{"id":559558,"date":"2021-01-26T03:59:54","date_gmt":"2021-01-26T03:59:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=559558"},"modified":"2025-12-16T02:32:29","modified_gmt":"2025-12-16T02:32:29","slug":"a-news-day-slower-than-molasses-on-a-cold-winter-morning","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/a-news-day-slower-than-molasses-on-a-cold-winter-morning\/","title":{"rendered":"A news day slower than molasses on a cold winter morning"},"content":{"rendered":"<section id=\"559560\" 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=\"559560\">\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\/01\/26\/what-were-tracking-on-26-january-2021\/\">\r\n                            What we\u2019re tracking on 26 January 2021                        <\/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\/01\/26\/what-were-tracking-on-26-january-2021\/\" 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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(<a href=\"https:\/\/www.ft.com\/content\/a790c796-f0c4-4cf9-8c7a-3b52daff89e4\">FT<\/a> and <a href=\"https:\/\/www.cnbc.com\/2021\/01\/25\/mania-in-stocks-like-gamestop-surging-options-activity-suggest-a-market-pullback-is-coming.html\">CNBC<\/a>)<\/li>\n<li>Former Fed boss <strong>Janet Yellen has won confirmation as Joe Biden\u2019s Treasury<\/strong> <strong>Secretary<\/strong>, becoming the first woman to hold the job. (<a href=\"https:\/\/www.wsj.com\/articles\/janet-yellen-confirmed-by-senate-to-serve-as-first-woman-treasury-secretary-11611617315?mod=hp_lead_pos3\">WSJ<\/a>)<\/li>\n<li><strong>The chief of PE outfit Apollo will quit<\/strong> after the company said he had paid USD 158 mn to pedophile Jeffrey Epstein for \u201ctax advice\u201d and other services. (<a href=\"https:\/\/www.nytimes.com\/2021\/01\/25\/business\/leon-black-apollo-jeffrey-epstein.html\">NYT<\/a>)<\/li>\n<\/ul><p><strong>KEEP AN EYE ON THIS- <\/strong>Struggling asset managers facing \u201crelentless\u201d pressure on margins could be <a href=\"https:\/\/www.ft.com\/content\/4d38b100-07de-400e-95b4-3199837ea044\">takeover targets in a wave of M&amp;A<\/a>, the Financial Times reports. Look for others to simply close shop and return remaining AUM to their clients.<\/p><p><strong>TURN OFF YOUR DAMN CAMERA- <\/strong>Are you still running your camera for Zoom meetings? It\u2019s killing the environment. One hour of videoconferencing \u201cemits up to 1kg of carbon dioxide, uses up to 12 litres of water, and requires a piece of land the size of an iPad Mini,\u201d <a href=\"https:\/\/petapixel.com\/2021\/01\/25\/turning-off-your-camera-on-a-zoom-call-helps-save-the-planet\/\">PetaPixel<\/a> writes, picking up on a report in the journal <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0921344920307072?via%3Dihub\">Resources, Conservation and Recycling<\/a>. <strong>Turning off your camera cuts that footprint by 96%. <\/strong>Nobody really needed to see your bookshelf anyway, right?<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>Foreign Minister Sameh Shoukry is due to brief the House later today on policy<\/strong>, according to <a href=\"https:\/\/bit.ly\/39fN7MZ\">Masrawy<\/a>. Civil Aviation Minister Mohamed Manar Enaba will also appear today.<\/p><p><strong>The Federal Reserve\u2019s two-day monetary policy meeting kicks off today.<\/strong> With the economic recovery and the pandemic still a concern, we can\u2019t see anything other than interest rates staying at rock bottom and its bond-buying program remaining in place.<\/p><p><strong>AmCham\u2019s Entrepreneurship and Innovation Committee is hosting a webinar <\/strong><strong>today on \u201cThe Power of Mentorship,\u201d<\/strong> with speakers including Zooba founder Chris Khalifa, Dar Al Mimar Group Chairman Ayman Ismail. The session will be moderated by Qalaa Holdings\u2019 Chief Sustainability and Marketing Officer Ghada Hammouda. <a href=\"http:\/\/bit.ly\/3iDKW9c\">Tap \/ click here<\/a> to register<\/p><p><strong>AUC\u2019s School of Business is hosting a <\/strong><strong><a href=\"http:\/\/bit.ly\/39MGReQ\">webinar<\/a><\/strong><strong> today on \u201cRethinking <\/strong><strong>Macroeconomics in the Digital Age\u201d<\/strong> to discuss how technological change is changing the way we think about macroeconomics, investment, training the labor force and access to finance. The event will feature Subir Lall, the IMF\u2019s deputy director of the Middle East and Central Asia Department. You can register for the webinar <a href=\"https:\/\/bit.ly\/3bX9AAu\">here<\/a>.<\/p><p><strong>A virtual roundtable titled \u201cCompetitive Advantages of <\/strong><strong>Sukuk\u201d <\/strong><strong><a href=\"https:\/\/bit.ly\/3ccMqX0\">takes place tomorrow<\/a><\/strong> featuring seven speakers discussing the components of a successful sukuk issuance, among other topics. Among the panelists: Our friend <strong>Bahaa Alieldean<\/strong>, managing partner at <a href=\"http:\/\/www.alc.law\/the-team\/team\/bahaa-ali-el-din-helal\/\">Alieldean Weshahi &amp; Partners<\/a>, Misr Capital CEO <strong>Khalil El Bawab<\/strong>, and <strong>Amr Hassanein<\/strong>, chairman of MERIS Ratings.<\/p><p><strong>Davos in the Desert<\/strong> kicks off at the <a href=\"https:\/\/futureinvestmentinitiative.com\/en\">Future Investment Initiative<\/a> in Riyadh tomorrow and runs through Thursday.<\/p><p><strong>Further afield: This year\u2019s Egypt Petroleum Show will kick off on Monday, 31 May<\/strong> at the Egyptian International Exhibition Center. The three-day event will bring together senior execs from global oil and gas companies and energy government officials. You can download the event brochure <a href=\"https:\/\/www.egyps.com\/exhibition\/download-2021-event-brochure\/?utm_source=Adestra&amp;utm_medium=email&amp;CID=003D000002UIHn4IAH&amp;utm_campaign=Exprom%20-%20Contract%20signings&amp;utm_term=&amp;utm_content=7014G000001cOojQAE&amp;CNAME=Enterprise\">here<\/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><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>FROM THE OPENING DAY OF <\/strong><strong><a href=\"https:\/\/www.weforum.org\/events\/the-davos-agenda-2021\">VIRTUAL DAVOS<\/a><\/strong><strong>-<\/strong><\/p><p><strong>Chinese President Xi Jinping warned global leaders against \u201ca new cold war\u201d <\/strong>as US President Joe Biden looks to bolster alliances and counter China\u2019s growing influence around the world, according to <a href=\"https:\/\/www.france24.com\/en\/live-news\/20210125-china-s-xi-warns-davos-world-economic-forum-against-new-cold-war\">AFP<\/a>. \"To build small cliques or start a new Cold War, to reject, threaten or intimidate others... will only push the world into division,\" Jinping said in a speech during the ongoing virtual Davos forum. US-China relations have been marred by growing tensions in the four years of Donald Trump, mainly due to issues related to trade and tech.<\/p><p><strong>The US responded: <\/strong>The Biden administration views China as its strategic competitor but will approach China foreign policy \u201cwith patience,\u201d White House Press Secretary Jen Psaki said during a press briefing yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=vE6QvahYhgI\">watch a summary of the US' stance, runtime: 3:18<\/a> or Psaki\u2019s <a href=\"https:\/\/www.youtube.com\/watch?v=Nq5J4Hgxsnc\">full press briefing here<\/a>, runtime: 1:11:00).<\/p><p><strong>Jinping also called for a more muscular G20<\/strong> that allows for closer economic coordination between the world\u2019s strongest economies amid what he called a \u201crather shaky\u201d recovery from the pandemic, reports <a href=\"https:\/\/www.reuters.com\/article\/us-davos-meeting-xi-jinping\/chinas-xi-calls-for-greater-role-for-g20-in-economic-governance-idUSKBN29U1BM?il=0\">Reuters<\/a>.<\/p><p><strong>Star Wars, Episode LX: <\/strong><a href=\"https:\/\/www.nytimes.com\/2021\/01\/24\/us\/politics\/trump-biden-pentagon-space-missiles-satellite.html\">The Sino-American competition is also heating up in space<\/a>, the New York Times warns in a piece the nerds among us will appreciate.<\/p><p><strong>ON DAY 2:<\/strong> Panel discussions will cover stakeholder capitalism, covid-19 and climate change, while German Chancellor Angela Merkel, French President Emmanuel Macron, EU Commission President Ursula von der Leyen and South African President Cyril Ramaphosa will all give special addresses.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>GOOD NEWS for Canucks in Egypt <\/strong>(or for folks who are studying there \/ sending their offspring to study in the Great White North): Air Canada will begin operating three weekly direct flights between Montreal and Cairo from 17 June until 29 October, reports <a href=\"https:\/\/airwaysmag.com\/airlines\/air-canada-to-cairo-egypt\/\">Airways Magazine<\/a>. The flights \u201cseasonal\u201d flights from Cairo to Montreal will run on Sunday, Wednesday, and Friday while Montreal to Cairo leg will fly on Saturday, Tuesday, Thursday. The flights can now be booked through Air Canada\u2019s <a href=\"https:\/\/www.aircanada.com\/content\/aircanada\/ca\/en\/aco\/home.html\">website<\/a>. <strong>The CAI-YUL flight is AC075 <\/strong>and the first one that shows on Air Canada\u2019s website departs on 18 June at noon and touches down in Montreal at 5pm.<\/p><p><strong>PSA #1- Businesses have until 31 January (next Sunday) to file wage tax returns for 2020<\/strong> including separate filings for the first and second halves of the year. Sole traders and folks who generate income from outside of their day job will also need to file electronically for the first time. Taxpayers who use the electronic filing and payment system will pay an annual fee of EGP 325, the Finance Ministry said in a decree <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2240428\">published this week<\/a>.<\/p><p><strong>PSA #2- Time is running out if you haven\u2019t paid income, value-added, or real estate taxes<\/strong><strong> and want to settle up without all the late fees.<\/strong> Late taxpayers are still eligible for a 50% exemption on interest fees and late penalties until 12 February under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ddb3ee90-21ad-4399-b893-acd41317dd44\">a bill<\/a> passed last year, Tax Authority boss Reda Abdel Kader said last week, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21012021&amp;id=77f4f7a1-57f4-4d53-b82c-f66c8f64fbc1\">Al Shorouk<\/a>.