{"id":559994,"date":"2021-02-11T03:50:52","date_gmt":"2021-02-11T03:50:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=559994"},"modified":"2025-12-16T02:43:14","modified_gmt":"2025-12-16T02:43:14","slug":"big-vaccine-orders-are-coming-by-months-end-new-cases-are-on-the-rise","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/big-vaccine-orders-are-coming-by-months-end-new-cases-are-on-the-rise\/","title":{"rendered":"Big vaccine orders are coming by month\u2019s end + new cases are on the rise"},"content":{"rendered":"<section id=\"559996\" 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=\"559996\">\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\/02\/11\/what-were-tracking-on-11-february-2021\/\">\r\n                            What we\u2019re tracking on 11 February 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\/02\/11\/what-were-tracking-on-11-february-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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Banque Misr now owns nearly 25% of CI and launched a tender offer yesterday afternoon at a slight premium to where the shares are trading. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cbfe2e7-47e4-41cd-a878-33418a18e656\">We had the story in yesterday\u2019s EnterprisePM<\/a>.<\/p><p><strong>THE BIG STORY in the global business press: <\/strong>\u201cGraphic\u201d video footage, much of it \u201cpreviously unseen,\u201d of the 6 January storming of the Capitol in Washington leads the front pages of the <a href=\"https:\/\/www.wsj.com\/articles\/on-day-two-of-trump-impeachment-trial-democrats-lay-out-their-case-11612953001?mod=hp_lead_pos5\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.ft.com\/content\/7a4471dd-b23e-473b-930b-9e7fae00176d\">Financial Times<\/a> and <a href=\"https:\/\/www.nytimes.com\/live\/2021\/02\/10\/us\/impeachment-trial\/capitol-video-trump\">New York Times<\/a>. The footage was presented by Democrats prosecuting Agent Orange at his trial yesterday. You can <a href=\"https:\/\/www.nytimes.com\/2021\/02\/10\/us\/politics\/capitol-riot-footage-impeachment-trial.html\">catch it at the top of this New York Times story<\/a>.<\/p><p><strong>But there are two sleeper stories to which you really need to pay attention<\/strong> as they could be setting up new themes for the coming weeks or more:<\/p><p><strong>*** Sleeper story #1- We may be on the on-ramp to a new commodities \u201csupercycle\u201d<\/strong> in which everything from agricultural output, metals and oil go on a years-long rally. <a href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/natural-gas\/021021-interview-hang-on-for-wild-oil-copper-ride-in-commodity-supercycle-goldmans-currie\">Goldman<\/a><a href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/natural-gas\/021021-interview-hang-on-for-wild-oil-copper-ride-in-commodity-supercycle-goldmans-currie\">Sachs<\/a> and Bank of America think we\u2019re probably heading in that direction, but a group of top JPMorgan analysts called it loudest yesterday. <strong>The last cycle ended in 2008 after a 12-year run<\/strong> and was largely driven by the rise of China.<\/p><p><strong>What\u2019s driving the cycle? <\/strong>Pundits are hanging their hats on a strong global recovery from the pandemic. They\u2019re also hedging against inflation, but the big twist that looks set to make the supercycle last is the war against climate change, which could \u201cconstrain oil supplies while boosting demand for metals needed to build renewable energy infrastructure, batteries and electric vehicles.\u201d Throw in population growth and continued wealth formation in emerging markets\u2026 <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-10\/j-p-morgan-sees-commodity-supercycle-already-kicking-off?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/27086ad8-bc84-4e2e-9195-91880fa6916f\">Financial Times<\/a> have the story, while the Financial Post brings the cold water to the party, suggesting <a href=\"https:\/\/financialpost.com\/commodities\/energy\/commodity-prices-are-on-the-upswing-but-dont-call-it-a-supercycle\">the rally may only last for two years<\/a>.<\/p><p><strong>*** Sleeper story #2 is probably the WSJ\u2019s exclusive on Iran<\/strong>, which could ramp up tensions to our east. The paper claims Tehran has made uranium metal in breach of its nuclear accords. Uranium metal \u201ccan be used to form the core of nuclear weapons,\u201d <a href=\"https:\/\/www.wsj.com\/articles\/iran-has-started-producing-uranium-metal-in-violation-of-2015-accords-iaea-says-11612981889\">the Journal writes<\/a>, suggesting Iran may have gone down that route in a bid to force the Biden administration to lift sanctions.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>CATCH UP QUICK\u2013 The top stories from yesterday\u2019s edition of EnterprisePM:<\/strong><\/p><ul>\n<li><strong>Inflation was at its lowest in four months in January<\/strong>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2132ef4-bbe3-4fbf-adbe-0033fb050730\">falling to 4.3%<\/a> from 5.4% in December 2020 on the back of steady drop in food prices as stockpiles across the country increased and exports fell.<\/li>\n<li><strong>The government has started rolling out a new <\/strong><strong>water saving-technology<\/strong><strong> in Upper Egypt <\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3f9946b2-ffad-4eec-8377-2b542a676b45\">that aims to<\/a> help farmers reduce waste and improve crop productivity.<\/li>\n<\/ul><p><strong>PSA- WEAR TWO FACE MASKS <\/strong>to protect yourself and those around you. The US Center for Disease Control is <a href=\"https:\/\/www.cdc.gov\/coronavirus\/2019-ncov\/your-health\/effective-masks.html\">now officially recommending<\/a> wearing two face masks as protection from more transmissible variants of the virus that causes covid-19, adopting a practice that is becoming widespread in other countries including Canada.<\/p><p><strong>The recommendation: Wear a surgical mask underneath a reusable cloth mask<\/strong>, after the <a href=\"https:\/\/www.cdc.gov\/mmwr\/volumes\/70\/wr\/mm7007e1.htm?s_cid=mm7007e1_w#F1_down\">results<\/a> of a CDC study showed that double masking reduces the exposure of the wearer by over 92.5%, compared to the 42% protection offered by a medical mask alone.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p><p><strong>Jordanian Prime Minister Bisher Al Khasawneh is in town<\/strong> after <a href=\"https:\/\/tinyurl.com\/5g4psm5w\">kicking off<\/a> yesterday a visit to Cairo along with a delegation of ministers.<\/p><p><strong>It\u2019s the penultimate day of <\/strong><strong><a href=\"https:\/\/parliament.ly\/%d8%a5%d9%86%d8%b7%d9%84%d8%a7%d9%82-%d8%a3%d8%b9%d9%85%d8%a7%d9%84-%d8%a7%d9%84%d8%ac%d9%88%d9%84%d8%a9-%d8%a7%d9%84%d8%ab%d8%a7%d9%84%d8%ab%d8%a9-%d9%85%d9%86-%d8%a7%d9%84%d9%85%d8%b3%d8%a7%d8%b1\/\">a new round of Libya peace talks<\/a><\/strong><strong> in Hurghada.<\/strong> Delegations from the Libyan parliament and the Supreme Council of State are discussing a timeline and arrangements to hold a national referendum on a new constitution. President Abdel Fattah El Sisi yesterday offered his best wishes to new interim Libyan prime minister <a href=\"https:\/\/bit.ly\/3dcelXB\">Abdul Hamid Dbeibah<\/a> and the head of the new Libyan Presidential Council, <a href=\"https:\/\/bit.ly\/3rF4EF0\">Mohamed Al Manfi<\/a>.<\/p><p><strong>Egypt is hosting an arm of the <\/strong><strong><a href=\"https:\/\/10times.com\/wcset-luxor\">World Conference on Science Engineering and<\/a><\/strong><strong><a href=\"https:\/\/10times.com\/wcset-luxor\">Technology<\/a><\/strong>, which wraps up today at Luxor\u2019s Hotel Pavillon Winter.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>The Columbia Entrepreneurs Organization is hosting the MENA x CEO panel on venture<\/strong><strong> capital and entrepreneurism <\/strong>in the region next Wednesday, 17 February. <a href=\"https:\/\/groups.gsb.columbia.edu\/CEO\/rsvp_boot?id=7449\">Tap or click here to register.<\/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>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ci-capital\/\">CI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/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\/investment-banking\/\">investment banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/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 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class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/SOMA-ENTERPRISEACT-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"559998\" 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=\"559998\">\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\/02\/11\/big-vax-orders-coming-by-months-end-cases-on-the-rise\/\">\r\n                            Big vax orders coming by month\u2019s end + cases on the rise                        <\/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\/02\/11\/big-vax-orders-coming-by-months-end-cases-on-the-rise\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n       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href=\"https:\/\/api.whatsapp.com\/send?text=Big+vax+orders+coming+by+month%E2%80%99s+end+%2B+cases+on+the+rise+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fbig-vax-orders-coming-by-months-end-cases-on-the-rise%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\/02\/11\/big-vax-orders-coming-by-months-end-cases-on-the-rise\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559998\" class=\"content-area-description single-story post-559998 post type-post status-publish format-standard hentry category-covid-watch tag-covax tag-covid-19 tag-enterpriseam tag-madbouly-cabinet 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>We\u2019ve passed our first vaccination milestone: All doctors in isolation and fever hospitals <\/strong><strong>have now been vaccinated<\/strong>, Cabinet spokesperson Nader Saad told Masaa DMC\u2019s Ramy Radwan yesterday (<a href=\"https:\/\/youtu.be\/pOC5t--HzNs?t=419\">watch, runtime: 11:45<\/a>). At the head of the line now are other medical professionals at isolation and fever hospitals, followed by MDs at other facilities.