{"id":555896,"date":"2021-10-03T04:14:18","date_gmt":"2021-10-03T04:14:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=555896"},"modified":"2025-12-16T01:05:17","modified_gmt":"2025-12-16T01:05:17","slug":"e-finances-ipo-could-be-the-biggest-in-years-will-start-trading-on-18-october","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finances-ipo-could-be-the-biggest-in-years-will-start-trading-on-18-october\/","title":{"rendered":"e-Finance\u2019s IPO could be the biggest in years, will start trading on 18 October"},"content":{"rendered":"<section id=\"555898\" 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=\"555898\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/this-morning-we-should-be-inking-contracts-to-link-grids-with-saudi-this-week-nafeza-is-here\/\">\r\n                            THIS MORNING: We should be inking contracts to link grids with Saudi this week + Nafeza is here                        <\/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\/10\/03\/this-morning-we-should-be-inking-contracts-to-link-grids-with-saudi-this-week-nafeza-is-here\/\" 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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A <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91cf3226-5bd2-467e-bf88-05b55aad3330\">raft of<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91cf3226-5bd2-467e-bf88-05b55aad3330\">business relevant legislation<\/a> is on the agenda, from the Unified Budget Act, VAT amendments to a bill that would regulate the fintech space, lawmakers told us last week. Al Hayah Al Youm\u2019s Lobna Assal spoke to MP Amr Darwish yesterday, who gave her a rundown on what to expect from the legislative session (<a href=\"https:\/\/www.youtube.com\/watch?v=Tm-7Mg-TEVM&amp;ab_channel=AlHayahTVNetwork\">watch, runtime: 9:43<\/a>).<sup><\/sup><\/p><p><strong>We\u2019re kicking off a shortened <\/strong><strong>workweek<\/strong><strong> today<\/strong>, with the nation getting Thursday 7 October off in observance of Armed Forces Day. We can also expect to have a Thursday (or possibly Sunday) off later in the month thanks to the Prophet Muhammad\u2019s Birthday, which is formally observed on Monday, 18 October.<\/p><p><strong>Nafeza is here:<\/strong> The Customs Authority\u2019s new one-stop Advanced Cargo Information (ACI) platform graduated from a pilot into first-phase <a href=\"https:\/\/tinyurl.com\/2e539d5m\">implementation<\/a> on Friday, 1 October. Anyone who has not signed up for Nafeza can no longer clear imported goods out of customs at seaports.<\/p><p><strong>The rollout went ahead after delays <\/strong><strong>and <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10fa5156-9181-43fb-a1b5-94c82af47cd0\">calls<\/a><\/strong><strong> from the business community to postpone <\/strong><strong>yet further <\/strong>as they get to grips with the new process. For more on the hows and whys of the blockchain-based documentation system, read our explainer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9e2f68a-8c99-4750-b736-cbcdd6f65839\">here<\/a>.<\/p><p><strong>HAPPENING TODAY- A Hamas delegation headed by the group\u2019s leader, Ismail Haneyah, <\/strong><strong>will be in <\/strong><strong>Egypt later today, <\/strong>the <a href=\"https:\/\/www.jpost.com\/breaking-news\/hamas-delegation-headed-by-haniyeh-to-visit-egypt-on-sunday-680887\">Jerusalem Post<\/a> reports. The delegation, which will also include the movement\u2019s leader in Gaza Yahya Sinwar, will reportedly sit down with Egyptian officials to continue negotiations on a prisoner swap agreement with Israel.<\/p><p><strong>It\u2019s day two of <\/strong><strong><a href=\"https:\/\/alex.technesummit.com\/2021\">Techne Summit<\/a><\/strong>, with the three day investment and entrepreneurship event in Alexandria held under the auspices of the CIT ministry bringing together some 600 startups.<\/p><p><strong>Investment in Egyptian startups has more than doubled in 2021<\/strong>, rising to USD 390 mn year-to-date from USD 190 mn in 2020<strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/238890931614668\">CIT Minister Amr Talaat<\/a> said at the gathering yesterday.<\/p><p><strong>The Cairo International Fair continues today<\/strong> at the Cairo International Conference Center, running through 8 October.<\/p><p><strong>Egypt and Saudi Arabia are set to ink contracts to start linking their electricity <\/strong><strong>grids<\/strong> <strong>on 5 October<\/strong>, with implementation of the project set to begin in 2022, Electricity Minister Mohamed Shaker said Thursday at the inauguration of the test phase of the New Cairo electricity grid automatic control center, <a href=\"https:\/\/almalnews.com\/%D8%B4%D8%A7%D9%83%D8%B1-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%B9%D9%82%D9%88%D8%AF-%D8%A7%D9%84%D8%B1%D8%A8%D8%B7-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A-%D8%A8%D9%8A%D9%86-%D9%85%D8%B5\/\">Al Mal<\/a> reports. Separately, Shaker told <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=02102021&amp;id=3577494d-ee62-4dde-b318-9244bd6c1c27\">Al Shorouk<\/a> that the contracts would be signed \u201cwithin days.\u201d The Egyptian Electricity Transmission Company is expected to sign agreements governing cables, overhead lines, and transformer stations with their Saudi counterparts. The 3GW project is now set to become <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9db02a9e-375b-4bc9-b5cb-0817341e19a3\">operational in 2023<\/a>, after reportedly being delayed due to Saudi Arabia\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/21\/eetc-receives-new-route-for-usd-2-5-bn-egypt-saudi-electricity-project-3\/\">Neom project<\/a>.<\/p><p><strong>The final quarter of 2021 is here.<\/strong> Get these dates in your diary:<\/p><ul>\n<li><strong>PMI:<\/strong> September\u2019s purchasing managers\u2019 indexes for Egypt, Saudi Arabia and the UAE will land on <a href=\"https:\/\/ent.news\/2021\/9\/242837895_4382552781813922_5265194155531785330_n.jpg\">Tuesday, 5 October<\/a>.<\/li>\n<li><strong>The Senate will convene <\/strong>for its 2021-2022 legislative season on Tuesday, 5 October.<\/li>\n<li><strong>Foreign reserves:<\/strong> September\u2019s foreign reserves figures will be out sometime during the first week of October.<\/li>\n<li><strong>Public schools are back in session <\/strong>this coming Saturday.<\/li>\n<li><strong>Inflation:<\/strong> Inflation figures for September will be released on Sunday, 10 October.<\/li>\n<li><strong>IMF + World Bank meetings:<\/strong> The IMF and the World Bank will hold their <a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\">annual meetings<\/a> during the week beginning 11 October.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt will meet to review interest rates on Thursday, 28 October.<\/li>\n<\/ul><p><strong>SMART POLICY- CBE makes it easier for guardians to manage dependents\u2019 bank <\/strong><strong>accounts: <\/strong>Guardians of minors and other dependents are now permitted to open bank accounts and access statements on their behalf, as well as withdraw accrued interest and pensions without requiring approval for every withdrawal, according to <a href=\"https:\/\/ent.news\/2021\/10\/Circular-dated-30-September-2021-regarding-guardianship-of-minors-accounts.pdf\">a CBE circular (pdf)<\/a> out on Thursday. The CBE said the move aims to enhance financial inclusion, noting that women often manage bank affairs for dependents.<\/p><p>** <strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>THE BIG STORY ABROAD- Are you ready for a long, dark winter with no presents under the tree? <\/strong>That\u2019s how things are looking in many western economies, the global business press warns. Everyone from the <a href=\"https:\/\/www.ft.com\/content\/1e93fab0-916e-4697-be8a-af02bde94411\">Financial Times<\/a> to <a href=\"https:\/\/www.cbc.ca\/news\/business\/china-christmas-supply-chain-1.6195089?utm_source=pocket_mylist\">Canada\u2019s CBC<\/a> is flagging that \u201cChristmas shortages are now a certainty.\u201d At play: <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-02\/headwinds-mounting-for-world-economy-into-final-stretch-of-2021?srnd=premium-middle-east&amp;sref=mmeFTDW1\">kinks in the global supply chain and surging fuel and food costs<\/a><\/strong>, warns Bloomberg.<\/p><p><strong>The European natural gas squeeze seems to be getting worse: <\/strong>Algeria is signalling that it plans to shut down a pipeline that supplies Spain through Morocco \u2014 thanks to long-standing tensions between the two North African neighbors over Algeria\u2019s support for a Western Sahara secessionist group, the <a href=\"https:\/\/www.ft.com\/content\/8891811d-4c08-411b-843d-61716cf97400\">Financial Times<\/a> notes. <strong>Record high prices are <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43810271-f476-45f4-a10c-b256810304d8\">threatening a winter energy crisis<\/a><\/strong><strong> across the continent<\/strong>, with several European countries announcing support packages to cover households\u2019 skyrocketing electricity bills.