{"id":558793,"date":"2021-08-26T04:35:01","date_gmt":"2021-08-26T04:35:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=558793"},"modified":"2025-12-16T02:13:41","modified_gmt":"2025-12-16T02:13:41","slug":"foreign-investor-launches-takeover-bid-for-agrifoods-player-galina","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/foreign-investor-launches-takeover-bid-for-agrifoods-player-galina\/","title":{"rendered":"Foreign investor launches takeover bid for agrifoods player Galina"},"content":{"rendered":"<section id=\"558795\" 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=\"558795\">\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\/26\/this-morning-tory-burch-%e2%9d%a4%ef%b8%8f-egypt-end-of-the-run-for-us-equities\/\">\r\n                            THIS MORNING: Tory Burch \u2764\ufe0f Egypt + End of the run for US equities                        <\/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\/26\/this-morning-tory-burch-%e2%9d%a4%ef%b8%8f-egypt-end-of-the-run-for-us-equities\/\" 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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Just a few more meetings \/ deadlines \/ whatever and we can all <\/strong><strong>slide into the weekend. <\/strong>We hope this week has been good to you. Anyone else having trouble getting their heads around the fact that we\u2019re heading into the second-to-last weekend of summer? That September starts next week?<\/p><p><strong>We have a pleasantly light issue for you this morning<\/strong>, with some nice news of foreign investor interest in the nation\u2019s agrifoods sector and word that would-be (Egyptian) travelers may start getting booster shots soon. We have more on both stories in this morning\u2019s news well, below.<\/p><p><strong>THE BIG STORY ABROAD remains Afghanistan<\/strong>, where evacuation flights continue with less than a week to go before the 31 August deadline for US troops to withdraw. The new twist in the narrative: The Taliban have <a href=\"https:\/\/www.ft.com\/content\/2aad0b12-7449-4a79-9706-961098312bcf\">\u201cchanged\u201d<\/a> and have <a href=\"https:\/\/www.nytimes.com\/2021\/08\/25\/world\/asia\/taliban-spokesman-interview.html\">\u201clearned\u201d<\/a> from their time out of power. Sure.<\/p><p><strong>***CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>MaxAB makes first move outside Egypt:<\/strong> MaxAB has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40d6ef01-4a88-49fd-af20-7f8279df1629\">acquired Moroccan ecommerce and logistics platform WaystoCap<\/a> for an undisclosed amount following a fresh USD 15 mn capital injection from its investors.<\/li>\n<li><strong>Credit Suisse upbeat on Egypt, warns of fourth wave:<\/strong> Egypt is starting to see \u201cgenuine\u201d economic growth and t-bills remain attractive, though a fourth wave of covid-19 will pose a risk given Egypt\u2019s high morbidity rate, Credit Suisse head of MENA research Fahd Iqbal <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c53ee09a-bc8f-460b-8ca9-606c8e9c75ac\">told Bloomberg<\/a>.<\/li>\n<li><strong>SODIC reports strong earnings:<\/strong> SODIC\u2019s net income after minority interest <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e0bbbad-371c-455d-aade-ca71b2903483\">almost tripled y-o-y<\/a> in 2Q2021 on sales doubling to EGP 1.9 bn.<\/li>\n<\/ul><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Tory Burch \u2764\ufe0f Egypt: <\/strong>Apparently, we\u2019re at that (brief?) stage between waves three and four of the pandemic where folks (with the right passports and vaccination status) can talk about where they like to travel. Three cheers, then, for iconic designer <strong><a href=\"https:\/\/www.ft.com\/content\/a4885931-8bb3-4d87-b2f1-11c2504a9261\">Tory Burch, who tips Luxor as where she goes to feel inspired<\/a><\/strong>, telling the Financial Times: \u201cWinston Churchill had a room at The Sofitel, Luxor, and it\u2019s also where Agatha Christie was inspired to write Death on the Nile. It\u2019s what I imagine the 1920s in Egypt would have been like \u2013 full of romance and nostalgia.\u201d You can read more about how Burch weathered the pandemic here in the <a href=\"https:\/\/www.wsj.com\/articles\/tory-burch-profile-interview-logo-11626093121\">Wall Street Journal<\/a>.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>SIGN OF THE TIMES #1- Junior bankers surf the work \/ life trend all the way to a <\/strong><strong>mandatory two-week vacation \u2014 and one workless weekend a month:<\/strong> Citigroup is forcing two-week holidays on all its junior staff in Europe, the Middle East and Africa before the end of September, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-25\/citi-tells-emea-junior-bankers-to-take-two-weeks-off-over-summer?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. The bank is also promising its youngest staffers (drum roll please) \u2026 a work-free weekend. One work-free weekend a month, to be precise, to run from 5pm Friday until 9am Monday. <strong>It\u2019s the latest in a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15b46311-86c3-4074-bf09-462223100471\">series of moves<\/a><\/strong><strong> by big banks under <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-18\/junior-bankers-have-seized-the-upper-hand-on-wall-street-for-now?srnd=premium-middle-east&amp;sref=mmeFTDW1\">pressure<\/a><\/strong> <strong>from young employees<\/strong>, who have apparently been questioning their life choices after working 100-hour weeks from home without the camaraderie of an office environment.<\/p><p><strong>SIGN OF THE TIMES #2- We\u2019re back to talking about whether we\u2019re nearing the end of the <\/strong><strong>bull run for US equities<\/strong>, with the latest sign being news that top-rated T Rowe Price fund manager David Giroux \u201c<a href=\"https:\/\/www.ft.com\/content\/67142c8b-d4f2-4eef-9d34-1f66da3cb5c2\">has substantially backed away from a \u2018rich\u2019 US equity market<\/a>, reflecting nerves among some investors about the lofty valuations that have become entrenched since markets rebounded forcefully from the pandemic lows of last year.\u201d The news comes as the S&amp;P hit a new all-time high this week.<\/p><p><strong>SIGN OF THE TIMES #3- OnlyFans is going to still allow, uhm, \u201cracy content\u201d<\/strong> (we can\u2019t use the common word because the algos that decide whether we get into your inbox will ban <em>us<\/em>) saying it\u2019s <a href=\"https:\/\/www.ft.com\/content\/5468f11b-cb98-4f72-8fb2-63b9623b7b2b\">worked out some kind of agreement with its bankers<\/a> that will see them continue processing payments.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>MARKET WATCH-<\/strong><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 tomorrow<\/a>. US Federal Reserve Chair Jerome Powell <a href=\"https:\/\/www.reuters.com\/business\/global-markets-wrapup-4-pix-2021-08-24\/\">will speak tomorrow evening our time<\/a>, with analysts expecting him to remain vague on the timing of a potential tapering of the Fed\u2019s bond buying program. 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 take place online<\/a>.