{"id":555250,"date":"2021-11-08T04:00:34","date_gmt":"2021-11-08T04:00:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=555250"},"modified":"2025-12-16T00:50:14","modified_gmt":"2025-12-16T00:50:14","slug":"egypt-us-open-key-diplomatic-talks-in-washington-today","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-us-open-key-diplomatic-talks-in-washington-today\/","title":{"rendered":"Egypt + US open key diplomatic talks in Washington today"},"content":{"rendered":"<section id=\"555252\" 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=\"555252\">\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\/11\/08\/this-morning-egypt-us-diplomatic-talks-start-in-washington-today-public-school-fees-can-now-be-paid-digitally\/\">\r\n                            THIS MORNING: Egypt-US diplomatic talks start in Washington today; Public school fees can now be paid digitally.                        <\/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\/11\/08\/this-morning-egypt-us-diplomatic-talks-start-in-washington-today-public-school-fees-can-now-be-paid-digitally\/\" 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\/11\/08\/this-morning-egypt-us-diplomatic-talks-start-in-washington-today-public-school-fees-can-now-be-paid-digitally\/')\">\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\/11\/08\/this-morning-egypt-us-diplomatic-talks-start-in-washington-today-public-school-fees-can-now-be-paid-digitally\/\">\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: Egypt-US diplomatic talks start in Washington today; Public school fees can now be paid digitally.&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/this-morning-egypt-us-diplomatic-talks-start-in-washington-today-public-school-fees-can-now-be-paid-digitally\/\">\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\/11\/08\/this-morning-egypt-us-diplomatic-talks-start-in-washington-today-public-school-fees-can-now-be-paid-digitally\/&title=THIS MORNING: Egypt-US diplomatic talks start in Washington today; Public school fees can now be paid digitally.\">\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+Egypt-US+diplomatic+talks+start+in+Washington+today%3B+Public+school+fees+can+now+be+paid+digitally.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fthis-morning-egypt-us-diplomatic-talks-start-in-washington-today-public-school-fees-can-now-be-paid-digitally%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\/11\/08\/this-morning-egypt-us-diplomatic-talks-start-in-washington-today-public-school-fees-can-now-be-paid-digitally\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555252\" class=\"content-area-description single-story post-555252 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-digitization tag-diplomacy tag-education tag-elon-musk tag-enterpriseam tag-politics tag-sameh-shoukry tag-schools tag-tax tag-tesla tag-us 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<\/strong>, and welcome to a very busy news day that will likely accelerate as the day grinds on. We expect a lot of Egypt news to be coming out of Washington today and tomorrow as Egyptian diplomats kickstart a strategic dialogue with top State Department officials in DC.<\/p><p><strong>THE BIG STORIES ABROAD- There\u2019s no single story capturing the attention of the <\/strong><strong>global press<\/strong> as we wake up this morning.<\/p><p><strong>The Wall Street Journal\u2019s front page sounds a note of caution<\/strong>, with <a href=\"https:\/\/www.wsj.com\/articles\/the-economic-rebound-from-covid-19-was-easy-now-comes-the-hard-part-11636299941?mod=hp_lead_pos1\">a piece<\/a> reminding us that it\u2019s not all going to be plain sailing even as global growth figures recover from the shock of the pandemic. Accelerating inflation, continued supply chain disruption, rising interest rates, and a wobbly Chinese economy will all pose serious challenges to the global economy in the coming months, with some analysts not expecting supply chains to begin normalizing until the end of 2022.<\/p><p><strong>Elon Musk has found another way of courting publicity<\/strong> after asking his Twitter followers whether he should sell down a 10% stake in Tesla in response to proposals to tax unrealized gains. He\u2019s promised to abide by the result. With almost 60% of respondents voting yes, Musk will presumably now be offloading shares worth more than USD 20 bn \u2014 and paying the tax that goes with it. <a href=\"https:\/\/www.ft.com\/content\/8e452b98-d910-4470-816c-42784f0536f6\">The FT<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-07\/twitter-has-spoken-musk-should-sell-a-21-billion-tesla-stake?srnd=premium&amp;sref=mmeFTDW1\">Bloomberg<\/a> have more.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a><strong> Shoukry in DC for high-level talks:<\/strong> Foreign Minister Sameh Shoukry will hold talks with US Secretary of State <strong>Antony Blinken<\/strong> during the two-day US-Egypt Strategic Dialogue, which kicks off today, the <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/193276639648857\">Egyptian Foreign Ministry<\/a> and the <a href=\"https:\/\/www.state.gov\/u-s-egypt-strategic-dialogue-november-8-9\/\">US State Department<\/a> said in separate statements over the weekend. The meetings, which will also be attended by senior officials from USAID and the Department of Defense, will cover \u201cinternational, regional, human rights and bilateral cooperation on economic, judicial, security, educational and cultural issues,\u201d the State Department said.<\/p><p><strong>Here\u2019s what we expect from the meeting:<\/strong> GERD, US military assistance, Israel-Palestine and the coup in Sudan will likely all be at the top of the priority list. Add to that the situation in Libya (more in Around the World, below) ahead of the talks in Paris this week \u2014 and US-backed plans to ship Egyptian gas to Lebanon \u2014 and there\u2019s plenty to keep the two sides busy. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/017a7c83-aa80-47eb-9f10-eff0184d4ff0\">More here<\/a>.<\/p><p><strong>Ahead of the meeting: <\/strong>Shoukry sat down for talks with the US envoy to Iran \u201cto exchange views on the situation in the Middle East,\u201d the Foreign Ministry <a href=\"https:\/\/twitter.com\/MfaEgypt\/status\/1457370128014786574\">tweeted<\/a> last night, without providing further information.<\/p><p><strong>This week on the Egyptian conference circuit:<\/strong> Today is Day Two of four at transport conference <a href=\"https:\/\/trans-mea.com\/\">TransMea 2021<\/a> and the 2021 <a href=\"https:\/\/cairoict.com\/\">Cairo ICT<\/a> exhibition, both of which are taking place at the Egypt International Exhibition Center.<\/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>PSA- Public school fees can now be paid digitally: <\/strong>The Education Ministry launched an e-payment service for public school fees, in collaboration with state-owned e-Finance and fintech startup <a href=\"https:\/\/www.klickit.co\/\">KlickIt<\/a>, according to <a href=\"https:\/\/bit.ly\/3bOIMAX\">local press reports<\/a>. Parents can now pay school fees using debit and credit cards, a move which aims to decrease the use of cash and promote financial inclusion, a joint statement f<sup><\/sup><sup><\/sup>rom e-Finance and Klickit said.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Inflation:<\/strong> Inflation figures for October will be released this Wednesday, 10 November.<\/p><p><strong>Public sector workers have until next Monday, 15 November to get vaccinated<\/strong> or risk not being allowed into their workplaces.<\/p><p><strong>The two-day <\/strong><strong><a href=\"https:\/\/africafintechsummit.com\">Africa Fintech summit<\/a><\/strong><strong> kicks off next Tuesday, 16 November.<\/strong> The summit looks at innovation in the fintech ecosystem, venture capital and other forms of investing, and will also discuss the rise of healthtech.<\/p><p><strong>The British are coming:<\/strong> British royal family members Prince Charles and the Duchess of Cornwall will be in town next Thursday and Friday, 18 and 19 November.<\/p><p><strong>Calling all Egyptian entrepreneurs aged 23-35:<\/strong> You have a little over two weeks to apply for the acceleration exchange program <a href=\"https:\/\/msv.untapcompete.com\/\">Meet Silicon Valley<\/a> for a chance to travel to California for a 10-day program to meet with tech executives and investors. The program is being implemented by Injaz Egypt and TechWadi with the support of the US Embassy in Egypt, and the deadline for applications is 23 November.<\/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\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> Unlike the US or UK, scholarships at the K-12 level aren\u2019t popular in Egypt. We\u2019ve found a few K-12 private schools offering academic or non-academic scholarships, but they appear to be in the minority. Instead, the norm is to offer financial aid under a charitable model as and when necessary \u2014 usually to existing students, to mitigate financial hardship.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elon-musk\/\">Elon Musk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/schools\/\">Schools<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tesla\/\">Tesla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"555253\" 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=\"555253\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/555253\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555253\" class=\"content-area-description single-story post-555253 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/SOMA-ENTERPRISE-GOLFNIGHT-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>Enjoy yourself with family and friends in a fun and relaxed atmosphere with our new night golf experience.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555254\" 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=\"555254\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/\">\r\n                            Ibnsina\u2019s investment arm to pour EGP 440 mn into logistics 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 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<\/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\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/359.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555255\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/359-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/359.