<\/p><p><strong>And it could get much worse: <\/strong>A shortage of coal combined with a 15% increase in demand for power this year means China is <a href=\"https:\/\/www.ft.com\/content\/73c5aeb7-3d55-4405-97d5-ff44057855cc\">making a state-backed play<\/a> to secure as much of the world\u2019s natgas supplies as it can, following energy blackouts that forced a large number of companies to curb output.<\/p><p><strong>US legislators have one more month to pass a USD 1.2 tn spending bill <\/strong>after Congress passed an emergency measure over the weekend to continue funding federal road programs to avert a government shutdown, according to a <a href=\"https:\/\/www.speaker.gov\/newsroom\/10221\">press release<\/a> by Pelosi.<\/p><p><strong>MARKET WATCH-<\/strong><\/p><p><strong>Markets rollercoaster into the weekend: <\/strong>Volatility dominated the conversation at the end of last week, as the S&amp;P 500 registered its worst weekly performance since February, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-29\/asia-stocks-eye-steady-open-dollar-extends-rally-markets-wrap?sref=mmeFTDW1\">Bloomberg<\/a> reported. Stocks dropped on Thursday on the back of a laundry-list of worries spanning US budget drama, the upcoming Fed taper, high inflation, the global supply crisis, mounting energy shortages, Chinese regulatory restrictions, and the pandemic.<\/p><p><strong>Friday <\/strong><strong>saw a rebound<\/strong> on the back of high hopes for a reopening following the release of strong results for an experimental covid-19 drug and positive US economic indicators, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-30\/asian-stocks-set-to-follow-u-s-equities-lower-markets-wrap?sref=mmeFTDW1\">Bloomberg<\/a> reported.<\/p><p><strong>But we\u2019re far from out of the woods: <\/strong>The S&amp;P could see a \u201c5-7% pullback \u2026 at any time given we haven\u2019t had one in so long,\u201d one strategist told Bloomberg.<\/p><p><strong>** IN CASE YOU MISSED IT<\/strong> - Stories from Thursday\u2019s edition of <strong>EnterprisePM<\/strong>:<\/p><ul>\n<li><strong>The silver lining to global supply chain chaos:<\/strong> Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f02b825-8647-49af-8197-2f77f5303bd3\">could be one of the top beneficiaries<\/a> as Western fashion brands try to localize their supply chains and lower their reliance on their far-flung, low-cost manufacturing centers in Asia.<\/li>\n<li><strong>Fancy a trip to the metaverse?<\/strong> Facebook is trying to make sure it has as much control as possible over the next frontier: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f8584ee-f227-43cf-8d72-9d601d2b01e1\">the metaverse<\/a>.<\/li>\n<li><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6dc2b9c-dadf-4d1f-9ef0-f4b9f8802634\">Squid Game<\/a><\/strong><strong>:<\/strong> Go watch it.<\/li>\n<\/ul>\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\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-inclusion\/\">financial inclusion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nafeza\/\">Nafeza<\/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\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555899\" 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=\"555899\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/555899\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555899\" class=\"content-area-description single-story post-555899 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\/9\/Enterprise-Visual-Somabay-Golf-26-sep-21-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555900\" 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=\"555900\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/e-finance-could-fetch-egp-3-6-bn-in-upcoming-ipo-trading-to-start-18-october\/\">\r\n                            E-Finance could fetch EGP 3.6 bn in upcoming IPO, trading to start 18 October                        <\/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\/10\/03\/e-finance-could-fetch-egp-3-6-bn-in-upcoming-ipo-trading-to-start-18-october\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=E-Finance could fetch EGP 3.6 bn in upcoming IPO, trading to start 18 October&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/e-finance-could-fetch-egp-3-6-bn-in-upcoming-ipo-trading-to-start-18-october\/\">\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\/10\/03\/e-finance-could-fetch-egp-3-6-bn-in-upcoming-ipo-trading-to-start-18-october\/&title=E-Finance could fetch EGP 3.6 bn in upcoming IPO, trading to start 18 October\">\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=E-Finance+could+fetch+EGP+3.6+bn+in+upcoming+IPO%2C+trading+to+start+18+October+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Fe-finance-could-fetch-egp-3-6-bn-in-upcoming-ipo-trading-to-start-18-october%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\/10\/03\/e-finance-could-fetch-egp-3-6-bn-in-upcoming-ipo-trading-to-start-18-october\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/23.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555901\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/e-finance-could-fetch-egp-3-6-bn-in-upcoming-ipo-trading-to-start-18-october\/23-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/23.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"23.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/23.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/23.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555900\" class=\"content-area-description single-story post-555900 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-e-finance tag-egx tag-enterpriseam tag-fintech tag-ipo-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>State-owned fintech firm E-Finance is looking <\/strong><strong>to raise up to EGP 3.6 bn (USD 229.2 <\/strong><strong>mn)<\/strong><sup><\/sup><strong> from its upcoming IPO<\/strong> in what would be the biggest offering on the EGX in years<sup><\/sup>. The company has set an indicative price range of EGP 12.50-13.98 per share, according to <a href=\"https:\/\/ent.news\/2021\/9\/E-FINANCE-Price-Range-EN-3.pdf\">a<\/a><a href=\"https:\/\/ent.news\/2021\/9\/E-FINANCE-Price-Range-EN-3.pdf\">statement (pdf)<\/a><sup><\/sup> on Thursday, valuing the company at up to EGP 22.37 bn (USD 1.42 bn)<sup><\/sup>.<\/p>\n<p><strong>The sale:<\/strong> E-Finance will offer almost 258 mn shares to the public, 80 mn of which will be sold by existing shareholders and 177.8 mn will be new shares offered as part of a capital increase. The sale represents a 14.5% stake in the company; expect to learn more about the split between institutional and retail shareholders when the company prices the offering.<\/p>\n<p><strong>The timeline:<\/strong> Bookbuilding should finish on 9 October after which the company will announce the final IPO price. The retail offering will run from 6 October to 13 October. <strong>Trading will begin on 18 October. <\/strong><sup><\/sup><sup><\/sup><\/p>\n<p><strong>Regulator gives the all-clear:<\/strong> The Financial Regulatory Authority gave it final sign-off for the sale in September, the statement said.<\/p>\n<p><strong>The financials:<\/strong> The digital payments firm recorded net earnings of EGP 352 mn in 2020, up 30% from 2019, according to figures included in its intention to float. Its top line, meanwhile, grew to EGP 1.2 bn last year, good for a 2018-2020 CAGR of 30%; profits grew at a CAGR of just over 41% in the same period. The company looks set to beat that growth rate again this year if its 2021 figures are anything to go by, reporting EGP 276 mn in net earnings in 1H2021 on EGP 904 mn in revenues.<\/p>\n<p><strong>Future plans:<\/strong> The proceeds of the IPO will be used to fund the company\u2019s expansion, including in its tax services business E-Tax and a newly-formed digital health services platform E-Health, Chairman Ibrahim Sarhan <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3268363-d640-4687-86e4-63f078ce4c44\">told us last week<\/a><\/p>\n<p><strong>Advisors:<\/strong> Renaissance Capital, CI Capital and Al Ahly Pharos are quarterbacking the transaction as co-lead managers. NI Capital is acting as the IPO advisor for the listing. Zaki Hashem & Partners has been appointed as counsel to e-Finance, while Norton Rose Fulbright is acting as US counsel to the co-lead managers. Inktank is the investor relations advisor.<\/p>\n<p><strong>A litmus test:<\/strong> Other companies readying themselves to go public on the EGX will be watching E-Finance\u2019s IPO closely. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2288438-1757-4a28-b7a4-8060a362753b\">Ebtikar<\/a> has said it could make its debut this quarter while <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75b46198-eeb9-4f78-81cf-25219caf31c2\">Macro Group<\/a>, which postponed its IPO in April, is also waiting in the wings. EGX boss Mohamed Farid had expected 5-6 IPOs this year, after delays in 2020 thanks to the pandemic.