<\/p>\n<p><strong>We\u2019re about two weeks out from receiving two new large-scale deliveries of vaccine. <\/strong>They include the first batch from a 5-8 mn dose order placed through the WHO\u2019s Covax program, the majority of which will likely be the Oxford \/ AstraZeneca jab. The first big delivery is expected in the second half of February, Saad said. Egypt also expects to receive by the end of the month some 300k doses of China\u2019s Sinopharm vaccine. The doses are a gift from China.<\/p>\n<p><strong>We\u2019re not getting all of the doses we need in one go<\/strong>, Saad was careful to say. And frankly, neither is any other country \u2014 look at choppy and delayed delivery everywhere from Canada to Europe and the United States.<\/p>\n<p><strong>Negotiations to lock in supplies of Russia\u2019s Sputnik V and the Johnson & Johnson jab <\/strong><strong>are continuing<\/strong>, Saad added (<a href=\"https:\/\/www.youtube.com\/watch?v=pOC5t--HzNs\">watch, runtime: 11:45<\/a>). The Health Ministry has said it would like to see a vaccine made here at Vacsera, and Russia has suggested it may make Sputnik V available for license.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/tinyurl.com\/4oeyj2na\">reported<\/a><\/strong><strong> 610 new covid-19 infections yesterday<\/strong>, up from 573 the day before. The ministry also reported 53 new deaths, bringing the country\u2019s total death toll to 9,804. Egypt has now disclosed a total of 171,390 confirmed cases of covid-19.<\/p>\n<p><strong>The uptick in cases is not cause for concern, but citizens need to adhere to<\/strong><strong> precautionary measures<\/strong>, Saad stressed to Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=jq5Q3NUouNI\">watch, runtime: 7:09<\/a>).<\/p>\n<p><strong>VACCINE WATCH-<\/strong> Chinese pharma companies are struggling to produce enough vaccines to meet demand at home and abroad, potentially putting Egypt and other developing countries on long waits for inoculations, according to the <a href=\"https:\/\/www.wsj.com\/articles\/chinas-covid-19-vaccine-makers-struggle-to-meet-demand-11612958560?mod=hp_lead_pos7\">Wall Street Journal<\/a>, which joins the <a href=\"https:\/\/www.ft.com\/content\/c20b92f0-d670-47ea-a217-add1d6ef2fbd\">Financial Times<\/a> in wringing its hands over the notion that Russia and China are engaged in \u201cvaccine diplomacy.\u201d<\/p>\n<p><strong>The Oxford \/ AstraZeneca jab is now approved for folks over the age of 65, <\/strong><a href=\"https:\/\/www.reuters.com\/article\/health-coronavirus-who-astrazeneca\/who-expert-panel-recommends-wide-use-of-astrazeneca-covid-vaccine-idUSFWN2KG1K4\">Reuters<\/a> reports, saying the World Health Organization has given its use in seniors two thumbs up. Meanwhile, <a href=\"https:\/\/www.facebook.com\/watch\/live\/?v=469458030726136&ref=watch_permalink\">South Africa said<\/a> it will be using the still-unproven Johnson & Johnson jab over the Oxford vaccine after the latter proved reasonably ineffective against the South African variant.<\/p>\n<p><strong>What might the next school semester look like?<\/strong> The cabinet\u2019s covid-19 committee will meet in a few days to assess possible scenarios for the second term of the 2020-2021 academic year in public schools, <a href=\"https:\/\/www.youm7.com\/story\/2021\/2\/10\/%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D9%85%D8%B1%D8%AA%D9%82%D8%A8-%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7-%D9%84%D8%A8%D8%AD%D8%AB-%D8%B3%D9%8A%D9%86%D8%A7%D8%B1%D9%8A%D9%88%D9%87%D8%A7%D8%AA-%D8%A7%D8%B3%D8%AA%D9%83%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%AF%D8%B1%D8%A7%D8%B3%D8%A9\/5199777\">Youm7<\/a> reports, citing unnamed government sources. The government had said earlier this week that it\u2019s preparing the back-to-school plan to discuss with the covid-19 committee ahead of the end of public schools\u2019 mid-year break on 20 February. Potentially on the table: Ring-fencing students during mid-year examinations.<\/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\/covax\/\">Covax<\/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\/madbouly-cabinet\/\">Madbouly Cabinet<\/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=\"559999\" 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=\"559999\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/ghazl-el-mahalla-planning-a-summer-ipo\/\">\r\n                            Ghazl El Mahalla planning a summer IPO?                        <\/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\/02\/11\/ghazl-el-mahalla-planning-a-summer-ipo\/\" 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\/02\/11\/ghazl-el-mahalla-planning-a-summer-ipo\/')\">\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\/02\/11\/ghazl-el-mahalla-planning-a-summer-ipo\/\">\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=Ghazl El Mahalla planning a summer IPO?&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/ghazl-el-mahalla-planning-a-summer-ipo\/\">\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\/02\/11\/ghazl-el-mahalla-planning-a-summer-ipo\/&title=Ghazl El Mahalla planning a summer IPO?\">\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=Ghazl+El+Mahalla+planning+a+summer+IPO%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fghazl-el-mahalla-planning-a-summer-ipo%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\/02\/11\/ghazl-el-mahalla-planning-a-summer-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/184.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560000\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/ghazl-el-mahalla-planning-a-summer-ipo\/184-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/184.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"184.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/184.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/184.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-559999\" class=\"content-area-description single-story post-559999 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-enterpriseam tag-ghazl-el-mahalla tag-hisham-tawfik tag-ipo-watch tag-misr-life-insurance tag-public-enterprises-ministry tag-state-privatization-program 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>Ghazl El Mahalla FC could move ahead with its IPO on the EGX around the<\/strong> <strong>summertime<\/strong> after closing in on an agreement with Prime Securities to manage the offering, Public Enterprises Minister Hisham Tawfik told <a href=\"https:\/\/bit.ly\/2MTu02X\">Masrawy<\/a>. The football club is looking to list around two-thirds of its shares and reel in EGP 100 mn from the offering \u2014 which Tawfik <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/572375fa-5320-4ca4-9969-f668b12e70d7\">previously said<\/a> will include EGP 75 mn raised in a public offering and EGP 25 mn in a private placement. The minister had previously said the football club was eyeing a 1Q2021 timeline for its EGX debut. Ghazl El Mahalla FC belongs to the state-owned El Mahalla Spinning and Weaving Company.<\/p>\n<p><strong>The Enterprise Realness Rating:<\/strong> Enterprise\u2019s patented IPO tracker currently gives this listing a realness rating of 3, indicating that it is somewhat likely to go ahead.<\/p>\n<p><strong>A little further down the line, Misr Life Ins.\u2019s IPO could be back on the table by the <\/strong><strong>end of this year<\/strong> and was under consideration at a recent meeting of the government committee managing the state privatization committee, Tawfik told <a href=\"http:\/\/tinyurl.com\/hqvs9xix\">Masrawy<\/a>. The company could debut 20-25% of its shares on the EGX as part of the state privatization program. The IPO was originally <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/04\/misr-insurance-misr-life-insurance-ipos-postponed-pending-restructuring-2\/\">slated for<\/a> 2018 before being postponed to give the company more time to reorganize ahead of the transaction. Chairman Basel El Hiny then <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/04\/misr-insurance-misr-life-insurance-could-ipo-on-egypts-bourse-by-end-2020\/\">said<\/a> in 2019 that the IPO would go ahead by the end of 2020, but covid-19 pushed the timeline to <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/22\/rameda-misr-insurance-and-jeans-maker-tc-all-make-ipo-news\/\">2021<\/a>. <strong>This listing also gets an Enterprise Realness Rating of 3.<\/strong><\/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\/ghazl-el-mahalla\/\">Ghazl El Mahalla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hisham-tawfik\/\">Hisham Tawfik<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/misr-life-insurance\/\">Misr Life Insurance<\/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\/state-privatization-program\/\">state privatization program<\/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=\"560001\" 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=\"560001\">\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\">DEVELOPMENT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/eu-lays-out-its-new-strategy-for-the-southmed-and-that-includes-egypt\/\">\r\n                            EU lays out its new strategy for the SouthMed \u2014 and that includes Egypt                        <\/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\/02\/11\/eu-lays-out-its-new-strategy-for-the-southmed-and-that-includes-egypt\/\" 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\/02\/11\/eu-lays-out-its-new-strategy-for-the-southmed-and-that-includes-egypt\/')\">\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\/02\/11\/eu-lays-out-its-new-strategy-for-the-southmed-and-that-includes-egypt\/\">\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=EU lays out its new strategy for the SouthMed \u2014 and that includes Egypt&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/eu-lays-out-its-new-strategy-for-the-southmed-and-that-includes-egypt\/\">\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\/02\/11\/eu-lays-out-its-new-strategy-for-the-southmed-and-that-includes-egypt\/&title=EU lays out its new strategy for the SouthMed \u2014 and that includes Egypt\">\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=EU+lays+out+its+new+strategy+for+the+SouthMed+%E2%80%94+and+that+includes+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Feu-lays-out-its-new-strategy-for-the-southmed-and-that-includes-egypt%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\/02\/11\/eu-lays-out-its-new-strategy-for-the-southmed-and-that-includes-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/186.