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>HAPPENING TODAY- Egypt will open today its Rafah border crossing <\/strong><strong>with Gaza in one direction<\/strong> to allow the return of stranded Palestinians back into Gaza, the Hamas-backed interior ministry said in <a href=\"https:\/\/moi.gov.ps\/Home\/Post\/138160\">a statement<\/a> yesterday, citing a report by Egyptian authorities. The Rafah crossing is set to be open in both directions starting Sunday, the statement said. Egypt had closed its Rafah border crossing with Gaza indefinitely <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/873bc399-8fdb-4d87-aebd-4609b72a0aed\">on Monday<\/a> for security reasons after an escalation in fighting between Hamas and Israel Saturday. <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypt-open-rafah-crossing-with-gaza-one-direction-3-days-sources-2021-08-25\/\">Reuters<\/a> also has the story.<\/p><p><strong>Egypt is looking to spark a conversation about what\u2019s next in development, sustainable <\/strong><strong>finance and the road to recovery for <\/strong><strong>developing economies: <\/strong>The International Cooperation Ministry will hold the first iteration of its new International Cooperation Forum on 8-9 September. The two-day event will focus on fostering partnerships in development finance and sustainable development, according to a <a href=\"https:\/\/ent.news\/2021\/8\/Egypt-ICF-Announcement-PR.pdf\">statement (pdf)<\/a> yesterday. Attendees will include officials from institutions including the UN, the World Bank, the European Bank for Reconstruction and Development, the African Development Bank and the Arab Fund for Economic and Social Development. On the other side, participants will include ministers and policy makers from African, Asian and Latin American countries as well as financial institutions and the private sector.<\/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>\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\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/citigroup\/\">Citigroup<\/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\/hamas\/\">Hamas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/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=\"558796\" 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=\"558796\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/558796\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558796\" class=\"content-area-description single-story post-558796 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/SOMA-ENTERPRISE-COVEFINAL-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>Dive into nature, where raw beauty reigns supreme. Wake up to breathtaking sunrises and enjoy a serene beach experience amongst family and friends at the Soma Coves beach. This is where you can fully immerse yourself into a picturesque vacation, any time of the year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558797\" 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=\"558797\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/foreign-investor-launches-takeover-bid-for-galina\/\">\r\n                            Foreign investor launches takeover bid for Galina                        <\/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\/26\/foreign-investor-launches-takeover-bid-for-galina\/\" 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\/26\/foreign-investor-launches-takeover-bid-for-galina\/')\">\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\/26\/foreign-investor-launches-takeover-bid-for-galina\/\">\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=Foreign investor launches takeover bid for Galina&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/foreign-investor-launches-takeover-bid-for-galina\/\">\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\/26\/foreign-investor-launches-takeover-bid-for-galina\/&title=Foreign investor launches takeover bid for Galina\">\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=Foreign+investor+launches+takeover+bid+for+Galina+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F26%2Fforeign-investor-launches-takeover-bid-for-galina%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\/26\/foreign-investor-launches-takeover-bid-for-galina\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/273.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558798\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/foreign-investor-launches-takeover-bid-for-galina\/273-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/273.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"273.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/273.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/273.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558797\" class=\"content-area-description single-story post-558797 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-egx tag-enterpriseam tag-ipo-watch tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>An unnamed foreign investor has launched a takeover bid for Galina <\/strong><strong>Holding<\/strong>, submitting a bid for 100% of the company, CEO Abdelwahed Soliman told us yesterday. Soliman didn\u2019t disclose the identity of the potential buyer or the value (or structure) of the bid, but said that the company has set an EGP 6.50 per share asking price, valuing it at around EGP 780 mn.<\/p>\n<p><strong>A second option: A January IPO.<\/strong> Galina is also continuing to work toward potential IPO on the EGX, which would see the company list a 49% stake as early as January 2022, Soliman said.<\/p>\n<p><strong>A slight change of plan:<\/strong> As recently as January, the agrifoods player was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/556d5583-338c-4c27-88e2-75026256ac6e\">planning to sell the 49% stake in a private placement<\/a>, raising an estimated EGP 600 mn, Soliman told us at the time. The sale would then have been followed by an IPO that would have seen the company float at least 10% on the EGX. Investors from the UK, US and Germany were among the potential suitors, he said.<\/p>\n<p><strong>Galina has so far received two \u201cserious\u201d offers:<\/strong> one for a 30% stake, which the company turned down, and the bid that it\u2019s now considering, Soliman told us yesterday.<\/p>\n<p><strong>An IPO has been a long time coming:<\/strong> The holding company has been aiming to list one of its subsidiaries on the EGX <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/06\/galina-agrofreeze-looks-towards-egx-listing-as-it-seeks-to-leave-nilex\/\">since 2018<\/a>, when it announced its plan to offer 25-40% of its frozen foods unit on the EGX. The company has said it would use the proceeds to finance its expansion plans in fruit and vegetable concentrates and meat alternatives.