{"id":558721,"date":"2021-08-24T03:58:28","date_gmt":"2021-08-24T03:58:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=558721"},"modified":"2025-12-16T02:12:06","modified_gmt":"2025-12-16T02:12:06","slug":"ekh-plans-usd-500-mn-in-investments-over-the-next-five-years","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/ekh-plans-usd-500-mn-in-investments-over-the-next-five-years\/","title":{"rendered":"EKH plans USD 500 mn in investments over the next five years"},"content":{"rendered":"<section id=\"558723\" 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=\"558723\">\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\/24\/this-morning-pfizer-gets-ok-from-fda-g7-talk-afghanistan-today\/\">\r\n                            THIS MORNING: Pfizer gets OK from FDA + G7 talk Afghanistan today                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/this-morning-pfizer-gets-ok-from-fda-g7-talk-afghanistan-today\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Health Minister Hala Zayed made the announcements at a press conference yesterday that dominated the airwaves. Zayed also announced that made-in-Egypt Sinovac will start rolling out today nationwide. You can check out our EnterprisePM coverage here or zip down to Last Night\u2019s Talk Shows to see how it played with the talking heads.<\/p><p><strong>Rejoice: The EGX30 is back in positive territory for the year <\/strong>after the benchmark index gained nearly 2% in trading yesterday. The 30 recently clawed its way into positive territory before slipping alongside global markets.<\/p><p><strong>THE BIG STORY ABROAD?<\/strong> It\u2019s a mixed bag. At the head of the pack: <strong><a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/us-fda-grants-full-approval-pfizer-biontech-covid-19-vaccine-2021-08-23\/\">Pfizer now has full<\/a><\/strong><strong><a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/us-fda-grants-full-approval-pfizer-biontech-covid-19-vaccine-2021-08-23\/\">regulatory approval<\/a><\/strong> in the United States (it was previously being used under an emergency authorization), prompting US President Joe Biden to <strong>call on companies to <\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/745d6d29-86f1-4116-9e72-cdd5e7218f6e\">require all workers to get the jab<\/a><\/strong>. Wall Street <a href=\"https:\/\/www.cnbc.com\/2021\/08\/23\/stock-market-futures-open-to-close-news.html\">appears happy<\/a> with Pfizer having gotten approval, and Fortune has a nice <a href=\"https:\/\/fortune.com\/2021\/08\/23\/companies-requiring-vaccines-workers-vaccination-mandatory\/\">list of major US companies that have made the jab mandatory<\/a> for all of their staff.<\/p><p><strong>Over in Afghanistan<\/strong>, there\u2019s speculation that US President Joe Biden will have to extend the deadline for the evacuation from Kabul. <a href=\"https:\/\/www.nytimes.com\/2021\/08\/23\/world\/asia\/afghanistan-evacuation-americans-biden.html\">The Taliban aren\u2019t down with the idea<\/a>. Meanwhile, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-23\/johnson-musters-g-7-to-press-biden-for-more-time-in-afghanistan?srnd=premium-middle-east\">G7 leaders are set to discuss the situation in Afghanistan today<\/a> at a (virtual) meeting called by the UK\u2019s Boris Johnson.<\/p><p><strong>PSA- <\/strong><strong>There\u2019s good news for the men of our tribe:<\/strong> A new molecule has proven a game changer for guys with advanced prostate cancer, in many cases stopping the disease in its tracks. The pill has already proven very effective against certain types of breast cancer (it targets the same BRCA mutation), and trials say it now works well against many forms of the disease in the prostate. <a href=\"https:\/\/www.thetimes.co.uk\/article\/personalised-drug-stops-spread-of-prostate-cancer-55x0fhtz9\">The UK\u2019s Times has the story<\/a>.<\/p><p><strong>HAPPENING TODAY- <\/strong><strong>The Tokyo 2020 Paralympics open today, with competition <\/strong><strong>starting tomorrow. The event runs through 5 <\/strong><strong>September<\/strong>, with Egypt sending a 49-athlete-strong team to the games. We\u2019ll have a full rundown of expected day one highlights in this afternoon\u2019s EnterprisePM.<\/p><p><strong>Also today: MEED will hold a webinar titled Energy Transition in the Middle East,<\/strong> at 12pm CLT today.<\/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>***CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>The delta variant is in Egypt <\/strong>and Egypt-made Sinovac is available as of today, Health Minister Hala Zayed said at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41c4d9d1-17d6-4e13-acbf-5c5e86c69725\">an epic presser yesterday<\/a>. Vaccination may soon be compulsory if you want to attend a large gathering. And a manufacturing agreement with a European vaccine maker will be announced soon.<\/li>\n<li><strong>EKH expanding into financial services:<\/strong> Egypt Holding Kuwait (EKH) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c7936fb-1c07-4460-b386-b9070a3074a9\">plans to launch<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c7936fb-1c07-4460-b386-b9070a3074a9\">a microfinance firm called Bedayti<\/a> during 4Q2021.<\/li>\n<li><strong>Market roundup: <\/strong>The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63b1bd5f-5036-40ae-8e02-da62a050fda2\">EGX30 rose 1.8% yesterday<\/a> with turnover of EGP 2.21 bn, 37.2% more than the 90-day average.<\/li>\n<\/ul><p><strong>MORNING MUST READ- Richard Branson's <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/684b7153-a18f-42ac-9624-6432f68abb28\">space ambitions<\/a><\/strong><strong> are getting a boost:<\/strong> The Virgin group founder and bn\u2019aire\u2019s satellite-launching startup Virgin Orbit could receive an investment from planemaker Boeing later this year through a planned USD 3.2 bn SPAC listing on the Nasdaq, <a href=\"https:\/\/www.wsj.com\/articles\/boeing-plans-investment-in-virgin-orbits-3-2-billion-spac-listing-11629713303?mod=hp_lista_pos1\">the Wall Street Journal<\/a> reports. While Boeing did not disclose how much it was investing, the planned investment comes as the company struggles to recover from a turnaround in its space business after <a href=\"https:\/\/www.washingtonpost.com\/technology\/2021\/08\/09\/boeing-starliner-launch-delay-valves\/\">the grounding of its Starliner spacecraft<\/a> earlier this month due to faulty valves.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>It\u2019s Jackson Hole week: <\/strong>The Federal Reserve Bank of Kansas City\u2019s annual gathering of central bankers and policy makers at Jackson Hole <a href=\"https:\/\/www.kansascityfed.org\/newsroom\/2021-news-releases\/Kansas-City-Fed-to-host-Economic-Policy-Symposium-online\/\">will take place on Friday, 27 August<\/a>. This is the second year in a row that <a href=\"https:\/\/www.reuters.com\/world\/us\/feds-jackson-hole-shift-shows-delta-variants-ability-skew-plans-2021-08-23\/\">the gathering will be online<\/a> as the local case count climbed in Wyoming. Look for signals coming out of the gathering that the Fed may start tapering off stimulus this fall.<\/p><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p><p><strong>In today\u2019s issue: <\/strong>Green hydrogen seems to be the green economy\u2019s latest buzzword, with initiatives in developed and developing economies alike touting the environmentally friendly energy source as an efficient alternative to fossil fuels. We take a look at what green hydrogen is and tackle Egypt\u2019s green hydrogen production ambitions, and the possibilities of the nascent sector.