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560002\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/eu-lays-out-its-new-strategy-for-the-southmed-and-that-includes-egypt\/186-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/186.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"186.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/186.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/186.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560001\" class=\"content-area-description single-story post-560001 post type-post status-publish format-standard has-post-thumbnail hentry category-development tag-development tag-enterpriseam tag-green-economy tag-logistics tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Water, public transit and a green economy will become the focus of the European <\/strong><strong>Commission\u2019s support<\/strong> <strong>to Egypt<\/strong> under its <a href=\"https:\/\/ent.news\/2021\/2\/Southern_Neighbourhood__EU_proposes_new_Agenda_for_the_Mediterranean_.pdf\">new agenda for the Southern Mediterranean region (pdf)<\/a>, which was announced yesterday. The commission has allocated up to EUR 7 bn in direct funding in addition to an estimated EUR 30 bn in funds that will be mobilized indirectly through public and private sector financing for the entire region between 2021-2027. <strong>How much of this will be allocated to Egypt remains to be seen.<\/strong><\/p>\n<p><strong>Egypt-focused initiatives will include <\/strong>support for upgrades to our public transit infrastructure, diversifying our clean energy sources, and supporting public and private investment in water management. The report specifically named support for the National Water Resources Plan which will include <a href=\"https:\/\/enterprise.press\/hardhats\/counting-costs-govts-usd-50-bn-water-saving-plan\/\">waste water management<\/a>, <a href=\"https:\/\/enterprise.press\/hardhats\/water-leakage-agriculture-pressing-water-infrastructure-problem\/\">irrigation upgrades<\/a> and canal rehabilitation. Other programs which the strategy broadly defined as regional goals include a push for wider digitalization, education, judicial reform and human rights reform.<\/p>\n<p><strong>IN OTHER DEVELOPMENT NEWS:<\/strong><\/p>\n<p><strong>The European Bank for Reconstruction and Development will <\/strong><strong><a href=\"https:\/\/bit.ly\/3700Jue\">provide<\/a><\/strong><strong> a EUR 1 mn <\/strong><strong>grant for advisory services to the Tenth of Ramadan City dry port <\/strong>project under an agreement with the General Authority for Land and Dry Ports. The grant will go towards \u201cpreparation and procurement\u201d for the project, according to a bank <a href=\"https:\/\/www.ebrd.com\/news\/2021\/ebrd-supports-new-dry-port-development-in-egypt.html\">statement<\/a>.<\/p>\n<p><strong>BACKGROUND- <\/strong>The new dry port \u201cis part of Egypt\u2019s transport master plan, which recommends the development of an intermodal corridor\u201d between the Mediterranean and Red Sea coasts, the statement notes. The project is designed to cut down on congestion at seaports and help streamline customs procedures, which will in turn help local producers become more competitive and contribute to sustainable economic growth.<\/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\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-economy\/\">Green Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560003\" 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=\"560003\">\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\">Cabinet watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/cabinet-approves-natgas-vehicle-switch-incentives\/\">\r\n                            Cabinet approves natgas vehicle switch incentives                        <\/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\/02\/11\/cabinet-approves-natgas-vehicle-switch-incentives\/\" 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\/02\/11\/cabinet-approves-natgas-vehicle-switch-incentives\/')\">\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\/02\/11\/cabinet-approves-natgas-vehicle-switch-incentives\/\">\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=Cabinet approves natgas vehicle switch incentives&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/cabinet-approves-natgas-vehicle-switch-incentives\/\">\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\/02\/11\/cabinet-approves-natgas-vehicle-switch-incentives\/&title=Cabinet approves natgas vehicle switch incentives\">\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=Cabinet+approves+natgas+vehicle+switch+incentives+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fcabinet-approves-natgas-vehicle-switch-incentives%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\/02\/11\/cabinet-approves-natgas-vehicle-switch-incentives\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/187.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560004\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/cabinet-approves-natgas-vehicle-switch-incentives\/187-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/187.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"187.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/187.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/187.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560003\" class=\"content-area-description single-story post-560003 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-automotive tag-cabinet-watch tag-enterpriseam 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>Vehicle owners are one step closer to getting financial incentives to swap out their old <\/strong><strong>cars to new ones running on natgas or dual fuel engines <\/strong>after the Madbouly Cabinet signed off on the proposal in its weekly meeting yesterday, according to a <a href=\"http:\/\/tinyurl.com\/14eym1tt\">statement<\/a>. Under the proposal, owners of private vehicles can get up to 10% off of the cost of a new vehicle \u2014 with the ceiling set at EGP 22k \u2014 while taxi and microbus owners will be able to get 20% and 45% off, up to a maximum of 45k and 65k, respectively. The incentives come as part of the government\u2019s <a href=\"https:\/\/enterprise.press\/hardhats\/feasible-plan-convert-vehicles-natgas-gasoline-national-scale\/\">multi-year plan<\/a> to convert or replace 1.8 mn cars to run on natural gas in a bid to reduce dependence on petrol-fuel, which also includes <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c84bb14-792e-4e7f-ac46-1f387cf58529\">EGP 1.2 bn<\/a> of low-interest financing provided by the Trade and Industry Ministry, the Central Bank of Egypt, and the MSME Development Agency to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ca4070e2-8e98-49ab-aa59-9931d6f0838d\">fund the conversion<\/a>.<\/p>\n<p><strong>GB Auto expects to be among the top beneficiaries of the vehicle replacement program<\/strong>, as it was under the white taxi replacement program, a company official told us. The first year of the program will likely cover some 70k vehicles that have been on the road for more than 20 years, while another 180k cars will follow in the two subsequent years.<\/p>\n<p><strong>Some 80k individuals have already registered for the scheme<\/strong>, Cabinet spokesperson Nader Saad told Ala Mas\u2019ouleety\u2019s Ahmed Moussa yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=XeS6bJIz048\">watch, runtime: 14:39<\/a>).<\/p>\n<p><strong>BACKGROUND- <\/strong>The \u201cwhite cab replacement program,\u201d announced in early 2009, saw the government give incentives to cabbies of what were then some 70k black-and-whites in Cairo. Vehicle owners could pick up a locally assembled white cab on a subsidized, no-interest payment plan if they scrapped cars that had been on the road more than 20 years. There was a movement afoot by early 2011 to expand the program to civilian vehicles, but that initiative died on the vine with the events subsequent to 25 January. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c91b2be4-e5fb-4204-a703-765a565b8b37\">There\u2019s essential background here<\/a> \u2014 including on the environmental benefits \u2014 if you\u2019re so inclined.<\/p>\n<p><strong>Also approved during the meeting:<\/strong><\/p>\n<ul>\n<li><strong>A USD 500k grant from the African Development Bank<\/strong> for emergency humanitarian aid during covid-19.<\/li>\n<li><strong>A partnership agreement with Germany <\/strong>to help create jobs and support SMEs.<\/li>\n<li>Amendments to the law governing the <strong>Cotton Arbitration and Testing General Organization<\/strong> that would grant it oversight over all stages of the ginning process through cotton records. The amendments would impose a maximum jail sentence of 6 months and a maximum fine of EGP 1 mn for anyone found to have obstructed the organization\u2019s access to these cotton records.