{"id":555784,"date":"2021-11-28T04:00:56","date_gmt":"2021-11-28T04:00:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=555784"},"modified":"2025-12-16T01:02:43","modified_gmt":"2025-12-16T01:02:43","slug":"introducing-whats-next-an-exclusive-platform-offering-the-visibility-advice-and-access-to-capital-and-ideas-that-you-need-to-grow-your-business","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/introducing-whats-next-an-exclusive-platform-offering-the-visibility-advice-and-access-to-capital-and-ideas-that-you-need-to-grow-your-business\/","title":{"rendered":"Introducing What\u2019s Next: An exclusive platform offering the visibility, advice and access to capital and ideas that you need to grow your business"},"content":{"rendered":"<section id=\"555786\" 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=\"555786\">\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\">EDITOR\u2019S NOTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/editors-note-introducing-whats-next\/\">\r\n                            Editor\u2019s Note: Introducing What\u2019s Next                        <\/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\/28\/editors-note-introducing-whats-next\/\" 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\/28\/editors-note-introducing-whats-next\/')\">\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\/28\/editors-note-introducing-whats-next\/\">\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=Editor\u2019s Note: Introducing What\u2019s Next&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/editors-note-introducing-whats-next\/\">\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\/28\/editors-note-introducing-whats-next\/&title=Editor\u2019s Note: Introducing What\u2019s Next\">\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=Editor%E2%80%99s+Note%3A+Introducing+What%E2%80%99s+Next+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Feditors-note-introducing-whats-next%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\/28\/editors-note-introducing-whats-next\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555786\" class=\"content-area-description single-story post-555786 post type-post status-publish format-standard hentry category-editors-note tag-editors-note tag-enterpriseam tag-entrepreneurship tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a><strong> Good morning, wonderful people, and welcome to a very special edition of <\/strong><strong>Enterprise.<\/strong> Since we started back in fall 2014, we\u2019ve believed that among other things, an Enterprise story needs to orient you in time and space. It needs to tell you not just what happened, but why it happened and \u2014 critically \u2014 what\u2019s next in the story. Cabinet gave the thumbs-up to a piece of legislation? Great \u2014 what\u2019s next? Company \u201cA\u201d is bidding to acquire Company \u201cB\u201d? Wonderful \u2014 what\u2019s next?<\/p>\n<p><strong>\u201cWhat\u2019s next?\u201d has for years been our internal shorthand for \u201cWhere does the story go<\/strong> <strong>from here?\u201d<\/strong> It\u2019s an idea that has expanded to include everything from Enterprise Explains (\u201cWhat\u2019s a securitized bond?\u201d through to \u201cWhat\u2019s an NFT?\u201d) to our coverage of how technology is changing our lives and the way we do business. And as longtime readers know, when we ask \u201cWhat\u2019s next?\u201d, it goes hand in hand with two key followups: What does it mean? And why is it important?<\/p>\n<p><strong>This morning, <\/strong><strong><a href=\"https:\/\/whatsnext.enterprise.press\/\">What\u2019s Next<\/a><\/strong><strong> becomes the first exclusive platform in frontier markets to<\/strong> <strong>identify the next generation of great businesses in Egypt, the UAE and Saudi Arabia. <\/strong><\/p>\n<p><strong>We\u2019re honoured to be launching <\/strong><strong><a href=\"https:\/\/whatsnext.enterprise.press\/\">What\u2019s Next<\/a><\/strong><strong> in partnership with our friends at <\/strong><strong><a href=\"https:\/\/efghermes.com\/\">EFG<\/a><\/strong> <strong><a href=\"https:\/\/efghermes.com\/\">Hermes<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/inktankir.com\/\">Inktank<\/a><\/strong><strong>.<\/strong> What\u2019s Next is our newest weekly vertical (appearing every Sunday morning). It\u2019s also a platform through which we\u2019re going to introduce readers, investors and the wider business community to the next generation of outstanding businesses. There\u2019s never been a more exciting time to do this: Our part of the world is being reshaped by a boom in entrepreneurism that\u2019s changing everything from how family businesses run themselves to how we build startups and bootstrapped companies alike.<\/p>\n<p><strong>What\u2019s Next will see us take 20 Egyptian companies to a very special face-to-face<\/strong> <strong>investor conference <\/strong>taking place in early 2022.<\/p>\n<p><strong>What\u2019s in it for What\u2019s Next companies? The visibility, advice and access to capital and <\/strong><strong>ideas that you need to grow your business. <\/strong>We\u2019re going to give founders and c-suite officers from 20 hand-selected companies visibility to our wider community, the strategy and materials they need to engage with global investors \u2014 and then face-to-face access to the financial and strategic investors who could help them take their businesses to the next level. Participating companies will get exposure and access to new ideas from Enterprise. Outreach, access to a global network of investors, world-class advisory services, and sector research from EFG Hermes. And investor decks, reporting and transaction support from Inktank \u2014 and more.<\/p>\n<p><strong>What\u2019s in it for investors? <\/strong>We\u2019re offering venture capital, private equity and public market investors a look at the companies whose people, ideas, technologies, products and markets will literally be What\u2019s Next. They\u2019re the businesses that are driving the tempo of M&A, who are entry points to Egypt and regional markets for multinational giants, and who have it in them to become the next generation of great publicly traded companies.<\/p>\n<p><strong>We\u2019ll also be talking about the ideas and technologies that are going to transform all of<\/strong> <strong>our businesses<\/strong>, from garden-variety tech to artificial intelligence and gender equity.<\/p>\n<p><strong>*** Is your business What\u2019s Next? <\/strong>Reach out to us on whatsnext@enterprise.press to learn more.<\/p>\n<p><strong>The launch of What\u2019s Next caps a big year for us here at Enterprise<\/strong>, from the introduction of our very popular PM edition in partnership with CIB and Act Financial to our weekly Going Green vertical produced in association with our friends at Infinity. And all of that was made possible by our <a href=\"https:\/\/enterprise.press\/issues\/2020\/11\/29\/welcome-enterprise-2-0\/\">big redesign<\/a> and investment in technology, which we unveiled a year ago tomorrow (look for lots more on that front in 2022\u2026).<\/p>\n<p><strong>None of this would have been possible were it not for the steadfast support of the 180k readers <\/strong>who start and end their workdays with us, month in and month out.<\/p>\n<p><strong>Thank you, all of you<\/strong>, from the bottom of our hearts.<\/p>\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block;\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/Whats-Next-Vertical-Banner-En-1600-1.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>In today\u2019s issue: <\/strong>Startups buying startups isn\u2019t just an \u201cAmerican\u201d thing \u2014 an increasing number of Egyptian companies are looking to grow through acquisition. Now that a handful of pioneers have proven the market, you can expect the inflow of VC and private equity funding and higher valuations (among other factors) to make it even more common.<\/p>\n<p><strong>The industries most likely to see startup-driven waves of consolidation in the coming years?<\/strong> Look at fintech, logistics and last-mile delivery, edtech and, later, healthcare. Top execs from Swvl, Klivvr, MaxAB, A15, AUC V-Lab and Tyro are your guides in this week\u2019s issue of What\u2019s Next, below.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/editors-note\/\">EDITOR\u2019S NOTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/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=\"555787\" 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=\"555787\">\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\">What We're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/this-morning-world-meet-omicron\/\">\r\n                            THIS MORNING: World, meet Omicron.                        <\/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\/28\/this-morning-world-meet-omicron\/\" 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\/28\/this-morning-world-meet-omicron\/')\">\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\/28\/this-morning-world-meet-omicron\/\">\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: World, meet Omicron.&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/this-morning-world-meet-omicron\/\">\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\/28\/this-morning-world-meet-omicron\/&title=THIS MORNING: World, meet Omicron.\">\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+World%2C+meet+Omicron.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Fthis-morning-world-meet-omicron%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\/28\/this-morning-world-meet-omicron\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555787\" class=\"content-area-description single-story post-555787 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-covid-19 tag-enterpriseam tag-financial-markets tag-saudi-arabia tag-south-africa tag-travel tag-what-were-tracking-today tag-world-health-organization 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><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><strong> Covid is back in global headlines in a big way<\/strong> after the emergence of a new variant in southern Africa caused what can only be called \u201crestrained panic\u201d across the world. Just a day after <a href=\"https:\/\/www.who.int\/news\/item\/26-11-2021-classification-of-omicron-(b.1.1.529)-sars-cov-2-variant-of-concern\">the World Health Organization designated<\/a> the so-called Omicron strain as a \u201cvariant of concern,\u201d travel bans are back in vogue as cases began popping up around Europe \u2014 and financial markets tanked.