{"id":560108,"date":"2021-02-16T03:34:01","date_gmt":"2021-02-16T03:34:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=560108"},"modified":"2025-12-16T02:45:57","modified_gmt":"2025-12-16T02:45:57","slug":"enterprise-more-than-10000-egyptians-have-now-died-of-covid-19","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-more-than-10000-egyptians-have-now-died-of-covid-19\/","title":{"rendered":"Enterprise More than 10,000 Egyptians have now died of covid-19"},"content":{"rendered":"<section id=\"560110\" 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=\"560110\">\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\/16\/what-were-tracking-on-16-february-2021\/\">\r\n                            What we\u2019re tracking on 16 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\/16\/what-were-tracking-on-16-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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The slow, steady burn of covid-19 remains the big story<\/strong> here at home, with cases stuck above 600 and deaths in the 50s once again last night, meaning that <strong>more than 10k Egyptians have now died of the disease<\/strong>.<\/p><p><strong>On the positive side: The Health Ministry has started administering second jabs<\/strong> to medical professionals who have already taken their first of two required doses, and we await news of the next large-scale deliveries of vaccines, expected by the end of this month. We have more in this morning\u2019s news well, below.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>CATCH UP QUICK- <\/strong>The big stories from yesterday\u2019s edition of EnterprisePM were:<\/p><ul>\n<li><strong>UAE property developer Aldar Properties could be looking to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08a4100f-cf45-4105-b0fb-43535ab63c01\">ramp up investments in Egypt<\/a><\/strong> after the company said it was allocating capital for acquisitions here.<\/li>\n<li><strong>2020 earnings season is upon us<\/strong>, with a number of companies releasing their <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f01d21d-dcfe-498f-8969-7b061bc677d0\">earnings for one of the scariest years<\/a> in living memory.<\/li>\n<li><strong>The Federation of Egyptian Industries\u2019 (FEI) board is likely to get <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b1405d96-f38f-4c55-a9f1-93452c648e1f\">a new lease on life<\/a><\/strong> after operating for nearly six months without a legal mandate.<\/li>\n<\/ul><p><strong>THE BIG STORY INTERNATIONALLY-<\/strong> No single story dominates the narrative coming off what was a holiday weekend in Canada and the United States. Canada is now bracing for winter storms as <a href=\"https:\/\/www.insider.com\/texas-snow-storm-blackouts-states-power-grid-electricity-energy-emergency-2021-2\">14 American states moved to rolling blackouts<\/a> after being clobbered. One common thread: <strong>Ngozi Okonjo-Iweala is making history<\/strong> as the <a href=\"https:\/\/www.reuters.com\/article\/us-trade-wto-newsmaker\/nigerias-okonjo-iweala-makes-history-as-head-of-wto-idUSKBN2AF0QP\">first woman and first African<\/a> to be named head of the WTO, as we noted in yesterday\u2019s EnterprisePM. She\u2019s <a href=\"https:\/\/www.reuters.com\/article\/us-trade-wto-nigeria\/incoming-wto-head-warns-vaccine-nationalism-could-slow-pandemic-recovery-idUSKBN2AF1QM\">warning against \u201cvaccine nationalism\u201d<\/a> ahead of taking the top job at the trade body on 1 March.<\/p><p><strong>MARKET WATCH- Equities are holding their own this morning as traders push into the <\/strong><strong><a href=\"https:\/\/www.reuters.com\/article\/us-global-markets\/world-stocks-look-to-extend-bull-run-to-12th-day-on-economic-optimism-idUSKBN2AG00X\">twelfth day of a rally<\/a><\/strong>. Investors around the world are pinning their hopes on a \u201cglobal economic recovery and expectations [that] low interest rates [will] drive investments into riskier assets.\u201d <strong>It should be good news for EM shares. <\/strong>Asian stocks are solidly in the green this morning and <a href=\"https:\/\/www.cnbc.com\/2021\/02\/15\/stock-market-open-to-close-news.html\">futures suggest Wall Street<\/a> and Europe will both start the week in positive territory.<\/p><p><strong>SIGN OF THE TIMES: An electric Defender?<\/strong> Jaguar Land Rover will make its last petrol-powered car in the next 15 years as its new chief executive unveiled what the <a href=\"https:\/\/www.ft.com\/content\/4a7f386b-121b-450e-936c-e7935daab089\">Financial<\/a><a href=\"https:\/\/www.ft.com\/content\/4a7f386b-121b-450e-936c-e7935daab089\">Times<\/a> called \u201ca radical plan to steer one of the UK\u2019s best-known carmakers into the electric era.\u201d The company\u2019s Jag lineup will be all-electric by 2025, while its iconic Land Rover brand will launch its first EV in 2024, <a href=\"https:\/\/www.reuters.com\/article\/us-tata-motors-jlr-idUSKBN2AF0TJ\">Reuters<\/a> adds. The news is getting wide coverage, with everyone from <a href=\"https:\/\/www.theverge.com\/2021\/2\/15\/22284000\/jaguar-land-rover-electric-cars-i-pace-2025\">The Verge<\/a> to <a href=\"https:\/\/www.cnbc.com\/2021\/02\/15\/jaguar-cars-to-go-all-electric-by-2025.html\">CNBC<\/a> picking it up.<\/p><p><strong>PSA- It\u2019s going to be wet and windy today<\/strong>, with the chance of a morning shower in Cairo and heavy rains expected in Alexandria, along the North Coast and in parts of Sinai, <a href=\"https:\/\/tinyurl.com\/drvqwrih\">according to the national weather service<\/a>. Our favorite weather app says to brace for low temperatures today (daytime high of 16\u00b0C), tomorrow (12\u00b0C) and Thursday (15\u00b0C). The mercury is going to slide in the single digits overnight \u2014 and there\u2019s a chance of a sand storm hitting Cairo and the North Coast on Thursday.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>An Egyptian diplomatic delegation is in Libya<\/strong> to discuss reopening the embassy in Tripoli and the consulate in Benghazi, <a href=\"https:\/\/mena.org.eg\/ar\/news\/dbcall\/table\/textnews\/id\/8800419\">state-run MENA<\/a> reported yesterday.<\/p><p><strong>Pakistani Foreign Minister Shah Mahmood Qureshi is <\/strong><strong><a href=\"http:\/\/mofa.gov.pk\/curtain-raiser-visit-of-the-foreign-minister-to-the-arab-republic-of-egypt-16-18-february-2021\/\">in town<\/a><\/strong> for three days to hold talks with FM Sameh Shoukry.