{"id":556288,"date":"2021-10-19T04:11:35","date_gmt":"2021-10-19T04:11:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=556288"},"modified":"2025-12-16T01:14:28","modified_gmt":"2025-12-16T01:14:28","slug":"enterprise-competition-watchdog-scolds-business-community-on-ma","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/","title":{"rendered":"Enterprise Competition watchdog scolds business community on M&#038;A"},"content":{"rendered":"<section id=\"556290\" 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=\"556290\">\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\/19\/this-morning-luxor-sharm-flights-to-start-this-month-lots-of-wrangling-ahead-of-global-climate-summit\/\">\r\n                            THIS MORNING: Luxor-Sharm flights to start this month + lots of wrangling ahead of global climate 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\/19\/this-morning-luxor-sharm-flights-to-start-this-month-lots-of-wrangling-ahead-of-global-climate-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\/19\/this-morning-luxor-sharm-flights-to-start-this-month-lots-of-wrangling-ahead-of-global-climate-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\/19\/this-morning-luxor-sharm-flights-to-start-this-month-lots-of-wrangling-ahead-of-global-climate-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=THIS MORNING: Luxor-Sharm flights to start this month + lots of wrangling ahead of global climate summit&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/this-morning-luxor-sharm-flights-to-start-this-month-lots-of-wrangling-ahead-of-global-climate-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\/19\/this-morning-luxor-sharm-flights-to-start-this-month-lots-of-wrangling-ahead-of-global-climate-summit\/&title=THIS MORNING: Luxor-Sharm flights to start this month + lots of wrangling ahead of global climate 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=THIS+MORNING%3A+Luxor-Sharm+flights+to+start+this+month+%2B+lots+of+wrangling+ahead+of+global+climate+summit+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fthis-morning-luxor-sharm-flights-to-start-this-month-lots-of-wrangling-ahead-of-global-climate-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\/19\/this-morning-luxor-sharm-flights-to-start-this-month-lots-of-wrangling-ahead-of-global-climate-summit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556290\" class=\"content-area-description single-story post-556290 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-aviation tag-climate-change tag-cop27 tag-enterpriseam tag-tourism 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 an unusually calm news day for you this morning (not that we\u2019re complaining\u2026) with no single story driving the narrative. At home, there\u2019s plenty of investment news from planet startup and the ins. industry, while abroad the big story is the FT\u2019s piece on bond investors getting pressure from activists to pull back from countries with spotty rights records.<\/p><p><strong>HAPPENING TODAY- President Abdel Fattah El Sisi will be in Athens today<\/strong> for a summit alongside Cypriot President Nicos Anastasiades and Greek Prime Minister Kyriakos Mitsotakis. The three officials will review trilateral cooperation, according to a <a href=\"https:\/\/www.pio.gov.cy\/%CE%B1%CE%BD%CE%B1%CE%BA%CE%BF%CE%B9%CE%BD%CF%89%CE%B8%CE%AD%CE%BD%CF%84%CE%B1-%CE%AC%CF%81%CE%B8%CF%81%CE%BF.html?id=23425#flat\">statement<\/a> from the Cypriot government. This meeting comes shortly after Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e079557-f5dc-4dcc-9d7d-a3c6837afaf7\">signed MoUs<\/a> with Greece and Cyprus to link electricity grids.<\/p><p><strong>SMART POLICY- Flights between Luxor and Sharm El Sheikh will begin running on <\/strong><strong>Wednesday, 27 <\/strong><strong>October<\/strong> for EGP 1.8k, in a bid to merge beach and antiquities tourism, cabinet said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/252169206953507?__cft__%5B0%5D=AZWp80D4TyeHQsVdaf2MwKTyNIaHbvekVGtEjqfaGiQg8igGlRJ3Bw4iF7bBIRRsyAIoVEHiA4BF-WmWBn2WaguWUwIsjit9IGR5cgcXcoMeF22HJ19ueSvehCv7PJRczkM8eoGdwVRtiyjE38dg4mii&amp;__tn__=%2CO%2CP-R\">statement<\/a>. It\u2019s unclear whether the flights will be operated by EgyptAir, one of its subsidiaries or another operator.<\/p><p><strong>CORRECTION- The government is leaving *electricity* prices for industry fixed for the<\/strong><strong> next few years<\/strong> as part of a package of incentives for the private sector. We incorrectly said in yesterday\u2019s EnterpriseAM that natural gas prices would be fixed for four years. We\u2019ve updated <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd1b4fed-8142-4464-856d-5b7e1e05ab14\">the story on our website<\/a> to reflect this correction.<\/p><p><strong>THE BIG STORY ABROAD- Preparations for the global climate summit scheduled to take<\/strong><strong> place at month\u2019s end <\/strong>in the United Kingdom. Bloomberg has an exclusive chat with UK PM Boris Johnson in which Boris is warning that <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-18\/u-k-s-johnson-sees-extremely-tough-global-climate-talks-kux7ayzv?srnd=premium-middle-east&amp;sref=mmeFTDW1\">the talks will be \u201cextremely tough.\u201d<\/a> The Wall Street Journal is similarly warning that <a href=\"https:\/\/www.wsj.com\/articles\/to-strike-a-climate-deal-poor-nations-say-they-need-trillions-from-rich-ones-11634568010?mod=hp_lead_pos6\">poor nations say they want tns of USD from rich countries<\/a> as a condition for reaching an agreement to reduce emissions. The gathering runs in Glasgow from 31 October through 12 November.<\/p><p><strong>Christmas came early for our fellow iSheep as Apple announced last night completely <\/strong><strong>redesigned 14- and 16-inch MacBook Pros. <\/strong>The highlight of the night was not the unveiling of the new M1 Pro and M1 Max processors \u2014 which blow the doors off anything Intel has in its arsenal \u2014 but the return (at last) of ports *and* MagSafe to the Pros. The new devices feature three Thunderbolt 4 ports, an HDMI port, an SD card slot and a headphone jack. The fact that it has crazy battery life, gorgeous new screen tech and insane processing power for folks who code, edit photo or video, or do other \u201ccompute intensive\u201d work? Just a bonus. Also: The touch bar is finally gone and the keyboard looks great. <strong>Apple also announced new AirPods<\/strong>, which thankfully do not have the horrible tips on the AirPods Pro.<\/p><p><strong>Missed the launch? <\/strong><a href=\"https:\/\/www.youtube.com\/watch?v=exM1uajp--A&amp;ab_channel=Apple\">You can catch it here<\/a> (runtime: 50:17) or you can check out the <a href=\"https:\/\/www.apple.com\/macbook-pro-14-and-16\/\">Macs<\/a><a href=\"https:\/\/www.apple.com\/macbook-pro-14-and-16\/\">here on Apple\u2019s website<\/a>. <strong>Want more coverage? <\/strong><a href=\"https:\/\/www.theverge.com\/2021\/10\/18\/22731639\/apple-2021-macbook-pro-unleashed-keynote-live-blog\">The Verge\u2019s liveblog<\/a> of the event is always good, and the story is getting lots of coverage everywhere from the <a href=\"https:\/\/www.ft.com\/content\/1889b563-1eef-431b-8b2f-74e52e007fbf\">FT<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-18\/apple-aims-at-intel-with-m1-pro-and-m1-max-chips-for-new-macbook?sref=mmeFTDW1\">Bloomberg<\/a> to <a href=\"https:\/\/www.cnbc.com\/2021\/10\/18\/apple-october-2021-mac-event-live-updates-new-macbook-pro-expected.html\">CNBC<\/a>. Also read: The 8 biggest announcements from Apple\u2019s Unleashed event<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Two days left until the Cairo International Furniture Show, Le Marche.<\/strong> The <a href=\"https:\/\/bit.ly\/3AQ5zX2\">four-day event<\/a> runs from this Thursday, 21 October until next Sunday, 24 October. It is the first and largest furniture, material and home accessories exhibition in the region.<\/p><p><strong>Fall conference season is still going strong.<\/strong> Among the exhibitions and business events here and throughout the region:<\/p><ul>\n<li><strong>The <\/strong><strong><a href=\"https:\/\/gitex.com\/\">GITEX Global<\/a><\/strong><strong> at the Dubai World Trade Center is on its third day today and runs through this Thursday. <\/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><a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a><\/strong><strong> begins next Sunday, 24 October.<\/strong> The annual event will wrap next Thursday, 28 October.<\/li>\n<li>The two-day <strong><a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition &amp; Conference<\/a><\/strong><strong> takes place next Wednesday and Thursday<\/strong>, 27 and 28 October.<\/li>\n<li><strong>Later this month: <\/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\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p><p><strong>In today\u2019s issue: <\/strong>Manufacturing in Africa could have a shot at avoiding the costly transition of industry to green technologies at a later stage by investing in decarbonizing strategies early on, according to a report by McKinsey &amp; Company. The report estimates that reaching net zero emissions would require a hefty USD 2 tn investment over the next three decades, but highlights a number of upsides in the long term. We look at the policies McKinsey recommends and how far along Egypt is in implementing them \u2014 especially as Egypt contributes 20% to the total manufacturing emissions of the continent, which themselves make up 30-40% of the continent\u2019s total emissions.<\/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\/aviation\/\">aviation<\/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\/cop27\/\">COP27<\/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\/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=\"556291\" 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=\"556291\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/556291\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556291\" class=\"content-area-description single-story post-556291 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\/10\/Discover-Somabay-780.