{"id":639438,"date":"2024-08-11T00:00:00","date_gmt":"2024-08-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=639438"},"modified":"2025-12-23T09:30:36","modified_gmt":"2025-12-23T09:30:36","slug":"ai-woes","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/ai-woes\/","title":{"rendered":"AI woes"},"content":{"rendered":"<section id=\"639440\" 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=\"639440\">\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\/08\/11\/western-desert-bound-energy-investments\/\">\r\n                            Western Desert-bound energy investments                        <\/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\/08\/11\/western-desert-bound-energy-investments\/\" 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 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               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\/08\/11\/western-desert-bound-energy-investments\/&title=Western Desert-bound energy investments\">\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=Western+Desert-bound+energy+investments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F08%2F11%2Fwestern-desert-bound-energy-investments%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" 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data-image-title=\"863.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/863.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/863.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-639440\" class=\"content-area-description single-story post-639440 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-energy tag-enterprisepm tag-oil-and-gas 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\/8\/.1db3f39a-1373-4c85-9b01-f0e45963eb98.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, folks. <\/strong>With the Paris Olympics set to officially come to a close this evening and to soon no longer compete for our attention, we\u2019ve got some important local energy news updates and a reminder that AI may not be the economic miracle many had promised.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A new USD 600 mn gas treatment facility in the Western Desert should be up and running by mid-2025: <\/strong>The Oil Ministry plans to complete the construction of a USD 600 mn natural gas treatment plant in the Western Desert\u2019s Meleiha concession and have it operational by mid-2025, an unnamed government source told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/08\/08\/-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D9%86%D9%81%D8%B0-%D9%85%D8%AD%D8%B7%D8%A9-%D9%84%D9%85%D8%B9%D8%A7%D9%84%D8%AC%D8%A9-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D9%81%D9%8A-%D8%A7%D9%84%D8%B5%D8%AD%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%BA%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A8%D9%80600-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The facility will be operated by Agiba \u2014 a JV between Eni\u2019s subsidiary IEOC and the state\u2019s Egyptian Petroleum General Corporation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> State-owned Petroject is acting as the project\u2019s main contractor, working together with global oilfield services giant Schlumberger on engineering, design, and procurement for the treatment plant. The source said construction on the project could wrap up in 1Q 2025, followed by a pilot run, and expected the facility to be fully operational by mid-2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"http:\/\/finance2024.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/272.jpg?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With international business news at a low ebb this morning, <\/strong>much of the international press is still processing the fallout of an <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/more-than-100-palestinians-killed-israeli-strike-targeted-school-gaza-2024-08-10\/\" style=\"\" rel=\"noopener\">Israeli airstrike<\/a> on a school in Gaza City that killed over 90 on Saturday morning, as people were gathering for Fajr prayers. Israel justified the strike by arguing that the compound \u2014 home to around 350 displaced families \u2014 was a legitimate military target due to the presence of \u201cmilitants.\u201d The attack comes as Egypt, Qatar, and the US push Israel and Hamas to <a target=\"_blank\" rel=\"noopener\">resume negotiations<\/a> on 15 August, and amid concerns of further escalation between Iran and Israel following the assassination of Hamas leader Ismail Haniyeh in Tehran.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More international condemnations, more hypocrisy:<\/strong> US and other regional and international officials quickly condemned the strike, calling the attack and its aftermath \u201cappalling.\u201d Yet the US\u2019 posturing fell flat as reports broke that the country had decided to release <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/us-releases-35-billion-israel-spend-us-weapons-military-equipment-cnn-reports-2024-08-09\/\" style=\"\" rel=\"noopener\">USD 3.5 bn<\/a> to Israel to buy US-made weapons the day before \u2014 part of a USD 14 bn foreign military assistance package to Israel approved in April. <\/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>Annual inflation eased for the fifth consecutive month in July:<\/strong> Annual urban inflation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c404f58-2406-4138-bee3-3b59858bfa5f\/egypt%25e2%2580%2599s-inflation-falls-to-lowest-level-since-december-2022,-recording-25.7%2525-in-july\" style=\"\" rel=\"noopener\">cooled to 25.7%<\/a> in July, down 1.8 percentage points from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59de79e9-0607-4e59-836f-e69920eda138\" style=\"\" rel=\"noopener\">27.5% in June<\/a>. <\/li>\n<li><strong>A lot of Emirati investments incoming:<\/strong> A <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3090c98a-fef2-4ae3-a3ed-b39e501fc64e\/egypt-and-uae-ink-three-project-agreements-worth-bns-of-investments\" style=\"\" rel=\"noopener\">series of meetings<\/a> between government officials and Emirati government and business figures yielded several new joint projects that are set to inject a whole lot of funds into our industrial sector.