{"id":546154,"date":"2022-05-05T03:55:55","date_gmt":"2022-05-05T03:55:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=546154"},"modified":"2025-12-15T21:20:32","modified_gmt":"2025-12-15T21:20:32","slug":"heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/","title":{"rendered":"Here\u2019s everything you missed this week while you\u2019ve been on break for Eid El Fitr"},"content":{"rendered":"<section id=\"546156\" 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=\"546156\">\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\/05\/05\/this-morning-fed-hikes-interest-rates-50-bps-says-more-in-store-bad-weather-in-india-could-be-bad-news-for-egypt\/\">\r\n                            THIS MORNING: Fed hikes interest rates 50 bps, says more in store + Bad weather in India could be bad news for Egypt                        <\/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\/05\/05\/this-morning-fed-hikes-interest-rates-50-bps-says-more-in-store-bad-weather-in-india-could-be-bad-news-for-egypt\/\" 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\/05\/05\/this-morning-fed-hikes-interest-rates-50-bps-says-more-in-store-bad-weather-in-india-could-be-bad-news-for-egypt\/')\">\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\/05\/05\/this-morning-fed-hikes-interest-rates-50-bps-says-more-in-store-bad-weather-in-india-could-be-bad-news-for-egypt\/\">\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: Fed hikes interest rates 50 bps, says more in store + Bad weather in India could be bad news for Egypt&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/this-morning-fed-hikes-interest-rates-50-bps-says-more-in-store-bad-weather-in-india-could-be-bad-news-for-egypt\/\">\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\/05\/05\/this-morning-fed-hikes-interest-rates-50-bps-says-more-in-store-bad-weather-in-india-could-be-bad-news-for-egypt\/&title=THIS MORNING: Fed hikes interest rates 50 bps, says more in store + Bad weather in India could be bad news for Egypt\">\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+Fed+hikes+interest+rates+50+bps%2C+says+more+in+store+%2B+Bad+weather+in+India+could+be+bad+news+for+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F05%2Fthis-morning-fed-hikes-interest-rates-50-bps-says-more-in-store-bad-weather-in-india-could-be-bad-news-for-egypt%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\/05\/05\/this-morning-fed-hikes-interest-rates-50-bps-says-more-in-store-bad-weather-in-india-could-be-bad-news-for-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546156\" class=\"content-area-description single-story post-546156 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-commodities tag-enterpriseam tag-interest-rates tag-us-federal-reserve tag-what-were-tracking-today tag-wheat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, wonderful people. We know we said we wouldn\u2019t be back in your <\/strong><strong>inboxes until Sunday<\/strong>, but we missed you and thought we\u2019d pop in with a quick update at the end of what we hope has been a very relaxing week for all of you. Think of today\u2019s issue as a gentle orientation to where you are in time and space so that you can then slide into the weekend feeling on top of everything.<\/p>\n<p><strong>We hope you\u2019re not as jetlagged from Ramadan <\/strong>as we still feel. Take heart: You have two more days in which to set things right.<\/p>\n<p><strong>We\u2019re now about two months away from the dog days of summer \u2014 what are your top <\/strong><strong>priorities for May and June? <\/strong>Drop us a line at editorial@enterprise.press and let us know.<\/p>\n<p><strong>What were the big, ongoing stories when last we wrote you? <\/strong>We went into Eid El Fitr with big stories including:<\/p>\n<ul>\n<li>The wait for news about ongoing talks on an <strong>IMF assistance package<\/strong> (there\u2019s still nothing but the sound of crickets);<\/li>\n<li>President Abdel Fattah El Sisi\u2019s late-month announcement that his administration is looking to <strong>net USD 40 <\/strong><strong>bn in investment from the private sector<\/strong> over a four-year period through the sale of state-owned assets;<\/li>\n<li>El Sisi\u2019s directive that we will see the <strong>sale of stakes in military-owned companies<\/strong> by the end of this year (remember: think this is more likely to be via stake sale than IPO);<\/li>\n<li>Multinationals pledged to invest bns to build <strong>green fuels plants in Egypt<\/strong>\u2019s SCZone;<\/li>\n<li>Egypt is looking to <strong>capitalize on Europe\u2019s booming demand for LNG<\/strong> \u2014 and we had sent our first cargo to Latin America;<\/li>\n<li>A top Bulge Bracket bank suggested <strong>inflation<\/strong> could hit as high as 17% this year (if transiently).<\/li>\n<\/ul>\n<p><strong>And that was just in the last week or so of Ramadan \u2014 it was NOT a quiet month. <\/strong>The \u201cRamadan news slowdown\u201d was little more than vaporware: The month also saw ADQ invest USD 1.8 bn in blue-chip EGX-listed companies; the Madbouly government promise new regulations to make life easier for VCs and entrepreneurs building startups; tons of new funding announcements; and transport app Swvl make its Nasdaq debt \u2014 and pull the trigger on acquisitions. We could go on, but you remember now, right?<\/p>\n<p><strong>THE BIG STORY HERE AT HOME <\/strong><strong>on this holiday week? Inflation. <\/strong>With no news coming from companies or government, the local press ran story after story running down lists of prices of everything under the sun. Which brings us, (not-so) oddly enough, to:<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>THE BIG STORY ABROAD- The US Federal Reserve raised interest rates 50 percentage <\/strong><strong>points<\/strong> at its meeting yesterday, delivering its biggest rate hike since 2000 (but still short of speculation that it would go for a comparatively massive 75 bps hike). GCC economies that peg their currencies to the USD promptly followed suit.<\/p>\n<p><strong>And there\u2019s more to come: <\/strong>\u201cThere is a broad sense on the [federal open markets] committee that additional 50 basis point increases should be on the table at the next couple of meetings,\u201d Fed boss Jay Powell said at a presser following the announcement.<\/p>\n<p><strong>US markets cheered the news: <\/strong><a href=\"https:\/\/www.cnbc.com\/2022\/05\/03\/stock-market-futures-open-to-close-news.html\">The Dow rose 900 points<\/a> in a \u201crelief rally\u201d sparked by the hopes of some investors that the Fed can find a way to slow inflation without causing a recession. Tech stocks were among the top gainers. Powell said the central bank is \u201cnot actively considering\u201d raising rates in 75 bps increments<\/p>\n<p><strong>The move will make borrowing more expensive <\/strong>for everything from car to home finance.<\/p>\n<p><strong>The Bank of England is <\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2022\/05\/04\/bank-of-england-fourth-straight-rate-hike-expected-as-inflation-soars.html\">widely expected to do the same when it meets later today<\/a><\/strong>, going for its fourth straight hike after annual inflation in the United Kingdom hit a 30-year high of 7% in March thanks to (sing along with us now, everyone): Vladimir Putin\u2019s war in Ukraine. The European Central Bank is also expected to follow suit when it <a href=\"https:\/\/www.ecb.europa.eu\/press\/calendars\/mgcgc\/html\/index.en.html\">meets in early June<\/a>.<\/p>\n<p><strong>The Central Bank of Egypt meets two weeks from today<\/strong> on Thursday, 19 May to review rates.