<\/p>\n<p><strong>ADVISORS:<\/strong> Galina has appointed Mazars Mostafa Shawki to value the company and is in talks with a number of bankers to manage the potential listing. It is also in talks with prospective legal counsel. The company had previously appointed Renaissance Capital to quarterback the private placement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A 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=\"558799\" 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=\"558799\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/gerd-hasnt-hurt-sudans-water-supply-just-yet\/\">\r\n                            GERD hasn\u2019t hurt Sudan\u2019s water supply just yet                        <\/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 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/gerd-hasnt-hurt-sudans-water-supply-just-yet\/\">\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=GERD hasn\u2019t hurt Sudan\u2019s water supply just yet&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/gerd-hasnt-hurt-sudans-water-supply-just-yet\/\">\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\" 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         \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/gerd-hasnt-hurt-sudans-water-supply-just-yet\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/274.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558800\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/gerd-hasnt-hurt-sudans-water-supply-just-yet\/274-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/274.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"274.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/274.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/274.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558799\" class=\"content-area-description single-story post-558799 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam tag-ethiopia tag-gerd tag-sudan tag-water 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>Sudan says GERD filling had no impact on water supply, but preparing for <\/strong><strong>the unknown was expensive and caused <\/strong><strong>indirect socioeconomic damage:<\/strong> The second filling of the Grand Ethiopian Renaissance Dam\u2019s (GERD) reservoir, which Addis Ababa <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9bac17b-7239-47c1-bef4-22223142b14b\">concluded late last month<\/a>, \u201cmade no negative impact\u201d on the annual seasonal flooding this year, but instead had a \u201cmajor socioeconomic impact\u201d in the absence of an agreement with Ethiopia on the filling and operation of the dam, Sudanese Irrigation Minister Yasir Abbas <a href=\"https:\/\/twitter.com\/MinY_Abbas\/status\/1430484961602285568\">tweeted<\/a> yesterday. <a href=\"https:\/\/www.reuters.com\/world\/africa\/sudan-says-ethiopian-dam-made-no-impact-floods-this-year-2021-08-25\/\">Reuters<\/a> also has the story.<\/p>\n<p><strong>What kind of damage are we talking? <\/strong>Ethiopia\u2019s move to unilaterally fill the dam without reaching a binding agreement with Egypt and Sudan forced Khartoum to undertake \u201ccostly\u201d crisis-management measures in case of destructive floods or water shortages, similar to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d81de93d-da0b-49a2-a919-17b76b8c39dd\">last year<\/a> when Ethiopia\u2019s unilateral filling of GERD directly contributed to the severe Blue Nile flooding that caused mass devastation in Sudan.<\/p>\n<p><strong>On the bright side: <\/strong>Sudan was for the first time able to use its own dams to ease the intensity of the annual heavy floods \u2014 which have historically <a href=\"https:\/\/news.un.org\/en\/story\/2020\/09\/1074152\">devastated communities across Sudan<\/a>. Flooding in July saw an \u201cunexpected\u201d amount of water flowing from the White Nile \u2014 one of the river\u2019s main tributaries, resulting in more flooding than country had faced over the past century. This year\u2019s floods saw a record daily flow of 120-130 mn cubic metres per day, compared with previous summer seasons that varied between 70 and 80 mn cubic metres daily, he explained.<\/p>\n<p><strong>Still no word on the impact on Egypt: <\/strong>We haven\u2019t heard anything from domestic policymakers on whether or not the GERD\u2019s second filling had a direct impact on Egypt\u2019s water supply. But the prospect of a water shortage has Egypt prioritising water resources projects, from the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a79aecc-e12f-4ef3-96da-9bd999e0818d\">rehabilitation and lining of canals<\/a> to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a70db4f1-664a-4a7b-ad25-022b8b2d3e1d\">seawater desalination plants<\/a>, which President Abdel Fattah El Sisi had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9bac17b-7239-47c1-bef4-22223142b14b\">said<\/a> would help offset the effect of the dam on Egypt\u2019s water supply.<\/p>\n<p><strong>And GERD talks are still in limbo: <\/strong>Four days of talks in April between Egypt, Sudan and Ethiopia in Kinshasa <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fed1a86a-7b61-41be-828c-d1a714e4de03\">once again reached a dead-end<\/a> after the three countries were unable to agree on how to proceed with negotiations. Egypt and Sudan spent much of last month lobbying the UN Security Council and global powers to take a more aggressive position towards Ethiopia and pressure it to return to the negotiating table with different mediators, but the council <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a20e66d-13a3-4e21-bf2b-243a698831f3\">declined to condemn<\/a> its decision to unilaterally fill the dam and called on all three countries to continue the current African Union-led process.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/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=\"558801\" 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=\"558801\">\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\">CURRENT AFFAIRS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/cairo-walks-back-plan-to-hike-permits-to-film-on-city-streets\/\">\r\n                            Cairo walks back plan to hike permits to film on city streets                        <\/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\/26\/cairo-walks-back-plan-to-hike-permits-to-film-on-city-streets\/\" 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 (which isn\u2019t necessarily bad policy) predictably earned backlash from media industry stakeholders who have rather large megaphones at their disposal.<\/p>\n<p><strong>The governorate will, instead, enact a new set of regulations to regulate how it charges <\/strong><strong>producers for filming permits <\/strong>and will probably see a sliding scale of fees based on intent: One price for TV commercials, another for still-ads or cinema \/ TV productions. The decision had previously imposed a fee of as much as EGP 15k per hour \u2014 and EGP 100k a day \u2014 for filming on a Cairo street.<\/p>\n<p><strong>The decision had attracted the ire of industry members: <\/strong>The new fees would have strapped producers who are already kicking taxes and other fees into government coffers, producer Magdy El Hawary <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/193805c8-da0d-4fc1-8604-dc2bea9dc0a3\">said on Tuesday<\/a>, while Actors Syndicate head Ashraf Zaki told Extra News (<a href=\"https:\/\/www.youtube.com\/watch?v=C6eTleaouh4&t=1s\">watch, runtime: 4:13<\/a>) yesterday that the fees should be proportional to the spend of each production. The Egyptian Cinema Industry Chamber held an emergency meeting yesterday to discuss the new decision and its impact on the industry, <a href=\"https:\/\/bit.ly\/2UIIs1I\">Akhbar El Yom<\/a> reported.