{"id":558265,"date":"2021-08-03T07:31:42","date_gmt":"2021-08-03T07:31:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=558265"},"modified":"2025-12-16T02:00:58","modified_gmt":"2025-12-16T02:00:58","slug":"new-indices-to-track-government-bonds-are-coming-to-a-stock-exchange-near-you","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/new-indices-to-track-government-bonds-are-coming-to-a-stock-exchange-near-you\/","title":{"rendered":"New indices to track government bonds are coming to a stock exchange near you"},"content":{"rendered":"<section id=\"558267\" 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=\"558267\">\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\/08\/03\/this-morning-more-tobacco-industry-grumbling-covid-fourth-wave-this-september\/\">\r\n                            THIS MORNING: More tobacco industry grumbling + Covid fourth wave this 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\/08\/03\/this-morning-more-tobacco-industry-grumbling-covid-fourth-wave-this-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\/08\/03\/this-morning-more-tobacco-industry-grumbling-covid-fourth-wave-this-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\/08\/03\/this-morning-more-tobacco-industry-grumbling-covid-fourth-wave-this-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=THIS MORNING: More tobacco industry grumbling + Covid fourth wave this September?&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/this-morning-more-tobacco-industry-grumbling-covid-fourth-wave-this-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\/08\/03\/this-morning-more-tobacco-industry-grumbling-covid-fourth-wave-this-september\/&title=THIS MORNING: More tobacco industry grumbling + Covid fourth wave this 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=THIS+MORNING%3A+More+tobacco+industry+grumbling+%2B+Covid+fourth+wave+this+September%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F03%2Fthis-morning-more-tobacco-industry-grumbling-covid-fourth-wave-this-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\/08\/03\/this-morning-more-tobacco-industry-grumbling-covid-fourth-wave-this-september\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558267\" class=\"content-area-description single-story post-558267 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-covid-19 tag-enterpriseam tag-goldman-sachs tag-harry-potter tag-sinopharm tag-sports tag-tobacco tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, wonderful people, and happy hump day. <\/strong>There\u2019s plenty to think about as we push over the top and into the back half of the week.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>THE BIG STORY ABROAD this morning is one with plenty of implications for Egypt:<\/strong> Widening global concern about <a href=\"https:\/\/www.reuters.com\/world\/us\/covid-vaccine-or-test-mandated-new-york-transport-workers-governor-2021-08-02\/\">the delta variant of covid-19,<\/a> as we discuss in this morning\u2019s Covid Watch, below. The latest developments see worries about what delta is doing to <a href=\"https:\/\/www.wsj.com\/articles\/delta-variant-stalls-asias-economic-recovery-after-early-rebound-11627922736?mod=hp_lead_pos2\">Asia\u2019s economic recovery<\/a>, the IMF allocating another USD 650 bn in special drawing rights to <a href=\"https:\/\/www.ft.com\/content\/a4eb68e0-e439-4c88-ab07-037c6c106fbd\">help shore up emerging economies<\/a> slammed by covid, and more US cities and companies <a href=\"https:\/\/www.ft.com\/content\/f36d0fec-4e52-4a6e-9527-68ec73bcc309\">bringing back masks<\/a> to <a href=\"https:\/\/www.wsj.com\/articles\/new-york-officials-recommend-masks-indoors-as-covid-19-cases-rise-11627925181?mod=hp_lead_pos1\">stop the advance of the more transmissible variant<\/a>.<\/p>\n<p><strong>Oh, and the fourth wave could be upon us by September<\/strong>, the Health Ministry is warning, as schools reopen, holidaymakers return from Sahel and points abroad, and office workers return. We have the rundown in Last Night\u2019s Talk Shows, below.<\/p>\n<p><strong>Vaccine update: <\/strong>That <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/39e49875-dd32-496d-b117-0a8f5e453e4e\">12-day delay in your scheduled appointment<\/a> with the Health Ministry for a second vaccine does? It is very real, in our experience. One of us showed up yesterday to get our second jab and was very politely asked to return on Friday, 13 August (no omens there, right?) instead. Health Ministry officials are working to bring in stocks of new, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1e34ad9-6773-466f-8299-8ae3246409f6\">made-in-Egypt Sinovac by mid-month<\/a> and are waiting for a cornucopia of other vaccines to arrive in the coming weeks and months.<\/p>\n<p><strong>Have a kid you want to protect against covid? <\/strong>The UAE has just <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-02\/uae-approves-sinopharm-shot-for-children-aged-three-and-above?srnd=premium-middle-east&sref=mmeFTDW1\">approved Sinopharm for<\/a><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-02\/uae-approves-sinopharm-shot-for-children-aged-three-and-above?srnd=premium-middle-east&sref=mmeFTDW1\">use in children aged three and up<\/a>.<\/p>\n<p><strong>We also have news of more complaining from the global giants who may want to sell the <\/strong><strong>nation <\/strong><s>cancer sticks<\/s><strong> cigarettes.<\/strong> While Philip Morris is interested in bidding for a new licence to distribute tobacco products, three competitors are complaining that they need more time and more protection before bringing their exceptionally healthy, not-at-all-destructive to human health products to the market. We have the story in Speed Round, below.<\/p>\n<p><strong>HAPPENING TODAY- The <\/strong><strong><a href=\"https:\/\/www.africa-foodmanufacturing.com\/en\/Home.html\">Africa Food Manufacturing<\/a><\/strong><strong> exhibition continues<\/strong> at the Egypt International Exhibition Center. The event runs until tomorrow.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of <strong>EnterprisePM:<\/strong><\/p>\n<ul>\n<li><strong>More bond inflows?<\/strong> Egyptian bonds could receive <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/140b7bfd-70e5-4cbe-9774-f087dcd5d641\">USD 3-4 bn of foreign inflows<\/a> during 2H2021, Alia Mamdouh, Beltone financial\u2019s chief economist, told Bloomberg.<\/li>\n<li><strong>New fund coming in 4Q2021:<\/strong> The National Bank of Egypt, Banque Misr, Banque du Caire and Suez Canal Bank have announced the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4f733e5-e7b8-4952-a8cc-e4f0fe7bbc08\">launch of a new EGP 1 bn fund<\/a> managed by the US-based firm Avanz Capital to invest in the healthcare, education and fintech sectors, among <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e8eae22-3c07-4eb5-b76f-474b4e898ad6\">others<\/a>.<\/li>\n<li><strong>Mubasher Capital plans spate of new funds<\/strong>: The company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cf5041e9-b306-48df-97a0-58728c87e867\">has announced<\/a> it\u2019s rolling out 10 funds from 2022-2025 in hopes of raising EGP 250-500mn for each one, though the plan is still pending for approval by the Financial Regulatory Authority.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>MORNING MUST READS- <\/strong>We have a handful for you this morning, depending on \u201cwhere your head\u2019s at\u201d:<\/p>\n<p><strong>Corporate America is atitter as a racy succession battle heats up for control of the US <\/strong><strong>publisher of Harry Potter. <\/strong>The longtime head of Scholastic died while on a walk in Martha\u2019s Vineyard (think of it as the \u201cSahel of New York\u201d if you want to be Cairo-centric). \u201cHe didn\u2019t give control of the USD 1.2 bn publisher to either of his two sons, or his siblings, or his ex-wife, with whom he had rekindled a friendship during the pandemic. Instead, control went to Iole Lucchese, Scholastic\u2019s chief strategy officer. She also inherited all his personal possessions.\u201d Lucchese was not just Robinson\u2019s self-described \u201cpartner and closest friend\u201d \u2014 she was also his longtime romantic partner. Read: <strong><a href=\"https:\/\/www.wsj.com\/articles\/succession-drama-grips-scholastic-ceos-sudden-death-an-office-romance-and-a-surprise-will-11627850787\">A CEO\u2019s sudden death, an office romance and a surprise will<\/a><\/strong> in the WSJ.<\/p>\n<p><strong>Drugmakers are desperate to sell you a pill to ward off Alzheimer\u2019s disease. But what if <\/strong><strong>sleep and diet are really the key<\/strong> \u2014 meaning a great many people could ward off the disease by getting enough sleep and cutting carbs out of their lives? Business nerds will want to read Fortune magazine\u2019s <strong><a href=\"https:\/\/fortune.com\/2021\/07\/31\/alzheimers-research-treatment-sleep-apnea-business-opportunity\/\">The quest for rest: Sleep could be the key to fighting Alzheimer\u2019s\u2014and a huge business opportunity<\/a><\/strong>. Science nerds will want to start here in Biochimica et Biophysica Acta with <strong><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0925443916302150\">Is Alzheimer's disease a Type 3 Diabetes? A critical appraisal<\/a><\/strong>.