{"id":558402,"date":"2021-08-09T03:51:40","date_gmt":"2021-08-09T03:51:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=558402"},"modified":"2025-12-16T02:04:18","modified_gmt":"2025-12-16T02:04:18","slug":"its-a-big-day-for-tourism-as-the-red-sea-awaits-first-direct-russian-flights-in-six-years","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-big-day-for-tourism-as-the-red-sea-awaits-first-direct-russian-flights-in-six-years\/","title":{"rendered":"It\u2019s a big day for tourism as the Red Sea awaits first direct Russian flights in six years"},"content":{"rendered":"<section id=\"558404\" 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=\"558404\">\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\/09\/this-morning-russian-flights-to-the-red-sea-return-today\/\">\r\n                            THIS MORNING: Russian flights to the Red Sea return today                        <\/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\/09\/this-morning-russian-flights-to-the-red-sea-return-today\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The first flights from Moscow to Egypt\u2019s Red Sea coast in six years are set to land in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87ee0a12-f801-4476-a5bf-775ddebde97c\">Hurghada<\/a> and <a href=\"https:\/\/bit.ly\/2VyT03E\">Sharm El Sheikh<\/a>, bringing to an end a six-year ban.<\/p><p><strong>The first direct EgyptAir flight from Moscow to the Red Sea will land in <\/strong><strong>Hurghada today at <\/strong><strong>9am CLT<\/strong>, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/196680822502346\">statement<\/a>, with the national flag carrier expected to run seven weekly flights from Moscow \u2014 three to Sharm El Sheikh and four to Hurghada.<\/p><p><strong>Could <\/strong><strong>that number be even higher? <\/strong>Egypt\u2019s ambassador to Moscow, Ehab Nasr, told Sada El Balad that EgyptAir will run 10 direct flights a week divided equally between the two Red Sea resorts (<a href=\"https:\/\/www.youtube.com\/watch?v=sMrTM2qUPqA\">watch, runtime: 22:37<\/a>). The EgyptAir flight to Hurghada this morning will bring as many as 320 Russian tourists the Red Sea resort Nasr told Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=XBTRRFnTKpA\">watch, runtime: 18:32<\/a>), adding that Rossiya Airlines will also run 10 direct flights a week divided between Hurghada and Sharm El Sheikh.<\/p><p><strong>Inflation figures for July should be out tomorrow.<\/strong> Inflation bucked the global trend in June, remaining effectively flat even as countries around the world see prices rise at a pace not seen in years. Price growth in Egypt ticked up to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cbe1f778-c531-4f1d-869e-7bc2c2b06833\">4.9% in June<\/a>, from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a19da710-1330-415c-8993-290f63133dcb\">4.8%<\/a> the month previously thanks to a favorable base effect and a deceleration of food prices.<\/p><p><strong>PSA- We\u2019re feeling a bit European this morning, so our popular weekly verticals are on <\/strong><strong>hiatus. <\/strong>Each week, we take deep dives into infrastructure, education and the green economy in weekly verticals brought to you in association with some of the biggest names in each field. (Orascom Construction, CIRA and Infinity, if you\u2019re keeping track at home.) Just as many European publications put special sections on hiatus in August (and as many offices there close for extended breaks), we\u2019re giving our people the chance to catch a breather while so many of us are in Sahel. <strong>Hardhat, Blackboard and Going Green will be back soon.<\/strong> \ud83d\ude42<\/p><hr class=\"grey-line\"><p><strong>** CATCH UP QUICK<\/strong> on the top stories from yesterday\u2019s edition of <strong>EnterprisePM:<\/strong><\/p><ul>\n<li><strong>Corps-Solutions bond sale in 4Q2021:<\/strong> EFG Hermes Corp-Solutions <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f074b677-501b-4238-9789-fd2db1308d5b\">plans to raise EGP 500-700 mn<\/a> from a securitized bond issuance in 4Q2021<\/li>\n<li><strong>Taaleem could be in the market for an acquisition:<\/strong> Higher education outfit Taaleem could <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bbd80a5b-bc3a-42ad-986c-283e849d2dc6\">potentially acquire an unnamed local education provider<\/a>, Managing Director Mohamed El Rashidi reportedly said.<\/li>\n<li><strong>New EGX closing price mechanism:<\/strong> The EGX\u2019s new mechanism for calculating closing share prices will come into effect on 2 September.<\/li>\n<\/ul><hr class=\"grey-line\"><p><strong>THE BIG STORY ABROAD- Covid-19 and China (as two separate stories) dominate the <\/strong><strong>headlines<\/strong> in the international business press on a typically slow Monday morning. The delta variant of the virus that causes covid-19 is <a href=\"https:\/\/www.wsj.com\/articles\/companies-thought-they-had-a-plan-for-fall-now-they-are-scrapping-it-11628415001\">delaying plans in the US to send workers back to the office and forcing the cancellation of events<\/a>, the Wall Street Journal reports. It\u2019s a sign that <a href=\"https:\/\/www.cnbc.com\/2021\/08\/09\/covid-epidemiologist-larry-brilliant-on-delta-variant-vaccinations.html\">the pandemic is \u201cnot coming to an end soon\u201d<\/a> because so little of the world is vaccinated, CNBC quotes renowned epidemiologist Larry Brilliant as saying in its lead story this morning.<\/p><p><strong>Meanwhile, the Financial Times is still focused on Xi Jinping\u2019s capitalist smackdown<\/strong>, writing that <a href=\"https:\/\/www.ft.com\/content\/7e6f9a08-37be-4ab3-ae15-953533ab33b5\">Chinese tech tycoons have lost a combined USD 87 bn in wealth<\/a> in the wake of the crackdown.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>MARKET WATCH- Global investors head for safety on delta fears:<\/strong> Inflows into global bond and money market funds rose last week as investors sought safer assets in response to rising concerns about the economic impact of the delta covid variant, <a href=\"https:\/\/www.reuters.com\/business\/global-markets-flows-graphics-2021-08-06\/\">Reuters<\/a> reported citing data from Lipper. Money market funds saw inflows of USD 36.68 bn, their highest in 10 weeks, while global bond fund inflows doubled in a week to hit USD 14.6 bn. US 10-year treasury-bond yields hit a six-month low as bonds rallied in the US, Europe, and to a lesser extent Asia.<\/p><p><strong>Global equity funds, meanwhile, saw modest inflows of USD 9.4 bn, marking a 47% weekly drop, <\/strong>as optimism over strong earnings reports was tempered by covid concerns.<\/p><p><strong>Emerging markets bucked the trend:<\/strong> EM equity funds saw net inflows of USD 2.8 bn last week, the biggest weekly inflow in more than four months, according to an analysis of nearly 24k EM funds. Conversely, EM bond funds saw USD 190 mn in net outflows.