<\/p>\n<p><strong>The Fed\u2019s hike is the lead story in the global business press: <\/strong><a href=\"https:\/\/www.wsj.com\/livecoverage\/federal-reserve-meeting-inflation-rate-may-2022\">Wall Street Journal<\/a> | <a href=\"https:\/\/www.ft.com\/content\/f8558dbf-7d30-421b-922a-1cf682e6b387\">Financial<\/a><a href=\"https:\/\/www.ft.com\/content\/f8558dbf-7d30-421b-922a-1cf682e6b387\">Times<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-04\/powell-vows-to-curb-inflation-with-hikes-that-risk-economic-pain\">Bloomberg<\/a> | <a href=\"https:\/\/www.businessinsider.com\/fed-raises-interest-rates-may-double-sized-hike-mortgages-loans-2022-5\">Business Insider<\/a> | <a href=\"https:\/\/www.cnbc.com\/2022\/05\/04\/fed-raises-rates-by-half-a-percentage-point-the-biggest-hike-in-two-decades-to-fight-inflation.html\">CNBC<\/a><\/p>\n<hr class=\"grey-line\">\n<p><strong>Among the other big international headlines worth knowing about:<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>BAD WEATHER IN INDIA COULD BE BAD NEWS for Egypt. <\/strong>India\u2019s wheat output this year looks like it could fall for the first time after five consecutive record crops. India, the world\u2019s second-largest wheat producer, is now looking to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9170b6fd-ef19-467c-9118-375093fcd876\">sell to Egypt for the first time<\/a>, but crop yields were hit by a sudden spike in temperatures in mid-March. Expect to wait \u201csome time\u201d before we see the full extent of the hit \u2014 a best-case scenario seems to be a crop as large as last year\u2019s, government officials suggest. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-04\/india-considers-restricting-wheat-exports-as-heat-destroys-crops?sref=mmeFTDW1\">Bloomberg<\/a> and <a href=\"https:\/\/www.reuters.com\/world\/india\/after-five-record-crops-heat-wave-threatens-indias-wheat-output-export-plans-2022-05-02\/\">Reuters<\/a> have more.<\/p>\n<p><strong>ACROSS THE OCEAN- An unprecedented leak from the US Supreme Court has ignited a <\/strong><strong>furor <\/strong>as it appears a majority of its nine members have voted to overturn Roe v. Wade, a 49-year-old precedent that established the state had no right to bar women from seeking an abortion. An early draft of the court\u2019s not-yet-official decision leaked to <a href=\"https:\/\/www.politico.com\/news\/2022\/05\/02\/supreme-court-abortion-draft-opinion-00029473\">Politico<\/a>.<\/p>\n<p><strong>AND- It seems MbS has made up with the guy who runs Turkey. <\/strong>Saudi Crown Prince Mohamed bin Salman met in KSA with Erdo a week ago tonight. MbS allowed himself to be <a href=\"https:\/\/www.ft.com\/content\/96ce82a0-e654-4d57-b10b-5be5ef6beab1\">publicly embraced by the Turkish president<\/a>. Their years-long spat had less to do with the murder of journalist Jamal Kashoggi in Turkey than it did with Ankara\u2019s bid under Erdogan to try to reshape Mideast affairs, including through its embrace of the Ikhwan.<\/p>\n<p><strong>MEANWHILE- Top European Union officials are looking to impose a <\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/europe\/eu-lay-out-new-sanctions-russia-targeting-oil-imports-2022-05-04\/\">phased oil embargo<\/a><\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/europe\/eu-lay-out-new-sanctions-russia-targeting-oil-imports-2022-05-04\/\">on Russian crude<\/a><\/strong> in what pundits are billing as the \u201ctoughest sanctions yet\u201d on Moscow over its war in Ukraine. The bloc is also reportedly looking to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-04\/eu-plans-to-block-russians-from-buying-european-real-estate\">ban Russians from buying European real estate<\/a>.<\/p>\n<p><strong>Russia\u2019s war in Ukraine shows no signs of ending soon. <\/strong>US intelligence agencies are reportedly helping Ukrainians kill Russian generals, according to the <a href=\"https:\/\/www.nytimes.com\/2022\/05\/04\/us\/politics\/russia-generals-killed-ukraine.html\">New York Times<\/a>. Moscow had not, as of dispatch time this morning, reacted to the revelation. Meanwhile, <a href=\"https:\/\/www.reuters.com\/world\/europe\/sweden-says-it-received-us-security-assurances-if-it-hands-nato-application-2022-05-04\/\">Finland and Sweden<\/a> are edging closer to applying for Nato membership.<\/p>\n<p style='font-size: 18px;font-weight: bold' >DATA WATCH<\/p>\n<p><strong>GOOD NEWS ON THE FX FRONT- Suez Canal revenues hit a record high in April:<\/strong> Suez Canal revenues for the month of April reached USD 629 mn \u2014 the highest monthly gain in the canal\u2019s history, according to a statement from the Suez Canal Authority that was <a href=\"https:\/\/asharq.com\/latest-news\/6CckZBwa3RvMeKHlcugKME\/\">widely picked up<\/a>. Revenues in April were up 13.6% y-oy, the statement said. At least part of the boost in traffic through the canal is probably thanks to <a href=\"https:\/\/www.voanews.com\/a\/6555443.html\">GCC oil producers sending more cargoes to Europe<\/a> to make up volume taken off the market by Russia\u2019s invasion of Ukraine.<\/p>\n<p><strong>Speaking of FX, the Finance Ministry raised the customs FX rate for imports of <\/strong><strong>strategic goods to EGP 17.00 to the greenback starting 1 May<\/strong>, up from EGP 16.00 in April following the devaluation, according to a copy of rates issued by the Customs Authority and published by <a href=\"https:\/\/bit.ly\/3KLHA0v\">Al Mal<\/a>.<\/p>\n<p><strong>SMART POLICY- The CBE topped the list of central banks raising their gold reserves in <\/strong><strong>1Q2022<\/strong>, purchasing up to 44.06 tonnes of gold during the quarter, according to <a href=\"https:\/\/www.gold.org\/goldhub\/data\/gold-reserves-by-country\">data from the World Gold Council<\/a>, which were released late last month. This brought Egypt\u2019s total gold reserves to around 125 tonnes. Other big gold bugs include Turkey, India, Argentina and Ireland.<\/p>\n<p style='font-size: 18px;font-weight: bold' >HAPPENING TODAY-<\/p>\n<p><strong>OPEC+ looks set to agree to a very small increase in June production <\/strong>when oil ministers from the expanded cartel <a href=\"https:\/\/www.reuters.com\/business\/energy\/opec-sees-bigger-2022-surplus-amid-slower-demand-growth-report-2022-05-04\/\">meet later today<\/a>. The group has been under pressure to more rapidly ramp up production. The embargo on Russian oil will likely see Western countries redouble pressure on KSA and the Emirates in a bid to get them to open the spigot, while producers including Nigeria and Angola have under-invested in both maintenance and exploration and production activity, meaning they have limited ability to pump and ship more.<\/p>\n<p><strong>OTHERWISE- Expect a whole lot of nothing<\/strong>, if the resounding silence of our inboxes \/ phones \/ WhatsApps is anything to go by. ?<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p style='font-size: 18px;font-weight: bold' >SIGNS OF THE TIMES-<\/p>\n<p><strong>Straight from the dumpster fire that is our social media:<\/strong><\/p>\n<p><strong>Layoffs are starting on Panet Startup (in the United States)<\/strong>, <a href=\"https:\/\/www.axios.com\/layoff-rumblings-roil-startup-land-8c5ccdc2-52d0-4608-a069-f480ec45a49c.html\">Axios<\/a> reports. The media organization joins Benchmark venture capitalist <a href=\"https:\/\/twitter.com\/bgurley\/status\/1520111743942418434\">Bill Gurley, who seems to smell it in the air, too, writing in a recent thread:<\/a> \u201cAn entire generation of entrepreneurs & tech investors built their entire perspectives on valuation during the second half of a 13-year amazing bull market run. The \u2018unlearning\u2019 process could be painful, surprising, & unsettling to many. I anticipate denial.