{"id":558622,"date":"2021-08-19T03:56:00","date_gmt":"2021-08-19T03:56:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=558622"},"modified":"2025-12-16T02:09:41","modified_gmt":"2025-12-16T02:09:41","slug":"swvl-to-enter-europe-with-acquisition-of-on-demand-shuttle-service-shotl","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/swvl-to-enter-europe-with-acquisition-of-on-demand-shuttle-service-shotl\/","title":{"rendered":"Swvl to enter Europe with acquisition of on-demand shuttle service, Shotl"},"content":{"rendered":"<section id=\"558624\" 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=\"558624\">\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\/19\/this-morning-egypt-finalizes-three-year-international-promo-campaign-what-the-us-feds-likely-move-to-wind-down-stimulus-means-for-emerging-markets\/\">\r\n                            THIS MORNING: Egypt finalizes three-year international promo campaign + What the US Fed\u2019s likely move to wind down stimulus means for emerging markets                        <\/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            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href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/this-morning-egypt-finalizes-three-year-international-promo-campaign-what-the-us-feds-likely-move-to-wind-down-stimulus-means-for-emerging-markets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558624\" class=\"content-area-description single-story post-558624 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-afghanistan tag-enterpriseam tag-israel tag-kuwait tag-naftali-bennett tag-tourism tag-travel tag-vaccines tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Well, friends, we\u2019ve nearly made it through another week together. <\/strong>We hope the workday is kind to you, that traffic on the road to Sahel is light and that you\u2019re able to unplug and enjoy time with family and friends.<\/p><p><strong>It\u2019s a busy news morning here in Egypt<\/strong>, with everything from a cross-border M&amp;A to the passage of the sovereign sukuk act and the prospect we\u2019ll be in the fourth wave of covid-19 by late September. We have chapter and verse on all of this and more in this morning\u2019s Speed Round, below.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p><p><strong>Naftali Bennett could become the first Israeli PM to visit Egypt in over a decade: <\/strong>President Abdel Fattah El Sisi has invited Israeli Prime Minister Naftali Bennett for an official visit to Egypt within the next few weeks, Bennett\u2019s office said in <a href=\"https:\/\/www.gov.il\/en\/departments\/news\/event_egypt180821\">a statement<\/a> yesterday. The invitation came during a visit to Jerusalem yesterday by Egyptian intelligence chief Abbas Kamel.<\/p><p><strong>Not since January 2011 has an Israeli leader embarked on an official visit to Cairo:<\/strong> The last person to make the trip was then-prime minister Benjamin Netanyahu, who <a href=\"https:\/\/mfa.gov.il\/mfa\/pressroom\/2011\/pages\/pm_netanyahu_meets_egyptian_president_mubarak_6-jan-2011.aspx\">met Hosni Mubarak<\/a> just a few weeks before the revolution forced the latter out of office.<\/p><p><strong>MEANWHILE- The Tourism Ministry has finished drafting a three-year international <\/strong><strong>promotional campaign that is set to launch by year\u2019s end<\/strong>, designed to revive the nation\u2019s tourism trade following the covid shutdown, according to <a href=\"https:\/\/web.facebook.com\/EgyptianCabinet\/posts\/204118738425221?_rdc=1&amp;_rdr\">a cabinet statement<\/a>. The ministry will be holding workshops to brief industry players on its plans.<\/p><p><strong>Kuwait has decided to resume commercial flights to Egypt<\/strong> under <a href=\"https:\/\/twitter.com\/CGCKuwait\/status\/1428083678442409986\/photo\/1\">a cabinet decision<\/a><a href=\"https:\/\/twitter.com\/CGCKuwait\/status\/1428083678442409986\/photo\/1\">issued<\/a> yesterday. An exact date for flight resumption has yet to be set. Only travellers vaccinated with the Johnson &amp; Johnson, Oxford \/ AstraZeneca, Moderna, and Pfizer \/ BioNTech jabs will be permitted entry into Kuwait, according to <a href=\"https:\/\/twitter.com\/CGCKuwait\/status\/1428067480409452545\/photo\/1\">a tweet<\/a>. <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/kuwait-resume-commercial-flights-with-india-egypt-2021-08-18\/\">Reuters<\/a> also has the story.<\/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>THE BIG STORY ABROAD- Afghanistan, of course<\/strong>, where Reuters is setting the pace with an exclusive suggesting that the Taliban will likely rule through a governing council. Citing conversations with a senior leader of the group, the newswire reports that Haibatullah Akhundzada, the Taliban\u2019s leader, will \u201clikely play a role above the head of the council.\u201d Whoever heads the council would serve as the country\u2019s effective president. News out of Afghanistan also leads the front pages of the New York Times, Washington Post, Wall Street Journal and Financial Times.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>The big story abroad that matters most to us here in emerging markets: A majority of US <\/strong><strong>Fed <\/strong><strong>officials think the central bank should start winding down its stimulus program this year<\/strong>, according to <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomcminutes20210728.htm\">minutes from their most recent meeting<\/a> in July.<\/p><p><strong>Why do we care in EM? <\/strong>Among other things, because this is effectively a prelude to the Fed raising interest rates \u201cif the economy strengthens further next year,\u201d boosting the attractiveness of US debt and sapping some of the flows into EM (which are, by definition, riskier and so offering higher interest rates). At the risk of really oversimplifying things: The narrower the gap between US and EM rates, the less attractive EM debt is. <strong>A move to raise US interest rates would put pressure on emerging markets to raise rates <\/strong>(or keep them high) to ensure EM debt remains attractive. <a href=\"https:\/\/www.wsj.com\/articles\/global-stock-markets-dow-update-08-18-2021-11629272225?mod=hp_lead_pos2\">The Dow and S&amp;P declined for a second day yesterday<\/a> as the minutes came out. (The Fed raising rates also has big implications for EM \u2014 like KSA \u2014 that have pegged their currency to the USD, but that ain\u2019t us.)<\/p><p><strong>The news from the Fed is getting heavy play in the global business press<\/strong>, from <a href=\"https:\/\/www.wsj.com\/articles\/fed-debated-timing-mechanics-of-stimulus-pullback-at-july-meeting-11629309648?mod=hp_lead_pos1\">the Journal<\/a> to <a href=\"https:\/\/www.reuters.com\/world\/us\/fed-minutes-likely-detail-bond-buying-taper-talks-inflation-worries-2021-08-18\/\">Reuters<\/a>, CNBC and the <a href=\"https:\/\/www.ft.com\/content\/29be3f70-3f3e-4bfd-b26e-01833337587c\">Financial Times<\/a>.<\/p><p><strong>How does this stuff work? <\/strong>It\u2019s not a full Enterprise Explains story, but we looked in March at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c6fb4fa-12c9-45d0-b904-242cb9d1c66d\">what rising US treasury yields mean for bonds, stocks, and the EGP<\/a>.<\/p><p><strong>** CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>A fund run by Rachid Mohamed Rachid has a stake in Okhtein:<\/strong> Bidayat has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/176b7ea6-8340-4336-8e95-5e5e195ed476\">acquired a stake in Okhtein<\/a>, the luxury handbag maker\u2019s CEO told us.