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>This is your shortcut to a comprehensive platform, designed to bring you closer to 10 mn m2 of incomparable experiences, and a colorful art gallery inspired by the natural beauty of Somabay.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556292\" 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=\"556292\">\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\">COMPETITION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/eca-poking-into-mas-again\/\">\r\n                            ECA poking into M&#038;As again                        <\/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\/19\/eca-poking-into-mas-again\/\" 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\/19\/eca-poking-into-mas-again\/')\">\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\/19\/eca-poking-into-mas-again\/\">\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=ECA poking into M&#038;As again&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/eca-poking-into-mas-again\/\">\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\/19\/eca-poking-into-mas-again\/&title=ECA poking into M&#038;As again\">\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=ECA+poking+into+M%26%23038%3BAs+again+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Feca-poking-into-mas-again%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\/19\/eca-poking-into-mas-again\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/203.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"556293\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/eca-poking-into-mas-again\/203-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/203.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"203.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/203.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/203.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556292\" class=\"content-area-description single-story post-556292 post type-post status-publish format-standard has-post-thumbnail hentry category-competition-watch tag-competition-act tag-competition-watch tag-egyptian-competition-authority tag-enterpriseam tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The Egyptian Competition Authority (ECA) is not happy that a number of <\/strong><strong>mergers and acquisitions that<\/strong><strong> have taken place without it being notified.<\/strong> In a <a href=\"https:\/\/bit.ly\/3aKJZsA\">statement<\/a> yesterday, the competition watchdog warned businesses making EGP 100 mn in annual revenues that they must inform the ECA of M&A activity within 30 days of the transaction closing. Failing to do so could see them run afoul of the ECA Act, it said. The statement did not name the companies alleged to be in violation.<\/p>\n<p><strong><a href=\"https:\/\/alborsaanews.com\/2021\/10\/18\/1472683\">Al Borsa<\/a><\/strong><strong> cites unnamed sources as adding that the ECA has found at least 10 instances of M&A that went through without the agency being informed<\/strong>, adding that the transactions include some in the automotive and steel industry. We can\u2019t recall any recent transactions in either industry large enough to trigger the ECA\u2019s interest.<\/p>\n<p><strong>What power does the ECA have to do this<\/strong><strong>? <\/strong>The ECA Act of 2005 grants the authority the power to raise red flags about mergers and acquisitions that could be anti-competitive, but only after a transaction is concluded. Successive antitrust bosses have sought the power to approve or reject M&As before they go through. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3582805e-b867-4076-9e5e-bff71e01f886\">Amendments to the act have been recently introduced<\/a>, but are still making their way through the House of Representatives, with the House Economics Committee having given its preliminary approval to the amendments earlier this year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/competition-act\/\">Competition Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/competition-watch\/\">competition watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-competition-authority\/\">Egyptian Competition Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556294\" 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=\"556294\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/willis-towers-watson-eyes-two-egypt-based-ins-brokers-in-regional-plan\/\">\r\n                            Willis Towers Watson eyes two Egypt-based ins. brokers in regional plan                        <\/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\/19\/willis-towers-watson-eyes-two-egypt-based-ins-brokers-in-regional-plan\/\" 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\/19\/willis-towers-watson-eyes-two-egypt-based-ins-brokers-in-regional-plan\/')\">\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\/19\/willis-towers-watson-eyes-two-egypt-based-ins-brokers-in-regional-plan\/\">\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=Willis Towers Watson eyes two Egypt-based ins. brokers in regional plan&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/willis-towers-watson-eyes-two-egypt-based-ins-brokers-in-regional-plan\/\">\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\/19\/willis-towers-watson-eyes-two-egypt-based-ins-brokers-in-regional-plan\/&title=Willis Towers Watson eyes two Egypt-based ins. brokers in regional plan\">\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=Willis+Towers+Watson+eyes+two+Egypt-based+ins.+brokers+in+regional+plan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fwillis-towers-watson-eyes-two-egypt-based-ins-brokers-in-regional-plan%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\/19\/willis-towers-watson-eyes-two-egypt-based-ins-brokers-in-regional-plan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/204.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"556295\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/willis-towers-watson-eyes-two-egypt-based-ins-brokers-in-regional-plan\/204-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/204.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"204.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/204.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/204.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556294\" class=\"content-area-description single-story post-556294 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-enterpriseam tag-insurance tag-ma-watch tag-non-banking-financial-services wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>British outfit <\/strong><strong><a href=\"https:\/\/www.willistowerswatson.com\/en-US\">Willis Towers Watson<\/a><\/strong><strong> is looking to acquire two unnamed ins. brokerages operating <\/strong><strong>in Egypt <\/strong>as part of a regional expansion plan, Hamed Mabrouk (<a href=\"https:\/\/www.linkedin.com\/in\/hamed-mabrouk-92659448\/?originalSubdomain=eg\">LinkedIn<\/a>), who heads the multinational ins. firm\u2019s Egypt office, told us, confirming a report yesterday by <a href=\"https:\/\/alborsaanews.com\/2021\/10\/18\/1472853\">Al Borsa<\/a>. Mabrouk\u2019s firm will look to combine the portfolios of both those companies and fully acquire their licenses so long as this is within the framework of the Ins. Act, Mabrouk says. Both potential transactions are still under consideration, he added.<\/p>\n<p><strong>What does ins. brokerage activity in Egypt look like right now?<\/strong> Some 91 firms operate in ins. brokerage or offer secondary ins. services according to the <a href=\"https:\/\/fra.gov.eg\/%d8%b3%d8%ac%d9%84%d8%a7%d8%aa-%d9%81%d9%8a-%d9%85%d8%ac%d8%a7%d9%84-%d8%a7%d9%84%d8%aa%d8%a3%d9%85%d9%8a%d9%86\/page\/6\/?taxonomy_filter=company_records_1_1_3_3&filtered_type=brokerage-firms-in-insurance&doing_wp_cron=1634599485.5677769184112548828125#038;filtered_type=brokerage-firms-in-insurance&doing_wp_cron=1634599485.5677769184112548828125\">FRA\u2019s website<\/a>, but the number is unlikely to grow soon since the Financial Regulatory Authority put a lid on new licenses <a href=\"https:\/\/fra.gov.eg\/fra_news\/efsa_887\/\">last June<\/a> for one year.<\/p>\n<p><strong>The firm is separately in talks with a third ins. broker based in Kuwait<\/strong>, and is working to acquire an ins. brokerage license in Saudi Arabia, Mabrouk said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/non-banking-financial-services\/\">non-banking financial services<\/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=\"556296\" 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=\"556296\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/cairo-logistics-startup-illa-closes-seven-figure-round\/\">\r\n                            Cairo logistics startup Illa closes seven-figure round                        <\/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\/19\/cairo-logistics-startup-illa-closes-seven-figure-round\/\" 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\/19\/cairo-logistics-startup-illa-closes-seven-figure-round\/')\">\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\/19\/cairo-logistics-startup-illa-closes-seven-figure-round\/\">\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=Cairo logistics startup Illa closes seven-figure round&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/cairo-logistics-startup-illa-closes-seven-figure-round\/\">\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\/19\/cairo-logistics-startup-illa-closes-seven-figure-round\/&title=Cairo logistics startup Illa closes seven-figure round\">\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=Cairo+logistics+startup+Illa+closes+seven-figure+round+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fcairo-logistics-startup-illa-closes-seven-figure-round%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\/19\/cairo-logistics-startup-illa-closes-seven-figure-round\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/206.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"556297\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/cairo-logistics-startup-illa-closes-seven-figure-round\/206-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/206.