<\/li>\n<li><strong>A message of reassurance from Madbouly:<\/strong> The hot money outflows last week triggered by the global markets meltdown <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c16ca815-9aae-4f2d-ba91-2ebe08015c72\/egyptian-prime-minister-moustafa-madbouly-addresses-last-week%25e2%2580%2599s-global-markets-meltdown\" style=\"\" rel=\"noopener\">represented no more than 7-8%<\/a> of foreign investors\u2019 holdings of Egyptian debt instruments.<\/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\/ent.news\/2024\/6\/348.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Inside Industry day \u2014<\/strong> <strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> We take a look at how the industrial sector is coping with rising production costs.<\/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>Mercury is peaking at a high of 37\u00b0C before simmering to a moderate low of 27\u00b0C by nightfall, according to our favorite app. Sahel and Alexandria are seeing cooler weather, with a high of 31-33\u00b0C and a low of 25-26\u00b0C<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/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=\"639442 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=\"639442\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/11\/639442\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-639442\" class=\"content-area-description single-story post-639442 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/190.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=\"639443\" 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=\"639443\">\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\/08\/11\/ais-latest-victim-the-real-estate-market\/\">\r\n                            AI\u2019s latest victim: the real estate market                        <\/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\/08\/11\/ais-latest-victim-the-real-estate-market\/\" 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\/08\/11\/ais-latest-victim-the-real-estate-market\/')\">\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\/08\/11\/ais-latest-victim-the-real-estate-market\/\">\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                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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/11\/ais-latest-victim-the-real-estate-market\/860-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/860.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"860.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/860.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/860.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-639443\" class=\"content-area-description single-story post-639443 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-ai tag-enterprisepm tag-for-your-commute 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\/8\/.3302595d-c4c3-47ec-beef-d42c5f7d37ad.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Price is (not) Right:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.realpage.com\/\" style=\"\" rel=\"noopener\">RealPage<\/a> claims to be a tool used to set profitable prices for real estate properties, but the lawsuits against the company accuse it of using AI to enable price-fixing, an issue that, according to the <a target=\"_blank\" href=\"https:\/\/www.theatlantic.com\/ideas\/archive\/2024\/08\/ai-price-algorithms-realpage\/679405\/\" style=\"\" rel=\"noopener\">Atlantic<\/a>, is ripping through an increasing number of industries, and which existing laws don\u2019t have the power to stop.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Price-fixing is highly illegal.<\/strong> The practice traditionally involves executives from different companies in the same industry \u2014 even rivals \u2014 cooperating to inflate their prices. Lawmakers call this system a corruption of the freemarket economy, punishable by a maximum of ten years in prison as well as a USD 100 mn fine.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How does AI factor into this?<\/strong> The property management software provides a loophole by letting the algorithm do the dirty work for them. If one landlord raises their prices, the AI will raise the average price for all landlords. If enough of them do so, the prices will inflate without industry players having to collude directly.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lawsuits against RealPage claim that the landlords are willing collaborators,<\/strong> evidenced in their sharing of sensitive information related to their properties, which, according to former antitrust attorney Maurice Stucke at the US Department of Justice, they \u201ctypically go to great lengths to protect.\u201d This is atypical behavior in the industry, supporting the accusation that the software clients are willingly encouraging this breach of etiquette.