{"id":556993,"date":"2021-09-02T04:02:46","date_gmt":"2021-09-02T04:02:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=556993"},"modified":"2025-12-16T01:31:10","modified_gmt":"2025-12-16T01:31:10","slug":"enterprise-its-a-super-packed-issue-this-morning-so-sit-back-and-enjoy","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-its-a-super-packed-issue-this-morning-so-sit-back-and-enjoy\/","title":{"rendered":"Enterprise It\u2019s a super-packed issue this morning, so sit back and enjoy"},"content":{"rendered":"<section id=\"556995\" 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=\"556995\">\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\/09\/02\/this-morning-egyptian-natgas-for-lebanon-plus-justice-ministrys-registry-app-rolls-out-to-three-more-governorates\/\">\r\n                            THIS MORNING: Egyptian natgas for \u2026 Lebanon? Plus: Justice Ministry\u2019s registry app rolls out to three more governorates.                        <\/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\/09\/02\/this-morning-egyptian-natgas-for-lebanon-plus-justice-ministrys-registry-app-rolls-out-to-three-more-governorates\/\" 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\/09\/02\/this-morning-egyptian-natgas-for-lebanon-plus-justice-ministrys-registry-app-rolls-out-to-three-more-governorates\/')\">\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\/09\/02\/this-morning-egyptian-natgas-for-lebanon-plus-justice-ministrys-registry-app-rolls-out-to-three-more-governorates\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS MORNING: Egyptian natgas for \u2026 Lebanon? Plus: Justice Ministry\u2019s registry app rolls out to three more governorates.&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/this-morning-egyptian-natgas-for-lebanon-plus-justice-ministrys-registry-app-rolls-out-to-three-more-governorates\/\">\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\/09\/02\/this-morning-egyptian-natgas-for-lebanon-plus-justice-ministrys-registry-app-rolls-out-to-three-more-governorates\/&title=THIS MORNING: Egyptian natgas for \u2026 Lebanon? Plus: Justice Ministry\u2019s registry app rolls out to three more governorates.\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+MORNING%3A+Egyptian+natgas+for+%E2%80%A6+Lebanon%3F+Plus%3A+Justice+Ministry%E2%80%99s+registry+app+rolls+out+to+three+more+governorates.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fthis-morning-egyptian-natgas-for-lebanon-plus-justice-ministrys-registry-app-rolls-out-to-three-more-governorates%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\/09\/02\/this-morning-egyptian-natgas-for-lebanon-plus-justice-ministrys-registry-app-rolls-out-to-three-more-governorates\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556995\" class=\"content-area-description single-story post-556995 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-afghanistan tag-enterpriseam tag-instagram tag-ipo-watch tag-mahmoud-abbas tag-oil-and-gas tag-opec tag-palestine tag-social-media tag-spotify tag-what-were-tracking-today tag-youtube wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, nice people, and welcome to the most wonderful morning of the week. <\/strong>We have a really packed issue for you on this final morning of the week \u2014 and we\u2019re delighted that My Morning Routine, our popular Thursday column, is back from its traditional summer hiatus.<\/p><p><strong>Let\u2019s jump right in<\/strong>, shall we?<\/p><p><strong>THE BIG STORY ABROAD- <\/strong>No single story dominates the news agenda in the international press this morning. The <a href=\"https:\/\/www.ft.com\/content\/ae722400-561c-431a-85eb-e09e1f6b0bb2\">Financial Times<\/a> is leading with the notion that with 50 mn paying subscribers, <strong>Youtube\u2019s streaming music service is now a \u201cgenuine rival\u201d to Spotify<\/strong>. The <a href=\"https:\/\/www.wsj.com\/articles\/taliban-battle-opposition-militias-wield-new-power-in-kabul-11630495864\">Wall Street Journal<\/a> is giving ink to the latest from <strong>Afghanistan<\/strong> (\u201cTaliban battle opposition militias, wield new power in Kabul\u201d), as is <a href=\"https:\/\/www.reuters.com\/world\/india\/rockets-fired-kabul-airport-us-troops-race-complete-evacuation-2021-08-30\/\">Reuters<\/a> (\u201cTaliban wrestle with <strong>Afghan economy<\/strong> in chaos, humanitarian crisis.\u201d) <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-01\/opec-ministers-recommend-sticking-with-planned-output-increases?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> is leading with <strong>OPEC+<\/strong>\u2019s decision to go ahead with its planned production hike, while <a href=\"https:\/\/www.cnbc.com\/2021\/09\/01\/who-says-it-is-monitoring-a-new-covid-variant-called-mu.html\">CNBC<\/a> is zeroing in on the WHO\u2019s worries about <strong>a new covid-19 variant named \u201cmu,\u201d<\/strong> which \u201chas mutations that have the potential to evade immunity provided by a previous Covid-19 infection or vaccination.\u201d<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>Palestinian President Mahmoud Abbas is in town for three-way talks with Egypt and <\/strong><strong>Jordan <\/strong>on how to revive peace talks between Palestine and Israel. Abbas arrived yesterday, Palestinian news agency <a href=\"http:\/\/wafa.ps\/Pages\/Details\/30958\">Wafa<\/a> reports. A senior Palestinian official told Bahrain state news agency <a href=\"https:\/\/bit.ly\/3jA77iH\">BNA<\/a> that Abbas would meet with President Abdel Fattah El Sisi and Jordan\u2019s King Abdullah.<\/p><p><strong>It\u2019s day two of <\/strong><strong><a href=\"https:\/\/digisignafrica.com\/\">Digi Sign Africa<\/a><\/strong><strong>:<\/strong> The three-day advertising and digital printing exhibition continues at the Cairo International Convention Centre.<\/p><p><strong>IN CASE YOU MISSED IT-<\/strong><\/p><ul>\n<li><strong>CI Capital<\/strong> <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f4eb142-be72-4a07-9a8b-44e54f8fcab6\">led the EGX league table<\/a><\/strong><strong> in August<\/strong>, according to data from the Egyptian Exchange;<\/li>\n<li><strong>Watching us while we work:<\/strong> Demand for employee monitoring software saw a significant uptick at the start of the pandemic, a trend that<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/96c8bb06-7838-4b93-9c89-23232d782e1d\">apparently not all workers seem to mind too much<\/a>;<\/li>\n<li><strong>Ever Given v AI:<\/strong> Japan is to be the test site for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5dcd3d0a-86a7-49e3-9c6f-72a96632cef5\">a new breed of autonomous container ships<\/a> that may or may not be better at humans at navigating the world\u2019s oceans.<\/li>\n<\/ul><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>SMART POLICY- The Justice Ministry\u2019s mobile app for registry \/ notary services is now <\/strong><strong>active in <\/strong><strong>(almost) every governorate<\/strong>, according to <a href=\"https:\/\/www.facebook.com\/photo.php?fbid=214751617361933&amp;set=a.144073987763030&amp;type=3\">a statement<\/a>. The app, which points users to the nearest registry office and allows them to use their national ID numbers to book appointments, is now available in North and South Sinai as well as Suez, expanding its footprint to 26 of Egypt\u2019s 27 governorates. Marsa Matrouh will be the last governorate to be served by the app sometime this month. Download the app for <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.informatique.tawsekmisr&amp;hl=ar&amp;gl=US\">Android<\/a> or <a href=\"https:\/\/apps.apple.com\/eg\/app\/%D8%A3%D8%B1%D8%BA%D8%A8-%D9%81%D9%8A-%D8%B9%D9%85%D9%84-%D8%AA%D9%88%D9%83%D9%8A%D9%84\/id1569193139\">iOS<\/a> if you want to give it a whirl.<\/p><p><strong>Egyptian natgas could make electricity for Lebanon: <\/strong>Egypt is apparently in talks with the US and Jordan on a plan that could ease Lebanon\u2019s electricity crisis, <a href=\"https:\/\/www.reuters.com\/world\/lebanon-free-fall-must-not-become-horror-story-us-senator-warns-2021-09-01\/\">Reuters<\/a> reports. The agreement would see Egyptian natural gas shipped to Jordan, where it could be used to generate electricity that would be fed into Lebanon\u2019s grid via Syria. Lebanon has been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/669d0fe9-df59-4e06-826f-713052a1e8dd\">suffering crippling electricity shortages<\/a> as the country grapples with an economic crisis and lifted fuel subsidies last month.<\/p><p><strong>MARKET WATCH-<\/strong><\/p><p><strong>Sustainable footwear brand Allbirds is working <\/strong><strong><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1653909\/000162828021017824\/allbirdss-1.htm#ib1df9298e23644a2a22972a8f1925ea1_2365\">towards an IPO<\/a><\/strong><strong> \u2026 sustainably? <\/strong>The company is aiming to become the first company to SPO (Sustainable Public Equity Offering), which would require it to meet environmental, social and governance criteria, but other than that the company\u2019s public listing and securities structure will remain traditional. And with the current trend favoring sustainability and ethicality, it is safe to assume that others will shortly follow.<\/p><p><strong>Instagram is forcing users to share their birthdays \u2014 but this isn\u2019t just another <\/strong><strong>breach of privacy by social media platforms. <\/strong>The company shared a <a href=\"https:\/\/about.instagram.com\/blog\/announcements\/asking-people-for-their-birthdays\">statement<\/a> explaining that it is hoping to protect minors with this new rule, which will enable it to apply its recently imposed <a href=\"https:\/\/about.instagram.com\/blog\/announcements\/giving-young-people-a-safer-more-private-experience\">rule<\/a>that protects those under 18 from receiving messages from adults. The app is also working on developing new systems that will help it identify those sharing fake birthdays.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Cypriot prez visiting <\/strong><strong>this<\/strong><strong> week:<\/strong> President Nicos Anastasiades arrives in Cairo on Saturday, 4 September for <a href=\"https:\/\/cyprus-mail.com\/2021\/08\/26\/first-cyprus-egypt-intergovernmental-summit-on-september-4\/\">a joint Egypt-Cyprus summit<\/a>.<\/p><p><strong>Here are the key news triggers for the first two weeks of September:<\/strong><\/p><ul>\n<li><strong>PMI:<\/strong> August\u2019s PMI figures for Egypt, KSA and the UAE will land on Sunday, 5 September.<\/li>\n<li><strong>Foreign reserves:<\/strong> The central bank will release foreign reserves figures for August sometime next week.<\/li>\n<li><strong>Inflation:<\/strong> Inflation data for August will drop next week.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt will meet to review interest rates on Thursday, 16 September.