{"id":556436,"date":"2021-10-26T04:12:11","date_gmt":"2021-10-26T04:12:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=556436"},"modified":"2025-12-16T01:17:46","modified_gmt":"2025-12-16T01:17:46","slug":"enterprise-el-sisi-wont-look-to-extend-state-of-emergency","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-el-sisi-wont-look-to-extend-state-of-emergency\/","title":{"rendered":"Enterprise El Sisi won\u2019t look to extend state of emergency"},"content":{"rendered":"<section id=\"556438\" 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=\"556438\">\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\/26\/this-morning-us-to-accept-sinopharm-jabs-prince-charles-to-visit-egypt\/\">\r\n                            THIS MORNING: US to accept Sinopharm jabs, Prince Charles to visit Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/this-morning-us-to-accept-sinopharm-jabs-prince-charles-to-visit-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(); 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We have full coverage in the news well, below.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>ALSO FROM THE DEPT. OF VERY GOOD NEWS- Your Sinopharm jab will soon be able to <\/strong><strong>get <\/strong><strong>you in the US: <\/strong>The United States will allow all international travellers from any destination who have received any of the seven WHO recognized vaccines to enter the country starting 8 November, <a href=\"https:\/\/www.reuters.com\/world\/us\/us-outline-nov-8-international-travel-reopening-vaccination-rules-2021-10-25\/\">Reuters<\/a> reports. A presidential order signed by Joe Biden yesterday said the country would \u201cadopt an air travel policy that relies primarily on vaccination.\u201d<\/p><p><strong>Canada, everyone else in the European Union: <\/strong>Wouldn\u2019t you nice people like to follow suit?<\/p><p><strong>You\u2019ll even be able to travel if you\u2019re unvaccinated: <\/strong>Travellers from countries in which less than 10% of the population has been vaccinated \u2014 including Egypt \u2014 are exempt from the new rules, but must test negative for covid-19 one day before flying. Children under 18 are also exempt.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Prince in Egypt: <\/strong>British royal family members Prince Charles and the Duchess of Cornwall will visit Cairo on November 18-19, according to a <a href=\"https:\/\/www.princeofwales.gov.uk\/press-release\/prince-wales-and-duchess-cornwall-will-visit-hashemite-kingdom-jordan-and-arab\">statement<\/a>. The pair will be formally welcomed by President Abdel Fattah El Sisi in Cairo before traveling to Alexandria on the second day of their visit. The Queen\u2019s eldest son will focus on environmental issues during the trip, including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5bdb7de2-4df2-41ec-ac13-b0df798021dd\">Egypt\u2019s nomination<\/a> to host the UN\u2019s COP27 climate conference next year, the statement read. Before arriving in Cairo, the two will spend three days in Jordan to mark the country\u2019s centenary.<\/p><hr class=\"grey-line\"><p><strong>SIGN OF THE TIMES #1- Egypt has a walk-on role in the Facebook Files<\/strong>, with the Associated Press reporting that two years ago, <a href=\"https:\/\/apnews.com\/article\/the-facebook-papers-maid-abuse-94909f43c725af09522704348e35bd25\">Apple threatened to ban Facebook from its app store<\/a> \u201cover concerns about the platform being used as a tool to trade and sell maids in the Mideast.\u201d While most of the \u201cmaterial\u201d on the platform originated in Saudi Arabia, \u201cabout a quarter\u201d of it came from Egypt, the newswire reports.<\/p><p><strong>Speaking of Apple: The first reviews of the new 14\u201d and 16\u201d MacBook Pros <\/strong>powered by the M1 Max and M1 Pro chips are starting to trickle out. Verge boss Nilay Patel is clearly impressed in this first impressions review (<a href=\"https:\/\/www.theverge.com\/platform\/amp\/22744023\/macbook-pro-2021-m1-pro-m1-max-impressions\">read<\/a> or <a href=\"https:\/\/www.youtube.com\/watch?v=ijMxKKdfSBM\">watch, runtime: 6:05<\/a>) and Jon Gruber over a <a href=\"https:\/\/daringfireball.net\/2021\/10\/the_2021_14-inch_macbook_pro\">Daring Fireball serves up enthusiasm and nuance in equal measure<\/a>. Both are must-reads for our fellow iSheep and normals alike. All we can say is: Thank God for ports.<\/p><p><strong>PSA- Are you freaked out over the prospect of hyperinflation? <\/strong>Brewing energy and supply chain \/ logistics crises are driving up prices, and the chattering class is losing its mind. What if the risk is deflation, not inflation? Read on:<\/p><p><strong>THE SMARTEST THING YOU\u2019LL READ TODAY is over on Cathie Wood\u2019s Twitter, where <\/strong><strong>she trenchantly suggests Jack Dorsey\u2019s crystal ball is busted. <\/strong>Wood is the carefully followed CEO and CIO of asset manager Ark Invest. Responding to Twitter and Square CEO Jack Dorsey\u2019s claim that \u201c<a href=\"https:\/\/twitter.com\/jack\/status\/1451733913961783299\">hyperinflation is going to to change everything. It\u2019s happening<\/a>,\u201d Wood retorts that <strong>our future is much more likely to be about deflation<\/strong>. She points to both trends both secular (technologically enabled innovation thanks to things like AI and What wood calls \u201ccreative destruction\u201d) and cyclical (businesses have over-ordered \u2014 and rise of ESG is pushing the world away from oil, no matter what). <strong><a href=\"https:\/\/twitter.com\/cathiedwood\/status\/1452492766936772610?s=12\">Do yourself a favour and read the thread in full.<\/a><\/strong> It\u2019s time well-spent.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>SIGN <\/strong><strong>OF THE TIMES #2- Tesla has joined the USD 1 tn club<\/strong>, after its market value surged yesterday, making it the second-fastest company after Facebook to reach the milestone, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/tesla-races-toward-trillion-dollar-value-as-evs-go-mainstream?srnd=premium-europe&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. The electric car maker\u2019s shares surged following news that Tesla\u2019s Model 3 was the top selling car in Europe last month. Car rental giant Hertz Global has also placed a record order of 100k vehicles, amid the global surge in demand for electric vehicles. Tesla joins Apple, Microsoft, Alphabet, and Amazon \u2014 all of which have a market cap of over USD 1 tn.<\/p><p><strong>Elon is now personally worth more than Exxon Mobil<\/strong>, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/elon-musk-is-now-worth-more-than-exxon-s-market-capitalization\">Bloomberg\u2019s bn\u2019aires index<\/a>.<\/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>THE BIG STORY ABROAD- <\/strong><\/p><p><strong>At least seven protesters have been killed and <\/strong><strong>140 injured in clashes between civilians and the military following the latter\u2019s takeover of the country. <\/strong>Sudan\u2019s military forces arrested key civilian ministers and members of the transitional sovereign council in the early hours of Monday morning, before announcing a state of emergency and the dissolution of both the council and the government in what was seen as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9078a39-f115-4aab-b94c-f3f656f9c82d\">a major blow to the country\u2019s political transition<\/a>. The story is getting wide attention globally: <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2HF045\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/middle-east-africa-sudan-arrests-omar-al-bashir-c8d027c0a9e250fcb5a595bdc987d282\">Associated Press<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/sudan-army-leader-vows-new-government-after-premier-arrested?sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.ft.com\/content\/7bd25e7b-6c72-4aa9-97cc-ac4275b0e329\">Financial Times<\/a>.<\/p><p><strong>The Madbouly government <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257298343107260\">announced<\/a><\/strong><strong> the creation of a special operations room<\/strong> and dedicated email to receive inquiries from Egyptians in Sudan, while EgyptAir <a href=\"https:\/\/bit.ly\/3jDInpl\">cancelled<\/a> its afternoon flight to Khartoum yesterday. Foreign Minister Sameh Shoukry yesterday <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257238946446533\">underscored<\/a> the need to maintain stability in Sudan in a phone call with US Special Envoy for the Horn of Africa Jeffrey Feltman.<\/p><p><strong>CLOSER TO HOME- Turkish President Recep Tayyip Erdogan appeared to walk back his <\/strong><strong>order to expel 10 Western ambassadors<\/strong>, saying in a televised statement, \u201cour intention was never to cause a crisis,\u201d according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/turkey-skirts-escalation-as-erdogan-softens-on-envoy-expulsions-kv6sbzu4?sref=mmeFTDW1\">Bloomberg<\/a>. Erdogan made the move after the expulsion demand prompted the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/135570d9-0b5a-43e6-a3bc-f47f667d1b46\">TRY to tumble<\/a> and almost cost the country key partnerships with the west.