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"206.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/206.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/206.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556296\" class=\"content-area-description single-story post-556296 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-b2b tag-enterpriseam tag-flat6labs tag-fmcg tag-illa tag-logistics tag-startup-watch tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a> <strong>Cairo-based <\/strong><strong>FMCG logistics startup Illa has closed a seven-figure USD investment<\/strong><strong> round<\/strong> led by Saudi\u2019s <a href=\"https:\/\/watheeq.com\/en\">Watheeq Financial Services<\/a> and Africa-focused <a href=\"https:\/\/www.gpalminvestments.com\/services\">Golden Palm Investments<\/a>, according to an <a href=\"https:\/\/ent.news\/2021\/10\/Press-Release-Final-Draft.pdf\">emailed statement (pdf)<\/a>. Loftyinc Capital Management, Kepple Africa Fund, Cubit Ventures, AUC Angels, OQAL Angel Network and Flat6Labs Cairo also participated in the round.<\/p>\n<p><strong>Further expansion is on the cards for Illa\u2019s B2B logistics tech:<\/strong> The investment will go towards growing Illa\u2019s business in Egypt and developing the company\u2019s web platform, which aims to connect drivers with FMCG brands to streamline warehouse-to-storefront delivery.<\/p>\n<p><strong>The round marks the third time Flat6Labs Cairo has backed Illa:<\/strong> In November 2020, Illa <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/424b81be-b879-462d-be74-6357046c0330\">raised<\/a> a USD six-figure seed round from Averroes Venture Capital, AUC Angels and other investors including Flat6Labs. The startup launched out of the Cairo accelerator\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/20\/it-was-a-good-week-for-tech-startups\/\">Spring cycle<\/a> in 2019.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/b2b\/\">B2B<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/flat6labs\/\">Flat6Labs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fmcg\/\">FMCG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/illa\/\">Illa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556298\" 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=\"556298\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/egyptair-gets-house-backing-for-finmin-guarantee-of-egp-5-bn-loan\/\">\r\n                            Egyptair gets House backing for FinMin guarantee of EGP 5 bn loan                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/egyptair-gets-house-backing-for-finmin-guarantee-of-egp-5-bn-loan\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/egyptair-gets-house-backing-for-finmin-guarantee-of-egp-5-bn-loan\/')\">\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\/19\/egyptair-gets-house-backing-for-finmin-guarantee-of-egp-5-bn-loan\/\">\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=Egyptair gets House backing for FinMin guarantee of EGP 5 bn loan&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/egyptair-gets-house-backing-for-finmin-guarantee-of-egp-5-bn-loan\/\">\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\/19\/egyptair-gets-house-backing-for-finmin-guarantee-of-egp-5-bn-loan\/&title=Egyptair gets House backing for FinMin guarantee of EGP 5 bn loan\">\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=Egyptair+gets+House+backing+for+FinMin+guarantee+of+EGP+5+bn+loan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fegyptair-gets-house-backing-for-finmin-guarantee-of-egp-5-bn-loan%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\/19\/egyptair-gets-house-backing-for-finmin-guarantee-of-egp-5-bn-loan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556298\" class=\"content-area-description single-story post-556298 post type-post status-publish format-standard hentry category-debt-watch tag-debt-watch tag-egyptair tag-enterpriseam tag-finance-ministry 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>Egyptair Holding Company will now be able to take out a long term, EGP 5 <\/strong><strong>bn loan from state owned banks backed by the Finance Ministry<\/strong> after the House of Representatives approved a decision by the prime minister greenlighting a law that grants the finance minister the right to issue guarantees to the company for the loan, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2442072\">Al Masry Al Youm<\/a> reports. The financing will be used to fulfill the company\u2019s external and internal financial obligations, members of the Planning and Budgeting committee <a href=\"https:\/\/gate.ahram.org.eg\/daily\/News\/203911\/136\/828124\/%D9%85%D8%AA%D8%A7%D8%A8%D8%B9%D8%A7%D8%AA\/%C2%AB%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8%C2%BB-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D9%84%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A8%D8%B6%D9%85%D8%A7%D9%86-%D9%85%D8%B5%D8%B1-%D9%84%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D9%84%D9%84%D8%AD.aspx\">said<\/a>. The law faced resistance from some MPs, who called into question the company\u2019s ability to pay its large, and growing pile of debt.<\/p>\n<p><strong>The company <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df02ee18-a068-44b1-9139-a5c6f336ab24\">had last year<\/a><\/strong><strong> obtained a 10-year, EGP 3 bn loan<\/strong> from Banque Misr and Banque du Caire, after it sustained some EGP 3 bn in losses during the covid-19 induced grounding of global travel. The company\u2019s foreign debt is probably in the EGP 13 bn range, based on earlier statements by EgyptAir holding company president Mohamed Zakria. EgyptAir had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c77abca3-96eb-4f3f-a1c6-85d5e4eaa0e8\">last year<\/a> received an EGP 2 bn loan from the Finance Ministry that will see the government service the carrier\u2019s debt until its operating capacity reaches 80% of levels achieved in 2019.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptair\/\">EgyptAir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556299\" 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=\"556299\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/banque-misr-bottomline-down-slightly-in-fy2020-2021\/\">\r\n                            Banque Misr bottomline down slightly in FY2020-2021                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/banque-misr-bottomline-down-slightly-in-fy2020-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/banque-misr-bottomline-down-slightly-in-fy2020-2021\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/banque-misr-bottomline-down-slightly-in-fy2020-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Banque Misr bottomline down slightly in FY2020-2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/banque-misr-bottomline-down-slightly-in-fy2020-2021\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/banque-misr-bottomline-down-slightly-in-fy2020-2021\/&title=Banque Misr bottomline down slightly in FY2020-2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Banque+Misr+bottomline+down+slightly+in+FY2020-2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fbanque-misr-bottomline-down-slightly-in-fy2020-2021%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/banque-misr-bottomline-down-slightly-in-fy2020-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556299\" class=\"content-area-description single-story post-556299 post type-post status-publish format-standard hentry category-earnings-watch tag-banque-misr tag-earnings-watch tag-enterpriseam tag-financial-services wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Banque Misr reported net earnings of EGP 10.71 bn in its 2021-2022 fiscal year<\/strong> that ended on 30 June, according to its latest <a href=\"https:\/\/www.banquemisr.com\/ar\/aboutus\/Documents\/financial%20indicators\/financial%20statement%2030-06-2021.pdf?csrt=8670831520021216037\">financial statements (pdf)<\/a>. The state-owned lender\u2019s bottomline dipped slightly from EGP 11.05 bn in its previous fiscal year, which ran between July 2019 and July 2020. The bank\u2019s net interest income, meanwhile, grew to EGP 32.87\u00a0 bn in its last fiscal year from EGP 28.62 bn a year earlier.<\/p>\n<p><em>CORRECTION ON 19 OCTOBER-<\/em><\/p>\n<p><em>An earlier version of this story incorrectly said the bank's net interest income stood at EGP 121.14 bn, up from EGP 112.17 bn.\u00a0<\/em><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-services\/\">financial services<\/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=\"556300\" 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=\"556300\">\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\">Microfinance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/aspire-capital-establishes-kheir-microfinance\/\">\r\n                            Aspire Capital establishes Kheir Microfinance                        <\/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\/19\/aspire-capital-establishes-kheir-microfinance\/\" 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\/19\/aspire-capital-establishes-kheir-microfinance\/')\">\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\/19\/aspire-capital-establishes-kheir-microfinance\/\">\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=Aspire Capital establishes Kheir Microfinance&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/aspire-capital-establishes-kheir-microfinance\/\">\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\/19\/aspire-capital-establishes-kheir-microfinance\/&title=Aspire Capital establishes Kheir Microfinance\">\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=Aspire+Capital+establishes+Kheir+Microfinance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Faspire-capital-establishes-kheir-microfinance%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\/19\/aspire-capital-establishes-kheir-microfinance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/208.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"556301\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/aspire-capital-establishes-kheir-microfinance\/208-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/208.