{"id":546002,"date":"2022-04-20T03:56:11","date_gmt":"2022-04-20T03:56:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=546002"},"modified":"2025-12-15T21:17:16","modified_gmt":"2025-12-15T21:17:16","slug":"imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/","title":{"rendered":"IMF downgrades global growth forecasts for 2022 and 2023, but Egypt looks set to fare better than most"},"content":{"rendered":"<section id=\"546004\" 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=\"546004\">\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\/20\/this-morning-enjoy-the-long-weekend-well-be-back-next-tuesday\/\">\r\n                            THIS MORNING: Enjoy the long weekend \u2014 we\u2019ll be back next Tuesday                        <\/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\/20\/this-morning-enjoy-the-long-weekend-well-be-back-next-tuesday\/\" 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\/20\/this-morning-enjoy-the-long-weekend-well-be-back-next-tuesday\/')\">\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\/20\/this-morning-enjoy-the-long-weekend-well-be-back-next-tuesday\/\">\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: Enjoy the long weekend \u2014 we\u2019ll be back next Tuesday&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/this-morning-enjoy-the-long-weekend-well-be-back-next-tuesday\/\">\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\/20\/this-morning-enjoy-the-long-weekend-well-be-back-next-tuesday\/&title=THIS MORNING: Enjoy the long weekend \u2014 we\u2019ll be back next Tuesday\">\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+Enjoy+the+long+weekend+%E2%80%94+we%E2%80%99ll+be+back+next+Tuesday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fthis-morning-enjoy-the-long-weekend-well-be-back-next-tuesday%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\/20\/this-morning-enjoy-the-long-weekend-well-be-back-next-tuesday\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546004\" class=\"content-area-description single-story post-546004 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-bonds tag-debt tag-denmark tag-energy tag-enterpriseam tag-esg tag-eu tag-financial-markets tag-france tag-netflix tag-oil-and-gas tag-politics tag-russia-ukraine-conflict tag-treasuries tag-what-were-tracking-today 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>Good morning, friends, and welcome to a brisk news day. <\/strong><\/p><p><strong>PSA #1- Hello, four-day weekend:<\/strong> The Central Bank of Egypt <a href=\"https:\/\/ent.news\/2022\/4\/Statement_19-April22.pdf\">confirmed (pdf)<\/a> yesterday that next Sunday, 24 April, will be a bank holiday in observance of Coptic Easter. Add that to the national holiday on Monday for Sinai Liberation Day and Sham El Nessim and we have ourselves a nice four-day weekend.<\/p><p><strong>The private sector won\u2019t be taking the entire week off for Eid<\/strong>, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/383615447142215\">unlike the public sector<\/a>. The private sector will officially get <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/384416460395447\">Labor Day<\/a> (that\u2019s 1 May) and the <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/384423803728046\">first two days of Eid<\/a> as paid vacation days, the Manpower Ministry said yesterday. Now it\u2019s up to you (or your bosses) to decide if your company will bridge the entire week.<\/p><p><strong>PSA #2- This is our last edition of EnterpriseAM this week. <\/strong>We\u2019re taking a publication holiday tomorrow (we do this each year so we can gather as a team for iftar) in addition to the bank holiday on Sunday and Monday\u2019s national day off. Look out this afternoon for EnterprisePM. Our AM and PM editions will be back in your inboxes at the appointed hour on Tuesday.<\/p><p><strong>PSA #3- Today is the deadline to file your ESG report:<\/strong> EGX-listed companies and all non-bank financial services outfits regardless of listing status need to submit their first quarterly ESG questionnaire by the end of today. The regulator is making it mandatory for companies to publicly disclose their performance on key environmental, social and governance metrics each year when they submit their annual financial statements, starting 2023.<\/p><p><strong>SO, WHEN DO WE EAT?<\/strong> You\u2019ll be breaking your fast at 6:25pm CLT this evening in the capital city, and fajr prayers are at 3:51am.<\/p><hr class=\"grey-line\"><p><strong>The Madbouly gov\u2019t has formed a committee \u201cto study the file of foreign <\/strong><strong>borrowing and restrict it to very narrow limits,\u201d<\/strong> after MPs voiced concern over the rise in the external debt during a House plenary session, <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/464879\/Egypt\/Politics-\/Egypt-forms-committee-to-restrict-foreign-borrowin.aspx\">Ahram Online<\/a> reports. Planning Minister Hala El Said is heading up the committee. Our external debt balance rose nearly 6% q-o-q to c. USD 145.5 bn at the end of the second quarter of the current fiscal year, the domestic press reports, citing what it says is central bank data. <a href=\"https:\/\/bit.ly\/3Magnpa\">Masrawy<\/a> and <a href=\"https:\/\/bit.ly\/3xEM3Pq\">Hapi Journal<\/a> have the story.<\/p><p><strong>ALSO-<\/strong> MPs yesterday gave final approval to part of the FY 2021-2022 budget, Ahram Online reports.<\/p><p><strong>DATA POINT- 18% CDs are still being snapped up: <\/strong>Investors have now poured some EGP 577 bn into 18% CDs at Banque Misr and the National Bank of Egypt. Nearly 70% went to the NBE (<a href=\"https:\/\/hapijournal.com\/?p=184407\">here<\/a>), while the remainder went to Banque Misr (<a href=\"https:\/\/bit.ly\/3uWWwEc\">here<\/a>), <a href=\"https:\/\/hapijournal.com\/?p=184407\">Hapi Journal<\/a> and <a href=\"https:\/\/bit.ly\/3uWWwEc\">Al Mal<\/a> reported. The CDs launched last month, following the central bank\u2019s 100-bps interest rate hike.<\/p><p><strong>THE BIG STORY ABROAD<\/strong>- <strong>Other than a dire quarterly report from Netflix <\/strong>that could mark the beginning of the end of the streamer\u2019s golden age (see more in our Planet Finance section, below), the <strong>war in Ukraine is still topping the front pages.<\/strong> Here\u2019s what you need to know this morning:<\/p><ul>\n<li><strong>The UN has called for a four-day humanitarian ceasefire <\/strong>over Coptic Easter. (<a href=\"https:\/\/news.un.org\/en\/story\/2022\/04\/1116452\">Statement<\/a>)<\/li>\n<li><strong>The US and allies are looking to impose more sanctions on Russia <\/strong>and provide Ukraine with more aid. (<a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/04\/19\/readout-of-the-presidents-call-with-allies-and-partners\/\">Statement<\/a>)<\/li>\n<li><strong>Russian troops are advancing at pace in eastern Ukraine<\/strong>, as part of a renewed offensive that Foreign Minister Sergei Lavrov called a \u201csecond phase\u201d of the war. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-19\/ukrainian-troops-risk-being-encircled-in-new-russian-offensive?srnd=premium-middle-east\">Bloomberg<\/a>) <\/li>\n<li><strong>Russia to go to courts to recover frozen reserves\u2026<\/strong> Russia\u2019s central bank announced it plans to pursue lawsuits to recover <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fec1927-2b23-444e-bb16-afbefa9ce511\">USD 300 bn of its FX reserves that have been frozen by western governments<\/a>. (<a href=\"https:\/\/www.ft.com\/content\/8813a840-3433-4a33-8fec-eb17841c027f#post-f3515b23-86c6-421b-a713-9f77c4a709bf\">Financial Times<\/a>).<\/li>\n<li><strong>\u2026and bans stock listings on foreign exchanges in fresh blow to businesses:<\/strong> President Vladimir Putin signed off on legal amendments that require Russian companies to delist their overseas shares. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-19\/putin-calls-time-on-foreign-listings-in-fresh-blow-to-tycoons?srnd=premium-middle-east\">Bloomberg<\/a>).<\/li>\n<\/ul><p><strong>WATCH THIS SPACE- By the time we come back from the long weekend, France <\/strong><strong>will have a new president.<\/strong> Incumbent Emmanuel Macron\u2019s polling lead is widening against his far-right National Rally opponent Marine Le Pen, but the result of Sunday\u2019s final runoff vote is far from certain, <a href=\"https:\/\/www.reuters.com\/world\/europe\/macrons-polling-lead-over-le-pen-widens-ahead-french-presidential-election-2022-04-19\/\">Reuters<\/a> reports.<\/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>*** WE\u2019RE LOOKING FOR SMART, TALENTED PEOPLE to join the team and help us build some very cool new things.<\/strong> Today, we run two daily publications, five weekly industry verticals, a monthly newsletter \u2014 and we have tons more in the pipeline. We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: <strong>To create value for our growing community of &gt;199k readers by telling stories that matter.<\/strong><\/p><p><strong>Enterprise is currently in the market for the following positions:<\/strong><\/p><p><strong>Senior editors who will manage a team of reporters on our current and future editions.<\/strong> Candidates should have at least three years of experience in journalism and a minimum of one of those should have been spent as an editor \u2014 but we would deeply value someone with at least five years of work experience. Strong knowledge of Egypt and the region, a demonstrated interest in business \/ finance, and people management skills are musts.<\/p><p><strong>Seasoned reporters to join our team and create stories that fascinate and inform our readers.<\/strong> Applicants should have serious English-language writing chops, a strong interest \u2014 and preferably some professional experience \u2014 in business \/ finance or business journalism, and solid analytical skills. You\u2019ll be expected to pitch stories and take assignments, as well as develop leads into full-blown stories. Reporters should be fluently bilingual, though exceptional unilingual (English) candidates may apply.<\/p><p><strong>We have a preference for Egyptian nationals <\/strong>but will consider international applicants.<\/p><p><strong>Are you a career switcher? <\/strong>Investment bankers, lawyers and other folks trained to be analytical and tell stories do well with us. If you want out of the rat race, consider us an offramp.<\/p><p><strong>Interested in applying?<\/strong> To apply for the editor \/ reporter positions, please submit your CV along with 2-3 writing samples and a solid cover letter telling us a bit about who you are and why you\u2019re a good fit for our team. Please submit all applications to <a href=\"mailto:jobs@enterprisemea.com\">jobs@enterprisemea.com<\/a>.<\/p><p><strong>MARKET WATCH-<\/strong><\/p><p><strong>Inflation-adjusted yields on US 10-year bonds are inching closer to positive <\/strong><strong>territory <\/strong>on the back of the Federal Reserve\u2019s tightening monetary policy for the first time since March 2020, <a href=\"https:\/\/www.ft.com\/content\/300de65b-e3de-463b-975f-9d25f1c28783\">the Financial Times<\/a> reports. Real yields have surged more than 1 percentage point since early March, posting a high of minus 0.04% on Tuesday, a trend which if it continues could start causing real issues for equities, risky debt, and emerging markets.<\/p><p><strong>Uh, Enterprise? How is this the case if i<\/strong><strong>nflation is at 8.5% and the 10-year yield<\/strong><strong> is l<\/strong><strong>ess than 3%<\/strong><strong>? <\/strong>The Financial Times is using a version of real yields derived from Treasury inflation-protected securities (Tips). Rather than using the current rate of inflation, Tips reflect the average inflation expectation over the total term of the bond. The market currently expects inflation to average around 2.95% over the next 10 years, close to where the 10-year yield is now trading.