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/space\/\">space<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"558724\" 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=\"558724\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/558724\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558724\" class=\"content-area-description single-story post-558724 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\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=\"558725\" 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=\"558725\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/ekh-plans-five-year-usd-500-mn-investment-drive\/\">\r\n                            EKH plans five year, USD 500 mn investment drive                        <\/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\/24\/ekh-plans-five-year-usd-500-mn-investment-drive\/\" 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\/24\/ekh-plans-five-year-usd-500-mn-investment-drive\/')\">\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\/24\/ekh-plans-five-year-usd-500-mn-investment-drive\/\">\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=EKH plans five year, USD 500 mn investment drive&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/ekh-plans-five-year-usd-500-mn-investment-drive\/\">\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\/24\/ekh-plans-five-year-usd-500-mn-investment-drive\/&title=EKH plans five year, USD 500 mn investment drive\">\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=EKH+plans+five+year%2C+USD+500+mn+investment+drive+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F24%2Fekh-plans-five-year-usd-500-mn-investment-drive%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\/24\/ekh-plans-five-year-usd-500-mn-investment-drive\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/242.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558726\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/ekh-plans-five-year-usd-500-mn-investment-drive\/242-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/242.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"242.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/242.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/242.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558725\" class=\"content-area-description single-story post-558725 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-egypt-kuwait-holding tag-energy tag-enterpriseam tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt Kuwait Holding (EKH) plans to invest a total of USD 500 mn over <\/strong><strong>the <\/strong><strong>next five years.<\/strong> The investment company \u2014 which is dual-listed on the Egyptian and Kuwaiti stock exchanges \u2014 is looking to deploy USD 100 mn annually starting 2022 across at least six verticals, CEO Sherif El Zayat said yesterday, according to <a href=\"https:\/\/hapijournal.com\/?p=150386\">Hapi Journal<\/a>.<\/p>\n<p><strong>EKH <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce7addf5-874c-4c14-b9f5-7e3e3538637f\">plans to invest USD 300 mn<\/a><\/strong><strong> this year and next:<\/strong> The investments include USD 18 mn to set up a new sulfuric acid production plant in Tenth of Ramadan City and USD 12 mn in its Sprea Misr factory complex to increase the capacity of its laminate sheets production line, El Zayat <a href=\"https:\/\/hapijournal.com\/?p=150395\">said<\/a>.<\/p>\n<p><strong>EKH is also studying expanding its investments in North Sinai gas fields: <\/strong>The company is mulling a new USD 30 mn investment in a new concession area in North Sinai, and has proposed the acquisition to the oil ministry, El Zayat <a href=\"https:\/\/hapijournal.com\/?p=150412\">said<\/a>. EKH had in March announced that it would earmark USD 75 mn for its subsidiary NSCO Investments to develop new wells at its <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/27\/ekh-studies-investing-usd-110-mn-in-north-sinai-gas-fields-this-year\/\">North Sinai gas concession<\/a>. As for natural gas distribution through EKH\u2019s subsidiaries Nat Gas and Fayoum Gas, the company is expected to expand its natgas networks to more than 600k households over the next three years as part of the state\u2019s Decent Life initiative, he <a href=\"https:\/\/hapijournal.com\/?p=150412\">added<\/a>.<\/p>\n<p><strong>EKH is considering making a foray into renewable energy<\/strong> in Egypt and Africa, possibly in partnership with the Egyptian government, with investments of at least USD 100 mn over the next three years, <a href=\"https:\/\/bit.ly\/2WltpLN\">according to El Zayat<\/a>. Company officials also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c7936fb-1c07-4460-b386-b9070a3074a9\">told us earlier this week<\/a> that EKH plans to expand its footprint in financial services by establishing a microfinance firm called Bedayti during 4Q2021.<\/p>\n<p><strong>The news comes as shareholders can still line up to convert EKH stock to trade in EGP: <\/strong>Stockholders can still <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c98a074a-4eca-44c7-9524-feb16a03d1da\">apply to convert the trading currency<\/a> of their shares \u2014 it\u2019s all in USD right now \u2014 to EGP through mid-September. EKH thinks the move will give more liquidity to the share, and shareholders who convert into EGP will still get dividends in USD.<\/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\/egypt-kuwait-holding\/\">Egypt Kuwait Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558727\" 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=\"558727\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/health-management-player-heka-raises-pre-seed-funding\/\">\r\n                            Health management player Heka raises pre-seed funding                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/health-management-player-heka-raises-pre-seed-funding\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/health-management-player-heka-raises-pre-seed-funding\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/health-management-player-heka-raises-pre-seed-funding\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Health management player Heka raises pre-seed funding&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/health-management-player-heka-raises-pre-seed-funding\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/health-management-player-heka-raises-pre-seed-funding\/&title=Health management player Heka raises pre-seed funding\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Health+management+player+Heka+raises+pre-seed+funding+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F24%2Fhealth-management-player-heka-raises-pre-seed-funding%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/health-management-player-heka-raises-pre-seed-funding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558727\" class=\"content-area-description single-story post-558727 post type-post status-publish format-standard hentry category-startup-watch tag-digitization tag-enterpriseam tag-investment-watch tag-startup-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Cairo-based health management startup Heka has raised a seven-figure <\/strong><strong>USD pre-seed <\/strong><strong>funding round <\/strong>led by angel investor Mohamed El Khamissy, founder Maged Nadim told Enterprise. The investment will be used to expand Heka\u2019s verticals \u2014 <a href=\"https:\/\/www.instagram.com\/selfjuicery\/?hl=en\">Self Juicery + Health House<\/a> and <a href=\"https:\/\/m.facebook.com\/Reviv.Egypt\/\">Reviv Egypt<\/a>, along with a third undisclosed vertical poised to launch before year\u2019s end. The funds will also pave the way for digitizing Heka\u2019s infrastructure and growing its online presence. El Khamissy is already a major shareholder in <a href=\"https:\/\/revivme.com\/\">Reviv<\/a> \u2014 a leading global provider of intravenous therapy and vitamin injections that Heka had franchised in Cairo earlier this year.<\/p>\n<p><strong>What\u2019s Heka?<\/strong> Recently founded by Maged Nadim, the company is looking to lead the drive for preventive healthcare and wellness in Egypt through its growing umbrella of verticals. Heka launched its health-conscious restaurant and juice bar, Self Juicery + Health House, in 2018, and now runs six branches of the business across the country, emphasizing organic and plant-based food options. Heka then expanded into preventative med and rehabilitative care by bringing the Reviv to Egypt in early 2021, with two branches now operating.