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"208.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/208.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/208.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556300\" class=\"content-area-description single-story post-556300 post type-post status-publish format-standard has-post-thumbnail hentry category-microfinance tag-aspire-capital tag-egx tag-enterpriseam tag-financial-regulatory-authority tag-gadwa-industrial-development tag-microfinance tag-pioneers-properties wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Aspire C<\/strong><strong>apital Holding (<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7b90e73a-bcdc-42ac-8800-27e8a92d55b7\">formerly Pioneers Holding<\/a><\/strong><strong>) has set up a<\/strong><strong> microfinance<\/strong><strong> arm, Kheir Microfinance<\/strong>, the company said in a <a href=\"https:\/\/ent.news\/2021\/10\/269554_1.pdf\">regulatory filing (pdf)<\/a>. The company is now awaiting the necessary licenses from the Financial Regulatory Authority to begin operations.<\/p>\n<p><strong>Background:<\/strong> The rebrand to Aspire Capital came as Pioneers Holding split into three arms: A real estate investment arm called Pioneers Properties, manufacturing investments vehicle Gadwa Industrial Development, and the parent company now known as Aspire Capital, which retained its financial services arm. Aspire Capital is also set to launch a real estate finance company in the near future, company chairman Waleed Zaki told <a href=\"https:\/\/almalnews.com\/%D8%A8%D8%A7%D9%8A%D9%88%D9%86%D9%8A%D8%B1%D8%B2-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A7%D9%84%D8%AA%D8%AE%D8%A7%D8%B1%D8%AC-%D9%85%D9%86-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B5%D9%86%D8%A7%D8%B9\/\">Al Mal<\/a> last week.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aspire-capital\/\">Aspire Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gadwa-industrial-development\/\">Gadwa Industrial Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/microfinance\/\">microfinance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pioneers-properties\/\">Pioneers Properties<\/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=\"556302\" 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=\"556302\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/new-delta-subvariant-could-be-10-15-more-transmissible\/\">\r\n                            New delta subvariant could be 10-15% more transmissible                        <\/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\/19\/new-delta-subvariant-could-be-10-15-more-transmissible\/\" 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\/19\/new-delta-subvariant-could-be-10-15-more-transmissible\/')\">\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\/19\/new-delta-subvariant-could-be-10-15-more-transmissible\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New delta subvariant could be 10-15% more transmissible&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/new-delta-subvariant-could-be-10-15-more-transmissible\/\">\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\/19\/new-delta-subvariant-could-be-10-15-more-transmissible\/&title=New delta subvariant could be 10-15% more transmissible\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+delta+subvariant+could+be+10-15%25+more+transmissible+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fnew-delta-subvariant-could-be-10-15-more-transmissible%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\/19\/new-delta-subvariant-could-be-10-15-more-transmissible\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556302\" class=\"content-area-description single-story post-556302 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=186071830370706&set=a.113299807647909\">reported<\/a><\/strong><strong> 883 new covid-19 infections yesterday<\/strong>, up from 871 the day before. Egypt has now disclosed a total of 319,339 confirmed cases of covid-19. The ministry also reported 45 new deaths, bringing the country\u2019s total death toll to 18,015.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Researchers suspect they may have found the most transmissible covid-19<\/strong> <strong>variant yet, <\/strong>with the AY.4.2 subvariant, a descendent of the covid-19 Delta strain thought to be 10-15% more infectious than its predecessor, the <a href=\"https:\/\/www.ft.com\/content\/f1ec9d5d-9e02-4cc4-95e7-1dcbb1844d43\">Financial Times<\/a> reports. Initial findings possibly explain the recent surge in case numbers throughout the UK, where it is already thought to be responsible for some 10% of cases.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556303\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"556303\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/556303\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556303\" class=\"content-area-description single-story post-556303 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.sodic.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/Tactical-Male-1600WX800H-for-web.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556304\" 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=\"556304\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/strong-reactions-to-feathers-film-at-gouna-film-festival\/\">\r\n                            Strong reactions to Feathers film at Gouna Film Festival                        <\/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\/19\/strong-reactions-to-feathers-film-at-gouna-film-festival\/\" 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\/19\/strong-reactions-to-feathers-film-at-gouna-film-festival\/')\">\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\/19\/strong-reactions-to-feathers-film-at-gouna-film-festival\/\">\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=Strong reactions to Feathers film at Gouna Film Festival&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/strong-reactions-to-feathers-film-at-gouna-film-festival\/\">\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\/19\/strong-reactions-to-feathers-film-at-gouna-film-festival\/&title=Strong reactions to Feathers film at Gouna Film Festival\">\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=Strong+reactions+to+Feathers+film+at+Gouna+Film+Festival+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fstrong-reactions-to-feathers-film-at-gouna-film-festival%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\/19\/strong-reactions-to-feathers-film-at-gouna-film-festival\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556304\" class=\"content-area-description single-story post-556304 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-angela-merkel tag-enterpriseam tag-film tag-gouna-film-festival tag-last-nights-talk-shows tag-uganda wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egyptian filmmaker Omar El Zohairy\u2019s Cannes decorated Feathers <\/strong>got some play on the airwaves. The attention came after Feathers was screened at the Gouna Film Festival, with the talking heads claiming that some celebrities walked out of the Feathers\u2019 screening in protest of the film\u2019s depiction of an impoverished family in Egypt, which they say conveys the country\u2019s slums inaccurately. Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=dk_snJC5Tkk&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\">watch, runtime: 4:01<\/a>) and El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=Dsy5-fEa03A&ab_channel=%D8%A7%D9%84%D8%AD%D9%83%D8%A7%D9%8A%D8%A9\">watch, runtime: 4:11<\/a>) both took note. The surrealist film, which follows a strict father turned into a chicken after a magic trick goes wrong at a children\u2019s birthday party, was awarded the Nespresso Grand Prize at the Cannes Film Festival <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9fcd867e-00d1-4caf-939d-164237dd91ce\">last summer<\/a>.<\/p>\n<p><strong>Catch the trailer<\/strong> (<a href=\"https:\/\/youtu.be\/cEthjY2LlMk\">watch, runtime: 2:09<\/a>) (with English subtitles) and start to form an opinion of your own.<\/p>\n<p>Talkshow queen Lamees El Hadidi, meanwhile, interviewed<strong> Orascom Development Egypt CEO Omar El Hamamsy<\/strong> from a set in Gouna (<a href=\"https:\/\/www.youtube.com\/watch?v=g53cuTH-XWc&ab_channel=%D9%83%D9%84%D9%85%D8%A9%D8%A3%D8%AE%D9%8A%D8%B1%D8%A9%D9%85%D8%B9%D9%84%D9%85%D9%8A%D8%B3%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF%D9%8A\">watch, runtime: 6:05<\/a>).<\/p>\n<p><strong>Al Hayah Al Youm\u2019s Mohamed<\/strong> <strong>Sherdy focused on recapping President Sisi\u2019s engagements <\/strong>and other official announcements \u2014 from the president\u2019s meeting with officials to review the state budget (<a href=\"https:\/\/www.youtube.com\/watch?v=XPE1_V4fdM0&ab_channel=AlHayahTVNetwork\">watch, runtime: 13:53<\/a>) to his phone call yesterday with Angela Merkel (<a href=\"https:\/\/www.youtube.com\/watch?v=w99GgvwEcpk&ab_channel=AlHayahTVNetwork\">watch, runtime: 5:29<\/a>), and the opening of an Egyptian health center in Uganda (<a href=\"https:\/\/www.youtube.com\/watch?v=5ljCcg7-qmg&ab_channel=AlHayahTVNetwork\">watch, runtime: 6:42<\/a>)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/angela-merkel\/\">Angela Merkel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/film\/\">film<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gouna-film-festival\/\">Gouna Film Festival<\/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\/uganda\/\">Uganda<\/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=\"556305\" 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-uiaqert\" data-v=\"4\" data-block-id=\"uiaqert\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-uiaqert-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-uiaqert-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-obpjz24\" data-v=\"4\" data-block-id=\"obpjz24\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-obpjz24-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-obpjz24-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-0dzfyyl\" data-v=\"4\" data-block-id=\"0dzfyyl\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0dzfyyl-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0dzfyyl-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-ks1wf0e\" data-v=\"4\" data-block-id=\"ks1wf0e\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ks1wf0e-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ks1wf0e-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=\"556306\" 