{"id":556140,"date":"2021-10-13T04:03:08","date_gmt":"2021-10-13T04:03:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=556140"},"modified":"2025-12-16T01:10:54","modified_gmt":"2025-12-16T01:10:54","slug":"enterprise-e-finance-prices-ipo-at-the-top-of-the-range","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/","title":{"rendered":"Enterprise e-Finance prices IPO at the top of the range"},"content":{"rendered":"<section id=\"556142\" 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=\"556142\">\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\/13\/this-morning-egypts-travel-industry-shouldnt-get-an-exemption-from-the-new-national-minimum-wage\/\">\r\n                            THIS MORNING: Egypt\u2019s travel industry shouldn\u2019t get an exemption from the new national minimum wage                        <\/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\/13\/this-morning-egypts-travel-industry-shouldnt-get-an-exemption-from-the-new-national-minimum-wage\/\" 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\/13\/this-morning-egypts-travel-industry-shouldnt-get-an-exemption-from-the-new-national-minimum-wage\/')\">\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\/13\/this-morning-egypts-travel-industry-shouldnt-get-an-exemption-from-the-new-national-minimum-wage\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS MORNING: Egypt\u2019s travel industry shouldn\u2019t get an exemption from the new national minimum wage&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/this-morning-egypts-travel-industry-shouldnt-get-an-exemption-from-the-new-national-minimum-wage\/\">\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\/13\/this-morning-egypts-travel-industry-shouldnt-get-an-exemption-from-the-new-national-minimum-wage\/&title=THIS MORNING: Egypt\u2019s travel industry shouldn\u2019t get an exemption from the new national minimum wage\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+MORNING%3A+Egypt%E2%80%99s+travel+industry+shouldn%E2%80%99t+get+an+exemption+from+the+new+national+minimum+wage+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fthis-morning-egypts-travel-industry-shouldnt-get-an-exemption-from-the-new-national-minimum-wage%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\/13\/this-morning-egypts-travel-industry-shouldnt-get-an-exemption-from-the-new-national-minimum-wage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556142\" class=\"content-area-description single-story post-556142 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-apple tag-climate-change tag-customs tag-debt tag-enterpriseam tag-infrastructure tag-iphone tag-labor tag-minimum-wage tag-tourism tag-us-senate tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, wonderful people. <\/strong>We have a really packed issue for you this morning, so let\u2019s jump right in:<\/p><p><strong>HAPPENING NOW- It\u2019s looking \u2026 mildly bleh for global markets this morning. <\/strong>US shares closed down for a <a href=\"https:\/\/www.cnbc.com\/2021\/10\/11\/stock-market-futures-open-to-close-news.html\">third straight day<\/a> yesterday, with the Dow, S&amp;P and Nasdaq all in the red. Shares in Tokyo and Shanghai have followed suit this morning, while Hong Kong is trading sideways, leaving Seoul\u2019s Kospi as the sole bright spot among the major Asian benchmarks. <strong>Futures suggest that US shares will open in the red again later today<\/strong>, while Europe is looking at a mixed open, with the Stoxx, FTSE 100 and CAC 40 all set to open down at the start of trading.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>IT\u2019S A BIG DAY FOR CAPITAL MARKETS here at home as e-Finance has <\/strong><strong>priced its IPO <\/strong><strong>at EGP 13.98 per share<\/strong>, according to <a href=\"https:\/\/ent.news\/2021\/10\/e-finance-final-price.jpg\">a statement posted on EGX screens<\/a> that has been <a href=\"https:\/\/bit.ly\/3v8gzhB\">widely picked up by the domestic press<\/a>. That\u2019s at the top end of the EGP <strong>12.50-13.98 price range on which the company had previously guided <\/strong>\u2014 and makes the IPO of the state-owned fintech platform and payments infrastructure provider worth a bit more than EGP 5.8 bn. The company earlier this week <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38a6850e-751d-4b79-b6cd-62dc9a9de56e\">raised the size of its offering<\/a> to 417.8 mn shares, making it one of the largest offerings in recent memory. <strong>Foregn investor interest has been stronger than expected<\/strong>, Al Ahly Pharos chief Ahmed Salem told <a href=\"https:\/\/bit.ly\/3lyqzgD\">Hapi Journal<\/a>. Al Ahly is one of the quarterbacks of the transaction alongside RenCap and CI Capital.<\/p><p><strong>Expect a more detailed statement from e-Finance later today <\/strong>to confirm the final specs of the transaction. You can <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/172bb5a9-c959-409e-9e3c-1d190d7fd256\">check out e-Finance\u2019 intention to float here<\/a>.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>The travel industry\u2019s top lobby group has asked the National Council for Wages for an <\/strong><strong>exemption from <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a48e903-d707-4969-9ab6-be99c9b3cb91\">the private sector minimum wage<\/a><\/strong>. The Egyptian Tourism Federation argues that the sector is yet to fully recover from its covid-19 setback, according to this morning\u2019s <a href=\"https:\/\/ent.news\/2021\/10\/Wednesday-13-Oct-2021-issue-2671.pdf\">Al Borsa print edition (pdf)<\/a>. Employees of private-sector companies will for the first time receive a minimum wage of at least EGP 2.4k starting January 2022 when the minimum wage comes into effect. The decision means higher labor costs and larger contributions to the nation\u2019s Social Insurance Authority when it goes into effect. Companies have till the end of this month to submit a request to the National Wages Council if they claim they cannot afford the wage hike.<\/p><p><strong>LET\u2019S SAY NO? <\/strong>Or, at the absolute most, grant a very time-limited exemption. As business owners, we have a moral obligation to pay a livable wage to the people we employ \u2014 people who have futures to plan and, often, families to support. A national private-sector minimum wage was smart policy on the part of Planning Minister Hala El Said \u2014 let\u2019s not water it down by giving one of the country\u2019s largest industries a blanket exemption. There are other ways to continue extending support to the industry if policymakers think it appropriate.<\/p><p><strong>IN REGULATORY NEWS- Importers no longer need to get invoices stamped from <\/strong><strong>chambers of commerce abroad to clear their goods at Egyptian ports<\/strong>, according to a decision by the Customs Authority, <a href=\"https:\/\/bit.ly\/3pbxD5p\">Al Mal<\/a> reports. They will, instead, only need to give a broken down commercial invoice that contains a detailed description of the packing list. The decision is based on the recently-issued <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aba6cc73-59a2-4e54-8aca-a6d612db1737\">executive regulations<\/a> of the Customs Act, which aims to expedite customs clearance.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>The International Conference on Climate Change in the Eastern Mediterranean and the<\/strong><strong> Middle East <\/strong>kicks off in Nicosia today. The conference brings together 65 leading policymakers, scientists and diplomats from Egypt, Israel, Jordan, Iraq and Greece <a href=\"https:\/\/apnews.com\/article\/climate-change-science-business-cyprus-desertification-453718c66173fcd6ba693f622e9f7770\">to advocate<\/a> for a move away from fossils toward renewables in the region. You can check out its <a href=\"https:\/\/climatechange2021.org\/\">website here<\/a>.<\/p><p><strong>THE BIG STORY ABROAD this morning is the IMF\u2019s warning on global growth<\/strong>, which we cover in detail below.<\/p><p><strong>ALSO- The US House of Representatives has approved a bill that will ward off default <\/strong><strong>for the next seven week. <\/strong>The House approved a bill, already passed by the Senate, that raises the government\u2019s borrowing limit to USD 28.9 tn, <a href=\"https:\/\/www.politico.com\/news\/2021\/10\/12\/congress-debt-limit-december-515820\">Politico<\/a> reports. Also in Congress: <strong>Democrats could slash US President Joe Biden\u2019s USD 3.5 tn infrastructure bill<\/strong> <strong>by a <\/strong><strong>lot<\/strong>, in a bid to push it through Congress with a narrow Democrat majority vote, House Speaker Nancy Pelosi signalled yesterday, according to <a href=\"https:\/\/www.cnbc.com\/2021\/10\/12\/pelosi-signals-democrats-could-trim-biden-build-back-better-plan.html\">CNBC<\/a>.<\/p><p><strong>CLOSER TO HOME- Turkey\u2019s lira extended losses to reach <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-12\/lira-falls-to-record-low-as-erdogan-signals-new-syria-offensive\">a record low<\/a><\/strong><strong> yesterday<\/strong> after President Recep Tayyip Erdogan hinted at more military involvement in Syria.<\/p><p><strong>*** CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>Are US equity markets turning a corner?<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1ba45b92-15e2-47d9-9abf-040a2222aa66\">Goldman Sachs and JPMorgan say<\/a> rising inflation is transitory, suggesting the 5% dip in the S&amp;P 500 is the extent of the correction.<\/li>\n<li><strong>The next cohort of executive EMBA students?<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b46da95-4f41-43a2-aa70-8377ec346fe6\">Entrepreneurs<\/a>.<\/li>\n<li><strong>Meet our analyst of the week:<\/strong> Beltone\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/618cfcd9-317b-453d-adc6-b73a534653f3\">Toka Elwazery<\/a>.<\/li>\n<\/ul><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>THE GLOBAL SHORTAGE OF EVERYTHING-<\/strong><\/p><p><strong>Apple is feeling the pinch of the global chip shortage: <\/strong>The tech giant is expecting to slash its production of iPhone 13 for the rest of 2021, making 10 mn fewer devices than it had originally planned so long as the global semiconductor shortage continues to hit its flagship product, sources told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-12\/apple-poised-to-slash-iphone-production-goals-due-to-chip-crunch?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>. The company had intended to manufacture some 90 mn of the new iPhones over the coming three months. It\u2019s now telling its distributors it won\u2019t be able to meet this target as Broadcom and Texas Instruments \u201care struggling to deliver components.\u201d<\/p><p><strong>On the bright side:<\/strong> The widespread supply chain disruptions resulting from a gap between supply and demand around the world are unlikely to last, CEOs of the US\u2019 largest banks say, according to the <a href=\"https:\/\/www.ft.com\/content\/0dd1622d-883a-44a8-80c4-079fc5e90fab\">Financial Times<\/a>. According to the executives, who include JPMorgan Chase chief executive Jamie Dimon and Wells Fargo\u2019s Charlie Scharf, the global economy was taken by surprise and markets are bound to eventually adapt. \u201cWhat we just have to protect against is people making decisions that exacerbate the problem, which is trying to add to inventories too quickly,\u201d Scharf said.