<\/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\/digitization\/\">digitization<\/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\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558728\" 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=\"558728\">\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\">Outsourcing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/fdi-flows-into-outsourcing\/\">\r\n                            FDI flows into outsourcing                        <\/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\/24\/fdi-flows-into-outsourcing\/\" 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\/24\/fdi-flows-into-outsourcing\/')\">\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\/24\/fdi-flows-into-outsourcing\/\">\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=FDI flows into outsourcing&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/fdi-flows-into-outsourcing\/\">\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\/24\/fdi-flows-into-outsourcing\/&title=FDI flows into outsourcing\">\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=FDI+flows+into+outsourcing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F24%2Ffdi-flows-into-outsourcing%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\/24\/fdi-flows-into-outsourcing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/243.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558729\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/fdi-flows-into-outsourcing\/243-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/243.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"243.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/243.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/243.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558728\" class=\"content-area-description single-story post-558728 post type-post status-publish format-standard has-post-thumbnail hentry category-outsourcing tag-cit tag-enterpriseam tag-itida tag-majid-al-futtaim tag-outsourcing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>ITIDA and <\/strong><strong>Majid Al Futtaim (MAF) Group\u2019s tech unit<\/strong><strong> will jointly build a tech <\/strong><strong>outsourcing <\/strong><strong>service center:<\/strong> MAF Global Solutions will develop its first outsourcing center in Egypt with the state\u2019s Information Technology Industry Development Agency (ITIDA) under a three-year cooperation agreement signed yesterday, according to <a href=\"http:\/\/bit.ly\/3sHVh8Z\">a statement<\/a>. Under the agreement, MAF Global Solutions will hire more than 600 high-skilled Egyptian specialists to provide services in fields including finance, human resources, marketing and CIT.<\/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\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/itida\/\">ITIDA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/majid-al-futtaim\/\">Majid Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/outsourcing\/\">outsourcing<\/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=\"558730\" 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=\"558730\">\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\">Tax<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/3k-deadbeats-just-got-a-breather-from-finmin\/\">\r\n                            3k deadbeats just got a breather from FinMin                        <\/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\/24\/3k-deadbeats-just-got-a-breather-from-finmin\/\" 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\/24\/3k-deadbeats-just-got-a-breather-from-finmin\/')\">\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\/24\/3k-deadbeats-just-got-a-breather-from-finmin\/\">\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=3k deadbeats just got a breather from FinMin&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/3k-deadbeats-just-got-a-breather-from-finmin\/\">\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\/24\/3k-deadbeats-just-got-a-breather-from-finmin\/&title=3k deadbeats just got a breather from FinMin\">\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=3k+deadbeats+just+got+a+breather+from+FinMin+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F24%2F3k-deadbeats-just-got-a-breather-from-finmin%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\/24\/3k-deadbeats-just-got-a-breather-from-finmin\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/244.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558731\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/3k-deadbeats-just-got-a-breather-from-finmin\/244-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/244.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"244.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/244.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/244.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558730\" class=\"content-area-description single-story post-558730 post type-post status-publish format-standard has-post-thumbnail hentry category-tax tag-covid-19 tag-enterpriseam tag-finance-ministry tag-tax tag-vat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>The Finance Ministry lifted administrative seizure orders from more than 3k companies between April 2020 and July 2021 <\/strong>under an initiative that allows relief when companies that have fallen behind on taxes to cough up 1-10% of what they owe in overdue income and value-added taxes, according to <a href=\"https:\/\/bit.ly\/3sHd9ky\">a statement<\/a> by Finance Minister Mohamed Maait yesterday. Maait has offered a series of concessions that aim to speed up the resolution of tax disputes \u2014 and that recognize many businesses are still struggling with the impact of covid-19. The ministry has collected EGP 159.7 mn in overdue tax payments under the initiative since April of last year, according to the statement.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vat\/\">VAT<\/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=\"558732\" 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=\"558732\">\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\">Suez Canal<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/suez-canal-revenues-are-up\/\">\r\n                            Suez Canal revenues are up                        <\/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\/24\/suez-canal-revenues-are-up\/\" 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\/24\/suez-canal-revenues-are-up\/')\">\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\/24\/suez-canal-revenues-are-up\/\">\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=Suez Canal revenues are up&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/suez-canal-revenues-are-up\/\">\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\/24\/suez-canal-revenues-are-up\/&title=Suez Canal revenues are up\">\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=Suez+Canal+revenues+are+up+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F24%2Fsuez-canal-revenues-are-up%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\/24\/suez-canal-revenues-are-up\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/245.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558733\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/suez-canal-revenues-are-up\/245-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/245.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"245.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/245.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/245.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558732\" class=\"content-area-description single-story post-558732 post type-post status-publish format-standard has-post-thumbnail hentry category-suez-canal tag-enterpriseam tag-logistics tag-osama-rabie tag-suez-canal tag-suez-canal-authority tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Suez Canal revenues rose almost 11.2% y-o-y to USD 3.88 bn from January to <\/strong><strong>August<\/strong>, compared with the preceding year when revenues came in at USD 3.49 bn, Suez Canal Authority (SCA) boss Osama Rabie told a Sada El Balad Sunday (<a href=\"https:\/\/www.facebook.com\/watch\/?v=3000974643518380\">watch, runtime 9:03<\/a>). <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypts-suez-canal-revenue-rise-112-jan-20-aug-20-canal-chairman-2021-08-22\/\">Reuters<\/a> also had the story.