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=\"556306\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/bond-investors-are-getting-pressure-to-divest-from-countries-with-spott-rights-records-ft\/\">\r\n                            Bond investors are getting pressure to divest from countries with spott rights records \u2013FT                        <\/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\/19\/bond-investors-are-getting-pressure-to-divest-from-countries-with-spott-rights-records-ft\/\" 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\/19\/bond-investors-are-getting-pressure-to-divest-from-countries-with-spott-rights-records-ft\/')\">\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\/19\/bond-investors-are-getting-pressure-to-divest-from-countries-with-spott-rights-records-ft\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Bond investors are getting pressure to divest from countries with spott rights records \u2013FT&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/bond-investors-are-getting-pressure-to-divest-from-countries-with-spott-rights-records-ft\/\">\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\/19\/bond-investors-are-getting-pressure-to-divest-from-countries-with-spott-rights-records-ft\/&title=Bond investors are getting pressure to divest from countries with spott rights records \u2013FT\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Bond+investors+are+getting+pressure+to+divest+from+countries+with+spott+rights+records+%E2%80%93FT+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fbond-investors-are-getting-pressure-to-divest-from-countries-with-spott-rights-records-ft%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\/19\/bond-investors-are-getting-pressure-to-divest-from-countries-with-spott-rights-records-ft\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556306\" class=\"content-area-description single-story post-556306 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-alaa-abdel-fattah tag-enterpriseam tag-film tag-human-rights tag-israel tag-tourism tag-trade 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>Human rights and finance are together the big story on Egypt <\/strong>as the <a href=\"https:\/\/www.ft.com\/content\/a249775c-79ac-441b-9798-40361d4d8015\">Financial<\/a><a href=\"https:\/\/www.ft.com\/content\/a249775c-79ac-441b-9798-40361d4d8015\">Times<\/a> reports that some bond funds are coming under pressure to divest from markets where there are rights concerns. Egypt gets plenty of ink in the piece, which appears in FTfm\u2019s responsible investing section, with fund managers talking about why they bought into the country\u2019s inaugural green bond despite Freedom House and International Federation for Human Rights driving the narrative in the piece. The story gives passing mention to Belarus and Saudi Arabia (and, curiously, not China), but Egypt is the \u201cstar\u201d of the piece.<\/p>\n<p><strong>Also from the human rights file: Activist Alaa Abdel Fattah appeared in court yesterday<\/strong> <strong>after two years of<\/strong><strong> pre-trial detention<\/strong>. His next hearing is scheduled on 1 November (<a href=\"https:\/\/www.timesofisrael.com\/new-trial-begins-for-leading-figure-of-2011-egyptian-revolution\/\">AFP<\/a>).<\/p>\n<p><strong>Meanwhile:<\/strong> <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/one-egypts-last-fez-makers-takes-pride-craft-despite-drop-popularity-2021-10-18\/\">Reuters<\/a>ran a piece looking at <strong>the last of Egypt\u2019s fez-makers<\/strong>, writing that the once widely-worn symbol of stature is now only in demand among clerics and Al-Azhar scholars, while Egypt got a mention in the <strong>top-five African holiday destinations<\/strong>, with the <a href=\"https:\/\/www.ft.com\/content\/5dd1da91-31cb-43ea-bd1b-7fbbcf2724f2\">Financial Times<\/a> recommending a dahabieh<em> <\/em>Nile cruise.<\/p>\n<p><strong>Other headlines of note:<\/strong><\/p>\n<ul>\n<li><strong>Egypt is said to be interested in more trade with Israel though the Nitzana border<\/strong> <strong>c<\/strong><strong>rossing<\/strong>, a topic of conversation in a recent meeting between intelligence chief Abbas Kamel and Israel\u2019s Economy Minister Orna Barbivai (<a href=\"https:\/\/www.algemeiner.com\/2021\/10\/18\/egypt-interested-in-increasing-trade-with-israel-report\/\">i24 News<\/a>).<\/li>\n<li><strong>Egypt allegedly barred UK-based Palestinian filmaker Said Zagah from boarding a<\/strong> <strong>flight to Hurghada<\/strong> to pitch a film at El Gouna Film Festival for unclear reasons (<a href=\"https:\/\/www.yahoo.com\/entertainment\/u-k-based-palestinian-filmmaker-211804759.html\">Variety<\/a>).<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alaa-abdel-fattah\/\">Alaa Abdel Fattah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/film\/\">film<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556307\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556308\" 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=\"556308\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/etisalats-nile-online-to-boost-outsourcing-in-egypt-over-coming-3-years\/\">\r\n                            Etisalat\u2019s Nile Online to boost outsourcing in Egypt over coming 3 years                        <\/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\/19\/etisalats-nile-online-to-boost-outsourcing-in-egypt-over-coming-3-years\/\" 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\/19\/etisalats-nile-online-to-boost-outsourcing-in-egypt-over-coming-3-years\/')\">\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\/19\/etisalats-nile-online-to-boost-outsourcing-in-egypt-over-coming-3-years\/\">\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=Etisalat\u2019s Nile Online to boost outsourcing in Egypt over coming 3 years&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/etisalats-nile-online-to-boost-outsourcing-in-egypt-over-coming-3-years\/\">\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\/19\/etisalats-nile-online-to-boost-outsourcing-in-egypt-over-coming-3-years\/&title=Etisalat\u2019s Nile Online to boost outsourcing in Egypt over coming 3 years\">\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=Etisalat%E2%80%99s+Nile+Online+to+boost+outsourcing+in+Egypt+over+coming+3+years+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fetisalats-nile-online-to-boost-outsourcing-in-egypt-over-coming-3-years%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\/19\/etisalats-nile-online-to-boost-outsourcing-in-egypt-over-coming-3-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556308\" class=\"content-area-description single-story post-556308 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-cit-ministry tag-enterpriseam tag-itida tag-transport tag-transport-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Etisalat\u2019s Nile Online will expand the outsourcing and call center services it offers <\/strong><strong>in Egypt<\/strong> under an agreement signed with the ICT Ministry\u2019s ITIDA, the ministry said in <a href=\"https:\/\/www.facebook.com\/MCITEgypt\/posts\/243051774531790?__cft__[0]=AZU76O7mDvYEWzZohJ-5lTO9IWY3Q07nKaEofYavhxh5upyamHLleU3V4yBS-Poe5EFBI5Gn_sF-FaXSOsbScU37hdK72uSv-F81gVY7AH5rXDye-ESoclifQJzScMjiyGSgEGUkfcROizRJ9Bd-3sk-&__tn__=%2CO%2CP-R\">a statement<\/a> on the sidelines of Dubai Expo 2020. ITIDA will work with the company to train and hire at least 2.1k Egyptians for outsourcing jobs over the next three years. Separately, ICT Minister Amr Talaat held talks with Indian multinational outsourcing provider Tata Consultancy Services\u2019 regional director Ajay Singh to bring the company to Egypt, the statement noted.<\/p>\n<p><strong>Will PPP projects have to price their final good or service with low income earners in<\/strong> <strong>mind? <\/strong>House Rep. Maha Abdel Nasser thinks the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d9ae909-072f-4fc9-afe1-410336e76388\">Public-Private Partnership (PPP) Act<\/a> still needs to address how services offered by projects executed by PPPs will be priced, taking into account income levels, <a href=\"https:\/\/bit.ly\/3jdvT7L\">Al Shorouk<\/a> reports. She\u2019s pushing for a motion to add an article on prices to the preliminarily approved bill, especially in ventures in fields including <strong>education, healthcare, <\/strong><strong>and transport<\/strong>.<\/p>\n<p><strong>The newly-formed Urban Development Fund just got a board of directors<\/strong>, with Khaled Sedeek as chairman, according to press reports <a href=\"https:\/\/www.youm7.com\/story\/2021\/10\/18\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D8%B5%D8%AF%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7-%D8%A8%D8%AA%D8%B4%D9%83%D9%8A%D9%84-%D9%85%D8%AC%D9%84%D8%B3-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%AD%D8%B6%D8%B1%D9%8A%D8%A9\/5500190\">citing an official<\/a><a href=\"https:\/\/www.youm7.com\/story\/2021\/10\/18\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D8%B5%D8%AF%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7-%D8%A8%D8%AA%D8%B4%D9%83%D9%8A%D9%84-%D9%85%D8%AC%D9%84%D8%B3-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%AD%D8%B6%D8%B1%D9%8A%D8%A9\/5500190\">cabinet statement<\/a><sup><\/sup>. Members include eight others with experience in several different fields and representing the cabinet, the Finance Ministry, GAFI, the Mortgage Finance Fund, the CBE, and the New Urban Communities Authority (NUCA). The new fund was established by the Madbouly cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/177f1898-5812-4ee1-b01d-1f9a735dd354\">earlier this year<\/a> to work alongside existing agencies such as NUCA and the General Authority for Urban Planning to develop areas in partnership with the private sector and real estate developers, as well as remove buildings in unsafe areas. It reports directly to the prime minister.