<\/li>\n<li><strong>Contact Factoring to finance margin trading:<\/strong> Contact Financial\u2019s factoring arm <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ec76239-2664-4ee4-b5f0-efb31d9e67d7\">will finance margin trading<\/a> at HC Brokerage to the tune of EGP 400 mn.<\/li>\n<li><strong>Fawry shareholders complete EGP 1.2 bn share sale<\/strong>: Several shareholders in Egypt\u2019s leading e-payment company, Fawry, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/493257f5-0d5e-44e9-b4eb-8cb20d1d3e98\">sold a 4.3% stake<\/a> in a follow-on share sale on the EGX worth EGP 1.2 bn.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/afghanistan\/\">Afghanistan<\/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\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/naftali-bennett\/\">Naftali Bennett<\/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\/vaccines\/\">vaccines<\/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=\"558625\" 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=\"558625\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/558625\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558625\" class=\"content-area-description single-story post-558625 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/SOMA-ENTERPRISE-COVEFINAL-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>Dive into nature, where raw beauty reigns supreme. Wake up to breathtaking sunrises and enjoy a serene beach experience amongst family and friends at the Soma Coves beach. This is where you can fully immerse yourself into a picturesque vacation, any time of the year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558626\" 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=\"558626\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/swvl-will-expand-into-europe-through-shotl-acquisition\/\">\r\n                            Swvl will expand into Europe through Shotl acquisition                        <\/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\/19\/swvl-will-expand-into-europe-through-shotl-acquisition\/\" 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\/19\/swvl-will-expand-into-europe-through-shotl-acquisition\/')\">\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\/19\/swvl-will-expand-into-europe-through-shotl-acquisition\/\">\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=Swvl will expand into Europe through Shotl acquisition&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/swvl-will-expand-into-europe-through-shotl-acquisition\/\">\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\/19\/swvl-will-expand-into-europe-through-shotl-acquisition\/&title=Swvl will expand into Europe through Shotl acquisition\">\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=Swvl+will+expand+into+Europe+through+Shotl+acquisition+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Fswvl-will-expand-into-europe-through-shotl-acquisition%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\/19\/swvl-will-expand-into-europe-through-shotl-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/206.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558627\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/swvl-will-expand-into-europe-through-shotl-acquisition\/206-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/206.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"206.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/206.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/206.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558626\" class=\"content-area-description single-story post-558626 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-enterpriseam tag-european-commission tag-ma-watch tag-nasdaq tag-shotl tag-swvl wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Swvl to acquire Europe\u2019s answer to on-demand shuttles: <\/strong>Mass transportation startup Swvl has agreed to acquire Barcelona-based \u201cmultiservice collective mobility platform\u201d (how\u2019s that for a mouthful?) <a href=\"https:\/\/www.shotl.com\/\">Shotl<\/a>, an unnamed source with direct knowledge of the transaction tells <a href=\"https:\/\/www.reuters.com\/article\/idUSL4N2PP33L\">Reuters<\/a>. The source did not disclose details on the timeline or value of the acquisition as the talks are not yet public.<\/p>\n<p><strong>If completed, the takeover would see Shotl serve as Swvl\u2019s HQ in Europe<\/strong> \u2014 and would more than double Swvl\u2019s geographic footprint, with the European startup operating in 22 cities across 10 countries, including Brazil and Japan. A senior source at Swvl had previously told us the company plans to tap into \u201cat least 50 new markets in the short term,\u201d while founder Mostafa Kandil had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15f1f0f7-1f9c-4a4b-b4e2-2e2621917391\">recently said<\/a> the company was mulling the acquisition of an unnamed firm in Europe.<\/p>\n<p><strong>The Shotl acquisition would also mark Swvl\u2019s entry into the self-driving game: <\/strong>Swvl and Shotl will together take part in a European Commission-led project designed to showcase how autonomous buses can have a positive impact on the future of public transport, the source told Reuters.<\/p>\n<p><strong>SPAC-tastic: <\/strong>Swvl said last month it would <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bfbf590f-581d-4b49-96b3-3ac733bb7fe3\">go public<\/a> on the Nasdaq in 4Q2021 through a merger with blank-check firm Queen\u2019s Gambit Growth Capital. The agreement values the company at around USD 1.5 bn, and the listing will raise the company\u2019s capital to USD 550 mn from USD 100+ mn today. <strong>Swvl is also <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f63d3ff5-2693-4e97-94c7-b4638ef57a75\">mulling an IPO<\/a><\/strong><strong> on the EGX in 2022-2023<\/strong> and expects to become profitable for the first time in 2024, CFO Youssef Salem previously told Reuters.<\/p>\n<p><strong>\u201cWhat\u2019s Shotl,\u201d we hear you ask?<\/strong> Established in 2017, Shotl is an on-demand bus platform that incorporates a \u201cdemand responsive transport system\u201d that focuses on underserved or difficult to reach areas. <a href=\"https:\/\/www.crunchbase.com\/organization\/shotl\/company_financials\">Crunchbase<\/a> suggests the company has raised nearly USD 1.1 mn in two rounds.<\/p>\n<p><strong>What\u2019s next for Swvl?<\/strong> The company says it will, starting 2023, begin expanding into sectors such as logistics, advertising and financial services.