{"id":558824,"date":"2021-08-29T04:01:39","date_gmt":"2021-08-29T04:01:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=558824"},"modified":"2025-12-16T02:14:30","modified_gmt":"2025-12-16T02:14:30","slug":"cabinet-oks-our-africa-finance-corporation-membership-potentially-unlocking-big-ticket-investments","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-oks-our-africa-finance-corporation-membership-potentially-unlocking-big-ticket-investments\/","title":{"rendered":"Cabinet OKs our Africa Finance Corporation membership, potentially unlocking big-ticket investments"},"content":{"rendered":"<section id=\"558826\" 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=\"558826\">\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\/29\/this-morning-fed-to-dial-back-stimulus-by-years-end-opec-is-expected-to-open-the-pumps-when-it-meets-on-wednesday\/\">\r\n                            THIS MORNING: Fed to dial back stimulus by year\u2019s end + OPEC+ is expected to open the pumps when it meets on Wednesday                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n        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               <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558826\" class=\"content-area-description single-story post-558826 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-afghanistan tag-capital-markets tag-cryptocurrency tag-enterpriseam tag-financial-markets tag-iraq tag-jackson-hole tag-jerome-powell tag-joe-biden tag-nilepreneurs tag-renewables tag-samih-sawiris tag-sports tag-switzerland tag-us tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, wonderful people, and welcome to the final days of August. <\/strong>We have a busy news morning for you, so let\u2019s jump right in.<\/p><p><strong>THE BIG STORY here at home has to be our potential membership in the African Finance <\/strong><strong>Corporation<\/strong>, which cabinet gave the green light on Thursday, potentially unlocking bns in fresh investment. A close second: The Tax Authority is putting a shot over the bow of e-commerce players who aren\u2019t playing ball. It\u2019s the latest in a series of moves the taxman has made to capture what it sees as its fair share of business done online. We have chapter and verse on both stories in this morning\u2019s news well, below.<\/p><p>(<strong>And before you complain:<\/strong> We don\u2019t like tax grabs any more than you do, but Egypt isn\u2019t alone in this. Countries around the world are doing their damndest to (a) make certain local online players are fully registered with the tax system and (b) to claim a chunk of revenues generated in-country by multinational players including the FAANG gang.)<\/p><p><strong>THE BIG STORY ABROAD? There are three of them<\/strong> for you on this fine morning. <strong>Joe Biden <\/strong><strong>has warned that a second attack on Kabul airport is likely in the coming 24-36 hours. <\/strong>The news comes after a suicide bombing <a href=\"https:\/\/apnews.com\/article\/europe-france-evacuations-kabul-9e457201e5bbe75a4eb1901fedeee7a1\">on Thursday<\/a> by Islamic State offshoot ISIS-K left at least 60 Afghans and 13 US military personnel dead. The US has begun withdrawing its troops from the airport as the 31 August deadline for its evacuation from the country looms. Evacuations are <a href=\"https:\/\/apnews.com\/article\/europe-business-afghanistan-united-nations-957bdc5ded58a337572313d27be13e73\">winding down<\/a> and the UK <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/britain-end-evacuation-afghanistan-saturday-2021-08-28\/\">said<\/a> Saturday that its last evacuation flight had left the country. The story is everywhere from <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-28\/biden-warns-another-kabul-airport-attack-likely-in-24-36-hours?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/efc7732d-7dc2-4e72-8788-a716617dd96e\">Financial Times<\/a> to <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/us-launches-drone-strike-islamic-state-after-afghan-airport-blast-2021-08-28\/\">Reuters<\/a>.<\/p><p><strong>Also vying for your attention this morning: Fed boss Jay Powell <\/strong><strong><a href=\"https:\/\/fortune.com\/2021\/08\/27\/stocks-rise-as-powell-says-fed-will-begin-dialing-back-stimulus-later-this-year\/\">says<\/a><\/strong><strong> the US central bank <\/strong><strong>will start dialing back bond purchases <\/strong>by the end of the year (we have more on that story below), and a <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-28\/iraq-eyes-new-regional-role-and-looks-for-help-to-rebuild?sref=mmeFTDW1\">regional summit in Baghdad<\/a><\/strong><strong> saw early signs of rapprochement between onetime rivals<\/strong> including Egypt and Qatar \u2014 and Saudi and Iran. We have more on the latter in this morning\u2019s Speed Round and Last Night\u2019s Talk Shows, below.<\/p><p><strong>** CATCH UP QUICK<\/strong> with the top stories from Thursday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>Aman completes issuance of securitized bonds<\/strong>: Raya\u2019s subsidiary Aman <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3fd792a-1ec8-4398-86fd-ef99cdd2e303\">issued EGP 585 mn in securitized bonds<\/a>, with a little help from CIB and the National Bank of Egypt.<\/li>\n<li><strong>Speed Medical won\u2019t acquire Prime Speed Medical: <\/strong>Speed Medical announced it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dd42a6b4-c0fc-4b31-b54a-d58ce34e90ac\">will no longer acquire a 70% stake in its sister company Prime Speed<\/a> in an unusually frank disclosure to the EGX.<\/li>\n<li><strong>GM could invest more in Egypt<\/strong>: That\u2019s the key (albeit vague) takeaway from the Trade Minister Nevine Gamea\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e559ec44-1e09-432a-9abe-5e72d489b72e\">meeting with officials from the US auto giant<\/a> during which they discussed its expansion plans in Egypt. <\/li>\n<\/ul><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>SMART POLICY- The social solidarity ministry will launch <\/strong><strong>a sign language version <\/strong><strong>of its relationship and marriage education platform <\/strong><strong><a href=\"https:\/\/www.mawadda-eg.com\/\">Mawadda<\/a><\/strong><strong>, <\/strong>giving persons with hearing disabilities access to the platform\u2019s video content, Amwal Al Ghad report.<\/p><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/148135437497679\">reported<\/a><\/strong><strong> 251 new covid-19 infections yesterday<\/strong>, up from 234 the day before and 203 cases on Thursday. Egypt has now disclosed a total of 287,644 confirmed cases of covid-19. The ministry also reported 8 new deaths, bringing the country\u2019s total death toll to 16,714.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>OPEC+ countries are widely expected to proceed with plans to undo oil production cuts <\/strong><strong>when they meet on Wednesday<\/strong> as oil prices recover, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-27\/opec-seen-sticking-to-planned-output-hike-as-oil-prices-rebound?srnd=premium-middle-east&amp;sref=mmeFTDW1\">a Bloomberg survey<\/a>. The majority of traders and analysts surveyed agree that the 23-nation alliance \u2014 led by Saudi Arabia and Russia \u2014 will move ahead with the planned output hike in their meeting this week as the \u201cuncertainties over the world economy and the growth recovery in China have largely peeled away,\u201d one analyst said, noting that OPEC+ will likely stick to the plan if the recovery continues. OPEC+ had reached <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c82df82-84e1-4f60-ab06-e6104209ddea\">an agreement late last month<\/a> to gradually increase production till the end of 2022, extending the supply cuts to December 2022 instead of April.<\/p><p><strong>Egypt hosts <\/strong><strong><a href=\"https:\/\/digisignafrica.com\/\">Digi Sign Africa<\/a><\/strong><strong> this week:<\/strong> The three-day advertising and digital printing exhibition gets underway at the Cairo International Convention Centre on Wednesday, 1 September.<\/p><p><strong>Cypriot prez in town this week:<\/strong> President Nicos Anastasiades arrives in Cairo on Saturday, 4 September for <a href=\"https:\/\/cyprus-mail.com\/2021\/08\/26\/first-cyprus-egypt-intergovernmental-summit-on-september-4\/\">a joint Egypt-Cyprus summit<\/a>.<\/p><p><strong>** Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p><strong>MARKET WATCH-<\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Powell drops strong hints of an end to stimulus measures this year: <\/strong>The Federal Reserve could start tapering its USD 120 bn per month bond-buying programme as early as this year, Fed head Jerome Powell <a href=\"https:\/\/www.ft.com\/content\/f1b08dc7-c4dd-405e-af3f-1045ecf77d40\">signaled<\/a> in his hotly anticipated keynote speech at the annual Jackson Hole symposium on Friday. Stopping short of giving a clear timetable for when the bank could begin to wind down the purchases, Powell said that the US economy has achieved \u201csubstantial further progress\u201d toward average inflation of 2%, one of two goals it has said it needs to meet before it begins winding down the stimulus, and has made \u201cclear progress\u201d on its second target of maximum employment. A majority of Fed officials have been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/80439a51-0542-4cdf-b097-45a59741c004\">lobbying<\/a> for an end to the bond-buying program by mid-2022, to give more flexibility to tackle increasingly aggressive inflation, even as unemployment remains high and the delta variant threatens to halt the recovery.