{"id":557075,"date":"2021-09-06T04:00:17","date_gmt":"2021-09-06T04:00:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=557075"},"modified":"2025-12-16T01:32:57","modified_gmt":"2025-12-16T01:32:57","slug":"private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/","title":{"rendered":"Private sector activity contracts in August despite surge in purchasing activity"},"content":{"rendered":"<section id=\"557077\" 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=\"557077\">\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\/06\/this-morning-conference-season-is-back-with-a-vengeance-didi-to-launch-in-egypt-next-week-2021-is-on-track-to-be-a-record-year-for-global-ma\/\">\r\n                            THIS MORNING: Conference season is back with a vengeance; DiDi to launch in Egypt next week; 2021 is on track to be a record year for global M&#038;A.                        <\/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\/06\/this-morning-conference-season-is-back-with-a-vengeance-didi-to-launch-in-egypt-next-week-2021-is-on-track-to-be-a-record-year-for-global-ma\/\" 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\/06\/this-morning-conference-season-is-back-with-a-vengeance-didi-to-launch-in-egypt-next-week-2021-is-on-track-to-be-a-record-year-for-global-ma\/')\">\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\/06\/this-morning-conference-season-is-back-with-a-vengeance-didi-to-launch-in-egypt-next-week-2021-is-on-track-to-be-a-record-year-for-global-ma\/\">\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: Conference season is back with a vengeance; DiDi to launch in Egypt next week; 2021 is on track to be a record year for global M&#038;A.&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/this-morning-conference-season-is-back-with-a-vengeance-didi-to-launch-in-egypt-next-week-2021-is-on-track-to-be-a-record-year-for-global-ma\/\">\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\/06\/this-morning-conference-season-is-back-with-a-vengeance-didi-to-launch-in-egypt-next-week-2021-is-on-track-to-be-a-record-year-for-global-ma\/&title=THIS MORNING: Conference season is back with a vengeance; DiDi to launch in Egypt next week; 2021 is on track to be a record year for global M&#038;A.\">\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+Conference+season+is+back+with+a+vengeance%3B+DiDi+to+launch+in+Egypt+next+week%3B+2021+is+on+track+to+be+a+record+year+for+global+M%26%23038%3BA.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Fthis-morning-conference-season-is-back-with-a-vengeance-didi-to-launch-in-egypt-next-week-2021-is-on-track-to-be-a-record-year-for-global-ma%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\/06\/this-morning-conference-season-is-back-with-a-vengeance-didi-to-launch-in-egypt-next-week-2021-is-on-track-to-be-a-record-year-for-global-ma\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557077\" class=\"content-area-description single-story post-557077 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-china tag-didi tag-enterpriseam tag-ma-watch tag-ride-hailing tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, wonderful people<\/strong>, and happy Labor Day to our readers in Canada and the United States. It\u2019s a really busy early fall morning here in Omm El Donia, so we\u2019re going to jump right in:<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Fall conference season is back with a bang<\/strong> this week, with many of the gatherings taking place in person:<\/p><p><strong>It\u2019s day two of the <\/strong><strong><a href=\"https:\/\/alolabor.org\/20527\/\">Arab Labor Conference<\/a><\/strong>, which is running through to 12 September at the InterContinental CityStars Hotel in Heliopolis. Government officials, ambassadors, trade union reps and business owners\u2019 association delegates from 21 Arab countries <a href=\"https:\/\/alolabor.org\/21017\/\">are participating in the gathering<\/a>.<\/p><p><strong>It\u2019s also the second day of the <\/strong><strong><a href=\"https:\/\/www.arabsecurityconference.com\/\">Arab Security Conference<\/a><\/strong> at the Nile Ritz-Carlton in Downtown Cairo. The cybersecurity conference will run until tomorrow.<\/p><p>Also taking place this week:<\/p><ul>\n<li><strong>Euromoney Conferences will host the <\/strong><strong><a href=\"https:\/\/bit.ly\/3l0GeDU\">GlobalCapital Sustainable and Responsible<\/a><\/strong><strong><a href=\"https:\/\/bit.ly\/3l0GeDU\"><\/a><\/strong><strong><a href=\"https:\/\/bit.ly\/3l0GeDU\">Capital Markets Forum 2021<\/a><\/strong>, which kicks off tomorrow and features Vice Minister of Finance Minister Ahmed Kouchouk. The conference will run until Wednesday.<\/li>\n<li><strong>The <\/strong><strong><a href=\"https:\/\/www.egyhealthexpo.com\/\">Egy Health Expo<\/a><\/strong><strong> will also take place on Tuesday<\/strong> at the Al Manara International Conference Center.<\/li>\n<li>The International Cooperation Ministry is hosting its inaugural two-day <strong><a href=\"https:\/\/ent.news\/2021\/8\/Press-release_ICF_arabic.pdf\">Egypt-International Cooperation Forum (ICF)<\/a><\/strong><strong> this Wednesday.<\/strong><\/li>\n<li><strong><a href=\"https:\/\/devopsdays.org\/events\/2021-cairo\/welcome\/\">DevOpsDays Cairo 2021<\/a><\/strong>, organized by ITIDA and the Software Engineering Competence Center in cooperation with DXC Technology, IBM Egypt and Orange Labs, <strong>takes place this Thursday<\/strong>.<\/li>\n<\/ul><p><strong>It\u2019s Labor Day in the United States and Canada. <\/strong>Wall Street and Bay Street are closed today, but will be back to trading tomorrow.<\/p><p><strong>NEXT WEEK-<\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Another new entrant to Egypt\u2019s ride-hailing market will launch next <\/strong><strong>week: <\/strong>Chinese ride-sharing app <a href=\"https:\/\/www.didiglobal.com\/\">DiDi<\/a> will start operating in Egypt next week, a company representative told Enterprise. The company will launch in Alexandria before expanding to other areas of the country. It is currently in the process of hiring drivers and is promising not to charge <a href=\"https:\/\/egypt.didiglobal.com\/driver\/\">commission<\/a> in their first month.<\/p><p><strong>THE BIG STORIES INTERNATIONALLY-<\/strong><\/p><p><strong>The Taliban are still getting the front-page treatment:<\/strong> <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/taliban-say-they-have-entered-capital-holdout-afghan-region-2021-09-05\/\">Reuters<\/a> reports that a key opposition figure has agreed to enter talks to end fighting with the Taliban, while <a href=\"https:\/\/www.wsj.com\/articles\/inside-the-biden-administrations-push-to-exit-afghanistan-11630855499?mod=hp_lead_pos7\">the Wall Street Journal<\/a> takes a detailed look at the Biden administration\u2019s thinking (or lack thereof) on the withdrawal from Afghanistan.<\/p><p><strong>US covid job benefits expire:<\/strong> The <a href=\"https:\/\/apnews.com\/article\/covid-19-safety-net-ending-unemployment-evictions-bca43d873a61a9059c72fe15b88b9a9a\">Associated Press<\/a>, <a href=\"https:\/\/www.washingtonpost.com\/business\/2021\/09\/05\/unemployment-benefits-economy\/\">Washington Post<\/a>, and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-05\/jobless-americans-are-stuck-in-backlog-nightmare-as-pandemic-benefits-expire?srnd=premium\">Bloomberg<\/a> are both focusing on the expiry of covid-era jobless benefits for US workers.<\/p><p><strong>*** IN CASE YOU MISSED IT-<\/strong><\/p><ul>\n<li><strong>EGX has implemented its <\/strong><strong>new<\/strong><strong> closing share price calculation mechanism: <\/strong>The new \u201cpre-close\u201d auction system <a href=\"https:\/\/enterprise.press\/stories\/2021\/09\/05\/tonight-el-sisi-talks-vaccines-for-minors-covid-19-fourth-wave-freshly-baked-croissant-at-miette-5249\/\">came into effect<\/a> yesterday in a move designed to improve accuracy, increase trading volumes and boost foreign inflows into Egyptian shares.<\/li>\n<li><strong>El Sisi <\/strong><strong>talks vaccines<\/strong><strong> for minors, covid-19 fourth wave: <\/strong>Egypt could <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2aa0cbf8-4b07-45ab-96ec-6250eba5ffcc\">start providing<\/a> vaccines to children under the age of 18 at schools once the vaccine gets approved for use by minors in Egypt, the president said at a charity event yesterday.<\/li>\n<li><strong>When whales walked on land: <\/strong>The new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/787267bf-09cc-456a-bdf5-7811f93b6694\">discovery<\/a> of a four legged whale fossil in Egypt\u2019s Western Desert could help us understand how the mammals evolved from living on land to the sea.<\/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>MORNING MUST READ- <\/strong><\/p><p><strong>M&amp;A goes wild: Global transactions are booming and are on course to smash <\/strong><strong>annual records<\/strong> with almost USD 4 tn agreed just eight months into the year, the <a href=\"https:\/\/www.ft.com\/content\/4b955a75-55a4-4e13-b785-638b88bbfb0b\">Financial Times<\/a> reports. August, generally a quiet month for M&amp;A, saw agreements worth USD 500 bn, surging from USD 289 bn in the same month last year, and USD 275 bn in August 2019.<\/p><p><strong>Fuelling the boom:<\/strong> The salmon-colored paper says that super-low interest rates, strong corporate earnings, and the \u201c<strong>return of animal spirits to corporate boardrooms<\/strong>\u201d are behind the bumper figures. The pickup in dealmaking has been evident across a broad range of sectors, with tech leading the way: M&amp;As in the sector account for 21% of all transactions so far this year, marking a heyday not seen since the dot-com boom at the turn of the century. Bankers and lawyers are raking in the dough as a result.