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"359.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/359.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/359.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555254\" class=\"content-area-description single-story post-555254 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam tag-ibnsina-pharma tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><strong> EGX-listed Ibnsina Pharma\u2019s investment arm AIM is investing EGP 440 mn to <\/strong><strong>establish a logistics service provider, Ramp Logistics<\/strong>, according to <a href=\"https:\/\/ent.news\/2021\/11\/Ibnsina-Ramp-Logistics-investment.pdf\">an EGX disclosure (pdf)<\/a>. The third-party logistics business is set to provide warehousing and transport services, and will be 99% owned by AIM.<\/p>\n<p><strong>Ramp Logistics is planning both sector and regional expansion:<\/strong> The company is looking to serve sectors outside of pharma in Egypt while also planning to grow its geographical footprint. Ramp has already signed a contract with <a href=\"https:\/\/ar-ar.facebook.com\/pages\/category\/Community\/Orchid-Kuwait-Egyptian-Company-224316137595242\/\">Orchid Kuwait Egyptian Company<\/a> to set up a new 31k sqm warehouse in Tenth of Ramadan, doubling its storage capacity. \u201cThe planned expansion by Ramp Logistics \u2026 will allow Ramp Logistics to lower the required initial capex needed for expansion and extend the payment of investment cost over a long period,\u201d said Omar Abdel Gawad, co-CEO of Ibnsina Pharma.<\/p>\n<p><strong>Background:<\/strong> Ibnsina, a pharma distributor, had previously signaled plans to shore up its logistics capabilities and was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4d3100f-91b3-49d0-ae20-6f818c07781d\">looking to invest<\/a> EGP 180 mn in 2021 to set up new distribution hubs and improve its tech infrastructure.<\/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\/ibnsina-pharma\/\">Ibnsina Pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555256\" 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=\"555256\">\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\">Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/lighthouse-education-reaches-egp-560-mn-first-close\/\">\r\n                            Lighthouse Education reaches EGP 560 mn first close                        <\/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\/11\/08\/lighthouse-education-reaches-egp-560-mn-first-close\/\" 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\/11\/08\/lighthouse-education-reaches-egp-560-mn-first-close\/')\">\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\/11\/08\/lighthouse-education-reaches-egp-560-mn-first-close\/\">\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=Lighthouse Education reaches EGP 560 mn first close&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/lighthouse-education-reaches-egp-560-mn-first-close\/\">\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\/11\/08\/lighthouse-education-reaches-egp-560-mn-first-close\/&title=Lighthouse Education reaches EGP 560 mn first close\">\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=Lighthouse+Education+reaches+EGP+560+mn+first+close+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Flighthouse-education-reaches-egp-560-mn-first-close%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\/11\/08\/lighthouse-education-reaches-egp-560-mn-first-close\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/360.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555257\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/lighthouse-education-reaches-egp-560-mn-first-close\/360-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/360.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"360.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/360.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/360.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555256\" class=\"content-area-description single-story post-555256 post type-post status-publish format-standard has-post-thumbnail hentry category-education tag-banque-misr tag-education tag-enterpriseam tag-lighthouse-education tag-misr-insurance-holding tag-mohamed-el-sherif tag-mohammed-el-samman tag-sovereign-fund-of-egypt wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>State-backed education investment platform <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8298555-2c1a-4220-a384-e1e6f7eff7e4\">Lighthouse Education<\/a><\/strong><strong> has<\/strong> <sup><\/sup><strong>reached a first close of EGP 560 mn<\/strong>, beating its initial fundraising target, Deputy Chairman Mohamed El Sherif tells Enterprise. Backed by the Sovereign Fund of Egypt, the fund will channel investment into K12 private schools and originally targeted a EGP 500 mn first close.<\/p>\n<p><strong>Lighthouse has this Saudi investment company to thank:<\/strong> <a href=\"http:\/\/www.rajhi-invest.com\/index-en.html\">Al Rajhi Investment Holding<\/a><a href=\"http:\/\/www.rajhi-invest.com\/index-en.html\">Company<\/a> (Rajhi-Invest) has become the latest limited partner in the fund with a EGP 75 mn commitment, Lighthouse announced in <a href=\"https:\/\/ent.news\/2021\/11\/PRL-Rajhi-Invest-Lighthouse-AR-V1-copy-copy.pdf\">a statement (pdf)<\/a> late last week. This is the company\u2019s first investment in Egypt, said CEO Mohammed El Samman in the statement. The fund\u2019s current portfolio spans industrial building materials, food and beverage, banking, real estate, and tourism, and is part of a large family-owned conglomerate that includes Al Rajhi Bank and Rajhi Steel.<\/p>\n<p><strong>Who are the other partners?<\/strong> The bulk of the capital has been provided by state-owned organizations. Misr Ins. Holding has made the biggest commitment, contributing EGP 125 mn, while the Sovereign Fund of Egypt and Banque Misr provided EGP 100 mn each. United Bank of Egypt has committed EGP 50 mn and fund managers Hossam El Kabbany, the founder of Al Orman schools, and privately-owned financial advisor Ironwood Investments have put up EGP 20 mn. The identities of the investors who provided the remaining EGP 90 mn are unknown.<\/p>\n<p><strong>The fund could start announcing acquisitions within months<\/strong>, El Sherif said in the statement. The platform aims to acquire majority stakes in at least two of four shortlisted K12 private schools before the end of 2021, and was conducting early due diligence over the summer, El Sherif <a href=\"https:\/\/enterprise.press\/blackboards\/lighthouse-education-takes-off-big-plans-sector\/\">told us at the time<\/a>. All of the near-term acquisitions are located in Greater Cairo, he added, with greenfield projects expected to follow at a later stage.<\/p>\n<p><strong>Lighthouse was <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/038b5368-d8ee-43f4-86e7-31a202c5bba7\">launched in July<\/a><\/strong><strong> to channel investment into K12 private schools.<\/strong> The platform <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/172347934935635\">plans to invest in 10-12 schools<\/a>, focusing initially on Cairo and Giza before turning its attention to other areas of the country such as Alexandria, Beni Suef, Assiut, Port Said, Gharbia, and Qalyubia. The platform is aiming to reach its second close before the end of 2022 and hopes to eventually increase its capital to EGP 1.75 bn.<\/p>\n<p><strong>EDITOR\u2019S NOTE-<\/strong> We previously reported that Suez Canal Bank was among the founding members of Lighthouse Education. We\u2019ve since been informed that this is not the case.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/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\/lighthouse-education\/\">Lighthouse Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/misr-insurance-holding\/\">Misr Insurance Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-el-sherif\/\">Mohamed El Sherif<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohammed-el-samman\/\">Mohammed El Samman<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555258\" 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=\"555258\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/a-mixed-picture\/\">\r\n                            A mixed picture                        <\/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\/11\/08\/a-mixed-picture\/\" 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\/11\/08\/a-mixed-picture\/')\">\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\/11\/08\/a-mixed-picture\/\">\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=A mixed picture&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/a-mixed-picture\/\">\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\/11\/08\/a-mixed-picture\/&title=A mixed picture\">\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=A+mixed+picture+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fa-mixed-picture%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\/11\/08\/a-mixed-picture\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555258\" class=\"content-area-description single-story post-555258 post type-post status-publish format-standard hentry category-economy tag-arab-monetary-fund tag-economy tag-enterpriseam tag-gdp tag-inflation 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>Arab Monetary Fund slightly more optimistic on Egypt\u2019s GDP outlook than IMF:<\/strong> The Egyptian economy will grow at a 5.4% clip in FY 2021-2022, up from 3.3% last year, according to the Arab Monetary Fund\u2019s latest <a href=\"https:\/\/ent.news\/2021\/11\/Arab-Monetary-Fund-regional-economic-outlook-November-2021.pdf\">Arab Economic Outlook Report (pdf)<\/a>. The estimate comes in slightly higher than the 5.2% growth pencilled in for Egypt for this fiscal year by the International Monetary Fund (IMF) in its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0995771d-0f22-47c8-bfac-8ff7985fa0b0\">most recent regional forecast<\/a>. The AMF expects Egypt to see inflation of 5.9% in the 2021-2022 fiscal year, 0.4 percentage points lower than the IMF\u2019s estimate of 6.3% inflation over the same period.