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>The Transport Ministry will soon launch <strong><a href=\"https:\/\/bit.ly\/3AR6kiE\">an international tender<\/a><\/strong> for a private sector company to<strong> manage <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/920c15d4-7325-4cc6-8b49-56b58a9321b8\">six new passenger trains<\/a><\/strong> being supplied by Spanish company Talgo, with plans to select the management firm by the end of the year.<\/li>\n<li>Oil company <strong>SDX Energy<\/strong> has <a href=\"https:\/\/www.stockmarketwire.com\/article\/7219080\/SDX-starts-drilling-development-well-at-Meseda-field-in-Egypt.html\">started drilling<\/a> a development well in <strong>West<\/strong><strong> Gharib\u2019s Meseda field<\/strong>, the first in a 12-well development campaign that aims to grow production from a current 2.4k bbl\/d to 3.5-4k bbl\/d by 2023.<\/li>\n<li>A Health Ministry-run healthcare center,<strong> AFRI Egypt<\/strong>, <a href=\"https:\/\/bit.ly\/3G1u73a\">opened its doors<\/a> in <strong>Jinja, <\/strong><strong>Uganda <\/strong>yesterday as part of the government\u2019s bid to boost its presence in Africa.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit-ministry\/\">CIT ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/itida\/\">ITIDA<\/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\/transport-ministry\/\">Transport Ministry<\/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=\"556309\" 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=\"556309\">\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\/19\/fertiglobe-could-become-abu-dhabis-third-largest-listing-yet\/\">\r\n                            Fertiglobe could become Abu Dhabi\u2019s third largest listing yet                        <\/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\/19\/fertiglobe-could-become-abu-dhabis-third-largest-listing-yet\/\" 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\/19\/fertiglobe-could-become-abu-dhabis-third-largest-listing-yet\/')\">\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\/19\/fertiglobe-could-become-abu-dhabis-third-largest-listing-yet\/\">\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=Fertiglobe could become Abu Dhabi\u2019s third largest listing yet&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/fertiglobe-could-become-abu-dhabis-third-largest-listing-yet\/\">\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\/19\/fertiglobe-could-become-abu-dhabis-third-largest-listing-yet\/&title=Fertiglobe could become Abu Dhabi\u2019s third largest listing yet\">\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=Fertiglobe+could+become+Abu+Dhabi%E2%80%99s+third+largest+listing+yet+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Ffertiglobe-could-become-abu-dhabis-third-largest-listing-yet%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\/19\/fertiglobe-could-become-abu-dhabis-third-largest-listing-yet\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556309\" class=\"content-area-description single-story post-556309 post type-post status-publish format-standard hentry category-planet-finance tag-aramco tag-debt-watch tag-energy tag-enterpriseam tag-fertiglobe-ip tag-financial-markets tag-goldman-sachs-china tag-investment-watch tag-planet-finance tag-traders 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>F<\/strong><strong>ertiglobe could raise as much as USD 830 mn through its IPO on the ADX<\/strong>, after the company said it will price its shares at the top end of its indicative range of AED 2.45-2.65 apiece, according to terms seen by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-18\/fertiglobe-set-to-price-abu-dhabi-ipo-at-top-end-of-price-range?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>. This pricing would make Fertiglobe\u2019s IPO Abu Dhabi\u2019s third-largest listing. Fertiglobe, a joint venture between Abu Dhabi National Oil Co. and Nassef Sawiris\u2019 OCI, is offering 13.85% of the company in the IPO. The nitrogen fertilizer producer will be valued at USD 6 bn, according to Bloomberg, as it benefits from soaring fertilizer prices and damage dealt to rivals as a result of the natural gas supply crisis. <strong>Our friends at EFG Hermes are bookrunners on the transaction.<\/strong><\/p><p><strong>Was lockd<\/strong><strong>own trading (and meme stocks) just a flash in the pan?<\/strong> Covid-related restrictions saw many normies take up trading as a pastime, the <a href=\"https:\/\/www.ft.com\/content\/f9d546a3-cd7c-419b-844d-7039a1eb5294\">FT<\/a> writes, citing data showing that 30 mn new investing accounts were opened in the US in the first year of the pandemic. The unprecedented rise in retail investors saw them make up 25-30% of total US trading at their peak, up from the 10-15% recorded pre-pandemic. But this \u201carmy of lockdown traders\u201d has slowed down now that countries are opening up again: 3Q2021 saw an 8% drop in trading activity in comparison to the quarter before.<\/p><p><strong>Other stories worth knowing about:<\/strong><\/p><ul>\n<li><strong>A group of investors in Aramco\u2019s oil pipelines is looking to issue at least USD <\/strong><strong>4.5<\/strong> <strong>bn in bonds<\/strong> to refinance a USD 10.5 bn loan they had taken out to fund their investment, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-18\/aramco-oil-pipeline-investors-ready-multi-billion-dollar-bond?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports.<\/li>\n<li><strong>Goldman Sachs<\/strong><strong> is <\/strong><strong><a href=\"https:\/\/www.wsj.com\/articles\/goldman-sachs-cleared-to-own-all-of-china-securities-unit-11634524579\">the latest Bulge Bracket bank<\/a><\/strong> to have gotten the OK to take <a href=\"https:\/\/www.goldmansachs.com\/media-relations\/press-releases\/2021\/announcement-17-oct-2021.html\">full<\/a><a href=\"https:\/\/www.goldmansachs.com\/media-relations\/press-releases\/2021\/announcement-17-oct-2021.html\">ownership of its China unit<\/a>.<\/li>\n<\/ul><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>11276.17<\/p>\n<\/td>\n<td>\n<p>+1% (YTD: 4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,758.02<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: 35.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>7,893.01<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: 56.4%)<\/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>2,817.17<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: 13%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,486.46<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: 19.4%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,203.83<\/p>\n<\/td>\n<td>\n<p>-0.4% (YTD: 11.5%)<\/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 84.08<\/p>\n<\/td>\n<td>\n<p>-0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 5.00<\/p>\n<\/td>\n<td>\n<p>-7.6%<\/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>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,764.90<\/p>\n<\/td>\n<td>\n<p>-0.2%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 61,812.77<\/p>\n<\/td>\n<td>\n<p>+1.66% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 1.1% at yesterday\u2019s close<\/strong> on turnover of EGP 1.4 bn (7% below the 90-day average). Local investors were net sellers. The index is down 4.0% YTD.<\/p><p><strong>In the green: <\/strong>GB Auto (+7.8%), CIRA (+6.6%) and Pioneers Properties (+4.4%).<\/p><p><strong>In the red: <\/strong>Abu Kir Fertilizers (-4.3%), AMOC (-2.4%) and MM Group (-2.0%).<\/p><p><strong>Asian markets are (ever so slightly) in the green<\/strong>, while futures suggest European shares will have a mixed open this morning and Wall Street is on track to start the day largely flat ahead of earnings reports expected today from Netflix, J&amp;J, P&amp;G and United Airlines.<\/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\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fertiglobe-ip\/\">Fertiglobe IP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/goldman-sachs-china\/\">Goldman Sachs China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/traders\/\">Traders<\/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=\"556310\" 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=\"556310\">\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\/19\/sisi-and-merkel-talk-trade-transport-on-the-agenda-for-uk-me-minister-visit\/\">\r\n                            Sisi and Merkel talk trade + transport on the agenda for UK ME Minister visit                        <\/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\/19\/sisi-and-merkel-talk-trade-transport-on-the-agenda-for-uk-me-minister-visit\/\" 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\/19\/sisi-and-merkel-talk-trade-transport-on-the-agenda-for-uk-me-minister-visit\/')\">\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\/19\/sisi-and-merkel-talk-trade-transport-on-the-agenda-for-uk-me-minister-visit\/\">\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 and Merkel talk trade + transport on the agenda for UK ME Minister visit&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/sisi-and-merkel-talk-trade-transport-on-the-agenda-for-uk-me-minister-visit\/\">\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\/19\/sisi-and-merkel-talk-trade-transport-on-the-agenda-for-uk-me-minister-visit\/&title=Sisi and Merkel talk trade + transport on the agenda for UK ME Minister visit\">\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+and+Merkel+talk+trade+%2B+transport+on+the+agenda+for+UK+ME+Minister+visit+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F19%2Fsisi-and-merkel-talk-trade-transport-on-the-agenda-for-uk-me-minister-visit%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\/19\/sisi-and-merkel-talk-trade-transport-on-the-agenda-for-uk-me-minister-visit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556310\" class=\"content-area-description single-story post-556310 post type-post status-publish format-standard hentry category-diplomacy tag-angela-merkel tag-diplomacy tag-el-sisi tag-enterpriseam tag-gerd tag-tourism 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 talked trade, tourism, and GERD in a phone call <\/strong><strong>yesterday with outgoing German Chancellor Angela Merkel<\/strong>, Ittihadiya said in <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/426012118887522\">a statement<\/a>. The two leaders also touched on cooperation in education and renewable energy, as well as discussed several ongoing regional issues including Libya\u2019s political transition and reconstruction in Gaza.