<\/p><p><strong>Enter CNBC, with a word of caution: <\/strong>We may also be looking at a <a href=\"https:\/\/www.cnbc.com\/2021\/09\/03\/get-ready-for-a-possibly-record-breaking-rush-of-ipos-this-fall.html\">record-breaking fall IPO<\/a><a href=\"https:\/\/www.cnbc.com\/2021\/09\/03\/get-ready-for-a-possibly-record-breaking-rush-of-ipos-this-fall.html\">pipeline<\/a> on Wall Street as companies line up to take advantage of current market conditions, the broadcaster says. The catch? \u201c<a href=\"https:\/\/www.cnbc.com\/2021\/09\/05\/stocks-and-the-market-two-strategists-weigh-odds-of-correction.html\">There\u2019s a huge amount of froth in the marketplace right now<\/a> much like we\u2019ve seen in other important tops of the market that only became obvious in hindsight.\u201d<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Key news triggers remaining in the first two weeks of September:<\/strong><\/p><ul>\n<li><strong>Foreign reserves:<\/strong> The central bank will release foreign reserves figures for August sometime this week.<\/li>\n<li><strong>Inflation:<\/strong> Inflation data for August will drop at the end of this 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>House Speaker Hanafi Gebali will head a parliamentary delegation to the <\/strong><strong><a href=\"https:\/\/bit.ly\/3h5axbA\">Fifth<\/a><\/strong><strong><a href=\"https:\/\/bit.ly\/3h5axbA\">World Conference of Speakers of Parliament<\/a><\/strong>, taking place on 7-8 September in Vienna. Topics on the <a href=\"https:\/\/bit.ly\/38IaU7y\">agenda<\/a> include gender equality, the effects of covid-19 on democracy, and terrorism.<\/p><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><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> Egypt is seeing soaring demand for K-12 private school education, but <a href=\"https:\/\/enterprise.press\/blackboards\/why-arent-private-schools-expanding-outside-of-cairo\/\">expansion remains heavily Cairo-focused<\/a>. For many operators, expanding beyond the capital just isn\u2019t worth it due to the high land costs and potentially lower revenues. But those that do venture into the governorates say there\u2019s a strong business argument for doing so, including meeting substantial demand, facing low competition, and having the chance to develop Egypt\u2019s education system. We talk to education providers about why they see expansion beyond Cairo as a smart move, and how they\u2019re going about it.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/didi\/\">Didi<\/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\/ride-hailing\/\">ride-hailing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557078\" 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=\"557078\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/557078\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557078\" class=\"content-area-description single-story post-557078 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/SOMA-ENTERPRISECASFIN-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557079\" 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=\"557079\">\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\/06\/egypts-private-sector-is-responding-to-rising-inflation-by-buying-a-lot\/\">\r\n                            Egypt\u2019s private sector is responding to rising inflation by buying. A lot.                        <\/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\/06\/egypts-private-sector-is-responding-to-rising-inflation-by-buying-a-lot\/\" 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\/06\/egypts-private-sector-is-responding-to-rising-inflation-by-buying-a-lot\/')\">\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\/06\/egypts-private-sector-is-responding-to-rising-inflation-by-buying-a-lot\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s private sector is responding to rising inflation by buying. A lot.&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/egypts-private-sector-is-responding-to-rising-inflation-by-buying-a-lot\/\">\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\/06\/egypts-private-sector-is-responding-to-rising-inflation-by-buying-a-lot\/&title=Egypt\u2019s private sector is responding to rising inflation by buying. A lot.\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+private+sector+is+responding+to+rising+inflation+by+buying.+A+lot.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Fegypts-private-sector-is-responding-to-rising-inflation-by-buying-a-lot%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\/06\/egypts-private-sector-is-responding-to-rising-inflation-by-buying-a-lot\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/71.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557080\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/egypts-private-sector-is-responding-to-rising-inflation-by-buying-a-lot\/71-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/71.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"71.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/71.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/71.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557079\" class=\"content-area-description single-story post-557079 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-employment tag-enterpriseam tag-inflation tag-pmi wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt\u2019s non<\/strong><strong>-oil private sector shrank again in August, but at a slower pace than<\/strong> <strong>in <\/strong><strong>July:<\/strong> Business activity in Egypt\u2019s non-oil private sector contracted for the ninth straight month in August \u2014 but a record surge in corporate spending and a pick-up in demand softened the decline, according to IHS Markit\u2019s <a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/d3109fec98c44cc8b341316f69d5a854\">Purchasing Managers\u2019 Index (pdf)<\/a><sup><\/sup>. The index rose to 49.8 in August, up slightly from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffb6b2f7-0a5e-4036-8db6-772102e0057e\">49.1 in July<\/a>, but still below the 50 mark that separates contraction from expansion.<\/p>\n<p><strong>This was the first time purchasing activity expanded in nine months<\/strong> and grew at its quickest pace since the survey began in April 2011, IHS Markit said.<\/p>\n<p><strong>Output and new orders rose for only the second time since December<\/strong>, indicating that businesses are continuing to rebound from the pandemic, the report said. Both metrics remained above their long-run averages for the fourth consecutive month, suggesting that the private sector is in a \u201csecond phase of recovery,\u201d said IHS Markit economist David Owen.<\/p>\n<p><strong>Fuelling the buying spree: A fear of inflation.<\/strong> Input cost inflation rose to its highest level in two years, leading purchasing managers to rush to build up stock in August ahead of an anticipated further price surge. Businesses pointed to the rise in commodities such as metals, plastics and timber \u2014 as well as anticipated shortages due to pandemic-induced supply chain disruptions \u2014 as factors affecting the uptick. Supply chain pressures also weighed on inventories, which saw a decrease for the first time in three months as firms leveraged their existing stocks in order to boost output.<\/p>\n<p><strong>Which led to a rise in end prices for consumers:<\/strong> A rise in transport costs and customs fees also led to a markup in prices that were passed on to end-consumers, as firms sought to improve margins.<\/p>\n<p><strong>Employment increased for the second month running, <\/strong>with survey participants attributing the growth in part to an increase in tourism and a rebound in market activity.<\/p>\n<p><strong>But growth rates were marginal<\/strong>, with all three indices hovering below the 50 mark and remaining in contraction territory, though more than half of firms surveyed expressed strong optimism that the growth would be sustained over the coming year.<\/p>\n<p><strong>The latest PMI figures got attention in the foreign press:<\/strong> <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypt-pmi-inches-closer-growth-purchasing-increases-2021-09-05\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-05\/egypt-businesses-boost-buying-amid-global-inflation-worries?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>.<\/p>\n<p><strong>ELSEWHERE IN THE REGION- Saudi Arabia\u2019s <\/strong><strong><a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/2c30d08a26924f12afbdac6259dd2208\">PMI reading (pdf)<\/a><\/strong> <strong>dro<\/strong><strong>p<\/strong><strong>ped <\/strong><strong>for the second<\/strong> <strong>month running in August<\/strong>, recording 54.1 in August from 55.8 in July \u2014 the slowest growth recorded in five months. Businesses forecast subdued future output, leading to negligible growth and a slow-down in the pace of new stock purchases.<\/p>\n<p><strong>The UAE\u2019s non-oil private sector saw a <\/strong><strong>decline <\/strong><strong>in its growth rate<\/strong>, with a <a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/f33a0d3c561949c88b5c82fb23443a16\">PMI reading (pdf)<\/a> of 53.8 in August, down from 54.0 in July. Though business activity in the UAE expanded at its fastest rate since July 2019, new covid variants cast a shadow of uncertainty over future demand. But businesses remain optimistic that Dubai\u2019s Expo 2020 could provide the country with an investment boost.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/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=\"557081\" 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=\"557081\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/can-egypt-weather-a-taper-tantrum-2-0\/\">\r\n                            Can Egypt weather a taper tantrum 2.0?                        <\/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\/06\/can-egypt-weather-a-taper-tantrum-2-0\/\" 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\/06\/can-egypt-weather-a-taper-tantrum-2-0\/')\">\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\/06\/can-egypt-weather-a-taper-tantrum-2-0\/\">\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=Can Egypt weather a taper tantrum 2.0?&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/can-egypt-weather-a-taper-tantrum-2-0\/\">\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\/06\/can-egypt-weather-a-taper-tantrum-2-0\/&title=Can Egypt weather a taper tantrum 2.0?