\u201d<\/p>\n<p><strong>You\u2019re going to face lineups at the <\/strong><strong>Louvre<\/strong><strong> \/ Empire State Building \/ Coliseum <\/strong>as operators gear up for a busy summer despite suggestions from public health officials that we\u2019re seeing a new \u201csilent\u201d wave of covid-19. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-03\/airbnb-sees-substantial-demand-for-travel-exceeding-estimates\">Airbnb\u2019s sales for 1Q (and its 2Q forecast) point to \u201csubstantial demand\u201d for travel.<\/a> Indeed, the WSJ is telling us that (in the US, at leat) <a href=\"https:\/\/www.wsj.com\/articles\/american-consumers-travel-gyms-shopping-11651673590\">everyone is shopping, traveling and working out like it is 2019<\/a>. Expect plenty of delays at the airport, Canada\u2019s <a href=\"https:\/\/www.ctvnews.ca\/canada\/welcome-to-the-new-normal-airport-passport-delays-expected-to-last-into-summer-expert-says-1.5888062\">CTV<\/a> writes.<\/p>\n<p><strong>Brokers, bankers and other finance types in the UK have seen their salaries spike 31% <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-03\/u-k-pay-for-finance-workers-surges-at-double-the-national-rate\">since the start of covid<\/a>, prompting hand-wringing about wealth inequalities. Crack down on the bn\u2019aires (do we really need bn\u2019aires, decas in particular?) and then talk to us about that. There were 13 bn\u2019aires in the United States back in 2022. There are at least 650 now \u2014 and some 2.7k of them globally, controlling tns in wealth.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MORNING MUST READ- For tech and product nerds \u2014 and entrepreneurs hitting a <\/strong><strong>certain stage in their growth stories: <\/strong><a href=\"https:\/\/www.nytimes.com\/2022\/05\/01\/technology\/jony-ive-apple-design.html\">How technocrats triumphed at Apple<\/a>, by NYT tech writer Tripp Mickle, who zeroes in on the departure of Apple design boss Jony Ive to suggest the tech giant has lost its soul. We\u2019re not sure we\u2019re on the same page as Mr. Mickle (<strong>there has to be some balance between thin-and-light and, say \u2026 ports and functional keyboards<\/strong>, both of which Ive destroyed), but we\u2019ll hold our tongue until we have the time to read his book on this very same topic. <a href=\"https:\/\/www.amazon.com\/After-Steve-Became-Trillion-Dollar-Company-ebook\/dp\/B09BNJ4LPX\/\">After Steve: How Apple became a tn-USD company and lost its soul<\/a> was released yesterday.<\/p>\n<p style='font-size: 18px;font-weight: bold' >CIRCLE YOUR CALENDAR-<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>PSA #1- The FRA is merciful\u2026 <\/strong>Listed companies have until Tuesday, 31 May to file their 1Q 2021 financials, the Financial Regulatory Authority said in a <a href=\"https:\/\/ent.news\/2022\/5\/FRA_1Q2021_earnings_deadline_Ar.pdf\">statement (pdf)<\/a> out before the Eid El Fitr break.<\/p>\n<p><strong>PSA #2- \u2026and so is Mohamed Maait: <\/strong>Companies have until Sunday, 8 May to submit their corporate tax filings, after the <a href=\"https:\/\/www.facebook.com\/photo.php?fbid=300039678968643&set=a.112629961042950&type=3\">Egyptian Tax Authority pushed the deadline<\/a> to account for the weeklong Eid break. The previous deadline would have seen businesses file their returns on Saturday, 30 April.<\/p>\n<p><strong>PSA #3- It\u2019s nearly (US and Canadian) Mother\u2019s Day<\/strong> \u2014 it will be observed this coming Sunday.<\/p>\n<p><strong>REMINDER- Privatization strategy announcement next week. <\/strong>The Madbouly government is due to announce next week the outline of its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d69f67ca-4a47-4014-9416-a15331ddcadd\">strategy to privatize state-owned firms<\/a> and boost private-sector participation in the economy.<\/p>\n<p><strong>The PSA world squash championships get underway in Cairo a week from tomorrow<\/strong>, with the first games set for Friday, 13 May. Play wraps up on 22 May. There is USD 550k at stake for each of the men\u2019s and women\u2019s championships, making this <a href=\"https:\/\/psaworldtour.com\/news\/view\/9891\/record-prize-money-on-offer-at-2021-22-psa-world-championships\">the biggest purse on record<\/a> for a squash tourney.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>NEWS TRIGGERS<\/strong> you\u2019ll want to keep an eye on as this new month gets underway:<\/p>\n<ul>\n<li><strong>The purchasing managers\u2019 index <\/strong>for Egypt covering the month of April will be released on Sunday, 8 May. The indexes for Saudi Arabia and the UAE will be out the next day. Egypt\u2019s private sector has been in contraction since November 2020. Expect further headwinds last month thanks in large part to fallout from Russia\u2019s war in Ukraine.<\/li>\n<li><strong>Foreign reserves:<\/strong> Figures for April should be announced some time next week;<\/li>\n<li>State statistics agency Capmas\u2019 monthly bulletin covering<strong> the price of key building <\/strong><strong>materials<\/strong> is due out on Monday, 9 May; <\/li>\n<li><strong>Inflation figures<\/strong> for April are due out on Tuesday, 10 May. Between the global environment, knock-on effects from the devaluation of the EGP, and the traditional inflationary hit thanks to Ramadan, you can expect the number to be a bit on the ugly side.<\/li>\n<li><strong>The Central Bank of Egypt\u2019s monetary policy committee meets <\/strong>on Thursday, 19 May.<\/li>\n<\/ul>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p><strong>***<\/strong><br \/> <strong>WE\u2019RE LOOKING FOR SMART, TALENTED PEOPLE to help us build some very cool new things<\/strong>. Today, we run two daily publications, five weekly industry verticals, a monthly newsletter designed to make our readers feel just a bit smarter.<\/p>\n<p><strong>We have tons more in the pipeline \u2014 come help us build new publication<\/strong>s. 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: To create value for our growing community of >199k readers by telling stories that matter.<\/p>\n<p>We\u2019re looking for <strong>editors<\/strong> who want to run publications and teams, editors to help reporters craft stories and talented <strong>reporters<\/strong>. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you\u2019re an equities analyst tired of the rat race, we\u2019re a great place to come work.<\/p>\n<p><strong>Apply directly to jobs@enterprisemea.com and mention Patrick in your subject line.<\/strong><\/p>\n<p><a href=\"https:\/\/enterprise.press\/2022\/04\/28\/come-work-us-hiring-reporters-editors-new-existing-products\/\">Or hit this link for more information.<\/a> It\u2019s worth it \u2014 trust us.