<\/p><hr class=\"grey-line\"><p><strong>MORNING MUST READ- Huawei \u2014 a leader in 5G tech \u2014 isn\u2019t offering 5G in its newest <\/strong><strong>smartphones:<\/strong> The Chinese telecom giant\u2019s <a href=\"https:\/\/www.theverge.com\/2021\/7\/29\/22598135\/huawei-p50-china-release-date-price-news-features-specs-cameras\">latest flagship models P50 and P50 Pro<\/a> may be much slower than potential buyers anticipate as they operate on 4G, not 5G, <a href=\"https:\/\/www.ft.com\/content\/79e3f647-adc5-4820-b5e9-25342b9aa996\">the Financial Times<\/a> reports. Blame it on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e65b99c-c557-4abb-b0fa-f92bc36382a5\">US sanctions<\/a> as well as supply chain disruptions that have denied the P50 the components needed for ultrafast 5G connections. In turnabout for a company that just a year ago claimed <a href=\"https:\/\/www.cfr.org\/blog\/china-huawei-5g\">a global leadership position in high-speed tech<\/a>, the product\u2019s 4G launch shows Huawei has so far failed to find viable alternative parts and workarounds from its domestic suppliers.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/huawei\/\">Huawei<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sharm-el-sheikh\/\">Sharm El Sheikh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/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=\"558405\" 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=\"558405\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/558405\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558405\" class=\"content-area-description single-story post-558405 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/SOMA-ENTERPRISE-PROME-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558406\" 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=\"558406\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/worlds-biggest-wastewater-plant-gets-more-financing\/\">\r\n                            World\u2019s biggest wastewater plant gets more financing                        <\/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\/09\/worlds-biggest-wastewater-plant-gets-more-financing\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        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href=\"https:\/\/api.whatsapp.com\/send?text=World%E2%80%99s+biggest+wastewater+plant+gets+more+financing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fworlds-biggest-wastewater-plant-gets-more-financing%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\/09\/worlds-biggest-wastewater-plant-gets-more-financing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/121.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558407\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/worlds-biggest-wastewater-plant-gets-more-financing\/121-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/121.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"121.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/121.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/121.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558406\" class=\"content-area-description single-story post-558406 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-arab-contractors tag-debt-watch tag-emirates-nbd tag-enterpriseam tag-hassan-allam-holding 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-02\"><\/a> <strong>Emirates NBD will provide EGP 2 bn in financing to a consortium of four construction fir<\/strong><strong>ms<\/strong> to build the largest agricultural wastewater treatment plant in El Hamam<strong>, <\/strong>according to <a href=\"https:\/\/ent.news\/2021\/8\/NBD.pdf\">a statement (pdf)<\/a>.<\/p>\n<p><strong>The consortium includes Orascom Construction, Hassan Allam Construction, Arab <\/strong><strong>Contractors and <\/strong><strong>Metito<\/strong><strong>. <\/strong>The group was awarded the construction back <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/937f8328-b0fc-4e1f-84d9-893ddd22fc8f\">in March<\/a> and will build an agricultural wastewater treatment plant that\u2019s being billed as the largest of its kind in the world. Construction began in mid-February prior to the announcement of the companies that were to be involved, a cabinet statement had said at the time.<\/p>\n<p><strong>More details on the plant: <\/strong>The plant has a capacity of 6 mn cubic meters of water per day and will also include the construction of a 120 km waterway to carry drainage water from Delta governorates to the plant in El Hamam along the North Coast. The plant will provide water to irrigate up to 500k feddans in the western desert.<\/p>\n<p><strong>Agricultural wastewater projects have been top priority to the government <\/strong>as per its <a href=\"https:\/\/enterprise.press\/hardhats\/counting-costs-govts-usd-50-bn-water-saving-plan\/\">USD<\/a><a href=\"https:\/\/enterprise.press\/hardhats\/counting-costs-govts-usd-50-bn-water-saving-plan\/\">50 bn multi-year water-saving plan<\/a>. Other than El Hamam, there\u2019s the Al Mahsama 1 mn cubic meter a day agriculture wastewater treatment plant, which Hassan Allam and Metito inaugurated back in <a href=\"https:\/\/ent.news\/2020\/4\/Metito-Al-Mahsamma-Final-English.pdf\">April<\/a>.<\/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\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hassan-allam-holding\/\">Hassan Allam Holding<\/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\/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=\"558408\" 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=\"558408\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/sahel-is-getting-1-3k-new-hotel-rooms\/\">\r\n                            Sahel is getting 1.3k new hotel rooms                        <\/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\/09\/sahel-is-getting-1-3k-new-hotel-rooms\/\" 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\/09\/sahel-is-getting-1-3k-new-hotel-rooms\/')\">\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\/09\/sahel-is-getting-1-3k-new-hotel-rooms\/\">\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=Sahel is getting 1.3k new hotel rooms&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/sahel-is-getting-1-3k-new-hotel-rooms\/\">\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\/09\/sahel-is-getting-1-3k-new-hotel-rooms\/&title=Sahel is getting 1.3k new hotel rooms\">\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=Sahel+is+getting+1.3k+new+hotel+rooms+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fsahel-is-getting-1-3k-new-hotel-rooms%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\/09\/sahel-is-getting-1-3k-new-hotel-rooms\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/122.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558409\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/sahel-is-getting-1-3k-new-hotel-rooms\/122-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/122.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"122.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/122.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/122.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558408\" class=\"content-area-description single-story post-558408 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-enterpriseam tag-hospitality tag-tourism tag-travel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Some 1.3k new hotel rooms are expected to be built in the North Coast<\/strong>, bringing the total number of hotel rooms in the North Coast to 3k, Deputy Tourism Minister Ghada Shalaby told <a href=\"https:\/\/bit.ly\/2VAoerw\">Hapi Journal<\/a>, without specifying an estimated timeframe. Shalaby didn\u2019t break down how many of the rooms would be as expansions of existing hotels vs. how many would be at new properties.