{"id":553555,"date":"2021-12-08T03:53:24","date_gmt":"2021-12-08T03:53:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=553555"},"modified":"2025-12-16T00:10:56","modified_gmt":"2025-12-16T00:10:56","slug":"aldar-and-adq-are-the-proud-new-owners-of-sodic","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/","title":{"rendered":"Aldar and ADQ are the proud new owners of SODIC"},"content":{"rendered":"<section id=\"553557\" 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=\"553557\">\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\/2021\/12\/08\/this-morning-more-cop27-announcements-schools-are-closed-again-in-alexandria-due-to-bad-weather\/\">\r\n                            THIS MORNING: More COP27 announcements + schools are closed again in Alexandria due to bad weather                        <\/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\/2021\/12\/08\/this-morning-more-cop27-announcements-schools-are-closed-again-in-alexandria-due-to-bad-weather\/\" 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\/2021\/12\/08\/this-morning-more-cop27-announcements-schools-are-closed-again-in-alexandria-due-to-bad-weather\/')\">\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\/2021\/12\/08\/this-morning-more-cop27-announcements-schools-are-closed-again-in-alexandria-due-to-bad-weather\/\">\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: More COP27 announcements + schools are closed again in Alexandria due to bad weather&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/this-morning-more-cop27-announcements-schools-are-closed-again-in-alexandria-due-to-bad-weather\/\">\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\/2021\/12\/08\/this-morning-more-cop27-announcements-schools-are-closed-again-in-alexandria-due-to-bad-weather\/&title=THIS MORNING: More COP27 announcements + schools are closed again in Alexandria due to bad weather\">\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+More+COP27+announcements+%2B+schools+are+closed+again+in+Alexandria+due+to+bad+weather+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fthis-morning-more-cop27-announcements-schools-are-closed-again-in-alexandria-due-to-bad-weather%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\/2021\/12\/08\/this-morning-more-cop27-announcements-schools-are-closed-again-in-alexandria-due-to-bad-weather\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553557\" class=\"content-area-description single-story post-553557 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-ahmed-kouchouk tag-angela-merkel tag-enterpriseam tag-finance-ministry tag-matrouh tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, nice people, and happy almost-THURSDAY. <\/strong>It\u2019s another busy news day (as it so often is at this time of year), so let\u2019s jump right in:<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>School\u2019s out in Alexandria, Matrouh for the second time this week:<\/strong> All schools across Alexandria and Matrouh will be closed today and fourth grade exams will be pushed to next week in anticipation of stormy weather forecasted by the Meteorological Authority, the two governorates <a href=\"https:\/\/almalnews.com\/%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D8%A7%D8%AA-%D8%AA%D9%82%D8%B1%D8%B1-%D8%AA%D8%B9%D8%B7%D9%8A%D9%84-%D8%A7%D9%84%D8%AF%D8%B1%D8%A7%D8%B3%D8%A9-%D8%BA%D8%AF%D8%A7-%D9%84%D8%B3%D9%88%D8%A1-%D8%A7%D9%84\/\">announced<\/a> yesterday. Alexandria University also followed suit, shutting the doors to its campus today and moving its classes online, <a href=\"https:\/\/tinyurl.com\/mr2y5835\">Youm7<\/a> reported.<\/p><p><strong>Alex Governor Mohamed El Sherif hit the talkshows last night to discuss the closure<\/strong> (<a href=\"https:\/\/www.facebook.com\/watch\/?v=1156433605164736\">watch, runtime: 10:13<\/a>). The governorate <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/12d285ca-06d2-48b4-b6ac-9709edbab2c2\">closed schools on Sunday<\/a> to cut down on traffic so vacuum trucks could clear flooded streets.<\/p><p><strong>Expect a high today of just 19\u00b0C and heavy winds in the capital city<\/strong>, with the winds picking up substantially from mid-morning until late afternoon. There\u2019s no significant chance of rain in Cairo today.<\/p><p><strong>FOR TOMORROW-<\/strong><\/p><p><strong>Inflation <\/strong>figures for November will be released. Data for inflation typically appears on the 10th of every month, but is moved up one day if that falls on a Friday.<\/p><p><strong>THE BIG STORY ABROAD<\/strong><strong>- No single story is dominating the international press this morning. <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-07\/the-uae-switches-weekend-here-s-what-analysts-are-saying?srnd=premium-middle-east\">The UAE\u2019s switch to a Saturday-Sunday weekend<\/a> is getting front-page play from Bloomberg, the <a href=\"https:\/\/www.ft.com\/content\/d1ed75b0-338f-42f8-836b-f94cb00670ca\">Financial Times<\/a> is leading with the US\u2019 threat to cut off Russia\u2019s Nord Stream 2 pipeline if Russia invades Ukraine, and <a href=\"https:\/\/www.wsj.com\/articles\/amazon-emerges-as-the-wage-and-benefits-setter-for-low-skilled-workers-across-industries-11638910694?mod=hp_lead_pos1\">the WSJ\u2019s top story<\/a> is a look at what Amazon means to local US labour markets. <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/exclusive-up-1-million-covid-vaccines-wasted-nigeria-last-month-2021-12-08\/\">Reuters<\/a>, meanwhile, writes that up to 1 mn doses of covid-19 vaccines expired in Nigeria last month.<\/p><p><strong>Auf wiedersehen, Angela: <\/strong>Germany waved goodbye to its leader of 16 years yesterday as Angela Merkel stepped down as the country\u2019s chancellor to make way for successor Olaf Scholz, who is set to be sworn in today. Widely regarded as a steady hand at the tiller both for Germany and the EU, Merkel\u2019s no-nonsense approach saw her become something of a figurehead for democratic stability and centrist compromise. At home, Merkel\u2019s departure heralds a wider changing of the guard, after her Christian Democrat party suffered heavy losses in September\u2019s national elections, leaving Scholz\u2019s Social Democrats to govern in a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/becc9ce3-6354-4e43-abef-fc0770e6346e\">three-party coalition<\/a>. The story is everywhere from the <a href=\"https:\/\/apnews.com\/article\/coronavirus-pandemic-health-business-migration-germany-7469fae14c71f1605eaf291f161be86d\">AP<\/a> to the <a href=\"https:\/\/www.bbc.com\/news\/world-europe-59516156\">BBC<\/a> and the <a href=\"https:\/\/www.nytimes.com\/2021\/12\/02\/world\/europe\/angela-merkel-farewell-germany.html\">New York Times<\/a>.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>MEANWHILE-<\/strong><\/p><p><strong>FinMin goes green:<\/strong> The government will introduce next March a stimulus package to aid Egypt\u2019s transition to a green economy, Vice Minister of Finance Ahmed Kouchouk is quoted as having told <a href=\"https:\/\/bit.ly\/3IDs9Yr\">Al Mal<\/a>. The package of measures will be announced during budget season ahead of the new fiscal year and will offer targeted financial incentives to encourage sustainable and carbon emission-reducing projects, Kouchouk said, without providing further details.<\/p><p><strong>This is the latest in a string of announcements to boost the government\u2019s green <\/strong><strong>credentials before global leaders descend on Sharm El Sheikh for the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a925d015-f57e-4886-9f6d-db7a15c76bd3\">COP27 climate summit<\/a><\/strong>, which is due to take place next November. The government is already lining up <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ed7b3c1-2514-4f68-9b61-11486f0e348a\">a carbon capture agreement with Eni<\/a> to be announced at the summit, and has ordered construction of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ebef003-0472-4513-93aa-ef59d457a5ea\">the country\u2019s first green hydrogen plant<\/a> to be accelerated so it can be showcased during the event. The cabinet also wants all cars and buses in Sharm and Hurghada to either be converted to run on natural gas or be swapped out for EVs by the time COP27 rolls around.<\/p><p><strong>ALSO- Pre-ordering cars could become (once again) a thing in Egypt:<\/strong> The Consumer Protection Agency is <a href=\"https:\/\/alborsaanews.com\/2021\/12\/07\/1488549\">currently working<\/a> on a pre-order form to allow consumers to reserve a new car before it\u2019s on the market. <strong>Anybody else remember the days pre-devaluation when receipts for cars that had been paid for, but not yet delivered, were nearly a form of currency? <\/strong><\/p><p><strong>FROM THE DEPARTMENT OF THE OBVIOUS- The shift to electric vehicles will come at a <\/strong><strong>cost.<\/strong> The EU\u2019s plans to ban combustion-engine vehicles by 2035 and shift towards EVs will put up to 500k jobs at risk, according to a poll of European auto suppliers. Job creation in the EV sector will partly offset this though by less than half, according to a separate study by PwC. (<a href=\"https:\/\/www.ft.com\/content\/1e0040c9-aab2-4881-828b-e992f23a9f3e\">Financial Times<\/a>)<sup><\/sup><\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong><a href=\"https:\/\/www.woodshowglobal.com\/cairo\">The Cairo Woodshow<\/a><\/strong><strong> kicks off on Thursday<\/strong> at the Cairo International Convention Center<\/p><p><strong>Booster shot registration:<\/strong> The Health Ministry will begin allowing senior citizens with chronic medical conditions, as well as all medical staff, to register for a booster covid-19 vaccine as of next Sunday, 12 December.<\/p><p><strong>Interest rates:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee will hold its final meeting for the year to review interest rates on Thursday, 16 December.<\/p><p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, urban development and social infrastructure such as health and education.<\/p><p><strong>In today\u2019s issue: <\/strong>Two months after the Finance Ministry\u2019s digital customs system, Nafeza, was rolled out, there doesn\u2019t appear to be any major sources of trouble with the system, even as it is imposed on a largely digitally illiterate demographic. The system is being rolled out in phases, with an eye to have a fully-digital process by mid-next year. Today, we look at the factors to watch over the next several months to gauge how successful the system is.<\/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\/ahmed-kouchouk\/\">Ahmed Kouchouk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/angela-merkel\/\">Angela Merkel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/matrouh\/\">Matrouh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"553558\" 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=\"553558\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/553558\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553558\" class=\"content-area-description single-story post-553558 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\/2021\/11\/Soma-Oceanman1600px.