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/current-affairs\/\">CURRENT AFFAIRS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/film\/\">film<\/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=\"558803\" 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=\"558803\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/previously-vaccinated-would-be-travellers-are-inching-closer-to-those-precious-boosters\/\">\r\n                            Previously vaccinated would-be travellers are inching closer to those precious boosters                        <\/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\/26\/previously-vaccinated-would-be-travellers-are-inching-closer-to-those-precious-boosters\/\" 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\/26\/previously-vaccinated-would-be-travellers-are-inching-closer-to-those-precious-boosters\/')\">\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\/26\/previously-vaccinated-would-be-travellers-are-inching-closer-to-those-precious-boosters\/\">\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=Previously vaccinated would-be travellers are inching closer to those precious boosters&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/previously-vaccinated-would-be-travellers-are-inching-closer-to-those-precious-boosters\/\">\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\/26\/previously-vaccinated-would-be-travellers-are-inching-closer-to-those-precious-boosters\/&title=Previously vaccinated would-be travellers are inching closer to those precious boosters\">\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=Previously+vaccinated+would-be+travellers+are+inching+closer+to+those+precious+boosters+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F26%2Fpreviously-vaccinated-would-be-travellers-are-inching-closer-to-those-precious-boosters%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\/26\/previously-vaccinated-would-be-travellers-are-inching-closer-to-those-precious-boosters\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558803\" class=\"content-area-description single-story post-558803 post type-post status-publish format-standard hentry category-covid-watch tag-africa tag-african-development-bank tag-astrazeneca tag-covid-19 tag-enterpriseam tag-moderna tag-pfizer tag-sinovac tag-vaccines tag-vacsera 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 Health Ministry has received the first list of requests from previously <\/strong><strong>vaccinated Egyptians who want to get a second jab <\/strong>for the purpose of working or studying abroad, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/209227204581041\">a statement<\/a> yesterday. Those seeking cross-border healthcare are also eligible to apply for the booster. The Emigration Ministry will send subsequent lists of applicants as it reviews applications.<\/p>\n<p><strong>So, when can you get your second shot? We have no idea. <\/strong>The statement gave no further information on how long the process would take or when would-be travellers can expect to be called to get their boosters once they sign up \u2014 but said applications are still accepted <a href=\"https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLSf2nuQgKeNQ0SfsdWuH4Go15Qt11kR3nGo9PalsQvfdf7tkFA\/viewform\">here<\/a>, and will be passed on to the Health Ministry after revision.<\/p>\n<p><strong>THE CAVEAT- <\/strong>The booster shots are only available for Egyptian nationals who need to work or study abroad, as well as those travelling for medical care, and are not currently available to those who need to travel for other reasons. The application form requires that Egyptians submit a scan of their passport in addition to a copy of their foreign residency permit, student visa, or foreign passport. <strong>Foreign residents are not currently allowed to apply a booster <\/strong>from what we\u2019ve so far been able to deduce.<\/p>\n<p><strong>You can now get jabbed with Made-in-Egypt Sinovac shots: <\/strong>The first 1 mn doses of the home-made Sinovac shots are now available in vaccination centers nationwide, Health Minister Hala Zayed announced in <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/145656747745548\">a statement<\/a> yesterday. The ministry had earlier <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1e34ad9-6773-466f-8299-8ae3246409f6\">planned to make 10 mn doses<\/a> of the vaccine available at vaccination centers by mid-August. State-owned vaccine maker Vacsera has so far made 15 mn doses of the vaccine, and will ramp up capacity to produce 15-18.5 mn each month, Zayed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41c4d9d1-17d6-4e13-acbf-5c5e86c69725\">said this week<\/a>.<\/p>\n<p><strong>More vaccines are also incoming:<\/strong> Some <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/506142e0-fad0-4817-8e48-976fa07380e3\">5.2 mn doses of Pfizer and Moderna<\/a> are set to arrive next month, along with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/506142e0-fad0-4817-8e48-976fa07380e3\">a second 700k dose batch<\/a> of the single-dose Johnson & Johnson vaccine that was scheduled to arrive \u201cin the coming period.\u201d<\/p>\n<p><strong>And perhaps we\u2019ll have even more by year\u2019s end, when Vacsera\u2019s largest vaccine plant will <\/strong><strong>be up and running<\/strong>, helping Egypt reach vaccine self-sufficiency, Vacsera head Heba Waly told Sada El Balad TV (<a href=\"https:\/\/www.youtube.com\/watch?v=mDTo42TB1C0\">watch, runtime: 9:01<\/a>) last night. Vacsera is also in talks with an unnamed North African country over the potential establishment of a Vacsera regional head office, Waly said, without going into details.<\/p>\n<p><strong>And the number of vaccination centers is also picking up: <\/strong>800 centers will be operational by the end of August, the health minister said earlier this week. The number of operational centers has been climbing at a rapid pace this month and currently stands at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce1204a4-b79f-4f47-a271-beb693417ab1\">657 facilities<\/a> nationwide. The government this <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f6ad92b-0d38-47b5-bdba-8506e46415b7\">week<\/a> ramped up the number of vaccination centers dedicated to those wishing to travel \u2014 where individuals can also obtain QR code-bearing vaccination certificates \u2014 to 145 from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1226fb07-34cb-425a-8d0b-75990bb603d5\">126<\/a>.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/photo\/?fbid=145998677711355&set=a.113299807647909\">reported<\/a><\/strong><strong> 203 new covid-19 infections yesterday<\/strong>, up from 194 the day before. Egypt has now disclosed a total of 286,938 confirmed cases of covid-19. The ministry also reported 8 new deaths, bringing the country\u2019s total death toll to 16,691.<\/p>\n<p><strong>The number of daily infections has jumped by more than 100 in the past 10 days<\/strong>. Daily cases have been on the rise for almost exactly a month now, inching upwards from 31 infections on 27 July, according to our in-house covid tracker.<\/p>\n<p><strong>IN GLOBAL COVID NEWS- <\/strong><strong>Africa has been cheated when it comes to vaccine access, <\/strong>the president of African Development Bank Akinwumi Adesina told <a href=\"https:\/\/cnb.cx\/3gyHpJE\">CNBC<\/a>, criticizing the timing, quantities, and prices of the shots. Only 2.5% of the continent has been fully vaccinated so far, according to <a href=\"https:\/\/bit.ly\/3sNMGBH\">Our World Data<\/a>. This is far behind vaccination rates in Asia (25.3%), South America (27.1%), North America (41%), and Europe (46%).