<\/p>\n<p><strong>SIGN OF THE TIMES- Goldman Sachs is boosting pay for juniors by as much as 30%<\/strong> and will start first-year analysts at USD 110k per year (base salary, before potential bonuses). Goldman has a reputation for being tight-fisted with juniors and, as our IB nerds know, is competing for talented people who are probably more interested in crunching numbers at a startup than playing with PowerPoint all night at the whim of an MD or because of \u201cfeedback\u201d from legal counsel. The story is front page everywhere from the <a href=\"https:\/\/www.ft.com\/content\/b33f3645-ff93-4309-a575-f92641faaa43\">Financial Times<\/a> to the <a href=\"https:\/\/www.wsj.com\/articles\/goldman-sachs-is-giving-entry-level-bankers-a-nearly-30-raise-11627930285?mod=hp_lead_pos6\">Wall Street Journal<\/a>.<\/p>\n<p><strong>TOKYO 2020 AS IT STANDS-<\/strong><\/p>\n<table class=\"markets-table\">\n<tbody>\n<tr class=\"gray-table\">\n<td> <\/td>\n<td>\n<p><strong>Country<\/strong><\/p>\n<\/td>\n<td>\n<p>?<\/p>\n<\/td>\n<td>\n<p>?<\/p>\n<\/td>\n<td>\n<p>?<\/p>\n<\/td>\n<td>\n<p><strong>Total<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>1<\/p>\n<\/td>\n<td>\n<p>China<\/p>\n<\/td>\n<td>\n<p><strong>29<\/strong><\/p>\n<\/td>\n<td>\n<p>17<\/p>\n<\/td>\n<td>\n<p>16<\/p>\n<\/td>\n<td>\n<p>62<\/p>\n<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td>\n<p>2<\/p>\n<\/td>\n<td>\n<p>US<\/p>\n<\/td>\n<td>\n<p><strong>22<\/strong><\/p>\n<\/td>\n<td>\n<p>25<\/p>\n<\/td>\n<td>\n<p>17<\/p>\n<\/td>\n<td>\n<p>64<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>3<\/p>\n<\/td>\n<td>\n<p>Japan<\/p>\n<\/td>\n<td>\n<p><strong>17<\/strong><\/p>\n<\/td>\n<td>\n<p>6<\/p>\n<\/td>\n<td>\n<p>10<\/p>\n<\/td>\n<td>\n<p>33<\/p>\n<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td>\n<p>4<\/p>\n<\/td>\n<td>\n<p>Australia<\/p>\n<\/td>\n<td>\n<p><strong>14<\/strong><\/p>\n<\/td>\n<td>\n<p>4<\/p>\n<\/td>\n<td>\n<p>15<\/p>\n<\/td>\n<td>\n<p>33<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>5<\/p>\n<\/td>\n<td>\n<p>ROC (Russia)<\/p>\n<\/td>\n<td>\n<p><strong>12<\/strong><\/p>\n<\/td>\n<td>\n<p>21<\/p>\n<\/td>\n<td>\n<p>17<\/p>\n<\/td>\n<td>\n<p>50<\/p>\n<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td>\n<p>73<\/p>\n<\/td>\n<td>\n<p>Egypt<\/p>\n<\/td>\n<td>\n<p><strong>0<\/strong><\/p>\n<\/td>\n<td>\n<p>0<\/p>\n<\/td>\n<td>\n<p>2<\/p>\n<\/td>\n<td>\n<p>2<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"subscribe-button\" width=\"98%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<tr>\n<td align=\"center\" style=\"padding-bottom:20px;padding-top:20px;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<table border=\"0\" align=\"center\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<tbody>\n<tr>\n<td align=\"center\" style=\"border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"width:220px;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<tr>\n<td align=\"center\" class=\"button1\" style=\"border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;background-color:#299a0b;-moz-border-radius:4px;-webkit-border-radius:4px;border-radius:4px;word-break:break-word;word-wrap:break-word;\"> <a href=\"egypt\/en\/user\/NewsLetters\" style=\"display:block;border-width:1px;padding-top:10px;padding-bottom:10px;padding-right:10px;padding-left:10px;font-family:Arial, sans-serif;font-size:14px;color:#ffffff;font-weight:bold;line-height:16px;text-decoration:none;text-align:center;background-color:#299a0b;background-image:none;background-repeat:repeat;background-position:top left;background-attachment:scroll;border-style:solid;border-color:#299a0b;-moz-border-radius:4px;-webkit-border-radius:4px;border-radius:4px;\">Subscribe to Enterprise<\/a> <\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n<p class='web-image'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p><strong>In today\u2019s issue: <\/strong>We examine the government\u2019s E-Tadweer initiative, an app that was recently launched to incentivize people to recycle defunct electronics and reduce e-waste.<\/p>\n<p><em><strong>CORRECTION-<\/em><\/strong>This section was corrected on Tuesday, 3 August to reflect the fact that the the IMF is allocating an additional USD 650 bn in SDRs, not USD 650 mn as we had initially written. h\/t Ahmed Th.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/goldman-sachs\/\">Goldman Sachs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/harry-potter\/\">Harry Potter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinopharm\/\">Sinopharm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tobacco\/\">tobacco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"558268\" 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=\"558268\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/558268\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558268\" class=\"content-area-description single-story post-558268 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\/7\/Somabay_EnduranceFestival_1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>We can't wait to see the endurance sports community back at Somabay, taking on the Supersprint, Sprint, Olympic, Youth, & Kids Races. Early-bird registration for the Somabay Endurance Festival is now open.<\/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=\"558269\" 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=\"558269\">\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\">MARKET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/new-indices-to-track-government-bonds-coming-to-a-stock-exchange-near-you\/\">\r\n                            New indices to track government bonds coming to a stock exchange near you                        <\/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\/08\/03\/new-indices-to-track-government-bonds-coming-to-a-stock-exchange-near-you\/\" 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\/08\/03\/new-indices-to-track-government-bonds-coming-to-a-stock-exchange-near-you\/')\">\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\/08\/03\/new-indices-to-track-government-bonds-coming-to-a-stock-exchange-near-you\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New indices to track government bonds coming to a stock exchange near you&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/new-indices-to-track-government-bonds-coming-to-a-stock-exchange-near-you\/\">\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\/08\/03\/new-indices-to-track-government-bonds-coming-to-a-stock-exchange-near-you\/&title=New indices to track government bonds coming to a stock exchange near you\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+indices+to+track+government+bonds+coming+to+a+stock+exchange+near+you+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F03%2Fnew-indices-to-track-government-bonds-coming-to-a-stock-exchange-near-you%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\/08\/03\/new-indices-to-track-government-bonds-coming-to-a-stock-exchange-near-you\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/70.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558270\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/new-indices-to-track-government-bonds-coming-to-a-stock-exchange-near-you\/70-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/70.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"70.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/70.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/70.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558269\" class=\"content-area-description single-story post-558269 post type-post status-publish format-standard has-post-thumbnail hentry category-market-watch tag-capital-markets tag-debt tag-enterpriseam tag-investment-watch tag-market-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The EGX is rolling out a new index for publicly-traded government treasuries<\/strong> <strong>that <\/strong><strong>will be up and running later today<\/strong>, according to a <a href=\"https:\/\/ent.news\/2021\/8\/EGX-bond-fund_press__release_2-8-2021_english.pdf\">statement (pdf)<\/a>. Four more sub-indices tracking sovereign debt instruments with varying tenors are expected to follow suit, a move the exchange says paves the way for different types of investors to put their money in index-tracking bond funds and other products linked to those gauges. The 1000-point indices will include more actively traded and liquid government bonds, with each constituent weighted based on its market capitalization. They will be reviewed (or \u201c<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea745e38-4504-4cd3-affa-33ad53b32eb0\">rebalanced<\/a>\u201d) once every month.<\/p>\n<p><strong>Why is this good news? <\/strong>The simple availability of the indices has the potential to unlock bns of inflows from passive funds that track them.<\/p>\n<p><strong>Sound familiar? <\/strong>Egypt has been working to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2942a7fd-4cca-4286-98b3-5c2d1c99da8a\">get its sovereign bonds back<\/a> on the JPMorgan emerging-market government bond index, and the global investment bank said in April that it\u2019s expected to make a decision in October. Reinclusion on the index, from which our bonds were removed in the aftermath of the 2011 revolution, is another <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea858526-5700-49cf-9a6c-4bb9a7b54d2a\">potential boost<\/a> for passive inflows.<\/p>\n<p><strong>Background: <\/strong>The new indices the EGX is rolling out come as the exchange just recently put the final touches on a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2a0d3b3-ccf0-4144-b2fc-5c378b3b001a\">platform to facilitate the trading of government bonds<\/a>. The platform is expected to provide traders with more detailed information on prices, bids, and orders, and will open up requests for quotations (RFQs), which allow licensed primary-dealers of sovereign debt to ask for quotes from sellers when buying, and use quotation screens to set prices when selling.