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cabinet-watch\/\">cabinet watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560005\" 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=\"560005\">\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\">Transport<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/ratp-dev-metro-line-3-takeover-delayed\/\">\r\n                            RATP Dev Metro Line 3 takeover delayed                        <\/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\/02\/11\/ratp-dev-metro-line-3-takeover-delayed\/\" 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\/02\/11\/ratp-dev-metro-line-3-takeover-delayed\/')\">\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\/02\/11\/ratp-dev-metro-line-3-takeover-delayed\/\">\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=RATP Dev Metro Line 3 takeover delayed&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/ratp-dev-metro-line-3-takeover-delayed\/\">\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\/02\/11\/ratp-dev-metro-line-3-takeover-delayed\/&title=RATP Dev Metro Line 3 takeover delayed\">\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=RATP+Dev+Metro+Line+3+takeover+delayed+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fratp-dev-metro-line-3-takeover-delayed%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\/02\/11\/ratp-dev-metro-line-3-takeover-delayed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560005\" class=\"content-area-description single-story post-560005 post type-post status-publish format-standard hentry category-transport tag-enterpriseam tag-ratp-dev tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>RATP Dev is going to have to wait to take the reins on Metro Line 3:<\/strong> The National Authority for Tunnels (NAT) has postponed handing over the operation of Cairo Metro Line 3 to French transport firm <a href=\"https:\/\/www.ratpdev.com\/en\/home\">RATP Dev<\/a> until the middle of the year while the two sides finalize the details of the contract, <a href=\"https:\/\/bit.ly\/3d2Tm9l\">Al Mal<\/a> reports, citing people familiar with the matter. RATP Dev \u2014 short for R\u00e9gie Autonome des Transports Parisiens \u2014 was due to take over management of the line for a 15-year term at the end of February after it sealed a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/550babfe-6caf-423e-8ce5-d690de621b9a\">EUR 1.14 bn agreement<\/a> with the authority in September.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ratp-dev\/\">RATP Dev<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560006\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"560006\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/560006\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560006\" class=\"content-area-description single-story post-560006 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/Sodic-Karmell2-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560007\" 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=\"560007\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/dilneytech-secures-usd-160k-grant-funding\/\">\r\n                            DilneyTech secures USD 160k grant funding                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/dilneytech-secures-usd-160k-grant-funding\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/dilneytech-secures-usd-160k-grant-funding\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/dilneytech-secures-usd-160k-grant-funding\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=DilneyTech secures USD 160k grant funding&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/dilneytech-secures-usd-160k-grant-funding\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/dilneytech-secures-usd-160k-grant-funding\/&title=DilneyTech secures USD 160k grant funding\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=DilneyTech+secures+USD+160k+grant+funding+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fdilneytech-secures-usd-160k-grant-funding%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/dilneytech-secures-usd-160k-grant-funding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/188.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560008\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/dilneytech-secures-usd-160k-grant-funding\/188-jpg-58\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/188.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"188.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/188.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/188.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560007\" class=\"content-area-description single-story post-560007 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam tag-health tag-itida tag-startup-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Egypt-based healthtech startup <\/strong><strong><a href=\"https:\/\/www.dilenytech.com\/\">DilenyTech<\/a><\/strong><strong>has obtained a USD 160k non-equity grant<\/strong> from the <a href=\"http:\/\/beta.itida.gov.eg\/En\/OurPrograms\/ResearchInnovation\/ITAcademiaCollaboration\/Pages\/default.aspx\">IT Academia<\/a><a href=\"http:\/\/beta.itida.gov.eg\/En\/OurPrograms\/ResearchInnovation\/ITAcademiaCollaboration\/Pages\/default.aspx\">Collaboration<\/a> program, affiliated to ITIDA, according to <a href=\"https:\/\/ventureburn.com\/2021\/02\/egypt-healthtech-startup-secures-160k-non-equity-grant\/\">Ventureburn<\/a>. The company, founded in 2018, will use the funding to develop its AI-enabled breast cancer detection platform. DilenyTech provides tools for medical imaging analysis, breast health and structured medical reporting.<\/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\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/itida\/\">ITIDA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560009\" 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=\"560009\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/covid-19-dents-credit-agricole-egypt-annual-profits\/\">\r\n                            Covid-19 dents Credit Agricole Egypt annual profits                        <\/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\/02\/11\/covid-19-dents-credit-agricole-egypt-annual-profits\/\" 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\/02\/11\/covid-19-dents-credit-agricole-egypt-annual-profits\/')\">\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\/02\/11\/covid-19-dents-credit-agricole-egypt-annual-profits\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Covid-19 dents Credit Agricole Egypt annual profits&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/covid-19-dents-credit-agricole-egypt-annual-profits\/\">\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\/02\/11\/covid-19-dents-credit-agricole-egypt-annual-profits\/&title=Covid-19 dents Credit Agricole Egypt annual profits\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Covid-19+dents+Credit+Agricole+Egypt+annual+profits+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fcovid-19-dents-credit-agricole-egypt-annual-profits%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\/02\/11\/covid-19-dents-credit-agricole-egypt-annual-profits\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560009\" class=\"content-area-description single-story post-560009 post type-post status-publish format-standard hentry category-earnings-watch tag-banking tag-credit-agricole tag-earnings-watch tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Credit Agricole Egypt\u2019s net income plunged more than 42% in 2020 <\/strong>as the covid-19 pandemic weighed on income and caused a deterioration in the quality of its loan book. The bank booked a EGP 1.36 bn profit last year, down from EGP 2.36 bn in 2019, according to <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/257375_5.pdf\">an EGX disclosure (pdf)<\/a> released yesterday. The economic crisis and rate cuts caused its net banking income to fall more than 10% to EGP 3.64 bn, while loan impairments grew by EGP 558 mn due to what it described as \u201ccovid-19\u2019s negative impact on risk portfolio.\u201d<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/credit-agricole\/\">Credit Agricole<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560010\" 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=\"560010\">\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\">Kudos<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/egyptian-ballet-dancer-wins-prix-de-lausanne\/\">\r\n                            Egyptian ballet dancer wins Prix de Lausanne                        <\/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\/02\/11\/egyptian-ballet-dancer-wins-prix-de-lausanne\/\" 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\/02\/11\/egyptian-ballet-dancer-wins-prix-de-lausanne\/')\">\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\/02\/11\/egyptian-ballet-dancer-wins-prix-de-lausanne\/\">\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=Egyptian ballet dancer wins Prix de Lausanne&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/egyptian-ballet-dancer-wins-prix-de-lausanne\/\">\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\/02\/11\/egyptian-ballet-dancer-wins-prix-de-lausanne\/&title=Egyptian ballet dancer wins Prix de Lausanne\">\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=Egyptian+ballet+dancer+wins+Prix+de+Lausanne+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fegyptian-ballet-dancer-wins-prix-de-lausanne%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\/02\/11\/egyptian-ballet-dancer-wins-prix-de-lausanne\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/189.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560011\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/egyptian-ballet-dancer-wins-prix-de-lausanne\/189-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/189.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"189.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/189.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/189.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560010\" class=\"content-area-description single-story post-560010 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-enterpriseam tag-kudos wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>17-year-old Egyptian ballet dancer<\/strong><strong> Luca Abdel Nour<\/strong> <strong><a href=\"https:\/\/www.prixdelausanne.org\/prize-winners-2021\/\">has been named<\/a><\/strong><strong> one of <\/strong><strong>the six winners of the Prix de Lausanne<\/strong> international ballet competition, and will be handed a scholarship at one of the Prix de Lausanne\u2019s partner organizations. Abdel Nour, who also won the \u201cBest Swiss Candidate\u201d and the \u201cAudience Favorite\u201d awards, competed against 79 dancers from around the world to win the competition, which took place from 31 January to 6 February in Switzerland.