<\/p><p><strong>HAPPENING TODAY-<\/strong><\/p><p><strong>The European Investment Bank (EIB) will hold <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/10\/EIB-Financing-Water-Projects-Oct21.pdf\">a seminar on financing water<\/a><\/strong><strong><a href=\"https:\/\/ent.news\/2021\/10\/EIB-Financing-Water-Projects-Oct21.pdf\">infrastructure (pdf)<\/a><\/strong> today at the Nile Ritz Carlton.<\/p><p><strong>A webinar on sustainable transport <\/strong>featuring keynote speeches by EU ambassador to Egypt Christian Berger and Public Enterprises Minister Hisham Tawfik will take place this morning at 10am. <a href=\"https:\/\/sustainableenergyegypt.com\/sustainable-mobility-for-egypt-webinar-26th-of-october-10-00-hrs-am\/\">Register here<\/a>.<\/p><p><strong>HAPPENING THIS WEEK-<\/strong><\/p><p><strong>It\u2019s interest rate week:<\/strong> The Central Bank of Egypt will meet this Thursday to discuss interest rates. All 12 analysts <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2271d9e1-cc44-40f7-bed0-32614101fbb4\">polled by Enterprise<\/a> see the central bank leaving rates on hold for another meeting, citing the need to maintain portfolio inflows and uncertainty over inflation.<\/p><p><strong>And then it\u2019s the Fed\u2019s turn:<\/strong> The US Federal Reserve will meet to review interest rates on 2-3 November (Tuesday-Wednesday next week). The Fed is widely expected to keep interest rates steady in order to start tapering its asset purchases this month, though inflationary pressures are causing unease among some officials over the timeline, the <a href=\"https:\/\/www.wsj.com\/articles\/fed-prepares-to-taper-stimulus-amid-more-doubts-on-inflation-11635154202?mod=hp_listb_pos3\">Wall Street Journal<\/a> reports. The longer the US can put off a rate hike, the better, as <strong>lower US interest rates relieve pressure on EM treasuries and maintain the appeal of our carry trade<\/strong>. One analyst we polled suggests that investors in Egyptian debt have already priced in a Fed rate hike.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>We\u2019re looking forward to reading <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Justo-Tiempo-historia-p%C3%A9rdida-comienzo-ebook\/dp\/B09HPRPHR4\">Justo a Tiempo<\/a><\/strong><strong>, a memoir penned by our friend <\/strong><strong>\u200b\u200bMaria Laura Sanchez Puerta (<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af34f74d-0aa1-4166-9355-e86880dd7e70\">Morning Routine<\/a><\/strong><strong>) about her family\u2019s battle against cancer.<\/strong> Sanchez Puerta, who is the World Bank\u2019s human development program leader in Egypt, is launching her memoir on Sunday, 7 November at Osana in Maadi. Argentinian Ambassador Eduardo Varela and Cairo University Professor Rasha Abboudy will also be speaking at the event.<\/p><p><strong>SPOOKY \u2014 it\u2019s almost the end of October.<\/strong> Here are dates for some key news triggers next month:<\/p><ul>\n<li><strong>PMI:<\/strong> November\u2019s purchasing managers\u2019 indexes for Egypt, Saudi Arabia and the UAE will land on Wednesday, November 3.<\/li>\n<li><strong>Foreign reserves:<\/strong> October\u2019s foreign reserves figures will be out sometime during the first week of November.<\/li>\n<li><strong>Inflation: <\/strong>Inflation figures for October will be released on Wednesday, 10 November.<\/li>\n<\/ul><p><strong>Women entrepreneurs have until 6 November to apply to a new accelerator program <\/strong><strong>launched by NGO Nahdet El Mahrousa<\/strong> offering up to EGP 200k in grants, mentorship, and other business support. Founders and social enterprise leaders working in ICT, creative industries, or on projects that support gender equality are eligible to apply. The program, Rabeha, was launched in partnership with UN Women Egypt, the Egyptian National Council for Women, Global Affairs Canada, and other partners. You can <a href=\"https:\/\/l.facebook.com\/l.php?u=https%3A%2F%2Fbit.ly%2F3DWmlG5%3Ffbclid%3DIwAR0CgpdQDltgFGzhoGJmuKRr5AdNL_bxkQIE7ejiUngECbkxK-Qg3WQ1LAs&amp;h=AT03bTcEWHO7_ifSyWY3bzUc-4W2xyBotj8E6jDvCOL2g53DHT_1O-x-6WJEHQmxMXlxAvB-DaYAdjcjN1G0nWZBboNwVUPZ69Ua7N1_VRuZTOXC_gPJRuv0i4eqb8Sxzl7K&amp;__tn__=-UK-R&amp;c%5B0%5D=AT1HqXk_X4HRQoevTN35Wj-0uhLHrBeazxBScbrfhO3vQVPEgiiCAGC1QpNkyytUpdrdEmhOyhxjQU2yUeKNtV12aIbQoco90gnb9pzz2WJj9o-nFnvIGq21LI5OeTpfeJZ2jrjus2lOZqRLTUHrcLXrIhu6TpLQm0zXJzSAUdUSEzwfnrSJWdcx_K8duqOHSxQSNNw\">apply here<\/a>.<\/p><p><strong>It\u2019s another busy week<\/strong> for conferences, exhibitions, and other business events in Egypt:<\/p><ul>\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 tomorrow and Thursday<\/strong>, 27 and 28 October.<\/li>\n<li>The Middle East Angel Investment Network\u2019s <strong><a href=\"http:\/\/mainmena.com\/conference\/4\">Angel\u2019s Oasis<\/a><\/strong> retreat runs from tomorrow through Friday in El Gouna, with separate pricing for in-person and virtual attendance.<\/li>\n<li><strong>Grassroots community leaders<\/strong> aged 25-38 have until tomorrow to apply for the US State Department-backed <strong><a href=\"https:\/\/www.facebook.com\/communitysolutionsprogram\/\">Community Solutions Program<\/a><\/strong>. Applications can be submitted <a href=\"https:\/\/bit.ly\/csp2022apply\">here<\/a>.<\/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>In Egypt and around the world, a growing number of people are turning to veganism as a way to reduce their personal carbon footprint and do their part for the environment. Meat and dairy products are widely known to be major culprits in the emission of greenhouse gases, but plant-based and vegan products can also have an outsized impact on the environment \u2014 whether because of their water consumption or because of how supply chains are set up, and the process of getting products from farm to table. We look at how environmentally friendly going vegan actually is.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-federal-reserve\/\">US Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"556439\" 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=\"556439\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/556439\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556439\" class=\"content-area-description single-story post-556439 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\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=\"556440\" 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=\"556440\">\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\">Politics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/state-of-emergency-will-not-be-extended-el-sisi\/\">\r\n                            State of emergency will not be extended- El Sisi                        <\/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\/26\/state-of-emergency-will-not-be-extended-el-sisi\/\" 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\/26\/state-of-emergency-will-not-be-extended-el-sisi\/')\">\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\/26\/state-of-emergency-will-not-be-extended-el-sisi\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=State of emergency will not be extended- El Sisi&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/state-of-emergency-will-not-be-extended-el-sisi\/\">\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\/26\/state-of-emergency-will-not-be-extended-el-sisi\/&title=State of emergency will not be extended- El Sisi\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=State+of+emergency+will+not+be+extended-+El+Sisi+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F26%2Fstate-of-emergency-will-not-be-extended-el-sisi%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\/26\/state-of-emergency-will-not-be-extended-el-sisi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/272.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"556441\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/state-of-emergency-will-not-be-extended-el-sisi\/272-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/272.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"272.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/272.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/272.