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education.<\/p><p><strong>In today\u2019s issue: What the Russia-Ukraine war means for Egypt\u2019s trade: <\/strong>The war has caused already-inflated shipping and fuel prices to soar, even more disruption to supply chains, and a shortage of available shipping containers. Egypt has been scrambling to ensure that its trade activities remain stable by finding alternative markets and routes for our commodities needs. We talked to shipping industry players to find out what problems we\u2019re now facing, what issues could arise next, and whether there are any silver linings amidst the instability.<\/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\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/denmark\/\">Denmark<\/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\/esg\/\">ESG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/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\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/netflix\/\">Netflix<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia-ukraine-conflict\/\">Russia-Ukraine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/treasuries\/\">treasuries<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"546005\" 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=\"546005\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/546005\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546005\" class=\"content-area-description single-story post-546005 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_Easter-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>Enjoy an epic Easter by the bay with family and friends. It\u2019s time to enjoy sweet treats, Easter egg decorating and spirited Easter games. Pause, reflect, and appreciate the season of new beginnings with an extra special Easter at Somabay. www.somabay.com<\/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=\"546006\" 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=\"546006\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/imf-upgrades-egypts-gdp-growth-in-2022-despite-a-significant-slowdown-globally\/\">\r\n                            IMF upgrades Egypt\u2019s GDP growth in 2022 despite a \u201csignificant slowdown\u201d globally                        <\/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\/20\/imf-upgrades-egypts-gdp-growth-in-2022-despite-a-significant-slowdown-globally\/\" 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\/20\/imf-upgrades-egypts-gdp-growth-in-2022-despite-a-significant-slowdown-globally\/')\">\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\/20\/imf-upgrades-egypts-gdp-growth-in-2022-despite-a-significant-slowdown-globally\/\">\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=IMF upgrades Egypt\u2019s GDP growth in 2022 despite a \u201csignificant slowdown\u201d globally&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/imf-upgrades-egypts-gdp-growth-in-2022-despite-a-significant-slowdown-globally\/\">\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\/20\/imf-upgrades-egypts-gdp-growth-in-2022-despite-a-significant-slowdown-globally\/&title=IMF upgrades Egypt\u2019s GDP growth in 2022 despite a \u201csignificant slowdown\u201d globally\">\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=IMF+upgrades+Egypt%E2%80%99s+GDP+growth+in+2022+despite+a+%E2%80%9Csignificant+slowdown%E2%80%9D+globally+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fimf-upgrades-egypts-gdp-growth-in-2022-despite-a-significant-slowdown-globally%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\/20\/imf-upgrades-egypts-gdp-growth-in-2022-despite-a-significant-slowdown-globally\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/335.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"546007\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/imf-upgrades-egypts-gdp-growth-in-2022-despite-a-significant-slowdown-globally\/335-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/335.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"335.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/335.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/335.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546006\" class=\"content-area-description single-story post-546006 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-commodities tag-economy tag-emerging-markets tag-enterpriseam tag-gdp tag-imf tag-inflation tag-interest-rates 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>The IMF has cut its global GDP forecast for this year and the next<\/strong> as surging inflation and economic fallout from the war in Ukraine hit growth prospects. The Fund revised downwards its growth projections for 2022 and 2023 to 3.6% in its latest <a href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2022\/04\/19\/world-economic-outlook-april-2022\">World Economic Outlook<\/a> \u2014 that\u2019s 0.8 percentage points lower for this year (and 0.2 ppt less for next year) than in its last forecast in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e675696-18e3-408c-91de-5e3665a8d6bf\">January<\/a>. The revision marks a \u201csignificant slowdown in global growth\u201d as the Russia-Ukraine war continues to cause \u201cworldwide spillovers through commodity markets, trade, and financial channels.\u201d<\/p>\n<p style='font-size: 18px;font-weight: bold' >EGYPT IS A BRIGHT SPOT FOR GROWTH<\/p>\n<p><strong>Egypt seems set to buck the trend this year:<\/strong> The lender revised upwards Egypt\u2019s growth for the current fiscal year despite soaring food and energy prices threatening to weigh on economic activity. The IMF now expects the Egyptian economy to expand at a 5.9% clip in FY 2021-2022, up 0.3 percentage points from its previous forecast in January. This is the second time the IMF has upgraded Egypt\u2019s growth forecast this year.<\/p>\n<p><strong>That\u2019s even more optimistic than official figures:<\/strong> The government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7206091d-85f9-42f4-9092-59a11e3ea203\">recently lowered<\/a> its growth outlook for the current fiscal year to 5.7% from 6.2-6.5% due to the economic impact of the war in Ukraine.<\/p>\n<p><strong>The economy won\u2019t grow next year quite as much as previously expected:<\/strong> The Fund now sees our economy growing by 5.0% in FY 2022-2023, down from its previous 5.6% prediction.<\/p>\n<p><strong>Consumer prices in Egypt will rise on average b<\/strong><strong>y 7.5% this year<\/strong>, then rise at an 11.0% prace in 2022-2023, according to the IMF. The annual urban rate reached a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ed1c340-3127-46cd-ad85-578f9a72874f\">three-year high of 10.5%<\/a> in March, and analysts are forecasting inflation to continue rising in the months ahead, with some predicting it to go as high as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/807485e3-9dd7-44e3-987f-a0764ab9436e\">15%<\/a>.<\/p>\n<p><strong>The war is going to hit our external position:<\/strong> The IMF sees Egypt\u2019s current account falling further into deficit over the next year as the war drives up import spending, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4be5dcc6-3735-46ed-a1e8-eac4eb200706\">hurts tourism revenues<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1081735e-da66-4ffd-a584-d44e361d6b8c\">drives portfolio outflows<\/a>. The Fund expects the deficit to narrow to 4.3% of GDP this fiscal year before rising back to 4.6% in 2022-2023.<\/p>\n<p><strong>REMEMBER- We\u2019re on a different reporting timeline to much of the world. <\/strong>The IMF\u2019s global forecast (and most of its country forecasts) is based on data for the calendar year. Egypt is among a handful of countries whose fiscal year runs from July to June, meaning the impact of the war (which broke out at the end of February) will likely be more keenly felt next fiscal year than in the current one.<\/p>\n<p style='font-size: 18px;font-weight: bold' >EMERGING MARKETS WILL STRUGGLE<\/p>\n<p><strong>The outlook for emerging markets is bleak in the long term: <\/strong>\u201cScarring effects are expected to be much larger in emerging markets and developing economies than in advanced economies \u2014 reflecting more limited policy support and generally slower vaccination \u2014 with output expected to remain below the pre-pandemic trend throughout the forecast horizon,\u201d the lender writes.<\/p>\n<p><strong>Western monetary tightening poses bigger risks for EMs: \u201c<\/strong>The war and the impending increase in global interest rates will further reduce fiscal space in many countries, especially oil- and food-importing emerging markets,\u201d the Fund says, adding that these threats could create some \u201ccredit market vulnerabilities [...] with implications for financial stability.\u201d Rising interest rates could also lead to further withdrawals of capital and more currency depreciation that would, in turn drive up inflation.<\/p>\n<p><strong>The IMF is emphasizing the need for prompt \u2014 yet balanced \u2014 responses from policymakers: <\/strong>Policymakers are in for a tough balancing act, as they attempt to rein in the short-term implications of the war, while maintaining long-term growth, the IMF writes. It added that some economies will need to secure \u201cadequate liquidity support to tide over short term refinancing difficulties\u201d while others could need \u201ccomprehensive sovereign debt restructuring.\u201d<\/p>\n<p><strong>Reminder: Egypt <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f0975edf-53e6-4124-90c6-965a54f7fc41\">is in talks<\/a><\/strong><strong> with the IMF for a support program, <\/strong>which could come under a \u201cprecautionary and liquidity line\u201d and amount to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2ff6a741-f36a-4ae4-8cf4-c6b86096587e\">as much as USD 3.5 bn<\/a>. The PLL \u201ccould be supplemented by an extended fund facility that could take another three to six months to negotiate\u201d with the IMF, BNP Paribas Middle East and North Africa economist Mohamed Abdelmeguid previously wrote.<\/p>\n<p style='font-size: 18px;font-weight: bold' >MORE ON THE GLOBAL TREND<\/p>\n<p><strong>Food, oil and commodity prices pose the biggest threats to global growth: <\/strong>Russia is a major supplier of oil, gas, metals, and other commodities, which has led to global price elevation \u2014 exacerbating already heightened prices and supply crunches caused by pent up post-pandemic demand.<\/p>\n<p><strong>Bad news for food security: <\/strong>Food prices are forecast to remain high throughout the year and into 2023 after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a531ab4-a71d-4b9e-a476-acd4be67475b\">reaching a new all-time high<\/a> last month, according to the IMF, with low-income countries the most affected. The Fund name-checks wheat as one of the commodities for which it expects prices to remain high into next year. Wheat prices <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a531ab4-a71d-4b9e-a476-acd4be67475b\">soared<\/a> almost 20% last month, as the war disrupted exports from major exporters Russia and Ukraine. As we\u2019ve mentioned not infrequently since the war broke out, Egypt is the world\u2019s largest importer of the grain, with Russia and Ukraine normally supplying over 80% of our imports.<\/p>\n<p><strong>But slightly better news for oil: <\/strong>\u201cAlthough the price of oil has risen sharply, spare capacity in other countries and the release of petroleum reserves will likely mean that these increases will be contained over the medium term,\u201d the lender notes, adding that oil prices will likely affect growth most severely in 2022.