\">\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=Can+Egypt+weather+a+taper+tantrum+2.0%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Fcan-egypt-weather-a-taper-tantrum-2-0%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\/06\/can-egypt-weather-a-taper-tantrum-2-0\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/72.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557082\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/can-egypt-weather-a-taper-tantrum-2-0\/72-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/72.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"72.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/72.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/72.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557081\" class=\"content-area-description single-story post-557081 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-bonds tag-carry-trade tag-central-bank-of-egypt tag-economy tag-enterpriseam tag-interest-rates tag-investment-watch tag-policy tag-sp-global-ratings 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>Egypt\u2019s world-beating real interest rate will help it weather an uptick in global rates<\/strong>, but the country faces some risk from capital outflows unless it acts to reduce its debt costs, S&P Global Ratings said in a report yesterday<sup><\/sup>. Despite enjoying the highest real interest rate in the world, a rise in rates in the developed world could leave Egypt vulnerable to outflows if markets seen offering relatively lower risk start hiking rates.<\/p>\n<p><strong>Taper tantrum 2.0: <\/strong>We could be at risk of outflows if the Federal Reserve starts to unwind its bond-buying programme sooner than expected. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f94df2bf-50fa-4cb1-9373-873ad31fdddd\">Statements<\/a> by Fed head Jerome Powell last month signalled that the central bank could begin rolling back its program as early as this year, which would be followed by an uptick in interest rates, potentially putting some pressure on the EGP carry trade. But a poor US jobs report out at the end of last week has pundits saying the Fed could wait a while longer.<\/p>\n<p><strong>Our high interest rates will help stem the tide:<\/strong> \u201cCompared with some other emerging markets, we think <strong>Egypt may fare somewhat better in the event of US interest rate hikes<\/strong>, mainly due to high real interest rate,\u201d Gupta wrote, citing the high returns, foreign reserve accumulation and the USD exchange rate, which has seen slight gains for the EGP. Egypt also has <strong>stronger policy credibility than other EMs<\/strong> and it\u2019s positive growth outlook also counts in its favor.<\/p>\n<p><strong>Egypt has a sizable foreign reserves stockpile, which should help it avoid serious capital outflows<\/strong>. We have managed to recoup more than half of the almost USD 10 bn deployed in response to the initial wave of the pandemic last year, last month reaching nearly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4dd0f5f-c932-473f-99c4-e708cdbe9cb7\">USD 40.6 bn<\/a>. Reserves eased close to USD 35 bn during the peak of the covid-19-induced global pullback from emerging markets.<\/p>\n<p><strong>S&P is concerned about the possible impact of a sustained pullback in tourism: <\/strong>\u201cWe could see elevated balance-of-payment risks for Egypt if there were a sharp withdrawal of funds while current account receipts remained weak owing to pandemic-related damage to tourism and export receipts,\u201d Gupta wrote. \u201cThis could result in a substantial decline in foreign exchange reserves and reduce Egypt\u2019s ability to service its debt.\u201d<\/p>\n<p><strong>Egypt\u2019s high real rates are both a blessing\u2026 <\/strong>One of the key policy goals of the Central Bank of Egypt has been to maintain high real interest rates, which has enabled it to attract bns of USD in portfolio inflows and stockpile foreign reserves. Portfolio investment has been an important source of hard currency for Egypt since the onset of the pandemic, which caused tourism receipts to tank and heavily disrupted export and Suez Canal revenues.<\/p>\n<p><strong>\u2026and a challenge:<\/strong> Egypt\u2019s rates means that it currently has one of the highest debt service burdens among countries with B+ ratings and lower, while its interest payments as a proportion of GDP are among the highest in the world.<\/p>\n<p><strong>The government is working to lower its debt costs<\/strong>, embarking on a debt reduction strategy that includes decreasing reliance on short-term debt in favour of longer-term debt, and diversifying its funding sources to include <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94498ea7-0305-484a-9bac-6085ffdec1ca\">eurobonds<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32c7b2cc-95aa-4cb6-962f-496eade1e38d\">sovereign sukuk<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d1b54d5-5efa-41c9-ac8b-728b105b2ef0\">green bonds<\/a>. The addition of passive flows via the inclusion in the new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b180946d-ee6d-4bca-a997-bdcf0c56256a\">FTSE Russell bond index<\/a>, and the possible addition of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea858526-5700-49cf-9a6c-4bb9a7b54d2a\">JPMorgan index<\/a> later this year will lower volatility.<\/p>\n<p><strong>Egypt could help bring down yields by increasing confidence in the economy:<\/strong> Investors will likely reduce the interest they demand on sovereign debt should the government deliver strong economic performance and policy credibility, Gupta wrote. This would allow the government to reduce its debt servicing costs without jeopardizing capital inflows.<\/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\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carry-trade\/\">carry trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/policy\/\">policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sp-global-ratings\/\">S&amp;P Global Ratings<\/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=\"557083\" 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=\"557083\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/557083\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557083\" class=\"content-area-description single-story post-557083 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\n<p class=\"web-image\"><a href=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/bupa-infographics-womens-health-mobile-EN-v6-01.png?ssl=1\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/bupa-enterprise-teaser-Infographic-1600-EN-.png?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557084\" 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=\"557084\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/elsewedy-electric-subsidiary-signs-epc-contract-in-ghana\/\">\r\n                            Elsewedy Electric subsidiary signs EPC contract in Ghana                        <\/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\/06\/elsewedy-electric-subsidiary-signs-epc-contract-in-ghana\/\" 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\/06\/elsewedy-electric-subsidiary-signs-epc-contract-in-ghana\/')\">\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\/06\/elsewedy-electric-subsidiary-signs-epc-contract-in-ghana\/\">\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=Elsewedy Electric subsidiary signs EPC contract in Ghana&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/elsewedy-electric-subsidiary-signs-epc-contract-in-ghana\/\">\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\/06\/elsewedy-electric-subsidiary-signs-epc-contract-in-ghana\/&title=Elsewedy Electric subsidiary signs EPC contract in Ghana\">\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=Elsewedy+Electric+subsidiary+signs+EPC+contract+in+Ghana+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Felsewedy-electric-subsidiary-signs-epc-contract-in-ghana%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\/06\/elsewedy-electric-subsidiary-signs-epc-contract-in-ghana\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/75.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557085\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/elsewedy-electric-subsidiary-signs-epc-contract-in-ghana\/75-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/75.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"75.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/75.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/75.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557084\" class=\"content-area-description single-story post-557084 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-elsewedy-electric tag-enterpriseam tag-ghana tag-infrastructure 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>Elsewedy returns to Ghana:<\/strong> Elsewedy Electric for Transmission and Distribution of Energy signed a USD 16.7 mn EPC contract to build a substation for Ghana\u2019s state-owned electricity company, it said in a <a href=\"https:\/\/ent.news\/2021\/9\/El-Sewedy-Electric-English.pdf\">bourse<\/a><a href=\"https:\/\/ent.news\/2021\/9\/El-Sewedy-Electric-English.pdf\">filing<\/a><a href=\"https:\/\/ent.news\/2021\/9\/El-Sewedy-Electric-English.pdf\">(pdf)<\/a> last week. The company will be responsible for the design, supply and installation of the entire project, which it will deliver within a two-year period, it said.<\/p>\n<p><strong>Elsewedy Electric has been increasing its international footprint in recent months<\/strong>, earlier this year <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59b30537-c789-4c00-803e-ddd0deea56ef\">acquiring<\/a> two power transformers companies in Pakistan and Indonesia. The company, as part of a joint venture with Arab Contractors, is also <a href=\"https:\/\/www.elsewedyelectric.com\/en\/business-lines\/engineering-construction\/power-generation\/hydropower-energy\/\">working to execute<\/a> the Julius Nyerere Hydropower Project in Tanzania. Earlier this year, the Elsewedy\u2019s Transmission and Distribution of Energy subsidiary also signed a <a href=\"https:\/\/www.elsewedyelectric.com\/en\/news-room\/connecting-boubyan-island-area-in-kuwait\/\">USD 53.2 mn contract<\/a> with the Kuwaiti Electricity and Water Ministry to supply and install overhead transmission lines.