<\/p><p><strong>FELLOW iSHEEP- Apple is hosting an event on Monday, 18 October <\/strong>at which it is expected to unveil new hardware including redesigned MacBook Pros. <a href=\"https:\/\/www.apple.com\/apple-events\/\">You can tune in here<\/a> at 7pm CLT to watch the event live.<\/p><p><strong>MORNING MUST READ- <\/strong><\/p><p><strong>A whopping 85% of the world\u2019s population has felt the direct impact of climate<\/strong><strong> change<\/strong>, according to <a href=\"https:\/\/www.nature.com\/articles\/s41558-021-01168-6\">research published in the<\/a><a href=\"https:\/\/www.nature.com\/articles\/s41558-021-01168-6\">Nature Climate Change<\/a>. The research, which used machine learning to analyze and map more than 100k studies of events that could be linked to global warming, looks at everything from extreme weather events to the correlation between risk of death from heart disease and temperature variations. This year alone, at least 388 deaths in the US were traced back to climate change, the <a href=\"https:\/\/www.washingtonpost.com\/climate-environment\/2021\/10\/11\/85-percent-population-climate-impacts\/\">Washington Post<\/a> says. In 2009, developed countries pledged USD 100 bn a year in climate finance by 2020 to help lower-income countries mitigate the impacts of climate change and invest in green energy. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd63426e-a914-4a11-80c6-a82849046ea2\">That target hasn\u2019t been met<\/a>.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>We\u2019re within arm\u2019s reach of our next long weekend:<\/strong> \u200b\u200b\u200b\u200bThe Prophet Muhammad\u2019s birthday falls on Monday, 18 October. We expect a three-day weekend starting Thursday, 21 October. Look for confirmation from the cabinet toward the end of the week.<\/p><p><strong>Conference season ratchets up this month<\/strong>, with a number of exhibitions and business events here and throughout the region taking place this week, including:<\/p><ul>\n<li><strong>The <\/strong><strong><a href=\"https:\/\/bit.ly\/3uCd8zg\">Turathna Exhibition<\/a><\/strong> at the Egypt International Exhibition Center, Cairo, which will run until Friday, 15 October.<\/li>\n<li><strong>The <\/strong><strong><a href=\"https:\/\/gitex.com\/\">GITEX Global<\/a><\/strong><strong> is being held in the Dubai World Trade Center from 17-21 October. <\/strong>The event brings together players in Big Tech to discuss what\u2019s next in areas such as AI, cloud, 5G, cybersecurity, blockchain, and more.<\/li>\n<li><strong>Further down the road: <\/strong>The Middle East Angel Investment Network is hosting its <a href=\"http:\/\/mainmena.com\/conference\/4\">Angel Oasis<\/a> in El Gouna on 27-29 October, with separate pricing for in-person and virtual attendance.<\/li>\n<\/ul><p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, urban development, as well as social infrastructure such as health and education.<\/p><p><strong>In today\u2019s issue: <\/strong>The global chip shortage has taken over the world, delaying production and disrupting supply chains. The impact has been severe on a number of sectors, with one of the hardest hit being the automotive industry, as their chips have been pushed to the backburner in favor of more profitable industries such as mobiles and laptops. In today\u2019s Hardhat, we explore the impact of the global chip shortage on the local automotive industry by talking to industry experts, as well as some of the biggest vehicle distributors in Egypt.<\/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\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/customs\/\">customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/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\/iphone\/\">iPhone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/minimum-wage\/\">minimum wage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-senate\/\">US Senate<\/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=\"556143\" 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=\"556143\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/556143\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556143\" class=\"content-area-description single-story post-556143 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=\"556144\" 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=\"556144\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/inequality-threatens-pandemic-recovery-imf-says-in-its-latest-global-outlook\/\">\r\n                            Inequality threatens pandemic recovery, IMF says in its latest global outlook                        <\/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\/13\/inequality-threatens-pandemic-recovery-imf-says-in-its-latest-global-outlook\/\" 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\/13\/inequality-threatens-pandemic-recovery-imf-says-in-its-latest-global-outlook\/')\">\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\/13\/inequality-threatens-pandemic-recovery-imf-says-in-its-latest-global-outlook\/\">\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=Inequality threatens pandemic recovery, IMF says in its latest global outlook&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/inequality-threatens-pandemic-recovery-imf-says-in-its-latest-global-outlook\/\">\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\/13\/inequality-threatens-pandemic-recovery-imf-says-in-its-latest-global-outlook\/&title=Inequality threatens pandemic recovery, IMF says in its latest global outlook\">\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=Inequality+threatens+pandemic+recovery%2C+IMF+says+in+its+latest+global+outlook+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Finequality-threatens-pandemic-recovery-imf-says-in-its-latest-global-outlook%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\/13\/inequality-threatens-pandemic-recovery-imf-says-in-its-latest-global-outlook\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/142.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"556145\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/inequality-threatens-pandemic-recovery-imf-says-in-its-latest-global-outlook\/142-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/142.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"142.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/142.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/142.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556144\" class=\"content-area-description single-story post-556144 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-covid-19 tag-economy tag-enterpriseam tag-gdp tag-imf tag-inflation tag-pandemic tag-vaccines tag-world-economic-outlook wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The global recovery is bruised, but not broken: <\/strong>The IMF slightly downgraded its projection for global growth in 2021 to 5.9% in its October <a href=\"https:\/\/ent.news\/2021\/10\/World-Economic-Outlook-Oct-2021-IMF.pdf\">World Economic Outlook report (pdf)<\/a> \u2014 down a slim 0.1 percentage points from 6% in its last <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f63657a-8d64-467c-b02a-80a4e75febbc\">update in July<\/a>. The international lender held its growth estimate for 2022 steady at 4.9%, adding that global growth would taper down beyond next year to average at 3.3% in the medium term. The report\u2019s title, Health Concerns, Supply Disruptions, and Price Pressures, succinctly summarizes the risks the IMF identifies as the biggest threats that could hobble the economic recovery.<\/p>\n<p><strong>Threats abound: <\/strong>The report warns that global growth risks are tilted to the downside, while inflation risks are skewed to the upside. There are few surprises when it comes to what\u2019s behind increased uncertainty over the recovery: The spread of the Delta covid-19 variant, supply-chain disruptions, price hikes, risky financial markets, and the growing impact of climate change.<\/p>\n<p><strong>What\u2019s the common denominator? Duh, it\u2019s covid:<\/strong> \u201cA principal common factor behind these complex challenges is the continued grip of the pandemic on global society,\u201d according to the report. It calls on developed nations to step up their game on global vaccination and other preventative health measures to stop the emergence of more virulent covid-19 strains. On the national level, the IMF advises policymakers that they will need to tread a thin line, continuing to support the recovery while also keeping a watchful eye on inflation. It also urges governments to prioritize healthcare spending above all else, echoing the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b25eb2d0-26aa-4dd6-b989-296d562aea36\">World Bank\u2019s October MENA update<\/a> released earlier this week, which blamed stressed public healthcare systems for the region\u2019s sluggish recovery.<\/p>\n<p><strong>A Tale of Two Pandemics:<\/strong> Relatively strong global growth data \u201cmasks large downgrades for some countries,\u201d the IMF said, adding that \u201cthe outlook for the low-income developing country group has darkened considerably due to worsening pandemic dynamics.\u201d Low-income developing countries are set to register 3% growth in 2020 and 5.3% growth in 2021, down 0.9 percentage points and 0.2 percentage points respectively from July projections. Meanwhile, rising inflation, and the inevitable monetary tightening it will induce in rich countries, will inflict the most pain in low-income countries already suffering from a hike in food prices.<\/p>\n<p><strong>Come together, right now: <\/strong>The overarching message is that the widening divide between developed and developing economies has disastrous consequences for all. \u201cRecent developments have made it abundantly clear that we are all in this together and the pandemic is not over anywhere until it is over everywhere,\u201d the report writes, urging developed countries to commit to plans to get jabs in arms (and tackle climate change) pronto.<\/p>\n<p><strong>US and China are in the naughty corner:<\/strong> Both superpowers got a ticking-off from the IMF, which wrote that \u201cescalations in cross-border trade and technology tensions\u201d had put the recovery at risk, as had \u201cunnecessary policy accidents\u201d including the US<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6a2e797f-5429-4d2e-a105-0f126406733c\">failure to raise the debt ceiling<\/a> and chaotic debt restructurings in China\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/424cd556-0bbc-48ae-a4bf-3bb842a3a046\">Evergrande crisis<\/a>.<\/p>\n<p><strong>The MENA region is doing relatively well: <\/strong>The IMF revised its growth projection for MENA upwards by 0.4% to 4.1% in 2022.