<\/li>\n<\/ul><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/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\/afghanistan\/\">Afghanistan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/instagram\/\">Instagram<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mahmoud-abbas\/\">Mahmoud Abbas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/opec\/\">OPEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spotify\/\">Spotify<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/youtube\/\">youtube<\/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=\"556996\" 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=\"556996\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/556996\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556996\" class=\"content-area-description single-story post-556996 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\/8\/SOMA-ENTERPRISE-COVEFINAL-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>Dive into nature, where raw beauty reigns supreme. Wake up to breathtaking sunrises and enjoy a serene beach experience amongst family and friends at the Soma Coves beach. This is where you can fully immerse yourself into a picturesque vacation, any time of the year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"556997\" 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=\"556997\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/we-smashed-growth-expectations-in-4q2020-2021\/\">\r\n                            We smashed growth expectations in 4Q2020-2021                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/we-smashed-growth-expectations-in-4q2020-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Growth in the sectors most affected by covid-19 \u2014 including hospitality, restaurants, construction, natural gas, and electricity \u2014 drove the rebound, the minister said.<\/p>\n<p><strong>Preliminary indicators put our growth for the 2020-2021 (the state\u2019s last fiscal year)<\/strong> <strong>at <\/strong><strong>3.3%<\/strong>, a drop from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/422458d6-8b81-411d-856a-d45787d8866e\">the 3.6% recorded<\/a> in FY2019-2020 and the 5.6% growth recorded in FY2018-2019, thanks to the covid-19 induced economic slowdown.<\/p>\n<p><strong>But q-o-q growth is looking strong: <\/strong>Egypt has seen steady gains in its quarterly growth figures, from 0.7% in 1Q2020-2021, to 2% and 2.9% in the second and third quarters respectively, the minister said.<\/p>\n<p><strong>Growth during the first half of the fiscal year clocked in at 1.35%<\/strong>, a significant y-o-y drop from the pre-covid 5.6% growth rate recorded in 1H2019-2020, the minister <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99c37ce8-a356-4bc1-a235-68278c8f7ed9\">previously said<\/a>. Logistics, agriculture, education and healthcare led the rebound throughout the fiscal year, and are expected to continue to do so further into FY2021-2022.<\/p>\n<p><strong>The outlook for the state\u2019s current fiscal year looks pretty good: <\/strong>The Finance Ministry expects the Egyptian economy will return to near pre-pandemic growth levels in FY2021-2022, expanding at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f10ef3d-eec0-4f11-a112-c1dee1ee9780\">a 5.4% clip<\/a>. Revised forecasts from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/83398725-78cf-440c-ae45-be20ca82835e\">the IMF<\/a> put growth for the current 2021-2022 fiscal year at 5.7%, just slightly lower than the 5.8% pre-covid target the government was hoping to achieve <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b76f4e40-96de-4115-9c51-34c2a8378c0d\">in FY2019-2020<\/a>. The<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3fd136c3-bbdd-4838-8e29-2717a1ff5eea\">African Development Bank<\/a> sang a similarly upbeat tune, expecting GDP growth of 4.9% in 2022.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hala-el-said\/\">Hala El Said<\/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=\"556999\" 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=\"556999\">\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\">Transport<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/\">\r\n                            From Sokhna to Alexandria in a jiffy                        <\/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\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/\" 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\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/')\">\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\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/\">\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=From Sokhna to Alexandria in a jiffy&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/\">\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\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/&title=From Sokhna to Alexandria in a jiffy\">\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=From+Sokhna+to+Alexandria+in+a+jiffy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Ffrom-sokhna-to-alexandria-in-a-jiffy%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\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/25.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557000\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/25-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/25.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"25.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/25.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/25.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-556999\" class=\"content-area-description single-story post-556999 post type-post status-publish format-standard has-post-thumbnail hentry category-transport tag-arab-contractors tag-enterpriseam tag-orascom-construction tag-siemens tag-transport tag-transport-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Moving between the Red Sea and the Med will soon be easier and faster<\/strong> after the government signed yesterday a USD 4.5 bn contract to build Egypt\u2019s first high-speed rail line. A consortium including Siemens Mobility, Orascom Construction and Arab Contractors agreed with the state-owned National Authority for Tunnels (NAT) to design, install and maintain the line, which will run 660 km between Ain Sokhna, Alexandria and Marsa Matrouh, <a href=\"https:\/\/press.siemens.com\/global\/en\/pressrelease\/siemens-mobility-signs-historic-contract-turnkey-rail-system-egypt-worth-usd-3-bn\">Siemens<\/a>, <a href=\"https:\/\/ent.news\/2021\/9\/OC-Consortium-Signs-High-Speed-Contract-1.pdf\">Orascom (pdf)<\/a> and <a href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/147301240900274?__cft__[0]=AZViLytnZXki3Muhx1L2LAcckZvFsc7ii8HZxBw58iBHMZZ3A7JPpIkmOsdqWZ6Zh_KDgmJU6Pc8ByXCQV8Yfpoh7CgxVQvjNVZ13oPGrU3kDgOb8z6J3MlDpMRUxH5qTmYcXzcKbiPPcPfoG9zsNgKa1K68bsgGlED3uOYIE6N4KA&__tn__=%2CO%2CP-R\">the Transport Ministry<\/a> said following the signing yesterday.<\/p>\n<p><strong>This is just the first leg of a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2356273-f17c-4a5b-a987-663aab9a2e29\">USD 23 bn<\/a><\/strong><strong> project that will stretch for some 1.8k km across <\/strong><strong>Egypt, <\/strong>linking Cairo, Aswan, the North Coast and the Red Sea. The Sokhna-Matrouh connection will feature a passenger line able to carry more than 30 mn people a year as well as a freight line that the German conglomerate referred to as a \u201cSuez Canal on tracks.\u201d The passenger trains will travel at up to <a href=\"https:\/\/m.facebook.com\/EgyptianCabinet\/posts\/1832706670241023\">250 km\/hour<\/a>, reducing travel time by up to 50%. This is at least double the speed of the current network, which offers speeds of between <a href=\"https:\/\/sis.gov.eg\/Story\/143816?lang=ar\">90 and 120km\/hour<\/a>.<\/p>\n<p><strong>Siemens\u2019 share of the contract is worth around USD 3 bn<\/strong>, the company said. Under the contract, it <a href=\"https:\/\/press.siemens.com\/global\/en\/pressrelease\/siemens-mobility-signs-landmark-mou-install-egypts-first-ever-high-speed-rail-system\">will provide<\/a> high-speed and regional trains, locomotives, rail infrastructure, system integration among other services.<\/p>\n<p><strong>Orascom\u2019s role:<\/strong> The Egyptian construction giant will be responsible for laying the track and installing the signalling system, an Orascom source told us.<\/p>\n<p><strong>Work is expected to commence next year<\/strong> when financial close takes place, the source said. The project is being undertaken on an EPC-plus-finance basis, meaning the contractors will arrange the financing.<\/p>\n<p><strong>The first line should be complete within two years after the contracts have been signed<\/strong>, the government <a href=\"https:\/\/bit.ly\/3DMxnP4\">said in January<\/a>, setting up a completion date sometime in 2023.<\/p>\n<p><strong>What\u2019s next<\/strong><strong>:<\/strong> The next two lines will connect Sixth of October to Aswan, and Luxor to Hurghada via Safaga. The consortium and the NAT have agreed to start negotiating contracts for the next lines in the coming months.<\/p>\n<p><strong>The new line comes during what has been a bad year for Egypt\u2019s state-run rail network<\/strong>, which has seen a number of major incidents that prompted questions about the state of the country\u2019s infrastructure. In March, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bcf3978-5ef1-496c-aa08-47cf1436e86e\">a collision in Sohag<\/a> took the lives of 19 people and injured almost 200, while crashes in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ab9ca9b1-c618-437a-9adc-f28c40323304\">Qalyubia<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b17747d-e332-42db-bb8f-9ccd91887aaa\">Sharqia<\/a> in April hospitalized more than 100 and killed 15.