{"id":557146,"date":"2021-09-08T04:00:27","date_gmt":"2021-09-08T04:00:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=557146"},"modified":"2025-12-16T01:34:35","modified_gmt":"2025-12-16T01:34:35","slug":"e-finance-to-ipo-next-month-could-offer-10-stake","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/","title":{"rendered":"E-Finance to IPO next month, could offer 10% stake"},"content":{"rendered":"<section id=\"557148\" 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=\"557148\">\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\/08\/this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc\/\">\r\n                            THIS MORNING: More conferences start today; Longer EGX sessions coming? Egypt-Turkey wrap today; El Salvador crashes BTC.                        <\/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\/08\/this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc\/\" 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\/08\/this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc\/')\">\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\/08\/this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc\/\">\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: More conferences start today; Longer EGX sessions coming? Egypt-Turkey wrap today; El Salvador crashes BTC.&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc\/\">\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\/08\/this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc\/&title=THIS MORNING: More conferences start today; Longer EGX sessions coming? Egypt-Turkey wrap today; El Salvador crashes BTC.\">\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+More+conferences+start+today%3B+Longer+EGX+sessions+coming%3F+Egypt-Turkey+wrap+today%3B+El+Salvador+crashes+BTC.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Fthis-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc%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\/08\/this-morning-more-conferences-start-today-longer-egx-sessions-coming-egypt-turkey-wrap-today-el-salvador-crashes-btc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557148\" class=\"content-area-description single-story post-557148 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-afghanistan tag-ahmed-kouchouk tag-cryptocurrency tag-diplomacy tag-eastern-mediterranean tag-egx tag-el-salvador tag-enterpriseam tag-finance-ministry tag-green-bonds tag-politics tag-taliban tag-turkey 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, friends, and welcome to a particularly busy Wednesday<\/strong>, packed with news about a long-awaited IPO, fresh investment, green bonds and the wellbeing of women employees.<\/p><p><strong>Need more proof the summer slowdown is officially over? <\/strong>It\u2019s been at leat a month and a half since our What\u2019s Happening Today section (below) was as packed as it is this morning.<\/p><p><strong>T<\/strong><strong>HE BIG STORY ABROAD this morning:<\/strong> The Wall Street Journal isn\u2019t feeling that \u201cnew season, back-to-school\u201d vibe, writing that <strong>the \u201c<\/strong><strong><a href=\"https:\/\/www.wsj.com\/articles\/delta-variant-covid-us-economy-jobs-spending-fall-september-slowdown-school-11631027856\">US economy faces a slowdown just as it was set to take off<\/a><\/strong>. Covid seems it isn\u2019t yet done with the world\u2019s largest economy, and US stocks sank yesterday as a result. We have chapter and verse in this morning\u2019s Planet Finance, below.<\/p><p><strong>ALSO: <\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/india\/taliban-fire-air-scatter-kabul-protesters-no-reports-injuries-2021-09-07\/\">The Taliban have named a government<\/a><\/strong><strong>.<\/strong> It\u2019s about as progressive as you might expect. Everyone from <a href=\"https:\/\/www.reuters.com\/world\/india\/taliban-fire-air-scatter-kabul-protesters-no-reports-injuries-2021-09-07\/\">Reuters<\/a> and <a href=\"https:\/\/apnews.com\/article\/middle-east-pakistan-afghanistan-arrests-islamabad-d50b1b490d27d32eb20cc11b77c12c87\">the AP<\/a> to the <a href=\"https:\/\/www.wsj.com\/articles\/taliban-crack-down-on-protest-led-by-women-in-kabul-11631014019?mod=hp_lead_pos1\">WSJ<\/a>, the <a href=\"https:\/\/www.nytimes.com\/live\/2021\/09\/07\/world\/afghanistan-news\">New York Times<\/a> and the <a href=\"https:\/\/www.bbc.com\/news\/world-asia-58479750\">BBC<\/a> have the news.<\/p><p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>EGX trading sessions might be getting (slightly) longer<\/strong> \u2014 at least if <a href=\"https:\/\/bit.ly\/38LWX8D\">Al Mal<\/a> is to be believed. The newspaper reported last night that the Financial Regulatory Authority is considering making the trading day 30 minutes longer by opening the market at 9:30am instead of 10, and closing at 2:30pm.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>The two-day <\/strong><strong><a href=\"https:\/\/www.moic.gov.eg\/en-US\/Sectors\/Index?na=6664\">Egypt-International Cooperation Forum (ICF)<\/a><\/strong><strong> kicks off today at the Nile <\/strong><strong>Ritz-Carlton in Cairo.<\/strong> Hosted by the International Cooperation Ministry, the conference will bring together representatives from African and Arab governments, leading Egyptian and international businesses and banks, multilateral lenders, and international institutions including the UN, World Bank, OECD to discuss international development issues such as climate change and the pandemic. Check out the agenda <a href=\"https:\/\/www.moic.gov.eg\/getattachment\/914f7d1d-22bf-41d2-8949-57f54d343423\/full-agenda.pdf\">here (pdf)<\/a><\/p><p><strong>On the sidelines:<\/strong> Foreign Minister Sameh Shoukry will hold talks with his counterparts from South Sudan and Namibia as well as the head of the UN agency responsible for Palestinian refugees, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=07092021&amp;id=7251d84c-a3e8-46d1-812a-a131f197b5f6\">Al-Shorouk<\/a>.<\/p><p><strong>The <\/strong><strong><a href=\"https:\/\/bit.ly\/3l0GeDU\">GlobalCapital Sustainable and Responsible Capital Markets Forum 2021<\/a><\/strong><strong> wraps today. <\/strong>The two-day virtual event yesterday hosted Vice Minister of Finance Ahmed Kouchouk for a panel session on green bonds.<\/p><p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>Egypt wants to start holding green bond sales more frequently<\/strong>, Kouchouck said during the session, according to <a href=\"https:\/\/www.reuters.com\/article\/idUSL8N2Q94AE\">Reuters<\/a>. Egypt held the first sovereign green bond issuance in the MENA region last September, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d1b54d5-5efa-41c9-ac8b-728b105b2ef0\">raising USD 750 mn<\/a> from investors to channel into green projects.<\/p><p><strong>Day two of the <\/strong><strong><a href=\"https:\/\/www.egyhealthexpo.com\/\">Egy Health Expo<\/a><\/strong><strong> starts today<\/strong> at the Al Manara International Conference Center. The conference wraps up tomorrow.<\/p><p><strong>It\u2019s day four 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 are participating in the gathering.<\/p><p><strong>Talks between Egypt and Turkey wrap up in Ankara later today <\/strong>as the two attempt to mend a near-decade-long rift. If things go well, <a href=\"https:\/\/apnews.com\/article\/middle-east-africa-egypt-libya-europe-00c073dae7686f1561acb90385c2a37d\">the next step<\/a> could be a reinstatement of ambassadors: \u201cIf we decide together after the meetings, we will take the necessary mutual steps to appoint an ambassador,\u201d Turkish Foreign Minister Mevlut Cavusoglu told Turkish state TV yesterday. Egypt\u2019s Foreign Ministry has not spoken publicly on the talks since they began yesterday.<\/p><p><strong>The move comes amid attempts by Turkey to mend bridges in the region<\/strong>, embarking on talks with long-time rivals the UAE and Saudi Arabia in recent months. The Turkish FM also floated the possibility of an eastern Mediterranean maritime agreement with Egypt, calling for a multilateral summit to reconcile territorial disputes in the region.<\/p><p><strong>LATER THIS WEEK AND NEXT-<\/strong><\/p><p><strong>EFG Hermes\u2019 fourth Virtual Investor Conference <\/strong>runs 13-21 September with the theme of \u201cAfter Reflation - FEMs in 2022.\u201d<\/p><p><strong>AmCham event:<\/strong> Environment Minister Yasmine Fouad will give a speech on strategies for generating green, private sector-led growth at AmCham\u2019s virtual monthly event on Monday, 13 September. <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-registration\/1385\">Register here<\/a>.<\/p><p><strong>ALSO:<\/strong><\/p><ul>\n<li><strong>Inflation<\/strong> data for August will be out at the end of this week.<\/li>\n<li><strong>New school year: <\/strong>International schools begin the 2021-2022 academic year on Sunday, 12 September.<\/li>\n<li><strong>Sahara Expo:<\/strong> The four-day agricultural conference, the <a href=\"https:\/\/www.saharaexpo.com\/en\/home.html\">Sahara Expo<\/a>, will start on Sunday at the Egypt International Exhibition Center.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt will meet to review interest rates on Thursday, 16 September.<\/li>\n<\/ul><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><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>*** IN CASE YOU MISSED IT-<\/strong><\/p><ul>\n<li><strong>More listings for ADX: <\/strong>UAE company ADQ <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e75f8e9e-d4c3-4c72-9506-873a9f420f76\">plans<\/a> to list Abu Dhabi Ports on Abu Dhabi\u2019s ADX before the end of the year.<\/li>\n<li><strong>Public Investment Fund <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e75f8e9e-d4c3-4c72-9506-873a9f420f76\">buys<\/a><\/strong> <strong>shares from Zain:<\/strong> Saudi Arabia\u2019s Public Investment Fund made a USD 484 mn bid to buy a 60% stake in Zain Saudi Arabia\u2019s towers infrastructure.<\/li>\n<li><strong>Meet our analyst of the week - <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/495d3566-8fc7-4bf3-9dfb-5e6537d5c468\">Yara El Kahky<\/a><\/strong>, economist and capital markets analyst at Banque Misr\u2019s Market Intelligence Unit.<\/li>\n<\/ul><p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a><strong> MORNING MUST READ- El Salvador became the first country yesterday to adopt <\/strong><strong>BTC <\/strong><strong>as legal tender alongside the USD.