<\/p><p><strong>What we know about Omicron:<\/strong> According to the WHO, the variant has \u201ca large number of mutations, some of which are concerning\u201d and early evidence suggests that (a) it may be transmitted more easily, (b) that it could be able to dodge existing vaccines, and (c) that there could be a greater risk of reinfection for folks who have already had covid. Known as B.1.1.529, the variant was first found by scientists working in Botswana and Hong Kong before being discovered in South Africa amid a recent spike in cases in the country.<\/p><p><strong>And what we don\u2019t:<\/strong> The jury is still out on whether the current generation of covid vaccines will be as effective against the variant. Worryingly, <a href=\"https:\/\/www.imperial.ac.uk\/news\/232217\/qa-imperial-experts-discuss-variant-b11529\/\">scientists have said<\/a> that the variant has an \u201cunprecedented\u201d number of mutations to the spike protein \u2014 the part of the virus targeted by vaccines \u2014 but stressed that we do not yet have enough information to say whether it is more resistant to vaccines or more transmissible. The WHO has not yet commented on the efficacy of vaccines with Omicron.<\/p><p><strong>Cue the travel bans and restrictions:<\/strong> Much of the world \u2014 including, the US, Canada, the EU and much of our region \u2014 has moved to quarantine southern Africa and has suspended flights with six countries in the region. Israel has gone so far as to plan to <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-ban-entry-foreigners-all-countries-over-omicron-2021-11-27\/\">completely shut its borders<\/a> after detecting its first case yesterday. The UK has moved to reinstate mandatory mask-wearing after detecting several cases, while cases are now spreading in the EU, where several countries have already reimposed some lockdown restrictions amid huge case numbers.<\/p><p><strong>We hate to cosplay Captain Hindsight here, but this feels like it was all too predictable:<\/strong> An almost inevitable consequence of the absurdly unequal distribution of vaccines across the world where the richest countries have drip-fed doses to the global south and hoarded the bulk for themselves. Now, some of the poorest parts of the world are now being punished by the same countries that deliberately prevented them from adequately vaccinating their populations. But we digress\u2026<\/p><p><strong>MARKET<\/strong><strong> WATCH- Omicron is delivering a beating to stocks in Asia, Europe and the <\/strong><strong>United States<\/strong><strong>.<\/strong> The Vix \u2014 a measure of volatility that\u2019s often called the \u201cfear index\u201d \u2014 has shot up, and oil had its biggest one-day drop in price since August 2020, setting up a tense meeting of OPEC+ this coming Thursday. <a href=\"https:\/\/www.ft.com\/content\/8df04124-c8e7-4c30-b4da-082ea635f308\">The Financial Times<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-25\/asian-stocks-set-for-mixed-open-amid-firm-dollar-markets-wrap?sref=mmeFTDW1\">Bloomberg<\/a> have more.<\/p><p><strong>Omicron is everywhere on the front pages this morning<\/strong> \u2014 and it is likely to stay there for much of the coming week: <a href=\"https:\/\/apnews.com\/article\/omicron-variant-covid-africa-uk-netherlands-1b344a86ff359a552aa5a64899a57ff7\">AP<\/a> | <a href=\"https:\/\/edition.cnn.com\/2021\/11\/27\/health\/new-covid-variant-omicron-b11529-wellness\/index.html\">CNN<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/uk-59445124\">ABC News<\/a> | <a href=\"https:\/\/www.nytimes.com\/2021\/11\/27\/world\/africa\/omicron-covid-greek-alphabet.html\">NYT<\/a> | <a href=\"https:\/\/www.france24.com\/en\/africa\/20211127-video-top-botswana-health-official-very-concerned-about-omicron-variant\">France24<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/omicron-coronavirus-variant-raises-questions-among-scientists-11637954249\">Wall Street Journal<\/a>.<\/p><p><strong>WATCH THIS SPACE- <\/strong>There was <a href=\"https:\/\/twitter.com\/ksagaca\/status\/1463944945685966850\">news over the weekend<\/a> that non-resident travelers would be allowed to fly directly to Saudi Arabia from Egypt regardless of vaccine status starting this coming Wednesday (subject to certain restrictions and requirements). Omicron\u2019s appearance could see that policy change in a hurry, so keep an eye out for travel warnings.<\/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                            <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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-africa\/\">South Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555788\" 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=\"555788\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/555788\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555788\" class=\"content-area-description single-story post-555788 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-Oceanman1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555789\" 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=\"555789\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/egypt-bans-flights-from-southern-africa-as-world-panics-over-new-covid-variant\/\">\r\n                            Egypt bans flights from southern Africa as world panics over new covid variant                        <\/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\/28\/egypt-bans-flights-from-southern-africa-as-world-panics-over-new-covid-variant\/\" 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(); 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Following in the footsteps of the US, Canada EU and many countries in the Middle East, the Madbouly government <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/281532124017215\">announced on Thursday<\/a> that it has suspended flights from seven countries in southern Africa, where <a href=\"https:\/\/www.who.int\/news\/item\/26-11-2021-classification-of-omicron-(b.1.1.529)-sars-cov-2-variant-of-concern\">the World Health Organization said<\/a> the strain originated and is currently spreading.<\/p>\n<p><strong>Direct flights between Egypt and South Africa, Lesotho, Botswana, Zimbabwe, Mozambique, Namibia and Eswatini have been suspended<\/strong> and travellers arriving in Egypt from the countries via indirect flights will face additional precautionary measures.<\/p>\n<p><strong>What are the measures?<\/strong> Travellers coming from these countries to Egypt for transit or as a final destination will have to take a rapid covid test. If they test positive, they will have to leave the country on the same plane they flew in on. Travellers who test negative will need to self-quarantine for a week and take a PCR test by the end of it.<\/p>\n<p><strong>So far, Egypt is in the clear:<\/strong> Health officials have not yet detected any Omicron cases in Egypt, Health Ministry spokesman Hossam Abdel Ghaffar told Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=5wjGdWvzRAA\">watch, runtime: 10:50<\/a>) last night.<\/p>\n<p><strong>A traveller returning to Belgium from Egypt was said to have been with the new<\/strong> <strong>covid-19 variant<\/strong> that originated in Botswana and South Africa, a virologist working with the Belgian health authorities, said on <a href=\"https:\/\/twitter.com\/vanranstmarc\/status\/1464223622747283460\">Twitter<\/a>. They were headed back to the EU country via Turkey on 11 November and started developing symptoms. The traveler was confirmed to have the B.1.1.529, Omicron variant, 11 days later, Van Ranst said.<\/p>\n<p><strong>The ministry sought to distance Egypt from Belgium's patient zero last night:<\/strong> Abdel Ghaffar told El Hadidi that it is unlikely she became infected in Egypt because her symptoms appeared 11 days after leaving the country. A WHO official in Belgium reportedly told Egyptian authorities that the patient took two PCR tests after leaving Egypt, both of which were negative.<\/p>\n<p><strong>We don\u2019t have to worry about the imminent return of remote learning:<\/strong> In an interview on El Hekaya last night, Education Minister Tarek Shawki \u200b\u200bsaid that it is too early to say what will happen in the coming weeks because we still don\u2019t know much about the variant (<a href=\"https:\/\/www.youtube.com\/watch?v=qa3RRsZPldM\">watch, runtime: 1:47<\/a>). \u201cOur main concern is to carry on with the academic year, because we wasted a lot of time over the past two years,\u201d he told show host Amr Adib, explaining that the Education Ministry is currently awaiting the Health Ministry\u2019s instructions before making any major decisions.<\/p>\n<p><strong>Health Ministry officials are ramping up covid<\/strong> <strong>precautions<\/strong> at land, air, and seaports and will begin tightening the screening of travellers entering the country, Higher Education Minister and acting Health Minister Khaled Abdel Ghaffar said, according to a <a href=\"https:\/\/bit.ly\/3CXcHSL\">statement<\/a>.<\/p>\n<p><strong>The ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/214897234154832\">reported<\/a><\/strong><strong> 931 new covid-19 infections yesterday<\/strong>, up from <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/214203077557581\">913<\/a> the day before. Egypt has now disclosed a total of 355,767 confirmed cases of covid-19. The ministry also reported 68 new deaths, bringing the country\u2019s total death toll to 20,305.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555791\" 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=\"555791\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/\">\r\n                            Egypt partners with Greece, Israel to boost gas export plans                        <\/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\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/\" 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\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/')\">\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\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt partners with Greece, Israel to boost gas export plans&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/\">\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\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/&title=Egypt partners with Greece, Israel to boost gas export plans\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+partners+with+Greece%2C+Israel+to+boost+gas+export+plans+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Fegypt-partners-with-greece-israel-to-boost-gas-export-plans%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\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/612.