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/siemens\/\">Siemens<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-ministry\/\">Transport Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557001\" 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=\"557001\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/speed-medical-secures-nearly-usd-100-mn-in-financing-from-luxembourg-based-em-investor\/\">\r\n                            Speed Medical secures nearly USD 100 mn in financing from Luxembourg-based EM investor                        <\/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\/09\/02\/speed-medical-secures-nearly-usd-100-mn-in-financing-from-luxembourg-based-em-investor\/\" 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\/09\/02\/speed-medical-secures-nearly-usd-100-mn-in-financing-from-luxembourg-based-em-investor\/')\">\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\/09\/02\/speed-medical-secures-nearly-usd-100-mn-in-financing-from-luxembourg-based-em-investor\/\">\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=Speed Medical secures nearly USD 100 mn in financing from Luxembourg-based EM investor&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/speed-medical-secures-nearly-usd-100-mn-in-financing-from-luxembourg-based-em-investor\/\">\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\/09\/02\/speed-medical-secures-nearly-usd-100-mn-in-financing-from-luxembourg-based-em-investor\/&title=Speed Medical secures nearly USD 100 mn in financing from Luxembourg-based EM investor\">\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=Speed+Medical+secures+nearly+USD+100+mn+in+financing+from+Luxembourg-based+EM+investor+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fspeed-medical-secures-nearly-usd-100-mn-in-financing-from-luxembourg-based-em-investor%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\/09\/02\/speed-medical-secures-nearly-usd-100-mn-in-financing-from-luxembourg-based-em-investor\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/27.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557002\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/speed-medical-secures-nearly-usd-100-mn-in-financing-from-luxembourg-based-em-investor\/27-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/27.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"27.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/27.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/27.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557001\" class=\"content-area-description single-story post-557001 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-africa tag-enterpriseam tag-healthcare tag-investment-watch tag-odiggo tag-speed-medical tag-trella tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Speed Medical has landed some EGP 1.57 bn in financing<\/strong> <strong>from <\/strong><strong>EM-focused <\/strong><strong>alternative investment outfit<\/strong> <strong><a href=\"https:\/\/www.gemny.com\/\">Global Emerging Markets<\/a><\/strong><strong> (GEM)<\/strong> in an agreement inked between the two firms yesterday, according to a joint <a href=\"https:\/\/ent.news\/2021\/9\/Speed-Medical-Investment-GEM-release.pdf\">press release<\/a>. Neither party was immediately available to answer questions.<\/p>\n<p><strong>The funds will be extended under a \u201cshare subscription facility\u201d<\/strong> on a 36-month term. Our take is that this is effectively a convertible debt-for-equity arrangement: Speed can draw down funds on an as-needed basis, with GEM getting shares in Speed for every EGP Speed draws. This type of financing is \u201cpotentially lower cost and less dilutive \u2026 as the company controls the timing and amount of each drawdown,\u201d Speed Chairman Mahmoud Lasheen said in the statement.<\/p>\n<p><strong>How much of Speed could GEM get if Speed calls the full facility? <\/strong>It\u2019s really not clear \u2014 the press release does not specify a pricing mechanism for the equity, so it\u2019s not clear whether the price at which the drawn equity would convert into newly issued shares is at yesterday\u2019s price, a future price, a trailing average\u2026<\/p>\n<p><strong>Speed said it would use the financing for its \u201caggressive expansion plans<\/strong>,\u201d including for acquisitions and new ventures, as well as to consolidate its existing bank debt, with a <a href=\"https:\/\/ent.news\/2021\/9\/Speed_GEM_financing2.pdf\">separate disclosure (pdf)<\/a> saying the funding will help Speed \u201cpay off the banks\u2019 loans in full.\u201d <strong>Lasheen added that the facility should allow Speed to start issuing dividends <\/strong>\u201ccommencing in the coming year.\u201d<\/p>\n<p><strong>But not for the now dead-in-the-water Prime Speed acquisition:<\/strong> In an unusually frank regulatory filing in late August, Speed Medical <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dd42a6b4-c0fc-4b31-b54a-d58ce34e90ac\">announced<\/a> it was backing away from its potential 100% acquisition of Prime Speed.<\/p>\n<p><strong>Speed Medical will still need to secure the approval<\/strong> of the company\u2019s board of directors and general assembly before the GEM transaction is finalized.<\/p>\n<p><strong>GEM is a Luxembourg-based private investment group worth USD 3.4 bn<\/strong> that specializes in emerging-markets and has made transactions in over 70 countries.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/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\/odiggo\/\">Odiggo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-medical\/\">Speed Medical<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trella\/\">Trella<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557003\" 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=\"557003\">\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\">E-commerce<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/amazon-eg-is-officially-a-thing-now\/\">\r\n                            Amazon.eg is officially a thing now                        <\/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\/09\/02\/amazon-eg-is-officially-a-thing-now\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n         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      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\/09\/02\/amazon-eg-is-officially-a-thing-now\/&title=Amazon.eg is officially a thing now\">\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=Amazon.eg+is+officially+a+thing+now+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Famazon-eg-is-officially-a-thing-now%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\/09\/02\/amazon-eg-is-officially-a-thing-now\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/29.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557004\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/amazon-eg-is-officially-a-thing-now\/29-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/29.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"29.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/29.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/29.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557003\" class=\"content-area-description single-story post-557003 post type-post status-publish format-standard has-post-thumbnail hentry category-e-commerce tag-amazon tag-e-commerce tag-enterpriseam tag-ma-watch tag-souq 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>Amazon.eg today replaced Souq.com<\/strong> as Amazon\u2019s selling platform in Egypt, according to a <a href=\"https:\/\/ent.news\/2021\/9\/Amazon-Launches-Amazon.eg-ENG-1.pdf\">statement (pdf)<\/a> from the e-commerce giant.<\/p>\n<p><strong>So long, Souq:<\/strong> The rebrand means that Amazon has now retired the Souq.com brand everywhere. After acquiring the Dubai-based e-commerce platform in 2017, Amazon <a href=\"https:\/\/gulfnews.com\/business\/retail\/amazon-officially-launches-in-uae-replaces-souqcom-1.1556686706424\">replaced<\/a> the site with Amazon.ae in the UAE in 2019, and <a href=\"https:\/\/gulfbusiness.com\/amazon-saudi-arabia-officially-launched-to-replace-souq-com\/\">did the same<\/a> in Saudi Arabia with the launch of Amazon.sa in 2020. Egypt was the last to retire the Souq.com storefront.<\/p>\n<p><strong>\u201cThe Amazon.eg launch reaffirms our commitment to customers across Egypt,\u201d <\/strong>said Amazon Egypt Country Manager Omar Elsahy, adding that \u201cas we launch today, thousands of Egyptian businesses use Amazon.eg to reach their customers, and we look forward to growing this number further in the coming years.\u201d<\/p>\n<p><strong>Amazon has been talking about stepping up its Egyptian operations<\/strong> in recent years, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1902cf1-dcf6-45d3-a65f-02ee50aa1ea2\">last year suggesting<\/a> the country could become a regional manufacturing and export hub for the multinational\u2019s own-brand products. Those plans now seem to be picking up pace, with plans to invest EGP 1 bn in Egypt and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99f31c32-8ffb-4c84-9dd6-8eabe64b9da7\">on Tuesday<\/a> opening its mega-logistics facility in Tenth of Ramadan City, the first of its kind in Africa.<\/p>\n<p><strong>Existing Souq.com customers will see all their data migrated onto the new platform<\/strong>, including their addresses, previous purchase history and payment details, the statement read.<\/p>\n<p><strong>PSA-<\/strong> If you were using the Souq app, you\u2019ll need to download to the Amazon app instead.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amazon\/\">Amazon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/souq\/\">Souq<\/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=\"557005\" 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=\"557005\">\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\">Cabinet watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/parked-your-old-beater-for-more-than-six-months-the-states-gonna-sell-it\/\">\r\n                            Parked your old beater for more than six months? The state\u2019s gonna sell it.                        <\/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\/09\/02\/parked-your-old-beater-for-more-than-six-months-the-states-gonna-sell-it\/\" 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\/09\/02\/parked-your-old-beater-for-more-than-six-months-the-states-gonna-sell-it\/')\">\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\/09\/02\/parked-your-old-beater-for-more-than-six-months-the-states-gonna-sell-it\/\">\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=Parked your old beater for more than six months? The state\u2019s gonna sell it.&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/parked-your-old-beater-for-more-than-six-months-the-states-gonna-sell-it\/\">\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\/09\/02\/parked-your-old-beater-for-more-than-six-months-the-states-gonna-sell-it\/&title=Parked your old beater for more than six months? The state\u2019s gonna sell it.\">\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=Parked+your+old+beater+for+more+than+six+months%3F+The+state%E2%80%99s+gonna+sell+it.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fparked-your-old-beater-for-more-than-six-months-the-states-gonna-sell-it%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\/09\/02\/parked-your-old-beater-for-more-than-six-months-the-states-gonna-sell-it\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/30.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557006\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/parked-your-old-beater-for-more-than-six-months-the-states-gonna-sell-it\/30-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/30.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"30.