<\/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\/kudos\/\">KUDOS<\/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=\"560012\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div 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data-block-id=\"80g1j4p\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-80g1j4p-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-80g1j4p-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560013\" 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=\"560013\">\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\/02\/11\/last-nights-talk-shows-on-11-february-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 11 February 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\/02\/11\/last-nights-talk-shows-on-11-february-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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Night\u2019s Talk Shows on 11 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/last-nights-talk-shows-on-11-february-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\/02\/11\/last-nights-talk-shows-on-11-february-2021\/&title=Last Night\u2019s Talk Shows on 11 February 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=Last+Night%E2%80%99s+Talk+Shows+on+11+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Flast-nights-talk-shows-on-11-february-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\/02\/11\/last-nights-talk-shows-on-11-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560013\" class=\"content-area-description single-story post-560013 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-building-code tag-cabinet-shuffle tag-enterpriseam tag-house-of-representatives tag-information-ministry tag-last-nights-talk-shows tag-osama-heikal wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Cabinet\u2019s approval of proposed incentives for natural gas car conversion scheme was all <\/strong><strong>over the airwaves last night<\/strong>, with Masaa DMC\u2019s Ramy Radwan <a href=\"https:\/\/www.youtube.com\/watch?v=HLotXl1-a84\">(watch, runtime: 0:32)<\/a> and Ala Mas\u2019ouleety\u2019s Ahmed Moussa <a href=\"https:\/\/www.youtube.com\/watch?v=XeS6bJIz048\">(watch, runtime: 14:39)<\/a> taking note. We have the details in Cabinet Watch, above.<\/p>\n<p><strong>Could the Information Ministry be scrapped altogether (again)?<\/strong> MPs are less than impressed with Information Minister Osama Heikal after his address to the House of Representatives, which apparently included incorrect figures and a claim that Ethiopian media has come out on top with its coverage of the GERD situation. House Media and Culture Committee Secretary Tamer Abdel Kader told Moussa that the ministry is redundant and some MPs consider it a waste of public funds (<a href=\"https:\/\/www.youtube.com\/watch?v=1tREgpJm7KI\">watch, runtime: 47:32<\/a>). While the ramblings of an MP may not necessarily ensure a policy shift, Abdel Kader\u2019s statement comes as rumors of an impending cabinet shuffle have been making the rounds for several months now.<\/p>\n<p><strong>Also on the airwaves last night:<\/strong><\/p>\n<ul>\n<li><strong>Construction crackdown continues:<\/strong> Building code violators will face tribunals, said Administrative Prosecution Spokesperson Mohamed Samir (Ahmed Moussa on Ala Mas\u2019ouleety | <a href=\"https:\/\/www.youtube.com\/watch?v=d70Urw3ftjk\">watch, runtime: 10:51)<\/a>.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/building-code\/\">building code<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cabinet-shuffle\/\">cabinet shuffle<\/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\/information-ministry\/\">Information Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/osama-heikal\/\">Osama Heikal<\/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=\"560014\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560015\" 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=\"560015\">\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\">Spotlight<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/how-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time\/\">\r\n                            How Egypt is earning investor confidence, one arbitration case at a time                        <\/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\/02\/11\/how-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time\/\" 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\/02\/11\/how-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time\/')\">\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\/02\/11\/how-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time\/\">\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=How Egypt is earning investor confidence, one arbitration case at a time&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/how-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time\/\">\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\/02\/11\/how-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time\/&title=How Egypt is earning investor confidence, one arbitration case at a time\">\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=How+Egypt+is+earning+investor+confidence%2C+one+arbitration+case+at+a+time+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fhow-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time%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\/02\/11\/how-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/190.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560016\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/how-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time\/190-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/190.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"190.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/190.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/190.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560015\" class=\"content-area-description single-story post-560015 post type-post status-publish format-standard has-post-thumbnail hentry category-spotlight tag-enterpriseam tag-moustafa-el-bahabety tag-spotlight 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 state of Egypt\u2019s arbitration environment + case pipeline, as told by Assistant Justice Minister Moustafa El Bahabety.<\/strong> Egypt has made a concerted effort to settle as many international arbitration cases and investment disputes as possible in the past four years, drawing a line under more than 40 cases. These include major disputes such as the spat with Union Fenosa Gas over the cutting of gas supplies to the Damietta LNG facility back in 2012, which was finally resolved last year.<\/p>\n<p><strong>To go deeper into how the government is approaching its international disputes<\/strong> and look at the steps that have been taken to level up the local arbitral environment, we spoke to Moustafa El Bahabety, assistant justice minister for arbitration and international disputes and the commissioner of the high council for international arbitration.<\/p>\n<p><strong>The key takeaways:<\/strong><\/p>\n<ul>\n<li>Settling your disputes pays (USD 20 bn+ to be precise)<\/li>\n<li>Tanta Linen dispute to be settled within a month\u2026<\/li>\n<li>\u2026but Omar Effendi remains in limbo.<\/li>\n<li>The Permanent Court of Arbitration wants to set up shop in the new capital<\/li>\n<li>The investment dispute resolution committee has got new teeth.<\/li>\n<\/ul>\n<p><strong>The treasury could have been forced to cough up more than USD 20 bn over the past four years without the government\u2019s settlement policy<\/strong>, El Bahabety said. Notable examples are the cases resolved with <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/04\/delek-consortium-egypts-east-gas-acquire-39-stake-of-emg-pipeline\/\">EMG Gas<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2b2645b-2a0e-47c8-bcf7-c3bc35d5d40a\">Union Fenosa Gas<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a46977b6-eb32-492f-acde-ac660c7b93a9\">Agrium<\/a>. Other settlements were with <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/11\/al-kholoud-reaches-egp-600-mn-settlement-agreement-with-egypt-over-steam-boilers-case\/\">Al Kholoud for Touristic and Real Estate<\/a>, and <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/07\/egypt-and-uaes-emaar-finally-settle-their-uptown-cairo-beef\/\">Emaar Misr<\/a>after a two-year dispute over its Uptown Cairo development.<\/p>\n<p><strong>Progress is being made in several other cases:<\/strong> Tanta Linen and Oil\u2019s settlement with its former Saudi owner would be reached within a month, El Bahabety said. The dispute originated when the government <a href=\"https:\/\/www.youm7.com\/story\/2020\/7\/10\/%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%A7%D9%84%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%89-%D9%8A%D8%B7%D8%A7%D9%84%D8%A8-%D8%A8%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%86%D8%B8%D9%8A%D8%B1-%D9%85%D8%B3%D8%AA%D8%AD%D9%82%D8%A7%D8%AA%D9%87-%D8%A8%D8%B7%D9%86%D8%B7%D8%A7\/4870005\">reversed the privatization of the company<\/a> in 2013, prompting its new Saudi owner to demand compensation. A solution to end the long-standing dispute over <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94c95d08-e84e-4de2-9196-ace6cb8e7ead\">Nile Cotton Ginning Company<\/a> \u2014 the privatization of which was also scrapped by the government \u2014 is also in the works and the government is pushing towards a final agreement, he said.<\/p>\n<p><strong>Compensation coming \u2026 eventually:<\/strong> El Bahabety noted that the ministry aims to remunerate investors for losses that resulted from renationalizing state companies, but said this would take a year or so to wind up.<\/p>\n<p><strong>Progress is slower on the Omar Effendi dispute:<\/strong> Although Egypt <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/23\/egypt-signs-usd-35-mn-settlement-agreement-with-ifc-for-omar-effendi-debt\/\">reached a settlement<\/a> with the International Finance Corporation a few years ago in a dispute related to the ongoing Omar Effendi affair, the government is no closer to reaching an agreement with the Saudi investor, <a href=\"http:\/\/www.bbc.com\/arabic\/middleeast\/2011\/05\/110507_egypt_omar_afandi\">almost a decade on<\/a>. The Holding Company for Construction and Development last year <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/445294a2-539c-4c84-b718-f0694c390676\">offered to settle<\/a> with Anwal United Trading Company, but El Bahabety says negotiations remain in limbo after the investor said that negotiations cannot go on.