<br \/> <strong>***<\/strong><\/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\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-federal-reserve\/\">US Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"546157\" 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=\"546157\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/546157\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546157\" class=\"content-area-description single-story post-546157 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 decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/SOMA-ENTERPRISEFOOTGOLFFINAL-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p>Let\u2019s Footgolf and go on an adventure. Explore a floodlit nine-hole footgolf course at Somabay Golf, the first of its kind in Egypt. Open: Friday-Monday, 6:00pm-10:00pm. For more information, visit: https:\/\/somabay.com\/golf\/<\/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=\"546158\" 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=\"546158\">\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\">Automotive<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/\">\r\n                            Fallout from war in Ukraine officially hit the auto industry in March \u2014 as expected                        <\/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\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/\" 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\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/')\">\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\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/\">\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=Fallout from war in Ukraine officially hit the auto industry in March \u2014 as expected&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/\">\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\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/&title=Fallout from war in Ukraine officially hit the auto industry in March \u2014 as expected\">\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=Fallout+from+war+in+Ukraine+officially+hit+the+auto+industry+in+March+%E2%80%94+as+expected+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F05%2Ffallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected%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\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/80.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"546159\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/80-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/80.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"80.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/80.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/80.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546158\" class=\"content-area-description single-story post-546158 post type-post status-publish format-standard has-post-thumbnail hentry category-automotive tag-amic tag-automotive tag-automotive-directive tag-enterpriseam tag-investment-watch tag-mercedes-benz-egypt tag-nevine-gamea 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>Passenger car sales fell 3% y-o-y in March<\/strong>, according to figures from the Automotive Information Council (AMIC), an industry association to which most distributors report sales. AMIC data shows that around 18.9k cars were sold in March, down from 19.5k in the same period last year. That ends a run of growth that began last year. You can thank shortages of components, rising inflation, disruption to local production, a slowdown in imports, and the upward pressure on prices following the float of the EGP toward the end of March. Last year saw the sector shrug off the global chip shortage as strong demand pushed sales to their highest levels since the EGP float in 2016.<\/p>\n<p><strong>The breakdown:<\/strong><\/p>\n<ul>\n<li><strong>Total vehicle sales fell sharply:<\/strong> Overall, the auto industry sold 23.8k vehicles during the month, down 9.4% from last year.<\/li>\n<li><strong>A massacre in truck sales: <\/strong>Truck sales saw the most significant drop out of any other segment, falling 32.9% y-o-y to nearly 3.2k.<\/li>\n<li><strong>Bus sales extended their drop:<\/strong> Some 1.7k buses (historically, the worst performing segment) were sold in March, down nearly 16.6% y-o-y thanks to cutbacks in the tourism industry, which is reeling from the drop in Russian and Ukrainian tourists.<\/li>\n<\/ul>\n<p><strong>This was expected: <\/strong>The impact of the war in Ukraine on the industry \u2014 including soaring commodity prices, further supply disruptions and the EGP devaluation \u2014 was expected to be felt properly in March, industry insiders told us <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a48fa3e-2750-4d8d-8ad9-77c6e0fee40f\">last month<\/a>.<\/p>\n<p><strong>Car prices were rising \u2014 until the gov\u2019t imposed caps: <\/strong>As of last month, car dealers were not able to hike prices above the price set by the official distributor. Dealers that sell at higher rates will face fines of up to EGP 2 mn. Many dealers have been hiking car prices, or refusing to sell at all, since the EGP devaluation. It\u2019s not clear how long the price freeze will last.<\/p>\n<p><strong>AMIC data is self-reported by member distributors<\/strong>, who include the majority of (but not all) industry participants.<\/p>\n<p><strong>IN OTHER AUTOMOTIVE NEWS-<\/strong><\/p>\n<p><strong>Is Mercedes-Benz interested in investing more in Egypt? <\/strong>Trade and Industry Minister Nevine Gamea met with Mercedes-Benz Egypt CEO Gerd Bitterlich on Tuesday to discuss the company\u2019s current and future investments in Egypt, according to a ministry <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/pfbid0RWJvyCCTKQecq51DFm3ctSvZwVFG2z4pA3KgfrMZ8HnfhefxcZFLwEeqytL18k45l\">statement<\/a>. Key points in the talks included discussion of the government\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a06d4ec-4025-490e-8842-45c8a9fe0d8a\">automotive strategy<\/a> (the updated version of the now-defunct <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/13\/govt-to-have-automotive-directive-ready-by-the-fall\/\">automotive directive<\/a>), which aims to increase local vehicle manufacturing and assembly and increase the sector\u2019s competitiveness to become a regional manufacturing hub and bolster export volumes. Gamea stressed that this would be a government priority.<\/p>\n<p><strong>Want to read more on what the automotive industry wants to get out of the strategy?<\/strong> Read our inaugural Inside Industry story <a href=\"https:\/\/enterprise.press\/industries\/%f0%9f%8f%ad-inside-industry\/\">here<\/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\/amic\/\">AMIC<\/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\/automotive-directive\/\">Automotive Directive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mercedes-benz-egypt\/\">Mercedes-Benz Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nevine-gamea\/\">Nevine Gamea<\/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=\"546160\" 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=\"546160\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/ebrd-buys-into-scatecs-green-bond-issuance\/\">\r\n                            EBRD buys into Scatec\u2019s green bond issuance                        <\/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\/05\/05\/ebrd-buys-into-scatecs-green-bond-issuance\/\" 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\/05\/05\/ebrd-buys-into-scatecs-green-bond-issuance\/')\">\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\/05\/05\/ebrd-buys-into-scatecs-green-bond-issuance\/\">\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=EBRD buys into Scatec\u2019s green bond issuance&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/ebrd-buys-into-scatecs-green-bond-issuance\/\">\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\/05\/05\/ebrd-buys-into-scatecs-green-bond-issuance\/&title=EBRD buys into Scatec\u2019s green bond issuance\">\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=EBRD+buys+into+Scatec%E2%80%99s+green+bond+issuance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F05%2Febrd-buys-into-scatecs-green-bond-issuance%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\/05\/05\/ebrd-buys-into-scatecs-green-bond-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/82.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"546161\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/ebrd-buys-into-scatecs-green-bond-issuance\/82-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/82.