<\/p>\n<p><strong>Suez Canal revenues hit a record <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/250b9c8c-69b0-4e87-9d24-de0fd4ab8a7c\">USD 5.84 bn<\/a><\/strong><strong> in FY2020-2021<\/strong>, up slightly from USD 5.72 bn the year before, despite <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7338a482-1d8a-4ede-8eb7-7ff758f0fae2\">the Ever Given crisis<\/a> that blocked the canal for almost a week in March. Almost 9.8K ships crossed the canal during 1H2021, compared to 9.5K ships last year.<\/p>\n<p><strong>The SCA has been making an effort to boost traffic through the canal<\/strong>, slashing transit fees for LNG tankers <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ed4bfa24-0a5b-4a8d-a214-4f3879d537cb\">at the end of 2020<\/a> and some container ships <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7c1ba074-e2af-40f9-8ce6-4d4b81d601ab\">at the beginning of July<\/a>, and freezing transit fees for all ships <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f90fa9f6-0cae-46b9-8270-6ab39a68075c\">at 2020 rates<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/osama-rabie\/\">Osama Rabie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558734\" 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=\"558734\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/gafi-boss-reappointed-bank-abc-admin-prosecution-authority-get-new-chiefs\/\">\r\n                            GAFI boss reappointed, Bank ABC, Admin Prosecution Authority get new chiefs                        <\/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\/24\/gafi-boss-reappointed-bank-abc-admin-prosecution-authority-get-new-chiefs\/\" 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\/24\/gafi-boss-reappointed-bank-abc-admin-prosecution-authority-get-new-chiefs\/')\">\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\/24\/gafi-boss-reappointed-bank-abc-admin-prosecution-authority-get-new-chiefs\/\">\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=GAFI boss reappointed, Bank ABC, Admin Prosecution Authority get new chiefs&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/gafi-boss-reappointed-bank-abc-admin-prosecution-authority-get-new-chiefs\/\">\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\/24\/gafi-boss-reappointed-bank-abc-admin-prosecution-authority-get-new-chiefs\/&title=GAFI boss reappointed, Bank ABC, Admin Prosecution Authority get new chiefs\">\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=GAFI+boss+reappointed%2C+Bank+ABC%2C+Admin+Prosecution+Authority+get+new+chiefs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F24%2Fgafi-boss-reappointed-bank-abc-admin-prosecution-authority-get-new-chiefs%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\/24\/gafi-boss-reappointed-bank-abc-admin-prosecution-authority-get-new-chiefs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558734\" class=\"content-area-description single-story post-558734 post type-post status-publish format-standard hentry category-moves tag-bank-abc tag-blom-bank tag-enterpriseam tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>General Authority for Investment and Freezones (GAFI) CEO Mohamed Abdel <\/strong><strong>Wahab (<\/strong><strong><a href=\"https:\/\/eg.linkedin.com\/in\/abdelwahabofficial\">LinkedIn<\/a><\/strong><strong>) has been reappointed for another one-year term<\/strong> by Prime Minister Moustafa Madbouly, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/207688624734899\">a cabinet statement<\/a> yesterday.<\/p>\n<p><strong>Bank ABC<\/strong> has appointed <strong>Amr Tharwat<\/strong> (<a href=\"https:\/\/ae.linkedin.com\/in\/amr-tharwat-abo-el-ella-a4525721?trk=people-guest_people_search-card\">LinkedIn<\/a>) as the managing director and CEO of the bank\u2019s Egypt unit, the Bahraini lender said in a <a href=\"https:\/\/www.bank-abc.com\/world\/Egypt\/En\/AboutABC\/Media\/Press\/Pages\/Announcing-New-Bank-ABC-Egypt-MD-and-CEO.aspx\">statement<\/a> yesterday. Tharwat has more than 26 years of experience in corporate and investment banking and joins the bank after working at HSBC for 15 years, most recently as the deputy head of global banking. Tharwat\u2019s appointment comes less than two weeks after the bank closed its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4b287f2-a3b9-4821-9670-9dc5c1650303\">acquisition of Blom Bank Egypt<\/a> for USD 424 mn.<\/p>\n<p><strong>Ezzat Abu Zeid Sallam<\/strong> has been sworn in as <strong>the new head of the Administrative <\/strong><strong>Prosecution Authority<\/strong>, succeeding Essam El Din El Menshawy, Ittihadiya said in <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/384674383021296\">a statement<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bank-abc\/\">Bank ABC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blom-bank\/\">Blom Bank<\/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=\"558735\" 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=\"558735\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/558735\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558735\" class=\"content-area-description single-story post-558735 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-Roller-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558736\" 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=\"558736\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/covid-19-presser-tops-coverage-afghanistan-evacuees-land-in-cairo\/\">\r\n                            Covid-19 presser tops coverage + Afghanistan evacuees land in Cairo                        <\/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\/24\/covid-19-presser-tops-coverage-afghanistan-evacuees-land-in-cairo\/\" 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\/24\/covid-19-presser-tops-coverage-afghanistan-evacuees-land-in-cairo\/')\">\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\/24\/covid-19-presser-tops-coverage-afghanistan-evacuees-land-in-cairo\/\">\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=Covid-19 presser tops coverage + Afghanistan evacuees land in Cairo&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/covid-19-presser-tops-coverage-afghanistan-evacuees-land-in-cairo\/\">\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\/24\/covid-19-presser-tops-coverage-afghanistan-evacuees-land-in-cairo\/&title=Covid-19 presser tops coverage + Afghanistan evacuees land in Cairo\">\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=Covid-19+presser+tops+coverage+%2B+Afghanistan+evacuees+land+in+Cairo+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F24%2Fcovid-19-presser-tops-coverage-afghanistan-evacuees-land-in-cairo%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\/24\/covid-19-presser-tops-coverage-afghanistan-evacuees-land-in-cairo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558736\" class=\"content-area-description single-story post-558736 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-afghanistan tag-covid-19 tag-el-nasr-automotive tag-enterpriseam tag-last-nights-talk-shows tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Covid-19 was once again the top story on the nation\u2019s talk shows last night<\/strong> after Health Minister Hala Zayed\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41c4d9d1-17d6-4e13-acbf-5c5e86c69725\">epic presser<\/a> yesterday, at which she announced the entry of the delta variant into the country, the availability of Egypt-made Sinovac as of today, and a possible vaccine requirement for accessing large gatherings. Among those who took note: Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=uiEXGeemMy4\">watch, runtime: 15:19<\/a>) and Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=TTxXzJtHLrw\">watch, runtime: 2:01<\/a>).