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556440\" class=\"content-area-description single-story post-556440 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_politics tag-emergency-act tag-enterpriseam tag-national-security tag-politics tag-terrorism 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>Egypt\u2019s state of emergency will not be renewed for the first time <\/strong><strong>since 2017 as the country<\/strong> <strong>has grown more secure and stable<\/strong>, President Abdel Fattah El Sisi said on <a href=\"https:\/\/www.facebook.com\/AlSisiofficial\/posts\/435850381239394\">Facebook<\/a> yesterday. The state of emergency, which was declared in 2017 following a large-scale terror attack and had been extended by presidential decree in three month increments ever since, will not be extended for a further three months as had been customary, the president said. The latest three-month period ended over the weekend. The story is getting play in the foreign press, with <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypts-president-sisi-ends-state-emergency-first-time-years-2021-10-25\/\">Reuters<\/a>, the <a href=\"https:\/\/apnews.com\/article\/middle-east-africa-egypt-bombings-80b2eadf00af6769cb044e26c38d8c83\">Associated Press<\/a>, the <a href=\"https:\/\/www.nytimes.com\/2021\/10\/25\/world\/middleeast\/egypt-sisi-state-emergency.html\">New York Times<\/a>, and Russia's <a href=\"https:\/\/sputniknews.com\/20211025\/egypts-el-sisi-ends-state-of-emergency-for-first-time-in-four-years-1090201046.html\">Sputnik<\/a> among those taking note.<\/p>\n<p><strong>Background: <\/strong>The state of emergency was announced <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/10\/twin-church-attacks-leave-47-dead-126-injured-in-tanta-alexandria\/\">in April 2017<\/a> after terrorist attacks at the time in Alexandria and Tanta that killed dozens of Coptic Christians. It allowed warrantless arrests, gave security forces the right to detain suspects without evidence, and directed authorities to speed up the prosecution of suspects, as well as established special and emergency courts. El Sisi had previously promised that emergency rule would not be extended indefinitely, as was the case during the Mubarak era.<\/p>\n<p><strong>When it was first imposed, the decision triggered some push-back from foreign media outlets<\/strong>, with many <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/12\/emergency-law-is-topping-headlines-in-international-media\/\">at the time<\/a> angling in on how a state of emergency erodes freedoms. Locally, critical voices <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/16\/the-extension-of-emergency-rule-relied-on-a-constitutional-loophole-but-should-be-considered-a-constitutional-violation\/\">were worried<\/a> that a permanent state of emergency woudn\u2019t do much in the fight against terrorism and could have a negative impact on the investment climate.<\/p>\n<p><strong>The business community welcomed the news last night<\/strong>, with celebrity b\u2019naire Naguib Sawiris <a href=\"https:\/\/twitter.com\/NaguibSawiris\/status\/1452705802658140163\">tweeting<\/a> that the decision is \u201ca brave and cheerful move \u2026 [that] enhances stability \u2026 and encourages investment and tourism.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emergency-act\/\">Emergency Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/terrorism\/\">terrorism<\/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=\"556442\" 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=\"556442\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/enterprise-talks-to-imf-director-for-me-and-central-asia-jihad-azour\/\">\r\n                            Enterprise talks to IMF Director for ME and Central Asia Jihad Azour                        <\/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\/26\/enterprise-talks-to-imf-director-for-me-and-central-asia-jihad-azour\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Overall MENA growth projections on the other hand were revised upwards by 0.4% to 4.1% in 2022.<\/p>\n<p><strong>We sat down with director of the Middle East and Central Asia Department at the IMF Jihad Azour <\/strong>to talk about the MENA\u2019s upgrade and Egypt\u2019s downgrade, the impact of rising commodity prices, inflation and vaccine supply on the region.<\/p>\n<p>Edited excerpts from our conversation-<\/p>\n<p><strong>Covid has impacted Egypt\u2019s growth because the country\u2019s economy is highly dependent on tourism and social contact sectors<\/strong>. Egypt\u2019s GDP growth held strong during 2020 due to the buffers it had built in the past, including monetary and fiscal measures. But the IMF\u2019s downgrade of Egypt\u2019s growth projections in FY2021-2022 comes in light of declining tourism numbers over the previous year. Accelerating vaccination, as well as reactivating the structural reform agenda, will be important factors in helping Egypt accelerate recovery,<\/p>\n<p><strong>We expect the increase in prices in light of the rise in commodity prices and inflation rates to remain this year, and then gradually start receding in 2022. <\/strong>The real issue for us this year is the fact that the increase is driven by food prices, and food is an important item in the basket of many families in the region, especially those who are in the low income vulnerable categories. It's very important to address the social dimension of that. We still think that with inflation being temporary, the measures that are introduced so far are sufficient, but we are asking central banks to remain vigilant and when needed, to take additional measures to avoid any de-anchoring of inflation expectations.<\/p>\n<p><strong>Covid-19 disruptions to supply chains had a milder effect on<\/strong><strong> oil exporters<\/strong> thanks to the subsidy system in place. Measures introduced early on, as well as vaccinations, allowed them to have a smoother re-opening.<\/p>\n<p><strong>Current inflation risks should not necessarily be met with extreme <\/strong><strong>measures<\/strong><strong>. <\/strong>In the majority of cases, inflation is being driven by strong recovery and capacity shortages. Therefore, it's important not to introduce permanent measures<sup><\/sup><sup><\/sup> if the inflation risk is not expected to be long-lasting.<\/p>\n<p><strong>But there are a few strategies that could reduce tensions on artificially inflated prices. <\/strong>These include improving supply chains, reducing any potential bottlenecks that exist in your economy, and allowing more market practices to prevail. There is also a need to recalibrate the support measures that were introduced during covid to make them more effective at serving those who are in need, while unwinding some of the measures that are no longer necessary.<\/p>\n<p><strong>The impact of rising oil prices on energy-importing countries will be seen in their current account first.<\/strong> This could lead to an increase in costs of production, especially in countries where the public transportation system is not efficient. It could increase the cost of transport, especially for low- and middle-income groups in countries with generous subsidy systems or inefficient utilities, like Lebanon, where this is already taking place.<\/p>\n<p><strong>Countries like Egypt, who had already reformed their subsidy system, will feel less of an impact on their balance of payments. <\/strong>Several countries have already started to reform their subsidy system, gradually moving from a commodity-based subsidy to an income-based subsidy, which lessens the impact of rising prices. In Egypt, for example, the development of the Takaful and Karama programs and the removal of gasoline subsidies helped the government address this issue and limit its impact.<\/p>\n<p><strong>Increased vaccination rates and the recovering oil sector are behind MENA\u2019s improved growth forecast of 4.1% in 2022. <\/strong>Countries who have accelerated vaccination were able to recover faster. Since the beginning of the year, there has been improvement in economic activities, especially in GCC countries and Morocco, which have introduced efficient tracing and tracking measures, besides pushing for vaccinations. This can also gradually be seen in Egypt, Jordan and Tunisia. Saudi Arabia, for example, was able to reduce its daily infection count from 5k to 50, and the gradual improvement in oil and gas prices helped the recovery of all GCC economies. In 2021, the non-oil sector will gradually drive the recovery in the GCC as production increases, but the oil sector will contribute to growth in 2022.<\/p>\n<p><strong>But vaccine supply is not the only issue \u2014 logistics and acceptance of vaccination are equally important. <\/strong>Countries that have diversified their vaccination supply were able to preserve the capacity to vaccinate faster, but streamlining vaccination logistics and processes are equally important. There are certain countries who were able to accelerate the process because they had put a logistical chain in place, such as the UAE and Morocco. The third important aspect is the issue of the public accepting the need for vaccinations. Regulatory frameworks \u2014 such as requiring proof of jabs for social activities \u2014 can accelerate this process.