{"id":542748,"date":"2022-01-16T03:59:25","date_gmt":"2022-01-16T03:59:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=542748"},"modified":"2025-12-15T20:00:22","modified_gmt":"2025-12-15T20:00:22","slug":"grand-egyptian-museum-could-open-its-doors-in-2h2022","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/grand-egyptian-museum-could-open-its-doors-in-2h2022\/","title":{"rendered":"Grand Egyptian Museum could open its doors in 2H2022"},"content":{"rendered":"<section id=\"542750\" 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=\"542750\">\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're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/this-morning-banks-given-green-light-to-lend-via-mobile-wallets-pandemic-vs-endemic-us-russia-tensions-rise\/\">\r\n                            THIS MORNING: Banks given green light to lend via mobile wallets; Pandemic vs. Endemic; US-Russia tensions rise                        <\/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\/2022\/01\/16\/this-morning-banks-given-green-light-to-lend-via-mobile-wallets-pandemic-vs-endemic-us-russia-tensions-rise\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The regulations on the decision, which will allow loans to be approved immediately with reliance in part on an online credit rating, were issued in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21a8c792-ce6d-4ccb-a61a-09bdb67a8267\">April last year<\/a>. The rules are part of the CBE\u2019s drive to improve financial inclusion.<\/p><p><strong>PSA #1- It\u2019s going to be another cold week:<\/strong> Temperatures <a href=\"https:\/\/www.facebook.com\/photo\/?fbid=291830839642157&amp;set=a.289008423257732\">will remain low<\/a> across the country and there could be moderate rainfall today and tomorrow from Cairo through the Delta and along the North Coast. Expect winds to be elevated all week. In the capital, look for daytime highs of 15-17\u00b0C and overnight lows of 8-9\u00b0 this week.<\/p><p><strong>PSA #2- First, every Egyptian guy of a certain age had to say he was reading <\/strong><strong><a href=\"https:\/\/www.ynharari.com\/book\/sapiens-2\/\">Yuval<\/a><\/strong><strong><a href=\"https:\/\/www.ynharari.com\/book\/sapiens-2\/\">Harari\u2019s Sapiens<\/a><\/strong><strong>.<\/strong> Then it was investor <a href=\"https:\/\/www.principles.com\/\">Ray Dalio\u2019s Principles<\/a>. Is Dalio\u2019s follow-on book, <a href=\"https:\/\/www.amazon.com\/Changing-World-Order-Nations-Succeed-ebook\/dp\/B0881Y73YG\/\">Principles for Dealing with the Changing World Order<\/a>, up next? It\u2019s flooding our social media.<\/p><p><strong>ALSO- The <\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/906a863a-2bfe-48b1-a03d-e0c0d5ab4bb0\">Financial Times<\/a><\/strong><strong> would like you to understand how the world got hooked on Wordle.<\/strong> <a href=\"https:\/\/www.powerlanguage.co.uk\/wordle\/\">If you haven\u2019t yet played the fun \/ frustrating once-per-day word game, try it out here<\/a>.<\/p><hr class=\"grey-line\"><p><strong>There are plenty of BIG STORIES ABROAD <\/strong>that you need to know about on this chilly midwinter morning. Among them:<\/p><p><strong>US-Russia tensions over Ukraine spiral after high-stakes talks collapse:<\/strong> Officials from all sides of the battle for Ukraine\u2019s future are openly warning of conflict in Europe after <a href=\"https:\/\/apnews.com\/article\/europe-russia-ukraine-united-states-vladimir-putin-b547c53e4b787da6a8304807db6167c5\">last week\u2019s talks failed<\/a>to overcome differences between the US and Russia. Moscow declined to pull back its troops deployed on the Ukrainian border, while Washington and Europe have refused to discuss ending Nato expansion, a red line for Russian president Vladimir Putin. <a href=\"https:\/\/apnews.com\/article\/europe-russia-ukraine-united-states-vladimir-putin-b547c53e4b787da6a8304807db6167c5\">The AP<\/a> and <a href=\"https:\/\/www.reuters.com\/world\/europe\/russia-says-us-nato-talks-so-far-unsuccessful-2022-01-13\/\">Reuters<\/a> have more.<\/p><p><strong>Rhetoric is hardening and tensions are rising on the ground:<\/strong> The White House over the weekend <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-14\/u-s-says-russia-preparing-operations-to-justify-ukraine-attack?sref=mmeFTDW1\">accused Moscow of planning a false-flag attack<\/a> in Ukraine, a day after Kiev <a href=\"https:\/\/www.wsj.com\/articles\/ukraine-government-websites-hit-by-cyberattack-11642168684?mod=article_inline\">was hit by a cyberattack<\/a>.<\/p><p><strong>The US is preparing for the worst<\/strong> and is drawing up contingency plans with several energy companies over supplying gas to Europe in the event that conflict hits Russian supplies to the continent, <a href=\"https:\/\/www.reuters.com\/business\/energy\/exclusive-us-talks-energy-firms-over-eu-gas-supply-case-russia-ukraine-conflict-2022-01-15\/\">Reuters<\/a> reports. European gas prices <a href=\"https:\/\/www.ft.com\/content\/6f09cfb7-ea4a-4640-940c-750491703f68\">jumped on Friday<\/a> after the breakdown in talks, with the benchmark European gas contract climbing almost 25% to reach EUR 90 per megawatt hour.<\/p><p><strong>Also worth noting this morning:<\/strong><\/p><ul>\n<li><strong>El Sisi calls for dialogue in Sudan: <\/strong>President Abdel Fattah El Sisi has urged dialogue in Sudan to end the political deadlock as demonstrators continue to protest against the military coup that overthrew the civilian leaders in October, <a href=\"https:\/\/apnews.com\/article\/middle-east-africa-egypt-sudan-omar-al-bashir-51776a3d1d17ccc561b0d8497d4137bd\">the Associated Press<\/a> reports.<\/li>\n<li><strong>COP26 president Alok Sharma has pledged to give the UK\u2019s \u201cfull support\u201d to<\/strong> <strong>Egypt<\/strong> during talks with Foreign Minister Sameh Shoukry, as the country gears up to host the COP27 climate conference in November. (<a href=\"https:\/\/www.gov.uk\/government\/news\/joint-statement-following-the-visit-of-cop26-president-to-egypt\">Joint Statement<\/a>)<\/li>\n<li><strong>GSK rejects Unilever\u2019s USD 50 mn offer for Pfizer JV: <\/strong>GlaxoSmithKline has turned down Unilever\u2019s USD 50 mn bid for GSK\u2019s consumer healthcare JV with Pfizer, calling the offer \u201cfundamentally undervalued.\u201d (<a href=\"https:\/\/www.ft.com\/content\/30070969-71bc-4ef9-a035-45d589b6fefe\">Financial Times<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-15\/unilever-confirms-takeover-bid-for-gsk-s-consumer-goods-business?srnd=premium&amp;sref=mmeFTDW1\">Bloomberg<\/a>)<\/li>\n<\/ul><hr class=\"grey-line\"><p><strong>When does covid stop being a pandemic and start being endemic?<\/strong> This is the debate currently playing out among scientists across the world and in the global media. Last week Team Endemic was all over the front pages, arguing that the omicron variant represents the end-game for covid as a deadly virus and the beginning of its transition into a more benign illness easily fought off by a more immune population.<\/p><p><strong>This morning we\u2019re seeing the counterpoint<\/strong>, with the <a href=\"https:\/\/apnews.com\/article\/coronavirus-pandemic-science-health-pandemics-dc99bc9f769dd6d7cb669e3d185c6261\">Associated Press<\/a> and newspapers including <a href=\"https:\/\/www.washingtonpost.com\/health\/2022\/01\/15\/living-with-the-virus\/\">the Washington Post<\/a> relaying the thoughts of some epidemiologists who warn that the virus could continue to evolve into more transmissible, more harmful variants. \u201cPeople have wondered whether the virus will evolve to mildness. But there\u2019s no particular reason for it to do so,\u201d one disease expert told the AP. \u201cI don\u2019t think we can be confident that the virus will become less lethal over time.\u201d<\/p><p><strong>^^ Expect to see this debate pick up steam in the weeks and months ahead<\/strong> as health authorities deliberate policy responses to the virus, post-omicron.<\/p><hr class=\"grey-line\"><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>The Senate is holding plenary sessions today and tomorrow to finish discussing a bill <\/strong><strong>that would create a new <\/strong><strong>Labor Act<\/strong>,<strong> to <\/strong>which it gave a preliminary <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9f049004-ee6e-4195-97fa-1f5e92cad0c3\">thumbs up<\/a> earlier this month, <a href=\"https:\/\/alborsaanews.com\/2022\/01\/15\/1499190\">Al Borsa<\/a> reports. The Senate will then pass the legislation back to the House of Representatives for final approval. If passed, the bill would dictate how employees can be dismissed, making it harder for employers to fire staff for illnesses but allowing workers to lose their jobs if convicted of a felony. The bill would also set a minimum annual raise requirement equal to 3% of the amount covered by social ins, according to local media. It is unclear to us where the dividing line is between the private and public sectors as regards the amendments.<\/p><p><strong>SODIC shareholders <\/strong><strong><a href=\"https:\/\/www.egx.com.eg\/ar\/BulletinNews.aspx?BCODE=272510&amp;All=\">will vote<\/a><\/strong><strong> on the company\u2019s new board of directors<\/strong> at an extraordinary general meeting today. The formation of the new board comes after an Emirati consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ in December <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ff33ea0-89c5-479c-87c3-bace1f57c63c\">acquired 85.5% of SODIC<\/a> in an EGP 6.1 bn all-cash transaction.<\/p><p><strong>PSA #3- Today is the last chance for property and land owners to make good on <\/strong><strong>overdue <\/strong><strong>real estate dues <\/strong><strong>without facing late fees<\/strong>, so long as they pay the full overdue amount, Housing Minister Assem El Gazzar said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/316486150521812\">statement<\/a>.