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=\"553559\" 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=\"553559\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/aldar-adq-are-now-sodics-majority-shareholders\/\">\r\n                            Aldar, ADQ are now SODIC\u2019s majority shareholders                        <\/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\/2021\/12\/08\/aldar-adq-are-now-sodics-majority-shareholders\/\" 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\/2021\/12\/08\/aldar-adq-are-now-sodics-majority-shareholders\/')\">\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\/2021\/12\/08\/aldar-adq-are-now-sodics-majority-shareholders\/\">\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=Aldar, ADQ are now SODIC\u2019s majority shareholders&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/aldar-adq-are-now-sodics-majority-shareholders\/\">\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\/2021\/12\/08\/aldar-adq-are-now-sodics-majority-shareholders\/&title=Aldar, ADQ are now SODIC\u2019s majority shareholders\">\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=Aldar%2C+ADQ+are+now+SODIC%E2%80%99s+majority+shareholders+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Faldar-adq-are-now-sodics-majority-shareholders%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\/2021\/12\/08\/aldar-adq-are-now-sodics-majority-shareholders\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/253.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553560\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/aldar-adq-are-now-sodics-majority-shareholders\/253-jpg-71\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/253.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"253.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/253.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/253.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553559\" class=\"content-area-description single-story post-553559 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-adq tag-aldar-properties tag-enterpriseam tag-ma-watch tag-real-estate tag-sodic wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The Aldar-ADQ consortium officially owns 85.5% of SODIC: <\/strong>The Emirati consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ have acquired 85.5% of SODIC in an all-cash, EGP 6.1 bn transaction, <a href=\"https:\/\/www.aldar.com\/en\/News-and-Media\/Aldar-secures-Egyptian-real-estate-platform\">Aldar<\/a> and <a href=\"https:\/\/ent.news\/2021\/12\/20211207-Aldar-ADQ-MTO-success-Investor-Press-Release-VF.pdf\">SODIC (pdf)<\/a> said in separate statements yesterday following the conclusion of the mandatory tender offer. Aldar \/ ADQ paid EGP 20 per share after having <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/65445c53-bf8c-4144-8e37-6daa4e7031c0\">originally said<\/a> they would offer EGP 18-19. The offer price values the company at EGP 7.1 bn and was at an 18% premium to the volume-weighted average price of EGP 16.88 at which SODIC shares traded in the three months prior to the takeover having been announced.<\/p>\n<p><strong>SODIC\u2019s (now former) largest shareholder is among those selling:<\/strong> A consortium of Act Financial, Hassan Allam Properties, and Concrete Plus Engineering offloaded their entire 15% stake in the MTO, a top executive at one of the companies confirmed to Enterprise.<\/p>\n<p><strong>The consortium had bid for up to 90% of the upmarket real estate developer<\/strong> and had set a floor of 51% for the transaction to go through. The consortium is 70% owned by Aldar and 30% by ADQ.<\/p>\n<p><strong>SODIC\u2019s share price was unmoved by the news<\/strong>, closing down 0.2% to EGP 19.71 yesterday, while Aldar\u2019s Abu Dhabi-listed shares closed up 1.7%.<\/p>\n<p><strong>\u201cAldar has identified Egypt as a priority market for international expansion<\/strong>, driven by a strong belief in the country\u2019s potential and the macro-economic fundamentals driving the real estate sector. After studying the market, SODIC emerged as our desired entry-partner and is a natural commercial fit for Aldar,\u201d Aldar CEO Talal Al Dhiyebi said.<\/p>\n<p><strong>SODIC is happy with the acquisition: <\/strong>\u201cThe transaction provides SODIC\u2019s shareholders with immediate and substantial cash value reflecting the company\u2019s solid financial position and strong brand equity,\u201d Managing Director Magued Sherif said, adding that the consortium brings financial strength as well as a solid track record in institutional real estate investment, development of premium quality communities and destinations, and property management.<\/p>\n<p><strong>Analysts say it\u2019s good news for the real estate sector: <\/strong>The acquisition is \u201cvery positive\u201d for the sector, Beltone Research Vice President Aly Adel tells us. The existence of foreign players in the sector is an indicator that, despite the view in some quarters that there is a bubble in the market, demand is strong, he said.<\/p>\n<p><strong>The transaction has been in the works for almost nine months: <\/strong>Aldar Properties submitted a non-binding offer to acquire at least 51% of SODIC\u2019s shares <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/65445c53-bf8c-4144-8e37-6daa4e7031c0\">back in March<\/a>. The consortium then presented its takeover offer in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/248e5d41-7c58-42ed-abe9-f67d9ac74995\">September<\/a>, when it initially tabled EGP 18-19 per share, which would have valued SODIC at EGP 6.6 bn. The Financial Regulatory Authority approved the bid <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0a12ab5-51fd-4f47-a266-6e199dafba68\">last month<\/a>, kicking off the 10-day subscription window from 24 November.<\/p>\n<p><strong>What\u2019s next:<\/strong> The transaction will be finalized in the coming days and the shares will be transferred by 16 December, Aldar said.<\/p>\n<p><strong>Advisors: <\/strong>CI Capital advised Aldar and ADQ. EFG Hermes <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b4de3c6-5d4f-4225-aee3-79e9f129e477\">advised<\/a> SODIC and BDO did fair value duties.<\/p>\n<p><strong>Aldar might want more of Egypt\u2019s real estate sector: <\/strong>The acquisition of SODIC \u201cis a part of Aldar\u2019s overall expansion strategy into the attractive Egyptian real estate market, with Aldar currently assessing several [potential ventures],\u201d it said in September.<\/p>\n<p><strong>OTHER M&A NEWS-<\/strong> <strong>Real estate developer Al Organi Group has acquired the <\/strong><strong>Royal Grand Sharm Hotel in Sharm el Sheikh<\/strong> from Banque Misr according to a <a href=\"https:\/\/ent.news\/2021\/12\/Banque-Misr-Royal-Grand-Sharm-PR.pdf\">statement from the bank (pdf)<\/a>. The sale is part of the bank\u2019s asset recycling strategy, the statement says, without providing further details on the transaction. A senior Banque Misr representative was unavailable for comment ahead of dispatch time.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/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=\"553561\" 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=\"553561\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/making-it-rain\/\">\r\n                            Making it rain                        <\/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\/2021\/12\/08\/making-it-rain\/\" 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\/2021\/12\/08\/making-it-rain\/')\">\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\/2021\/12\/08\/making-it-rain\/\">\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=Making it rain&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/making-it-rain\/\">\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\/2021\/12\/08\/making-it-rain\/&title=Making it rain\">\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=Making+it+rain+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fmaking-it-rain%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\/2021\/12\/08\/making-it-rain\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/254.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553562\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/making-it-rain\/254-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/254.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"254.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/254.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/254.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553561\" class=\"content-area-description single-story post-553561 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-angel-investment tag-cairo-angels tag-enterpriseam tag-startup-watch tag-startups tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Cairo Angels announces first close on USD 5 mn micro-VC fund. <\/strong>Angel investment group <a href=\"https:\/\/cairoangels.com\/\">Cairo Angels<\/a> reached first close on its Cairo Angels Syndicate Fund (CASF), it said in <a href=\"https:\/\/ent.news\/2021\/12\/CASF-First-Close-PR-Release.pdf\">a statement (pdf)<\/a> yesterday, without putting a figure on the value of the commitments it locked in for the first close. The first close was raised by individual investors, family offices and one institutional investor, who will formally join the fund in 1Q2022, the statement reads. The Delaware-incorporated<sup><\/sup> fund aims to reach a second and final close at USD 5 mn by the end of May 2022 with institutional investors, CASF CEO Aly El Shalakany tells us.<\/p>\n<p><strong>CASF plans to invest USD 100-250k in 20 startups in the Middle East and Africa over two and a half years<\/strong>, with a focus on Egypt, the UAE, KSA, Nigeria, Kenya and South Africa, El Shalakany says. \u201cAlready now, there are more startups than we have money to invest in that are amazing,\u201d he reveals, adding that he believes that the quality will keep getting stronger.<\/p>\n<p><strong>More may be available:<\/strong> The fund will enable LPs to commit additional capital on a case-by-case basis, potentially allowing the fund to write tickets of up to USD 350k per investment, El Shalakany said.<\/p>\n<p><strong>Most of the money is heading to Egypt:<\/strong> Two-thirds of the fund will be invested in Egypt. It is sector-agnostic<sup><\/sup> and will focus on early-stage scalable startups.<\/p>\n<p><strong>Ready to deploy capital, CASF already gave a soft commitment to four startups. <\/strong>Sectors that are interesting for the fund are fintech, edtech, healthtech, SaaS and e-commerce.<\/p>\n<p><strong>Think of CASF as a micro-VC fund focusing on post-seed and pre-series A investments, to fill the \u201cmissing middle\u201d<\/strong> of USD 100k and USD 500k. Startups wanting to scale can find themselves in a bind when seeking investments in that frame, since there are barely any investment vehicles that focus on that spectrum. The fund has the agility and mindset of an angel fund, and the discipline and speed of deployment of a VC, El Shalakany says.<\/p>\n<p><strong>The missing middle came to life because startups scale at a slower pace in \u201cour part of the world,\u201d he adds.<\/strong> Moving from seed to series A in Silicon Valley may take a year, while in our neck of the woods, it can take two to three years, El Shalakany says. Funding is critical in that period but that ticket size is a bit too much for an angel investor, while being too small for a VC outfit.<\/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\/angel-investment\/\">Angel Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cairo-angels\/\">Cairo Angels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/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=\"553563\" 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=\"553563\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/new-tobacco-license-terms\/\">\r\n                            New tobacco license terms                        <\/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\/2021\/12\/08\/new-tobacco-license-terms\/\" 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\/2021\/12\/08\/new-tobacco-license-terms\/')\">\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\/2021\/12\/08\/new-tobacco-license-terms\/\">\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=New tobacco license terms&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/new-tobacco-license-terms\/\">\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\/2021\/12\/08\/new-tobacco-license-terms\/&title=New tobacco license terms\">\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=New+tobacco+license+terms+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fnew-tobacco-license-terms%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\/2021\/12\/08\/new-tobacco-license-terms\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/255.