<\/p>\n<p><strong>A lagging vaccine rollout is a huge risk for economic recovery. <\/strong>The UAE, Saudi Arabia, and Qatar were able to open up the economy given their high rates of vaccination. The IMF provided special drawing rights (SDRs) to move vaccinations forward and we hope that they will be used in several countries where financial issues limited the process. Our analysis shows that if a country accelerates vaccination, it could add additional growth of almost 0.5%.<\/p>\n<p><strong>Rising unemployment and weaknesses in the corporate sector are also risks. <\/strong>Countries who are lagging in terms of vaccines also face the risk of increased unemployment, and increased vulnerability and weaknesses in the corporate sector, which will delay their recovery.<\/p>\n<p><strong>But it all depends on the level of contact, and the digitization of each sector.<\/strong> Sectors where technology is very well entrenched have recovered faster, while sectors more reliant on human contact and informal sectors have lagged behind. The reformation of labor markets, providing better infrastructure for women to work, and investing heavily in technology and the digital climate will aid the recovery process.<\/p>\n<p><strong>The fund has been supportive to Egypt over the last few years.<\/strong> The IMF provided the country with an extensive program in 2016, which was successfully implemented and helped Egypt increase its access to donor funding. During the crisis, we provided the country with USD 8.5 bn, and a one-year stand-by agreement. Recently, we also offered USD 2.8 bn in SDRs.<\/p>\n<p><strong>But the form of coming partnerships depends on the government\u2019s strategies. <\/strong>We are in regular dialogue with the authorities to provide technical assistance and policy support. Now it depends on the strategies that the authorities want to pursue.<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jihad-azour\/\">Jihad Azour<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/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=\"556444\" 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=\"556444\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/another-1-06-mn-jj-vaccines-landed-yesterday\/\">\r\n                            Another 1.06 mn J&#038;J vaccines landed yesterday                        <\/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\/26\/another-1-06-mn-jj-vaccines-landed-yesterday\/\" 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\/26\/another-1-06-mn-jj-vaccines-landed-yesterday\/')\">\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\/26\/another-1-06-mn-jj-vaccines-landed-yesterday\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Another 1.06 mn J&#038;J vaccines landed yesterday&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/another-1-06-mn-jj-vaccines-landed-yesterday\/\">\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\/26\/another-1-06-mn-jj-vaccines-landed-yesterday\/&title=Another 1.06 mn J&#038;J vaccines landed yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Another+1.06+mn+J%26%23038%3BJ+vaccines+landed+yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F26%2Fanother-1-06-mn-jj-vaccines-landed-yesterday%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\/26\/another-1-06-mn-jj-vaccines-landed-yesterday\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556444\" class=\"content-area-description single-story post-556444 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-fda tag-johnson-johnson wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Egypt got its hands on 1.06 mn Johnson & Johnson vaccine doses yesterday<\/strong>, according to a Health Ministry <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/190577819920107?__cft__[0]=AZUCoKGL4mvkkXCbRpAtKvJGmiZdsgXjutrFdLSxbXYik0StzpSmGRMgN4r2Jd8pjia2LZEmwZyc1vi-0pIzh0GIc9-SRSNGxTZpfnEZfM0WpsAAuPE1UDfS4x8WW0QZ6RLvrK0w2Kk6WiD6h4eiYjpa7dF1lRV170OjHY1LJGciSQ&__tn__=%2CO%2CP-R\">statement<\/a>. This marks the third shipment of covid-19 vaccine doses to arrive this month, following the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c804664f-a6f9-48ee-899f-e505bcbbd555\">arrival<\/a> of 1.4 mn Pfizer jabs <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dba1af32-924b-48de-8e71-9903199d1676\">on Friday<\/a>, and another batch <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c804664f-a6f9-48ee-899f-e505bcbbd555\">last week<\/a>. This is also the third batch of J&J vaccines to reach our shores, with the shipment being sent primarily to travel vaccine centers for those needing to travel abroad. We are still <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0dc80c1c-83cf-42cd-8a26-7f5af5768b36\">expected<\/a> to receive some 3 mn more doses before the end of the month, in addition to the 2 mn doses per week of Sinovac jabs being produced at Vacsera.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/photo\/?fbid=191012853209937&set=a.113299804314576\">reported<\/a><\/strong><strong> 889 <\/strong><strong>new covid-19 infections yesterday<\/strong>, up from 886 the day before. Egypt has now disclosed a total of 325,508 confirmed cases of covid-19. The ministry also reported 48 new deaths, bringing the country\u2019s total death toll to 18,333.<\/p>\n<p><strong>Kids aged 5-11 could be eligible for covid vaccines in the US as soon as early <\/strong><strong>November<\/strong>, top US infectious disease expert Anthony Fauci told <a href=\"https:\/\/abcnews.go.com\/Politics\/week-transcript-10-24-21-dr-anthony-fauci\/story?id=80746200\">ABC News<\/a>. <a href=\"https:\/\/www.fda.gov\/media\/153409\/download\">FDA<\/a> analysis of <a href=\"https:\/\/www.pfizer.com\/news\/press-release\/press-release-detail\/pfizer-and-biontech-announce-positive-topline-results\">Pfizer<\/a> trials found the vaccines were \u201chighly effective\u201d in preventing serious illness in elementary school-aged children, with the benefits <a href=\"https:\/\/www.npr.org\/sections\/coronavirus-live-updates\/2021\/10\/23\/1048660468\/fda-pfizer-vaccine-kids-effective\">far outweighing the risks<\/a>. The regulator is now set to discuss the authorization of the <a href=\"https:\/\/www.pfizer.com\/news\/press-release\/press-release-detail\/pfizer-and-biontech-submit-initial-data-us-fda-pivotal\">lower-dose pediatric vaccine<\/a> with Pfizer later today. <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/fauci-says-vaccines-kids-between-5-11-likely-available-november-2021-10-24\/\">Reuters<\/a> also had the story.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fda\/\">FDA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/johnson-johnson\/\">Johnson &amp; Johnson<\/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=\"556445\" 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=\"556445\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/sharm-hurghada-will-soon-be-swarming-with-ruskies\/\">\r\n                            Sharm + Hurghada will soon be swarming with Ruskies                        <\/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\/26\/sharm-hurghada-will-soon-be-swarming-with-ruskies\/\" 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\/26\/sharm-hurghada-will-soon-be-swarming-with-ruskies\/')\">\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\/26\/sharm-hurghada-will-soon-be-swarming-with-ruskies\/\">\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=Sharm + Hurghada will soon be swarming with Ruskies&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/sharm-hurghada-will-soon-be-swarming-with-ruskies\/\">\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\/26\/sharm-hurghada-will-soon-be-swarming-with-ruskies\/&title=Sharm + Hurghada will soon be swarming with Ruskies\">\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=Sharm+%2B+Hurghada+will+soon+be+swarming+with+Ruskies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F26%2Fsharm-hurghada-will-soon-be-swarming-with-ruskies%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\/26\/sharm-hurghada-will-soon-be-swarming-with-ruskies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/274.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"556446\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/sharm-hurghada-will-soon-be-swarming-with-ruskies\/274-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/274.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"274.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/274.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/274.