<\/p>\n<p><strong>IN OTHER INFRASTRUCTURE NEWS<\/strong><\/p>\n<p><strong>State-owned, EGX-listed <\/strong><strong>Alexandria Container and Cargo Handling Company signed a <\/strong><strong>two-year contract with<\/strong><strong> the <\/strong><strong>French shipping company, CMA CGM<\/strong>, under which the company will anchor its ships on the holding company\u2019s berths, according to a <a href=\"https:\/\/ent.news\/2021\/9\/Press-release-CMA-CGM.pdf\">statement (pdf)<\/a>.<\/p>\n<p><strong>The news comes as Egypt has been working on upping its port infrastructure in efforts to attract more <\/strong><strong>business with shipping companies. <\/strong>Gharably Integrated Engineering Company (GIECO) is set to receive an EGP 12 bn loan to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9788a530-8979-48c3-b7a0-c641ec22a9db\">develop Alexandria\u2019s Abu Qir port<\/a>, while earlier this summer the UAE\u2019s National Marine Dredging Company was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b0607c6-e9cc-4af1-8495-f7d131a1630f\">awarded<\/a> a AED 290 mn contract for dredging work at Damietta Port to deepen the port\u2019s basins and sea lanes.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ghana\/\">Ghana<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557086\" 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=\"557086\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/\">\r\n                            4 Egyptian startups secure USD 125k seed funding                        <\/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\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/\" 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\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/')\">\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\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/\">\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=4 Egyptian startups secure USD 125k seed funding&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/\">\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\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/&title=4 Egyptian startups secure USD 125k seed funding\">\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=4+Egyptian+startups+secure+USD+125k+seed+funding+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2F4-egyptian-startups-secure-usd-125k-seed-funding%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\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/76.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557087\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/4-egyptian-startups-secure-usd-125k-seed-funding\/76-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/76.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"76.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/76.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/76.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557086\" class=\"content-area-description single-story post-557086 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-didi tag-enterpriseam tag-mena tag-morocco tag-startup-watch tag-startups tag-y-combinator 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>Four Egyptian startups secured USD 125k each in seed funding by US accelerator<\/strong> <strong><a href=\"https:\/\/www.ycombinator.com\/\">Y Combinator<\/a><\/strong>, <a href=\"https:\/\/magnitt.com\/news\/mena-based-startups-125k-seed-52854\">Magnitt<\/a> reports. The funding came either following the companies closing pre-seed rounds, or as boosters to companies that are looking to expand and complete acquisitions.<\/p>\n<p><strong>The startups: <\/strong>The Egyptian startups include Cairo-based delivery service <a href=\"https:\/\/shipblu.com\/\">ShipBlu<\/a>, ins. marketplace <a href=\"https:\/\/www.amenli.com\/\">Amenli<\/a>, SaaS startup <a href=\"https:\/\/pylonump.com\/\">Pylon<\/a> and online auto-marketplace <a href=\"https:\/\/www.odiggo.com.eg\/\">Odiggo<\/a>, which had secured <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/967b83f3-412b-4d4c-8170-950dfcf95128\">USD 2.2 mn<\/a> in seed financing from Y Combinator just last month. An additional two startups from Morocco, the B2B e-commerce platform for FMCG products, <a href=\"https:\/\/www.chari.ma\/\">Chari<\/a>, and supply-chain platform <a href=\"https:\/\/www.freterium.com\/\">Freterium<\/a> also received funding.<\/p>\n<p><strong>The funding came as part of <\/strong><strong>Y Combinator\u2019s<\/strong> <strong>second cycle of the year, which took place from June to August. <\/strong>The company runs two annual funding cycles over a period of three months, during which startup founders meet with partners and present their project to a group of investors. The seed accelerator company then takes small stakes in many of the startups. This year\u2019s summer batch included 377 startups from 47 countries, with a <a href=\"https:\/\/www.facebook.com\/YCombinator\/posts\/10158736075444107?__tn__=-R\">record of 15 African<\/a>companies.<\/p>\n<p><strong>Over the first half of the year Egyptian startups <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/39a79643-d62d-4e57-b59e-19d1050a83a2\">landed USD 194 mn<\/a><\/strong><strong> in venture capital finance<\/strong>, which represented 26% of all MENA fundraising during the half. The 194 mn figure was led by a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/85f214d3-40dd-4236-b156-ddf241385e11\">USD 42 mn contribution<\/a> to Egyptian digital trucking platform Trella.<\/p>\n<p><strong>ALSO FROM PLANET STARTUP-<\/strong> <strong>Proptech startup Nawy will launch new rental <\/strong><strong>services by 2022, <\/strong>as part of its plans to expand into the brokerage market, co-founder Mostafa El Beltagy told <a href=\"https:\/\/bit.ly\/3yOOU5n\">Hapi Journal<\/a>. The company\u2019s eventual expansion plans include entering Saudi Arabia, UAE, and South Africa. Nawy <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e8fcedc-3d55-445b-937a-f7bb87bca505\">raised an undisclosed seven-figure seed round<\/a> led by the Sawiris family in July, which it will use to improve its tech and expand its team.<\/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\/didi\/\">Didi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/y-combinator\/\">Y Combinator<\/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=\"557088\" 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=\"557088\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/vacsera-to-increase-vaccine-production-on-wednesday\/\">\r\n                            Vacsera to increase vaccine production on Wednesday                        <\/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\/06\/vacsera-to-increase-vaccine-production-on-wednesday\/\" 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\/06\/vacsera-to-increase-vaccine-production-on-wednesday\/')\">\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\/06\/vacsera-to-increase-vaccine-production-on-wednesday\/\">\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=Vacsera to increase vaccine production on Wednesday&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/vacsera-to-increase-vaccine-production-on-wednesday\/\">\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\/06\/vacsera-to-increase-vaccine-production-on-wednesday\/&title=Vacsera to increase vaccine production on Wednesday\">\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=Vacsera+to+increase+vaccine+production+on+Wednesday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Fvacsera-to-increase-vaccine-production-on-wednesday%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\/06\/vacsera-to-increase-vaccine-production-on-wednesday\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557088\" class=\"content-area-description single-story post-557088 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-moderna tag-pfizer tag-sinovac tag-vaccines tag-vacsera 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>Vacsera production to go up a gear on Wednesday:<\/strong> State-owned vaccine-maker Vacsera will ramp up production of Sinovac shots to 300k per day from Wednesday, health ministry spokesperson Khaled Megahed told El Hekaya\u2019s Amr Adib (watch, runtime:<a href=\"https:\/\/www.youtube.com\/watch?v=xDANCneqMhM\">3:38<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=wFdqN5Ct9k8\">2:20<\/a>).<\/p>\n<p><strong>By our maths this would give Vacsera a monthly production capacity of some 9 mn <\/strong><strong>doses. <\/strong>The company eventually expects to raise capacity to produce <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41c4d9d1-17d6-4e13-acbf-5c5e86c69725\">15-18.5 mn doses each month<\/a> after the opening of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba538c22-ee5c-4492-a658-fe6f2301cfec\">its new facility in Sixth of October<\/a> in November.<\/p>\n<p><strong>More vaccine shipments coming:<\/strong> The first shipment of Moderna vaccines should arrive in the country in the coming four days, Megahed said last night, without disclosing how many shots would be delivered. The following week some 3.2 mn doses of the Pfizer shot are set to arrive on 16 September, he said.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/153921293585760\">reported<\/a><\/strong><strong> 343 new covid-19 infections yesterday<\/strong>, up from 331 the day before. Egypt has now disclosed a total of 290,027 confirmed cases of covid-19. The ministry also reported 13 new deaths, bringing the country\u2019s total death toll to 16,789.