<\/p>\n<p><strong>But the economic oracle is predicting slower growth for Egypt:<\/strong> The IMF downgraded its growth projection for Egypt\u2019s economy in FY2021-22 to 5.2%, down 0.5 percentage points from the 5.7% growth that it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/83398725-78cf-440c-ae45-be20ca82835e\">forecasted in April<\/a>. That\u2019s still more optimistic than the World Bank, which expects growth of 5% in FY2021-2022. The IMF kept its long-term estimate for Egypt\u2019s growth steady at 5.8% in FY2025-26.<\/p>\n<p><strong>There was better news on Egypt\u2019s inflation and its deficit: <\/strong>Consumer prices are expected to rise by 6.3% for FY2021-22, down 0.9 percentage points from the April forecast of 7.2%. Inflation is forecast to stand at 7.1% by FY2025-26, marginally down from the 7.3% forecast in April. The IMF also narrowed its estimate for Egypt\u2019s current account deficit in FY2021-22 to 3.7%, down from 4% in its April report. The deficit is expected to narrow further to 2.6% by FY2025-26.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-economic-outlook\/\">World Economic Outlook<\/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=\"556146\" 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=\"556146\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ain-sokhna-is-getting-fresh-dp-world-cdc-investments\/\">\r\n                            Ain Sokhna is getting fresh DP World + CDC investments                        <\/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\/13\/ain-sokhna-is-getting-fresh-dp-world-cdc-investments\/\" 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\/13\/ain-sokhna-is-getting-fresh-dp-world-cdc-investments\/')\">\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\/13\/ain-sokhna-is-getting-fresh-dp-world-cdc-investments\/\">\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=Ain Sokhna is getting fresh DP World + CDC investments&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ain-sokhna-is-getting-fresh-dp-world-cdc-investments\/\">\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\/13\/ain-sokhna-is-getting-fresh-dp-world-cdc-investments\/&title=Ain Sokhna is getting fresh DP World + CDC investments\">\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=Ain+Sokhna+is+getting+fresh+DP+World+%2B+CDC+investments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fain-sokhna-is-getting-fresh-dp-world-cdc-investments%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\/13\/ain-sokhna-is-getting-fresh-dp-world-cdc-investments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/143.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"556147\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ain-sokhna-is-getting-fresh-dp-world-cdc-investments\/143-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/143.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"143.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/143.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/143.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556146\" class=\"content-area-description single-story post-556146 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-cdc-group tag-dp-world tag-enterpriseam tag-infrastructure tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Ain Sokhna Port is getting additional investment from Emirati port<\/strong><strong> giant DP<\/strong><strong> World <\/strong>and CDC Group, the UK government\u2019s development finance arm. The two institutions are setting up a joint USD 1.7 bn African investment platform, a portion of which will go towards Ain Sokhna, DP World said in a <a href=\"https:\/\/www.dpworld.com\/news\/releases\/dp-world-partners-with-cdc-group-to-create-africa-investment-platform\/\">statement<\/a>. Over the next \u201cseveral years,\u201d the platform will invest in several infrastructure and logistics projects on the continent, including origin and destination ports, inland container depots, economic zones and other logistics across Africa to increase trade. The platform \u201cinitially be seeded with minority stakes in existing DP World assets with significant capacity expansion plans,\u201d including the Dakar Port in Senegal and the Berbera Port in Somaliland. The <a href=\"https:\/\/www.ft.com\/content\/5a504b06-f272-485f-8d29-f5f0c9ac9314\">Financial Times<\/a> also took note.<\/p>\n<p><strong>The financing breakdown:<\/strong> In addition to its minority stakes, DP World is putting up USD 1 bn over the next several years, while CDC will initially invest some USD 320 mn, with an additional USD 400 mn to come at a later stage.<\/p>\n<p><strong>This isn\u2019t DP World\u2019s first rodeo in Egypt: <\/strong>DP World <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/20\/egypts-usd-520-mn-ain-sokhna-port-expansion-to-be-complete-by-2q2020-6749\/\">invested USD 520 mn<\/a> in the expansion of the Ain Sokhna seaport during late 2019, bringing DP\u2019s total investments to USD 1.6 bn. The expansion included building a second dock that doubled the port\u2019s capacity to 1.75 mn TEU from 970k. Shortly after, <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/10\/dp-world-sokhna-to-become-egypts-new-capitals-main-import-terminal-8173\/\">DP World Sokhna signed a partnership agreement<\/a> with the China State Construction Engineering Corporation (CSCEC) and the China Ocean Shipping Company Ltd (COSCO), to become the main terminal for construction material imported for the central business and financial district of the new administrative capital. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32c2d1d9-ae6a-43a2-9527-d4945f9a3bc2\">Last year,<\/a> company CEO Sultan Ahmed Bin Sulayem described himself as \u201cbullish\u201d on Africa and praised Egypt\u2019s economic policies as being pro-growth.<\/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\/cdc-group\/\">CDC Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dp-world\/\">DP World<\/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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556148\" 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=\"556148\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ifc-ebrd-to-invest-in-algebras-second-fund\/\">\r\n                            IFC, EBRD to invest in Algebra\u2019s second fund                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ifc-ebrd-to-invest-in-algebras-second-fund\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ifc-ebrd-to-invest-in-algebras-second-fund\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ifc-ebrd-to-invest-in-algebras-second-fund\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=IFC, EBRD to invest in Algebra\u2019s second fund&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ifc-ebrd-to-invest-in-algebras-second-fund\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ifc-ebrd-to-invest-in-algebras-second-fund\/&title=IFC, EBRD to invest in Algebra\u2019s second fund\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=IFC%2C+EBRD+to+invest+in+Algebra%E2%80%99s+second+fund+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fifc-ebrd-to-invest-in-algebras-second-fund%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/ifc-ebrd-to-invest-in-algebras-second-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556148\" class=\"content-area-description single-story post-556148 post type-post status-publish format-standard hentry category-investment-watch tag-cdc-group tag-dp-world tag-enterpriseam tag-infrastructure tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>IFC, EBRD are getting in on first close of Algebra\u2019s second fund:<\/strong> The International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) are set to participate in the first close of Algebra Ventures\u2019 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b05a266-cfd0-4843-a495-2434a6187cd1\">USD 90 mn<\/a> second tech fund, <a href=\"https:\/\/algebraventures.com\/\">Algebra Ventures<\/a> Managing Partner Tarek Assaad <a href=\"https:\/\/bit.ly\/3mGTjDo\">tells Al Mal<\/a>. Algebra now intends to raise USD 60 mn in the first close before the year is out, Assaad reportedly said. The VC fund had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/07283f28-8615-47ee-9d97-9f4dd4a28850\">said earlier this year<\/a> it plans to raise USD 50 mn in 3Q2021. (Editor\u2019s note: Tarek: Give us a call so we can pile into the story, man, okay?)<\/p>\n<p><strong>Background:<\/strong> Algebra\u2019s inaugural Egypt-focused fund closed four years ago at USD 54 mn. The new fund could make select investments elsewhere on the continent. Algebra tapped Laila Hassan and Omar Khashaba as general partners <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b7bcdf3-66c8-451e-94b2-35d5ad74dad4\">earlier this year<\/a>, and Khashaba <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2523407a-45ff-43de-a293-8c471fa537b5\">gave us the rundown on the firm\u2019s second fund<\/a> back in July.<\/p>\n<p><strong>ELSEWHERE- Kenya\u2019s Sendy looking at USD 100 mn African expansion that includes <\/strong><strong>us:<\/strong> Nairobi-based delivery service <a href=\"https:\/\/www.sendyit.com\/?utm_term=&utm_campaign=EBU_Search+campaign_lead+generation&utm_source=adwords&utm_medium=ppc&hsa_acc=3722946388&hsa_cam=9974945425&hsa_grp=119162582067&hsa_ad=490928912078&hsa_src=g&hsa_tgt=dsa-1127507599372&hsa_kw=&hsa_mt=b&hsa_net=adwords&hsa_ver=3&gclid=Cj0KCQjw-4SLBhCVARIsACrhWLXP8GqPk5hJqrv4XiR6024dj2BV-opb6dtS8RvHnOG0BLCp5HuUhH8aApw8EALw_wcB\">Sendy<\/a> is looking to raise USD 100 mn by 2022 to finance the company\u2019s expansion to new markets including Egypt, Nigeria, Ghana and South Africa, co-founder Malaika Judd told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-06\/kenyan-startup-seeks-to-raise-100-million-for-africa-expansion?sref=mmeFTDW1\">Bloomberg<\/a> last week. Judd did not provide further details on how these investments might be divided among markets. Sendy arranges door-to-door delivery between businesses and individuals on its platform.<\/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\/cdc-group\/\">CDC Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dp-world\/\">DP World<\/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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556149\" 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=\"556149\">\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\">Fintech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/fawry-makes-its-first-investment-outside-egypt\/\">\r\n                            Fawry makes its first investment outside Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/fawry-makes-its-first-investment-outside-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/fawry-makes-its-first-investment-outside-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/fawry-makes-its-first-investment-outside-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Fawry makes its first investment outside Egypt&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/fawry-makes-its-first-investment-outside-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/fawry-makes-its-first-investment-outside-egypt\/&title=Fawry makes its first investment outside Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Fawry+makes+its+first+investment+outside+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Ffawry-makes-its-first-investment-outside-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/fawry-makes-its-first-investment-outside-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556149\" class=\"content-area-description single-story post-556149 post type-post status-publish format-standard hentry category-fintech tag-banking tag-enterpriseam tag-fawry tag-fintech tag-sudan 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>Fawry has finalized an unspecified<\/strong><strong><a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d9%81%d9%88%d8%b1%d9%89%20%d8%a8%d9%8a%d8%a7%d9%86%20%d8%a7%d9%86%d8%ac%d9%84%d9%8a%d8%b2%d9%89%2012-10-2021.pdf\"><\/a><\/strong><strong>investment in Sudan\u2019s largest online<\/strong><strong> classifieds platform and marketplace<\/strong>, acquiring an undisclosed strategic minority stake in<a href=\"https:\/\/www.alsoug.com\/\"><\/a><a href=\"https:\/\/www.alsoug.com\/\">Alsoug.com<\/a> \/ Cashi\u2019s holding company. The transaction marks Fawry\u2019s first venture outside of Egypt, according to a <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d9%81%d9%88%d8%b1%d9%89%20%d8%a8%d9%8a%d8%a7%d9%86%20%d8%a7%d9%86%d8%ac%d9%84%d9%8a%d8%b2%d9%89%2012-10-2021.pdf\">statement (pdf)<\/a>. The investment is part of a USD 5 mn funding round, which Fawry co-led alongside a consortium of undisclosed Western venture capital firms.