<\/p>\n<p><strong>ALSO FROM THE EGX- Fawry will go ahead with purchase of CIB\u2019s entire stake in <\/strong><strong>Fawry Plus:<\/strong> The e-commerce giant\u2019s board has agreed to snap up CIB\u2019s 15% stake in Fawry Plus Banking Services for EGP 1.15 apiece, according to <a href=\"https:\/\/ent.news\/2021\/8\/266229_1.pdf\">an EGX disclosure (pdf)<\/a>, making the transaction worth a total of EGP 16.2 mn. Fawry is also on course to purchase state-owned <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9311c653-02bb-466f-877a-7e6ae5b0fcd7\">Banque Misr\u2019s 15% stake<\/a> in its subsidiary at the same price. The two proposed purchases \u2014 each worth c. EGP 16.2 mn \u2014 are still pending regulatory and shareholder approvals.<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/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\/market-watch\/\">Market 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=\"558271\" 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=\"558271\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/558271\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558271\" class=\"content-area-description single-story post-558271 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:\/\/www.surveymonkey.com\/r\/PKQD79N\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/bupa-enterprise-Survey-Infographic-v7-EN-1600.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=\"558272\" 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=\"558272\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/smoke-drama\/\">\r\n                            Smoke drama                        <\/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\/08\/03\/smoke-drama\/\" 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\/08\/03\/smoke-drama\/')\">\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\/08\/03\/smoke-drama\/\">\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=Smoke drama&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/smoke-drama\/\">\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\/08\/03\/smoke-drama\/&title=Smoke drama\">\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=Smoke+drama+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F03%2Fsmoke-drama%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\/08\/03\/smoke-drama\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/72.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558273\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/smoke-drama\/72-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/72.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"72.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/72.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/72.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558272\" class=\"content-area-description single-story post-558272 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-british-american-tobacco-egypt tag-eastern-tobacco tag-enterpriseam tag-industrial-development-authority tag-jti-nakhla-tobacco tag-mansour-group tag-manufacturing tag-tobacco 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>Here\u2019s why tobacco companies are still unhappy with <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffc1052f-8eb7-40e9-942a-4dae46ce0b3b\">the recently-amended terms<\/a><\/strong> <strong>of the license to set up Egypt\u2019s second tobacco company: <\/strong>JTI-Nakhla Tobacco, British American Tobacco Egypt and Al Mansour International Distribution Company filed two separate letters \u2014 copies of which were obtained by <a href=\"https:\/\/bit.ly\/3rNy3hr\">Masrawy<\/a> \u2014 to the Madbouly cabinet, calling for the extension of a 1 August deadline for the tender and outlining other grievances. The companies claim the terms of the licence \u2014 which had already been amended after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9ab1edb-e80e-4a07-a581-5b7effab2569\">initial objections<\/a> \u2014 would create an e-cigarette monopoly and prevent sustainable growth for the tobacco industry.<\/p>\n<p>(Please, God, don\u2019t get us started on the notion that the tobacco industry\u2019s growth could or should be sustainable\u2026)<\/p>\n<p><strong>Tobacco giant Philip Morris was <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/516b2b65-a117-4391-961e-2a72b6bc2a54\">the only company to take part in the bidding round<\/a><\/strong><strong> for the new license<\/strong>, with the deadline to submit technical studies passing on 1 August, in the second iteration of a tender that was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f636aa38-0a36-410d-b9b2-ff9fad1ae5ee\">pulled earlier this year<\/a> after attracting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9ab1edb-e80e-4a07-a581-5b7effab2569\">criticism for allegedly unfair terms<\/a>.<\/p>\n<p><strong>In letters dated 29 June and 29 July, the companies lay out their lingering reservations<\/strong>, which read as standard corporate \/ tobacco industry whining:<\/p>\n<p><strong>#1-<\/strong> <strong>The single license now on offer should only cover traditional tobacco products:<\/strong> The three companies \u2014 who were among the companies invited to bid <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/37788807-9726-457b-9df0-f4fca702d0f2\">back in March<\/a> \u2014 argue that the inclusion of the right to distribute e-cigarettes and \u201cheated tobacco\u201d products in the license would create a monopoly and put other cigarette companies at a disadvantage. \u201cInstead of helping create favorable market conditions, the offering of just one license would result in adverse ripple effects on the local tobacco industry as well as the economy as a whole, while also setting up a new monopoly over e-cigarettes and heated tobacco,\u201d the companies wrote. They are calling for the exclusion of non-cigarette tobacco products from the license on offer.<\/p>\n<p><strong>#2- The new terms do not clarify whether a new company can really go head-to-head with existing monopoly Eastern Co.: <\/strong>The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f636aa38-0a36-410d-b9b2-ff9fad1ae5ee\">IDA\u2019s original conditions<\/a>, had sought to protect Eastern\u2019s market share by preventing the new company from producing cigarettes at the same price point as the monopoly\u2019s mass-market Cleopatra brand, which accounts for 98% of Eastern\u2019s revenues.<\/p>\n<p><strong>#3- A rain check, please. <\/strong>Tobacco players are also lobbying for a four-month extension on the deadline for bids to allow time for technical and feasibility studies \u2014 and also wait for possible changes to the tender\u2019s terms. They are asking for a deadline extension until 1 December.<\/p>\n<p><strong>Refresher: <\/strong>The revised terms slash the number of cigarettes the new company will have to produce to 1 bn each year, down from 15 bn in the original tender, but still stipulate that state-owned Eastern Tobacco should own 24% of the new entity. The government also agreed to issue more licenses following the tender, scrapping a rule that would have prevented new licenses in the following decade.<\/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\/british-american-tobacco-egypt\/\">British American Tobacco Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-tobacco\/\">Eastern Tobacco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industrial-development-authority\/\">Industrial Development Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jti-nakhla-tobacco\/\">JTI-Nakhla Tobacco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mansour-group\/\">Mansour Group<\/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\/tobacco\/\">tobacco<\/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=\"558274\" 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=\"558274\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/hassan-allam-gets-wastewater-plant-contract-lekela-installs-20-wind-turbines-in-ras-ghareb\/\">\r\n                            Hassan Allam gets wastewater plant contract + Lekela installs 20 wind turbines in Ras Ghareb                        <\/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\/08\/03\/hassan-allam-gets-wastewater-plant-contract-lekela-installs-20-wind-turbines-in-ras-ghareb\/\" 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\/08\/03\/hassan-allam-gets-wastewater-plant-contract-lekela-installs-20-wind-turbines-in-ras-ghareb\/')\">\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\/08\/03\/hassan-allam-gets-wastewater-plant-contract-lekela-installs-20-wind-turbines-in-ras-ghareb\/\">\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=Hassan Allam gets wastewater plant contract + Lekela installs 20 wind turbines in Ras Ghareb&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/hassan-allam-gets-wastewater-plant-contract-lekela-installs-20-wind-turbines-in-ras-ghareb\/\">\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\/08\/03\/hassan-allam-gets-wastewater-plant-contract-lekela-installs-20-wind-turbines-in-ras-ghareb\/&title=Hassan Allam gets wastewater plant contract + Lekela installs 20 wind turbines in Ras