<\/p>\n<hr class=\"grey-line\">\n<p><strong>SPEAKING OF GLOBAL FINANCE LEADERS- Where\u2019s the coordinated push on <\/strong><strong>food security we were promised? <\/strong>US Treasury Secretary Janet Yellen yesterday told the World Bank and the IMF to \u201cget concrete\u201d on measures to battle food insecurity amid spiraling commodities prices, the <a href=\"https:\/\/apnews.com\/article\/russia-ukraine-business-europe-united-nations-janet-yellen-93487cb2e8e33f1b9e9188524423a3d4\">AP<\/a> writes, on the sidelines of the two lenders\u2019 spring meetings. Yellen had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff909552-1f31-43b4-a8e8-54dbb6a7be83\">reportedly been planning<\/a> to bring the international lenders and reps from wealthy nations around a table to put together a coordinated response to the looming food crisis \u2014 but we\u2019ve heard nothing on that front yet.<\/p>\n<p><strong>The WB is making some moves on food: <\/strong>WB President David Malpass told Yellen the lender would allocate USD 17 bn per year to bolster food security. The WB yesterday announced a new USD 170 bn \u201ccrisis financing target,\u201d which will target countries taking in significant numbers of Ukrainian refugees and those (like us) facing food supply issues.<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/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\/interest-rates\/\">interest rates<\/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=\"546008\" 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=\"546008\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/cibs-newest-and-largest-shareholder-isnt-looking-to-shake-up-management\/\">\r\n                            CIB\u2019s newest (and largest) shareholder isn\u2019t looking to shake up management                        <\/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\/20\/cibs-newest-and-largest-shareholder-isnt-looking-to-shake-up-management\/\" 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\/20\/cibs-newest-and-largest-shareholder-isnt-looking-to-shake-up-management\/')\">\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\/20\/cibs-newest-and-largest-shareholder-isnt-looking-to-shake-up-management\/\">\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=CIB\u2019s newest (and largest) shareholder isn\u2019t looking to shake up management&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/cibs-newest-and-largest-shareholder-isnt-looking-to-shake-up-management\/\">\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\/20\/cibs-newest-and-largest-shareholder-isnt-looking-to-shake-up-management\/&title=CIB\u2019s newest (and largest) shareholder isn\u2019t looking to shake up management\">\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=CIB%E2%80%99s+newest+%28and+largest%29+shareholder+isn%E2%80%99t+looking+to+shake+up+management+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fcibs-newest-and-largest-shareholder-isnt-looking-to-shake-up-management%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\/20\/cibs-newest-and-largest-shareholder-isnt-looking-to-shake-up-management\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546008\" class=\"content-area-description single-story post-546008 post type-post status-publish format-standard hentry category-banking tag-adq tag-alpha-oryx tag-banking tag-cib 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-02\"><\/a> <strong>CIB management gets vote of confidence from (new) largest shareholder:<\/strong> Alpha Oryx, a subsidiary of Abu Dhabi sovereign wealth fund and the <a href=\"https:\/\/enterprise.press\/issues\/2022\/04\/13\/adq-enters-egx-big-way-usd-1-8-bn-buy\/#tldr-story-01\">new holder of a 17.5% stake in CIB<\/a>, has no intention of doing anything that would \u201cnegatively impact the bank\u2019s management or the interests of its shareholders.\u201d Alpha Oryx made the statement <a href=\"https:\/\/ent.news\/2022\/4\/CIB-EGX.pdf\">in a filing with the Financial Regulatory Authority (pdf)<\/a> made public yesterday.<\/p>\n<p><strong>Alpha Oryx likes Egypt\u2026 <\/strong>The company notes that it is \u201ccontinuously looking for [the chance] to support its growth ambitions internationally, particularly in a high-potential market like Egypt.\u201d<\/p>\n<p><strong>\u2026and it thinks CIB is a great fit<\/strong>, writing that the bank is a frontier emerging market standard-bearer with an \u201coutstanding reputation across regional and international markets.\u201d Alpha also pointed to CIB\u2019s \u201cstrong management team and high standards of governance.\u201d CIB CEO Hussein Abaza is widely respected in the industry \u2014 and one of the most popular EM CEOs on the global investor conference circuit, where he has a reputation for being a straight shooter with fund and portfolio managers.<\/p>\n<p><strong>What does Alpha think CIB should be doing now?<\/strong> It\u2019s not getting into detail in public, but says that it wants to look for synergies and how to drive growth \u2014 and sees its investment in CIB as strengthening its own \u201coffering and regional presence.\u201d Alpha says its broad priorities include strengthening market position, investing in culture and talent, and driving environmental, social and governance initiatives. CIB is a good fit in that respect, having been a pioneer in sustainable finance in Egypt.<\/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\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alpha-oryx\/\">Alpha Oryx<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/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=\"546009\" 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=\"546009\">\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\/20\/vodafone-egypt-acquires-10-stake-in-bee-and-masary-setting-the-record-straight-on-an-arco-ashry-steel-tieup\/\">\r\n                            Vodafone Egypt acquires 10% stake in Bee and Masary + setting the record straight on an Arco-Ashry Steel tieup                        <\/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\/20\/vodafone-egypt-acquires-10-stake-in-bee-and-masary-setting-the-record-straight-on-an-arco-ashry-steel-tieup\/\" 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\/20\/vodafone-egypt-acquires-10-stake-in-bee-and-masary-setting-the-record-straight-on-an-arco-ashry-steel-tieup\/')\">\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\/20\/vodafone-egypt-acquires-10-stake-in-bee-and-masary-setting-the-record-straight-on-an-arco-ashry-steel-tieup\/\">\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=Vodafone Egypt acquires 10% stake in Bee and Masary + setting the record straight on an Arco-Ashry Steel tieup&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/vodafone-egypt-acquires-10-stake-in-bee-and-masary-setting-the-record-straight-on-an-arco-ashry-steel-tieup\/\">\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\/20\/vodafone-egypt-acquires-10-stake-in-bee-and-masary-setting-the-record-straight-on-an-arco-ashry-steel-tieup\/&title=Vodafone Egypt acquires 10% stake in Bee and Masary + setting the record straight on an Arco-Ashry Steel tieup\">\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=Vodafone+Egypt+acquires+10%25+stake+in+Bee+and+Masary+%2B+setting+the+record+straight+on+an+Arco-Ashry+Steel+tieup+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fvodafone-egypt-acquires-10-stake-in-bee-and-masary-setting-the-record-straight-on-an-arco-ashry-steel-tieup%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\/20\/vodafone-egypt-acquires-10-stake-in-bee-and-masary-setting-the-record-straight-on-an-arco-ashry-steel-tieup\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/338.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"546010\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/vodafone-egypt-acquires-10-stake-in-bee-and-masary-setting-the-record-straight-on-an-arco-ashry-steel-tieup\/338-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/338.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"338.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/338.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/338.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546009\" class=\"content-area-description single-story post-546009 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-b-investments tag-bee-smart-payment-solutions tag-ebtikar tag-enterpriseam tag-fintech tag-ma-watch tag-masary tag-vodafone-egypt 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>Vodafone Egypt makes first stake buys in Bee + Masary: <\/strong>Vodafone Egypt has acquired 10% stakes in e-payment platforms Bee and Masary, subsidiaries of non-banking financial services (NBFS) provider Ebtikar, according to a <a href=\"https:\/\/ent.news\/2022\/4\/Ebtikar_Vodafone-Transaction-Disclosure-English.pdf\">disclosure (pdf)<\/a> filed to the EGX yesterday by Ebtikar parent company B Investments. The telecoms giant \u2014 which plans to eventually acquire a 20% stake in each firm \u2014 subscribed to a capital increase at par value, reducing Ebtikar\u2019s ownership in Bee to just over 90% and its stake in Masary to 63.6%.<\/p>\n<p><strong>A year in the making:<\/strong> The transaction comes under the terms of an MoU <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42db6645-da56-49c4-a284-ed39e05306b4\">signed between the two companies in early 2021<\/a> under which Vodafone signaled its intent to acquire 20% of Bee and Masary. The telecom operator <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06aaceb8-c347-48c0-83bd-16015aaa2b23\">wrapped up due diligence<\/a> on the companies in August.<\/p>\n<p><strong>Vodafone is still planning to acquire 20% of each company: <\/strong>A Vodafone Egypt representative told us yesterday afternoon that it is sticking to the MoU and still intends to acquire 20% of both firms. The acquisition is taking place in two phases, and Vodafone will purchase the remaining 10% stakes after receiving final regulatory approvals, the official said.<\/p>\n<p><strong>What\u2019s in it for Bee and Masary?<\/strong> The two firms \u201cwill have access to know-how, new products, market expertise and the facilitation of regional expansions,\u201d B Investments IR Director Omar El Labban told Enterprise. \u201cBee and Masary are expected to benefit from expedited growth and play an even more expanded and major role in the digital transformation of the economy,\u201d he said. Ebtikar is a joint venture between B Investments, BPE Partners and MTI.<\/p>\n<p><strong>And for Vodafone?<\/strong> The acquisition comes as part of the company\u2019s plans to increase investments in Egypt and expand its footprint in the NBFS space.<\/p>\n<p><strong>Advisors:<\/strong> Zaki Hashem & Partners advised Masary and Bee, while Vodafone was advised by Hafez & Partners.<\/p>\n<p style='font-size: 18px;font-weight: bold' >IN OTHER M&A NEWS-<\/p>\n<p><strong>Has Ashry Steel just taken over <\/strong><strong>Arco Steel?