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/european-commission\/\">European Commission<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nasdaq\/\">Nasdaq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shotl\/\">Shotl<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/swvl\/\">Swvl<\/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=\"558628\" 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=\"558628\">\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\">Telecoms<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/telecom-authority-adopts-framework-to-regulate-data-centers-cloud-computing\/\">\r\n                            Telecom authority adopts framework to regulate data centers, cloud computing                        <\/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\/19\/telecom-authority-adopts-framework-to-regulate-data-centers-cloud-computing\/\" 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\/19\/telecom-authority-adopts-framework-to-regulate-data-centers-cloud-computing\/')\">\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\/19\/telecom-authority-adopts-framework-to-regulate-data-centers-cloud-computing\/\">\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=Telecom authority adopts framework to regulate data centers, cloud computing&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/telecom-authority-adopts-framework-to-regulate-data-centers-cloud-computing\/\">\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\/19\/telecom-authority-adopts-framework-to-regulate-data-centers-cloud-computing\/&title=Telecom authority adopts framework to regulate data centers, cloud computing\">\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=Telecom+authority+adopts+framework+to+regulate+data+centers%2C+cloud+computing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Ftelecom-authority-adopts-framework-to-regulate-data-centers-cloud-computing%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\/19\/telecom-authority-adopts-framework-to-regulate-data-centers-cloud-computing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/207.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558629\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/telecom-authority-adopts-framework-to-regulate-data-centers-cloud-computing\/207-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/207.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"207.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/207.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/207.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558628\" class=\"content-area-description single-story post-558628 post type-post status-publish format-standard has-post-thumbnail hentry category-telecoms tag-cit tag-enterpriseam tag-national-telecom-regulatory-authority tag-telecoms wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Egypt\u2019s National Telecom Regulatory Authority (NTRA) has adopted a regulatory <\/strong><strong>framework for data centers and cloud computing<\/strong>, according to a <a href=\"https:\/\/bit.ly\/3mhH5Cy\">statement<\/a> yesterday. The new framework, designed in consultation with local and international data and cloud computing firms, will help Egypt attract investment and establish itself as a regional hub for data infrastructure, the regulator said.<\/p>\n<p><strong>Egypt is hoping to capitalize on certain strategic advantages to become a heavyweight in the data center industry <\/strong>\u2014 but as we <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f29cd48-b3f3-42dc-9b1d-47e690755cdc\">reported<\/a> back in February, progress has so far been slow. This new framework could address some of the challenges that stand in the way, including slow local user speeds and bandwidth due to poor fiber-optic infrastructure, high pricing (particularly for international traffic), a lack of private sector involvement, and a need for more technical know-how.<\/p>\n<p><strong>Head in the cloud? <\/strong>You can read a refresher on Egypt\u2019s data hub ambitions <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dccf473a-1577-4243-9e1b-f271fb01c228\">here<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c568e6a-2a14-419b-b762-8aef5d10842c\">here<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-telecom-regulatory-authority\/\">National Telecom Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms\/\">TELECOMS<\/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=\"558630\" 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=\"558630\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/sovereign-sukuk-act-signed-into-law\/\">\r\n                            Sovereign Sukuk Act signed into law                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/sovereign-sukuk-act-signed-into-law\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/sovereign-sukuk-act-signed-into-law\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/sovereign-sukuk-act-signed-into-law\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Sovereign Sukuk Act signed into law&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/sovereign-sukuk-act-signed-into-law\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/sovereign-sukuk-act-signed-into-law\/&title=Sovereign Sukuk Act signed into law\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Sovereign+Sukuk+Act+signed+into+law+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Fsovereign-sukuk-act-signed-into-law%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/sovereign-sukuk-act-signed-into-law\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558630\" class=\"content-area-description single-story post-558630 post type-post status-publish format-standard hentry category-legislation-watch tag-capital-markets tag-debt tag-enterpriseam tag-legislation-watch tag-sovereign-sukuk-act wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a> <strong>The long-awaited Sovereign Sukuk Act is now law of the land<\/strong>, paving the way for the issuance of our maiden sharia-compliant bonds on local and international debt markets. President Abdel Fattah El Sisi has signed off on the bill, according to <a href=\"https:\/\/ent.news\/2021\/8\/2021-637649047844995230-499.pdf\">the Official Gazette (pdf)<\/a>.<\/p>\n<p><strong>The government is eager to get the ball rolling<\/strong>, with the Finance Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7c892eab-a48b-4efa-b22c-abd294c2644a\">previously saying<\/a> that it would start working on its first issuance as soon as the legislation takes effect when the executive regulations of the bill, which received its final rubber stamp from the House <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/313e24e6-8f1d-4488-a186-a289b2b09c62\">in June<\/a>, are published within three months at most. The exact timing and size of the planned offering remains unknown.<\/p>\n<p><strong>The bill defines the different types of sukuk<\/strong>, which include ijara, mudaraba, istisnaa, murabaha and wakala sukuk. It will also set a term limit of 30 years on all sovereign sukuk and establish the Sovereign Sukuk Company, a joint stock company to execute and manage sales. The act\u2019s executive regulations will cover setting up a regulatory oversight committee, clarifying how disputes between the government and sukuk holders should be handled, and will form an association to protect the rights of investors.<\/p>\n<p><strong>But Enterprise, what are sukuk? <\/strong>We\u2019ve got you covered with this <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8943e6f1-9b79-46d8-815d-d76d91a75de4\">explainer<\/a>.<\/p>\n<p><strong>Other laws greenlit by El Sisi:<\/strong><\/p>\n<ul>\n<li><strong>Amendments giving the Supreme Constitutional Court (SCC) authority over international rulings.<\/strong> The changes give the court power to effectively overturn the local implementation of international court rulings if they violate the constitution, at the request of the prime minister.<\/li>\n<li><strong>A law to set up <\/strong><strong><a href=\"https:\/\/bit.ly\/37V7DkK\">an emergency medical response fund<\/a><\/strong> that will replace the current system of disparate family health centers around the country, providing financial support during major emergencies.<\/li>\n<li><strong>Amendments obliging cotton ginners to <\/strong><strong><a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12072021&id=cc525d20-32ab-492e-8c35-c5974b0ff626\">record the quantity and quality of their cotton supplies<\/a><\/strong> and make records available to the Cotton Arbitration and Testing General Organization. Those who are in violation may have their supplies seized, and could face up to six months in jail, or pay a fine ranging from EGP 100k to EGP 1 mn.