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/30.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/30.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557005\" class=\"content-area-description single-story post-557005 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-cabinet-watch tag-enterpriseam tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Abandoned<\/strong><strong> or unlicensed vehicles parked on Egyptian streets for <\/strong><strong>more than six months will become property of the state<\/strong> under amendments to the Criminal Procedure Code <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/214635014040260\">greenlit by the Cabinet<\/a> during its weekly meeting yesterday that allow authorities to seize the vehicle without need for a court order. The amendments aim to minimize congestion and regulate parking on streets nationwide, especially those with heavy traffic flow in urban centers, the statement said. Previously the law stipulated that vehicles left unattended could be seized following a period of three years.<\/p>\n<p><strong>Wrecked or dilapidated vehicles will immediately be impounded <\/strong>and shipped to designated disposal sites under amendments to the Traffic Act, approved by the Cabinet yesterday. Registered owners will be informed of the seizure within 48 hours and can elect to donate the car to the state within a two month window, in which case they are exempt from covering relocation fees and fines. The state can then sell the car, and deposit proceeds into the state treasury.<\/p>\n<p><strong>Owners will have up to two months to reclaim their vehicles<\/strong>, after which they will become state property.<\/p>\n<p><strong>The government is already taking solid steps to regulate street parking:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5aae2946-febd-436b-a4d1-0832d3e21999\">A<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5aae2946-febd-436b-a4d1-0832d3e21999\">newly-implemented bill<\/a> regulating street parking has been in effect starting this month across six neighborhoods in Cairo, as well as in Dokki in Giza. It will roll out to other areas and governorates at a later stage. Committees in governorates will be set up to organize street parking, determine ticket pricing based on the income levels in each area, as well as choose the streets where parking is allowed, and the car count, Local Development Ministry spokesperson Khaled Kassem said last week, noting that a company dedicated to hiring parking attendants would also be established.<\/p>\n<p><strong>Also approved at yesterday\u2019s meeting:<\/strong><\/p>\n<ul>\n<li><strong>A draft presidential decree to adjust the terms of a cooperation agreement with Japan<\/strong> for the implementation of outpatient clinics at Cairo University Children\u2019s Hospital.<\/li>\n<li><strong>An agreement with the African Union <\/strong>to host the African Space Agency\u2019s headquarters in Egypt.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cabinet-watch\/\">cabinet watch<\/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=\"557007\" 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=\"557007\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/mas-pesos\/\">\r\n                            M\u00e1s pesos                        <\/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\/09\/02\/mas-pesos\/\" 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\/09\/02\/mas-pesos\/')\">\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\/09\/02\/mas-pesos\/\">\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=M\u00e1s pesos&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/mas-pesos\/\">\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\/09\/02\/mas-pesos\/&title=M\u00e1s pesos\">\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=M%C3%A1s+pesos+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fmas-pesos%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\/09\/02\/mas-pesos\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/31.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557008\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/mas-pesos\/31-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/31.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"31.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/31.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/31.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557007\" class=\"content-area-description single-story post-557007 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-customs tag-enterpriseam tag-south-america tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Egyptian exports heading to South America will as of today be charged lower <\/strong><sup><\/sup><strong>customs rates <\/strong>under a trade agreement signed in 2010, according to a ministry <a href=\"https:\/\/bit.ly\/38wH7yk\">statement<\/a>. Customs paid on some 6.9k goods heading to countries in the Mercosur trading bloc will be reduced by 10-12.5%<sup><\/sup> in a move that will benefit exporters and make Egyptian products more competitive in Latin America.<\/p>\n<p><strong>This is an annual event:<\/strong> Under the <a href=\"https:\/\/ent.news\/2017\/10\/Final-Version-of-Mercosur-Report-1.pdf\">agreement (pdf)<\/a>, both sides are working to gradually eliminate customs imposed on 90% of the goods by 2026. Customs are being phased out over varying timelines<sup><\/sup>, with some goods seeing 12.5% reductions each year and becoming exempt by 2023 and others being cut by 10% a year, reaching 0% by 2026. Duties on other goods were made exempt when the agreement came into force in 2017 while for others the charges were fully phased out by 2020.<\/p>\n<p><strong>The latest reductions mean that customs have been slashed by 50-62.5%<\/strong> since the agreement came into force in 2017.<\/p>\n<p><strong>Annual trade between Egypt and Mercosur countries has more than doubled<\/strong> since the agreement came into effect in 201, notching USD 396 mn last year compared to USD 184 mn three years earlier.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs\/\">customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-america\/\">South America<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557009\" 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=\"557009\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/another-landmark-in-the-tax-overhaul-finmin-issues-official-customs-act-exec-regs\/\">\r\n                            Another landmark in the tax overhaul: FinMin issues official Customs Act exec regs                        <\/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\/09\/02\/another-landmark-in-the-tax-overhaul-finmin-issues-official-customs-act-exec-regs\/\" 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\/09\/02\/another-landmark-in-the-tax-overhaul-finmin-issues-official-customs-act-exec-regs\/')\">\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\/09\/02\/another-landmark-in-the-tax-overhaul-finmin-issues-official-customs-act-exec-regs\/\">\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 landmark in the tax overhaul: FinMin issues official Customs Act exec regs&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/another-landmark-in-the-tax-overhaul-finmin-issues-official-customs-act-exec-regs\/\">\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\/09\/02\/another-landmark-in-the-tax-overhaul-finmin-issues-official-customs-act-exec-regs\/&title=Another landmark in the tax overhaul: FinMin issues official Customs Act exec regs\">\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+landmark+in+the+tax+overhaul%3A+FinMin+issues+official+Customs+Act+exec+regs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fanother-landmark-in-the-tax-overhaul-finmin-issues-official-customs-act-exec-regs%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\/09\/02\/another-landmark-in-the-tax-overhaul-finmin-issues-official-customs-act-exec-regs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/33.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557010\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/another-landmark-in-the-tax-overhaul-finmin-issues-official-customs-act-exec-regs\/33-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/33.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"33.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/33.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/33.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557009\" class=\"content-area-description single-story post-557009 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-customs-act tag-enterpriseam tag-finance-ministry tag-legislation-watch tag-mohamed-maait tag-regulation-watch tag-tax 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-07\"><\/a> <strong>The final executive regulations of the Customs Act <\/strong><sup><\/sup><strong>have been issued<\/strong> by the Finance Ministry and were <a href=\"https:\/\/ent.news\/2021\/9\/Official-Gazette-customs-.pdf\">published (pdf)<\/a> in the Official Gazette on Tuesday. The exec regs\u2019 arrival marks the latest landmark in implementing the recently-approved Customs Act, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">came into effect<\/a> late last year and aims to expedite customs clearance.<\/p>\n<p><strong>What do they say?<\/strong> The new regs lay out how <a href=\"https:\/\/www.nafeza.gov.eg\/en\">Nafeza<\/a>, the Customs Authority\u2019s new Advance Cargo Information (ACI) pre-registration system, will work. They also outline instructions for businesses importing goods at ports on accessing and using the platform to file and pay all types of shipping dues, as well as filing shipping documents and cargo data digitally ahead of arrival. Elsewhere, the regs set down customs tax breaks for tourists and Egyptians coming from abroad.<\/p>\n<p><strong>The new system hasn\u2019t been without controversy: <\/strong>The government tweaked the exec regs <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3f5511e2-50db-4cad-b475-06daefb7032e\">twice<\/a>, in November and then in February, in response to complaints from exporters, shipping agencies and customs brokers after the Customs Act came into force. The business community hasn\u2019t been an enthusiastic adopter of Nafeza so far either, with importers and exporters <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/28551a6e-d44f-44ad-93f5-0c1aab97ef28\">repeatedly<\/a> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa0781e5-12b0-479f-ad39-29caa0d05139\">lobbying<\/a>for extensions to its implementation deadline. Nafeza <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10fa5156-9181-43fb-a1b5-94c82af47cd0\">goes online<\/a> on 1 October \u2014 a deadline by which anyone who has not signed up for it will not be allowed to clear imported goods out of customs at seaports, Minister Mohamed Maait said during a roundtable last week.