{"id":545852,"date":"2022-04-14T04:10:03","date_gmt":"2022-04-14T04:10:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=545852"},"modified":"2025-12-15T21:13:51","modified_gmt":"2025-12-15T21:13:51","slug":"eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/","title":{"rendered":"Eni inks agreement with EGAS to boost LNG exports to Europe"},"content":{"rendered":"<section id=\"545854\" 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=\"545854\">\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\/04\/14\/this-morning-everyone-must-register-for-vat-happy-holidays-yall\/\">\r\n                            THIS MORNING: Everyone must register for VAT + happy holidays, y\u2019all                        <\/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\/04\/14\/this-morning-everyone-must-register-for-vat-happy-holidays-yall\/\" 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\/04\/14\/this-morning-everyone-must-register-for-vat-happy-holidays-yall\/')\">\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\/04\/14\/this-morning-everyone-must-register-for-vat-happy-holidays-yall\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS MORNING: Everyone must register for VAT + happy holidays, y\u2019all&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/this-morning-everyone-must-register-for-vat-happy-holidays-yall\/\">\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\/04\/14\/this-morning-everyone-must-register-for-vat-happy-holidays-yall\/&title=THIS MORNING: Everyone must register for VAT + happy holidays, y\u2019all\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+MORNING%3A+Everyone+must+register+for+VAT+%2B+happy+holidays%2C+y%E2%80%99all+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fthis-morning-everyone-must-register-for-vat-happy-holidays-yall%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\/04\/14\/this-morning-everyone-must-register-for-vat-happy-holidays-yall\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545854\" class=\"content-area-description single-story post-545854 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-benghazi tag-easter tag-egyptair tag-enterpriseam tag-food-security tag-imf tag-inflation tag-libya tag-passover tag-tax-authority tag-travel tag-vat tag-what-were-tracking-today tag-world-bank 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_27645\"\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\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Well, friends, we\u2019ve made it through another workweek together <\/strong>and are fast-approaching<\/p><p> the midpoint of Ramadan. We hope the week was good to you and that you\u2019re looking forward to a relaxing weekend.<\/p><p><strong>It\u2019s another very heavy morning for news:<\/strong><\/p><p><strong>Energy and commodities top the headlines today \u2014 and it\u2019s all very pertinent to the<\/strong> <strong>turmoil taking place on the global stage. <\/strong>Italy\u2019s Eni will be taking a leading role in helping us to ramp up our LNG exports to Europe as it looks to wean itself off Russian energy. And state grain buyer GASC has concluded its first successful tender since war broke out in Ukraine, amid a very tight market that saw prices at their highest in nearly six years.<\/p><p><strong>Meanwhile, our Emirati friends at ADQ<\/strong> have confirmed that they were behind the massive purchases in EGX-listed stakes yesterday meant to help shore up our economy. On a related note, rumor has it that healthy foods outfit Abu Auf could be on an ADQ subsidiary\u2019s shopping list.<\/p><p>^^ We have all of this and more in this morning\u2019s news well, below.<\/p><p><strong>Need something to do in that last hour before iftar? <\/strong>May we immodestly suggest you check out our <strong>podcast on the future of fintech in Egypt<\/strong> (<a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/whats-next-for-egypts-fintech-sector\/id1617987136?i=1000556814211\">Apple Podcasts<\/a> | <a href=\"https:\/\/bit.ly\/3jAZvvt\">Google Podcasts<\/a> | <a href=\"https:\/\/open.spotify.com\/show\/1hzX6KVJGkuj4udK2DvD5Y\">Spotify<\/a> | <a href=\"https:\/\/enterprise.press\/podcasts\/whats-next-egypts-fintech-sector\/\">our website<\/a>) \u2014 part two drops on Sunday. Or learn about <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebabfac3-5776-44ff-a69d-0351d5e169ba\">Shift EV, a remarkable startup<\/a><\/strong> that\u2019s developed proprietary battery technology it\u2019s using to retrofit our nation\u2019s delivery fleets into electric vehicles.<\/p><p><strong>PSA<\/strong><strong>-<\/strong> <strong>All businesses now have to register for VAT <\/strong>\u2014 even if their revenues are beneath the VAT registration threshold, Tax Authority head Reda Abdelkader said in a statement to Enterprise yesterday. Businesses making less than EGP 500k in revenues a year still aren\u2019t required to charge and remit VAT on their sales, but they do need to register with the authority via the unified tax platform.<\/p><p><strong>HAPPY HOLIDAYS: <\/strong>We wish a very happy Passover, which starts tomorrow evening (Friday, April 15) to all our readers who observe \u2014 and a happy Easter in advance to those of our readers who follow the Western Christian calendar. Good Friday is tomorrow, while Easter is this coming Sunday. (Coptic Easter will be observed this year on Sunday, 24 April.)<\/p><p><strong>SO, WHEN DO WE EAT?<\/strong> You\u2019ll be breaking your fast at 6:22pm CLT this evening in the capital city, and fajr prayers are at 3:59am.<\/p><p><strong>NEXT WEEK-<\/strong><\/p><p><strong>EgyptAir will operate daily direct flights between Cairo and the eastern Libyan city <\/strong><strong>of Benghazi starting<\/strong> <strong>18 April<\/strong>, <a href=\"https:\/\/bit.ly\/3vf8ckB\">Youm7<\/a> reports. This comes as Egypt and Libya work to strengthen ties, with Egypt just yesterday playing host to talks to help Libya find a solution for its ongoing political crisis (find more on that in the Diplomacy section in this morning\u2019s news well, below).<\/p><p><strong>Early pensions ahead of Eid: <\/strong>Gov\u2019t will disburse pensions for retired public sector workers early this month, on 22 April, ahead of Eid El Fitr and Coptic Easter, the National Authority for Social Ins. <a href=\"https:\/\/nosi.gov.eg\/ar\/News\/Pages\/13-4-2022.aspx\">announced<\/a> yesterday.<\/p><p><strong>Global finance chiefs to convene food security summit: <\/strong>US Treasury Secretary Janet Yellen will next week convene a summit to discuss emergency financing for countries struggling with rising food prices, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-13\/yellen-to-convene-global-food-crisis-gathering-as-costs-surge\">Bloomberg<\/a> reports. The heads of the IMF and the World Bank, and reps from G7 and G20 countries are set to attend the meeting, where they will \u201ctry and think about how we can stave off starvation around the world\u201d as the war in Ukraine sends commodities prices spiraling, Yellen said.<\/p><p><strong>Int\u2019l policymakers are sounding the alarm on food:<\/strong> The meeting was announced as the heads of the IMF, the WB, the World Food Programme, and the World Trade Organization issued a <a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2022\/04\/13\/pr22117-joint-statement-wbg-imf-wfp-and-wto-call-for-urgent-coordinated-action-on-food-security\">joint statement<\/a> calling for \u201curgent coordinated action on food security.\u201d They said steps could include providing hardest-hit countries with emergency grants to help balance their books, sending food supplies, upping agricultural production, and keeping trade flows open.<\/p><p><strong>RECOMMENDED READING- <\/strong>For more on how the World Bank sees the Ukraine crisis impacting food and climate issues \u2014 as well as wise words on how to steer a country through a crisis \u2014 check out <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3bf87d3c-081a-4bbe-8b39-e80164277ba8\">our recent interview with Mari Pangestu<\/a>, the WB\u2019s managing director of development policy and partnerships.<\/p><p><strong>SPEAKING OF THE WB + IMF: <\/strong>The two international lenders\u2019 <a href=\"https:\/\/meetings.imf.org\/en\/2022\/Spring\">spring meetings<\/a> are taking place in Washington next Monday, 18 April, and will run until Saturday, 23 April.<\/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>THE BIG STORY ABROAD = WAR WATCH. Most of the international press has its eyes glued to Ukraine this morning. <\/strong>Here\u2019s your Reader\u2019s Digest version of the latest developments:<\/p><ul>\n<li><strong>Annual inflation in Russia hit 17.5% last week<\/strong>, its highest since February 2002. (<a href=\"https:\/\/www.reuters.com\/world\/europe\/inflation-russia-hits-highest-more-than-20-years-2022-04-13\/\">Reuters<\/a>)<\/li>\n<li><strong>It\u2019s official: The Biden administration is sending Ukraine an additional USD 800 mn <\/strong>in military aid. (<a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/04\/13\/statement-by-president-joe-biden-on-call-with-president-zelenskyy-and-additional-security-assistance-to-ukraine\/\">Statement<\/a>)<\/li>\n<li><strong>Some 1k Ukrainian marines have surrendered <\/strong>to Russian forces in the besieged eastern Ukrainian city of Mariupol. (<a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-tells-russia-return-prisoners-if-you-want-top-ally-back-2022-04-12\/\">Reuters<\/a>)<\/li>\n<li><strong>Regional allies head to Ukraine in show of support:<\/strong> The presidents of Poland, Lithuania, Latvia and Estonia landed in Kyiv yesterday to express their support for President Zelensky. (<a href=\"https:\/\/apnews.com\/article\/russia-ukraine-putin-kyiv-business-europe-afc276faff040e7bf0b87b7625adbba8\">AP<\/a>)<\/li>\n<li><strong>Russia has said the flagship vessel in its Black Sea fleet was severely damaged<\/strong> in what Ukraine is claiming as a missile strike on its part. (<a href=\"https:\/\/www.reuters.com\/world\/europe\/russia-says-flagship-black-sea-fleet-badly-damaged-by-blast-2022-04-14\/\">Reuters<\/a>)<\/li>\n<\/ul><p><strong>MARKET WATCH-<\/strong><\/p><p><strong>Don't expect moderate rate hikes to be enough to tame inflation:<\/strong> The Federal Reserve is going to need to curb economic growth to rein in inflation and it's a \u201cfantasy\u201d to think otherwise, a top Fed official told <a href=\"https:\/\/www.ft.com\/content\/e759c33f-2515-4269-8c9b-e9e517d22a3d\">the Financial Times<\/a>. James Bullard, president and CEO of the Federal Reserve Bank of St Louis, said the bank needs to be more aggressive to reverse the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/acbe142a-7b05-413b-8d71-a09ce7d7113a\">US\u2019s highest inflation in 40 years<\/a>.<\/p><p><strong>The UK also saw inflation a hitting multi-decade high in March:<\/strong> <a href=\"https:\/\/www.ons.gov.uk\/economy\/inflationandpriceindices\/bulletins\/consumerpriceinflation\/latest\">Official figures<\/a> out yesterday showed inflation rising to 7% in March from 6.2% the month prior, its highest level since March 1992.<\/p><p><strong>Across the pond, the Bank of Canada hiked its benchmark interest rate to 1%<\/strong>, with the 50 bps hike being the <a href=\"https:\/\/www.cbc.ca\/news\/business\/bank-of-canada-rate-hike-1.6418132\">single largest jump<\/a> in rates since 2000. <a href=\"https:\/\/www.cbc.ca\/news\/business\/canada-inflation-february-1.6386536#:~:text=Statistics%20Canada%20reported%20Wednesday%20that,polled%20by%20Bloomberg%20were%20expecting.\">Inflation is running at a 30-year high<\/a>.<\/p><p><strong>SIGN OF THE TIMES- <\/strong>Turkish exporters may be forced to convert more of their hard currency revenues into TRY as part of government plans to boost reserves, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-12\/turkey-may-oblige-exporters-to-convert-40-of-income-to-liras?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reported, citing sources in the know. The government currently requires companies to convert 25% of their income into local currency, but under plans being discussed at the central bank this could rise to 40%. The TRY has been one of the worst-performing EM currencies of 2022.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Companies have less than a week to file their first quarterly ESG compliance report: <\/strong>Listed firms and non-bank financial services companies need to submit their first quarterly ESG report by 20 April, the Financial Regulatory Authority (FRA) <a href=\"https:\/\/fra.gov.eg\/custompdfs\/2481616-2\/\">announced last week<\/a>. The regulator is making it mandatory for corporates to publicly disclose their performance on key environmental, social and governance metrics each year when they submit their annual financial statements, starting 2023. <strong>Reach out to <\/strong><strong><a href=\"mailto:mtaalab@inktankir.com\">Moustafa Taalab at InkankIR<\/a><\/strong>, our parent company, if you need some help.