<\/p><p><strong>The <\/strong><strong>markets<\/strong><strong> were soothed by Powell\u2019s dovish tone<\/strong> as he called for a cautious approach to tightening policy, stressing that inflationary pressures were likely temporary. Any potential rate hike would be subject to a \u201cdifferent and substantially more stringent test\u201d than that set out for ending the stimulus, Powell added.<\/p><p><strong>The S&amp;P 500 hit a <\/strong><strong>record high<\/strong><strong> on the back of the speech<\/strong>, gaining 0.9%, as did the Nasdaq Composite, which rose 1.2%. The Dow Jones was also up 0.7%, leaving all three benchmarks up for the week. Yields on US ten-year treasury notes dropped only marginally after the speech, falling from 1.34% to 1.31%. The greenback fell, while gold rose. \u201cInvestors are breathing a sigh of relief as Powell suggests a kinder, gentler Fed tightening,\u201d one analyst told <a href=\"https:\/\/finance.yahoo.com\/news\/asia-set-cautious-start-amid-220310931.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAKkvsVKe18ot3grin9rwgJjo2gm2KJ3hHxZmbf1FZcNjWBadfJrgraqumAnsOODvpdbMnAa77A1rRB2Od_QfOB3qMx3s6ADNW003_gEfckv8zTNZIrpiuaEtuaq_XtfrtaeJBI4URMk1baEMlpNJfn27OtdUw0cCyxIwnpoIGy6n\">Bloomberg<\/a>.<\/p><p><strong>SIGNS OF THE TIMES- <\/strong><\/p><p><strong>#1- You can pay for your stay at Samih Sawiris\u2019 luxury Swiss hotel using crypto.<\/strong> Chedi Andermatt <a href=\"https:\/\/www.facebook.com\/TheChediAndermatt\/photos\/a.1600703423387159\/2984249201699234\/?type=3&amp;theater\">announced<\/a> that it will start accepting BTC and ETH and will consider accepting other cryptocurrencies in the future, the hotel said in a statement picked up by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-27\/billionaire-s-swiss-luxury-hotel-to-accept-crypto-payments?sref=mmeFTDW1\">Bloomberg<\/a>. Sawiris opened the Chedi in 2013 as part of his redevelopment of the alpine town of Andermatt. <strong>Switzerland has become one of the biggest proponents of cryptocurrencies in Europe:<\/strong> Last year the Swiss town of Zug <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-03\/swiss-canton-takes-taxes-in-bitcoin-as-crypto-goes-mainstream?sref=mmeFTDW1\">announced<\/a>that it will start allowing citizens to pay their taxes in cryptocurrencies, while ski resort Zermatt accepts it as payment for some services.<\/p><p><strong>#2- <\/strong><strong>Solar panels produced a record-breaking 10% of the EU\u2019s electricity during June <\/strong><strong>and July this year,<\/strong> an increase from just over 6% three years ago, according to data from energy think-tank Ember picked up by the <a href=\"https:\/\/www.ft.com\/content\/628c5bff-108b-4e1c-ac5b-2b487cd93ab9?shareType=nongift\">Financial Times<\/a>. But solar panels still generated less energy than the EU\u2019s coal plants, which were responsible for 14% of EU electricity this summer.<\/p><p><strong>#3- The super-rich got 62% super-richer during the pandemic: <\/strong><a href=\"https:\/\/ips-dc.org\/u-s-billionaires-62-percent-richer-during-pandemic\/\">New figures<\/a> from progressive US think-tank the Institute for Policy Studies show that 708 US bn\u2019aires have added USD 1.8 tn to their combined wealth in the 17 months since the start of the pandemic, all while over 86 mn Americans lost their jobs. The pandemic\u2019s biggest <s>profiteer<\/s> beneficiary by a long shot was Elon Musk, whose net worth skyrocketed by more than 600% from under USD 25 bn to over USD 175 bn.<\/p><p><strong>TOKYO 2020 PARALYMPICS- <\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Egypt\u2019s powerlifters grabbed six medals at the Tokyo 2020 Paralympics over the <\/strong><strong>weekend. <\/strong>Fatma Omar claimed silver in the <a href=\"https:\/\/www.paralympic.org\/tokyo-2020\/results?disciplineId=beabd1e3-09c5-3256-acb6-8fd5a7276b38&amp;eventId=18e1321e-cdda-3fc4-a208-7fbb4ece3121\">women\u2019s 67kg<\/a>, lifting 120kg, while Rehab Radwan came second in the <a href=\"https:\/\/www.paralympic.org\/tokyo-2020\/results?disciplineId=beabd1e3-09c5-3256-acb6-8fd5a7276b38&amp;eventId=18e1321e-cdda-3fc4-a208-7fbb4ece3121\">women\u2019s 50kg<\/a> with a 120kg lift. In the men\u2019s events, Mahmoud Attia lifted 191kg in <a href=\"https:\/\/www.paralympic.org\/tokyo-2020\/results?disciplineId=beabd1e3-09c5-3256-acb6-8fd5a7276b38&amp;eventId=18e1321e-cdda-3fc4-a208-7fbb4ece3121\">the 72kg competition<\/a> to come second and Sherif Osman narrowly missed out on a gold medal with a 187kg lift in <a href=\"https:\/\/www.paralympic.org\/tokyo-2020\/results?disciplineId=beabd1e3-09c5-3256-acb6-8fd5a7276b38&amp;eventId=18e1321e-cdda-3fc4-a208-7fbb4ece3121\">the 59kg final<\/a>, while Mohamed Sohbi clinched a bronze medal in <a href=\"https:\/\/www.paralympic.org\/tokyo-2020\/results?disciplineId=beabd1e3-09c5-3256-acb6-8fd5a7276b38&amp;eventId=18e1321e-cdda-3fc4-a208-7fbb4ece3121\">the 80kg competition<\/a> after lifting 212kg, and Hany Abdelhady also earned a bronze medal in <a href=\"https:\/\/olympics.com\/tokyo-2020\/paralympic-games\/en\/results\/powerlifting\/results-men-s-88-kg-fnl-000100-.htm\">the 88kg competition<\/a> after lifting 214kg<\/p><p><strong>An honourable mention: <\/strong>Despite losing his opening match 0-3 against South Korea, Egyptian table tennis player Ibrahim Hamadtou won plaudits in the global media over the weekend for his performance playing only with his mouth. Read more <a href=\"https:\/\/bit.ly\/2WpTlGh\">here<\/a>, <a href=\"https:\/\/abcnews.go.com\/Sports\/egyptian-table-tennis-athlete-amputee-captures-hearts-tokyo\/story?id=79681997\">here<\/a>, and <a href=\"https:\/\/www.news18.com\/news\/sports\/paralympics-egypts-ibrahim-hamadtou-shines-with-his-unique-table-tennis-skills-4128785.html\">here<\/a> or catch some video here (<a href=\"https:\/\/twitter.com\/ziohausam\/status\/1431337195701424138?s=20\">watch, runtime: 0:33<\/a>).<\/p><p><strong>AS IT STANDS-<\/strong><\/p><table class=\"markets-table\">\n<tbody>\n<tr class=\"gray-table\">\n<td> <\/td>\n<td>\n<p><strong>Country<\/strong><\/p>\n<\/td>\n<td>\n<p>?<\/p>\n<\/td>\n<td>\n<p>?<\/p>\n<\/td>\n<td>\n<p>?<\/p>\n<\/td>\n<td>\n<p><strong>Total<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>1<\/p>\n<\/td>\n<td>\n<p>China<\/p>\n<\/td>\n<td>\n<p><strong>34<\/strong><\/p>\n<\/td>\n<td>\n<p>24<\/p>\n<\/td>\n<td>\n<p>27<\/p>\n<\/td>\n<td>\n<p>85<\/p>\n<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td>\n<p>2<\/p>\n<\/td>\n<td>\n<p>Great Britain<\/p>\n<\/td>\n<td>\n<p><strong>20<\/strong><\/p>\n<\/td>\n<td>\n<p>15<\/p>\n<\/td>\n<td>\n<p>16<\/p>\n<\/td>\n<td>\n<p>51<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>3<\/p>\n<\/td>\n<td>\n<p>RPC (Russia)<\/p>\n<\/td>\n<td>\n<p><strong>14<\/strong><\/p>\n<\/td>\n<td>\n<p>7<\/p>\n<\/td>\n<td>\n<p>21<\/p>\n<\/td>\n<td>\n<p>42<\/p>\n<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td>\n<p>4<\/p>\n<\/td>\n<td>\n<p>USA<\/p>\n<\/td>\n<td>\n<p><strong>12<\/strong><\/p>\n<\/td>\n<td>\n<p>9<\/p>\n<\/td>\n<td>\n<p>4<\/p>\n<\/td>\n<td>\n<p>25<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>5<\/p>\n<\/td>\n<td>\n<p>Ukraine<\/p>\n<\/td>\n<td>\n<p><strong>10<\/strong><\/p>\n<\/td>\n<td>\n<p>17<\/p>\n<\/td>\n<td>\n<p>9<\/p>\n<\/td>\n<td>\n<p>36<\/p>\n<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td>\n<p>41<\/p>\n<\/td>\n<td>\n<p>Egypt<\/p>\n<\/td>\n<td>\n<p><strong>0<\/strong><\/p>\n<\/td>\n<td>\n<p>4<\/p>\n<\/td>\n<td>\n<p>2<\/p>\n<\/td>\n<td>\n<p>6<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><table class=\"subscribe-button\" width=\"98%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<tr>\n<td align=\"center\" style=\"padding-bottom:20px;padding-top:20px;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<table border=\"0\" align=\"center\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<tbody>\n<tr>\n<td align=\"center\" style=\"border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"width:220px;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\">\n<tr>\n<td align=\"center\" class=\"button1\" style=\"border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;background-color:#299a0b;-moz-border-radius:4px;-webkit-border-radius:4px;border-radius:4px;word-break:break-word;word-wrap:break-word;\"> <a href=\"egypt\/en\/user\/NewsLetters\" style=\"display:block;border-width:1px;padding-top:10px;padding-bottom:10px;padding-right:10px;padding-left:10px;font-family:Arial, sans-serif;font-size:14px;color:#ffffff;font-weight:bold;line-height:16px;text-decoration:none;text-align:center;background-color:#299a0b;background-image:none;background-repeat:repeat;background-position:top left;background-attachment:scroll;border-style:solid;border-color:#299a0b;-moz-border-radius:4px;-webkit-border-radius:4px;border-radius:4px;\">Subscribe to Enterprise<\/a> <\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/afghanistan\/\">Afghanistan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/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\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jackson-hole\/\">Jackson Hole<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jerome-powell\/\">Jerome