<\/p><p><strong>MORNING MUST-READ- <\/strong><\/p><p><strong>Family businesses tend to do well in times of crisis \u2014 and covid was no <\/strong><strong>exception: <\/strong>Family-run businesses tend to \u201cembody the best of corporate behavior\u201d by taking the long view, while keeping relatively more frugal than bigger firms, avoiding flashy acquisitions, and innovating, writes <a href=\"https:\/\/www.ft.com\/content\/acb9d0c3-bbfc-471d-9d66-9c37d482ab1f\">the Financial Times<\/a>\u2019 Pilita Clark. Insolvency rates among big and small family businesses were lower in the UK after the 2008 financial crisis, and anecdotal evidence Clark has come across suggests that the same trend will hold up throughout the pandemic. Family firms are estimated to account for 85% of the world\u2019s companies, from small corner stores to large conglomerates such as Mars.<\/p><p><strong>The once-ailing diamond industry is roaring back to life as the pandemic has <\/strong><strong>shifted luxury spending away from travel and back to jewelry<\/strong>, especially in the US and China, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-24\/diamond-trade-is-roaring-back-thanks-to-stuck-at-home-shoppers?srnd=premium-middle-east\">Bloomberg<\/a>reports. Online shopping for diamonds is fueling demand, which has been stagnant at about USD 80 bn per year for the past five years.<\/p><hr class=\"grey-line\"><p><strong>Our friends at MagicCube have become the first startup to be appointed to the board of <\/strong><strong>the <\/strong><strong><a href=\"https:\/\/www.pcisecuritystandards.org\/\">PCI Security Standards Council<\/a><\/strong>, the company said in <a href=\"https:\/\/en.wikipedia.org\/wiki\/Payment_Card_Industry_Security_Standards_Council\">a statement<\/a> this week. Comprised of America\u2019s largest payments companies \u2014 from Apple to Google, Citi to Amazon \u2014 the council determines standards for payment security industry.<\/p><p><strong>*** Check out <\/strong><strong><a href=\"https:\/\/enterprise.press\/podcasts\/making-season-three-magiccube-trailer\/\">the episode of our podcast Making It<\/a><\/strong>, where we sat down with MagicCube founders Hisham Shawki and Nancy Zayed about their journey in the industry.<\/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\/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\/davos\/\">Davos<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-ministry\/\">Foreign Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-policy\/\">foreign policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/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\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-china-trade-war\/\">US-China trade war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-economic-forum\/\">World Economic Forum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/xi-jinping\/\">Xi Jinping<\/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=\"559561\" 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=\"559561\">\r\n           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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=\"559562\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/our-covid-resilience-is-declining-according-to-bloomberg\/\">\r\n                            Our covid resilience is declining, according to Bloomberg                        <\/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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    <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/our-covid-resilience-is-declining-according-to-bloomberg\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/320.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"559563\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/our-covid-resilience-is-declining-according-to-bloomberg\/320-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/320.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"320.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/320.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/320.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559562\" class=\"content-area-description single-story post-559562 post type-post status-publish format-standard has-post-thumbnail hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-israel tag-moderna tag-pfizer tag-south-africa tag-uae tag-uk tag-vaccines tag-world-health-organization 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 now ranked 47 on <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/graphics\/covid-resilience-ranking\/?sref=mmeFTDW1\">Bloomberg\u2019s<\/a><\/strong><strong> Covid Resilience ranking after falling 23 <\/strong><strong>spots in January<\/strong>, down from the 24th spot <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0bada385-0b6e-46c7-907e-9f39628acef1\">in December<\/a>, on the back of \u201crelatively flat outlooks for 2021 GDP growth from a high base of comparison in 2020.\u201d The ranking, which is \u201ca measure of the best places to be in the coronavirus era\u201d by looking at a country\u2019s metrics such as monthly cases and fatality rates, percentage of the population covered by vaccine supply agreements, the strength of its healthcare system, and GDP growth forecasts. New Zealand, Singapore, and Australia snagged the top three spots, while Mexico and South Africa came at the bottom of the list.<\/p>\n<p><strong>Pfizer and BioNTech will provide 40 mn covid-19 vaccine doses to global vaccine <\/strong><strong>alliance Gavi\u2019s Covax scheme<\/strong> under an advance purchase agreement, the World Health Organization announced in <a href=\"https:\/\/www.who.int\/news\/item\/22-01-2021-covax-announces-new-agreement-plans-for-first-deliveries\">a statement<\/a>. Covax will also receive almost 100 of the 150 mn doses of the Oxford AstraZeneca vaccine through an agreement with Serum Institute of India in the first quarter of the year, and will begin delivery of vaccines to eligible countries in February. <strong>Egypt <\/strong><strong>is on course to <\/strong><strong>receive 40 mn doses \u2014 enough for 20 mn people \u2014 from Gavi in the coming months.<\/strong><\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/299128581637761\">reported<\/a><\/strong><strong> 669 new covid-19 infections yesterday<\/strong>, down from 674 the day before. The ministry also reported 53 new deaths, bringing the country\u2019s total death toll to 9,012. Egypt has now disclosed a total of 162,486 confirmed cases of covid-19.<\/p>\n<p><strong>The Education Ministry has no plans to abandon next month\u2019s midterms or push them to <\/strong><strong>May<\/strong>, Minister Tarek Shawki <a href=\"https:\/\/www.facebook.com\/Tarek.Shawki.0\/posts\/238689117827336\">wrote on Facebook<\/a> in response to rumors circulating online.<\/p>\n<p><strong>The death of Islamic preacher Abla El Kahlawi after a struggle with the coronavirus <\/strong><strong>received blanket coverage on the talk shows <\/strong>after First Lady Entissar El Sisi posted a tribute to her on social media: Al Hayah Al Youm <a href=\"https:\/\/www.youtube.com\/watch?v=r2dAalBa0mU\">(watch, runtime: 2:49)<\/a>, Masaa DMC <a href=\"https:\/\/www.youtube.com\/watch?v=SXAaLFHxP1o\">(watch, runtime: 9:57)<\/a> and El Hekaya <a href=\"https:\/\/www.youtube.com\/watch?v=pTz44IVj8uQ\">(watch, runtime: 11:45)<\/a> all took note. Al Hayah Al Youm's Lobna Assal rehashed the <strong>details of Egypt\u2019s vaccine program<\/strong> in an interview with Health Ministry advisor Noha Assem <a href=\"https:\/\/www.youtube.com\/watch?v=Ti5nO8Be0TQ&t=180s\">(watch, runyime: 13:10)<\/a>.<\/p>\n<p><strong>COVID ABROAD-<\/strong><\/p>\n<p><strong>Small countries pushing full steam ahead with their vaccine rollouts are seeing<\/strong><strong> greater economic gains than bigger, wealthier nations. <\/strong>Israel\u2019s benchmark index is already up 6.6% YTD, outperforming both the S&P 500 and the Euro Stoxx Index, while the Dubai Financial Market General Index climbed 9.3% YTD, nearly reversing its 10% slump in 2020, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-24\/leaders-of-vaccine-rollout-deliver-world-beating-market-gains?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. So far, the UAE has given the jab to 20% of its population, while Israel has inoculated 30% of its residents \u2014 although officials are blatantly <a href=\"https:\/\/www.independent.co.uk\/news\/world\/middle-east\/coronavirus-vaccine-israel-palestinians-b1791884.html\">excluding Palestinians<\/a>. JPMorgan estimates that if the two countries sustain the speed of the rollouts, they could reach the threshold required for herd immunity by the middle of the year.<\/p>\n<p><strong>The delay in an equitable vaccine rollout is hurting the global economy<\/strong>, with advanced nations\u2019 bouncebacks likely to suffer if they do not help developing countries speed up their vaccination programs, the <a href=\"https:\/\/www.ft.com\/content\/53c668bc-1066-4d8c-8c8d-5d29ba34a06e\">Financial Times<\/a> reports, citing a World Health Organization report released yesterday. The report lays out a worst-case scenario that could see<strong> the global economy lose as much as USD 9.2 tn<\/strong> if developing countries do not also manage to vaccinate their populations this year. The WHO <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2ac65735-fb03-4c28-9756-bfbadb8ff7ff\">warned last week<\/a> of a \u201ccatastrophic moral failure\u201d as wealthier countries secured preferential access to vaccines via bilateral agreements.<\/p>\n<p><strong>Some countries are starting to freak out about the new South Africa variant:<\/strong> US President Joe Biden is planning to ban most non-citizens from entering if they\u2019ve recently been to South Africa to curb the spread of a new variant that is believed to have originated in South Africa, according to <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-usa-travel-exclusi-idUSKBN29T0P6\">Reuters<\/a>. Moderna <a href=\"https:\/\/investors.modernatx.com\/news-releases\/news-release-details\/moderna-covid-19-vaccine-retains-neutralizing-activity-against\">is making a vaccine booster<\/a> \u201cout of an abundance of caution\u201d after <strong><a href=\"https:\/\/www.biorxiv.org\/content\/10.1101\/2021.01.25.427948v1\">a study<\/a><\/strong> <strong>found that the jab could be less effective against the South African variant<\/strong>.