<\/li>\n<li><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d580ae7-6fdc-4fd9-9237-a92de394216c\">Amendments to the penal code<\/a><\/strong><strong> handing people found guilty of [redacted] harassment tougher penalties<\/strong> including minimum five-year prison terms and fines worth EGP 200k-300k. Minimum seven-year jail sentences will be handed to people who collaborate with others, use weapons or have professional or personal authority over the victim.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-sukuk-act\/\">Sovereign Sukuk Act<\/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=\"558631\" 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=\"558631\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/elsewedys-united-metals-secures-usd-25-mn-in-funding-from-ebrd\/\">\r\n                            ElSewedy\u2019s United Metals secures USD 25 mn in funding from EBRD                        <\/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\/19\/elsewedys-united-metals-secures-usd-25-mn-in-funding-from-ebrd\/\" 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\/19\/elsewedys-united-metals-secures-usd-25-mn-in-funding-from-ebrd\/')\">\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\/19\/elsewedys-united-metals-secures-usd-25-mn-in-funding-from-ebrd\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=ElSewedy\u2019s United Metals secures USD 25 mn in funding from EBRD&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/elsewedys-united-metals-secures-usd-25-mn-in-funding-from-ebrd\/\">\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\/19\/elsewedys-united-metals-secures-usd-25-mn-in-funding-from-ebrd\/&title=ElSewedy\u2019s United Metals secures USD 25 mn in funding from EBRD\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=ElSewedy%E2%80%99s+United+Metals+secures+USD+25+mn+in+funding+from+EBRD+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Felsewedys-united-metals-secures-usd-25-mn-in-funding-from-ebrd%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\/19\/elsewedys-united-metals-secures-usd-25-mn-in-funding-from-ebrd\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558631\" class=\"content-area-description single-story post-558631 post type-post status-publish format-standard hentry category-debt-watch tag-debt-watch tag-ebrd tag-elsewedy-electric tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>ElSewedy\u2019s United Metals Company subsidiary lands USD 25 mn loan from EBRD: <\/strong>The European Bank for Reconstruction and Development (EBRD) has agreed to provide to ElSewedy\u2019s subsidiary <a href=\"https:\/\/www.elsewedyelectric.com\/en\/business-lines\/wire-cable\/umc\/\">United Metals Company<\/a> (UMC) a two-year, USD 25 mn facility to finance the company\u2019s working capital needs and provide funding to source raw materials amid the covid-19 disruption, the European lender said on <a href=\"https:\/\/www.ebrd.com\/work-with-us\/projects\/psd\/52827.html\">its website<\/a> yesterday. The finance will also be geared towards improving UMC\u2019s engagement, recruitment and integration of disabled workers, EBRD said.<\/p>\n<p><strong>United Metals Company is 99.8% owned by El Sewedy Electric<\/strong> and had received a previous EBRD facility in 2017, according to the European lender\u2019s statement, <a href=\"https:\/\/www.ebrd.com\/news\/2019\/ebrd-supports-manufacturing-in-egypt-.html\">and another in 2019<\/a>.<\/p>\n<p><strong>The company had been feeling the crunch of the global commodities boom<\/strong>, which drove up the price of a key production input, copper cathodes, in 2H2020. Prices <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7ca7f3d-c837-4934-8a46-376b5f810354\">have spiralled<\/a> since the global pandemic erupted, with the futures price of copper more than doubling since March 2020, reaching a record high in May thanks to widening supply-demand gap that is likely to continue for some time, market strategists say.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558632\" 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=\"558632\">\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\">DISPUTE WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/misr-travel-structure-line-reach-egp-500-mn-settlement\/\">\r\n                            Misr Travel, Structure Line reach EGP 500 mn settlement                        <\/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\/19\/misr-travel-structure-line-reach-egp-500-mn-settlement\/\" 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\/19\/misr-travel-structure-line-reach-egp-500-mn-settlement\/')\">\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\/19\/misr-travel-structure-line-reach-egp-500-mn-settlement\/\">\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=Misr Travel, Structure Line reach EGP 500 mn settlement&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/misr-travel-structure-line-reach-egp-500-mn-settlement\/\">\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\/19\/misr-travel-structure-line-reach-egp-500-mn-settlement\/&title=Misr Travel, Structure Line reach EGP 500 mn settlement\">\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=Misr+Travel%2C+Structure+Line+reach+EGP+500+mn+settlement+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Fmisr-travel-structure-line-reach-egp-500-mn-settlement%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\/19\/misr-travel-structure-line-reach-egp-500-mn-settlement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/209.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558633\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/misr-travel-structure-line-reach-egp-500-mn-settlement\/209-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/209.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"209.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/209.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/209.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558632\" class=\"content-area-description single-story post-558632 post type-post status-publish format-standard has-post-thumbnail hentry category-dispute-watch tag-dispute-watch tag-enterpriseam tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>Misr Travel ends its dispute with Structure Line: <\/strong>Saudi <a href=\"https:\/\/sldegypt.com\/en\/\">Structure Line Development<\/a> has agreed to pay an EGP 500 mn settlement to Holding Company for Tourism and Hotels subsidiary <a href=\"https:\/\/www.misrtravel.net\/Our-Story\">Misr Travel<\/a> to end a years-long dispute over land in Nasr City, <a href=\"https:\/\/bit.ly\/3yZEKQk\">Hapi Journal<\/a> reports, citing a statement. The company will pay in installments over six months, with the initial EGP 90 mn payment occurring after the final agreement has been signed. Enterprise was unable to independently verify the veracity of the claims made by the newspaper.<\/p>\n<p><strong>What\u2019s the dispute about? <\/strong>Both companies had signed an <a href=\"https:\/\/bit.ly\/3yX5xfT\">agreement<\/a> in 2016 to develop a residential project, dubbed Arena City Towers, on land owned by Misr Travel. Under the agreement, Misr Travel was entitled to have 51% of the project\u2019s total sales over quarterly installments through a joint bank account to be opened by the Saudi side. However, Structure Line breached the agreement terms by taking all the project\u2019s down payments for itself, failing to pay dues worth EGP 175 mn to Misr Travel since April 2019.