<\/p>\n<p><strong>El Nasr Auto\u2019s plans to produce Chinese EVs was also on the agenda: <\/strong>Uber is handling three of the nine Chinese-made DongFeng E70 electric vehicles <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/351b97a5-2950-492f-8fb5-9032138878a3\">currently being tested<\/a> on Egyptian roads, state-owned El Nasr Automotive managing director Hany El Kholy told Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=w5cZZ4_u1c0\">watch, runtime: 24:32<\/a>) last night. El Nasr had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90d6f7ac-fc42-4056-84d6-a14086b167f1\">imported 13 DongFeng EVs in June from China<\/a> for road-testing ahead of the launch of an assembled-in-Egypt E70 in 2H2022. There are plans for inclusion of the public in the road tests at a later stage, El Kholy said, noting that the road-testing phase is slated to conclude in November.<\/p>\n<p><strong>Elsewhere: A military plane carrying Egyptian citizens and government personnel from Afghanistan <\/strong><strong>landed in Cairo last night <\/strong>(<a href=\"https:\/\/web.facebook.com\/baladtv\/videos\/872012147032993\">watch, runtime: 41:08<\/a>). The Egyptian government has managed to evacuate some of the country\u2019s Al Azhar clerics and personnel from the Egyptian Embassy in Kabul, which is facing a crush of thousands of people trying to get out of Afghanistan after the Taliban\u2019s takeover last week. <a href=\"https:\/\/apnews.com\/article\/kabul-a3d622f6cfe4406cfc960c574c960202\">The Associated Press<\/a> also has the story.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/afghanistan\/\">Afghanistan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/el-nasr-automotive\/\">El Nasr Automotive<\/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\/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=\"558737\" 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        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     Human rights are back in the foreign press                        <\/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\/24\/human-rights-are-back-in-the-foreign-press\/\" 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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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\/24\/human-rights-are-back-in-the-foreign-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558738\" class=\"content-area-description single-story post-558738 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-biden-administration tag-enterpriseam tag-human-rights tag-north-coast tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Human rights are back in the press:<\/strong> <a href=\"https:\/\/www.ansamed.info\/ansamed\/en\/news\/sections\/generalnews\/2021\/08\/23\/egypt-zakis-custody-extended-again_1c882624-0674-4cfe-a12e-fe6769728f47.html\">Italian media<\/a> is reporting that an Egyptian court has extended student Patrick Zaki\u2019s pre-trial detention, leading Amnesty International to call on the Italian government to lodge a protest with Egyptian authorities. Meanwhile, <a href=\"https:\/\/www.amnestyusa.org\/press-releases\/waiving-restrictions-on-u-s-military-assistance-to-egypt-risks-u-s-complicity-in-human-rights-abuses\/\">Amnesty<\/a> is renewing calls on the Biden administration to halt arms sales to Egypt due to alleged human rights violations.<\/p>\n<p><strong>Also making headlines: <\/strong><\/p>\n<ul>\n<li><strong>Sahel surf camp:<\/strong> <a href=\"https:\/\/www.instagram.com\/surfcampegypt\/?hl=en\">Surf Camp Egypt<\/a> \u2014 billed as the first of its kind in Egypt \u2014 is offering surfing classes across three locations on the North Coast. (<a href=\"https:\/\/www.thenationalnews.com\/travel\/destinations\/2021\/08\/23\/surfs-up-in-sahel-egyptian-surf-camp-proves-you-can-catch-waves-on-the-mediterranean-sea\/\">The National<\/a>)<\/li>\n<li><strong>Rafah crossing closure: <\/strong>Haaretz cites an unnamed Egyptian official saying the closure of the Rafah crossing between Egypt and Gaza is meant to apply pressure to Hamas over a lack of progress in indirect talks with Israel (<a href=\"https:\/\/www.timesofisrael.com\/liveblog_entry\/egyptian-official-says-rafah-crossing-was-closed-to-pressure-hamas\/\">The Times of Israel<\/a>)<\/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\/biden-administration\/\">Biden administration<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/north-coast\/\">north coast<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558739\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558740\" 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=\"558740\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/fra-makes-operations-easier-for-charitable-funds\/\">\r\n                            FRA makes operations easier for charitable funds                        <\/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        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           <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/fra-makes-operations-easier-for-charitable-funds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558740\" class=\"content-area-description single-story post-558740 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-financial-regulatory-authority tag-hassan-allam-holding tag-infrastructure tag-irrigation tag-new-administrative-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Endowments of registered local charities will only be required to set aside a <\/strong><strong>maximum of <\/strong>EGP 5 mn, or 2% of local funds, to remain uninvested for institutional activities under <a href=\"https:\/\/bit.ly\/3B19dxY\">a new decree<\/a> by the Financial Regulatory Authority that places caps on the size of the reserve funds required for a fund to begin operating.<\/p><p><strong>Hassan Allam Construction<\/strong> has been <a href=\"https:\/\/bit.ly\/2UIs8hC\">awarded<\/a> a new contract for <strong>an<\/strong> <strong>infrastructure project in Toshka<\/strong>, comprising 180 km of road networks and 265 km of irrigation canals.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hassan-allam-holding\/\">Hassan Allam Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/irrigation\/\">irrigation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558741\" 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=\"558741\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/pfizer-is-first-vaccine-to-receive-full-fda-approval\/\">\r\n                            Pfizer is first vaccine to receive full FDA approval                        <\/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\/24\/pfizer-is-first-vaccine-to-receive-full-fda-approval\/\" 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\/24\/pfizer-is-first-vaccine-to-receive-full-fda-approval\/')\">\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\/24\/pfizer-is-first-vaccine-to-receive-full-fda-approval\/\">\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=Pfizer is first vaccine to receive full FDA approval&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/pfizer-is-first-vaccine-to-receive-full-fda-approval\/\">\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\/24\/pfizer-is-first-vaccine-to-receive-full-fda-approval\/&title=Pfizer is first vaccine to receive full FDA approval\">\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=Pfizer+is+first+vaccine+to+receive+full+FDA+approval+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F24%2Fpfizer-is-first-vaccine-to-receive-full-fda-approval%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\/24\/pfizer-is-first-vaccine-to-receive-full-fda-approval\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558741\" class=\"content-area-description single-story post-558741 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-fda tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Health Ministry reported 189 new covid-19 infections yesterday<\/strong>, up from 184 the day before. Egypt has now disclosed a total of 286,541 confirmed cases of covid-19. The ministry also reported 5 new deaths, bringing the country\u2019s total death toll to 16,676.