Powell<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/joe-biden\/\">Joe Biden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nilepreneurs\/\">NilePreneurs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/samih-sawiris\/\">Samih Sawiris<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/switzerland\/\">Switzerland<\/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\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558827\" 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=\"558827\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/558827\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558827\" class=\"content-area-description single-story post-558827 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=\"558828\" 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=\"558828\">\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\">Cabinet watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/egypt-in-line-to-join-africa-finance-corporation-potentially-unlocking-fresh-investment\/\">\r\n                            Egypt in line to join Africa Finance Corporation, potentially unlocking fresh investment                        <\/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\/29\/egypt-in-line-to-join-africa-finance-corporation-potentially-unlocking-fresh-investment\/\" 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\/29\/egypt-in-line-to-join-africa-finance-corporation-potentially-unlocking-fresh-investment\/')\">\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\/29\/egypt-in-line-to-join-africa-finance-corporation-potentially-unlocking-fresh-investment\/\">\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=Egypt in line to join Africa Finance Corporation, potentially unlocking fresh investment&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/egypt-in-line-to-join-africa-finance-corporation-potentially-unlocking-fresh-investment\/\">\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\/29\/egypt-in-line-to-join-africa-finance-corporation-potentially-unlocking-fresh-investment\/&title=Egypt in line to join Africa Finance Corporation, potentially unlocking fresh investment\">\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+in+line+to+join+Africa+Finance+Corporation%2C+potentially+unlocking+fresh+investment+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Fegypt-in-line-to-join-africa-finance-corporation-potentially-unlocking-fresh-investment%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\/29\/egypt-in-line-to-join-africa-finance-corporation-potentially-unlocking-fresh-investment\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/284.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558829\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/egypt-in-line-to-join-africa-finance-corporation-potentially-unlocking-fresh-investment\/284-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/284.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"284.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/284.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/284.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558828\" class=\"content-area-description single-story post-558828 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-africa-finance-corporation tag-cabinet-watch tag-enterpriseam tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt is one step closer to becoming a member of the <\/strong><strong><a href=\"https:\/\/www.africafc.org\/\">Africa Finance Corporation<\/a><\/strong> <strong>(AFC)<\/strong> after the cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/209764044527357\">approved plans<\/a> to join the multilateral lender in its weekly meeting on Thursday. The Finance Ministry will represent Egypt at the corporation\u2019s headquarters in Lagos. The AFC offers investment and other support to its 31 African member states<sup><\/sup> in various sectors, most importantly energy, natural resources, transport, heavy industries, and communications. The lender has channeled more than USD 10 bn into projects in 35 countries since its founding, and while it hasn\u2019t been that active in Egypt, that now looks set to change.<\/p>\n<p><strong>What can AFC membership do for us?<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b44209f-780d-4e54-8cf5-e4ff1269166d\">Speaking with Enterprise<\/a> in July, president and CEO Samaila Zubairu said that once Egypt\u2019s membership is ratified, we can expect big-ticket investment that could see us receive over USD 1 bn \u2014 way beyond the AFC\u2019s previous sub-USD 100 mn inflows to the country. It has already identified USD 400-500 mn worth of Egyptian projects in the private renewables, transport, logistics and natural gas sectors, and USD 250 mn to support public sector transport and logistics projects. Crucially, AFC capital can mobilize a project to secure up to 6x more in private funding, part of the AFC\u2019s strategy of \u201cderisking\u201d projects to facilitate private sector involvement.<\/p>\n<p><strong>Next steps:<\/strong> The House of Representatives will hold a final vote on the decision when it comes back from summer recess. If passed, it will be shipped to President Abdel Fattah El Sisi for ratification. The House is due back in session no later than the first Thursday in October.<\/p>\n<p><strong>ALSO FROM THE CABINET MEETING-<\/strong><\/p>\n<p><strong>\u0650\u0650A gas-powered combined-cycle power plant in Luxor<\/strong> <strong>will be scrapped and replaced by a <\/strong><strong>wind farm<\/strong>, the cabinet said. It approved a request from a consortium of Saudi Arabia utility developer ACWA Power, Hassan Allam Holding, and the Egyptian Electricity Transmission Company (EETC) to exit a 2018 power purchase <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/04\/acwa-hassan-allam-ink-ppa-for-usd-2-3-bn-power-plant-2\/\">agreement<\/a> (PPA) for the 2.3 GW, USD 2.3 bn power plant under the government\u2019s buy, own, operate (BOO) scheme. The cabinet has approved signing a new PPA with the consortium, which will see it switch the gas-powered plant for a 1.1 GW wind farm, also under the BOO scheme.<\/p>\n<p><strong>An incentive program for charter flights to Egypt was also extended through the end of <\/strong><strong>April 2022:<\/strong> An <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e22f0cc7-c7f9-4925-b543-3d5f9f8c283b\">earlier phase<\/a> of Egypt\u2019s incentive program offered unspecified benefits over two tiers, one for airlines flying 2-15 times per week, and other for those operating more than 15 weekly flights, and ran from January to April 2021.<\/p>\n<p><strong>Cabinet also doubled down on a program meant to boost domestic tourism, <\/strong>including a plan to link the coastal airports of Sharm El-Sheikh and Hurghada to Upper Egypt\u2019s Luxor and Aswan. Current discounts on landing, docking, servicing and fuel prices at airports in the country\u2019s tourist hotspots will also be extended until the end of April next year.<\/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-finance-corporation\/\">Africa Finance Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cabinet-watch\/\">cabinet watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558830\" 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=\"558830\">\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\">Taxation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/taxman-going-after-online-retailers-who-arent-playing-ball\/\">\r\n                            Taxman going after online retailers who aren\u2019t playing ball                        <\/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\/29\/taxman-going-after-online-retailers-who-arent-playing-ball\/\" 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\/29\/taxman-going-after-online-retailers-who-arent-playing-ball\/')\">\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\/29\/taxman-going-after-online-retailers-who-arent-playing-ball\/\">\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=Taxman going after online retailers who aren\u2019t playing ball&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/taxman-going-after-online-retailers-who-arent-playing-ball\/\">\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\/29\/taxman-going-after-online-retailers-who-arent-playing-ball\/&title=Taxman going after online retailers who aren\u2019t playing ball\">\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=Taxman+going+after+online+retailers+who+aren%E2%80%99t+playing+ball+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Ftaxman-going-after-online-retailers-who-arent-playing-ball%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\/29\/taxman-going-after-online-retailers-who-arent-playing-ball\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/285.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558831\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/taxman-going-after-online-retailers-who-arent-playing-ball\/285-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/285.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"285.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/285.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/285.