<\/p>\n<p><strong>This will be the EGX\u2019s second IPO of 2021<\/strong>, following higher education outfit <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/efe90c27-9d82-4363-b78d-b70a052f2cd7\">Taaleem\u2019s debut<\/a> in April. LSE-listed healthcare player <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48ddada3-0016-47a8-a9e6-201cb9d0cca7\">IDH<\/a> also completed a technical listing, transferring 5% of its shares from London to the EGX in May.<\/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\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555902\" 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=\"555902\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/efg-hermes-eyes-minority-stake-in-spanish-ignis-energia\/\">\r\n                            EFG Hermes eyes minority stake in Spanish Ignis Energia                        <\/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\/10\/03\/efg-hermes-eyes-minority-stake-in-spanish-ignis-energia\/\" 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\/10\/03\/efg-hermes-eyes-minority-stake-in-spanish-ignis-energia\/')\">\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\/10\/03\/efg-hermes-eyes-minority-stake-in-spanish-ignis-energia\/\">\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=EFG Hermes eyes minority stake in Spanish Ignis Energia&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/efg-hermes-eyes-minority-stake-in-spanish-ignis-energia\/\">\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\/10\/03\/efg-hermes-eyes-minority-stake-in-spanish-ignis-energia\/&title=EFG Hermes eyes minority stake in Spanish Ignis Energia\">\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=EFG+Hermes+eyes+minority+stake+in+Spanish+Ignis+Energia+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Fefg-hermes-eyes-minority-stake-in-spanish-ignis-energia%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\/10\/03\/efg-hermes-eyes-minority-stake-in-spanish-ignis-energia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/24.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555903\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/efg-hermes-eyes-minority-stake-in-spanish-ignis-energia\/24-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/24.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"24.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/24.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/24.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555902\" class=\"content-area-description single-story post-555902 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-efg-hermes tag-energy tag-enterpriseam tag-ma-watch tag-renewable-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>EFG Hermes is in talks to acquire a significant minority stake in Spanish <\/strong><strong>renewable energy company Ignis Energia<\/strong> in a transaction that would value it at around EUR 1 bn, Spanish newspaper <a href=\"https:\/\/www.expansion.com\/empresas\/energia\/2021\/09\/30\/6154d1b5e5fdeaf7148b4677.html\">Expansion<\/a>reported Thursday. EFG is reportedly looking to purchase 45-49% of the company through a capital increase, an agreement that would allow Ignis to proceed with 3 GW of new developments. EFG Hermes declined to comment when we reached out last week.<\/p>\n<p><strong>Ignis Energia is one of Spain\u2019s largest solar energy companies:<\/strong> As of last year, the company had 14.2 GW of renewables under development and 2.9 GW of assets under management, according to its website.<\/p>\n<p><strong>EFG Hermes isn\u2019t a stranger to the renewable energy sector: <\/strong>Its private equity arm sponsors and manages Vortex Energy, an investment platform that targets renewable energy investments. Vortex\u2019 fourth fund, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86c5a819-d5d5-4755-af2f-c9bbfdb504e8\">Vortex Energy IV<\/a> was looking at a wind and solar energy developer in Spain, Karim Moussa told us this past summer. Moussa is head of private equity and asset management at EFG Hermes and CEO of Vortex Energy. Moussa said the fund was also looking at potential transactions in Poland, Greece, the UK and the US.<\/p>\n<p><strong>All of Ignis could eventually be on the auction block:<\/strong> Expansion <a href=\"https:\/\/renewablesnow.com\/news\/spains-ignis-offering-stake-to-raise-money-for-3-gw-of-renewables-report-745936\/\">reported earlier this year<\/a> that Ignis was looking to sell a minority stake to fund the developments, and had hired Citigroup to help it find a partner. The company was reportedly looking for EUR 500 mn investment, and is open to allowing the investor to eventually buy out the entire company.<\/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\/efg-hermes\/\">EFG Hermes<\/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\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555904\" 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=\"555904\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/how-will-egypt-fare-when-the-fed-starts-to-taper\/\">\r\n                            How will Egypt fare when the Fed starts to taper?                        <\/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\/10\/03\/how-will-egypt-fare-when-the-fed-starts-to-taper\/\" 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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A tighter US policy could leave emerging markets vulnerable to a drop in foreign inflows as risk-averse managers seek safer returns in the US. That said, Egypt\u2019s strong foreign reserves, fast-growing economy, and a switch to longer-term maturities in recent years mean Egypt is best-placed among EM to weather a potential storm. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-30\/seven-charts-show-egypt-s-debt-dilemma-ahead-of-fed-tapering?sref=mmeFTDW1\">Bloomberg<\/a> has a full, chart-based rundown of the strengths and pressure points to watch out for as Egypt\u2019s fixed-income market transitions into the post-covid-recovery economy.<\/p>\n<p><strong>High real rates mean high inflows \u2014 and greater exposure to volatility: <\/strong>Egypt offers one of the world\u2019s highest inflation-adjusted rates, leading to a boom in foreign holdings of Egyptian debt, which hit a record USD 33.3 bn at the start of August, Bloomberg writes. High inflows have helped the state finance spending \u2014 but a reliance on foreign investors leaves us vulnerable to volatility in the fixed-income markets, while elevated rates mean the cost of debt service is also comparatively high. A hike in global rates may see Egypt pressured to pay out higher yields to stem the outflows.<\/p>\n<p><strong>We\u2019re positioned to avoid the worst of an EM sell-off: <\/strong>Historically, global rate movements haven\u2019t had much impact on the local picture, Shamaila Khan, head of emerging-market debt at AllianceBernstein in New York, told Bloomberg. \u201cIf other emerging markets are pressured, I would expect Egypt to still perform well on a relative basis,\u201d she said. On debt service, S&P said the government has made \u201cnotable progress\u201d in lowering the burden. The proportion of the state budget allocated to debt service was down to 36% as of June from 40% a year before, with a target of 32% by June 2022, Finance Minister Mohamed Maait has said. Meanwhile, a turn toward offering longer-term debt instruments \u2014 the average maturity has doubled since 2013 to reach 3.26 years \u2014 may help insulate the country from a shock sell-off.<\/p>\n<p><strong>Strong FX reserves are key: <\/strong>Net international foreign exchange reserves have held fast at USD 40.7 bn, creating \u201cgood buffers to deal with any potential capital outflows,\u201d said Ahmed Hafez, MENA head of research Renaissance Capital, who added that the improving real economy \u2014 including tourism \u2014 will also help bolster Egypt\u2019s position.<\/p>\n<p><strong>Real economic growth is outpacing the rise in debt: <\/strong>GDP continued to rise during the pandemic, albeit at a slower pace than before, proving the country\u2019s resilience as developed nations and peers in the oil-reliant Gulf took a harder hit. The economy grew at a 3.3% clip in the 2020\/2021 fiscal year, with a target to rebound to pre-pandemic growth levels of 5.5% this FY. Strong growth has tempered the impact of rising debt: while the debt-to-GDP ratio ticked up as the result of the pandemic to 90.6% in June 2020 from 87.4% a year before, it is expected to return to a years-long declining trend come 2022.