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abide or be gone. <\/strong>Other lawsuits claim that the platform pressures those who initially refuse to participate into complying with pricing suggestions. Former employees claim that clients are threatened with being kicked off the platform should they reject pricing suggestions. \u201cEnforced compliance is [a] hallmark feature of any cartel,\u201d said Lee Hepner, antitrust lawyer at an anti-monopoly organization.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A dangerous precedent:<\/strong> Though RealPage\u2019s motion to have the case dismissed was rejected, the significant challenge of getting traditional antitrust laws to penalize algorithm-driven practices has been put into sharp relief. If RealPage comes out on top, the case could pave the way for more AI-abetted collusion with claims of plausible deniability.<\/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>Another multi-bn USD industry feeling the downsides of AI is scientific publishing.<\/strong> The field, built on foundations of credibility, has been rocked by several AI-fuelled scandals that have revealed vulnerabilities in the industry, <a target=\"_blank\" href=\"https:\/\/phys.org\/news\/2024-08-junk-ai-scientific-publishing.html\" style=\"\" rel=\"noopener\">Phys Org<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI\u2019s infiltration has led to the publication of the telltale \u201cCertainly, here is a possible <\/strong><strong>introduction for your topic,\u201d<\/strong> as well as generated images with incorrect anatomical depictions. While experts concede that AI tools can be helpful, they emphasize that they need to be heavily scrutinized and regulated to avoid the spread of misinformation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not only has this revealed cracks in the work ethic of researchers submitting their work,<\/strong> possibly fueled by \u201cpublish or perish\u201d culture, but also in the operations of peer-reviewed journals that allowed these bizarre fabrications to be published. Experts are tracking a sharp rise in AI involvement in research, with over <a target=\"_blank\" href=\"https:\/\/www.nature.com\/articles\/d41586-024-01051-2\" style=\"\" rel=\"noopener\">60k papers flagged in 2023<\/a> and more than 13k papers retracted, with projections for significant increases in 2024. Major publishers hit hard by these challenges have introduced <a target=\"_blank\" href=\"https:\/\/newsroom.wiley.com\/press-releases\/press-release-details\/2024\/Wiley-announces-pilot-of-new-AI-powered-Papermill-Detection-service\/default.aspx\" style=\"\" rel=\"noopener\">AI-powered detection services<\/a> to combat the problem.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"639445 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"639445\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/11\/639445\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-639445\" class=\"content-area-description single-story post-639445 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/989.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"639446\" 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=\"639446\">\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\/08\/11\/teamwork-makes-the-dream-work-just-ask-brutus\/\">\r\n                            Teamwork makes the dream work \u2014 just ask Brutus                        <\/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\/08\/11\/teamwork-makes-the-dream-work-just-ask-brutus\/\" 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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But cracks in their relationships form as they realize that the less contestants there are, the more their shares increase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cue the drama. <\/strong>Set in a stunning luxury villa \u2014 as most of Netflix\u2019s reality shows are \u2014 the participants are forced to confront insecurities and reveal past secrets, making it tough to decide who to trust. Will they come together as a team, or will individual greed lead to betrayal? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It doesn\u2019t follow standard reality show procedure.<\/strong> Instead of players getting eliminated every episode de facto, contestants can choose whether or not to vote each other out, as the contestants face weekly challenges designed to push their buttons that ramp up the tension and manufacture trust issues.<\/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 Trust on <a target=\"_blank\" href=\"https:\/\/www.netflix.com\/title\/81590663\" style=\"\" rel=\"noopener\">Netflix<\/a> or watch the trailer (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=jQXUSUMSSf4\" style=\"\" rel=\"noopener\">runtime: 1:59<\/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\/netflix\/\">Netflix<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-trust\/\">The Trust<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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   \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\/08\/11\/what-the-markets-are-doing-on-11-august-2024\/\">\r\n                            What the markets are doing on 11 August 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\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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<\/a>\r\n\r\n                \n<article id=\"post-639452\" class=\"content-area-description single-story post-639452 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\/8\/.02028af4-03b6-410a-bb1d-fd3b652c9f23.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 2.7% at today\u2019s close<\/strong> on turnover of EGP 4.0 bn (12.8% above the 90-day average). Local investors were net buyers. The index is up 18.6% 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>Elsewedy Electric (+11.0%), Alexandria Containers and Cargo Handling (+7.1%), and Eastern Company (+6.1%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Edita (-0.7%).