<\/p>\n<p><strong>What\u2019s next?<\/strong> Structure Line will resume work on the project after obtaining all the necessary licenses from the concerned government bodies.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558634\" 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=\"558634\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/govt-says-fourth-wave-incoming-opens-new-vaccination-centers\/\">\r\n                            Gov\u2019t says fourth wave incoming, opens new vaccination centers                        <\/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\/19\/govt-says-fourth-wave-incoming-opens-new-vaccination-centers\/\" 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\/19\/govt-says-fourth-wave-incoming-opens-new-vaccination-centers\/')\">\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\/19\/govt-says-fourth-wave-incoming-opens-new-vaccination-centers\/\">\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=Gov\u2019t says fourth wave incoming, opens new vaccination centers&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/govt-says-fourth-wave-incoming-opens-new-vaccination-centers\/\">\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\/19\/govt-says-fourth-wave-incoming-opens-new-vaccination-centers\/&title=Gov\u2019t says fourth wave incoming, opens new vaccination centers\">\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=Gov%E2%80%99t+says+fourth+wave+incoming%2C+opens+new+vaccination+centers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Fgovt-says-fourth-wave-incoming-opens-new-vaccination-centers%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\/19\/govt-says-fourth-wave-incoming-opens-new-vaccination-centers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558634\" class=\"content-area-description single-story post-558634 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-moderna tag-pfizer tag-tunisia tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>The fourth wave of the pandemic is expected to accelerate in September<\/strong> amid the reopening of schools, the return of holidaymakers, as well as the prospective return of employees to working from the office, Noha Assem, and advisor to the health minister, told Extra News (<a href=\"https:\/\/www.youtube.com\/watch?v=C3mW4G4yD9M\">watch, runtime: 9:17<\/a>) last night.<\/p>\n<p><strong>Her remarks came as the Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/140887261555830\">reported<\/a><\/strong><strong> 123 new covid-19 infections yesterday<\/strong>, up from 112 the day before.<\/p>\n<p><strong>Infections have now been on the rise for 23 days straight<\/strong>, save for a one-off drop on 5 August, according to our in-house covid tracker. Egypt has now disclosed a total of 285,700 confirmed cases of covid-19. The ministry also reported 8 new deaths, bringing the country\u2019s total death toll to 16,638.<\/p>\n<p><strong>We\u2019re getting new vaccination centers<\/strong> as part of the bid to vaccinate teachers and other school employees before the start of the new school year, with the Health Ministry saying it is now operating 657 facilities nationwide, up from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1226fb07-34cb-425a-8d0b-75990bb603d5\">the current 580<\/a>. Health Minister Hala Zayed added in <a href=\"https:\/\/web.facebook.com\/photo\/?fbid=203903335113428&set=a.144073981096364\">a statement<\/a> yesterday that there are now 145 centers offering QR-coded certificates to travelers, up from 134.<\/p>\n<p><strong>A third COVID shot in \u2018Murica: <\/strong>The Biden administration has confirmed that it will call on its 155 mn fully-vaccinated citizens to take a third coronavirus shot, amid fears of the delta variant and the long-term effectiveness of covid shots, <a href=\"https:\/\/www.wsj.com\/articles\/covid-19-vaccine-booster-shot-11629232815?mod=hp_lead_pos1\">the Wall Street Journal<\/a> reports. From 20 September, people who have received the Pfizer and Moderna vaccines will be able to get the third shot. Studies on the long-term immunity of the Johnson & Johnson vaccine are still being conducted.<\/p>\n<p><strong>Tunisia eases covid-19 restrictions:<\/strong> The country\u2019s curfew will be shortened to start at midnight and cafes and restaurants will be allowed to open until 10 pm, the <a href=\"https:\/\/twitter.com\/TnPresidency\/status\/1427927885197758464\">Tunisian president stated<\/a> yesterday. The news comes as case rates fall and the government\u2019s vaccination campaign gathers pace.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moderna\/\">Moderna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tunisia\/\">Tunisia<\/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=\"558635\" 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=\"558635\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/i-score-gets-new-managing-director-administrative-prosecution-authority-gets-new-head\/\">\r\n                            I-Score gets new managing director + Administrative Prosecution Authority gets new head                        <\/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\/19\/i-score-gets-new-managing-director-administrative-prosecution-authority-gets-new-head\/\" 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\/19\/i-score-gets-new-managing-director-administrative-prosecution-authority-gets-new-head\/')\">\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\/19\/i-score-gets-new-managing-director-administrative-prosecution-authority-gets-new-head\/\">\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=I-Score gets new managing director + Administrative Prosecution Authority gets new head&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/i-score-gets-new-managing-director-administrative-prosecution-authority-gets-new-head\/\">\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\/19\/i-score-gets-new-managing-director-administrative-prosecution-authority-gets-new-head\/&title=I-Score gets new managing director + Administrative Prosecution Authority gets new head\">\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=I-Score+gets+new+managing+director+%2B+Administrative+Prosecution+Authority+gets+new+head+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Fi-score-gets-new-managing-director-administrative-prosecution-authority-gets-new-head%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\/19\/i-score-gets-new-managing-director-administrative-prosecution-authority-gets-new-head\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558635\" class=\"content-area-description single-story post-558635 post type-post status-publish format-standard hentry category-moves tag-banking tag-cit tag-enterpriseam tag-fintech tag-i-score tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>I-Score<\/strong> has appointed <strong>Tarek Elmahmoudy<\/strong> (<a href=\"https:\/\/eg.linkedin.com\/in\/tarek-elmahmoudy-461443141\">LinkedIn<\/a>) as the <strong>managing director<\/strong>, effective as of last July, <a href=\"https:\/\/bit.ly\/3maBNJ6\">Youm7<\/a> reports. Elmahmoudy has 40 years of experience in the banking sector, and is an expert in IT, e-payments, and digital banking. Prior to this position, he was the CBE governor\u2019s chief advisor of payment systems and information technology.