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553564\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/new-tobacco-license-terms\/255-jpg-27\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/255.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"255.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/255.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/255.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553563\" class=\"content-area-description single-story post-553563 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-cleopatra tag-eastern-company tag-enterpriseam tag-industrial-development-authority tag-manufacturing tag-philip-morris tag-tobacco wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a><strong> The tobacco industry is less than pleased with the latest set of conditions for a <\/strong><strong>license to manufacture cigarettes<\/strong>, which the Industrial Development Authority (IDA) issued earlier this week, according to <a href=\"https:\/\/bit.ly\/3EyjB2d\">Masrawy<\/a>. The \u201cnew\u201d conditions booklet for the license are largely unchanged from those <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc6218c5-a369-4987-b5ec-3e9aa59744bb\">back in March<\/a> of this year, which met with strong backlash from several tobacco players who argued that the terms of the license would create an e-cigarette monopoly and provide preferential treatment to state-owned Eastern Company. The conditions of the tender have now been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9ddc8fb-651a-42f8-9482-2702c816abc2\">redrafted three times<\/a>.<\/p>\n<p><strong>What\u2019s the same? Pretty much all of the sticking points<\/strong><strong>:<\/strong> The new booklet, a copy of which was published by <a href=\"https:\/\/bit.ly\/3GotHTW\">Masrawy<\/a>, maintains the stipulation that the planned company will have to give Eastern a 24% stake in the new market entrant. The new license will also still authorize the distribution of e-cigarettes and \u201cheated tobacco\u201d products, which companies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1888f67e-febb-4bac-8006-e9eb843303e8\">previously argued<\/a> would create a monopoly and put other cigarette companies at a disadvantage. Minimum production is set for 1 bn cigarettes a year \u2014 the same figure outlined in the last booklet, but down from 15 bn in the original tender.<\/p>\n<p><strong>What\u2019s new?<\/strong> The revised terms have changed up the pricing structure for the new market entrant, allowing the company to produce cigarette brands \u2014 priced within the lowest tax bracket \u2014 at Eastern's facilities, exclusively for foreign markets. Additionally, \u201cluxury\u201d cigarette brands can now be priced within the range of the second-lowest tax bracket.<\/p>\n<p><strong>The minor changes continue to give Eastern an unfair advantage<\/strong>, Federation of Egyptian Industries\u2019 (FEI) cigarettes division Head Ibrahim Embaby tells Masrawy. Embaby suggested that issuing the new set of terms didn\u2019t serve anybody, save for Philip Morris, which was the only company to submit an offer in the last round and therefore didn\u2019t need to for over EGP 114k to purchase the conditions booklet again. It is still unclear if the major tobacco players will take part or abstain like <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1888f67e-febb-4bac-8006-e9eb843303e8\">last time around.<\/a><\/p>\n<p><strong>What\u2019s next?<\/strong> The IDA has set this coming Thursday as the deadline for interested companies to purchase the conditions booklet. Companies interested in bidding will be allowed to submit inquiries to the authority a week later, on 16 December. The IDA will then review offers and give its technical clearance on 23 January, ahead of the kick-off for bidding on 3 April. BAT has plans to take out the booklet before tomorrow\u2019s deadline, a company official told us earlier this week on condition they not be named.<\/p>\n<p><em>EDITOR'S NOTE- Corrected on 11 December 2021.<\/em><\/p>\n<p><em>A previous version of this article suggested that the market entrant would be able to produce the same low-tax cigarettes as Eastern Company. A senior Eastern official tells us that as it stands, a new entrant would be required to bring Eastern any proposal to produce low-tax cigarettes at Eastern's facility if the new company wishes to sell on the domestic market. Eastern would then have the right to agree to commercials terms or not.<\/em><\/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\/cleopatra\/\">Cleopatra<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-company\/\">Eastern Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industrial-development-authority\/\">Industrial Development Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/philip-morris\/\">Philip Morris<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tobacco\/\">tobacco<\/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=\"553565\" 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=\"553565\">\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\">Green economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/sfe-could-issue-green-bonds-soon-soliman\/\">\r\n                            SFE could issue green bonds soon -Soliman                        <\/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\/2021\/12\/08\/sfe-could-issue-green-bonds-soon-soliman\/\" 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\/2021\/12\/08\/sfe-could-issue-green-bonds-soon-soliman\/')\">\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\/2021\/12\/08\/sfe-could-issue-green-bonds-soon-soliman\/\">\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=SFE could issue green bonds soon -Soliman&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/sfe-could-issue-green-bonds-soon-soliman\/\">\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\/2021\/12\/08\/sfe-could-issue-green-bonds-soon-soliman\/&title=SFE could issue green bonds soon -Soliman\">\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=SFE+could+issue+green+bonds+soon+-Soliman+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fsfe-could-issue-green-bonds-soon-soliman%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\/2021\/12\/08\/sfe-could-issue-green-bonds-soon-soliman\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/256.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553566\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/sfe-could-issue-green-bonds-soon-soliman\/256-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/256.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"256.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/256.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/256.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553565\" class=\"content-area-description single-story post-553565 post type-post status-publish format-standard has-post-thumbnail hentry category-green-economy tag-ayman-soliman tag-enterpriseam tag-fertiglobe tag-green-bonds tag-green-economy tag-green-hydrogen tag-orascom-construction tag-scatec tag-sovereign-fund-of-egypt tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>T<\/strong><strong>he Sovereign Fund of Egypt (SFE) is considering issuing green bonds<\/strong>, fund CEO Ayman Soliman told <a href=\"https:\/\/bit.ly\/3Itwihh\">Al Mal<\/a>. Speaking during a conference in Cairo yesterday, Soliman provided little information about the fund\u2019s plans but said that it could sell the climate-linked securities in collaboration with unidentified \u201cpartners.\u201d<\/p>\n<p><strong>This would be SFE\u2019s first-ever green bond issuance<\/strong> and would follow successful sovereign and corporate bond sales in Egypt over the past year. The government recently <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ca8b8460-f546-482b-863a-f712db422288\">expressed<\/a> an eagerness to start holding green bond sales more frequently.<\/p>\n<p><strong>Hold up, what are green bonds, exactly?<\/strong> A green bond is a type of debt issued specifically to raise money for climate and environmental projects. The World Bank was the first organization to offer green bonds in 2008 and has since issued over USD 13 bn equivalent in green bonds through more than 150 transactions in 20 currencies.<\/p>\n<p><strong>Egypt has pioneered the use of green bonds in the MENA region:<\/strong> The government held the region\u2019s first sovereign green bond issuance last September, raising USD 750 mn from investors to channel into green projects. Our friends at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea5e3510-53bf-4f7b-b5ed-f3ae5b19eb31\">CIB<\/a> issued Egypt\u2019s first-ever corporate green bond earlier this year, raising USD 100 mn in a five-year, fixed-rate offering.<\/p>\n<p><strong>The SFE plans to focus on scaling up investments to support climate-friendly economic growth <\/strong>over the next year. It is already backing several high-profile infrastructural projects, including a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1e896f40-de35-4eb5-a5af-794da2447234\">USD 2.5 bn plan<\/a> to develop 17 new desalination plants and Egypt\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ebef003-0472-4513-93aa-ef59d457a5ea\">first-ever green hydrogen facility<\/a>, that is currently being built in Ain Sokhna by Scatec, Orascom Construction, and Fertiglobe.<\/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\/ayman-soliman\/\">Ayman Soliman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fertiglobe\/\">Fertiglobe<\/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-economy\/\">Green Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-construction\/\">Orascom Construction<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-fund-of-egypt\/\">Sovereign Fund of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"553567\" 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=\"553567\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/\">\r\n                            WaffarX closes multi-mn financing round from Silicon Valley VC firm                        <\/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\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/\" 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\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/')\">\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\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/\">\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=WaffarX closes multi-mn financing round from Silicon Valley VC firm&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/\">\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\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/&title=WaffarX closes multi-mn financing round from Silicon Valley VC firm\">\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=WaffarX+closes+multi-mn+financing+round+from+Silicon+Valley+VC+firm+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fwaffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm%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\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/257.