<\/p>\n<p><strong>It\u2019s actually the first venture capital round raised by a company in Sudan<\/strong> since international sanctions were lifted in 2020. The investment will go towards building out Alsoug\u2019s recently launched fintech platform<a href=\"https:\/\/www.alsoug.com\/en\/about\"><\/a><a href=\"https:\/\/www.alsoug.com\/en\/about\">Cashi<\/a> and develop its payments infrastructure. Fawry CEO Ashraf Sabry said that the company sees Sudan as an economy with \u201cmajor potential across several sectors and with a significant pool of entrepreneurial talent.\u201d<\/p>\n<p><strong>Founded in 2016, Alsoug.com is an online classifieds marketplace <\/strong>with nearly 2 mn downloads and includes listings of real estate, cars, electronics, furniture, in addition to services and job postings. Alsoug launched payment service provider Cashi in 2020 as a PayPay-like service provider. Cashi facilitates payment of \u201cutility bills, airtime top-up, government education services,\u201d as well as advertising on alsoug. Earlier this week, alsoug.com<a href=\"https:\/\/disrupt-africa.com\/2021\/10\/07\/7-african-startups-selected-for-inaugural-last-mile-money-accelerator\/\"><\/a><a href=\"https:\/\/disrupt-africa.com\/2021\/10\/07\/7-african-startups-selected-for-inaugural-last-mile-money-accelerator\/\">was selected<\/a> as one of eight startups to participate in the Last Mile Money Accelerator, a program managed by IDEO and funded by the Bill & Melinda Gates Foundation.<\/p>\n<p><strong>EGX-listed Fawry is Egypt\u2019s first and largest digital payments company <\/strong>with a market cap of c. USD 1.7 bn.<\/p>\n<p><strong>IN OTHER FINTECH NEWS-<\/strong> <strong>US-based Volante Technologies and MDSL will provide payment infrastructure<\/strong><strong> upgrade to an unnamed Egyptian bank:<\/strong> Cloud payments and financial messaging company <a href=\"https:\/\/www.volantetech.com\/\">Volante Technologies<\/a> and banking solutions company <a href=\"https:\/\/www.caleromdsl.com\/\">Calero-MDSL<\/a> have signed a contract with an unnamed \u201cmajor Egyptian bank\u201d to overhaul the institution\u2019s current payments infrastructure, according to <a href=\"https:\/\/www.volantetech.com\/news-events\/press-releases\/volante-and-mdsl-partner\">a press release<\/a>. Volante will be laying down the groundwork for the bank\u2019s new payments solutions, while MDSL will help manage transition and offer local support services. Neither the Egyptian bank nor the specific payments processing product in question were named in the group\u2019s release.<\/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\/fawry\/\">Fawry<\/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\/sudan\/\">Sudan<\/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=\"556150\" 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=\"556150\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/\">\r\n                            Orascom Construction adds nearly USD 1 bn to backlog in 3Q                        <\/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\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/\" 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\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/')\">\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\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/\">\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=Orascom Construction adds nearly USD 1 bn to backlog in 3Q&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/\">\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\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/&title=Orascom Construction adds nearly USD 1 bn to backlog in 3Q\">\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=Orascom+Construction+adds+nearly+USD+1+bn+to+backlog+in+3Q+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Forascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q%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\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/144.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"556151\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/orascom-construction-adds-nearly-usd-1-bn-to-backlog-in-3q\/144-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/144.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"144.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/144.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/144.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556150\" class=\"content-area-description single-story post-556150 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-orascom-construction tag-saudi-arabia tag-tourism 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>Orascom Construction added USD 960 mn-worth of new contracts to its backlog<\/strong><strong> in 3Q2021<\/strong>, growing 42% y-o-y annual increase, the company announced in a <a href=\"https:\/\/orascom.com\/updates\/orascom-construction-adds-usd-960-million-to-its-backlog-in-q3-2021\/\">statement<\/a>. Projects in Egypt made up 65% of new contracts during the quarter, including a contract to design, install, commission and maintain Egypt\u2019s first high-speed rail system. The other 35% came from new contracts in the US, mainly large projects in student housing. Consolidated backlog grew to USD 9.1 bn by the end of the quarter.<\/p>\n<p><strong>OTHER INFRASTRUCTURE NEWS- Egypt\u2019s Arab Contractors will develop the main port in <\/strong><strong>Lebanon\u2019s Tripoli<\/strong> under an agreement signed with the Lebanese government, according to <a href=\"https:\/\/bit.ly\/3iViBwi\">Al Shorouk<\/a>. The project, which involves revamping the port\u2019s infrastructure with new customs buildings, administrative offices, and fire stations, is expected to cost USD 87 mn. It will be fully funded by the Islamic Development Bank, with work expected to begin within as little as 10 days, according to <a href=\"http:\/\/www.china.org.cn\/world\/Off_the_Wire\/2021-10\/12\/content_77804845.htm\">Xinhua<\/a>. The agreement was signed by Lebanon's Council for Development and Reconstruction.<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556152\" 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=\"556152\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/shahinaz-foda-replaces-frederic-abbal-on-elsewedy-electric-board-essam-abdelhadi-joins-advisory-board-of-nawah-scientific\/\">\r\n                            Shahinaz Foda replaces Frederic Abbal on ElSewedy Electric board + Essam Abdelhadi joins advisory board of Nawah Scientific                        <\/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\/13\/shahinaz-foda-replaces-frederic-abbal-on-elsewedy-electric-board-essam-abdelhadi-joins-advisory-board-of-nawah-scientific\/\" 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\/13\/shahinaz-foda-replaces-frederic-abbal-on-elsewedy-electric-board-essam-abdelhadi-joins-advisory-board-of-nawah-scientific\/')\">\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\/13\/shahinaz-foda-replaces-frederic-abbal-on-elsewedy-electric-board-essam-abdelhadi-joins-advisory-board-of-nawah-scientific\/\">\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=Shahinaz Foda replaces Frederic Abbal on ElSewedy Electric board + Essam Abdelhadi joins advisory board of Nawah Scientific&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/shahinaz-foda-replaces-frederic-abbal-on-elsewedy-electric-board-essam-abdelhadi-joins-advisory-board-of-nawah-scientific\/\">\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\/13\/shahinaz-foda-replaces-frederic-abbal-on-elsewedy-electric-board-essam-abdelhadi-joins-advisory-board-of-nawah-scientific\/&title=Shahinaz Foda replaces Frederic Abbal on ElSewedy Electric board + Essam Abdelhadi joins advisory board of Nawah Scientific\">\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=Shahinaz+Foda+replaces+Frederic+Abbal+on+ElSewedy+Electric+board+%2B+Essam+Abdelhadi+joins+advisory+board+of+Nawah+Scientific+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fshahinaz-foda-replaces-frederic-abbal-on-elsewedy-electric-board-essam-abdelhadi-joins-advisory-board-of-nawah-scientific%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\/13\/shahinaz-foda-replaces-frederic-abbal-on-elsewedy-electric-board-essam-abdelhadi-joins-advisory-board-of-nawah-scientific\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556152\" class=\"content-area-description single-story post-556152 post type-post status-publish format-standard hentry category-moves tag-elsewedy-electric tag-enterpriseam tag-moves tag-nawah-scientific wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Shahinaz Nabil Foda<\/strong> will replace <strong>Frederic Christian Abbal<\/strong> on the <strong>board of El<\/strong><strong>sewedy Electric<\/strong>, following Abbal\u2019s resignation, the company said <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%8A%20%D8%A7%D9%84%D9%8A%D9%83%D8%AA%D8%B1%D9%8A%D9%83%20%D9%85%D8%AC%D9%84%D8%B3%20%D8%A7%D8%AF%D8%A7%D8%B1%D8%A9%2011-10-2021.pdf\">in a statement (pdf)<\/a> today.