<\/p>\n<p><strong>Vaccines may offer waning protection against covid within as little as six <\/strong><strong>months.<\/strong> A real-world UK study that includes data on positive covid PCR test results between May and July among more than half a mn people vaccinated with the Pfizer and AstraZeneca jabs showed that the effectiveness of the jab decreased from 88% after month one to 74% five to six months later, <a href=\"https:\/\/www.cnbc.com\/2021\/08\/25\/covid-protection-for-the-fully-vaccinated-is-waning-uk-study-finds.html\">CNBC<\/a> reports.<\/p>\n<p><strong>Covid-19 hospitalisation rates for children in the US are at their highest level on <\/strong><strong>record, <\/strong>with CDC data showing an average of 303 daily hospitalizations last week, <a href=\"https:\/\/www.cnbc.com\/2021\/08\/25\/pediatric-covid-hospitalizations-surge-to-highest-on-record-in-us-as-doctors-brace-for-more.html\">CNBC<\/a>reports. Experts say they fear the opening of schools will see children \u2014 who are not old enough to receive vaccines \u2014 become a conduit for the spread of the Delta variant and a surge in cases nationwide.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-development-bank\/\">African Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/astrazeneca\/\">AstraZeneca<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moderna\/\">Moderna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinovac\/\">Sinovac<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vacsera\/\">Vacsera<\/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=\"558804\" 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=\"558804\">\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\">FINANCIAL INCLUSION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/new-regs-aim-to-make-mobile-card-payments-easier\/\">\r\n                            New regs aim to make mobile, card payments easier                        <\/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\/26\/new-regs-aim-to-make-mobile-card-payments-easier\/\" 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\/26\/new-regs-aim-to-make-mobile-card-payments-easier\/')\">\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\/26\/new-regs-aim-to-make-mobile-card-payments-easier\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New regs aim to make mobile, card payments easier&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/new-regs-aim-to-make-mobile-card-payments-easier\/\">\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\/26\/new-regs-aim-to-make-mobile-card-payments-easier\/&title=New regs aim to make mobile, card payments easier\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+regs+aim+to+make+mobile%2C+card+payments+easier+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F26%2Fnew-regs-aim-to-make-mobile-card-payments-easier%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\/26\/new-regs-aim-to-make-mobile-card-payments-easier\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558804\" class=\"content-area-description single-story post-558804 post type-post status-publish format-standard hentry category-financial-inclusion tag-central-bank-of-egypt tag-enterpriseam tag-financial-inclusion tag-regulation-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-05\"><\/a> <strong>The Central Bank of Egypt has issued <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/8\/%D9%83%D8%AA%D8%A7%D8%A8-%D8%AF%D9%88%D8%B1%D9%8A-%D8%A8%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE-15-%D8%A3%D8%BA%D8%B3%D8%B7%D8%B3-2021-%D8%A8%D8%B4%D8%A3%D9%86-%D8%A7%D9%84%D9%82%D9%88%D8%A7%D8%B9%D8%AF-%D8%A7%D9%84%D9%85%D9%86%D8%B8%D9%85%D8%A9-%D9%84%D9%84%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D8%A7%D9%84%D8%A8%D9%8A%D9%86%D9%8A-%D9%84%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D9%8A%D8%AF%D8%A7%D8%B9-%D9%88%D8%A7%D9%84%D8%B3%D8%AD%D8%A8-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A-%D9%85%D9%86-%D8%AE%D9%84%D8%A7%D9%84-%D9%85%D9%82%D8%AF%D9%85%D9%8A-%D8%A7%D9%84%D8%AE%D8%AF%D9%85%D8%A7%D8%AA.pdf\">regulations (pdf)<\/a><\/strong><strong> for the new interoperability <\/strong><strong>system<\/strong> designed to boost financial inclusion and increase access to financial services. The system will allow the public to use all payment cards and mobile wallets to withdraw, deposit and transfer EGP, regardless of the network operator or the bank. Banks will need to comply with the rules within the 12 months.<\/p>\n<p><strong>Background: <\/strong>The CBE <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e9e6a46-d632-4770-ad25-2950b61a244b\">approved the rules last month<\/a> in a bid to maximize the use of infrastructure for payment service providers and boost e-payments.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-inclusion\/\">financial inclusion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation-watch\/\">regulation watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558805\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"558805\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/558805\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558805\" class=\"content-area-description single-story post-558805 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.sodic.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/Sodic-June-MV-Roller-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558806\" 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=\"558806\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/four-legged-whale-fossil-found-in-fayoum\/\">\r\n                            Four legged whale fossil found in Fayoum                        <\/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\/26\/four-legged-whale-fossil-found-in-fayoum\/\" 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\/26\/four-legged-whale-fossil-found-in-fayoum\/')\">\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\/26\/four-legged-whale-fossil-found-in-fayoum\/\">\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=Four legged whale fossil found in Fayoum&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/four-legged-whale-fossil-found-in-fayoum\/\">\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\/26\/four-legged-whale-fossil-found-in-fayoum\/&title=Four legged whale fossil found in Fayoum\">\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=Four+legged+whale+fossil+found+in+Fayoum+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F26%2Ffour-legged-whale-fossil-found-in-fayoum%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\/26\/four-legged-whale-fossil-found-in-fayoum\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558806\" class=\"content-area-description single-story post-558806 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterpriseam tag-last-nights-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The summer talk show slowdown was in full effect last night<\/strong>, with most of the nation\u2019s talking heads transitioning to \u201cvacation mode\u201d for the second-to-last weekend of the season. Other than the governorate backtracking on its plan to charge street filming fees, the big news of the night was talk of the discovery of a new genus of ancestors of amphibian four-legged whales that used to live in Egyptian waters some 43 mn years ago. The discovery of the fossils was led by an Egyptian research team, who unearthed the protocetidae remains from <a href=\"https:\/\/link.springer.com\/chapter\/10.1007\/978-3-319-65661-8_12\">the<\/a><a href=\"https:\/\/link.springer.com\/chapter\/10.1007\/978-3-319-65661-8_12\">Fayoum<\/a><a href=\"https:\/\/link.springer.com\/chapter\/10.1007\/978-3-319-65661-8_12\">Depression<\/a> in Egypt's Western Desert, aiming to help trace the transition of whales from land to sea. Among those who took note: Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=gX_bKmVGT10\">watch, runtime: 6:24<\/a>). <a href=\"https:\/\/www.reuters.com\/lifestyle\/science\/fossil-previously-unknown-four-legged-whale-found-egypt-2021-08-25\/\">Reuters<\/a> also has the story.