, but there remains a dearth of alternative options to importing raw materials, such as steel and copper, since they are not readily available from the local market, FEI member Baseem Samy Youssef told Enterprise. Manufacturers are forced to rely on imports and incur exorbitant shipping costs to get their hands on these materials, Youssef said, reaffirming that having locally available production inputs would be a boon for industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We can encourage manufacturers to rely more on local production inputs, but completely <\/strong><strong>abandoning imports is an unrealistic target<\/strong>, Youssef stressed. Raw materials will always be required for manufacturing, and industry players will always need to get their hands on some raw materials from the countries that can produce and export it, Youssef said, adding, \u201cExpecting the local industry to stop relying on FX entirely is simply unrealistic.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Others share the same opinion:<\/strong> Import substitution is not necessarily the ideal way for Egypt to move towards its goal of cutting down on imports, since that would entail producing everything locally, which is inefficient and costly, Concrete CEO Mohamed Talaat Khalifa said at the Enterprise Exports and FDI Forum last year. Instead, Egyptian companies should focus on creating higher value products that can then substitute an imported product, and support leveling up of the entire supply chain. (ICYMI- Listen to our chat with Khalifa, as well as Mars\u2019 Shams Eweis and Fertiglobe\u2019s Tarek Hosny about the lessons learned from the industries that have raised our export profile on the <a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/made-in-egypt-lessons-from-fmcg-fertilizers-and-garments\/id1617987136?i=1000620168782\" style=\"\" rel=\"noopener\">Enterprise Podcast<\/a>.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Never waste a good crisis:<\/strong> The current challenges in the market mean there is an opportunity to capitalize on the relative easing of prices after the EGP float eliminated the black market, while high international shipping costs should encourage the local market for manufacturers to double down on providing raw materials rather than relying on imports, Youssef said. Local industry would benefit the most from large national projects \u2014 rather than one-off individual policies \u2014 to encourage more domestic manufacturing that goes higher up the value chain, he said.<\/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\/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=\"619882\" 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\/05\/12\/619882\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-619882\" class=\"content-area-description single-story post-619882 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> <\/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>9 May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/2138950079797873\/?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=\"\">GBV in the Digital Age: Challenges and Solutions<\/a><\/span><span style=\"font-weight:400;\"> conference at Dawar Arts.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9 May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/931811148642891\/?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=\"\">My Green Homeland art exhibition<\/a><\/span><span style=\"font-weight:400;\"> at the Embassy of the Czech Republic.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9 May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/3396438783979978\/?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=\"\">Eyes Closed, Everything You See is Yours<\/a><\/span><span style=\"font-weight:400;\"> art exhibition at Access Art Space.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9 May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/780504220840773\/?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=\"\">Ain Gamal Vol. 20<\/a><\/span><span style=\"font-weight:400;\"> at Elsawy Culturewheel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-13 May (Thursday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tazkarti.com\/#\/e\/587\" style=\"\">Tchaikovsky\u2019s The Sleeping Beauty<\/a><\/span><span style=\"font-weight:400;\"> performance at The Opera House.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/events\/5378\" style=\"\">Red Bull Sada Sot<\/a><\/span><span style=\"font-weight:400;\"> at Mall of Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tazkarti.com\/#\/e\/599\" style=\"\">Tamer Ashour and Mahmoud El Esseily concert<\/a><\/span><span style=\"font-weight:400;\"> at Family Park.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/5411#ticketsbuy\" style=\"\">Fouad and Mounib<\/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>10 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thetrifactory.com\/madinaty\" style=\"\">Madinaty Half Marathon<\/a><\/span><span style=\"font-weight:400;\"> at Madinaty Open Air Mall.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 May (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1147697309694882\/?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=\"\">Red Sea Heritage<\/a><\/span><span style=\"font-weight:400;\"> musical show 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>11 May (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C5vb8IfsD57\/?hl=en\" style=\"\">Cairo Flea Market<\/a><\/span><span style=\"font-weight:400;\"> at Zamalek Fish Garden.