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/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 href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>MARKET WATCH-<\/strong><\/p><p><strong>Wall Street earnings season kicks off: Did banks peak in 2021?<\/strong> Bulge bracket stalwart JPMorgan Chase reported record net income for the year on a larger number of transactions, according to its <a href=\"https:\/\/ent.news\/2022\/1\/JPMorgan-Chase-2021-earnings.pdf\">earnings release (pdf)<\/a> \u2014 but warnings from the bank\u2019s CFO of a rocky few years ahead sent its shares down by over 5% on Friday, the <a href=\"https:\/\/www.ft.com\/content\/1828f7a3-97ad-46e2-806f-97987c079b9d?shareType=nongift\">Financial Times reported<\/a>. Citigroup\u2019s net income <a href=\"https:\/\/www.citigroup.com\/citi\/investor\/data\/qer421.pdf?ieNocache=184\">doubled (pdf)<\/a> from the year before, but weak fourth-quarter earnings also saw the bank\u2019s shares <a href=\"https:\/\/www.cnbc.com\/2022\/01\/14\/citigroup-c-q4-2021-earnings.html\">slide more than 1%<\/a> on the announcement, according to CNBC.<\/p><p><strong>What\u2019s next<\/strong><strong>:<\/strong> On the banking front, Goldman Sachs reports on Tuesday, followed by Bank of America and Morgan Stanley on Wednesday. Tech firms will start reporting by midweek, with Intel up on Wednesday and Netflix publishing its results on Thursday. We\u2019ll get our first glimpse of how the US airline industry weathered omicron disruption when United Airlines reports on Wednesday.<\/p><hr class=\"grey-line\"><p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>AFCON 2021:<\/strong> Mohamed Salah was the difference in the Pharaoh\u2019s match last night with Guinea-Bissau, with Egypt closing out the engagement 1-0 to claim a <a href=\"https:\/\/www.bbc.com\/sport\/football\/59918897\">vital victory<\/a> that keeps our hope of qualification alive. Salah volleyed the Pharaohs into the lead in the 68th minute, latching onto a chipped cross to bag his first goal in six appearances for the national team.<\/p><p><strong>Elsewhere in the group:<\/strong> After beating Egypt in the opening game of the tournament, <a href=\"https:\/\/www.bbc.com\/sport\/football\/59918898\">Nigeria sealed qualification<\/a> to the next round after seeing off Sudan 3-1, leaving our southern neighbor bottom of the group.<\/p><p><strong>The pathway out of the group:<\/strong> The top two teams in each group are automatically sent through to the knockout stage of the competition, meaning that Egypt need to beat Sudan when they meet on Wednesday in order to guarantee a place in the next round. Should Guinea-Bissau beat Nigeria and Egypt draw or lose to Sudan, the Pharaohs still have a possibility of going through, courtesy of rules that see the four highest-ranked third-placed teams progress.<\/p><hr class=\"grey-line\"><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>The <\/strong><strong><a href=\"https:\/\/www.worldart-forum.com\/\">World Art Forum<\/a><\/strong><strong> is ongoing at Cairo\u2019s National Museum of Egyptian Civilization until Wednesday, 19 January. <\/strong>The inaugural edition of the forum, which kicked off yesterday, will see artists from around the world participating.<\/p><p><strong>National flag carrier EgyptAir will operate a flight from Casablanca to Cairo this <\/strong><strong>Wednesday<\/strong>, 19 January, to bring home Egyptian expats stranded in Morocco following border closures.<\/p><p><strong>South Korean President Moon Jae-in is <\/strong><strong><a href=\"https:\/\/bit.ly\/3f4YtFS\">due in town<\/a><\/strong><strong> from 20-21 January<\/strong> on an official visit, during which he will meet President Abdel Fattah El Sisi.<\/p><p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block;\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/Whats-Next-Vertical-Banner-En-1600-1.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s What\u2019s Next day:<\/strong> We have our weekly deep-dive into what makes and shapes pre-listed companies and startups in Egypt, the UAE and KSA, touching on investment trends, future sector insights and growth journeys.<\/p><p><strong>In today\u2019s issue:<\/strong> After looking at the trends that drove the conversation in Planet Startup last year (<a href=\"https:\/\/enterprise.press\/whatsnexts\/egypts-startup-scene-2021-part-startups-just-keep-breaking-investment-records\/\">here<\/a> and <a href=\"https:\/\/enterprise.press\/whatsnexts\/egypts-startup-scene-2021-part-ii-year-startup-investment-diversified\/\">here<\/a>), we\u2019re looking at What\u2019s Next for up-and-coming businesses this year. In a nutshell, it\u2019s more of the same: More funding, more international players, more exits, more M&amp;A, and more fintech.<\/p>\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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop26\/\">COP26<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cybersecurity\/\">cybersecurity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n              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class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-federal-reserve\/\">US Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/war\/\">war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/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=\"542751\" 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                            \"\r\n            id=\"542751\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/542751\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542751\" class=\"content-area-description single-story post-542751 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/1600px-W-x-1200px-H-post-01-110.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>Elevate your spirit where breathtaking mountains rise wherever you turn. Somabay; so magnificent, every day.<\/p>\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=\"542752\" 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=\"542752\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/grand-egyptian-museum-slated-for-2h2022-opening\/\">\r\n                            Grand Egyptian Museum slated for 2H2022 opening                        <\/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\/2022\/01\/16\/grand-egyptian-museum-slated-for-2h2022-opening\/\" 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\/2022\/01\/16\/grand-egyptian-museum-slated-for-2h2022-opening\/')\">\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\/2022\/01\/16\/grand-egyptian-museum-slated-for-2h2022-opening\/\">\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=Grand Egyptian Museum slated for 2H2022 opening&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/grand-egyptian-museum-slated-for-2h2022-opening\/\">\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\/2022\/01\/16\/grand-egyptian-museum-slated-for-2h2022-opening\/&title=Grand Egyptian Museum slated for 2H2022 opening\">\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=Grand+Egyptian+Museum+slated+for+2H2022+opening+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F01%2F16%2Fgrand-egyptian-museum-slated-for-2h2022-opening%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\/2022\/01\/16\/grand-egyptian-museum-slated-for-2h2022-opening\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/169.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"542753\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/grand-egyptian-museum-slated-for-2h2022-opening\/169-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/169.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"169.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/169.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/169.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542752\" class=\"content-area-description single-story post-542752 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-enterpriseam tag-grand-egyptian-museum tag-khaled-el-anany tag-tourism tag-tutankhamun wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The Grand Egyptian Museum (GEM) could open its doors to the public in 2H2022<\/strong>, Tourism Minister Khaled El Anany told <a href=\"https:\/\/abcnews.go.com\/International\/egypt-mark-centenary-tutankhamun-tomb-discovery-inaugurating-lavish\/story?id=82247869\">ABC News<\/a> on the sidelines of the World Youth Forum last week. The opening of the state-of-the art museum is contingent on the stability of \u201ccoronavirus-related conditions,\u201d the minister said<\/p>\n<p><strong>The GEM is near completion and will be ready by mid-year<\/strong>, \u201cbut we want to make sure that our guests can arrive in large numbers,\u201d El Anany said, adding that the aim is to invite heads of state from around the world to the museum\u2019s inauguration. As a globally significant attraction, the museum is widely expected to help tourism rebound post-pandemic.<\/p>\n<p><strong>Happy discovery day, King Tut: <\/strong>Opening the GEM would be the best way to celebrate the centennial of the discovery of King Tutankhamun\u2019s tomb, El Anany said. The museum will hold more than 100k artifacts, among them the c. 5k treasures belonging to the boy king that will be displayed in full for the first time. His world-famous tomb was <a href=\"https:\/\/www.wired.com\/2007\/11\/nov-26-1922-mystery-only-deepens-after-king-tut-found\/\">discovered<\/a> in November 1922 by British archeologist Howard Carter.