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moderna\/\">Moderna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinovac\/\">Sinovac<\/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=\"557089\" 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=\"557089\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/557089\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557089\" class=\"content-area-description single-story post-557089 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-Palm-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557090\" 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=\"557090\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/last-nights-talk-shows-more-local-vaccines-moderna-and-pfizer-arrivals-el-sisis-humanitarian-convoy-and-the-personal-status-law\/\">\r\n                            Last Night\u2019s Talk Shows: More local vaccines, Moderna and Pfizer arrivals, El-Sisi\u2019s humanitarian convoy and the personal status law                        <\/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\/06\/last-nights-talk-shows-more-local-vaccines-moderna-and-pfizer-arrivals-el-sisis-humanitarian-convoy-and-the-personal-status-law\/\" 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\/06\/last-nights-talk-shows-more-local-vaccines-moderna-and-pfizer-arrivals-el-sisis-humanitarian-convoy-and-the-personal-status-law\/')\">\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\/06\/last-nights-talk-shows-more-local-vaccines-moderna-and-pfizer-arrivals-el-sisis-humanitarian-convoy-and-the-personal-status-law\/\">\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=Last Night\u2019s Talk Shows: More local vaccines, Moderna and Pfizer arrivals, El-Sisi\u2019s humanitarian convoy and the personal status law&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/last-nights-talk-shows-more-local-vaccines-moderna-and-pfizer-arrivals-el-sisis-humanitarian-convoy-and-the-personal-status-law\/\">\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\/06\/last-nights-talk-shows-more-local-vaccines-moderna-and-pfizer-arrivals-el-sisis-humanitarian-convoy-and-the-personal-status-law\/&title=Last Night\u2019s Talk Shows: More local vaccines, Moderna and Pfizer arrivals, El-Sisi\u2019s humanitarian convoy and the personal status law\">\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=Last+Night%E2%80%99s+Talk+Shows%3A+More+local+vaccines%2C+Moderna+and+Pfizer+arrivals%2C+El-Sisi%E2%80%99s+humanitarian+convoy+and+the+personal+status+law+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Flast-nights-talk-shows-more-local-vaccines-moderna-and-pfizer-arrivals-el-sisis-humanitarian-convoy-and-the-personal-status-law%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\/06\/last-nights-talk-shows-more-local-vaccines-moderna-and-pfizer-arrivals-el-sisis-humanitarian-convoy-and-the-personal-status-law\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557090\" class=\"content-area-description single-story post-557090 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-enterpriseam tag-justice-ministry tag-last-nights-talk-shows tag-personal-status-act tag-tarek-amer wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The big story on the airwaves last night:<\/strong> Health Ministry spokesperson Khaled Megahed dropped into El Hekaya to provide updates on all things vaccine. Check out this morning\u2019s Covid Watch section for the details.<\/p>\n<p><strong>CBE governor Tarek Amer was all over the airwaves<\/strong> after he was named one of Global Finance Magazine\u2019s 1<sup><\/sup>0 best central bank governors in the world in 2021. Ala Mas\u2019ouleety (<a href=\"https:\/\/www.facebook.com\/watch\/?v=1065750950899132\">watch, runtime: 5:01<\/a>), Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=2mgEuYGlXZM\">watch, runtime: 2:22<\/a>), Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=S0ujf9eQonM\">watch, runtime: 1:32<\/a>) and Hadith El Qahera (<a href=\"https:\/\/www.youtube.com\/watch?v=zKwPssonjFI\">watch, runtime 1:40<\/a>) all had coverage of the story.<\/p>\n<p><strong>Also getting attention:<\/strong> Everyone and their mother had coverage of the Tahya Misr aid convoy that\u2019s set to distribute goods to 5 mn Egyptian families around the country. El Hekaya (<a href=\"https:\/\/www.youtube.com\/watch?v=Tuu_tCSuwko\">watch, runtime: 2:10<\/a>), Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=cN42VnUaeYQ\">watch, runtime: 1:11<\/a>), Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=ofaI7-KgTys\">watch, runtime: 6:53<\/a>) and Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=sBoNGgUOfVk\">watch, runtime: 2:10<\/a>) all had the details.<\/p>\n<p>On another note, Kelma Akhira\u2019s Lamees El Hadidi spotlighted <strong>the personal status law for <\/strong><strong>non-Muslims<\/strong> that was recently approved by the cabinet. El Hadidi discussed the new law in a phone call with Andrea Zaki, president of Egypt\u2019s Protestant community, who said that the law was currently with the justice ministry and that a decision has been made to send it on to the parliament (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=oCYEDS_9h1I\">10:32<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=26i8cVwS1W4\">2:44<\/a>). He added that churches had participated in drafting the law through expansive talks with the justice ministry, adding that 90% of churches are in agreement with it. Zaki said that the controversial articles relate to marriage, divorce and annulment, adding that the justice ministry had agreed with Egypt\u2019s three Christian denominations that each one would see separate articles on these matters.<\/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\/justice-ministry\/\">justice ministry<\/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\/personal-status-act\/\">Personal Status Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-amer\/\">Tarek Amer<\/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=\"557091\" 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-uxr8mvd\" data-v=\"4\" data-block-id=\"uxr8mvd\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-uxr8mvd-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-uxr8mvd-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-usvdjrg\" data-v=\"4\" data-block-id=\"usvdjrg\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-usvdjrg-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-usvdjrg-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-qe8aojk\" data-v=\"4\" data-block-id=\"qe8aojk\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-qe8aojk-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-qe8aojk-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-uqvkwh9\" data-v=\"4\" data-block-id=\"uqvkwh9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-uqvkwh9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-uqvkwh9-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557092\" 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=\"557092\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/crickets\/\">\r\n                            *Crickets*                        <\/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\/06\/crickets\/\" 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\/06\/crickets\/')\">\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\/06\/crickets\/\">\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=*Crickets*&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/crickets\/\">\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\/06\/crickets\/&title=*Crickets*\">\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=%2ACrickets%2A+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Fcrickets%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\/06\/crickets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557092\" class=\"content-area-description single-story post-557092 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-media wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>*Crickets*:<\/strong> Egypt is nowhere on the radar of the international press this morning.<\/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\/media\/\">media<\/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=\"557093\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557094\" 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=\"557094\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/target-trims-stake-in-real-estate-egyptian-consortium\/\">\r\n                            Target trims stake in Real Estate Egyptian Consortium                        <\/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\/06\/target-trims-stake-in-real-estate-egyptian-consortium\/\" 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\/06\/target-trims-stake-in-real-estate-egyptian-consortium\/')\">\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\/06\/target-trims-stake-in-real-estate-egyptian-consortium\/\">\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=Target trims stake in Real Estate Egyptian Consortium&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/target-trims-stake-in-real-estate-egyptian-consortium\/\">\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\/06\/target-trims-stake-in-real-estate-egyptian-consortium\/&title=Target trims stake in Real Estate Egyptian Consortium\">\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=Target+trims+stake+in+Real+Estate+Egyptian+Consortium+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Ftarget-trims-stake-in-real-estate-egyptian-consortium%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\/06\/target-trims-stake-in-real-estate-egyptian-consortium\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557094\" class=\"content-area-description single-story post-557094 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-egx tag-enterpriseam tag-investment-watch tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong><a href=\"https:\/\/target-inv.com\/%5C\">Target Real Estate Investment<\/a><\/strong><strong> has reduced its stake in EGX-listed <\/strong><strong><a href=\"https:\/\/english.mubasher.info\/markets\/EGX\/stocks\/AREH\">Real Estate<\/a><\/strong><strong><a href=\"https:\/\/english.mubasher.info\/markets\/EGX\/stocks\/AREH\">Egyptian Consortium<\/a><\/strong><strong> from 13.2% to 11.5%, <\/strong>selling nearly 6.8 mn shares in the company for around EGP 51.9 mn at an average price of EGP 7.60 per share, according to a bourse <a href=\"https:\/\/ent.news\/2021\/9\/Target-Real-Estate-share-sale.pdf\">disclosure (pdf)<\/a>. The transaction was managed by Arabeya Online, Beltone Securities, Arab African International Securities, and Blom Egypt Securities. Target\u2019s direct and indirect shares in the company now amount to 17.6%.