<\/p><p><strong>FOLLOW-UP on the launch of the new e-invoicing system: <\/strong>Companies could face fines of between EGP 20-100k if they fail to eventually join a new e-invoicing system currently being rolled out nationwide or refuse pay and file taxes electronically, Finance Ministry spokesperson Ragab Mahrous said, according to <a href=\"https:\/\/youtu.be\/inWnL3ofM8w?t=451\">Extra News<\/a>.<\/p><p><strong>Phase two of the new system went live <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6836281-ee40-455c-8aea-fcc324b73c54\">yesterday<\/a><\/strong>, with 347 companies added to the list of companies that must now log their invoices on a Finance Ministry portal. The new system is still limited to a subset of the companies that fall under the jurisdiction of the Tax Authority\u2019s large taxpayer office, all of whom will need to be on the system by summertime.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Spring conference season is coming up<\/strong>, with early highlights including:<\/p><p><strong>The Real Gate real estate exhibition will kick off from 25-27 March<\/strong> at the Egyptian International Exhibition Center in New Cairo, offering physical and virtual exhibits, it said in <a href=\"https:\/\/ent.news\/2021\/2\/Egypt-hosts-the-Real-Gate-Exhibition-and-Conference-2021-EN.pdf\">a press release (pdf)<\/a>. Showcasing diverse properties by 40+ developers, the four-day event is being organized by ACG-CBE and Coldwell Banker Egypt. <a href=\"https:\/\/www.therealgate.com\/visit\/register-your-interest-to-visit\/\">You can register for the event here<\/a>.<\/p><p><strong>The second edition of the <\/strong><strong><a href=\"https:\/\/tinyurl.com\/vf98kbgf\">Egypt Retail Summit<\/a><\/strong><strong> is set to take place at the Nile Ritz <\/strong><strong>Carlton Hotel on 23 March<\/strong>, bringing together 53 speakers and more than 62 retail brands to discuss solutions in the retail sector, and held under the patronage of the Supply Ministry.<\/p><p><strong>Check out our full calendar in this afternoon\u2019s EnterprisePM <\/strong>or <a href=\"http:\/\/www.enterprisemea.com\/\">right now on our website<\/a> for a comprehensive listing of upcoming events, national holidays and news triggers.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>EYE ON THE REGION- What\u2019s a little economic nationalism among friends?<\/strong><\/p><p><strong>Do you want to do business with the Saudi government? Your MENA HQ had better be in <\/strong><strong>Riyadh, or no soup for you. <\/strong>The kingdom\u2019s official news agency says the policy will come into effect <a href=\"https:\/\/www.reuters.com\/article\/us-saudi-company\/saudi-arabia-wont-work-with-foreign-firms-without-regional-hq-from-2024-idUSKBN2AF1NB?il=0\">at the start of 2024<\/a>, noting that additional information will be released this year. The <a href=\"https:\/\/www.ft.com\/content\/b24df75c-b7ef-46ec-aad7-e3ed7b753328\">Financial Times<\/a> suggests the policy could go so far as to impact companies that have contracts with Saudi Aramco and the kingdom\u2019s USD 400 bn sovereign wealth fund. <strong>This is a direct challenge to the UAE<\/strong>, Bloomberg writes, \u201c<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-15\/saudi-arabia-aims-to-sideline-firms-without-base-in-the-kingdom?srnd=premium-middle-east&amp;sref=mmeFTDW1\">as a regional rivalry heats up<\/a>.\u201d<\/p><p><strong>Is the GCC getting smaller? <\/strong>The populations of Gulf Cooperation Council countries may have fallen as much as 4% last year as migrant workers fled the region due to economic shock caused by covid-19 and the oil crash, S&amp;P Global Ratings said in a <a href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/210215-expat-exodus-adds-to-gulf-region-s-economic-diversification-challenges-11800970\">report<\/a> yesterday. The exodus of mainly low-income workers is likely to continue until 2023, it said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560111\" 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=\"560111\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/560111\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560111\" class=\"content-area-description single-story post-560111 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/Somabay-Something-for-Everyone-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560112\" 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=\"560112\">\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\/16\/teachers-could-get-their-covid-19-jabs-in-a-month-as-total-covid-deaths-in-egypt-breaks-10k-barrier\/\">\r\n                            Teachers could get their covid-19 jabs in a month as total covid deaths in Egypt breaks 10k barrier                        <\/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\/16\/teachers-could-get-their-covid-19-jabs-in-a-month-as-total-covid-deaths-in-egypt-breaks-10k-barrier\/\" 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\/16\/teachers-could-get-their-covid-19-jabs-in-a-month-as-total-covid-deaths-in-egypt-breaks-10k-barrier\/')\">\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\/16\/teachers-could-get-their-covid-19-jabs-in-a-month-as-total-covid-deaths-in-egypt-breaks-10k-barrier\/\">\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=Teachers could get their covid-19 jabs in a month as total covid deaths in Egypt breaks 10k barrier&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/teachers-could-get-their-covid-19-jabs-in-a-month-as-total-covid-deaths-in-egypt-breaks-10k-barrier\/\">\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\/16\/teachers-could-get-their-covid-19-jabs-in-a-month-as-total-covid-deaths-in-egypt-breaks-10k-barrier\/&title=Teachers could get their covid-19 jabs in a month as total covid deaths in Egypt breaks 10k barrier\">\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=Teachers+could+get+their+covid-19+jabs+in+a+month+as+total+covid+deaths+in+Egypt+breaks+10k+barrier+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Fteachers-could-get-their-covid-19-jabs-in-a-month-as-total-covid-deaths-in-egypt-breaks-10k-barrier%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\/16\/teachers-could-get-their-covid-19-jabs-in-a-month-as-total-covid-deaths-in-egypt-breaks-10k-barrier\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560112\" class=\"content-area-description single-story post-560112 post type-post status-publish format-standard hentry category-covid-watch tag-astrazeneca tag-covid-19 tag-dubai tag-enterpriseam tag-south-korea tag-tourism tag-travel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>We marked a grim milestone in our battle against covid-19 overnight<\/strong>, with 56 new deaths bringing the official toll above to 10k barrier for the first time. <strong>A total of 10,050 Egyptians have now died of covid-19. <\/strong><\/p>\n<p><strong>The Health Ministry also <\/strong><strong><a href=\"https:\/\/bit.ly\/2OygpP4\">reported<\/a><\/strong><strong> 613 new covid-19 infections yesterday<\/strong>, up from 611 the day before. Egypt has now disclosed a total of 174,426 confirmed cases of covid-19.