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555792\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/egypt-partners-with-greece-israel-to-boost-gas-export-plans\/612-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/612.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"612.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/612.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/612.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555791\" class=\"content-area-description single-story post-555791 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-eastern-mediterranean-gas-forum tag-energy tag-enterpriseam tag-greece tag-green-hydrogen tag-israel tag-oil-and-gas tag-oil-ministry tag-renewable-energy tag-tarek-el-molla 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>Egypt\u2019s ambitions to become a regional gas hub received a boost last week<\/strong> after the Madbouly government signed agreements with Greece and Israel that could help it grow exports to Europe. The MoUs, inked during Thursday\u2019s meeting of the East Mediterranean Gas Forum in Cairo, could see Egypt import more natural gas from Israel and increase shipments to Greece, which have failed to pick up this year despite both Idku and Damietta LNG plants being operational.<\/p>\n<p><strong>Increased gas shipments from Israel would be used for re-export<\/strong>, Egypt\u2019s Oil Ministry said in <a href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/200998952215084\">a statement<\/a>, stopping short of disclosing how much gas Egypt could purchase. Under the <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/03\/israel-to-boost-gas-supply-to-egypt-by-34-after-changes-to-landmark-agreement\/\">existing USD 19.5 bn agreement<\/a> with Israel, Egypt is currently importing 2.1 bcm a year, which will increase to 6.7 bcm from 2023 through to 2034.<\/p>\n<p><strong>The increased supplies could be sent through a new pipeline<\/strong> being considered by the two countries, Israel\u2019s energy minister <a href=\"https:\/\/twitter.com\/KElharrar\/status\/1464159486705389580\">wrote on Twitter<\/a>. Israel\u2019s energy ministry said last month there are discussions to establish <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03e23113-0f26-4a12-8d78-f0704c819c51\">a new USD 200 mn onshore pipeline<\/a> that would connect Israel and Egypt via North Sinai. Sources at the time said that the pipeline could allow Egypt to import an extra 3-5 bn cubic meters of gas per year.<\/p>\n<p><strong>More shipments to Greece + a new pipeline could be in the cards:<\/strong> The MoU signed by Greece and Egypt will see the countries work more closely on LNG marketing, exploration and production activities in the EastMed, and consider setting up a new subsea pipeline linking the two countries, the <a href=\"https:\/\/ypen.gov.gr\/kostas-skrekas-epekteinoume-ti-stratigiki-mas-schesi-me-tin-aigypto-kai-sto-fysiko-aerio\/\">Greek energy ministry<\/a> said. The agreement will also lay the foundation for Greek companies to sign agreements with Egypt\u2019s state gas company EGAS, Greek importer DEPA <a href=\"https:\/\/www.facebook.com\/depa.international\/posts\/264875962359714\">said<\/a> following the signing.<\/p>\n<p><strong>The Egypt-Greece pipeline would come in addition to the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/721b0df8-87fd-400e-af60-663496bde9e8\">planned link<\/a><\/strong><strong> between Cyprus\u2019 Aphrodite natural gas field and Egypt<\/strong>, which will allow Cyprus to export its gas to Europe via Egypt\u2019s liquefaction facilities. The pipeline is currently expected to come online <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/05\/turkey-announces-natgas-drilling-off-cyprus-egypt-eu-caution-drillers\/\">in 2024 or 2025<\/a>.<\/p>\n<p><strong>Shipments to Greece have struggled to pick up this year:<\/strong> Greece imports most of its gas from Algeria, Azerbaijan, Russia and Turkey and has only received <a href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/natural-gas\/111121-croatia-lng-receives-first-ever-cargo-from-egypt-16th-in-total\">one shipment of Egyptian gas in 2021<\/a>, despite <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3613f080-5d75-4b85-af31-1b66fcda3204\">the re-opening of the Damietta LNG plant<\/a> in February and the recovery of export volumes following a difficult 2020.<\/p>\n<p><strong>Egypt has dispatched a<\/strong><strong>t least 75 LNG<\/strong><sup><\/sup><strong> shipments so far in 2021<\/strong> after having only <a href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/natural-gas\/012621-egyptian-lng-exports-remain-strong-as-damietta-lng-prepares-to-restart\">shipped 24 during the whole of last year<\/a>, according to data from <a href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/natural-gas\/111121-croatia-lng-receives-first-ever-cargo-from-egypt-16th-in-total\">S&P Global Platts<\/a>.<\/p>\n<p><strong>A regional hydrogen trade in the making:<\/strong> Israel and Egypt signed an MoU that could open the possibility of using an existing pipeline to transport hydrogen between the two countries, the Oil Ministry said in its statement. Egypt is looking to capitalize on the increasing international interest in green hydrogen as an alternative source of clean energy, and has brought on board several local and overseas private sector companies to build its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ebef003-0472-4513-93aa-ef59d457a5ea\">first hydrogen production facility<\/a> in Ain Sokhna.<\/p>\n<p><strong>Good timing:<\/strong> The potential to ramp up exports to Europe comes at a time when spiralling global gas prices and geopolitical tensions with Russia have European nations searching for alternative gas suppliers<\/p>\n<p><strong>Egypt became a net exporter of LNG in 2018 <\/strong>after the discovery of the supergiant Zohr gas field \u2014 the Mediterranean\u2019s largest \u2014 allowed us to <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/30\/egypt-ends-natural-gas-imports\/\">pull the plug<\/a> on LNG imports. Egypt\u2019s LNG exports also picked up steam after we brought the Damietta LNG plant online <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3613f080-5d75-4b85-af31-1b66fcda3204\">earlier in the year<\/a> following an eight-year hiatus, with at least 30 LNG shipments <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d383c65-dda0-4b36-8860-c82fa7b99e0d\">making their way out<\/a> of the revived plant and the Idku facility since then.<\/p>\n<p><strong>What is the EastMed Gas Forum? <\/strong>The recently-ratified <a href=\"https:\/\/emgf.org\/\">forum<\/a> brings together Egypt, Greece, Cyprus, Jordan, Israel, Palestine, Italy and France to coordinate project exploration in the energy field. The organization, which is headquartered in Cairo, is now helmed by Egypt\u2019s Osama Mehrez, who was announced as secretary general of the forum on Thursday according to <a href=\"https:\/\/alborsaanews.com\/2021\/11\/25\/1484786\">Al Borsa<\/a>. The forum\u2019s next meeting is slated for June 2022 in Cyprus.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-mediterranean-gas-forum\/\">Eastern Mediterranean Gas Forum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-ministry\/\">Oil Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-el-molla\/\">Tarek El Molla<\/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=\"555793\" 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=\"555793\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/a-final-offer\/\">\r\n                            A final offer?                        <\/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\/28\/a-final-offer\/\" 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\/28\/a-final-offer\/')\">\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\/28\/a-final-offer\/\">\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 final offer?&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/a-final-offer\/\">\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\/28\/a-final-offer\/&title=A final offer?\">\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+final+offer%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Fa-final-offer%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\/28\/a-final-offer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555793\" class=\"content-area-description single-story post-555793 post type-post status-publish format-standard hentry category-ma-watch tag-adq tag-aldar-properties tag-enterpriseam tag-ma-watch tag-real-estate tag-sodic tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong> The Emirati consortium bidding to acquire upmarket developer SODIC will <\/strong><strong>not up its<\/strong><strong> bid again if <\/strong><strong>shareholders reject the price of the ongoing mandatory tender offer<\/strong>, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=27112021&id=05b364e5-cbb1-420e-8492-ca675f295819\">Al Shorouk<\/a> reports. Aldar Properties and Abu Dhabi sovereign fund ADQ have already upped their offer price from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/65445c53-bf8c-4144-8e37-6daa4e7031c0\">EGP 18-19<\/a> to EGP 20, valuing the Egyptian real estate player at EGP 7.1 bn, but will not do so again if the MTO fails, the newspaper claims, citing unnamed sources at Aldar.<\/p>\n<p><strong>SODIC\u2019s shares closed on Thursday at EGP 19.30 <\/strong>each, near the upper end of the EGP 13.95-19.50 band in which they\u2019ve been trading for the past 52 weeks, according to market data from Reuters.<\/p>\n<p><strong>The consortium is bidding to acquire 90% of SODIC<\/strong> in an MTO that kicked off last week after it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0a12ab5-51fd-4f47-a266-6e199dafba68\">received approval<\/a> from the Financial Regulatory Authority. Shareholders must agree to sell at least 51% of the company\u2019s shares for the agreement to go through, and they have until 7 December to subscribe.