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556445\" class=\"content-area-description single-story post-556445 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-aviation tag-covid-19 tag-enterpriseam tag-hurghada tag-russia tag-sharm-el-sheikh tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>More <\/strong><strong>Russian tourists are expected to flock to Hurghada and Sharm El Sheikh starting <\/strong><strong>the first week of November<\/strong>, with tour operators reporting record demand for flight and hotel bookings, according to the <a href=\"https:\/\/www.atorus.ru\/news\/press-centre\/new\/57411.html\">Association of Tour Operators of Russia<\/a>. Russians are expected to flock to the tourist hotspots after Russian President Vladimir Putin <a href=\"https:\/\/tass.com\/society\/1352023\">announced<\/a> a long holiday of paid \u201cnon-working days\u201d due to the country\u2019s worsening covid-19 situation. Flights to the Red Sea resort towns from Russia are already 75% booked and hotels are nearly at full capacity during the week, even after the Egyptian government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ad1c2ff-9e91-4630-93e0-9b95db5765bb\">lifted<\/a> covid-19 restrictions on hotels, allowing them to operate at 100% capacity for the first time in 18 months. In March 2020, the government placed a 25% occupancy cap on hotels, which was then eased to 50% starting June 2020, before raising the limit to 70% in July of this year.<\/p>\n<p><strong>The mass return of Russian tourists comes a few months after direct flights from Russia to the Red Sea governorates were <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93a8a41f-61de-4ec4-8ec1-5b1d4089639f\">reinstated<\/a><\/strong> after a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9855c3e-2e9d-45bc-a9d8-e1e15007d087\">six-year-hiatus<\/a>. Russia has since twice <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/677e0719-a936-451b-bd5b-cdb8e758d77e\">upped<\/a>the number of flights between Moscow and the two resort towns to reach as many as 25 per week. Charter flights, which are currently suspended as part of Russia\u2019s covid-19 travel restrictions, are also set to <a href=\"https:\/\/tass.com\/economy\/1349679\">resume<\/a> starting 9 November, which is expected to bring in more tourists due to their <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93a8a41f-61de-4ec4-8ec1-5b1d4089639f\">affordability<\/a>.<\/p>\n<p><strong>This is all boding well for Egypt\u2019s recovering tourist demand:<\/strong> Arrivals averaged <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f489ef1b-59fa-4096-a0e8-6fe8638608b6\">400k<\/a>per month during the first five months of the year, which is nearly 40% of pre-pandemic figures. The recovery is also being buoyed by a host of Tourism Ministry policy decisions, including a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2922ad7d-5222-4627-ad8f-0e3b4e37daa7\">promo campaign<\/a> scheduled for the end of year, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ee5c934-0983-4e39-9a55-23b0bf570235\">subsidized loans<\/a> to help tourism companies recover from the brunt of the pandemic.<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sharm-el-sheikh\/\">Sharm El Sheikh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556447\" 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=\"556447\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/556447\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556447\" class=\"content-area-description single-story post-556447 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.sodic.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/Tactical-Male-1600WX800H-for-web.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556448\" 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=\"556448\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/no-more-state-of-emergency-for-egypt-lots-of-talk-about-the-militarys-takeover-in-sudan\/\">\r\n                            No more state of emergency for Egypt + lots of talk about the military\u2019s takeover in Sudan                        <\/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\/26\/no-more-state-of-emergency-for-egypt-lots-of-talk-about-the-militarys-takeover-in-sudan\/\" 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\/26\/no-more-state-of-emergency-for-egypt-lots-of-talk-about-the-militarys-takeover-in-sudan\/')\">\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\/26\/no-more-state-of-emergency-for-egypt-lots-of-talk-about-the-militarys-takeover-in-sudan\/\">\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=No more state of emergency for Egypt + lots of talk about the military\u2019s takeover in Sudan&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/no-more-state-of-emergency-for-egypt-lots-of-talk-about-the-militarys-takeover-in-sudan\/\">\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\/26\/no-more-state-of-emergency-for-egypt-lots-of-talk-about-the-militarys-takeover-in-sudan\/&title=No more state of emergency for Egypt + lots of talk about the military\u2019s takeover in Sudan\">\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=No+more+state+of+emergency+for+Egypt+%2B+lots+of+talk+about+the+military%E2%80%99s+takeover+in+Sudan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F26%2Fno-more-state-of-emergency-for-egypt-lots-of-talk-about-the-militarys-takeover-in-sudan%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\/26\/no-more-state-of-emergency-for-egypt-lots-of-talk-about-the-militarys-takeover-in-sudan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556448\" class=\"content-area-description single-story post-556448 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-el-sisi tag-emergency-act tag-enterpriseam tag-last-nights-talk-shows tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Yesterday\u2019s decision by President Abdel Fattah El Sisi to call off the years-long state of <\/strong><strong>emergency <\/strong>was at the focus of last night\u2019s talk shows. Ala Mas\u2019ouleety\u2019s Ahmed Moussa and El Hekaya\u2019s Amr Adib both applauded the decision, which will see the nationwide state of emergency lifted after having been extended in three-month intervals since 2017 (watch, <a href=\"https:\/\/www.youtube.com\/watch?v=gGSuQzVufRA\">runtime: 3:35<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=KEun5MSb0eQ\">runtime: 7:13<\/a>). Al Hayah Al Youm\u2019s Lobna Assal also had coverage (<a href=\"https:\/\/www.youtube.com\/watch?v=WNioSyBePHY\">watch, runtime: 4:02<\/a>). We recap the full story in Politics, above.<\/p>\n<p><strong>Adib spoke to attorney Mohamed Bahaa El Din Abo Shoka on whether the decision will impact people in pre-trial detention<\/strong> <strong>and political prisoners<\/strong> (<a href=\"https:\/\/www.youtube.com\/watch?v=7844UF2wqTs\">watch, runtime: 2:40<\/a>). Abo Shoka noted that it will only have implications on those due to be tried in special courts, but who have not yet been prosecuted. In such cases, the defendants will be referred to regular courts.<\/p>\n<p><strong>Developments in Sudan were also on the radar: <\/strong>Adib spoke to Al Arabiya correspondent Lina Yaacoub, who recapped the continued internet cut-off, riots, and calls for civil disobedience from the country\u2019s main opposition group, the FFC. (<a href=\"https:\/\/www.youtube.com\/watch?v=i3Rd1jlQriE\">watch, runtime: 6:15<\/a>). We have more on the story in What We\u2019re Tracking Today, above.<\/p>\n<p><strong>Also on the airwaves last night: <\/strong>President Abdel Fattah El Sisi\u2019s attendance yesterday of a military graduation ceremony received widespread coverage, with Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=luqaZpE_WSU\">watch, runtime: 4:07<\/a>) and Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=0lJdbJ_KX28\">watch, runtime: 6:48<\/a>) among those taking note.<\/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\/el-sisi\/\">El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emergency-act\/\">Emergency Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556449\" 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 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stk-9gcw5dm-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\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/egypt-seeks-funding-for-lake-victoria-mediterranean-river-link-studies\/\">\r\n                            Egypt seeks funding for Lake Victoria-Mediterranean river link studies                        <\/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\/26\/egypt-seeks-funding-for-lake-victoria-mediterranean-river-link-studies\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> 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href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+seeks+funding+for+Lake+Victoria-Mediterranean+river+link+studies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F26%2Fegypt-seeks-funding-for-lake-victoria-mediterranean-river-link-studies%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\/26\/egypt-seeks-funding-for-lake-victoria-mediterranean-river-link-studies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556450\" class=\"content-area-description single-story post-556450 post type-post status-publish format-standard hentry category-also-on-our-radar tag-africa tag-also-on-our-radar tag-construction tag-enterpriseam tag-nile-basin tag-real-estate tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Egypt