<\/p>\n<p><strong>Egypt wants to add 10k hotel rooms nationwide by the end of 2021 alone<\/strong>, a Tourism Ministry source <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7cf4e63f-4b27-41d6-ae40-96228bb65a89\">previously said.<\/a> The additional 10k rooms will give us a total national stock of 215k hotel rooms, the source added. This comes as new projects put on ice during the pandemic look to resume activity, which is expected to grow the number of hotel rooms in Alexandria by 12% and those in Cairo by some 4%, according to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bdce7054-0db9-47c1-833b-05d62ba81392\">Collier\u2019s International<\/a>.<\/p>\n<p><strong>Hotels in Cairo, Alexandria and the North Coast are now allowed to <\/strong><strong>operat<\/strong><strong>e at 70% <\/strong><strong>capacity<\/strong> \u2014 the highest level they've seen since the pandemic began, courtesy of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e610747-1d5b-49ff-a263-f09285820df2\">the new rules the government imposed last month<\/a> in light of the improving epidemiological situation. A <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1bb3ec4e-133c-4cf4-a351-b54b300e282f\">50% cap on hotels<\/a> had previously been in place for more than a year, after being raised from 25% in June 2020. Red Sea resorts in Hurghada and South Sinai \u2014 currently foreign tourists\u2019 go-to place for holidaymaking in Egypt \u2014 witnessed a 48% occupancy rate, according to Shalaby.<\/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\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/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=\"558410\" 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=\"558410\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/558410\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558410\" class=\"content-area-description single-story post-558410 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\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=\"558411\" 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=\"558411\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/jj-shots-land-in-egypt-pfizer-to-soon-follow\/\">\r\n                            J&#038;J shots land in Egypt, Pfizer to soon follow                        <\/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\/09\/jj-shots-land-in-egypt-pfizer-to-soon-follow\/\" 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\/09\/jj-shots-land-in-egypt-pfizer-to-soon-follow\/')\">\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\/09\/jj-shots-land-in-egypt-pfizer-to-soon-follow\/\">\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=J&#038;J shots land in Egypt, Pfizer to soon follow&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/jj-shots-land-in-egypt-pfizer-to-soon-follow\/\">\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\/09\/jj-shots-land-in-egypt-pfizer-to-soon-follow\/&title=J&#038;J shots land in Egypt, Pfizer to soon follow\">\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=J%26%23038%3BJ+shots+land+in+Egypt%2C+Pfizer+to+soon+follow+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fjj-shots-land-in-egypt-pfizer-to-soon-follow%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\/09\/jj-shots-land-in-egypt-pfizer-to-soon-follow\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558411\" class=\"content-area-description single-story post-558411 post type-post status-publish format-standard hentry category-covid-watch tag-african-union tag-astrazeneca tag-covax tag-covid-19 tag-enterpriseam tag-hala-zayed tag-health-ministry tag-johnson-johnson tag-pfizer tag-travel tag-vaccines 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>Egypt received its <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5c83e89-8091-4920-b12b-dd92120c385c\">first 260.6k batch of Johnson & Johnson<\/a><\/strong><strong> vaccines through the African <\/strong><strong>U<\/strong><strong>nion overnight, <\/strong>the Health Minister Hala Zayed announced in a <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/135346275443262\">statement<\/a>. The shots will be distributed among the 126 vaccination centers dedicated to travelers, where individuals can also obtain <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1e34ad9-6773-466f-8299-8ae3246409f6\">QR code-bearing vaccination certificates<\/a>.<\/p>\n<p><strong>We\u2019re expecting to receive more batches of J&J in the near future<\/strong>, the minister said, without specifying a time frame. The African Union is providing us with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5b6b112-2359-4d77-8e56-ef78298a3eba\">25 mn doses<\/a> of the single-shot vaccine while the government reportedly placed an order directly with the company earlier this year for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8980ecbc-a193-449c-a2a0-eaefe5c43983\">4 mn doses<\/a>, though these are not expected to arrive until the fourth quarter. We had originally been expecting to receive the first J&J shots <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5cd6ac94-a5e1-4ce0-acfe-09a1e3023036\">in July<\/a>.<\/p>\n<p><strong>Remember, if you\u2019ve already been jabbed, you\u2019re unlikely to be able to get J&J just yet: <\/strong>No program is in place right now to allow people who have already been jabbed to request a second course of a vaccine they may need to travel without quarantining, Mohamed Al Nadi \u2014 a member of the government\u2019s covid-19 committee \u2014 told us <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/074b2004-482e-43ca-a435-c404a1118a8f\">last week<\/a>.<\/p>\n<p><strong>But you might be able to if you\u2019ve only had one dose: <\/strong>In response to questions from the public, the health ministry\u2019s <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/135281555449734\">Facebook page admins wrote<\/a> that people could get a different second dose than their first, provided that they sign a waiver.<\/p>\n<p><strong>Then again, maybe not?<\/strong> Health Ministry spokesperson Khaled Megahed told Al Hayah Al Youm that individuals must take the same vaccine for their second dose as they did for their first (<a href=\"https:\/\/www.youtube.com\/watch?v=exwFLOApjB4\">watch, runtime: 5:07<\/a>).<\/p>\n<p><strong>So the bottom line:<\/strong> Wait and see. Or show up and take your chances.<\/p>\n<p><strong>We\u2019re also due to receive this week the final 1.9 mn doses of Oxford \/ AstraZeneca<\/strong> Egypt has been allocated under the Gavi \/ Covax program.<\/p>\n<p><strong>And our first 2.5 mn-dose shipment of the Pfizer mRNA vaccine is also expected to land <\/strong><strong>here at home within days<\/strong>, Health Ministry spokesperson Khaled Megahed told Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=exwFLOApjB4\">watch, runtime: 5:07<\/a>) last night. The ministry is prepared for the safe storage of jabs that require subzero temperatures such as Pfizer\u2019s, having recently received ultra-cold biomedical refrigerators, Megahed told <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2393372\">Al Masry Al Youm<\/a>. We were also originally also set to receive these shots in mid-July, but the shipment was delayed.