<\/p>\n<p><strong>SODIC\u2019s largest shareholder hasn\u2019t made a decision:<\/strong> A consortium of Act Financial, Hassan Allam Properties and Concrete Plus Engineering has not made a final decision about whether to sell their stakes, sources tell Al Shorouk. Together the companies make up SODIC\u2019s single-largest shareholder, owning a 15% stake in the company.<\/p>\n<p><em>Correction: 29 November 2021.<\/em><\/p>\n<p>A previous version of this article incorrectly stated that EFG Hermes has decided to sell a 2.4% in SODIC. A source close to the matter informed us that EFG already offloaded its stake in the company prior to the bid.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555794\" 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=\"555794\">\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\">Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/valu-eyes-regional-expansion-ma-could-be-in-the-cards-here-in-egypt\/\">\r\n                            valU eyes regional expansion, M&#038;A could be in the cards here in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/valu-eyes-regional-expansion-ma-could-be-in-the-cards-here-in-egypt\/\" target=\"_blank\">\n                    Open in new tab      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          <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=valU+eyes+regional+expansion%2C+M%26%23038%3BA+could+be+in+the+cards+here+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Fvalu-eyes-regional-expansion-ma-could-be-in-the-cards-here-in-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/valu-eyes-regional-expansion-ma-could-be-in-the-cards-here-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/615.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555795\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/valu-eyes-regional-expansion-ma-could-be-in-the-cards-here-in-egypt\/615-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/615.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"615.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/615.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/615.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555794\" class=\"content-area-description single-story post-555794 post type-post status-publish format-standard has-post-thumbnail hentry category-finance tag-consumer-finance tag-efg-hermes tag-enterpriseam tag-finance tag-karim-awad tag-non-banking-financial-services tag-saudi-arabia tag-valu tag-walid-hassouna wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>EFG Hermes\u2019 consumer finance platform valU is planning to expand into Saudi Arabia and <\/strong><strong>North Africa as early as next year<\/strong> in what will be the company\u2019s first cross-border expansion, EFG Hermes Finance CEO Walid Hassouna told <a href=\"https:\/\/bit.ly\/3reZ8vz\">Bloomberg Asharq<\/a>.<\/p>\n<p><strong>Saudi has been on valU\u2019s radar for a while:<\/strong> Group CEO Karim Awad <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a23aab97-8276-428b-95dc-50b482deca04\">previously told us<\/a> that the group believes the company as a fintech solution could do well in Saudi Arabia \u2014 and that it was considering expanding into three other countries.<\/p>\n<p><strong>M&A in the cards, too?<\/strong> ValU is also looking to acquire local companies \u201cthat do not work in the same field, but serve the same customers,\u201d Hassouna said, without going into further detail.<\/p>\n<p><strong>The company has carved out for itself a sizable market share in Egypt<\/strong>: <a href=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2021\/10\/Monthly-Data-August-2021-final-2.pdf\">Official figures<\/a><a href=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2021\/10\/Monthly-Data-August-2021-final-2.pdf\">(pdf)<\/a> show that this year valU has risen to become the third-largest non-bank consumer lender in the country with a market share of 11.3%. Its lending portfolio more than doubled y-o-y in 3Q2021, helping its revenues to more than triple to EGP 97 mn, according to its most recent <a href=\"https:\/\/ent.news\/2021\/11\/EFG-Hermes-3Q21.pdf\">earnings release (pdf)<\/a>.<\/p>\n<p><strong>Fresh securitized bond tranche coming:<\/strong> ValU is planning to issue the next EGP 500 mn tranche of securitized bonds as part of its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9792bf42-8581-4cea-bc12-7ae2a926732f\">EGP 2 bn securitization program<\/a> in 1H2022, Hassouna said. The company kicked off the program in September with a EGP 323 mn bond issuance.<\/p>\n<p><strong>ALSO FROM EFG-<\/strong><\/p>\n<p><strong>EFG Hermes\u2019 will provide a wider range of brokerage services on its relaunched <\/strong><strong>and expanded digital trading platform EFG Hermes One<\/strong>, according to a <a href=\"https:\/\/ent.news\/2021\/11\/EFG-Hermes-One-Relaunch-Egypt-English.pdf\">press release (pdf)<\/a>. The new version, which was unveiled during RiseUp on Thursday, also features a new digital payment gateway, a new user interface, as well as a \u201cvirtual simulator\u201d that allows investors to practice before executing real trades.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/consumer-finance\/\">consumer finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/karim-awad\/\">Karim Awad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/non-banking-financial-services\/\">non-banking financial services<\/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\/valu\/\">ValU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/walid-hassouna\/\">Walid Hassouna<\/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=\"555796\" 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=\"555796\">\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\">Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/cira-elsewedy-joint-venture-teams-up-with-sfe-to-build-schools-in-cosmic-village\/\">\r\n                            CIRA + Elsewedy joint venture teams up with SFE to build schools in Cosmic Village                        <\/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\/28\/cira-elsewedy-joint-venture-teams-up-with-sfe-to-build-schools-in-cosmic-village\/\" 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(); 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The partnership will see EGP 350 mn invested in the project, which will set up a branch of Futures Tech (a branded K-12 school that caters to Egypt\u2019s middle-income segment) and another branch of Regent British School (a mid-tuition range international school that made its debut in New Mansoura <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da6ea134-a158-49e6-a05b-87bef013d8ce\">last year<\/a>).<\/p>\n<p><strong>Public-private partnerships in large-scale education investment vehicles are on the up this year:<\/strong> CIRA was among the first to hop on the bandwagon when it announced it was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff3c1551-280c-44d9-93b0-35233fa63b02\">starting a new company with Al Ahly Capital Holding<\/a> to invest in middle-income education providers. The EGX-listed private education outfit is also separately setting up a EGP 2.5 bn private university in New Damietta through a new joint venture with Elsewedy Capital.<\/p>\n<p><strong>And the SFE has been getting in on the education market: <\/strong>The nation\u2019s sovereign fund was among the backers to make a commitment to <a href=\"https:\/\/enterprise.press\/blackboards\/lighthouse-education-takes-off-big-plans-sector\/\">Lighthouse Education<\/a>, an education investment vehicle established last summer which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7da85b5b-326b-46e7-84ee-698fa6f9db70\">raised EGP 560 mn<\/a> in its first close. Misr Ins. Holding, Banque Misr, and Saudi Arabia\u2019s Al Rajhi Investment Holding Company also made contributions.<\/p>\n<p><strong>Want more?<\/strong> Check out our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7e96b7df-52b0-4367-896f-cddb3faefacb\">Blackboard<\/a> issue on how the nation is increasingly turning to large-scale public-private investment platforms to drive much-needed investment in new classrooms.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-private-partnership\/\">public-private partnership<\/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\/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=\"555798\" 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=\"555798\">\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\/28\/homzmart-launches-in-ksa-this-week\/\">\r\n                            Homzmart launches in KSA this week                        <\/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\/28\/homzmart-launches-in-ksa-this-week\/\" 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\/28\/homzmart-launches-in-ksa-this-week\/')\">\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\/28\/homzmart-launches-in-ksa-this-week\/\">\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=Homzmart launches in KSA this week&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/homzmart-launches-in-ksa-this-week\/\">\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\/28\/homzmart-launches-in-ksa-this-week\/&title=Homzmart launches in KSA this week\">\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=Homzmart+launches+in+KSA+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Fhomzmart-launches-in-ksa-this-week%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\/28\/homzmart-launches-in-ksa-this-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/619.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555799\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/homzmart-launches-in-ksa-this-week\/619-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/619.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"619.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/619.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/619.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555798\" class=\"content-area-description single-story post-555798 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam tag-entrepreneurship tag-homzmart tag-saudi-arabia tag-startup-watch tag-startups tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><strong> Furniture and home goods marketplace <\/strong><strong>Homzmart is launching in Saudi Arabia this week<\/strong> after tripling the size of its Egypt operations this year, according to a <a href=\"https:\/\/ent.news\/2021\/11\/Homzmart-KSA-PR-251121.pdf\">press release (pdf)<\/a>. The expansion will give Homzmart access to a USD 15 bn market that is growing at a rate of 10% annually.