<\/p>\n<p><strong>The Pfizer \/ BioNTech covid-19 vaccine has become the first to receive full FDA <\/strong><strong>approval<\/strong>, replacing the emergency use authorization granted by the agency <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69472ef9-9ee9-4af9-b020-309cccfa9b29\">last December<\/a>, according to <a href=\"https:\/\/www.fda.gov\/news-events\/press-announcements\/fda-approves-first-covid-19-vaccine\">a statement<\/a>. The vaccine will now be marketed as Comirnaty, and remains available under emergency use authorization 12-15 years olds. In light of the approval, the Pentagon says it will now require service members to receive the Pfizer vaccine (<a href=\"https:\/\/www.defense.gov\/Explore\/News\/Article\/Article\/2741934\/defense-officials-brief-reporters-at-pentagon\/\">watch, runtime: 51:52<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fda\/\">FDA<\/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=\"558742\" 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=\"558742\">\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\/24\/us-growth-slows-as-delta-variant-spreads-eurozone-looks-forward-to-a-strong-3q\/\">\r\n                            US growth slows as delta variant spreads, Eurozone looks forward to a strong 3Q                        <\/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\/24\/us-growth-slows-as-delta-variant-spreads-eurozone-looks-forward-to-a-strong-3q\/\" 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\/24\/us-growth-slows-as-delta-variant-spreads-eurozone-looks-forward-to-a-strong-3q\/')\">\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\/24\/us-growth-slows-as-delta-variant-spreads-eurozone-looks-forward-to-a-strong-3q\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=US growth slows as delta variant spreads, Eurozone looks forward to a strong 3Q&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/us-growth-slows-as-delta-variant-spreads-eurozone-looks-forward-to-a-strong-3q\/\">\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\/24\/us-growth-slows-as-delta-variant-spreads-eurozone-looks-forward-to-a-strong-3q\/&title=US growth slows as delta variant spreads, Eurozone looks forward to a strong 3Q\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=US+growth+slows+as+delta+variant+spreads%2C+Eurozone+looks+forward+to+a+strong+3Q+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F24%2Fus-growth-slows-as-delta-variant-spreads-eurozone-looks-forward-to-a-strong-3q%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\/24\/us-growth-slows-as-delta-variant-spreads-eurozone-looks-forward-to-a-strong-3q\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558742\" class=\"content-area-description single-story post-558742 post type-post status-publish format-standard hentry category-planet-finance tag-china tag-china-three-gorges-corp tag-container-ships tag-enterpriseam tag-financial-markets tag-middle-east tag-planet-finance tag-renewables tag-supply-chain 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>US economic data published in recent weeks has fallen short of <\/strong><strong>expectations<\/strong> with reports missing the mark by the largest margin since the heyday of the pandemic last year, raising concerns over muted global economic growth off the back of the Delta variant, the <a href=\"https:\/\/www.ft.com\/content\/f8eaf88b-53f8-4b7f-a110-dcc5ad767c8c\">Financial Times<\/a> reports. Gauges of US consumer confidence, retail sales, and business activity have all come in lower than anticipated, with economists dialling back US growth forecasts to 6.2% from 6.6% for this year.<\/p><p><strong>Meanwhile, across the pond: Eurozone business activity grew at its fastest pace in 15 <\/strong><strong>years<\/strong> in August, with the IHS Markit flash composite PMI reaching 59.5, buoying expectations for strong 3Q2021 growth, the Financial Times reports. While higher vaccination rates boosted optimism, increased hiring activity and higher input costs indicate that the ripples of supply chain disruptions are still being felt throughout European markets.<\/p><p><strong>Oil prices snap 7-day losing streak<\/strong>: Oil prices rebounded from a seven-day losing streak, supported by a softer USD despite lingering fears that rising covid-19 might affect fuel demand, <a href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-rebound-7-day-losing-streak-investors-snap-up-bargains-2021-08-23\/\">Reuters<\/a> reports. Brent crude jumped 3% to USD 67.26 a barrel (and was at USD 68.89 at dispatch time), while US West Texas Intermediate (WTI) crude for October delivery similarly rose 3% to USD 64.04. Last week, both benchmarks saw their biggest week of losses in more than nine months, with Brent plunging about 8% and WTI about 9%.<\/p><p><strong>BTC hit a three-month high, peaking at USD 50,428<\/strong> before sliding back to 49.9k as of midnight CLT, as cryptocurrency prices slowly rose on their path to recovery. This increase indicates that the world\u2019s largest cryptocurrency had overcome its crypto rout earlier this summer, which left it hitting just under USD 30,000. Analysts see BTC testing all-time highs soon, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-23\/bitcoin-nears-the-50-000-level-for-the-first-time-since-mid-may?sref=mmeFTDW1\">Bloomberg<\/a>.<\/p><p><strong>Other global business news you should know about this morning:<\/strong><\/p><ul>\n<li><strong>China has made a major play for the MENA renewables market\u2026<\/strong> State-owned power giant China Three Gorges Corp. announced yesterday that it would purchase Dubai-based wind and solar developer Alcazar Energy, in a transaction Bloomberg reported last week could be worth USD 1 bn. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-23\/china-muscles-in-on-middle-east-renewables-with-alcazar-takeover?srnd=premium-middle-east%20https:\/\/gulfnews.com\/business\/energy\/dubai-renewables-company-alcazar-energy-partners-acquired-by-china-three-gorges-1.1629691745658&amp;sref=mmeFTDW1\">Bloomberg<\/a>)<\/li>\n<li><strong>\u2026 as it continues to clamp down on IPOs:<\/strong> More than 40 Chinese companies have been prevented from going public on the Shanghai and Shenzhen exchanges after regulators launched a probe into several firms managing the transactions. (<a href=\"https:\/\/www.reuters.com\/world\/china\/china-halts-over-40-ipos-amid-regulatory-probe-2021-08-23\/\">Reuters<\/a>)<\/li>\n<\/ul><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,884<\/p>\n<\/td>\n<td>\n<p>+1.8% (YTD: +0.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>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>11,062<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +27.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>7,683<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +52.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,887<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: +15.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,479.53<\/p>\n<\/td>\n<td>\n<p>+0.9% (YTD: +19.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,109.02<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +10.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong><a href=\"https:\/\/www.bloomberg.com\/markets\/commodities?sref=mmeFTDW1\">Brent crude<\/a><\/strong><\/p>\n<\/td>\n<td>\n<p>USD 68.89<\/p>\n<\/td>\n<td>\n<p>+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.94<\/p>\n<\/td>\n<td>\n<p>-0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,806.50<\/p>\n<\/td>\n<td>\n<p>-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 49,443.63<\/p>\n<\/td>\n<td>\n<p>+1.4% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 1.8% at yesterday\u2019s close<\/strong> on turnover of EGP 2.21 bn (37.2% above the 90-day average). Local investors were net buyers. The index is up 0.4% YTD.<\/p><p><strong>In the green: <\/strong>Egyptian Resorts Company (+7.5%), Sidi Kerir Petrochem (+3.8%) and Ezz Steel (+3.4%).<\/p><p><strong>In the red: <\/strong>Rameda (-2.4%), Orascom Development (-1.2%) and GB Auto (-1.0%).<\/p><p><strong>Major Asian indexes are uniformly in the green this morning<\/strong>, while futures suggest that Wall Street and Bay Street will both open in the green later today, as will Europe this morning.