<\/p>\n<p><strong>The GEM\u2019s grand opening was delayed by the pandemic:<\/strong> President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67e65b2d-4738-46d6-852d-324a0730f19f\">postponed<\/a> the inauguration of the GEM, initially set for June 2020, at the pandemic\u2019s outset. Toward the end of 2020, El-Enany said that the opening could happen in <a href=\"https:\/\/bit.ly\/3l243Lz\">2H2021<\/a> if covid conditions allowed. Construction has been at <a href=\"https:\/\/bit.ly\/3rollVs\">least 98% complete<\/a> since early last year.<\/p>\n<p><strong>The GEM is set to be the largest museum in the world dedicated to a single civilization. <\/strong>Part of the <a href=\"https:\/\/issuu.com\/cube-egypt\/docs\/giza2030_vision-cube-04-12-2010\">Giza Vision 2030<\/a>, the museum is the centerpiece of the EGP 30 bn development of the Giza plateau area, accounting for around two-thirds of the project\u2019s costs. Check out our two-part series on the Giza Plateau revamp <a href=\"https:\/\/enterprise.press\/hardhats\/giza-pyramids-area-getting-major-makeover-heres\/\">here<\/a> and <a href=\"https:\/\/enterprise.press\/hardhats\/giza-pyramids-area-getting-makeover-heres-part-2\/\">here<\/a>.<\/p>\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\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khaled-el-anany\/\">Khaled El Anany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tutankhamun\/\">Tutankhamun<\/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=\"542754\" 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=\"542754\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\">\r\n                            Orcas raises USD 2.1 mn pre-series A round                        <\/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\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\" 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\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/')\">\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\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\">\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=Orcas raises USD 2.1 mn pre-series A round&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\">\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\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/&title=Orcas raises USD 2.1 mn pre-series A round\">\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=Orcas+raises+USD+2.1+mn+pre-series+A+round+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F01%2F16%2Forcas-raises-usd-2-1-mn-pre-series-a-round%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\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"542755\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/orcas-raises-usd-2-1-mn-pre-series-a-round\/171-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"171.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/171.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542754\" class=\"content-area-description single-story post-542754 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-algebra-ventures tag-cairo-angels tag-cira-education tag-edtech tag-enterpriseam tag-orcas tag-startup-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>EXCLUSIVE-<\/strong> <strong>Orcas raises USD 2.1 mn pre-series A round: <\/strong>Egyptian edtech startup <a href=\"https:\/\/www.orcas.io\/\">Orcas<\/a> raised USD 2.1 mn in a pre-series A round co-led by our friends at CIRA\u2019s NFX Ventures, and <a href=\"https:\/\/access-bridge.com\/\">Access Bridge Ventures<\/a>, according to a <a href=\"https:\/\/ent.news\/2022\/1\/Orcas-Cairo-Angels-PRL.pdf\">statement (pdf)<\/a>. Algebra Ventures, Launch Africa Ventures, Cairo Angels Syndicate Fund (CASF), and Seedstars International also participated.<\/p>\n<p><strong>Next steps: <\/strong>Orcas aims to use the funding to develop its technology, hire new talent and expand into new markets in MENAP. Its tech needs to be customizable but also scalable to smoothly operate in different markets, co-founder and CEO Hossam Taher tells us. Operations started in Pakistan\u2019s Lahore in early 2022 and Orcas is planning to expand into the KSA next, he adds. \u201cWe\u2019re looking to expand in markets that have a large young population and high out-of-pocket tutoring expenses.\u201d<\/p>\n<p><strong>What <\/strong><strong>does<\/strong><strong> Orcas do? <\/strong>Founded in 2019, the platform offers online and in-person tutoring and courses for K-12 students as well as personalized learning plans, learning-style assessments, and practice assignments.<\/p>\n<p><strong>This marks CASF\u2019s first investment<\/strong> after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8ec01ad2-2a04-403f-9be1-ac49b0582a58\">launching last month<\/a> as a micro-VC fund to fill the \u201cmissing middle\u201d between post-seed and pre-series A investments.<\/p>\n<p><strong>Orcas and CIRA are becoming firm friends: <\/strong>The two firms <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d550fd23-a8d8-42b7-bff1-e0954a225e07\">teamed up last year<\/a> on a JV to co-develop an online social learning platform for after-hours support to students. The hybrid platform, which makes use of Orcas\u2019 online tools as well as CIRA\u2019s 21-strong school network, is now available in governorates including Cairo, Assiut and Suez.<\/p>\n<p><strong>Edtech startups raised eight investment rounds in 2021<\/strong>, up three from the year before, putting edtech among the most popular sectors for investment. <a href=\"https:\/\/enterprise.press\/whatsnexts\/egypts-startup-scene-2021-part-startups-just-keep-breaking-investment-records\/\">Read our What\u2019s Next story recapping investment in Egypt\u2019s startup scene last year<\/a>. <a href=\"https:\/\/enterprise.press\/whatsnexts\/egypts-startup-scene-2021-part-startups-just-keep-breaking-investment-records\/\"><\/a><\/p>\n<p><strong>IN OTHER STARTUP NEWS-<\/strong><\/p>\n<ul>\n<li><strong>El Sisi wants the WYF to set up an incubator:<\/strong> President Abdel Fattah El Sisi has directed the World Youth Forum\u2019s management to <a href=\"https:\/\/bit.ly\/3nqxo4w\">establish a global incubator for<\/a><a href=\"https:\/\/bit.ly\/3nqxo4w\">startups and SMEs<\/a>, involving private sector firms, international lenders and development organizations.<\/li>\n<li><strong>Foodtech startup <\/strong><strong><a href=\"https:\/\/3attar.com\/ar\/\">3attar<\/a><\/strong><strong> raised an undisclosed seed round from AUC Angels, UI <\/strong><strong>Investment and individual angel investors<\/strong>, according to a statement picked up by <a href=\"https:\/\/www.wamda.com\/2022\/01\/egypt-foodtech-3attar-raises-seed-investment\">Wamda<\/a>. The B2C health foods platform aims to expand its customer base and develop its tech with the funding.<\/li>\n<\/ul>\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\/algebra-ventures\/\">Algebra Ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cairo-angels\/\">Cairo Angels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/edtech\/\">edtech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orcas\/\">Orcas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/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=\"542756\" 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=\"542756\">\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\">Development finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/\">\r\n                            APICORP and IsDB launch USD 1 bn Infra Initiative                        <\/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\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/\" 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\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/')\">\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\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/\">\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=APICORP and IsDB launch USD 1 bn Infra Initiative&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/\">\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\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/&title=APICORP and IsDB launch USD 1 bn Infra Initiative\">\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=APICORP+and+IsDB+launch+USD+1+bn+Infra+Initiative+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F01%2F16%2Fapicorp-and-isdb-launch-usd-1-bn-infra-initiative%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\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/172.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"542757\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/172-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/172.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"172.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/172.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/172.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542756\" class=\"content-area-description single-story post-542756 post type-post status-publish format-standard has-post-thumbnail hentry category-development-finance tag-apicorp tag-development-finance tag-enterpriseam tag-infrastructure tag-public-private-partnership wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Apicorp<\/strong><strong> and IsDB launch USD 1 bn Infra Initiative: <\/strong><a href=\"https:\/\/www.apicorp.org\/\">Arab Petroleum Investments<\/a><a href=\"https:\/\/www.apicorp.org\/\">Corporation (Apicorp)<\/a> and the <a href=\"https:\/\/www.isdb.org\/\">Islamic Development Bank (IsDB)<\/a> have launched a three-year, USD 1 bn initiative for private-sector focused infrastructure financing in countries including Egypt, <a href=\"https:\/\/www.isdb.org\/news\/apicorp-and-isdb-partner-in-us-1-billion-infrastructure-financing-initiative\">according to a statement<\/a>.<\/p>\n<p><strong>Who\u2019s in line for funding?