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/pca-cpa.org\/en\/home\/\">Permanent Court of Arbitration (PCA)<\/a><\/strong><strong> might be setting up shop here: <\/strong>\u201cWe seek to have international arbitration centers setting up their headquarters here, and we will soon have a branch of the PCA, most likely in the new administrative capital,\u201d El Bahabety told us. This would be the fourth PCA office to be set up outside of its headquarters in The Hague, and could promote Egypt as a venue for regional arbitration cases.<\/p>\n<p><strong>The authority responsible for handling international arbitration has been <\/strong><strong><a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=14122020&id=d9d26ba4-f0c7-4120-a4c5-0804aac8acdf\">handed new powers<\/a><\/strong><strong>: <\/strong>The Higher Authority for Arbitration and International Disputes \u2014 which includes the PM, central bank governor, 7 ministers and representatives from the military and the intelligence service \u2014 was given oversight last year on all arbitration cases in Egypt, with the power to handpick law firms and appoint arbitrators, El Bahabety told us. It is also now able to review investment contracts to make sure there are no loopholes or terms that could benefit one party over another. \u201cIt does not interfere in the technical and financial clauses, but rather reviews the agreement\u2019s provisions including arbitration clauses, financial balance and force majeure,\u201d he said.<\/p>\n<p><strong>Why is this necessary?<\/strong> Restructuring the committee aims to limit the number of arbitration cases being filed against the government by preempting potential problems, El Bahabety explains. He draws a link between the move and the reduction in the number of arbitration hearings \u2014 and enhancing both awareness of arbitration and of law at state agencies and state-owned companies, he said.<\/p>\n<p><strong>The ultimate goal of the changes: <\/strong>For investors to have confidence that (a) Egypt is taking concrete measures reduce potential for disputes between investors and government entities; (b) that we\u2019re clearing our backlog of disputes; (c) that arbitration in Egypt is easier to pursue thanks to improved practices and a wider range of arbitral tribunals from which to choose.<\/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\/moustafa-el-bahabety\/\">Moustafa El Bahabety<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spotlight\/\">SPOTLIGHT<\/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=\"560017\" 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=\"560017\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/egypt-in-the-news-on-11-february-2021\/\">\r\n                            Egypt in the News on 11 February 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\/02\/11\/egypt-in-the-news-on-11-february-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\/02\/11\/egypt-in-the-news-on-11-february-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\/02\/11\/egypt-in-the-news-on-11-february-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 11 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/egypt-in-the-news-on-11-february-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\/02\/11\/egypt-in-the-news-on-11-february-2021\/&title=Egypt in the News on 11 February 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+11+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fegypt-in-the-news-on-11-february-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\/02\/11\/egypt-in-the-news-on-11-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560017\" class=\"content-area-description single-story post-560017 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-daesh tag-enterpriseam tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a mixed bag of nuts in the foreign press<\/strong><strong>:<\/strong> On the rights front, <a href=\"https:\/\/www.amnesty.org.uk\/press-releases\/global-activists-silenced-governments-during-covid-19-pandemic-new-report\">Amnesty International<\/a> is wagging its finger at the UK government, saying it hasn\u2019t done enough to support human rights defenders in Egypt and six other countries during the covid-19 pandemic. <a href=\"https:\/\/licpost.com\/large-mural-honoring-life-of-new-yorker-who-died-in-an-egyptian-prison-is-going-up-in-astoria\">The Long Island City Post<\/a> takes note of a New York mural that will feature late Egyptian-American Moustafa Kassem, who died on hunger strike in prison in Egypt after being detained during 2013 protests. <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2AA1ZI\">Reuters<\/a>, meanwhile, is out with a heartwarming story about a 12-year-old teaching neighborhood children during school closures.<\/p>\n<p><strong>For the 10th anniversary of the resignation of President Hosni Mubarak after widespread <\/strong><strong>protests<\/strong>, <a href=\"https:\/\/foreignpolicy.com\/2021\/02\/09\/sisi-learned-the-wrong-lessons-from-mubaraks-fall\/\">Foreign Policy<\/a> is out with a piece comparing President Abdel Fattah El Sisi\u2019s policies to those of Mubarak.<\/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\/daesh\/\">Daesh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/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=\"560018\" 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=\"560018\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/also-on-our-radar-on-11-february-2021\/\">\r\n                            Also on our radar on 11 February 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\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/also-on-our-radar-on-11-february-2021\/&title=Also on our radar on 11 February 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+11+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Falso-on-our-radar-on-11-february-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\/02\/11\/also-on-our-radar-on-11-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560018\" class=\"content-area-description single-story post-560018 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-education-ministry tag-enterpriseam tag-kazakhstan tag-samsung tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Samsung will manufacture 1 mn tablets each year in Egypt<\/strong> after being awarded a tender led by the education, communications and military production ministries, sources tell <a href=\"https:\/\/bit.ly\/3aVb1gq\">FollowICT<\/a>. The tablets, which will be used to aid student learning at public schools across the country, will be assembled at a new USD 30 mn factory, the sources said, without elaborating on which parties will fund the new facility. The products will be made using local components and sold to the Education Ministry at a fixed price, that has yet to be disclosed. The ministry had tapped Samsung <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/03\/samsung-to-supply-1-mn-educational-tablets-for-2018-19-academic-year\/\">back in 2018<\/a> to supply 1 mn tablets for the 2018-2019 academic year under a USD 240 mn contract.<\/p><p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p><ul>\n<li>German airline <strong>Condor <\/strong><a href=\"http:\/\/tinyurl.com\/ro19lrc0\">will operate<\/a> a flight from <strong>Frankfurt to<\/strong> <strong>Hurghada <\/strong>every Thursday throughout the month of February, and will increase its number of flights as of March.<\/li>\n<li>Flights between <strong>Kazakhstan <\/strong>and <strong>Hurghada <\/strong>are set to <a href=\"https:\/\/tinyurl.com\/3of8452q\">resume<\/a> mid-March, and should total around 38 flights per month.<\/li>\n<\/ul>\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\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education-ministry\/\">Education Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kazakhstan\/\">Kazakhstan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/samsung\/\">Samsung<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/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=\"560019\" 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=\"560019\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/what-the-markets-are-doing-on-11-february-2021\/\">\r\n                            What the markets are doing on 11 February 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\/02\/11\/what-the-markets-are-doing-on-11-february-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\/02\/11\/what-the-markets-are-doing-on-11-february-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\/02\/11\/what-the-markets-are-doing-on-11-february-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 11 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/what-the-markets-are-doing-on-11-february-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\/02\/11\/what-the-markets-are-doing-on-11-february-2021\/&title=What the markets are doing on 11 February 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+11+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Fwhat-the-markets-are-doing-on-11-february-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\/02\/11\/what-the-markets-are-doing-on-11-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560019\" class=\"content-area-description single-story post-560019 post type-post status-publish format-standard hentry category-planet-finance tag-antitrust tag-careem tag-enterpriseam tag-financial-markets tag-gdp tag-maersk tag-planet-finance tag-regulation tag-ride-hailing tag-saudi-arabia tag-tiktok tag-trade tag-uber 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>Saudi Arabia\u2019s economy continued to rebound from recession in the final quarter <\/strong><strong>of 2020<\/strong>, growing by 2.8% compared to the previous three months, according to the <a href=\"https:\/\/www.stats.gov.sa\/sites\/default\/files\/Press_release_GDP%20nowcasting%20report%20EN_2.pdf\">official figures (pdf)<\/a> released yesterday. Growth over the full year contracted by 4.1% thanks to covid-19 restrictions in 1H2020 which saw output plunge by 5.2% in the second quarter.<\/p><p><strong>Demand for shipping containers is back \u2014 and it\u2019s causing bottlenecks that <\/strong><strong>would make Kobri October jealous.