<\/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>\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\/benghazi\/\">Benghazi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/easter\/\">Easter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptair\/\">EgyptAir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-security\/\">food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/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\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/passover\/\">Passover<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax-authority\/\">Tax Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vat\/\">VAT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/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=\"545855\" 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=\"545855\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/545855\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545855\" class=\"content-area-description single-story post-545855 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\/4\/Somabay-endurancefestival1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545856\" 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=\"545856\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/\">\r\n                            Egypt to increase LNG exports to Europe with Eni                        <\/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\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/\" 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\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/')\">\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\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/\">\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 to increase LNG exports to Europe with Eni&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/\">\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\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/&title=Egypt to increase LNG exports to Europe with Eni\">\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+to+increase+LNG+exports+to+Europe+with+Eni+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fegypt-to-increase-lng-exports-to-europe-with-eni%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\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/242.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545857\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/egypt-to-increase-lng-exports-to-europe-with-eni\/242-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/242.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"242.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/242.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/242.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545856\" class=\"content-area-description single-story post-545856 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-damietta-plant tag-egas tag-energy tag-eni tag-enterpriseam tag-italy tag-oil-and-gas tag-russia-ukraine-war 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> Eni signs agreement to supply more of our LNG to Italy, Europe: <\/strong>The Italian energy firm yesterday signed an agreement in Cairo with the state-owned Egyptian Natural Gas Holding Company (EGAS) designed to \u201cmaximize\u201d Egyptian LNG exports to Europe and boost Eni\u2019s gas production here, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/379981644172262\">statement<\/a>.<\/p>\n<p><strong>\u201cThe agreement aims to promote Egyptian gas export to Europe, and specifically to Italy<\/strong>, in the context of the transition to a low carbon economy,\u201d Eni said in a <a href=\"https:\/\/www.eni.com\/en-IT\/media\/press-release\/2022\/04\/eni-and-egas-agree-increase-egypt-s-gas-production-and-supply.html\">statement<\/a>.<\/p>\n<p><strong>The details: <\/strong>The agreement will see production increase at the two companies\u2019 gas joint ventures; redouble Eni\u2019s exploration efforts in its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c5f11f01-49af-4e27-a91e-3410f499133d\">newly-acquired concessions<\/a> in the Western Desert, the Nile Delta and Mediterranean; and \u201cidentify [how to] to maximize short-term gas production,\u201d Eni said. Along with the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3613f080-5d75-4b85-af31-1b66fcda3204\">reopening of the Damietta LNG plant<\/a> last year \u2014 which Eni runs and in which it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/784d29e8-b9ab-4b16-bdc4-20b5d110a590\">holds a 50% stake<\/a> \u2014 yesterday\u2019s agreement will boost the Italian firm\u2019s LNG exports to Italy and elsewhere in Europe to 3 bn cubic meters this year.<\/p>\n<p><strong>We had an inkling this was coming: <\/strong>Eni <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7bb6d118-c4ff-4568-b7ff-c3d7bd2dd99f\">in March pledged<\/a> to bring more than 14 trn cubic feet of additional gas to the global market and mitigate Europe\u2019s energy crisis by \u201cleveraging established alliances with producing countries,\u201d including Egypt.<\/p>\n<p><strong>Why now? <\/strong>Europe is looking to wean itself off Russian energy amid the fallout from war in Ukraine, which may soon see the bloc <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70303f56-25f2-41db-8edc-6c4465d14ead\">ban Russian oil altogether<\/a>. We\u2019re a strong option given our prime location just across the Med; our 2018 discovery of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/113f1ae6-53bc-4426-bbeb-805084941dff\">largest gas field in the region<\/a>; two operating liquefaction plants; and a pact to bring in Israeli gas from our neighbours\u2019 massive offshore fields. Egyptian gas is usually snapped up by Asian buyers, but shipments to Europe rocketed last year to more than <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7bb6d118-c4ff-4568-b7ff-c3d7bd2dd99f\">2 mn metric tons<\/a>, up from just 270k the year before. And discussions on accelerating that trend have intensified with the war\u2019s outbreak \u2014 top EU official Frans Timmermans just days ago told Prime Minister Mostafa Madbouly that the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/022ca147-bb08-4bb6-ba62-361b7381da4c\">bloc is looking to up its imports of liquefied natural gas (LNG)<\/a> from Egypt in the short term.<\/p>\n<p><strong>Italy is also tapping our neighbors in the region for more gas: <\/strong>The country\u2019s prime minister was in Algeria on Tuesday to sign an agreement upping its purchases of Algerian fuel, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-13\/italy-steps-up-push-to-wean-off-russian-gas-with-egypt-agreement\">Bloomberg<\/a> reports. Eni \u2014 which is majority state-owned \u2014 is also trying to ramp up production in Libya, as well as in several African and Southeast Asian countries in which it operates.<\/p>\n<p><strong>This may be easier said than done: <\/strong>Ramping up production has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a6f4c47-2df0-425f-8914-154120e7e56f\">proved difficult<\/a> for some of our oil-producing neighbors in the OPEC+ cartel amid snarled supply chains and staffing issues. Meanwhile, Oil Minister Tarek El Molla <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b05357d8-d636-4372-a069-cf77d948b1e7\">said<\/a> late last year that Egypt\u2019s LNG terminals were running at maximum capacity, as the country tries to capitalize on the surge in natural gas prices overseas.<\/p>\n<p><strong>But Eni is well placed to help: <\/strong>The company has been operating in Egypt for decades, and its involvement in both gas production and liquefaction, combined with its European ties, means it can work to both up supply and facilitate exports.<\/p>\n<p><strong>And the firm has been very active in our energy sector lately: <\/strong>It was awarded fresh gas exploration blocks in the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c4454f8-c6d8-46dc-a04b-f1d3ab0b9291\">2021 bid round<\/a>, has committed to spend at least <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e23ca6f4-7f73-4872-a701-a93d211c3134\">USD 1 bn<\/a> to develop some of its local concessions, and could also partner with us on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ed7b3c1-2514-4f68-9b61-11486f0e348a\">carbon capture<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b3e6cad-637c-4ca8-afe6-94472fcc12d4\">green hydrogen<\/a> projects in the run up to COP 27. Eni also <a href=\"https:\/\/www.eni.com\/en-IT\/media\/press-release\/2022\/04\/eni-announces-new-discoveries-western-desert-egypt.html\">today announced<\/a> fresh discoveries totaling 8.5k barrels of oil-equivalent per day in its Meleiha concessions in the Western Desert.<\/p>\n<p><strong>The news received attention from the foreign press<\/strong>: <a href=\"https:\/\/www.reuters.com\/business\/eni-signs-agreement-egyptian-lng-exports-europe-statement-2022-04-13\/\">Reuters<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-13\/italy-steps-up-push-to-wean-off-russian-gas-with-egypt-agreement?utm_campaign=socialflow-organic&utm_source=twitter&utm_content=business&cmpid=socialflow-twitter-business&utm_medium=social\">Bloomberg<\/a> both covered the story.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/damietta-plant\/\">Damietta plant<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egas\/\">EGAS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eni\/\">Eni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia-ukraine-war\/\">Russia-Ukraine war<\/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=\"545858\" 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=\"545858\">\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\">Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/gasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices\/\">\r\n                            GASC concludes latest tender, with offers roughly 50% above pre-war prices                        <\/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\/04\/14\/gasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices\/\" 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\/04\/14\/gasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices\/')\">\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\/04\/14\/gasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices\/\">\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=GASC concludes latest tender, with offers roughly 50% above pre-war prices&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/gasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices\/\">\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\/04\/14\/gasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices\/&title=GASC concludes latest tender, with offers roughly 50% above pre-war prices\">\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=GASC+concludes+latest+tender%2C+with+offers+roughly+50%25+above+pre-war+prices+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fgasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices%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\/04\/14\/gasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/244.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545859\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/gasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices\/244-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/244.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"244.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/244.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/244.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545858\" class=\"content-area-description single-story post-545858 post type-post status-publish format-standard has-post-thumbnail hentry category-commodities tag-commodities tag-enterpriseam tag-gasc tag-russia-ukraine-conflict tag-wheat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a><strong> GASC has pulled off its first successful wheat tender since Russia invaded <\/strong><strong>Ukraine \u2014 but it didn\u2019t come cheap. <\/strong>The General Authority for Supply Commodities (GASC), Egypt\u2019s state grain buyer, bought 350k tons of wheat from France, Russia, and Bulgaria in its first successful tender since war broke out in Europe\u2019s breadbasket, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-13\/egypt-s-wheat-tender-highlights-huge-costs-of-importing-grain\">Bloomberg<\/a> reports. The average price (accounting for freight) stood at nearly USD 490 per ton \u2014 the highest in nearly six years, and up by around half what GASC paid in its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a38a8f80-51ed-4cc9-83ab-64e4d1ea633c\">last international purchase in mid-February<\/a>, says the business newswire.<\/p>\n<p><strong>We knew that wheat purchases would be pricier \u2014 but not this pricey: <\/strong>The government in early March said rising wheat prices would cost it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90dbcce6-c13b-4758-8275-21fd871e7ef4\">an additional EGP 15 bn<\/a> this fiscal year, penciling the cost in at USD 350 per ton. Paris wheat futures rose to close near an all-time high of USD 445 per ton yesterday.<\/p>\n<p><strong>GASC tried a different tack to secure supply: <\/strong>This was GASC\u2019s first limited tender in years, with offers only open to European nations among the 16 countries accredited to supply the state. Six European companies made offers, Bloomberg says citing unnamed traders \u2014 around half the number GASC is accustomed to receiving in normal circumstances.<\/p>\n<p><strong>France made good on its pledge to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1e08442b-dcd5-49c0-bfb2-d5e0d801eca2\">\u201cstand by Egypt\u201d<\/a><\/strong><strong> on wheat<\/strong> and make sure we get what we need, leading the purchases. GASC also secured one shipment of Russian wheat \u2014 which is less surprising than you might think given that Russian supply to private and public buyers has continued uninterrupted (<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90dbcce6-c13b-4758-8275-21fd871e7ef4\">and even grown<\/a>) since the war began. Bulgaria also sold us a single cargo.<\/p>\n<p><strong>Look for the grain to be shipped in late May <\/strong>or the first half of June.<\/p>\n<p><strong>The tender was a test of the wartime wheat market. <\/strong>GASC put tenders on hold in early March after being forced to cancel two in a row, as the war blocked Ukrainian exports and sent ins. and shipping costs skyrocketing, upending the global market. We typically source north of 80% of our wheat imports from Russia and Ukraine.<\/p>\n<p><strong>GASC is working on diversifying its options after reserves dipped<\/strong>, having recently held talks with India, Argentina, France and the United States on potential supply. We had about 2.6 months of wheat on hand <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d4959ef4-a9f1-4ae3-8354-83e891ebea97\">as of last week<\/a>, down from the four-month figure the government announced in early March.