Ghareb\">\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=Hassan+Allam+gets+wastewater+plant+contract+%2B+Lekela+installs+20+wind+turbines+in+Ras+Ghareb+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F03%2Fhassan-allam-gets-wastewater-plant-contract-lekela-installs-20-wind-turbines-in-ras-ghareb%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\/08\/03\/hassan-allam-gets-wastewater-plant-contract-lekela-installs-20-wind-turbines-in-ras-ghareb\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558274\" class=\"content-area-description single-story post-558274 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-metito tag-orascom-construction tag-wastewater 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>We have a trio of infrastructure stories worth knowing about <\/strong>on this fine Tuesday morning:<\/p>\n<p><strong>Hassan Allam Construction has been awarded a contract for a wastewater treatment <\/strong><strong>plant<\/strong> with a capacity of 30k cubic meters per day in Maghagha, Minya, the company said in a <a href=\"https:\/\/www.facebook.com\/HASSANALLAMHAH\/posts\/856983925230394\">statement<\/a>. Under the contract, HAC will carry out the engineering, procurement and construction of the project, which will have expandable capacity of up to 60k cbm\/d. In March, HAC was among a consortium of companies awarded the contract to construct the El Hamam agricultural wastewater plant, which it claims is the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/937f8328-b0fc-4e1f-84d9-893ddd22fc8f\">largest such plant<\/a> in the world, with a capacity of 6 mn cbm\/d.<\/p>\n<p><strong>First 20 turbines wired up to grid at Lekela\u2019s West Bakr Wind Farm:<\/strong> Renewable power generation company Lekela Power has installed the first 20 wind turbines in its 250 MW capacity West Bakr project near Ras Ghareb in the Gulf of Suez, it said in an emailed statement. Construction began on the<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/323f6825-1739-4d2e-b6f6-edea60694a8a\">USD 350 mn project<\/a> in late 2019, its first turbine went live <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/892c7f95-df7e-49ea-8fa8-f2c95bb19cc4\">last Decembe<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/892c7f95-df7e-49ea-8fa8-f2c95bb19cc4\">r<\/a>, and the farm is expected to become fully operational by the end of this year. Part of the government\u2019s Build, Own Operate (BOO) scheme, West Bakr is targeting production of over 1000 GWh every year for 20 years, which the company says will see the wind farm singlehandedly increase Egypt\u2019s wind capacity by 18%.<\/p>\n<p><strong>DP World Sokhna will serve the Egyptian conglomerate Intro Group\u2019s livestock <\/strong><strong>facility in Ain Sokhna port upon its restarting<\/strong> under a multi-year agreement, according to <a href=\"https:\/\/ent.news\/2021\/8\/Livestock-PRL-Eng.pdf\">a press release (pdf)<\/a>. The agreement will see DP World Sokhna receive ships carrying cattle and then transport International Meat Capital livestock to the facility. The first phase, scheduled to start this month, is targeting 37k heads of livestock a year, with an eye to reach an annual rate of 90k by the second stage.<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metito\/\">Metito<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wastewater\/\">wastewater<\/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=\"558275\" 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=\"558275\">\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\">Automotive<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/auto-industry-reboot-part-ii\/\">\r\n                            Auto industry reboot: part II                        <\/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\/08\/03\/auto-industry-reboot-part-ii\/\" 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\/08\/03\/auto-industry-reboot-part-ii\/')\">\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\/08\/03\/auto-industry-reboot-part-ii\/\">\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=Auto industry reboot: part II&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/auto-industry-reboot-part-ii\/\">\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\/08\/03\/auto-industry-reboot-part-ii\/&title=Auto industry reboot: part II\">\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=Auto+industry+reboot%3A+part+II+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F03%2Fauto-industry-reboot-part-ii%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\/08\/03\/auto-industry-reboot-part-ii\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/74.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558276\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/auto-industry-reboot-part-ii\/74-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/74.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"74.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/74.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/74.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558275\" class=\"content-area-description single-story post-558275 post type-post status-publish format-standard has-post-thumbnail hentry category-automotive tag-amic tag-automotive tag-covid-19 tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Passenger car sales grew 70% in June 2021, with over 19k cars sold during the <\/strong><strong>month,<\/strong> up from 11.2k in June 2020, according to figures from the Automotive Market Information Council (AMIC) picked up by <a href=\"https:\/\/hapijournal.com\/2021\/08\/02\/%D8%A3%D9%85%D9%8A%D9%83-59-%D9%86%D9%85%D9%88%D8%A7-%D8%A8%D9%85%D8%A8%D9%8A%D8%B9%D8%A7%D8%AA-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1\/\">Hapi Journal<\/a>. On a monthly basis sales were up from 15.2k cars <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dd692b37-1c5d-4543-bf4c-3cc5f77337eb\">sold in May<\/a>.<\/p>\n<p><strong>Keeping things in perspective:<\/strong> The annual growth figures aren\u2019t quite as impressive as they seem due to a low base effect. This time last year, auto sales had hit the skids as the government\u2019s lockdown measures caused a sharp drop in consumer demand.<\/p>\n<p><strong>Total auto sales, which includes busses and trucks, also soared 59% y-o-y to 26.2k vehicles<\/strong> <strong>in June<\/strong>. Total sales grew m-o-m from 21k vehicles in May.<\/p>\n<p><strong>The pandemic wasn\u2019t too kind to the auto industry:<\/strong> Sales fell as much as 26% at the height of the lockdown in April as dealerships were shuttered and consumers deferred purchases. Despite that, AMIC figures for FY2020 showed that, overall, sales rose <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74801bf9-ba28-4b78-b3eb-2a78b9161449\">in 2020<\/a> \u2014 even as the pandemic forced a partial lockdown on the economy.<\/p>\n<p><strong>Disclaimer: <\/strong>AMIC is an industry association which only reports data submitted by its member car dealerships.<\/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\/amic\/\">AMIC<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558277\" 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=\"558277\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/mohamed-wasfy-appointed-head-of-hewlett-packard-enterprise-egypt\/\">\r\n                            Mohamed Wasfy appointed head of Hewlett Packard Enterprise Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/mohamed-wasfy-appointed-head-of-hewlett-packard-enterprise-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/mohamed-wasfy-appointed-head-of-hewlett-packard-enterprise-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/mohamed-wasfy-appointed-head-of-hewlett-packard-enterprise-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mohamed Wasfy appointed head of Hewlett Packard Enterprise Egypt&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/mohamed-wasfy-appointed-head-of-hewlett-packard-enterprise-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/mohamed-wasfy-appointed-head-of-hewlett-packard-enterprise-egypt\/&title=Mohamed Wasfy appointed head of Hewlett Packard Enterprise Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mohamed+Wasfy+appointed+head+of+Hewlett+Packard+Enterprise+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F03%2Fmohamed-wasfy-appointed-head-of-hewlett-packard-enterprise-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\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\/08\/03\/mohamed-wasfy-appointed-head-of-hewlett-packard-enterprise-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558277\" class=\"content-area-description single-story post-558277 post type-post status-publish format-standard hentry category-moves tag-enterpriseam tag-ibm tag-moves tag-oracle wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Hewlett Packard Enterprise (HPE)<\/strong> has appointed <strong>Mohamed Wasfy<\/strong> (<a href=\"https:\/\/eg.linkedin.com\/in\/mohamed-wasfy-b6849039\">Linkedin<\/a>) as its new <strong>country manager for Egypt, <\/strong>the company said in a <a href=\"https:\/\/ent.news\/2021\/8\/Press-Release-Hewlett-Packard-Enterprise-appoints-Mohamed-Wasfy-as-Country-Manager-for-Egypt.pdf\">statement (pdf)<\/a><sup><\/sup>. Wasfy has 20 years of experience working in tech companies such as Intercom Enterprise, Oracle, and IBM, and served as the channels manager and acting managing director of HPE Egypt before being appointed to his new role.