<\/p>\n<p><strong>ON THE HOMEMADE FRONT- Made-in-Egypt Sinovac shots will be distributed to <\/strong><strong>vaccination centers next Saturday 14 <\/strong><strong>August<\/strong>, Megahed added. Megahed did not specify how many doses would be made available, though he said last week that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/074b2004-482e-43ca-a435-c404a1118a8f\">1 mn doses of the locally-manufactured jab<\/a> would be distributed in the coming two weeks.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/135356632108893\">reported<\/a><\/strong><strong> 65 new covid-19 infections yesterday<\/strong>, up from 61 the day before. Egypt has now disclosed a total of 284,706 confirmed cases of covid-19. The ministry also reported 9 new deaths, bringing the country\u2019s total death toll to 16,575.<\/p>\n<p><strong>That makes it (nearly) the 13th day in a row that the daily new case count has risen<\/strong> according to our in-house covid tracker. The number of new reported covid-19 infections has been steadily inching up since 27 July, with the exception of a brief drop on 5 August.<\/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\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/astrazeneca\/\">AstraZeneca<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covax\/\">Covax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hala-zayed\/\">Hala Zayed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-ministry\/\">Health Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/johnson-johnson\/\">Johnson &amp; Johnson<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558412\" 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=\"558412\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/uae-super-app-rizek-launches-in-egypt\/\">\r\n                            UAE \u201csuper app\u201d Rizek launches in 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\/09\/uae-super-app-rizek-launches-in-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\/09\/uae-super-app-rizek-launches-in-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\/09\/uae-super-app-rizek-launches-in-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=UAE \u201csuper app\u201d Rizek launches in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/uae-super-app-rizek-launches-in-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\/09\/uae-super-app-rizek-launches-in-egypt\/&title=UAE \u201csuper app\u201d Rizek launches in 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=UAE+%E2%80%9Csuper+app%E2%80%9D+Rizek+launches+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fuae-super-app-rizek-launches-in-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\/09\/uae-super-app-rizek-launches-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/123.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558413\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/uae-super-app-rizek-launches-in-egypt\/123-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/123.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"123.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/123.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/123.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558412\" class=\"content-area-description single-story post-558412 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam tag-rizek tag-startup-watch tag-startups tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>UAE-based services \u201csuper app\u201d <\/strong><strong><a href=\"https:\/\/rizek.com\/\">Rizek<\/a><\/strong><strong> is rolling out in Egypt<\/strong>, providing users with access under one umbrella to a number of third-party mobile apps that offer a raft of one-stop-shop home services, <a href=\"https:\/\/bit.ly\/3AnNi3D\">Al Mal<\/a> reports. The app is designed to allow you to do everything from getting your car washed to booking medical appointments for yourself and your pets. Rizek had raised <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75e8a424-30d3-416c-b15b-d9cfe8393d01\">USD 10 mn<\/a> to finance its Egypt expansion plans earlier this year in a round led by Abu Dhabi wealth fund ADQ and US-based financial investment company Peak Investments.<\/p>\n<p><strong>About Rizek:<\/strong> Established in 2020, Rizek is deemed the UAE\u2019s first local \u201csuper app\u201d for on-demand services. In June 2020, the startup <a href=\"https:\/\/www.wamda.com\/2020\/06\/rizek-raises-3-5-million-seed-funding\">raised USD 3.5 mn<\/a> in a seed funding round from Abu Dhabi Investment Office, E-Tech Investments, Rozana Investments and some other stakeholders \u2014 the largest seed round ever to be raised in the MENA region.<\/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\/rizek\/\">Rizek<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"558414\" 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=\"558414\">\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\/09\/heads-of-fra-sca-reappointed-for-another-year\/\">\r\n                            Heads of FRA, SCA reappointed for another year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/heads-of-fra-sca-reappointed-for-another-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/heads-of-fra-sca-reappointed-for-another-year\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/heads-of-fra-sca-reappointed-for-another-year\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Heads of FRA, SCA reappointed for another year&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/heads-of-fra-sca-reappointed-for-another-year\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/heads-of-fra-sca-reappointed-for-another-year\/&title=Heads of FRA, SCA reappointed for another year\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Heads+of+FRA%2C+SCA+reappointed+for+another+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fheads-of-fra-sca-reappointed-for-another-year%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/heads-of-fra-sca-reappointed-for-another-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558414\" class=\"content-area-description single-story post-558414 post type-post status-publish format-standard hentry category-moves tag-abdel-fattah-el-sisi tag-enterpriseam tag-financial-regulatory-authority tag-mohamed-omran tag-moves tag-osama-rabie tag-suez-canal-authority 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>Financial Regulatory Authority (FRA) Chairman <\/strong><strong><a href=\"https:\/\/bit.ly\/3s0t1yd\">Mohamed Omran<\/a><\/strong><strong> and Suez Canal <\/strong><strong>Authority (SCA) Chairman <\/strong><strong><a href=\"https:\/\/gate.ahram.org.eg\/News\/2888724.aspx\">Osama Rabie<\/a><\/strong><strong> have both been reappointed for one-year terms <\/strong>by President Abdel Fattah El Sisi, according to an announcement in Sunday\u2019s Official Gazette. Omran was <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/22\/omran-appointed-as-interim-head-of-efsa-awaits-parliament-approval-for-full-time-appointment\/\">first appointed<\/a> to run the FRA, then known as the EFSA, on an interim basis in 2017, and was made the full-time chairman in 2018. Rabie has been head of the SCA for <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/18\/egypt-gets-new-suez-canal-heads-replacing-central-figure-mamish\/\">two years<\/a>.