<\/strong> The country <a href=\"https:\/\/www.cnbc.com\/2021\/09\/07\/el-salvador-buys-400-bitcoin-ahead-of-law-making-it-legal-currency.html\">bought USD 20.9 mn<\/a> worth of bitcoin a day ahead of the new currency\u2019s rollout Tuesday, bringing its total holdings to 400 BTC, which can be used to make purchases nationwide, or exchanged for its equivalent in USD as of yesterday. But the rollout has already hit a minor <a href=\"https:\/\/www.reuters.com\/business\/finance\/el-salvador-leads-world-into-cryptocurrency-bitcoin-legal-tender-2021-09-07\/\">snag<\/a> yesterday when the government was forced to temporarily shut down its digital wallet, which was unable to cope with the surge in demand for the cryptocurrency.<\/p><p><strong>And then crypto crashed: <\/strong>The price of BTC plunged more than 17% to USD 43k and Ethereum lost 12% during trading yesterday as crypto exchanges saw delays and trading platforms suffered outages, <a href=\"https:\/\/www.reuters.com\/technology\/cryptocurrencies-selloff-widens-bitcoin-down-nearly-4-ether-6-2021-09-07\/\">Reuters<\/a> reports.<\/p><p><strong>We\u2019ll have more<\/strong> on what the daring move might mean for the country, and whether other developing nations could follow suit, in this afternoon\u2019s <strong>EnterprisePM.<\/strong><\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, to social infrastructure such as health and education.<\/p><p><strong>In today\u2019s issue: <\/strong>We spotlight Egypt\u2019s strategy to transition its broadband infrastructure from copper cables and wires to fiber optics, beginning with the 2012 EGP 37 bn plan. We look at how far we\u2019ve come towards that transition, what the obstacles are to that, and why, despite all the effort done, are our internet speeds still falling short.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/afghanistan\/\">Afghanistan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-kouchouk\/\">Ahmed Kouchouk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/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\/eastern-mediterranean\/\">Eastern Mediterranean<\/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\/el-salvador\/\">El Salvador<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taliban\/\">Taliban<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"557149\" 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=\"557149\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/557149\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557149\" class=\"content-area-description single-story post-557149 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\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=\"557150\" 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=\"557150\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/e-finance-to-ipo-next-month-could-offer-10\/\">\r\n                            E-Finance to IPO next month, could offer 10%                        <\/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\/08\/e-finance-to-ipo-next-month-could-offer-10\/\" 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\/08\/e-finance-to-ipo-next-month-could-offer-10\/')\">\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\/08\/e-finance-to-ipo-next-month-could-offer-10\/\">\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=E-Finance to IPO next month, could offer 10%&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/e-finance-to-ipo-next-month-could-offer-10\/\">\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\/08\/e-finance-to-ipo-next-month-could-offer-10\/&title=E-Finance to IPO next month, could offer 10%\">\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=E-Finance+to+IPO+next+month%2C+could+offer+10%25+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Fe-finance-to-ipo-next-month-could-offer-10%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\/08\/e-finance-to-ipo-next-month-could-offer-10\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/100.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557151\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/e-finance-to-ipo-next-month-could-offer-10\/100-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/100.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"100.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/100.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/100.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557150\" class=\"content-area-description single-story post-557150 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-e-finance tag-egx tag-enterpriseam tag-fintech tag-ipo-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>E-Finance\u2019s long awaited IPO could hit the market as soon as next month<\/strong>, unnamed government sources told <a href=\"https:\/\/ent.news\/2021\/9\/Tuesday-07-Sep-2021-issue-2646.pdf\">Al Borsa (pdf)<\/a>. T<sup><\/sup>he state-owned e-payments company could offer around 10% for sale, according to the report said, though this is subject to change, the report says. The government\u2019s IPO committee is expected to meet this month to consider the final stake to be put on offer.<\/p>\n<p><strong>The company\u2019s IPO has been a long time coming: <\/strong>E-finance has been eying the EGX <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/09\/egypt-gears-up-to-bring-e-finance-ipo-bdc-stake-sale-to-market-in-1q2020-8002\/\">since 2019<\/a>, when it first expressed its intention to IPO during 1Q2020. Its market debut was then postponed to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d12f629a-4a0c-47e0-8286-84e15c079439\">April 2020<\/a>, which was in turn derailed by the pandemic. In late 2020, the government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5fe0d80-d23b-4f30-b0cc-8aa46f60fff9\">pushed<\/a> the company\u2019s listing to the first quarter of 2021, and then <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61105818-f5d8-4b85-9804-34f34ed309cf\">the second quarter<\/a>.<\/p>\n<p><strong>E-Finance\u2019s IPO is one of five or six EGX debuts we were <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da9fe7d5-87d0-47a8-862e-64973f50d038\">told to expect<\/a><\/strong><strong> this year<\/strong> by EGX Chairman Mohamed Farid after a number of companies that were planning to list last year either postponed or cancelled their listings due to the pandemic. This year the EGX has already seen an IPO by education outfit <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/efe90c27-9d82-4363-b78d-b70a052f2cd7\">Taaleem<\/a>, as well as a technical listing by LSE-listed healthcare player <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48ddada3-0016-47a8-a9e6-201cb9d0cca7\">IDH<\/a>. Ebtikar\u2019s share sale is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2288438-1757-4a28-b7a4-8060a362753b\">expected to take place in 4Q2021<\/a>. Meanwhile, cosmeceutical giant Macro Group is looking to pull the trigger on its IPO in the fall after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75b46198-eeb9-4f78-81cf-25219caf31c2\">postponing it in April<\/a>.<\/p>\n<p><strong>Advisors: Renaissance Capital<\/strong>, <strong>CI Capital<\/strong> and <strong>Al Ahly Pharos<\/strong> are quarterbacking the transaction as joint coordinators and joint bookrunners. <strong>NI Capital<\/strong> is acting as the government consultant for the listing. Zaki Hashem & Partners were previously reported to have been retained as legal advisors. Inktank is investor relations advisor.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/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\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557152\" 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=\"557152\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/cairn-energy-expects-to-finalize-shell-egypt-acquisition-by-end-of-september\/\">\r\n                            Cairn Energy expects to finalize Shell Egypt acquisition by end of September                        <\/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\/08\/cairn-energy-expects-to-finalize-shell-egypt-acquisition-by-end-of-september\/\" 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\/08\/cairn-energy-expects-to-finalize-shell-egypt-acquisition-by-end-of-september\/')\">\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\/08\/cairn-energy-expects-to-finalize-shell-egypt-acquisition-by-end-of-september\/\">\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=Cairn Energy expects to finalize Shell Egypt acquisition by end of September&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/cairn-energy-expects-to-finalize-shell-egypt-acquisition-by-end-of-september\/\">\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\/08\/cairn-energy-expects-to-finalize-shell-egypt-acquisition-by-end-of-september\/&title=Cairn Energy expects to finalize Shell Egypt acquisition by end of September\">\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=Cairn+Energy+expects+to+finalize+Shell+Egypt+acquisition+by+end+of+September+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Fcairn-energy-expects-to-finalize-shell-egypt-acquisition-by-end-of-september%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\/08\/cairn-energy-expects-to-finalize-shell-egypt-acquisition-by-end-of-september\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/102.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557153\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/cairn-energy-expects-to-finalize-shell-egypt-acquisition-by-end-of-september\/102-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/102.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"102.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/102.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/102.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557152\" class=\"content-area-description single-story post-557152 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-cairn-energy tag-enterpriseam tag-ma-watch tag-oil-and-gas tag-shell 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>Cairn, Cheiron could replace Shell in the Western Desert before the month is out:<\/strong> Cairn Energy and partner Cheiron expect to finalize its takeover of Shell Egypt\u2019s onshore oil and gas assets by the end of September, Cairn <a href=\"https:\/\/ent.news\/2021\/9\/cairn-half-year-report.pdf\">said yesterday (pdf)<\/a>. The joint acquisition, which will see the assets split 50-50 between the UK-listed company and leading Egyptian independent player Cheiron Petroleum, is \u201cadvancing to completion\u201d and should be complete before the end of the third quarter, the company said in its earnings release.