<\/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\/asset-management\/\">asset management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-federal-reserve\/\">US Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555906\" 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=\"555906\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/egypt-receives-its-first-1-6-mn-batch-of-pfizer-vaccines\/\">\r\n                            Egypt receives its first 1.6 mn batch of Pfizer vaccines                        <\/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\/10\/03\/egypt-receives-its-first-1-6-mn-batch-of-pfizer-vaccines\/\" 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\/10\/03\/egypt-receives-its-first-1-6-mn-batch-of-pfizer-vaccines\/')\">\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\/10\/03\/egypt-receives-its-first-1-6-mn-batch-of-pfizer-vaccines\/\">\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 receives its first 1.6 mn batch of Pfizer vaccines&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/egypt-receives-its-first-1-6-mn-batch-of-pfizer-vaccines\/\">\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\/10\/03\/egypt-receives-its-first-1-6-mn-batch-of-pfizer-vaccines\/&title=Egypt receives its first 1.6 mn batch of Pfizer vaccines\">\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+receives+its+first+1.6+mn+batch+of+Pfizer+vaccines+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Fegypt-receives-its-first-1-6-mn-batch-of-pfizer-vaccines%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\/10\/03\/egypt-receives-its-first-1-6-mn-batch-of-pfizer-vaccines\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/26.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555907\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/egypt-receives-its-first-1-6-mn-batch-of-pfizer-vaccines\/26-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/26.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"26.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/26.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/26.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555906\" class=\"content-area-description single-story post-555906 post type-post status-publish format-standard has-post-thumbnail hentry category-covid-watch tag-covax tag-covid-19 tag-enterpriseam tag-gavi tag-pfizer tag-us 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 received 1.6 mn doses of Pfizer vaccine as a gift from the US last <\/strong><strong>Thursday <\/strong>under the Gavi \/ Covax program, the <a href=\"https:\/\/bit.ly\/3itj7Bw\">Health Ministry<\/a> and <a href=\"https:\/\/eg.usembassy.gov\/united-states-donates-1-6-million-covid-19-pfizer-vaccines-to-egypt\/\">the US embassy<\/a> said in statements on Thursday. This is the first batch of a total 5 mn Pfizer doses that we will be receiving from the US. There was no indication of when the next shipments would be dispatched. The ministry <a href=\"https:\/\/bit.ly\/3B51nnu\">also confirmed<\/a> that it had received 100k+ doses of AstraZeneca <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0a25186-b88c-4823-9af1-6203bb43f4c6\">sent by Poland<\/a> last week.<\/p>\n<p><strong>The vaccine shipments are coming thick and fast:<\/strong> Including the Pfizer shipment, Egypt has received around 10 mn vaccines in the past two weeks alone, including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0a25186-b88c-4823-9af1-6203bb43f4c6\">5.4 mn doses<\/a> of Sinopharm, <a href=\"https:\/\/sis.gov.eg\/Story\/159210\/Health-minister-Egypt-has-received-2.3-mn-AstraZeneca-doses-from-Germany?lang=en-us\">2.3 mn<\/a> AstraZeneca doses from Germany, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a921264-364b-464a-933b-6326b8b5430a\">almost 550k<\/a> of the same jab from France.<\/p>\n<p><strong>The Health Ministry reported 761 new covid-19 infections yesterday<\/strong>, up from 745 the day before. Egypt has now disclosed a total of 306,030 confirmed cases of covid-19. The ministry also reported 32 new deaths, bringing the country\u2019s total death toll to 17,399.<\/p>\n<p><strong>FROM THE REGION- Residents of Saudi Arabia will not be allowed into public and private sector <\/strong><strong>institutions starting 10 October unless they\u2019re full vaccinated,<\/strong> the Saudi Human Resources and Social Development Ministry <a href=\"https:\/\/twitter.com\/HRSD_SA\/status\/1444373532020981764\">said<\/a> over the weekend. Those who have not been fully vaccinated will also not be allowed into malls, cultural institutions, sporting events, and entertainment venues.<\/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\/covax\/\">Covax<\/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\/gavi\/\">GAVI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555908\" 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=\"555908\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/another-petchem-complex-in-the-sczone\/\">\r\n                            Another petchem complex in the SCZone                        <\/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\/10\/03\/another-petchem-complex-in-the-sczone\/\" 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\/10\/03\/another-petchem-complex-in-the-sczone\/')\">\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\/10\/03\/another-petchem-complex-in-the-sczone\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Another petchem complex in the SCZone&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/another-petchem-complex-in-the-sczone\/\">\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\/10\/03\/another-petchem-complex-in-the-sczone\/&title=Another petchem complex in the SCZone\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Another+petchem+complex+in+the+SCZone+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Fanother-petchem-complex-in-the-sczone%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\/10\/03\/another-petchem-complex-in-the-sczone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/27.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555909\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/another-petchem-complex-in-the-sczone\/27-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/27.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"27.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/27.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/27.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555908\" class=\"content-area-description single-story post-555908 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-anchorage-investments tag-enterpriseam tag-investment-watch tag-suez-canal-economic-zone wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Anchorage Investments is looking to build a USD 2.5 bn petrochemical <\/strong><strong>complex in the Suez Canal Economic Zone (SCZone)<\/strong>, according to a company <a href=\"https:\/\/ent.news\/2021\/9\/Anchorage-Investments-PRL-English.pdf\">statement (pdf)<\/a>. The company will produce a range of petrochemical products and natural gas derivatives, including propylene and polypropylene, and will look to gradually increase the number of products.<\/p>\n<p><strong>When will the plant be operational?<\/strong> Project construction is expected to take 36 months once funding is secured, according to a project profile seen by Enterprise. The USD 2.5 bn project will be financed 70% through debt and 30% through equity. <sup><\/sup><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/anchinv.com\/anchor-benitoite\/\">Anchor Benitoite project<\/a><\/strong><strong> will be competing with perhaps the largest petchem facility on the continent:<\/strong> State-owned Red Sea National Refining and Petrochemicals Company is establishing what it says will be the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec9bd65a-8d63-4acc-8484-f12fdf5292aa\">largest petrochemicals refinery in Africa and the Middle East<\/a> in the Ain Sokhna industrial zone. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b5a4e24-d736-41b6-b4a6-f4ab2e674e5f\">Bechtel is on board<\/a> to design and construct the USD 7.5 bn facility which will span 3.56 mn sqm and produce petroleum products including polyethylene, polypropylene, polyester.<\/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\/anchorage-investments\/\">Anchorage Investments<\/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\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/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=\"555910\" 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=\"555910\">\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\">Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/france-offers-eur-100-mn-in-funding-for-wholesale-market\/\">\r\n                            France offers EUR 100 mn in funding for wholesale market                        <\/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\/10\/03\/france-offers-eur-100-mn-in-funding-for-wholesale-market\/\" 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\/10\/03\/france-offers-eur-100-mn-in-funding-for-wholesale-market\/')\">\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\/10\/03\/france-offers-eur-100-mn-in-funding-for-wholesale-market\/\">\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=France offers EUR 100 mn in funding for wholesale market&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/france-offers-eur-100-mn-in-funding-for-wholesale-market\/\">\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\/10\/03\/france-offers-eur-100-mn-in-funding-for-wholesale-market\/&title=France offers EUR 100 mn in funding for wholesale market\">\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=France+offers+EUR+100+mn+in+funding+for+wholesale+market+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Ffrance-offers-eur-100-mn-in-funding-for-wholesale-market%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\/10\/03\/france-offers-eur-100-mn-in-funding-for-wholesale-market\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/28.