<\/p>\n<p><strong>Lost in transit?<\/strong> Learn more about the Customs Act <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff816b7c-7eaf-4b1f-ac4c-be6ec4df8325\">here<\/a>and Nafeza <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9e2f68a-8c99-4750-b736-cbcdd6f65839\">here<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs-act\/\">Customs Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation-watch\/\">regulation watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"557011\" 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=\"557011\">\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\">Kudos<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/kudos-egyptian-companies-recognized-in-fintech-banking-sectors\/\">\r\n                            Kudos: Egyptian companies recognized in fintech, banking sectors                        <\/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\/09\/02\/kudos-egyptian-companies-recognized-in-fintech-banking-sectors\/\" 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\/09\/02\/kudos-egyptian-companies-recognized-in-fintech-banking-sectors\/')\">\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\/09\/02\/kudos-egyptian-companies-recognized-in-fintech-banking-sectors\/\">\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=Kudos: Egyptian companies recognized in fintech, banking sectors&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/kudos-egyptian-companies-recognized-in-fintech-banking-sectors\/\">\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\/09\/02\/kudos-egyptian-companies-recognized-in-fintech-banking-sectors\/&title=Kudos: Egyptian companies recognized in fintech, banking sectors\">\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=Kudos%3A+Egyptian+companies+recognized+in+fintech%2C+banking+sectors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fkudos-egyptian-companies-recognized-in-fintech-banking-sectors%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\/09\/02\/kudos-egyptian-companies-recognized-in-fintech-banking-sectors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557011\" class=\"content-area-description single-story post-557011 post type-post status-publish format-standard hentry category-kudos tag-aman-financial-services tag-enterpriseam tag-fintech tag-forbes tag-kudos tag-moneyfellows tag-valu wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Our friends at CIB and Elsewedy Electric topped the list of nominees at this year\u2019s<\/strong><strong> Institutional Investor Best Practice awards.<\/strong> The two are nominated for the grand prix (ie: regional award) as leading corporations for investor relations in the Middle East, according to a <a href=\"https:\/\/ent.news\/2021\/9\/Institutional-Investor-Middle-East-IR-Awards-2021-Nominees.pdf\">statement<\/a><sup><\/sup><a href=\"https:\/\/ent.news\/2021\/9\/Institutional-Investor-Middle-East-IR-Awards-2021-Nominees.pdf\">(pdf)<\/a>.<\/p>\n<p><strong>CIB CEO Hussein Abaza is once again a finalist for \u201cbest investor relations by a CEO\u201d in <\/strong><strong>the Middle East<\/strong>, according to the statement. No Egyptian CFO was nominated for best CFO for IR.<\/p>\n<p><strong>Nominees for best corporate for IR in Egypt include <\/strong>CIB, Edita, Elsewedy, Raya Contact Center and Telecom Egypt.<\/p>\n<p><strong>Nominees for best IR professional in Egypt <\/strong>include a number of our favourite people:<\/p>\n<ul>\n<li>Haitham Abdel Moneim (EK Holding)<\/li>\n<li>Menna Shams El Din (Edita)<\/li>\n<li>Tarek Yehia (Elsewedy)<\/li>\n<li>Sarah Shabayek (Telecom Egypt)<\/li>\n<li>Ahmed Zayed (Telecom Egypt)<\/li>\n<li>Jan Pawel Hasman (TMG)<\/li>\n<\/ul>\n<p><strong>We hope we see all of you on the road soon <\/strong>instead of in these horrible damn video calls.<\/p>\n<p><strong>Four Egyptian companies made it to Forbes\u2019 list of <\/strong><strong><a href=\"https:\/\/www.forbesmiddleeast.com\/lists\/top-fintech-apps-in-the-middle-east\/\">Top 15 Fintech Apps In The<\/a><\/strong><strong><a href=\"https:\/\/www.forbesmiddleeast.com\/lists\/top-fintech-apps-in-the-middle-east\/\"><\/a><\/strong><strong><a href=\"https:\/\/www.forbesmiddleeast.com\/lists\/top-fintech-apps-in-the-middle-east\/\">Middle East<\/a><\/strong>, with online portal <strong>myFawry<\/strong> topping the list. It was followed by EFG Hermes\u2019 buy-now-pay-later platform <strong>valU<\/strong> and digitized rotating savings and credit association, <strong>MoneyFellows<\/strong>. Raya Holding\u2019s merchant financial services provider, <strong>Aman<\/strong>, rounded out list.<\/p>\n<p><strong>A large number of Egyptian banks and financial services firms were recognized <\/strong>in the 2021 Global Banking and Finance Review Awards. The <a href=\"https:\/\/www.globalbankingandfinance.com\/global-banking-finance-awards-2021-award-winners\/\">list<\/a> includes Concord International Investments, QNB Alahli, ADIB Egypt, Credit Agricole Egypt, Banque Misr, Banque du Caire, Servfund, and Arab Moltaqa Investments.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aman-financial-services\/\">Aman Financial Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/forbes\/\">Forbes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moneyfellows\/\">MoneyFellows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/valu\/\">ValU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557012\" 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=\"557012\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/557012\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557012\" class=\"content-area-description single-story post-557012 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.sodic.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/Sodic-June-MV-Roller-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\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=\"557013\" 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=\"557013\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/were-hosting-the-junior-track-world-championship-this-week\/\">\r\n                            We\u2019re hosting the Junior Track World Championship this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/were-hosting-the-junior-track-world-championship-this-week\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/were-hosting-the-junior-track-world-championship-this-week\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/were-hosting-the-junior-track-world-championship-this-week\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=We\u2019re hosting the Junior Track World Championship this week&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/were-hosting-the-junior-track-world-championship-this-week\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/were-hosting-the-junior-track-world-championship-this-week\/&title=We\u2019re hosting the Junior Track World Championship this week\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=We%E2%80%99re+hosting+the+Junior+Track+World+Championship+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fwere-hosting-the-junior-track-world-championship-this-week%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/were-hosting-the-junior-track-world-championship-this-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557013\" class=\"content-area-description single-story post-557013 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-arab-contractors tag-enterpriseam tag-high-speed-rail tag-last-nights-talk-shows tag-orascom-construction tag-siemens-mobility tag-sports tag-transport tag-transport-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The two stories leading the conversation on the nation\u2019s airwaves last night:<\/strong> The 2021 International Cycling Union (UCI) <a href=\"https:\/\/juniortrackworldscairo.com\/\">Junior Track Cycling World Championship<\/a>, which is being staged in Cairo for the first time from 1 to 5 September, and the signing of a USD 4.5 bn contract between state-owned National Authority for Tunnels (NAT) and a consortium including Siemens Mobility, Orascom Construction and Arab Contractors for the construction of the first phase of Egypt\u2019s first high-speed rail line, which will connect the Red Sea and the Mediterranean. We have coverage of the latter in the news well, above.<\/p>\n<p><strong>For your viewing pleasure:<\/strong> Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=yrdnLWP1GHU\">watch, runtime: 18:25<\/a>) and Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=jVOgeNd-0FE\">watch, runtime: 15:54<\/a>) had coverage of the opening ceremony of the UCI\u2019s Junior Track Cycling World Championship, while MBC Masr\u2019s Sherif Amer (<a href=\"https:\/\/www.youtube.com\/watch?v=byH248q4AS0\">watch, runtime: 1:57<\/a>) took note of yesterday\u2019s transport agreement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/high-speed-rail\/\">high-speed rail<\/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\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/siemens-mobility\/\">Siemens Mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-ministry\/\">Transport Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557014\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-hqaeen6\" data-v=\"4\" data-block-id=\"hqaeen6\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-hqaeen6-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-hqaeen6-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-ig0bvi2\" data-v=\"4\" data-block-id=\"ig0bvi2\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ig0bvi2-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ig0bvi2-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-adl8op6\" data-v=\"4\" data-block-id=\"adl8op6\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-adl8op6-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-adl8op6-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-4n0w2ei\" data-v=\"4\" data-block-id=\"4n0w2ei\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-4n0w2ei-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-4n0w2ei-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path 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data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557015\" 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=\"557015\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/saudi-diggipacks-partners-with-egypts-fwrun-for-regional-expansion\/\">\r\n                            Saudi Diggipacks partners with Egypt\u2019s Fwrun for regional expansion                        <\/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\/09\/02\/saudi-diggipacks-partners-with-egypts-fwrun-for-regional-expansion\/\" 