<\/p>\n<p><strong>Essam Abdelhadi <\/strong>(<a href=\"https:\/\/ae.linkedin.com\/in\/essam-hadi-4423b422\">LinkedIn<\/a>), former VP for the Middle East, Turkey, Africa and Pakistan at health tech company Abbott, has joined the <strong>advisory board<\/strong> of Egyptian life science startup<a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/23\/how-egypts-educational-technology-startups-can-help-tackle-its-education-systems-problems-8930\/\"><\/a><strong><a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/23\/how-egypts-educational-technology-startups-can-help-tackle-its-education-systems-problems-8930\/\">Nawah Scientific<\/a><\/strong>, after acquiring a stake the company. A Nawah official declined to tell us the size of the stake<\/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\/elsewedy-electric\/\">Elsewedy Electric<\/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\/nawah-scientific\/\">Nawah Scientific<\/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=\"556153\" 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=\"556153\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/556153\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556153\" class=\"content-area-description single-story post-556153 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=\"556154\" 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=\"556154\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/el-sisis-day-in-budapest-kept-the-talking-heads-busy-football-season-kicks-off\/\">\r\n                            El Sisi\u2019s day in Budapest kept the talking heads busy + football season kicks off                        <\/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\/13\/el-sisis-day-in-budapest-kept-the-talking-heads-busy-football-season-kicks-off\/\" 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\/13\/el-sisis-day-in-budapest-kept-the-talking-heads-busy-football-season-kicks-off\/')\">\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\/13\/el-sisis-day-in-budapest-kept-the-talking-heads-busy-football-season-kicks-off\/\">\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 day in Budapest kept the talking heads busy + football season kicks off&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/el-sisis-day-in-budapest-kept-the-talking-heads-busy-football-season-kicks-off\/\">\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\/13\/el-sisis-day-in-budapest-kept-the-talking-heads-busy-football-season-kicks-off\/&title=El Sisi\u2019s day in Budapest kept the talking heads busy + football season kicks off\">\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+day+in+Budapest+kept+the+talking+heads+busy+%2B+football+season+kicks+off+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fel-sisis-day-in-budapest-kept-the-talking-heads-busy-football-season-kicks-off%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\/13\/el-sisis-day-in-budapest-kept-the-talking-heads-busy-football-season-kicks-off\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556154\" class=\"content-area-description single-story post-556154 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-commodities tag-diplomacy tag-energy tag-enterpriseam tag-inflation tag-last-nights-talk-shows tag-politics 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 day in Budapest was front and center on the <\/strong><strong>airwaves last night<\/strong>. Sada El Balad (<a href=\"https:\/\/www.youtube.com\/watch?v=16OTXU1cJz8&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\">watch, runtime: 1:16<\/a>), El Hayah El Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=IPoXmJGYkSI\">watch, runtime: 5:40<\/a>), Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=urbjpgh-eEc\">watch, runtime: 2:44<\/a>), and DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=nBw26dzJnhY&ab_channel=dmc\">watch, runtime: 8:01<\/a>) all aired highlights of the president\u2019s speech during the Visegrad (V4) summit, which we recap in full in Diplomacy, below.<\/p>\n<p><strong>Al Hayah Al Youm\u2019s Moustafa Sherdy and Ala Mas\u2019ouleety\u2019s Ahmed Moussa spoke to pundits to discuss the bigger picture<\/strong>. The talking heads noted that Egypt is uniquely placed as the only country from the region to take part in the closed summit and discussed the political implications of taking part (watch, <a href=\"https:\/\/www.youtube.com\/watch?v=zJfBE-wpIKc&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\">runtime: 11:12<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=aYZcJJFNCu0&ab_channel=AlHayahTVNetwork\">runtime: 7:58<\/a>). Moussa also phoned Presidential Spokesperson Bassem Rady for a recap of the day (<a href=\"https:\/\/www.youtube.com\/watch?v=VnIBy1Jf6eY&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\">watch, runtime: 5:22<\/a>).<\/p>\n<p><strong>What\u2019s the Visegrad Group? <\/strong>Think of it as the \u201cBig Four\u201d of central Europe: Members include the Czech Republic, Slovakia, Poland and Hungary.<\/p>\n<p><strong>Inflation was another topic of note last night:<\/strong> Spiraling energy and commodity prices worldwide, which are beginning to translate into higher headline inflation domestically, were the key discussion point in a phone call between Moussa and cabinet spokesperson Nader Saad (<a href=\"https:\/\/www.youtube.com\/watch?v=z4TAznA7x2M&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\">watch, runtime: 4:48<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=uRGQb7SV13E&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\">runtime: 2:27<\/a>).<\/p>\n<p><strong>Are importers going to get a break? <\/strong>Moussa asked Saad whether officials are mulling lower customs rates to limit the effect of global inflation at home. According to Saad, this is still not on the agenda, with authorities currently only focused on maintaining strategic stockpiles of key commodities to boost supply when needed (<a href=\"https:\/\/www.youtube.com\/watch?v=kJS8vi0fQX4&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\">watch, runtime: 1:47<\/a>).<\/p>\n<p><strong>The Egyptian Premier League draw<\/strong> as the nation braces for the start of the 2021-2022 football season, also made the rounds. You can watch the <a href=\"https:\/\/www.youtube.com\/watch?v=mxlt7Jhr-EI&ab_channel=ONTimeSports\">full event here<\/a> (runtime: 38:25).<\/p>\n<p><strong>Speaking of football, the upcoming season will see the return of live fans to stadiums<\/strong> <strong>for the first time since covid<\/strong>. Attendance will be limited to 2000 per stadium under an agreement reached with the Interior Ministry, Ahmed Diab, the head of the association of pro Egyptian clubs said during the draw (<a href=\"https:\/\/youtu.be\/zppAarPjNP8?t=255\">watch, runtime: 6:08<\/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\/commodities\/\">commodities<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/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=\"556155\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-0oy5p4r\" data-v=\"4\" data-block-id=\"0oy5p4r\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0oy5p4r-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0oy5p4r-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-bw8br5j\" data-v=\"4\" data-block-id=\"bw8br5j\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-bw8br5j-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-bw8br5j-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-luz1t2a\" data-v=\"4\" data-block-id=\"luz1t2a\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-luz1t2a-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-luz1t2a-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-5ewhqvk\" data-v=\"4\" data-block-id=\"5ewhqvk\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-5ewhqvk-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-5ewhqvk-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556156\" 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=\"556156\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/flight-bookings-to-egypt-on-the-rise\/\">\r\n                            Flight bookings to Egypt on the rise                        <\/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\/13\/flight-bookings-to-egypt-on-the-rise\/\" 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\/13\/flight-bookings-to-egypt-on-the-rise\/')\">\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\/13\/flight-bookings-to-egypt-on-the-rise\/\">\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=Flight bookings to Egypt on the rise&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/flight-bookings-to-egypt-on-the-rise\/\">\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\/13\/flight-bookings-to-egypt-on-the-rise\/&title=Flight bookings to Egypt on the rise\">\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=Flight+bookings+to+Egypt+on+the+rise+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fflight-bookings-to-egypt-on-the-rise%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\/13\/flight-bookings-to-egypt-on-the-rise\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556156\" class=\"content-area-description single-story post-556156 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-aviation tag-easyjet tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a quiet morning for Egypt <\/strong>in the global press:<\/p>\n<ul>\n<li><strong>Bookings to Egypt and Turkey from the UK have soared 400% <\/strong>since our removal from the red list, an Easyjet executive says. (<a href=\"https:\/\/www.theguardian.com\/business\/2021\/oct\/12\/easyjet-loss-october-half-term-canary-islands\">The Guardian<\/a>)<\/li>\n<li><strong>A pair of Sphinx statues in a UK couple\u2019s garden were discovered to be<\/strong><strong> genuine Egyptian artifacts<\/strong> dating back some 5k years and have been sold for nearly GBP 200k at an auction yesterday. Antiquities theft? The English? Perish the thought. Certainly nothing more than a perfectly normal mistake to have made, yeah? (<a href=\"https:\/\/www.express.co.uk\/news\/science\/1504683\/egypt-archaeology-news-garden-ornament-ancient-egyptian-sphinx-statue-suffolk\">Express<\/a>)<\/li>\n<li><strong>Egyptian burn victim Hend El Banna is helping others with her condition <\/strong><strong>overcome stigma<\/strong> through her \u201cEhtewa\u2019a\u201d (inclusion) association, a charitable organization she runs from Alexandria, Egypt, reports <a href=\"https:\/\/www.reuters.com\/world\/africa\/egyptian-group-helps-burn-victims-fight-stigma-2021-10-11\/\">Reuters<\/a>.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/easyjet\/\">EasyJet<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556157\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556158\" 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=\"556158\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/gasc-calls-off-wheat-tender-due-to-high-prices\/\">\r\n                            GASC calls off wheat tender due to high prices                        <\/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\/13\/gasc-calls-off-wheat-tender-due-to-high-prices\/\" 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\/13\/gasc-calls-off-wheat-tender-due-to-high-prices\/')\">\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\/13\/gasc-calls-off-wheat-tender-due-to-high-prices\/\">\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=GASC calls off wheat tender due to high prices&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/gasc-calls-off-wheat-tender-due-to-high-prices\/\">\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\/13\/gasc-calls-off-wheat-tender-due-to-high-prices\/&title=GASC calls off wheat tender due to high prices\">\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=GASC+calls+off+wheat+tender+due+to+high+prices+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fgasc-calls-off-wheat-tender-due-to-high-prices%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\/13\/gasc-calls-off-wheat-tender-due-to-high-prices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556158\" class=\"content-area-description single-story post-556158 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-easyjet tag-ebrd tag-enterpriseam tag-gasc tag-gender tag-hyundai-rotem tag-tourism tag-transport tag-wheat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>State grain buyer GASC has called off a wheat tender<\/strong> <strong>as prices offered were higher than expected<\/strong> <a href=\"https:\/\/www.nasdaq.com\/articles\/egypts-gasc-cancels-international-tender-for-wheat-2021-10-12\">Reuters<\/a> reported. The tender was due for shipment between 23 November and 3 December. This is the fourth time Egypt has called off a tender in recent months, with average wheat prices jumping by as much as USD 100 per tonne since the season began. GASC bought 240k tonnes of Russian and Romanian wheat in a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cbac850f-9cb1-4a23-8179-4ea16841375a\">tender earlier this week<\/a>for shipment in the second half of November, and at an average price of USD 320.51 per mn tonnes FOB and USD 351.61\/mt CFR. The transaction came as high tariffs on exports impact the Russian grain trade and imperil one of the main supply lines for Egypt, the world\u2019s biggest wheat importer. That said, we have been relying less on Russian wheat, which accounted for just 20% of all grain imports by August this season, a seven-year low. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-12\/expensive-wheat-prompts-top-buyer-egypt-to-skip-tender-purchase?sref=mmeFTDW1\">Bloomberg<\/a> also has the story.<\/p><p><strong>Americana Holding Egypt has acquired a 53% stake in <\/strong><strong>Cairo Poultry<\/strong> after consolidating three separate stakes that were held by sister companies or subsidiaries \u2014 Americana Group Kuwait, the Egyptian Company for International Tourism Projects (Americana Egypt), and Americana Group, according to four separate EGX disclosures (<a href=\"https:\/\/ent.news\/2021\/10\/Cairo-Poulty-Sale-3-12-10-2021.pdf\">here<\/a>, <a href=\"https:\/\/ent.news\/2021\/10\/Cairo-Poulty-Sale-2-12-10-2021.pdf\">here<\/a>, <a href=\"https:\/\/ent.news\/2021\/10\/Cairo-Poulty-Sale-1-12-10-2021.pdf\">here<\/a>, and <a href=\"https:\/\/ent.news\/2021\/10\/Cairo-Poulty-Purchase-4-12-10-2021.pdf\">here<\/a> \u2014 pdf). The three companies each held 4.4%, 15.3%, and 33.8%, respectively.<\/p><p><strong>Four Nile City shareholders offload their entire stakes:<\/strong> Amusement Touristic and Real Estate Investment has sold its entire 28.2% stake in Nile City in a EGP 703 mn transaction, according to an EGX <a href=\"https:\/\/ent.news\/2021\/10\/Amusment-.pdf\">disclosure (pdf)<\/a>. Minority shareholders Golden C for Real Estate and Touristic Investments and Trigger Bay for Real Estate and Touristic Investments each sold their 4.98% stakes in the company, worth EGP 124.3 mn apiece, while Gazelle sold its 0.016% holdings, according an <a href=\"https:\/\/ent.news\/2021\/10\/Nile-City.pdf\">EGX disclosure (pdf)<\/a>. The shares were sold at EGP 344.28 apiece.<\/p><p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p><ul>\n<li><strong>Egypt is among 32 low-income countries that lost USD 126 bn last year as a result <\/strong><strong>of the digital gender gap, <\/strong>according to a <a href=\"https:\/\/webfoundation.org\/research\/costs-of-exclusion-report\/\">report<\/a> on the costs of women\u2019s digital exclusion by web pioneer Tim Berners-Lees\u2019 World Wide Web Foundation and the Alliance for Affordable Internet (A4AI).<\/li>\n<li><strong>Eighty unemployed Egyptians <\/strong><strong><a href=\"https:\/\/www.ebrd.com\/news\/2021\/ebrd-boosts-youth-participation-in-egyptian-economy.html\">are getting<\/a><\/strong><strong> training<\/strong> for maintenance of rolling stock for Cairo Metro Line 2, courtesy of the European Bank for Reconstruction and Development <strong>(EBRD) and Hyundai Rotem<\/strong>.<\/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\/easyjet\/\">EasyJet<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gasc\/\">GASC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hyundai-rotem\/\">Hyundai Rotem<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/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=\"556159\" 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=\"556159\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/daily-infection-tally-still-climbing-hits-857\/\">\r\n                            Daily infection tally still climbing, hits 857                        <\/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\/13\/daily-infection-tally-still-climbing-hits-857\/\" 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\/13\/daily-infection-tally-still-climbing-hits-857\/')\">\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\/13\/daily-infection-tally-still-climbing-hits-857\/\">\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=Daily infection tally still climbing, hits 857&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/daily-infection-tally-still-climbing-hits-857\/\">\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\/13\/daily-infection-tally-still-climbing-hits-857\/&title=Daily infection tally still climbing, hits 857\">\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=Daily+infection+tally+still+climbing%2C+hits+857+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fdaily-infection-tally-still-climbing-hits-857%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\/13\/daily-infection-tally-still-climbing-hits-857\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556159\" class=\"content-area-description single-story post-556159 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/photo?fbid=181572887487267&set=a.113299807647909\">reported<\/a><\/strong> <strong>857 new covid-19 infections yesterday<\/strong>, up from 846 the day before. Egypt has now disclosed a total of 314,116 confirmed cases of covid-19. The ministry also reported 39 new deaths, bringing the country\u2019s total death toll to 17,765.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556160\" 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=\"556160\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/are-spacs-making-a-comeback-acwa-ipo-momentum-cools-on-second-trading-day\/\">\r\n                            Are SPACs making a comeback? + ACWA IPO momentum cools on second trading day                        <\/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\/13\/are-spacs-making-a-comeback-acwa-ipo-momentum-cools-on-second-trading-day\/\" 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\/13\/are-spacs-making-a-comeback-acwa-ipo-momentum-cools-on-second-trading-day\/')\">\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\/13\/are-spacs-making-a-comeback-acwa-ipo-momentum-cools-on-second-trading-day\/\">\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=Are SPACs making a comeback? + ACWA IPO momentum cools on second trading day&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/are-spacs-making-a-comeback-acwa-ipo-momentum-cools-on-second-trading-day\/\">\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\/13\/are-spacs-making-a-comeback-acwa-ipo-momentum-cools-on-second-trading-day\/&title=Are SPACs making a comeback? + ACWA IPO momentum cools on second trading day\">\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=Are+SPACs+making+a+comeback%3F+%2B+ACWA+IPO+momentum+cools+on+second+trading+day+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fare-spacs-making-a-comeback-acwa-ipo-momentum-cools-on-second-trading-day%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\/13\/are-spacs-making-a-comeback-acwa-ipo-momentum-cools-on-second-trading-day\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556160\" class=\"content-area-description single-story post-556160 post type-post status-publish format-standard hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance tag-uranium wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>SPACs get a reputation makeover: <\/strong>The latest incarnation of special-purpose acquisition companies has some investors hailing them as an almost no-risk venture that makes a good alternative to short-term bonds, according to the <a href=\"https:\/\/www.wsj.com\/articles\/some-investors-find-stability-in-spacs-11634007742?mod=hp_lead_pos5\">WSJ<\/a>. Once seen as a <a href=\"https:\/\/www.ft.com\/content\/6eb655a2-21f5-4313-b287-964a63dd88b3\">fraud magnet<\/a>, the unusual investment vehicles became <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6ab3251-641a-4e2c-aa00-6b8486d10c68\">a major 2020 craze<\/a> before seeming to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff17fda8-d998-4d3a-9323-36d257f1abd9\">lose their appeal<\/a>. Now some investors say the slump in the market following last year\u2019s rapid increase in the number of SPACS means shares are trading at a discount and high yields can be achieved through short-term \u201cSPAC arbitrage\u201d: Redeeming shares for a higher value once a merger is announced or the SPAC is liquidated.<\/p><p><strong>Shares of ACWA Power sank on their second trading day<\/strong>, failing to maintain the momentum of a record debut on Tadawul and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-12\/biggest-saudi-listing-since-aramco-slumps-on-second-trading-day?srnd=premium-middle-east&amp;sref=mmeFTDW1\">finishing down 8.4%<\/a> at the closing bell. The drop came after the Saudi energy player, whose listing was the biggest in the kingdom since Aramco\u2019s, saw its share price gain a massive 30% on its first day as a public company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/58ed4d64-31ae-49aa-a3e7-2949306b07aa\">earlier this week<\/a>.<\/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>10783.92<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: -0.6%)<\/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>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>11,542.88<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: 32.8%)<\/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>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>7,786.89<\/p>\n<\/td>\n<td>\n<p>+0.06% (YTD: 53.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,787.72<\/p>\n<\/td>\n<td>\n<p>+0.6% (YTD: 11.9%)<\/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>4,362.22<\/p>\n<\/td>\n<td>\n<p>+0.02% (YTD: 16.1%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,130.23<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: 10.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 83.37<\/p>\n<\/td>\n<td>\n<p>-0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 5.52<\/p>\n<\/td>\n<td>\n<p>+3.2%<\/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 1,759.10<\/p>\n<\/td>\n<td>\n<p>+0.2%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 55,757.06<\/p>\n<\/td>\n<td>\n<p>-2.6% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 0.7% yesterday<\/strong> on turnover of EGP 811 mn (46.4% below the 90-day average). Regional investors were net buyers. The index is down 0.6% YTD.<\/p><p><strong>In the green: <\/strong>ElSewedy Electric (+3.6%), Orascom Development Egypt (+2.5%), and Ibnsina Pharma (+2.2%).<\/p><p><strong>In the red: <\/strong>AMOC (-3.9%), Pioneers Properties (-3.4%) and Raya Holding (-1.9%).