<\/p>\n<p><strong>IN OTHER ECONOMIC NEWS-<\/strong><\/p>\n<p><strong>Want growth in the private sector? The state needs to do more to level the playing field<\/strong>, Hasnain Malik, head of research at emerging market research firm Tellimer, told Bloomberg Daybreak yesterday (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2021-11-07\/tellimer-s-malik-egyptian-authorities-must-step-back?sref=mmeFTDW1\">watch, runtime: 08:04<\/a>). \u201cEgypt is stuck in a high-government debt, low-growth equilibrium,\u201d he said, commenting on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebbd987a-341d-42af-a2af-cc022d2c0c87\">recent PMI figures<\/a> that showed that the Egyptian private sector contracted for the 11th consecutive month in October. \u201cThe only way to change that is for the state and the military enterprises to take a step back and level the playing field for the private sector, whether that\u2019s domestically owned or foreign multinationals,\u201d he said.<\/p>\n<p><strong>Supply chain issues are weighing on businesses already struggling for growth:<\/strong> Though the country\u2019s non-oil private sector has now been in contraction for almost a year, activity weakened to its lowest level since May last month as bottlenecks in global supply chains caused prices to rise at their fastest rate in over three years. The headline urban inflation rate <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9734c255-82fb-4ede-9084-de53f4dbb70d\">jumped almost 1% in September<\/a> to 6.6%, led by a rise in food prices Malik described as \u201cworrying.\u201d<\/p>\n<p><strong>The recovery in the tourism sector could help to offset food price inflation<\/strong>, he said, but warned that many of the economy\u2019s structural vulnerabilities have not been solved by the government or the IMF program,<\/p>\n<p><strong>On a more positive note: The EGX has woken from its slumber<\/strong>, said Malik, noting that equities have rallied around 10% in recent weeks thanks to more attractive valuations, persistent underperformance, and better-than-expected results at index heavyweight CIB. Equities remain cheap and are currently at a 20% below<sup><\/sup> the historic five-year average, he said.<\/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\/arab-monetary-fund\/\">Arab Monetary Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555259\" 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=\"555259\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/swvl-to-invest-usd-25-mn-in-engineering-marketing\/\">\r\n                            Swvl to invest USD 25 mn in engineering, marketing                        <\/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\/11\/08\/swvl-to-invest-usd-25-mn-in-engineering-marketing\/\" 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\/11\/08\/swvl-to-invest-usd-25-mn-in-engineering-marketing\/')\">\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\/11\/08\/swvl-to-invest-usd-25-mn-in-engineering-marketing\/\">\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=Swvl to invest USD 25 mn in engineering, marketing&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/swvl-to-invest-usd-25-mn-in-engineering-marketing\/\">\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\/11\/08\/swvl-to-invest-usd-25-mn-in-engineering-marketing\/&title=Swvl to invest USD 25 mn in engineering, marketing\">\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=Swvl+to+invest+USD+25+mn+in+engineering%2C+marketing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fswvl-to-invest-usd-25-mn-in-engineering-marketing%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\/11\/08\/swvl-to-invest-usd-25-mn-in-engineering-marketing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/362.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555260\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/swvl-to-invest-usd-25-mn-in-engineering-marketing\/362-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/362.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"362.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/362.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/362.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555259\" class=\"content-area-description single-story post-555259 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-swvl tag-transport 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>Homegrown mass transport startup Swvl plans to invest USD 25 mn over the next <\/strong><strong>year, part of which will go towards its engineering team in Egypt<\/strong>, CFO Youssef Salem told <a href=\"https:\/\/bit.ly\/3kaXU08\">Hapi Journal<\/a>. A portion of the investment will also go towards its marketing plan, according to the report, which appeared in yesterday\u2019s print edition of the newspaper. The investment comes as part of a longer-term <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/491a4363-fd78-435b-abee-d85c2c9cb5a1\">global expansion plan<\/a> to invest up to USD 300 mn over the next three years. Swvl has invested a total of USD 120 mn since it was founded in 2017.<\/p>\n<p><strong>Tech upgrades + expansion plans are also on the way: <\/strong>The company is currently working on updates to the drivers\u2019 app that will allow drivers to receive payments right before trips begin (rather than on a weekly basis), as well as pay for gas online. It is also in talks with banks to provide new vehicle loans to Swvl drivers. These plans are part of the three-year USD 300 mn investment plan, but are not covered by the USD 25 mn investment, Salem confirmed to Enterprise. A bulk of the USD 300 mn investment is also going towards an ambitious <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/491a4363-fd78-435b-abee-d85c2c9cb5a1\">expansion plan<\/a> that will see it begin operating in four countries in Latin America and Southeast Asia before the end of the year, and developing a subscription-based service to its frequent users.<\/p>\n<p><strong>Reminder:<\/strong> The startup announced it will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bfbf590f-581d-4b49-96b3-3ac733bb7fe3\">go public<\/a> on the Nasdaq through a merger with blank-check firm Queen\u2019s Gambit Growth Capital back in July and is expected to list in December or January, according to Hapi Journal.<\/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\/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\/swvl\/\">Swvl<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/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=\"555261\" 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=\"555261\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cbe-issues-framework-for-instant-digital-payments\/\">\r\n                            CBE issues framework for instant digital payments                        <\/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\/11\/08\/cbe-issues-framework-for-instant-digital-payments\/\" 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\/11\/08\/cbe-issues-framework-for-instant-digital-payments\/')\">\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\/11\/08\/cbe-issues-framework-for-instant-digital-payments\/\">\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=CBE issues framework for instant digital payments&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cbe-issues-framework-for-instant-digital-payments\/\">\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\/11\/08\/cbe-issues-framework-for-instant-digital-payments\/&title=CBE issues framework for instant digital payments\">\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=CBE+issues+framework+for+instant+digital+payments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fcbe-issues-framework-for-instant-digital-payments%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\/11\/08\/cbe-issues-framework-for-instant-digital-payments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/364.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555262\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cbe-issues-framework-for-instant-digital-payments\/364-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/364.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"364.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/364.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/364.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555261\" class=\"content-area-description single-story post-555261 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-banking tag-banque-misr tag-e-finance tag-enterpriseam tag-fintech tag-regulation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>The Central Bank of Egypt has released the <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/11\/Circular-dated-4-November-2021-regarding-Instant-payment-network-services-regulations.pdf\">regulations<\/a><\/strong><strong><a href=\"https:\/\/ent.news\/2021\/11\/Circular-dated-4-November-2021-regarding-Instant-payment-network-services-regulations.pdf\">(pdf<\/a><\/strong><strong><a href=\"https:\/\/ent.news\/2021\/11\/Circular-dated-4-November-2021-regarding-Instant-payment-network-services-regulations.pdf\">)<\/a><\/strong> <strong>for its instant <\/strong><strong>payment network<\/strong> (IPN), part of its strategy to improve access to financial services and bring more people into the formal economy. The regulations lay out the rules and responsibilities for issuing banks, payment service providers and acquiring banks, including licensing, risk management, data protection, and security.<\/p>\n<p><strong>What\u2019s an IPN? <\/strong>It\u2019s the network that links different banks and financial services providers, allowing payments sent between accounts at different banks to be credited and debited instantly.<\/p>\n<p><strong>The regulations include new transfer limits:<\/strong> Account holders will only be permitted to transfer EGP 60k per day and EGP 200k per month via the IPN, while the maximum for a single transfer is EGP 50k.<\/p>\n<p><strong>Banks must get a license from the central bank before they can access the network:<\/strong> After getting approval, they are required to finish testing their IPN portals within six months and activate their transfer services for the IPN using internet banking and mobile banking services within a year.<\/p>\n<p><strong>This is the latest step taken by the central bank to increase financial inclusion and reduce the usage of cash in the economy.