<\/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=\"639453\">\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\/how-the-industrial-sector-is-coping-with-rising-production-costs\/\">  \r\n                            How the industrial sector is coping with rising production costs<\/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\/how-the-industrial-sector-is-coping-with-rising-production-costs\/\" 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\/how-the-industrial-sector-is-coping-with-rising-production-costs\/')\">\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\/how-the-industrial-sector-is-coping-with-rising-production-costs\/\">\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=How the industrial sector is coping with rising production costs&url=https:\/\/enterpriseam.com\/egypt\/inside_industry\/how-the-industrial-sector-is-coping-with-rising-production-costs\/\">\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\/how-the-industrial-sector-is-coping-with-rising-production-costs\/&title=How the industrial sector is coping with rising production costs\">\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=How+the+industrial+sector+is+coping+with+rising+production+costs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Finside_industry%2Fhow-the-industrial-sector-is-coping-with-rising-production-costs%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\/how-the-industrial-sector-is-coping-with-rising-production-costs\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/844.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=\"639454\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/how-the-industrial-sector-is-coping-with-rising-production-costs\/844-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/844.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"844.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/844.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/844.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-639453\" class=\"content-area-description post-639453 inside_industry type-inside_industry status-publish has-post-thumbnail hentry category-inside-industry tag-enterprise-inside-industry tag-enterprisepm tag-exchange-rate tag-industry 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>Prices of key product<\/strong><strong>ion inputs for Egyptian firms have seen a rapid surge for the second<\/strong><strong> consecutive month<\/strong>, rising at their highest rate since March, with 14% of companies reporting an increase in the prices of raw materials, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/303.pdf\" style=\"\" rel=\"noopener\">S&P Global\u2019s Egypt Purchasing Managers\u2019 Index (pdf)<\/a>. Despite the sense of optimism in the sector over the state\u2019s plans to localize production and remove obstacles for firms in the industrial sector, rising production costs represent a persisting challenge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This comes despite comparatively favorable private sector activity: <\/strong>Egypt\u2019s non-oil private sector activity in July was at its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5080d3b9-49d2-402a-ae89-507194e6565e\/non-oil-private-sector-activity-remains-near-growth-territory-despite-dipping-in-july\" style=\"\" rel=\"noopener\">second highest level<\/a> since August 2021, dipping to 49.7 from an almost three-year peak of 49.9 in June, according to S&P Global. Despite business activity being at its strongest than it has for a long time, the reading nonetheless marked the 44th straight month that the country\u2019s non-oil private sector has been in contraction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rising freight costs are a big reason behind increasing input costs:<\/strong> Chamber of Engineering Industries member Bassim Youssef questioned how long the private sector can withstand the continued rise of input prices, especially for goods coming from East Asia now take the longer and more expensive route around the Cape of Good Hope instead of via the Red Sea. The change in shipping routes to and from Egypt following attacks in the Red Sea by Yemen\u2019s Houthis on passing vessels has helped push container prices up to an average of USD 7.5k per container, from around USD 1.9k previously, Amr Al Samdouni, the secretary-general of the Federation of Egyptian Chamber of Commerce\u2019s international transport and logistics division, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4877dd99-8875-41ad-aa96-2f4187d2b36a\/egypt-looks-to-localize-the-shipping%253cmark%253e-container%253c%2Fmark%253e-manufacturing-industry\" style=\"\" rel=\"noopener\">previously told Enterprise.