<\/strong> That\u2019s what <a href=\"https:\/\/bit.ly\/3voviW2\">Al Mal<\/a> reported yesterday, citing \u201cwell informed sources\u201d as saying that the company had acquired all of the company\u2019s shares for EGP 2 bn. <strong>Ashry Steel Chairman Ayman El Ashry denied the report<\/strong> when we approached him for comment yesterday. \u201cThe transaction remains under discussion, which has reached an advanced stage,\u201d he told us. Arco Steel is 80% owned by the National Bank of Egypt and the remaining 20% is distributed among state-affiliated entities such as the National Investment Bank, the Industrial Development Bank and Misr Ins. Talks on the acquisition have been ongoing since at least <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/358176c5-ac0f-4633-ad4b-7ae05178a44a\">last summer<\/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\/b-investments\/\">B Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bee-smart-payment-solutions\/\">Bee Smart Payment Solutions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebtikar\/\">Ebtikar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/masary\/\">Masary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vodafone-egypt\/\">Vodafone Egypt<\/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=\"546011\" 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=\"546011\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/galina-plans-egp-500-mn-private-placement-could-resurrect-ipo\/\">\r\n                            Galina plans EGP 500 mn private placement, could resurrect IPO                        <\/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\/20\/galina-plans-egp-500-mn-private-placement-could-resurrect-ipo\/\" 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\/20\/galina-plans-egp-500-mn-private-placement-could-resurrect-ipo\/')\">\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\/20\/galina-plans-egp-500-mn-private-placement-could-resurrect-ipo\/\">\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=Galina plans EGP 500 mn private placement, could resurrect IPO&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/galina-plans-egp-500-mn-private-placement-could-resurrect-ipo\/\">\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\/20\/galina-plans-egp-500-mn-private-placement-could-resurrect-ipo\/&title=Galina plans EGP 500 mn private placement, could resurrect IPO\">\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=Galina+plans+EGP+500+mn+private+placement%2C+could+resurrect+IPO+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fgalina-plans-egp-500-mn-private-placement-could-resurrect-ipo%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\/20\/galina-plans-egp-500-mn-private-placement-could-resurrect-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/339.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"546012\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/galina-plans-egp-500-mn-private-placement-could-resurrect-ipo\/339-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/339.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"339.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/339.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/339.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546011\" class=\"content-area-description single-story post-546011 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-agriculture tag-egx tag-enterpriseam tag-food tag-ipo-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-04\"><\/a> <strong>Galina could revive its IPO plans:<\/strong> Agrifood player <a href=\"http:\/\/www.galina-eg.com\/\">Galina Holding<\/a> could go ahead with a public share sale on the EGX this year, Chairman Abdel Wahed Soliman told Enterprise, confirming a report that first appeared in <a href=\"https:\/\/bit.ly\/3Op1EIM\">Al Mal<\/a>. The company is aiming to raise at least EGP 500 mn from a private placement and is currently in talks with institutional investors. If the company does conclude a transaction, it will move ahead with a public offering towards the end of 3Q, he said.<\/p>\n<p><strong>In detail:<\/strong> The private placement would be carried out via capital increase, which would see Galina issue 150 mn new shares, equivalent to a 50% stake in the company, Soliman told us. An internal financial advisor has valued the company\u2019s shares at EGP 5 apiece. It has now appointed Perfect Consulting to conduct a fair value study.<\/p>\n<p><strong>Who\u2019s interested? <\/strong>An international bank and a Gulf bank are interested in acquiring 30% of the company\u2019s shares in the private placement, Soliman told Al Mal, adding that talks are still in their early stages and no official offers have yet been made.<\/p>\n<p><strong>A similar plan on a slightly smaller scale:<\/strong> This time last year, Galina was hoping to raise EGP 600 mn in a private placement ahead of an EGX listing, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/556d5583-338c-4c27-88e2-75026256ac6e\">telling us<\/a> that at least 10 foreign and local institutional players were interested in investing in the company. Soliman said at the time that the company would issue 161 mn new shares, and that subscription could be wrapped up by the end of 1H2021.<\/p>\n<p><strong>But what happened?<\/strong> Disagreements over valuation, Soliman told Al Mal.<\/p>\n<p><strong>Advisors yet to be appointed:<\/strong> Galina hasn\u2019t yet appointed a financial or legal advisor to help it with the transaction, he told us. The company hired Renaissance Capital to quarterback the transaction last year, and was eyeing Baker McKenzie\u2019s Cairo office to provide counsel.<\/p>\n<p><strong>Galina has been eyeing the EGX for a long time<\/strong>, first announcing its ambition to become a public company <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/06\/galina-agrofreeze-looks-towards-egx-listing-as-it-seeks-to-leave-nilex\/\">back in 2018<\/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\/agriculture\/\">agriculture<\/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\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"546013\" 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=\"546013\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/546013\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546013\" class=\"content-area-description single-story post-546013 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:\/\/whatsnext.enterprise.press\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/New-Banners-English-v2_1600-text-1.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=\"546014\" 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=\"546014\">\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\">Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/cira-to-launch-its-new-schools-in-6-october-qena-this-fall\/\">\r\n                            CIRA to launch its new schools in 6 October, Qena this fall                        <\/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\/20\/cira-to-launch-its-new-schools-in-6-october-qena-this-fall\/\" 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\/20\/cira-to-launch-its-new-schools-in-6-october-qena-this-fall\/')\">\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\/20\/cira-to-launch-its-new-schools-in-6-october-qena-this-fall\/\">\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=CIRA to launch its new schools in 6 October, Qena this fall&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/cira-to-launch-its-new-schools-in-6-october-qena-this-fall\/\">\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\/20\/cira-to-launch-its-new-schools-in-6-october-qena-this-fall\/&title=CIRA to launch its new schools in 6 October, Qena this fall\">\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=CIRA+to+launch+its+new+schools+in+6+October%2C+Qena+this+fall+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fcira-to-launch-its-new-schools-in-6-october-qena-this-fall%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\/20\/cira-to-launch-its-new-schools-in-6-october-qena-this-fall\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/341.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"546015\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/cira-to-launch-its-new-schools-in-6-october-qena-this-fall\/341-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/341.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"341.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/341.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/341.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546014\" class=\"content-area-description single-story post-546014 post type-post status-publish format-standard has-post-thumbnail hentry category-education tag-cira-education tag-education tag-enterpriseam tag-schools 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>CIRA to open three new schools in September: <\/strong>EGX-listed private sector education outfit CIRA is looking to open the doors of three new schools at the beginning of the upcoming school year in September, it announced in an <a href=\"https:\/\/ent.news\/2022\/4\/CIRA-EGX-disclosure.pdf\">regulatory filing (pdf)<\/a> yesterday.<\/p>\n<p><strong>Two of the schools are in Sixth of October\u2019s Cosmic Village:<\/strong> A branch of Futures Tech \u2014 a branded K-12 school that caters to Egypt\u2019s middle-income segment \u2014 and another branch of <a href=\"https:\/\/rbs-egypt.com\/\">Regent British School<\/a> \u2014 a mid-tuition range international school that made its debut in New Mansoura <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da6ea134-a158-49e6-a05b-87bef013d8ce\">in 2020<\/a>. The schools are being established under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b44852d-e12e-48cf-bfb1-0a91940c4086\">a public-private partnership<\/a> between CIRA, Elsewedy Capital and the Sovereign Fund of Egypt.<\/p>\n<p><strong>And there\u2019s one in Qena:<\/strong> CIRA will open another Futures branch in the Upper Egyptian city. This will be the fourth branch of the school.<\/p>\n<p><strong>Further down the line: <\/strong>CIRA is looking to establish an international school in Assiut, dubbed Regent Assiut, to start operations in 2024.<\/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\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/schools\/\">Schools<\/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=\"546016\" 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=\"546016\">\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\">Kudos<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/coca-cola-scheme-gives-bikes-to-young-people-to-launch-microbusinesses-alieldean-weshahi-partners-makes-legal-500-debut\/\">\r\n                            Coca-Cola scheme gives bikes to young people to launch microbusinesses + Alieldean Weshahi &#038; Partners makes Legal 500 debut                        <\/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\/20\/coca-cola-scheme-gives-bikes-to-young-people-to-launch-microbusinesses-alieldean-weshahi-partners-makes-legal-500-debut\/\" 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\/20\/coca-cola-scheme-gives-bikes-to-young-people-to-launch-microbusinesses-alieldean-weshahi-partners-makes-legal-500-debut\/')\">\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\/20\/coca-cola-scheme-gives-bikes-to-young-people-to-launch-microbusinesses-alieldean-weshahi-partners-makes-legal-500-debut\/\">\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=Coca-Cola scheme gives bikes to young people to launch microbusinesses + Alieldean Weshahi &#038; Partners makes Legal 500 debut&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/coca-cola-scheme-gives-bikes-to-young-people-to-launch-microbusinesses-alieldean-weshahi-partners-makes-legal-500-debut\/\">\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\/20\/coca-cola-scheme-gives-bikes-to-young-people-to-launch-microbusinesses-alieldean-weshahi-partners-makes-legal-500-debut\/&title=Coca-Cola scheme gives bikes to young people to launch microbusinesses + Alieldean Weshahi &#038; Partners makes Legal 500 debut\">\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=Coca-Cola+scheme+gives+bikes+to+young+people+to+launch+microbusinesses+%2B+Alieldean+Weshahi+%26%23038%3B+Partners+makes+Legal+500+debut+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fcoca-cola-scheme-gives-bikes-to-young-people-to-launch-microbusinesses-alieldean-weshahi-partners-makes-legal-500-debut%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\/20\/coca-cola-scheme-gives-bikes-to-young-people-to-launch-microbusinesses-alieldean-weshahi-partners-makes-legal-500-debut\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546016\" class=\"content-area-description single-story post-546016 post type-post status-publish format-standard hentry category-kudos tag-baheya-foundation tag-coca-cola tag-damen tag-enterpriseam tag-kudos tag-law wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> The Coca-Cola Foundation<\/strong> has partnered with the <strong>Misr El Kheir Foundation<\/strong> and the <strong>youth and military production ministries<\/strong>, to launch the first phase of the \"Your Bicycle, Your Revenue\" initiative, which offers a source of income for young people, according to a <a href=\"https:\/\/ent.news\/2022\/4\/Daragtak-Dakhlak-PRL-EN.pdf\">statement (pdf)<\/a>. Almost 1.4k bikes will be distributed along with training and Coca-Cola products, allowing unemployed youth to start their own micro-businesses.