<\/p>\n<p><strong>Mamdouh Tawfik Draz <\/strong>(<a href=\"https:\/\/www.marketscreener.com\/business-leaders\/Mamdouh-Tawfik-Draz-09MQ1N-E\/biography\/\">bio<\/a>) has stepped down from his role as <strong>managing director <\/strong><strong>and executive director <\/strong>of <strong>Alexandria Containers and Cargo Holding Company<\/strong>, the company said in <a href=\"https:\/\/ent.news\/2021\/8\/%D8%A7%D9%84%D8%AD%D8%A7%D9%88%D9%8A%D8%A7%D8%AA-%D8%A8%D9%8A%D8%A7%D9%86-%D9%85%D9%86-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-02-08-2021.pdf\">a disclosure (pdf)<\/a> to the EGX. Mohamed Ashraff Khalil will be the acting managing director until further notice.<\/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\/ibm\/\">IBM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oracle\/\">oracle<\/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=\"558278\" 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=\"558278\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/earnings-watch-edita-etisalat-misr\/\">\r\n                            Earnings watch: Edita, Etisalat 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\/08\/03\/earnings-watch-edita-etisalat-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\/08\/03\/earnings-watch-edita-etisalat-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\/08\/03\/earnings-watch-edita-etisalat-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=Earnings watch: Edita, Etisalat Misr&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/earnings-watch-edita-etisalat-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\/08\/03\/earnings-watch-edita-etisalat-misr\/&title=Earnings watch: Edita, Etisalat 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=Earnings+watch%3A+Edita%2C+Etisalat+Misr+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F03%2Fearnings-watch-edita-etisalat-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\/08\/03\/earnings-watch-edita-etisalat-misr\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558278\" class=\"content-area-description single-story post-558278 post type-post status-publish format-standard hentry category-earnings-watch tag-cit tag-earnings tag-earnings-watch tag-edita tag-enterpriseam tag-etisalat tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Edita\u2019s bottom line surged over <\/strong><strong>twenty five-fold <\/strong><strong>y-o-y in 2Q2021 to EGP 83 mn<\/strong> from EGP 3.1 mn in the previous year, driven by \u201cstrong top line growth,\u201d new product launches and recovering consumption, the company said in <a href=\"https:\/\/ent.news\/2021\/8\/Edita-2Q2021-Earnings-Report.pdf\">an earnings release (pdf)<\/a>. The snackfood maker\u2019s top line grew almost 50% y-o-y to register EGP 1.15 bn from April-June on the back of increased revenues from its cakes, wafers and bakery segments.<\/p>\n<p><strong>On a six-month basis<\/strong>, Edita\u2019s top line surpassed pre-pandemic levels recorded in 1H2019, reaching EGP 2.3 bn in 1H2021, up 33.7% compared to last year. \u201cSignaling a solid recovery,\u201d net income also demonstrated \u201cimpressive growth with expanding margins,\u201d growing 142.7% y-o-y to EGP 163.7 mn in 1H2021.<\/p>\n<p><strong>Looking ahead, Edita\u2019s first production line in Morocco is expected to be up and running later this year<\/strong>, marking \u201ca key step in delivering on the company\u2019s regional growth strategy,\u201d according to the release. A new bakery production line \u2014 set to give the company a 20% boost in production capacity \u2014 will also be introduced by the end of 1Q2022. On the financing front, Edita secured EGP 90 mn in medium-term funding in March through the CBE\u2019s low-interest financing initiative to bankroll its capital expenditure plans in Egypt.<\/p>\n<p><strong>Etisalat Misr reported revenues of AED 1.23 bn (c. EGP 5.27 bn) in 2Q2021<\/strong>, recording a 25% y-o-y increase in EGP terms, according to the company\u2019s <a href=\"https:\/\/ent.news\/2021\/8\/etisalat-group-results-presentations-q2-2021.pdf\">financial results (pdf)<\/a>. Top line growth was mainly driven by a bump in mobile data traffic, alongside growth in the company\u2019s wholesale business. Etisalat\u2019s Egyptian arm reported a \u201cmarginal increase\u201d in capex as it \u201cfocused on network coverage and capacity. Egypt accounted for c. 9% of Etisalat\u2019s total group revenues of AED 13.2 bn.<\/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\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/edita\/\">Edita<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/etisalat\/\">Etisalat<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558279\" 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=\"558279\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/558279\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558279\" class=\"content-area-description single-story post-558279 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=\"558280\" 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=\"558280\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/hisham-tawfik-on-textiles-and-evs-polymer-notes-and-a-fourth-wave\/\">\r\n                            Hisham Tawfik on textiles and EVs + polymer notes and a fourth wave                        <\/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\/08\/03\/hisham-tawfik-on-textiles-and-evs-polymer-notes-and-a-fourth-wave\/\" 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\/08\/03\/hisham-tawfik-on-textiles-and-evs-polymer-notes-and-a-fourth-wave\/')\">\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\/08\/03\/hisham-tawfik-on-textiles-and-evs-polymer-notes-and-a-fourth-wave\/\">\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=Hisham Tawfik on textiles and EVs + polymer notes and a fourth wave&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/hisham-tawfik-on-textiles-and-evs-polymer-notes-and-a-fourth-wave\/\">\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\/08\/03\/hisham-tawfik-on-textiles-and-evs-polymer-notes-and-a-fourth-wave\/&title=Hisham Tawfik on textiles and EVs + polymer notes and a fourth wave\">\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=Hisham+Tawfik+on+textiles+and+EVs+%2B+polymer+notes+and+a+fourth+wave+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F03%2Fhisham-tawfik-on-textiles-and-evs-polymer-notes-and-a-fourth-wave%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\/08\/03\/hisham-tawfik-on-textiles-and-evs-polymer-notes-and-a-fourth-wave\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558280\" class=\"content-area-description single-story post-558280 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-egp tag-egyptian-iron-and-steel tag-enterpriseam tag-evs tag-hisham-tawfik tag-last-nights-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a good night for business-relevant coverage on the airwaves, with the highlight being Public <\/strong><strong>Enterprises Minister Hisham Tawfik\u2019s <\/strong><strong>sitdown<\/strong> with Sada El Balad\u2019s Ahmed Moussa to recap the country\u2019s efforts to strengthen the Egyptian textile industry, state-owned El Nasr Auto\u2019s plans to produce Chinese EVs, updates on the Egyptian Iron and Steel mining spinoff, and the latest on the development of historical landmarks and buildings through private and public players. You can watch the full interview here (<a href=\"https:\/\/www.youtube.com\/watch?v=JwePN4nY-rE\">watch, runtime: 60:24<\/a>).<\/p>\n<p><strong>Also last night: The CBE\u2019s plans to issue new polymer banknotes<\/strong> were on the agenda for CBE sub-Governor Khaled Farouk, who phoned into Ala Mas\u2019oleety to assure citizens that paper money will still be valid following the issuance of the new EGP 10 and 20 notes (<a href=\"https:\/\/www.youtube.com\/watch?v=TxvacEuQlfw\">watch, runtime: 6:00<\/a>). Farouk also reiterated that these polymer notes are prototypes and do not reflect the final design. The news also got attention from Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=jBIetx-Luvk\">watch, runtime: 8:18<\/a>).<\/p>\n<p><strong>There was still time for covid:<\/strong> Advisor to the health minister Noha Assem told Al Hayah TV\u2019s Lobna Assal that we could enter the fourth wave of the pandemic as early as September amid the reopening of schools, the return of holidaymakers, as well as a prospective return of employees to work from office (<a href=\"https:\/\/www.youtube.com\/watch?v=xl3AO-5qH3s\">watch, runtime: 7:22<\/a>). Adhering to mask use and not reopening workplaces too hastily will be essential as we enter the fourth wave in late fall, Assem said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egp\/\">EGP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-iron-and-steel\/\">Egyptian Iron and Steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hisham-tawfik\/\">Hisham Tawfik<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558281\" 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 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<\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558282\" 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=\"558282\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/a-mixed-bag-in-the-foreign-papers\/\">\r\n                            A mixed bag in the foreign papers                        <\/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 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  <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/a-mixed-bag-in-the-foreign-papers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558282\" class=\"content-area-description