<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some are calling for the localization of some raw materials as a way to keep costs down:<\/strong> Expensive shipping costs means that raw material imports are making it hard for Egyptian products to stay competitive, Chamber of Engineering Industries head Mohamed El Mohandes told Enterprise. Localizing the production of raw materials \u2014 where possible \u2014 would help cut down on costs for many Egyptian industries, El Mohandes argues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But even transporting goods from A to Z within Egypt has gotten pricier, <\/strong>with domestic shipping costs having gone up by 25% and with the potential to increase a further 10% on the back of the government\u2019s recent decision to hike diesel prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A weaker EGP against the greenback could exacerbate the problem<\/strong>: The recent strengthening of the USD against the national currency will make it even more difficult for the industrial sector\u2019s ability to cope with the rising input prices, Youssef said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Industry players have resorted to reducing profit margins: <\/strong>Manufacturers have been reducing profit margins to work around the rising prices of raw materials as they look to avoid raising prices to maintain demand levels that can drive up industrial growth, Youssef told us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While others have also gone to the parallel market to look for raw materials: <\/strong>Many manufacturers meet their raw material needs \u2014 especially for imports \u2014 by resorting to the parallel market as a way to keep costs low by avoiding taxes and other financial obligations, a source from the industrial sector told Enterprise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Protectionist measures could help boost the local production of raw materials:<\/strong> The government could \u201cimpose restrictions on importing goods that have local alternatives\u201d in a bid to promote the local production of raw materials, Youssef told Enterprise. That way, Egypt would see a rapidly growing industrial sector wherein manufacturers would have to adjust their pricing to reflect a smaller import bill, leading to higher sales and the development of locally manufactured products, Youssef added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gov\u2019t incentives are already providing a big push for the manufacturing industry: <\/strong>A considerable number of importers are looking to become manufacturer these goods instead, head of the Internal Trade Committee of the Importers Division of the Federation of Chambers of Commerce, Matta Bishay, told Enterprise. The decision of thee companies follow the government\u2019s efforts to increasingly favor local manufacturing and the use of raw materials and other production inputs that are manufactured and produced locally. One initiative \u2014 dubbed Your Factory is Always Running \u2014 will help factories obtain international compliance certificates and increase operations, which will boost the sales of local products and reduce production costs, Bishay said. The government is looking to raise the industrial sector's contribution to GDP to 20%, up from 16% currently.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>International investments for local production: <\/strong>Helping manufacturers cope with rising input prices won\u2019t be possible without attracting foreign investment to localize industries or inputs that aren\u2019t available in Egypt, which \u2014 aside from lessening imports \u2014 would expand Egypt\u2019s industrial base and improve Egyptian manufacturing as a whole, Bishay tells us. Egypt is looking to become a regional hub for manufacturing and the new cabinet is looking for investments for 152 projects as part of the new government\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d19b1620-8829-4ff1-a653-965340f2dd4f\/what-does-the-new-government-have-in-plan-for-industry%3F\" style=\"\" rel=\"noopener\">industrial strategy<\/a> that is focused on reducing the country\u2019s import bill.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tax incentives could also bring down production costs: <\/strong>Industry players have called for tax adjustments and incentives that promote the use of local components in the production process, Tenth of Ramadan Investors Association member Sayed El Barhamtoushy told Enterprise. El Barhamtoushy also called for insurance benefits that rise with increased employment rates to support companies as they deal with the high production costs. <\/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>Egyptian-Algerian pressure vessel manufacturer in the works:<\/strong> State-owned oil and gas contractor <a target=\"_blank\" href=\"https:\/\/www.petrojet.com.eg\/\" style=\"\" rel=\"noopener\">Petrojet<\/a> and Algeria\u2019s state-owned oil company <a target=\"_blank\" href=\"https:\/\/sonatrach.com\/\" style=\"\" rel=\"noopener\">Sonatrach<\/a> are set to study the feasibility of setting up a company in Algeria to design and manufacture pressure vessels after the two parties inked an MoU last week. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SONATRACH\/posts\/813412057646033?ref=embed_post\" style=\"\" rel=\"noopener\">Sonatrach statement<\/a>)<\/li>\n<li><strong>WE to set up technological infrastructure for Sokhna 360:<\/strong> Majority state-owned telecoms giant WE is set to provide integrated telecommunications services and smart city solutions to ElSewedy Industrial Development\u2019s <a target=\"_blank\" href=\"https:\/\/elsewedydevelopment.com\/opportunities\/sokhna-360\/\" style=\"\" rel=\"noopener\">Sokhna 360<\/a> industrial city under an agreement inked by the two parties. (<a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2024\/08\/06\/%d8%a7%d9%84%d9%85%d8%b5%d8%b1%d9%8a%d8%a9-%d9%84%d9%84%d8%a7%d8%aa%d8%b5%d8%a7%d9%84%d8%a7%d8%aa-%d8%aa%d8%aa%d8%b9%d8%a7%d9%82%d8%af-%d9%85%d8%b9-%d8%a7%d9%84%d8%b3%d9%88%d9%8a%d8%af%d9%8a-%d9%84\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a>)<\/li>\n<li><strong>AOI to locally manufacture cell towers:<\/strong> The Arab Organization for Industrialization (AOI) has launched an initiative to localize the manufacture cell towers in cooperation with an aircraft factory