<\/p>\n<p><strong>About Homzmart: <\/strong>Founded in 2019 by former <a href=\"https:\/\/www.jumia.com.eg\/\">Jumia<\/a> execs Mahmoud Ibrahim and Ibrahim Mohamed, <a href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwjJtM6WwbP0AhUIb4YKHfnfDIEYABAAGgJ2dQ&ae=2&ei=yICfYaWbELKbptQP0rK--As&sig=AOD64_3Nlky7bYmRY0jlfLOT4E-Q-BkyqQ&q&sqi=2&adurl&ved=2ahUKEwiln7-WwbP0AhWyjYkEHVKZD78Q0Qx6BAgCEAE\">Homzmart<\/a> connects suppliers with consumers, showcasing 55k furniture products from different brands and merchants. In May of this year, the company landed USD 15 mn in a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/52260fc8-f1aa-4e34-ba4d-a17fc5d9e42b\">series A<\/a> round from China\u2019s <a href=\"https:\/\/www.msacap.com\/\">MSA Capital<\/a> and Emirati-Saudi VC firm <a href=\"https:\/\/nuwacapital.io\/\">Nuwa Capital<\/a>, bringing the total amount raised by the company to USD 17.2 mn. Other investors included Rise Capital, Impact46, EQ2 Ventures and Outliers Ventures.<\/p>\n<p><strong>ALSO FROM PLANET STARTUP-<\/strong> <strong>Digital legal advisor Hekouky has raised an <\/strong><strong>undisclosed amount in a pre-seed round<\/strong> from Saudi-based \u200b<a href=\"https:\/\/www.namaventures.com\/\">Nama Ventures<\/a>, according to <a href=\"https:\/\/www.wamda.com\/2021\/11\/hekouky-closes-pre-seed-round-nama-ventures\">Wamda<\/a>. The Cairo-based startup, which bills itself as a one-stop-shop legaltech platform, will use the funding to expand its business across Egypt. It aims to help entrepreneurs and business owners register trademarks and incorporate their companies under Egyptian law. Hekouky had earlier this year been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cfbdd5ee-e591-4de3-a817-98a029c8899f\">selected<\/a> to take part in a Google-led three-month digital accelerator program. The startup was founded this year by Mayy Abdelbary (<a href=\"https:\/\/www.linkedin.com\/in\/mayyabdelbary\/\">LinkedIn<\/a>), the former CTO of payroll consultant PayNas, Hala Riad (<a href=\"https:\/\/www.linkedin.com\/in\/hala-tarek-riad-22b4bb197\/?originalSubdomain=eg\">LinkedIn<\/a>), a corporate lawyer, and Fatma Khalil (<a href=\"https:\/\/www.linkedin.com\/in\/fatimakhalil7\/?originalSubdomain=uk\">LinkedIn<\/a>), an accountant-entrepreneur.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/homzmart\/\">Homzmart<\/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\/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=\"555800\" 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=\"555800\">\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\">Mining<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/state-plans-to-start-commercial-operations-at-1-mn-oz-gold-concession-in-eastern-desert\/\">\r\n                            State plans to start commercial operations at 1-mn oz gold concession in Eastern Desert                        <\/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\/28\/state-plans-to-start-commercial-operations-at-1-mn-oz-gold-concession-in-eastern-desert\/\" 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\/28\/state-plans-to-start-commercial-operations-at-1-mn-oz-gold-concession-in-eastern-desert\/')\">\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\/28\/state-plans-to-start-commercial-operations-at-1-mn-oz-gold-concession-in-eastern-desert\/\">\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=State plans to start commercial operations at 1-mn oz gold concession in Eastern Desert&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/state-plans-to-start-commercial-operations-at-1-mn-oz-gold-concession-in-eastern-desert\/\">\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\/28\/state-plans-to-start-commercial-operations-at-1-mn-oz-gold-concession-in-eastern-desert\/&title=State plans to start commercial operations at 1-mn oz gold concession in Eastern Desert\">\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=State+plans+to+start+commercial+operations+at+1-mn+oz+gold+concession+in+Eastern+Desert+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Fstate-plans-to-start-commercial-operations-at-1-mn-oz-gold-concession-in-eastern-desert%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\/28\/state-plans-to-start-commercial-operations-at-1-mn-oz-gold-concession-in-eastern-desert\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555800\" class=\"content-area-description single-story post-555800 post type-post status-publish format-standard hentry category-mining tag-enterpriseam tag-gold tag-mining wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Oil Ministry plans in the coming months to start commercial gold exploration <\/strong><strong>at the Iqat area in the Eastern Desert<\/strong>, which is thought to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0055c460-9f5e-4aed-9db1-1888d1fa6554\">house more than 1 mn ounces of gold<\/a>, the <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/281888603981567\">ministry announced<\/a> yesterday. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dde91262-9965-49fc-933e-b4a42a5ebf3c\">More than USD 1 bn<\/a> could be invested over the next 10 years in the deposit, which falls within the state-owned Shalateen Mining Company\u2019s concession area. The area has an average gold concentration of 1.5 grams per tonne of rock, Oil Minister Tarek El Molla said in the statement.<\/p>\n<p><strong>Doing the digging:<\/strong> Iqat Gold Mining Company \u2014 a joint venture company set up by the Egyptian Mineral Resources Authority and the military-owned Shalateen Mining Company \u2014 is developing the concession, making it only the third gold mine operator in the country, alongside Centamin and the Hamash Company, a JV between the state and Cyprus\u2019 Matz Holding.<\/p>\n<p><strong>The news was picked up by the foreign press:<\/strong> <a href=\"https:\/\/bit.ly\/32FS1lR\">Al Arabiya<\/a> | <a href=\"https:\/\/arabic.cnn.com\/business\/article\/2021\/11\/27\/egypt-gold-eastern-desert\">CNN<\/a> | <a href=\"https:\/\/www.cnbcarabia.com\/news\/view\/91465\">CNBC Arabia<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mining\/\">mining<\/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=\"555801\" 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=\"555801\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/haitham-abdel-moneim-joins-orientals-group-as-chief-investment-officer\/\">\r\n                            Haitham Abdel Moneim joins Orientals Group as chief investment officer                        <\/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\/28\/haitham-abdel-moneim-joins-orientals-group-as-chief-investment-officer\/\" 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\/28\/haitham-abdel-moneim-joins-orientals-group-as-chief-investment-officer\/')\">\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\/28\/haitham-abdel-moneim-joins-orientals-group-as-chief-investment-officer\/\">\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=Haitham Abdel Moneim joins Orientals Group as chief investment officer&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/haitham-abdel-moneim-joins-orientals-group-as-chief-investment-officer\/\">\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\/28\/haitham-abdel-moneim-joins-orientals-group-as-chief-investment-officer\/&title=Haitham Abdel Moneim joins Orientals Group as chief investment officer\">\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=Haitham+Abdel+Moneim+joins+Orientals+Group+as+chief+investment+officer+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Fhaitham-abdel-moneim-joins-orientals-group-as-chief-investment-officer%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\/28\/haitham-abdel-moneim-joins-orientals-group-as-chief-investment-officer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555801\" class=\"content-area-description single-story post-555801 post type-post status-publish format-standard hentry category-moves tag-egypt-kuwait-holding tag-enterpriseam tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Our friend Haitham Abdel Moneim (<\/strong><strong><a href=\"https:\/\/www.linkedin.com\/in\/haitham-moneim-8a39381\/?originalSubdomain=eg\">LinkedIn<\/a><\/strong><strong>) has joined the Orientals Group as chief <\/strong><strong>investment officer<\/strong> after a nearly eight-year run with EK Holding, where he was most recently director of investor relations. The Khamis family owned Orientals has a global footprint and holds investments of more than USD 3.1 bn spanning industrials, retail, real estate, education and petrochemicals. Haitham began his career at LinkdotNet and Raya Integration and was investor relations manager at Oriental Weavers from 2007 through 2013.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-kuwait-holding\/\">Egypt Kuwait Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555802\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"555802\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/555802\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555802\" class=\"content-area-description single-story post-555802 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.sodic.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/Tactical-Male-1600WX800H-for-web.