<\/p>\n<p>The news comes one day after <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08fac608-83ef-4fd7-9b21-565174183d18\">Mohamed Farid was reappointed for a second four-year term<\/a><\/strong> as chairman of the Egytpian Exchange.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-omran\/\">Mohamed Omran<\/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\/osama-rabie\/\">Osama Rabie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/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=\"558415\" 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=\"558415\">\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\/09\/mnhds-consolidated-net-income-down-53-in-1h2021\/\">\r\n                            MNHD\u2019s consolidated net income down 53% in 1H2021                        <\/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\/09\/mnhds-consolidated-net-income-down-53-in-1h2021\/\" 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\/09\/mnhds-consolidated-net-income-down-53-in-1h2021\/')\">\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\/09\/mnhds-consolidated-net-income-down-53-in-1h2021\/\">\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=MNHD\u2019s consolidated net income down 53% in 1H2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/mnhds-consolidated-net-income-down-53-in-1h2021\/\">\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\/09\/mnhds-consolidated-net-income-down-53-in-1h2021\/&title=MNHD\u2019s consolidated net income down 53% in 1H2021\">\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=MNHD%E2%80%99s+consolidated+net+income+down+53%25+in+1H2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fmnhds-consolidated-net-income-down-53-in-1h2021%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\/09\/mnhds-consolidated-net-income-down-53-in-1h2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558415\" class=\"content-area-description single-story post-558415 post type-post status-publish format-standard hentry category-earnings-watch tag-earnings tag-earnings-watch tag-enterpriseam tag-madinet-masr-for-housing-and-development tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Madinet Nasr Housing and Development\u2019s (MNHD) consolidated net income fell <\/strong><strong>53% y-o-y in 1H2021 to EGP 228.6 mn<\/strong>, down from EGP 481.9 mn the year before, according to the company\u2019s unaudited <a href=\"https:\/\/ent.news\/2021\/8\/MNHD-FINANCIALS.pdf\">financials (pdf)<\/a>. Revenues declined 27% y-o-y to EGP 954.5 mn during the six-month period, compared to the EGP 1.3 bn recorded in H12020. The decline is in part due to an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e2bfd40-fc76-4035-9b81-7a46b1bb43bb\">unfavorable base effect<\/a> caused by a one-time land sale that resulted in EGP 1.15 bn in proceeds in the comparable period last year. The company did not release adjusted figures to allow an apples-to-apples comparison, and the release does not include an update on new sales in 1H.<\/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\/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\/madinet-masr-for-housing-and-development\/\">Madinet Masr for Housing and Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558416\" 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=\"558416\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/558416\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558416\" class=\"content-area-description single-story post-558416 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-Sea-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558417\" 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=\"558417\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/agricultural-exporters-get-another-3-months-to-comply-with-new-saudi-requirements\/\">\r\n                            Agricultural exporters get another 3 months to comply with new Saudi requirements                        <\/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\/09\/agricultural-exporters-get-another-3-months-to-comply-with-new-saudi-requirements\/\" 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\/09\/agricultural-exporters-get-another-3-months-to-comply-with-new-saudi-requirements\/')\">\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\/09\/agricultural-exporters-get-another-3-months-to-comply-with-new-saudi-requirements\/\">\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=Agricultural exporters get another 3 months to comply with new Saudi requirements&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/agricultural-exporters-get-another-3-months-to-comply-with-new-saudi-requirements\/\">\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\/09\/agricultural-exporters-get-another-3-months-to-comply-with-new-saudi-requirements\/&title=Agricultural exporters get another 3 months to comply with new Saudi requirements\">\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=Agricultural+exporters+get+another+3+months+to+comply+with+new+Saudi+requirements+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fagricultural-exporters-get-another-3-months-to-comply-with-new-saudi-requirements%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\/09\/agricultural-exporters-get-another-3-months-to-comply-with-new-saudi-requirements\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558417\" class=\"content-area-description single-story post-558417 post type-post status-publish format-standard hentry category-also-on-our-radar tag-agriculture tag-agriculture-export-council tag-also-on-our-radar tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Exporters have 90 days to comply with requirements set by Saudi Arabia for <\/strong><strong>Egyptian agricultural exports, <\/strong>after the Agricultural Export Council extended the previous deadline of 10 August, according to a <a href=\"https:\/\/ent.news\/2021\/8\/Agricultural-Export-Council.pdf\">statement (pdf)<\/a>. The Saudi Food and Drug Authority said in May it would introduce <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ad7bd42-d124-4747-91fc-2f3c9dcafb07\">new controls on crops<\/a> imported from Egypt from July, requiring all fresh foods, crops and spices to acquire a certificate of conformity proving they comply with Saudi food safety regulations.<\/p><p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p><ul>\n<li>The <strong>Environment Ministry<\/strong> <a href=\"https:\/\/bit.ly\/3lIKRo9\">is in talks<\/a> with US energy firm <strong>3i Energy<\/strong> to set up a new biofuel <strong>waste-to-energy plant<\/strong> in <strong>Fayoum<\/strong>.