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 May (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/401807115970914\/?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=\"\">Freelancers Union<\/a><\/span><span style=\"font-weight:400;\"> - Meetup at The GrEEK Campus.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 May (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/2231425213868580\/?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=\"\">Rock Night<\/a><\/span><span style=\"font-weight:400;\"> at Elsawy Culturewheel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/478585847837459\/478585854504125\/?ref=newsfeed\" style=\"\">Turning Tables<\/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>16-18 May (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/355914956937389\/\" style=\"\">Rise Up Summit<\/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>17 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C519V-bClKz\/?img_index=1\" style=\"\">El Mahatta<\/a><\/span><span style=\"font-weight:400;\"> at The American University in Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/5366\" style=\"\">Aly Elhaggar concert<\/a><\/span><span style=\"font-weight:400;\"> at Must Theatre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/5412#ticketsbuy\" style=\"\">Musical Theatre Event<\/a><\/span><span style=\"font-weight:400;\"> with Medhat Saleh, Reham Abd Elhakim, and Mai Farouk at Zed Park.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18 May (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C6rACkiNRaU\/?hl=en\" style=\"\">Farma, Marcia, and Rachel walking 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>18 May (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/5361\" style=\"\">Red Bull Login gaming event<\/a><\/span><span style=\"font-weight:400;\"> at District 5.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 May (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/294215790181554\/?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=\"\">The Design Show<\/a><\/span><span style=\"font-weight:400;\"> at Cairo International Conventions Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/383094494608963\/?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=\"\">The Glow Run<\/a><\/span><span style=\"font-weight:400;\"> by The TriFactory at Palm Hills Sports Club.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1423380351878303\" style=\"\">The Elite Super Show<\/a><\/span><span style=\"font-weight:400;\"> at the Cairo International Stadium.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2<\/span><span>4 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/5459\" style=\"\">Disco Misr Festival - Album Launch V8<\/a><\/span><span> at Zed Park <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 May (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/3725686811049073\/?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=\"\">Techne Summit<\/a><\/span><span style=\"font-weight:400;\"> at the Cairo International Stadium.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26 May (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/events\/Alemara-22-march\" style=\"\">El\u2019Emara performance<\/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>27-30 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/338981512106496\/\" style=\"\">Account Management For Ads Workshop with FP7\u2019s Momen Aboutaleb<\/a><\/span><span style=\"font-weight:400;\"> at The GrEEK Campus. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2<\/span><span>9 May-1 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/events\/what-have-the-years-done-to-us-29-may\" style=\"\">What Have The Years Done To Us?<\/a><\/span><span>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>30 May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ticketegypt.venflare.com\/events\/dcaadfc7-b93e-4fe9-98a0-00a8e5435ab3\" style=\"\">Mochakk Concert<\/a><\/span><span style=\"font-weight:400;\"> at Saqqara Pyramid.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3<\/span><span>1 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tazkarti.com\/#\/e\/598\" style=\"\">Opera Carmen<\/a><\/span><span style=\"font-weight:400;\"> at Cairo Opera House<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3<\/span><span>1 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/5439\" style=\"\">QADYA 04<\/a><\/span><span> at <\/span><span>Madinaty Club Tennis Center Court<\/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>4 June (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/2239929503012628\/2239929559679289\/?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>7 June (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/5413#row_ticket\" style=\"\">Celebrating 40 Years of Omar Khairat<\/a><\/span><span style=\"font-weight:400;\"> at Abdeen Palace.<\/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":619865,"template":"","categories":[],"tags":[],"class_list":["post-619864","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2fa85d64-0f82-4441-9b95-2d965d683052","teaser":"","photo_url":"https:\/\/ent.news\/2024\/3\/2329.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>Cairo Food Week rolls on - EnterpriseAM Egypt<\/title>\n<meta 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