<\/p>\n<p><strong>The second wave of vaccinations is kicking off here at home<\/strong> as the medical staff at the Abu Khalifa isolation hospital in Ismailia \u2014 where the vaccination program began <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2aa5c108-4b56-49e2-9e92-5e92dc0ad485\">last month<\/a> \u2014 starting to receive their second doses of the Sinopharm jab yesterday, <a href=\"https:\/\/tinyurl.com\/3ldm7878\">Youm7<\/a>reports. Medical teams at some 22 dedicated covid-19 hospitals nationwide have received an initial dose of the vaccine so far.<\/p>\n<p><strong>Next on the priority list for vaccines: Teachers and administrators within the education<\/strong><strong> system<\/strong>, who could be getting their first doses within the next four to six weeks, Education Minister Tarek Shawki said. This timeline is contingent, however, on whether Egypt receives the vaccines it has ordered on schedule, the minister stressed (<a href=\"https:\/\/www.youtube.com\/watch?t=1343&v=q_M5HtCJGFQ&feature=youtu.be\">watch, runtime: 25:01<\/a>). Prioritizing educators comes as Egypt\u2019s schools and universities are gearing up to resume classes in the next few weeks, with public institutions set to go back to in-person learning, Shawki <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86fe5e82-3b61-4954-9ff1-ea1766fc6b89\">said at a presser earlier this week<\/a>.<\/p>\n<p><strong>Taking stock of our vaccine shipment pipeline:<\/strong> We should be getting our hands on the first batch of a 5-8 mn dose order placed through the World Health Organization\u2019s Covax scheme within the next two weeks, Cabinet spokesperson Nader Saad had said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2120b26-77bb-4bed-818c-3c60f420d1a6\">earlier this month<\/a>. China is also expected to deliver 300k doses of the Sinopharm vaccine, which Beijing is supplying as a gift to Egypt, before the end of February. Meanwhile, we\u2019re still in talks to get our hands on (and potentially manufacture) Russia\u2019s Sputnik V, and the government is also pursuing potentially securing doses of the Johnson & Johnson vaccine.<\/p>\n<p><strong>Heading to Canada? You\u2019re soon going to have to quarantine on arrival (at your own <\/strong><strong>expense) for up to three days <\/strong>at a government-approved quarantine hotel while you wait for results of a PCR test on arrival. That\u2019s in addition to having to show a negative PCR test prior to boarding your flight. You can <a href=\"https:\/\/www.canada.ca\/en\/public-health\/services\/diseases\/2019-novel-coronavirus-infection\/latest-travel-health-advice\/mandatory-hotel-stay-air-travellers.html\">check out the list of hotels here on Thursday<\/a>. <strong>The new measures go into effect on 22 February. <\/strong><\/p>\n<p><strong>South Korea has U-turned on its decision to use AstraZeneca's vaccine on<\/strong> <strong>seniors aged 65+ <\/strong>until more data proving its efficacy in the elderly becomes available, the Korea Disease Control and Prevention Agency (KDCA) announced in a <a href=\"https:\/\/twitter.com\/KoreaDCA\/status\/1361246288226910208\">presser<\/a> yesterday.<\/p>\n<p><strong>This comes amid an uptick in scepticism about the jab:<\/strong> German authorities have expressed doubts about its efficacy in people aged over 65, while South Africa last week ended its rollout after a study suggested it wouldn\u2019t prevent hospitalizations caused by a local virus variant.<\/p>\n<p><strong>A two-dose administration of Pfizer\u2019s covid-19 vaccine prevented 94% of<\/strong><strong> symptomatic covid-19 cases in Israel<\/strong>, confirming the effectiveness levels found in the vaccine\u2019s clinical studies, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-israel-vaccine\/israeli-study-finds-94-drop-in-symptomatic-covid-19-cases-with-pfizer-vaccine-idUSKBN2AE0Q2\">Reuters<\/a> reports. The data, gathered from 600k people in what was Israel\u2019s largest study to date, also showed that participants were 92% less likely to develop severe symptoms.<\/p>\n<p><strong>Passenger numbers at Dubai\u2019s airport plunged 70% last year to 25.9 mn<\/strong>, almost three-quarters of which came in 1Q2020 when travel remained unaffected by the pandemic, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-15\/dubai-airports-traffic-slumps-70-in-2020-on-covid-19-lockdowns?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>reported yesterday.<\/p>\n<p><strong>This was still better than some of Europe\u2019s biggest airports:<\/strong> London\u2019s Heathrow saw traffic slump 73% to 22.1 mn, while activity was down 81% in Frankfurt.