<\/li>\n<li>The government is planning to <strong>expand urban areas to 8% of Egypt\u2019s <\/strong><strong>land surface<\/strong>, up from the current 7%, through establishing new cities and settlements that will <strong>accommodate an additional 10 mn people by 2022<\/strong>, Planning Minister Hala El Said <a href=\"https:\/\/www.facebook.com\/MPEDEGYPT\/photos\/a.939672636049550\/4972793256070781\/\">said<\/a>.<\/li>\n<\/ul>\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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture-export-council\/\">Agriculture Export Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558418\" 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=\"558418\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/sisi-congratulates-feryal-ashraf-on-historic-olympic-gold\/\">\r\n                            Sisi congratulates Feryal Ashraf on historic Olympic gold                        <\/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\/09\/sisi-congratulates-feryal-ashraf-on-historic-olympic-gold\/\" 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\/09\/sisi-congratulates-feryal-ashraf-on-historic-olympic-gold\/')\">\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\/09\/sisi-congratulates-feryal-ashraf-on-historic-olympic-gold\/\">\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=Sisi congratulates Feryal Ashraf on historic Olympic gold&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/sisi-congratulates-feryal-ashraf-on-historic-olympic-gold\/\">\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\/09\/sisi-congratulates-feryal-ashraf-on-historic-olympic-gold\/&title=Sisi congratulates Feryal Ashraf on historic Olympic gold\">\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=Sisi+congratulates+Feryal+Ashraf+on+historic+Olympic+gold+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fsisi-congratulates-feryal-ashraf-on-historic-olympic-gold%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\/09\/sisi-congratulates-feryal-ashraf-on-historic-olympic-gold\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558418\" class=\"content-area-description single-story post-558418 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-aviation tag-enterpriseam tag-feryal-ashraf tag-japan tag-last-nights-talk-shows tag-russia tag-sisi tag-sports tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>The highlight of last night\u2019s talk shows: President Abdel Fattah El Sisi\u2019s phone-in <\/strong><strong>to Channel One to laud <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c836040-8e9c-42e1-b881-077941245562\">Feryal Ashraf\u2019s historic Olympic achievement<\/a><\/strong> as she won Egypt's only gold medal in Tokyo (<a href=\"https:\/\/www.youtube.com\/watch?v=_eb7g7WmiHs\">watch, runtime: 16:11<\/a>). El Sisi vowed to name one of the highways currently under construction after the karate champion \u2014 who is also the first Egyptian woman ever to claim an Olympic gold \u2014 while instructing the concerned authorities to pay particular attention to developing martial arts in Egypt.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/feryal-ashraf\/\">Feryal Ashraf<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sisi\/\">Sisi<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558419\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 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alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" 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   \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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/archaeological-objects-have-the-power-to-inspire\/\">\r\n                            Archaeological objects have the power to inspire                        <\/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 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         <\/a>\r\n\r\n                \n<article id=\"post-558420\" class=\"content-area-description single-story post-558420 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-archaeology tag-enterpriseam tag-sports tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a quiet morning for Egypt in the international press<\/strong><strong>:<\/strong> Egypt\u2019s Olympic performance is still getting coverage from <a href=\"http:\/\/www.xinhuanet.com\/english\/2021-08\/08\/c_1310115978.htm\">Xinhua<\/a>, while this charming piece in <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2021\/aug\/08\/the-guardian-view-on-fruit-bowls-from-ancient-egypt-touching-the-past\">The Guardian<\/a> takes a fruit basket found among the wreckage of Thonis-Heracleion as a starting point to reflect on the joys and wonders of archaeology. Elsewhere, the <a href=\"https:\/\/www.washingtonpost.com\/opinions\/letters-to-the-editor\/egypt-has-feet-of-clay\/2021\/08\/08\/8bdc51d8-f607-11eb-a636-18cac59a98dc_story.html\">Washington Post<\/a> is running a letter to the editor questioning the provision of US funding to Egypt.<\/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\/archaeology\/\">archaeology<\/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\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558421\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558422\" 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=\"558422\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/oil-price-drop-hits-kuwaits-finances-nike-and-adidas-face-supply-chain-crisis\/\">\r\n                            Oil price drop hits Kuwait\u2019s finances + Nike and Adidas face supply chain crisis                        <\/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\/09\/oil-price-drop-hits-kuwaits-finances-nike-and-adidas-face-supply-chain-crisis\/\" 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\/09\/oil-price-drop-hits-kuwaits-finances-nike-and-adidas-face-supply-chain-crisis\/')\">\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\/09\/oil-price-drop-hits-kuwaits-finances-nike-and-adidas-face-supply-chain-crisis\/\">\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=Oil price drop hits Kuwait\u2019s finances + Nike and Adidas face supply chain crisis&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/oil-price-drop-hits-kuwaits-finances-nike-and-adidas-face-supply-chain-crisis\/\">\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\/09\/oil-price-drop-hits-kuwaits-finances-nike-and-adidas-face-supply-chain-crisis\/&title=Oil price drop hits Kuwait\u2019s finances + Nike and Adidas face supply chain crisis\">\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=Oil+price+drop+hits+Kuwait%E2%80%99s+finances+%2B+Nike+and+Adidas+face+supply+chain+crisis+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Foil-price-drop-hits-kuwaits-finances-nike-and-adidas-face-supply-chain-crisis%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\/09\/oil-price-drop-hits-kuwaits-finances-nike-and-adidas-face-supply-chain-crisis\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558422\" class=\"content-area-description single-story post-558422 post type-post status-publish format-standard hentry category-planet-finance tag-bonds tag-budget-deficit tag-china tag-enterpriseam tag-financial-markets tag-inflation tag-kuwait tag-nika tag-planet-finance tag-ppi tag-sp 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>Kuwait in trouble after oil price drop:<\/strong> Kuwait\u2019s budget deficit almost tripled last year as the 2020 oil price crash and the covid-19 pandemic squeezed the oil-dependent nation\u2019s finances. The deficit climbed by 175% y-o-y reaching USD 36 bn during the fiscal year that ended in March, according to <a href=\"https:\/\/twitter.com\/MOFKW\/status\/1423960918392811524\">official figures<\/a> released yesterday by the country\u2019s finance ministry. The figures come less than a month after Kuwait had its <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-16\/kuwait-credit-rating-cut-for-second-time-in-two-years-by-s-p\">credit rating downgraded by S&amp;P<\/a> for the second time in less than two years.