<\/p>\n<p><strong>Our friends at ALC Alieldean Weshahy & Partners have for the first time been designated <\/strong><strong>a \u201cleading firm\u201d by <\/strong><strong><a href=\"https:\/\/www.legal500.com\/c\/egypt\/\">Legal 500<\/a><\/strong> in its recently issued 2022 EMEA rankings, earning nods in four practice areas: banking and finance; commercial, corporate and M&A; projects and infrastructure; and arbitration. Among the individual practitioners getting nods:<\/p>\n<ul>\n<li>Arbitration: <strong>Ahmed Weshahi<\/strong> and <strong>Yehia Shahine<\/strong>;<\/li>\n<li>Banking and finance: <strong>Bahaa Alieldean<\/strong>, <strong>Elham Mabrouk<\/strong> and <strong>Mahmoud Al-Araby<\/strong>;<\/li>\n<li>Commercial, corporate and M&A: <strong>Amr Namek<\/strong>, Weshahi, and Alieldean;<\/li>\n<li>Projects and infrastructure: Weshahi and Alieldean.<\/li>\n<\/ul>\n<p><strong>A number of practitioners have been named to<\/strong><strong> IFLR1000's <\/strong><strong><a href=\"https:\/\/www.iflr1000.com\/Stub\/WomenLeadersEgypt\">Women Leaders 2022<\/a><\/strong> (in alphabetical order)<strong>:<\/strong><\/p>\n<ul>\n<li><strong>Amira Sherif<\/strong> senior partner at <strong>Sarie-Eldin & Partners<\/strong>;<\/li>\n<li><strong>Ingy Badawy<\/strong>, a founding partner a <strong>Zulficar & Partners<\/strong> and head of corporate M&A;<\/li>\n<li><strong>Lamyaa Gadelhak<\/strong>, co-head of the banking and projects practice group at <strong>Helmy, Hamza & Partners<\/strong>, Baker McKenzie\u2019s Cairo office;<\/li>\n<li><strong>Mariam Fahmy<\/strong>, partner at <strong>Shalakany Law Office<\/strong>;<\/li>\n<li><strong>Mona Zulficar<\/strong>, founding partner and chairperson at <strong>Zulficar & Partners. <\/strong><\/li>\n<li><strong>Ragia Omran<\/strong>, of counsel at <strong>Zaki Hashem & Partners<\/strong>;<\/li>\n<li><strong>Sara Hinton<\/strong>, senior partner at <strong>Ibrachy Legal Consultancy<\/strong>;<\/li>\n<\/ul>\n<p><strong>E-payments firm <\/strong><strong><a href=\"https:\/\/www.damen.com.eg\/indexEn.html\">Damen<\/a><\/strong> has signed an agreement to collect donations for breast cancer charity the <strong><a href=\"https:\/\/baheya.org\/en\">Baheya Foundation<\/a><\/strong> through its electronic platform, Damen said in a <a href=\"https:\/\/www.damen.com.eg\/BlogDetails.html?Num=8\">statement<\/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\/baheya-foundation\/\">Baheya Foundation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/coca-cola\/\">Coca-Cola<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/damen\/\">Damen<\/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\/law\/\">law<\/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=\"546017\" 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=\"546017\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/546017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546017\" class=\"content-area-description single-story post-546017 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=\"546018\" 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=\"546018\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/last-nights-talk-shows-the-talking-heads-are-off-on-an-egg-hunt\/\">\r\n                            Last Night\u2019s Talk Shows: The talking heads are off on an egg hunt                        <\/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\/20\/last-nights-talk-shows-the-talking-heads-are-off-on-an-egg-hunt\/\" 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\/20\/last-nights-talk-shows-the-talking-heads-are-off-on-an-egg-hunt\/')\">\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\/20\/last-nights-talk-shows-the-talking-heads-are-off-on-an-egg-hunt\/\">\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: The talking heads are off on an egg hunt&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/last-nights-talk-shows-the-talking-heads-are-off-on-an-egg-hunt\/\">\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\/20\/last-nights-talk-shows-the-talking-heads-are-off-on-an-egg-hunt\/&title=Last Night\u2019s Talk Shows: The talking heads are off on an egg hunt\">\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+The+talking+heads+are+off+on+an+egg+hunt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Flast-nights-talk-shows-the-talking-heads-are-off-on-an-egg-hunt%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\/20\/last-nights-talk-shows-the-talking-heads-are-off-on-an-egg-hunt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546018\" class=\"content-area-description single-story post-546018 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-easter tag-enterpriseam tag-last-nights-talk-shows tag-ramadan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The talking heads once again downed their mics last night <\/strong>as the holiday season continues. We\u2019d like to say we\u2019re missing the dulcet tones of the pundits on our airwaves. We really would.<\/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\/easter\/\">Easter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ramadan\/\">Ramadan<\/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=\"546019\" 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-foekhds\" data-v=\"4\" data-block-id=\"foekhds\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-foekhds-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-foekhds-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-1zs4kyj\" data-v=\"4\" data-block-id=\"1zs4kyj\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-1zs4kyj-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-1zs4kyj-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-iz3sq6s\" data-v=\"4\" data-block-id=\"iz3sq6s\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-iz3sq6s-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-iz3sq6s-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-34se9hw\" data-v=\"4\" data-block-id=\"34se9hw\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-34se9hw-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-34se9hw-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=\"546020\" 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=\"546020\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/egypt-in-the-news-thumbs-up-for-the-proposed-polygamy-law\/\">\r\n                            Egypt in the News: Thumbs up for the proposed polygamy law                        <\/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\/20\/egypt-in-the-news-thumbs-up-for-the-proposed-polygamy-law\/\" 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\/20\/egypt-in-the-news-thumbs-up-for-the-proposed-polygamy-law\/')\">\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\/20\/egypt-in-the-news-thumbs-up-for-the-proposed-polygamy-law\/\">\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: Thumbs up for the proposed polygamy law&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/egypt-in-the-news-thumbs-up-for-the-proposed-polygamy-law\/\">\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\/20\/egypt-in-the-news-thumbs-up-for-the-proposed-polygamy-law\/&title=Egypt in the News: Thumbs up for the proposed polygamy law\">\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+Thumbs+up+for+the+proposed+polygamy+law+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fegypt-in-the-news-thumbs-up-for-the-proposed-polygamy-law%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\/20\/egypt-in-the-news-thumbs-up-for-the-proposed-polygamy-law\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546020\" class=\"content-area-description single-story post-546020 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-culture tag-enterpriseam tag-ramadan tag-religion tag-synagogues wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A proposed marriage law on polygamy could be good news for women\u2019s rights in the <\/strong><strong>country<\/strong>, according to an opinion piece by Cairo-based academic Heba Yosry carried by <a href=\"https:\/\/english.alarabiya.net\/views\/2022\/04\/19\/Egypt-s-proposed-marriage-law-can-usher-in-more-advances-for-women-s-rights\">Al Arabiya<\/a>. The bill <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a532b10c-6d32-48b8-ae25-38f2656e1998\">would require<\/a> a man to obtain the consent of his existing spouse(s) and fiance before being allowed to marry again, ensuring that the relationships are transparent and that the man provides financially for his first wife and children.<\/p>\n<p><strong>Also making headlines: <\/strong><\/p>\n<ul>\n<li><strong>The suspect in the murder of an Alexandria priest has been <\/strong><strong><a href=\"https:\/\/www.facebook.com\/ppo.gov.eg\/posts\/523264142495780\">sent to trial<\/a><\/strong><strong>: <\/strong>The man is charged with stabbing a Coptic priest to death in Alexandria <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e31b0ad-f7c9-49e1-905f-ef10ee6805d9\">earlier this month<\/a>. (<a href=\"https:\/\/www.thenationalnews.com\/mena\/egypt\/2022\/04\/19\/egypts-prosecution-refers-man-to-criminal-court-over-murder-of-coptic-priest\/\">The National<\/a>)<\/li>\n<li><strong>The return of mawa\u2019id rahman<\/strong> (charity tables) after being suspended for two years due to covid-19 restrictions gets some ink. (<a href=\"https:\/\/www.reuters.com\/world\/middle-east\/cairos-ramadan-street-feasts-return-after-coronavirus-suspension-2022-04-19\/\">Reuters<\/a>)<\/li>\n<li><strong>Egypt has begun the restoration of Old Cairo\u2019s <\/strong><strong>Ben Azra Synagogue<\/strong>, one of the oldest synagogues in the world. (<a href=\"https:\/\/www.arabnews.com\/node\/2066296\/middle-east\">Arab News<\/a>)<\/li>\n<\/ul>\n<p><strong>SETTING THE RECORD STRAIGHT-<\/strong> The Damietta Port Authority has released a <a href=\"https:\/\/www.facebook.com\/damietta.port\/posts\/350464913784796\">statement<\/a> saying that an oil tanker that ran aground off the Tunisian coast last week had not departed from the port, as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48fa04d9-0129-4576-879a-6e58f05627ad\">the Associated Press reported<\/a> in a story we noted in this space earlier this week.<\/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\/culture\/\">culture<\/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\/religion\/\">Religion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/synagogues\/\">synagogues<\/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=\"546021\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"546022\" 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=\"546022\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/\">\r\n                            Vehicles in the natgas replacement scheme could soon get pricier + more European green funds to banks for SME lending?                        <\/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\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/\" 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\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/')\">\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\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/\">\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=Vehicles in the natgas replacement scheme could soon get pricier + more European green funds to banks for SME lending?&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/\">\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\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/&title=Vehicles in the natgas replacement scheme could soon get pricier + more European green funds to banks for SME lending?