<\/p>\n<p><strong>Also on the airwaves last night: Egypt\u2019s Dourine Assaad, who was elected mayor of <\/strong><strong>Canada\u2019s Brossard municipality<\/strong> <a href=\"https:\/\/hi-in.facebook.com\/CanadaEgypt\/posts\/congratulations-to-doreen-assaad-brossards-newly-elected-mayorhttpwwwegyptindepe\/1745261118840139\/\">in 2017<\/a>, becoming the first Canadian female of Egyptian heritage to be elected mayor in the North American country. Assaad discussed her electoral success in a phone interview with Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=MtH1-WBlZWM\">watch, runtime: 22:25<\/a>) last night.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558807\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div 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class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-l5sznto\" data-v=\"4\" data-block-id=\"l5sznto\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-l5sznto-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-l5sznto-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button 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0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558808\" 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=\"558808\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/some-nice-soft-news-for-a-change\/\">\r\n                            Some nice, soft news for a change                        <\/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\/26\/some-nice-soft-news-for-a-change\/\" 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 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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\/26\/some-nice-soft-news-for-a-change\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558808\" class=\"content-area-description single-story post-558808 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-film tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a soft news kinda day in the foreign press<\/strong><strong>:<\/strong> Ayten Amin\u2019s social drama Souad is getting glowing reviews from the <a href=\"https:\/\/www.ft.com\/content\/2aafe358-bdba-43fa-8529-0166e7e04e87\">Financial Times<\/a> ahead of its release in UK cinemas later this week, while Luxor\u2019s renovation of the Karnak Temple and other tourist attractions as part of a facelift before its national day in November is getting attention from <a href=\"http:\/\/www.news.cn\/english\/2021-08\/26\/c_1310148905.htm\">Xinhua<\/a>. <a href=\"https:\/\/www.thenationalnews.com\/sport\/tennis\/2021\/08\/25\/how-mayar-sherif-is-changing-the-tennis-sponsorship-landscape-in-egypt\/\">The National<\/a>, meanwhile, profiles Egyptian tennis player Mayar Sherif, who became the first Egyptian woman to make it to a Women's Tennis Association final <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a09d82bb-760c-4731-baca-2ef1ff35bbcd\">earlier this month<\/a>.<\/p>\n<p><strong>Even the regional politics news is upbeat<\/strong>, with Turkey saying it expects \u201cpositive developments\u201d soon in its relationship with Egypt and Saudi Arabia, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/turkey-sees-positive-delopments-saudi-egypt-ties-2021-08-25\/\">Reuters<\/a> reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/film\/\">film<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558809\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558810\" 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=\"558810\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/egypts-cotton-production-to-go-up-30-y-o-y-in-my2021-2022\/\">\r\n                            Egypt\u2019s cotton production to go up 30% y-o-y in MY2021-2022                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/egypts-cotton-production-to-go-up-30-y-o-y-in-my2021-2022\/&title=Egypt\u2019s cotton production to go up 30% y-o-y in MY2021-2022\">\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=Egypt%E2%80%99s+cotton+production+to+go+up+30%25+y-o-y+in+MY2021-2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F26%2Fegypts-cotton-production-to-go-up-30-y-o-y-in-my2021-2022%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\/26\/egypts-cotton-production-to-go-up-30-y-o-y-in-my2021-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558810\" class=\"content-area-description single-story post-558810 post type-post status-publish format-standard hentry category-also-on-our-radar tag-ai tag-also-on-our-radar tag-arab-contractors tag-arab-organization-for-industrialization tag-enterpriseam tag-huawei tag-infrastructure tag-internet-of-things tag-saudi-arabia 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>Cotton production in Egypt is expected to increase by more than 30% y-o-y<\/strong> to reach 280k bales in the 2021-2022 marketing year \u2014 which runs from July to June \u2014 according to a <a href=\"https:\/\/ent.news\/2021\/8\/USagridep-Egypt-Cotton-Report-Aug21.pdf\">report<\/a> by the US agriculture department\u2019s Foreign Agricultural Service (FAS). The targets have been revised up from an earlier April <a href=\"https:\/\/ent.news\/2021\/8\/USagridep-Egypt-Cotton-Report-March31.pdf\">forecast<\/a>by FAS that predicted 16% annual growth to reach 250k bales in the current marketing year.<\/p>\n<p><strong>The growth would come on the back of a projected 20% y-o-y increase in harvested area<\/strong> to 85k hectares, as higher demand in 2021 incentivized farmers to keep planting through June after the end of the traditional season. But despite the jump, production still isn\u2019t expected to rebound to the 305k bales it recorded in the 2019\/20 market year.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Private cars<\/strong> registered in <strong>Egypt and Saudi Arabia<\/strong> will be able to be driven in both countries, under an <a href=\"https:\/\/gulfnews.com\/world\/mena\/saudi-arabia-and-egypt-sign-private-car-movement-deal-1.81786665\">agreement<\/a> signed between Cairo and Riyadh.<\/li>\n<li>German-Swiss construction firm <strong>Liebherr<\/strong> will <a href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/142623378034727\">provide<\/a><strong><a href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/142623378034727\">12 electric RTG cranes<\/a><\/strong> for <strong>Alexandria Port<\/strong> under <strong>a EGP 350 mn contract<\/strong> signed with the Transport Ministry.