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558830\" class=\"content-area-description single-story post-558830 post type-post status-publish format-standard has-post-thumbnail hentry category-taxation tag-e-commerce tag-egyptian-tax-authority tag-enterpriseam tag-tax tag-taxation 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>The Egyptian Tax Authority (ETA) has asked prosecutors to open <\/strong><strong>investigations into four companies with e-commerce <\/strong><strong>activities for allegedly not <\/strong><strong>registering with the authority<\/strong>, ETA head Reda Abdelkader said in <a href=\"https:\/\/www.incometax.gov.eg\/news-d.php?id=305\">a statement<\/a> yesterday. An additional four companies that have not been reporting their revenues from online sales as part of their tax filings were also referred to prosecution, Abdelkader said. The statement did not name the companies that face probes, but said they included companies selling ready-made garments, imported clothing, bedding and tobacco products.<\/p>\n<p><strong>Cracking down on untaxed online sales: <\/strong>The tax authority has recently moved to oblige businesses selling goods online to <a href=\"https:\/\/www.masrawy.com\/news\/news_economy\/details\/2021\/7\/15\/2056847\/%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D8%A7%D9%84%D8%A5%D9%84%D8%B2%D8%A7%D9%85-%D8%A8%D8%B0%D9%83%D8%B1-%D8%B1%D9%82%D9%85-%D8%AA%D8%B3%D8%AC%D9%8A%D9%84-%D8%A7%D9%84%D9%85%D9%85%D9%88%D9%84%D9%8A%D9%86-%D8%A8%D8%A7%D9%84%D8%A5%D8%B9%D9%84%D8%A7%D9%86%D8%A7%D8%AA-%D8%B3%D9%8A%D8%AD%D8%A7%D8%B5%D8%B1-%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D8%B4%D9%8A%D8%A7%D9%84-%D9%85%D9%8A%D8%AF%D9%8A%D8%A7\">disclose their tax registration numbers<\/a> in the post advertising the product, as a way to crack down on tax evasion for online sales. This applies to ads on websites or social media platforms.<\/p>\n<p><strong>Online retailers should also pay heed to their VAT payments,<\/strong> the ETA boss said. Online retailers have been required <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/16\/online-retailers-now-have-to-charge-and-remit-vat\/\">since October 2018<\/a> to settle their VAT payments electronically with the government at the end of every month as other retailers do, as part of the state\u2019s efforts to outline <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b1f73ee-3ff8-4adf-8b9f-dbfcd00e99c0\">a framework for taxing e-commerce sales<\/a>, including charging and remitting VAT on online delivery services as of 3 June, under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2205dce0-274d-4586-84a5-5a7e9c7c46d9\">an executive amendment to the VAT Act<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-tax-authority\/\">Egyptian Tax Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taxation\/\">TAXATION<\/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=\"558832\" 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=\"558832\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/nbe-banque-misr-arrange-egp-3-bn-for-two-state-run-aviation-firms\/\">\r\n                            NBE, Banque Misr arrange EGP 3 bn for two state-run aviation firms                        <\/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\/29\/nbe-banque-misr-arrange-egp-3-bn-for-two-state-run-aviation-firms\/\" 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\/29\/nbe-banque-misr-arrange-egp-3-bn-for-two-state-run-aviation-firms\/')\">\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\/29\/nbe-banque-misr-arrange-egp-3-bn-for-two-state-run-aviation-firms\/\">\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=NBE, Banque Misr arrange EGP 3 bn for two state-run aviation firms&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/nbe-banque-misr-arrange-egp-3-bn-for-two-state-run-aviation-firms\/\">\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\/29\/nbe-banque-misr-arrange-egp-3-bn-for-two-state-run-aviation-firms\/&title=NBE, Banque Misr arrange EGP 3 bn for two state-run aviation firms\">\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=NBE%2C+Banque+Misr+arrange+EGP+3+bn+for+two+state-run+aviation+firms+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Fnbe-banque-misr-arrange-egp-3-bn-for-two-state-run-aviation-firms%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\/29\/nbe-banque-misr-arrange-egp-3-bn-for-two-state-run-aviation-firms\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/287.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558833\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/nbe-banque-misr-arrange-egp-3-bn-for-two-state-run-aviation-firms\/287-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/287.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"287.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/287.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/287.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558832\" class=\"content-area-description single-story post-558832 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-aviation tag-banque-misr tag-debt-watch tag-egyptian-airports-company tag-egyptian-holding-company-for-airports-and-air-navigation tag-enterpriseam tag-national-bank-of-egypt tag-travel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>The National Bank of Egypt and Banque Misr have arranged EGP 3 <\/strong><strong>bn-worth of syndicated loans for two airports:<\/strong> Lead arrangers NBE and Banque Misr will provide EGP 2 bn of the 10-year syndicated loans to state-run <a href=\"https:\/\/eac-airports.com\/\">Egyptian Airports Company<\/a> to finance the development of west Cairo\u2019s Sphinx International Airport. NBE will loan out the remaining EGP 1 bn of syndicated loans to state-owned <a href=\"http:\/\/www.ehcaan.com\/\">Egyptian Holding Company for Airports and Air Navigation<\/a> for the development of St. Catherine International Airport, according to <a href=\"https:\/\/ent.news\/2021\/8\/ENG-PRL.docx.pdf\">a press release (pdf)<\/a>.<\/p>\n<p><strong>The loans will be used to increase the airports\u2019 current passenger capacity <\/strong>by building new terminals and adding runways, allowing St. Catherine Airport to process 600 passengers per hour, and Sphinx airport to triple its processing capacity to 900 passengers per hour. The developments are expected to ease pressure on Cairo International Airport, particularly following the planned opening of the Grand Egyptian Museum at the Giza plateau.<\/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\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-airports-company\/\">Egyptian Airports Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-holding-company-for-airports-and-air-navigation\/\">Egyptian Holding Company for Airports and Air Navigation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558834\" 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=\"558834\">\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\">Mining<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/sawiris-likes-chilean-copper\/\">\r\n                            Sawiris likes Chilean copper                        <\/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\/29\/sawiris-likes-chilean-copper\/\" 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 firm paid USD 26.2 mn in a first closing, with final close on the transaction expected by 1 September at a total value of USD 34.1 mn. Altus <a href=\"https:\/\/www.altus-strategies.com\/news\/cash-paying-royalty-on-caserones-copper-mine-in-chile-to-be-acquired-for-us-34.1-million\/\">expects<\/a> its interest in the mine will generate USD 3.2 mn in cashflow per annum.<\/p>\n<p><strong>What is Altus Strategies: <\/strong>Altus Strategies expanded its activities in Egypt after amendments to the Mineral Resources Act offering investors more attractive terms were approved in 2019, and following the acquisition by Sawiris-owned La Mancha of a 35% stake in Altus in February 2020. Its subsidiary Akh Gold <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9749041e-f303-49d6-a7ef-4167d3c68224\">snagged<\/a> exploration licenses for 9 Eastern Desert blocks earlier this year, with Sawiris <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/005b4fd8-7735-4ebe-a93a-e0b9ca0bdfe3\">saying<\/a> he would take part in further tenders. Altus <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2206ca8-bcfd-42c4-8962-055f38f76ebd\">could<\/a> invest up to USD 200 mn if any exploration pans out. Altus parent company La Mancha announced plans in July to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b65943c0-3188-4aee-8b65-4ed39716e7fc\">transform itself into a mining fund<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/altus-strategies\/\">Altus Strategies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/naguib-sawiris\/\">Naguib Sawiris<\/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=\"558836\" 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=\"558836\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/it-was-a-beautiful-day-in-the-neighborhood\/\">\r\n                            It was a beautiful day in the neighborhood                        <\/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\/29\/it-was-a-beautiful-day-in-the-neighborhood\/\" 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\/29\/it-was-a-beautiful-day-in-the-neighborhood\/')\">\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\/29\/it-was-a-beautiful-day-in-the-neighborhood\/\">\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=It was a beautiful day in the neighborhood&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/it-was-a-beautiful-day-in-the-neighborhood\/\">\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\/29\/it-was-a-beautiful-day-in-the-neighborhood\/&title=It was a beautiful day in the neighborhood\">\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=It+was+a+beautiful+day+in+the+neighborhood+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Fit-was-a-beautiful-day-in-the-neighborhood%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\/29\/it-was-a-beautiful-day-in-the-neighborhood\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/289.