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/astrazeneca\/\">AstraZeneca<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-korea\/\">South Korea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560113\" 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=\"560113\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/unemployment-rate-holding-just-about-steady\/\">\r\n                            Unemployment rate holding (just about) steady                        <\/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\/16\/unemployment-rate-holding-just-about-steady\/\" 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\/16\/unemployment-rate-holding-just-about-steady\/')\">\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\/16\/unemployment-rate-holding-just-about-steady\/\">\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=Unemployment rate holding (just about) steady&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/unemployment-rate-holding-just-about-steady\/\">\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\/16\/unemployment-rate-holding-just-about-steady\/&title=Unemployment rate holding (just about) steady\">\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=Unemployment+rate+holding+%28just+about%29+steady+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Funemployment-rate-holding-just-about-steady%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\/16\/unemployment-rate-holding-just-about-steady\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560113\" class=\"content-area-description single-story post-560113 post type-post status-publish format-standard hentry category-economy tag-capmas tag-economy tag-employment tag-enterpriseam tag-pmi 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>Unemployment in Egypt was virtually unchanged in 4Q2020<\/strong>, dipping only marginally to 7.2% from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10ee7f34-c8d1-4f15-891b-1c73d798e8e6\">7.3% in 3Q2020<\/a> and 8% in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6488106-6ad0-4a1a-9e49-6b9d1d1b7c63\">4Q2019<\/a>, according to <a href=\"https:\/\/www.capmas.gov.eg\/Pages\/ShowHmeNewsPDF.aspx?page_id=\/Admin\/News\/PressRelease\/202121511191_666.pdf&Type=News\">figures<\/a> released yesterday by state statistics agency Capmas. Although the drop was small, this is the second consecutive quarter during which the official unemployment rate eased after covid-19 caused the jobless count to spike in 2Q2020.<\/p>\n<p><strong>But, but, but:<\/strong> The labor force participation rate \u2014 which looks at those between the ages of 15 and 64 \u2014 stood at 43.5% in 4Q2020. This is an improvement both on a quarterly and annual basis. The participation rate was 41.1% in 3Q2020, and 43.1% in 4Q2019.<\/p>\n<p><strong>Not a bright spot:<\/strong> Women\u2019s participation in the labor force is still stubbornly low at 16.1%, which is just 0.3 percentage points lower than during the comparable period in 2019, and is well above the 13.4% seen in 3Q2020.<\/p>\n<p><strong>Unemployment hit a near-two-year high in the second quarter last year:<\/strong> The partial lockdown of the economy and the closure of the country\u2019s airspace to passenger flights pushed the unemployment rate up to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/80fdf495-1342-4345-a5bd-6387379141bd\">9.6%<\/a>. Official jobless numbers have since fallen as the government eased restrictions on economic activity.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capmas\/\">CAPMAS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/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=\"560114\" 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=\"560114\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/ifc-to-provide-usd-30-mn-in-financing-to-glass-maker-pasabahce-egypt\/\">\r\n                            IFC to provide USD 30 mn in financing to glass maker Pasabahce 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\/16\/ifc-to-provide-usd-30-mn-in-financing-to-glass-maker-pasabahce-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\/16\/ifc-to-provide-usd-30-mn-in-financing-to-glass-maker-pasabahce-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\/16\/ifc-to-provide-usd-30-mn-in-financing-to-glass-maker-pasabahce-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=IFC to provide USD 30 mn in financing to glass maker Pasabahce Egypt&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/ifc-to-provide-usd-30-mn-in-financing-to-glass-maker-pasabahce-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\/16\/ifc-to-provide-usd-30-mn-in-financing-to-glass-maker-pasabahce-egypt\/&title=IFC to provide USD 30 mn in financing to glass maker Pasabahce 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=IFC+to+provide+USD+30+mn+in+financing+to+glass+maker+Pasabahce+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Fifc-to-provide-usd-30-mn-in-financing-to-glass-maker-pasabahce-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\/16\/ifc-to-provide-usd-30-mn-in-financing-to-glass-maker-pasabahce-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/234.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560115\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/ifc-to-provide-usd-30-mn-in-financing-to-glass-maker-pasabahce-egypt\/234-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/234.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"234.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/234.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/234.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560114\" class=\"content-area-description single-story post-560114 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-development tag-energy tag-enterpriseam tag-international-finance-corporation tag-manufacturing tag-sustainability wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>The International Finance Corporation (IFC) is lending USD 30 mn to the Egyptian<\/strong> <strong>arm of Turkish glassmaker Pasabahce<\/strong> to help it grow exports, improve energy practices, and create more jobs, the lender said in <a href=\"https:\/\/ent.news\/2021\/2\/Pasabahce-Egypt-Draft-Press-Release-latest.doc.pdf\">a press release (pdf)<\/a> yesterday. Pasabahce, a subsidiary of <a href=\"https:\/\/www.sisecam.com.tr\/\">\u015ei\u015fecam Group<\/a>, will use the proceeds to expand a facility located outside Cairo, reduce natural gas and electricity consumption by more than half, and create some 330 new direct jobs across departments. The company sells to the Middle East, Turkey and the US.<\/p>\n<p><strong>In detail:<\/strong> The financing package includes a USD 20 mn long-term loan and USD 10 mn shorter-term facility, the IFC said. The institution has been ramping up support for Egypt\u2019s manufacturing sector in recent years, investing USD 340 mn \u201chelping [companies] improve efficiencies, support innovations, and replenish working capital.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-finance-corporation\/\">International Finance Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/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=\"560116\" 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=\"560116\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/\">\r\n                            Magic sauce for industry: Lower natgas costs + new legislation?