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553568\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/waffarx-closes-multi-mn-financing-round-from-silicon-valley-vc-firm\/257-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/257.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"257.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/257.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/257.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553567\" class=\"content-area-description single-story post-553567 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam tag-investment-watch tag-startup-watch tag-startups tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Cashback services startup WaffarX closed a multi-mn USD funding round from<\/strong><strong> Silicon Valley VC firm Lobby Capital<\/strong>, <a href=\"https:\/\/www.wamda.com\/2021\/12\/egypt-waffarx-raises-investment-lobby-capital\">Wamda<\/a> reported, marking Lobby\u2019s inaugural investment in the MENA region. WaffarX plans to use the funds raised to expand its platform and user base, and enter new markets in the MENA region. WaffarX has previously raised three funding rounds, with tech investor A15 leading their latest round with USD 230k, according to <a href=\"https:\/\/www.crunchbase.com\/organization\/waffarx\/company_financials\">Crunchbase<\/a>.<\/p>\n<p><strong>What does WaffarX do? <\/strong>The cashback aggregator, which was established in 2018, connects users with coupons, promos, and cashback rewards for its merchant partners, which include e-commerce giants Jumia, Amazon and Noon.<\/p>\n<p><strong>About Lobby Capital:<\/strong> The Silicon Valley VC firm was an early investor in the US cashback firm Ebates, which was sold to Japanese company Rakuten in 2014 in what was Japan\u2019s largest e-commerce exit at the time.<\/p>\n<p><strong>Advisors:<\/strong> Venture by Shahid represented Lobby Capital on the investment<sup><\/sup>.<\/p>\n<p><strong>ALSO FROM PLANET STARTUP- Cleantech startup Plstka has raised an undislcosed amount of capital <\/strong><strong>from Alexandria Angels Network and a matching fund from <\/strong><strong><a href=\"https:\/\/hivosimpactinvestments.com\/\">Hivos<\/a><\/strong>, according to <a href=\"https:\/\/www.wamda.com\/2021\/12\/plstka-raises-seed-round-expansion\">Wamda<\/a>. The waste management gamification app, which launched this year, exchanges solid waste with rewards and coupons in food and beverage services, medical facilities and transportation for consumers. It also provides in-app competitions to help raise awareness about waste management. The startup focuses on the Delta region, with a target of acquiring 1.5k tonnes of waste.<\/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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/waste-management\/\">waste management<\/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=\"553569\" 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=\"553569\">\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\">Cabinet watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/is-your-kid-missing-a-lot-of-school-theres-a-fine-for-that\/\">\r\n                            Is your kid missing a lot of school? There\u2019s a fine for that.                        <\/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\/2021\/12\/08\/is-your-kid-missing-a-lot-of-school-theres-a-fine-for-that\/\" 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\/2021\/12\/08\/is-your-kid-missing-a-lot-of-school-theres-a-fine-for-that\/')\">\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\/2021\/12\/08\/is-your-kid-missing-a-lot-of-school-theres-a-fine-for-that\/\">\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=Is your kid missing a lot of school? There\u2019s a fine for that.&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/is-your-kid-missing-a-lot-of-school-theres-a-fine-for-that\/\">\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\/2021\/12\/08\/is-your-kid-missing-a-lot-of-school-theres-a-fine-for-that\/&title=Is your kid missing a lot of school? There\u2019s a fine for that.\">\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=Is+your+kid+missing+a+lot+of+school%3F+There%E2%80%99s+a+fine+for+that.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fis-your-kid-missing-a-lot-of-school-theres-a-fine-for-that%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\/2021\/12\/08\/is-your-kid-missing-a-lot-of-school-theres-a-fine-for-that\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/258.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"553570\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/is-your-kid-missing-a-lot-of-school-theres-a-fine-for-that\/258-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/258.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"258.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/258.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/258.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553569\" class=\"content-area-description single-story post-553569 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-cabinet-watch tag-children tag-education tag-enterpriseam tag-labor-act tag-legislation-watch tag-madbouly-cabinet wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Parents could soon face financial penalties if their children fail to attend school<\/strong> under legislative amendments greenlit by the cabinet during its weekly meeting yesterday. Amendments to the Education Act would see parents fined between EGP 500 and EGP 1k if their child misses a week of school without a sufficient reason, the cabinet said in <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/289283686575392\">a statement<\/a> following the meeting.<\/p>\n<p><strong>SMART POLICY- <\/strong><strong>Clampdown on child labor:<\/strong> The government is also looking to strengthen penalties for those found in breach of child labor rules, which prohibit employing children younger than 14. Draft amendments to the Labor Act would hand out fines of between EGP 1k and EGP 2k \u2014 double the current EGP 500 to EGP 1k fine \u2014 for every underage child a business employs. Businesses could potentially see their facilities shut down for up to six months and the fine doubled if the violation is repeated.<\/p>\n<p><strong>A push for industrial investment in Upper Egypt: <\/strong>The cabinet agreed to provide incentives to investors in industrial zones in Upper Egypt governorates, as part of a presidential initiative to establish 13 complexes aimed at small and medium-sized businesses. Participating businesses will be exempted from rent and maintenance fees for the first nine months, and subsequent rent payment will be cut to EGP 15.5-20.5 per meter from EGP 21-22.<\/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\/cabinet-watch\/\">cabinet watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/children\/\">Children<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor-act\/\">Labor Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madbouly-cabinet\/\">Madbouly Cabinet<\/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=\"553571\" 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=\"553571\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/553571\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553571\" class=\"content-area-description single-story post-553571 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\/2021\/10\/Tactical-Male-1600WX800H-for-web.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=\"553572\" 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=\"553572\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/last-nights-talk-shows-education-act-labor-act-amendments-lead-the-conversation\/\">\r\n                            Last Night\u2019s Talk Shows: Education Act + Labor Act amendments lead the conversation                        <\/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\/2021\/12\/08\/last-nights-talk-shows-education-act-labor-act-amendments-lead-the-conversation\/\" 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\/2021\/12\/08\/last-nights-talk-shows-education-act-labor-act-amendments-lead-the-conversation\/')\">\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\/2021\/12\/08\/last-nights-talk-shows-education-act-labor-act-amendments-lead-the-conversation\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Last Night\u2019s Talk Shows: Education Act + Labor Act amendments lead the conversation&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/last-nights-talk-shows-education-act-labor-act-amendments-lead-the-conversation\/\">\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\/2021\/12\/08\/last-nights-talk-shows-education-act-labor-act-amendments-lead-the-conversation\/&title=Last Night\u2019s Talk Shows: Education Act + Labor Act amendments lead the conversation\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows%3A+Education+Act+%2B+Labor+Act+amendments+lead+the+conversation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Flast-nights-talk-shows-education-act-labor-act-amendments-lead-the-conversation%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\/2021\/12\/08\/last-nights-talk-shows-education-act-labor-act-amendments-lead-the-conversation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553572\" class=\"content-area-description single-story post-553572 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-abu-qir-fertilizers tag-chemical-industries-holding-company tag-egx tag-enterpriseam tag-last-nights-talk-shows tag-state-privatization-program wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping the talkin heads\u2019 agendas last night:<\/strong> Legislative amendments the Madbouly Cabinet passed yesterday in a bid to cut down on child labor and encourage children to attend school. The story earned coverage from Al Hayah Al Youm\u2019s Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=srfEpE1s0uA\">watch, runtime: 1:15<\/a>), and Masaa DMC\u2019s Ramy Radwan (<a href=\"https:\/\/www.youtube.com\/watch?v=QfiWvyqYuVY\">watch, runtime: 3:58<\/a>).<\/p>\n<p><strong>The idea behind the amendments is solid, but some of the individual stipulations need to be revisited<\/strong>, lawyer and chair of the Egyptian Center for Women\u2019s Right Nehad Abou El Qomsan told Kelma Akheera\u2019s Lamees El Hadidi. The financial penalties for child labor or keeping a child out of school are extremely low, particularly when compared to the fines laid out in other laws for other crimes, such as publishing false news, Abou El Qomsan said (<a href=\"https:\/\/www.youtube.com\/watch?v=RWmoMNscgI4\">watch, runtime: 8:49<\/a>). We have the full story in the news well, above.