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"555911\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/france-offers-eur-100-mn-in-funding-for-wholesale-market\/28-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/28.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"28.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/28.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/28.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555910\" class=\"content-area-description single-story post-555910 post type-post status-publish format-standard has-post-thumbnail hentry category-commodities tag-commodities tag-enterpriseam tag-france tag-french-development-agency tag-supply-ministry tag-wheat 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>Egypt has secured EUR 100 mn funding from France to establish a wholesale <\/strong><strong>market in Borg El Arab<\/strong>, the Supply Ministry said in a <a href=\"https:\/\/bit.ly\/3A3R9m7\">statement<\/a> following a visit to France by Minister Ali Moselhy on Friday. The market, which is being financed by the French Development Agency (AFD), will be up and running within two years, the statement said. The money is part of the EUR 3.8 bn in agreements and contracts signed with France in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e568b923-fc79-474a-86c5-3642cde47c98\">June<\/a>.<\/p>\n<p><strong>The French Development Agency is studying the development of 14 wholesale wheat markets<\/strong> to strengthen the country\u2019s food security, the ministry said in another <a href=\"https:\/\/bit.ly\/3F5MZhf\">statement<\/a>. France will select an expert to prepare an economic feasibility study for running the project during this month and will form an Egyptian-French joint company accordingly to manage the wholesale market. French market <a href=\"https:\/\/www.rungisinternational.com\/en\/\">Rungis<\/a> could contribute in providing infrastructure, human resources, and control systems, according to a third ministry <a href=\"https:\/\/www.facebook.com\/msitgovegypt\/posts\/202565491971352\">statement<\/a>.<\/p>\n<p><strong>Diversifying supplies, cutting costs:<\/strong> Moselhy discussed the ministry\u2019s ambitions to diversify wheat imports, and said that one of the biggest barriers to increasing purchases of French wheat is the shipping costs, which remain higher than for shipments from Russia, Ukraine and Romania. Egypt is the largest wheat importer in the world, and is overly reliant on supplies from the Black Sea region, the reliability of which is uncertain as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/638e31d6-db6e-4d49-8cc0-312137e7c427\">Russia\u2019s export tariffs impact production<\/a>.<\/p>\n<p><strong>More talks next week:<\/strong> Officials will hold further talks this week about reducing the shipping costs of French wheat, the statement said. One proposal on the table involves using Egypt\u2019s National Navigation Company, it said, without disclosing further information.<\/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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/french-development-agency\/\">French Development Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-ministry\/\">Supply Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555912\" 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=\"555912\">\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\">Capital markets<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/yet-another-efg-brokerage-chart-topping-month\/\">\r\n                            (Yet) Another EFG brokerage chart-topping month                        <\/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\/10\/03\/yet-another-efg-brokerage-chart-topping-month\/\" 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\/10\/03\/yet-another-efg-brokerage-chart-topping-month\/')\">\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\/10\/03\/yet-another-efg-brokerage-chart-topping-month\/\">\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=(Yet) Another EFG brokerage chart-topping month&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/yet-another-efg-brokerage-chart-topping-month\/\">\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\/10\/03\/yet-another-efg-brokerage-chart-topping-month\/&title=(Yet) Another EFG brokerage chart-topping month\">\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=%28Yet%29+Another+EFG+brokerage+chart-topping+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Fyet-another-efg-brokerage-chart-topping-month%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\/10\/03\/yet-another-efg-brokerage-chart-topping-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555912\" class=\"content-area-description single-story post-555912 post type-post status-publish format-standard hentry category-capital-markets tag-capital-markets tag-efg-hermes tag-egx tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EFG Hermes has, once again, topped the EGX\u2019s brokerage league table, <\/strong>with a market share of 17.6% in September, according to the EGX\u2019s latest <a href=\"https:\/\/ent.news\/2021\/10\/Periodicals-Monthly-Ranking-of-Brokerage-Firms-Ar.pdf\">brokerage firm rankings (pdf)<\/a>. Rounding out the top five: Arabeya Online (12.9%) Beltone (7.6%) Pioneers (4.2%) and Mubasher (4.1%).<\/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\/capital-markets\/\">capital markets<\/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\/egx\/\">EGX<\/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=\"555913\" 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=\"555913\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/contact-ceo-said-zater-to-chair-consumer-finance-federation-bahaa-elshafie-named-vice-chairman-at-banque-du-caire\/\">\r\n                            Contact CEO Said Zater to chair Consumer Finance Federation, Bahaa Elshafie named vice chairman at Banque du Caire                        <\/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\/10\/03\/contact-ceo-said-zater-to-chair-consumer-finance-federation-bahaa-elshafie-named-vice-chairman-at-banque-du-caire\/\" 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\/10\/03\/contact-ceo-said-zater-to-chair-consumer-finance-federation-bahaa-elshafie-named-vice-chairman-at-banque-du-caire\/')\">\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\/10\/03\/contact-ceo-said-zater-to-chair-consumer-finance-federation-bahaa-elshafie-named-vice-chairman-at-banque-du-caire\/\">\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=Contact CEO Said Zater to chair Consumer Finance Federation, Bahaa Elshafie named vice chairman at Banque du Caire&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/contact-ceo-said-zater-to-chair-consumer-finance-federation-bahaa-elshafie-named-vice-chairman-at-banque-du-caire\/\">\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\/10\/03\/contact-ceo-said-zater-to-chair-consumer-finance-federation-bahaa-elshafie-named-vice-chairman-at-banque-du-caire\/&title=Contact CEO Said Zater to chair Consumer Finance Federation, Bahaa Elshafie named vice chairman at Banque du Caire\">\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=Contact+CEO+Said+Zater+to+chair+Consumer+Finance+Federation%2C+Bahaa+Elshafie+named+vice+chairman+at+Banque+du+Caire+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Fcontact-ceo-said-zater-to-chair-consumer-finance-federation-bahaa-elshafie-named-vice-chairman-at-banque-du-caire%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\/10\/03\/contact-ceo-said-zater-to-chair-consumer-finance-federation-bahaa-elshafie-named-vice-chairman-at-banque-du-caire\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555913\" class=\"content-area-description single-story post-555913 post type-post status-publish format-standard hentry category-moves tag-banking tag-banque-du-caire tag-enterpriseam tag-moves tag-qnb-alahli 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> Contact CEO and managing director <strong>Said Zater<\/strong> (<a href=\"https:\/\/www.linkedin.com\/in\/said-zater-aa1345b6\/?originalSubdomain=eg\">LinkedIn<\/a>) has been elected <strong>chairman<\/strong> of the <strong>Consumer Finance Federation<\/strong>, according to <a href=\"https:\/\/ent.news\/2021\/10\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A-%D9%84%D8%A5%D9%86%D8%AA%D8%AD%D8%A7%D8%A8%D8%A7%D8%AA-%D8%A5%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D8%A5%D8%B3%D8%AA%D9%87%D9%84%D8%A7%D9%83%D9%8A_2.pdf\">a statement (pdf)<\/a>. CEO of Al Mansour Automotive Hisham Abouldahab (<a href=\"https:\/\/www.linkedin.com\/in\/hisham-abouldahab-4abaab27\/?originalSubdomain=eg\">LinkedIn<\/a>) was chosen as the deputy chair.