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Magic sauce for industry: Lower natgas costs + new legislation?&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/&title=Magic sauce for industry: Lower natgas costs + new legislation?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Magic+sauce+for+industry%3A+Lower+natgas+costs+%2B+new+legislation%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Fmagic-sauce-for-industry-lower-natgas-costs-new-legislation%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/235.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560117\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/magic-sauce-for-industry-lower-natgas-costs-new-legislation\/235-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/235.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"235.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/235.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/235.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560116\" class=\"content-area-description single-story post-560116 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-enterpriseam tag-house-of-representatives tag-legislation-watch tag-manufacturing 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>Manufacturers could get lower natural gas prices if the House Industry<\/strong><strong> Committee gets its way<\/strong>, with the committee lobbying Oil Minister Tarek El Molla to cut prices to factories to help prop up local industry, <a href=\"https:\/\/almalnews.com\/%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8%AA%D8%B7%D8%A7%D9%84%D8%A8-%D8%A8%D8%AE%D9%81%D8%B6-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%BA\/\">Al Mal<\/a> reports. Industry figures are particularly unhappy about local gas prices remaining above international prices, said committee head Moataz Mohamed.<\/p>\n<p><strong>Background:<\/strong> Getting natural gas at a lower price has been a longstanding request from factories. The government agreed to set an industry-wide USD 4.50 \/ mmBtu price for natural gas <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1154689d-294f-4d45-95b4-84a76d67466c\">in March<\/a> as part of a wider fiscal stimulus package to help support the economy during the pandemic. Manufacturers are still unhappy, since this is around 30% above the USD 3.07 \/ mmBtu international spot price right now, and have been pushing the government to slash prices further \u2014 with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff748802-b875-478e-bd45-19ce23710c17\">some trying to get prices below the international average<\/a> to help drive the sector\u2019s recovery from covid-19.<\/p>\n<p><strong>Also on the committee\u2019s wish-list: A \u201cUnified Manufacturing Act\u201d<\/strong> that would disentangle ministries\u2019 mandates when it comes to investments and cut down on the bureaucracy to help streamline investment policies, Mohamed said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/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=\"560118\" 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=\"560118\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/new-construction-regs-senate-bylaws-are-seeing-the-light-soon\/\">\r\n                            New construction regs + Senate bylaws are seeing the light soon                        <\/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\/16\/new-construction-regs-senate-bylaws-are-seeing-the-light-soon\/\" 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\/16\/new-construction-regs-senate-bylaws-are-seeing-the-light-soon\/')\">\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\/16\/new-construction-regs-senate-bylaws-are-seeing-the-light-soon\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New construction regs + Senate bylaws are seeing the light soon&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/new-construction-regs-senate-bylaws-are-seeing-the-light-soon\/\">\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\/16\/new-construction-regs-senate-bylaws-are-seeing-the-light-soon\/&title=New construction regs + Senate bylaws are seeing the light soon\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+construction+regs+%2B+Senate+bylaws+are+seeing+the+light+soon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Fnew-construction-regs-senate-bylaws-are-seeing-the-light-soon%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\/16\/new-construction-regs-senate-bylaws-are-seeing-the-light-soon\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/236.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560119\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/new-construction-regs-senate-bylaws-are-seeing-the-light-soon\/236-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/236.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"236.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/236.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/236.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560118\" class=\"content-area-description single-story post-560118 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-enterpriseam tag-house-of-representatives tag-legislation-watch tag-senate 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>It looks like we\u2019re getting new construction regulations very soon<\/strong>, with Prime Minister Moustafa Madbouly presenting a new set of proposed building and planning criteria for Egyptian cities at a meeting with the House Local Administration and Housing committees. The housing and local development ministers also met with the committee, according to a cabinet <a href=\"https:\/\/tinyurl.com\/1apknn9g\">statement<\/a>.<\/p>\n<p><strong>What\u2019s in the works? <\/strong>Madbouly suggested the regulations will cover everything from building height, ratios, and usage to urban coordination and hoops builders need to jump through before they can start construction.<\/p>\n<p><strong>Existing buildings are grandfathered in<\/strong>, with the new criteria set to apply only to new buildings in existing cities. New cities and developments on land sold by the New Urban Communities Authority are subject to separate regulations.