<\/strong> The Infra Initiative will finance renewable projects in electricity generation and transmission, water, and waste management in APICORP\u2019s ten member countries, all of whom are also IsDB members: Egypt, Kuwait, Libya, Saudi Arabia, Qatar, Algeria, Iraq, Bahrain, Syria and the UAE. Projects with private-sector involvement will be at the top of the priority list. Projects elsewhere within the 57 Organization of Islamic Cooperation countries will also be considered, if they are sponsored by a company headquartered in one of these ten countries.<\/p>\n<p><strong>The initiative aims to drive PPPs in energy projects.<\/strong> Infra is designed \u201cto address low private sector participation in funding energy projects by incentivizing public-private partnerships (PPPs),\u201d the statement reads. The initiative also hopes to mobilize financing for PPP projects from commercial and multilateral banks, development agencies and capital markets.<\/p>\n<p><strong>Background: <\/strong>Egypt holds a 3% stake in APICORP, which is a multilateral development institution targeting the development of renewable energy in oil-exporting nations, and a USD 3.6 bn capital subscription in IsDB, equivalent to nearly 7.1% of the bank\u2019s total capital.<\/p>\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\/apicorp\/\">Apicorp<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-private-partnership\/\">public-private partnership<\/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=\"542758\" 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=\"542758\">\r\n            \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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/german-prosthetics-firm-ottobock-wont-be-taking-a-20-stake-in-orthomedics\/\">\r\n                            German prosthetics firm Ottobock won\u2019t be taking a 20% stake in Orthomedics                        <\/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\/2022\/01\/16\/german-prosthetics-firm-ottobock-wont-be-taking-a-20-stake-in-orthomedics\/\" 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\/2022\/01\/16\/german-prosthetics-firm-ottobock-wont-be-taking-a-20-stake-in-orthomedics\/')\">\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\/2022\/01\/16\/german-prosthetics-firm-ottobock-wont-be-taking-a-20-stake-in-orthomedics\/\">\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=German prosthetics firm Ottobock won\u2019t be taking a 20% stake in Orthomedics&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/german-prosthetics-firm-ottobock-wont-be-taking-a-20-stake-in-orthomedics\/\">\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\/2022\/01\/16\/german-prosthetics-firm-ottobock-wont-be-taking-a-20-stake-in-orthomedics\/&title=German prosthetics firm Ottobock won\u2019t be taking a 20% stake in Orthomedics\">\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=German+prosthetics+firm+Ottobock+won%E2%80%99t+be+taking+a+20%25+stake+in+Orthomedics+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F01%2F16%2Fgerman-prosthetics-firm-ottobock-wont-be-taking-a-20-stake-in-orthomedics%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\/2022\/01\/16\/german-prosthetics-firm-ottobock-wont-be-taking-a-20-stake-in-orthomedics\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/173.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"542759\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/german-prosthetics-firm-ottobock-wont-be-taking-a-20-stake-in-orthomedics\/173-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/173.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"173.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/173.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/173.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542758\" class=\"content-area-description single-story post-542758 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-egx tag-enterpriseam tag-healthcare tag-ipo-watch tag-ma-watch tag-orthomedics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egyptian prosthetics company <\/strong><strong><a href=\"https:\/\/orthomedics.com\/\">Orthomedics<\/a><\/strong><strong> will not sell a 20% stake to <\/strong><strong><a href=\"https:\/\/www.ottobock.com\/en\/\">Ottobock<\/a><\/strong><a href=\"https:\/\/www.ottobock.com\/en\/\"><\/a>after ending talks with the German firm, <a href=\"https:\/\/alborsaanews.com\/2022\/01\/15\/1499364\">Al Borsa<\/a> cited Orthomedics Chairman Khaled El Deeb as saying, without disclosing further information. Negotiations between the two firms had been ongoing <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8725eef2-faed-493e-b016-eca710078284\">since early 2020<\/a>.<\/p>\n<p><strong>IPO still in the cards:<\/strong> El Deeb reiterated the company\u2019s intention to go public on the EGX, first announced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bca88e34-998b-4e75-afe6-6d23f310f669\">back in 2020<\/a>. He said at the time that the firm could sell a 49% stake in an IPO.<\/p>\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\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orthomedics\/\">Orthomedics<\/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=\"542760\" 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=\"542760\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/egypts-daily-covid-tally-is-back-in-four-figures-1-mn-astrazeneca-jabs-from-argentina\/\">\r\n                            Egypt\u2019s daily covid tally is back in four figures + 1 mn AstraZeneca jabs from Argentina                        <\/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\/2022\/01\/16\/egypts-daily-covid-tally-is-back-in-four-figures-1-mn-astrazeneca-jabs-from-argentina\/\" 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\/2022\/01\/16\/egypts-daily-covid-tally-is-back-in-four-figures-1-mn-astrazeneca-jabs-from-argentina\/')\">\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\/2022\/01\/16\/egypts-daily-covid-tally-is-back-in-four-figures-1-mn-astrazeneca-jabs-from-argentina\/\">\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=Egypt\u2019s daily covid tally is back in four figures + 1 mn AstraZeneca jabs from Argentina&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/egypts-daily-covid-tally-is-back-in-four-figures-1-mn-astrazeneca-jabs-from-argentina\/\">\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\/2022\/01\/16\/egypts-daily-covid-tally-is-back-in-four-figures-1-mn-astrazeneca-jabs-from-argentina\/&title=Egypt\u2019s daily covid tally is back in four figures + 1 mn AstraZeneca jabs from Argentina\">\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=Egypt%E2%80%99s+daily+covid+tally+is+back+in+four+figures+%2B+1+mn+AstraZeneca+jabs+from+Argentina+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F01%2F16%2Fegypts-daily-covid-tally-is-back-in-four-figures-1-mn-astrazeneca-jabs-from-argentina%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\/2022\/01\/16\/egypts-daily-covid-tally-is-back-in-four-figures-1-mn-astrazeneca-jabs-from-argentina\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/175.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"542761\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/egypts-daily-covid-tally-is-back-in-four-figures-1-mn-astrazeneca-jabs-from-argentina\/175-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/175.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"175.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/175.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/175.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542760\" class=\"content-area-description single-story post-542760 post type-post status-publish format-standard has-post-thumbnail hentry category-covid-watch tag-argentina tag-astrazeneca tag-covid-19 tag-enterpriseam tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s official daily covid tally is back in four figures:<\/strong> The Health Ministry <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/249416697369552\">reported<\/a> 1,101 new covid-19 infections yesterday, up from <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/248707844107104\">1,079<\/a> the day before. Egypt has now disclosed a total of 398,879 confirmed cases of covid-19. The ministry also reported 26 new deaths, bringing the country\u2019s total death toll to 22,123.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Egypt received 1 mn AstraZeneca jabs as a gift from Argentina<\/strong> on Thursday, a gesture to celebrate the countries\u2019 75th anniversary of diplomatic relations, according to <a href=\"https:\/\/ent.news\/2022\/1\/Argentina-donates-covid19-vaccines-English.pdf\">a statement (pdf)<\/a> from the Argentinian embassy. Our friend Eduardo Varela, Argentina\u2019s ambassador to Egypt, met several local officials at Cairo International Airport as the vaccines arrived.<\/p>\n<p><strong>Omicron was the likely cause of an 89% spike in covid cases during the first week <\/strong><strong>of<\/strong><strong> January across the Eastern Mediterranean<\/strong>, the WHO\u2019s Regional Director for the Eastern Mediterranean, Ahmed Al Mandhari, said at a <a href=\"http:\/\/www.emro.who.int\/media\/news\/statement-by-whos-regional-director-for-the-eastern-mediterranean-at-the-media-briefing-on-covid-19-13-january-2022.html\">media briefing<\/a>. Al Mandhari noted that the rise in cases coincided with a 13% drop in deaths in the region, but added that while the omicron variant appears to cause less severe disease than its predecessor delta, \u201cthis certainly does not mean it should be underestimated.