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"82.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/82.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/82.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546160\" class=\"content-area-description single-story post-546160 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-ebrd tag-enterpriseam tag-green-bonds tag-green-investing tag-investment-watch tag-renewable-energy tag-scatec wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The European Bank for Reconstruction and Development (EBRD) has confirmed that it is <\/strong><strong>snapping up to USD 100 mn worth of Scatec\u2019s USD 334.5 mn green bond issuance<\/strong> to refinance its <a href=\"https:\/\/scatec.com\/2019\/10\/16\/scatec-solar-completes-the-390-mw-benban-project-in-egypt\/\">six solar plants<\/a> in Benban. The EBRD is also providing a USD 30 mn credit enhancement facility for participating institutional investors, the bank said in <a href=\"https:\/\/ent.news\/2022\/5\/EBRD-PR-Green-Bond_Scatec_Arabic.pdf\">a statement (pdf)<\/a> right before the Eid break. The 19-year issuance was fully snapped up by institutional investors, most of them development finance organizations, the Madbouly cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/85bc2129-c1ea-420b-9798-771ff78d5b5f\">said last month.<\/a><\/p>\n<p><strong>Who else is getting in on the transaction?<\/strong> Development finance institutions subscribing to the offering include the US International Development Finance Corporation (DFC), the Dutch Entrepreneurial Development Bank (FMO), the German Investment Corporation (DEG), and a number of private global investors.<\/p>\n<p><strong>This is the first renewable energy, corporate green bond issuance in Egypt. <\/strong>CIB <a href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=26548\">issued<\/a> the country\u2019s first private sector green bond last year with a USD 100 mn issuance supported by the International Finance Corporation, the proceeds of which were earmarked to finance green buildings.<\/p>\n<p><strong>That\u2019s not all: <\/strong>\u201cThe EBRD will support the regional economic development of the Aswan governorate in the country,\u201d the statement read. The bank plans on introducing a certified training program for agribusiness entrepreneurs in and around Benban, with a specific focus on youth and women.<\/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\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-investing\/\">green investing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/scatec\/\">Scatec<\/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=\"546162\" 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=\"546162\">\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\">STUFF TO READ \/ THINK ABOUT \/ WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/thoughts-on-eight-hours-of-sleep-and-work-amazing-photography-and-life-advice-from-kk\/\">\r\n                            Thoughts on eight hours of sleep (and work) + amazing photography \u2014 and life advice from KK                        <\/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\/05\/05\/thoughts-on-eight-hours-of-sleep-and-work-amazing-photography-and-life-advice-from-kk\/\" 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\/05\/05\/thoughts-on-eight-hours-of-sleep-and-work-amazing-photography-and-life-advice-from-kk\/')\">\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\/05\/05\/thoughts-on-eight-hours-of-sleep-and-work-amazing-photography-and-life-advice-from-kk\/\">\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=Thoughts on eight hours of sleep (and work) + amazing photography \u2014 and life advice from KK&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/thoughts-on-eight-hours-of-sleep-and-work-amazing-photography-and-life-advice-from-kk\/\">\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\/05\/05\/thoughts-on-eight-hours-of-sleep-and-work-amazing-photography-and-life-advice-from-kk\/&title=Thoughts on eight hours of sleep (and work) + amazing photography \u2014 and life advice from KK\">\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=Thoughts+on+eight+hours+of+sleep+%28and+work%29+%2B+amazing+photography+%E2%80%94+and+life+advice+from+KK+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F05%2Fthoughts-on-eight-hours-of-sleep-and-work-amazing-photography-and-life-advice-from-kk%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\/05\/05\/thoughts-on-eight-hours-of-sleep-and-work-amazing-photography-and-life-advice-from-kk\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546162\" class=\"content-area-description single-story post-546162 post type-post status-publish format-standard hentry category-stuff-to-read-think-about-watch tag-enterpriseam tag-kevin-kelly tag-photography tag-stuff-to-read-think-about-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-07\"><\/a> <strong>Jane Brown, where have you been all our life? <\/strong>We like to think we know photography. How, then, to explain that we\u2019ve missed Brown\u2019s portraiture and street photography until now? <a href=\"https:\/\/www.theguardian.com\/artanddesign\/gallery\/2014\/dec\/21\/jane-bown-a-life-in-photography-in-pictures\">Check our this roundup of some of her work<\/a> in the Guardian from a few years back.<\/p>\n<p><strong>Speaking of amazing photographers: It is 50 years since David Hume Kennerly won the <\/strong><strong>Pulitzer <\/strong>for feature photography with a portfolio heavy on images from Vietnam. <a href=\"https:\/\/kennerly.com\/blog\/on-winning-a-pulitzer-prize-50-years-ago\/\">Check out this post on his blog<\/a> marking the anniversary this week \u2014 and look at <a href=\"https:\/\/kennerly.com\/archive-deck\/new-pulitzer-prize-portfolio\/\">the full portfolio of images here<\/a>.<\/p>\n<p><strong>Why do we, as a species, seem to think about life in eight-hour blocks? <\/strong>Enter the Atlantic, which suggests it <a href=\"https:\/\/www.theatlantic.com\/science\/archive\/2022\/05\/human-social-sleep-problems-rem\/629723\/\">you may not be a mutant for sleeping less than eight hours a night<\/a>. (Still, we don\u2019t think it\u2019s even slightly cool to brag about how little sleep you get.) And then Wired, which argues that <a href=\"https:\/\/www.wired.com\/story\/eight-hour-workday-is-a-lie\/?client_service_id=31209&client_service_name=wired&service_user_id=1.78e%2016&supported_service_name=instagram_publishing&utm_brand=wired&utm_social_type=owned&utm_source=pocket_mylist\">the eight-hour workday is a counterproductive lie<\/a>.<\/p>\n<p><strong>READ THIS NOW. Don\u2019t wait. Just read it now. <\/strong>Wired founding editor Kevin Kelly has just turned 70 and is offering \u201c<strong><a href=\"https:\/\/kk.org\/thetechnium\/103-bits-of-advice-i-wish-i-had-known\/\">103 bits of advice I wish I had known<\/a><\/strong>.\u201d Missed his suggestions from previous birthdays? They\u2019re <a href=\"https:\/\/kk.org\/thetechnium\/99-additional-bits-of-unsolicited-advice\/\">here<\/a> and <a href=\"https:\/\/kk.org\/thetechnium\/68-bits-of-unsolicited-advice\/\">here<\/a>. Nearly 100% gold here, folks.<\/p>\n<p><strong>Wherein the Economist discovers that \u2014 gasp \u2014 <\/strong><strong><a href=\"https:\/\/www.economist.com\/middle-east-and-africa\/2022\/04\/30\/why-more-arab-muslims-are-ignoring-the-ramadan-fast\">not all Muslims fast<\/a><\/strong><strong>. <\/strong><\/p>\n<p><strong>And finally: The Saudi version of Capmas is asking that people kindly stop inviting its <\/strong><strong>census takers in for tea<\/strong> \/ coffee \/ a little bite to eat (<a href=\"https:\/\/twitter.com\/whiteshemagh\/status\/1519643337317392386\">watch, runtime: 0:30<\/a>). Arab culture at its best, y\u2019all.