<\/p>\n<p><strong>The government remains focused on the local harvest:<\/strong> The government will spend around EGP 36 bn to purchase 6 mn tons of local wheat this year, roughly doubling <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d4959ef4-a9f1-4ae3-8354-83e891ebea97\">its purchase budget<\/a> from last year.<\/p>\n<p><strong>Meanwhile, Ukrainian wheat apparently remains blocked by the war: <\/strong>Ukrainian authorities have accused Russia of continuing to block one ship that had been loaded for wheat to Egypt from leaving a Russian-occupied port on the Black Sea, <a href=\"https:\/\/www.al-monitor.com\/originals\/2022\/04\/russia-ukraine-trade-barbs-over-obstruction-wheat-shipments-egypt\">Al Monitor reported<\/a>. Our imports of Ukrainian wheat plunged 42% y-o-y last month, to record 124.5k tonnes.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>IN OTHER COMMODITIES- Our soybean imports are set to rise for marketing year <\/strong><strong>2022-2023: <\/strong>Egypt\u2019s soybean imports will rise 11% in the October 2022-September 2023 marketing year on the back of our increasing domestic crush capacity, the US Agriculture Department has said in <a href=\"https:\/\/ent.news\/2022\/4\/Oilseeds-and-Products-Annual_Cairo_Egypt_EG2022-0010.pdf\">a report (pdf)<\/a>. We\u2019ll import around 4 mn metric tonnes (MMT) in the coming year, up from 3.6 MMT in MY 2021-2022, after the two companies responsible for soybean crushing in Egypt \u2014 Soyven and Alex Seeds Company \u2014 raised capacity by more than 6%.<\/p>\n<p><strong>Our consumption is also on the rise: <\/strong>Our forecasted soybean consumption for the upcoming marketing year is up 6.6% from the current year to sit at around 4.05 MMT. Local production will rise by more than a third to 34k MMT.<\/p>\n<p><strong>US-origin soybeans are leading our imports: <\/strong>Our US-origin soybean imports make up 72.2% of our imports, with the report citing a dramatic increase between MY2016-2017 and MY2020-21.<\/p>\n<p><strong>What do we need all these beans for? <\/strong>Soybeans <a href=\"https:\/\/ncsoy.org\/media-resources\/uses-of-soybeans\/\">form the basis of poultry feed<\/a>, among several other uses.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gasc\/\">GASC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia-ukraine-conflict\/\">Russia-Ukraine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/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=\"545860\" 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=\"545860\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/abu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment\/\">\r\n                            Abu Dhabi sovereign fund confirms blockbuster EGX stake buys + Could Abu Auf be next in line for ADX investment?                        <\/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\/04\/14\/abu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment\/\" 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\/04\/14\/abu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment\/')\">\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\/04\/14\/abu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment\/\">\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=Abu Dhabi sovereign fund confirms blockbuster EGX stake buys + Could Abu Auf be next in line for ADX investment?&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/abu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment\/\">\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\/04\/14\/abu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment\/&title=Abu Dhabi sovereign fund confirms blockbuster EGX stake buys + Could Abu Auf be next in line for ADX investment?\">\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=Abu+Dhabi+sovereign+fund+confirms+blockbuster+EGX+stake+buys+%2B+Could+Abu+Auf+be+next+in+line+for+ADX+investment%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fabu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment%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\/04\/14\/abu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545860\" class=\"content-area-description single-story post-545860 post type-post status-publish format-standard hentry category-ma-watch tag-abu-auf tag-abu-dhabi tag-adx tag-egx tag-enterpriseam tag-ma-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-03\"><\/a> <strong>ADQ speaks on EGX acquisitions:<\/strong> Abu Dhabi wealth fund ADQ has confirmed its acquisition of stakes in five EGX-listed companies this week, saying in <a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/adq-invests-in-several-transactions-in-egypt\/\">a statement<\/a> yesterday that the move reflects its \u201ccontinued confidence in Egypt\u2019s strong economic potential.\u201d The fund <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b4a11664-2159-45ba-ba2f-bf0d3dfd3978\">acquired shares<\/a> in CIB, Fawry, Abu Qir Fertilizers, Mopco, and Alexandria Container & Cargo Handling for around USD 1.8 bn as part of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b620f717-d83d-4c48-906c-a85dca2eff2a\">an agreement<\/a> reached last month to provide Egypt with emergency liquidity in response to the fallout from the Ukraine conflict.<\/p>\n<p><strong>ADVISORY-<\/strong> Matouk Bassiouny & Hennawy acted as legal counsel to ADQ in the transaction, the law firm <a href=\"https:\/\/ent.news\/2022\/4\/Press-Release-MBH-advises-ADQ-on-the-largest-Egyptian-MA-transaction-to-Date-13-April-2022.pdf\">said (pdf)<\/a> yesterday.<\/p>\n<p><strong>WATCH THIS SPACE- Is Abu Auf next in line? <\/strong>Agthia, the ADQ food subsidiary that acquired Ismailia, is in talks with Abu Auf\u2019s parent company AUF on a potential stake sale, Al Borsa reports, citing unnamed sources. The potential transaction is connected with AUF\u2019s<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98bcedd8-3687-4806-9a48-9efe1527cb04\">plans to list as much as 49%<\/a> of its shares on the EGX \u2014 which we had been expecting sometime this quarter \u2014 in an IPO quarterbacked by EFG Hermes, the newspaper claims. We know that ADQ is also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7db46eae-b7d1-4b4b-8b2f-83a473b0aed7\">targeting unlisted firms<\/a> as part of its USD 2 bn investment push. Agthia in early March <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4521ef8b-30e6-4cc8-a35c-62d6cc5efc6f\">reiterated<\/a> that it is pursuing further acquisitions in Egypt\u2019s frozen meat and fast food industries.<\/p>\n<p><strong>Our friends at Abu Auf are tight-lipped:<\/strong> \u201cThe company is continuously studying growth options to offer the best possible experience for our loyal clients, ensure our strong brand reaches the widest possible base of consumers in Egypt and the MENA region, and maximize value for our shareholders,\u201d CEO Ahmed Auf told Enterprise in a statement. \u201cThe company intends to maintain its policy of not commenting on market rumors or speculation and will disclose any relevant corporate action as and when necessary.\u201d<\/p>\n<p><strong>And IPO plans aren\u2019t set in stone: <\/strong>Abu Auf\u2019s IPO plans are one of \u201ca number of value creation alternatives\u201d under study, none of which has reached an advanced stage, Auf said, adding that he could not comment on the timing of any potential listing as board-level discussions are ongoing.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abu-auf\/\">Abu Auf<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ma-watch\/\">M&amp;A 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=\"545861\" 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=\"545861\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/rasmala-sees-15-inflation-2x-rate-hikes-by-july-and-really-likes-our-carry-trade\/\">\r\n                            Rasmala sees 15% inflation, 2x rate hikes by July \u2014 and really likes our carry trade                        <\/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\/04\/14\/rasmala-sees-15-inflation-2x-rate-hikes-by-july-and-really-likes-our-carry-trade\/\" 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\/04\/14\/rasmala-sees-15-inflation-2x-rate-hikes-by-july-and-really-likes-our-carry-trade\/')\">\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\/04\/14\/rasmala-sees-15-inflation-2x-rate-hikes-by-july-and-really-likes-our-carry-trade\/\">\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=Rasmala sees 15% inflation, 2x rate hikes by July \u2014 and really likes our carry trade&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/rasmala-sees-15-inflation-2x-rate-hikes-by-july-and-really-likes-our-carry-trade\/\">\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\/04\/14\/rasmala-sees-15-inflation-2x-rate-hikes-by-july-and-really-likes-our-carry-trade\/&title=Rasmala sees 15% inflation, 2x rate hikes by July \u2014 and really likes our carry trade\">\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=Rasmala+sees+15%25+inflation%2C+2x+rate+hikes+by+July+%E2%80%94+and+really+likes+our+carry+trade+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Frasmala-sees-15-inflation-2x-rate-hikes-by-july-and-really-likes-our-carry-trade%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\/04\/14\/rasmala-sees-15-inflation-2x-rate-hikes-by-july-and-really-likes-our-carry-trade\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/246.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545862\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/rasmala-sees-15-inflation-2x-rate-hikes-by-july-and-really-likes-our-carry-trade\/246-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/246.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"246.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/246.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/246.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545861\" class=\"content-area-description single-story post-545861 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-devaluation tag-doug-bitcon tag-economy tag-enterpriseam tag-inflation tag-interest-rates tag-rasmala-investment-bank 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>15% inflation + two more rate hikes by July?<\/strong> That\u2019s the prognosis given by Doug Bitcon, head of credit strategies at Dubai-based investment bank Rasmala, who told Bloomberg TV (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2022-04-13\/rasmala-s-bitcon-on-inflation-in-egypt-gulf-video\">watch, runtime: 4:25<\/a>) yesterday that rising food prices are a \u201cbig issue\u201d for Egypt as we look to simultaneouly shore up our external position and secure new supplies of wheat. \u201cWe\u2019re going to see inflation top out at around 15%,\u201d he said, adding that the EGP devaluation is going to compound upward pressures on prices.<\/p>\n<p><strong>Reminder #1<\/strong><strong>- Annual urban inflation <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ed1c340-3127-46cd-ad85-578f9a72874f\">rose to 10.5%<\/a><\/strong><strong> in March<\/strong> \u2014 its highest level in almost three years \u2014 as spillover effects from the conflict in Ukraine continued to hit the Egyptian economy. The headline rate was driven by food prices, which accelerated at their quickest rate since October 2018, reaching 19.8% from 17.6% in February. Analysts differ on when inflation will likely peak, with CI Capital forecasting a peak near 12.5% in April, while Al Ahly Pharos expects price hikes to continue into the summer, peaking near 12% in August.<\/p>\n<p><strong>Reminder #2- Russia and Ukraine before the war accounted for more than 80% of our wheat supplies.<\/strong> We have lots more on that in the Commodities section, above.<\/p>\n<p><strong>More rate hikes coming:<\/strong> \u201cWe expect at least another 1% increase in interest rates in May, and another 1% in July,\u201d Bitcon said, adding that Egypt\u2019s all-important carry trade has been \u201cvery [lucrative]\u201d in the past, and that there still is hope. \u201c<strong>If you\u2019re thinking to convert into EGP at the higher exchange rate, you don't have that exchange risk and you get that positive carry<\/strong>,\u201d he noted.<\/p>\n<p><strong>The Central Bank of Egypt <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b55986a-5bf0-4548-a969-7607bcf4f50e\">raised rates by 100 bps<\/a><\/strong><strong> in March<\/strong> and simultaneously allowed the EGP to fall against the USD, a move Bitcon said was designed to get the \u201cportfolio flows flowing back in.\u201d FX reserves <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1081735e-da66-4ffd-a584-d44e361d6b8c\">fell by USD 4 bn last month<\/a> as the central bank moved to cover what it called \u201csubstantial foreign investor outflows\u201d and purchase strategic goods. The CBE will next meet to review interest rates on 19 May.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/devaluation\/\">devaluation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/doug-bitcon\/\">Doug Bitcon<\/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\/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\/rasmala-investment-bank\/\">Rasmala Investment Bank<\/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=\"545863\" 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=\"545863\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/health-startup-rology-raises-undisclosed-pre-series-a-funding-kemitt-launches-b2b-marketplace\/\">\r\n                            Health startup Rology raises undisclosed pre-series A funding + Kemitt launches B2B marketplace                        <\/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\/04\/14\/health-startup-rology-raises-undisclosed-pre-series-a-funding-kemitt-launches-b2b-marketplace\/\" 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\/04\/14\/health-startup-rology-raises-undisclosed-pre-series-a-funding-kemitt-launches-b2b-marketplace\/')\">\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\/04\/14\/health-startup-rology-raises-undisclosed-pre-series-a-funding-kemitt-launches-b2b-marketplace\/\">\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=Health startup Rology raises undisclosed pre-series A funding + Kemitt launches B2B marketplace&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/health-startup-rology-raises-undisclosed-pre-series-a-funding-kemitt-launches-b2b-marketplace\/\">\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\/04\/14\/health-startup-rology-raises-undisclosed-pre-series-a-funding-kemitt-launches-b2b-marketplace\/&title=Health startup Rology raises undisclosed pre-series A funding + Kemitt launches B2B marketplace\">\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=Health+startup+Rology+raises+undisclosed+pre-series+A+funding+%2B+Kemitt+launches+B2B+marketplace+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fhealth-startup-rology-raises-undisclosed-pre-series-a-funding-kemitt-launches-b2b-marketplace%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\/04\/14\/health-startup-rology-raises-undisclosed-pre-series-a-funding-kemitt-launches-b2b-marketplace\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/249.