seeks funding for Lake Victoria-Mediterranean river link: <\/strong>Egypt and several Nile Basin countries are on the lookout for USD 11.7 mn to fund the second phase of feasibility studies to move ahead with the proposed Lake Victoria-Mediterranean Sea river transport route, Transport Minister Kamel El Wazir said during a roundtable at Cairo Water Week, according to a ministry <a href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/184181900545541\">statement<\/a>. The project has been placed on a list of priority infrastructure developments for the continent, and will be managed from offices in Egypt and Uganda. The second phase of studies involves looking into the technical, economic and environmental aspects and running costs, with the preliminary studies having been funded by a USD 650k grant from the African Development Bank<\/p><p><strong>Qatari Diar has begun work on the EGP 1 <\/strong><strong>bn first<\/strong><strong> phase of its <\/strong><strong><a href=\"http:\/\/www.qataridiar.com\/English\/OurProjects\/Pages\/City-Gate.aspx\">CityGate<\/a><\/strong> <strong>developmen<\/strong>t, agreeing with Consolidated Contractors Company to implement the project in a ceremony yesterday, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=25102021&amp;id=50f43763-41d5-4a1e-ad2b-81ab0c3c9dd5\">Al Shorouk<\/a> reports. The New Urban Communities Authority (NUCA) approved the company\u2019s license to continue work on the project <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f383cef8-f700-4ac4-9895-8136b783030b\">earlier this year<\/a> following <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7861345f-c750-41d3-81a9-fbc6bdbaa1aa\">a four-year dispute<\/a>.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nile-basin\/\">Nile Basin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556451\" 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=\"556451\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/msci-em-index-rises-off-of-better-than-expected-earnings\/\">\r\n                            MSCI EM index rises off of better than expected earnings                        <\/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\/26\/msci-em-index-rises-off-of-better-than-expected-earnings\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The market is now waiting on results from index heavyweights Samsung Electronics, China Construction Bank, and Sberbank of Russia to come in later this week, potentially extending the index\u2019s three-week rally. The performance of Chinese companies, which make up 31% of the MSCI EM index and have been hard-hit by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/80439a51-0542-4cdf-b097-45a59741c004\">Chinese regulatory tightening<\/a>, will also be critical. The MSCI Index has lagged since 2018, with EMs contending with a host of challenges, including regulatory crackdowns in China and possible stagflation. But as economies recover and vaccination rates gain speed, bank, energy and materials earnings are expected to pick up too.<\/p><p><strong>Pandemic-era spending may not be paying off for many EMs:<\/strong> Emerging-market economies that copied rich nations by splurging on pandemic stimulus have not seen this translate into a stronger economic recovery, Morgan Stanley\u2019s chief global strategist, Ruchir Sharma, writes in the <a href=\"https:\/\/www.ft.com\/content\/37e8e350-71a7-4c00-a4de-a5a6ba776bfb\">Financial Times<\/a>.<\/p><p><strong>Why? Easy-money policies are more difficult to pull off for EMs<\/strong>. Emerging economies tend to be more exposed to inflationary pressures, currency swings, higher interest rates and fiscal stress, factors that can be exacerbated by overspending. Hence, a year down the line, countries that went big on stimulus \u2014 including Hungary, Brazil and the Philippines \u2014 have seen more muted growth than thriftier counterparts like Taiwan, South Korea and Mexico, he claims.<\/p><p><strong>Now big spenders are stuck trying to balance the books:<\/strong> \u201cNations that spend in haste are often forced to repent at leisure,\u201d Sharma writes.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11178<\/p>\n<\/td>\n<td>\n<p>-0.07% (YTD: +3.07%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,889.84<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +36.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>7,933.87<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +57.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,865.67<\/p>\n<\/td>\n<td>\n<p>-0.5% (YTD: +15%)<\/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>4,566.62<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: +21.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,222.82<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +11.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 85.73<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 5.97<\/p>\n<\/td>\n<td>\n<p>+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>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,807.90<\/p>\n<\/td>\n<td>\n<p>+0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 62,844.40<\/p>\n<\/td>\n<td>\n<p>+3% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 fell less than 0.1% at yesterday\u2019s close<\/strong> on turnover of EGP 1.72 bn (11.6% above the 90-day average). Foreigns investors were net sellers. The index is up 3.1% YTD.<\/p><p><strong>In the green: <\/strong>Cleopatra Hospitals (+5.6%), CIRA (+2.8%) and CIB (+2.1%).<\/p><p><strong>In the red: <\/strong>Aspire Capital (-9.9%), Madinet Nasr Holding (-9.0%) and Gadwa Industrial Development (-7.6%).<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hong-kong\/\">Hong Kong<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/msci-em-index\/\">MSCI EM Index<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556452\" 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=\"556452\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/madbouly-had-a-busy-day-in-france\/\">\r\n                            Madbouly had a busy day in France                        <\/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\/26\/madbouly-had-a-busy-day-in-france\/\" 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\/26\/madbouly-had-a-busy-day-in-france\/')\">\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\/26\/madbouly-had-a-busy-day-in-france\/\">\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=Madbouly had a busy day in France&url=https:\/\/enterpriseam.com\/egypt\/2021\/10\/26\/madbouly-had-a-busy-day-in-france\/\">\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\/26\/madbouly-had-a-busy-day-in-france\/&title=Madbouly had a busy day in France\">\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=Madbouly+had+a+busy+day+in+France+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F10%2F26%2Fmadbouly-had-a-busy-day-in-france%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\/26\/madbouly-had-a-busy-day-in-france\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556452\" class=\"content-area-description single-story post-556452 post type-post status-publish format-standard hentry category-diplomacy tag-diplomacy tag-enterpriseam tag-france tag-investment-watch tag-moustafa-madbouly tag-oecd wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Prime Minister Mostafa Madbouly met with <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257166069787154\">representatives of 90<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257166069787154\">French<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257166069787154\">companies<\/a><\/strong><strong> in Paris yesterday<\/strong> at the Movement of the Enterprises of France (MEDEF) to drum up investment. The PM has been in Paris since Sunday to sign an agreement on cooperation between Egypt and the Organisation for Economic Co-operation and Development (OECD).<\/p>\n<p><strong>Also on the investment front: <\/strong>The PM separately sat down with his French counterpart, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257315389772222?__cft__[0]=AZUy_I7uijLe_b_K2p-Ut28cRFcOShB7aEDP-jHxuOMXezGK76k-MSAfI1cMQaNuhqpyLnaXcmgtxAac3oSdGiz5evHB1ZUVkgAaNWPUvjaY1RXug3dG7m-KFxZA8c_vJK_WsNgvf9aVFYylQNxjaad8&__tn__=%2CO%2CP-R\">Jean Castex<\/a>, to discuss up investment in the fields of automotives and water desalination. Madbouly also met with Orange Middle East CEO <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257221546448273\">Alioune Ndiaye<\/a> and Cr\u00e9dit Agricole Group Chief Executive Officer <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257220389781722\">Philippe Brassac<\/a>, while also meeting with <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257202903116804\">representatives<\/a> of the <a href=\"https:\/\/ufe.edu.eg\/\">French University in Egypt<\/a>, which is due to open its doors soon.