<\/p>\n<p><strong>Shell <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/31bffded-092f-4f4c-9755-e585392cd8f6\">announced in March<\/a><\/strong><strong> it had agreed to sell its onshore portfolio to Cairn and Cheiron in a transaction that could be worth up to USD 926 mn.<\/strong> The companies will initially pay USD 646 mn for the assets, but a further USD 280 mn could be added between 2021 and 2024 depending on oil prices and exploration efforts. The portfolio includes 13 onshore concessions and Shell\u2019s stake in Badr El-Din Petroleum (Bapetco) \u2014 a joint venture company established with the state-owned Egyptian General Petroleum Corporation.<\/p>\n<p><strong>The final hurdle:<\/strong> Cairn is waiting on approval from the Oil <sup><\/sup>Ministry t<sup><\/sup>o move forward, according to a statement seen by <a href=\"https:\/\/www.asharqbusiness.com\/article\/24392\/%D9%85%D9%82%D8%A7%D8%A8%D9%84-926-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%83%D9%8A%D8%B1%D9%86-%D8%A5%D9%86%D8%B1%D8%AC%D9%8A-%D8%AA%D8%AA%D9%88%D9%82%D8%B9-%D8%A5%D8%AA%D9%85%D8%A7%D9%85-%D8%B5%D9%81%D9%82%D8%A9-%D8%B4%D9%84-%D9%85%D8%B5%D8%B1-%D9%82%D8%A8%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%B3%D8%A8%D8%AA%D9%85%D8%A8%D8%B1\">Asharq<\/a>.<\/p>\n<p><strong>Cairn plans to ramp up investment in the first half of 2022 <\/strong>after closing the acquisition, it said in the statement. There is \u201csignificant short-cycle potential\u201d for further exploration and the company is planning to drill 10 wells and three \u201cseismic acquisition programmes,\u201d it said.<\/p>\n<p><strong>The company is funding the acquisition with a mixture of cash and debt:<\/strong> Cairn will borrow USD 181 mn across two loans and issue new shares worth USD 121 mn, according to the statement seen by Asharq. The remainder will be funded via existing cash balances, according to the report.<\/p>\n<p><strong>Cairn is playing up the strong financial feasibility of the takeover<\/strong>, pointing out that a USD 30 per-barrel price would see it break even on its investment, while Brent is currently trading above the USD 70 mark.<\/p>\n<p><strong>But some are questioning the transaction<\/strong>, pointing out that Shell had agreed to sell gas to the Egyptian government at a fixed price, meaning Cairn and Cheiron will not be able to capitalize on the recent surge in global gas prices. \u201cLonger-term interest [in Cairn] depends upon investors\u2019 appetite for [fixed price] Egyptian oil and gas and fossil fuels in general,\u201d an analyst at RBC Capital Markets told <a href=\"https:\/\/www.ft.com\/content\/b4257bc5-e70e-49a7-bd52-bdc3deef81a2\">the Financial Times<\/a>.<\/p>\n<p><strong>Advisors:<\/strong> Rothschild & Co and Gaffney Cline & Associates acted as advisors on the acquisition.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cairn-energy\/\">Cairn Energy<\/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\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shell\/\">Shell<\/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=\"557154\" 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=\"557154\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/ifc-to-support-bci-holding-with-usd-30-mn-loan\/\">\r\n                            IFC to support BCI Holding with USD 30 mn loan                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/ifc-to-support-bci-holding-with-usd-30-mn-loan\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/ifc-to-support-bci-holding-with-usd-30-mn-loan\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/ifc-to-support-bci-holding-with-usd-30-mn-loan\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=IFC to support BCI Holding with USD 30 mn loan&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/ifc-to-support-bci-holding-with-usd-30-mn-loan\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/ifc-to-support-bci-holding-with-usd-30-mn-loan\/&title=IFC to support BCI Holding with USD 30 mn loan\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=IFC+to+support+BCI+Holding+with+USD+30+mn+loan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Fifc-to-support-bci-holding-with-usd-30-mn-loan%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/ifc-to-support-bci-holding-with-usd-30-mn-loan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/104.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557155\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/ifc-to-support-bci-holding-with-usd-30-mn-loan\/104-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/104.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"104.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/104.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/104.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557154\" class=\"content-area-description single-story post-557154 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-algeria tag-enterpriseam tag-international-finance-corporation tag-investment-watch tag-manufacturing tag-nigeria 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>Plastics raw material manufacturer<\/strong> <strong><a href=\"https:\/\/www.bciholding.com\/\">BCI Holding<\/a><\/strong><strong> will expand its production facility <\/strong><strong>in Egypt <\/strong>through a USD 30 mn loan from the International Finance Corporation (IFC), which will also be used to establish new facilities in Algeria and Nigeria, the IFC announced in a <a href=\"https:\/\/ent.news\/2021\/9\/IFC-Invests-in-BCI-Holding.pdf\">press release (pdf)<\/a>. The statement does not say how much of the funding is earmarked for Egypt.<\/p>\n<p><strong>BCI Holding says it wants to create greener, circular economy systems<\/strong> using a technology that recycles scrap polyester into insulating materials. It also plans to use the funds to develop regional supply chains for polyurethane, which is used in the production packaging, footwear, and other purposes.<\/p>\n<p><strong>The company is a manufacturer and distributor of polyurethane raw materials<\/strong>, used in the production of plastics. BCI Holding has production facilities in Egypt, the UAE, Turkey and Italy, with distribution facilities in Algeria and Lebanon.<\/p>\n<p><strong>Other chemical production companies are looking to make Egypt their regional hub: <\/strong>Earlier this year, North American adhesive manufacturing company HB Fuller <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/407f8e8a-f106-4240-ad8f-e291fdec9038\">announced<\/a> that it would be setting up a facility in Cairo and using Egypt as its \u201dgateway\u201d to the region.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-finance-corporation\/\">International Finance Corporation<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nigeria\/\">Nigeria<\/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=\"557156\" 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=\"557156\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/557156\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557156\" class=\"content-area-description single-story post-557156 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<p><strong>Women employees feel their wellbeing is supported in the workplace following the negative impact of covid-19<\/strong>, our survey in association with Bupa indicated. Many women leave the workplace due to issues surrounding their health, but covid-19 has brought women\u2019s health and wellbeing into even sharper focus. While many of our respondents believe their workplaces foster positive environments to support employee wellbeing, many of them agree that there is room for improvement.<\/p>\n<p>While a few of them say that the lines between work and home are blurred, those that strive to prioritize their professional successes admit that many factors continue to impact their mental health with regards to their jobs. Businesses must listen and reshape by making reasonable adjustments that can boost efficiency and satisfaction across their work environments.<\/p>\n<p><strong>Click <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/8\/bupa-infographics-womens-health-mobile-EN-v6-01.png\">here<\/a><\/strong><strong> to access the survey results<\/strong> and understand how women can bring their best to the workplace.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557157\" 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=\"557157\">\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\">Real estate<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/cib-to-offer-mortgage-finance-for-sodic-units\/\">\r\n                            CIB to offer mortgage finance for SODIC units                        <\/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\/08\/cib-to-offer-mortgage-finance-for-sodic-units\/\" 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\/08\/cib-to-offer-mortgage-finance-for-sodic-units\/')\">\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\/08\/cib-to-offer-mortgage-finance-for-sodic-units\/\">\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=CIB to offer mortgage finance for SODIC units&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/cib-to-offer-mortgage-finance-for-sodic-units\/\">\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\/08\/cib-to-offer-mortgage-finance-for-sodic-units\/&title=CIB to offer mortgage finance for SODIC units\">\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=CIB+to+offer+mortgage+finance+for+SODIC+units+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Fcib-to-offer-mortgage-finance-for-sodic-units%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\/08\/cib-to-offer-mortgage-finance-for-sodic-units\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/106.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"557158\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/cib-to-offer-mortgage-finance-for-sodic-units\/106-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/106.