<\/p>\n<p><strong>And hedgies are sounding the alarm<\/strong><strong>:<\/strong> One of the world\u2019s largest macro hedge funds has warned that the covid variant discovered in the UK could cause greater disruption to the European economy than investors and policymakers currently realise. Element Capital believes that European growth forecasts should be scaled back as the variant, shown to be more transmissible than the original virus, spreads across the continent, <a href=\"https:\/\/www.ft.com\/content\/6c1b58fd-615d-493c-9b0c-6673d94dd8f9\">the Financial Times<\/a> reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moderna\/\">Moderna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-africa\/\">South Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"559564\" 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=\"559564\">\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\">SENTIMENT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/can-egyptian-equities-piggyback-on-the-em-rally\/\">\r\n                            Can Egyptian equities piggyback on the EM rally?                        <\/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\/01\/26\/can-egyptian-equities-piggyback-on-the-em-rally\/\" 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\/01\/26\/can-egyptian-equities-piggyback-on-the-em-rally\/')\">\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\/01\/26\/can-egyptian-equities-piggyback-on-the-em-rally\/\">\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=Can Egyptian equities piggyback on the EM rally?&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/can-egyptian-equities-piggyback-on-the-em-rally\/\">\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\/01\/26\/can-egyptian-equities-piggyback-on-the-em-rally\/&title=Can Egyptian equities piggyback on the EM rally?\">\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=Can+Egyptian+equities+piggyback+on+the+EM+rally%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fcan-egyptian-equities-piggyback-on-the-em-rally%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\/01\/26\/can-egyptian-equities-piggyback-on-the-em-rally\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/321.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"559565\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/can-egyptian-equities-piggyback-on-the-em-rally\/321-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/321.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"321.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/321.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/321.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559564\" class=\"content-area-description single-story post-559564 post type-post status-publish format-standard has-post-thumbnail hentry category-sentiment tag-capital-markets tag-covid-19 tag-economy tag-emerging-markets tag-enterpriseam tag-renaissance-capital tag-sentiment 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>Are we about to get a piece of this rally in EM equities? Maybe, says RenCap:<\/strong> A strong rebound in equity inflows to emerging markets could spill over to Egypt, potentially reversing the 2020 trend that saw foreign institutional investors firmly positioned as net sellers every month on the EGX, Renaissance Capital\u2019s head of MENA research Ahmed Hafez said in a note yesterday.<\/p>\n<p><strong>EM stocks have been on a tear in past weeks:<\/strong> The MSCI Emerging Markets Index <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-08\/fastest-rally-in-history-takes-emerging-market-stocks-to-record?sref=mmeFTDW1\">rose to<\/a><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-08\/fastest-rally-in-history-takes-emerging-market-stocks-to-record?sref=mmeFTDW1\"><\/a><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-08\/fastest-rally-in-history-takes-emerging-market-stocks-to-record?sref=mmeFTDW1\">record levels earlier this month<\/a> as optimism over the global vaccine rollout, Joe Biden\u2019s victory in the US elections, and central bank stimulus caused a surge in risk-on sentiment.<\/p>\n<p><strong>Egypt is yet to reap the benefits, but valuations could prove attractive: <\/strong>\u201cWhile we are neutral [on] Egypt in our allocation as it does not benefit from the same currency rebound story as other EMs, some inflows could still find their way to the market \u2026 on the back of <strong>what seems like the widest valuation gap in years<\/strong>,\u201d Hafez says. Foreign investors had snapped up EGP 606 mn-worth of stocks in Egypt by the end of the first two weeks of January, he noted.<\/p>\n<p><strong>Also bolstering the Egypt story: <\/strong>RenCap believes that the worst of the second wave may already be behind us. Daily reported cases have (for the most part) been in decline since 1 January, and with the launch of the country\u2019s vaccination program earlier this week. Business activity also seems to have experienced \u201cfar less disruption\u201d in the second wave than it did in the first wave, which saw a nationwide curfew and much more stringent measures to curb the spread of the disease, Hafez notes.<\/p>\n<p><strong>This comes after a not-great year for foreign inflows to the EGX:<\/strong> Foreign investors were net sellers every month last year, offloading EGP 18.9 bn of stocks over the 12 months. This took foreign holdings down to the lowest levels seen in years, falling from USD 2.87 bn (6.1% of market cap) to USD 1.2 bn (2.7%) as of September 2020.<\/p>\n<p><strong>The benchmark EGX30 is up just over 6% year-to-date.<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renaissance-capital\/\">Renaissance Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sentiment\/\">SENTIMENT<\/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=\"559566\" 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=\"559566\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/an-acquisition-here-a-stake-sale-there\/\">\r\n                            An acquisition here, a stake sale there \u2026                        <\/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\/01\/26\/an-acquisition-here-a-stake-sale-there\/\" 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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Hilal <a href=\"http:\/\/bit.ly\/3pf273y\">later confirmed<\/a> that Suez Cement\u2019s representatives had resigned from the board.<\/p>\n<p><strong>A product of the cement crisis:<\/strong> Suez Cement had been a majority shareholder in the Kuwaiti firm since 2007 but <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40646567-7443-49e3-8b63-ab1023dd965b\">tumult in the Egyptian cement industry<\/a> forced it to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1b2b877-6803-49e1-987d-041815125221\">announce last March<\/a> that it was looking to sell up. The oversupply crisis that has been plaguing the sector for years resulted in the company\u2019s Tourah plant <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/18\/heidelbergs-tourah-cement-suspends-production-considers-liquidation-amid-losses\/\">shutting down production in 2019<\/a>, contributing to a EGP 1.2 bn loss.<\/p>\n<p><strong>Meanwhile, Suez subsidiary Tourah Cement has bought back more than 3 mn shares worth a combined EGP 22.5 mn from its shareholders<\/strong>, the company said in a disclosure to <a href=\"https:\/\/bit.ly\/36cROp5\">the EGX<\/a>. The share buyback comes as part of the mandatory tender offer Suez <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ecfddc2-7505-45b5-8a68-cb86276bf14f\">launched<\/a> for Tourah last year after Suez\u2019s German parent company, HeidelbergCement, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de85716b-4f7a-4be9-a9d2-ea4b0179491b\">lodged<\/a> an MTO to acquire 100% of Suez.<\/p>\n<p><strong>Heidelberg Cement will now take Suez private:<\/strong> Both Suez and Tourah announced plans to delist their shares on the EGX <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/012a3e7f-30f4-4a21-9201-570102aeaef4\">in December<\/a> following the completion of the MTOs.<\/p>\n<p><strong>OTHER M&A NEWS-<\/strong><\/p>\n<p><strong>Speed Medical completed its <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1d8ade70-9cc8-41af-8041-4e6ffb13e4e3\">purchase<\/a><\/strong><strong> of Misr Laboratories\u2019 Beni Suef<\/strong><strong> branches <\/strong><strong>yesterday after signing the final contracts<\/strong>, according to an <a href=\"https:\/\/ent.news\/2021\/1\/Speed-Medical-Beni-Suef.pdf\">EGX disclosure (pdf)<\/a>. The company is also preparing to sign the final agreements to buy 100% of Al Hayat Labs and 50% of City Lab, according to the statement. Speed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5d8b082-3b52-412a-95c9-35e4d5bb02b9\">previously said<\/a> it planned to acquire 100% of City Lab.<\/p>\n<p><strong>Not moving ahead: Speed\u2019s <\/strong><strong>plan to establish a healthcare facilities management company<\/strong>, it announced in a <a href=\"https:\/\/ent.news\/2021\/1\/%D8%B3%D8%A8%D9%8A%D8%AF-%D9%85%D8%AC%D9%84%D8%B3-25-01-2021.pdf\">separate disclosure (pdf)<\/a>. The company said it was scrapping the plan so as not to create conflict with Saudi Healthcare player Ela, with whom it signed an <a href=\"https:\/\/alborsaanews.com\/2021\/01\/25\/1414912\">MoU signed last month<\/a> to establish medical facilities in North Africa.<\/p>\n<p><strong>Raya Electronics, Distribution acquire i2 and Saudi\u2019s URC:<\/strong> Raya Electronics and Raya Distribution acquired 99.95% of Itsalat International Egypt (<a href=\"https:\/\/www.i2-stores.com\/\">i2<\/a>) at EGP 106.8 per share. The Raya Holdings subsidiaries will also repay a shareholder loan worth EGP 78 mn as part of the acquisition agreement. The duo also acquired 100% of the Saudi-based United Retail Company (<a href=\"https:\/\/www.linkedin.com\/company\/united-retail-co-\/about\/\">URC<\/a>) at EGP 350 per share, the parent company said in a <a href=\"https:\/\/ent.news\/2021\/1\/Raya-i2-URC.pdf\">disclosure (pdf)<\/a>.