<\/p>\n<p><strong>EUR 1.6 mn in financing on the way for Cairo Metro\u2019s sixth line<\/strong>: France is putting together EUR 1.6 mn in financing for technical studies on the planned sixth line of the Cairo Metro, and it expects the financing to be ready by the end of the year, French Economy and Finance Minister <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257414333095661\">Bruno Le Maire<\/a> told Madbouly in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257414333095661\">separate sit-down<\/a>. The USD 5 bn, 30 km line saw its master contract awarded to US giant Bechtel <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c153c096-6916-43f7-b79d-f4ae3916372c\">late last year<\/a>, but it has lined up funding from Canada, the US, Britain, France and Japan.<\/p>\n<p><strong>Also from PM\u2019s visit: The ITC Ministry and France\u2019s Economy and Finance Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/257395896430838?__cft__[0]=AZWnVVuoTt95f57_9ajAxCZ1KUOFi4nQxYe7toeUdFB3KK-mCwyDXuXK6TSnRKjaNV-6nbHxUkFUb8yUt3HWlH9Dih5nwQrgcg0P7JwlnXewBEZ_Lh0n9BgxbT-0fnkyY_8thXVDWXslyh-mAxcvjyIL&__tn__=%2CO%2CP-R\">signed a declaration of intent<\/a><\/strong> to cooperate in using advanced tech and AI to offer government services, as well as explore ways to apply AI to several areas including energy efficiency, managing climate change, water management and irrigation, healthcare, and cultural heritage.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/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\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oecd\/\">OECD<\/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=\"556453\">\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\">9<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/is-your-affinity-for-steaks-and-cheese-really-whats-standing-in-the-way-of-combating-climate-change\/\">\r\n                            Is your affinity for steaks and cheese really what\u2019s standing in the way of combating climate change?<\/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 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/is-your-affinity-for-steaks-and-cheese-really-whats-standing-in-the-way-of-combating-climate-change\/275-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/275.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"275.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/275.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/275.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-556453\" class=\"content-area-description post-556453 goinggreen type-goinggreen status-publish has-post-thumbnail hentry tag-carbon-footprint tag-climate-change tag-enterprise-going-green tag-enterpriseam tag-environment tag-veganism tag-vegetarianism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>The hidden environmental cost of going vegan:<\/strong> As climate change becomes a growing concern, people are scrambling to do their part. Many turn to the closest thing they can control \u2014 their diet \u2014 and go vegan to reduce their carbon footprint. But some vegan products <a href=\"https:\/\/www.bbc.com\/future\/article\/20200211-why-the-vegan-diet-is-not-always-green\">do more harm to the environment than expected<\/a>, which is why it\u2019s important to perform a thorough background check \u2014 specifically the production and transportation process, which could attach a large carbon footprint to the end product. So, how much does a vegan diet actually benefit the planet?<\/p>\n<p><strong>Even though vegan products do emit some greenhouse gases (GHG), beef products contribute the overwhelming majority of food-related GHGs<\/strong> (remember all the hubbub about <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3fdf5d1b-4b55-4193-9f17-f527fbbd1791\">cows\u2019 burps and farts?<\/a>), and cause more environmental damage than any other food product. An Oxford University study shows that cutting out meat and dairy products can reduce an individual\u2019s carbon footprint by up to 73%.<\/p>\n<p><strong>The biggest culprits you should avoid? Unfortunately, they\u2019re all delicious: <\/strong>Avocados, almonds, and rice are among the most <a href=\"https:\/\/www.globalcitizen.org\/en\/content\/8-foods-you-probably-didnt-know-were-bad-for-the-e\/\">water intensive<\/a> plant-based foods produced today. Even high volume crops like bananas and <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0048969719319758#!\">asparagus<\/a> have an outsized carbon footprint. Growing a single avocado can consume 140-272 liters of water, while one almond <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S1470160X17308592\">needs about 12 liters<\/a> to grow. Producing rice, which <a href=\"http:\/\/www.irinnews.org\/report\/91012\/asia-key-facts-about-rice\">more than half<\/a>of the world\u2019s population depends on, consumes 2.5k liters of water per 1kg of rice, and releases high levels of methane.<\/p>\n<p><strong>Rice production is especially problematic here in Egypt:<\/strong> Domestic production of rice, which primarily relies on <a href=\"https:\/\/www.nationalgeographic.com\/culture\/article\/batter-by-climate-change--egypt-s-farmers-head-back-to-school\">wasteful flood irrigation<\/a> techniques, measures somewhere <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/09\/egypt-to-cultivate-4-mn-tonnes-of-white-rice-this-season\/\">near a figure of 4 mn tonnes annually<\/a>. Most of our crop is geared towards domestic consumption, which, from an environmental standpoint is preferable to sending it out for export, but the problem of water consumption remains a crucial sticking point. The <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/14\/egypt-plans-to-cultivate-200k-feddans-of-less-water-intensive-rice-this-season\/\">government has eyed<\/a> developing a less water-intensive rice crop designed to consume some 4k cbm of water per acre compared to the 6k cbm typically needed, but it's unclear how effective that initiative has been.<\/p>\n<p><strong>For most households in Egypt, however, meat consumption is not exactly a major concern: <\/strong>Cereals like rice and wheat constitute the main source of energy in most Egyptian diets, according to <a href=\"https:\/\/www.fao.org\/ag\/agn\/nutrition\/egy_en.stm\">the FAO<\/a>, and regular consumption of animal protein is more heavily concentrated among urban households than in rural areas. In fact, the government is trying <a href=\"https:\/\/www.fao.org\/documents\/card\/en\/c\/I7312EN\">to boost<\/a> animal protein consumption by 4g a day by 2030.<\/p>\n<p><strong>Then there\u2019s the tricky question of meat substitutes: <\/strong>Calculating emissions becomes even more difficult when taking into account meat alternatives from companies like Beyond Meat and Impossible Foods, who make 100% plant-based sausages and burger patties from a large selection of produce. <a href=\"https:\/\/www.nytimes.com\/2021\/10\/15\/business\/beyond-meat-impossible-emissions.html\">Critics argue<\/a> that these fast growing companies are not disclosing enough information about their supply chains \u2014 making it challenging to track how all their ingredients have been grown and sourced, or tallying their true environmental cost. But studies commissioned by both companies <a href=\"https:\/\/css.umich.edu\/publication\/beyond-meats-beyond-burger-life-cycle-assessment-detailed-comparison-between-plant-based\">indicate<\/a> that their food products use significantly less water and land than their animal meat counterparts and emit <a href=\"https:\/\/assets.ctfassets.net\/hhv516v5f7sj\/4exF7Ex74UoYku640WSF3t\/cc213b148ee80fa2d8062e430012ec56\/Impossible_foods_comparative_LCA.pdf\">fewer GHG<\/a> in the process as well.<\/p>\n<p><strong>The point still remains, less meat = good:<\/strong> All this talk about the nitty-gritty details of veganism\u2019s environmental impact shouldn\u2019t obscure the reality that animal products contribute the most GHG out of all the food groups. Environmental Working Group figures showed that nine out of the top 10 CO2 emitters were animal products, with lamb and beef claiming the top two spots. Producing one kilo of lamb emits an estimated 39.2 kilos of CO2 \u2014 equivalent to driving some 146 km. Cutting out meat and dairy products from your diet is still <a href=\"https:\/\/www.theguardian.com\/environment\/2018\/may\/31\/avoiding-meat-and-dairy-is-single-biggest-way-to-reduce-your-impact-on-earth\">the single largest contribution<\/a> you can make to reduce your environmental impact on an individual level.