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"106.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/106.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/106.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557157\" class=\"content-area-description single-story post-557157 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-cib tag-enterpriseam tag-mortgage-finance tag-real-estate tag-sodic 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>CIB will now offer financing options with up to 20-year terms to home <\/strong><strong>buyers <\/strong>purchasing property at <strong>SODIC-owned real estate developments<\/strong>, the upmarket real estate developer said in a <a href=\"https:\/\/ent.news\/2021\/9\/SODIC-CIB-Ink-Mortgage-Finance-Protocol-En.doc.pdf\">press release (pdf<\/a>). Under the cooperation protocol signed earlier this week, SODIC clients will be able to purchase ready-for-delivery homes with mortgage finance from CIB. Existing home owners offering their units for resale through the company platform will also be able to offer extended payment options to potential buyers.<\/p>\n<p><strong>Private sector players have been active in the real estate lending space this year:<\/strong> Contact Financial Holding and real estate marketplace Sakneen also joined forces <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b389205-5282-4d47-b93a-13d8a30d62ff\">earlier this year<\/a> to offer a one-stop-shop for people searching for new homes and mortgage finance through 10-year loans of up to EGP 3 mn to Sakneen clients.<\/p>\n<p><strong>And the CBE is giving mortgage finance a leg up as well: <\/strong>The Central Bank of Egypt (CBE) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4250ebc9-8475-4870-a563-a456f694e7f6\">launched<\/a> its EGP 100 bn mortgage finance initiative for low- and middle-income earners this year which offers 30-year mortgages with a subsidized 3% interest rate for qualified home buyers. Under the program low-income buyers are required to pay a 10% down payment and can access financing for homes worth up to EGP 350k, while middle-income households would need to pay 15% for homes worth up to EGP 1.1 mn and 20% for homes valued at EGP 1.1 mn to EGP 1.4 mn. The initiative is expected to benefit 220k families, and cost some EGP 120 bn over 30 years.<\/p>\n<p><strong>The mortgage financing market has more than <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cbfc6d40-2a79-4972-a8c7-45a79ecdae6f\">doubled to EGP 3.4 bn<\/a><\/strong><strong> since 2017<\/strong>, driven by subsidized CBE lending initiatives in recent years, which has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8d024c4e-b8e6-4f20-b6df-b5117a7521c6\">twice expanded<\/a> upon an initial EGP 50 bn mortgage financing program for middle-income housing between 2014 and 2019 that offered homeowners long-term loans at a 5-7% interest rate. Real estate financing from private sector entities in 1H2021 grew to a total of EGP 3.1 bn, up from EGP 1.12 bn during the same period in the previous year, according to <a href=\"https:\/\/ent.news\/2021\/9\/FRA-Monthly-Data-June-2021-3-1.pdf\">an FRA report (pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mortgage-finance\/\">mortgage finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/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=\"557159\" 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=\"557159\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/elsewedy-snags-eetc-egp-1-15-bn-contract-to-build-3-electricity-substations\/\">\r\n                            Elsewedy snags EETC EGP 1.15 bn contract to build 3 electricity substations                        <\/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\/08\/elsewedy-snags-eetc-egp-1-15-bn-contract-to-build-3-electricity-substations\/\" 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\/08\/elsewedy-snags-eetc-egp-1-15-bn-contract-to-build-3-electricity-substations\/')\">\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\/08\/elsewedy-snags-eetc-egp-1-15-bn-contract-to-build-3-electricity-substations\/\">\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 snags EETC EGP 1.15 bn contract to build 3 electricity substations&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/elsewedy-snags-eetc-egp-1-15-bn-contract-to-build-3-electricity-substations\/\">\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\/08\/elsewedy-snags-eetc-egp-1-15-bn-contract-to-build-3-electricity-substations\/&title=Elsewedy snags EETC EGP 1.15 bn contract to build 3 electricity substations\">\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+snags+EETC+EGP+1.15+bn+contract+to+build+3+electricity+substations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Felsewedy-snags-eetc-egp-1-15-bn-contract-to-build-3-electricity-substations%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\/08\/elsewedy-snags-eetc-egp-1-15-bn-contract-to-build-3-electricity-substations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557159\" class=\"content-area-description single-story post-557159 post type-post status-publish format-standard hentry category-infrastructure tag-eetc tag-electricity tag-elsewedy-electric tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Elsewedy Electric has signed two turnkey contracts worth a combined EGP 1.15 <\/strong><strong>bn with the state-owned Egyptian Electricity Transmission Company (EETC) <\/strong>to establish three electricity substations in Central and North Sinai, according to a <a href=\"https:\/\/ent.news\/2021\/9\/Elsewedy-3-transformer-stations-eng.pdf\">bourse<\/a><a href=\"https:\/\/ent.news\/2021\/9\/Elsewedy-3-transformer-stations-eng.pdf\">disclosure (pdf<\/a><a href=\"https:\/\/ent.news\/2021\/9\/Elsewedy-3-transformer-stations-eng.pdf\">)<\/a> yesterday. The first contract, worth EGP 970 mn, will see the company set up two substations while the third will be established under a second, EGP 180 mn contract.<\/p>\n<p><strong>The substations will be up and running within 16 months, <\/strong>the disclosure read, adding that Elsewedy will design, supply and build the projects on a turnkey basis.<\/p>\n<p><strong>Elsewedy won the contracts in a<\/strong><strong> bid round<\/strong><strong> involving a number of local and international companies, <\/strong>Electricity Minister Mohamed Shaker said in <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/219242420246186\">a statement.<\/a> He added that the projects come as part of government efforts to strengthen the electricity grid and improve infrastructure in the Sinai Peninsula.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eetc\/\">EETC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/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=\"557160\" 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=\"557160\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/557160\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557160\" class=\"content-area-description single-story post-557160 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\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=\"557161\" 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=\"557161\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/customs-trade-headline-the-talk-shows-on-8-september-2021\/\">\r\n                            Customs + trade headline the talk shows on 8 September 2021                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/customs-trade-headline-the-talk-shows-on-8-september-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/customs-trade-headline-the-talk-shows-on-8-september-2021\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/customs-trade-headline-the-talk-shows-on-8-september-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Customs + trade headline the talk shows on 8 September 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/customs-trade-headline-the-talk-shows-on-8-september-2021\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/customs-trade-headline-the-talk-shows-on-8-september-2021\/&title=Customs + trade headline the talk shows on 8 September 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Customs+%2B+trade+headline+the+talk+shows+on+8+September+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Fcustoms-trade-headline-the-talk-shows-on-8-september-2021%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/customs-trade-headline-the-talk-shows-on-8-september-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557161\" class=\"content-area-description single-story post-557161 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-customs tag-enterpriseam tag-infrastructure tag-last-nights-talk-shows tag-nafeza tag-trade tag-transport tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Last night\u2019s talk shows focused on President Abdel Fattah El Sisi\u2019s tour of Alexandria <\/strong><strong>Port, <\/strong>during which he inspected development work on a new multi-purpose logistics station, sea docks and storage warehouses, as well as new train carriages and the monorail. Alaa Mas\u2019ouleety (<a href=\"https:\/\/www.facebook.com\/watch\/live\/?v=201149812005191&ref=watch_permalink\">watch, runtime: 13:16<\/a>), Kelma Akhira (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=vGtlVNVm4FI\">3:40<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=_XXovg4nCIA\">4:00<\/a>) and Masaa DMC (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=z7_8G56qg9I\">3:37<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=Di7GIeK-tMI\">22:47<\/a>) all had the story.<\/p>\n<p><strong>Only goods that meet European standards will be allowed to enter the country<\/strong>, El Sisi said, adding that the state has invested bns of EGP in the new automated system for tax and customs procedures. He said that next March would mark the final deadline for the rollout of the new system.<\/p>\n<p><strong>Kelma Akhira\u2019s Lamees El Hadidi invited FinMin advisor Mona Nasser (watch, runtime: <\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=9v5sfQmFc6s\">4:07<\/a><\/strong><strong> | <\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=AYAyrp0lbOI\">11:08<\/a><\/strong><strong>) to explain the details of the new customs system<\/strong> and how it will facilitate imports and exports. She also spoke with Metta Beshay, a member of the importers division in the Federation of Egyptian Chambers of Commerce, on the system\u2019s challenges and the extent to which traders are ready for its implementation (<a href=\"https:\/\/www.youtube.com\/watch?v=BTQ8D9WDC5g\">watch, runtime: 6:21<\/a>).