<\/strong> International freight rates are rising as a resurgence in global trade this year has left shipping firms struggling to meet demand. Trade volumes were up 5% y-o-y at the end of 2020 causing \u201ca significant bottleneck in terms of lack of capacity and lack of containers, which have driven freight rates higher,\u201d <a href=\"https:\/\/www.cnbc.com\/2021\/02\/10\/maersk-q4-2020-earnings.html\">Maersk CEO Soren Skou told CNBC<\/a>, calling the demand surge \u201cunprecedented\u201d.<\/p><p><strong>TikTok\u2019s forced sale is on the back burner:<\/strong> The sale of TikTok\u2019s American operations to potential investors including Oracle and Walmart has been pushed back \u201cindefinitely,\u201d unnamed sources told <a href=\"https:\/\/www.wsj.com\/articles\/tiktok-sale-to-oracle-walmart-is-shelved-as-biden-reviews-security-11612958401?mod=hp_lead_pos1\">the Wall Street Journal<\/a>. The Biden administration is reviewing the potential security risks posed by Chinese tech companies, and a decision on whether to proceed with <a href=\"https:\/\/www.nytimes.com\/2021\/01\/05\/technology\/china-app-ban.html\">Trump\u2019s ban<\/a> or to rescind it could come as soon as <a href=\"https:\/\/www.nytimes.com\/2021\/01\/15\/technology\/tiktok-biden.html\">the 18 February<\/a>.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,545<\/p>\n<\/td>\n<td>\n<p>+0.8% (YTD: +6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.60<\/p>\n<\/td>\n<td>\n<p>Sell 15.70<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.59<\/p>\n<\/td>\n<td>\n<p>Sell 15.69<\/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>8,902<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +2.4%)<\/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>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,667<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +12.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,632<\/p>\n<\/td>\n<td>\n<p>-0.6% (YTD: +5.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,910<\/p>\n<\/td>\n<td>\n<p>- (YTD: +4.1%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,524<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +1.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 61.02<\/p>\n<\/td>\n<td>\n<p>-0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.99<\/p>\n<\/td>\n<td>\n<p>+2.7%<\/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 1,841.30<\/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 44,421.19<\/p>\n<\/td>\n<td>\n<p>-3.8%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 rose 0.8% yesterday<\/strong> on turnover of EGP 1.92 bn (26% above the 90-day average). Regional investors were net sellers. The index is up 6.4% YTD.<\/p><p><strong>In the green: <\/strong>Fawry (+4.2%), Pioneers Holding (+3.1%) and Sidi Kerir Petrochemicals (+2.4%).<\/p><p><strong>In the red: <\/strong>Cleopatra Hospital (-1.0%), CI Capital (-0.9%), and Export Development Bank of Egypt (-0.9%).<\/p><p><strong>Asian markets are largely in the green this morning. <\/strong>European markets look set to open in the red later this morning, while Wall Street should be in positive territory when the opening bell sounds, futures suggest.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/antitrust\/\">antitrust<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/careem\/\">Careem<\/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\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/maersk\/\">Maersk<\/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\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ride-hailing\/\">ride-hailing<\/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\/tiktok\/\">Tiktok<\/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\/uber\/\">Uber<\/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=\"560020\" 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=\"560020\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/around-the-world-on-11-february-2021\/\">\r\n                            Around the world on 11 February 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\/02\/11\/around-the-world-on-11-february-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\/02\/11\/around-the-world-on-11-february-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\/02\/11\/around-the-world-on-11-february-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=Around the world on 11 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/around-the-world-on-11-february-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\/02\/11\/around-the-world-on-11-february-2021\/&title=Around the world on 11 February 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=Around+the+world+on+11+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F11%2Faround-the-world-on-11-february-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\/02\/11\/around-the-world-on-11-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560020\" class=\"content-area-description single-story post-560020 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-benjamin-netanyahu tag-diplomacy tag-enterpriseam tag-iraq tag-israel tag-joe-biden wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Biden snubbing Bibi?<\/strong> Israeli Prime Minister Benjamin Netanyahu has yet to receive a customary call from newly elected US President Joe Biden, an ally of Bibi\u2019s said in a tweet (which seems to have since been deleted). This could point to Israel\u2019s fall from grace after enjoying a close relationship with the Trump administration, the <a href=\"https:\/\/www.ft.com\/content\/fd7e42ef-ce66-4619-956a-71f5078672b2\">Financial Times<\/a> reports.<\/p>\n<p><strong>IN DIPLOMACY: Bilateral relations with Iraq are still going strong this week<\/strong>, with Iraqi Foreign Minister Fouad Hussein meeting President Abdel Fattah El Sisi to discuss joint economic and trade cooperation according to an Ittihadiya <a href=\"https:\/\/tinyurl.com\/1fc59gsk\">statement<\/a>. Hussein had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3eb768b5-7aa7-4cec-8aba-d1c02e4cae31\">met with Prime Minister Moustafa Madbouly<\/a> earlier this week to discuss projects that include <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8bd78d32-e156-46dd-9bb4-8cc773b033a6\">15 MoUs<\/a> signed last November, and <a href=\"https:\/\/enterprise.press\/hardhats\/regional-infrastructure-diplomacy-whetting-appetite-egyptian-contractors\/\">an \u201coil-for-reconstruction\u201d mechanism<\/a> that could see Egyptian companies work on development projects in Iraq in return for importing Iraqi oil.<\/p>\n<p><strong>Preparations for the UN\u2019s climate change conference COP26 in November <\/strong>were the focus of a meeting between COP 26 President Alok Sharma and Madbouly, according to a cabinet <a href=\"https:\/\/tinyurl.com\/1qvmfr06\">statement<\/a>. The prime minister stressed the importance of funding to enable developing countries to cut down on their carbon emissions. Egypt and the UK had <a href=\"https:\/\/www.gov.uk\/government\/news\/uk-egypt-partnership-at-heart-of-global-efforts-to-tackle-climate-crisis\">launched<\/a> a UN working group on climate change adaptation and resilience in June 2020, and had co-led a coalition of countries in the Climate Action Summit in September 2019.<\/p>\n<p><strong>Foreign Minister Sameh Shoukry <\/strong><strong><a href=\"https:\/\/tinyurl.com\/3g3hwv8p\">touched base<\/a><\/strong><strong> on bilateral relations with Sudan\u2019s newly <\/strong><strong>appointed foreign minister<\/strong> Mariam Al Sadiq Al Mahdi yesterday.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/benjamin-netanyahu\/\">Benjamin Netanyahu<\/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\/iraq\/\">Iraq<\/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\/joe-biden\/\">Joe Biden<\/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=\"560021\" 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=\"560021\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/my-wfh-routine-solomon-baumgartner-aviles-ceo-and-chairman-of-lafarge-egypt\/\">\r\n                            My WFH Routine: Solomon Baumgartner-Aviles, CEO and chairman of Lafarge Egypt                        <\/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\/02\/11\/my-wfh-routine-solomon-baumgartner-aviles-ceo-and-chairman-of-lafarge-egypt\/\" 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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Speaking to us this week is Solomon Baumgartner-Aviles, CEO and chairman of Lafarge Egypt (<a href=\"https:\/\/www.linkedin.com\/in\/solomon-baumgartner-aviles-9525023\/\">LinkedIn<\/a>). Edited excerpts from our conversation:<\/p>\n<p><strong>My name is Solomon Baumgartner, I\u2019m a multinational.<\/strong> I say that because I come from a mixed background \u2014 my mother is African, my father is Swiss and I spent my early childhood in Saudi Arabia. I'm an engineer by background and my passion is for people. I\u2019ve been working now for 20 years on international assignments across five continents with Lafarge.<\/p>\n<p><strong>I see myself as a facilitator and a coach<\/strong>. Being a facilitator during a pandemic means guiding people, developing routines and helping facilitate performance. As a coach your objective is to keep everyone focused, aligned and communicating.<\/p>\n<p><strong>Lafarge Egypt has been WFH since March.<\/strong> As things loosened up a little we left it up to our office staff to decide whether they would like to go back to the office, but in November we went back to full WFH. Personally, I find it very important to be with people, so I make it a point to still be physically present whenever I can. I can't ask people to expose themselves while I'm safe at home. We have roughly 1.1k site workers and 400-600 people at our offices. The manufacturing site, where most people are employed, is a 24\/7 operation where WFH is really not an option.<\/p>\n<p><strong>I arrived two days before the lockdown.<\/strong> In the first month on the job I was faced with my first major decision to send everybody home. Creating relationships through Zoom and Teams really wasn't all that easy. As efficient as they can be they\u2019re often not the most effective in establishing relationships. I micromanaged way more than I would\u2019ve liked at the very beginning, but it was necessary to instill these daily routines and establish a strategy together.