\u201d<\/p>\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\/argentina\/\">Argentina<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/astrazeneca\/\">AstraZeneca<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/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=\"542762\" 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=\"542762\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/earnings-watch-taaleem\/\">\r\n                            Earnings watch: Taaleem                        <\/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\/2022\/01\/16\/earnings-watch-taaleem\/\" 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\/2022\/01\/16\/earnings-watch-taaleem\/')\">\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\/2022\/01\/16\/earnings-watch-taaleem\/\">\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=Earnings watch: Taaleem&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/earnings-watch-taaleem\/\">\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\/2022\/01\/16\/earnings-watch-taaleem\/&title=Earnings watch: Taaleem\">\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=Earnings+watch%3A+Taaleem+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F01%2F16%2Fearnings-watch-taaleem%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\/2022\/01\/16\/earnings-watch-taaleem\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542762\" class=\"content-area-description single-story post-542762 post type-post status-publish format-standard hentry category-earnings-watch tag-earnings-watch tag-education tag-enterpriseam tag-taaleem wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>EGX-listed Taaleem<\/strong><strong> saw a 23.7% y-o-y increase in its bottom line in 1Q2021-2022<\/strong> to EGP 71.9 mn, the company said in an <a href=\"https:\/\/ent.news\/2022\/1\/Taaleem-Earning-Release-Q1_2021-22.pdf\">earnings release (pdf)<\/a>. Revenues also rose 27.3% y-o-y to EGP 171.7 mn for the September-November 2021 period, the company said. The strong performance came on the back of higher operating revenues as operational conditions continue to normalize post-pandemic, which outstripped growth in operating costs and expenses by 20.4 percentage points.<\/p>\n<p><strong>Enrolment at Nahda University in Beni Suef was down<\/strong> <strong>48% y-o-y<\/strong>, with 916 new students admitted during 1Q2021-22. The decrease followed a decline in the pool of eligible applicants after the Thanaweya Amma examination system <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3683636-800d-4aa3-b1db-e7c581499ce4\">was updated<\/a>, the company said. That said, average tuition revenue per student was up 30.5% y-o-y at EGP 27k. Progress continues on the company\u2019s second higher education institution, Badya University in West Cairo.<\/p>\n<p><strong>The higher ed outfit expects the growth to continue going forward: <\/strong>Taaleem built \u201ca strong platform for further growth during the rest of the year\u201d in the first quarter, said Managing Director Mohamed El Rashidi. The company will continue to focus on growth and cost-level efficiencies to yield strong profitability, he added.<\/p>\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\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taaleem\/\">Taaleem<\/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=\"542763\" 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                            \"\r\n            id=\"542763\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/542763\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542763\" class=\"content-area-description single-story post-542763 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.sodic.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/Tactical-Male-1600WX800H-for-web.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\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=\"542764\" 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=\"542764\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/talking-heads-discuss-gerd-the-death-of-wael-elebrashy-and-covid-19\/\">\r\n                            Talking heads discuss GERD, the death of Wael Elebrashy and covid-19                        <\/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\/2022\/01\/16\/talking-heads-discuss-gerd-the-death-of-wael-elebrashy-and-covid-19\/\" 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\/2022\/01\/16\/talking-heads-discuss-gerd-the-death-of-wael-elebrashy-and-covid-19\/')\">\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\/2022\/01\/16\/talking-heads-discuss-gerd-the-death-of-wael-elebrashy-and-covid-19\/\">\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=Talking heads discuss GERD, the death of Wael Elebrashy and covid-19&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/talking-heads-discuss-gerd-the-death-of-wael-elebrashy-and-covid-19\/\">\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\/2022\/01\/16\/talking-heads-discuss-gerd-the-death-of-wael-elebrashy-and-covid-19\/&title=Talking heads discuss GERD, the death of Wael Elebrashy and covid-19\">\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=Talking+heads+discuss+GERD%2C+the+death+of+Wael+Elebrashy+and+covid-19+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F01%2F16%2Ftalking-heads-discuss-gerd-the-death-of-wael-elebrashy-and-covid-19%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\/2022\/01\/16\/talking-heads-discuss-gerd-the-death-of-wael-elebrashy-and-covid-19\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542764\" class=\"content-area-description single-story post-542764 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-covid-19 tag-diplomacy tag-economy tag-enterpriseam tag-ethiopia tag-gerd tag-healthcare tag-judiciary tag-last-nights-talk-shows tag-mahmoud-mohieldin tag-politics tag-sudan tag-wael-elebrashy tag-water tag-world-youth-forum wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>GERD returned to the nation\u2019s talk shows last night<\/strong> after the Ethiopian government <a href=\"https:\/\/bit.ly\/3Kenxsk\">announced plans<\/a> to clear 17k hectares of forest in preparation for the third filling of the dam this summer. The process will take two months to complete and the government wants to start the work in February. Addis Ababa began unilaterally filling the dam\u2019s reservoir in 2020 without an agreement with Egypt and Sudan over how to allocate the Nile\u2019s water between the three countries, inflaming tensions with Cairo. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eb46348d-7550-4cb5-983d-2b40da01a909\">Negotiations have been on ice<\/a> since last summer, when Ethiopia completed the second filling of the dam and Egypt failed to get the backing of the international community to intervene in the dispute. El Hekaya\u2019s Amr Adib covered the story (<a href=\"https:\/\/www.youtube.com\/watch?v=5uIkpiEoh9c\">watch, runtime: 3:55<\/a>).<\/p>\n<p><strong>The death of veteran journalist Wael Elebrashy is being investigated by the public prosecutor<\/strong> after his wife accused doctors of negligence that caused his death. Elebrashy <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9e11e634-8053-4d77-990b-d49341e28608\">died last week<\/a> due complications resulting from covid-19. The Doctors\u2019 Syndicate is also conducting an investigation into the physicians who treated him and the medication he was told to take, syndicate member Ibrahim El Zayat said on Ala Mas\u2019ouleety last night (<a href=\"https:\/\/www.youtube.com\/watch?v=k6vo_cx09h4\">watch, runtime: 3:22<\/a>). The story was also given attention by Al Hayah Al Youm, (<a href=\"https:\/\/www.youtube.com\/watch?v=yY-wo3aseuk\">watch, runtime: 2:06<\/a>), El Hekaya (<a href=\"https:\/\/www.youtube.com\/watch?v=9UU7-CB9Zgw\">watch, runtime: 11:11<\/a>), and Ala Mas\u2019ouleety (<a href=\"https:\/\/www.youtube.com\/watch?v=e6fEV_b9o04\">watch, runtime: 9:40<\/a>).<\/p>\n<p><strong>Also on the airwaves last night:<\/strong><\/p>\n<ul>\n<li><strong>Egypt has entered the fifth wave of covid-19<\/strong>, the former dean of the Heart Institute said on Ala Mas\u2019ouleety (<a href=\"https:\/\/www.youtube.com\/watch?v=DHGxQlAB47A\">watch, runtime: 5:07<\/a>)<\/li>\n<li><strong>IMF executive director Mahmoud Mohieldin has called on the government to increase public investment by at least 20%<\/strong> to support the economy in an interview with Extra News (<a href=\"https:\/\/www.youtube.com\/watch?v=ap-WM0DelJ4\">watch, runtime: 4:38<\/a>). Mohieldin said that private investment needs to triple to make up for the declines seen in recent years.<\/li>\n<li><strong>The conclusion of the World Youth Forum got airtime<\/strong> on Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=XBwCOLQRasA\">watch, runtime: 22:15<\/a>) and El Hekaya (<a href=\"https:\/\/www.youtube.com\/watch?v=rJfzUHdWsyM\">watch, runtime: 1:02<\/a>).