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\/09\/02\/saudi-diggipacks-partners-with-egypts-fwrun-for-regional-expansion\/')\">\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\/09\/02\/saudi-diggipacks-partners-with-egypts-fwrun-for-regional-expansion\/\">\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=Saudi Diggipacks partners with Egypt\u2019s Fwrun for regional expansion&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/saudi-diggipacks-partners-with-egypts-fwrun-for-regional-expansion\/\">\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\/09\/02\/saudi-diggipacks-partners-with-egypts-fwrun-for-regional-expansion\/&title=Saudi Diggipacks partners with Egypt\u2019s Fwrun for regional expansion\">\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=Saudi+Diggipacks+partners+with+Egypt%E2%80%99s+Fwrun+for+regional+expansion+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fsaudi-diggipacks-partners-with-egypts-fwrun-for-regional-expansion%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\/09\/02\/saudi-diggipacks-partners-with-egypts-fwrun-for-regional-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557015\" class=\"content-area-description single-story post-557015 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-e-commerce tag-enterpriseam tag-logistics tag-saudi-arabia tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Saudi-based storage and delivery startup <\/strong><strong><a href=\"https:\/\/www.diggipacks.com\/\">Diggipacks<\/a><\/strong><strong> has acquired an <\/strong><strong>undisclosed share in Egyptian e-commerce solutions provider <\/strong><strong><a href=\"https:\/\/fwrun.com\/\">Fwrun<\/a><\/strong>, in a move underpinning both companies\u2019 expansion plans between Saudi Arabia and Egypt, <a href=\"https:\/\/www.wamda.com\/2021\/09\/diggipacks-acquires-egypts-fwrun\">Wamda<\/a> reports. The acquisition, the value of which is unknown, will see Diggipacks and Fwrun exchange resources and technology, as well as expertise in e-commerce, retail and digital transformation.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557016\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557017\" 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=\"557017\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/weve-vaccinated-1-6-mn-state-employees-so-far\/\">\r\n                            We\u2019ve vaccinated 1.6 mn state employees so far                        <\/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\/09\/02\/weve-vaccinated-1-6-mn-state-employees-so-far\/\" 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\/09\/02\/weve-vaccinated-1-6-mn-state-employees-so-far\/')\">\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\/09\/02\/weve-vaccinated-1-6-mn-state-employees-so-far\/\">\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=We\u2019ve vaccinated 1.6 mn state employees so far&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/weve-vaccinated-1-6-mn-state-employees-so-far\/\">\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\/09\/02\/weve-vaccinated-1-6-mn-state-employees-so-far\/&title=We\u2019ve vaccinated 1.6 mn state employees so far\">\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=We%E2%80%99ve+vaccinated+1.6+mn+state+employees+so+far+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fweve-vaccinated-1-6-mn-state-employees-so-far%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\/09\/02\/weve-vaccinated-1-6-mn-state-employees-so-far\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557017\" class=\"content-area-description single-story post-557017 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-education tag-enterpriseam tag-hala-zayed tag-israel tag-khaled-abdel-ghaffar tag-moustafa-madbouly tag-vaccines tag-vacsera wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt has vaccinated 1.6 mn state employees so far<\/strong>, including 44k last Tuesday alone, Health Minister Hala Zayed said during the cabinet meeting today, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/214663084037453\">statement<\/a>.<\/p>\n<p><strong>All staff in the education sector are to have received at least one dose of a vaccine by 15 <\/strong><strong>September<\/strong>, with everyone expected to have received a second dose by the end of October, Zayed said. Some 289 vaccination centers have been set up at 59 public and private universities nationwide, Higher Education Minister Khaled Abdel Ghaffar said, adding that 86.2k doses had been administered through these centers till 31 August.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/151050580539498\">reported<\/a><\/strong><strong> 291 new covid-19 infections yesterday<\/strong>, up from 279 the day before. Egypt has now disclosed a total of 288,732 confirmed cases of covid-19. The ministry also reported 7 new deaths, bringing the country\u2019s total death toll to 16,743.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hala-zayed\/\">Hala Zayed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khaled-abdel-ghaffar\/\">Khaled Abdel Ghaffar<\/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\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vacsera\/\">Vacsera<\/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=\"557018\" 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=\"557018\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/is-a-golden-era-for-em-equities-around-the-corner\/\">\r\n                            Is a golden era for EM equities around the corner?                        <\/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\/09\/02\/is-a-golden-era-for-em-equities-around-the-corner\/\" 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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Though EM bonds have remained weak throughout the past year, Latin American government bonds and Asian equities are poised to benefit from rising global inflation, as investors turn to equities with a chance of outpacing price growth.<\/p><p><strong>OPEC+ will continue with plans to hike output by 400k bpd next month, <\/strong>after members agreed in a virtual meeting yesterday to press ahead with plans to undo oil production cuts \u2014 imposed during covid-19 to protect prices from plummeting demand \u2014 as oil prices continue to recover, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-01\/opec-ministers-recommend-sticking-with-planned-output-increases?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. The group had earlier this week <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/574fd08e-1465-4630-bdf8-c66c35351b68\">revised upwards<\/a> its demand forecast for 2022 to 4.2 mn bpd from 3.3 mn previously. OPEC+ had reached <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c82df82-84e1-4f60-ab06-e6104209ddea\">an agreement<\/a> in July to gradually increase production through the end of 2022, extending the supply cuts to December 2022 instead of April. The group will next meet to consider oil supply on 4 October, according to <a href=\"https:\/\/www.reuters.com\/business\/energy\/opec-raises-2022-oil-demand-growth-forecast-2021-09-01\/\">Reuters<\/a>.<\/p><p><strong>Factory backlogs pile up: <\/strong>The pandemic has trampled on the delicate, interconnected web of supply-and-demand that is the global goods trade, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-01\/global-supply-squeeze-and-delta-variant-rip-through-factories?sref=mmeFTDW1\">Bloomberg<\/a> reports. Repairing it is proving more difficult than thought: the rise of the delta variant in parts of Asia, raw materials and parts shortages, and low shipping capacity mean that orders are piling up at factories worldwide. <strong>Unfulfilled orders hit record highs in Europe in August<\/strong>, while manufacturing PMIs showed <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-01\/delta-s-spread-deepens-north-south-divide-for-asia-s-factories?sref=mmeFTDW1\">contraction<\/a>in Indonesia, Vietnam, Thailand, Philippines and Malaysia, with slowdowns also expected in the US. Meanwhile, foreign buyers are stressed that they won\u2019t be able to fill the shelves in time for the end-of-year holiday season.<\/p><p><strong>China\u2019s manufacturing activity contracted for the first time in over a year in <\/strong><strong>August<\/strong>, according to the <a href=\"https:\/\/www.investing.com\/economic-calendar\/chinese-caixin-manufacturing-pmi-753\">Chinese Caixin Manufacturing PMI<\/a>, which slipped to 49.2 from 50.3 in July. The <a href=\"https:\/\/www.ft.com\/content\/c6c4d528-e699-4291-b05c-3ea01c620bbc\">Financial Times<\/a> attributed the decline to the country\u2019s strict response to its recent covid-19 outbreak.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p> 11283.70<\/p>\n<\/td>\n<td>\n<p>+1.26% (YTD: +4.04%)<\/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 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/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 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,310.54<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +30.16%)<\/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>7,649.31<\/p>\n<\/td>\n<td>\n<p>-0.5% (YTD: +51.61%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,916.60<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: +17.04%)<\/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>4,530.28<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: +20.61%)<\/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>7,149.84<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +10.67%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 71.44<\/p>\n<\/td>\n<td>\n<p>-0.27%<\/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 4.62<\/p>\n<\/td>\n<td>\n<p>+5.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,814.80<\/p>\n<\/td>\n<td>\n<p>-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 48,399.90<\/p>\n<\/td>\n<td>\n<p>+2.8% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 1.3% at yesterday\u2019s close<\/strong> on turnover of EGP 1.5 bn (1% above the 90-day average). Local investors were net sellers. The index is up 4% YTD.<\/p><p><strong>In the green: <\/strong>Pioneers Holding (+4.3%), Fawry (+3.4%) and Rameda (+2.8%).