single-story post-558282 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-archaeology tag-education tag-enterpriseam tag-muslim-brotherhood wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Another mixed bag on Egypt in the international press today. Among the headlines of note:<\/strong><\/p>\n<ul>\n<li><strong>Water security: <\/strong>Egypt will soon need to import more water than is supplied by the Nile amid a growing population and the impacts of climate change, with <a href=\"https:\/\/www.nature.com\/articles\/s41467-021-24747-9\">a new MIT study<\/a> suggesting the country could face extreme water scarcity within the decade. (<a href=\"https:\/\/phys.org\/news\/2021-08-egypt-extreme-scarcity-decade.html\">Phys.org<\/a>)<\/li>\n<li><strong>Human rights:<\/strong> An Egyptian researcher claims that Egyptians studying abroad are increasingly at risk of being detained when returning home. (<a href=\"https:\/\/www.opendemocracy.net\/en\/north-africa-west-asia\/egyptian-researchers-must-choose-between-forced-exile-and-arrest\/\">Open Democracy<\/a>)<\/li>\n<li><strong>Ancient Egypt:<\/strong> Fruit baskets and ceramic artifacts dating back to the fourth century BC have been found in the legendary sunken port-city of Heracleion. (<a href=\"https:\/\/www.theguardian.com\/science\/2021\/aug\/02\/fruit-baskets-from-fourth-century-bc-found-in-ruins-of-thonis-heracleion\">The Guardian<\/a>)<\/li>\n<li><strong>Egyptian public universities will prepare lists of employees with Ikhwan <\/strong><strong>affiliations<\/strong> who could face dismissal under recently approved <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa0395ae-bbc4-4f8b-b933-ab7ef62042fc\">amendments<\/a> to the civil service act (<a href=\"https:\/\/www.al-monitor.com\/originals\/2021\/08\/egyptian-universities-list-suspected-muslim-brotherhood-affiliates\">Al Monitor<\/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\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/muslim-brotherhood\/\">Muslim Brotherhood<\/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=\"558283\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558284\" 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=\"558284\">\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\/08\/03\/germany-to-jab-12-17-yr-olds-delta-dominates-worldwide\/\">\r\n                            Germany to jab 12-17 yr olds + Delta dominates worldwide                        <\/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\/08\/03\/germany-to-jab-12-17-yr-olds-delta-dominates-worldwide\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Egypt has now disclosed a total of 284,362 confirmed cases of covid-19. The ministry also reported 7 new deaths, bringing the country\u2019s total death toll to 16,535.<\/p>\n<p><strong>The spread of the Delta variant is still causing concern around the world: <\/strong><strong>C<\/strong><strong>hina is <\/strong><strong>seeing its most widespread covid-19 outbreak <\/strong>since the emergence of the virus in late 2019, with <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-02\/delta-variant-is-driving-china-s-broadest-outbreak-since-wuhan\">more than 300 confirmed cases<\/a>across 14 of the country\u2019s 32 provinces. <strong>Mea<\/strong><strong>nwhile, Iran recorded its highest covid-19 death count since April <\/strong>yesterday, with the country experiencing its <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-02\/iran-s-covid-19-cases-hit-new-record-as-delta-variant-surges?srnd=premium-middle-east&sref=mmeFTDW1\">biggest surge in new cases<\/a> since the start of the pandemic, as <strong>Morocco announced it will amend the hours of its current night curfew <\/strong>to start two hours <a href=\"https:\/\/bit.ly\/3jerbpw\">earlier at 20:00 GMT<\/a> amid a tightening of curbs across the country. <strong>Australia\u2019s third largest city of Brisbane is also under lockdown<\/strong> till Sunday, with the state registering <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/australia-extends-covid-19-lockdown-brisbane-sunday-2021-08-02\/\">13 new coronavirus cases in the past 24 hours<\/a>, representing its biggest daily increase in a year.<\/p>\n<p><strong>The US has administered at least one vaccine dose to 70% of its population<\/strong>, hitting president Joe Biden\u2019s target about one month later than planned, <a href=\"https:\/\/www.cnbc.com\/2021\/08\/02\/covid-vaccine-us-reaches-bidens-70percent-goal-for-adults-a-month-behind.html\">CNBC<\/a> reports. But lower rates in local communities could still create pockets of infection that threaten the overall recovery, and FDA officials have said that a vaccination rate of at least 80% of the population is necessary before the US can achieve some form of so-called herd immunity. Several US cities and companies are <a href=\"https:\/\/www.reuters.com\/world\/us\/covid-vaccine-or-test-mandated-new-york-transport-workers-governor-2021-08-02\/\">reinstituting requirements<\/a> to wear masks indoors, even for those fully vaccinated, in efforts to contain a new spike in covid-19 cases ahead of the fall season.<\/p>\n<p><strong>Germany will begin administering vaccines to 12-17 year olds <\/strong>as vaccination uptake in the general population slows, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-02\/germany-to-offer-covid-shots-to-youngsters-as-vaccinations-slow?sref=mmeFTDW1\">Bloomberg<\/a> reports. Germany has administered at least one shot to some 62% of its population, and plans to also offer a booster shot to the elderly or otherwise vulnerable as of September.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558285\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            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tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>PE, watch out: Hedge funds are starting to eye up unlisted companies: <\/strong>Third Point, Marshall Wace, and BlueCrest Capital are among the hedge funds that want to invest in unlisted companies usually snapped up by private equity firms, the <a href=\"https:\/\/on.ft.com\/2TTDcIo\">Financial Times<\/a> reports.<\/p><p><strong>GLOBAL EARNINGS WATCH- HSBC\u2019s net income more than doubled to USD 8.4<\/strong><strong> bn <\/strong><strong>in 1H2021<\/strong>, thanks to the global economic rebound, it said in its earnings <a href=\"https:\/\/www.hsbc.com\/-\/files\/hsbc\/investors\/hsbc-results\/2021\/interim\/pdfs\/hsbc-holdings-plc\/210802-interim-results-2021-media-release.pdf\">statement (pdf)<\/a>. Pre-tax income, meanwhile, rose by USD 6.5 bn to USD 10.8 bn, beating out analysts\u2019 estimate that forecast USD 9.5 bn, and allowing it to make its second dividend payout since covid hit last year.<\/p><p><strong>GLOBAL M&amp;A- Rupert Murdoch\u2019s News Corp is buying IHS Markit\u2019s energy and <\/strong><strong>renewables information service business<\/strong>, as well as other related assets, in a USD 1.15 bn transaction, <a href=\"https:\/\/www.wsj.com\/articles\/news-corp-to-buy-oil-price-information-service-for-1-15-billion-11627907644?mod=hp_lista_pos5\">the Wall Street Journal<\/a> reports. The acquisition is expected to close sometime during the fourth quarter of the year, at which time S&amp;P Global will have acquired IHS Markit itself. S&amp;P agreed late last year to buy IHS Markit for a whopping USD 44 bn, in a transaction that would create what the Financial Times <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3cc88d31-6598-49b3-9dba-e2bd5a65638a\">referred to as<\/a> a \u201cdata and information powerhouse.\u201d<\/p><p><strong>Eurozone manufacturing PMI falls in July, but beats flash estimate:<\/strong> The composite index for the bloc fell to 62.8 in July from a record high of 63.4 in June, but came in slightly higher than a preliminary reading of 62.6, according to the IHS Markit PMI <a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/e8db275755144aeaa6fdaab039e1dfad\">survey (pdf)<\/a>. This comes as \u201cmanufacturers and their suppliers are struggling to raise production fast enough to meet demand, driving prices ever higher,\u201d an IHS economist said. European factories \u2014 especially in Germany and Austria \u2014 have been adding new workers at a rate not seen in two years to meet a growth in new orders.<\/p><p><strong>The story got coverage in the global press<\/strong>: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-02\/european-factories-hire-workers-at-record-pace-to-fill-orders?sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.reuters.com\/article\/eurozone-economy-pmi\/euro-zone-factory-growth-raced-in-july-despite-raw-material-shortages-pmi-idUSZRN002HKS\">Reuters<\/a>.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,821<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.74<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at C<\/strong><strong>I<\/strong><strong>B<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,157<\/p>\n<\/td>\n<td>\n<p>+0.81% (YTD: 28.4%)<\/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>7,404<\/p>\n<\/td>\n<td>\n<p>+0.15% (YTD: 46.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,790<\/p>\n<\/td>\n<td>\n<p>+0.31% (YTD: 12%)<\/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>4,387<\/p>\n<\/td>\n<td>\n<p>-0.18% (YTD: 16.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,082<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: 9.