<\/p>\n<p><strong>On the development of Alexandria Port:<\/strong> Alexandria Port Authority Chairman Tarek Shahin spoke with Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=EPzkIajuMDA\">watch, runtime: 9:50<\/a>) on the implementation of the 22 new sea docks, which he said would allow the port to cater to the largest container ships.<\/p>\n<p><strong>Egypt will be a global center for trade and logistics by 2024, <\/strong>Transport Minister Kamel Al Wazir said in an interview on Ala Mas\u2019ouleety (watch, runtime: <a href=\"https:\/\/www.facebook.com\/watch\/live\/?v=239894217922667&ref=watch_permalink\">53:52<\/a> | <a href=\"https:\/\/www.facebook.com\/watch\/?v=587505428927115\">7:17<\/a>), adding that 180 mn tons of goods are currently transported in Egypt every year. He added that the multi-purpose logistics station provided a chance to expand docking capacity at Alexandria Port. <sup><\/sup><\/p>\n<p><strong>The new monorail line will cost an estimated EGP 76 bn, <\/strong>National Authority for Tunnels (NAT) head Assem Waly said in a phone interview with Yahduth Fi Masr\u2019s Sherif Amer (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=gRf-jEG-bk4\">2:45<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=7_rgvrNVeZo\">3:16<\/a>), adding that construction on Cairo \u2018s Metro Line 4 is now 15% complete.<\/p>\n<p><strong>The cost of garbage disposal in Cairo, including collection, transportation and safe disposal, is more than EGP 3 bn annually, <\/strong>Local Development Minister Mahmoud Sharaawy said during an inspection of the city\u2019s garbage disposal companies, ahead of the implementation of contracts with two new firms, Irtiqaa and Enviromaster, to manage the city\u2019s waste. Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=UhdJYksnNK8\">watch, runtime: 2:49<\/a>) and Yahduth Fi Masr (<a href=\"https:\/\/www.youtube.com\/watch?v=BlZSoOHEZiw\">watch, runtime: 2:28<\/a>) had the story.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs\/\">customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/nafeza\/\">Nafeza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/waste-management\/\">waste management<\/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=\"557162\" 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-ziv0qkb\" data-v=\"4\" data-block-id=\"ziv0qkb\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ziv0qkb-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ziv0qkb-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-bkm7dyj\" data-v=\"4\" data-block-id=\"bkm7dyj\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-bkm7dyj-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-bkm7dyj-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-7lvkqpx\" data-v=\"4\" data-block-id=\"7lvkqpx\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-7lvkqpx-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-7lvkqpx-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-h8c7r16\" data-v=\"4\" data-block-id=\"h8c7r16\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-h8c7r16-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-h8c7r16-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=\"557163\" 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=\"557163\">\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\/08\/human-rights-is-everywhere-this-morning\/\">\r\n                            Human rights is everywhere this morning                        <\/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\/08\/human-rights-is-everywhere-this-morning\/\" 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\/08\/human-rights-is-everywhere-this-morning\/')\">\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\/08\/human-rights-is-everywhere-this-morning\/\">\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=Human rights is everywhere this morning&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/human-rights-is-everywhere-this-morning\/\">\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\/08\/human-rights-is-everywhere-this-morning\/&title=Human rights is everywhere this morning\">\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=Human+rights+is+everywhere+this+morning+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Fhuman-rights-is-everywhere-this-morning%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\/08\/human-rights-is-everywhere-this-morning\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557163\" class=\"content-area-description single-story post-557163 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-hossam-bahgat tag-human-rights tag-national-security tag-terrorism tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Human rights is leading coverage in the foreign press this morning, <\/strong>in the wake of a <a href=\"https:\/\/www.hrw.org\/news\/2021\/09\/07\/egypt-shootouts-disguise-apparent-extrajudicial-executions\">Human<\/a><a href=\"https:\/\/www.hrw.org\/news\/2021\/09\/07\/egypt-shootouts-disguise-apparent-extrajudicial-executions\"><\/a><a href=\"https:\/\/www.hrw.org\/news\/2021\/09\/07\/egypt-shootouts-disguise-apparent-extrajudicial-executions\">Rights<\/a><a href=\"https:\/\/www.hrw.org\/news\/2021\/09\/07\/egypt-shootouts-disguise-apparent-extrajudicial-executions\">Watch<\/a> report that is getting play everywhere from the <a href=\"https:\/\/www.bbc.co.uk\/news\/world-middle-east-58475287\">BBC<\/a> to the <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2021\/09\/07\/egypt-human-rights-watch-report-suspicious-killings-by-security-forces\/\">Washington Post<\/a>.<\/p>\n<p><strong>Egypt has postponed the trial of activist Hossam Bahgat for tweeting criticism of<\/strong> <strong>alleged electoral fraud<\/strong>, <a href=\"https:\/\/www.barrons.com\/news\/egypt-tries-prominent-activist-for-critical-elections-tweet-01631003409\">AFP<\/a> reports. The postponement comes after authorities<a href=\"https:\/\/apnews.com\/article\/joe-biden-middle-east-africa-egypt-8af6f700f2de0fea07fa36c28bfc7007\">in July released<\/a> six activists and journalists from pre-trial detention.<\/p>\n<p><strong>On the other side of the human rights debate<\/strong>, an op-ed in <a href=\"https:\/\/thehill.com\/opinion\/international\/571115-democrats-are-abandoning-us-allies-is-egypt-next\">The Hill<\/a> by the former top Pentagon Middle East policy official argues against proposals by some Democratic lawmakers to partially withhold US security funding to Egypt on the basis of alleged human rights violations.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hossam-bahgat\/\">Hossam Bahgat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/terrorism\/\">terrorism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"557164\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557165\" 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=\"557165\">\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\/08\/fawry-shareholders-green-light-plans-to-buy-back-stakes-held-by-cib-banque-misr\/\">\r\n                            Fawry shareholders green-light plans to buy back stakes held by CIB, Banque Misr                        <\/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\/08\/fawry-shareholders-green-light-plans-to-buy-back-stakes-held-by-cib-banque-misr\/\" 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\/08\/fawry-shareholders-green-light-plans-to-buy-back-stakes-held-by-cib-banque-misr\/')\">\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\/08\/fawry-shareholders-green-light-plans-to-buy-back-stakes-held-by-cib-banque-misr\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Fawry shareholders green-light plans to buy back stakes held by CIB, Banque Misr&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/fawry-shareholders-green-light-plans-to-buy-back-stakes-held-by-cib-banque-misr\/\">\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\/08\/fawry-shareholders-green-light-plans-to-buy-back-stakes-held-by-cib-banque-misr\/&title=Fawry shareholders green-light plans to buy back stakes held by CIB, Banque Misr\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Fawry+shareholders+green-light+plans+to+buy+back+stakes+held+by+CIB%2C+Banque+Misr+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Ffawry-shareholders-green-light-plans-to-buy-back-stakes-held-by-cib-banque-misr%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\/08\/fawry-shareholders-green-light-plans-to-buy-back-stakes-held-by-cib-banque-misr\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557165\" class=\"content-area-description single-story post-557165 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-banque-misr tag-cib tag-domty tag-el-nasr-civil-works tag-enterpriseam tag-export-subsidy-fund tag-fawry tag-fawry-plus tag-high-speed-rail tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Fawry\u2019s shareholders greenlit the acquisition of CIB and Banque <\/strong><strong>Misr\u2019s stakes<\/strong><strong> in <\/strong><strong>subsidiary <\/strong><strong>Fawry Plus<\/strong>, the e-payments giant announced in a <a href=\"https:\/\/ent.news\/2021\/9\/Fawry-Plus-Shares.pdf\">bourse filing (pdf)<\/a>. Fawry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/efc0313b-3f9a-4ba8-b719-e4a87a184730\">will buy<\/a> each of the two bank\u2019s 15% stakes in its subsidiary at EGP 1.15 per share, for a total of EGP 16.2 mn per acquisition. The acquisition is still subject to regulatory approval.<\/p>\n<p><strong>Egyp<\/strong><strong>talum has hiked aluminum prices by between EGP 2k and 4.5k per tonne<\/strong> as global prices reach new multi-year highs,, a company spokesperson told <a href=\"https:\/\/bit.ly\/3jP4SrR\">Al Mal<\/a>. A tonne of aluminium will now cost somewhere between EGP 51k to EGP 62k before tax. Global aluminium prices recently reached their <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b89451de-94a8-494c-af21-7fa02e0e0171\">highest level in a decade<\/a> as a swell in post-lockdown demand and rising raw material costs cause inflation to rise. A recent coup in Guinea, of all places, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e75f8e9e-d4c3-4c72-9506-873a9f420f76\">hasn\u2019t helped<\/a>.