<\/p>\n<p><strong>Advisors:<\/strong> Elite Consultancy House acted as financial advisor and conducted the fair value assessment of i2 and URC.<\/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\/cement\/\">cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-medical\/\">Speed Medical<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-cement\/\">Suez Cement<\/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=\"559568\" 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=\"559568\">\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\">Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/\">\r\n                            Of gold exploration and taking advantage of Turkey on citrus exports                        <\/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\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/\" 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\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/')\">\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\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/\">\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=Of gold exploration and taking advantage of Turkey on citrus exports&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/\">\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\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/&title=Of gold exploration and taking advantage of Turkey on citrus exports\">\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=Of+gold+exploration+and+taking+advantage+of+Turkey+on+citrus+exports+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fof-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports%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\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/327.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"559569\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/327-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/327.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"327.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/327.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/327.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559568\" class=\"content-area-description single-story post-559568 post type-post status-publish format-standard has-post-thumbnail hentry category-commodities tag-akh-gold tag-altus-strategies tag-commodities tag-eastern-desert tag-egyptian-mineral-resources-authority tag-enterpriseam tag-la-mancha tag-mineral-resources-act tag-mining tag-oil-ministry tag-tarek-el-molla wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong><a href=\"https:\/\/www.altus-strategies.com\/\">Altus Strategies<\/a><\/strong><strong> subsidiary Akh Gold<\/strong><strong> expects to land an unspecified number<\/strong><strong> of<\/strong><strong> gold exploration licenses in the Eastern Desert<\/strong> from the Egyptian Mineral Resources Authority, according to a company <a href=\"https:\/\/finance.yahoo.com\/news\/altus-expands-activities-egypt-award-120000259.html\">statement<\/a>. The UK-based mining firm was one of 11 companies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72010319-5236-4436-851b-4b55455f42ff\">to land exploration rights<\/a> to 82 concession blocks in the Eastern Desert in a tender <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b6dc75f-f325-4023-ac97-64fff07b8999\">launched last March<\/a>.<\/p>\n<p><strong>Mineral Resources Act, La Mancha\u2019s investments bolstered Altus\u2019 position on Egypt:<\/strong> \u201cOur decision to expand our activities into Egypt follows the strategic <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/06\/sawiris-la-mancha-plans-gbp-6-6-mn-investment-in-altus-strategies\/\">investment by Egyptian-owned La Mancha<\/a>, which acquired a 35% interest in Altus in February 2020, and follows favourable amendments to the Egyptian Mineral Resources Act,\u201d said Altus Chief Executive Steve Poulton. <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/11\/mineral-resources-act-amendments-set-for-parliamentary-approval-before-summer-recess\/\">The amendments<\/a> offering investors <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/11\/mineral-resources-act-amendments-set-for-parliamentary-approval-before-summer-recess\/\">more attractive terms<\/a> were approved in 2019, and Oil Minister Tarek El Molla had announced that Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b6dc75f-f325-4023-ac97-64fff07b8999\">would issue a new gold exploration tender<\/a> every four months.<\/p>\n<p><strong>A busy week for mining:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eb4b0133-b988-4f7f-8c99-1bca7292f39b\">The government announced<\/a> earlier this week that it had signed contracts worth USD 13 bn with Canada\u2019s <a href=\"http:\/\/lotusgold.ca\/\">Lotus Gold<\/a>, Mining and Manufacturing Company (MEDAF), and Egypt\u2019s Ebdaa for Gold as part of the results of the same tender.<\/p>\n<p><strong>OTHER COMMODITIES NEWS-<\/strong><\/p>\n<p><strong>An expected dip in Spain and Turkey\u2019s capacity for citrus exports has created a<\/strong><strong> gap Egypt is primed to fill<\/strong> in Far East markets, including India, and more European countries, Gehan El Sheref, a specialist for Egyptian agriculture exporter El Rawan, tells <a href=\"https:\/\/www.freshplaza.com\/article\/9287393\/there-s-a-chance-for-egyptian-citrus-to-enter-big-markets-in-the-far-east\/\">FreshPlaza<\/a>. Spain and Turkey, two of Egypt\u2019s major competitors in the citrus industry, are grappling with lockdowns, bad weather, and decreased volumes, while demand for the produce hasn\u2019t wavered during the pandemic, El Sheref says. While movement in Western Europe and China was a bit slower, overall demand from markets such as in Russia and Gulf countries increased compared to 2019. Egypt exported around 60k tonnes of citrus last year and the number is expected to increase by 10% for the upcoming season, she added.<\/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\/akh-gold\/\">AKH Gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-desert\/\">Eastern Desert<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-mineral-resources-authority\/\">Egyptian Mineral Resources Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/la-mancha\/\">La Mancha<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mineral-resources-act\/\">Mineral Resources Act<\/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\/oil-ministry\/\">Oil Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-el-molla\/\">Tarek El Molla<\/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=\"559570\" 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=\"559570\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/nbe-to-help-fund-abu-qir-port-expansion\/\">\r\n                            NBE to help fund Abu Qir port expansion                        <\/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\/01\/26\/nbe-to-help-fund-abu-qir-port-expansion\/\" 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\/01\/26\/nbe-to-help-fund-abu-qir-port-expansion\/')\">\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\/01\/26\/nbe-to-help-fund-abu-qir-port-expansion\/\">\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 to help fund Abu Qir port expansion&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/nbe-to-help-fund-abu-qir-port-expansion\/\">\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\/01\/26\/nbe-to-help-fund-abu-qir-port-expansion\/&title=NBE to help fund Abu Qir port expansion\">\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+to+help+fund+Abu+Qir+port+expansion+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fnbe-to-help-fund-abu-qir-port-expansion%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\/01\/26\/nbe-to-help-fund-abu-qir-port-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559570\" class=\"content-area-description single-story post-559570 post type-post status-publish format-standard hentry category-debt-watch tag-alexbank tag-debt-watch tag-enterpriseam tag-export-development-bank-of-egypt tag-infrastructure tag-national-bank-of-egypt tag-suez-canal-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>The National Bank of Egypt (NBE) is leading a EGP 7.5 bn syndicated loan to <\/strong><strong>finance the building of a new shipping container terminal at Abu Qir port<\/strong>, <a href=\"https:\/\/bit.ly\/3a4Hnox\">Al Mal<\/a>, citing anonymous sources. The state-owned bank will act as the lead arranger for the loan, with a syndicate of banks that is expected to include the Bank of Alexandria, Suez Canal Bank, and the Export Development Bank of Egypt. Contracts are expected to be signed by the end of 1Q2021, sources said. The same syndicate of banks had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/510fb761-11b7-4c5a-8cdb-6b1b17a33727\">granted an EGP 3.8 bn loan<\/a> earlier this month to Gharably Integrated Engineering Company for the upgrade of the Abu Qir port.<\/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\/alexbank\/\">Alexbank<\/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\/export-development-bank-of-egypt\/\">Export Development Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/suez-canal-bank\/\">Suez Canal Bank<\/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=\"559571\" 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=\"559571\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/house-planning-committee-getting-busy-with-tax-spending-legislation\/\">\r\n                            House Planning Committee getting busy with tax, spending legislation                        <\/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\/01\/26\/house-planning-committee-getting-busy-with-tax-spending-legislation\/\" 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\/01\/26\/house-planning-committee-getting-busy-with-tax-spending-legislation\/')\">\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\/01\/26\/house-planning-committee-getting-busy-with-tax-spending-legislation\/\">\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=House Planning Committee getting busy with tax, spending legislation&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/house-planning-committee-getting-busy-with-tax-spending-legislation\/\">\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\/01\/26\/house-planning-committee-getting-busy-with-tax-spending-legislation\/&title=House Planning Committee getting busy with tax, spending legislation\">\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=House+Planning+Committee+getting+busy+with+tax%2C+spending+legislation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fhouse-planning-committee-getting-busy-with-tax-spending-legislation%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\/01\/26\/house-planning-committee-getting-busy-with-tax-spending-legislation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/328.