<\/li>\n<\/ul>\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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/judiciary\/\">judiciary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mahmoud-mohieldin\/\">Mahmoud Mohieldin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wael-elebrashy\/\">Wael Elebrashy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n    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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=\"542766\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/egypt-in-the-news-mohamed-el-amin-trafficking-case-city-of-the-dead-mausoleums-under-threat\/\">\r\n                            Egypt in the News: Mohamed El Amin trafficking case + City of the Dead mausoleums under threat                        <\/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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\n<article id=\"post-542766\" class=\"content-area-description single-story post-542766 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-canada tag-enterpriseam tag-history tag-infrastructure tag-mohamed-el-amin wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a mixed bag in the pages of the foreign press this morning: <\/strong>The trafficking and assault <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/18270513-5593-4143-ae19-b4ccf8d66a2a\">allegations<\/a> against former CBC owner Mohamed El Amin are getting ink in <a href=\"https:\/\/www.theguardian.com\/global-development\/2022\/jan\/13\/egyptian-media-owner-detained-after-trafficking-and-sexual-assault-claims\">the Guardian<\/a> after a local court extended his pre-trial detention for a further 15 days. Meanwhile, the <a href=\"https:\/\/www.ft.com\/content\/807b86f9-e3b1-448c-ad9e-428ec98d964a\">Financial Times<\/a> reports that <strong>t<\/strong><strong>housands of mausoleums in Cairo\u2019s historic City of the Dead could be destroyed to make way for a new road<\/strong>, as the government continues with its huge infrastructure drive to ease traffic congestion in the nation\u2019s capital. Lastly, <a href=\"https:\/\/www.cbc.ca\/news\/canada\/toronto\/joseph-attar-canadian-jailed-egypt-freed-1.6314851\">Canada\u2019s CBC<\/a> reports that <strong>Canadian-Egyptian citizen Joseph Attar has returned to Canada after 15 years of imprisonment in Egypt<\/strong>. Attar was arrested in Cairo in 2007 on spying charges.<\/p>\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\/canada\/\">Canada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-el-amin\/\">Mohamed El Amin<\/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=\"542767\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"542768\" 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=\"542768\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/four-fed-rate-hikes-in-2022\/\">\r\n                            Four Fed rate hikes in 2022?                        <\/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\/2022\/01\/16\/four-fed-rate-hikes-in-2022\/\" 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\/2022\/01\/16\/four-fed-rate-hikes-in-2022\/')\">\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\/2022\/01\/16\/four-fed-rate-hikes-in-2022\/\">\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=Four Fed rate hikes in 2022?&url=https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/four-fed-rate-hikes-in-2022\/\">\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\/2022\/01\/16\/four-fed-rate-hikes-in-2022\/&title=Four Fed rate hikes in 2022?\">\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=Four+Fed+rate+hikes+in+2022%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F01%2F16%2Ffour-fed-rate-hikes-in-2022%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\/2022\/01\/16\/four-fed-rate-hikes-in-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542768\" class=\"content-area-description single-story post-542768 post type-post status-publish format-standard hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-inflation tag-interest-rates tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a><strong>The US Federal Reserve could start raising interest rates in March: <\/strong>Fed Governor Lael Brainard is the latest official to signal that the Fed is leaning toward a March \u201clift-off\u201d on planned rate hikes. At a congressional hearing to confirm her nomination for another term as Fed vice chair, <a href=\"https:\/\/www.reuters.com\/world\/us\/feds-brainard-nods-march-rate-hike-calls-action-grow-2022-01-13\/\">Brainard said<\/a> the Fed could hike rates as soon as it finishes unwinding its asset-purchasing stimulus, opening the door to a rate rise at the central bank\u2019s mid-March meeting.<\/p><p><strong>Four rate hikes this year?<\/strong> A number of Fed officials <a href=\"https:\/\/www.ft.com\/content\/8d1582b7-a8aa-4bfa-8e29-6ce2f85e7b9a\">last week<\/a> came out to back a March rate increase and as many as four rate hikes this year. The increased sense of urgency comes after data showed that US inflation was at its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/310e24da-2b97-4c31-9d4b-2ffef0bce2aa\">highest in forty years<\/a> in December. The Fed plans to taper its bond-buying program in February \u2014 twice as fast as originally expected \u2014 ahead of a planned three rate hikes in 2022, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f444232-111c-46af-bca6-df62fda492f3\">followed by<\/a> another three next year, and two in 2024.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>12,012<\/p>\n<\/td>\n<td>\n<p>-0.4% (YTD: +0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>12,079<\/p>\n<\/td>\n<td>\n<p>+1.0% (YTD: +7.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>8,425<\/p>\n<\/td>\n<td>\n<p>- (YTD: -0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>3,202<\/p>\n<\/td>\n<td>\n<p>- (YTD: -0.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,663<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: -2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,543<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 83.82<\/p>\n<\/td>\n<td>\n<p>+2.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 4.26<\/p>\n<\/td>\n<td>\n<p>-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,816.50<\/p>\n<\/td>\n<td>\n<p>-0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 43,332<\/p>\n<\/td>\n<td>\n<p>-0.0% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 fell 0.4% on Thursday<\/strong> on turnover of EGP 807 mn (32.8% below the 90-day average). Local investors were net buyers. The index is up 0.5% YTD.<\/p><p><strong>In the green: <\/strong>Cleopatra Hospital (+2.8%), MM Group (+2.0%) and Egypt Kuwait Holding (+1.0%).<\/p><p><strong>In the red: <\/strong>Madinet Nasr Housing (-4.2%), Speed Medical (-3.2%) and Egyptian Resorts Company (-2.9%).<\/p>\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\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/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 whats-next vertical-section wide-section wp-block-group issue-section\" id=\"542769\">\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\/27716.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27488.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Sunday in EnterpriseAM.                <\/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\/whatsnext\/\">\r\n                            Read What's Next                        <\/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\">10<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/whatsnext\/startup-investment-in-2022-more-of-the-same-but-stronger\/\">         \r\n                            Startup investment in 2022: More of the same, but stronger<\/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\/whatsnext\/startup-investment-in-2022-more-of-the-same-but-stronger\/\" 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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More of the same \u2014 and that\u2019s a great thing. <\/strong>In the past two weeks, we\u2019ve looked at <a href=\"https:\/\/enterprise.press\/whatsnexts\/egypts-startup-scene-2021-part-startups-just-keep-breaking-investment-records\/\">how much funding Egyptian startups raised in 2021<\/a> and the <a href=\"https:\/\/enterprise.press\/whatsnexts\/egypts-startup-scene-2021-part-ii-year-startup-investment-diversified\/\">new investment vehicles<\/a> that have emerged in the market. This week, we\u2019re looking at what lies ahead.<\/p>\n<p><strong>The theme of 2022 when it comes to funding for startups is simple: MORE. <\/strong>More funding, bigger ticket sizes, more international players (VCs and startups alike), more exits, more M&A, and last, but not least, more fintech.<\/p>\n<p><strong>Your guides to What\u2019s Next in the startup space in the year to come are three top industry <\/strong><strong>leaders: Tarek Assaad<\/strong>, managing partner at Algebra Ventures. <strong>Hany Al Sonbaty<\/strong>, managing partner at Sawari Ventures. And <strong>Basil Moftah<\/strong>, general partner at Global Ventures.<\/p>\n<p><strong>All three insiders expect 2022 to be another record year for fundraising by startups.<\/strong> \u201cWe\u2019re expecting USD 3 bn to be raised in MENA, and that Egypt will lead in terms of number of transactions for the first time,\u201d Moftah says. The UAE and KSA will round out the top three in terms of number of transactions. In terms of total investment value, the UAE will be at the forefront, he expects.<\/p>\n<p><strong>The venture capital landscape is going to get more crowded\u2026 <\/strong>We also expect a number of Egypt-based VCs to (a) close funds for which they\u2019re now raising funds and (b) to launch new funds. And the market can also expect to see other players looking at the startup space, with Assaad pointing to corporate investors, financial institutions and later-stage players. Al Sonbaty reiterates what he had told us in <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/20\/my-morning-routine-hany-al-sonbaty-managing-partner-of-sawari-ventures\/\">his Morning Routine<\/a> two years ago: \u201cI personally expect that the capital available for VC will increase by close to two orders of magnitude within our lifetime.\u201d<\/p>\n<p><strong>\u2026and VCs are going to write larger and larger tickets. <\/strong>The average VC investment in an Egyptian startup has grown steadily in the past three years, but compared to other emerging markets, the sizes are not insane, Assaad said, implying that there is still significant breathing room. \u201cEgypt has been underinvested and behind due to the revolutions and then the economic reforms. Today, it is becoming a darling story to investors, as a place that is undervalued and underrepresented in the tech scene,\u201d Moftah notes.<\/p>\n<p><strong>Expect an influx of international players: <\/strong>Top-tier international investment vehicles that have global mandates will be coming into and looking at Egypt, Al Sonbaty says. Assaad and Moftah said much the same thing.