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545864\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/health-startup-rology-raises-undisclosed-pre-series-a-funding-kemitt-launches-b2b-marketplace\/249-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/249.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"249.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/249.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/249.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545863\" class=\"content-area-description single-story post-545863 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-egypt-ventures tag-el-dokan tag-enterpriseam tag-kemitt-business tag-quickride tag-rology tag-sequence-ventures tag-startup-watch tag-tawaref tag-victoria-ventures tag-waseel 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>Teleradiology platform <\/strong><strong><a href=\"https:\/\/rology.health\/\">Rology<\/a><\/strong><strong> has raised <\/strong><strong>pre-series A funding<\/strong> <strong>round<\/strong>, it said in a <a href=\"https:\/\/ent.news\/2022\/4\/Rology-Closes-Pre-Series-A-Funding-Round.pdf\">press release (pdf<\/a> yesterday. The round was led by <a href=\"https:\/\/egyptventures.com\/\">Egypt Ventures<\/a>, and featured participation from <a href=\"https:\/\/www.facebook.com\/sequenceventures\/\">Sequence Ventures<\/a>, Saudi Arabia\u2019s <a href=\"https:\/\/waseel.com\/\">Waseel<\/a> and <a href=\"http:\/\/www.tawaref.com\/\">Tawaref<\/a>, and Kenya\u2019s <a href=\"https:\/\/vc4a.com\/viktoria-ventures\/\">Viktoria Ventures<\/a>. Egypt Ventures did not respond to two requests that it specify the size of the round.<\/p>\n<p><strong>About Rology:<\/strong> Founded in 2017, Rology is a teleradiology platform that connects healthcare providers and hospitals with radiologists, matching them with cases based on expertise and availability. The platform automatically matches scans with the relevant radiologist, enabling diagnosis within 24 hours of the scan, which under normal circumstances could take up to three weeks. It was among our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/364d2502-d895-40bb-b107-13087807c555\">healthtech startups to watch last year<\/a>.<\/p>\n<p><strong>How the funding will be deployed:<\/strong> Rology will use the money to support its expansion strategy in the Middle East and Africa, it said.<\/p>\n<p><strong>This isn\u2019t the company\u2019s first funding round:<\/strong> Rology <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2694c0f-d33f-4eae-b9fd-693a6a14c19c\">raised USD 860k<\/a> from HIMangel, Dubai Angel Investors, Asia Africa Investment & Consulting, and Saudi\u2019s Athaal Group in a pre-series A round in 2020. The company has also received investment from <a href=\"https:\/\/www.cubit.vc\/\">Cubit Ventures<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Egypt-based e-commerce startup <\/strong><strong><a href=\"https:\/\/www.kemitt.com\/ar-eg\/\">Kemitt<\/a><\/strong><strong> has launched a new <\/strong><strong><a href=\"https:\/\/kemitt.business\/\">B2B marketplace<\/a><\/strong> selling furniture, home accessories, and raw materials to interior designers, contractors and other businesses, it said in a <a href=\"https:\/\/ent.news\/2022\/4\/Kemitt-launches-new-B2B-platform.pdf\">press release (pdf)<\/a> this week. The online platform connects businesses with over 400 suppliers, and allows businesses to request quotations as well as access flexible payment plans, according to the statement.<\/p>\n<p><strong>About the company:<\/strong> Founded in 2017, Kemitt operates an online B2C furniture marketplace featuring more than 30k products. The company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4dc37828-325b-4cbd-b544-607f3ee861c6\">raised undisclosed investment<\/a> from Saudi Angels in 2021.<\/p>\n<p><strong>ALSO FROM PLANET STARTUP- <\/strong><\/p>\n<p><strong>Cairo-based e-commerce platform <\/strong><strong><a href=\"https:\/\/el-dokan.com\/\">El Dokan<\/a><\/strong><strong> was among the two startups chosen in P&G <\/strong><strong>Egypt\u2019s MEA Innovation Challenge<\/strong>, Unbox, according to a <a href=\"https:\/\/ent.news\/2022\/4\/Press-Release-Procter-Gamble-Egypt-launches-Unbox-Innovation-Challenge.pdf\">press release (pdf)<\/a>. The Egyptian app and India\u2019s carpooling network <a href=\"https:\/\/quickride.in\/\">QuickRide<\/a> were named victors of the competition after being selected out of 52 startups. They will now work with P&G Egypt to solve some of its key operational challenges in Egypt. Passing the evaluation phase will see the companies awarded a pilot project to test their solutions.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-ventures\/\">Egypt Ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/el-dokan\/\">El Dokan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kemitt-business\/\">Kemitt Business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/quickride\/\">QuickRide<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rology\/\">Rology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sequence-ventures\/\">Sequence Ventures<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tawaref\/\">Tawaref<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/victoria-ventures\/\">Victoria Ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/waseel\/\">Waseel<\/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=\"545865\" 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=\"545865\">\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\">Fintech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/opay-lands-cbe-approval-to-issue-pre-paid-cards\/\">\r\n                            OPay lands CBE approval to issue pre-paid cards                        <\/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\/04\/14\/opay-lands-cbe-approval-to-issue-pre-paid-cards\/\" 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\/04\/14\/opay-lands-cbe-approval-to-issue-pre-paid-cards\/')\">\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\/04\/14\/opay-lands-cbe-approval-to-issue-pre-paid-cards\/\">\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=OPay lands CBE approval to issue pre-paid cards&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/opay-lands-cbe-approval-to-issue-pre-paid-cards\/\">\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\/04\/14\/opay-lands-cbe-approval-to-issue-pre-paid-cards\/&title=OPay lands CBE approval to issue pre-paid cards\">\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=OPay+lands+CBE+approval+to+issue+pre-paid+cards+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fopay-lands-cbe-approval-to-issue-pre-paid-cards%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\/04\/14\/opay-lands-cbe-approval-to-issue-pre-paid-cards\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/252.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545866\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/opay-lands-cbe-approval-to-issue-pre-paid-cards\/252-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/252.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"252.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/252.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/252.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545865\" class=\"content-area-description single-story post-545865 post type-post status-publish format-standard has-post-thumbnail hentry category-fintech tag-enterpriseam tag-fintech tag-opay tag-pre-paid-cards wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>CBE gives OPay greenlight to issue pre-paid cards:<\/strong> China-backed fintech player OPay has received preliminary approval from the Central Bank of Egypt (CBE) to issue pre-paid cards in partnership with Masria Digital Payments (MDP), the company said in a <a href=\"https:\/\/ent.news\/2022\/4\/%D8%B4%D8%B1%D9%83%D8%A9-OPay-%D8%AA%D8%AD%D8%B5%D9%84-%D8%B9%D9%84%D9%89-%D9%85%D9%88%D8%A7%D9%81%D9%82%D8%A9-%D9%85%D8%A8%D8%AF%D8%A6%D9%8A%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%84%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D8%A8%D8%B7%D8%A7%D9%82%D8%A7%D8%AA-%D9%85%D8%B3%D8%A8%D9%82%D8%A9-%D8%A7%D9%84%D8%AF%D9%81%D8%B9.pdf\">press release (pdf)<\/a>. OPay expects to issue some 200k cards in the first phase of its rollout, the company\u2019s director of business development and partnership for Egypt and North Africa, Mahmoud Khedr, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/773c060f-4e62-4f1e-9b99-cd01b5e8037b\">told Enterprise recently<\/a>.<\/p>\n<p><strong>OPay launched in Egypt last year<\/strong> and currently has tens of thousands of points of sale (POS) across the country, processing mns of transactions per month. It was <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-23\/softbank-bets-on-fintech-startup-opay-at-2-billion-valuation?sref=mmeFTDW1\">backed by SoftBank\u2019s Vision 2 fund<\/a> in a USD 400 mn funding round that valued it at USD 2 bn.<\/p>\n<p><strong>OPay has big plans for Egypt: <\/strong>The fintech outfit plans to join the CBE\u2019s new digital payment app, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/16f68b1b-62fc-4d71-a4bd-a75a9f1648fb\">InstaPay<\/a>, and is also in talks with an unnamed local bank for a new payment facilitator license. The company is also gearing up to launch a new service in Egypt in 3Q2022, which would be a \u201cfirst for the MENA region.\u201d This will come as part of its wider expansion in Egypt, which will include opening more branches and using the country as a \u201ccenter\u201d for its service operations in the MENA region.<\/p>\n<p><em>EDITOR'S NOTE- This story was amended on 14 April, 2022, to reflect that OPay is China-backed. The story originally said the fintech player is based in Nigeria.<\/em><\/p>\n<p><strong>IN OTHER FINTECH NEWS-<\/strong><\/p>\n<p><strong>NBE gets a PayFac license to partner with Geidea on e-payments: <\/strong>State-owned National Bank of Egypt (NBE) has received a payments facilitator license allowing it to partner with Saudi SME fintech player <a href=\"https:\/\/geidea.net\/merchants\/en\/\">Geidea<\/a> to launch digital payments services including contactless and QR-code enabled payments, according to a <a href=\"https:\/\/ent.news\/2022\/4\/NBE-Gaida-PR.pdf\">press release (pdf)<\/a>. Geidea has reportedly signed a similar agreement with Banque Misr, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9776cae3-d560-4d53-b6ae-1c5480acbb8d\">we noted<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9776cae3-d560-4d53-b6ae-1c5480acbb8d\">previously<\/a>.<\/p>\n<p><strong>What\u2019s PayFac?<\/strong> <a href=\"https:\/\/www.pymnts.com\/news\/payment-methods\/2016\/nmi-payment-facilitator\/\">Payment facilitators<\/a> say they offer businesses an easier route to accepting card payments by including them under a \u201cmaster merchant account\u201d \u2014 saving them the time and effort of having to get approvals for an individual account. Payfacs help get merchants ready to process payments in hours \u2014 as opposed to days or weeks for the traditional route, which goes through banks directly on a 1:1 basis. Payfacs say this spares their clients from dealing with harder-to-navigate bank bureaucracies.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/opay\/\">OPay<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pre-paid-cards\/\">pre-paid cards<\/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=\"545867\" 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=\"545867\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/govt-to-offer-19-desalination-projects-to-private-sector-partners\/\">\r\n                            Gov\u2019t to offer 19 desalination projects to private-sector partners                        <\/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\/04\/14\/govt-to-offer-19-desalination-projects-to-private-sector-partners\/\" 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\/04\/14\/govt-to-offer-19-desalination-projects-to-private-sector-partners\/')\">\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\/04\/14\/govt-to-offer-19-desalination-projects-to-private-sector-partners\/\">\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=Gov\u2019t to offer 19 desalination projects to private-sector partners&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/govt-to-offer-19-desalination-projects-to-private-sector-partners\/\">\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\/04\/14\/govt-to-offer-19-desalination-projects-to-private-sector-partners\/&title=Gov\u2019t to offer 19 desalination projects to private-sector partners\">\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=Gov%E2%80%99t+to+offer+19+desalination+projects+to+private-sector+partners+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fgovt-to-offer-19-desalination-projects-to-private-sector-partners%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\/04\/14\/govt-to-offer-19-desalination-projects-to-private-sector-partners\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/253.