<\/p>\n<p><strong>Abu Qir Fertilizers\u2019 plan to sell an additional 10-15% stake on the EGX before the month is out<\/strong> got some airtime on Kelma Akhira, where Emad El Din Mostafa, head of Chemical Industries Holding Company, phoned in to give Lamees El Hadidi a rundown of the company\u2019s plans for a secondary stake sale. The company has yet to specify an exact target date and still plans to go ahead with the sale despite \u201cless than ideal\u201d conditions in the stock market, which Mostafa said won\u2019t get better until fresh listings materialize (<a href=\"https:\/\/www.youtube.com\/watch?v=M0JYpjuyNvI\">watch, runtime: 5:16<\/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\/abu-qir-fertilizers\/\">Abu Qir Fertilizers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chemical-industries-holding-company\/\">Chemical Industries Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-privatization-program\/\">state privatization program<\/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=\"553573\" 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-nis5xo9\" data-v=\"4\" data-block-id=\"nis5xo9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-nis5xo9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-nis5xo9-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-zw6i421\" data-v=\"4\" data-block-id=\"zw6i421\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-zw6i421-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-zw6i421-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-bqcgax6\" data-v=\"4\" data-block-id=\"bqcgax6\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-bqcgax6-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-bqcgax6-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-c3lx8ce\" data-v=\"4\" data-block-id=\"c3lx8ce\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-c3lx8ce-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-c3lx8ce-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=\"553574\" 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=\"553574\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/egypt-in-the-news-on-8-december-2021\/\">\r\n                            Egypt in the News on 8 December 2021                        <\/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\/2021\/12\/08\/egypt-in-the-news-on-8-december-2021\/\" 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\/2021\/12\/08\/egypt-in-the-news-on-8-december-2021\/')\">\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\/2021\/12\/08\/egypt-in-the-news-on-8-december-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 8 December 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/egypt-in-the-news-on-8-december-2021\/\">\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\/2021\/12\/08\/egypt-in-the-news-on-8-december-2021\/&title=Egypt in the News on 8 December 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+8+December+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fegypt-in-the-news-on-8-december-2021%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\/2021\/12\/08\/egypt-in-the-news-on-8-december-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553574\" class=\"content-area-description single-story post-553574 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-archaeology tag-enterpriseam tag-human-rights tag-trafficking 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>Leading the conversation on Egypt in the foreign press this morning:<\/strong> <strong>A local <\/strong><strong>court ordered the release of <\/strong><strong>human rights advocate Patrick Zaki <\/strong>after almost two years in detention. The Bologna University student has been detained since February 2020 on charges relating to an article he wrote about the status of Egypt's Christians. The story is getting ink from <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypt-court-orders-release-jailed-researcher-rights-group-2021-12-07\/\">Reuters<\/a>, the <a href=\"https:\/\/www.theguardian.com\/world\/2021\/dec\/07\/egyptian-researcher-court-orders-release-patrick-zaki\">Guardian<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/egypt-court-orders-release-of-rights-activist-patrick-george-zaki-after-trial-postponed-11638898145?mod=Searchresults_pos2&page=1\">Wall Street Journal<\/a> and a number of Italian news outlets (<a href=\"https:\/\/www.napolitoday.it\/politica\/patrick-zaki-libero.html\">here<\/a>, <a href=\"https:\/\/www.ilfattoquotidiano.it\/2021\/12\/07\/patrick-zaki-esce-di-prigione-dopo-22-mesi-di-detenzione-in-egitto-ma-non-e-stato-assolto-sto-bene-grazie-allitalia-per-il-supporto\/6417873\/\">here<\/a>, <a href=\"https:\/\/www.ansa.it\/sito\/notizie\/politica\/2021\/12\/07\/patrick-zaki-un-calvario-lungo-22-mesi_93c7f4b0-f301-4087-82b3-df17434fb362.html\">here<\/a> and <a href=\"https:\/\/www.ilpost.it\/2021\/12\/07\/patrick-zaky-scarcerato-egitto\/\">here<\/a>) that have followed the case closely since his arrest.<\/p>\n<p><strong>Egypt is one of 11 countries that will see looted artifacts returned<\/strong> after a Manhattan prosecutor ordered hedge fund manager Michael Steinhardt to return 180 antiquities worth an estimated USD 70 mn and barred him for life from acquiring other relics. The antiquities, many of which were stolen during periods of war or civil unrest, will be returned to their owners in Egypt, Greece, Iraq, Israel, Italy, Jordan, Libya, Lebanon, Syria, Turkey and Bulgaria. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-06\/fund-manager-steinhardt-accepts-ban-from-antiquities-collection?sref=mmeFTDW1\">Bloomberg<\/a>, the <a href=\"https:\/\/www.nytimes.com\/2021\/12\/06\/arts\/design\/steinhardt-billionaire-stolen-antiquities.html?searchResultPosition=1\">New York Times<\/a>, <a href=\"https:\/\/apnews.com\/article\/lifestyle-business-africa-middle-east-europe-c011320087faf1930ad2fb694292e24c\">AP<\/a> and <a href=\"https:\/\/www.reuters.com\/markets\/funds\/billionaire-steinhardt-surrenders-70-mln-antiquities-accepts-collecting-ban-2021-12-06\/\">Reuters<\/a> all have the story.<\/p>\n<p><strong>We smell the involvement of Matthew Bogdanos, the so-called Tomb Raider of the Upper East Side<\/strong> who created the antiquities trafficking unit in the Manhattan district attorney\u2019s office out of sheer will (and a love of the spotlight). Go <strong><a href=\"https:\/\/www.theatlantic.com\/magazine\/archive\/2021\/12\/bogdanos-antiquities-new-york\/620525\/\">read this epic profile in the Atlantic<\/a><\/strong> (think: Zahi Hawass with a law degree and a soldier\u2019s suit) \u2014 he\u2019s been <a href=\"https:\/\/www.theartnewspaper.com\/2018\/03\/09\/tough-new-scrutiny-by-district-attorney-rattles-new-york-antiquities-trade\">driving the New York art and antiquities scene bonkers for years<\/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\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trafficking\/\">trafficking<\/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=\"553575\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"553576\" 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=\"553576\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/us-pvc-gets-anti-dumping-duties\/\">\r\n                            US PVC gets anti-dumping duties                        <\/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\/2021\/12\/08\/us-pvc-gets-anti-dumping-duties\/\" 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\/2021\/12\/08\/us-pvc-gets-anti-dumping-duties\/')\">\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\/2021\/12\/08\/us-pvc-gets-anti-dumping-duties\/\">\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=US PVC gets anti-dumping duties&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/us-pvc-gets-anti-dumping-duties\/\">\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\/2021\/12\/08\/us-pvc-gets-anti-dumping-duties\/&title=US PVC gets anti-dumping duties\">\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=US+PVC+gets+anti-dumping+duties+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fus-pvc-gets-anti-dumping-duties%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\/2021\/12\/08\/us-pvc-gets-anti-dumping-duties\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553576\" class=\"content-area-description single-story post-553576 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-consumer-protection-agency tag-dabaa-nuclear-plant tag-enterpriseam tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Trade and Industry Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/273663891471559?__cft__[0]=AZXLxsu5jdX_0K2cPgU6zUiCf7Ckjv0RwgIrREq62Eb5jsIYZDNfbBn8aeYyyxUVK07icwd5fWfLo2I9r1KSLs0-H_d8AF-aYw1N2EHvp0gKn5pFMp-nWXF4GLUR8pvXbLrFhS321RIA6ddYDARiaINN&__tn__=%2CO%2CP-R\">will impose<\/a><\/strong><strong> a 9% anti-dumping duty on imports of <\/strong><strong>US PVC<\/strong> for a five-year period in a bid to protect the local industry. (Anti-dumping duties are generally imposed when a country thinks the seller is \u201cdumping\u201d product in a market at prices below the cost of production or in a way that unfairly threatens local industry.) Indian industrial chemical manufacturer TCI Sanmar, Egypt\u2019s largest producer of PCV, welcomed the imposition of the anti-dumping duties. The Indian-owned company suggested in a <a href=\"https:\/\/ent.news\/2021\/12\/TCI-Sanmar-Chemicals-PRL-F.docx.pdf\">statement (pdf)<\/a> from its legal counsel, Al Tamimi & Co, that it will go ahead with its planned <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/793ffa09-9087-4934-83e4-f5aba19fa9ee\">USD 200 mn<\/a> investment in its Egyptian operations next year.<\/p>\n<p><strong>MARKET WATCH- The Central Bank of Egypt sold USD 1 bn of one-year <\/strong><strong>USD-denominated treasury bills with an average yield of 2.995% <\/strong>in an auction yesterday, according to official figures. The offering was 1.15x oversubscribed, with investors placing bids worth USD 1.15 bn.<\/p>\n<p><strong>Hassan Allam Construction is setting up a <\/strong><strong><a href=\"https:\/\/alborsaanews.com\/2021\/12\/07\/1488592\">new construction firm<\/a><\/strong><strong> with <\/strong><strong>Russia\u2019s Titan-2<\/strong> to handle construction work on the <strong>Dabaa <\/strong>nuclear power plant. The new entity should be formed by next February.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Kadmar Shipping\u2019s <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01ff5c98-c2b7-42a3-9c0f-7e33f4c9e638\">new line<\/a><\/strong> transporting agricultural crops between Alexandria and Russia will <strong><a href=\"https:\/\/www.alborsaanews.com\/2021\/03\/01\/1422109\">begin operating<\/a><\/strong><strong> on 20 January<\/strong>.<\/li>\n<li><strong>The Federation of Egyptian Industries\u2019 readymade garments division and <\/strong><strong>IFC are working on a <\/strong><strong><a href=\"https:\/\/alborsaanews.com\/2021\/12\/07\/1488610\">new program<\/a><\/strong> together to upgrade supply chains in the textile industry.<\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/consumer-protection-agency\/\">Consumer Protection Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dabaa-nuclear-plant\/\">Dabaa nuclear plant<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/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=\"553577\" 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=\"553577\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/egypt-covid-cases-up-again-overnight-your-update-for-8-december-2021\/\">\r\n                            Egypt covid cases up again overnight \u2014 your update for 8 December 2021                        <\/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\/2021\/12\/08\/egypt-covid-cases-up-again-overnight-your-update-for-8-december-2021\/\" 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\/2021\/12\/08\/egypt-covid-cases-up-again-overnight-your-update-for-8-december-2021\/')\">\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\/2021\/12\/08\/egypt-covid-cases-up-again-overnight-your-update-for-8-december-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt covid cases up again overnight \u2014 your update for 8 December 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/egypt-covid-cases-up-again-overnight-your-update-for-8-december-2021\/\">\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\/2021\/12\/08\/egypt-covid-cases-up-again-overnight-your-update-for-8-december-2021\/&title=Egypt covid cases up again overnight \u2014 your update for 8 December 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+covid+cases+up+again+overnight+%E2%80%94+your+update+for+8+December+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fegypt-covid-cases-up-again-overnight-your-update-for-8-december-2021%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\/2021\/12\/08\/egypt-covid-cases-up-again-overnight-your-update-for-8-december-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553577\" class=\"content-area-description single-story post-553577 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-pfizer tag-travel tag-uk tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/222287670082455?