<\/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\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uranium\/\">uranium<\/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=\"556161\" 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=\"556161\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/sisi-gives-speech-at-visegrad-group-summit\/\">\r\n                            Sisi gives speech at Visegrad Group summit                        <\/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\/13\/sisi-gives-speech-at-visegrad-group-summit\/\" 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\/13\/sisi-gives-speech-at-visegrad-group-summit\/')\">\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\/13\/sisi-gives-speech-at-visegrad-group-summit\/\">\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=Sisi gives speech at Visegrad Group summit&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/sisi-gives-speech-at-visegrad-group-summit\/\">\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\/13\/sisi-gives-speech-at-visegrad-group-summit\/&title=Sisi gives speech at Visegrad Group summit\">\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=Sisi+gives+speech+at+Visegrad+Group+summit+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F13%2Fsisi-gives-speech-at-visegrad-group-summit%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\/13\/sisi-gives-speech-at-visegrad-group-summit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556161\" class=\"content-area-description single-story post-556161 post type-post status-publish format-standard hentry category-diplomacy tag-abdel-fattah-el-sisi tag-diplomacy tag-enterpriseam tag-europe wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Hungary pushes EU to give Egypt more support on anti-terrorism + economic<\/strong><strong> recovery:<\/strong> The EU should accept Egypt as a strategic partner and provide security and economic assistance to Egypt to help build the economy and protect its borders, Hungarian Prime Minister Viktor Orban said at a joint press conference after the Visegrad (V4) summit with President Abdel Fattah El Sisi in Budapest yesterday. Orban stressed Egypt\u2019s position as a key ally to the EU in coping with migration, according to a Hungarian <a href=\"https:\/\/miniszterelnok.hu\/strengthening-of-egypt-is-a-fundamental-interest\/\">government statement<\/a>. . The Hungarian prime minister\u2019s statements take us <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/30\/egypt-lands-eur-600-mn-in-funding-for-eu-but-no-turkey-style-refugee-agreement\/\">back to 2017<\/a>, when Egypt was hoping to land a Turkey-style migration pact that would have seen Egypt step up its efforts to stop the flow of migrants in return for substantial investments and other financial investment from the EU.<\/p>\n<p><strong>El Sisi also touched on Egypt\u2019s efforts to integrate refugees and raise rural living standards<\/strong> during his speech at the summit, telling leaders of the group\u2019s member countries \u2014 Poland, Slovakia, Hungary, and the Czech Republic \u2014 that there was a need for Europe to have a better understanding of events in Egypt, according to an Ittihadiya <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/421339516021449\">statement<\/a>. Egypt joined the V4 summit for the second time, after being invited for the first time <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/05\/president-el-sisi-discusses-refugees-crisis-at-visegrad-group-egypt-summit\/\">in 2017<\/a>.<\/p>\n<p><strong>El Sisi also talked GERD in a one-on-one with his Hungarian counterpart<\/strong>, J\u00e1nos \u00c1der, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/421623992659668?__cft__[0]=AZU0kg274DVIJk6YHrfSajuD4HrpW34WNfw8eJZVwkhSJzCDLPwU4DskuTfMTORoRC3l5Np79gl23x6f_gzwPNpMTonB5dzoc1krD1_GQe1Yj4cr91MAYcbgTj9YK2iGxJNEYWc_tLeZMes_AVnkXaDS&__tn__=%2CO%2CP-R\">Ittihadiya said<\/a> in a statement. El Sisi reiterated that Egypt is after a binding agreement with Ethiopia on filling and operating the dam to resolve the dispute, and that it\u2019s not asking for more than its <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/421653525990048?__cft__[0]=AZWso-6TBw1Fd8PbqRkt_FPEaI9pMSu_Z_bpNiqaC-1kU6cECbvNGun_4tDJrzBW46tO9zniQIuERtqIcolq0fX9PkwY7HxSG2uj7dxgHda558__YU20vCgIXOCC4n4yS8sbEYoyPLEHB4C445IvuPat&__tn__=%2CO%2CP-R\">fair share of Nile water<\/a>.<\/p>\n<p><strong>ELSEWHERE IN DIPLOMACY-<\/strong> House Speaker Hanafy El Gebali and Senate President Abdel-Wahab Abdel-Razeq <a href=\"https:\/\/www.sis.gov.eg\/Story\/225092\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%B4%D9%8A%D9%88%D8%AE-%D9%8A%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AC%D9%85%D8%B9%D9%8A%D8%A9-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9-%D9%84%D8%AC%D9%85%D9%87%D9%88%D8%B1%D9%8A%D8%A9-%D9%83%D9%88%D8%B1%D9%8A%D8%A7-%D8%A7%D9%84%D8%AC%D9%86%D9%88%D8%A8%D9%8A%D8%A9?lang=ar\">met<\/a> with <strong>South Korea<\/strong>\u2019s National Assembly Speaker Park Byeong-seug on Monday to discuss Egypt\u2019s diplomatic role in restoring peace on the Korean peninsula. Park <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7e5e4320-204c-44d9-bd06-643a2842cdbe\">met<\/a> with El Sisi earlier this week to discuss economic cooperation and international security.<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/europe\/\">Europe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"556162\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhat\/\">\r\n                            Read Hardhat                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">13<\/div>\r\n    \r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-auto-sector-is-not-immune-to-the-global-chip-crisis\/\"> \r\n                            Egypt\u2019s auto sector is not immune to the global chip crisis<\/a>\r\n                        <\/h3>\r\n    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-auto-sector-is-not-immune-to-the-global-chip-crisis\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-auto-sector-is-not-immune-to-the-global-chip-crisis\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-auto-sector-is-not-immune-to-the-global-chip-crisis\/\">\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\u2019s auto sector is not immune to the global chip crisis&url=https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-auto-sector-is-not-immune-to-the-global-chip-crisis\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-auto-sector-is-not-immune-to-the-global-chip-crisis\/&title=Egypt\u2019s auto sector is not immune to the global chip crisis\">\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%E2%80%99s+auto+sector+is+not+immune+to+the+global+chip+crisis+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fhardhats%2Fegypts-auto-sector-is-not-immune-to-the-global-chip-crisis%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n    \r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-auto-sector-is-not-immune-to-the-global-chip-crisis\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/147.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"556163\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-auto-sector-is-not-immune-to-the-global-chip-crisis\/147-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/147.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"147.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/147.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/147.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-556162\" class=\"content-area-description post-556162 hardhat type-hardhat status-publish has-post-thumbnail hentry tag-abou-ghaly-motors tag-al-amal-group tag-amr-soliman tag-automotive tag-chip-shortage tag-enterprise-hardhat tag-enterpriseam tag-gb-auto tag-khaled-saad tag-mansour-kabbani tag-tamer-kotb wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>How has the global chip shortage impacted Egypt\u2019s auto sector? <\/strong>The global chip shortage has been wreaking havoc on the automotive industry worldwide. Major global automakers have been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b87d2e8-33ea-4b90-9884-1dfdd2b843ab\">forced to lower production<\/a> or announce additional factory downtime at their production facilities, including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9eb2a1d1-8f35-4c24-ac19-9839fb83700a\">Toyota<\/a>and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/244e6eb7-2840-4724-93f3-5234d46336a6\">Volkswagen<\/a>, who cut their global output by 40%. The cost of the semiconductor shortage has ballooned by over 90% for the world\u2019s automakers, resulting in an expected USD 210 bn hit to 2021 revenues, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-23\/worsening-chip-shortage-to-cost-automakers-210-billion-in-sales?sref=mmeFTDW1\">Bloomberg<\/a> reports.<\/p>\n<p><strong>What does the impact look like in Egypt? <\/strong>Enterprise spoke with local distributors and assemblers to understand how the chip crisis is translating domestically. What they tell us is that demand for cars is up substantially, but chips and other components are slow to arrive, pushing supply down (you can imagine what that\u2019s doing to prices). While automakers are not sweating currently as most are still using up their inventories from last year\u2019s covid-induced slow downs, the worst seems yet to come should the chip shortage continue into next year, they tell us.<\/p>\n<p><strong>As an importing nation, the impact is very real: <\/strong>The shortage was affecting the company on two fronts: fully-assembled cars they import from abroad as well as CKDs (Completely Knocked Down) which are components that they import but assemble into a car at their local facilities, GB Auto board member Mansour Kabbani explains to Enterprise. CKDs were more affected due the automaker being unable to access enough electronic control units (ECUs). Abou Ghaly Motors has felt the impact since February of this year, Group Commercial Director Tamer Kotb told us. Their car imports have fallen 50% in 2021 due to the lack of supply in the market.<\/p>\n<p><strong>This has naturally begun to impact production:<\/strong> GB Auto said it was forced to slash production due to the global chip shortage <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/18f68872-74b1-487f-a40a-5615b65fe095\">back in May<\/a>. GB Auto eventually ordered the missing ECUs by plane to make up for the shortage, however, their assembly lines are still operating at 70-80% of their production capacity.<\/p>\n<p><strong>And sales targets: <\/strong>Abou Ghaly had been targeting sales of 6k cars this year, the figure is now projected to fall short to 3-4k cars, Kotb said.<\/p>\n<p><strong>This comes despite increasing demand: <\/strong>Demand is expected to reach 220k cars in Egypt in 2021, compared to 175k in 2020 and 160k in 2019, according to Kotb. Passenger car sales grew <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b8906b3f-3102-451e-8ad7-4f9439a5e3f2\">15% y-o-y<\/a> in August and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b70fb498-8ab7-4750-93cf-ff46f14115fa\">43% y-o-y<\/a> in July, with some 18.3k vehicles sold in August and 17.8k in July according to the latest figures from industry association Automotive Information Council (AMIC).