<\/li>\n<li>Egypt\u2019s <strong>Arab Contractors<\/strong> <a href=\"https:\/\/arabcont.com\/Release-2021-1656\">has been awarded<\/a> <strong>a new EUR 110 mn (c. EGP 2 <\/strong><strong>bn) contract <\/strong>for an intercity road project<strong> in the Democratic Republic of Congo<\/strong>, to be funded by the European Development Fund.<\/li>\n<li>Chinese telecom giant <strong>Huawei <\/strong>will provide Egypt\u2019s <strong>Arab Organization for <\/strong><strong>Industrialization<\/strong> with <strong>40 microcontroller development boards<\/strong> to familiarize its software engineers with the<strong> Internet of Things <\/strong>and <strong>artificial intelligence <\/strong>technologies, under <a href=\"https:\/\/bit.ly\/3gy41Kg\">an MoU signed yesterday<\/a> between the two sides.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-organization-for-industrialization\/\">Arab Organization for Industrialization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/huawei\/\">Huawei<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/internet-of-things\/\">internet of things<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"558811\" 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=\"558811\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/spacs-get-their-day-in-court\/\">\r\n                            SPACs get their day in court                        <\/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\/26\/spacs-get-their-day-in-court\/\" 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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There have been 19 lawsuits filed against SPACs so far this year, compared to five filed in all of 2020, according to an ins. brokerage. These include suits questioning legality of some high-profile SPACs including bn\u2019aire Bill Ackman\u2019s USD 4 bn Pershing Square Tontine Holdings, Go Acquisition Corp and E.Merge Technology Acquisition Corp. Other cases were brought against SPACs with shares suffering heavy losses, such as electric truck maker Nikola Corp.<\/p><p><strong>Want to know more about SPACs?<\/strong> Check out our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6ab3251-641a-4e2c-aa00-6b8486d10c68\">explainer<\/a> on the topic.<\/p><p><strong>Samsung is about to do some serious spending:<\/strong> The South Korean conglomerate will invest USD 205 bn in its semiconductor, biopharma and telecoms units over the next three years, <a href=\"https:\/\/techcrunch.com\/2021\/08\/24\/samsung-to-invest-205b-in-semiconductor-biopharma-and-telco-units-by-2023-creating-40000-jobs\/\">media outlets<\/a> quoted a Samsung statement saying. The investment will be led by Samsung Electronics and Samsung Biologics and is expected to create 40k new jobs by 2023.<\/p><p><strong>The company is also going to be doing some serious explaining after a passenger\u2019s <\/strong><strong>Galaxy A21 burst into flames <\/strong>as a cross-country US flight ended. The device was apparently burned beyond recognition. <a href=\"https:\/\/daringfireball.net\/linked\/2021\/08\/25\/samsung-galaxy-a21-fire\">Daring Fireball<\/a> has more.<\/p><p><strong>Distressed debt funds are seeing their strongest run in over a decade<\/strong> on the back of wide ranging economic stimulus that has buoyed markets and accelerated the recovery, the <a href=\"https:\/\/www.ft.com\/content\/74c50d58-d46e-4c1f-b806-3725ec7581fb\">Financial Times<\/a> reports. The funds \u2014 which typically buy the stock of companies that are about to go bust or take on their debt at a steep discount with the aim of riding and profiting off a recovery \u2014 had made returns of 11.45% for the year at the end of July, their tenth consecutive month of gains.<\/p><p><strong>The UK\u2019s financial regulator says it can\u2019t keep a watchful eye on Binance\u2019s <\/strong><strong>operations<\/strong> in the UK despite the \u201csignificant risk\u201d inherent in the crypto exchange\u2019s products, <a href=\"https:\/\/www.ft.com\/content\/17620a3b-b82d-4b85-aa85-4cf2793b7a02\">the Financial Times<\/a> reports, citing an 11-page <a href=\"https:\/\/ent.news\/2021\/8\/first-supervisory-notice-binance-markets-limited.pdf\">memo (pdf)<\/a> by the Financial Conduct Authority (FCA). Binance has allegedly not responded to the FCA\u2019s queries in order to enable it to oversee the HQ-less group. The crypto exchange had faced a barrage of scrutiny this summer as regulators in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6eadb21-0382-4b9b-873c-2a108e61d8b3\">the UK<\/a>, <a href=\"https:\/\/www.theblockcrypto.com\/linked\/109736\/binance-blocks-ontario-canada-users\">Canada<\/a>, <a href=\"https:\/\/www.theblockcrypto.com\/post\/110358\/cayman-islands-investigate-crypto-exchange-binance\">Cayman Islands<\/a> and <a href=\"https:\/\/www.theblockcrypto.com\/post\/110380\/thailand-sec-binance-crypto-exchange-criminal-complaint\">Thailand<\/a> all took action or undertook investigations into the crypto exchange\u2019s products, which allow consumers to take supercharged bets. Binance said it remains in conversation with the FCA about its regulatory standing.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11064.43<\/p>\n<\/td>\n<td>\n<p>+1.04% (YTD: +2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,156.63<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +28.39%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>7,665.15<\/p>\n<\/td>\n<td>\n<p>-0.21% (YTD: +51.93%)<\/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>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,902.65<\/p>\n<\/td>\n<td>\n<p>-0.05% (YTD: +16.48%)<\/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>4,497.81<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +19.75%)<\/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>7,150.12<\/p>\n<\/td>\n<td>\n<p>+0.34% (YTD: +10.67%)<\/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>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 72.34<\/p>\n<\/td>\n<td>\n<p>+1.82%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.91<\/p>\n<\/td>\n<td>\n<p>+0.46%<\/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 1,793.40<\/p>\n<\/td>\n<td>\n<p>-0.83%<\/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 48,914.54<\/p>\n<\/td>\n<td>\n<p>+1.62% (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 1.04% at yesterday\u2019s close<\/strong> on turnover of EGP 2.3 bn (38.2% above the 90-day average). Regional investors were net buyers. The index is up 2% YTD.<\/p><p><strong>In the green: <\/strong>Pioneers Holding (+8%), AMOC (+8%) and Egyptian for Tourism Resorts (+6.7%).<\/p><p><strong>In the red: <\/strong>Egypt Kuwait Holding (-1.1%), Cleopatra Hospitals (-0.7%), and Raya Holding (-0.4%).<\/p><p><strong>It\u2019s looking kind of grim out there this morning, boys and girls: <\/strong>It\u2019s red as far as the eye can see in Asia (though not Apocalyptically so). Shares in Wall Street and much of Europe also look set to come under pressure at the opening bell later today.