affiliated with the organization, the AOI said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0JLnuqAAPaHmZP6bLe4rZFzmFEgAX7wCvm4kFeWYfrg9huDqmu5DzGkRpQg15Q9tql\" style=\"\" rel=\"noopener\">statement<\/a>. The aircraft factory has already delivered locally manufactured cell towers for Etisalat Egypt in June as part of an agreement between the two companies and is now expanding production through agreements with other major telecom providers in Egypt, the statement said. <\/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\/exchange-rate\/\">exchange rate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industry\/\">industry<\/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=\"639455\" 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\/08\/11\/639455\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-639455\" class=\"content-area-description single-story post-639455 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\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 July-15 October (Tuesday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianMOC\/posts\/pfbid07vXLdrnGGxZCRKuyzdjKzWVcG5e95dseaTKHtpMiHLvcx2NAKXpjJC6f5uiuQPyVl\" style=\"\">In the Company of Mahmoud Said<\/a><\/span><span style=\"font-weight:400;\"> exhibition at Aisha Fahmy Palace.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 June-2 September (Tuesday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/bibliothekegypt\/p\/C79SqeoNtqQ\/\" style=\"\">Afashat w Aflam exhibition<\/a><\/span><span style=\"font-weight:400;\"> at Bibliothek.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 July-30 August (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/NewAlameinFestival\/\" style=\"\">New Alamein Festival<\/a><\/span><span style=\"font-weight:400;\"> at North Coast.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-24 August ( Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/events\/5685\" style=\"\">I Love You, You\u2019re Perfect, Now Change<\/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>13 August (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/2239929503012628\/2239929633012615\/?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>13 August (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/5718\" style=\"\">Cairo Comedy Club<\/a><\/span><span style=\"font-weight:400;\"> at Boom Room.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 August (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/the.comedy.bunch\/\" style=\"\">Comedy Bunch<\/a><\/span><span style=\"font-weight:400;\"> at CJC 610.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 August (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C-LMiRTNKuS\/\" style=\"\">El Masryeen<\/a><\/span><span style=\"font-weight:400;\"> at BOOM ROOM.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 August (Wednesday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C-Px0n1tgSV\/\" style=\"\">Abdelbasset Hamouda and DJ Saddam<\/a><\/span><span style=\"font-weight:400;\"> at CJC 610.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 August (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/collardtickets.com\/event\/media-and-advertising-workshop\/\" style=\"\">Media and Advertising workshop<\/a><\/span><span style=\"font-weight:400;\"> at MQR, The Greek Campus.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 August (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/collardtickets.com\/event\/eastwind\/\" style=\"\">Eastwind\u2019s Dogs Day Out<\/a><\/span><span style=\"font-weight:400;\"> at Playa Beach.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 August (Friday): Cairokee at New Alamein Festival.<\/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>1-4 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/international-food-cairo\" style=\"\">International Food, Beverage & SuperMarket Equipment Exhibition 2024<\/a><\/span><span style=\"font-weight:400;\"> at Cairo International Convention Centre.<\/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>10-12 October (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/e1dd-h5dg-s4s1-8\" style=\"\">EVs Electrify! Expo & Conference 2024<\/a><\/span><span style=\"font-weight:400;\"> at Egypt International Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-30 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/platforms-root-technologies.com\/icec-2024\/\" style=\"\">Intelligent Cities Exhibition & Conference (ICEC)<\/a><\/span><span style=\"font-weight:400;\"> at Waldorf Astoria.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 November (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/collardtickets.com\/event\/raabta-wellness-festival-2024\/%5C\" style=\"\">Raabta Wellness Festival<\/a><\/span><span style=\"font-weight:400;\"> at El Gouna.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 December (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/pyramidshalfmarathon\/\" style=\"\">The Marakez Pyramids Half Marathon<\/a><\/span><span>.<\/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":639439,"template":"","categories":[],"tags":[],"class_list":["post-639438","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8aad83fb-e5d9-4796-96b0-34c3ab408cbb","teaser":"","photo_url":"https:\/\/ent.news\/2024\/7\/1483.jpg","box_description":"","box_image":false,"photo_link":"","photo_position":"above","related_issue":"","story_type":"1","is_powered_by":false,"related_sponsor":"","voice_url":"","homepage_title":"","full_issue_title":"","en_translation_ref_id":"","section_story_id":"","order":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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