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"559572\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/house-planning-committee-getting-busy-with-tax-spending-legislation\/328-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/328.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"328.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/328.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/328.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559571\" class=\"content-area-description single-story post-559571 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-commodities tag-enterpriseam tag-eurobonds tag-fy2020-2021-budget tag-informal-economy tag-labor tag-legislation-watch tag-social-welfare tag-tahya-misr-fund tag-vat tag-vat-act 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>Importers of strategic commodities are a step closer to seeing VAT on <\/strong><strong>shipping costs scrapped<\/strong> after the House Planning and Budgeting Committee <a href=\"https:\/\/bit.ly\/39eN6sW\">yesterday approved<\/a> amendments to the VAT Act. The changes would remove VAT paid on freight costs for strategic goods including legumes, grains, table salt, and spices. The changes were greenlit by the Madbouly Cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7626ca3e-5916-40d1-b95d-87da6b792742\">in November<\/a>.<\/p>\n<p><strong>This isn\u2019t the only VAT change in the pipeline: <\/strong>Other amendments, which received cabinet approval in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/976a0bd2-9def-4208-8eed-a9bcee2355be\">October<\/a>, would end VAT exemptions for products including crackers and sweet pastries as well as commercial and administrative real estate. It\u2019s not clear when the committee will discuss these changes.<\/p>\n<p><strong>Exempting eurobonds, Tahya Misr from fees and taxes: <\/strong>The committee gave a nod to a bill <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7151a586-b7e8-4766-93ff-a2d9865543ce\">to exempt<\/a> capital gains made from trading government treasuries that were sold on international debt markets from fees and taxes, <a href=\"https:\/\/bit.ly\/3iTaPCc\">Al Shorouk<\/a> reported. State-controlled Tahya Misr Fund would also be tax-exempt from taxes and fees on gains it makes or loans and credit lines it takes out under another bill that earned committee-level approval, according to the newspaper.<\/p>\n<p><strong>Also approved by the committee:<\/strong> A EGP 2 bn overdraft for the FY2020-2021 state budget to help finance measures to prop up the economy and certain sectors amid the fallout from the pandemic which was approved by cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ef08409-5977-4816-915a-9daf6cf04c63\">last week<\/a>.<\/p>\n<p><strong>IN THE PIPELINE-<\/strong><\/p>\n<p><strong>A new pension fund for day laborers?<\/strong> A joint parliamentary committee will consider a draft social security bill that would establish a fund to pay out ins. and provide pensions for informal laborers, <a href=\"https:\/\/bit.ly\/3sTEorE\">Masrawy<\/a>reports. The proposals, which were referred to the committee by the House speaker yesterday, would see workers over 65 years\u2019 old receive a pension \u2014 provided they pay in for 10 years \u2014 and ins coverage.<\/p>\n<p><strong>The government has stepped up its support for informal workers<\/strong> in light of covid-19\u2019s effect on the economy, the government has spent <a href=\"https:\/\/bit.ly\/3ojyFYT\">EGP 1.5 bn<\/a> on a series of EGP 500 stipends for day laborers, which were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/ca2da4bc-6115-491a-b9ad-afe0558f1045\">introduced last March<\/a> but have been extended into this year. Rather than an emergency handout, this bill could act as a parallel pension system, providing long term social security to those employed in the informal economy, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b511e412-d50c-4f53-8f17-55c458dfe379\">an estimated 30%<\/a> of all labor in Egypt.<\/p>\n<p><strong>Helping out nonprofit hospitals:<\/strong> Non-profit private hospitals (including the 57357 children\u2019s cancer hospital) could see their utility bills slashed by 75% under a law <a href=\"https:\/\/bit.ly\/3c75S7n\">proposed<\/a> by House Rep. Ayman Abouel Ela yesterday.<\/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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eurobonds\/\">eurobonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fy2020-2021-budget\/\">FY2020-2021 budget<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/informal-economy\/\">informal economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-welfare\/\">social welfare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tahya-misr-fund\/\">Tahya Misr Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vat\/\">VAT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vat-act\/\">VAT Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"559573\" 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=\"559573\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/559573\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559573\" class=\"content-area-description single-story post-559573 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\/2020\/12\/Sodic-Karmell-Amina-Khalil-16.12.20-1600px.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=\"559574\" 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=\"559574\">\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\">ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/egypt-retains-position-in-adsl-mobile-internet-speeds\/\">\r\n                            Egypt retains position in ADSL, mobile internet speeds                        <\/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\/01\/26\/egypt-retains-position-in-adsl-mobile-internet-speeds\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Egypt retains position in ADSL, mobile internet speeds&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/egypt-retains-position-in-adsl-mobile-internet-speeds\/\">\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\/01\/26\/egypt-retains-position-in-adsl-mobile-internet-speeds\/&title=Egypt retains position in ADSL, mobile internet speeds\">\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+retains+position+in+ADSL%2C+mobile+internet+speeds+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fegypt-retains-position-in-adsl-mobile-internet-speeds%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\/01\/26\/egypt-retains-position-in-adsl-mobile-internet-speeds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559574\" class=\"content-area-description single-story post-559574 post type-post status-publish format-standard hentry category-ict tag-cit tag-enterpriseam tag-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt has retained its position in <\/strong><a href=\"https:\/\/www.speedtest.net\/global-index\">Speedtest\u2019s Monthly Global Index<\/a><strong> in December in <\/strong><strong>fixed broadband and mobile internet speeds.<\/strong> Egypt\u2019s ADSL speed of 34.88 Mbps keeps us at 92 out of 176 countries, while our mobile internet speed was recorded at 20.42 Mbps, leaving us at 102 out of 139 countries. In Egypt, <a href=\"https:\/\/bit.ly\/3a7zvCG\">c. 8.29 mn households<\/a> are subscribed to ADSL services out of a population of 100+ mn.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ict\/\">ICT<\/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=\"559575\" 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=\"559575\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/sherif-sousa-tapped-as-atons-new-egypt-country-manager\/\">\r\n                            Sherif Sousa tapped as Aton's new Egypt country manager                        <\/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\/01\/26\/sherif-sousa-tapped-as-atons-new-egypt-country-manager\/\" 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\/01\/26\/sherif-sousa-tapped-as-atons-new-egypt-country-manager\/')\">\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\/01\/26\/sherif-sousa-tapped-as-atons-new-egypt-country-manager\/\">\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=Sherif Sousa tapped as Aton's new Egypt country manager&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/sherif-sousa-tapped-as-atons-new-egypt-country-manager\/\">\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\/01\/26\/sherif-sousa-tapped-as-atons-new-egypt-country-manager\/&title=Sherif Sousa tapped as Aton's new Egypt country manager\">\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=Sherif+Sousa+tapped+as+Aton%27s+new+Egypt+country+manager+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fsherif-sousa-tapped-as-atons-new-egypt-country-manager%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\/01\/26\/sherif-sousa-tapped-as-atons-new-egypt-country-manager\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559575\" class=\"content-area-description single-story post-559575 post type-post status-publish format-standard hentry category-moves tag-aton-resources tag-egyptian-mineral-resources-authority tag-enterpriseam tag-gold tag-mining tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>MOVES<\/strong><strong>-<\/strong> Egypt-focused gold miner <strong>Aton Resources<\/strong> has appointed <strong>Sherif Sousa<\/strong> as its new <strong>Egypt country manager<\/strong>, the company said in <a href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/01\/25\/2163781\/0\/en\/Aton-Resources-Inc-Announces-the-Appointment-of-Dr-Sherif-Sousa-as-Its-Country-Manager-in-Egypt.html\">a statement<\/a> yesterday. Sousa has 40 years\u2019 experience working in the nation\u2019s oil and mining industries and served as the first chairman of the Egyptian Mineral Resources Authority between 2004 and 2006.