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545868\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/govt-to-offer-19-desalination-projects-to-private-sector-partners\/253-jpg-69\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/253.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"253.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/253.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/253.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545867\" class=\"content-area-description single-story post-545867 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-enterpriseam tag-housing-ministry tag-infrastructure tag-water 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-07\"><\/a><strong> Nineteen water desalination projects will soon be up for grabs: <\/strong>The government will offer nineteen water desalination projects with a combined production capacity of 3.3 mn cubic meters\/day for the private sector to bid on soon, Assem Shukr, vice-president of the state-owned Holding Company for Drinking Water and Sanitation, told Enterprise.<\/p>\n<p><strong>The combined investment outlay on the plants is EGP 72 bn, <\/strong>Shukr said. They are set to be implemented through public-private partnerships (PPPs) and the government is currently working on developing the condition booklets for the projects.<\/p>\n<p><strong>In detail: <\/strong>The Housing Ministry, the New Urban Communities Authority (NUCA) and the Armed Forces Engineering Authority will offer the projects in three stages, prioritizing those in coastal governorates. The tenders will be launched after the authorities finalize the legal procedures allocating the land for the plants, Shukr said, adding that the process would be conducted in a fully transparent manner.<\/p>\n<p><strong>About 70 foreign and local companies have expressed interest in taking part in the state\u2019s <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/64f6386d-108e-41cd-872e-ace09bcbf196\">desalination strategy<\/a><\/strong>, Shukr said, adding that the government will prioritize companies that help localize manufacturing for desalination plant parts. He added that the list includes local companies with previous experience in establishing desalination plants, in addition to European, American, Japanese, and Korean firms.<\/p>\n<p><strong>We\u2019ve already seen signs of high demand from the private sector:<\/strong> Eleven companies, including Metito Holdings, ACWA Power, Al Nowais, Schneider Electric, and Orascom Construction, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b75b641-bb5e-436c-940d-99f0175103c7\">are reportedly planning to bid<\/a> on PPP desalination projects worth a combined USD 2.8 bn.<\/p>\n<p><strong>Water security is a key priority for Egypt: <\/strong>Threats posed to our water supply by Ethiopia\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eb46348d-7550-4cb5-983d-2b40da01a909\">Grand Ethiopian Renaissance Dam<\/a> and by <a href=\"https:\/\/enterprise.press\/greeneconomys\/green-economy-2021-part-ii\/\">climate change<\/a> have prompted the government to put water at the forefront of its development plans. Egypt last year inaugurated the world\u2019s largest wastewater treatment plant \u2014 the EGP 18 bn <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7bd53455-008b-49a0-860f-1f17c68cea22\">Bahr El Baqar wastewater treatment plant<\/a> \u2014 while the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/937f8328-b0fc-4e1f-84d9-893ddd22fc8f\">El Hammam agricultural wastewater plant<\/a> is currently in the works.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing-ministry\/\">Housing Ministry<\/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\/water\/\">water<\/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=\"545869\" 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=\"545869\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/real-estate-brokers-prepare-for-regulatory-scrutiny\/\">\r\n                            Real estate brokers, prepare for regulatory scrutiny                        <\/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\/04\/14\/real-estate-brokers-prepare-for-regulatory-scrutiny\/\" 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\/04\/14\/real-estate-brokers-prepare-for-regulatory-scrutiny\/')\">\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\/04\/14\/real-estate-brokers-prepare-for-regulatory-scrutiny\/\">\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=Real estate brokers, prepare for regulatory scrutiny&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/real-estate-brokers-prepare-for-regulatory-scrutiny\/\">\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\/04\/14\/real-estate-brokers-prepare-for-regulatory-scrutiny\/&title=Real estate brokers, prepare for regulatory scrutiny\">\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=Real+estate+brokers%2C+prepare+for+regulatory+scrutiny+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Freal-estate-brokers-prepare-for-regulatory-scrutiny%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\/04\/14\/real-estate-brokers-prepare-for-regulatory-scrutiny\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/255.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545870\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/real-estate-brokers-prepare-for-regulatory-scrutiny\/255-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/255.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"255.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/255.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/255.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545869\" class=\"content-area-description single-story post-545869 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-abdel-fattah-el-sisi tag-enterpriseam tag-legislation tag-legislation-watch tag-real-estate-broker 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-08\"><\/a> <strong>Real estate brokers are now set to face more regulatory scrutiny<\/strong> after President Abdel Fattah El Sisi ratified amendments to the law regulating commercial and real estate brokerage, according to a decree published in the <a href=\"https:\/\/ent.news\/2022\/4\/569703792-%D8%A7%D9%84%D8%B9%D8%AF%D8%AF-14-%D9%85%D9%83%D8%B1%D8%B1-%D8%AC-%D9%85%D8%A4%D9%85%D9%86.pdf\">Official Gazette (pdf)<\/a> yesterday. The changes would see an electronic registry set up for licensed brokers, set rules for their activities, and regulate the fees they charge (as well as how those fees are collected). The amendments come as part of government efforts to regulate a sector that often flies below the radar of the formal economy, and to clamp down on fraud and money laundering.<\/p>\n<p><strong>Brokers that violate the regulations will face penalties <\/strong>under the new amendments, including fines ranging anywhere between EGP 50k and EGP 1 mn, jail terms of up to two years, and a two-year suspension of their practice.<\/p>\n<p><strong>AND HERE\u2019S AN IDEA- How about also making it illegal for brokers to robocall us all <\/strong>6.02x10^23 per day asking if we want to buy real estate?<\/p>\n<p><strong>El Sisi signed a number of other bills into law: <\/strong><\/p>\n<ul>\n<li>A law amending provisions of the <strong>NGO Law<\/strong> which gives civil society organizations another year to comply with the legislation\u2019s requirements;<\/li>\n<li>A law amending some articles in the <strong>illegal migration act<\/strong> that toughen jail terms and increase fines for human traffickers;<\/li>\n<li>A law regulating the <strong>use and handling of ships<\/strong>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-broker\/\">Real estate broker<\/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=\"545871\" 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=\"545871\">\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\">Kudos<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/tourism-ministry-campaign-gets-traction-companies-do-good-during-ramadan\/\">\r\n                            Tourism ministry campaign gets traction, companies do good during Ramadan                        <\/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\/04\/14\/tourism-ministry-campaign-gets-traction-companies-do-good-during-ramadan\/\" 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\/04\/14\/tourism-ministry-campaign-gets-traction-companies-do-good-during-ramadan\/')\">\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\/04\/14\/tourism-ministry-campaign-gets-traction-companies-do-good-during-ramadan\/\">\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=Tourism ministry campaign gets traction, companies do good during Ramadan&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/tourism-ministry-campaign-gets-traction-companies-do-good-during-ramadan\/\">\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\/04\/14\/tourism-ministry-campaign-gets-traction-companies-do-good-during-ramadan\/&title=Tourism ministry campaign gets traction, companies do good during Ramadan\">\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=Tourism+ministry+campaign+gets+traction%2C+companies+do+good+during+Ramadan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Ftourism-ministry-campaign-gets-traction-companies-do-good-during-ramadan%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\/04\/14\/tourism-ministry-campaign-gets-traction-companies-do-good-during-ramadan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545871\" class=\"content-area-description single-story post-545871 post type-post status-publish format-standard hentry category-kudos tag-enterpriseam tag-infrastructure tag-insurance tag-kudos tag-logistics tag-ramadan tag-ride-hailing tag-uber wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The new national tourism campaign #FollowTheSun is generating results: <\/strong>In the two weeks after its mid-March release, the campaign has driven a 102% increase in Google searches for vacations to Egypt and reached more than 26 mn users in target markets including the United Kingdom, the United States, Germany, Italy, and France, according to a <a href=\"https:\/\/ent.news\/2022\/4\/TourismMinistry_FollowTheSun.pdf\">Tourism Ministry statement (pdf)<\/a>. The campaign is also in heavy rotation on CNN International. The government is targeting high-value tourism markets after the collapse of the Red Sea package tour market on the back of Russia\u2019s invasion of Ukraine. Ukrainian and Russian tourists were mainstays of that market prior to the war. <strong><a href=\"https:\/\/www.youtube.com\/watch?v=9D9mnVJZkwI\">You can watch the main campaign copy here<\/a><\/strong><a href=\"https:\/\/www.youtube.com\/watch?v=9D9mnVJZkwI\">(runtime: 1:48).<\/a><\/p>\n<p><strong>Adr\u00e8re Amellal, an eco-lodge in the Siwa Oasis<\/strong>, was named among Travel + Leisure\u2019s four <strong><a href=\"https:\/\/www.travelandleisure.com\/travel-tips\/responsible-travel\/global-vision-awards\/sustainable-architecture-and-infrastructure-2022\">sustainable architecture and infrastructure projects worth planning a trip around<\/a><\/strong>. The sustainable compound is a project backed by <a href=\"https:\/\/www.eqi.com.eg\/\">Environment Quality International<\/a>, a business investing in sustainable developments, founded by conservationist Mounir Neamatalla.<\/p>\n<p><strong>The Sixth of October dry port has been named the best transport agreement of <\/strong><strong>the year in MENA by infrastructure journal <\/strong><strong><a href=\"https:\/\/www.ijglobal.com\/articles\/163107\/ijglobal-awards-2021-mena-deal-winners\">IJGlobal<\/a><\/strong>. DP6 will be the first inland port in the country and is Egypt\u2019s first PPP project in the sector. It received <a href=\"https:\/\/www.ebrd.com\/news\/2021\/ebrd-finances-6th-of-october-dry-port-in-egypt-under-ebrd-green-cities-.html\">EUR 25 mn in funding<\/a> from the European Bank for Reconstruction and Development (EBRD) under its Green Cities programme.<\/p>\n<p><strong>Coca-Cola<\/strong> linked up with the <strong>Egyptian Food Bank<\/strong> for its \u201cbites and beats food festival\u201d to distribute excess meals to those in need, according to a <a href=\"https:\/\/ent.news\/2022\/4\/Bites-Beats-Festival-PRL-EN.pdf\">press release (pdf)<\/a>.<\/p>\n<p>Electronics retailer <strong>B.TECH<\/strong>\u00a0is working with the charity to distribute 10k Ramadan food boxes, according to a <a href=\"https:\/\/ent.news\/2022\/4\/Press-Release-10000-families-with-Ramadan-Boxes-from-B.TECH-in-partnership-with-the-Egyptian-Food-Bank.docx.pdf\">press release (pdf)<\/a><\/p>\n<p><strong>A number of AUC\u2019s student clubs and organizations have been giving back to the <\/strong><strong>community this Ramadan: <\/strong>The student-led initiatives include organizing a shopping day for orphans to get Eid outfits, setting up a water system for a community, and distributing Ramadan packs, according to a <a href=\"https:\/\/ent.news\/2022\/4\/Students-Giving-in-Ramadan-En.pdf\">press release (pdf)<\/a>.