<\/p>\n<p><strong>Less meat consumption remains key to cutting emissions:<\/strong> If everyone in the world went vegan, food-related emissions would drop by 70% by 2050 according to a <a href=\"http:\/\/www.ox.ac.uk\/news\/2016-03-22-veggie-based-diets-could-save-8-million-lives-2050-and-cut-global-warming\">recent report<\/a>. Even halving global meat consumption could reduce emissions by 20-30% per person, <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0306919217303627?casa_token=ONiqgubFjzAAAAAA:-38kXhvVd1dPDzIIWImfGPIaOFGvp4_AtUXcH2mDFBis7kcgF9WsE0518AyLKRtiU7aHLMUYWQU\">some studies<\/a> suggest. A separate <a href=\"https:\/\/www.sciencemag.org\/\">2020 study<\/a> suggests that food-based carbon emissions can be reduced without everyone going vegan. Bringing daily caloric intake to some 2.1k calories per day, increasing farm yields, reducing food waste and transitioning to a mostly plant-based diet \u2014 along with changes to our fossil fuel emissions \u2014 might be able to avoid 0.3 - 0.7\u00b0C of warming.<\/p>\n<p><strong>A few general rules to help minimize your emission footprint:<\/strong> Your first order of business should be primarily purchasing locally-grown, in-season produce. This would cut down significantly on emissions from shipping and preserving produce over long distances, as well as the water- and energy-intensive process of growing out-of-season foods in climate-controlled greenhouses.<\/p>\n<p><strong>Also try to avoid products with artificial fertilizers<\/strong>, which account for c.3% of global GHG emissions and release nitrogen into the soil. Nitrogen is then turned into damaging nitrous oxide that is released into the atmosphere that has \u201ca global warming potential 300 times larger\u201d than CO2, according to the <a href=\"https:\/\/www.iaea.org\/topics\/greenhouse-gas-reduction\">International Atomic Energy Agency<\/a>.<\/p>\n<p><strong>If you have to go with something imported, consider where exactly it is imported from: <\/strong>There\u2019s a considerable difference between buying chocolate made from cocoa beans harvested on deforested land in South America and locally sourced beef from your neighborhood butcher for example. But broadly speaking, even plant-based proteins grown on razed down forests are <a href=\"https:\/\/www.bbc.com\/news\/science-environment-46459714\">more sustainable<\/a> than \u201clow-impact,\u201d locally sourced animal proteins.<\/p>\n<p><strong>But It requires more than just individual action:<\/strong> Making sure our food system is sustainable needs to be part of a larger public policy initiative to achieve any substantive ecological impact. One such initiative is the government\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/215fea82-4845-4895-beac-2044cf325a66\">reclamation of 4 mn acres<\/a>of agricultural land across the country, as part of a wider medium-term USD 454 mn <a href=\"https:\/\/ent.news\/2021\/6\/WFP-0000070532.pdf\">joint project (pdf)<\/a> with the World Food Program to strengthen Egypt\u2019s capacities to implement its SDGs. The Agriculture Ministry, alongside the UN-backed program, will introduce improved agricultural processes like heat tolerant crop varieties, improved irrigation methods, as well as affordable harvesting and post-harvest technologies that should theoretically reduce GHG emissions and water consumption.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top climate stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Glasgow will host the high-profile <\/strong><strong><a href=\"https:\/\/ukcop26.org\/\">COP 26 global climate summit<\/a><\/strong><strong> next week. <\/strong>The summit brings together the countries that signed the United Nations Framework Convention on Climate Change. Earlier this month Egypt was chosen to host next year\u2019s COP27 summit. The summit\u2019s coming session, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5bdb7de2-4df2-41ec-ac13-b0df798021dd\">COP 27 will be hosted by Egypt<\/a>.<\/li>\n<li><strong>Climate conscious investors could be becoming slightly less climate conscious:<\/strong> The 54% rally in S&P 500 energy stocks is<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/583f7cb3-064a-40af-878d-e3119ed61371\">testing<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/583f7cb3-064a-40af-878d-e3119ed61371\">climate-conscious fund managers\u2019 commitment<\/a> to green investments.<\/li>\n<li><strong>We could be seeing a lot more EU money earmarked for climate projects over the<\/strong> <strong>next six years:<\/strong> Egypt could <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef5bb7ad-6f4d-41d0-9f8c-1bca27980648\">receive up to EUR 1 bn<\/a> from the EU by 2027 for climate and sustainability projects, EU Commissioner for Neighborhood Oliver Varhelyi said during Cairo Water Week.<\/li>\n<li><strong>Desalination nation: <\/strong>Egypt\u2019s sovereign wealth fund <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/230ab7eb-25c7-4298-b601-6c6e298eac0a\">has issued tenders for private<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/230ab7eb-25c7-4298-b601-6c6e298eac0a\"><\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/230ab7eb-25c7-4298-b601-6c6e298eac0a\">companies<\/a> to build 17 solar-powered desalination plants, part of a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a70db4f1-664a-4a7b-ad25-022b8b2d3e1d\">USD 2.5 bn plan<\/a> to quadruple our desalination capacity in the next five years.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carbon-footprint\/\">carbon footprint<\/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\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/veganism\/\">Veganism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vegetarianism\/\">vegetarianism<\/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=\"556455\" 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\/26\/your-essential-business-calendar-for-26-october-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556455\" class=\"content-area-description single-story post-556455 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>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>23-28 October (Saturday-Thursday): A high-level delegation of the UN\u2019s International Fund for Agricultural Development (IFAD) <a href=\"https:\/\/www.ifad.org\/en\/web\/latest\/-\/high-level-un-delegation-to-visit-egypt?utm_source=miragenews&utm_medium=miragenews&utm_campaign=news\">will visit Egypt<\/a> to meet with government officials and travel to IFAD-supported projects in the country.<\/p>\n<p>24-28 October (Sunday-Thursday): <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/p>\n<p>26 October (Tuesday): <a href=\"https:\/\/ent.news\/2021\/10\/EIB-Financing-Water-Projects-Oct21.pdf\">EIB seminar (pdf)<\/a> on water project financing in Egypt. Nile Ritz Carlton, Cairo.<\/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>27 October (Wednesday): <a href=\"https:\/\/tresconglobal.com\/conferences\/cloud\/egypt\/\">World Cloud Show<\/a>.<\/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>6 November (Saturday): Deadline to apply to Nahdet El Mahrousa\u2019s Rabeha, a women entrepreneurship <a href=\"https:\/\/l.facebook.com\/l.php?u=https%3A%2F%2Fbit.ly%2F3DWmlG5%3Ffbclid%3DIwAR0CgpdQDltgFGzhoGJmuKRr5AdNL_bxkQIE7ejiUngECbkxK-Qg3WQ1LAs&h=AT03bTcEWHO7_ifSyWY3bzUc-4W2xyBotj8E6jDvCOL2g53DHT_1O-x-6WJEHQmxMXlxAvB-DaYAdjcjN1G0nWZBboNwVUPZ69Ua7N1_VRuZTOXC_gPJRuv0i4eqb8Sxzl7K&__tn__=-UK-R&c%5B0%5D=AT1HqXk_X4HRQoevTN35Wj-0uhLHrBeazxBScbrfhO3vQVPEgiiCAGC1QpNkyytUpdrdEmhOyhxjQU2yUeKNtV12aIbQoco90gnb9pzz2WJj9o-nFnvIGq21LI5OeTpfeJZ2jrjus2lOZqRLTUHrcLXrIhu6TpLQm0zXJzSAUdUSEzwfnrSJWdcx_K8duqOHSxQSNNw\">accelerator program<\/a>.<\/p>\n<p>7-10 November (Sunday-Wednesday): Cairo ICT 2021, Egypt International Exhibition Center, New Cairo.<\/p>\n<p>8 November (Monday): <a href=\"https:\/\/www.egyptcsrforum.com\/\">Egypt CSR Forum<\/a>, International Citystars, Cairo.<\/p>\n<p>15-21 November (Monday-Sunday): <a href=\"https:\/\/www.intrafricantradefair.com\/en\">Intra-African Trade Fair 2021<\/a>, Durban, KwaZulu-Natal, South Africa.<\/p>\n<p>16-17 November (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/p>\n<p>18-19 November (Thursday-Friday) British royal family members Prince Charles and the Duchess of Cornwall visit Cairo.<sup><\/sup><\/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>7 January 2022 (Friday): Coptic Christmas.<\/p>\n<p>27 January 2022 (Tuesday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>19 February 2022 (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>2 April 2022 (Saturday): First day of Ramadan (TBC).<\/p>\n<p>22-24 April 2022 (Friday-Sunday):<a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>24 April 2022 (Sunday): Coptic Easter Sunday (holiday for Coptic Christians).<\/p>\n<p>25 April 2022 (Monday): Sham El Nessim.<\/p>\n<p>25 April 2022 (Monday): Sinai Liberation Day.<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>2 May 2022 (Monday): Eid El Fitr (TBC).<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June 2022 (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>8 July (Friday): Arafat Day.<\/p>\n<p>9-13 July (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>30 July (Saturday): Islamic New Year.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday.<\/p>\n<p>18-20 October 2022 (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. 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