<\/p>\n<p><strong>We were able to go on Zoom from day one.<\/strong> Our remote working network was already capable of supporting the WFH shift pretty effortlessly, which was a huge advantage and even allowed us to connect with the families of our employees. It was really stressful for everyone at the beginning but when we ran a company-wide survey on work arrangements we found that most people favored a partial WFH scheme. We were at our most efficient and effective when people were choosing what worked best for them.<\/p>\n<p><strong>I'm an industrial guy by background so I get up pretty early. <\/strong>I start my day at around 5:00 am. I do emails and read Enterprise from home when it\u2019s still nice and calm. Once admin work is done, I get breakfast ready with my family. I have two boys, a nine year-old and a three year-old. I drop my older son off at school at 7:15 am and stop by Starbucks before heading into the office.<\/p>\n<p><strong>Starbucks in the morning is crucial for me:<\/strong> It's the first indicator of business and helps me gauge how the day is going to go. At 9:00 am I have individual meetings with leadership and twice a week we meet as a team for performance checks and health and safety reviews. Usually in the afternoons I try to be on site or have client meetings\u2014which have mostly been on Duo during the pandemic. My final hours are spent looking at the day\u2019s numbers and gathering the right questions to ask my team the following morning. I'm home by around 8:00 pm to have dinner with my family and normally start winding down by 9:00 pm when I get to spend some time with my wife before getting a good night\u2019s rest.<\/p>\n<p><strong>I take Arabic classes in the mornings<\/strong> three times a week. But I have to say, it\u2019s more difficult than I anticipated. My first language was actually Arabic, since I spent my early childhood in Saudi Arabia, and I imagined it would be buried inside somewhere. I\u2019ve also taken up boxing since moving to Egypt. It's an agile and versatile sport \u2014 well-suited for the times we\u2019re in.<\/p>\n<p><strong>Making sure you\u2019re doing well at your job without burning yourself out is essential.<\/strong> I've had a tendency to be consumed by my work, but I\u2019ve learned you need to be more mindful of what you\u2019re doing and how you do things. So, as Eckhart Tolle said: <strong>\u201cWherever you are, be there totally.\u201d<\/strong> I try to apply this principle to life at large. In particular when I'm with my family I need to remind myself to be there totally. It makes no sense to be with them but be thinking about work, this way nothing really gets accomplished.<\/p>\n<p><strong>The pandemic has confirmed to me that we must face problems together. <\/strong>Collaboration during covid has been necessary at an institutional level and a global scale. What stood out to me in 2020 is the difference it made to know that we were not alone; that we were facing challenges together and found solutions to shared problems together.<\/p>\n<p><strong>I try to stay engaged with public life in Egypt and help out during covid.<\/strong> Social responsibility is huge for us at Lafarge. We\u2019ve reached more than 150k people through our outreach programs that distribute medical safety equipment, food and other necessities to those in need.<\/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\/lafarge-egypt\/\">LaFarge Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"560023\" 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=\"560023\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/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\/02\/11\/two-egyptian-films-to-debut-at-berlin-international-film-festival\/\">\r\n                            Two Egyptian films to debut at Berlin International Film Festival                        <\/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\/02\/11\/two-egyptian-films-to-debut-at-berlin-international-film-festival\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The festival will hold online screenings from 1-5 March, and will hold in-person screenings over the summer from 9-20 June.<\/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\/film\/\">film<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560025\" 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\/02\/11\/calendar-on-11-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560025\" class=\"content-area-description single-story post-560025 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>February: France\u2019s finance minister, Bruno Le Maire, is set to visit Egypt.<\/p>\n<p>6-20 February (Saturday-Saturday): Mid-year school break (public schools \u2014 enjoy the break from bumper-to-bumper traffic).<\/p>\n<p>7-28 February (Sunday-Sunday): The Finance Ministry will receive applications from companies wishing to take part in the second phase of its program for the immediate payout of export subsidy arrears to exporters, minus a 15% fee.<\/p>\n<p>10-11 February (Wednesday-Thursday): Egypt will host an arm of the World Conference on Science Engineering and Technology, Hotel Pavillon Winter, Luxor, Egypt.<\/p>\n<p>12 February (Friday): Deadline to reach a settlement with the Tax Authority on overdue income, value-added, or real estate taxes without all the late fees. 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 <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21012021&id=77f4f7a1-57f4-4d53-b82c-f66c8f64fbc1\">said<\/a>.<\/p>\n<p>12-15 February (Friday-Monday): Students will be able to apply for placement at private universities on the Higher Education Ministry\u2019s electronic university admissions site<\/p>\n<p>17 February (Wednesday): MENA x CEO MENA Entrepreneurship & VC Panel: <a href=\"https:\/\/groups.gsb.columbia.edu\/CEO\/rsvp_boot?id=7449\">Investor Perspectives from New York to North Africa<\/a> will be hosted by the Columbia Entrepreneurs Organization.<\/p>\n<p>20 February (Saturday): Final results of applications for private university places will be announced on the Higher Education Ministry\u2019s electronic university admissions site<\/p>\n<p>22-24 February (Monday-Wednesday): <a href=\"https:\/\/arabstates.gltn.net\/second-arab-land-conference\/\">Second Arab Land Conference<\/a> on land management, efficient land use, among other topics.<\/p>\n<p>22 February- 5 March (Monday-Friday) Egypt will host the World Shooting Championship in 6 October\u2019s Shooting Club, with 31 countries set to participate<\/p>\n<p>26 February (Thursday): The <a href=\"http:\/\/afrofuturesummit.com\/\">Afro Future Summit<\/a> will take place virtually.<\/p>\n<p>28 February (Sunday) <a href=\"https:\/\/bit.ly\/3r7mvE7\">Deadline<\/a> for businesses, sole traders, and those generating income from sources other than their day job to file wage tax returns through the electronic filing system.<\/p>\n<p>March: Potential visit to Cairo by Russian President Vladimir Putin.<\/p>\n<p>1-5 March (Monday-Friday): <a href=\"https:\/\/www.aswanforum.org\/\">Aswan Forum for Peace and Development<\/a> will take place virtually.<\/p>\n<p>4-6 March (Thursday-Saturday): <a href=\"https:\/\/www.cairofashiontex.com\/\">Cairo Fashion & Tex<\/a> trade show, Cairo International Convention Centre, Cairo, Egypt<\/p>\n<p>8 March (Monday): The <a href=\"https:\/\/www.idc.com\/mea\/events\/67992-idc-future-of-work#category_10\">IDC Future of Work Egypt<\/a> conference will be held virtually featuring experts from Egypt and Jordan.<\/p>\n<p>9-11 March (Tuesday-Thursday): EduGate 2021 \u2013 Enter The Future conference, Kempinski Royal Maxim Hotel, Cairo, Egypt.<\/p>\n<p>18 March (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1-3 April (Thursday-Saturday): <a href=\"http:\/\/hvacregypt.com\/\">HVAC-R Egypt Expo<\/a>.<\/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>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>7 June-9 June (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, New Cairo, Egypt.<\/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, Cairo, Egypt.<\/p>\n<p>30 June (Wednesday): 30 June 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>12 August (Thursday): National holiday in observance of the Islamic New Year.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 September-2 October (Thursday-Saturday): <a href=\"https:\/\/www.egypt-projects.com\/\">Egypt Projects 2021<\/a> expo, Egypt International Exhibition Center, Cairo, Egypt.<\/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>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): <a href=\"https:\/\/ukcop26.org\/\">2021 United Nations Climate Change Conference<\/a> (COP26), Glasgow, United Kingdom.<\/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>27 June - 3 July 2022 (Monday-Sunday): <a href=\"https:\/\/www.insidethegames.biz\/articles\/1103867\/fisu-world-university-squash-new-giza\">World University Squash Championships<\/a>, New Giza.<\/p>\n<p><strong>Note to readers: <\/strong>Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":559995,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-559994","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f9df92df-bc4f-48b5-8823-bded2667da02","teaser":"","photo_url":"https:\/\/ent.news\/2021\/2\/183.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>Big vaccine orders are coming by month\u2019s end + new cases are on the rise - 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\/big-vaccine-orders-are-coming-by-months-end-new-cases-are-on-the-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big vaccine orders are coming by month\u2019s end + new cases are on the rise\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/big-vaccine-orders-are-coming-by-months-end-new-cases-are-on-the-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:43:14+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/183.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\/big-vaccine-orders-are-coming-by-months-end-new-cases-are-on-the-rise\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/big-vaccine-orders-are-coming-by-months-end-new-cases-are-on-the-rise\/\",\"name\":\"Big vaccine orders are coming by month\u2019s end + new cases are on the rise - 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