<\/p>\n<p><strong>Bahaa Elshafie<\/strong> (<a href=\"https:\/\/eg.linkedin.com\/in\/bahaa-elshafie-66662070\">LinkedIn<\/a>) has been appointed the <strong>vice chairman<\/strong> at <strong>Banque du <\/strong><strong>Caire<\/strong> as of the beginning of October, <a href=\"https:\/\/bit.ly\/39WxAkU\">Hapi Journal<\/a> reports. Elshafie has over three decades of experience working at QNB Al Ahli, most recently serving as the head of corporate and investment banking.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-du-caire\/\">Banque du Caire<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qnb-alahli\/\">QNB Alahli<\/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=\"555914\" 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=\"555914\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/555914\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555914\" class=\"content-area-description single-story post-555914 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\/7\/Sodic-June-MV-Roller-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555915\" 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=\"555915\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/el-sisis-sitdown-with-judiciary-in-the-spotlight-on-the-airwaves\/\">\r\n                            El Sisi\u2019s sitdown with judiciary in the spotlight on the airwaves                        <\/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\/10\/03\/el-sisis-sitdown-with-judiciary-in-the-spotlight-on-the-airwaves\/\" 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\/10\/03\/el-sisis-sitdown-with-judiciary-in-the-spotlight-on-the-airwaves\/')\">\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\/10\/03\/el-sisis-sitdown-with-judiciary-in-the-spotlight-on-the-airwaves\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi\u2019s sitdown with judiciary in the spotlight on the airwaves&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/el-sisis-sitdown-with-judiciary-in-the-spotlight-on-the-airwaves\/\">\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\/10\/03\/el-sisis-sitdown-with-judiciary-in-the-spotlight-on-the-airwaves\/&title=El Sisi\u2019s sitdown with judiciary in the spotlight on the airwaves\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi%E2%80%99s+sitdown+with+judiciary+in+the+spotlight+on+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Fel-sisis-sitdown-with-judiciary-in-the-spotlight-on-the-airwaves%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\/10\/03\/el-sisis-sitdown-with-judiciary-in-the-spotlight-on-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555915\" class=\"content-area-description single-story post-555915 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-enterpriseam tag-judiciary tag-last-nights-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi\u2019s sit-down with the nation\u2019s judges<\/strong> on the occasion of Egyptian Judiciary Day headlined talk shows last night. The president chaired a meeting of the Supreme Council for Judicial Bodies, delivering a speech in which he upheld the principle of \u201cnon-interference\u201d in the affairs of the judiciary as a golden rule. Al Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=oRvhyCxpVOw&ab_channel=MBC%D9%85%D8%B5%D8%B1\">watch, runtime: 5:02<\/a>), Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=MgGDIF4zaAo&ab_channel=%D9%83%D9%84%D9%85%D8%A9%D8%A3%D8%AE%D9%8A%D8%B1%D8%A9%D9%85%D8%B9%D9%84%D9%85%D9%8A%D8%B3%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF%D9%8A\">watch, runtime: 5:19<\/a>), Al Hayah Al Youm\u2019s Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=Q9jYFPETm5s&ab_channel=AlHayahTVNetwork\">watch, runtime: 3:43<\/a>), and Sada El Balad (<a href=\"https:\/\/www.youtube.com\/watch?v=KVjgLEaKkmQ&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\">watch, runtime: 1:32<\/a>) all had coverage.<\/p>\n<p><strong>El Hadidi noted that this is the first Judiciary Day since women were allowed to serve as judges,<\/strong> noting El Sisi\u2019s statement that Egypt now has 11 female judges nationwide (<a href=\"https:\/\/youtu.be\/LFGgvIDttrI?t=72\">watch, runtime: 2:22<\/a>).<\/p>\n<p><strong>El Sisi also paid tribute to the families of judges that had been targeted by terrorist attacks in recent years<\/strong>, including assasinated prosecutor general Hisham Barakat (<a href=\"https:\/\/www.youtube.com\/watch?v=NolK3KIZUII&ab_channel=CBCEgypt\">watch, runtime: 4:59<\/a>). The president also separately awarded an honorable mention to former interim president and chief justice Adly Mansour, who Adib praised for his role in contributing to political stability following the 2011 revolution (<a href=\"https:\/\/youtu.be\/oRvhyCxpVOw?t=10\">watch, runtime: 5:02<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/judiciary\/\">judiciary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555916\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll 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href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 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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=\"555917\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/the-latest-on-the-arrest-of-juhaynas-founder-ceo\/\">\r\n                            The latest on the arrest of Juhayna\u2019s founder, CEO                        <\/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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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/the-latest-on-the-arrest-of-juhaynas-founder-ceo\/&title=The latest on the arrest of Juhayna\u2019s founder, CEO\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+latest+on+the+arrest+of+Juhayna%E2%80%99s+founder%2C+CEO+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Fthe-latest-on-the-arrest-of-juhaynas-founder-ceo%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\/10\/03\/the-latest-on-the-arrest-of-juhaynas-founder-ceo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555917\" class=\"content-area-description single-story post-555917 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-cia tag-enterpriseam tag-lebanon wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a quiet weekend in the foreign press<\/strong>, with the sole story of note being a <a href=\"https:\/\/www.reuters.com\/world\/africa\/egyptian-authorities-say-they-blocked-brotherhood-financing-scheme-2021-09-30\/\">Reuters<\/a> piece reporting that \u201cEgyptian authorities said on Thursday they had blocked a scheme aimed at financing the outlawed Muslim Brotherhood\u201d and \u201calleged a link to Juhayna founder Safwan Thabet,\u201d who remains in detention along with CEO Seif Thabet. \u201cThe Thabet family have denied any wrongdoing in statements on social media,\u201d the story added.<\/p>\n<p><strong>ELSEWHERE-<\/strong> A <a href=\"https:\/\/brook.gs\/2Y8OfiG\">Brookings<\/a> piece by CIA analyst Bruce Riedel on how the implications of Anwar El Sadat\u2019s assasination on the Middle East \u2014 from the creation of Hezbollah to the rise of the most wanted terrorist Ayman Al Zawahiri \u2014 are still unfolding 40 years after his death. Riedel outlines predictions he made in a paper published at that time on the prospects for succession if Sadat was killed \u2014 all of which came true.<\/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\/cia\/\">CIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lebanon\/\">Lebanon<\/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=\"555918\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555919\" 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=\"555919\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/kharafi-national-lands-egp-1-2-bn-syndicated-loan\/\">\r\n                            KHarafi National lands EGP 1.2 bn syndicated loan                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/kharafi-national-lands-egp-1-2-bn-syndicated-loan\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The syndicate also includes the Export Development Bank of Egypt, the Arab Investment Bank, Industrial Development and Workers Bank and Al Baraka Bank Egypt.<\/p><p><strong>The untold story of the government\u2019s court battle with an Egyptian-turned-Finnish <\/strong><strong>mining investor:<\/strong> Egypt has requested that a US Federal court to stay proceedings on a lawsuit filed against it by embattled mining investor Mohamed Abdel Raouf Bahgat. Bahgat recently took to litigation in order to enforce a USD 115 mn arbitral award he had won against the government in 2019 over the loss of his business and his imprisonment a decade ago, according to <a href=\"https:\/\/www.law360.com\/internationalarbitration\/articles\/1426822\/-115m-fight-with-iron-ore-investor-isn-t-over-yet-egypt-says\">Law360<\/a>.