<\/p>\n<p><strong>Ezzat Abou Zaid Salam<\/strong> has been appointed as <strong>head of the Administrative <\/strong><strong>Prosecution Authority<\/strong> under a presidential decree published in Sunday\u2019s Official Gazette, <a href=\"https:\/\/bit.ly\/3ATPJLO\">Masrawy<\/a> reports. El Sisi <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/30\/el-sisi-signs-amendments-to-controversial-amendments-to-judicial-authorities-law\/\">was granted the power<\/a> to appoint heads of four major judicial bodies \u2014 the Court of Cassation, the Council of State, the State Lawsuits Authority, and the Administrative Prosecution Authority \u2014 under amendments to the Judicial Authorities Act in 2017.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/i-score\/\">I-Score<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558636\" 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=\"558636\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/558636\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558636\" class=\"content-area-description single-story post-558636 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\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=\"558637\" 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=\"558637\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/israeli-pms-potential-visit-and-car-manufacturing-in-east-port-said-keep-the-talking-head-busy\/\">\r\n                            Israeli PM\u2019s potential visit and car manufacturing in East Port Said keep the talking head busy                        <\/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\/19\/israeli-pms-potential-visit-and-car-manufacturing-in-east-port-said-keep-the-talking-head-busy\/\" 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\/19\/israeli-pms-potential-visit-and-car-manufacturing-in-east-port-said-keep-the-talking-head-busy\/')\">\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\/19\/israeli-pms-potential-visit-and-car-manufacturing-in-east-port-said-keep-the-talking-head-busy\/\">\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=Israeli PM\u2019s potential visit and car manufacturing in East Port Said keep the talking head busy&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/israeli-pms-potential-visit-and-car-manufacturing-in-east-port-said-keep-the-talking-head-busy\/\">\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\/19\/israeli-pms-potential-visit-and-car-manufacturing-in-east-port-said-keep-the-talking-head-busy\/&title=Israeli PM\u2019s potential visit and car manufacturing in East Port Said keep the talking head busy\">\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=Israeli+PM%E2%80%99s+potential+visit+and+car+manufacturing+in+East+Port+Said+keep+the+talking+head+busy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Fisraeli-pms-potential-visit-and-car-manufacturing-in-east-port-said-keep-the-talking-head-busy%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\/19\/israeli-pms-potential-visit-and-car-manufacturing-in-east-port-said-keep-the-talking-head-busy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558637\" class=\"content-area-description single-story post-558637 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abbas-kamel tag-diplomacy tag-east-port-said tag-enterpriseam tag-foreign-affairs tag-israel tag-last-nights-talk-shows tag-naftali-bennett tag-suez-canal-economic-zone wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Last night\u2019s (limited) talk shows were largely focused on diplomacy, as <\/strong><strong>Intelligence chief Abbas Kamel headed to Israel<\/strong> to support Egyptian efforts in the peace process with Palestine, making stops in Tel Aviv and the West Bank\u2019s Ramallah. During yesterday\u2019s visit, Kamel shared President Abdel Fattah El Sisi\u2019s invitation to Israeli Prime Minister Naftali Bennett for an official visit to Egypt within the next few weeks, which would be the first official visit by an Israeli leader to Cairo since January 2011, as we note in What We\u2019re Tracking Today, above. Al Hayah Al Youm (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=UT3ftZWTI8s\">4:43<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=d1_SMo6CJm4\">1:14<\/a>) had coverage of the visit.<\/p>\n<p><strong>Elsewhere: The Suez Canal Economic Zone (SCZone) is studying the prospect of establishing an industrial zone in East Port Said<\/strong> <strong>dedicated to the manufacturing of automotives<\/strong>, Chairman Yehia Zaki told Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=Vdfn1drLZLA\">watch, runtime: 25:50<\/a>) last night, without disclosing further details. Cabinet greenlit <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6bd36341-d6ce-4392-a88a-095b88199fe2\">in March 2020<\/a> an automotive strategy that would offer incentives, implement infrastructure improvements, and possibly establish Morocco-style industrial zones for vehicle manufacturing. The government has for years been attempting to stimulate automotive manufacturing through the <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/13\/govt-to-have-automotive-directive-ready-by-the-fall\/\">planned automotive directive<\/a>, a nationwide system of incentives and tariffs for manufacturing and exports for the auto industry. <sup><\/sup><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abbas-kamel\/\">Abbas Kamel<\/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\/east-port-said\/\">East Port Said<\/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\/israel\/\">Israel<\/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\/naftali-bennett\/\">Naftali Bennett<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/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=\"558638\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div 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href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 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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=\"558639\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/human-rights-and-stolen-artefacts\/\">\r\n                            Human rights and stolen artefacts                        <\/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\/19\/human-rights-and-stolen-artefacts\/\" 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\/19\/human-rights-and-stolen-artefacts\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/human-rights-and-stolen-artefacts\/&title=Human rights and stolen artefacts\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Human+rights+and+stolen+artefacts+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Fhuman-rights-and-stolen-artefacts%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\/19\/human-rights-and-stolen-artefacts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558639\" class=\"content-area-description single-story post-558639 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-al-jazeera tag-enterpriseam tag-human-rights wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s another human rights-focused day in the foreign press:<\/strong> <a href=\"https:\/\/www.msn.com\/en-us\/news\/world\/families-of-egypt-death-row-islamists-face-agonising-wait\/ar-AANqVTK?li=BBnbcA1\">AFP<\/a> is running a piece on Islamists on death row in Egypt, while <a href=\"https:\/\/rsf.org\/en\/news\/rsf-calls-release-four-al-jazeera-journalists-held-egypt\">Reporters Sans Fronti\u00e8res<\/a> is calling for the immediate release of four Al-Jazeera journalists, one of whom was arrested at Cairo airport earlier this month. Meanwhile, <a href=\"http:\/\/www.xinhuanet.com\/english\/africa\/2021-08\/18\/c_1310135093.htm\">Xinhua<\/a> is running a piece on Egyptian authorities <a href=\"https:\/\/web.facebook.com\/moantiquities\/posts\/199827635512124?_rdc=1&_rdr\">foiling an attempt to smuggle 34 ancient coins<\/a> out of the country.