<\/p>\n<p><strong>Uber and AXA are giving out helmets to scooter drivers: <\/strong>Uber and insurer AXA Egypt will distribute thousands of helmets to the app\u2019s active scooter drivers without charge, to help reduce motorcycle-related injuries, the companies announced in a <a href=\"https:\/\/ent.news\/2022\/4\/Press-Release-Uber-AXA-Egypt-expand-safety-partnership-to-distribute-free-helmets-to-Scooter-drivers.docx.pdf\">statement (pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ramadan\/\">Ramadan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ride-hailing\/\">ride-hailing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uber\/\">Uber<\/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=\"545872\" 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=\"545872\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/545872\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545872\" class=\"content-area-description single-story post-545872 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\/2022\/3\/the-estate-sodic-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545873\" 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=\"545873\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/04\/14\/last-nights-talk-shows-soaring-steel-prices-arent-fair-cairo-chamber-of-commerce\/\">\r\n                            Last Night\u2019s Talk Shows: Soaring steel prices aren\u2019t \u201cfair\u201d -Cairo Chamber of Commerce                        <\/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\/04\/14\/last-nights-talk-shows-soaring-steel-prices-arent-fair-cairo-chamber-of-commerce\/\" 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\/04\/14\/last-nights-talk-shows-soaring-steel-prices-arent-fair-cairo-chamber-of-commerce\/')\">\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\/04\/14\/last-nights-talk-shows-soaring-steel-prices-arent-fair-cairo-chamber-of-commerce\/\">\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=Last Night\u2019s Talk Shows: Soaring steel prices aren\u2019t \u201cfair\u201d -Cairo Chamber of Commerce&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/last-nights-talk-shows-soaring-steel-prices-arent-fair-cairo-chamber-of-commerce\/\">\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\/04\/14\/last-nights-talk-shows-soaring-steel-prices-arent-fair-cairo-chamber-of-commerce\/&title=Last Night\u2019s Talk Shows: Soaring steel prices aren\u2019t \u201cfair\u201d -Cairo Chamber of Commerce\">\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=Last+Night%E2%80%99s+Talk+Shows%3A+Soaring+steel+prices+aren%E2%80%99t+%E2%80%9Cfair%E2%80%9D+-Cairo+Chamber+of+Commerce+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Flast-nights-talk-shows-soaring-steel-prices-arent-fair-cairo-chamber-of-commerce%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\/04\/14\/last-nights-talk-shows-soaring-steel-prices-arent-fair-cairo-chamber-of-commerce\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545873\" class=\"content-area-description single-story post-545873 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-cement tag-commodities tag-construction tag-enterpriseam tag-last-nights-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>What\u2019s a fair price for steel? <\/strong>A \u201cfair\u201d price for steel would be between EGP 15k-17k per tonne rather than the current EGP 21k\/tonne, head of the Cairo Chamber of Commerce\u2019s Building Materials Division Ahmed El Zeiny told Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=WqxBHG2zIxY\">watch, runtime: 8:06<\/a>). He blamed a lack of regulation for the price hikes, claiming that four steel producers have a \u201cmonopoly\u201d on the market. Head of parliament\u2019s industry committee Moataz Mahmoud gave Yahdoth Fi Masr his two cents on the issue (<a href=\"https:\/\/www.youtube.com\/watch?v=i53C_ZrX6ag\">watch, runtime: 6:35<\/a>).<\/p>\n<p><strong>Why were the talking heads talking steel prices? Prime Minister Mostafa Madbouly <\/strong><strong>stressed the need to maintain fair prices<\/strong> in a meeting with iron, steel and cement manufacturers yesterday, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380107570826336\">statement<\/a>. The government is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aea1e159-928e-47af-babe-977dc5400530\">eyeing more support<\/a> for contractors as the war in Ukraine paired with the EGP devaluation sends <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc70339c-e46a-41d1-8d32-4dbfe09a6050\">materials prices soaring<\/a>, squeezing developers\u2019 margins and threatening project completion timelines.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cement\/\">cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545874\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-rbqqm95\" data-v=\"4\" data-block-id=\"rbqqm95\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-rbqqm95-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-rbqqm95-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-nkacdph\" data-v=\"4\" data-block-id=\"nkacdph\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-nkacdph-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-nkacdph-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-v77wm3i\" data-v=\"4\" data-block-id=\"v77wm3i\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-v77wm3i-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-v77wm3i-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-k2mr1g7\" data-v=\"4\" data-block-id=\"k2mr1g7\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-k2mr1g7-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-k2mr1g7-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545875\" 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=\"545875\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/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\/04\/14\/egypt-in-the-news-aswan-road-crash-kills-ten-people\/\">\r\n                            Egypt In The News: Aswan road crash kills ten people                        <\/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\/04\/14\/egypt-in-the-news-aswan-road-crash-kills-ten-people\/\" 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\/04\/14\/egypt-in-the-news-aswan-road-crash-kills-ten-people\/')\">\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\/04\/14\/egypt-in-the-news-aswan-road-crash-kills-ten-people\/\">\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 In The News: Aswan road crash kills ten people&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/egypt-in-the-news-aswan-road-crash-kills-ten-people\/\">\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\/04\/14\/egypt-in-the-news-aswan-road-crash-kills-ten-people\/&title=Egypt In The News: Aswan road crash kills ten people\">\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+In+The+News%3A+Aswan+road+crash+kills+ten+people+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fegypt-in-the-news-aswan-road-crash-kills-ten-people%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\/04\/14\/egypt-in-the-news-aswan-road-crash-kills-ten-people\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545875\" class=\"content-area-description single-story post-545875 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-naqla tag-nfts tag-tourism tag-traffic-accidents wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Ten people were killed in a road crash yesterday near Aswan, including four <\/strong><strong>French tourists and one Belgian<\/strong> national when a truck collided with a tourist bus on a highway. Fourteen other tourists were taken to the hospital following the accident, the Health Ministry said in a <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/310124951298726?amp%3B__tn__=%2CO%2CP-R\">statement<\/a>. All those injured are in a stable condition, Health Ministry Spokesperson Hossam Abdel Gaffar told Ala Mas\u2019ouleety (<a href=\"https:\/\/www.youtube.com\/watch?v=yEP_7_aJxzA\">watch, runtime: 3:46<\/a>). The incident comes just days after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e31b0ad-f7c9-49e1-905f-ef10ee6805d9\">several Polish tourists lost their lives<\/a> in a road accident on the Red Sea highway. The story is all over the international press, including: <a href=\"https:\/\/apnews.com\/article\/middle-east-egypt-africa-nile-river-belgium-27c56ae027502e8ae240b7dcfbe61a12\">AP<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/10-killed-egypt-bus-crash-including-french-belgian-nationals-governor-2022-04-13\/\">Reuters<\/a> | <a href=\"https:\/\/www.france24.com\/en\/live-news\/20220413-four-french-one-belgian-among-10-dead-in-egypt-bus-crash-governor\">AFP<\/a> | <a href=\"https:\/\/www.thenationalnews.com\/mena\/egypt\/2022\/04\/13\/ten-killed-in-bus-crash-in-egypts-aswan-governor\/\">The National<\/a> | <a href=\"https:\/\/www.cbsnews.com\/news\/egypt-tourist-bus-crash-10-killed\/\">CBS<\/a> | <a href=\"https:\/\/english.news.cn\/20220413\/c7319786bc3f488b806446c3a1399a36\/c.html\">Xinhua<\/a>.<\/p>\n<p><strong>Trucking startup Naqla gets a shoutout<\/strong> for its plans to \u201cdrive digital change In Egypt\u2019s road freight sector.\u201d (<a href=\"https:\/\/www.forbesmiddleeast.com\/innovation\/startups\/transforming-trucking\">Forbes Middle East<\/a>)<\/p>\n<p><strong>Also making headlines: <\/strong><\/p>\n<ul>\n<li><strong>NFTs save Egyptian Gharemaat from jail: <\/strong>Advertising firm <a href=\"https:\/\/www.fcb.com\/\">Horizon FCB Dubai<\/a> created an NFT collection, entitled <a href=\"https:\/\/opensea.io\/collection\/breakchains-with-blockchain\">Breakchains with Blockchain<\/a>, and used the sales to free Egyptian women imprisoned for not being able to pay their debts. Artists designed 16 NFTs that tell each woman's story. (<a href=\"https:\/\/musebycl.io\/digital-data\/nft-sales-free-egyptian-women-jailed-defaulting-loans\">Muse by Clio<\/a>)<\/li>\n<li><strong>Banque Misr<\/strong> has <a href=\"https:\/\/www.bobsguide.com\/2022\/04\/13\/banque-misr-in-egypt-automates-trade-finance-with-finastra\/\">partnered<\/a> with software company <strong><a href=\"https:\/\/www.finastra.com\/\">Finastra<\/a><\/strong> in efforts to digitize its trade finance services.<\/li>\n<li><strong>Swiss prosecutors have dropped an 11-year-old probe into alleged money <\/strong><strong>laundering by the Mubarak family.<\/strong> The attorney general\u2019s office said they had been unable to substantiate the allegations and would release USD 429 mn in frozen assets. <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/swiss-prosecutors-drop-11-year-arab-spring-probe-egyptians-2022-04-13\/\">Reuters<\/a> and <a href=\"https:\/\/apnews.com\/article\/hosni-mubarak-middle-east-egypt-africa-switzerland-43b9a417cbd4ba1b0f7beed4abae64cd\">the AP<\/a> have the story.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/naqla\/\">Naqla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nfts\/\">NFTs<\/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\/traffic-accidents\/\">traffic accidents<\/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=\"545876\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545877\" 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=\"545877\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/speed-medicals-fra-lawsuits-suspended-as-it-mounts-appeal\/\">\r\n                            Speed Medical\u2019s FRA lawsuits suspended as it mounts appeal                        <\/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\/04\/14\/speed-medicals-fra-lawsuits-suspended-as-it-mounts-appeal\/\" 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\/04\/14\/speed-medicals-fra-lawsuits-suspended-as-it-mounts-appeal\/')\">\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\/04\/14\/speed-medicals-fra-lawsuits-suspended-as-it-mounts-appeal\/\">\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=Speed Medical\u2019s FRA lawsuits suspended as it mounts appeal&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/speed-medicals-fra-lawsuits-suspended-as-it-mounts-appeal\/\">\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\/04\/14\/speed-medicals-fra-lawsuits-suspended-as-it-mounts-appeal\/&title=Speed Medical\u2019s FRA lawsuits suspended as it mounts appeal\">\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=Speed+Medical%E2%80%99s+FRA+lawsuits+suspended+as+it+mounts+appeal+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fspeed-medicals-fra-lawsuits-suspended-as-it-mounts-appeal%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\/04\/14\/speed-medicals-fra-lawsuits-suspended-as-it-mounts-appeal\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545877\" class=\"content-area-description single-story post-545877 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-financial-regulatory-authority tag-healthcare tag-speed-medical wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Speed \u200b\u200bMedical (SPMD) appeals FRA lawsuits, to be reviewed on 11 June:<\/strong> Speed Medical <a href=\"https:\/\/ent.news\/2022\/4\/Speed-Medical-FRA-Lawsuits.pdf\">said (pdf)<\/a> yesterday that a Cairo court\u2019s ruling \u2014 issued on April 12 \u2014 on two lawsuits brought against it by the Financial Regulatory Authority (FRA) will be suspended will it appeals the judgment. While SPMD did not disclose the court\u2019s ruling, <a href=\"https:\/\/tinyurl.com\/8n89ruhh\">Al Mal<\/a> claims the company was ordered to pay EGP 20 mn to the Financial Regulatory Authority. The regulator <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/107f1754-dca0-4654-92e9-fd680c3c9d71\">launched legal proceedings<\/a> against the healthcare company last year for undisclosed reasons.