<\/strong> Last year\u2019s <a href=\"https:\/\/bit.ly\/30AZiyK\">Banking Act<\/a> has handed the CBE <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0baf2463-11f7-4409-813c-6937bde46dfa\">more regulatory oversight<\/a> of the sector, including over e-payments and fintech. Since then, the central bank has introduced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f5737d6-e563-40cd-8d35-ee7d5c03f150\">new interoperability rules<\/a> to simplify transfers between different banks and mobile wallet providers, opened up <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0254dc7-6a94-44d1-bea5-2b2d784e4dce\">savings and loan services<\/a> to mobile wallet users, and is moving towards <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08a18893-7b7e-4681-8215-21e86b3aeb99\">issuing licenses for mobile contactless payments<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation-watch\/\">regulation watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555263\" 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=\"555263\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/methanex-egypt-settles-debt-for-damietta-plant\/\">\r\n                            Methanex Egypt settles debt for Damietta plant                        <\/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\/11\/08\/methanex-egypt-settles-debt-for-damietta-plant\/\" 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\/11\/08\/methanex-egypt-settles-debt-for-damietta-plant\/')\">\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\/11\/08\/methanex-egypt-settles-debt-for-damietta-plant\/\">\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=Methanex Egypt settles debt for Damietta plant&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/methanex-egypt-settles-debt-for-damietta-plant\/\">\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\/11\/08\/methanex-egypt-settles-debt-for-damietta-plant\/&title=Methanex Egypt settles debt for Damietta plant\">\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=Methanex+Egypt+settles+debt+for+Damietta+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fmethanex-egypt-settles-debt-for-damietta-plant%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\/11\/08\/methanex-egypt-settles-debt-for-damietta-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555263\" class=\"content-area-description single-story post-555263 post type-post status-publish format-standard hentry category-debt-watch tag-debt-watch tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-09\" class=\"content-anchor\"><\/a> <strong>Methanex Egypt fully settles USD 530 mn debt ahead of schedule:<\/strong> Canadian-Egyptian methanol producer <a href=\"https:\/\/www.methanex.com\/location\/middle-east\/egypt\">Methanex<\/a> has fully repaid a USD 530 mn facility before it was due, according to <a href=\"https:\/\/ent.news\/2021\/11\/Methanex-NewsRelease_Debt-Prepayment_Final_EN.docx.pdf\">a company statement (pdf)<\/a>. The company used the facility to partially finance its USD 1 bn investment in its Damietta methanol plant, which is Egypt\u2019s sole methanol production facility. The financing for Methanex Egypt was arranged 15 years ago by a consortium of 15 international and two local institutions led by MUFG Bank. Participants included our friends at CIB, APICORP, NBE and Export Development Canada was well as HSBC, NATIXIS, Arab Banking Corporation, among others.<\/p>\n<p><strong>Foreign investors, watch this space: <\/strong>\u201cEMethanex represents an outstanding model for project financing and joint venture success that the Egyptian oil and gas and petrochemicals sector and [that] the Egyptian business community could benefit from replicating,\u201d said Methanex Egypt Managing Director Mohamed Shindy, noting that the company has \u201cfully met all loan commitments\u201d despite \u201cthe economic challenges following the start-up of our plant \u2026 in 2011.\u201d<\/p>\n<p><strong>What does Methanex do? <\/strong>The plant in Damietta has a production capacity of up to 1.3 mn tonnes of methanol per year and serves both domestic and export markets. Methanex Egypt is owned 50% by Vancouver headquartered, publicly traded Methanex. State-owned institutions hold 33% of EMethanex, while APICORP owns 17%.<\/p>\n<p><strong>What can you do with methanol, anyway?<\/strong> Make lots of other things, ranging from adhesives, foams, plywood subfloors and solvents to windshield washer fluid. It\u2019s found in high-performance plastics (such as your favourite tech toys), paints, car parts, building materials \u2014 a rather long list.<\/p>\n<p><strong>Advisors:<\/strong> Zulficar & Partners were Egyptian counsel to Emethanex, while Slaughter and May did international duties. Lenders were represented locally by Baker McKenzie, while Freshfields Bruckhaus Deringer was international counsel.<\/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\/debt-watch\/\">debt watch<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555264\" 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=\"555264\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/benya-eyes-african-tech-startups-with-new-usd-50-mn-vc-fund\/\">\r\n                            Benya eyes African tech startups with new USD 50 mn VC fund                        <\/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\/11\/08\/benya-eyes-african-tech-startups-with-new-usd-50-mn-vc-fund\/\" 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\/11\/08\/benya-eyes-african-tech-startups-with-new-usd-50-mn-vc-fund\/')\">\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\/11\/08\/benya-eyes-african-tech-startups-with-new-usd-50-mn-vc-fund\/\">\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=Benya eyes African tech startups with new USD 50 mn VC fund&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/benya-eyes-african-tech-startups-with-new-usd-50-mn-vc-fund\/\">\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\/11\/08\/benya-eyes-african-tech-startups-with-new-usd-50-mn-vc-fund\/&title=Benya eyes African tech startups with new USD 50 mn VC fund\">\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=Benya+eyes+African+tech+startups+with+new+USD+50+mn+VC+fund+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fbenya-eyes-african-tech-startups-with-new-usd-50-mn-vc-fund%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\/11\/08\/benya-eyes-african-tech-startups-with-new-usd-50-mn-vc-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555264\" class=\"content-area-description single-story post-555264 post type-post status-publish format-standard hentry category-startup-watch tag-benya-capital tag-benya-ventures tag-enterpriseam tag-investment-watch 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><strong>IT infrastructure contracto<\/strong>r <strong>Benya Capital is launching a USD 50 mn venture capital fund, dubbed Benya Ventures<\/strong>, as part of its expansion strategy, Chairman and CEO Ahmed Mekky said on the sidelines of the Cairo ICT conference yesterday, according to <a href=\"https:\/\/alborsaanews.com\/2021\/11\/07\/1478934\">Al Borsa<\/a>. The VC, which will launch with an initial capital of USD 50 mn, will focus primarily on tech, IoT and AI startups in Africa.<\/p>\n<p><strong>Banque Misr loan to finance new factory:<\/strong> Benya signed a financing agreement worth EGP 481 mn with Banque Misr, which will be used to finance its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3fcc0b44-a2d8-44f6-9dde-0e3c9ff9ec03\">fiber-optic cable factory in the Suez Canal Economic Zone<\/a>, according to <a href=\"https:\/\/bit.ly\/304ZA4o\">Hapi Journal<\/a>. The company expects to open the EGP 1 bn factory in June 2022.<\/p>\n<p><strong>Also in the works for Benya: <\/strong>Benya Capital is launching a cloud computing arm, and planning to expand into the Saudi market next year, Mekky said. The company has also been eyeing a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/554031bd-946a-4bc9-b8d6-d5ec9c852fab\">dual listing<\/a> on the EGX and another foreign bourse.<\/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\/benya-capital\/\">Benya Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/benya-ventures\/\">Benya Ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"555265\" 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=\"555265\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/555265\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555265\" class=\"content-area-description single-story post-555265 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.sodic.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/Tactical-Male-1600WX800H-for-web.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555266\" 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=\"555266\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/last-nights-talk-shows-real-estate-prices-on-the-rise-cpa-doesnt-like-car-salesmen\/\">\r\n                            Last Night\u2019s Talk Shows: Real estate prices on the rise + CPA doesn\u2019t like car salesmen                        <\/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\/11\/08\/last-nights-talk-shows-real-estate-prices-on-the-rise-cpa-doesnt-like-car-salesmen\/\" 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\/11\/08\/last-nights-talk-shows-real-estate-prices-on-the-rise-cpa-doesnt-like-car-salesmen\/')\">\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\/11\/08\/last-nights-talk-shows-real-estate-prices-on-the-rise-cpa-doesnt-like-car-salesmen\/\">\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: Real estate prices on the rise + CPA doesn\u2019t like car salesmen&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/last-nights-talk-shows-real-estate-prices-on-the-rise-cpa-doesnt-like-car-salesmen\/\">\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\/11\/08\/last-nights-talk-shows-real-estate-prices-on-the-rise-cpa-doesnt-like-car-salesmen\/&title=Last Night\u2019s Talk Shows: Real estate prices on the rise + CPA doesn\u2019t like car salesmen\">\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+Real+estate+prices+on+the+rise+%2B+CPA+doesn%E2%80%99t+like+car+salesmen+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Flast-nights-talk-shows-real-estate-prices-on-the-rise-cpa-doesnt-like-car-salesmen%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\/11\/08\/last-nights-talk-shows-real-estate-prices-on-the-rise-cpa-doesnt-like-car-salesmen\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555266\" class=\"content-area-description single-story post-555266 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-cement tag-commodities tag-consumer-protection-agency tag-enterpriseam tag-federation-of-egyptian-industries tag-last-nights-talk-shows tag-real-estate tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Is new-build real estate about to get even more expensive?