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 72.89<\/p>\n<\/td>\n<td>\n<p>-3.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.97<\/p>\n<\/td>\n<td>\n<p>+0.94%<\/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 1,816<\/p>\n<\/td>\n<td>\n<p>-0.34%<\/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 39,390<\/p>\n<\/td>\n<td>\n<p>-2.4% (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 0.1% at yesterday\u2019s close<\/strong> on turnover of EGP 2.37 bn (47.2% above the 90-day average). Foreign investors were net sellers. The index is down 0.2% YTD.<\/p><p><strong>In the green: <\/strong>Ezz Steel (+6.3%), MM Group (+4.9%) and AMOC (+4.4%).<\/p><p><strong>In the red: <\/strong>Speed Medical (-4.5%), Egyptian for Tourism Resorts (-2.7%) and Mopco (-1.3%).<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/europe\/\">Europe<\/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\/hedge-funds\/\">hedge funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hsbc\/\">HSBC<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/news-corp\/\">News Corp<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/private-equity\/\">private equity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rubert-murdoch\/\">Rubert Murdoch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558286\" 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=\"558286\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/03\/senate-to-vote-on-us-1-tn-bipartisan-infrastructure-package-within-days\/\">\r\n                            Senate to vote on US 1 tn bipartisan infrastructure package within days                        <\/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\/08\/03\/senate-to-vote-on-us-1-tn-bipartisan-infrastructure-package-within-days\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This bill calls for USD 550 bn of new spending to upgrade roads, bridges, waterworks, broadband and the electric grid. Senators will also vote on a budget blueprint that will be a precursor to a USD 3.5 tn social, health, and environmental bill to be considered later this year.<\/p>\n<p><strong>Also worth knowing this morning:<\/strong><\/p>\n<ul>\n<li><strong>Tunisian president Kais Saied has relieved the finance, environment and ICT ministers <\/strong><strong>of their positions<\/strong> as part of his <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d6ce6ce5-784a-4c03-800d-8dc9bc2febc9\">sweeping purge<\/a> of Islamists from the government, <a href=\"https:\/\/www.reuters.com\/world\/africa\/tunisian-president-relieves-finance-agriculture-technologies-ministers-position-2021-08-02\/\">Reuters<\/a> reports.<\/li>\n<li><strong>An Israeli court has proposed a compromise between settlers and Palestinians<\/strong> facing eviction in the East Jerusalem neighborhood of Sheikh Jarrah, whereby Palestinian residents can remain in their homes and retain \u201cprotected status\u201d provided that they pay an annual fee to a settler organization, the <a href=\"https:\/\/www.theguardian.com\/world\/2021\/aug\/02\/palestinians-facing-eviction-from-east-jerusalem-offered-deal\">Guardian<\/a> reports.<\/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\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/biden-administration\/\">Biden administration<\/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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kais-saied\/\">Kais Saied<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-senate\/\">US Senate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section going-green wp-block-group issue-section\" id=\"558287\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/goinggreen\/\">\r\n                            Read going Green                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">12<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/introducing-e-tadweer-the-nationwide-electronic-waste-recycling-app\/\">\r\n                            Introducing \u201cE-Tadweer,\u201d the nationwide electronic waste recycling app<\/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\" 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<\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/introducing-e-tadweer-the-nationwide-electronic-waste-recycling-app\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/79.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=\"558288\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/introducing-e-tadweer-the-nationwide-electronic-waste-recycling-app\/79-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/79.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"79.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/79.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/79.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-558287\" class=\"content-area-description post-558287 goinggreen type-goinggreen status-publish has-post-thumbnail hentry tag-e-recycling tag-e-tadweer tag-enterprise-going-green tag-enterpriseam tag-recycling tag-sustainability tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Government and industry are working together to make sure your old iPhones and laptops are safely recycled: <\/strong>The ICT and environment ministries launched this year \u201cE-Tadweer,\u201d an initiative to promote the safe recycling of outdated electronic items in collaboration with the private sector. A <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.tadweer.app&hl=en&gl=US\">Google Play<\/a> and <a href=\"https:\/\/apps.apple.com\/eg\/app\/etadweer-misr\/id1474937335\">App Store<\/a> app launched almost a month ago allows people to hand in defunct electronics at drop-off points in exchange for vouchers they can use to purchase new devices at partner stores. Authorities began a media campaign in June to promote the app, as well as explain its key components and how it can be used to recycle electronics.<\/p>\n<p><strong>How E-Tadweer works: <\/strong>Regular folk can sign up to the app and upload pictures of electronics they\u2019re no longer using or outdated gadgets that no longer have a market. They can then head to the drop-off points specified by the app and hand over the devices. Users receive e-vouchers provided by the corporate partners, who are currently Vodafone and Raya.<\/p>\n<p><strong>E-recycling in numbers: <\/strong>Egypt produces an estimated 90k tonnes of e-waste a year, 58% of which comes from the private sector, 23% <a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=2836902379882147&id=1468182163420849\">from households<\/a>, and 19% from the public sector, according to figures recently provided by Environment Minister Yasmine Fouad, and statements to Enterprise by Tarek El Araby, who heads the Waste Management Regulatory Authority (WMRA). The ICT and telecoms industry, alone, accounts for 66-73 tonnes of that figure, with other sectors comprising the remainder, El Araby told Enterprise.<\/p>\n<p><strong>Why is this important? <\/strong>Electronic waste <a href=\"https:\/\/recyclecoach.com\/blog\/an-intro-to-e-waste-why-its-a-problem\/\">contains harmful chemicals<\/a> such as mercury and lead that can end up in our soil and water if the devices are not correctly disposed of. Unused electronics are also wasted rare earth mineral deposits, with many electronic devices <a href=\"https:\/\/cacm.acm.org\/magazines\/2019\/3\/234917-electronics-need-rare-earths\/fulltext\">relying<\/a> on these metals \u2014 demand for which has risen in parallel with increasing consumption of electronic goods \u2014 to power their systems. Recycling e-waste would allow us to extract and reuse some of these metals, decreasing our dependence on mining going forward.<\/p>\n<p><strong>The ministry is courting more private investment for electronic waste recycling: <\/strong>The Environment Ministry is looking for ways to make so-called e-recycling the norm, as well as avenues to encourage private sector participation. Senior government and industry officials we spoke to last week told us that e-recycling would get a major shot in the arm by opening up to private investors, but the challenges that had traditionally faced private sector participation in the waste management sector at large remain.<\/p>\n<p><strong>Vodafone Egypt is playing a key role in the initiative. <\/strong>The telecoms major designated several of its branches as drop-off points, provides technical support for the app, and is on board with marketing efforts, Vodafone Egypt CEO Mohamed Abdallah said in a <a href=\"https:\/\/www.eg.undp.org\/content\/egypt\/ar\/home\/presscenter\/pressreleases\/2021\/launch-of-e-tadweer-for-e-waste-management-.html\">recent statement<\/a>.<\/p>\n<p><strong>Raya joins Vodafone<\/strong>: The electronics retailer is also making its stores available as drop-off points and is handing out 5% discount vouchers redeemable at <a href=\"https:\/\/www.rayashop.com\/\">RayaShop<\/a>, Raya Holdings Chairman Medhat Khalil said. So far, Raya has collected some 300 electronic devices from app users, and it says E-Tadweer has received upward of 17k handover requests, Khalil added.<sup><\/sup><\/p>\n<p><strong>More backers: <\/strong>The United Nations Development Programme (UNDP), the Global Environment Facility, and multinational accounting firm Russell Bedford (through local member firm <a href=\"http:\/\/sherifdabbous.com\/\">Sherif Dabbous<\/a>), are also among the initiative\u2019s <a href=\"https:\/\/www.etadweer.com\/en\/#partners\">key backers<\/a>.