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>The Cabinet <\/strong>has approved the<strong> executive regulations of the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5207b7b8-2250-409c-8016-5f52c955883b\">export subsidy<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5207b7b8-2250-409c-8016-5f52c955883b\">program<\/a><\/strong>, which came into effect on 1 July for a period of three years, according to <a href=\"https:\/\/ent.news\/2021\/9\/Tuesday-07-Sep-2021-issue-2646-1.pdf\">Al Borsa (pdf)<\/a>.<\/li>\n<li>President Abdel Fattah El Sisi <a href=\"https:\/\/bit.ly\/3jRAk8Z\">ratified<\/a> a law <strong>establishing an endowment fund <\/strong>to channel funds into educational, cultural, social, and healthcare organizations.<\/li>\n<li><strong>General Electric<\/strong> and French cancer-research center <strong>Gustave Roussy<\/strong> will work with the Egyptian Health Ministry to <strong>improve cancer screening<\/strong>, treatment and research in Egypt, after Health Minister Hala Zayed signed <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/154943490150207\">an agreement<\/a> earlier this week during her trip to Paris.<\/li>\n<li><strong>Domty <\/strong>signed two <strong><a href=\"https:\/\/ent.news\/2021\/9\/%D8%AF%D9%88%D9%85%D8%AA%D9%89-%D8%A8%D9%8A%D8%A7%D9%86-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89-07-09-2021.pdf\">contracts<\/a><\/strong><sup><\/sup><strong> worth EUR 2.5 mn <\/strong>with AMF<sup><\/sup><sup><\/sup> to establish a fourth bakery line, its first for the production of croissants.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/domty\/\">Domty<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/el-nasr-civil-works\/\">El Nasr Civil works<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/export-subsidy-fund\/\">export subsidy fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fawry\/\">Fawry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fawry-plus\/\">Fawry Plus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/high-speed-rail\/\">high-speed rail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557166\" 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=\"557166\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/daily-covid-cases-inch-up-again\/\">\r\n                            Daily covid cases inch up again                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/daily-covid-cases-inch-up-again\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/daily-covid-cases-inch-up-again\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/daily-covid-cases-inch-up-again\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Daily covid cases inch up again&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/daily-covid-cases-inch-up-again\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/daily-covid-cases-inch-up-again\/&title=Daily covid cases inch up again\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Daily+covid+cases+inch+up+again+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Fdaily-covid-cases-inch-up-again%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/daily-covid-cases-inch-up-again\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557166\" class=\"content-area-description single-story post-557166 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/155310983446791\">reported<\/a><\/strong><strong> 378 new covid-19 infections yesterday<\/strong>, up from 368 the day before. Egypt has now disclosed a total of 290,773 confirmed cases of covid-19. The ministry also reported 10 new deaths, bringing the country\u2019s total death toll to 16,811.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"557167\" 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=\"557167\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/us-stocks-fall-as-recovery-concerns-grow\/\">\r\n                            US stocks fall as recovery concerns grow                        <\/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\/08\/us-stocks-fall-as-recovery-concerns-grow\/\" 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\/08\/us-stocks-fall-as-recovery-concerns-grow\/')\">\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\/08\/us-stocks-fall-as-recovery-concerns-grow\/\">\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=US stocks fall as recovery concerns grow&url=https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/us-stocks-fall-as-recovery-concerns-grow\/\">\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\/08\/us-stocks-fall-as-recovery-concerns-grow\/&title=US stocks fall as recovery concerns grow\">\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=US+stocks+fall+as+recovery+concerns+grow+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F09%2F08%2Fus-stocks-fall-as-recovery-concerns-grow%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\/08\/us-stocks-fall-as-recovery-concerns-grow\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557167\" class=\"content-area-description single-story post-557167 post type-post status-publish format-standard hentry category-planet-finance tag-allianz tag-apple tag-automotive tag-covid-19 tag-enterpriseam tag-equities tag-financial-markets tag-ford tag-germany tag-planet-finance tag-us 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-11\"><\/a> <strong>US stocks fall on recovery concerns:<\/strong> Fears that the US economic rebound from covid has peaked led shares to fall yesterday though tech stocks saw gains, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-06\/stocks-set-to-extend-rally-in-asia-dollar-firmer-markets-wrap?sref=mmeFTDW1\">Bloomberg<\/a>. The S&amp;P 500 fell 0.3% and the Dow lost 0.8% during trading yesterday as the greenback rose and bond yields climbed. The tech-heavy Nasdaq was the outlier, seeing a slightly 0.1% rise as investors bought into heavyweight tech companies.<\/p><p><strong>The source of concern: Delta<\/strong>. <a href=\"https:\/\/www.wsj.com\/articles\/delta-variant-covid-us-economy-jobs-spending-fall-september-slowdown-school-11631027856?mod=hp_lead_pos1\">The Wall Street Journal<\/a> is already forecasting a slowdown in growth this month as the delta covid variant continues to spread around the country. Mask mandates and travel restrictions are back, hiring is slowing, consumer sentiment continues to fall, and Goldman Sachs has <a href=\"https:\/\/nypost.com\/2021\/09\/07\/goldman-downgrades-us-growth-forecast-for-rest-of-2021\/\">again reduced<\/a> its 2021 growth forecast.<\/p><p><strong>\u201cThe delta variant concerns are weighing down on overall third-quarter growth,\u201d<\/strong> one fund manager told Bloomberg. \u201cThe next couple of weeks are going to be pretty rocky. We\u2019re seeing investors become more picky with their stocks not only because of the delta concern but also because of fading fiscal stimulus, legislative policies and an overall slowing recovery in some sectors\u201d<\/p><p><strong>Global stocks recorded an <\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/global-markets-wrapup-1-2021-09-07\/\">eighth consecutive record high<\/a><\/strong><strong> on Tuesday<\/strong> as expectations that the Federal Reserve will delay plans to unwind its stimulus program grew, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/global-markets-wrapup-1-2021-09-07\/\">Reuters<\/a> reports. Weaker-than-expected US jobs data this week has heightened speculation that policymakers will rethink plans to begin reducing asset purchases later this year, helping MSCI\u2019s global index to inch up 0.1% during trading.<\/p><p><strong>In other global business news:<\/strong><\/p><ul>\n<li><strong>Did Ford just land the coup de grace to Apple\u2019s auto ambitions? <\/strong>The man appointed by Apple to helm its car project has defected to Ford, in a move the press is pitching as a heavy blow to the tech company\u2019s auto ambitions. Doug Field joined Apple\u2019s Titan project three years ago, which has goals of producing electric and autonomous vehicles in the coming years, but has now been hired by Ford where he will head up its advanced technology and embedded systems operations. (<a href=\"https:\/\/www.ft.com\/content\/45dc9e63-733a-430b-9e3f-926294f93901\">FT<\/a> | <a href=\"https:\/\/www.reuters.com\/technology\/apple-car-project-chief-leave-ford-bloomberg-news-2021-09-07\/\">Reuters<\/a> | <a href=\"https:\/\/www.theverge.com\/2021\/9\/7\/22661291\/apple-car-chief-ford-doug-field\">The Verge<\/a>)<\/li>\n<li><strong>German regulators join the Allianz pile-on: <\/strong>German authorities are the latest to launch an investigation into the country\u2019s largest financial company, Allianz, which is facing a spate of lawsuits in the US after several of its funds tanked during the covid market sell-off last year. (<a href=\"https:\/\/www.reuters.com\/business\/finance\/exclusive-allianz-under-investigation-germany-over-investment-funds-2021-09-07\/\">Reuters<\/a>)<\/li>\n<\/ul><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,090<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: +2.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,414<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +31.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>7,718<\/p>\n<\/td>\n<td>\n<p>+1.2% (YTD: +53.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,909<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +16.8%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,520<\/p>\n<\/td>\n<td>\n<p>-0.3% (YTD: +20.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,149<\/p>\n<\/td>\n<td>\n<p>-0.5% (YTD: +10.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 71.60<\/p>\n<\/td>\n<td>\n<p>-0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 4.57<\/p>\n<\/td>\n<td>\n<p>-3.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,798.50<\/p>\n<\/td>\n<td>\n<p>-1.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 46,352<\/p>\n<\/td>\n<td>\n<p>-11.0% (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 rose 0.2% at yesterday\u2019s close<\/strong> on turnover of EGP 1.4 bn (7.4% below the 90-day average). Regional investors were net buyers. The index is up 2.3% YTD.<\/p><p><strong>In the green: <\/strong>Speed Medical (+9.8%), Egyptian for Tourism Resorts (+5.7%) and MM Group (+4.6%).<\/p><p><strong>In the red: <\/strong>Credit Agricole (-2.2%), Ezz Steel (-1.5%) and Elsewedy Electric (-1.1%).