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china-three-gorges-corp\/\">China Three Gorges Corp<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/container-ships\/\">container ships<\/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\/middle-east\/\">Middle East<\/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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-chain\/\">supply chain<\/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=\"558743\" 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=\"558743\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/new-qatari-ambassador-officially-begins-duties\/\">\r\n                            New Qatari ambassador officially begins duties                        <\/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\/24\/new-qatari-ambassador-officially-begins-duties\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The move is the latest signal of rapprochement between Egypt and Qatar after they re-established diplomatic ties <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/385f8cb8-4b97-4f11-b5dc-3e1263b91ad9\">earlier this year<\/a>, following their <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/05\/what-were-tracking-on-05-june-2017\/\">severing in 2017<\/a> over Doha\u2019s continued support for the Ikhwan.<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/muslim-brotherhood\/\">Muslim Brotherhood<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558744\" 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=\"558744\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/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\/24\/ethiopia-wants-to-build-its-own-facebook\/\">\r\n                            Ethiopia wants to build its own facebook                        <\/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\/24\/ethiopia-wants-to-build-its-own-facebook\/\" 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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While the government does not plan to block any of the US-owned platforms, it wants to reduce reliance on foreign tech firms that meddle in the country\u2019s politics, authorities said, amid an armed conflict between the federal government and the Tigray People\u2019s Liberation Front which has seen supporters of both sides wage information wars on social media, <a href=\"https:\/\/www.reuters.com\/article\/us-ethiopia-socialmedia\/ethiopia-to-build-local-rival-to-facebook-other-platforms-idUSKBN2FO0X3\">Reuters<\/a> reports.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section going-green wp-block-group issue-section\" id=\"558745\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/goinggreen\/\">\r\n                            Read going Green                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">14<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/enterprise-explains-green-hydrogen\/\">\r\n                            Enterprise Explains: Green Hydrogen<\/a>\r\n                        <\/h3>\r\n\r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/enterprise-explains-green-hydrogen\/\" 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\/goinggreens\/enterprise-explains-green-hydrogen\/')\">\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\/goinggreens\/enterprise-explains-green-hydrogen\/\">\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=Enterprise Explains: Green Hydrogen&url=https:\/\/enterpriseam.com\/egypt\/goinggreens\/enterprise-explains-green-hydrogen\/\">\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\/goinggreens\/enterprise-explains-green-hydrogen\/&title=Enterprise Explains: Green Hydrogen\">\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=Enterprise+Explains%3A+Green+Hydrogen+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fgoinggreens%2Fenterprise-explains-green-hydrogen%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/enterprise-explains-green-hydrogen\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/247.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"558746\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/enterprise-explains-green-hydrogen\/247-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/247.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"247.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/247.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/247.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-558745\" class=\"content-area-description post-558745 goinggreen type-goinggreen status-publish has-post-thumbnail hentry tag-electrolysis tag-enterprise-going-green tag-enterpriseam tag-green-hydrogen tag-oil-and-gas tag-renewable-energy 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-08\"><\/a> <strong>Enterprise Explains \u2014 Green Hydrogen and what Egypt plans to do with it: <\/strong>Green hydrogen appears to be the new buzzword in the global green economy. From developed nations like <a href=\"https:\/\/www.rechargenews.com\/energy-transition\/mining-tycoon-and-ex-australian-pm-form-group-to-push-green-hydrogen-over-blue-spin\/2-1-1055690\">Australia<\/a> and <a href=\"https:\/\/enterprise.press\/greeneconomys\/enterprise-talks-french-ambassador-stephane-romatet-building-greener-egypt\/\">France<\/a>, to emerging markets like <a href=\"https:\/\/www.rechargenews.com\/energy-transition\/modi-pledges-massive-green-hydrogen-quantum-leap-to-indian-energy-independence\/2-1-1052701\">India<\/a> and <a href=\"https:\/\/www.rechargenews.com\/energy-transition\/brazil-could-have-offshore-green-hydrogen-platforms-by-2030-states-partner\/2-1-1055038\">Brazil<\/a>, initiatives in green hydrogen are being announced left, right and center. Egypt is no exception, with the government teasing major announcements soon in green hydrogen as part of a nationwide initiative with plans to integrate it into its 2035 energy strategy. With such lofty ambitions, we take a look today at what green hydrogen is and where Egypt stands in its green hydrogen plans.<\/p>\n<p><strong>What is this hydrogen business anyway? <\/strong>When hydrogen is combusted with oxygen in a fuel cell it produces zero-carbon energy, making for an environmentally-friendly burn. Hydrogen can be extracted from fossil fuels and biomass, or water, or a mix of both. The primary source of hydrogen production today is natural gas. Globally, 6% of global natural gas produces about 75%, or 70 mn tonnes, of annual hydrogen production, <a href=\"https:\/\/www.iea.org\/reports\/the-future-of-hydrogen\">according to the International Energy Agency (IEA)<\/a>. Gas is followed by coal, thanks to China, and a small fraction is produced from the use of oil and electricity.<\/p>\n<p><strong>Why do we like hydrogen generally? <\/strong>It contains almost three times as much energy as fossil fuels, making it more efficient, <a href=\"https:\/\/news.climate.columbia.edu\/2021\/01\/07\/need-green-hydrogen\/\">according to an article by the Columbia Climate School<\/a>. You can also think of it as a multiplier of electricity \u2014 with some water and a bit of electricity, you can generate more electricity or heat. It is also widely available.<\/p>\n<p><strong>Globally, around 120 mn tonnes of hydrogen are produced annually,<\/strong> mostly from fossil gas and coal, which together account for 95% of global production, <a href=\"https:\/\/www.irena.org\/-\/media\/Files\/IRENA\/Agency\/Publication\/2021\/May\/IRENA_Green_Hydrogen_Supply_2021.pdf\">according to IRENA\u2019s Global Hydrogen Supply 2021 report<\/a>. In 2020, over 60% of the global USD 150 bn hydrogen market was used in the ammonia production process, followed by oil refining and methanol production, <a href=\"https:\/\/www.ft.com\/content\/7eac54ee-f1d1-4ebc-9573-b52f87d00240\">according to the Financial Times<\/a>. Hydrogen as a fuel source has already found a number of commercial uses, including in passenger cars, busses and even space shuttles. By 2050, the market is expected to be worth USD 600 bn, mainly used in the power, industrial, mobility and transportation, chemical feedback and construction sectors, the salmon-colored paper adds.<\/p>\n<p><strong>Green hydrogen is when you split water via electrolysis,<\/strong> which entails passing an electric current through it. This separates H2O (water) into H (hydrogen) and O (oxygen). That way, you can extract the hydrogen from the water, while releasing the oxygen into the air.