<\/p><p><strong>In the red: <\/strong>Heliopolis Housing (-0.9%), Raya (-0.7%) and Mopco (-0.7%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/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\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-chain\/\">supply chain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557019\" 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=\"557019\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/turkey-could-give-us-15-ikhwanis-to-try-to-get-in-our-good-books\/\">\r\n                            Turkey could give us 15 Ikhwanis to try to get in our good books                        <\/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\/09\/02\/turkey-could-give-us-15-ikhwanis-to-try-to-get-in-our-good-books\/\" 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\/09\/02\/turkey-could-give-us-15-ikhwanis-to-try-to-get-in-our-good-books\/')\">\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\/09\/02\/turkey-could-give-us-15-ikhwanis-to-try-to-get-in-our-good-books\/\">\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=Turkey could give us 15 Ikhwanis to try to get in our good books&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/turkey-could-give-us-15-ikhwanis-to-try-to-get-in-our-good-books\/\">\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\/09\/02\/turkey-could-give-us-15-ikhwanis-to-try-to-get-in-our-good-books\/&title=Turkey could give us 15 Ikhwanis to try to get in our good books\">\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=Turkey+could+give+us+15+Ikhwanis+to+try+to+get+in+our+good+books+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fturkey-could-give-us-15-ikhwanis-to-try-to-get-in-our-good-books%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\/09\/02\/turkey-could-give-us-15-ikhwanis-to-try-to-get-in-our-good-books\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557019\" class=\"content-area-description single-story post-557019 post type-post status-publish format-standard hentry category-diplomacy tag-abdel-fattah-el-sisi tag-diplomacy tag-enterpriseam tag-king-abdullah-ii tag-muslim-brotherhood tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Ankara could hand over some 15 Ikhwan leaders to Cairo<\/strong> in a bid to pave the way for a rapprochement between the countries, unnamed sources allegedly in the know tell <a href=\"https:\/\/al-ain.com\/article\/1630424079\">Al Ain<\/a>. Egypt has made the handing over of Ikhwan figures a precondition for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d86d870-4e56-4d23-b100-62701da32f18\">continuing bilateral talks<\/a> with Turkey to reestablish diplomatic relations.<\/p>\n<p><strong>A breakthrough?<\/strong> Talks will resume next month when an Egyptian delegation travels to Ankara for a new round of discussions. Attempts by both sides to mend bilateral relations have been at a standstill since the two sides <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0d38d0e-5721-425a-af1b-fc0d65a3bfba\">last met in Cairo in May<\/a>.\u00a0Ankara has made several other attempts to get into Egypt\u2019s good books in past months, including telling Turkish media in March to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fd9bd86b-542e-46d6-a545-108fa6ec37d9\">tone down criticism of Egypt<\/a>, and offering to negotiate <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/97a7c519-e6da-49a3-a333-d6aef5ec7f00\">a possible maritime pact with Egypt<\/a> and dial back tensions in the EastMed.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/king-abdullah-ii\/\">King Abdullah II<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/muslim-brotherhood\/\">Muslim Brotherhood<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/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=\"557020\" 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=\"557020\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/my-morning-routine-ramy-khorshed-co-founder-and-ceo-of-sakneen\/\">\r\n                            My Morning Routine: Ramy Khorshed, co-founder and CEO of Sakneen                        <\/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\/09\/02\/my-morning-routine-ramy-khorshed-co-founder-and-ceo-of-sakneen\/\" 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\/09\/02\/my-morning-routine-ramy-khorshed-co-founder-and-ceo-of-sakneen\/')\">\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\/09\/02\/my-morning-routine-ramy-khorshed-co-founder-and-ceo-of-sakneen\/\">\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=My Morning Routine: Ramy Khorshed, co-founder and CEO of Sakneen&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/my-morning-routine-ramy-khorshed-co-founder-and-ceo-of-sakneen\/\">\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\/09\/02\/my-morning-routine-ramy-khorshed-co-founder-and-ceo-of-sakneen\/&title=My Morning Routine: Ramy Khorshed, co-founder and CEO of Sakneen\">\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=My+Morning+Routine%3A+Ramy+Khorshed%2C+co-founder+and+CEO+of+Sakneen+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F02%2Fmy-morning-routine-ramy-khorshed-co-founder-and-ceo-of-sakneen%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\/09\/02\/my-morning-routine-ramy-khorshed-co-founder-and-ceo-of-sakneen\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/35.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557021\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/my-morning-routine-ramy-khorshed-co-founder-and-ceo-of-sakneen\/35-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/35.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"35.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/35.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/35.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557020\" class=\"content-area-description single-story post-557020 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-enterpriseam tag-my-morning-routine tag-real-estate tag-sakneen wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Ramy Khorshed, co-founder and CEO of Sakneen:<\/strong> Each week, My Morning Routine looks at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Ramy Khorshed (<a href=\"https:\/\/eg.linkedin.com\/in\/ramykhorshed\">LinkedIn<\/a>), co-founder and CEO of Sakneen.<\/p>\n<p><strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p><strong>My name is Ramy Khorshed, I\u2019m the co-founder and CEO of <\/strong><strong><a href=\"https:\/\/www.sakneen.com\/\">Sakneen<\/a><\/strong><strong>.<\/strong> We\u2019re a real estate technology company looking to bring transparency to one of the largest industries in Egypt. It was always a space I was very passionate about and had a lot of exposure to growing up. My father was in real estate development and construction and I came in with a degree in economics and information science so I was always thinking about ways to apply my knowledge to the industry. I became familiar with global tools like Zillow while I was studying in the US, which was the sort of thing that kicked my interest into gear. I wanted to build a product that brought transparency to the space, so it's really a dream to be working on this everyday.<\/p>\n<p><strong>We started Sakneen in 2019 and we\u2019re now close to a 30-person team.<\/strong> It was just me and Hussein El Kheshen, my co-founder and CTO, when we got accepted into Y-combinator early in the company's history. We started without a team, a product or anything beyond a hunch that there was an opportunity in real estate. Things officially kicked off in 2019 and between January to June of 2020 was when we were testing out a bunch of different ideas, trying to figure out where we would find market fit.<\/p>\n<p><strong>It was only after that phase when we doubled down<\/strong> on the opportunity to build a transactional marketplace in Egypt with embedded financing and really started building our tech and product team. We moved into an office and started building out the more commercial side of the company at the start of this year.<\/p>\n<p><strong>The decision to build the company was inspired by my own experience trying to buy a house in 2014.<\/strong> As someone who wanted to make an educated decision, I was uncomfortable with making one while only having access to a small percentage of the inventory on the market. There was no single entity or place I could go to for a bird\u2019s eye overview of what I wanted to know. I also didn't feel like the people I was speaking to in the industry were entirely objective either. At that point I decided to build a database out of months of personally-collected data from a bunch of developers and brokers.<\/p>\n<p><strong>I realized that democratizing access to this information could cause a lot of players in the market to act differently<\/strong>, both on the buy and sell side. So that was sort of the starting point: making sure we deliver on quality listings, and from the back-end, making sure we do a good job on tracking our analytics for our own decision-making.<\/p>\n<p><strong>In regards to financing, we have two things we\u2019re very interested in at the moment:<\/strong> We launched our financing integration program with Contact, who are also investors in the company, which allows people to apply for financing online and find homes that have been pre-approved for financing. Typically this part of the process comprises more than half the time it takes to obtain a mortgage. So if you have that done ahead of time you can offer a much more seamless experience for home buyers. The second thing, which is happening right now on a national scale, is the CBE\u2019s subsidized mortgage initiative for low and middle-income households. This is an initiative we\u2019re very interested in.<\/p>\n<p><strong>There are huge strides being made in the direction of clarifying land ownership<\/strong> and making sure that buildings are registered with uniquely identifiable numbers and a clear ownership history. This is something that has really plagued the transactional side and the informational side for buyers. Clear ownership becomes even more important because you need a high threshold of proof to convince an institution to lend against a certain asset class.<\/p>\n<p><strong>I think transparency on tax disclosures would be huge.<\/strong> Right now real estate tax is collected on most assets in Egypt, but unlike lots of other countries, real estate tax revenues aren\u2019t publicly accessible on any kind of database. I think there would be a lot of opportunity in being able to analyze and share that data with the public.<\/p>\n<p><strong>The dream day starts at around 6 or 7 am.<\/strong> It's still hit or miss but I try to head to the gym first thing in the morning because if I don\u2019t make it there in that window right before work then I probably won\u2019t end up going. I\u2019ve never worked out in the evening and never will. After that, I try to beat traffic and make it to the office before 9 am. That\u2019s when I get to plan out my day and everything I need to get done. There\u2019s actually a piece of extremely helpful software my co-founder recommended called Sunama, which basically helps you plan your days and weeks by providing you with a full analytics report of how you spend your time.<\/p>\n<p><strong>Once people start coming into the office, it\u2019s game time.