<\/p><p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p><ul>\n<li><strong>Banque Misr has a potential pipeline of 39 syndicated agreements worth up to EGP 124 bn <\/strong>\u2014 with its <a href=\"https:\/\/ent.news\/2021\/10\/Banque-Misr-statement-02.10.2021.pdf\">own contribution (pdf)<\/a> amounting to EGP 42 bn and covering financing for real estate, tourism, transport, oil and gas, petrochemicals, electricity, education, and automotives.<\/li>\n<li><strong>Qatar Airways to <\/strong><strong>increase flights to Egypt:<\/strong> The airline increased the number of flights between Doha and Cairo to three a day on 1 October \u2014 and will begin a new 2x weekly route between Doha and Sharm El Sheikh on 3 December. The carrier will also resume 4x weekly trips to Luxor on 23 November.<\/li>\n<li><strong>The EDA has <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/238018835035211?__cft__%5B0%5D=AZVkduM8oLUS8lRcvLEDYRuOTcT9cH995Xk5W5PmanpWBjum78CqgA_QYXiTIpxuqHLRY2Gl5wLgtjQVOmk_iZPBI1hYVwNE3KZaocvrDi5lWe7HHZ7MVUs0YqXbbYLs6kwm3MpW8sA3S3egtkIZK9Vg8UyH38qPoHwZR7dLoPCbHw&amp;__tn__=%2CO%2CP-R\">introduced new quality standards<\/a><\/strong><strong> for <\/strong><strong>pharma products<\/strong> to ensure their safety.<\/li>\n<li><strong>Land freight heading into Sudan has been <\/strong><strong><a href=\"https:\/\/alborsaanews.com\/2021\/10\/01\/1466850\">suspended<\/a><\/strong> since 27 September after protesters blocked the road to Khartoum, trapping hundreds of vehicles including a dozen Egyptian trucks.<\/li>\n<li><strong>Egyptian Iron and Steel <\/strong>will pay its former workers EGP 14k for each year worked \u2014 with a cap of EGP 450k \u2014 <strong>under the terms of an <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/10\/%D8%A8%D9%8A%D8%A7%D9%86-%D8%B5%D8%AD%D9%81%D9%8A.docx.pdf\">agreement (pdf)<\/a><\/strong> reached as part of the state-owned company\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10194695-2331-4eae-ba4a-97a700f9070f\">liquidation process<\/a>.<\/li>\n<\/ul>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-drug-authority\/\">Egyptian Drug Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar-airways\/\">Qatar Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saib-bank\/\">SAIB Bank<\/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=\"555920\" 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=\"555920\">\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\/10\/03\/forget-about-crypto-central-banks-are-worried-about-their-own-digital-currencies\/\">\r\n                            Forget about crypto \u2014 central banks are worried about their own digital currencies                        <\/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\/10\/03\/forget-about-crypto-central-banks-are-worried-about-their-own-digital-currencies\/\" 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 report\u2019s authors suggest that during future crises depositors could see digital currencies safe haven assets, resulting in increased flight from banks and more liquidity stress. It is also possible that investors begin to put more of their capital into digital currencies and less into other low-risk assets such as treasuries and money market funds, potentially pushing up yields in the money markets.<\/p><p><strong>The era of national digital currencies is getting closer:<\/strong> China is getting closer and closer to issuing its digital yuan on a national level, and this is pushing other central banks around the world to think about issuing their own digital currencies. The Federal Reserve, the European Central Bank and the Bank of Japan are all considering moving forward with digital versions of their own national currencies.<\/p><p><strong>CLOSER TO HOME-<\/strong> <strong>The institutional allocation of <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2c026be-a09a-4fab-a0aa-879114380e56\">ACWA Power\u2019s IPO<\/a><\/strong><strong> was nearly 248x <\/strong><strong>oversubscribed <\/strong>as investors lined up for a piece of the Saudi renewable energy player, reports <a href=\"https:\/\/www.cnbcarabia.com\/news\/view\/89248\">CNBC Arabia<\/a>. The Saudi outfit \u2014 which has operations here in Egypt \u2014 is set to raise USD 1.2 bn from the sale of an 11.1% stake. Our friends at EFG Hermes KSA are bookrunners on the transaction alongside Emirates NBD Capital and FAB.<\/p><p><strong>Also from the kingdom: Saudi\u2019s sovereign debt just got a major boost: <\/strong>Saudi Arabia\u2019s sukuk will as of next April be included in the FTSE\u2019s local currency Emerging Markets Government Bond Index, giving KSA\u2019s sovereign debt better visibility with money managers, Saudi\u2019s Tadawul <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/tadawul\/about\/media\/mediacenter.pressrelease\/!ut\/p\/z1\/pc9NCsIwEAXgs_QAkkma1LiMEZtgba21P2YjWUlAq4h4fmNwaxSc3cD34D1k0IDMaB_uaO_uMtqT__cmO-hNTrHmZFU1TEAt8QIzWWGgGeoDIERyPKNQ5LqcgqiF6pbdLoUqReafPNDf8vDhBHzPm0BKVUgFnnAKvsF63uCt6lIg7A1iE6PgtSGASMnG3tD13LYDOD0RSfIEgoVMtA!!\/p0\/IZ7_IPG41I82K0V5B0QCJCRIU71006=CZ6_IPG41I82KOS5A0QC1D15CO1046=LA0=\/?operation=SHOW_PRESS_DETAIL&amp;pressID=57&amp;pageView=SHOW_PRESS_DETAIL&amp;daterange=&amp;datePeriod=-1&amp;textSearch=\">announced<\/a> Friday.<\/p><p><strong>Vulture funds are lapping up Evergrande debt<\/strong>, expecting that the Chinese government will ride to the rescue and bail out the property giant, the <a href=\"https:\/\/www.ft.com\/content\/1cf5bb08-e588-4790-987e-34aa3f5a604a\">Financial Times<\/a> reports. The news comes after the world\u2019s most indebted company <a href=\"https:\/\/www.reuters.com\/world\/china\/china-evergrande-shares-swing-bondholders-await-word-payments-2021-09-30\/\">missed another bond payment<\/a> on Friday.<\/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>10,517<\/p>\n<\/td>\n<td>\n<p>+1.2% (YTD: -3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,495<\/p>\n<\/td>\n<td>\n<p>+1.0% (YTD: +32.3%)<\/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>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>7,699<\/p>\n<\/td>\n<td>\n<p>-0.4% (YTD: +52.6%)<\/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>2,845<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: +14.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,357<\/p>\n<\/td>\n<td>\n<p>+1.2% (YTD: +16.0%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,027<\/p>\n<\/td>\n<td>\n<p>-0.8% (YTD: +8.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 79.28<\/p>\n<\/td>\n<td>\n<p>+1.2%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 5.62<\/p>\n<\/td>\n<td>\n<p>-4.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,758.40<\/p>\n<\/td>\n<td>\n<p>+0.1%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 48,167.50<\/p>\n<\/td>\n<td>\n<p>-0.54% (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 1.2% at Thursday\u2019s close<\/strong> on turnover of EGP 906 mn (42.6% below the 90-day average). Local investors were net sellers. The index is down 3.0% YTD.<\/p><p><strong>In the green: <\/strong>Raya Holding (+6.8%), Orascom Development Egypt (+4.8%) and AMOC (+3.8%).<\/p><p><strong>In the red: <\/strong>Egypt Kuwait Holding-EGP (-0.9%), Mopco (-0.6%) and Abou Kir Fertilizers (-0.5%).<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digital-currency\/\">Digital currency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evergrande\/\">Evergrande<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555921\" 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=\"555921\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/egypt-nominated-to-host-cop27\/\">\r\n                            Egypt nominated to host COP27                        <\/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\/10\/03\/egypt-nominated-to-host-cop27\/\" 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\/10\/03\/egypt-nominated-to-host-cop27\/')\">\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\/10\/03\/egypt-nominated-to-host-cop27\/\">\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 nominated to host COP27&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/egypt-nominated-to-host-cop27\/\">\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\/10\/03\/egypt-nominated-to-host-cop27\/&title=Egypt nominated to host COP27\">\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+nominated+to+host+COP27+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F03%2Fegypt-nominated-to-host-cop27%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\/10\/03\/egypt-nominated-to-host-cop27\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555921\" class=\"content-area-description single-story post-555921 post type-post status-publish format-standard hentry category-diplomacy tag-climate-change tag-development tag-diplomacy tag-enterpriseam tag-infrastructure tag-iraq tag-jordan tag-libya tag-moustafa-madbouly tag-sustainability 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-09\"><\/a> <strong>Egypt has been selected as the nominee to host the COP27 UN climate <\/strong><strong>conference<\/strong>, which is scheduled to take place next year, US Climate Envoy John Kerry said yesterday, according to <a href=\"https:\/\/www.reuters.com\/world\/africa\/egypt-selected-nominee-host-cop27-climate-talks-us-envoy-kerry-2021-10-02\/\">Reuters<\/a>. The Conference of the Parties (COP) \u2014 countries that had signed the United Nations Framework Convention on Climate Change \u2014 is chaired by a different country representing a different region each year. President Abdel Fattah El Sisi officially <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/12f27b9b-0da2-4ce1-91f7-b3afcf3f1cd6\">announced<\/a> Egypt\u2019s bid to host the 2022 iteration \u2014 to be hosted in Africa \u2014 in an address to the UN general assembly last month. This year\u2019s COP26 conference is set to take place in Glasgow in November.