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555803\" 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=\"555803\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/last-nights-talk-shows-on-omicron-thursdays-glamorous-procession\/\">\r\n                            Last Night\u2019s Talk Shows on Omicron + Thursday\u2019s glamorous procession                        <\/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\/28\/last-nights-talk-shows-on-omicron-thursdays-glamorous-procession\/\" 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\/28\/last-nights-talk-shows-on-omicron-thursdays-glamorous-procession\/')\">\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\/28\/last-nights-talk-shows-on-omicron-thursdays-glamorous-procession\/\">\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 on Omicron + Thursday\u2019s glamorous procession&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/last-nights-talk-shows-on-omicron-thursdays-glamorous-procession\/\">\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\/28\/last-nights-talk-shows-on-omicron-thursdays-glamorous-procession\/&title=Last Night\u2019s Talk Shows on Omicron + Thursday\u2019s glamorous procession\">\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+on+Omicron+%2B+Thursday%E2%80%99s+glamorous+procession+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Flast-nights-talk-shows-on-omicron-thursdays-glamorous-procession%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\/28\/last-nights-talk-shows-on-omicron-thursdays-glamorous-procession\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555803\" class=\"content-area-description single-story post-555803 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-ancient-egypt tag-covid-19 tag-enterpriseam tag-last-nights-talk-shows tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Last night\u2019s talk shows put covid\u2019s latest variant Omicron front and center. <\/strong>We have the full story in this morning\u2019s covid watch featuring what the health and education ministries had to say on the matter.<\/p>\n<p><strong>On a lighter note, Thursday\u2019s procession that opened Luxor\u2019s Avenue of the Sphinxes also got its fair share of airtime. <\/strong>Masaa DMC (<a href=\"https:\/\/www.facebook.com\/dmctv\/videos\/199872365675014\">watch, runtime: 15:50<\/a>) hosted some of the entertainers who took part in the procession, while Ala Mas\u2019ouleety (<a href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/videos\/585283869246487\">watch, runtime: 4:52<\/a>) showcased the international attention the procession got. Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=Zbn1MYx8hj0\">watch, runtime: 1:13<\/a>) and Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=0C_0_FjAaw0\">watch, runtime: 26:30<\/a>) also had the story.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span 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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=\"555805\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/road-of-rams-renovation-gets-a-glitzy-inauguration\/\">\r\n                            Road of Rams renovation gets a glitzy inauguration                        <\/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\" 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   \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/road-of-rams-renovation-gets-a-glitzy-inauguration\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/620.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555806\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/road-of-rams-renovation-gets-a-glitzy-inauguration\/620-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/620.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"620.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/620.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/620.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555805\" class=\"content-area-description single-story post-555805 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-ancient-egypt tag-archaeology tag-enterpriseam tag-history tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s lavish spectacle in Luxor is all the rage in the foreign press this morning<\/strong>, with tens of outlets narrating Thursday\u2019s procession that opened the 3k-year-old Avenue of the Sphinxes (also known as The Road of the Rams) following its decades-long renovation, which was described as a \u201cglitzy\u201d and \u201cspectacular\u201d (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/videos\/609047850317529\">watch, runtime: 1:48:15<\/a>). The event included a procession of hundreds of performers dressed in pharaonic costumes along the 2.7 km-long road, a reenactment of the ancient Opet festival \u2014 in which statues of Theban deities were paraded during the New Kingdom era to celebrate the flooding of the Nile \u2014 and a firework display to wrap up the evening.<\/p>\n<p><strong>The opening of the Avenue of the Sphinxes marks the inauguration of one of the world\u2019s <\/strong><strong>largest open-air archaeological sites<\/strong> and comes as Egypt continues to up its efforts to revive tourism after the pandemic <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/435a8847-1d64-41a4-90c0-dacc5d503875\">all but shuttered the industry<\/a> for much of last year. This was the second made-for-TV spectacle of the year, following April\u2019s \u201c<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e349cd2-3163-4b60-9b34-84d25eed7ff7\">Golden Parade<\/a>\u201d ceremony to mark the opening of the National Museum of Egyptian Civilization.<\/p>\n<p><strong>Coverage is everywhere <\/strong>from <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-25\/sphinx-avenue-restored-after-2-500-years-as-egypt-boosts-tourism?sref=mmeFTDW1\">Bloomberg<\/a> and the <a href=\"https:\/\/www.washingtonpost.com\/world\/egypt-unveils-renovated-avenue-of-the-sphinxes-in-luxor\/2021\/11\/25\/befac64e-4e1d-11ec-a7b8-9ed28bf23929_story.html\">Washington Post<\/a> to the <a href=\"https:\/\/apnews.com\/article\/science-africa-middle-east-egypt-nile-river-1beac6181f4e599331510557c14343fc\">Associated Press<\/a>, <a href=\"https:\/\/www.bbc.com\/news\/av\/world-africa-59424084\">BBC<\/a>, <a href=\"https:\/\/www.cnn.com\/travel\/article\/egypt-ancient-walkway-scli-intl-scn\/index.html\">CNN<\/a>, <a href=\"https:\/\/www.thetimes.co.uk\/article\/egypt-reopens-its-grand-avenue-of-the-sphinxes-in-luxor-23n2wt7wk\">The Times<\/a>, <a href=\"https:\/\/www.dw.com\/en\/egypt-reopens-restored-ancient-avenue-of-the-sphinxes-in-luxor\/a-59941561\">DW<\/a> and <a href=\"https:\/\/www.thenationalnews.com\/mena\/egypt\/2021\/11\/25\/egypts-avenue-of-sphinxes-reopens-in-spectacular-style\/\">The National<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555807\" 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=\"555807\">\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\/28\/ev-ipos-to-raise-usd-100-bn-by-2023-says-bank-of-america\/\">\r\n                            EV IPOs to raise USD 100 bn by 2023, says Bank of America                        <\/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\/28\/ev-ipos-to-raise-usd-100-bn-by-2023-says-bank-of-america\/\" 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\/28\/ev-ipos-to-raise-usd-100-bn-by-2023-says-bank-of-america\/')\">\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\/28\/ev-ipos-to-raise-usd-100-bn-by-2023-says-bank-of-america\/\">\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=EV IPOs to raise USD 100 bn by 2023, says Bank of America&url=https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/ev-ipos-to-raise-usd-100-bn-by-2023-says-bank-of-america\/\">\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\/28\/ev-ipos-to-raise-usd-100-bn-by-2023-says-bank-of-america\/&title=EV IPOs to raise USD 100 bn by 2023, says Bank of America\">\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=EV+IPOs+to+raise+USD+100+bn+by+2023%2C+says+Bank+of+America+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F11%2F28%2Fev-ipos-to-raise-usd-100-bn-by-2023-says-bank-of-america%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\/28\/ev-ipos-to-raise-usd-100-bn-by-2023-says-bank-of-america\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555807\" class=\"content-area-description single-story post-555807 post type-post status-publish format-standard hentry category-planet-finance tag-enterpriseam tag-evs tag-financial-markets tag-ipo-watch tag-planet-finance tag-tesla 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> Electric vehicle-related IPOs could raise some USD 100 bn by the end of 2023, <\/strong>according to Bank of America Corp, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-25\/bank-of-america-foresees-100-billion-wave-of-ipos-in-ev-space?srnd=premium-middle-east\">Bloomberg<\/a> reported. With investors betting on growing demand for cleaner cars, EV-makers have become stock market darlings, and BofA predicts the sector will see growing investments in the EV space spanning batteries to charging cars, with companies both spinning off units and going public. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/daa685ce-c5c2-41eb-ae10-1d6eebb8abc2\">largest IPO of 2021<\/a> was electric-truckmaker Rivian, which became the world\u2019s <a href=\"https:\/\/www.forbes.com\/sites\/alanohnsman\/2021\/11\/15\/rivian-now-worlds-no-3-carmaker-by-value-as-post-ipo-stock-surge-rolls-on\/?sh=3858d66337a5\">third most valuable automaker<\/a> despite no revenues booked so far, while industry leader Tesla almost doubled in value over the past year.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,431<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,299<\/p>\n<\/td>\n<td>\n<p>-0.6% (YTD: +30.0%)<\/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>8,454<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: +67.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>3,170<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +27.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,595<\/p>\n<\/td>\n<td>\n<p>-2.3% (YTD: +22.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,044<\/p>\n<\/td>\n<td>\n<p>-3.6% (YTD: +9.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 72.72<\/p>\n<\/td>\n<td>\n<p>-11.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 5.48<\/p>\n<\/td>\n<td>\n<p>+7.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,788.10<\/p>\n<\/td>\n<td>\n<p>+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 54,673<\/p>\n<\/td>\n<td>\n<p>+0.9% (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 rose 0.7% at Thursday\u2019s close<\/strong> on turnover of EGP 1.1 bn (26.5% below the 90-day average). Regional investors were net buyers. The index is up 5.4% YTD.<\/p><p><strong>In the green: <\/strong>Heliopolis Housing (+8.8%), TMG Holding (+6.4%) and Rameda (+5.7%).<\/p><p><strong>In the red: <\/strong>Cleopatra Hospital (-1.5%), Speed Medical (-1.3%) and CIB (-0.7%).<\/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\/evs\/\">EVs<\/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\/tesla\/\">Tesla<\/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 whats-next vertical-section wide-section wp-block-group issue-section\" id=\"555808\">\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\/27716.