<\/p>\n<p><strong>Target <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/be82ab4e-7907-4433-a99a-02a353d6057c\">in April<\/a><\/strong><strong> more than halved its direct stake in the company from 24.5% to 11%<\/strong>, selling 5.3 mn shares to individual investors Aly Abdel Latif Mahgoub and Abdel Latif Mahgoub for EGP 84 mn, before again raising its stake in the company through a number of transactions in the intervening months.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>A EGP 650 mn aid package designed to support 5 mn families nationwide <\/strong><strong>was <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/217622037074891\">launched<\/a><\/strong> by Prime Minister Mostafa Madbouly in the new capital yesterday.<\/li>\n<li><strong>At least 12 people were killed and 30 injured when a bus overturned on the <\/strong><strong>Cairo-Suez desert road late on Saturday<\/strong>, <a href=\"https:\/\/apnews.com\/article\/middle-east-africa-business-egypt-b695f4b26491453208d4882ae00ccd3a\">the Associated Press<\/a> reports, citing the state-owned MENA agency. The accident was caused when the bus, which was on its way to Cairo from the coastal resort of Sharm El-Sheikh, hit a concrete barrier.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/egx\/\">EGX<\/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\/real-estate\/\">real estate<\/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=\"557095\" 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=\"557095\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/desperate-for-returns-bond-investors-are-buying-the-junkiest-junk-they-can-find\/\">\r\n                            Desperate for returns, bond investors are buying the junkiest junk they can find                        <\/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\/06\/desperate-for-returns-bond-investors-are-buying-the-junkiest-junk-they-can-find\/\" 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\/06\/desperate-for-returns-bond-investors-are-buying-the-junkiest-junk-they-can-find\/')\">\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\/06\/desperate-for-returns-bond-investors-are-buying-the-junkiest-junk-they-can-find\/\">\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=Desperate for returns, bond investors are buying the junkiest junk they can find&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/desperate-for-returns-bond-investors-are-buying-the-junkiest-junk-they-can-find\/\">\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\/06\/desperate-for-returns-bond-investors-are-buying-the-junkiest-junk-they-can-find\/&title=Desperate for returns, bond investors are buying the junkiest junk they can find\">\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=Desperate+for+returns%2C+bond+investors+are+buying+the+junkiest+junk+they+can+find+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Fdesperate-for-returns-bond-investors-are-buying-the-junkiest-junk-they-can-find%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\/06\/desperate-for-returns-bond-investors-are-buying-the-junkiest-junk-they-can-find\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557095\" class=\"content-area-description single-story post-557095 post type-post status-publish format-standard hentry category-planet-finance tag-aramco tag-bonds tag-energy tag-enterpriseam tag-financial-markets tag-interest-rates tag-opec tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-10\"><\/a> <strong>Ultra-low rates are driving investors hungry for yield into the riskiest types of debt<\/strong>, the <a href=\"https:\/\/www.wsj.com\/articles\/search-for-yield-leads-bond-buyers-to-unrated-debt-11630834201?mod=hp_lead_pos1\">Wall Street Journal<\/a> reports. Faced with paltry returns on most speculative-grade debt and tightening spreads, fund managers are buying into corporate debt with the lowest credit ratings \u2014 and driving yields down even further in the process. Bonds rated triple-C or lower had offered an extra 2.79 percentage points of spread at the start of the year but thanks to the buying spree, this had dropped to a 20-year low of 1.51 percentage points in July.<\/p><p><strong>Aramco slashes Asia crude prices as production ramps up: <\/strong>Saudi Aramco cut October prices for Asia by more than twice the expected amount in a sign that the world\u2019s biggest oil exporter is looking to compete for a greater market share, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-05\/saudis-cut-oil-pricing-for-october-as-opec-adds-crude-supply?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. Arab Light crude, the company\u2019s main oil grade, has been discounted by USD 1.30 a barrel to a premium of USD 1.70 more than the regional benchmark. With Brent crude up 40% this year and OPEC+ <a href=\"https:\/\/www.reuters.com\/business\/energy\/opec-raises-2022-oil-demand-growth-forecast-2021-09-01\/\">last week deciding<\/a> to add another 400k bbl\/d to the market in October, Aramco seems to be taking a more aggressive line on pricing as it fights to export as many barrels as possible before domestic demand likely drops off in the fall.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,096<\/p>\n<\/td>\n<td>\n<p>-1.8% (YTD: +2.3%)<\/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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,335<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +30.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>7,636<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +51.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,913<\/p>\n<\/td>\n<td>\n<p>-% (YTD: +16.9%)<\/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>S&amp;P 50<\/strong><strong>0<\/strong><\/p>\n<\/td>\n<td>\n<p>4,535<\/p>\n<\/td>\n<td>\n<p>-% (YTD: +20.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,138<\/p>\n<\/td>\n<td>\n<p>-0.4% (YTD: +10.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 72.61<\/p>\n<\/td>\n<td>\n<p>-0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 4.71<\/p>\n<\/td>\n<td>\n<p>+1.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,833.70<\/p>\n<\/td>\n<td>\n<p>+1.2%<\/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 51,705<\/p>\n<\/td>\n<td>\n<p>+3.0% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 fell 1.8% at yesterday\u2019s close<\/strong> on turnover of EGP 1.5 bn (0.2% above the 90-day average). Local investors were net sellers. The index is up 2.3% YTD.<\/p><p><strong>In the green:<\/strong> EK Holding (+0.9%), CIRA (+0.2%).<\/p><p><strong>In the red: <\/strong>Egyptian for Tourism Resorts (-11.9%), Orascom Development Egypt (-5.7%) and Pioneers Holding (-4.5%).<\/p><p><strong>Asian markets are mostly in the green in early trading this morning.<\/strong> Futures in Europe suggest markets there will open largely in the red today. US and Canadian markets are closed in observance of Labor Day.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/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\/interest-rates\/\">interest rates<\/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\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557096\" 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=\"557096\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/rumors-circulate-of-egypt-brokered-peace-talks-as-sisi-calls-israeli-president-herzog-on-jewish-new-year\/\">\r\n                            Rumors circulate of Egypt-brokered peace talks as Sisi calls Israeli President Herzog on Jewish New Year                        <\/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\/06\/rumors-circulate-of-egypt-brokered-peace-talks-as-sisi-calls-israeli-president-herzog-on-jewish-new-year\/\" 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\/06\/rumors-circulate-of-egypt-brokered-peace-talks-as-sisi-calls-israeli-president-herzog-on-jewish-new-year\/')\">\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\/06\/rumors-circulate-of-egypt-brokered-peace-talks-as-sisi-calls-israeli-president-herzog-on-jewish-new-year\/\">\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=Rumors circulate of Egypt-brokered peace talks as Sisi calls Israeli President Herzog on Jewish New Year&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/rumors-circulate-of-egypt-brokered-peace-talks-as-sisi-calls-israeli-president-herzog-on-jewish-new-year\/\">\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\/06\/rumors-circulate-of-egypt-brokered-peace-talks-as-sisi-calls-israeli-president-herzog-on-jewish-new-year\/&title=Rumors circulate of Egypt-brokered peace talks as Sisi calls Israeli President Herzog on Jewish New Year\">\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=Rumors+circulate+of+Egypt-brokered+peace+talks+as+Sisi+calls+Israeli+President+Herzog+on+Jewish+New+Year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Frumors-circulate-of-egypt-brokered-peace-talks-as-sisi-calls-israeli-president-herzog-on-jewish-new-year%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\/06\/rumors-circulate-of-egypt-brokered-peace-talks-as-sisi-calls-israeli-president-herzog-on-jewish-new-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557096\" class=\"content-area-description single-story post-557096 post type-post status-publish format-standard hentry category-diplomacy tag-abdel-fattah-el-sisi tag-diplomacy tag-enterpriseam tag-israel tag-jordan tag-palestine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi called has Israeli counterpart, Isaac Herzog<\/strong>, on Sunday evening to congratulate him on becoming the president and wish him a happy Rosh Hashanah, according to an <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/394365502052184\">Ittihadiya statement<\/a>. Herzog told El Sisi that he appreciated Egypt\u2019s role in helping to achieve peace and stability in the region, while the two also discussed efforts to resume Israeli-Palestininan peace talks.<\/p>\n<p><strong>Rosh Hashanah is the Jewish new year<\/strong> and is observed this year from yesterday evening through Wednesday evening. Shanah tovah to readers who are observing.