<\/p>\n<p><strong>Cooperation on infrastructure projects was on the agenda for Transport Minister<\/strong><strong> Kamel El Wazir and UK Minister for the Middle East James Cleverly<\/strong>, who met in Cairo yesterday, according to a <a href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/179242137706184?__cft__[0]=AZVXhoitw-6YZ6hHTuzMZ7crTrkJ7SUDzLeB6_j6W_oj6Hc3QDRELFC6BHfN90z1BQkikIIng3bB_ATWbJDKL4rE-OJfjp2arrSdJqr5YO8G53SZefE1zkz62UpvvVkfbKAKYz7pP4nVzEms9ItEJZwD&__tn__=%2CO%2CP-R\">ministry statement<\/a>. The two ministers discussed, among other things, a bid from British Steel to provide 100k tons of railway tracks to the Egyptian National Railways.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/angela-merkel\/\">Angela Merkel<\/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\/el-sisi\/\">El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/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<div class=\"alignfull vertical-section wide-section going-green wp-block-group issue-section\" id=\"556311\">\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\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday 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\/goinggreen\/\">\r\n                            Read going Green                        <\/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\/goinggreens\/what-would-a-green-manufacturing-future-look-like-for-africa-and-egypt\/\">\r\n                            What would a green manufacturing future look like for Africa, and Egypt?<\/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\/goinggreens\/what-would-a-green-manufacturing-future-look-like-for-africa-and-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\/goinggreens\/what-would-a-green-manufacturing-future-look-like-for-africa-and-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\/goinggreens\/what-would-a-green-manufacturing-future-look-like-for-africa-and-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=What would a green manufacturing future look like for Africa, and Egypt?&url=https:\/\/enterpriseam.com\/egypt\/goinggreens\/what-would-a-green-manufacturing-future-look-like-for-africa-and-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\/goinggreens\/what-would-a-green-manufacturing-future-look-like-for-africa-and-egypt\/&title=What would a green manufacturing future look like for Africa, and 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=What+would+a+green+manufacturing+future+look+like+for+Africa%2C+and+Egypt%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fgoinggreens%2Fwhat-would-a-green-manufacturing-future-look-like-for-africa-and-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>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/what-would-a-green-manufacturing-future-look-like-for-africa-and-egypt\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/209.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=\"556312\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/what-would-a-green-manufacturing-future-look-like-for-africa-and-egypt\/209-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/209.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"209.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/209.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/209.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-556311\" class=\"content-area-description post-556311 goinggreen type-goinggreen status-publish has-post-thumbnail hentry tag-bioethanol tag-carbon-footprint tag-cement tag-cross-laminated-timber tag-decarbonization tag-enterprise-going-green tag-enterpriseam tag-going-green tag-green-hydrogen tag-kartick-jayaram 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> Can Africa\u2019s manufacturing go entirely green by 2050? Mckinsey seems to think <\/strong><strong>so: <\/strong>With Africa\u2019s manufacturing making up only 2% of the global value-added output, there could be a unique chance for manufacturers to entirely sidestep a trajectory of carbon intensive development and avoid the costs of going green at a later stage once these industries have already been built out, according to this <a href=\"https:\/\/ent.news\/2021\/9\/MCK-PR108-GMR-Inside_EMBARGOED-2.pdf\">McKinsey & Company report (pdf)<\/a>.<\/p>\n<p><strong>A USD 2 tn pipe dream, or the wave of the future? <\/strong>The report estimates that reaching net zero emissions would require a hefty USD 2 tn investment over the next three decades, with a number of long-term upsides to committing to this ambitious goal. The report points to the creation of a total 6.6 mn \u201cgreen jobs\u201d \u2014 with 3.8 mn of those being newly created \u2014 and avoiding the more costly transition to low carbon manufacturing in the future.<\/p>\n<p><strong>Today, we look at the policies McKinsey recommends and how far along Egypt is in implementing them <\/strong>\u2014 especially as Egypt contributes 20% to the total manufacturing emissions of the continent, which themselves make up 30-40% of the continent\u2019s total emissions.<\/p>\n<p><strong>The report outlines three broad pathways to development: <\/strong>The most ambitious net-zero scenario would ultimately reduce emissions by 90% relative to 2018 levels, which the report has soberly labeled \u201cvery difficult to achieve.\u201d<\/p>\n<p><strong>Five highly polluting industries need to be reformed:<\/strong> Cement, petroleum refining, iron and steel and ammonia\u2014would have to undergo a major overhaul.<\/p>\n<p><strong>Cement tops the handful of high-polluting industries,<\/strong> currently accounting for 32% of total African manufacturing emissions, and 23% of Egypt\u2019s <a href=\"https:\/\/enterprise.press\/greeneconomys\/just-bad-construction-material-pollution-egypt\/\">total GHG emissions in 2015<\/a>. Decarbonizing the cement industry on the continent would require CAPEX of some USD 12 bn between 2021 and 2030, if countries stick to their current commitments under the 2015 Paris Agreement (what the report refers to as the \u201cbase case\u201d), and USD 15 bn under the net-zero route. Between 2030 and 2050, the base case costs rise to some USD 37 bn, while only inching up to USD 17 billion in the net zero scenario, meaning that costs associated with a net-zero-oriented transition would fall significantly over the long term.<\/p>\n<p><strong>But what does it actually mean to decarbonize the cement industry?<\/strong> Factories could phase out their coal-based heating processes for biomass fuels, which could be complimented by utilizing carbon capture storage to offset the emissions linked to cement production \u2014 though this could lead to additional costs of some USD 35 to USD 70 per ton of cement, the report suggests. Substituting clinker, a mixture of limestone and minerals essential to the production of cement, for energetically modified cement and calcined clays could reduce CO2 emissions by 50%. Some companies in Egypt have <a href=\"https:\/\/enterprise.press\/greeneconomys\/green-green-cement\/\">already begun<\/a> this transition. The report also floats the idea of using cross-laminated timber in construction as an alternative to cement altogether, saying that 40% of cement demand would have to move over to timber to meet targets.<\/p>\n<p><strong>How exactly are companies in Egypt adapting to the times? <\/strong>Suez Cement currently <a href=\"https:\/\/enterprise.press\/greeneconomys\/green-green-cement\/\">uses<\/a> low-emissions pozzolanic and limestone (blended) cement and Lafarge Egypt introduced a PZZ cement earlier this year. Otherwise only a handful of companies produce low emissions PZZ cement. Setting CO2 emissions quotas, like those outlined in Mckinsey\u2019s report, could have a much more substantial impact.<\/p>\n<p><strong>When it comes to coal, however, we\u2019re still far behind.<\/strong> Some 16 of the 18 cement companies in Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f82ed4ef-a46a-49b3-adc5-793ff47ec668\">use coal<\/a> in at least a portion of their manufacturing processes \u2014 after a number of them outfitted their facilities to run on coal in 2016 in response to the lifting of fuel subsidies. Coal consumption is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fae85406-27a8-4101-bb79-f0fc663f5330\">expected<\/a> to expand in Egypt over the coming decade to comprise somewhere between <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6d15db21-9a1a-497f-afb7-27ea3b135c76\">16 - 29%<\/a> of our energy mix by 2035, if no action is taken.<\/p>\n<p><strong>Ammonia production would also have to undergo a revamp: <\/strong>The ammonia industry relies primarily on methane steam in its manufacturing process, which produces some 1.7 tons of CO2 per ton of ammonia. Otherwise, hydrogen extracted from fossil fuel and coal <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8723d198-cc17-40e4-86dc-4bf816a93e16\">power ammonia production<\/a>. To reach a net zero emissions target in the next three decades the industry would have to substitute 60% of its greenhouse gas emitting energy sources for green hydrogen, and boost its carbon capture and storage capabilities by 40% before 2030.<\/p>\n<p><strong>The hurdle lies in the price tag for carbon capture and storage<\/strong>, which would run companies some USD 30-40 per ton. Domestically, carbon capture <a href=\"https:\/\/enterprise.press\/greeneconomys\/egypt-tackle-carbon-emissions\/\">has yet to reach<\/a> wide scale adoption as it is very expensive relative to other decarbonization strategies, like renewable energy development.