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\/27488.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Sunday 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\/whatsnext\/\">\r\n                            Read What's Next                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">13<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/whatsnext\/ma-looks-set-to-be-whats-next-on-planet-startup\/\">         \r\n                            M&#038;A looks set to be What\u2019s Next on Planet Startup<\/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\/whatsnext\/ma-looks-set-to-be-whats-next-on-planet-startup\/\" 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(); 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That\u2019s changing. <\/strong>Look no further than B2B commerce platform <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40d6ef01-4a88-49fd-af20-7f8279df1629\">MaxAB acquiring Moroccan startup WaystoCap<\/a> last summer, Egyptian edtech startup <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b9435c07-5c41-478a-a820-4cf70590f65f\">Tyro buying Nafham<\/a> just a few days ago, and <a href=\"https:\/\/www.google.com\/search?q=riseup+menabytes+starterhub&rlz=1C1SQJL_enEG937EG937&ei=aYeVYbqKPMqPxc8PoJGZsAk&oq=riseup+menabytes+starterhub&gs_lcp=Cgdnd3Mtd2l6EAM6BwghEAoQoAFKBAhBGAFQ-AJY-w9g0xFoAXAAeACAAZMCiAHMEZIBAzItOZgBAKABAcABAQ&sclient=gws-wiz&ved=0ahUKEwj64oOMvqD0AhXKR_EDHaBIBpYQ4dUDCA4&uact=5\">RiseUp\u2019s buyout of Facebook community Starterhub<\/a> and <a href=\"https:\/\/www.menabytes.com\/riseup-acquires-menabytes\/\">startup journal MENAbytes<\/a> a few years back. Mass transport startup SWVL, which originated in Egypt and is looking to go public via merger with a SPAC, acquired two startups in recent months: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af5d2162-bf47-45d2-b982-46314e364512\">Spain\u2019s Shotl<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9ff7b137-c8e9-4f0f-b7d8-1eccf7e7cf63\">Latin America\u2019s ViaPool<\/a>.<\/p>\n<p><strong>WHAT\u2019S NEXT? We talked to local players to take their pulse on whether<\/strong> <strong>startup-to-startup acquisitions are likely to become more common here, <\/strong>what form they usually take, and what to watch out for when you\u2019re planning one of your own. The long and the short of it: <strong>We\u2019re looking at a wave of acquisitions in a handful of sectors <\/strong>\u2014 and founders need to take on board both caution and clarity before heading down that path.<\/p>\n<p><strong>We\u2019re not alone: <\/strong>Some 268 venture-backed US companies acquired peers in the first seven months of this year, <a href=\"https:\/\/news.crunchbase.com\/news\/startups-are-acquiring-other-startups-at-an-unprecedented-pace\/\">according to business-finding platform Crunchbase<\/a> \u2014 the most in the past decade.<\/p>\n<p><strong>What\u2019s driving consolidation in the startup space? <\/strong>Record levels of venture financing, crowding in a handful of sectors, and newfound IPO prospects.<\/p>\n<p><strong>The size of funding rounds in Egypt is skyrocketing<\/strong> \u2014 look no further than grocery delivery outfit <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cbb47824-e06f-4681-b071-23b218f03bcb\">Rabbit\u2019s record-breaking USD 11 mn pre-seed round<\/a> or <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b07d9131-549a-4e31-aba4-b39a6704f6ac\">Halan\u2019s recent USD 120 mn round<\/a>, which set a record for the largest round raised by a regional fintech startup.<\/p>\n<p><strong>The median round in Egypt is now 12x larger than it was in 2014. <\/strong>Data from <a href=\"https:\/\/www.wamda.com\/research\/pdf\/enhancing-access\">Wamda<\/a> suggests that back then it was USD 200k \u2014 our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09eec7b1-9fe6-4114-8d35-93ebc46527aa\">internal tracker<\/a> had it at USD 2.38 mn in 2020.<\/p>\n<p><strong>And just as angel and VC interest is rising, so too are IPO prospects for more advanced<\/strong> <strong>startups. <\/strong>A <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c47350d-f29a-48b5-8594-8c13735eac84\">SPACs law is in the works<\/a>, Swvl <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bfbf590f-581d-4b49-96b3-3ac733bb7fe3\">made headlines with intention to list on the Nasdaq<\/a> through US blank check firm Queen\u2019s Gambit, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/23beb734-9f6f-4c55-9143-7c6935ecf804\">e-Finance\u2019s successful IPO<\/a> has underscored that the EGX is hungry for new issuances from the tech space.<\/p>\n<p><strong>More incoming money means more dry powder and more bandwidth to look for<\/strong> <strong>alternative, inorganic growth prospects \u2014 to say nothing of higher valuations<\/strong>, which mean your share becomes a more powerful acquisition currency, says Karim Bichara, a general partner at <strong>A15<\/strong>.<\/p>\n<p><strong>The key: Acquisitions by startups aren\u2019t always all-cash arrangements \u2014 they often<\/strong> <strong>involve a share swap. <\/strong>A company is more likely to use cash in an acquisition after raising a large round, while startups with higher valuations may prefer an all-share transaction, founding director of the <strong>American University in Cairo\u2019s Venture Lab<\/strong> Ayman Ismail tells us. But it also largely depends on the seller: If the entrepreneurs on the selling side plan to stay on to grow the business, they will probably prefer shares. If they\u2019re exiting entirely, expect them to go for the money, he says: \u201cThere is no standard \u2014 it is more of a case-by-case basis.\u201d<\/p>\n<p><strong>Why buy a peer? Geographical expansion is often at the top of the list.<\/strong> \u201cA lot of companies from Egypt, UAE and Saudi Arabia will start acquiring companies in Africa, Latin America and Europe, because the money coming in is much more than the capacity of talent in the Egyptian market to handle,\u201d CEO of <strong>Klivvr<\/strong> (and former cofounder of Halan) Mohamed \u201cNagaty\u201d Aboulnaga says.<\/p>\n<p><strong>Swvl and MaxAB are cases in point: <\/strong>\u201cIf you expand organically, there\u2019s only that much speed you can expand by,\u201d <strong>Swvl<\/strong> CFO Youssef Salem says. Buying a player who is already growing in their market can help startups jump several hurdles at once \u2014 including penetration, brand equity and operations in a foreign country. \u201cWe were looking to enter Morocco, and when we found a culturally aligned team over there, acquiring it gave us a faster leap into the market,\u201d <strong>MaxAB<\/strong> CFO Omar Ghazaly tells us.<\/p>\n<p><strong>Other times, licenses, revenue growth, the imperative to grow your user base, and talent<\/strong> <strong>acquisition are driving factors. <\/strong>If a startup needs to pursue a license for a certain activity, it may opt for buying a similar company that already has it, Bichara explains. Acquiring a company for its user base or revenues is also high on the list, but this can easily become tricky: customer retention under a new setup and brand name is far from assured. Startups may also go down the acquisition route to take on new talent at a significantly smaller competitor or complimentary company (and \u201cacquihire\u201d in the trade).<\/p>\n<p><strong>Remember to factor in time for due diligence <\/strong>\u2014 lawyer-speak for \u201ckicking the tires and making sure you\u2019re getting what you think you\u2019re getting \u2014 without any hidden surprises.\u201d For many startups, there\u2019s a balancing act between the months and months it can take to pull off an IPO \u2014 and the weeks it could take to just move in yourself. <strong>Tyro<\/strong> CEO Mokhtar Osman says his company spent 5-6 months on the due diligence process for its acquisition of Nafham. Higher metabolism outfits like Swvl try to move faster: \u201cWhen we decide to grow organically [in another country], it takes us 30-45 days [to set up]. So if we decide to do it through an acquisition, it needs to happen in [a very similar time-span] to keep up with the overall pace of the company,\u201d Salem says.<\/p>\n<p><strong>So what have Tyro, MaxAB and Swvl learned from their acquisitions? <\/strong>Internal playbooks for the acquirer\u2019s operations and acquisition strategy are crucial for future transactions and seller onboarding, they say. Also, ensuring adequate valuations and keeping steady, friendly relationships with competitors can assist in being in the right place at the right time when the time for consolidations comes. And you\u2019ll definitely want to bring on third parties to go over your target\u2019s financials, tech compatibility and to evaluate the cultural fit between the two entities. \u201cWe decided to get an external finance expert to analyze the two companies, their balance sheets and their employees for two months. That helped a lot,\u201d Tyro\u2019s Osman said.<\/p>\n<p><strong>Clarity on purpose and leaving one\u2019s ego at the door are essential for acquisitions to<\/strong> <strong>go well: <\/strong>What do you get from your acquisition target \u2014 and how does it benefit from you? \u201cIf you end up turning the company you bought into a copy of yourself, you haven\u2019t learned anything,\u201d Bichara says. \u201cThe playing field needs to be even and you need to leave your pride at the door.\u201d This will also ensure that founders from the sell side stay in it for the long-run \u2014 if that\u2019s part of the arrangement.<\/p>\n<p><strong>And remember: Inorganic growth isn\u2019t the only path to growth and expansion.<\/strong> \u201cIf you only expand by acquiring other players in other countries, you lose your ability to compete and find yourself at the mercy of finding a target market,\u201d Swvl\u2019s Salem tells us. This could cause a startup to lose its in-house dynamic and market launch squads. \u201cKeeping that inorganic and organic-market-launch DNA in the firm helps you get the best of both worlds,\u201d he adds.<\/p>\n<p><strong>So which Egyptian sectors are most ripe for consolidation? Follow the funding rounds.