<\/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\/aton-resources\/\">Aton Resources<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-mineral-resources-authority\/\">Egyptian Mineral Resources Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n         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data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"559577\" 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=\"559577\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/the-10th-anniversary-of-the-25-january-revolution-dominates-the-talk-shows\/\">\r\n                            The 10th anniversary of the 25 January revolution dominates the talk shows                        <\/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\/01\/26\/the-10th-anniversary-of-the-25-january-revolution-dominates-the-talk-shows\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=The+10th+anniversary+of+the+25+January+revolution+dominates+the+talk+shows+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fthe-10th-anniversary-of-the-25-january-revolution-dominates-the-talk-shows%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\/01\/26\/the-10th-anniversary-of-the-25-january-revolution-dominates-the-talk-shows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559577\" class=\"content-area-description single-story post-559577 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-25-january-revolution tag-abdel-fattah-el-sisi tag-covid-19 tag-enterpriseam tag-house-of-representatives tag-last-nights-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The 10-year anniversary dominated the airwaves last night<\/strong><strong>: <\/strong>Masaa DMC\u2019s Eman El Hosary interviewed journalist Emad El Din Adib, who said that the revolution revealed the bright side of the Egyptian people fighting for their rights, but suggested that the Ikhwan later undermined what they achieved <a href=\"https:\/\/www.youtube.com\/watch?v=uJ7C5xQqMhI\">(watch, runtime: 16:55)<\/a>, while Assal interviewed two MPs who said that the revolution empowered the youth to hold leadership positions <a href=\"https:\/\/www.youtube.com\/watch?v=TFRfCsc7TRY&t=2s\">(watch, runtime: 30: 09)<\/a>. On the flipside, Ala Mas\u2019ouleety\u2019s Ahmed Moussa phoned former head of the national security Hassan Abd El Rahman, who called it a \u201cbad memory in the history of Egypt\u201d <a href=\"https:\/\/www.youtube.com\/watch?v=dSR_-_NVg7Q\">(watch, runtime: 34:52)<\/a>, while El Hekaya\u2019s Amr Adib repeated charges that the uprising had been backed by the US to install the brotherhood into power <a href=\"https:\/\/www.youtube.com\/watch?v=xf1qR4KlIAY\">(watch, runtime: 25:49)<\/a>.<\/p>\n<p><strong>President Abdel Fattah El Sisi\u2019s speech to mark the day was picked up by all of the <\/strong><strong>talking heads: <\/strong>Kelma Akhira\u2019s Lamees El Hadidi <a href=\"https:\/\/www.youtube.com\/watch?v=gWvCAF_aV7k&t=2s\">(watch, runtime: 3:28)<\/a>, Al Hayah Al Youm's Lobna Assal <a href=\"https:\/\/www.youtube.com\/watch?v=EGxFz2vUNak\">(watch, runtime: 4:39)<\/a>, Masaa DMC\u2019s Eman El Hosary <a href=\"https:\/\/www.youtube.com\/watch?v=Vyk6K5ZmJ5U\">(watch, runtime: 5:32)<\/a> and Mas\u2019ouleety\u2019s Ahmed Moussa <a href=\"https:\/\/www.youtube.com\/watch?v=w38h6xgLhzU\">(watch, runtime: 6:58<\/a>.<\/p>\n<p><strong>It was Manpower Minister Mohamed Safaan\u2019s turn to face MPs yesterday: <\/strong>Assal spoke to MP Alaa Essam, who gave Safaan\u2019s record in the ministry a glowing review. The minister spoke about the EGP 1.5 bn in stipends handed to day laborers in response to the covid-19 crisis, some of the problems the ministry encountered in its attempts to boost youth employment and its role lso some inquiries, related to the Iron and Steel Company workers' and the ministry's role in digital transformation and protecting workers rights <a href=\"https:\/\/www.youtube.com\/watch?v=gPVE9ND9f9k\">(watch, runtime: 8:51)<\/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\/25-january-revolution\/\">25 January revolution<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"559578\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"559579\" 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=\"559579\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/egypt-in-the-news-on-26-january-2021\/\">\r\n                            Egypt in the News on 26 January 2021                        <\/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\/01\/26\/egypt-in-the-news-on-26-january-2021\/\" 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\/01\/26\/egypt-in-the-news-on-26-january-2021\/')\">\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\/01\/26\/egypt-in-the-news-on-26-january-2021\/\">\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 the News on 26 January 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/egypt-in-the-news-on-26-january-2021\/\">\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\/01\/26\/egypt-in-the-news-on-26-january-2021\/&title=Egypt in the News on 26 January 2021\">\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+the+News+on+26+January+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fegypt-in-the-news-on-26-january-2021%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\/01\/26\/egypt-in-the-news-on-26-january-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559579\" class=\"content-area-description single-story post-559579 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-25-january-revolution tag-arab-spring tag-art tag-economy tag-enterpriseam tag-giulio-regeni tag-italy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>The 2011 revolution dominates the conversation on Egypt in the <\/strong><strong>international press this<\/strong><strong> morning<\/strong><strong>:<\/strong> Marking the 10-year anniversary of the uprising, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-uprising-anniversary\/splintered-coalition-reflects-fate-of-egypts-uprising-a-decade-on-idUSKBN29U0A8\">Reuters<\/a> speaks to activists involved in the protests and <a href=\"https:\/\/www.dw.com\/en\/opinion-egypt-is-synonymous-with-hopelessness\/a-56316372\">Deutsche Welle<\/a> is running an op-ed by an anonymous exiled Egyptian disenfranchised with how things panned out. A journalist writes about her experiences at the protests for <a href=\"https:\/\/www.businessinsider.com\/diary-of-2011-egyptian-revolution-tahrir-square-2021-1\">Business Insider<\/a>, while Jack Shenker (writing for <a href=\"https:\/\/www.vice.com\/en\/article\/n7v9pd\/egypts-dystopia-is-a-lesson-for-the-world\">Vice<\/a>) and <a href=\"https:\/\/www.france24.com\/en\/middle-east\/20210125-egypt-s-revolution-10-years-on-dreams-of-a-better-future-largely-unfulfilled\">France 24<\/a> look at the state of the country 10 years later. And <a href=\"https:\/\/twitter.com\/hashtag\/25jan?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Ehashtag\">Twitter lit up<\/a> with images of Tahrir Square, riot police and crowds of demonstrators.<\/p>\n<p><strong>Cartoonist Ashraf Hamdi <\/strong><strong><a href=\"https:\/\/www.reuters.com\/article\/idUSKBN29U1NI\">was arrested<\/a><\/strong> <strong>yesterday<\/strong> for posting a video tribute to the protesters of Mohamed Mahmoud St., <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN29U1NI\">Reuters<\/a> reports.<\/p>\n<p><strong>The revolution also coincides with the fifth anniversary of Italian student Giulio<\/strong><strong> Regeni\u2019s disappearance.<\/strong> Italian President Sergio Matarella has called on Egypt to respond to Italy\u2019s allegations concerning Regeni\u2019s torture and death, Italian wire service <a href=\"https:\/\/bit.ly\/2Yaqkfx\">ANSA<\/a> reports. Meanwhile, <a href=\"https:\/\/www.amnesty.org\/en\/latest\/news\/2021\/01\/egypt-abused-and-denied-heath-care-prisoners-lives-at-risk\/\">Amnesty International<\/a> is calling for the improvement of prison conditions and healthcare for detainees.<\/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\/25-january-revolution\/\">25 January revolution<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-spring\/\">Arab Spring<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/art\/\">art<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giulio-regeni\/\">Giulio Regeni<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"559580\" 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=\"559580\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/also-on-our-radar-on-26-january-2021\/\">\r\n                            Also on our radar on 26 January 2021                        <\/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\/01\/26\/also-on-our-radar-on-26-january-2021\/\" 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\/01\/26\/also-on-our-radar-on-26-january-2021\/')\">\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\/01\/26\/also-on-our-radar-on-26-january-2021\/\">\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=Also on our radar on 26 January 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/also-on-our-radar-on-26-january-2021\/\">\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\/01\/26\/also-on-our-radar-on-26-january-2021\/&title=Also on our radar on 26 January 2021\">\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=Also+on+our+radar+on+26+January+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Falso-on-our-radar-on-26-january-2021%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\/01\/26\/also-on-our-radar-on-26-january-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559580\" class=\"content-area-description single-story post-559580 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-bechtel tag-capital-markets tag-egypt-aluminum tag-enterpriseam tag-new-administrative-capital tag-public-enterprises-ministry tag-public-sector tag-qatar-airways tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>An EGP 13 bn revamp at state-owned Egyptalum will see the state-owned <\/strong><strong>company upgrade its equipment<\/strong> to newer, more energy-efficient models as part of a plan to bring down the company\u2019s energy bill, which makes up 40% of production costs, according to a Public Enterprises Ministry <a href=\"https:\/\/bit.ly\/2Yffi8s\">statement<\/a>. American engineering firm Bechtel is on board to prepare the feasibility study, which should be complete in 1H2021, ahead of the project\u2019s implementation. Egyptalum began <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/13\/egyptalum-to-start-egp-7-bn-upgrade-project-in-early-2020-6258\/\">a EGP 7 bn project<\/a> to upgrade a production line in early 2020, as part of its <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/09\/egyptalum-estimates-expansion-project-at-egp-13-9-bn\/\">plan<\/a> to expand its annual production capacities to 570k tonnes. The company also received six proposals for a tender <a href=\"https:\/\/www.arabfinance.com\/en\/news\/details\/egypt-companies\/528029\">launched in November<\/a> for the consultancy services to develop the feasibility study for a car rims production line.