<\/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\/binance\/\">Binance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/crypto-exchange\/\">crypto exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/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\/samsung\/\">Samsung<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/semiconductors\/\">semiconductors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-korea\/\">South Korea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spacs\/\">SPACs<\/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=\"558812\" 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=\"558812\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/iraq-wants-middle-east-countries-to-play-nice-with-iran\/\">\r\n                            Iraq wants Middle East countries to play nice with Iran                        <\/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\/26\/iraq-wants-middle-east-countries-to-play-nice-with-iran\/\" 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 US financial industry has become increasingly involved in what it sees as a huge and largely untapped market, and has sought direct ties to the Chinese government as it gradually opens its financial sector to foreign firms.<\/p>\n<p><strong>\u2026and Washington wants another:<\/strong> Tensions between the two countries have escalated again in recent days, with the US vice president yesterday <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/china-state-media-says-us-vp-harris-seeking-divide-asia-2021-08-25\/\">accusing<\/a> China of bullying its Southeast Asian neighbors, and the Chinese Foreign Ministry responding by <a href=\"https:\/\/www.facebook.com\/MFA.CHN\/posts\/399574064926103?__tn__=K-R\">slamming<\/a> the US for meddling in regional affairs.<\/p>\n<p><strong>An oil spill is blackening Syria\u2019s coast<\/strong> after a leak at an oil refinery in the northern port of Latakia, state news agency <a href=\"https:\/\/bit.ly\/3B65T4w\">SANA<\/a> reports. The spill has spread out over some 25.5 sqkm, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-25\/oil-spill-from-power-station-spreads-along-syria-s-coast?srnd=premium-middle-east&sref=mmeFTDW1&sref=mmeFTDW1\">the Associated Press<\/a>reported yesterday evening.<\/p>\n<p><strong>Iran\u2019s newly installed conservative foreign minister will lead negotiations to revive the<\/strong><strong> 2015 nuclear deal, <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-25\/iran-installs-government-moving-closer-to-resuming-atomic-talks?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports. Foreign Minister Hossein Amirabdollahian will resume nuclear talks after a two-month hiatus as Iran held elections and formed their new government in order to lift U.S. sanctions reimposed by the Trump administration.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/syria\/\">Syria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wall-street\/\">Wall Street<\/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=\"558813\" 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\/26\/your-essential-business-calendar-on-25-august-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558813\" class=\"content-area-description single-story post-558813 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-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 September (Sunday): <a href=\"https:\/\/www.paralympic.org\">Paralympics<\/a> closing ceremony, Tokyo<\/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>8-9 September (Wednesday-Thursday): <a href=\"https:\/\/ent.news\/2021\/8\/Press-release_ICF_arabic.pdf\">Egypt-International Cooperation Forum (ICF)<\/a>, Cairo<\/p>\n<p>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>11-12 September (Saturday-Sunday):<a href=\"https:\/\/10times.com\/icess-egypt\">International Conferences on Economics and Social Sciences<\/a>, Cairo<\/p>\n<p>12 September (Sunday): International schools begin 2021-2022 academic year<\/p>\n<p>12-15 September (Sunday-Wednesday): Sahara Expo: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/p>\n<p>13-21 September (Monday-Tuesday): <a href=\"https:\/\/www.un.org\/en\/ga\/\">76th session of the general assembly<\/a>, New York<\/p>\n<p>15 September (Wednesday): The <a href=\"https:\/\/bit.ly\/3dp0wnB\">CFO Leadership & Strategy Summit<\/a> is taking place in Egypt.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>18 September (Saturday): Expiration of<a href=\"https:\/\/www.rudaw.net\/english\/middleeast\/iraq\/19092020\">United Nations Investigative Team<\/a> to Promote Accountability for Crimes Committed by Daesh\/ISIL<\/p>\n<p>21-22 September (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>22-25 September (Wednesday-Saturday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt<\/a>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>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>November: The French-Egyptian Business Forum is set to take place in the Suez Canal Economic Zone.<\/p>\n<p>November: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/163314772505618\">host another round of talks<\/a> to reach a potential Egyptian-Eurasian trade agreement, which can significantly contribute to increasing the volume of Egyptian exports to the Russia-led bloc that includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.<\/p>\n<p>1-3 November (Monday-Wednesday): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>2-3 November (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>16-17 November 2021 (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo<\/p>\n<p>29 November-2 December (Monday-Thursday): Egypt Defense Expo.<\/p>\n<p>7-8 December (Tuesday-Wednesday): <a href=\"https:\/\/northafricatradefinance.com\/\">North Africa Trade Finance Summit<\/a>.<\/p>\n<p>12-14 December (Sunday-Tuesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa Cairo<\/a> trade exhibition, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>13-17 December: United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/p>\n<p>14-19 December (Tuesday-Sunday): <a href=\"https:\/\/www.facebook.com\/cifcet\/\">The Cairo International Festival for Experimental Theater<\/a>.<\/p>\n<p>14-15 December (Tuesday-Wednesday): The Federal Reserve meets to review interest rates.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>22-24 April 2022:<a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":558794,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-558793","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"76858169-d9ad-400d-95f2-e65d6a29dd49","teaser":"","photo_url":"https:\/\/ent.news\/2021\/8\/271.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>Foreign investor launches takeover bid for agrifoods player Galina - 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\/foreign-investor-launches-takeover-bid-for-agrifoods-player-galina\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign investor launches takeover bid for agrifoods player Galina\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/foreign-investor-launches-takeover-bid-for-agrifoods-player-galina\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:13:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/271.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\/foreign-investor-launches-takeover-bid-for-agrifoods-player-galina\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/foreign-investor-launches-takeover-bid-for-agrifoods-player-galina\/\",\"name\":\"Foreign investor launches takeover bid for agrifoods player Galina - 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