<\/strong> Property developers could hike house prices by 10-15% due to the rising cost of raw materials, Tarek Shoukry, head of the Real Estate Development Chamber at the Federation of Egyptian Industries (FEI), told El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=LSIZaDusvPQ\">watch, runtime: 12:58<\/a>). The real estate sector is directly exposed to rising raw materials prices such as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f82ed4ef-a46a-49b3-adc5-793ff47ec668\">cement<\/a> and iron, which saw an 80% price hike since the beginning of the year, he said.<\/p>\n<p><strong>No one is safe:<\/strong> Developers will raise prices even on properties which have already been sold to customers (but not delivered), Shoukry said. Some who are still waiting for their units to be delivered will face higher installments in the coming months as companies pass on the costs to the consumers.<\/p>\n<p><strong>The Consumer Protection Authority fights the \u201coverpricing\u201d of cars: <\/strong>The Consumer Protection Authority has issued a decision requiring car dealers to be more transparent in how they price their vehicles in an effort to stop consumers from being overcharged. From 15 November, dealers will be required to clearly display the cost on the car with a sticker, which the authority hopes will make it harder for them to inflate prices, CPA head Ayman Hossam El Din told Kelma Akhira (<a href=\"https:\/\/www.facebook.com\/KelmaAkhira\/videos\/251821276988931\/\">watch, runtime: 6:03<\/a>).<\/p>\n<p><strong>The opening day of <\/strong><strong><a href=\"https:\/\/trans-mea.com\/\">TransMea 2021<\/a><\/strong><strong> also got its fair share of airtime: <\/strong>Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=Rtj0lUem77M\">watch, runtime: 3:10<\/a>), Ala Mas\u2019ouleety (<a href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/videos\/937820320154384\/\">watch, runtime: 3:09<\/a>) and Kelma Akhira (<a href=\"https:\/\/www.facebook.com\/KelmaAkhira\/videos\/626418798542684\/\">watch, runtime: 3:02<\/a>) all covered the inauguration of the transport conference yesterday.<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cement\/\">cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/consumer-protection-agency\/\">Consumer Protection Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/federation-of-egyptian-industries\/\">Federation of Egyptian Industries<\/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\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/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=\"555267\" 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 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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-1rso78o\" data-v=\"4\" data-block-id=\"1rso78o\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-1rso78o-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-1rso78o-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-r4559oy\" data-v=\"4\" data-block-id=\"r4559oy\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-r4559oy-container stk--no-background stk--no-padding\"><div 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stk-block-column__content stk-container stk-dtkl2ae-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-dtkl2ae-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-yvhmrxc\" data-v=\"4\" data-block-id=\"yvhmrxc\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-yvhmrxc-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-yvhmrxc-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=\"555268\" 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=\"555268\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/digital-gameya-the-emergency-law-and-art-degypte-are-getting-attention-in-the-foreign-press\/\">\r\n                            Digital gameya, the emergency law and Art D'Egypte are getting attention in the foreign press                        <\/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 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     <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/digital-gameya-the-emergency-law-and-art-degypte-are-getting-attention-in-the-foreign-press\/&title=Digital gameya, the emergency law and Art D'Egypte are getting attention in the foreign press\">\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=Digital+gameya%2C+the+emergency+law+and+Art+D%27Egypte+are+getting+attention+in+the+foreign+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fdigital-gameya-the-emergency-law-and-art-degypte-are-getting-attention-in-the-foreign-press%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" 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press:<\/strong> <a href=\"https:\/\/www.france24.com\/en\/live-news\/20211107-out-of-the-shadow-egypt-money-pooling-apps-thrive\">AFP<\/a> is out with a piece on the rise of money-pooling fintech startups and digital gameya in Egypt, while <a href=\"https:\/\/edition.cnn.com\/style\/article\/jr-great-pyramid-optical-illusion\/index.html\">CNN<\/a> looks at the ongoing Art D'Egypte exhibition at the pyramids. <a href=\"https:\/\/www.hrw.org\/news\/2021\/11\/05\/egypt-emergency-provisions-made-permanent\">Human Rights Watch<\/a>, meanwhile, writes that the legislative amendments passed by the House last week contain many powers similar to those of the emergency law, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/37f9968d-62f1-4803-9c5b-5cd1b4df7a59\">was lifted last month for the first since 2017<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emergency-act\/\">Emergency Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/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=\"555269\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555270\" 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=\"555270\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/raya-contact-center-eyes-us-acquisition\/\">\r\n                            Raya Contact Center eyes US acquisition                        <\/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 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-->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Raya+Contact+Center+eyes+US+acquisition+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fraya-contact-center-eyes-us-acquisition%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\/11\/08\/raya-contact-center-eyes-us-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555270\" class=\"content-area-description single-story post-555270 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-egyptian-general-company-for-tourism-and-hotels tag-enterpriseam tag-raya-contact-center tag-trade-and-industry-ministry tag-water 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_408146\"\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\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Raya Contact Center <\/strong><strong><a href=\"https:\/\/egx.com.eg\/downloads\/Bulletins\/270545_1.pdf\">plans to acquire<\/a><\/strong><strong> a US company in the near future <\/strong>as part of its expansion strategy. The acquisition would mark its second venture in the United States, with plans <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/22b5767a-f41c-471e-ada6-86cf62c00768\">announced<\/a> earlier this year to establish a 100% owned subsidiary in the state of Delaware.<\/p><p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p><ul>\n<li><strong>Vodafone bringing 5G to the new capital? <\/strong>Vodafone Egypt is <a href=\"https:\/\/dailynewsegypt.com\/2021\/11\/06\/vodafone-negotiates-with-ntra-over-trial-operation-of-5g-services-in-new-capital-ceo\/\">in negotiations<\/a> with the National Telecom Regulatory Authority to start trialing 5G services in the new administrative capital.<\/li>\n<li><strong>Training programs in game development, virtual production and extended <\/strong><strong>reality and simulation <\/strong>will be offered to programmers as part of a new <a href=\"https:\/\/www.facebook.com\/ITI.eg\/posts\/4682222261829119\">academic partnership<\/a> signed last week between Communications Ministry\u2019s Information Technology Institute (<a href=\"https:\/\/www.iti.gov.eg\/iti\/home\">ITI<\/a>) and Epic Games\u2019 <a href=\"https:\/\/www.unrealengine.com\/en-US\/\">Unreal Engine<\/a>. The programs will train programmers to develop electronic games and digital interactive art.<\/li>\n<li><strong>Egypt could begin manufacturing water-saving taps<\/strong>, with the Trade and Industry Ministry <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/266925162144578\">looking into their feasibility<\/a> and beginning talks with sanitaryware vendors.<\/li>\n<li><strong>EGOTH to restore Nefertari Hotel:<\/strong> The Egyptian General Company for Tourism and Hotels (EGOTH) and Misr Aswan Tourist <a href=\"https:\/\/bit.ly\/3c5hQ0d\">signed an usufruct agreement<\/a> to restore and manage the Nefertari Hotel Abu Simbel.<\/li>\n<\/ul><p><strong>Basalt blocks that once formed part of the western and northern facades of the <\/strong><strong>temple of King Nectanebo I have been unearthed <\/strong>by archaeologists in the Greater Cairo district of El Matareya, according to a Tourism and Antiquities Ministry <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/265611595609268\">statement<\/a>. The temple wall fragments are among several new discoveries by the Egyptian-German archaeological mission working in the area, which was once the site of the Great Temple in the ancient city of Heliopolis.