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/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\/speed-medical\/\">Speed Medical<\/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=\"545878\" 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=\"545878\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/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\/04\/14\/iea-says-global-oil-demand-set-to-slump-jpmorgan-kicks-off-a-turbulent-earnings-season\/\">\r\n                            IEA says global oil demand set to slump + JPMorgan kicks off a turbulent earnings season                        <\/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\/04\/14\/iea-says-global-oil-demand-set-to-slump-jpmorgan-kicks-off-a-turbulent-earnings-season\/\" 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\/04\/14\/iea-says-global-oil-demand-set-to-slump-jpmorgan-kicks-off-a-turbulent-earnings-season\/')\">\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\/04\/14\/iea-says-global-oil-demand-set-to-slump-jpmorgan-kicks-off-a-turbulent-earnings-season\/\">\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=IEA says global oil demand set to slump + JPMorgan kicks off a turbulent earnings season&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/iea-says-global-oil-demand-set-to-slump-jpmorgan-kicks-off-a-turbulent-earnings-season\/\">\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\/04\/14\/iea-says-global-oil-demand-set-to-slump-jpmorgan-kicks-off-a-turbulent-earnings-season\/&title=IEA says global oil demand set to slump + JPMorgan kicks off a turbulent earnings season\">\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=IEA+says+global+oil+demand+set+to+slump+%2B+JPMorgan+kicks+off+a+turbulent+earnings+season+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fiea-says-global-oil-demand-set-to-slump-jpmorgan-kicks-off-a-turbulent-earnings-season%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\/04\/14\/iea-says-global-oil-demand-set-to-slump-jpmorgan-kicks-off-a-turbulent-earnings-season\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545878\" class=\"content-area-description single-story post-545878 post type-post status-publish format-standard hentry category-planet-finance tag-cryptocurrency tag-earnings tag-energy tag-enterpriseam tag-financial-markets tag-international-energy-agency tag-jpmorgan tag-oil-and-gas 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-11\"><\/a> <strong>IEA cuts forecast for global oil demand \u2014 again: <\/strong>The International Energy Agency (IEA) has revised downwards its oil demand projections for 2022 to 99.4 mn bpd, down 260k bpd from its previous forecast in March, it said in its <a href=\"https:\/\/www.iea.org\/reports\/oil-market-report-april-2022?mode=overview\">monthly report<\/a> yesterday. This comes as lockdowns in China dampen demand and contribute to a \u201cbalance\u201d in the market, aided by the US\u2019 release of emergency oil reserves.<\/p><p><strong>The loss of Russian crude won\u2019t be as bad as previously thought:<\/strong> The IEA expects Russian output to be 1.5 mn bpd lower in April than in March \u2014 around half the decrease previously forecast \u2014 though it did still warn that losses could double to 3 mn bpd in May.<\/p><p><strong>JPMorgan\u2019s bottom line drops 42% y\u2013o-y in Q1:<\/strong> The bank <a href=\"https:\/\/www.jpmorganchase.com\/content\/dam\/jpmc\/jpmorgan-chase-and-co\/investor-relations\/documents\/quarterly-earnings\/2022\/1st-quarter\/c1afebcf-9ba1-44de-97fc-a446d7baf619.pdf\">posted earnings<\/a> of USD 8.3 bn for the quarter, as the sharp drop in dealmaking and Russia-related losses hit its bottom line. Chief exec Jamie Dimon warned in an investor call that a recession could be brewing on the back of high inflation and the war in Ukraine, the <a href=\"https:\/\/www.wsj.com\/articles\/jpmorgans-profit-sinks-42-in-first-quarter-11649848262\">WSJ<\/a> reports. The bank is preparing for just that \u2013 it set aside some USD 900 mn last quarter in case of a coming spike in loan defaults and to cover its exposure to Russian assets.<\/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>10,847<\/p>\n<\/td>\n<td>\n<p>-0.5% (YTD: -9.2%)<\/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>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 18.36<\/p>\n<\/td>\n<td>\n<p>Sell 18.46<\/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>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 18.36<\/p>\n<\/td>\n<td>\n<p>Sell 18.46<\/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>9.25% deposit<\/p>\n<\/td>\n<td>\n<p>10.25% lending<\/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>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>13,540<\/p>\n<\/td>\n<td>\n<p>-0.8% (YTD: +20%)<\/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>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>10,093<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +18.9%)<\/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>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>3,582<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +39.4%)<\/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>4,447<\/p>\n<\/td>\n<td>\n<p>+1.1% (YTD: +6.7%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,581<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +9.2%)<\/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>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td>\n<p>3,828<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: -3.7%)<\/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>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 108.35<\/p>\n<\/td>\n<td>\n<p>-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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 7.04<\/p>\n<\/td>\n<td>\n<p>+0.6%<\/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 1,978<\/p>\n<\/td>\n<td>\n<p>-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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 41,195<\/p>\n<\/td>\n<td>\n<p>+3.2% (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 0.5% at yesterday\u2019s close<\/strong> on turnover of EGP 765 mn (19.7% below the 90-day average). Foreign investors were net sellers. The index is down 9.2% YTD.<\/p><p><strong>In the green: <\/strong>Mopco (+2.5%), EFG Hermes (+1.3%) and ADIB Egypt (+1.2%).<\/p><p><strong>In the red: <\/strong>Fawry (-3.9%), Heliopolis Housing (-3.6%) and Ezz Steel (-2.5%).<\/p><p><strong>Asian markets are up almost across the board in early trading this morning<\/strong> and futures suggest \u2014 for the first time in a long time \u2014 that both Wall Street and the major European indices will be opening in the green later today.<\/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\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-energy-agency\/\">International Energy Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jpmorgan\/\">JPMorgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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<section id=\"545879\" 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=\"545879\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/fm-shoukry-holds-talks-with-us-blinken-in-washington-egypt-plays-host-to-un-backed-libya-talks\/\">\r\n                            FM Shoukry holds talks with US\u2019 Blinken in Washington + Egypt plays host to UN-backed Libya talks                        <\/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\/04\/14\/fm-shoukry-holds-talks-with-us-blinken-in-washington-egypt-plays-host-to-un-backed-libya-talks\/\" 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\/04\/14\/fm-shoukry-holds-talks-with-us-blinken-in-washington-egypt-plays-host-to-un-backed-libya-talks\/')\">\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\/04\/14\/fm-shoukry-holds-talks-with-us-blinken-in-washington-egypt-plays-host-to-un-backed-libya-talks\/\">\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=FM Shoukry holds talks with US\u2019 Blinken in Washington + Egypt plays host to UN-backed Libya talks&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/fm-shoukry-holds-talks-with-us-blinken-in-washington-egypt-plays-host-to-un-backed-libya-talks\/\">\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\/04\/14\/fm-shoukry-holds-talks-with-us-blinken-in-washington-egypt-plays-host-to-un-backed-libya-talks\/&title=FM Shoukry holds talks with US\u2019 Blinken in Washington + Egypt plays host to UN-backed Libya talks\">\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=FM+Shoukry+holds+talks+with+US%E2%80%99+Blinken+in+Washington+%2B+Egypt+plays+host+to+UN-backed+Libya+talks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Ffm-shoukry-holds-talks-with-us-blinken-in-washington-egypt-plays-host-to-un-backed-libya-talks%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\/04\/14\/fm-shoukry-holds-talks-with-us-blinken-in-washington-egypt-plays-host-to-un-backed-libya-talks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545879\" class=\"content-area-description single-story post-545879 post type-post status-publish format-standard hentry category-diplomacy tag-antony-blinken tag-diplomacy tag-enterpriseam tag-human-rights tag-libya tag-sameh-shoukry tag-us 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-09\"><\/a> <strong>FM Shoukry meets with US Secretary of State Blinken: <\/strong>Foreign Minister Sameh Shoukry and his US counterpart Antony J. Blinken held talks in Washington yesterday, according to a Foreign Ministry <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/296719302637923\">statement<\/a>. On the agenda, according to <a href=\"https:\/\/www.state.gov\/secretary-blinkens-meeting-with-egyptian-foreign-minister-shoukry-3\/\">a readout from the State Department<\/a>: The \u201cNegev Process\u201d that has seen Egypt and other Arab countries shore up relations with Israel; the war in Ukraine; fears about global food security; and the peace process in Libya.<\/p>\n<p><strong>The two also discussed human rights, the statement read<\/strong> \u2014 a day after Blinken was quoted by the <a href=\"https:\/\/www.nytimes.com\/2022\/04\/12\/us\/politics\/us-report-human-rights.html\">New York Times<\/a> as criticizing Egypt\u2019s record on political imprisonment as he launched his department\u2019s <a href=\"https:\/\/www.state.gov\/reports\/2021-country-reports-on-human-rights-practices\">latest human rights reports<\/a>. Shoukry and Blinken also expressed their pride in marking the hundredth anniversary of diplomatic relations between the two countries, stressing the strength of the Egypt-US relationship.<\/p>\n<p><strong>Egypt hosts UN-sponsored Libya talks: <\/strong>A Libyan delegation representing the parliament and another representing the High Council of State (HCS) yesterday began a round of talks in Cairo aimed at finding a solution for Libya\u2019s ongoing political crisis, <a href=\"https:\/\/www.reuters.com\/world\/africa\/libyas-rival-governments-start-un-backed-talks-egypt-2022-04-13\/\">Reuters<\/a> reports. The parliamentary delegation represents the new government, while the HCS is against removing the incumbent government and its prime minister Abdul Hamid Dbeibah, whose mandate expired in December.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/antony-blinken\/\">Antony Blinken<\/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\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"545880\" 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=\"545880\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/my-morning-routine-tarek-taha-director-cbe-fintech-and-innovation-hub\/\">\r\n                            My Morning Routine: Tarek Taha, director, CBE Fintech and Innovation Hub                        <\/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\/04\/14\/my-morning-routine-tarek-taha-director-cbe-fintech-and-innovation-hub\/\" 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\/04\/14\/my-morning-routine-tarek-taha-director-cbe-fintech-and-innovation-hub\/')\">\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\/04\/14\/my-morning-routine-tarek-taha-director-cbe-fintech-and-innovation-hub\/\">\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=My Morning Routine: Tarek Taha, director, CBE Fintech and Innovation Hub&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/my-morning-routine-tarek-taha-director-cbe-fintech-and-innovation-hub\/\">\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\/04\/14\/my-morning-routine-tarek-taha-director-cbe-fintech-and-innovation-hub\/&title=My Morning Routine: Tarek Taha, director, CBE Fintech and Innovation Hub\">\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=My+Morning+Routine%3A+Tarek+Taha%2C+director%2C+CBE+Fintech+and+Innovation+Hub+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F14%2Fmy-morning-routine-tarek-taha-director-cbe-fintech-and-innovation-hub%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\/04\/14\/my-morning-routine-tarek-taha-director-cbe-fintech-and-innovation-hub\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/262.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545881\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/my-morning-routine-tarek-taha-director-cbe-fintech-and-innovation-hub\/262-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/262.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"262.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/262.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/262.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545880\" class=\"content-area-description single-story post-545880 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-enterpriseam tag-fintech tag-fintech-hub tag-innovation-hub tag-my-morning-routine 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-10\"><\/a> <strong>Tarek Taha, director, CBE Fintech and Innovation Hub:<\/strong> Each week, My Morning Routine looks at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Tarek Taha (<a href=\"https:\/\/www.linkedin.com\/in\/tarekalitaha\/\">LinkedIn<\/a>), director of the CBE\u2019s Fintech and Innovation Hub.<\/p>\n<p><strong>My name is Tarek Taha, and I'm the director of the Central Bank of Egypt\u2019s (CBE) <\/strong><strong><a href=\"https:\/\/fintech.cbe.org.eg\/home\/hub\">Fintech Hub<\/a><\/strong>, which is an innovation hub in downtown Cairo. Generally, I've always been working at the intersection of real estate, technology, and entrepreneurship, but I\u2019m super excited about this role.<\/p>\n<p><strong>My current role is building the hub.<\/strong> It\u2019s in the foundation phase, and we want to make sure we become the flag bearer for fintech in Egypt by bringing all stakeholders together, from startups to corporates, banks, regulators, investors, and mentors. Once they're all together in one physical space, we believe there are a lot of synergies and partnerships that can be created to drive the growth of Egypt\u2019s fintech sector. So, my role is to make sure that we can bring all of those components together to work and function from the hub, which is a very unique undertaking.