<\/p>\n<p><strong>Background:<\/strong> The government has sought to crack down on illegal building through the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d52c3c53-266c-4b3d-995e-96fd1e4988e2\">Unified Building Code<\/a>, and had announced a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec8c2b4f-f425-443e-ad0a-82c4e82b1578\">six-month construction ban<\/a> last year in an effort to clamp down on wildcat builders.<\/p>\n<p><strong>Meanwhile, the Senate\u2019s new bylaws are in the final stretch before becoming the law of the <\/strong><strong>land after the House general assembly approved the text of the bill<\/strong> yesterday, and is expected to give its final approval today, <a href=\"https:\/\/www.youm7.com\/story\/2021\/2\/15\/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D9%81%D9%89-%D8%A7%D9%84%D9%85%D8%AC%D9%85%D9%88%D8%B9-%D8%B9%D9%84%D9%89-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D9%84%D8%A7%D8%A6%D8%AD%D8%A9-%D8%A7%D9%84%D8%B4%D9%8A%D9%88%D8%AE\/5207114\">Youm7<\/a> reports. The bylaws, which received approval from the Constitutional Affairs Committee <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9dc1031-7379-434c-a6db-4090ef958c11\">last week<\/a> after receiving approval from the upper chamber of parliament <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2544babb-7204-41a0-a238-6048fa592ed7\">last November<\/a>, lay out the Senate\u2019s mandate, which include voting on any future constitutional amendments and bills referred to it by the House of Representatives or the president, approving government policy, and ratifying international treaties.<\/p>\n<p><strong>What\u2019s staying the same in the latest draft:<\/strong> The proposed amendments to the bylaws would do away with a clause allowing the prime minister to convene parliament\u2019s lower chamber \u2014 and leave in place a controversial clause requiring senate members obtain approval from the senate president before traveling abroad.<\/p>\n<p><strong>What\u2019s been changed in parliamentary discussion:<\/strong> A proposed clause allowing senators\u2019 stipends to be tax-exempt has been <a href=\"https:\/\/tinyurl.com\/4jj7mtcr\">scrapped<\/a> by the House, after being included in the original bylaw amendments.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/senate\/\">Senate<\/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=\"560120\" 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=\"560120\">\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\">Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/brazil-could-become-top-importer-of-our-oranges\/\">\r\n                            Brazil could become top importer of our oranges                        <\/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\/16\/brazil-could-become-top-importer-of-our-oranges\/\" 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\/16\/brazil-could-become-top-importer-of-our-oranges\/')\">\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\/16\/brazil-could-become-top-importer-of-our-oranges\/\">\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=Brazil could become top importer of our oranges&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/brazil-could-become-top-importer-of-our-oranges\/\">\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\/16\/brazil-could-become-top-importer-of-our-oranges\/&title=Brazil could become top importer of our oranges\">\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=Brazil+could+become+top+importer+of+our+oranges+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Fbrazil-could-become-top-importer-of-our-oranges%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\/16\/brazil-could-become-top-importer-of-our-oranges\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/237.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560121\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/brazil-could-become-top-importer-of-our-oranges\/237-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/237.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"237.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/237.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/237.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560120\" class=\"content-area-description single-story post-560120 post type-post status-publish format-standard has-post-thumbnail hentry category-commodities tag-agriculture tag-brazil tag-commodities tag-enterpriseam tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Brazil could become the top importer of Egyptian oranges in two or three years<\/strong>, Egypt\u2019s commercial consul to Brazil Nashwa Bakr told the <a href=\"https:\/\/anba.com.br\/en\/brazil-importing-oranges-from-egypt\/\">Arab Brazilian Chamber of Commerce.<\/a> Egypt began <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/64c3acb4-2920-42e8-978c-d263979ff7a3\">exporting oranges to Brazil<\/a> for the first time last year after Brazilian authorities reached an agreement with Egypt Agricultural Export Authority to allow exports of Egyptian oranges under the <a href=\"http:\/\/www.mti.gov.eg\/English\/MediaCenter\/News\/Pages\/Egypt-exports-first-orange-shipments-to-Brazil-.aspx\">Mercosur-Egypt Freetrade Agreement<\/a>, which includes Brazil, Argentina, Uruguay and Paraguay. Two Egyptian companies have shipped 24 containers of oranges to Brazil so far, says Bakr, with an additional shipment of 25 containers expected by the end of May. <strong>Egypt was crowned as the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2376a05a-e6c7-4161-b15a-965f6380518b\">world\u2019s top exporter of oranges<\/a><\/strong><strong> in 2019<\/strong>, exporting around 1.68 mn tonnes that year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/brazil\/\">Brazil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560122\" 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=\"560122\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/brokerage-anfi-looks-like-its-picked-a-suitor-in-bidding-war\/\">\r\n                            Brokerage ANFI looks like it\u2019s picked a suitor in bidding war                        <\/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\/16\/brokerage-anfi-looks-like-its-picked-a-suitor-in-bidding-war\/\" 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\/16\/brokerage-anfi-looks-like-its-picked-a-suitor-in-bidding-war\/')\">\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\/16\/brokerage-anfi-looks-like-its-picked-a-suitor-in-bidding-war\/\">\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=Brokerage