<\/p>\n<p><strong>IN OTHER DIPLOMACY NEWS- <\/strong><strong>PM Madbouly discusses mega projects in sit-down with Jordanian counterpart:<\/strong> Prime Minister Moustafa Madbouly discussed bilateral ties and national mega projects during a meeting yesterday with his Jordanian counterpart, Bisher Al-Khasawneh, in the new administrative capital\u2019s cabinet headquarters, cabinet said in <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/238754034961691?__cft__[0]=AZXzFuq2D6cwjiNlsP7nA13lcB63_Ldpkg_VgBdRg21HUMzmNbKfBwJZg49dkuSKLheeRsccQi22Obue1fs5dJo_wkWXR3Fp6bZdiK1NvALFaSHTKfJMEmDwwFt3QKLC687PpNyvfZ8f22IP-abjU6Ml&__tn__=%2CO%2CP-R\">a statement<\/a>. The two touched on exchanging expertise in big-ticket infrastructure investment and private-sector-led economic development, among other things. Al Khasawneh landed in Cairo <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/237087245128370\">on Thursday<\/a> heading a Jordanian government delegation. This was the latest fixture amid Egypt\u2019s continued push for <a href=\"https:\/\/enterprise.press\/hardhats\/regional-infrastructure-diplomacy-whetting-appetite-egyptian-contractors\/\">infrastructure diplomacy<\/a>.<\/p>\n<p><strong>Foreign Minister Sameh Shoukry stressed Egypt\u2019s support for national reconciliation in <\/strong><strong>Libya <\/strong>during a meeting with the vice president of the Libyan Presidential Council, Abdullah Al Lafi, according to a foreign ministry <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/168458958797292?__cft__[0]=AZXe64C9Y04YPomSEh7qNEjGtlPsJqEY3KLHr-6CJqRlOVPQ2a-ntRb2_tuJfXjOSh1CS4zqLRNCq-6hYpBXyiK1d8gGJcnI8kIDTVjIGPzU01lfpFhc_B3jlh-7f21dbsXKu-FFEYrf_l9mTH2fxr64&__tn__=%2CO%2CP-R\">statement<\/a>. The civil-war torn country is due to hold presidential and parliamentary elections as scheduled on 24 December after rival parties agreed on a political roadmap <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ef996d7-7670-4900-a18b-ba1c755b6b28\">earlier in 2021<\/a> that could end decades of conflict. Egypt has been calling for international effort to hold the elections on time, with President Abdel Fattah El Sisi bringing up the topic during talks <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/23b5c57f-bed5-4110-a756-92bf5fa759d9\">last week<\/a> with White House national security adviser Jake Sullivan.<\/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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"555922\" 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\/10\/03\/your-essential-business-calendar-on-3-october-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-555922\" class=\"content-area-description single-story post-555922 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>30 September-8 October (Thursday-Friday): The Cairo International Fair, Cairo International Conference Center, Cairo, Egypt.<\/p>\n<p>October: Romanian President Klaus Iohannis <a href=\"https:\/\/bit.ly\/3z0gaic\">could visit Egypt<\/a> mid this month to discuss ways to boost tourism cooperation between the two countries.<\/p>\n<p>2-4 October (Saturday-Monday): <a href=\"https:\/\/alex.technesummit.com\/2021\">Techne Summit<\/a>, Bibliotheca Alexandrina, Alexandria, Egypt.<sup><\/sup><\/p>\n<p>5 October (Tuesday): Senate returns from recess; new legislative session begins.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>9 October (Saturday): Public schools begin 2021-2022 academic year<\/p>\n<p>11-17 October (Monday-Sunday): <a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\">IMF + World Bank Annual Meetings<\/a>.<\/p>\n<p>12-14 October (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>18 October (Monday): E-Finance begins trading on EGX.<sup><\/sup><\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>24-28 October (Sunday-Thursday) <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/p>\n<p>27-28 October (Wednesday-Thursday) <a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a>, Royal Maxim Palace Kempinski, Cairo, Egypt.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>28 October (Thursday): Second tranche of overdue subsidy payouts <a href=\"https:\/\/bit.ly\/3BSLyAg\">will be handed<\/a> to eligible exporters.<\/p>\n<p>30 October - 4 November (Saturday-Thursday): The first edition of <a href=\"https:\/\/globalswimseries.com\/ryan-lochte-announces-first-race-the-legends-event-in-egypt\/\">Race The Legends<\/a>, Egypt.<\/p>\n<p>November: The French-Egyptian Business Forum is set to take place in the Suez Canal Economic Zone.<\/p>\n<p>November: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/163314772505618\">host another round of talks<\/a> to reach a potential Egyptian-Eurasian trade agreement, which can significantly contribute to increasing the volume of Egyptian exports to the Russia-led bloc that includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.<\/p>\n<p>1-3 November (Monday-Wednesday): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>2-3 November (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>16-17 November (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/p>\n<p>26 November-5 December (Friday-Sunday): <a href=\"https:\/\/www.facebook.com\/CairoFilms\/photos\/a.386668088207064\/1611462495727611\/\">The 43rd Cairo International Film Festival<\/a>.<\/p>\n<p>29 November-2 December (Monday-Thursday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">Egypt Defense Expo<\/a>, Egypt International Exhibition Centre.<\/p>\n<p>7-8 December (Tuesday-Wednesday): <a href=\"https:\/\/northafricatradefinance.com\/\">North Africa Trade Finance Summit<\/a>.<\/p>\n<p>8-10 December (Wednesday-Thursday): <a href=\"https:\/\/www.gfhsegypt.com\/\">Global Forum for Higher Education and Scientific Research (GFHS)<\/a>, Cairo, Egypt.<\/p>\n<p>12-14 December (Sunday-Tuesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa Cairo<\/a> trade exhibition, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>13-17 December: United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/p>\n<p>14-19 December (Tuesday-Sunday): <a href=\"https:\/\/www.facebook.com\/cifcet\/\">The Cairo International Festival for Experimental Theater<\/a>.<\/p>\n<p>14-15 December (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>15 December (Wednesday): Deadline for joint stock companies and investment companies in Cairo to join e-invoicing platform.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1Q2022: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cd1fc44-1593-4317-8658-0aa792215521\">Launch of the Egyptian Commodities Exchange<\/a>.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>22-24 April 2022:<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>May 2022: Investment in Logistics Conference, Cairo, Egypt<\/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>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><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":555897,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-555896","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e30e2b8f-6994-4dd1-9d61-dc2d1ed0da52","teaser":"","photo_url":"https:\/\/ent.news\/2021\/10\/21.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>e-Finance\u2019s IPO could be the biggest in years, will start trading on 18 October - 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\/e-finances-ipo-could-be-the-biggest-in-years-will-start-trading-on-18-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"e-Finance\u2019s IPO could be the biggest in years, will start trading on 18 October\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finances-ipo-could-be-the-biggest-in-years-will-start-trading-on-18-october\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T01:05:17+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/21.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\/e-finances-ipo-could-be-the-biggest-in-years-will-start-trading-on-18-october\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finances-ipo-could-be-the-biggest-in-years-will-start-trading-on-18-october\/\",\"name\":\"e-Finance\u2019s IPO could be the biggest in years, will start trading on 18 October - 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