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/egyptian-general-company-for-tourism-and-hotels\/\">Egyptian General Company for Tourism and Hotels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/raya-contact-center\/\">Raya Contact Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade-and-industry-ministry\/\">Trade and Industry Ministry<\/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=\"555271\" 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=\"555271\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-november-2021\/\">\r\n                            Everything you need to know about covid at home and abroad on 8 November 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\/11\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-november-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\/11\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-november-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\/11\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-november-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=Everything you need to know about covid at home and abroad on 8 November 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-november-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\/11\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-november-2021\/&title=Everything you need to know about covid at home and abroad on 8 November 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=Everything+you+need+to+know+about+covid+at+home+and+abroad+on+8+November+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Feverything-you-need-to-know-about-covid-at-home-and-abroad-on-8-november-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\/11\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-november-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555271\" class=\"content-area-description single-story post-555271 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam 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\/200612578916631\">reported<\/a><\/strong><strong> 903 new<\/strong><strong> covid-19 infections yesterday<\/strong>, down from 909 the day before. Egypt has now disclosed a total of 337,485 confirmed cases of covid-19. The ministry also reported 65 new deaths, bringing the country\u2019s total death toll to 19,076.<\/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\/covid-19\/\">covid-19<\/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=\"555272\" 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=\"555272\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/has-the-global-coal-market-topped-out\/\">\r\n                            Has the global coal market topped out?                        <\/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\/11\/08\/has-the-global-coal-market-topped-out\/\" 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\/11\/08\/has-the-global-coal-market-topped-out\/')\">\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\/11\/08\/has-the-global-coal-market-topped-out\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Has the global coal market topped out?&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/has-the-global-coal-market-topped-out\/\">\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\/11\/08\/has-the-global-coal-market-topped-out\/&title=Has the global coal market topped out?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Has+the+global+coal+market+topped+out%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fhas-the-global-coal-market-topped-out%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\/11\/08\/has-the-global-coal-market-topped-out\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555272\" class=\"content-area-description single-story post-555272 post type-post status-publish format-standard hentry category-planet-finance tag-allbird tag-enterpriseam tag-financial-markets tag-ipo-watch tag-planet-finance tag-saudi-arabia tag-saudi-tadawul-group-holding tag-spo tag-sustainability 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-10\"><\/a> <strong>Egyptian cement companies could get some respite from sky-high coal prices<\/strong> amid signs that the energy supply crises in China and India are abating. Global coal prices have soared to record highs this year as two of the world\u2019s biggest economies faced serious fuel shortages, but the crises are beginning to ease after the countries forced coal miners to ramp up supply, potentially putting a ceiling above the spiralling prices. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-06\/an-energy-crisis-in-china-india-that-revived-coal-is-easing?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> has more.<\/p><p><strong>Saudi Arabia\u2019s stock exchange is going public<\/strong>, offering a 30% stake in an IPO that will see Saudi Tadawul Group Holding offer 36 mn shares in a bid to expand its access to investors, Khalid Al Hussan, the stock exchange\u2019s CEO, told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-07\/saudi-stock-exchange-set-for-december-trading-debut-ceo-says?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>. The subscription period is due to kick off on 21 November, and insiders told Bloomberg that the offering could value the exchange at USD 3-4 bn. The offering is potentially the biggest for a bourse since pan-european stock exchange Euronext NV\u2019s 2014 listing. SNB Capital, JPMorgan Chase and Citigroup will act as global coordinators and underwriters.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11555.58<\/p>\n<\/td>\n<td>\n<p>-0.5% (YTD: +6.6%)<\/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>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>11,842<\/p>\n<\/td>\n<td>\n<p>+0.8% (YTD: +36.3%)<\/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>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>8,094<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +60.4%)<\/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>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>3,098<\/p>\n<\/td>\n<td>\n<p>-0.3% (YTD: +24.3%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,698<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +25%)<\/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>7,304<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +13%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 82.74<\/p>\n<\/td>\n<td>\n<p>+2.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 5.52<\/p>\n<\/td>\n<td>\n<p>-3.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,818<\/p>\n<\/td>\n<td>\n<p>+1.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 62,853<\/p>\n<\/td>\n<td>\n<p>+2.3% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 fell 0.5% yesterday<\/strong> on turnover of EGP 382.6 mn (74.9% below the 90-day average). Local investors were net sellers. The index is up 6.55% YTD.<\/p><p><strong>In the green: <\/strong>Rameda (+5.5%), Ibnsina Pharma (+3.5%) and Ezz Steel (+3.5%).<\/p><p><strong>In the red: <\/strong>GB Auto (-4.6%), Fawry (-3.6%) and Orascom Development Egypt (-2%).<\/p><p><strong>Asian markets are largely flat this morning<\/strong>, while futures suggest that shares in Europe will likely follow suit later this morning. The Dow, S&amp;P and Nasdaq look set to open slightly in the green, futures suggest at dispatch time.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/allbird\/\">Allbird<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/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\/saudi-tadawul-group-holding\/\">Saudi Tadawul Group Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spo\/\">SPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/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=\"555273\" 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=\"555273\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/el-molla-meets-us-energy-secretary-in-glasgow-is-more-iftc-finance-in-the-pipeline\/\">\r\n                            El Molla meets US energy secretary in Glasgow + is more IFTC finance in the pipeline?                        <\/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\/11\/08\/el-molla-meets-us-energy-secretary-in-glasgow-is-more-iftc-finance-in-the-pipeline\/\" 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\/11\/08\/el-molla-meets-us-energy-secretary-in-glasgow-is-more-iftc-finance-in-the-pipeline\/')\">\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\/11\/08\/el-molla-meets-us-energy-secretary-in-glasgow-is-more-iftc-finance-in-the-pipeline\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Molla meets US energy secretary in Glasgow + is more IFTC finance in the pipeline?&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/el-molla-meets-us-energy-secretary-in-glasgow-is-more-iftc-finance-in-the-pipeline\/\">\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\/11\/08\/el-molla-meets-us-energy-secretary-in-glasgow-is-more-iftc-finance-in-the-pipeline\/&title=El Molla meets US energy secretary in Glasgow + is more IFTC finance in the pipeline?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Molla+meets+US+energy+secretary+in+Glasgow+%2B+is+more+IFTC+finance+in+the+pipeline%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fel-molla-meets-us-energy-secretary-in-glasgow-is-more-iftc-finance-in-the-pipeline%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\/11\/08\/el-molla-meets-us-energy-secretary-in-glasgow-is-more-iftc-finance-in-the-pipeline\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555273\" class=\"content-area-description single-story post-555273 post type-post status-publish format-standard hentry category-diplomacy tag-diplomacy tag-egyptian-general-petroleum-corporation tag-enterpriseam tag-general-authority-for-supply-commodities tag-international-islamic-trade-finance-corporation tag-rania-al-mashat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Oil Minister Tarek El Molla met with US Secretary of Energy Jennifer Granholm at <\/strong><strong>the COP26 summit in Glasgow<\/strong>, where they discussed energy cooperation, according to <a href=\"https:\/\/bit.ly\/3BTyAC3\">a ministry statement<\/a>. El Molla had previously announced Egypt's participation in the Net<a href=\"https:\/\/www.energy.gov\/articles\/us-launches-net-zero-world-initiative-accelerate-global-energy-system-decarbonization\">Zero World Initiative<\/a>, launched by the US last week to accelerate the transition to net-zero energy resources. Other topics of discussion included Egypt's promotion of natural gas as fuel, plans to expand the use of hydrogen as an alternative source of power, and the measures taken <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a808ab85-a831-4d56-9377-c799e5e29d18\">to export Egyptian gas to Lebanon<\/a> via Jordan and Syria.<\/p>\n<p><strong>More ITFC finance in the pipeline? <\/strong>International Cooperation Minister Rania Al Mashat and head of the International Islamic Trade Finance Corporation (ITFC) Hani Sonbol talked future cooperation and financing projects with the aim of helping SMEs, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/266914818812279\">statement from the ministry<\/a>. The ITFC has given GASC and the Egyptian General Petroleum Corporation USD 2.3 bn in financing so far this year.