ANFI looks like it\u2019s picked a suitor in bidding war&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/brokerage-anfi-looks-like-its-picked-a-suitor-in-bidding-war\/\">\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\/16\/brokerage-anfi-looks-like-its-picked-a-suitor-in-bidding-war\/&title=Brokerage ANFI looks like it\u2019s picked a suitor in bidding war\">\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=Brokerage+ANFI+looks+like+it%E2%80%99s+picked+a+suitor+in+bidding+war+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Fbrokerage-anfi-looks-like-its-picked-a-suitor-in-bidding-war%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\/16\/brokerage-anfi-looks-like-its-picked-a-suitor-in-bidding-war\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560122\" class=\"content-area-description single-story post-560122 post type-post status-publish format-standard hentry category-ma-watch tag-abu-dhabi-islamic-bank tag-alexandria-national-company-for-financial-investments tag-enterpriseam tag-kayan-sustainable-development tag-ma-watch tag-zaldi-capital tag-zeta-investments wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>ANFI agrees to DD on acquisition bid:<\/strong> Brokerage house Alexandria National Company for Financial Investments\u2019 (ANFI) board said it will allow a group of investors to start due diligence as part of their bid <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f01d21d-dcfe-498f-8969-7b061bc677d0\">to acquire 75-90% of the company<\/a>, ANFI in a <a href=\"https:\/\/ent.news\/2021\/2\/118323_150915.pdf\">regulatory filing (pdf)<\/a> yesterday. The would-be acquirers include Egyptian businessman Ahmed El Saba and Saudi Arabia\u2019s Mostafa El Humeidan and have offered EGP 7.48 per share. Selling shareholders including Abu Dhabi Islamic Bank (ADIB) and El Kahera El Watania Investment also fielded offers of EGP 5.30-5.51 per share from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9c4b03c-7e07-4ed4-ba5f-048a3454ec51\">Zeta Investments<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e92d627-df3f-439a-b32a-8f7183ef4cd6\">Kayan Sustainable Development<\/a>, and <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/255918_1.pdf\">Zaldi Capital (pdf)<\/a>.<\/p>\n<p><strong>By our math, that sets a floor price for the transaction at c.<\/strong><strong> EGP 29 mn<\/strong> if ANFI\u2019s shareholders agree to sell 75% of the company\u2019s shares at EGP 7.48.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alexandria-national-company-for-financial-investments\/\">Alexandria National Company for Financial Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kayan-sustainable-development\/\">Kayan Sustainable Development<\/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\/zaldi-capital\/\">Zaldi Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zeta-investments\/\">Zeta Investments<\/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=\"560123\" 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=\"560123\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/560123\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560123\" class=\"content-area-description single-story post-560123 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\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=\"560124\" 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=\"560124\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/sherif-el-ghamrawi-named-ceo-of-the-egyptian-ivf-et-center-sameh-shenouda-becomes-executive-director-of-african-finance-corporation\/\">\r\n                            Sherif El Ghamrawi named CEO of the Egyptian IVF-ET Center, Sameh Shenouda becomes executive director of African Finance Corporation                        <\/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\/16\/sherif-el-ghamrawi-named-ceo-of-the-egyptian-ivf-et-center-sameh-shenouda-becomes-executive-director-of-african-finance-corporation\/\" 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\/16\/sherif-el-ghamrawi-named-ceo-of-the-egyptian-ivf-et-center-sameh-shenouda-becomes-executive-director-of-african-finance-corporation\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Sherif+El+Ghamrawi+named+CEO+of+the+Egyptian+IVF-ET+Center%2C+Sameh+Shenouda+becomes+executive+director+of+African+Finance+Corporation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Fsherif-el-ghamrawi-named-ceo-of-the-egyptian-ivf-et-center-sameh-shenouda-becomes-executive-director-of-african-finance-corporation%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\/16\/sherif-el-ghamrawi-named-ceo-of-the-egyptian-ivf-et-center-sameh-shenouda-becomes-executive-director-of-african-finance-corporation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560124\" class=\"content-area-description single-story post-560124 post type-post status-publish format-standard hentry category-moves tag-africa-finance-corporation tag-blackstone tag-cdc-group tag-development-finance tag-enterpriseam tag-moves tag-zarou wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Sherif El Ghamrawi <\/strong>(<a href=\"https:\/\/www.linkedin.com\/in\/sherif-el-ghamrawi-43b0634\/?originalSubdomain=eg\">LinkedIn<\/a>) has joined <a href=\"https:\/\/egyptianivfcenter.com\/about\/\">the<\/a><strong><a href=\"https:\/\/egyptianivfcenter.com\/about\/\">Egyptian IVF-ET Center<\/a><\/strong> as chief executive officer as the family-owned business embarks on an ambitious growth and institutionalization program timed to coincide with rising investor interest in the healthcare industry. Sherif joined Egyptian IVF, the market leader in in-vitro fertilization, from <a href=\"https:\/\/inktankir.com\/\">Inktank, the investor relations firm<\/a>, where he was most recently director of investor relations and business development director. He brings Egyptian IVF proven experience in healthcare from his time at IDH, a leading emerging markets consumer healthcare business he joined at the time of its IPO on the London Stock Exchange, that has grown from its base in Egypt to become the top player in Jordan, Sudan and Nigeria. Sherif also brings to the table investment, operations and turnaround experience from previous stints in private equity and consumer products in Canada, Saudi Arabia and Egypt.