<\/strong> \u201cAny sector that has seen over-investment is likely to start a consolidation phase a few years later,\u201d AUC\u2019s Ismail explains. Every few years, trends see entrepreneurs and capital piling into a small handful of sectors. \u201cIt started with telcos in the early 2000s, followed by ride-hailing and logistics, and currently <strong>fintech<\/strong>,\u201d Klivvr\u2019s Aboulnaga says. We\u2019re seeing price wars now in <strong>logistics and last-mile delivery<\/strong>, with value propositions becoming very similar to each other. That makes the sector ripe for acquisitions in the near future, he says, adding that he expects the <strong>edtech<\/strong> and <strong>healthtech<\/strong> industries to be next. \u201cOnce the SPAC law gets released, we will also see 3-4 SPACs, each acquiring one or more companies within two years,\u201d he adds.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top stories on future trends for the week:<\/strong><\/p>\n<ul>\n<li><strong>Edtech startup Educatly <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fbaaa95d-520b-4392-9509-4e2d6304de2b\">closed a USD 1 mn pre-seed round<\/a><\/strong> from Irish state development lender Enterprise Ireland, Falak Startups and a group of angel investors.<\/li>\n<li><strong>Fintech startup HollyDesk <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce9e7966-d25e-4aeb-b44e-cee7089a49fe\">raised USD 325k in pre-seed funding<\/a><\/strong> in a round led by angel investor Faisal Abdel Salam.<\/li>\n<li><strong>Three Egyptian startups were <\/strong><strong><a href=\"https:\/\/disrupt-africa.com\/2021\/11\/22\/3-egyptian-startups-join-techstars-riyadh-accelerator\/\">chosen<\/a><\/strong><strong> to join <\/strong><strong><a href=\"https:\/\/www.techstars.com\/accelerators\/riyadh\">Techstars Riyadh<\/a><\/strong><strong> accelerator:<\/strong> <a href=\"https:\/\/tegarti.com\/\">Tegarti<\/a>, a cloud-based point of sale and retail management platform, <a href=\"https:\/\/tegarti.com\/\">Glamera<\/a>, an app for booking beauty and health services, and <a href=\"https:\/\/untapcompete.com\/\">Untap<\/a>, an all-in-one software for planning, launching managing, and assessing online innovation and talent acquisition programs.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/auc-venture-lab\/\">AUC Venture Lab<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/maxab\/\">MaxAB<\/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\/tyro\/\">Tyro<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"555810\" 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\/28\/your-essential-business-calendar-on-28-november-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555810\" class=\"content-area-description single-story post-555810 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>24 November-7 December (Wednesday-Tuesday): Designated period for SODIC shareholders to subscribe to Aldar Properties and ADQ\u2019s mandatory tender offer (<a href=\"http:\/\/enterprisemea.com\/wp-content\/uploads\/2021\/11\/EGX-announcement-%E2%80%94-Aldar-_-SODIC-MTO.pdf\">pdf<\/a>).<\/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>28 November-1 December (Sunday-Wednesday): <a href=\"https:\/\/creativeindmena.com\/\">Creative Industry Summit<\/a>, Nile Ritz-Carlton.<\/p>\n<p>29 November (Monday): Deadline for <a href=\"https:\/\/bit.ly\/3r8knzg\">registration<\/a> for MCIT\u2019s online career training program by Digital Egypt Youth.<\/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 KfW for green project proposals in Egypt as part of their <a href=\"http:\/\/enterprisemea.com\/wp-content\/uploads\/2021\/11\/2021-11-08_FINAL_EGY-ONLY-announcement-en-1.pdf\">Investing for Employment facility (pdf).<\/a><\/p>\n<p>End of November: El Nasr Automotive expects to have found a replacement for Dongfeng as its partner for its local EV assembly plans.<\/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>2 December (Thursday): The <a href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/6690.htm\">23rd OPEC and non-OPEC ministerial meeting<\/a>.<\/p>\n<p>5 December (Sunday): Purchasing managers\u2019 index figures for November for Egypt, Saudi Arabia, and Qatar will be released.<\/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-Friday): <a href=\"https:\/\/www.gfhsegypt.com\/\">Global Forum for Higher Education and Scientific Research (GFHS)<\/a>, Cairo, Egypt.<\/p>\n<p>9-10 December (Thursday-Friday): The US\u2019s <a href=\"https:\/\/www.state.gov\/summit-for-democracy\/\">Summit for Democracy<\/a>. Egypt is not among the invitees.<\/p>\n<p>10 December (Friday): Capmas will release November inflation figures.<\/p>\n<p>10 December (Friday): Silicon Waha\u2019s <a href=\"https:\/\/bit.ly\/3FATsAa\">Startup Factory<\/a> program kicks off in Assiut Technology Zone.<\/p>\n<p>12 December (Sunday): Raya Holding\u2019s Ordinary General Assembly meeting.<\/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 December (Tuesday): Inquiry session for the <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">Industrial Development Authority<\/a>\u2019s licenses to manufacture steel products.<\/p>\n<p>14-19 December (Tuesday-Sunday): <a href=\"https:\/\/www.facebook.com\/cifcet\/\">The Cairo International Festival for Experimental Theater<\/a>.<\/p>\n<p>14-15 December (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>15 December (Wednesday): Deadline for joint stock companies and investment companies in Cairo to join e-invoicing platform.<\/p>\n<p>15 December (Wednesday): Target date for snackmaker Edita to wrap up due diligence on its acquisition of the Ole brand owner Egyptian Belgian Company.<\/p>\n<p>15 December (Wednesday): The European Bank for Reconstruction and Development will give its final approval for a USD 100 mn facility to state-owned Banque Misr to finance local SMEs working on green projects.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>End of 4Q2021: EdVentures plans to have closed at least one more edtech investment round.<\/p>\n<p>End of 4Q2021: Fawry plans to have launched its MyFawry card.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>1H2022:: e-Aswaaq\u2019s tourism platform will roll out its ticketing and online booking portal across Egypt.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1Q2022: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cd1fc44-1593-4317-8658-0aa792215521\">Launch of the Egyptian Commodities Exchange<\/a>.<\/p>\n<p>1Q2022: Swvl acquisition of Viapool expected to close.<\/p>\n<p>Second Half of January: Egypt <a href=\"https:\/\/alborsaanews.com\/2021\/11\/23\/1483989\">will host<\/a> the Egyptian-Bahraini Joint Committee.<\/p>\n<p>1 January 2022: Capital gains tax comes into effect on the EGX for local investors.<\/p>\n<p>7 January 2022 (Friday): Coptic Christmas.<\/p>\n<p>10-13 January 2022 (Monday-Thursday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a>, Sharm El Sheikh.<\/p>\n<p>15 January (Saturday): Target date for the finalization of snackfood giant Edita\u2019s acquisition of the Egyptian Belgian Company, owner of the Ole brand.<\/p>\n<p>17-19 January 2022 (Monday-Wednesday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/en-gb.html\">World Future Energy Summit<\/a>, Abu Dhabi.<\/p>\n<p>27 January 2022 (Tuesday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>11 February 2022 (Friday): <a href=\"https:\/\/finance.yahoo.com\/news\/vistas-media-acquisition-company-inc-203000610.html\">Deadline for Anghami SPAC merger<\/a>.<\/p>\n<p>11-13 February (Friday-Sunday) FIBA Intercontinental Cup, Cairo.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>15 February 2022 (Tuesday): The Industrial Development Authority\u2019s deadline for <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">receiving offers<\/a> from companies for licenses to manufacture steel products.<\/p>\n<p>19 February 2022 (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>27 February - 3 March (Sunday-Thursday): What\u2019s Next conference. <sup><\/sup><\/p>\n<p>March 2022: 4Q2021 earnings season.<\/p>\n<p>March 2022: World Cup playoffs.<\/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>Late April - 15 May 2022: 1Q2022 earnings season<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>2 May 2022 (Monday): Eid El Fitr (TBC).<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June 2022 (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>8 July 2022 (Friday): Arafat Day.<\/p>\n<p>9-13 July 2022 (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>30 July 2022 (Saturday): Islamic New Year.<\/p>\n<p>Late July - 14 August 2022: 2Q2022 earnings season.<\/p>\n<p>6 October 2022 (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October 2022 (Saturday): Prophet Muhammad\u2019s birthday.<\/p>\n<p>18-20 October 2022 (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>Late October - 14 November 2022: 3Q2022 earnings season.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":555785,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-555784","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d9dae166-f188-4826-b1fa-dd8b9c6a0e17","teaser":"","photo_url":"https:\/\/ent.news\/2021\/11\/610.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>Introducing What\u2019s Next: An exclusive platform offering the visibility, advice and access to capital and ideas that you need to grow your business - 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\/introducing-whats-next-an-exclusive-platform-offering-the-visibility-advice-and-access-to-capital-and-ideas-that-you-need-to-grow-your-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introducing What\u2019s Next: An exclusive platform offering the visibility, advice and access to capital and ideas that you need to grow your business\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/introducing-whats-next-an-exclusive-platform-offering-the-visibility-advice-and-access-to-capital-and-ideas-that-you-need-to-grow-your-business\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T01:02:43+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\/610.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\/introducing-whats-next-an-exclusive-platform-offering-the-visibility-advice-and-access-to-capital-and-ideas-that-you-need-to-grow-your-business\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/introducing-whats-next-an-exclusive-platform-offering-the-visibility-advice-and-access-to-capital-and-ideas-that-you-need-to-grow-your-business\/\",\"name\":\"Introducing What\u2019s Next: An exclusive platform offering the visibility, advice and access to capital and ideas that you need to grow your business - 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