<\/p>\n<p><strong>President Abdel Fattah El Sisi called Iraqi Prime Minister Moustafa Al Kadhimi <\/strong><strong>yesterday <\/strong>following <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/017a7c83-aa80-47eb-9f10-eff0184d4ff0\">the assassination attempt earlier that day<\/a>, said <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/439713177517416\">Ittihadi<\/a><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/439713177517416\">y<\/a><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/439713177517416\">a.<\/a> The Iraqi PM was targeted with a drone loaded with explosives which flew towards his house in Baghdad\u2019s Green Zone yesterday.<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-general-petroleum-corporation\/\">Egyptian General Petroleum Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/general-authority-for-supply-commodities\/\">General Authority for Supply Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-islamic-trade-finance-corporation\/\">International Islamic Trade Finance Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rania-al-mashat\/\">Rania Al Mashat<\/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=\"555274\" 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=\"555274\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cracks-appear-in-libyas-interim-government-ahead-of-crucial-paris-talks\/\">\r\n                            Cracks appear in Libya\u2019s interim government ahead of crucial Paris talks                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cracks-appear-in-libyas-interim-government-ahead-of-crucial-paris-talks\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cracks-appear-in-libyas-interim-government-ahead-of-crucial-paris-talks\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cracks-appear-in-libyas-interim-government-ahead-of-crucial-paris-talks\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Cracks appear in Libya\u2019s interim government ahead of crucial Paris talks&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cracks-appear-in-libyas-interim-government-ahead-of-crucial-paris-talks\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cracks-appear-in-libyas-interim-government-ahead-of-crucial-paris-talks\/&title=Cracks appear in Libya\u2019s interim government ahead of crucial Paris talks\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Cracks+appear+in+Libya%E2%80%99s+interim+government+ahead+of+crucial+Paris+talks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F08%2Fcracks-appear-in-libyas-interim-government-ahead-of-crucial-paris-talks%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/cracks-appear-in-libyas-interim-government-ahead-of-crucial-paris-talks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555274\" class=\"content-area-description single-story post-555274 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-china tag-enterpriseam tag-iran tag-libya tag-politics tag-russia tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Cracks appear in Libya\u2019s interim government over dismissal of foreign minister:<\/strong> The suspension of Libyan Foreign Minister Najla El Mangoush by the country\u2019s president is threatening to evolve into a power struggle between the two most senior Libyan political figures, days before a key conference in Paris designed to pave the way for national elections at the end of December. Interim president Mohamed Al Menfi\u2019s decision to suspend the minister, apparently for making unilateral foreign policy decisions, has been publicly rejected by Prime Minister Abdul Hamid Dbeibeh, leaving El Mangoush\u2019s position unclear ahead of the international conference on Friday. This came on the same day as the country\u2019s electoral authority announced the conditions for the candidacy for standing in next month\u2019s presidential elections. <a href=\"https:\/\/www.bbc.co.uk\/news\/world-africa-59196814\">The BBC<\/a> and <a href=\"https:\/\/bit.ly\/3CWFTdd\">Al Arabiya<\/a> have more.<\/p>\n<p><strong>Military v teachers in Sudan: <\/strong>Sudanese security forces arrested more than 100 anti-coup protesters \u2014 most of whom were teachers \u2014 in Khartoum yesterday, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-07\/sudan-forces-disperse-anti-coup-protesters-arrest-dozens?srnd=premium-middle-east&sref=mmeFTDW1\">the Associated Press<\/a>. Yesterday marked the beginning of a two-day strike with the aim of having a full civilian government lead the transition, following calls made by the Sudanese Professionals Association, which was active during the 2019 protests that led to the ouster of Omar al-Bashir.<\/p>\n<p><strong>Iran ready to reenter the 2015 nuclear accord: <\/strong>Russia and Iran\u2019s foreign ministers have expressed their support towards restoring the beleaguered 2015 nuclear accord, with Iran pledging to comply with its terms as long as the US doesn\u2019t try to add new demands. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-06\/russian-iranian-foreign-ministers-call-to-restore-nuclear-deal?sref=mmeFTDW1\">Bloomberg<\/a>)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"555275\">\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\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday 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\/blackboard\/\">\r\n                            Read Blackboard                        <\/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\">15<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/scholarships-arent-popular-at-egypts-k-12-private-schools-heres-why\/\">\r\n                            Scholarships aren\u2019t popular at Egypt\u2019s K-12 private schools. Here\u2019s why.<\/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\/blackboards\/scholarships-arent-popular-at-egypts-k-12-private-schools-heres-why\/\" 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\/blackboards\/scholarships-arent-popular-at-egypts-k-12-private-schools-heres-why\/')\">\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\/blackboards\/scholarships-arent-popular-at-egypts-k-12-private-schools-heres-why\/\">\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=Scholarships aren\u2019t popular at Egypt\u2019s K-12 private schools. Here\u2019s why.&url=https:\/\/enterpriseam.com\/egypt\/blackboards\/scholarships-arent-popular-at-egypts-k-12-private-schools-heres-why\/\">\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\/blackboards\/scholarships-arent-popular-at-egypts-k-12-private-schools-heres-why\/&title=Scholarships aren\u2019t popular at Egypt\u2019s K-12 private schools. 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Instead, most adopt a <\/strong><strong>charitable<\/strong> <strong>model to offer aid if necessary. <\/strong>The availability of scholarships \u2014 particularly for academic excellence \u2014 in K-12 private schools in Egypt is strikingly low, especially compared to the UK and US. A few private schools offer academic or non-academic scholarships, but from what we\u2019ve found, they\u2019re rare. Instead, any kind of financial aid is almost always awarded to existing students \u2014 often to mitigate financial hardship.<\/p>\n<p><strong>Isn\u2019t it a global norm to offer very few K-12 level scholarships? Not really.<\/strong> Over GBP 1 bn a year in financial support is available to UK parents whose children attend private secondary schools, the Financial Times <a href=\"https:\/\/www.ft.com\/content\/81258ed6-cf11-11e9-b018-ca4456540ea6\">reported in 2019<\/a>. This means one in three private school students could have their school fees reduced or even waived, it noted. \u201cThe situation in the US is similar to the UK, where there\u2019s more of a parallel between scholarships offered at the K-12 and university levels,\u201d AIS Director Kapono Ciotti tells Enterprise. \u201cHere it\u2019s clear that university scholarships are available, but there aren\u2019t really any for K-12 students,\u201d he adds.<\/p>\n<p><strong>In Egypt, scholarships for students to attend K-12 private schools are rare: <\/strong>Regent British School Principal Claire Rowland tells Enterprise she isn\u2019t aware of any K-12 private schools in Egypt having dedicated scholarship programs. AIS doesn\u2019t have a formal scholarship program, Ciotti notes.<\/p>\n<p><strong>\u201cIt\u2019s very unusual here at the K-12 level,\u201d<\/strong> agrees Egypt Education Platform (EEP) \u2014 formerly GEMS Egypt \u2014 Director of Communications Amr Sherif, who\u2019s spent some 14 years helping develop university scholarship programs in and out of Egypt.<\/p>\n<p><strong>EEP is actively trying to buck the trend in Egypt: <\/strong>EEP sees its K-12 scholarship program \u2014 designed in part as an adaptation of university scholarship programs \u2014 as unique, says Sherif. It has a newly-launched raft of scholarships, introduced a year ago. \u201cWe hope the wider industry follows us, because we\u2019re trying to disrupt the system \u2014 in a healthy way.\u201d<\/p>\n<p><strong>Its scholarships include several promoting K-12 academic excellence: <\/strong>Every year, EEP will select six academically outstanding students from years 6-9 in its national curriculum schools to transfer to its international curriculum schools, while continuing to pay national school rates, says Sherif. Financially, this involves \u201cextremely significant\u201d subsidies from EEP, he notes. \u201cAverage annual tuition at our British schools is EGP 135k, while in the national curriculum schools it\u2019s EGP 25k.\u201d And every year, two students in years 11 and 12 from every EEP international school will receive a scholarship covering 50% of their fees, and three students will receive one covering 25%, he says.<\/p>\n<p><strong>We\u2019ve found only one other private school clearly doing something similar: <\/strong>Green Land International School offers scholarships recognizing \u201cexceptional academic achievements,\u201d <a href=\"http:\/\/gpis-egypt.org\/scholarship\/\">its website shows<\/a>. These range from 25-100% of school tuition fees. It\u2019s unclear how many scholarships are available every year, as the school didn\u2019t respond to our request for comment.<\/p>\n<p><strong>Meanwhile, both EEP and El Alsson offer non-academic scholarships: <\/strong>Every year, two students in years 11 and 12 from each of EEP\u2019s international schools receive scholarships covering 15% of their fees, for excellence in areas including music, art and sports, says Sherif. El Alsson usually offers two \u2018Director\u2019s Scholarships\u2019 a year to students of any age deemed to be excellent all-rounders, Executive Director Karim Rogers tells Enterprise. \u201cWe don\u2019t necessarily target students with the most outstanding grades. We look for students with good grades, who also give back to the school community.