<\/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\/kevin-kelly\/\">Kevin Kelly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/photography\/\">photography<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/stuff-to-read-think-about-watch\/\">STUFF TO READ \/ THINK ABOUT \/ 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=\"546163\" 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=\"546163\">\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\">Listen to This<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/an-awesome-interview-on-how-to-build-cool-stuff-with-the-guy-who-built-the-ipod-and-iphone-the-bbc-skims-the-surface-of-the-gem\/\">\r\n                            An awesome interview on how to build cool stuff (with the guy who built the iPod and iPhone) + the BBC skims the surface of the GEM                        <\/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\/05\/05\/an-awesome-interview-on-how-to-build-cool-stuff-with-the-guy-who-built-the-ipod-and-iphone-the-bbc-skims-the-surface-of-the-gem\/\" 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\/05\/05\/an-awesome-interview-on-how-to-build-cool-stuff-with-the-guy-who-built-the-ipod-and-iphone-the-bbc-skims-the-surface-of-the-gem\/')\">\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\/05\/05\/an-awesome-interview-on-how-to-build-cool-stuff-with-the-guy-who-built-the-ipod-and-iphone-the-bbc-skims-the-surface-of-the-gem\/\">\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=An awesome interview on how to build cool stuff (with the guy who built the iPod and iPhone) + the BBC skims the surface of the GEM&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/an-awesome-interview-on-how-to-build-cool-stuff-with-the-guy-who-built-the-ipod-and-iphone-the-bbc-skims-the-surface-of-the-gem\/\">\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\/05\/05\/an-awesome-interview-on-how-to-build-cool-stuff-with-the-guy-who-built-the-ipod-and-iphone-the-bbc-skims-the-surface-of-the-gem\/&title=An awesome interview on how to build cool stuff (with the guy who built the iPod and iPhone) + the BBC skims the surface of the GEM\">\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=An+awesome+interview+on+how+to+build+cool+stuff+%28with+the+guy+who+built+the+iPod+and+iPhone%29+%2B+the+BBC+skims+the+surface+of+the+GEM+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F05%2Fan-awesome-interview-on-how-to-build-cool-stuff-with-the-guy-who-built-the-ipod-and-iphone-the-bbc-skims-the-surface-of-the-gem%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\/05\/05\/an-awesome-interview-on-how-to-build-cool-stuff-with-the-guy-who-built-the-ipod-and-iphone-the-bbc-skims-the-surface-of-the-gem\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546163\" class=\"content-area-description single-story post-546163 post type-post status-publish format-standard hentry category-listen-to-this tag-enterpriseam tag-grand-egyptian-museum tag-listen-to-this tag-nilay-patel tag-tony-fadell 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>Do you want to build things for fun and profit \u2014 physical things, software things, creative <\/strong><strong>things? <\/strong>You need to listen to Verge boss Nilay Patel (<a href=\"https:\/\/twitter.com\/reckless\">Twitter<\/a>)\u2019s most excellent interview with Tony Fadell (<a href=\"https:\/\/twitter.com\/tfadell\">Twitter<\/a>). Haven\u2019t heard of Fadell? He played a pivotal role <strong>bringing to life the iPod and <\/strong><strong>iPhone<\/strong>, went on to build a company called Nest that he sold to Google for USD 3.2 bn, and now runs an investment firm called runs <a href=\"https:\/\/www.futureshape.com\/\">Future Shape<\/a>. The occasion? Fadell\u2019s new book: <strong>Build: An unorthodox guide to making things worth making<\/strong>.<\/p>\n<p><strong>Bonus for fellow tech nerds and entrepreneurs: <\/strong>Patel writes that the book is \u201cone part memoir, one part tech industry gossip, and one part org charts and decision-making. Seriously, this book has a lengthy section with actual diagrams of org charts to illustrate how company cultures change as things get bigger.\u201d<\/p>\n<p><strong>LISTEN to the interview<\/strong> <a href=\"https:\/\/www.theverge.com\/23053632\/tony-fadell-build-decoder-apple-iphone-google-alphabet-steve-jobs\">(runtime: 1:17:20) or read a condensed version of it here<\/a> \u2014 or go <a href=\"https:\/\/www.amazon.com\/dp\/0063046067\/\">check out the book on Amazon<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Looking for something Egyptian-ish?<\/strong> The BBC podcast The Documentary\u2019s latest episode spotlights the Grand Egyptian Museum. God keep us and save us from another piece by a foreign correspondent that opens with \u201cI\u2019m on my way now in a taxi to find the Grand Egyptian Museum. It\u2019s about 10 km west of central Cairo and we get there down this road lined on either side by rough and ready concrete buildings that look like they\u2019re half demolished or half built \u2014 and streams and streams of honking traffic.\u201d<\/p>\n<p><strong>The episode skims the surface of what the GEM could mean for Cairo <\/strong>(and the country at large), but doesn\u2019t go much deeper into what is set to become the world\u2019s largest archaeological museum when it opens later this year.<\/p>\n<p><strong>Worth thinking about about:<\/strong> David Sims worries the GEM\u2019s proximity to the new Sphinx International Airport could put Islamic Cairo, Coptic Cairo and \u201ca lot of interesting architectural history completely off the beaten track.\u201d We\u2019re looking forward to visiting the GEM once again in person (<a href=\"https:\/\/enterprise.press\/2017\/09\/19\/day-grand-egyptian-museum\/\">we had a brief tour back in 2017<\/a>) \u2014 and we\u2019re optimistic that our great city has so much to offer that we\u2019re not going to see folks turning Cairo into a day trip.<\/p>\n<p><strong>LISTEN and make up your own mind<\/strong> (<a href=\"https:\/\/podcasts.apple.com\/ca\/podcast\/the-grand-egyptian-museum\/id73802620?i=1000559487875\">runtime: 24:00<\/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\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/listen-to-this\/\">LISTEN TO THIS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nilay-patel\/\">Nilay Patel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tony-fadell\/\">Tony Fadell<\/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=\"546164\" 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=\"546164\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/546164\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546164\" class=\"content-area-description single-story post-546164 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 decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/V-editions-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=\"546165\" 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=\"546165\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/squash-leads-the-conversation-on-egypt-in-the-international-press-on-5-may-2022\/\">\r\n                            Squash leads the conversation on Egypt in the international press on 5 May 2022                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/squash-leads-the-conversation-on-egypt-in-the-international-press-on-5-may-2022\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/squash-leads-the-conversation-on-egypt-in-the-international-press-on-5-may-2022\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/squash-leads-the-conversation-on-egypt-in-the-international-press-on-5-may-2022\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Squash