<\/p><p><strong>Asian markets are mixed in early trading this morning<\/strong>, with Chinese shares mostly in the green but exchanges in the rest of the region nursing losses. European shares look set to open in the red while shares on the other side of the Atlantic look to see early gains, according to US stock futures.<\/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\/allianz\/\">Allianz<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/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\/ford\/\">Ford<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"557168\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhat\/\">\r\n                            Read Hardhat                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">11<\/div>\r\n    \r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/how-fiber-optic-cables-are-forming-the-bedrock-of-our-digital-infrastructure-overhaul\/\"> \r\n                            How fiber optic cables are forming the bedrock of our digital infrastructure overhaul<\/a>\r\n                        <\/h3>\r\n    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/how-fiber-optic-cables-are-forming-the-bedrock-of-our-digital-infrastructure-overhaul\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/hardhats\/how-fiber-optic-cables-are-forming-the-bedrock-of-our-digital-infrastructure-overhaul\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/hardhats\/how-fiber-optic-cables-are-forming-the-bedrock-of-our-digital-infrastructure-overhaul\/\">\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=How fiber optic cables are forming the bedrock of our digital infrastructure overhaul&url=https:\/\/enterpriseam.com\/egypt\/hardhats\/how-fiber-optic-cables-are-forming-the-bedrock-of-our-digital-infrastructure-overhaul\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/hardhats\/how-fiber-optic-cables-are-forming-the-bedrock-of-our-digital-infrastructure-overhaul\/&title=How fiber optic cables are forming the bedrock of our digital infrastructure overhaul\">\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=How+fiber+optic+cables+are+forming+the+bedrock+of+our+digital+infrastructure+overhaul+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fhardhats%2Fhow-fiber-optic-cables-are-forming-the-bedrock-of-our-digital-infrastructure-overhaul%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n    \r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/how-fiber-optic-cables-are-forming-the-bedrock-of-our-digital-infrastructure-overhaul\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/110.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=\"557169\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/how-fiber-optic-cables-are-forming-the-bedrock-of-our-digital-infrastructure-overhaul\/110-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/110.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"110.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/110.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/110.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-557168\" class=\"content-area-description post-557168 hardhat type-hardhat status-publish has-post-thumbnail hentry tag-commodities tag-enterprise-hardhat tag-enterpriseam tag-hardhat tag-hayah-karima tag-national-telecom-regulatory-authority tag-project-profile tag-sarah-shabayek tag-telecom-egypt 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-10\"><\/a> <strong>PROJECT PROFILE- Waiting for our high speed internet dreams to quit buffering: <\/strong>Since 2012 the government has set out on a major overhaul of our ailing digital infrastructure by replacing our traditional copper based internet cables with a more exhaustive high-speed fiber optic network. Telecom Egypt has been at the helm of this initiative to upgrade our current digital landscape, which has included expansions to our rural regions. In this issue we take a look at what Telecom Egypt has been up to on this front and why, despite almost completing the rollout of this plan, internet speeds remain stubbornly slow in Egypt.<\/p>\n<p><strong>So, why are we swapping out our copper network for fiber optic cables? <\/strong>Data travels over fiber optic cables at 20 times the speed regular copper can transmit, reaching up to 1 gbps up from the average 50 to 100 mbps speeds copper can offer, <a href=\"https:\/\/www.hp.com\/us-en\/shop\/tech-takes\/top-10-advantages-fiber-optic-internet-connections\">according to HP<\/a>. The reason fiber optic is so much faster, <a href=\"https:\/\/www.zdnet.com\/article\/fiber-vs-cable-what-is-the-difference\/\">and more reliable,<\/a> than our traditional network is because copper wire heats up and picks up interference as it transmits internet signals. Fiber on the other hand breaks down files into data packets that are transmitted in beams of light over thin glass or plastic fibers contained within a protective encasing known as cladding. This also makes fiber less susceptible to internet service provider-induced slow downs during peak use.<\/p>\n<p><strong>The 2012 EGP 37 bn transition plan to connect c.34 mn homes was off to a slow start when it first launched but has recently picked up the pace. <\/strong>Telecom Egypt figures show that the company had transitioned some 9.7 mn households to fiber optic cables in 2016 and 12.6 mn households in 2017 before jumping considerably to 17.6 mn in 2018, and 27.7 mn in 2019, according to Telecom Egypt\u2019s IR director Sarah Shabayek. By 2020 the total number of homes receiving internet service through TE\u2019s fiber optic network went up by another 3 mn households, despite covid-related delays, which came to a total 30.8 mn by the end of the year.<\/p>\n<p><strong>Where does the project stand today: <\/strong>The company had completed 90% of its fiber optic connectivity target, which translated to 30.8 mn households being hooked up to the new network, Shabayek told Enterprise. \u201cTelecom Egypt has basically finished working on the project. We covered about 90% of the target areas designated for a copper to fiber transition.The outstanding portion isn\u2019t economically feasible to complete because of their remote location and low population density.\" By our own in-house calculations that amounts to some 4.22 mn homes waiting to be plugged into the fiber network.<\/p>\n<p><strong>One source of funding for the remaining homes could be the NTRA\u2019s Universal Service Fund<\/strong> \u2014 which draws its revenues from a government-mandated fee on private sector companies operating in Egypt \u2014 could become another source of financing for a portion of the remaining households, according to Shabayek. The rest will come out of the state\u2019s budget.<\/p>\n<p><strong>A separate initiative is in the works to bring 65 mn people fiber optic broadband: <\/strong>The government\u2019s rural infrastructure development plan, <a href=\"https:\/\/sustainabledevelopment.un.org\/partnership\/?p=36683\">Hayah Karima<\/a>, will spend EGP 5.6 bn on installing fiber optic networks to some 1 mn residential buildings and 14k government buildings in 1.4k villages around the country, according to<a href=\"https:\/\/mcit.gov.eg\/en\/Media_Center\/Press_Room\/Press_Releases\/57168\">a CIT Ministry statement<\/a>. Up to 65 mn people in rural regions are expected to see fiber optic powered broadband under the same Hayah Karima initiative, Ihab Said, head of the communications division of the Federation of Chambers of Commerce (FEDCOC), <a href=\"https:\/\/www.dostor.org\/3533347\">tells Al Dostor<\/a>.<\/p>\n<p><strong>But results from <\/strong><strong><a href=\"https:\/\/www.speedtest.net\/global-index\">Ookla\u2019s Speedtest<\/a><\/strong><strong> still show falling internet speeds this month: <\/strong>Average fixed internet speeds in Egypt fell to <a href=\"https:\/\/www.speedtest.net\/global-index\/egypt\">41.45 Mbit\/s in July<\/a>, down from a reading of 42.42 Mbit\/s in June, according to <a href=\"https:\/\/bit.ly\/3naqFfV\">AMAY<\/a>. Our global ranking of internet speed by Ookla also fell by one position in July putting us at the 92nd position globally, compared to 91st in June, when average speeds surpassed the 40 Mbit \/s global average.<\/p>\n<p><strong>Egypt did however inch up to become the country with the third fastest average internet speed on the continent<\/strong> <strong>in June<\/strong>. The CIT Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/904520e5-0a35-4bf9-b80b-e790260330a8\">said in 2019<\/a> it was targeting speeds of 40 mbps by the end of 2020, which at the time was still hovering at an average download speed of about 31.38 mbps.<\/p>\n<p><strong>So, why are we still falling short? It takes more than just fiber optic cables:<\/strong> It comes down to the wiring of existing buildings, which are outdated, Shabayek explains. \u201cElectrical wires and internet cables need to be separated into different plastic tubes to avoid electrical interference with internet speeds,\u201d which dampen the gains from our fiber optic network, Shabayek added.<\/p>\n<p><strong>Then there\u2019s the old router problem: <\/strong>Routers have a lifespan of about five years and need to be swapped out every so often to keep up with the newest advancements in internet technology. Telecom Egypt was one company that shouldered a sizable portion of the costs of replacing old routers and launched an awareness campaign urging people to swap out their devices, Shabayek said.<\/p>\n<p><strong>The solution? Make all new buildings fiber optic-friendly<\/strong>: Fiber optic connectivity in April became <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01f4d4ff-bd21-49a5-b997-1925b2b7dcef\">a requirement<\/a> for locking down licenses to build new properties much like all other required public utilities. The requirement has yet to be explicitly spelled out in the government\u2019s new <a href=\"https:\/\/ent.news\/2020\/2\/Unified-Building-Code.pdf\">Unified Building Code<\/a> but the new code is expected to be expansive and should see the light in the near future, suggesting that CIT infrastructure requirements could be included in the new regulations.