<\/p>\n<p><strong>Since we\u2019re in the building phase, my normal workday consists of a lot of meetings. <\/strong>Meetings with possible partners, which comprise fintech startups, banks, organizations like the UNDP that can help us design programs and so on. I\u2019m also following up on the physical progress on the hub itself because it\u2019s undergoing renovation and refitting to the new purpose of having the CBE as an innovation hub. We\u2019re also talking to international companies to set up fintech innovation labs in Cairo with state-of-the-art technology, which is super exciting.<\/p>\n<p><strong>There are also a lot of internal conversations about how we plan to have access to the Sandbox. <\/strong>The Sandbox, in technical development terms, is a place where you can develop code in a closed, monitored environment. Globally, regulators turn to building sandboxes to be able to regulate apps and technology before it gets introduced to the market. This is not new to Egypt and it\u2019s becoming a common practice in a lot of other countries as well. It\u2019s an environment where regulators can monitor and evaluate apps, understand how they work, and decide if their features are compliant with central bank regulations.<\/p>\n<p><strong>I'm an avid reader<\/strong> \u2014 I spend 1-3 hours each morning listening to audiobooks. I have a big reading target this year, which is 220 books, like my target last year. It is not the target itself that drives me, but I enjoy the ability to listen to books. It also helps me switch off after work because it mentally transforms me to different worlds. I also built a daily habit of adding reviews on <a href=\"https:\/\/www.goodreads.com\/\">Goodreads<\/a> on the books I read.<\/p>\n<p><strong>I\u2019m also currently taking my MBA, via the <\/strong><strong><a href=\"https:\/\/quantic.edu\/\">Quantic<\/a><\/strong><strong> model, which I\u2019m super happy with. <\/strong>I usually take a couple of classes for half an hour in the morning at least twice a week. The Quantic model is very interactive and takes place online in small doses, with monitors keeping an eye on whether or not you\u2019re on track.<\/p>\n<p><strong>I\u2019m failing miserably at building the habit of writing daily, but I\u2019ve actually started writing my own book.<\/strong> Last December, I earned the iRead award for best short story called Ninety-One Minutes, which revolves around the end of the world. Ironically, I landed the award around the same time the movie <a href=\"https:\/\/www.netflix.com\/title\/81252357\">Don\u2019t Look Up<\/a> came out on Netflix, which focuses on the same theme. The award got me excited about writing my own book, so I\u2019m trying to make it a weekly habit. I\u2019m trying to move from inspiration to actual dedication.<\/p>\n<p><strong>Keeping my inbox at zero unread emails is how I stay focused and organized. <\/strong>This helps me avoid a pileup of tasks. I reply to the ones I can answer immediately, and the rest I either categorize or turn into tasks. These email features are a life-saver. I also try to consistently and instantly note the outcomes of each of my meetings.<\/p>\n<p><strong>By nature, it has become very difficult to maintain a life-work balance. <\/strong>If you consciously try to achieve it, culture may not allow you. Of course, you have to allow a balance, but it doesn\u2019t necessarily work in a clean-cut way like people imagine. It usually happens in a non-structured way.<\/p>\n<p><strong>The latest book I enjoyed reading was <\/strong><strong><a href=\"https:\/\/www.goodreads.com\/book\/show\/9566.Still_Life_with_Woodpecker\">Still Life with Woodpecker<\/a><\/strong><strong> by Tom Robbins. <\/strong>It\u2019s a crazy, fictional book that takes place inside a pack of Camel cigarettes. I also truly enjoyed Ayn Rand\u2019s <a href=\"https:\/\/www.goodreads.com\/book\/show\/662.Atlas_Shrugged\">Atlas Shrugged<\/a>.<\/p>\n<p><strong>I'm still a big fan of the <\/strong><strong><a href=\"https:\/\/www.hbo.com\/game-of-thrones\">Game of Thrones<\/a><\/strong><strong> TV series. <\/strong>I think the amount of creativity and the ability to create a world in such a way makes it a great show to watch. Sometimes creating a world you believe can be the hardest part, so creating something so believable and unbelievable at the same time makes it a beautiful piece of fiction.<\/p>\n<p><strong>I truly enjoy <\/strong><strong><a href=\"https:\/\/100mba.net\/\">The USD 100 MBA<\/a><\/strong><strong> podcast. <\/strong>It's short and to the point. The host Omar Zenhom has good energy and I've learned a couple of things from it.<\/p>\n<p><strong>The best piece of advice I\u2019ve been given was from my mother, who always told me to pay attention to detail. <\/strong>She always focused on the details and I picked it up from her.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech-hub\/\">fintech hub<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/innovation-hub\/\">innovation hub<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"545882\" 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\/04\/14\/545882\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545882\" class=\"content-area-description single-story post-545882 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><strong>OUR CALENDAR NOW APPEARS in two sections: <\/strong><\/p>\n<ul>\n<li><strong>Events with specific dates or months <\/strong>are right here up top<\/li>\n<li><strong>Events happening in a quarter or other range of time <\/strong>with no specific date \/ month appear at the bottom of the calendar.<\/li>\n<\/ul>\n<p><strong>APRIL<\/strong><\/p>\n<p>April: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>April: Ghazl El Mahalla shares will begin trading on the EGX.<\/p>\n<p>April: A delegation from a major Belgian shipping company will arrive for talks on building an international shipping supply center in Egypt.<\/p>\n<p>14 April (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>15 April (Friday): E-receipt system pilot to kick off.<\/p>\n<p>18-24 April (Monday-Sunday): <a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/spring\">World Bank-IMF Spring Meetings<\/a>, Washington D.C.<\/p>\n<p>20 April (Wednesday): Deadline for listed companies and NBFIs to <a href=\"https:\/\/fra.gov.eg\/custompdfs\/2481616-2\/\">submit quarterly ESG reports<\/a>.<\/p>\n<p>Mid-April: Trading on the Egyptian Commodity Exchange to start.<\/p>\n<p>21 April (Thursday): EGX-listed Taaleem <a href=\"https:\/\/ent.news\/2022\/3\/Taaleem-general-meeting-April.pdf\">will hold<\/a> an extraordinary general assembly to discuss the mechanism to build and own nonprofit and private universities.<\/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>30 April (Saturday): <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d34fde27-bb5d-4393-8c4d-b149d636663d\">Fixed customs exchange rate<\/a> lifted.<\/p>\n<p>Late April through 15 May: 1Q2022 earnings season<\/p>\n<p><strong>MAY<\/strong><\/p>\n<p>May: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>1 May (Sunday): Labor Day.<\/p>\n<p>1 May (Sunday): Suez Canal Authority raises tolls for different vessels.<\/p>\n<p>3-4 May (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>4 May (Wednesday): 3 February (Thursday): Deadline to send in applications for Cultural Property Agreement Implementation projects to the <a href=\"https:\/\/eg.usembassy.gov\/wp-content\/uploads\/sites\/156\/CPAIG-2022-Announcment-RDL-edits.pdf\">US Embassy in Cairo<\/a>.<\/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>15 May (Sunday): Last day for EGX-listed companies to file 1Q2022 earnings<\/p>\n<p>19 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>JUNE<\/strong><\/p>\n<p>5-7 June (Sunday-Tuesday): <a href=\"https:\/\/www.africahealthexcon.com\/\">Africa Health ExCon<\/a>, Al Manara International Conference Center, Egypt International Exhibitions Center, and the St. Regis Almasa Hotel, New Administrative Capital.<\/p>\n<p>9 June (Thursday): European Central Bank monetary policy 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>30 June (Thursday): Deadline for bids for National Democratic Party HQ redevelopment contract.<\/p>\n<p><strong>JULY<\/strong><\/p>\n<p>July: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>July: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>Early July: Polish President to visit Egypt.<\/p>\n<p>1 July (Friday): FY 2022-2023 begins.<\/p>\n<p>1 July (Friday): Official rollout of e-receipt system 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>21 July (Thursday): European Central Bank monetary policy meeting.<\/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 - 14 August: 2Q2022 earnings season.<\/p>\n<p><strong>AUGUST<\/strong><\/p>\n<p>August: Work to extend the capacity of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a67dcca-de16-4313-b330-60fc1a21e6db\">Egypt-Sudan electricity interconnection<\/a> to 600 MW to be completed.<\/p>\n<p>18 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>SEPTEMBER<\/strong><\/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>September: Central Bank of Egypt\u2019s Innovation and Financial Technology Center to launch incubator for 25 fintech startups.<\/p>\n<p>8 September (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>18 September (Sunday): Deadline for brokerage firms, asset managers and financial advisors <a href=\"https:\/\/alborsaanews.com\/2022\/04\/06\/1527896\">to register<\/a> with the Egyptian Securities Federation.<\/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><strong>OCTOBER<\/strong><\/p>\n<p>October: World Bank and IMF annual meetings in Washington, DC<\/p>\n<p>October: Fuel pricing committee meets to decide quarterly fuel prices.<\/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>27 October (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>Late October - 14 November: 3Q2022 earnings season.<\/p>\n<p><strong>NOVEMBER<\/strong><\/p>\n<p>November: Cairo Water Week 2022.<\/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>4-6 November: The <a href=\"https:\/\/www.autotechegypt.com\/en\/home.html\">Autotech<\/a> auto exhibition kicks off at the Cairo International Exhibition and Convention Center.<\/p>\n<p>7-18 November (Monday-Friday): Egypt will host <a href=\"https:\/\/sdg.iisd.org\/events\/2021-un-climate-change-conference-unfccc-cop-27\/\">COP 27<\/a> in Sharm El Sheikh.<\/p>\n<p>21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p><strong>DECEMBER<\/strong><\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>JANUARY 2023<\/strong><\/p>\n<p>January EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/p>\n<p>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/p>\n<p>1H2022: Target date for IDH to close its acquisition of 50% of Islamabad Diagnostic Center.<\/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>1H2022: Egypt\u2019s second corporate green bond issuance expected to be announced.<\/p>\n<p>14 March-30 June: The \u201cEscape to Egypt\u201d exhibition at the <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02TyfzyKQdaqZmXvT1e3FuyPe3vSpn55zshBzfPbVExM3BR7KTZ3Geb6QVSsHa2S5Nl\">Coptic Museum<\/a>, in celebration of its 112th anniversary.<\/p>\n<p>2Q2022: The Sovereign Fund of Egypt will invest in two companies in the financial inclusion and non-banking financial services sectors.<\/p>\n<p>End of 2Q2022: The Financial Regulatory Authority\u2019s new Ins. Act should be approved.<\/p>\n<p>End of 2Q2022: Door for bidding for the contract to redevelop the site of the former National Democratic Party HQ to close.<\/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>2H2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release first financing product.<\/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\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":545853,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-545852","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"71b08df2-1d75-42e6-820a-b32d9128bd79","teaser":"","photo_url":"https:\/\/ent.news\/2022\/4\/20.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>Eni inks agreement with EGAS to boost LNG exports to Europe - 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\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eni inks agreement with EGAS to boost LNG exports to Europe\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T21:13:51+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/20.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\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/\",\"name\":\"Eni inks agreement with EGAS to boost LNG exports to Europe - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/20.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-04-14T04:10:03+00:00\",\"dateModified\":\"2025-12-15T21:13:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/20.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/20.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Eni inks agreement with EGAS to boost LNG exports to Europe\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Eni inks agreement with EGAS to boost LNG exports to Europe - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/","og_locale":"en_US","og_type":"article","og_title":"Eni inks agreement with EGAS to boost LNG exports to Europe","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-15T21:13:51+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/20.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/","name":"Eni inks agreement with EGAS to boost LNG exports to Europe - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/20.jpg?fit=%2C&ssl=1","datePublished":"2022-04-14T04:10:03+00:00","dateModified":"2025-12-15T21:13:51+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/20.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/20.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/eni-inks-agreement-with-egas-to-boost-lng-exports-to-europe\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Eni inks agreement with EGAS to boost LNG exports to Europe"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545852\/revisions"}],"predecessor-version":[{"id":545894,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545852\/revisions\/545894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/545853"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}