<\/p>\n<p><strong>The call comes amid reports that El Sisi is preparing a new roadmap to restart Israel-Palestine peace talks.<\/strong> Israeli, Palestinian, American, European and Arab representatives will soon visit Egypt to discuss restarting peace talks, <a href=\"https:\/\/www.timesofisrael.com\/sissi-calls-herzog-as-cairo-said-pushing-for-renewed-israel-palestinian-talks\/\">the Times of Israel<\/a> <a href=\"https:\/\/www.timesofisrael.com\/sissi-calls-herzog-as-cairo-said-pushing-for-renewed-israel-palestinian-talks\/\">reports<\/a> on the basis of a story from a London-based outlet <sup><\/sup>that cites \u201chigh-ranking\u201d Arab officials. The sources claim that Egyptian intelligence officials have been working on an initiative with European and Arab allies, and will unveil the proposal in the coming weeks.<\/p>\n<p><strong>Israeli PM is expected in Cairo soon:<\/strong> Naftali Bennett could soon become the first Israeli PM to make an official visit to Egypt in more than a decade after El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/377675bd-85de-4e19-9705-84668f9baeb7\">extended an invite<\/a> last month.<\/p>\n<p><strong>Egypt, PA, Jordan call for end to Israeli obstruction:<\/strong> Palestinian Authority president Mahmoud Abbas and Jordan\u2019s King Abdullah II last week joined El Sisi for a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/709ecf8d-31dd-4c6d-9750-391493d225b5\">trilateral summit<\/a> in Cairo, where the three accused Israel of trying to undermine the possibility of a two-state solution, and reaffirmed their commitment to a Palestinian state based on June 1967 borders.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/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=\"557097\" 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=\"557097\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/uae-to-woo-intl-talent-with-new-relaxed-residency-rules\/\">\r\n                            UAE to woo intl talent with new, relaxed residency rules                        <\/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\/06\/uae-to-woo-intl-talent-with-new-relaxed-residency-rules\/\" 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\/06\/uae-to-woo-intl-talent-with-new-relaxed-residency-rules\/')\">\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\/06\/uae-to-woo-intl-talent-with-new-relaxed-residency-rules\/\">\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=UAE to woo intl talent with new, relaxed residency rules&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/uae-to-woo-intl-talent-with-new-relaxed-residency-rules\/\">\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\/06\/uae-to-woo-intl-talent-with-new-relaxed-residency-rules\/&title=UAE to woo intl talent with new, relaxed residency rules\">\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=UAE+to+woo+intl+talent+with+new%2C+relaxed+residency+rules+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F06%2Fuae-to-woo-intl-talent-with-new-relaxed-residency-rules%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\/06\/uae-to-woo-intl-talent-with-new-relaxed-residency-rules\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557097\" class=\"content-area-description single-story post-557097 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-enterpriseam tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The UA<\/strong><strong>E is loosening residency rules to attract international talent to the country<\/strong> and has announced a new \u201cgreen\u201d visa that will remove the requirement for expats to be sponsored by an Emirati employer, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-05\/uae-introduces-new-residency-guidelines-to-attract-foreigners?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> and <a href=\"https:\/\/www.ft.com\/content\/d68ff456-b8eb-4724-8494-a84dd32b95fb\">the Financial Times<\/a> report. The changes will also allow individuals who lose their jobs to remain in the country for 180 days, as part of post-covid measures to retain wealthy residents, many of whom had to leave during after pandemic induced lockdowns and job cuts last year.<\/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\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"557098\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">12<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/expanding-private-schools-outside-of-cairo-is-tough-so-how-are-school-operators-doing-it\/\">\r\n                            Expanding private schools outside of Cairo is tough. So how are school operators doing it?<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/expanding-private-schools-outside-of-cairo-is-tough-so-how-are-school-operators-doing-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\/blackboards\/expanding-private-schools-outside-of-cairo-is-tough-so-how-are-school-operators-doing-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\/blackboards\/expanding-private-schools-outside-of-cairo-is-tough-so-how-are-school-operators-doing-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=Expanding private schools outside of Cairo is tough. So how are school operators doing it?&url=https:\/\/enterpriseam.com\/egypt\/blackboards\/expanding-private-schools-outside-of-cairo-is-tough-so-how-are-school-operators-doing-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\/blackboards\/expanding-private-schools-outside-of-cairo-is-tough-so-how-are-school-operators-doing-it\/&title=Expanding private schools outside of Cairo is tough. So how are school operators doing 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=Expanding+private+schools+outside+of+Cairo+is+tough.+So+how+are+school+operators+doing+it%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fblackboards%2Fexpanding-private-schools-outside-of-cairo-is-tough-so-how-are-school-operators-doing-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>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/expanding-private-schools-outside-of-cairo-is-tough-so-how-are-school-operators-doing-it\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/78.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"557099\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/expanding-private-schools-outside-of-cairo-is-tough-so-how-are-school-operators-doing-it\/78-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/78.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"78.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/78.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/78.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-557098\" class=\"content-area-description post-557098 blackboard type-blackboard status-publish has-post-thumbnail hentry tag-ahmed-el-bakry tag-balanced-education tag-cira-education tag-eduhive tag-enterprise-blackboard tag-enterpriseam tag-karim-mostafa tag-mahmoud-hamza tag-mohamed-el-kalla tag-salma-el-bakry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a><strong> Given the challenges of private school expansion beyond Cairo, why and how are <\/strong><strong>school operators doing it? <\/strong>Egypt\u2019s demand for private school education is soaring, with K-12 private school enrollment growing at <a href=\"https:\/\/enterprise.press\/blackboards\/private-sector-education-positioned-grow-egypt-spur-part-1\/\">almost double the rate<\/a> of public school enrollment. But private school expansion is heavily Cairo-focused. High land costs, low earning power, and the challenge of assessing demand means expansion in the governorates just isn\u2019t worth the effort for many operators, sources told us <a href=\"https:\/\/enterprise.press\/blackboards\/why-arent-private-schools-expanding-outside-of-cairo\/\">last month<\/a>.<\/p>\n<p><strong>But some operators say there\u2019s a strong business case to expand into the governorates:<\/strong> Huge demand, low competition, and the chance to develop Egypt\u2019s education system are great reasons to expand in the governorates, they believe. Cost-effective expansion is possible through targeted service provision and acquiring reasonably-priced land, they say. It could accelerate massively if the government provided land at no cost, through public-private partnerships, they argue.<\/p>\n<p><strong>This pool is pretty small, though.<\/strong> For <a href=\"https:\/\/cairoinvest-ir.com\/\">CIRA<\/a> and its subsidiary <a href=\"https:\/\/eduhive.com\/\">Eduhive<\/a>, expansion beyond Cairo is a key strategic priority. By 2023, it will have over 25k seats in Upper Egypt alone at K-12 schools and higher education establishments, says CIRA CEO Mohamed El Kalla. And <a href=\"https:\/\/www.facebook.com\/BalancEDorg\/\">BalancED Education<\/a> is eyeing country-wide expansion, chairman Ahmed El Bakry <a href=\"https:\/\/enterprise.press\/blackboards\/enterprise-talks-balanced-investment-challenges-growing-schools-business-outside-cairo\/\">previously told Enterprise<\/a>. It\u2019s investing EGP 1.2 bn over three years to increase its portfolio of schools from the one it has now to a targeted 4-6.<\/p>\n<p><strong>So why do it if it\u2019s hard? There\u2019s substantial and growing demand:<\/strong> Expanding in the governorates means entering markets whose rapidly growing populations are underserved, says El Kalla. \u201cYou\u2019re tapping markets at high demand points. You just have to be creative in how you respond to that demand. It can\u2019t be a brick-and-mortar approach.\u201d<\/p>\n<p><strong>Private school operators coming from Cairo have a competitive edge: <\/strong>Operators that successfully launched schools in Cairo\u2019s fast-paced market are a step ahead of local operators, says Eduhive CEO Karim Mostafa. Competition in the governorates is far lower than in Cairo, and operators coming from the capital have the knowledge and resources to be tough competitors, he adds.