<\/strong> It ends up being really fluid during prime work hours; I go over outstanding issues, field phone calls from various stakeholders and check in with the team on how everything is going. Planning or deep focus work usually takes place in the evening or early in the morning.<\/p>\n<p><strong>Typically I leave the office around 8 or 9 pm.<\/strong> That's when I got the chance to set up shop with my laptop and wrap up. It also allows me to sit out traffic. I try to optimize my morning and evening commutes that way. Midweek I go home and usually do some reading or catch a good movie or something.<\/p>\n<p><strong>I think a lot of the transactional components of buying or selling a house will remain offline.<\/strong> Whether it's going into a Real Estate Registry office or making payments, these processes still rely on paperwork, which isn\u2019t exactly the best customer experience.<\/p>\n<p><strong>It's important to communicate to everyone that technology is here to assist with the transaction and not replace humans.<\/strong> I think any company globally that has tried to replace agents or cut them out of the transaction has failed. We think about ourselves as a tool for both sides of the market to have a better experience, not as a replacement for anyone.<\/p>\n<p><strong>I\u2019ve been really big on non-fiction recently:<\/strong> Some of the most impactful books I\u2019ve read over the past couple of years were from Nassim Taleb\u2019s <a href=\"https:\/\/www.goodreads.com\/series\/164555-incerto\">Incerto<\/a> series. Black Swan and Antifragile provide an endless amount of insight into how to make decisions in the absence of a full picture or the requisite information. They were especially useful to me after reading books by the data analyst, <a href=\"https:\/\/twitter.com\/natesilver538\">Nate Silver<\/a>, who had a very planned approach to decision-making that I found really inspiring but struggled to apply in real world situations where you usually don't have beautiful data sets. <a href=\"https:\/\/www.goodreads.com\/book\/show\/25159062-narconomics\">Narconomics<\/a> by Tom Wainwright is also a super fun read about the drug trade and crime. It drives home the point that if you find behavior around you that looks irrational from the outside you probably just don't understand what\u2019s really going on.<\/p>\n<p><strong>My father always instilled in me that life is about what you put into it not what you get out of it.<\/strong> That it is important to take pride in the process, the journey, and the consistent pursuit of excellence rather than an exclusive focus on outcomes. This resilience helped him become a 5 time Olympian and World Champion while building a business and raising a family.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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\/sakneen\/\">Sakneen<\/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=\"557022\" 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\/09\/02\/your-essential-business-calendar-on-1-september-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557022\" class=\"content-area-description single-story post-557022 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>24 August-5 September (Tuesday-Sunday): Tokyo 2020 <a href=\"https:\/\/www.paralympic.org\">Paralympics<\/a>.<\/p>\n<p>September: Delegation of Russian companies to visit Russian Industrial Zone.<\/p>\n<p>1-3 September (Wednesday-Friday): <a href=\"https:\/\/digisignafrica.com\/\">Digi Sign Africa<\/a>, Cairo International Convention Centre, Cairo, Egypt.<\/p>\n<p>3-5 September (Friday-Sunday): The World Karate Federation will hold <a href=\"https:\/\/www.wkf.net\/news-center-new\/cairo-replaces-tashkent-as-host-of-2021-karate-1-premier-league\/1606\">the third competition<\/a> of the 2021 Karate 1-Premier League in Cairo.<\/p>\n<p>4 September (Saturday): The first <a href=\"https:\/\/cyprus-mail.com\/2021\/08\/26\/first-cyprus-egypt-intergovernmental-summit-on-september-4\/\">Egypt-Cyprus Intergovernmental Summit<\/a> is taking place in Cairo.<\/p>\n<p>5 September (Sunday): The updated date for EGX listed companies to institute the new mechanism for calculating closing share prices. The deadline was previously 2 September.<\/p>\n<p>5-7 September (Sunday-Tuesday): The <a href=\"https:\/\/www.arabsecurityconference.com\/\">Arab Security Conference<\/a>, The Nile Ritz-Carlton, Cairo, Egypt.<\/p>\n<p>7-8 September (Tuesday-Wednesday): Euromoney Conferences will host <a href=\"https:\/\/bit.ly\/3lpLeUO\">the GlobalCapital Sustainable and Responsible Capital Markets Forum 2021<\/a>, featuring Vice Minister of Finance Minister Ahmed Kouchouk.<\/p>\n<p>8-9 September (Wednesday-Thursday): <a href=\"https:\/\/ent.news\/2021\/8\/Press-release_ICF_arabic.pdf\">Egypt-International Cooperation Forum (ICF)<\/a>, Cairo<\/p>\n<p>7-9 September (Tuesday-Thursday): <a href=\"https:\/\/www.egyhealthexpo.com\/\">Egy Health Expo<\/a>, Al Manara International Conference, Cairo, Egypt.<\/p>\n<p>9 September (Thursday): <a href=\"https:\/\/devopsdays.org\/events\/2021-cairo\/welcome\/\">DevOpsDays Cairo 2021<\/a> is being organized by ITIDA and the Software Engineering Competence Center in cooperation with DXC Technology, IBM Egypt and Orange Labs.<\/p>\n<p>11-12 September (Saturday-Sunday):<a href=\"https:\/\/10times.com\/icess-egypt\">International Conferences on Economics and Social Sciences<\/a>, Cairo<\/p>\n<p>12 September (Sunday): International schools begin 2021-2022 academic year<\/p>\n<p>12-15 September (Sunday-Wednesday): Sahara Expo: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/p>\n<p>13-21 September (Monday-Tuesday): <a href=\"https:\/\/www.un.org\/en\/ga\/\">76th session of the general assembly<\/a>, New York<\/p>\n<p>15 September (Wednesday): The <a href=\"https:\/\/bit.ly\/3dp0wnB\">CFO Leadership & Strategy Summit<\/a> is taking place in Egypt.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>18 September (Saturday): Expiration of<a href=\"https:\/\/www.rudaw.net\/english\/middleeast\/iraq\/19092020\">United Nations Investigative Team<\/a> to Promote Accountability for Crimes Committed by Daesh\/ISIL<\/p>\n<p>21-22 September (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>22-25 September (Wednesday-Saturday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt<\/a>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-2 October (Thursday-Saturday): Egypt Projects 2021 expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-8 October (Thursday-Friday): The Cairo International Fair, Cairo International Conference Center, Cairo, Egypt.<\/p>\n<p>30 September: Closing of 2021\u2019s first oil and gas <a href=\"https:\/\/eug.petroleum.gov.eg\/dp\/pages\/common\/BidroundHighlights.jsp\">tender<\/a> in the Gulf of Suez, Western Desert, and the Mediterranean.<\/p>\n<p>October: New legislative session begins \u2014 must be held by the first Thursday of October.<\/p>\n<p>October: Romanian President Klaus Iohannis <a href=\"https:\/\/bit.ly\/3z0gaic\">could visit Egypt<\/a> in mid this month to discuss ways to boost tourism cooperation between the two countries.<\/p>\n<p>1 October (Friday): Businesses importing goods at seaports will need to file shipping documents and cargo data digitally to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">the Advance Cargo Information (ACI) system<\/a>.<\/p>\n<p>1 October (Friday): Expo 2020 Dubai opens.<\/p>\n<p>1 October (Friday): State-owned companies and government service bodies selling goods and services to customers that <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/178309171006178\">have not yet signed on to the e-invoicing platform<\/a> will suffer a host of penalties, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>9 October (Saturday): Public schools begin 2021-2022 academic year<\/p>\n<p>11-17 October (Monday-Sunday): <a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\">IMF + World Bank Annual Meetings<\/a>.<\/p>\n<p>12-14 October (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>24-28 October (Sunday-Thursday) <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/p>\n<p>27-28 October (Wednesday-Thursday) <a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a>, Royal Maxim Palace Kempinski, Cairo, Egypt.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 October - 4 November (Saturday-Thursday): The first edition of <a href=\"https:\/\/globalswimseries.com\/ryan-lochte-announces-first-race-the-legends-event-in-egypt\/\">Race The Legends<\/a>, Egypt.<\/p>\n<p>November: The French-Egyptian Business Forum is set to take place in the Suez Canal Economic Zone.<\/p>\n<p>November: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/163314772505618\">host another round of talks<\/a> to reach a potential Egyptian-Eurasian trade agreement, which can significantly contribute to increasing the volume of Egyptian exports to the Russia-led bloc that includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.<\/p>\n<p>1-3 November (Monday-Wednesday): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>2-3 November (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>16-17 November (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/p>\n<p>26 November-5 December (Friday-Sunday): <a href=\"https:\/\/www.facebook.com\/CairoFilms\/photos\/a.386668088207064\/1611462495727611\/\">The 43rd Cairo International Film Festival<\/a>.<\/p>\n<p>29 November-2 December (Monday-Thursday): Egypt Defense Expo.<\/p>\n<p>7-8 December (Tuesday-Wednesday): <a href=\"https:\/\/northafricatradefinance.com\/\">North Africa Trade Finance Summit<\/a>.<\/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>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>22-24 April 2022:<a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":556994,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-556993","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c9e61c17-9ca4-4711-8535-8f24957d48bb","teaser":"","photo_url":"https:\/\/ent.news\/2021\/9\/22.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Enterprise It\u2019s a super-packed issue this morning, so sit back and enjoy - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-its-a-super-packed-issue-this-morning-so-sit-back-and-enjoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise It\u2019s a super-packed issue this morning, so sit back and enjoy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-its-a-super-packed-issue-this-morning-so-sit-back-and-enjoy\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T01:31:10+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/22.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-its-a-super-packed-issue-this-morning-so-sit-back-and-enjoy\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-its-a-super-packed-issue-this-morning-so-sit-back-and-enjoy\/\",\"name\":\"Enterprise It\u2019s a super-packed issue this morning, so sit back and enjoy - 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