<\/p><p><strong>Nike and Adidas\u2019 supply chains are under threat amid factory closures in major <\/strong><strong>supplier Vietnam<\/strong> due to rising covid-19 infections. Two big footwear suppliers for the companies suspended operations last month, putting the footwear brands <a href=\"https:\/\/www.spglobal.com\/marketintelligence\/en\/news-insights\/latest-news-headlines\/nike-may-run-out-of-vietnamese-sneakers-as-covid-19-accelerates-65536921\">at risk of running out of Vietnam-made sneakers<\/a>, where almost half of the two manufacturers' stocks were sourced last year, <a href=\"https:\/\/www.ft.com\/content\/d6726026-e4ce-466f-975f-6e9983d33d72\">the Financial Times<\/a> reports. Only 1% of the country\u2019s population has been vaccinated, and covid-19 restrictions and flare ups have also hampered supply chains in the electronics and garments sectors.<\/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>10,739<\/p>\n<\/td>\n<td>\n<p>+0.14% (YTD: -1.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,215<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +29.1%)<\/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>7,501<\/p>\n<\/td>\n<td>\n<p>+1.1% (YTD: +48.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,823<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +13.3%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,437<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: +18.1%)<\/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>7,123<\/p>\n<\/td>\n<td>\n<p>+0.04% (YTD: +10.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 69.49<\/p>\n<\/td>\n<td>\n<p>-1.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 4.16<\/p>\n<\/td>\n<td>\n<p>+0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,728.10<\/p>\n<\/td>\n<td>\n<p>-2.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 44,211<\/p>\n<\/td>\n<td>\n<p>+2.5% (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 0.14% at yesterday\u2019s close<\/strong> on turnover of EGP 1.76 bn (26.7% above the 90-day average). Foreign investors were net sellers. The index is down 0.98% YTD.<\/p><p><strong>In the green: <\/strong>Qalaa Holdings (+3.4%)<strong>, <\/strong>Rameda Pharma (+3%), and MM Group (+2.7%).<\/p><p><strong>In the red: <\/strong>Pioneers Holding (-2.3%), Cleopatra Hospitals Group (-1.9%) and Egyptian Resorts Company (-1.4%).<\/p><p><strong>It\u2019s green as far as the eye can see in Asia this morning<\/strong>, with all major indexes holding their own. Futures, meanwhile, suggest stocks on Wall Street will come under pressure at the opening bell, but that Bay Street will see the TSX Composite start the morning in the green when it opens later today.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budget-deficit\/\">budget deficit<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nika\/\">Nika<\/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\/ppi\/\">PPI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sp\/\">S&amp;P<\/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=\"558423\" 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=\"558423\">\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\">IN DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/king-of-bahrain-coming-to-town-for-talks-algeria-says-gerd-mediation-going-well\/\">\r\n                            King of Bahrain coming to town for talks + Algeria says GERD mediation going well                        <\/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\/09\/king-of-bahrain-coming-to-town-for-talks-algeria-says-gerd-mediation-going-well\/\" 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\/09\/king-of-bahrain-coming-to-town-for-talks-algeria-says-gerd-mediation-going-well\/')\">\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\/09\/king-of-bahrain-coming-to-town-for-talks-algeria-says-gerd-mediation-going-well\/\">\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=King of Bahrain coming to town for talks + Algeria says GERD mediation going well&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/king-of-bahrain-coming-to-town-for-talks-algeria-says-gerd-mediation-going-well\/\">\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\/09\/king-of-bahrain-coming-to-town-for-talks-algeria-says-gerd-mediation-going-well\/&title=King of Bahrain coming to town for talks + Algeria says GERD mediation going well\">\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=King+of+Bahrain+coming+to+town+for+talks+%2B+Algeria+says+GERD+mediation+going+well+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fking-of-bahrain-coming-to-town-for-talks-algeria-says-gerd-mediation-going-well%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\/09\/king-of-bahrain-coming-to-town-for-talks-algeria-says-gerd-mediation-going-well\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558423\" class=\"content-area-description single-story post-558423 post type-post status-publish format-standard hentry category-in-diplomacy tag-abbas-kamel tag-abdel-fattah-el-sisi tag-algeria tag-bahrain tag-diplomacy tag-enterpriseam tag-ethiopia tag-gerd tag-in-diplomacy tag-israel tag-palestine tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi is inviting Bahraini King Hamad bin Isa Al Khalifa to <\/strong><strong>Cairo for talks<\/strong> in a letter passed along by Foreign Minister Sameh Shoukry during his meeting yesterday with King Hamad in Manama, according to <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/131035335872988\">a Foreign Ministry statement<\/a>. Shoukry has been in Bahrain since <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e27e26f6-98dc-47fb-a54e-ddbe475cb2db\">Saturday<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c836040-8e9c-42e1-b881-077941245562\">met<\/a> with Bahraini Foreign Minister Abdullatif bin Rashid Alzayani in the Bahraini capital to discuss further improving bilateral ties.<\/p>\n<p><strong>Algeria (of all countries) says its GERD intervention has elicited a positive response from Egypt,<\/strong><strong> Sudan, and Ethiopia<\/strong>, with Algerian president Abdelmadjid Tebboune telling the Algerian press Sunday that diplomats have urged the countries to refrain from launching \u201cheated responses\u201d so as not to escalate the ongoing dispute, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2393492\">Al Masry Al Youm<\/a> reports. The local press had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17fa8695-1cb6-456f-93a1-470d47e8cfe1\">picked up reports<\/a> of Algeria\u2019s potential involvement in resolving the GERD dispute earlier this month, after Ethiopia called on the country to play a role in correcting misconceptions by the Arab League over GERD. Ethiopia completed the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9bac17b-7239-47c1-bef4-22223142b14b\">second filling of GERD<\/a> last month, despite protests from Egypt and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/07322b89-8498-4dd0-8bde-f17677ee75e9\">Sudan<\/a>.