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-jazeera\/\">Al Jazeera<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558640\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558641\" 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=\"558641\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/cira-gets-cabinet-signoff-on-badr-university-in-assiut\/\">\r\n                            CIRA gets cabinet signoff on Badr University in Assiut                        <\/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\/19\/cira-gets-cabinet-signoff-on-badr-university-in-assiut\/\" 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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It\u2019s official opening is now <strong>pending a presidential decree and other operational approvals. <\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558642\" 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=\"558642\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/crypto-businesses-stockpile-cash-in-anticipation-of-regulatory-scrutiny\/\">\r\n                            Crypto businesses stockpile cash in anticipation of regulatory scrutiny                        <\/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\/19\/crypto-businesses-stockpile-cash-in-anticipation-of-regulatory-scrutiny\/\" 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\/19\/crypto-businesses-stockpile-cash-in-anticipation-of-regulatory-scrutiny\/')\">\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\/19\/crypto-businesses-stockpile-cash-in-anticipation-of-regulatory-scrutiny\/\">\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=Crypto businesses stockpile cash in anticipation of regulatory scrutiny&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/crypto-businesses-stockpile-cash-in-anticipation-of-regulatory-scrutiny\/\">\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\/19\/crypto-businesses-stockpile-cash-in-anticipation-of-regulatory-scrutiny\/&title=Crypto businesses stockpile cash in anticipation of regulatory scrutiny\">\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=Crypto+businesses+stockpile+cash+in+anticipation+of+regulatory+scrutiny+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Fcrypto-businesses-stockpile-cash-in-anticipation-of-regulatory-scrutiny%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\/19\/crypto-businesses-stockpile-cash-in-anticipation-of-regulatory-scrutiny\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558642\" class=\"content-area-description single-story post-558642 post type-post status-publish format-standard hentry category-planet-finance tag-cryptocurrency tag-enterpriseam tag-financial-markets tag-foreign-reserves tag-planet-finance tag-syria 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>Crypto businesses are preparing for the regulatory axe to fall: <\/strong>Coinbase has stockpiled as much as USD 4 bn in reserves in its first months as a public company on the eve of closer regulatory crypto scrutiny, <a href=\"https:\/\/www.wsj.com\/articles\/coinbase-builds-a-4-billion-cash-pile-ahead-of-possible-regulatory-tightening-11629295200?mod=hp_lista_pos5\">the Wall Street Journal<\/a> reports. Buoyed by strong earnings of USD 1.61 bn in 2Q2021, compared with USD 32 mn in the preceding year, Coinbase\u2019s cash balance amounted to USD 4.36 as of 30 June, about 4x higher than at the end of 2020, thanks to price volatility during the quarter that buttressed the company\u2019s trading business. \u201cWe want to ensure that we maintain those cash reserves so that we can continue to invest and continue to grow our products and services in the event that we go into a crypto winter,\u201d CFO Alesia Haas said.<\/p><p><strong>Syria has suspended imports of 20 commodities and raw materials for six months<\/strong> in a move aimed at saving its declining foreign reserves for wheat purchases, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-18\/syria-tightens-import-curbs-to-save-scarce-dollars-for-wheat?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. The list includes metal pipes and ceramics. The decision highlights the strain of rising crop prices on global buyers, especially for developing nations.<\/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>10907.96<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,344.94<\/p>\n<\/td>\n<td>\n<p>-0.42% (YTD: +30.56%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>7,694.59<\/p>\n<\/td>\n<td>\n<p>-0.46% (YTD: +52.51%)<\/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>2,862.01<\/p>\n<\/td>\n<td>\n<p>+0.87% (YTD: +14.85%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,400.27<\/p>\n<\/td>\n<td>\n<p>-1.07% (YTD: +17.15%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,169.32<\/p>\n<\/td>\n<td>\n<p>-0.16% (YTD: +10.97%)<\/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 67.51<\/p>\n<\/td>\n<td>\n<p>-2.20%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.85<\/p>\n<\/td>\n<td>\n<p>+0.39%<\/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 1,784.40<\/p>\n<\/td>\n<td>\n<p>-0.19%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 44,683.33<\/p>\n<\/td>\n<td>\n<p>-0.44% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 fell 0.2% at today\u2019s close<\/strong> on turnover of EGP 2.3 bn (40.8% above the 90-day average). Foreign investors were net sellers. The index is up 0.6% YTD.<\/p><p><strong>In the green:<\/strong> Raya (+2.8%), GB Auto (+1.6%), and Rameda (+1.0%).<\/p><p><strong>In the red:<\/strong> Egyptian for Tourism Resorts (-4.0%), Fawry (-3.1%), and Eastern Company (-1.8%).<\/p><p><strong>It\u2019s a sea of red across Asian markets this morning<\/strong>, following Wall Street\u2019s lead in response to US Fed minutes suggesting the central bank could start winding down stimulus later this year. US futures suggest Wall Street has a chance of opening in the green later today, but that European shares will come under pressure at the opening bell.<\/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\/cryptocurrency\/\">cryptocurrency<\/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\/foreign-reserves\/\">foreign reserves<\/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\/syria\/\">Syria<\/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=\"558643\" 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=\"558643\">\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\/19\/iran-inches-closer-to-weapons-grade-uranium\/\">\r\n                            Iran inches closer to weapons grade uranium                        <\/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\/19\/iran-inches-closer-to-weapons-grade-uranium\/\" 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\/19\/iran-inches-closer-to-weapons-grade-uranium\/')\">\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\/19\/iran-inches-closer-to-weapons-grade-uranium\/\">\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=Iran inches closer to weapons grade uranium&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/iran-inches-closer-to-weapons-grade-uranium\/\">\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\/19\/iran-inches-closer-to-weapons-grade-uranium\/&title=Iran inches closer to weapons grade uranium\">\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=Iran+inches+closer+to+weapons+grade+uranium+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F19%2Firan-inches-closer-to-weapons-grade-uranium%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\/19\/iran-inches-closer-to-weapons-grade-uranium\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558643\" class=\"content-area-description single-story post-558643 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-enterpriseam tag-investment-watch tag-iran tag-turkey tag-uae tag-uranium wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Iran is getting closer to weapons-grade uranium -IAEA:<\/strong> Tehran has achieved near-weapons grade uranium, according to a report by the UN\u2019s International Atomic Energy Agency seen by <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/iran-accelerates-enrichment-uranium-near-weapons-grade-iaea-says-2021-08-17\/\">Reuters<\/a>. The nuclear watchdog says that Tehran has now refined the nuclear material to 60% purity, up from 20% in April, in a move that ratchets up tensions with the US and Europe as both sides try to resume talks to revive the 2015 nuclear pact.