<\/p>\n<p><strong>2022 could shape up to be the \u201cyear of the exit,\u201d too. <\/strong>Momentum for exits is gaining steam as investment rounds grow in size and more sophisticated investors enter the scene. \u201cWe will see exits next year and we\u2019re hoping to see a lot of them,\u201d Assaad confirms.<\/p>\n<p><strong>M&A is also picking up. <\/strong>Consolidation in the market started on a smaller scale in 2021, as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e5e8d0d-5c82-4a46-adbc-6f3297512570\">we\u2019ve previously reported<\/a>, and you can expect lots more where that came from. \u201cM&A will become more of a feature, be it startup-to-startup or larger companies acquiring startups, so we\u2019re dedicating part of our investment team to focus on that,\u201d Moftah says.<\/p>\n<p><strong>Companies are eyeing Egyptian startups as acquisition targets because, simply, Egypt is <\/strong><strong>the hottest place to be<\/strong>, Moftah adds. Saudi Arabia\u2019s Tadawul opening the door to tech startups interested in listing will be good for Egypt: KSA-listed companies will be eyeing acquisition targets in Egypt (and elsewhere) to deliver growth. \u201cI\u2019m looking forward to seeing some more consolidation in 2022 as companies [...] think about exits and IPOs,\u201d Assaad says.<\/p>\n<p><strong>Venture debt is coming in strong.<\/strong> Across MENA, 80% of investors and startups are planning to use venture debt as a funding tool in the near future, <a href=\"https:\/\/magnitt.com\/research\/mena-2021-venture-debt-sentiment-report-50793\">according to the Venture Debt Sentiment Report by Magnitt and Shuaa<\/a>. And it seems Egypt is going to follow suit. US venture debt firm <a href=\"https:\/\/www.pfgrowth.com\/\">Partners for Growth<\/a> is looking at lending to four companies in Egypt, Moftah says. \u201cVenture debt will become mainstream [and] part of how the ecosystem expands,\u201d he adds. Other investment vehicles in the market, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/62d9fd99-ca88-4aa3-b513-e944fa1e9748\">which we covered in detail last week<\/a>, are set to increase the base and depth for startups at an earlier stage, Al Sonbaty tells us.<\/p>\n<p><strong>Fintech, fintech, and more fintech: <\/strong>\u201cFintech is destined to attract more money this year and accelerate, given the size of the [potential],\u201d Al Sonbaty says. A number of African fintech unicorns will come to Egypt in search of growth, so that\u2019s going to make things interesting, he adds. Egypt\u2019s new SPAC regulations and fintech law have been in the making for a few years now \u2014 and will be coming together to create a more vibrant regulatory environment in 2022, he explains. We may even see some specialization in investment vehicles, particularly on the corporate side, Assaad adds.<\/p>\n<p><strong>But isn\u2019t everything fintech? <\/strong>A lot of startups are taking the \u201cfintech highway,\u201d regardless of their sectors, because the need for financing is everywhere. \u201cFintech is an integral part of infrastructure \u2014 it is not a vertical, but rather required for industries to thrive, including healthcare and education,\u201d Al Sonbaty says.<\/p>\n<p><strong>What we need to work on: Technical talent, corporate governance, and infrastructure. <\/strong>\u201cSomething on everybody\u2019s mind is access to technical talent on a more senior level, such as CTOs and senior developers,\u201d Assaad says. There is a lot of competition for tech talent, particularly as many of the nation\u2019s best and brightest are (a) lured to jobs abroad or (b) opt to work remotely for global companies, whether on contract or as freelancers. In parallel, the nation\u2019s infrastructure still needs to improve in terms of internet speed and data centers \u2014 and regulations to support startups and IPOs, Moftah tells us. But most importantly, governance and transparency need to be a priority. Egypt\u2019s entrepreneurs still need to exert more effort in communicating transparently and manage the governance of their companies better, he recommends.<\/p>\n<p><strong>What we need to watch out for: the global debt bubble. <\/strong>There is a credit bubble brewing globally, especially when it comes to consumer and SME lending, Moftah says. \u201cWe\u2019re expecting a correction of that in 2022, starting in the US, which will spill over into emerging markets and lead to a correction of valuations on some businesses that have high exposure to credit and lending,\u201d he adds. These businesses include BNPL, working capital financing and microfinancing. The exact timing is still unclear, but corrections can be very disruptive to companies, boards and investment flows.<\/p>\n<p><strong>Egypt\u2019s fintech sector is well-regulated <\/strong>by both the Central Bank of Egypt and the Financial Regulatory Authority. We think the risk to Egypt of a correction in developed markets is not that local players will default, but that international investors will pull back because they worry that Western risk is generalizable to EMs like us.<\/p>\n<p><strong>The dominant theme at the start of this new year: Optimism.<\/strong> Tech startups are attracting strong talent and going after big markets, technology adoption has turned a corner as it is now in the hands of the masses, there\u2019s plenty of capital sloshing around in search of returns, entrepreneurs are more competent and capable, and there\u2019s interest everywhere from corporations to government, Assaad says. \u201cI\u2019m looking forward to Egypt regaining its position in the tech world,\u201d Moftah tells us. \u201cThere is a new caliber of entrepreneurs coming into the scene, of which a few are second-time founders.\u201d<\/p>\n<p><strong>What\u2019s next (further down the line)? Open banking and <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/519da186-071b-4f5a-8fc4-50544543f384\">Web3<\/a><\/strong><strong> startups. <\/strong>Web3 businesses will become the hottest sector, including businesses related to crypto-exchanges, NFTs, blockchain and smart contracts, Moftah says. Other MENA countries, like the UAE and KSA, have also been working on their open banking mandates. Open banking is the idea that you force financial institutions and ins. companies to open up their APIs for fintech companies to capture and pass data. \u201cThis is the missing piece of making fintech successful in MENA,\u201d Moftah concludes.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top stories on future trends for the week:<\/strong><\/p>\n<ul>\n<li><strong>Tawfeer Market closes seed round:<\/strong> Grocery delivery startup Tawfeer Market has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35a4ac12-2bf5-4566-b3d4-39d6f051ed2f\">raised USD 500k in seed funding<\/a>, with participation from the Alexandria Business Angels Network.<\/li>\n<li><strong>Homzmart looks to Asia:<\/strong> Furniture and home goods marketplace Homzmart is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a740d1ee-5cb2-45eb-97c7-0ca6cbd4efb8\">targeting expansion into South Asian countries<\/a>.<\/li>\n<li><strong>MNT-Halan is looking at cross-border expansion this year<\/strong>, with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0191132f-ae68-4175-a468-c2fede1816d6\">plans to tap markets<\/a> where \u201cthere are large unbanked populations that need serving,\u201d CEO and co-founder Mounir Nakhla told the Banker magazine.<\/li>\n<li><strong>Licenses for fintech startups:<\/strong> Startups will be able to apply for a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9f049004-ee6e-4195-97fa-1f5e92cad0c3\">short-term fintech startup license<\/a> valid for up to two years under the fintech bill passed by the House last week.<\/li>\n<\/ul>\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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/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=\"542771\" 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\/2022\/01\/16\/542771\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-542771\" class=\"content-area-description single-story post-542771 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>1Q2022: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cd1fc44-1593-4317-8658-0aa792215521\">Launch of the Egyptian Commodities Exchange<\/a>.<\/p>\n<p>1Q2022: Swvl acquisition of Viapool expected to close.<\/p>\n<p>1Q2022: Waste collection startup Bekia plans to expand to the UAE and Saudi Arabia.<\/p>\n<p>Early 2022: Results <a href=\"https:\/\/www.elwatannews.com\/news\/details\/5876314\">to be announced<\/a> for the second round of the state\u2019s gold and precious metals auction.<\/p>\n<p>1H2022: Target date for IDH to close its acquisition of 50% of Islamabad Diagnostic Center.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1H2022: The government will respond to private companies\u2019 bids to build desalination plants.<\/p>\n<p>January: Sovereign Sukuk Act executive regulations expected to be finalized.<\/p>\n<p>January: Tenth of Ramadan dry port tender to be launched.<\/p>\n<p>January: Three-month trial period of ACI for air freight to begin.<\/p>\n<p>9 January \u2013 6 February (Sunday-Sunday): 2021 Africa Cup of Nations, Cameroon.<\/p>\n<p>Second half of January: Egypt <a href=\"https:\/\/alborsaanews.com\/2021\/11\/23\/1483989\">will host<\/a> the Egyptian-Bahraini Joint Committee.<\/p>\n<p>Second half of January: <a href=\"https:\/\/alborsaanews.com\/2021\/12\/20\/1492507\">Regulations<\/a> for installing EV charging stations will be published.<\/p>\n<p>15-19 January (Saturday-Wednesday): <a href=\"https:\/\/www.worldart-forum.com\/\">World Art Forum<\/a>, National Museum of Egyptian Civilization, Cairo.