\u201d<\/p>\n<p><strong>Schools, however, <\/strong><strong>sometimes<\/strong><sup><\/sup><strong> offer financial aid if the families of existing students fall on hard times: <\/strong>Needs-based financial aid programs appear to be very widespread in Egypt. \u201cOur board does support families that need support, but it's on an informal case-by-case basis,\u201d says Ciotti. Gateway International Montessori and Al Manhal Language School are among the multiple institutions offering this kind of financial aid, teachers tell Enterprise off the record.<\/p>\n<p><strong>It\u2019s a requirement by law for private schools to dedicate 5% of their annual tuition fees to go towards financial aid for students who meet the criteria for <\/strong><strong>lowered tuition<\/strong><sup><\/sup><strong>,<\/strong> says Islam Saeed, partner at Matouk Bassiouny. But the schools themselves can decide according to their internal policy what that criteria is \u2014 and which students are eligible for it, though they must supply the education ministry with a list of students receiving aid, he adds.<\/p>\n<p><strong>Regulators don\u2019t get a say in how much aid is offered: <\/strong>Aid provided at El Alsson is determined by school owners and board members, says Rogers. \u201cIf you want to deduct 10%, 20%, 50%, it\u2019s up to you. Regulators don\u2019t look at what you do,\u201d he says. In the case of the schools we spoke to, it\u2019s unclear how substantial the fee breaks<sup><\/sup> offered are and whether they\u2019re usually considered grants or loans. \u201cAnything we offer is done discreetly,\u201d Rogers adds. It\u2019s essentially a form of charity, he notes.<\/p>\n<p><strong>And covid has obviously upped the number of families that might need financial support,<\/strong> says Rogers. El Alsson always tries to support families who have a history of paying fees on time, but are struggling financially during covid. \u201cWe won\u2019t put more pressure on them. So there\u2019s been a board decision to keep some families off the books for the time being.\u201d Still, this can\u2019t continue indefinitely, he adds. \u201cThere has been a substantial increase during covid. And we as a school have to take care, as we can\u2019t really sustain it.\u201d The school has provided multiple flexible payment options to try to ease financial pressures on families, he adds.<\/p>\n<p><strong>So why do so many of Egypt\u2019s private schools generally eschew scholarships in favor of a charitable model?<\/strong> Though no one seems to know for sure, it\u2019s thought that in Egypt a combination of cost considerations are among the factors that keep scholarship rare<sup><\/sup>, sources tell Enterprise. We\u2019ll explore this in more detail next week.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>The tax man is coming for private and online tutors: <\/strong>Online tutors and private tutoring centers <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/3\/14\/438041\/Business\/Markets--Companies\/Egypt-to-impose-income-tax-on-online-teachers,-pri.aspx\">will have to register with the Tax Authority<\/a> and pay income tax.<\/li>\n<li><strong>Online payments for public school fees:<\/strong> Public school fees can now be paid online through a digital payments service launched by state-owned fintech firm e-Finance and payment management platform klickit in collaboration with the Education Ministry.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ais\/\">AIS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-manhal-language-school\/\">Al Manhal Language School<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amr-sherif\/\">Amr Sherif<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/claire-rowland\/\">Claire Rowland<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-education-platform\/\">Egypt Education Platform<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/el-alsson\/\">El Alsson<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gateway-international-montessori\/\">Gateway International Montessori<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gems\/\">GEMS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/islam-saeed\/\">Islam Saeed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kapono-ciotti\/\">Kapono Ciotti<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/karim-rogers\/\">Karim Rogers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/matouk-bassiouny-hennawy\/\">Matouk Bassiouny &amp; Hennawy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\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=\"555277\" 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\/11\/08\/your-essential-business-calendar-for-8-november-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555277\" class=\"content-area-description single-story post-555277 post type-post status-publish format-standard hentry category-calendar tag-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>November: The French-Egyptian Business Forum is set to take place in the Suez Canal Economic Zone.<\/p>\n<p>November: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/163314772505618\">host another round of talks<\/a> to reach a potential Egyptian-Eurasian trade agreement, which could significantly contribute to increasing the volume of Egyptian exports to the Russia-led bloc that includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.<\/p>\n<p>31 October - 12 November (Sunday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>7-10 November (Sunday-Wednesday): <a href=\"https:\/\/cairoict.com\/\">Cairo ICT 2021<\/a>, Egypt International Exhibition Center, New Cairo.<\/p>\n<p>7-10 November (Sunday-Wednesday): <a href=\"https:\/\/trans-mea.com\/\">TransMea 2021<\/a>, Egypt International Exhibition Center, New Cairo.<\/p>\n<p>8 November (Monday): <a href=\"https:\/\/www.egyptcsrforum.com\/\">Egypt CSR Forum<\/a>, International Citystars, Cairo.<\/p>\n<p>8-9 (Monday-Tuesday): US-Egypt Strategic Dialogue kicks off in Washington, DC.<\/p>\n<p>11 November (Thursday): <a href=\"https:\/\/finance.yahoo.com\/news\/vistas-media-acquisition-company-inc-203000610.html\">Deadline for Anghami SPAC merger<\/a>.<\/p>\n<p>15 November (Monday): Unvaccinated public sector workers won\u2019t be allowed into their workplaces.<\/p>\n<p>15-21 November (Monday-Sunday): <a href=\"https:\/\/www.intrafricantradefair.com\/en\">Intra-African Trade Fair 2021<\/a>, Durban, KwaZulu-Natal, South Africa.<\/p>\n<p>16-17 November (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/p>\n<p>18-19 November (Thursday-Friday): British royal family members Prince Charles and the Duchess of Cornwall visit Cairo.<\/p>\n<p>25 November (Thursday): Rameda Pharma\u2019s <a href=\"https:\/\/bit.ly\/3bCRthH\">annual general meeting (pdf)<\/a>, at which it will decide on the sale of a 5% stake in the company from an individual shareholder to an unnamed foreign institutional investor.<\/p>\n<p>25-27 November (Thursday-Saturday): <a href=\"https:\/\/www.facebook.com\/events\/857701738279267\/\">RiseUp Summit<\/a>, Cairo, Egypt.<\/p>\n<p>26 November-5 December (Friday-Sunday): <a href=\"https:\/\/www.facebook.com\/CairoFilms\/photos\/a.386668088207064\/1611462495727611\/\">The 43rd Cairo International Film Festival<\/a>.<\/p>\n<p>29 November-2 December (Monday-Thursday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">Egypt Defense Expo<\/a>, Egypt International Exhibition Centre.<\/p>\n<p>30 November (Tuesday): Launch of open call by GIZ and KfW for green project proposals in Egypt as part of their <a href=\"https:\/\/ent.news\/2021\/10\/2021-10-25_FINAL_EGY-announcement-en.pdf\">Investing for Employment facility (pdf).<\/a><\/p>\n<p>1 December (Wednesday): Unvaccinated members of the public will be banned from government buildings from this date; unvaccinated students will be prevented from accessing university campuses.<\/p>\n<p>1 December (Wednesday): Government departments will begin moving to offices in the new capital.<\/p>\n<p>7-8 December (Tuesday-Wednesday): <a href=\"https:\/\/northafricatradefinance.com\/\">North Africa Trade Finance Summit<\/a>.<\/p>\n<p>8-10 December (Wednesday-Thursday): <a href=\"https:\/\/www.gfhsegypt.com\/\">Global Forum for Higher Education and Scientific Research (GFHS)<\/a>, Cairo, Egypt.<\/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: United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/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>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/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>7 January 2022 (Friday): Coptic Christmas.<\/p>\n<p>27 January 2022 (Tuesday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>19 February 2022 (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>2 April 2022 (Saturday): First day of Ramadan (TBC).<\/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>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>8 July (Friday): Arafat Day.<\/p>\n<p>9-13 July (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>30 July (Saturday): Islamic New Year.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday.<\/p>\n<p>18-20 October 2022 (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":555251,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-555250","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"35dbc066-9d81-4fc3-94a7-cd9b897037eb","teaser":"","photo_url":"https:\/\/ent.news\/2021\/11\/358.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>Egypt + US open key diplomatic talks in Washington today - 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\/egypt-us-open-key-diplomatic-talks-in-washington-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt + US open key diplomatic talks in Washington today\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-us-open-key-diplomatic-talks-in-washington-today\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T00:50:14+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/358.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\/egypt-us-open-key-diplomatic-talks-in-washington-today\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-us-open-key-diplomatic-talks-in-washington-today\/\",\"name\":\"Egypt + US open key diplomatic talks in Washington today - 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