<\/p>\n<p><strong>Iron and steel manufacturing would need to undergo changes as well:<\/strong> Currently, an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b1bb8644-488d-472e-9565-e23468103c16\">estimated<\/a> 1.83 tons of CO2 are emitted for every ton of steel produced. Utilizing green hydrogen in direct reduced iron (DRI) electric arc furnaces \u2014 which bypasses traditional extraction of iron from iron ore without using coal \u2014 could become the primary pathway towards zero emissions steel production. Commercial level production of this alternative is expected to become feasible by 2024, and DRI would need to replace traditional iron extraction by 2030 in order to reach that net zero target. Steel recycling also needs to see at least 45% growth by 2050. Egypt is the <a href=\"https:\/\/enterprise.press\/greeneconomys\/just-bad-construction-material-pollution-egypt\/\">largest steel consumer<\/a> in the MENA region, and steel production was responsible for 1% of the country\u2019s CO2 emissions in 2015.<\/p>\n<p><strong>Every other manufacturing process would have to rely on substantial developments in<\/strong> <strong>green energy<\/strong>. Solar and wind-generated power would have to be scaled up on the continent by 70% from current levels, and 95% of power would need to come from renewables by 2050 to provide for industrial operations under a net zero goal, according to the report. In Egypt, the government has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8b38978-d415-4824-a357-94afdd3984d7\">set its sights<\/a> on having 42% of the country\u2019s electricity generated from renewable sources by 2035, but as of 2019 renewables only accounted for 3.4% of our energy mix.<\/p>\n<p><strong>Green hydrogen is high up on the list of supplemental cross-sector strategies for meeting the net-zero target:<\/strong> Hydrogen produced using renewable energy \u2014 which by some estimates contains almost <a href=\"https:\/\/enterprise.press\/greeneconomys\/enterprise-explains-green-hydrogen\/\">three times as much energy as fossil fuels<\/a> \u2014 must become a crucial driver of the continent\u2019s transition, and the cost of production of green hydrogen should fall to some USD 2 per kg by 2030, according to the report.<\/p>\n<p><strong>Egypt is already on the road to large-scale green hydrogen production<\/strong> and could soon <a href=\"https:\/\/enterprise.press\/greeneconomys\/enterprise-explains-green-hydrogen\/\">launch an initial phase<\/a> of projects worth some USD 3-4 bn. Taqa Arabia is among the private sector players that have already signed an MoU with German-based Man Solutions to pilot a green hydrogen project in Egypt, but we\u2019re still not at a commercial level, executive chairman of the New and Renewable Energy Authority (NREA) Mohamed El Khayat previously told us.<\/p>\n<p><strong>And the cost of all this? <\/strong>That estimated USD 2 tn in additional investments the report suggests will be needed, some USD 600 bn will go to transitioning existing manufacturing industries to low carbon processes, with the remaining USD 1.4 tn going towards creating new industries that supplement or substitute cement, coal to liquids, and petroleum refining sectors. Besides funding, an immense challenge lies in getting countries to commit to these transformational strategies today, when fuel sources with no GHG emissions remain out of reach.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top climate stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>SFE, Fertiglobe, Scatec <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7f65631-b26f-45aa-a4de-a2daadb77981\">agree on green hydrogen plant<\/a><\/strong><strong>: <\/strong>Norwegian solar company Scatec has entered an agreement with the Sovereign Fund of Egypt and Nassef Sawiris-backed Fertiglobe to develop a new 50-100 MW green hydrogen plant in Ain Sokhna.<\/li>\n<li><strong>Independent power producer Globeleq <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7f65631-b26f-45aa-a4de-a2daadb77981\">acquires ARC Renewable Energy<\/a><\/strong><strong>\u2019s<\/strong><strong> 66 MW PV solar plant in Aswan\u2019s Benban for an undisclosed sum. <\/strong>Globeleq, a subsidiary of the UK government\u2019s development finance arm CDC Group, will provide ARC with asset management services and oversee the plant\u2019s operation and maintenance.<\/li>\n<li><strong>The green energy transition <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7606849-d21c-4d48-bb95-df7a3adcf80d\">is gaining pace<\/a><\/strong><strong> \u2014 but not enough to avert<\/strong><strong> catastrophic warming. <\/strong>That\u2019s according to the International Energy Agency\u2019s (IEA) <a href=\"https:\/\/www.iea.org\/reports\/world-energy-outlook-2021\">World Energy Outlook 2021 report<\/a>, which urges governments to get more ambitious on clean energy targets ahead of November\u2019s COP26 UN climate summit.<\/li>\n<li><strong>The Environment Ministry\u2019s newly-set-up National Council for Climate Change held <\/strong><strong>its third meeting yesterday<\/strong>, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/252049940298767?__cft__[0]=AZVHoEh4v9vySolFfZ6gr-mZ2GLO0jqizclcvEKAqdCV67Ti5vqm2r8q6_D88SvlcmWukv9rxBtp0vOl_c24I8JUtkC5nErIn1p1LFfQjYFM3KlwCDONEWs8S9E0blHmqsd7JnDqtFhvRXaD8ooKnTj7&__tn__=%2CO%2CP-R\">and touched on<\/a> the key topics due to feature on the agenda of the upcoming 2021 COP26 conference in Glasgow.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bioethanol\/\">bioethanol<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carbon-footprint\/\">carbon footprint<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cement\/\">cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cross-laminated-timber\/\">cross-laminated timber<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/going-green\/\">going green<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kartick-jayaram\/\">Kartick Jayaram<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"556313\" 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\/19\/your-essential-business-calendar-on-19-october\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556313\" class=\"content-area-description single-story post-556313 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>14-22 October (Thursday- Friday): <a href=\"http:\/\/elgounafilmfestival.com\/\">El Gouna Film Festival<\/a>.<\/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> 20 October (\u064bWednesday): E-Finance begins trading on EGX.<\/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>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>2-3 November (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>7-10 November (Sunday-Wednesday): Cairo ICT 2021, Egypt International Exhibition Center, New Cairo.<\/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>25-27 November (Thursday-Saturday): <a href=\"https:\/\/www.facebook.com\/events\/857701738279267\/\">RiseUp Summit<\/a>, Cairo, Egypt.<\/p>\n<p>26 November-5 December (Friday-Sunday): <a href=\"https:\/\/www.facebook.com\/CairoFilms\/photos\/a.386668088207064\/1611462495727611\/\">The 43rd Cairo International Film Festival<\/a>.<\/p>\n<p>29 November-2 December (Monday-Thursday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">Egypt Defense Expo<\/a>, Egypt International Exhibition Centre.<\/p>\n<p>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\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":556289,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-556288","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3d77ead9-f189-497a-96b8-cbfa2657180a","teaser":"","photo_url":"https:\/\/ent.news\/2021\/10\/202.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 Competition watchdog scolds business community on M&amp;A - 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-competition-watchdog-scolds-business-community-on-ma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Competition watchdog scolds business community on M&amp;A\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T01:14:28+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\/202.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-competition-watchdog-scolds-business-community-on-ma\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/\",\"name\":\"Enterprise Competition watchdog scolds business community on M&A - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/202.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-10-19T04:11:35+00:00\",\"dateModified\":\"2025-12-16T01:14:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/202.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/202.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#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 Competition watchdog scolds business community on M&#038;A\"}]},{\"@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 Competition watchdog scolds business community on M&A - 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-competition-watchdog-scolds-business-community-on-ma\/","og_locale":"en_US","og_type":"article","og_title":"Enterprise Competition watchdog scolds business community on M&A","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T01:14:28+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/202.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/","name":"Enterprise Competition watchdog scolds business community on M&A - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/202.jpg?fit=%2C&ssl=1","datePublished":"2021-10-19T04:11:35+00:00","dateModified":"2025-12-16T01:14:28+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/202.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/202.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-competition-watchdog-scolds-business-community-on-ma\/#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 Competition watchdog scolds business community on M&#038;A"}]},{"@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\/556288","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\/556288\/revisions"}],"predecessor-version":[{"id":556323,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556288\/revisions\/556323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/556289"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}