<\/p>\n<p><strong>Egyptian intelligence chief Abbas Kamel met yesterday with Israeli National <\/strong><strong>Security Advisor-designate Eyal Hulata<\/strong>, who was here in town for a \u201cquick visit,\u201d Israeli news site <a href=\"https:\/\/www.ynetnews.com\/article\/hjhhuvajk\">YNet News<\/a> reported. Details of the content of the talks remains scant, but it\u2019s likely discussions included the past weekend\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91efe25e-d2ac-4fe5-96fd-d0edb5b67288\">rocket attacks between Lebanon\u2019s Hezbollah and Israel<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bbb51918-0eab-4215-859d-e7e4850047c9\">the row between Israel and Iran<\/a> over last week\u2019s Gulf tanker attack, as well as the resumption of peace talks between Israel and the Palestinians.<\/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\/abbas-kamel\/\">Abbas Kamel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/in-diplomacy\/\">IN DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558424\" 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=\"558424\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/sudan-withdraws-ambassador-to-ethiopia\/\">\r\n                            Sudan withdraws ambassador to Ethiopia                        <\/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\/09\/sudan-withdraws-ambassador-to-ethiopia\/\" 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\/09\/sudan-withdraws-ambassador-to-ethiopia\/')\">\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\/09\/sudan-withdraws-ambassador-to-ethiopia\/\">\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=Sudan withdraws ambassador to Ethiopia&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/sudan-withdraws-ambassador-to-ethiopia\/\">\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\/09\/sudan-withdraws-ambassador-to-ethiopia\/&title=Sudan withdraws ambassador to Ethiopia\">\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=Sudan+withdraws+ambassador+to+Ethiopia+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F09%2Fsudan-withdraws-ambassador-to-ethiopia%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\/09\/sudan-withdraws-ambassador-to-ethiopia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558424\" class=\"content-area-description single-story post-558424 post type-post status-publish format-standard hentry category-around-the-world tag-abbas-kamel tag-around-the-world tag-bahrain tag-diplomacy tag-enterpriseam tag-ethiopia tag-foreign-affairs tag-gerd tag-israel tag-politics tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Amid rising tension, Khartoum recalls its ambassador to <\/strong><strong>Addis Ababa:<\/strong> Sudan has recalled its ambassador to Ethiopia over disagreements about how to resolve the nine-month conflict between Tigray separatists and the Ethiopian government, according to state news agency <a href=\"https:\/\/suna-sd.net\/read?id=719494\">SUNA<\/a>. The Sudanese foreign ministry said that it had taken the decision after Addis Ababa rejected its offer to mediate between the two sides, and that the ambassador would return upon the \u201ccompletion of consultations.\u201d The move comes amid escalating tensions between the neighbouring countries, driven by the dispute over the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/02216f10-5239-4fd7-bd8a-da6f637ac271\">Grand Ethiopian Renaissance Dam<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-sudan-ethiopia-idUSKBN2AK0LE\">recent border clashes<\/a> in the disputed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5fcafa7b-b6b2-41b6-b740-6c51d9757ed5\">Al Fashqa region<\/a>.<\/p>\n<p><strong>Taliban militants captured two provincial capitals in Afghanistan over the <\/strong><strong>weekend<\/strong>, prompting criticism of the US\u2019 plan to withdraw its troops from the country at the end of the month, the <a href=\"https:\/\/www.ft.com\/content\/7cb630ac-0d5a-4e7b-9507-da5c07259631\">Financial Times<\/a> reports. The Taliban also assassinated the government\u2019s head of media and attempted an attack on the defence minister, and observers have voiced concern over the further deterioration of human rights and a possible civil war if violence continues to escalate.<\/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\/abbas-kamel\/\">Abbas Kamel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-affairs\/\">foreign affairs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/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\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558425\" 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\/09\/your-essential-business-calendar-on-9-august-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558425\" class=\"content-area-description single-story post-558425 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>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>26-28 August (Thursday-Saturday): <a href=\"https:\/\/www.kansascityfed.org\/research\/jackson-hole-economic-symposium\/\">Jackson Hole Economic Symposium<\/a>.<\/p>\n<p>September: Delegation of Russian companies to visit Russian Industrial Zone.<\/p>\n<p>2 September (Thursday): The new EGX mechanism for calculating closing share prices will come into effect.<\/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 (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\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":558403,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-558402","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7427aede-88cf-4587-8fe3-70f14ad09f54","teaser":"","photo_url":"https:\/\/ent.news\/2021\/8\/119.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>It\u2019s a big day for tourism as the Red Sea awaits first direct Russian flights in six years - 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\/its-a-big-day-for-tourism-as-the-red-sea-awaits-first-direct-russian-flights-in-six-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s a big day for tourism as the Red Sea awaits first direct Russian flights in six years\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-big-day-for-tourism-as-the-red-sea-awaits-first-direct-russian-flights-in-six-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:04:18+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\/119.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\/its-a-big-day-for-tourism-as-the-red-sea-awaits-first-direct-russian-flights-in-six-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-big-day-for-tourism-as-the-red-sea-awaits-first-direct-russian-flights-in-six-years\/\",\"name\":\"It\u2019s a big day for tourism as the Red Sea awaits first direct Russian flights in six years - 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