<\/p>\n<p><strong>One step at a time: <\/strong>Phase one, which is currently underway, allows users to hand over smaller-sized electronic devices including mobile phones, laptops, chargers, cameras, video games, Playstation consoles, and small PC monitors. At later stages, the initiative will allow larger devices such as washing machines, refrigerators, and television sets to be dropped off.<\/p>\n<p><strong>Plenty of room for investment: <\/strong>The numbers make for attractive potential returns for investors, who would get plenty of ground to cover, El Araby tells us. Most of Egypt\u2019s electronic waste, nearly 98%, is snapped up by informal garbage collectors, according to El Araby. Only 2% makes it through to formal waste management channels, El Araby notes.<\/p>\n<p><strong>Incentives on the way: <\/strong>Authorities will unveil a number of incentives for private waste management companies to invest in e-recycling, WMRA\u2019s deputy head, Yasser Mahgoub, meanwhile, says. While nothing is clear yet, Mahgoub hinted that the incentives will extend to other areas beyond e-recycling and will vary depending on sector. They are being drafted in cooperation with the Federation of Egyptian Industries (FEI), he says.<\/p>\n<p><strong>Manufacturers are also set to play a role. <\/strong>The ministry signed an MoU with the FEI to look into ways to bring existing electronics manufacturers on board with the initiative, with plans to give factories incentives to set up recycling facilities to safely dispose of defunct electronics, Fouad recently said.<\/p>\n<p><strong>But there\u2019s still a long way to go: <\/strong>There are currently only seven recycling facilities in Egypt for e-waste, with only 5-10% of the volume of recycled e-waste being handled by the private sector, Mahgoub said. More private sector players are expected to come on board, but they\u2019re waiting for clarity on a waste management legislative framework currently being finalized. Government authorities and legislators are currently holding regular meetings to put the final touches on the framework with private sector players to put in place a mechanism suitable for their needs, he added. Those players include Pepsico, Nestle, and Coca-Cola \u2014 which are discussing working incentives for recycling packaging materials into the legislation, as well as leading electronics manufacturers including Toshiba and LG \u2014 who will also be handed a mechanism expected to be supportive of better e-waste recycling, Magoub says.<\/p>\n<p><strong>BACKGROUND-<\/strong> Egypt embarked on a mission at the start of the 2000s to better manage waste and move away from open air incineration and unsanitary landfilling. One of the key pillars of this plan is a larger private sector role, especially as the government is finding it increasingly difficult to handle all waste management processes centrally. Those efforts, however, continue to be undermined. This is due to several reasons including the fact that the private sector still can\u2019t find a way around structural problems such as the lack of a nationwide collection infrastructure, and that the country still lacks a clear legislative framework for waste management. The government said back in 2019 it plans to reach an 80% rate in municipal waste recycling <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/16\/egypt-targets-80-garbage-recycling-rate-over-the-next-seven-years\/\">by 2026<\/a>.<\/p>\n<p><strong>DIG DEEPER- <\/strong>We took a closer look at challenges facing private sector participation in waste management in Hardhat <a href=\"https:\/\/enterprise.press\/hardhats\/egypts-private-sector-waste-management-industry-struggling-heres\/\">last year<\/a>, and have been keeping a close eye on the recently-ratified <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f88c424-fb0d-4c69-acf8-879ee73744ca\">Waste Management Act<\/a>, for which the executive regulations are still in limbo.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top climate stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>The Waste-to-Energy (WtE) program needs some work<\/strong>: The plan <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b8e85f3-4abd-445e-8890-22baac2066c3\">has been deemed<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b8e85f3-4abd-445e-8890-22baac2066c3\">financially unviable<\/a> by some private sector players, who are calling on the government to introduce new incentives to boost participation.<\/li>\n<li><strong>Egypt has proposed that it hosts the 2022 UN <\/strong><strong><a href=\"https:\/\/unfccc.int\/process\/bodies\/supreme-bodies\/conference-of-the-parties-cop\">climate change conference<\/a><\/strong>, an idea that has reportedly gained support among other African countries.<\/li>\n<li><strong>Paris climate targets:<\/strong> Egypt is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d372e051-8b9a-4cde-8b2a-aca438ffe688\">implementing<\/a> several measures in hopes of reaching net-zero emissions as mandated by the <a href=\"https:\/\/unfccc.int\/process-and-meetings\/the-paris-agreement\/the-paris-agreement\">Paris climate agreement<\/a>, including supporting electric vehicles, public transportation and energy-efficient buildings.<\/li>\n<li><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f19a1503-6194-4601-bedd-4d1762b4b3c0\">Noise pollution<\/a><\/strong><strong> is more harmful than you think<\/strong>: It has been linked to cardiovascular diseases and cognitive impairment in children, and sleep disorders and tinnitus, according to a <a href=\"https:\/\/ent.news\/2021\/7\/WHO-noise-pollution-study.pdf\">study by the World Health Organization (pdf)<\/a>. <strong>And it doesn\u2019t look good for us:<\/strong> Cairo has been named <a href=\"https:\/\/www.soundproofcow.com\/top-10-loudest-cities-world-live\/\">the third noisiest city in the world<\/a>, averaging 90 decibels.<\/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\/e-recycling\/\">e-recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-tadweer\/\">e-Tadweer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/recycling\/\">recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/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\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"558289\" 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\/08\/03\/your-essential-business-calendar-on-3-august-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558289\" class=\"content-area-description single-story post-558289 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>23 July-11 August (Friday-Wednesday): Tokyo 2020 Olympics.<\/p>\n<p>2-4 August (Monday-Wednesday): Egypt is hosting the <a href=\"https:\/\/www.africa-foodmanufacturing.com\/en\/Home.html\">Africa Food Manufacturing<\/a> exhibition at the Egypt International Exhibition Center.<\/p>\n<p>5 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>9 August (Monday): Islamic New Year.<\/p>\n<p>9 August (Monday): Russian flights to Sharm El Sheikh, Hurghada resume.<\/p>\n<p>12 August (Thursday): National holiday in observance of the Islamic New Year.<\/p>\n<p>September: Delegation of Russian companies to visit Russian Industrial Zone.<\/p>\n<p>3-5 September (Friday-Sunday): The World Karate Federation will hold <a href=\"https:\/\/www.wkf.net\/news-center-new\/cairo-replaces-tashkent-as-host-of-2021-karate-1-premier-league\/1606\">the third competition<\/a> of the 2021 Karate 1-Premier League in Cairo.<\/p>\n<p>7-8 September<sup><\/sup> (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>12-15 September (Sunday-Wednesday): Sahara Expo: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/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>21-22 September (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/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.<\/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>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>31 October - 12 November (Sunday-Friday): The 26th UN Climate Change Conference, Glasgow, UK.<\/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>29 November-2 December (Monday-Thursday): Egypt Defense Expo.<\/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>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/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":558266,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-558265","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b844428f-f8d7-48e7-b9ff-648144e2a616","teaser":"","photo_url":"https:\/\/ent.news\/2021\/8\/67.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>New indices to track government bonds are coming to a stock exchange near you - 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\/new-indices-to-track-government-bonds-are-coming-to-a-stock-exchange-near-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New indices to track government bonds are coming to a stock exchange near you\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/new-indices-to-track-government-bonds-are-coming-to-a-stock-exchange-near-you\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:00:58+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/67.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\/new-indices-to-track-government-bonds-are-coming-to-a-stock-exchange-near-you\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/new-indices-to-track-government-bonds-are-coming-to-a-stock-exchange-near-you\/\",\"name\":\"New indices to track government bonds are coming to a stock exchange near you - 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