<\/p>\n<p><strong>So how can expansion be cost-effective? By tailoring services by region: <\/strong>When CIRA assesses demand, it calculates how to deliver high-quality services needed in a particular location, and parents\u2019 ability to pay for these services, says El Kalla. Some 20% of Cairo\u2019s population might want so-called upper-middle class services, but this isn\u2019t the case in the governorates. So operators need to tailor their service provision, he adds. \u201cEvery single element of your education supply chain \u2014 from the choice of land, to school construction, to the educational content and delivery cycle \u2014 needs to match the local dynamics of the community.\u201d<\/p>\n<p><strong>This could mean allocating more resources to teacher training, and less to construction:<\/strong> While private schools in the governorates don\u2019t need expensive buildings to attract students \u2014 as schools in Cairo do \u2014 more investment in content and education delivery may be needed, says El Kalla. Teachers in the governorates may need extra training, while students may need more remedial programs to be on a par with their Cairo peers, he says. Teacher training in the governorates is essential, but quite straightforward, believes BalancED Education managing director Salma El Bakry.<\/p>\n<p><strong>To assess which services are needed where, and at which price point, CIRA groups different locations in clusters.<\/strong> Locations are clustered according to their economic activity, resource availability, and growth prospects, says El Kalla. This could mean categorizing governorates based on their most prominent industries or the spending habits of their citizens, he adds. Clusters aren\u2019t determined by geographical location. \u201cA look at the poverty matrix and human development reports shows that it\u2019s not about geography. We sometimes have Assiut and Mansoura in the same cluster.\u201d<\/p>\n<p><strong>It uses this information to create brands: <\/strong>CIRA\u2019s <a href=\"https:\/\/cairoinvest-ir.com\/en\/k-12-brands\">different brands<\/a> provide services based on the needs of the clusters, says El Kalla. \u201cEduhive, <a href=\"https:\/\/web.facebook.com\/EduSystemsInternational\/?_rdc=1&_rdr\">ESI<\/a>, Rising Stars \u2014 each focuses on educational clusters. They aren\u2019t bound by geography.\u201d<\/p>\n<p><strong>Another way to cover the cost of governorate expansion would be for schools to expand in groups, sharing CAPEX costs,<\/strong> Ahmed El Bakry previously told us.<\/p>\n<p><strong>But the land cost issue must still be resolved for expansion to be attractive: <\/strong>\u201cAs an operator, you don\u2019t want to burden yourself with high land costs,\u201d says Mostafa. \u201cYou have to be very careful with the price of land you choose.\u201d<\/p>\n<p><strong>One approach? Selecting lower-priced land in the government\u2019s new urban cities:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da6ea134-a158-49e6-a05b-87bef013d8ce\">CIRA launched<\/a> the Regent British School in New Mansoura because costs in the new urban cities are much lower than elsewhere, says Mostafa. \u201cApartments in Mansoura cost more than apartments in Cairo, so to open a school there would be very expensive. Going to the new cities like New Assiut and New Alamein is a smart way to turn around the high price of land in the governorates.\u201d<\/p>\n<p><strong>Prices in landlocked governorates remain outrageously expensive,<\/strong> say Salma El Bakry and BalancED Education executive manager Mahmoud Hamza. Locations that don\u2019t have a desert background can\u2019t expand to become new cities, meaning that land is scarce and very expensive, they add.<\/p>\n<p><strong>Widespread land provision to school operators at no cost, under the Education Ministry\u2019s <\/strong><strong><a href=\"https:\/\/enterprise.press\/blackboards\/blackboard-4\/\">public-private partnership program<\/a><\/strong><strong>, would be a better solution, sources argue. <\/strong>The government should provide land for school expansion without charge, so operators could build and operate schools at a reasonable price for residents \u2014 likely ranging from EGP 30k-60k depending on the governorate, says Salma El Bakry. \u201cExcluding the price of the land is very important in the business formula.\u201d<\/p>\n<p><strong>The problem with the current PPP process is that it\u2019s too long and bureaucratic,<\/strong> says El Kalla. The only way education PPPs can work for now is with publicly-owned institutions, like public banks, he believes. \u201cThey operate with a private sector mindset.\u201d<\/p>\n<p><strong>For now, a comprehensive PPP mechanism offering land to education providers at no cost doesn\u2019t seem to be on the cards:<\/strong> \u201cIf government-owned land was going to be offered at a reduced rate or for nothing under a PPP framework, I\u2019d be the first to sign up,\u201d says Mostafa. \u201cBut I don't feel that's really on the table.\u201d<\/p>\n<hr class=\"grey-line\">\n<p><strong>YOUR TOP EDUCATION STORIES for the week:<\/strong><\/p>\n<ul>\n<li><strong>The fourth wave could disrupt back-to-school dates: <\/strong>Starting-dates for the new school year could be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/76a76da5-3ce0-4633-a371-a423db4e795d\">considered for review<\/a> by the government, which is expected to ramp up preventative measures in the coming days as case numbers rise.<\/li>\n<li><strong>All education staff will get at least one vaccine dose by mid-September, <\/strong>and are expected to have received two doses by mid-October, Health Minister Hala Zayed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35947044-4cee-422c-8fc7-f3427e01bef8\">said<\/a> in a cabinet meeting on Wednesday.<\/li>\n<li><strong>Egyptian universities are among the fastest improving higher education <\/strong><strong>institutions in the world<\/strong>, the Higher Education Ministry has <a href=\"https:\/\/bit.ly\/3n4vQ0S\">claimed<\/a>, citing newly-released Times Higher Education (THE) rankings for 2021. This year\u2019s list saw the inclusion of 23 Egyptian higher-ed institutions, which on average climbed 11 positions in the table compared with last year.<\/li>\n<li><strong>CIRA has <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d550fd23-a8d8-42b7-bff1-e0954a225e07\">teamed up<\/a><\/strong><strong> with ed-tech start-up Orcas to launch a new hybrid tutoring <\/strong><strong>scheme, <\/strong>which will see Orca\u2019s online learning platform collaborate with CIRA\u2019s 21-strong schools network to offer after-school support to students.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-el-bakry\/\">Ahmed El Bakry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/balanced-education\/\">BalancED Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eduhive\/\">Eduhive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/karim-mostafa\/\">Karim Mostafa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mahmoud-hamza\/\">Mahmoud Hamza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-el-kalla\/\">Mohamed El Kalla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/salma-el-bakry\/\">Salma El Bakry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"557100\" 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\/06\/your-essential-business-calendar-on-6-september-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557100\" class=\"content-area-description single-story post-557100 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>5-12 September (Sunday-Sunday): <a href=\"https:\/\/alolabor.org\/20527\/\">Arab Labor Conference<\/a>, the InterContinental CityStars Hotel, Cairo, Egypt.<\/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\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":557076,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-557075","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f244552d-9f91-4515-94cd-eb198bea2cb1","teaser":"","photo_url":"https:\/\/ent.news\/2021\/9\/69.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>Private sector activity contracts in August despite surge in purchasing activity - 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\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private sector activity contracts in August despite surge in purchasing activity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T01:32:57+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\/69.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\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/\",\"name\":\"Private sector activity contracts in August despite surge in purchasing activity - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/69.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-09-06T04:00:17+00:00\",\"dateModified\":\"2025-12-16T01:32:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/69.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/69.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Private sector activity contracts in August despite surge in purchasing activity\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Private sector activity contracts in August despite surge in purchasing activity - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/","og_locale":"en_US","og_type":"article","og_title":"Private sector activity contracts in August despite surge in purchasing activity","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T01:32:57+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/69.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/","name":"Private sector activity contracts in August despite surge in purchasing activity - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/69.jpg?fit=%2C&ssl=1","datePublished":"2021-09-06T04:00:17+00:00","dateModified":"2025-12-16T01:32:57+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/69.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/69.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-activity-contracts-in-august-despite-surge-in-purchasing-activity\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Private sector activity contracts in August despite surge in purchasing activity"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557075\/revisions"}],"predecessor-version":[{"id":557110,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557075\/revisions\/557110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557076"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}