__cft__[0]=AZX6agKpq56MfeRUVO8Pja1Q-OFFovLadwY6fKIULzDuDc7x9zcA3pY-tyAsY4q9SUb55aZ5GdVzionQpLDXguYjRZyhW-twauN5z3KETKQxyQOfQIb4rArWKX3ivlWpTtHNEhZzHErSAcb_YCr7bvhN&__tn__=%2CO%2CP-R\">reported<\/a><\/strong><strong> 889 new covid-19 infections yesterday<\/strong>, up from 871 the day before. Egypt has now disclosed a total of 364,922 confirmed cases of covid-19. The ministry also reported 51 new deaths, bringing the country\u2019s total death toll to 20,821.<\/p>\n<p><strong>TRAVEL WATCH- All travelers to the US must present a negative covid-19 test taken one <\/strong><strong>day before <\/strong><strong>the trip<\/strong>, regardless of their vaccination status, the Centers for Disease Control and Prevention (CDC) <a href=\"https:\/\/www.cdc.gov\/media\/releases\/2021\/p1203-covid-testing-tightens-intl.html\">announced<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/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=\"553578\" 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=\"553578\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/bond-funds-defi-and-options-traders-are-all-coming-under-greater-scrutiny\/\">\r\n                            Bond funds, DeFi, and options traders are all coming under greater scrutiny                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/bond-funds-defi-and-options-traders-are-all-coming-under-greater-scrutiny\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/bond-funds-defi-and-options-traders-are-all-coming-under-greater-scrutiny\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/bond-funds-defi-and-options-traders-are-all-coming-under-greater-scrutiny\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Bond funds, DeFi, and options traders are all coming under greater scrutiny&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/bond-funds-defi-and-options-traders-are-all-coming-under-greater-scrutiny\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/bond-funds-defi-and-options-traders-are-all-coming-under-greater-scrutiny\/&title=Bond funds, DeFi, and options traders are all coming under greater scrutiny\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Bond+funds%2C+DeFi%2C+and+options+traders+are+all+coming+under+greater+scrutiny+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fbond-funds-defi-and-options-traders-are-all-coming-under-greater-scrutiny%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/bond-funds-defi-and-options-traders-are-all-coming-under-greater-scrutiny\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553578\" class=\"content-area-description single-story post-553578 post type-post status-publish format-standard hentry category-planet-finance tag-bank-for-international-settlements tag-brokerage-apps tag-defi tag-enterpriseam tag-oil-etfs tag-options-traders tag-planet-finance tag-stock-trading-apps wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>The Bank for International Settlements is calling for tougher regulations for bond <\/strong><strong>funds in order to mitigate risks to financial market stability<\/strong>, the <a href=\"https:\/\/www.ft.com\/content\/3e6f33d1-93b4-4a04-a21e-0318e0159f0a\">Financial Times<\/a> reports, citing the financial watchdog\u2019s latest quarterly report. Abrupt exits and sell-offs during times of crisis \u2014 like the mass sell-off of assets by bond funds in March 2020 \u2014 threaten to destabilize markets and necessitate emergency measures by central banks like covid stimulus introduced last year, the BIS said. Longer notice periods for banknote withdrawals, bond transfers known as in-kind redemption in place of liquid transfers, and swing pricing to reduce the value of immediate withdrawals are some of the regulations proposed by the watchdog to help bond funds brave market stress.<\/p><p><strong>DeFi is also raising flags for the BIS: <\/strong>The rapid and unregulated growth of all-digital blockchain-based <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3e978c8f-2d45-4f56-9cc3-ab1116b31e2b\">decentralized finance<\/a> \u2014 known as DeFi \u2014 is also sounding alarms for the BIS, which raised concerns that markets could destabilize should DeFi transactions seep into mainstream activity, especially due to its lack of institutional \u201cshock absorbers\u201d like banks.<\/p><p><strong>Also on watchdogs\u2019 radar: Options traders buying and selling via brokerage apps.<\/strong> A record-breaking 39 mn options contracts a day have changed hands on average this year, with retail traders making up a quarter of the activity, the <a href=\"https:\/\/www.wsj.com\/articles\/investors-are-using-robinhood-other-platforms-to-jump-into-options-trades-worrying-u-s-regulators-11638886109?mod=hp_lead_pos7\">Wall Street Journal<\/a> reports, citing data from Options Clearing Corp. This was facilitated largely by the wave of stock trading apps making it easier than ever for amateur traders to tap into the market. Dated options market regulations haven\u2019t been revised since 1980.<\/p><p><strong>Something slightly similar is happening here at home<\/strong>, with the Financial Regulatory Authority\u2019s recent decision to preemptively <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63a0ea6e-7194-431c-85c9-5b080818ef4f\">crack down<\/a> on meme stocks \u2014 also a fixture of brokerage apps \u2014 and the solicitation of traders on social media groups.<\/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>11,538<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: +6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,108<\/p>\n<\/td>\n<td>\n<p>+0.8% (YTD: +27.8%)<\/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>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>8,983<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +78.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>3,193<\/p>\n<\/td>\n<td>\n<p>+1.0% (YTD: +28.1%)<\/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>4,687<\/p>\n<\/td>\n<td>\n<p>+2.1% (YTD: +24.8%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,339<\/p>\n<\/td>\n<td>\n<p>+1.5% (YTD: +13.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 71.82<\/p>\n<\/td>\n<td>\n<p>-0.3%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.73<\/p>\n<\/td>\n<td>\n<p>+0.6%<\/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>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,785.50<\/p>\n<\/td>\n<td>\n<p>-<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 50,458.09<\/p>\n<\/td>\n<td>\n<p>-<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 0.2% at yesterday\u2019s close<\/strong> on turnover of EGP 1.77 bn (20.1% above the 90-day average). Foreign investors were net sellers. The index is up 6.4% YTD.<\/p><p><strong>In the green: <\/strong>GB Auto (+6.9%), AMOC (+2.6%) and Qalaa Holdings (+1.5%).<\/p><p><strong>In the red: <\/strong>Speed Medical (-15.8%), Rameda (-6.3%) and Heliopolis Housing (-5.6%).<\/p><p><strong>Asian markets this morning are matching Wall Street\u2019s rebound yesterday. <\/strong>Major indexes in Tokyo, Seoul, Shanghai and Hong Kong are all in the green this morning. Futures suggest Paris, Frankfurt and the EuroStoxx 50 will all open in the green, with just the FTSE 100 opening flat later this morning. Wall Street and Bay Street are also set to start the trading day in positive territory this afternoon when markets open.<\/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\/bank-for-international-settlements\/\">Bank for International Settlements<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/brokerage-apps\/\">brokerage apps<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/defi\/\">DeFi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-etfs\/\">oil ETFs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/options-traders\/\">options traders<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/stock-trading-apps\/\">stock trading apps<\/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=\"553579\" 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=\"553579\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/another-arrest-in-khashoggi-murder-case\/\">\r\n                            Another arrest in Khashoggi murder case                        <\/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\/2021\/12\/08\/another-arrest-in-khashoggi-murder-case\/\" 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\/2021\/12\/08\/another-arrest-in-khashoggi-murder-case\/')\">\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\/2021\/12\/08\/another-arrest-in-khashoggi-murder-case\/\">\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=Another arrest in Khashoggi murder case&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/another-arrest-in-khashoggi-murder-case\/\">\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\/2021\/12\/08\/another-arrest-in-khashoggi-murder-case\/&title=Another arrest in Khashoggi murder case\">\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=Another+arrest+in+Khashoggi+murder+case+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F08%2Fanother-arrest-in-khashoggi-murder-case%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\/2021\/12\/08\/another-arrest-in-khashoggi-murder-case\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553579\" class=\"content-area-description single-story post-553579 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-china tag-enterpriseam tag-eu tag-france tag-jamal-khashoggi tag-russia tag-saudi-arabia tag-world-trade-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A couple of international stories worth knowing this morning:<\/strong><\/p>\n<p><strong>French police arrested a Saudi national at the Charles de Gaulle airport <\/strong><strong>yesterday over journalist Jamal Khashoggi\u2019s murder.<\/strong> A French official said that prosecutors are still confirming the suspect\u2019s identity. (<a href=\"https:\/\/www.ft.com\/content\/65bd9316-82ad-4c6a-850b-4c6ae3e4fda8\">Financial Times<\/a>)<\/p>\n<p><strong>The EU has proposed a new anti-coercion law that could see it retaliate <\/strong><strong>with tariffs and quotas<\/strong> when countries (ahem: China, Russia) impose trade sanctions on member states, but some fear the wide-ranging powers could breach WTO rules and damage global trade. (<a href=\"https:\/\/www.ft.com\/content\/b332058c-5115-401e-b692-737810a40299\">Financial Times<\/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\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jamal-khashoggi\/\">Jamal Khashoggi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-trade-organization\/\">World Trade Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"553580\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhat\/\">\r\n                            Read Hardhat                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">13<\/div>\r\n    \r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/judging-nafeza\/\"> \r\n                            Judging Nafeza<\/a>\r\n                        <\/h3>\r\n    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/judging-nafeza\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/hardhats\/judging-nafeza\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/hardhats\/judging-nafeza\/\">\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=Judging Nafeza&url=https:\/\/enterpriseam.com\/egypt\/hardhats\/judging-nafeza\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/hardhats\/judging-nafeza\/&title=Judging Nafeza\">\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=Judging+Nafeza+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fhardhats%2Fjudging-nafeza%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n    \r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/judging-nafeza\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/259.