<\/p>\n<p><strong>Beefing up our internet instructure has never been more crucial: <\/strong>Since the covid-19 pandemic hit and forced many crucial aspects of daily life to move online, <a href=\"https:\/\/enterprise.press\/hardhats\/egypts-ict-telecoms-sectors-keeping-us-functioning-lockdown\/\">demand for high speed internet access has skyrocketed<\/a> here in Egypt. With Interest in online education, digital healthcare and e-commerce increasingly becoming part of the new norm established by the onset of the pandemic, an overhaul of our ailing internet infrastructure and wider access to our often forgotten rural regions is long overdue.<\/p>\n<p><strong>The challenge ahead remains bringing existing buildings to the fold<\/strong> to ensure that the heavy investment in upgrades are not for naught.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Hassan Allam Construction<\/strong> and <strong>Hassan Allam Roads and Bridges<\/strong> have been asked by the Transport Ministry to <strong>build stations<\/strong> and several <strong>bridges<\/strong> for the government's <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3eb7a66f-a839-478b-ad0b-89034e556f96\">multi-bn high-speed rail network<\/a><\/strong>, the company said in <a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:6840998872324562944\/\">a statement<\/a>.<\/li>\n<li><strong>Port Said could get a new EGP 3 bn <\/strong><strong><a href=\"https:\/\/bit.ly\/3kUMehG\">logistics zone<\/a><\/strong><strong>,<\/strong> with Head of the Internal Trade Development Authority (ITDA) Ibrahim Ashmawy and Port Said Governor Adel El Ghadban floating the idea in a meeting yesterday.<\/li>\n<li><strong>French CMA CGM will <\/strong><strong><a href=\"https:\/\/bit.ly\/38K6HjF\">operate and manage<\/a><\/strong><strong> the Tahya Misr <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d39db3da-5ea5-4f65-b978-02c03aadf9f4\">all-purpose terminal<\/a><\/strong><strong> in <\/strong><strong>the Alexandria port<\/strong>, after signing an agreement with the government.<\/li>\n<li><strong>The Finance Ministry will guarantee an EGP 36.2 bn loan from the CBE for <\/strong><strong>the National Authority for Tunnels, <\/strong>to finance planned projects during its current fiscal year, sources told <a href=\"https:\/\/ent.news\/2021\/9\/Tuesday-07-Sep-2021-issue-2646.pdf\">Al Borsa (pdf)<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hardhat\/\">Hardhat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hayah-karima\/\">Hayah Karima<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-telecom-regulatory-authority\/\">National Telecom Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/project-profile\/\">project profile<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sarah-shabayek\/\">Sarah Shabayek<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecom-egypt\/\">Telecom Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"557170\" 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\/08\/your-essential-business-calendar-on-8-september-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-557170\" class=\"content-area-description single-story post-557170 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>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>7-8 September (Tuesday-Wednesday): Egypt, Turkey <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/144895347820320\">hold diplomatic talks<\/a> in Ankara.<\/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>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>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 September (Monday): Environment Minister Yasmine Fouad will give a guest speech at AmCham\u2019s monthly virtual event,<sup><\/sup><\/p>\n<p>13-21 September (Monday-Tuesday): EFG Hermes\u2019 fourth Virtual Investor Conference.<sup><\/sup><\/p>\n<p>14-30 September (Tuesday-Thursday): <a href=\"https:\/\/www.un.org\/en\/ga\/\">76th session of the UN 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>29 September (Wednesday): <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>30 September-2 October (Thursday-Saturday): Egypt Projects 2021 expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-8 October (Thursday-Friday): The Cairo International Fair, Cairo International Conference Center, Cairo, Egypt.<\/p>\n<p>30 September: Closing of 2021\u2019s first oil and gas <a href=\"https:\/\/eug.petroleum.gov.eg\/dp\/pages\/common\/BidroundHighlights.jsp\">tender<\/a> in the Gulf of Suez, Western Desert, and the Mediterranean.<\/p>\n<p>October: New legislative session begins \u2014 must be held by the first Thursday of October.<\/p>\n<p>October: Romanian President Klaus Iohannis <a href=\"https:\/\/bit.ly\/3z0gaic\">could visit Egypt<\/a> in mid this month to discuss ways to boost tourism cooperation between the two countries.<\/p>\n<p>1 October (Friday): Businesses importing goods at seaports will need to file shipping documents and cargo data digitally to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">the Advance Cargo Information (ACI) system<\/a>.<\/p>\n<p>1 October (Friday): Expo 2020 Dubai opens.<\/p>\n<p>1 October (Friday): State-owned companies and government service bodies selling goods and services to customers that <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/178309171006178\">have not yet signed on to the e-invoicing platform<\/a> will suffer a host of penalties, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>9 October (Saturday): Public schools begin 2021-2022 academic year<\/p>\n<p>11-17 October (Monday-Sunday): <a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\">IMF + World Bank Annual Meetings<\/a>.<\/p>\n<p>12-14 October (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>24-28 October (Sunday-Thursday) <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/p>\n<p>27-28 October (Wednesday-Thursday) <a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a>, Royal Maxim Palace Kempinski, Cairo, Egypt.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 October - 4 November (Saturday-Thursday): The first edition of <a href=\"https:\/\/globalswimseries.com\/ryan-lochte-announces-first-race-the-legends-event-in-egypt\/\">Race The Legends<\/a>, Egypt.<\/p>\n<p>November: The French-Egyptian Business Forum is set to take place in the Suez Canal Economic Zone.<\/p>\n<p>November: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/163314772505618\">host another round of talks<\/a> to reach a potential Egyptian-Eurasian trade agreement, which can significantly contribute to increasing the volume of Egyptian exports to the Russia-led bloc that includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.<\/p>\n<p>1-3 November (Monday-Wednesday): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>2-3 November (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>16-17 November (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/p>\n<p>26 November-5 December (Friday-Sunday): <a href=\"https:\/\/www.facebook.com\/CairoFilms\/photos\/a.386668088207064\/1611462495727611\/\">The 43rd Cairo International Film Festival<\/a>.<\/p>\n<p>29 November-2 December (Monday-Thursday): Egypt Defense Expo.<\/p>\n<p>7-8 December (Tuesday-Wednesday): <a href=\"https:\/\/northafricatradefinance.com\/\">North Africa Trade Finance Summit<\/a>.<\/p>\n<p>12-14 December (Sunday-Tuesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa Cairo<\/a> trade exhibition, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>13-17 December: United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/p>\n<p>14-19 December (Tuesday-Sunday): <a href=\"https:\/\/www.facebook.com\/cifcet\/\">The Cairo International Festival for Experimental Theater<\/a>.<\/p>\n<p>14-15 December (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>22-24 April 2022:<a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":557147,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-557146","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e620b245-3708-45ee-9e52-4ff5386fdcda","teaser":"","photo_url":"https:\/\/ent.news\/2021\/9\/98.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>E-Finance to IPO next month, could offer 10% stake - 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\/e-finance-to-ipo-next-month-could-offer-10-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-Finance to IPO next month, could offer 10% stake\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T01:34:35+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\/98.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\/e-finance-to-ipo-next-month-could-offer-10-stake\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/\",\"name\":\"E-Finance to IPO next month, could offer 10% stake - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/98.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-09-08T04:00:27+00:00\",\"dateModified\":\"2025-12-16T01:34:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/98.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/98.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#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\":\"E-Finance to IPO next month, could offer 10% stake\"}]},{\"@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":"E-Finance to IPO next month, could offer 10% stake - 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\/e-finance-to-ipo-next-month-could-offer-10-stake\/","og_locale":"en_US","og_type":"article","og_title":"E-Finance to IPO next month, could offer 10% stake","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T01:34:35+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/98.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/","name":"E-Finance to IPO next month, could offer 10% stake - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/98.jpg?fit=%2C&ssl=1","datePublished":"2021-09-08T04:00:27+00:00","dateModified":"2025-12-16T01:34:35+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/98.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/98.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/e-finance-to-ipo-next-month-could-offer-10-stake\/#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":"E-Finance to IPO next month, could offer 10% stake"}]},{"@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\/557146","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\/557146\/revisions"}],"predecessor-version":[{"id":557181,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557146\/revisions\/557181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557147"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}