<\/p>\n<p><strong>What makes it green is when the electricity used to break up water is generated from<\/strong> <strong>renewable energy sources<\/strong>. \u201cWhile less than 0.1% of global dedicated hydrogen production today comes from water electrolysis, with declining costs for renewable electricity, in particular from solar PV and wind, there is growing interest in electrolytic hydrogen,\u201d the IEA writes. On the flipside, traditional methods of hydrogen extraction emit CO2.<\/p>\n<p><strong>What\u2019s Egypt doing with green hydrogen so far? <\/strong>President Abdelfattah El Sisi <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/353347579487310\">issued a directive<\/a> to establish Egypt\u2019s green hydrogen strategy last month, with an eye towards launching an initial phase of projects that could be worth USD 3-4 bn, according to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe7a15bc-d122-4bdd-9aab-2af8f4f37393\">previous statements<\/a> by the Electricity Ministry. It is largely expected that the Sovereign Fund of Egypt (SFE), whose mandate is to promote investment in several priority sectors by partnering with private sector investors and bringing them on board to hold majority stakes. The SFE is apparently studying several green hydrogen plants.<\/p>\n<p><strong>What does the gov\u2019t hope to achieve with its dip into the sector? <\/strong>It sees green hydrogen as a way to bolster the contribution of green energy in Egypt\u2019s energy mix, Electricity Minister Mohamed Shaker had previously said. \u201cThe more demand for green hydrogen goes up, the more demand for renewables will spike, given that green hydrogen relies solely on renewable energy sources,\u201d executive chairman of New and Renewable Energy Authority (NREA) Mohamed El Khayat tells us.<\/p>\n<p><strong>For now, we\u2019re still studying how feasible it is to kick start the industry:<\/strong> Egypt is still not at a commercial level when it comes to green hydrogen production, but there are several proposals from the private sector, El Khayat tells us. \u201cLetters of intent have been signed, but there is no clear amount of investment that is being targeted. Green hydrogen are long-term projects with an operational lifetime of about 25 years, so investors need to be able to conduct ample and cost-realistic feasibility studies, El Khayat says.<\/p>\n<p><strong>Private sector and gov\u2019t team up: <\/strong>A number of private sector players have already signed to work with the government on feasibility studies. Siemens is studying <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06039efd-b70c-4377-9424-7db2c0f2cb09\">a pilot project<\/a> to produce green hydrogen in Egypt, while Eni is producing feasibility studies on green and blue hydrogen production \u2014 hydrogen produced from hydrocarbons where the carbon waste is trapped. Belgium\u2019s DEME Group <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5155a79-3981-4cfc-a4ce-4edb9ab7f2c9\">will also work<\/a> with Egypt on exploring green hydrogen under an MoU with the oil and electricity ministries and the Egyptian navy. South Korea\u2019s Hyundai Rotem and Italian energy company Snam <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2ea6ba8a-ffb3-416c-92c7-f7655c1c1359\">have discussed the subject<\/a> with government officials.<\/p>\n<p><strong>Some local energy players are teaming up with foreign companies on this:<\/strong> This includes Taqa Arabia subsidiary Taqa Power, which signed an MoU with German-based Man Solutions to pilot a green hydrogen project in Egypt, according to a <a href=\"https:\/\/ent.news\/2021\/8\/Taqa-Green-Hydrogen-Press-Release-En.pdf\">press release (pdf)<\/a>.<\/p>\n<p><strong>Possible regulations coming?<\/strong> While the private sector studies the possibility of launching projects, the government is working on setting up the right regulatory framework to attract investment. This requires clear regulations and legislations, as well as a stable and attractive investment landscape, for which the government is responsible, El Khayrat tells us.<\/p>\n<p><strong>Foreign development partners are showing us support in the endeavor: <\/strong>Egypt\u2019s hydrogen development strategy study could be financed through a treasury grant by the French Agency for Development (AFD), French Ambassador St\u00e9phane Romatet <a href=\"https:\/\/enterprise.press\/greeneconomys\/enterprise-talks-french-ambassador-stephane-romatet-building-greener-egypt\/\">told us<\/a>. Egypt is the only country France is currently eyeing international cooperation on hydrogen with, he added. The idea is to assist Egypt\u2019s hydrogen committee in defining pilot projects, determining the contribution of green hydrogen technology to the country\u2019s overall hydrogen strategy and training experts, head of infrastructure and sustainable development at the French Treasury Sylvia Malinbaum tells us. Discussions are ongoing with the Electricity Ministry, but there is nothing final yet.<\/p>\n<p><strong>Meanwhile, the Africa Finance Corporation (AFC) is meeting with local energy players to discuss possible aid to the nascent sector<\/strong>, AFC President and CEO Samaila Zubairu <a href=\"https:\/\/enterprise.press\/hardhats\/enterprise-talks-samaila-zubairu-president-ceo-africa-finance-corporation\/\">told us in an interview<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top climate stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Yet more green finance from Europe:<\/strong> QNB Al Ahli has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/423f1344-221d-4e65-a804-9a833daeb9a1\">landed<\/a> USD 50 mn for onlending to green SMES that are developing energy, water, and resource efficient projects.<\/li>\n<li><strong>Egyptian renewables on the rise:<\/strong> Egypt\u2019s renewable energy production from the New and Renewable Energy Authority\u2019s projects <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8635e885-7a91-41df-9c98-219602126a54\">increased<\/a> over 22% y-o-y in FY2021-2022.<\/li>\n<li><strong>Natgas news<\/strong>: Some 300 natgas-powered microbuses are set to be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/351b97a5-2950-492f-8fb5-9032138878a3\">delivered<\/a> monthly starting August in the gov\u2019t plan to replace old vehicles with new dual-fuel models \u2014 but Prime Minister Moustafa Madbouly wants to see the vehicle swap scheme move <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/36da7b9d-7072-49b6-b723-f2c06effd23d\">faster<\/a>.<\/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\/electrolysis\/\">electrolysis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"558747\" 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\/24\/your-essential-business-calendar-on-24-august-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558747\" class=\"content-area-description single-story post-558747 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>24 August-5 September (Tuesday- Sunday): Tokyo 2020 Paralympics<\/p>\n<p>27 August (Friday): <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\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":558722,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-558721","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"57e5fc1c-c596-44b0-8d27-dbd6a72480b0","teaser":"","photo_url":"https:\/\/ent.news\/2021\/8\/241.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>EKH plans USD 500 mn in investments over the next five years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/ekh-plans-usd-500-mn-in-investments-over-the-next-five-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EKH plans USD 500 mn in investments over the next five years\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/ekh-plans-usd-500-mn-in-investments-over-the-next-five-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:12:06+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\/241.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\/ekh-plans-usd-500-mn-in-investments-over-the-next-five-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/ekh-plans-usd-500-mn-in-investments-over-the-next-five-years\/\",\"name\":\"EKH plans USD 500 mn in investments over the next five years - 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