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"553581\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/judging-nafeza\/259-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/259.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"259.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/259.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/259.png?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-553580\" class=\"content-area-description post-553580 hardhat type-hardhat status-publish has-post-thumbnail hentry tag-advanced-cargo-information-aci-system tag-enterprise-hardhat tag-enterpriseam tag-finance-ministry tag-khales-nassif tag-logistics tag-mts 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> The signs to watch to determine how successful Nafeza will be as it\u2019s rolled <\/strong><strong>out:<\/strong> Earlier this year, the Finance Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">issued a decision<\/a> requiring businesses importing goods at seaports to file shipping documents and cargo data digitally via a new Advance Cargo Information (ACI). To comply with the new system, the importer needs to register on the Finance Ministry\u2019s digital customs system <a href=\"https:\/\/www.nafeza.gov.eg\/en#\">Nafeza<\/a> (aka National Single Window for Foreign Trade Facilitation). The system made its debut <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6c476e4-b695-4719-b2c4-57a24eba139c\">last month<\/a>, after the ministry pushed back its initial deadline for businesses to join the digital system from July.<\/p>\n<p><strong>It\u2019s still early days to make a definitive judgment on the system or how successful it will be down the road.<\/strong> A month after coming into effect, there\u2019s been talk of technical glitches and some grumbles from importers about the transition and its ease of use. But so far, there doesn\u2019t appear to be a mass insurgency among importers forced onto the system, which is still being rolled out piecemeal and is currently missing some elements that make a judgment on the system at this point in time premature. Based on conversations we\u2019ve had with multiple industry insiders, the key factors to keep an eye on down the road are the extent to which importers become accustomed to going digital, resolving glitches, and the ability to integrate banks into the system \u2014 <strong>the latter of which got a big shot in the arm yesterday with an agreement between the central bank and the Finance Ministry.<\/strong><\/p>\n<p><strong>First thing\u2019s first: A refresher on ACI and Nafeza:<\/strong> ACI is a World Customs Organization (WCO) protocol that provides real-time information on shipments of incoming goods to shipping lines, port operators and governments. Through Nafeza, importers obtain a unique ID known as an ACID at least 48 hours before the goods are shipped. The shipper, who is usually an exporter registered on the other side of the system (through blockchain platform CargoX) must then submit documentation to Nafeza containing information such as the ACID and the bill of lading. The system is meant to speed up customs clearance at ports and make life easier for importers and customs officials alike, with the added benefit of building a nationwide shipping database and tracking goods traffic. Since its launch in October, around 43.5k ACIDs have been issued, Khaled Nassef, technology advisor for the Egyptian Company for E-commerce Technology (MTS), which set up the ACI system, tells Enterprise.<\/p>\n<p><strong>Still confused? <\/strong>Head to our in-depth ACI explainer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9e2f68a-8c99-4750-b736-cbcdd6f65839\">here<\/a>.<\/p>\n<p><strong>Where things currently stand:<\/strong> The vast majority of importers have now registered with the system, with north of 85% of active importers (around 24k companies) looped into Nafeza as of Monday, according to Nassef. Meanwhile, the system appears to be rolled out in phases, with the Finance Ministry and Customs Authority expecting to fully digitalize all customs-related transactions by next June, according to Nassef.<\/p>\n<p><strong>#1- Digital illiteracy and reluctance to rely on electronic systems:<\/strong> Some importers, including small companies, are finding it difficult to use Nafeza for digital ACI filing, largely because they are not accustomed to relying on a digital system. This process of understanding the ins and outs of the system could sometimes delay the pre-clearance process, shipping agent GlobeLink Logistics General Manager Hany Samir said. For example, one of the strict requirements on the new system is that each shipment should produce an electronic invoice that has to be uploaded to Nafeza and CargoX as an Excel spreadsheet. In the first month of Nafeza\u2019s implementation, importers hit a wall because they produced and uploaded invoices as PDFs.<\/p>\n<p><strong>Crucially, part of the digital illiteracy culture is the existence of and general potential for graft in the original paper-based system.<\/strong> Through the ACI system, \u201call the documentation is transferred through a highly secure, auditable, transparent, but also confidential manner, with the use of public, neutral blockchain technology,\u201d CargoX CEO Stefan Kukman told Enterprise. ACI\u2019s transparency essentially eliminates middlemen\u2019s ability to pocket financial incentives to push along customs clearance, industry insiders told us. Importers and other individuals involved in the customs space who have grown accustomed to graft will naturally be resistant to moving towards a transparent system.<\/p>\n<p><strong>#2- Looping banks in:<\/strong> On the payments side of things, the traditional importing process, which involves mailing original documents to Egypt, is still in place, according to sources familiar with the process. This process usually involves the exporter sending over the original bill of lading, invoice, certificate of origin, packing list, and other documents to the importer\u2019s bank. The importer then needs to collect those documents and hand them over to a clearance agent, who then scrambles over to the destination port and pushes papers the old-school way.<\/p>\n<p><strong>This is changing: <\/strong>The CBE, Finance Ministry, and their JV Egyptian Banks Company, signed an agreement with MTS that would see them cooperate on integrating Egypt\u2019s banks with the system and eventually see them do away with the paperwork, the CBE said in <a href=\"https:\/\/ent.news\/2021\/12\/CBE-ACI-statement.pdf\">a statement (pdf)<\/a> yesterday. Currently they are testing a new digital system and will be rolled out across the banking system as soon as it is ready, Nassef tells us. The digital system will be implemented on a trial basis for a select pool of importers as of January, Nassef said. For the duration of the trial period, these importers \u2014 which will likely be limited to large companies \u2014 will be required to submit both digital and paper documents until the process runs smoothly, he said.<\/p>\n<p><strong>How would the system work? <\/strong>While details are scant, our understanding is that a digital banking module will be added to the Nafeza platform. This will allow users to upload their required documents to their desired bank, and once it is fully rolled out, would forgo the need for physical cargo documents and the need for customs clearance agents to appear in-person in customs offices at ports.<\/p>\n<p><strong>This follows international standards and practices:<\/strong> The International Trade and Forfaiting Association (ITFA) has an initiative, known as Digital Negotiable Instruments, which allows the digitalization of bank guarantees, bills of exchange, and promissory notes, Kukman told Enterprise. Digital document specifications from ITFA \u201cproviding a vendor-agnostic technology-based framework to enable digital original documents to act the same way as paper original documents,\u201d according to the CargoX boss.<\/p>\n<p><strong>#3- Tech glitches:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71da4d4e-41c9-4046-b586-e8553662941a\">Last month<\/a>, the Cairo Chamber of Commerce\u2019s Customs Committee and the Customs Authority sat down to discuss issues importers are facing with the system. The vast majority of these issues are minor technical issues, such as bugs, system outages, and some other glitches with processing requests according to Customs Authority boss El Shahat Ghatwary. Most of these issues have been resolved, Ghatwary told Enterprise.<\/p>\n<p><strong>ALSO KEEP YOUR EYE ON- ACI for air freight?<\/strong> The Finance Ministry is mulling expanding the application of the ACI pre-registration system to include air freight, Nassef told us. Authorities are currently studying the mechanisms of the system, taking into account the nature of the system, seeing that air freight moves at a significantly faster pace than any other form of cargo, a process that should be complete sometime during the first quarter of next year.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Electrical infrastructure for the New Delta: <\/strong>President Abdel Fattah El Sisi directed that electrical infrastructure be beefed up for the 2.2 mn feddan agricultural project, according to an Ittihadiya <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/459477385540995\">statement<\/a>.<\/li>\n<li><strong>The long-awaited <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a2aa641-0f66-4e11-b1d1-0da2dcb4670c\">tender for the Tenth of Ramadan dry port<\/a><\/strong><strong> will be launched <\/strong><strong>in January<\/strong>, while <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4b7dda6-68ea-494b-9b5c-c5c6523967d5\">six consortiums have already come forward<\/a> with offers to build and operate the EGP 3.5 bn dry port and logistics hub.<\/li>\n<li><strong>A Little Romania in the SCZone? <\/strong>A Romanian delegation met with Suez Canal Economic Zone officials over the weekend to <a href=\"https:\/\/bit.ly\/3Eo7WmR\">discuss joint investments in the area<\/a>, including a possible Romanian industrial zone.<\/li>\n<li><strong>US-led consortium <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec6542ef-2669-479e-800f-97fc8d864564\">tapped for Mogamma overhaul<\/a><\/strong><strong>:<\/strong> A consortium of US-based <a href=\"https:\/\/www.gvgrp.com\/about-gvg\/\">Global Ventures<\/a> and <a href=\"https:\/\/www.oxford-capital.com\/\">Oxford Capital<\/a> together with the UAE\u2019s <a href=\"http:\/\/alotaiba.ae\/group-subsidiaries\/al-otaiba-investments\/\">Al Otaiba Investment<\/a> have signed an EGP 3.5 bn contract to redevelop Tahrir Square\u2019s temple to bureaucracy.<\/li>\n<li><strong>Smart parking down the road: <\/strong>The Military Production Ministry\u2019s Helwan For Engineering Industries has <a href=\"https:\/\/www.facebook.com\/photo.php?fbid=289396739897420&set=a.144073987763030&type=3\">produced its first<\/a> rotating smart parking system in partnership with the private sector.<\/li>\n<li><strong>Silo investments: <\/strong>The Trade and Industry Ministry\u2019s Egyptian Holding Company for Silos and Storage <a href=\"https:\/\/alborsaanews.com\/2021\/12\/07\/1488510\">is planning to establish<\/a> five silos with investments of EGP 600 mn over the next two years.