\">\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=Vehicles+in+the+natgas+replacement+scheme+could+soon+get+pricier+%2B+more+European+green+funds+to+banks+for+SME+lending%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fvehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending%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\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546022\" class=\"content-area-description single-story post-546022 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-automotive tag-debt-watch tag-enterpriseam tag-oil-and-gas 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-06\"><\/a><strong> \u201cMost\u201d of the companies participating in the state\u2019s natgas vehicle swap scheme <\/strong><strong>have submitted requests to raise their prices<\/strong>, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19042022&id=2b6b64ee-247a-43ac-968c-33657f6905db\">Shorouk News<\/a> reports, citing the initiative\u2019s spokesman Tarek Awad. Under the rules of the scheme to switch passenger cars to run on natgas, companies can request to raise their prices by up to 10% if they can justify why. Late last year the Finance Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e0ef70e6-4c9d-41f3-b9c4-e734f2e35af4\">approved three such requests<\/a> from manufacturers amid the global supply crunch, adding EGP 3-5k to the price of some vehicles. Some 13k dual-fuel cars had been delivered by the end of January under the scheme, which is expected to see <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a946047f-ec53-4300-942f-165509dbcc68\">250k old cars<\/a> swapped out with natgas-run cars by the end of 2023.<\/p>\n<p><strong>Are the Green for Growth and Sanad funds close to approving loans worth USD 50 <\/strong><strong>mn to two banks for on-lending to SMEs?<\/strong> That\u2019s what <a href=\"https:\/\/bit.ly\/3uUUaWp\">Al Mal<\/a> reported yesterday, citing an interview with Mohamed Morsy, Egypt manager of impact investor <a href=\"https:\/\/www.finance-in-motion.com\/\">Finance in Motion<\/a> \u2014 a consultant to both funds. <strong>Morsy denied the news when we approached him yesterday<\/strong>, telling us that talks are still at an early stage and haven\u2019t yet agreed on the size or timeline of the loans. The two funds loaned <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/169dfb05-125a-4071-bb81-af610f454a22\">USD 75 mn<\/a> to Banque Misr for green on-lending last month.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"546023\" 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=\"546023\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/has-netflix-subscriber-growth-peaked\/\">\r\n                            Has Netflix subscriber growth peaked?                        <\/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\/20\/has-netflix-subscriber-growth-peaked\/\" 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\/20\/has-netflix-subscriber-growth-peaked\/')\">\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\/20\/has-netflix-subscriber-growth-peaked\/\">\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=Has Netflix subscriber growth peaked?&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/has-netflix-subscriber-growth-peaked\/\">\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\/20\/has-netflix-subscriber-growth-peaked\/&title=Has Netflix subscriber growth peaked?\">\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=Has+Netflix+subscriber+growth+peaked%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fhas-netflix-subscriber-growth-peaked%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\/20\/has-netflix-subscriber-growth-peaked\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546023\" class=\"content-area-description single-story post-546023 post type-post status-publish format-standard hentry category-planet-finance tag-banking tag-china tag-dewa tag-dubai tag-earnings tag-enterpriseam tag-financial-markets tag-ipo-watch tag-netflix tag-planet-finance tag-real-estate tag-russia-ukraine-conflict tag-uae 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>\n  <strong>Netflix saw nearly a quarter of its value wiped out after losing<br>\n    subscribers for the first <\/strong><strong>time in a decade:<\/strong> The streaming service lost 200k<br>\n  subscribers in 1Q and expects to lose another 2 mn this quarter, it said in<br>\n  its<br>\n  <a href=\"https:\/\/ent.news\/2022\/4\/FINAL-Q1-22-Shareholder-Letter.pdf\">shareholders letter<\/a><a href=\"https:\/\/ent.news\/2022\/4\/FINAL-Q1-22-Shareholder-Letter.pdf\"><br>\n    (pdf)<\/a>, disappointing investor expectations of continued growth. Income was nearly<br>\n  12% down for the quarter at USD 1.5 bn. The company blamed saturation in its<br>\n  major markets and acknowledged its rising competition (think the likes of<br>\n  Disney+). Shares in the streaming giant were down nearly 25% in after-hours<br>\n  trading,<br>\n  <a href=\"https:\/\/edition.cnn.com\/2022\/04\/19\/media\/netflix-earnings\/index.html\">CNN<\/a><br>\n  reports.\n<\/p><p>\n  <strong>SPEAKING OF DISNEY+, the streamer is due to land in Egypt and 15 other<br>\n    regional markets on 8 June.<\/strong><br>\n  Look for a subscription to cost you EGP 498.99 for the year or EGP 49.99 per<br>\n  month,<br>\n  <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71dbee68-f2d3-4761-8541-4ce22e390a86\">as we previously noted<\/a>.\n<\/p><p><strong>ALSO IN PLANET FINANCE\u2013<\/strong><\/p><ul>\n<li>\n    <strong>EFG Hermes, HSBC, Citigroup, Emirates NBD and other firms will share up<br>\n      to AED <\/strong><strong>357 mn (USD 97 mn) in fees<\/strong> for their work on Dubai main<br>\n    utilities firm<br>\n    <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fcf5f7a-191b-4ede-875c-4331c00b4ef5\">DEWA\u2019s blockbuster IPO<\/a>. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-19\/citi-hsbc-set-to-share-up-to-97-million-in-fees-from-dewa-ipo\">Bloomberg<\/a>)\n  <\/li>\n<li>\n    <strong>China\u2019s central bank <\/strong><strong><a href=\"http:\/\/www.pbc.gov.cn\/goutongjiaoliu\/113456\/113469\/4533227\/index.html\">has unveiled<\/a><\/strong><strong> a raft of measures to support the <\/strong><strong>economy<\/strong> amid damaging covid disruptions. The measures<br>\n    include promises to provide more financial support, boost lending, and<br>\n    expand the cross-border use of Chinese currency. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-19\/pboc-unveils-23-measures-in-latest-bid-to-revive-china-s-economy\">Bloomberg<\/a>)\n  <\/li>\n<\/ul><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets1\">\n            <use xlink:href=\"#e-TypeMarkets1\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>EGX30 <\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          10,627\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          -0.9% (YTD: -11.1%)\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets11\">\n            <use xlink:href=\"#e-TypeMarkets11\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>USD (CBE)<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          Buy 18.41\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          Sell 18.50\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets11\">\n            <use xlink:href=\"#e-TypeMarkets11\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>USD at CIB<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          Buy 18.43\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          Sell 18.50\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets\">\n            <use xlink:href=\"#e-TypeMarkets\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>Interest rates CBE<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          9.25% deposit\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          10.25% lending\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets1\">\n            <use xlink:href=\"#e-TypeMarkets1\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>Tadawul<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          13,506\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          -1.7% (YTD: +19.7%)\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets1\">\n            <use xlink:href=\"#e-TypeMarkets1\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>ADX<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          9,904\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          -0.4% (YTD: +16.7%)\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets11\">\n            <use xlink:href=\"#e-TypeMarkets11\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>DFM<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          3,646\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          +1.6% (YTD: +14.1%)\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets11\">\n            <use xlink:href=\"#e-TypeMarkets11\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>S&amp;P 500<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          4,462\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          +1.6% (YTD: -6.4%)\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets1\">\n            <use xlink:href=\"#e-TypeMarkets1\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>FTSE 100<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          7,601\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          -0.2% (YTD: +2.9%)\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets1\">\n            <use xlink:href=\"#e-TypeMarkets1\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>Euro Stoxx 50<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          3,831\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          -0.5% (YTD: -10.9%)\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets1\">\n            <use xlink:href=\"#e-TypeMarkets1\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>Brent crude<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          USD 107.25\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          -5.2%\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets11\">\n            <use xlink:href=\"#e-TypeMarkets11\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>Natural gas <\/strong>(Nymex)\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          USD 7.21\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          +0.4%\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets1\">\n            <use xlink:href=\"#e-TypeMarkets1\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>Gold<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          USD 1,948.24\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          -0.1%\n        <\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p>\n          <svg class=\"e-icon e-TypeMarkets11\">\n            <use xlink:href=\"#e-TypeMarkets11\"><\/use>\n          <\/svg>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          <strong>BTC<\/strong>\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          USD 41,317.69\n        <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"\n          border-right-style: solid;\n          padding: 5pt 5pt 5pt 5pt;\n          border-bottom-border-top-width: 1pt;\n          border-right-width: 1pt;\n          border-left-border-right-border-left-width: 1pt;\n          border-top-style: solid;\n          border-left-style: solid;\n          border-bottom-width: 1pt;\n          width: 139.2pt;\n          border-top-border-bottom-style: solid;\n        \">\n<p style=\"padding: 0; margin: 0; line-height: 1; text-align: left\">\n          +1.3% (as of midnight)\n        <\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p>\n  <strong>The EGX30 fell 0.9% at yesterday\u2019s close<\/strong> on turnover of EGP<br>\n  729 mn (21.3% below the 90-day average). Local investors were net buyers. The<br>\n  index is down 11.1% YTD.\n<\/p><p>\n  <strong>In the green: <\/strong>MM Group (+9.1%), Madinet Nasr Holding (+5.6%)<br>\n  and Ezz Steel (+5.1%).