<\/p>\n<p><strong>Global supply chain woes aren\u2019t helping things:<\/strong> Shipping costs for chips and all other car components have increased around 400% YtD for local firms as a shortage in containers pushes shipping prices upwards, causing a simultaneous crisis for the local sector, said Amr Soliman, the chairman of Al Amal Group, the local agent of Lada and BYD vehicles. He tells us that Al Amal Group is currently using its existing stock of chips.<\/p>\n<p><strong>Meaning waiting times have gone up for imported cars: <\/strong>The high demand has led to GB Auto\u2019s inventory turnover rate for imported cars to be at nearly 100%. Waiting times have consequently significantly increased. \u201cUsually, people ask for a car and we direct them to the nearest dealership where it\u2019s available. Usually, they\u2019ll have to wait 2-3 weeks for their cars to arrive,\u201d Kabbani says. However, waiting times have increased to three months in many cases as supply and shipping hinder availability. At Abou Ghaly motors, there\u2019s now a waiting list to even reserve a car model \u2014 meaning once you reserve, you\u2019ll still have to wait between 1-3 months for the car to arrive, Soliman explains.<\/p>\n<p><strong>Naturally, all this is being reflected in prices: <\/strong>While GB Auto has seen prices go up only 2-3% this year in their range of cars, while Abou Ghaly reports no price changes, prices on the secondary market have risen between EGP 30-200k as dealers buy from local distributors and sell at a markup, our sources said.<\/p>\n<p><strong>And even licensed distributors are going to markup their prices: <\/strong>Car prices could go up another 10-15% in the coming period, Soliman tells us. This is a global phenomenon, he added, with international car distributors warning about falling inventories of cars to export abroad. <a href=\"https:\/\/bit.ly\/3mlg2Vs\">Dynamics Distribution<\/a> and <a href=\"https:\/\/bit.ly\/3aauppH\">El Saba Group<\/a> also signalled that car prices are due to increase in reports to Hapi Journal.<\/p>\n<p><strong>How is the auto industry adapting? <\/strong>GB Auto has diversified its product offerings by purchasing them from different geographic locations where they are more readily available, Kabbani explained. The chip shortage is felt most in the US and Europe, but less so in China and other Asian countries, he added. Meanwhile, Abou Ghaly has been heavily pushing its after-sales services to ensure that they still have a hold on prospective customers. They\u2019ve also begun solidifying relations with shipping partners to create a smart and fast logistics chain, Kotb added.<\/p>\n<p><strong>But woe to the market should the shortage continue: <\/strong>\u201cIf the chip shortage is with us by November, we\u2019ll definitely start feeling the strain,\u201d Khaled Saad, the head of the Egyptian Association of Automobile Manufacturers and the managing director of the Brilliance Bavarian Company, told Enterprise. Ditto Abou Ghaly, as Kotb tells us that if nothing changes by December, many of the auto group's partners that locally assemble cars could reduce production to keep supplies around for as long as possible.<\/p>\n<p><strong>\u2026And they expect it will: <\/strong>It\u2019s expected the shortage will continue \u201cwell into 2022\u201d, Kabbani tells us. Saad and Soliman expect the impact to diminish by 2H2022, while Kotb predicts we\u2019ll see the light by 2Q2022. But it might take even longer than local insiders believe, with global industry experts saying the semiconductor shortage <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b90ef70b-8994-44d7-9515-1ac613a2eef4\">could take years to resolve<\/a>. <strong>So far, no one we\u2019ve talked to has a solid plan for what happens if the chip crisis extends beyond 2022.<\/strong><\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Fuel hikes: <\/strong>The government\u2019s fuel pricing committee <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/390900ee-1b5c-47ff-89a3-2a7cc122897e\">raised<\/a> the price at the nation\u2019s pumps by EGP 0.25 on Friday in response to spiraling international costs.<\/li>\n<li><strong>Nile Misr Healthcare goes long on Africa<\/strong>: Misr Capital and Elevate Private Equity\u2019s USD 380 mn healthcare investment platform, launched in April, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6028d69-8594-4a77-84af-171c635e2279\">will invest<\/a> 30% of its capital in Ghana, Kenya and C\u00f4te d\u2019Ivoire.<\/li>\n<li><strong>EETC to power monorail substations: <\/strong>EETC has inked <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/247228917447536?__cft__[0]=AZUI4lQz6o86hFjFZByjJKCCG67rsFnUVVNR0MwhRmNJmq6wV3jyw7cxVeDvUghSgDVedsn6wn538-pCaW6_wedhPTMLQaQHkjAuAVlr3sGGNSqGP8q08RIokZ4gHwghePctaFCs_srccS-bUcBSiVw3&__tn__=%2CO%2CP-R\">EGP 271 mn contracts<\/a> with Elsewedy\u2019s Egytech Cables and a consortium of Egypt Cables and Al-Gammal Contracting to power substations in Sheikh Zayed that will be used for the upcoming monorail project.<\/li>\n<li><strong>Investment prospect in Alexandria Port<\/strong>: The Alexandria Port Authority <a href=\"https:\/\/alborsaanews.com\/2021\/10\/12\/1470894\">is planning to tender<\/a> a 31k sqm land plot in the port\u2019s fifth zone to private sector investors to set up container terminals or storage facilities.<\/li>\n<li><strong>Lebanon runs out of fuel<\/strong>: Lebanon\u2019s energy crunch forced it to shut down its two main state-owned electricity plants <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ade5b193-7fca-4466-aaeb-50dd2ff7338c\">last weekend<\/a>, leaving large parts of the country with no power.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abou-ghaly-motors\/\">Abou Ghaly Motors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-amal-group\/\">Al Amal Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amr-soliman\/\">Amr Soliman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chip-shortage\/\">chip shortage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gb-auto\/\">GB Auto<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khaled-saad\/\">Khaled Saad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mansour-kabbani\/\">Mansour Kabbani<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tamer-kotb\/\">Tamer Kotb<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"556164\" 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\/13\/your-essential-business-calendar-for-13-october-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556164\" class=\"content-area-description single-story post-556164 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>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>9-15 October (Saturday-Friday): <a href=\"https:\/\/bit.ly\/3uCd8zg\">Turathna Exhibition<\/a>, Egypt International Exhibition Center, Cairo, Egypt.<\/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>13 October (Wednesday): Meeting of <a href=\"https:\/\/www.bancaditalia.it\/media\/notizia\/4th-g20-finance-ministers-and-central-bank-governors-washington-meeting-13-october-2021\/?com.dotmarketing.htmlpage.language=1\">G20 Finance Ministers and Central Bank Governors<\/a>, Washington DC.<\/p>\n<p>14-15 October (Thursday-Friday): <a href=\"https:\/\/au.int\/en\/newsevents\/20211014\/39th-ordinary-session-executive-council\">The Ordinary Session of the Executive Council of the African Union<\/a>, African Union Headquarters, Addis Ababa, Ethiopia.<\/p>\n<p>Mid-October: The Egyptian Banking Institute, the Financial Services Institute, and I-Score will begin airing in mid-October the Digital Credit Scoring Webinar Series, a line-up of webinars on the banking sector and banking regulations.<\/p>\n<p>18 October (Monday): E-Finance begins trading on EGX.<\/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>30-31 October (Saturday-Sunday): <a href=\"http:\/\/sdg.iisd.org\/events\/g20-leaders-summit-2021\/\">G20 Leaders\u2019 Summit<\/a>, Rome, Italy.<\/p>\n<p>31 October (Saturday): <a href=\"https:\/\/urbanoctober.unhabitat.org\/wcd\">World Cities Day<\/a>, Luxor, 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>15-21 November (Monday-Sunday): <a href=\"https:\/\/www.intrafricantradefair.com\/en\">Intra-African Trade Fair 2021<\/a>, Durban, KwaZulu-Natal, South Africa.<\/p>\n<p>16-17 November (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/p>\n<p>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>19 February 2022 (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>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>18-20 October 2022 (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":556141,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-556140","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"41ab9f85-5846-40dc-b038-41fb0c331c53","teaser":"","photo_url":"https:\/\/ent.news\/2021\/10\/139.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>Enterprise e-Finance prices IPO at the top of the range - 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\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise e-Finance prices IPO at the top of the range\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T01:10:54+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\/139.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\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/\",\"name\":\"Enterprise e-Finance prices IPO at the top of the range - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/139.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-10-13T04:03:08+00:00\",\"dateModified\":\"2025-12-16T01:10:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/139.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/139.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Enterprise e-Finance prices IPO at the top of the range\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Enterprise e-Finance prices IPO at the top of the range - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/","og_locale":"en_US","og_type":"article","og_title":"Enterprise e-Finance prices IPO at the top of the range","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T01:10:54+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/139.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/","name":"Enterprise e-Finance prices IPO at the top of the range - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/139.jpg?fit=%2C&ssl=1","datePublished":"2021-10-13T04:03:08+00:00","dateModified":"2025-12-16T01:10:54+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/139.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/139.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-e-finance-prices-ipo-at-the-top-of-the-range\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Enterprise e-Finance prices IPO at the top of the range"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556140\/revisions"}],"predecessor-version":[{"id":556174,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556140\/revisions\/556174"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/556141"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}