<\/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\/advanced-cargo-information-aci-system\/\">Advanced Cargo Information (ACI) system<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khales-nassif\/\">Khales Nassif<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mts\/\">MTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"553582\" 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\/2021\/12\/08\/553582\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-553582\" class=\"content-area-description single-story post-553582 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>7-8 December (Tuesday-Wednesday): <a href=\"https:\/\/northafricatradefinance.com\/\">North Africa Trade Finance Summit<\/a>.<\/p>\n<p>8-10 December (Wednesday-Friday): <a href=\"https:\/\/www.gfhsegypt.com\/\">Global Forum for Higher Education and Scientific Research (GFHS)<\/a>, Cairo, Egypt.<\/p>\n<p>8-9 December (Wednesday-Thursday): The 14th General Conference of the Islamic World Educational, Scientific, and Cultural Organisation (<a href=\"https:\/\/www.icesco.org\/en\/2021\/11\/30\/under-the-patronage-of-president-el-sisi-icesco-to-hold-its-general-conference-in-cairo-on-december-8-and-9-2021\/\">ICESCO<\/a>) will be held in Egypt.<\/p>\n<p>9 December (Thursday): Second vaccine shot appointments will be made available to those who previously missed their appointments.<\/p>\n<p>9 December (Thursday): Deadline for tobacco companies to purchase the new conditions booklet for the Industrial Development Authority\u2019s tobacco manufacturing license. <sup><\/sup><\/p>\n<p>9-10 December (Thursday-Friday): The US <a href=\"https:\/\/www.state.gov\/summit-for-democracy\/\">Summit for Democracy<\/a>. Egypt is not among the invitees.<\/p>\n<p>9-12 December (Thursday-Sunday): The <a href=\"https:\/\/www.woodshowglobal.com\/cairo\">6th Edition of Cairo Woodshow<\/a>, Cairo International Convention Centre, Cairo, Egypt.<\/p>\n<p>10 December (Friday): Capmas will release November inflation figures.<\/p>\n<p>10 December (Friday): Silicon Waha\u2019s <a href=\"https:\/\/bit.ly\/3FATsAa\">Startup Factory<\/a> program kicks off in Assiut Technology Zone.<\/p>\n<p>12 December (Sunday): Booster shot appointments for those eligible will roll in on the Health Ministry\u2019s website.<sup><\/sup><\/p>\n<p>12 December (Sunday): Raya Holding\u2019s Ordinary General Assembly meeting.<\/p>\n<p>12 December (Sunday): Deadline to apply to the <a href=\"https:\/\/www.mckinsey.com\/forward\/locations\/middle-east\">McKinsey Forward<\/a> program for young professionals.<\/p>\n<p>12-14 December (Sunday-Tuesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa Cairo<\/a> trade exhibition, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>13-17 December (Monday-Friday): United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/p>\n<p>14 December (Tuesday): Inquiry session for the <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">Industrial Development Authority<\/a>\u2019s licenses to manufacture steel products.<\/p>\n<p>14 December (Tuesday): CDC event to announce the details of its 2022-2026 strategy period.<\/p>\n<p>14-19 December (Tuesday-Sunday): <a href=\"https:\/\/www.facebook.com\/cifcet\/\">The Cairo International Festival for Experimental Theater<\/a>.<\/p>\n<p>14-15 December (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>15 December (Wednesday): Deadline for joint stock companies and investment companies in Cairo to join e-invoicing platform.<\/p>\n<p>15 December (Wednesday): Target date for snackmaker Edita to wrap up due diligence on its acquisition of the Ole brand owner Egyptian Belgian Company.<\/p>\n<p>15 December (Wednesday): The European Bank for Reconstruction and Development will give its final approval for a USD 100 mn facility to state-owned Banque Misr to finance local SMEs working on green projects.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>16 December (Thursday): SODIC shares will be transferred to Aldar Properties \/ ADQ consortium by this date.<sup><\/sup><\/p>\n<p>16 December (Thursday): Inquiry session for the Industrial Development Authority\u2019s licenses to manufacture tobacco products. <sup><\/sup><\/p>\n<p>End of December: El Nasr Automotive plans to sign contracts with a new partner to locally assemble EVs.<\/p>\n<p>End of 4Q2021: EdVentures plans to have closed at least one more edtech investment round.<\/p>\n<p>End of 4Q2021: Fawry plans to have launched its MyFawry card.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>1H2022: e-Aswaaq\u2019s tourism platform will roll out its ticketing and online booking portal across Egypt.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1Q2022: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cd1fc44-1593-4317-8658-0aa792215521\">Launch of the Egyptian Commodities Exchange<\/a>.<\/p>\n<p>1Q2022: Swvl acquisition of Viapool expected to close.<\/p>\n<p>Second Half of January: Egypt <a href=\"https:\/\/alborsaanews.com\/2021\/11\/23\/1483989\">will host<\/a> the Egyptian-Bahraini Joint Committee.<\/p>\n<p>The end of January: The Egyptian-Romanian business forum will take place with the aim of strengthening joint investment relations.<\/p>\n<p>January 2022: Tenth of Ramadan dry port tender to be launched.<\/p>\n<p>1 January 2022 (Saturday): Capital gains tax comes into effect on the EGX for local investors.<\/p>\n<p>1-15 January 2022 (Saturday-Saturday): Qualified Industrial Zones (<a href=\"https:\/\/www.trade.gov\/qualifying-industrial-zones\">QIZ<\/a>) Joint Committee.<\/p>\n<p>4 January 2022 (Tuesday): OPEC+ ministerial meeting.<\/p>\n<p>7 January 2022 (Friday): Coptic Christmas.<\/p>\n<p>10-13 January 2022 (Monday-Thursday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a>, Sharm El Sheikh.<\/p>\n<p>15 January (Saturday): Target date for the finalization of snackfood giant Edita\u2019s acquisition of the Egyptian Belgian Company, owner of the Ole brand.<\/p>\n<p>17-19 January 2022 (Monday-Wednesday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/en-gb.html\">World Future Energy Summit<\/a>, Abu Dhabi.<\/p>\n<p>20 January 2022 (Thursday): Kadmar Shipping\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01ff5c98-c2b7-42a3-9c0f-7e33f4c9e638\">new line<\/a> transporting agricultural crops between Alexandria and Russia begins its operations.<sup><\/sup><\/p>\n<p>27 January 2022 (Tuesday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>February 2022: <sup><\/sup>Hassan Allam Construction\u2019s <a href=\"https:\/\/alborsaanews.com\/2021\/12\/07\/1488592\">new construction firm<\/a> established with Russia\u2019s Titan-2 to handle construction work on the Dabaa nuclear power plant begins its operations.<\/p>\n<p>11 February 2022 (Friday): <a href=\"https:\/\/finance.yahoo.com\/news\/vistas-media-acquisition-company-inc-203000610.html\">Deadline for Anghami SPAC merger<\/a>.<\/p>\n<p>11-13 February (Friday-Sunday) FIBA Intercontinental Cup, Cairo.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>15 February 2022 (Tuesday): The Industrial Development Authority\u2019s deadline for <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">receiving offers<\/a> from companies for licenses to manufacture steel products.<\/p>\n<p>19 February 2022 (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>March 2022: 4Q2021 earnings season.<\/p>\n<p>March 2022: Deadline for the World Health Organization\u2019s <a href=\"https:\/\/www.who.int\/news\/item\/01-12-2021-world-health-assembly-agrees-to-launch-process-to-develop-historic-global-accord-on-pandemic-prevention-preparedness-and-response\">intergovernmental negotiating body<\/a> to meet to discuss binding treaty on future pandemic cooperation.<\/p>\n<p>March 2022: World Cup playoffs.<\/p>\n<p>2 April 2022 (Saturday): First day of Ramadan (TBC).<\/p>\n<p>3 April 2022 (Sunday): Bidding begins on the Industrial Development Authority\u2019s license to manufacture tobacco products. <sup><\/sup><\/p>\n<p>4 April 2022 (Monday): CDC Group will formally change its name to British International Investment.<\/p>\n<p>22-24 April 2022 (Friday-Sunday):<a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>24 April 2022 (Sunday): Coptic Easter Sunday (holiday for Coptic Christians).<\/p>\n<p>25 April 2022 (Monday): Sham El Nessim.<\/p>\n<p>25 April 2022 (Monday): Sinai Liberation Day.<\/p>\n<p>Late April - 15 May 2022: 1Q2022 earnings season<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>2 May 2022 (Monday): Eid El Fitr (TBC).<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June 2022 (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>July 2022: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>8 July 2022 (Friday): Arafat Day.<\/p>\n<p>9-13 July 2022 (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>30 July 2022 (Saturday): Islamic New Year.<\/p>\n<p>Late July - 14 August 2022: 2Q2022 earnings season.<\/p>\n<p>September 2022: Egypt will display its first naval exhibition with the title <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>.<\/p>\n<p>6 October 2022 (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October 2022 (Saturday): Prophet Muhammad\u2019s birthday.<\/p>\n<p>18-20 October 2022 (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>Late October - 14 November 2022: 3Q2022 earnings season.<\/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 below 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":553556,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-553555","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a81262c6-bce3-4c5b-a570-1d490af02be5","teaser":"","photo_url":"https:\/\/ent.news\/2021\/12\/109.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>Aldar and ADQ are the proud new owners of SODIC - 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\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aldar and ADQ are the proud new owners of SODIC\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T00:10:56+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/109.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\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/\",\"name\":\"Aldar and ADQ are the proud new owners of SODIC - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/109.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-12-08T03:53:24+00:00\",\"dateModified\":\"2025-12-16T00:10:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/109.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/109.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#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\":\"Aldar and ADQ are the proud new owners of SODIC\"}]},{\"@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":"Aldar and ADQ are the proud new owners of SODIC - 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\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/","og_locale":"en_US","og_type":"article","og_title":"Aldar and ADQ are the proud new owners of SODIC","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T00:10:56+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/109.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/","name":"Aldar and ADQ are the proud new owners of SODIC - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/109.jpg?fit=%2C&ssl=1","datePublished":"2021-12-08T03:53:24+00:00","dateModified":"2025-12-16T00:10:56+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/109.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/109.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/aldar-and-adq-are-the-proud-new-owners-of-sodic\/#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":"Aldar and ADQ are the proud new owners of SODIC"}]},{"@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\/553555","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\/553555\/revisions"}],"predecessor-version":[{"id":553592,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/553555\/revisions\/553592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/553556"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}