\n<\/p><p>\n  <strong>In the red: <\/strong>Oriental Weavers (-12.7%), Credit Agricole Egypt<br>\n  (-8.9%) and Egypt Kuwait Holding-EGP (-7.8%).\n<\/p><p>\n  <strong>Asian markets are mixed this morning<\/strong>, with shares in<br>\n  Shanghai, Hong Kong and Seoul under selling pressure. The Nikkei and ASX are<br>\n  both bucking the trend. Europe looks set to open in the green later this<br>\n  morning (only the CAC 40 will open in the red, futures suggest) while Wall<br>\n  Street will face selling pressure at the opening bell as \u201cinvestors digested<br>\n  disappointing Netflix earnings and looked ahead to a new batch of companies<br>\n  set to report Wednesday,\u201d<br>\n  <a href=\"https:\/\/www.cnbc.com\/2022\/04\/19\/stock-market-futures-open-to-close-news.html\">CNBC<\/a><br>\n  notes.<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dewa\/\">DEWA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dubai\/\">Dubai<\/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\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/netflix\/\">Netflix<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/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\/uae\/\">UAE<\/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=\"546024\" 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=\"546024\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/el-sisi-offers-condolences-to-south-africas-ramaphosa-after-durban-floods\/\">\r\n                            El Sisi offers condolences to South Africa\u2019s Ramaphosa after Durban floods                        <\/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\/20\/el-sisi-offers-condolences-to-south-africas-ramaphosa-after-durban-floods\/\" 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\/20\/el-sisi-offers-condolences-to-south-africas-ramaphosa-after-durban-floods\/')\">\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\/20\/el-sisi-offers-condolences-to-south-africas-ramaphosa-after-durban-floods\/\">\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=El Sisi offers condolences to South Africa\u2019s Ramaphosa after Durban floods&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/el-sisi-offers-condolences-to-south-africas-ramaphosa-after-durban-floods\/\">\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\/20\/el-sisi-offers-condolences-to-south-africas-ramaphosa-after-durban-floods\/&title=El Sisi offers condolences to South Africa\u2019s Ramaphosa after Durban floods\">\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=El+Sisi+offers+condolences+to+South+Africa%E2%80%99s+Ramaphosa+after+Durban+floods+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Fel-sisi-offers-condolences-to-south-africas-ramaphosa-after-durban-floods%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\/20\/el-sisi-offers-condolences-to-south-africas-ramaphosa-after-durban-floods\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546024\" class=\"content-area-description single-story post-546024 post type-post status-publish format-standard hentry category-diplomacy tag-abdel-fattah-el-sisi tag-cop27 tag-diplomacy tag-electricity-ministry tag-enterpriseam tag-south-africa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi called his South African counterpart Cyril <\/strong><strong>Ramaphosa<\/strong> to offer his condolences for the <a href=\"https:\/\/www.nytimes.com\/live\/2022\/04\/19\/world\/south-africa-floods\">recent floods<\/a> that struck the city of Durban, according to a <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/548465879975478\">statement<\/a>, adding that Egypt stands ready to assist in the humanitarian response. The pair also discussed the impact on Africa of Russia\u2019s war in Ukraine, as well as unspecified bilateral and regional issues.<\/p>\n<p><strong>The International Renewable Energy Agency (IRENA) wants to help us with COP <\/strong><strong>27 prep, <\/strong>IRENA project financing head Ahmed Badr told Electricity Minister Mohamed Shaker in a meeting, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/384306243739802\">cabinet statement<\/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\/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\/cop27\/\">COP27<\/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\/electricity-ministry\/\">Electricity Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-africa\/\">South Africa<\/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=\"546025\" 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=\"546025\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/libyan-lawmakers-leave-cairo-without-reconciling-but-talks-to-resume-in-may\/\">\r\n                            Libyan lawmakers leave Cairo without reconciling \u2014 but talks to resume in May                        <\/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\/20\/libyan-lawmakers-leave-cairo-without-reconciling-but-talks-to-resume-in-may\/\" 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\/20\/libyan-lawmakers-leave-cairo-without-reconciling-but-talks-to-resume-in-may\/')\">\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\/20\/libyan-lawmakers-leave-cairo-without-reconciling-but-talks-to-resume-in-may\/\">\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=Libyan lawmakers leave Cairo without reconciling \u2014 but talks to resume in May&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/libyan-lawmakers-leave-cairo-without-reconciling-but-talks-to-resume-in-may\/\">\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\/20\/libyan-lawmakers-leave-cairo-without-reconciling-but-talks-to-resume-in-may\/&title=Libyan lawmakers leave Cairo without reconciling \u2014 but talks to resume in May\">\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=Libyan+lawmakers+leave+Cairo+without+reconciling+%E2%80%94+but+talks+to+resume+in+May+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F20%2Flibyan-lawmakers-leave-cairo-without-reconciling-but-talks-to-resume-in-may%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\/20\/libyan-lawmakers-leave-cairo-without-reconciling-but-talks-to-resume-in-may\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546025\" class=\"content-area-description single-story post-546025 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-enterpriseam tag-libya tag-politics tag-regional-diplomacy tag-un wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Rival Libyan lawmakers concluded UN-brokered talks in Cairo without reaching an <\/strong><strong>agreement on a way forward to national elections<\/strong>, the <a href=\"https:\/\/unsmil.unmissions.org\/statement-special-adviser-secretary-general-libya-conclusion-current-round-libyan-constitutional\">UN<\/a> said yesterday. The weeklong talks brought together lawmakers from Libya\u2019s east-based parliament \u2014 which has called upon incumbent prime minister Abdul Hamid Dbeibah to step down \u2014 and from the Tripoli-based High Council of State, which continues to back Dbeibeh and his government.<\/p>\n<p><strong>The officials agreed to reconvene next month<\/strong> after Eid Al Fitr, <a href=\"https:\/\/apnews.com\/article\/middle-east-africa-religion-elections-egypt-4f88f212513144cf83af97df36328833\">AP quoted<\/a> the UN\u2019s special adviser on Libya, Stephanie Williams, as saying.<\/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\/around-the-world\/\">Around the World<\/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\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regional-diplomacy\/\">regional diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"546026\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhat\/\">\r\n                            Read Hardhat                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">13<\/div>\r\n    \r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/the-russia-ukraine-war-has-limited-egypts-shipping-options\/\"> \r\n                            The Russia-Ukraine war has limited Egypt\u2019s shipping options<\/a>\r\n                        <\/h3>\r\n    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/the-russia-ukraine-war-has-limited-egypts-shipping-options\/\" 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\/hardhats\/the-russia-ukraine-war-has-limited-egypts-shipping-options\/')\">\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\/hardhats\/the-russia-ukraine-war-has-limited-egypts-shipping-options\/\">\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=The Russia-Ukraine war has limited Egypt\u2019s shipping options&url=https:\/\/enterpriseam.com\/egypt\/hardhats\/the-russia-ukraine-war-has-limited-egypts-shipping-options\/\">\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\/hardhats\/the-russia-ukraine-war-has-limited-egypts-shipping-options\/&title=The Russia-Ukraine war has limited Egypt\u2019s shipping options\">\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=The+Russia-Ukraine+war+has+limited+Egypt%E2%80%99s+shipping+options+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fhardhats%2Fthe-russia-ukraine-war-has-limited-egypts-shipping-options%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n    \r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/the-russia-ukraine-war-has-limited-egypts-shipping-options\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/344.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"546027\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/the-russia-ukraine-war-has-limited-egypts-shipping-options\/344-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/344.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"344.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/344.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/344.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-546026\" class=\"content-area-description post-546026 hardhat type-hardhat status-publish has-post-thumbnail hentry tag-commodities tag-enterprise-hardhat tag-enterpriseam 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-08\"><\/a> <strong>How the Russia-Ukraine war is impacting shipping in Egypt:<\/strong> The ongoing war between Russia and Ukraine has piled on further pressure on an already-strained global supply chain, with soaring oil prices causing freight costs to jump, and container ships forced to use alternative routes as key ports remain closed. Global shipping giants, including Switzerland-based <a href=\"https:\/\/www.msc.com\/egy\/notices\/2022-march\/temporary-suspension-of-bookings-to-from-belarus\">MSC<\/a>, Denmark's Maersk and France's <a href=\"https:\/\/www.cma-cgm.com\/news\/4057\/black-sea-and-ukraine-situation-update-3\">CMA CGM<\/a> \u2014 all of which operate in Egypt \u2014 have all suspended routes to and from Russia until further notice. But the biggest challenge facing companies in Egypt looking to ship goods in and out of the country, is finding available space on board container ships for imports and exports, several sources speaking to Enterprise have said.<\/p>\n<p><strong>In general, it\u2019s getting harder to reserve container ships for inbound and outbound cargo: <\/strong>Companies have been facing increasing difficulty when it comes to reserving vacancies on container ships for their outgoing or incoming shipments to and from several markets, not just Russia and Ukraine, Ayman El Sheikh, head of the International Transport and Logistics Division at the Cairo Chamber of Commerce, told Enterprise. Coupled with the supply chain disruptions that began with the covid-19 pandemic, \u201cit is not possible to predict a breakthrough soon,\u201d he said.<\/p>\n<p><strong>Where did this issue come from?<\/strong> An uptick in demand for commodities from the US pushed shipping lines to pull empty container ships from certain markets and reroute them to others, leading to a rise in freight costs and a shortage of container space, the head of French shipping company CMA CGM\u2019s Sudan and Egypt unit, Tariq Zaghloul, told <a href=\"https:\/\/bit.ly\/3xwVzEm\">Al Mal<\/a> previously. And Egyptian importers and exporters are unable to cover the premiums that come with competing with the US to get priority in reserving container ships, a major shipping agent who asked to remain anonymous told us.