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"558837\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/it-was-a-beautiful-day-in-the-neighborhood\/289-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/289.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"289.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/289.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/289.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558836\" class=\"content-area-description single-story post-558836 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-al-ula-declaration tag-diplomacy tag-el-sisi tag-enterpriseam tag-foreign-affairs tag-france tag-iraq tag-qatar 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>El Sisi meets Qatari emir for first time since reconciliation: <\/strong>Improving bilateral relations and boosting cooperation between Egypt and Qatar were key talking points during a meeting yesterday between President Abdel Fattah El Sisi and Qatari Emir Tamim bin Hamad Al Thani, who met in Baghdad on Saturday for the first time since <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/036bdfbe-0680-448e-a011-b607497ac279\">the Al Ula accord this year<\/a> ended an almost four year Qatari diplomatic rift with Egypt and its Gulf neighbors, Ittihadiya said in <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/388389162649818\">a statement<\/a>. The meeting took place during <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7e3e2741-dbfd-4162-a591-f08abfc5bf15\">a summit<\/a> that was ostensibly intended to rally support for Iraq.<\/p>\n<p><strong>T<\/strong><strong>he meeting is the latest signal of rapprochement between Egypt and Qatar after they <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/385f8cb8-4b97-4f11-b5dc-3e1263b91ad9\">re-established diplomatic ties<\/a><\/strong><strong> in January<\/strong> following their <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/05\/what-were-tracking-on-05-june-2017\/\">severing in 2017<\/a> over Doha\u2019s continued support for the Ikhwan. In 2014, Egypt, along with Saudi Arabia, Bahrain and the UAE, had <a href=\"https:\/\/www.nytimes.com\/2014\/03\/07\/world\/middleeast\/egypt-withdraws-ambassador-from-qatar.html\">recalled their ambassadors from Qatar<\/a> in protest of the alleged interference by Qatar in other countries' internal affairs. In a sign of improved relations, Egypt and Qatar exchanged the appointment of ambassadors in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/866509b6-d87e-4aa2-a7a4-de4c2d6b8a60\">June<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1376279-2dad-4e13-bdb1-1f3102fc7b86\">August<\/a>.<\/p>\n<p><strong>Egypt\u2019s president also held a one-on-one with Iraqi President Barham Salih<\/strong><strong>:<\/strong> El Sisi and Salih sat down to discuss ways to ramp up economic cooperation and investment between Egypt and Iraq, while reviewing the status of joint projects underway in cooperation with Jordan, according to <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/388205266001541\">an Ittihadiya statement<\/a>. The three countries had agreed to deepen security and economic cooperation during <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2416ca1-5607-4ab6-a4be-259d78d29927\">a previous summit in Baghdad<\/a> last June, and agreed to work together to establish new industrial complexes, as well as power and electricity projects. El Sisi <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/388478532640881\">also met with<\/a> Iraqi PM Moustafa Al Kadhimi and stressed the importance of accelerating the implementation of joint projects between both countries.<\/p>\n<p><strong>El Sisi\u2019s visit appears to be within the framework of Egypt\u2019s continued push for <\/strong><strong><a href=\"https:\/\/enterprise.press\/hardhats\/regional-infrastructure-diplomacy-whetting-appetite-egyptian-contractors\/\">infrastructure diplomacy<\/a><\/strong>, after Egypt and Iraq <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8bd78d32-e156-46dd-9bb4-8cc773b033a6\">signed a raft of preliminary agreements<\/a> covering everything from oil and water resources to construction, housing and transportation in an \u201coil-for-reconstruction\u201d agreement. The latest display of this policy \u2014 through which the government aims to get local companies to help rebuild vital infrastructure in conflict-ridden regional countries such as Iraq \u2014 was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8e8308fd-b228-4499-b381-477d4b03baef\">an agreement signed in June<\/a> to boost digital infrastructure cooperation with Iraq.<\/p>\n<p><strong>El Sisi also <\/strong><strong><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/388234199331981\">met with Kuwait's Foreign Minister<\/a><\/strong><strong> Sheikh Sabah Al-Khalid Al-Sabah<\/strong> to discuss regional issues and <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/388457599309641\">talked cooperation<\/a><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/388457599309641\">and investment with French President Emmanuel Macron<\/a>. El Sisi and Macron singled out transport, renewable energy and auto manufacturing as areas of mutual interest.<\/p>\n<p><strong>Egypt and Qatar aren\u2019t the only ones trying to get along: <\/strong>Foreign ministers from Saudi Arabia and Iran, which had cut diplomatic ties in 2016, met for the first time, while officials from the UAE and Turkey \u2014 which have endured a bitter relationship in recent years \u2014 were also in attendance, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-28\/iraq-eyes-new-regional-role-and-looks-for-help-to-rebuild?sref=mmeFTDW1\">Bloomberg<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/1653c2d1-f39e-40cd-8507-530633969cea\">Financial Times<\/a> reported.<\/p>\n<p><strong>And more reconciliations further afield:<\/strong> The UAE and Qatari ruling families met for the first time after a three-year boycott, with Qatar\u2019s Prince Tamim bin Hamad Al Thani receiving an Emirati delegation led by UAE\u2019s National Security Adviser Tahnoun bin Zayed Al Nahyan on Thursday, according to <a href=\"https:\/\/www.wam.ae\/en\/details\/1395302963726\">WAM<\/a>.<\/p>\n<p><strong>IN OTHER DIPLO NEWS-<\/strong> <strong>Egypt is calling on Algeria, Morocco to patch things up:<\/strong> Foregin Minister Sameh Shoukry discussed in phone calls with his Algerian and Moroccan counterparts Friday ways to mend diplomatic relations between the two countries, after Algiers <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8719b98d-593d-433d-be49-4b12295b6a6a\">announced last week<\/a> that it would be cutting off diplomatic relations with Rabat, ostensibly over Morocco\u2019s cozying-up to Israel, according to a foreign ministry <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/142365058073349\">a statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ula-declaration\/\">Al Ula declaration<\/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\/el-sisi\/\">El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-affairs\/\">foreign affairs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/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\/qatar\/\">Qatar<\/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=\"558838\" 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=\"558838\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/visa-appoints-new-regional-senior-vp\/\">\r\n                            Visa appoints new regional senior VP                        <\/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\/29\/visa-appoints-new-regional-senior-vp\/\" 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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   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\/29\/visa-appoints-new-regional-senior-vp\/&title=Visa appoints new regional senior VP\">\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=Visa+appoints+new+regional+senior+VP+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Fvisa-appoints-new-regional-senior-vp%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\/29\/visa-appoints-new-regional-senior-vp\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558838\" class=\"content-area-description single-story post-558838 post type-post status-publish format-standard hentry category-moves tag-enterpriseam tag-microsoft tag-moves tag-visa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Visa<\/strong> has appointed <strong>Leila Serhan<\/strong> (<a href=\"https:\/\/www.linkedin.com\/in\/leilaserhan\/?originalSubdomain=ae\">LinkedIn<\/a>) as <strong>senior vice president and group <\/strong><strong>country manager <\/strong>for North Africa, the Levant and Pakistan, the company announced in a <a href=\"https:\/\/ent.news\/2021\/8\/Leila-Serhan_AppointmentRelease_Final.pdf\">press<\/a><a href=\"https:\/\/ent.news\/2021\/8\/Leila-Serhan_AppointmentRelease_Final.pdf\">release<\/a><a href=\"https:\/\/ent.news\/2021\/8\/Leila-Serhan_AppointmentRelease_Final.pdf\">(pdf)<\/a>. Serhan joins Visa after working at Microsoft for almost 20 years, most recently leading its public sector business in the Gulf region and serving as general manager, across North Africa, East Mediterranean, and Pakistan.