<\/p>\n<p><strong>Another thing we\u2019re keeping an eye on this morning:<\/strong> <strong>Qatar Airways is <\/strong><strong><a href=\"https:\/\/www.hoteliermiddleeast.com\/news\/122591-qatar-airways-starts-headhunting-uae-egypt-talent\">actively looking<\/a><\/strong><strong> to hire a country manager for Egypt,<\/strong> and airport supervisors in the UAE, after it agreed to restore diplomatic ties with the two countries earlier this month.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bechtel\/\">Bechtel<\/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\/egypt-aluminum\/\">Egypt Aluminum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-ministry\/\">Public Enterprises Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-sector\/\">public sector<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar-airways\/\">Qatar Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"559581\" 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=\"559581\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/what-the-markets-are-doing-on-26-january-2021\/\">\r\n                            What the markets are doing on 26 January 2021                        <\/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\/01\/26\/what-the-markets-are-doing-on-26-january-2021\/\" 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\/01\/26\/what-the-markets-are-doing-on-26-january-2021\/')\">\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\/01\/26\/what-the-markets-are-doing-on-26-january-2021\/\">\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=What the markets are doing on 26 January 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/what-the-markets-are-doing-on-26-january-2021\/\">\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\/01\/26\/what-the-markets-are-doing-on-26-january-2021\/&title=What the markets are doing on 26 January 2021\">\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=What+the+markets+are+doing+on+26+January+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fwhat-the-markets-are-doing-on-26-january-2021%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\/01\/26\/what-the-markets-are-doing-on-26-january-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559581\" class=\"content-area-description single-story post-559581 post type-post status-publish format-standard hentry category-planet-finance tag-covid-19 tag-enterpriseam tag-financial-markets tag-hedge-funds tag-planet-finance tag-sp-500 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 pandemic gave the world\u2019s top hedge funds their best year in a decade: <\/strong>The all-time top 20 hedge fund managers made USD 63.5 bn from the covid-induced market crash last year, accounting for more than half of the industry\u2019s gains last year, according to LCH Investments data cited by <a href=\"https:\/\/www.reuters.com\/article\/us-hedgefunds-returns-idUSKBN29U00R\">Reuters<\/a>.<\/p><p><strong>But not everyone was able to read the tea leaves:<\/strong> The spectacular market sell-off in last March caused hedge fund earnings to fall to USD 127 bn during 2020 from USD 178 bn the year before. Among the losers was Ray Dalio\u2019s Bridgewater, which lost USD 12.1 bn in the crash.<\/p><p><strong>Corporate share buybacks are on a gradual rise in the US<\/strong> in a sign that big companies have more liquidity to spare after a fall in spending last year thanks to the pandemic, reports <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks-buybacks\/u-s-corporate-buybacks-are-on-the-rise-lifting-investor-hopes-idUSKBN29U18R?il=0\">Reuters<\/a>. Investors are cheering on from the sidelines, hopeful that the return of repurchases will put even more rocket fuel under the current market mania.<\/p><p><strong>We\u2019re still a fairly long way from reaching pre-pandemic levels though: <\/strong>S&amp;P 500 companies spent USD 116 bn on share buybacks in 4Q2020, an improvement from USD 102 bn in the previous quarter, but far below the USD 182 bn in 4Q2019.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\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>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,510<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +6.1%)<\/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 15.67<\/p>\n<\/td>\n<td>\n<p>Sell 15.77<\/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>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.68<\/p>\n<\/td>\n<td>\n<p>Sell 15.78<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>8,846<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: +1.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,617<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +11.4%)<\/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>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,723<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +9.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,855<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,638<\/p>\n<\/td>\n<td>\n<p>-0.8% (YTD: +2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 55.88<\/p>\n<\/td>\n<td>\n<p>+0.9%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.60<\/p>\n<\/td>\n<td>\n<p>-<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,857<\/p>\n<\/td>\n<td>\n<p>-0.1%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 32,580<\/p>\n<\/td>\n<td>\n<p>-0.2%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 fell 0.1% yesterday<\/strong> on turnover of EGP 1.6 bn (14.8% above the 90-day average). Foreign investors were net sellers. The index is up 6.1% YTD.<\/p><p><strong>In the green: <\/strong>Dice (+4.6%), Orascom Development Egypt (+2.6%) and Palm Hills (+2.6%).<\/p><p><strong>In the red: <\/strong>Eastern Company (-2.5%), GB Auto (-1.4%) and Ibnsina Pharma (-1.0%).<\/p><p><strong>Shares in China, Korea and Japan are in the red this morning<\/strong> while futures point to a weak opening in Europe in a few hours\u2019 time. Wall Street looks set to open in the red later today.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/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\/hedge-funds\/\">hedge funds<\/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\/sp-500\/\">S&amp;P 500<\/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=\"559582\" 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=\"559582\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/egypt-backs-aboul-gheit-for-second-arab-league-term\/\">\r\n                            Egypt backs Aboul Gheit for second Arab League term                        <\/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\/01\/26\/egypt-backs-aboul-gheit-for-second-arab-league-term\/\" 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\/01\/26\/egypt-backs-aboul-gheit-for-second-arab-league-term\/')\">\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\/01\/26\/egypt-backs-aboul-gheit-for-second-arab-league-term\/\">\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 backs Aboul Gheit for second Arab League term&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/egypt-backs-aboul-gheit-for-second-arab-league-term\/\">\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\/01\/26\/egypt-backs-aboul-gheit-for-second-arab-league-term\/&title=Egypt backs Aboul Gheit for second Arab League term\">\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+backs+Aboul+Gheit+for+second+Arab+League+term+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fegypt-backs-aboul-gheit-for-second-arab-league-term%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\/01\/26\/egypt-backs-aboul-gheit-for-second-arab-league-term\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559582\" class=\"content-area-description single-story post-559582 post type-post status-publish format-standard hentry category-around-the-world tag-ahmed-aboul-gheit tag-arab-league tag-around-the-world tag-donald-trump tag-enterpriseam tag-foreign-policy tag-joe-biden tag-protectionism tag-saudi-arabia tag-trade tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt plans to nominate Ahmed Aboul Gheit to serve a second five-year <\/strong><strong>term as secretary-general of the Arab League<\/strong>, Saudi\u2019s <a href=\"https:\/\/bit.ly\/39eNXK7\">Asharq News<\/a> reports, citing what it says are diplomatic sources. Egypt will make it official in the coming days, preparing for the March Arab League summit at which the next secretary general is to be appointed. If the summit faces covid-related delays, the nomination will be decided by Arab foreign ministers in a meeting before Aboul Gheit\u2019s term expires on 30 June. Aboul Gheit is a veteran diplomat and continues a long-standing tradition that has seen Egyptians hold the top position at the Arab League for most of its 76-year existence.