<\/p>\n<p><strong>Tensions between Turkey and UAE appear to be easing<\/strong>, with the two countries nearing an agreement for a UAE investment in Ankara, <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2FJ26B\">Reuters<\/a> reports Turkish President Tayyip Erdogan as saying following \u201ca rare meeting\u201d with a senior UAE official. \u201cIf they continue in a good way with their counterparts, I believe the UAE will make serious investments in our country in a very short time,\u201d Erdogan said, noting that the two specifically discussed the types of investments that could be made in different fields.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uranium\/\">uranium<\/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=\"558644\" 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\/19\/your-essential-business-calendar-on-19-august-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558644\" class=\"content-area-description single-story post-558644 post type-post status-publish format-standard hentry category-calendar tag-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>24 August (Tuesday): MEED will hold a webinar named <a href=\"https:\/\/globaldata.zoom.us\/webinar\/register\/3516013038025\/WN_fCaZN7DlQUeM-epxgydoFg\">Energy Transition in the Middle East<\/a>.<\/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>1-3 September (Wednesday-Friday): <a href=\"https:\/\/digisignafrica.com\/\">Digi Sign Africa<\/a>, Cairo International Convention Centre, Cairo, Egypt.<\/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>5-7 September (Sunday-Tuesday): The <a href=\"https:\/\/www.arabsecurityconference.com\/\">Arab Security Conference<\/a>, The Nile Ritz-Carlton, Cairo, Egypt.<\/p>\n<p>7-8 September (Tuesday-Wednesday): Euromoney Conferences will host <a href=\"https:\/\/bit.ly\/3lpLeUO\">the GlobalCapital Sustainable and Responsible Capital Markets Forum 2021<\/a>, featuring Vice Minister of Finance Minister Ahmed Kouchouk.<\/p>\n<p>7-9 September (Tuesday-Thursday): <a href=\"https:\/\/www.egyhealthexpo.com\/\">Egy Health Expo<\/a>, Al Manara International Conference, Cairo, Egypt.<\/p>\n<p>9 September (Thursday): <a href=\"https:\/\/devopsdays.org\/events\/2021-cairo\/welcome\/\">DevOpsDays Cairo 2021<\/a> is being organized by ITIDA and the Software Engineering Competence Center in cooperation with DXC Technology, IBM Egypt and Orange Labs.<\/p>\n<p>12 September (Sunday): International schools begin 2021-2022 academic year<\/p>\n<p>12-15 September (Sunday-Wednesday): Sahara Expo: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/p>\n<p>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>22-25 September (Wednesday-Saturday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt<\/a>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-2 October (Thursday-Saturday): Egypt Projects 2021 expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-8 October (Thursday-Friday): The Cairo International Fair, Cairo International Conference Center, Cairo, Egypt.<\/p>\n<p>30 September: Closing of 2021\u2019s first oil and gas <a href=\"https:\/\/eug.petroleum.gov.eg\/dp\/pages\/common\/BidroundHighlights.jsp\">tender<\/a> in the Gulf of Suez, Western Desert, and the Mediterranean.<\/p>\n<p>October: New legislative session begins.<\/p>\n<p>October: Romanian President Klaus Iohannis <a href=\"https:\/\/bit.ly\/3z0gaic\">could visit Egypt<\/a> in mid this month to discuss ways to boost tourism cooperation between the two countries.<\/p>\n<p>1 October (Friday): Businesses importing goods at seaports will need to file shipping documents and cargo data digitally to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">the Advance Cargo Information (ACI) system<\/a>.<\/p>\n<p>1 October (Friday): Expo 2020 Dubai opens.<\/p>\n<p>1 October (Friday): State-owned companies and government service bodies selling goods and services to customers that <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/178309171006178\">have not yet signed on to the e-invoicing platform<\/a> will suffer a host of penalties, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>9 October (Saturday): Public schools begin 2021-2022 academic year<\/p>\n<p>11-17 October (Monday-Sunday): <a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\">IMF + World Bank Annual Meetings<\/a>.<\/p>\n<p>12-14 October (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>24-28 October (Sunday-Thursday) <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/p>\n<p>27-28 October (Wednesday-Thursday) <a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a>, Royal Maxim Palace Kempinski, Cairo, Egypt.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 October - 4 November (Saturday-Thursday): The first edition of <a href=\"https:\/\/globalswimseries.com\/ryan-lochte-announces-first-race-the-legends-event-in-egypt\/\">Race The Legends<\/a>, Egypt.<\/p>\n<p>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>7-8 December (Tuesday-Wednesday): <a href=\"https:\/\/northafricatradefinance.com\/\">North Africa Trade Finance Summit<\/a>.<\/p>\n<p>12-14 December (Sunday-Tuesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa Cairo<\/a> trade exhibition, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>13-17 December: United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/p>\n<p>14-19 December (Tuesday-Sunday): <a href=\"https:\/\/www.facebook.com\/cifcet\/\">The Cairo International Festival for Experimental Theater<\/a>.<\/p>\n<p>14-15 December (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":558623,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-558622","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"952d3a3f-5308-46b9-9de4-767b69c6682c","teaser":"","photo_url":"https:\/\/ent.news\/2021\/8\/205.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>Swvl to enter Europe with acquisition of on-demand shuttle service, Shotl - 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\/swvl-to-enter-europe-with-acquisition-of-on-demand-shuttle-service-shotl\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swvl to enter Europe with acquisition of on-demand shuttle service, Shotl\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/swvl-to-enter-europe-with-acquisition-of-on-demand-shuttle-service-shotl\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:09:41+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\/205.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\/swvl-to-enter-europe-with-acquisition-of-on-demand-shuttle-service-shotl\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/swvl-to-enter-europe-with-acquisition-of-on-demand-shuttle-service-shotl\/\",\"name\":\"Swvl to enter Europe with acquisition of on-demand shuttle service, Shotl - 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