leads the conversation on Egypt in the international press on 5 May 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/squash-leads-the-conversation-on-egypt-in-the-international-press-on-5-may-2022\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/squash-leads-the-conversation-on-egypt-in-the-international-press-on-5-may-2022\/&title=Squash leads the conversation on Egypt in the international press on 5 May 2022\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Squash+leads+the+conversation+on+Egypt+in+the+international+press+on+5+May+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F05%2Fsquash-leads-the-conversation-on-egypt-in-the-international-press-on-5-may-2022%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/squash-leads-the-conversation-on-egypt-in-the-international-press-on-5-may-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546165\" class=\"content-area-description single-story post-546165 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-amanda-sobhy tag-andrew-simon tag-enterpriseam tag-indomie tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Squash leads the conversation on Egypt in the international press<\/strong>, with the <a href=\"https:\/\/www.nytimes.com\/2022\/05\/04\/magazine\/womens-squash-amanda-sobhy.html\">New York<\/a><a href=\"https:\/\/www.nytimes.com\/2022\/05\/04\/magazine\/womens-squash-amanda-sobhy.html\">Times Magazine<\/a> giving tons of play to US national Amanda Sobhy quest to become the first American to become the world\u2019s top-ranked women\u2019s squash player. Despite a couple of set-your-teeth-on-edge moments, the story is a must-read for anybody with an even passing interest in racquet sports.<\/p>\n<p><strong>Human rights coverage is still part of the landscape<\/strong> amid news that Alaa Abdel Fattah is on day 33 of a hunger strike (<a href=\"https:\/\/www.washingtonpost.com\/world\/2022\/05\/03\/egypt-prison-alaa-abdelfattah\/\">Washington Post<\/a>).<\/p>\n<p><strong>Also making headlines: <\/strong><\/p>\n<ul>\n<li><strong>Media of the Masses<\/strong>, a new book by Dartmouth historian <a href=\"https:\/\/twitter.com\/simongandrew\">Andrew Simon<\/a>, takes a deep dive into cassette culture in Egypt. Check it out on <a href=\"https:\/\/www.amazon.com\/Media-Masses-Cassette-Stanford-Societies\/dp\/1503629430\">Amazon<\/a> or get his rundown in <a href=\"https:\/\/twitter.com\/simongandrew\/status\/1516404007127891981\">this thread on Twitter<\/a>. <\/li>\n<li><strong>The East African <\/strong>has taken note of Egypt\u2019s <a href=\"https:\/\/www.theeastafrican.co.ke\/tea\/business\/comesa-reveals-the-indomie-noodles-kenyans-should-not-eat-3804388\">Indomie noodle recall<\/a>. <\/li>\n<li><strong>Egypt has a walk-on role in this obituary of R\u00e9gine<\/strong>, who built a USD 500 mn global network of clubs back in the 1970s that spanned from New York to Paris and Cairo. (<a href=\"https:\/\/www.nytimes.com\/2022\/05\/01\/arts\/regine-dead.html\">New York Times<\/a>)<\/li>\n<li><strong>Mosalsalat<\/strong> got headline treatment in the <a href=\"https:\/\/www.nytimes.com\/2022\/05\/01\/world\/middleeast\/egypt-ramadan-tv-el-sisi.html?referringSource=articleShare&utm_source=pocket_mylist\">New York Times<\/a>, through the lens of El Ekhteyar. <\/li>\n<li><strong>Ancient \u2018smellscapes\u2019<\/strong> are wafting out of artifacts and old texts. (<a href=\"https:\/\/www.sciencenews.org\/article\/ancient-smell-odor-artifacts-texts-egypt-archaeology\">ScienceNews<\/a>)<\/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\/amanda-sobhy\/\">Amanda Sobhy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/andrew-simon\/\">Andrew Simon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/indomie\/\">Indomie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/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=\"546166\" 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-1lbpr55\" data-v=\"4\" data-block-id=\"1lbpr55\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-1lbpr55-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-1lbpr55-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-lfofzb9\" data-v=\"4\" data-block-id=\"lfofzb9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-lfofzb9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-lfofzb9-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-l5sxeb3\" data-v=\"4\" data-block-id=\"l5sxeb3\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-l5sxeb3-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-l5sxeb3-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-mpg1b38\" data-v=\"4\" data-block-id=\"mpg1b38\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-mpg1b38-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-mpg1b38-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=\"546167\" 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=\"546167\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/banque-misr-restructures-holding-of-banque-du-caire-coinbase-snaps-up-goldmans-first-btc-backed-loan\/\">\r\n                            Banque Misr restructures holding of Banque du Caire + Coinbase snaps up Goldman\u2019s first BTC-backed loan                        <\/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\/05\/05\/banque-misr-restructures-holding-of-banque-du-caire-coinbase-snaps-up-goldmans-first-btc-backed-loan\/\" 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\/05\/05\/banque-misr-restructures-holding-of-banque-du-caire-coinbase-snaps-up-goldmans-first-btc-backed-loan\/')\">\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\/05\/05\/banque-misr-restructures-holding-of-banque-du-caire-coinbase-snaps-up-goldmans-first-btc-backed-loan\/\">\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=Banque Misr restructures holding of Banque du Caire + Coinbase snaps up Goldman\u2019s first BTC-backed loan&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/banque-misr-restructures-holding-of-banque-du-caire-coinbase-snaps-up-goldmans-first-btc-backed-loan\/\">\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\/05\/05\/banque-misr-restructures-holding-of-banque-du-caire-coinbase-snaps-up-goldmans-first-btc-backed-loan\/&title=Banque Misr restructures holding of Banque du Caire + Coinbase snaps up Goldman\u2019s first BTC-backed loan\">\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=Banque+Misr+restructures+holding+of+Banque+du+Caire+%2B+Coinbase+snaps+up+Goldman%E2%80%99s+first+BTC-backed+loan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F05%2Fbanque-misr-restructures-holding-of-banque-du-caire-coinbase-snaps-up-goldmans-first-btc-backed-loan%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\/05\/05\/banque-misr-restructures-holding-of-banque-du-caire-coinbase-snaps-up-goldmans-first-btc-backed-loan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546167\" class=\"content-area-description single-story post-546167 post type-post status-publish format-standard hentry category-planet-finance tag-banque-du-caire tag-banque-misr tag-cryptocurrency tag-enterpriseam tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>Banque Misr now owns nearly 100% of BdC:<\/strong> Banque Misr has purchased 1.13 bn shares (around 42.9%) in Banque du Caire (BdC) in a EGP 6.97 bn block transaction on the Egyptian Exchange in what the bank described in a <a href=\"https:\/\/ent.news\/2022\/4\/Banque-du-Caire.pdf\">bourse filing (pdf)<\/a> right before the Eid break as \u201cinternal restructuring.