<\/p>\n<p><strong>The wheels are officially in motion towards a second Trump impeachment trial<\/strong>, after House impeachment managers yesterday delivered the charges to the Senate, <a href=\"https:\/\/edition.cnn.com\/2021\/01\/25\/politics\/impeachment-article-senate-house\/index.html\">CNN<\/a> reports. Senators <a href=\"https:\/\/www.euronews.com\/2021\/01\/23\/senate-agrees-to-delay-trump-impeachment-trial-to-february-8\">agreed last week<\/a> to delay the trial until 8 February to allow President Joe Biden to finish staffing his administration.<\/p>\n<p><strong>The Biden administration won\u2019t necessarily spell the end of Trump-era<\/strong> <strong>protectionism:<\/strong> President Joe Biden signed an signed an executive action yesterday requiring the government to award more federal contracts to local manufacturers \u2014 a move that risks souring relations with some of its key allies, which regard the \u201cbuy American\u201d rules as an attempt to block their companies from the US market. <a href=\"https:\/\/www.npr.org\/sections\/president-biden-takes-office\/2021\/01\/25\/960201852\/biden-aims-to-close-loopholes-in-federal-buy-american-provisions\">NPR<\/a> and <a href=\"https:\/\/www.wsj.com\/articles\/bidens-buy-american-plan-eyed-warily-by-other-countries-11611493200\">the Wall Street Journal<\/a> have more.<\/p>\n<p><strong>Saudi-led forces at war with the Houthis in Yemen said they prevented an attack<\/strong> <strong>on Riyadh on Saturday<\/strong>, reports <a href=\"https:\/\/www.reuters.com\/article\/uk-yemen-security-idUSKBN29S07P\">Reuters<\/a>. An \u201cenemy air target\u201d fired at the Saudi capital was intercepted and destroyed, the coalition said. The Houthis have denied involvement.<\/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\/ahmed-aboul-gheit\/\">Ahmed Aboul Gheit<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-league\/\">Arab League<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-policy\/\">foreign policy<\/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\/protectionism\/\">protectionism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"559583\" 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=\"559583\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/sorry-hany-shaker\/\">\r\n                            Sorry, Hany Shaker                        <\/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\/01\/26\/sorry-hany-shaker\/\" 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\/01\/26\/sorry-hany-shaker\/')\">\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\/01\/26\/sorry-hany-shaker\/\">\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=Sorry, Hany Shaker&url=https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/sorry-hany-shaker\/\">\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\/01\/26\/sorry-hany-shaker\/&title=Sorry, Hany Shaker\">\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=Sorry%2C+Hany+Shaker+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F01%2F26%2Fsorry-hany-shaker%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\/01\/26\/sorry-hany-shaker\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559583\" class=\"content-area-description single-story post-559583 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam tag-music tag-on-your-way-out tag-youtube wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Mahraganat channels on YouTube will live to see another day in Egypt after the <\/strong><strong>Council of State\u2019s administrative court dismissed a lawsuit attempting to ban them<\/strong>,<\/p>\n<p>for failing to provide any documents or evidence for the case, according to <a href=\"http:\/\/bit.ly\/3odXNAa\">Youm7<\/a>. While the story does not mention the grounds on which the lawsuit was filed in the first place, the fact that it was filed by <a href=\"https:\/\/www.nytimes.com\/2018\/01\/12\/world\/middleeast\/cairo-lawyer-lawsuit.html\">Samir Sabry<\/a> \u2014 the lawyer who is apparently single-handedly leading the crusade against sinners and public indecency in Egypt \u2014 should speak for itself. Sabry previously filed lawsuits against puppet Abla Fahita, actress Rania Youssef (remember <em>the <\/em>dress?), and <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/14\/egypt-in-the-news-on-14-august-2019\/\">Jennifer Lopez<\/a>, among many others.<\/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\/music\/\">music<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/youtube\/\">youtube<\/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=\"559584\" 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\/01\/26\/calendar-on-26-january\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559584\" class=\"content-area-description single-story post-559584 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>13-31 January (Wednesday-Sunday): Egypt will host the 2021 <a href=\"https:\/\/www.handballegypt2021.com\/\">Men\u2019s Handball World Championship<\/a> in four venues in Alexandria, Cairo, Giza and the New Capital.<\/p>\n<p>25-29 January (Monday-Friday): The World Economic Forum\u2019s <a href=\"https:\/\/www.weforum.org\/events\/the-davos-agenda-2021\">Davos Agenda<\/a> (virtual).<\/p>\n<p>26 January (Tuesday): AUC\u2019s School of Business webinar on \u201cRethinking Macroeconomics in the Digital Age.\u201d Registration available <a href=\"https:\/\/bit.ly\/3bX9AAu\">here<\/a>.<\/p>\n<p>26 January (Tuesday): AmCham\u2019s EIC Committee webinar on the \u201cPower of Mentorship.\u201d<\/p>\n<p>26 January (Tuesday): Uber will host a virtual panel discussion titled \u2018Tech for Transport Safety\u2019, which will be the inaugural panel in a <a href=\"https:\/\/ent.news\/2021\/1\/Announcement-Uber-launches-its-first-MENA-wide-series-of-events-called-Ignite-.pdf\">MENA-wide series<\/a> of events under the name Ignite.<\/p>\n<p>27-28 January (Wednesday-Thursday): Future Investment Initiative, Riyadh, Saudi Arabia.<\/p>\n<p>27 January (Wednesday): <a href=\"https:\/\/themediaavenue.com\/\">Media Avenue<\/a> will host a virtual roundtable on the \u201cCompetitive Advantages Of Sukuk\u201d<\/p>\n<p>28 January (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>31 January (Sunday): The deadline for businesses to <a href=\"https:\/\/bit.ly\/3nQenFS\">electronically submit<\/a> their annual tax return to the Egyptian Tax Authority.<\/p>\n<p>4 February (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>6-18 February (Saturday-Thursday): Mid-year school break (public schools \u2014 enjoy the break from bumper-to-bumper traffic).<\/p>\n<p>18 March (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>8-10 April (Thursday-Saturday): The TriFactory\u2019s Endurance Festival at Somabay.<\/p>\n<p>13 April (Monday): First day of Ramadan (TBC).<\/p>\n<p>25 April (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC)<\/p>\n<p>29 April (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1 May (Saturday): Labor Day (national holiday).<\/p>\n<p>2 May (Sunday): Easter Sunday.<\/p>\n<p>3 May (Monday): Sham El Nessim.<\/p>\n<p>13-15 May (Thursday-Saturday): Eid El Fitr (TBC).<\/p>\n<p>25-28 May (Tuesday-Friday): The World Economic Forum annual meeting, Singapore.<\/p>\n<p>31 May-2 June (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, New Cairo.<\/p>\n<p>30 May-15 June (Wednesday-Thursday): <a href=\"https:\/\/bit.ly\/398Prpy\">Cairo International Book Fair<\/a>.<\/p>\n<p>1 June (Tuesday): The IMF will conduct a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>17 June (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>24 June (Thursday): End of the 2020-2021 academic year (public schools).<\/p>\n<p>26-29 June (Saturday-Tuesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/?utm_source=Adestra&utm_medium=email&CID=003D000002UIHn4IAH&utm_campaign=Egyp%5Bt%20postponement%20generic%20exp%20visp&utm_term&utm_content=7014G000001cG3zQAE&CNAME=Enterprise\">The Big 5 Construct Egypt<\/a>, Cairo International Convention Center<\/p>\n<p>30 June (Wednesday): June 30 Revolution Day<\/p>\n<p>1 July: (Thursday): National holiday in observance of 30 June Revolution<\/p>\n<p>30 June- 15 July: National Book Fair.<\/p>\n<p>1 July (Thursday): Large taxpayers that have not yet signed on on to the e-invoicing platform <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61c78b1b-ec60-46e8-9760-c995c81f34b9\">will suffer a host of penalties<\/a>, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>19 July (Monday): Arafat Day (national holiday)<\/p>\n<p>20-23 July (Tuesday-Friday): Eid Al Adha (national holiday)<\/p>\n<p>23 July (Friday): Revolution Day (national holiday)<\/p>\n<p>5 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>9 August (Monday): Islamic New Year<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1 October (Friday): <a href=\"https:\/\/www.expo2020dubai.com\">Expo 2020 Dubai<\/a> opens<\/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>18 October (Monday): Prophet\u2019s Birthday<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>13-17 December: <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/396604\/Egypt\/Politics-\/Egypt-to-host-UN-anticorruption-conference-in-.aspx\">United Nations Convention against Corruption<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/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":559559,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-559558","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f8312f0a-bb3d-4e52-97b1-e914e4c5e1e3","teaser":"","photo_url":"https:\/\/ent.news\/2021\/1\/319.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>A news day slower than molasses on a cold winter morning - 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\/a-news-day-slower-than-molasses-on-a-cold-winter-morning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A news day slower than molasses on a cold winter morning\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/a-news-day-slower-than-molasses-on-a-cold-winter-morning\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:32:29+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/319.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\/a-news-day-slower-than-molasses-on-a-cold-winter-morning\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/a-news-day-slower-than-molasses-on-a-cold-winter-morning\/\",\"name\":\"A news day slower than molasses on a cold winter morning - 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