<\/p>\n<p>16 January (Sunday): SODIC shareholders <a href=\"https:\/\/www.egx.com.eg\/ar\/BulletinNews.aspx?BCODE=272510&amp;All=\">will vote<\/a> on the company\u2019s new board of directors at an extraordinary general meeting.<\/p>\n<p>17-19 January (Monday-Wednesday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/en-gb.html\">World Future Energy Summit<\/a>, Abu Dhabi.<\/p>\n<p>19 January (Wednesday): EgyptAir will operate an <a href=\"https:\/\/www.facebook.com\/559252464269841\/photos\/a.672120829649670\/1787559448105797\/?type=3&amp;theater\">exceptional Casablanca-Cairo flight<\/a> to bring home Egyptians expats stranded in Morocco following border closures.<\/p>\n<p>20 January (Thursday): Kadmar Shipping\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01ff5c98-c2b7-42a3-9c0f-7e33f4c9e638\">new line<\/a> transporting agricultural crops between Alexandria and Russia begins its operations.<\/p>\n<p>20-21 January (Thursday-Friday): South Korean President Moon Jae-in <a href=\"https:\/\/bit.ly\/3f4YtFS\">will visit Egypt<\/a> as part of his diplomatic tour of the region.<\/p>\n<p>23 January (Sunday): Deadline for Macro Pharma to IPO on the EGX.<\/p>\n<p>25 January (Tuesday): The IMF will release its World Economic Outlook.<\/p>\n<p>25 January (Tuesday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>25 January (Tuesday): <a href=\"https:\/\/alex.technesummit.com\/2022\">Techne Summit<\/a> announces awardees of Corporate Innovation Program.<\/p>\n<p>25-26 January (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>27 January (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>30-31 January (Sunday-Monday): <a href=\"https:\/\/alborsaanews.com\/2022\/01\/12\/1498617\">Ins. Federation of Egypt medical ins. forum<\/a>.<\/p>\n<p>End of January: The Egyptian-Romanian business forum will take place with the aim of strengthening joint investment relations.<\/p>\n<p>January-February 2022: Construction work on the Abu Qir metro upgrade <a href=\"https:\/\/www.youtube.com\/watch?v=vXBilirlgw0\">will begin<\/a>.<\/p>\n<p>February: Hassan Allam Construction\u2019s <a href=\"https:\/\/alborsaanews.com\/2021\/12\/07\/1488592\">new construction firm<\/a> established with Russia\u2019s Titan-2 to handle construction work on the Dabaa nuclear power plant begins its operations.<\/p>\n<p>February: Ghazl El Mahalla shares will begin trading on the EGX this month.<\/p>\n<p>February: Suez canal transit fees <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/36bf88d1-efc3-4194-aa9a-23a4defc0035\">set to increase 6%<\/a>, exempting cruise ships and LNG carriers.<\/p>\n<p>Mid-February: End of grace period to comply with new minimum wage for firms who sent in exemption requests.<\/p>\n<p>3 February (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>3 February (Thursday): January PMI figures for Egypt, Saudi Arabia, and the UAE will be released.<\/p>\n<p>4-20 February (Friday-Sunday): 2022 Winter Olympics, Beijing.<\/p>\n<p>11 February (Friday): <a href=\"https:\/\/finance.yahoo.com\/news\/vistas-media-acquisition-company-inc-203000610.html\">Deadline for Anghami SPAC merger<\/a>.<\/p>\n<p>11-13 February (Friday-Sunday) FIBA Intercontinental Cup, Cairo.<\/p>\n<p>14-16 February (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>15 February (Tuesday): The Industrial Development Authority\u2019s deadline for <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">receiving offers<\/a> from companies for licenses to manufacture steel products.<\/p>\n<p>15 February (Tuesday): Orange Ventures\u2019 <a href=\"https:\/\/vc4a.com\/orange-ventures\/egypt-seed-fintech-challenge\/\">deadline<\/a> to receive applications from seed-stage fintech startups.<\/p>\n<p>19 February (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>19-21 February (Saturday-Monday): <a href=\"https:\/\/www.facebook.com\/NebuGoldExpo\">Nebu Expo for Gold and Jewelry 2022<\/a>.<\/p>\n<p>End of February: Lebanon to receive gas from Egypt via a pipeline crossing Jordan and Syria.<\/p>\n<p>March: <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/304519788385115\">Rollout<\/a> of the government financial management information system (GFMIS), a suite of electronic tools to automate the government\u2019s financial management processes (<a href=\"https:\/\/ent.news\/2021\/7\/tnm1007.pdf\">pdf<\/a>) that will replace the existing \u201cclosed\u201d financial management system.<\/p>\n<p>March: 4Q2021 earnings season.<\/p>\n<p>March: Deadline for the World Health Organization\u2019s <a href=\"https:\/\/www.who.int\/news\/item\/01-12-2021-world-health-assembly-agrees-to-launch-process-to-develop-historic-global-accord-on-pandemic-prevention-preparedness-and-response\">intergovernmental negotiating body<\/a> to meet to discuss binding treaty on future pandemic cooperation.<\/p>\n<p>March: World Cup playoffs.<\/p>\n<p>March: The government hopes to sign a final contract between El Nasr Automotive and a new partner for the local production of electric cars.<\/p>\n<p>March: Target date for Saudi tech firm Brmaja to IPO on the EGX.<\/p>\n<p>9-18 March (Wednesday-Friday): The 55th edition of the <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/291436426360972\">Cairo International Fair<\/a>.<\/p>\n<p>15-16 March (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>24 March (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>28-29 March (Monday-Tuesday): The Egypt International Mining Show (<a href=\"https:\/\/egypt-mining.com\/\">EIMS 2022<\/a>) will take place virtually.<\/p>\n<p>31 March (Thursday): Deadline for submitting tax returns for individual taxpayers.<\/p>\n<p>31 March (Thursday): Supply Ministry expected to take final decision on bread subsidies by this date.<\/p>\n<p>2 April (Saturday): First day of Ramadan (TBC).<\/p>\n<p>3 April (Sunday): Bidding begins on the Industrial Development Authority\u2019s license to manufacture tobacco products.<\/p>\n<p>4 April (Monday): CDC Group will formally change its name to British International Investment.<\/p>\n<p>22-24 April (Friday-Sunday): <a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>24 April (Sunday): Coptic Easter Sunday (holiday for Coptic Christians).<\/p>\n<p>25 April (Monday): Sham El Nessim.<\/p>\n<p>25 April (Monday): Sinai Liberation Day.<\/p>\n<p>28 April (Thursday): National Holiday in observance of Sham El Nessim.<\/p>\n<p>30 April (Saturday): Deadline for submitting corporate tax returns for companies whose financial year ends 31 December.<\/p>\n<p>Late April \u2013 15 May: 1Q2022 earnings season<\/p>\n<p>May: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>1 May (Sunday): Labor Day.<\/p>\n<p>3-4 May (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>5 May (Thursday): National Holiday in observance of Labor Day.<\/p>\n<p>2 May (Monday): Eid El Fitr (TBC).<\/p>\n<p>19 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>14-15 June (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15-18 June (Wednesday-Saturday): <a href=\"https:\/\/forumspb.com\/en\/\">St. Petersburg International Economic Forum<\/a> (SPIEF), St. Petersburg.<\/p>\n<p>16 June (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>23 June (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>27 June-3 July (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>End of 2Q2022: The Financial Regulatory Authority\u2019s new Ins. Act should be approved.<\/p>\n<p>End of 1H2022: Emirati industrial company M Glory Holding and the Military Production Ministry will begin the mass production of dual fuel pickup trucks that can run on natural gas.<\/p>\n<p>2H2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>July: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>1 July (Friday): FY 2022-2023 begins.<\/p>\n<p>8 July (Friday): Arafat Day.<\/p>\n<p>9-13 July (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>26-27 July (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>30 July (Saturday): Islamic New Year.<\/p>\n<p>Late July \u2013 14 August: 2Q2022 earnings season.<\/p>\n<p>18 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>September: Egypt will display its first naval exhibition with the title <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>.<\/p>\n<p>20-21 September (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>22 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday, national holiday.<\/p>\n<p>18-20 October(Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>Late October \u2013 14 November: 3Q2022 earnings season.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>3 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish above between the actual holiday and its observance.<\/p>\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":542749,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-542748","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c6f73177-7c03-4b23-bb7c-332d9d82d857","teaser":"","photo_url":"https:\/\/ent.news\/2022\/1\/166.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>Grand Egyptian Museum could open its doors in 2H2022 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/grand-egyptian-museum-could-open-its-doors-in-2h2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grand Egyptian Museum could open its doors in 2H2022\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/grand-egyptian-museum-could-open-its-doors-in-2h2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T20:00:22+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/166.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/grand-egyptian-museum-could-open-its-doors-in-2h2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/grand-egyptian-museum-could-open-its-doors-in-2h2022\/\",\"name\":\"Grand Egyptian Museum could open its doors in 2H2022 - 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