\u201d The transaction, which saw Banque Misr purchase shares from its own investment arm, Misr Capital, brought its ownership stake in BdC to 99.99%.<\/p><p><strong>Coinbase snaps up Goldman Sachs\u2019 first BTC-backed loan: <\/strong>Crypto exchange Coinbase became the first taker of Goldman Sachs\u2019 inaugural BTC loan product, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-03\/coinbase-is-on-other-side-of-goldman-s-first-bitcoin-backed-loan\">Bloomberg<\/a> reported yesterday. While loans that are backed by crypto assets are not new, these have always been the purview of crypto lenders. This is the first loan of this kind to be issued by a major Wall Street firm. Details of the terms of the loan have not been disclosed.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,047.7<\/p>\n<\/td>\n<td>\n<p>+3.1% (YTD: -7.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 18.44<\/p>\n<\/td>\n<td>\n<p>Sell 18.53<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 18.43<\/p>\n<\/td>\n<td>\n<p>Sell 18.43<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>9.25% deposit<\/p>\n<\/td>\n<td>\n<p>10.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>13,733<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: +21.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>10,081<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +18.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>3,720<\/p>\n<\/td>\n<td>\n<p>\u2013 (YTD: +16.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,300<\/p>\n<\/td>\n<td>\n<p>+3.0% (YTD: -9.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,493<\/p>\n<\/td>\n<td>\n<p>-0.9% (YTD: +1.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td>\n<p>3,725<\/p>\n<\/td>\n<td>\n<p>-1.0% (YTD: -13.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 110.37<\/p>\n<\/td>\n<td>\n<p>+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 8.46<\/p>\n<\/td>\n<td>\n<p>+0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,901.70<\/p>\n<\/td>\n<td>\n<p>+1.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 39,728<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: -16.8%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 3.1% at last Thursday\u2019s close<\/strong> on turnover of EGP 1.21 bn (27.4% above the 90-day average). Foreign investors were net sellers. The index is down 7.5% YTD.<\/p><p><strong>In the green: <\/strong>GB Auto (+10.1%), Heliopolis Housing (+9.3%) and Madinet Nasr Housing (+9.1%).<\/p><p><strong>In the red: <\/strong>Eastern Company (-3.6%), Rameda (-2.2%) and Housing and Development Bank (-0.1%).<\/p><p><strong>Asian markets are mixed this morning<\/strong>, with the Nikkei and Kospi gently in the red while Shanghai, the Hang Seng and ASX are all in the green. Futures suggest the Stoxx 50, FTSE 100 and DAX 30 will all open in positive territory later this morning, with Paris\u2019 CAC 40 being the only major benchmark to buck the trend. Across the ocean, it looks like Wall Street will open in the red, trimming yesterday\u2019s gains after the Fed went for a 50 bps rate hike.<\/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\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"546168\" 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\/05\/05\/546168\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-546168\" class=\"content-area-description single-story post-546168 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>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>8 May (Sunday): Deadline for submitting corporate tax returns for companies whose financial year ends 31 December.<\/p>\n<p>10-12 May (Tuesday-Thursday): <a href=\"https:\/\/globalevents.ebrd.com\/event\/abbff80b-9203-4a59-b458-a0b0a3cc6977\/summary?RefId=Press%20Open%20Registration&rp=bb613e72-8b0f-4ba6-b6cc-787264ded1db\">EBRD Annual Meeting and Business Forum<\/a>, Marrakesh, Morocco.<\/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>19 May (Thursday): EFG Hermes\u2019 general shareholders\u2019 meeting to discuss, among several things, a capital increase of EGP 973 mn to finance the distribution of bonus shares to the company\u2019s minority shareholders.<\/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>31 May (Tuesday): The <a href=\"https:\/\/itida.gov.eg\/English\/Programs\/Export-IT%20Rebate%20Program%202017\/Pages\/default.aspx\">application deadline<\/a> for ITIDA\u2019s annual Export IT program.<\/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>June: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/390172846486475\">launch a unified ticketing system<\/a> for all means of transport at the Adly Mansour Interchange Station.<\/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":546155,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-546154","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1bce367c-fe51-4b84-a646-0db24d1db18d","teaser":"","photo_url":"https:\/\/ent.news\/2022\/5\/1.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>Here\u2019s everything you missed this week while you\u2019ve been on break for Eid El Fitr - 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\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here\u2019s everything you missed this week while you\u2019ve been on break for Eid El Fitr\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T21:20:32+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/1.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\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/\",\"name\":\"Here\u2019s everything you missed this week while you\u2019ve been on break for Eid El Fitr - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/1.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-05-05T03:55:55+00:00\",\"dateModified\":\"2025-12-15T21:20:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/1.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/1.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#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\":\"Here\u2019s everything you missed this week while you\u2019ve been on break for Eid El Fitr\"}]},{\"@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":"Here\u2019s everything you missed this week while you\u2019ve been on break for Eid El Fitr - 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\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/","og_locale":"en_US","og_type":"article","og_title":"Here\u2019s everything you missed this week while you\u2019ve been on break for Eid El Fitr","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-15T21:20:32+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/1.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/","name":"Here\u2019s everything you missed this week while you\u2019ve been on break for Eid El Fitr - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/1.jpg?fit=%2C&ssl=1","datePublished":"2022-05-05T03:55:55+00:00","dateModified":"2025-12-15T21:20:32+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/1.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/1.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/heres-everything-you-missed-this-week-while-youve-been-on-break-for-eid-el-fitr\/#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":"Here\u2019s everything you missed this week while you\u2019ve been on break for Eid El Fitr"}]},{"@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\/546154","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\/546154\/revisions"}],"predecessor-version":[{"id":546177,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546154\/revisions\/546177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546155"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}