<\/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\/microsoft\/\">microsoft<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/visa\/\">Visa<\/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=\"558839\" 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=\"558839\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/558839\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558839\" class=\"content-area-description single-story post-558839 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=\"558840\" 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=\"558840\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/hisense-plans-usd-170-mn-investment-paralympians-steal-the-show\/\">\r\n                            Hisense plans USD 170 mn investment + Paralympians steal the show                        <\/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\/29\/hisense-plans-usd-170-mn-investment-paralympians-steal-the-show\/\" 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\/29\/hisense-plans-usd-170-mn-investment-paralympians-steal-the-show\/')\">\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\/29\/hisense-plans-usd-170-mn-investment-paralympians-steal-the-show\/\">\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=Hisense plans USD 170 mn investment + Paralympians steal the show&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/hisense-plans-usd-170-mn-investment-paralympians-steal-the-show\/\">\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\/29\/hisense-plans-usd-170-mn-investment-paralympians-steal-the-show\/&title=Hisense plans USD 170 mn investment + Paralympians steal the show\">\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=Hisense+plans+USD+170+mn+investment+%2B+Paralympians+steal+the+show+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Fhisense-plans-usd-170-mn-investment-paralympians-steal-the-show%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\/29\/hisense-plans-usd-170-mn-investment-paralympians-steal-the-show\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558840\" class=\"content-area-description single-story post-558840 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-diplomacy tag-el-sisi tag-elaraby-group tag-enterpriseam tag-foreign-affairs tag-investment-watch tag-iraq tag-last-nights-talk-shows tag-middle-east tag-qatar tag-sports 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>Diplomacy was the belle of the ball on last night\u2019s talk shows<\/strong>, with everyone and their mother talking about and dissecting President Abdel Fattah El Sisi\u2019s visit yesterday to Baghdad to participate in an Iraqi summit. El Sisi used the occasion to talk talk bilateral relations with regional leaders and officials as well as with French President Emmanuel Macron. El Sisi also held his first one-on-one with Qatari Emir Tamim bin Hamad Al Thani since <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/036bdfbe-0680-448e-a011-b607497ac279\">the lifting of Egypt and the GCC\u2019s 2017 blockade<\/a> on Qatar. We have coverage in this morning\u2019s news well, above.<\/p>\n<p><strong>For your viewing pleasure: <\/strong>Ala Mas\u2019ouleety (watch, runtime: <a href=\"https:\/\/www.facebook.com\/watch\/?v=544170843532133\">11:03<\/a> | <a href=\"https:\/\/www.facebook.com\/watch\/?v=546103729842129\">1:47<\/a>), Al Hayah Al Youm (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=dq2UJZKR4vE\">8:37<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=PV5dTKszoKY\">1:53<\/a>) and Masaa DMC (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=ksCt_FqZKxw\">10:15<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=wvzfV1fD_Cw\">1:37<\/a>) all had coverage.<\/p>\n<p><strong>Chinese electronics manufacturer Hisense\u2019s plans to invest USD 170 mn in the Egyptian <\/strong><strong>market was also on the agenda last night.<\/strong> Hisense has <a href=\"https:\/\/bit.ly\/2WyDkye\">entered a partnership<\/a> with Egypt\u2019s El Araby Group to launch of an assembled-in-Egypt Hisense home appliance production line with El Araby. The agreement comes in line with Egypt\u2019s push towards the localization of the electronics industry, and is expected to pave the way for further foreign direct investment into the country. Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=4U0yp8zmA_M\">watch, runtime: 4:22<\/a>) was among those who took note of the partnership.<\/p>\n<p><strong>Elsewhere, the nation\u2019s talking heads were all over the Tokyo 2020 Paralympics<\/strong> after Egypt\u2019s powerlifters snagged six medals at the weekend\u2019s games, including four silver and two bronze. Sada El Balad\u2019s Ahmed Moussa went with literal applause (<a href=\"https:\/\/www.facebook.com\/watch\/?v=525240871910133\">watch, runtime: 2:19<\/a>), while Al Hayah TV\u2019s Lobna Assal lauded Fatma Omar\u2019s victory in claiming silver in the women\u2019s 67kg (<a href=\"https:\/\/www.youtube.com\/watch?v=4LwOEHqE19I\">watch, runtime: 7:10<\/a>). We have the details in What We\u2019re Tracking Today, above.<\/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\/el-sisi\/\">El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elaraby-group\/\">Elaraby Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-affairs\/\">foreign affairs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/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\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east\/\">Middle East<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"558841\" 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 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stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-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\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column 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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-0c27bqh\" data-v=\"4\" data-block-id=\"0c27bqh\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0c27bqh-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0c27bqh-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 stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"558842\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/the-gezira-club-pet-cemetery-is-in-the-news\/\">\r\n                            The Gezira club pet cemetery is in the news                        <\/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\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/the-gezira-club-pet-cemetery-is-in-the-news\/&title=The Gezira club pet cemetery is in the news\">\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=The+Gezira+club+pet+cemetery+is+in+the+news+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Fthe-gezira-club-pet-cemetery-is-in-the-news%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\/29\/the-gezira-club-pet-cemetery-is-in-the-news\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558842\" class=\"content-area-description single-story post-558842 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-archaeology tag-enterpriseam tag-history tag-italy tag-libya tag-uk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It is very much a mixed bag in the weekend headlines: <\/strong><\/p>\n<ul>\n<li><strong>Refugee crisis continues:<\/strong> More than 600 Egyptians and Moroccans landed on Italy\u2019s Lampedusa Saturday, having come by boat from Libya. (<a href=\"https:\/\/www.arabnews.com\/node\/1918801\/world\">Arab News<\/a>)<\/li>\n<li><strong>Greco-Roman town unearthed: <\/strong>A residential and commercial town dating to the Greco-Roman period has been unearthed by an Egyptian Archaeological team near Alexandria. (<a href=\"http:\/\/www.news.cn\/english\/2021-08\/28\/c_1310153304_2.htm\">Xinhua<\/a> | <a href=\"https:\/\/www.dailymail.co.uk\/sciencetech\/article-9919881\/Sixth-century-complex-Egypt-shows-large-scale-urban-planning-including-shops-hospital.html\">Daily Mail<\/a>)<\/li>\n<li><strong>Egypt is an \u201cUltimate Guy Trip,\u201d according to <\/strong><strong><a href=\"https:\/\/www.menshealth.com\/trending-news\/a36863797\/guy-trips-2021\/\">Men\u2019s Health<\/a><\/strong>, the US edition of which gives a shout out to Ain Sokhna for its scuba diving, kite surfing and beaches.<\/li>\n<li><strong>Pet cemetery: <\/strong>Cairo\u2019s only known pet cemetery at the Gezira club is an out of the way plot paying tribute to furry friends (<a href=\"https:\/\/www.thenationalnews.com\/mena\/egypt\/2021\/08\/28\/cairos-only-known-pet-cemetery-is-a-symbol-of-love-and-remembrance\/\">The National<\/a>)<\/li>\n<li><strong>From the archives: <\/strong>The <a href=\"https:\/\/www.theguardian.com\/world\/2021\/aug\/27\/historic-anglo-egyptian-treaty-signed-in-london-archive-1936\">Guardian<\/a> took us back to 27 August, 1936 when Nahas Pasha and Anthony Eden signed the historic Anglo-Egyptian treaty, under which the UK agreed to withdraw its troops from Egypt.