<\/p>\n<p><strong>And increased costs aren\u2019t helping things: <\/strong>Higher input prices, such as fuel, have also added to the world\u2019s logistical challenges by driving up costs, Mostafa Ibrahim, a senior project manager at advisory firm <a href=\"http:\/\/impactinsights.net\/\">Impact Insights<\/a>, <a href=\"https:\/\/bit.ly\/3ttUHOa\">said<\/a> during the <a href=\"https:\/\/marlog.aast.edu\/\">2022 Marlog conference<\/a>. With oil currently trading at above USD 100 per barrel, the logistics sector is facing significant cost increases, as fuel represents 60% of the cost of a sea voyage for merchant ships, VP and CEO of Egyptian International Shipping Group Mohamed Abou Hashish told Enterprise. The escalation of oil prices on the back of the war have increased freight rates by an additional 5-10% so far, Abou Hashish added.<\/p>\n<p><strong>The shipping market in Egypt currently does not have a viable solution to independently address this shortage of container space due to the lack of national shipping lines<\/strong>, a sufficient shipping fleet to transport our trade, or enough storage and warehouse options, El Sheikh said. International conglomerates have acquired several local shipping and logistics companies in the past few years under the pretext of providing integrated services to their customers, but this resulted in these conglomerates monopolizing the market and controlling prices, he added.<\/p>\n<p><strong>Expect shipping ins. to get more complicated:<\/strong> The cost of ins. for shipments in the Black Sea area has soared, with ins. providers now charging up to \u201c10% of the value of a ship\u2019s hull \u2014 basically the vessel\u2019s worth as an asset \u2014 for what is called additional war-risk premium,\u201d Bloomberg reported recently, citing market players. Local ins. companies, meanwhile, are in wait-and-see mode to determine the rate of insuring shipments of goods from Russia in light of the increased risks, Misr Ins. Managing Director Omar Gouda told Enterprise.<\/p>\n<p><strong>Our agricultural trade with Russia + Ukraine specifically is in question as some shipping lines suspend their Black Sea routes: <\/strong>Egyptian exporters rely on Israel\u2019s ZIM line \u2014 which departs from Dekheila Port in Egypt to the ports of Novorsysk in Russia and Odessa in Ukraine \u2014 to export to Ukraine and Russia, Waleed Badr, chairman and CEO of shipping company <a href=\"https:\/\/www.egymar.com.eg\/\">EgyMar<\/a>, previously <a href=\"https:\/\/bit.ly\/3CZDnDU\">said<\/a>. However, this line has since been suspended due to the war. The Ocean Network Express, one of the world\u2019s largest refrigerated container lines, also indicated that its operations continued to be disrupted in the port of Odessa in Ukraine and the ports of Saint Petersburg and Novorossiysk in Russia \u201cdue to the continuing hostilities between the two countries.\u201d<\/p>\n<p><strong>\u2026Which has pushed the Sisi administration to find alternative markets for our commodities needs:<\/strong> The Agriculture Ministry added India as a new wheat import origin <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1614a7cb-444d-4140-bf18-f42c1d684158\">earlier this month<\/a>, and is also in talks with Pakistan and Mexico to import wheat, as we look beyond Russia and Ukraine (which typically supply c.80% of our wheat needs).<\/p>\n<p><strong>But new markets come with their own host of problems:<\/strong> Switching to other wheat exporters will incur additional shipping costs for Egypt. Romania and France are the closest potential suppliers in terms of distance, but cannot provide the required quantities in full. Instead, Egypt could look to the Australian and US markets \u2014 estimated to be twice the distance between them and Egyptian ports in Ukraine, for example \u2014 pushing up shipping costs in addition to increased price of a ton of wheat, explained Abou Hashish and Damietta Chamber of Shipping Chairman Abdel Azim El Reedy.<\/p>\n<p><strong>The silver lining: The Suez Canal may witness an increase in the number of ships transiting<\/strong> between Gulf countries and Europe \u2014 especially liquefied natural gas tankers and bulk ships carrying grain \u2014 as alternative markets to Russia and Ukraine, Suez Canal Authority Head Osama Rabie told Enterprise. The Suez Canal could achieve additional revenues of EGP 20-22 mn per month, especially after the authority decided that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c69655a0-5ba7-43da-826c-58b7b80d1d86\">LNG carriers will pay the full rate<\/a> to transit in March, Rabie predicts.<\/p>\n<p><strong>This could also be a good time to focus on expanding exports to Africa: <\/strong>The continent is experiencing a logistics boom with increased investments pouring in, Ibrahim said. Egypt should take advantage of the situation by providing raw materials or increasing exports to African nations, he added.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Egypt to increase LNG exports to Europe with Eni: <\/strong>Eni <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3447a945-6e65-40df-be0e-8cb09f5d1167\">signed an agreement<\/a> 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.<\/li>\n<li><strong>Gov\u2019t to offer 19 desalination projects to private-sector partners:<\/strong> The government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff082112-e478-487b-a0c2-e199f2c1acad\">will soon offer<\/a> nineteen water desalination projects with a combined production capacity of 3.3 mn cubic meters\/day for the private sector to bid on.<\/li>\n<li><strong>Infinity launches EV charging stations in the Delta:<\/strong> Renewable energy player Infinity <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ef281e2-2e11-46a1-b299-fa12cc73d172\">has opened<\/a> seven new electric vehicle (EV) charging stations in the Nile Delta, marking its debut in the region.<\/li>\n<li><strong>Progress on Dabaa: <\/strong>A Russian delegation has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a07e57d5-42b9-4637-9eb3-da04e571f92e\">visited the site<\/a> of the Rosatom-led Dabaa nuclear plant to check up on the progress of groundwork, and French consulting and engineering firm EGIS is looking into taking part in the plant\u2019s construction.<\/li>\n<li><strong>2Africa subsea cable makes first landing in Genoa, Italy: <\/strong>The 2Africa consortium including Telecom Egypt announced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a07e57d5-42b9-4637-9eb3-da04e571f92e\">the first landing<\/a> of the 2Africa cable in Genoa, Italy.<\/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\/commodities\/\">commodities<\/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>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"546028\" 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\/20\/546028\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546028\" class=\"content-area-description single-story post-546028 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: 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>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>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 (national holiday).<\/p>\n<p>25 April (Monday): Sinai Liberation Day.<\/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>May: General Authority for Land and Dry Ports to issue the conditions booklet for the tender to establish and operate the Tenth of Ramadan dry port.<\/p>\n<p>30 April - 5 May (Saturday-Thursday): <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/383615447142215\">National holiday<\/a> in observance of Labor Day and Eid Al Fitr.<\/p>\n<p>1 May (Sunday): Labor Day.<\/p>\n<p>2 May (Monday): Eid Al Fitr (TBC).<\/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>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>25 May (Wednesday): The <a href=\"https:\/\/bit.ly\/36oOWst\">deadline for<\/a> private companies to pre-register ahead of bidding for the second phase of the PPP national project to establish and operate 1k language schools.<\/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>21-22 June (Tuesday-Wednesday): <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/298129062496947\">Aswan Forum for Sustainable Peace and Development<\/a>, Cairo.<\/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>1 October (Saturday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/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 its 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>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/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":546003,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-546002","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6bea0bc7-e8e8-4089-88c4-0a843736f374","teaser":"","photo_url":"https:\/\/ent.news\/2022\/4\/29.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>IMF downgrades global growth forecasts for 2022 and 2023, but Egypt looks set to fare better than most - 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\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF downgrades global growth forecasts for 2022 and 2023, but Egypt looks set to fare better than most\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T21:17:16+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\/29.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\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/\",\"name\":\"IMF downgrades global growth forecasts for 2022 and 2023, but Egypt looks set to fare better than most - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/29.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-04-20T03:56:11+00:00\",\"dateModified\":\"2025-12-15T21:17:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/29.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/29.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#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\":\"IMF downgrades global growth forecasts for 2022 and 2023, but Egypt looks set to fare better than most\"}]},{\"@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":"IMF downgrades global growth forecasts for 2022 and 2023, but Egypt looks set to fare better than most - 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\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/","og_locale":"en_US","og_type":"article","og_title":"IMF downgrades global growth forecasts for 2022 and 2023, but Egypt looks set to fare better than most","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-15T21:17:16+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/29.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/","name":"IMF downgrades global growth forecasts for 2022 and 2023, but Egypt looks set to fare better than most - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/29.jpg?fit=%2C&ssl=1","datePublished":"2022-04-20T03:56:11+00:00","dateModified":"2025-12-15T21:17:16+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/29.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/29.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-downgrades-global-growth-forecasts-for-2022-and-2023-but-egypt-looks-set-to-fare-better-than-most\/#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":"IMF downgrades global growth forecasts for 2022 and 2023, but Egypt looks set to fare better than most"}]},{"@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\/546002","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\/546002\/revisions"}],"predecessor-version":[{"id":546038,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546002\/revisions\/546038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546003"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}