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/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=\"558843\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558844\" 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=\"558844\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/bank-abc-and-blom-acquisition-to-go-through-in-1q2022\/\">\r\n                            Bank ABC and Blom acquisition to go through in 1Q2022                        <\/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\/29\/bank-abc-and-blom-acquisition-to-go-through-in-1q2022\/\" 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\/29\/bank-abc-and-blom-acquisition-to-go-through-in-1q2022\/')\">\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\/29\/bank-abc-and-blom-acquisition-to-go-through-in-1q2022\/\">\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=Bank ABC and Blom acquisition to go through in 1Q2022&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/bank-abc-and-blom-acquisition-to-go-through-in-1q2022\/\">\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\/29\/bank-abc-and-blom-acquisition-to-go-through-in-1q2022\/&title=Bank ABC and Blom acquisition to go through in 1Q2022\">\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=Bank+ABC+and+Blom+acquisition+to+go+through+in+1Q2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Fbank-abc-and-blom-acquisition-to-go-through-in-1q2022%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\/29\/bank-abc-and-blom-acquisition-to-go-through-in-1q2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558844\" class=\"content-area-description single-story post-558844 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-bank-abc tag-banking tag-blom-bank tag-enterpriseam tag-israel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>NilePreneurs to help expand local innovation accelerator:<\/strong> The CBE funded, Nile University-based <a href=\"https:\/\/np.eg\/en\/\">NilePreneurs<\/a> is taking part in a European Union funded, 30-month project to develop the innovation accelerator <a href=\"https:\/\/www.facebook.com\/EUEcosys\/\">Ecosys+<\/a>, according to <a href=\"https:\/\/almalnews.com\/%D8%B1%D9%88%D8%A7%D8%AF-%D8%A7%D9%84%D9%86%D9%8A%D9%84-%D8%AA%D8%B4%D8%A7%D8%B1%D9%83-%D9%81%D9%8A-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%85%D9%85%D9%88%D9%84\/\">Al Mal<\/a>. The Trade Ministry\u2019s <a href=\"http:\/\/www.mti.gov.eg\/English\/aboutus\/Sectorsandentities\/Industry\/Entities\/TechnologyandInnovationIndustrialCouncil\/Pages\/default.aspx\">Technology and Innovation Industrial Council<\/a>, as well as the <a href=\"http:\/\/asrt.sci.eg\/ar\/\">Academy of Scientific Research and Technology<\/a>, along with several companies, are taking equal part in the project.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Egypt imported 1.6 bcm of natural gas from Israel\u2019s Leviathan gas field <\/strong><strong>during the first six months of the year<\/strong>, up from 0.4 bcm in the same period of 2020, according to figures in Delek drilling\u2019s <a href=\"https:\/\/ent.news\/2021\/8\/Delek-Drilling-Q2.2021-Final.pdf\">2Q earnings release (pdf)<\/a>.<\/li>\n<li>Bahrain\u2019s <strong>Bank ABC<\/strong> could close its <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4b287f2-a3b9-4821-9670-9dc5c1650303\">Blom Bank Egypt takeover<\/a><\/strong> in <strong>1Q2022<\/strong>, acquiring <strong>a 99.5% stake<\/strong> in a merger that would scale up the bank\u2019s retail, SME and digital exposure, <strong>pending regulatory approval<\/strong>, CFO Brendon Hopkins told <a href=\"https:\/\/dailynewsegypt.com\/2021\/08\/28\/bank-abc-groups-acquisition-of-blom-bank-egypt-to-conclude-1q-2022-subject-to-regulatory-approval-cfo-brendon-hopkins\/\">Daily News Egypt<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/bank-abc\/\">Bank ABC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blom-bank\/\">Blom Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558845\" 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=\"558845\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/g20-africa-summit-promises-more-vaccines-to-the-continent\/\">\r\n                            G20 Africa summit promises more vaccines to the continent                        <\/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\/29\/g20-africa-summit-promises-more-vaccines-to-the-continent\/\" 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\/29\/g20-africa-summit-promises-more-vaccines-to-the-continent\/')\">\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\/29\/g20-africa-summit-promises-more-vaccines-to-the-continent\/\">\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=G20 Africa summit promises more vaccines to the continent&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/g20-africa-summit-promises-more-vaccines-to-the-continent\/\">\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\/29\/g20-africa-summit-promises-more-vaccines-to-the-continent\/&title=G20 Africa summit promises more vaccines to the continent\">\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=G20+Africa+summit+promises+more+vaccines+to+the+continent+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Fg20-africa-summit-promises-more-vaccines-to-the-continent%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\/29\/g20-africa-summit-promises-more-vaccines-to-the-continent\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558845\" class=\"content-area-description single-story post-558845 post type-post status-publish format-standard hentry category-covid-watch tag-abdel-fattah-el-sisi tag-china tag-covid-19 tag-enterpriseam tag-eu tag-rwanda tag-senegal tag-sinovac tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Vaccine production front and center at G20 Africa summit:<\/strong> Vaccinemaker BioNTech is planning to begin manufacturing mRNA malaria and TB vaccines in Rwanda and Senegal, the CEO of the company said during a meeting on the sidelines of the G20 Compact with Africa summit in Germany at the weekend, according to <a href=\"https:\/\/investors.biontech.de\/news-releases\/news-release-details\/joint-communique-biontech-evaluates-mrna-vaccine-manufacturing\">a joint statement<\/a>.<\/p>\n<p><strong>Senegal is also on its way to becoming West Africa\u2019s covid vaccine production hub<\/strong>, receiving <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f24e129-8f88-4800-823a-423aaef98175\">mns of EUR from the EU<\/a> to set up a new manufacturing facility. This is part of the EU\u2019s EUR 1 bn initiative to boost the continent\u2019s production capacity, with Egypt, South Africa, Rwanda and Morocco also being named as potential candidates.<\/p>\n<p><strong>Egypt might also become one of Africa\u2019s key covid vaccine makers<\/strong>, reportedly being asked by the African Union to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41c4d9d1-17d6-4e13-acbf-5c5e86c69725\">produce 1 bn shots every year<\/a> for export across the continent. State-owned vaccine maker Vacsera is already manufacturing China\u2019s Sinovac, and will soon increase capacity to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41c4d9d1-17d6-4e13-acbf-5c5e86c69725\">15-18.5 mn shots a month<\/a>.<\/p>\n<p><strong>President El Sisi calls for action:<\/strong> Attending the summit virtually, President Abdel Fattah El Sisi stressed that African countries are still unable to access enough covid vaccines, and called on the international community to boost production capacity on the continent, Ittihadiya said in <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/387815676040500\">a statement<\/a>.<\/p>\n<p><strong>Germany has already agreed to step up its donations to Africa from 30 mn to 70 <\/strong><strong>mn vaccine doses <\/strong>by the end of the year, Chancellor Angela Merkel said, according to <a href=\"https:\/\/www.reuters.com\/article\/us-germany-politics-merkel-africa\/germany-will-offer-africa-up-to-70-million-covid-19-vaccine-doses-merkel-says-idUSKBN2FS1VT\">Reuters<\/a>. Merkel did not specify a timeline or disclose how the shots would be divided, but said she was confident that there could be a \u201ctransfer, step by step, of the technology\u201d to allow the production of jabs in Africa \u2014 where only 2% of the African 1.3 bn population have been inoculated against the virus.<\/p>\n<p><strong>A new Chinese vaccine showed 82% efficacy against serious covid-19 <\/strong><strong>cases<\/strong> during late-stage trails, Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-27\/new-china-vaccine-shows-82-effectiveness-against-serious-covid?sref=mmeFTDW1\">reports<\/a>. Developer Chongqing Zhifei Biological Products said in a bourse filing that the jab was found to be 93% effective against the alpha covid-19 variant and about 78% effective against delta. None of the 28.5k people who took part in the trial entered critical care or died.<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rwanda\/\">Rwanda<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/senegal\/\">Senegal<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"558846\" 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=\"558846\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/adx-dfm-extend-trading-by-one-hour-secs-next-target-brokerage-apps\/\">\r\n                            ADX, DFM extend trading by one hour + SEC\u2019s next target? Brokerage apps.                        <\/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\/29\/adx-dfm-extend-trading-by-one-hour-secs-next-target-brokerage-apps\/\" 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\/29\/adx-dfm-extend-trading-by-one-hour-secs-next-target-brokerage-apps\/')\">\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\/29\/adx-dfm-extend-trading-by-one-hour-secs-next-target-brokerage-apps\/\">\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=ADX, DFM extend trading by one hour + SEC\u2019s next target? Brokerage apps.&url=https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/adx-dfm-extend-trading-by-one-hour-secs-next-target-brokerage-apps\/\">\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\/29\/adx-dfm-extend-trading-by-one-hour-secs-next-target-brokerage-apps\/&title=ADX, DFM extend trading by one hour + SEC\u2019s next target? Brokerage apps.\">\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=ADX%2C+DFM+extend+trading+by+one+hour+%2B+SEC%E2%80%99s+next+target%3F+Brokerage+apps.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F08%2F29%2Fadx-dfm-extend-trading-by-one-hour-secs-next-target-brokerage-apps%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\/29\/adx-dfm-extend-trading-by-one-hour-secs-next-target-brokerage-apps\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558846\" class=\"content-area-description single-story post-558846 post type-post status-publish format-standard hentry category-planet-finance tag-abu-dhabi tag-adx tag-china tag-enterpriseam tag-financial-markets tag-gamestop tag-ipo-watch tag-oil-and-gas tag-online-broker-apps tag-opec tag-planet-finance tag-sec tag-stocks-trading tag-wall-street wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>The Abu Dhabi Securities Exchange (ADX) will extend trading by one hour till 3 <\/strong><strong>pm starting 3 October<\/strong>, in a bid to align the ADX\u2019s trading hours with global markets, attract international investment, and enhance market liquidity, according to a <a href=\"https:\/\/pbs.twimg.com\/media\/E9286VAUcAgiTjT?format=jpg&amp;name=small\">statement<\/a>. The Dubai Financial Market is also extending its trading hours till 3 pm, while the ADX also <a href=\"https:\/\/twitter.com\/ADX_AE\/status\/1431504309070581762\/photo\/2\">announced<\/a> it would be <strong>cutting trading commissions by half to 0.025%<\/strong> as of September, its <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/abu-dhabi-bourse-cut-trading-commissions-by-50-extend-trading-hours-2021-08-28\/\">second cut this year<\/a>, and its third over the past three years.<\/p><p><strong>China is planning to ban tech companies with large volumes of sensitive data <\/strong><strong>from going public in the US<\/strong>, the Wall Street Journal <a href=\"https:\/\/www.wsj.com\/articles\/china-plans-to-ban-u-s-ipos-for-data-heavy-tech-firms-11630045061\">reports<\/a>. Sources cited by the newspaper say that some companies and foreign investors have been told by the country\u2019s stock regulator in recent weeks that data intensive firms that use subsidiaries incorporated outside of China will not be allowed to IPO outside of China, though firms operating in other sectors will still likely receive approval. <strong>Beijing\u2019s target:<\/strong> The <a href=\"https:\/\/www.investopedia.com\/terms\/v\/variable-interest-entity.asp\">Variable Interest Entity<\/a> corporate structure, which the country\u2019s largest tech firms use to dodge limits on foreign investment.<\/p><p><strong>SEC looks to crack down on robo-advising apps:<\/strong> The US Securities and Exchange Commission <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2021-167\">issued on Friday<\/a> a wide-ranging request for comment on the extent to which the digital cues and prompts used by online platforms such as Robinhood influence customers\u2019 decisions, the <a href=\"https:\/\/www.ft.com\/content\/c88ba291-0f2a-4318-9422-195b8675a06a\">Financial Times<\/a> reports. The Wall Street regulator said it\u2019s concerned that the technologies are putting investors at risk by encouraging excessive trading and pushing specific stocks. SEC\u2019s \u201cgamification\u201d review is billed as a first step towards getting a handle on the increasing clout of retail investors in equity markets (think: \u201csending stonks to the moon,\u201d \u00e0 la GameStop).<\/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>11,125<\/p>\n<\/td>\n<td>\n<p>+0.6% (YTD: +2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,128<\/p>\n<\/td>\n<td>\n<p>-0.3% (YTD: +28.1%)<\/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>7,625<\/p>\n<\/td>\n<td>\n<p>-0.5% (YTD: +51.1%)<\/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>2,900<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +16.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P <\/strong><strong>500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,509<\/p>\n<\/td>\n<td>\n<p>+0.9% (YTD: +20.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,148<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +10.6%)<\/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 c<\/strong><strong>r<\/strong><strong>ude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 72.70<\/p>\n<\/td>\n<td>\n<p>+2.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 4.39<\/p>\n<\/td>\n<td>\n<p>+4.2%<\/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>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,819.50<\/p>\n<\/td>\n<td>\n<p>+1.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 48,968.64<\/p>\n<\/td>\n<td>\n<p>+0.16% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 0.6% at Thursday\u2019s close<\/strong> on turnover of EGP 2.29 bn (37.2% above the 90-day average). Local investors were net sellers. The index is up 2.6% YTD.<\/p><p><strong>In the green: <\/strong>Mopco (+8.8%), Pioneers Holding (+5.4%) and Heliopolis Housing (+4.3%).<\/p><p><strong>In the red: <\/strong>Egyptian Resorts Company (-4.4%), Fawry (-2.2%) and Ibnsina Pharma (-1.9%).<\/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\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/adx\/\">ADX<\/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                          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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/opec\/\">OPEC<\/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\/sec\/\">SEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/stocks-trading\/\">stocks trading<\/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=\"558847\" 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\/29\/your-essential-business-calendar-on-29-august-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-558847\" class=\"content-area-description single-story post-558847 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 <a href=\"https:\/\/www.paralympic.org\">Paralympics<\/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>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>4 September (Saturday): The first <a href=\"https:\/\/cyprus-mail.com\/2021\/08\/26\/first-cyprus-egypt-intergovernmental-summit-on-september-4\/\">Egypt-Cyprus Intergovernmental Summit<\/a> is taking place in Cairo.<\/p>\n<p>5 September (Sunday): The updated date for EGX listed companies to institute the new mechanism for calculating closing share prices. The deadline was previously 2 September.<\/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 \u2014 must be held by the first Thursday of October.<sup><\/sup><\/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 (Tuesday-Wednesday):<a href=\"https:\/\/africafintechsummit.com\">Africa fintech summit<\/a>, Cairo.<\/p>\n<p>26 November-<sup><\/sup>5 December (Friday-Sunday): <a href=\"https:\/\/www.facebook.com\/CairoFilms\/photos\/a.386668088207064\/1611462495727611\/\">The 43rd Cairo International Film Festival<\/a>.<\/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":558825,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-558824","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f532e115-dc94-4939-b6d2-afc896292988","teaser":"","photo_url":"https:\/\/ent.news\/2021\/8\/283.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>Cabinet OKs our Africa Finance Corporation membership, potentially unlocking big-ticket investments - 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\/cabinet-oks-our-africa-finance-corporation-membership-potentially-unlocking-big-ticket-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet OKs our Africa Finance Corporation membership, potentially unlocking big-ticket investments\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-oks-our-africa-finance-corporation-membership-potentially-unlocking-big-ticket-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:14:30+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\/283.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\/cabinet-oks-our-africa-finance-corporation-membership-potentially-unlocking-big-ticket-investments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-oks-our-africa-finance-corporation-membership-potentially-unlocking-big-ticket-investments\/\",\"name\":\"Cabinet OKs our Africa Finance Corporation membership, potentially unlocking big-ticket investments - 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