<\/p>\n<p>Multilateral lender <strong>Africa Finance Corporation<\/strong> has appointed <strong>Sameh Shenouda<\/strong> (<a href=\"https:\/\/www.linkedin.com\/in\/sameh-shenouda-bbbab111\/?originalSubdomain=uk\">LinkedIn<\/a>) as its new <strong>executive director and CIO<\/strong>, the pan-African bank said in <a href=\"https:\/\/ent.news\/2021\/2\/Shenouda-EN.pdf\">a statement (pdf)<\/a> yesterday. Shenouda has over 27 years of experience in investments and fundraising, and joins the lender from the Blackstone-owned energy developer <strong>Zarou<\/strong> where he served as CEO from 2018 to 2020. Shenouda also headed infrastructure at the UK\u2019s development finance arm CDC Group during 2014-2018.<\/p>\n<p><strong>** Have you (or someone you know) been promoted? Taken on a new job? <\/strong>Let us know on editorial@enterprise.press.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa-finance-corporation\/\">Africa Finance Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blackstone\/\">Blackstone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cdc-group\/\">CDC Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zarou\/\">Zarou<\/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=\"560125\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" 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<\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-l4gwjx2\" data-v=\"4\" data-block-id=\"l4gwjx2\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-l4gwjx2-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-l4gwjx2-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\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-t8izk6a\" data-v=\"4\" data-block-id=\"t8izk6a\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-t8izk6a-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-t8izk6a-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\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-zd90puv\" data-v=\"4\" data-block-id=\"zd90puv\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-zd90puv-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-zd90puv-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\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-thkiqno\" data-v=\"4\" data-block-id=\"thkiqno\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-thkiqno-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-thkiqno-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=\"560126\" 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=\"560126\">\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\/16\/last-nights-talk-shows-on-16-february-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 16 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\/16\/last-nights-talk-shows-on-16-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\/16\/last-nights-talk-shows-on-16-february-2021\/')\">\n             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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/last-nights-talk-shows-on-16-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560126\" class=\"content-area-description single-story post-560126 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-daesh tag-enterpriseam tag-house-of-representatives tag-last-nights-talk-shows tag-nevine-el-kabbaj tag-ngos-act tag-social-solidarity-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The airwaves were abuzz last night over the release of a new movie about the 2015<\/strong> <strong>kidnapping and murder of 21 Egyptian Copts in Libya at the hands of Daeshbags.<\/strong> The movie, El Serb, earned coverage from Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=Wzqe-gxfZQE&feature=youtu.be\">watch, runtime: 2:40<\/a>), Al Hayah Al Youm's Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=OZYoAN0h2vo&feature=youtu.be\">watch, runtime: 5:13<\/a>), and Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=IMRdNDZvn0Q\">watch, runtime: 9:39<\/a>). You can watch the trailer here (<a href=\"https:\/\/www.youtube.com\/watch?v=cmQvOO_vlUE\">runtime: 1:30<\/a>).<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Oh, how the tables have turned on Ali Abdel Aal:<\/strong> Former House Speaker Ali Abdel Aal is under fire for reportedly having a shoddy attendance record since joining the new class of MPs as a common representative, rather than the speaker. The hubbub began earlier this week when Rep. Mostafa Bakry sat down for an interview with Al Masry Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=M2Di4ou1WWI&feature=youtu.be\">watch, runtime: 35:45<\/a>) and discussed Abdel Aal\u2019s repeated absence from parliament sessions, which has drawn the ire of other MPs \u2014 especially since Abdel Aal himself had repeatedly struggled with MPs\u2019 attendance records when he was House speaker.<\/p>\n<p><strong>So, what\u2019s going to be done about it?<\/strong> Any MP missing three sessions per week will miss out on a monetary bonus, Deputy Speaker Ahmed Saad Eldin told El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=_jVpA6JJ9Qs\">watch, runtime: 2:54<\/a>). Abdel Aal could resign as early as today, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2258470\">Al Masry Al Youm<\/a> suggests.<\/p>\n<p><strong>More on the new NGOs Act:<\/strong> The Social Solidarity Ministry sat down with civil society groups to explain the details and regulations laid out in the new NGOs Act and its executive regulations, which were issued earlier this month, Minister Nevine El Kabbaj told Al Hayah Al Youm\u2019s Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=_4i-9aDIwDQ&feature=youtu.be\">watch, runtime: 15:55<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/daesh\/\">Daesh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nevine-el-kabbaj\/\">Nevine El Kabbaj<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ngos-act\/\">NGOs Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-solidarity-ministry\/\">Social Solidarity Ministry<\/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=\"560127\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560128\" 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=\"560128\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/egypt-in-the-news-on-16-february-2021\/\">\r\n                            Egypt in the News on 16 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\/16\/egypt-in-the-news-on-16-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\/16\/egypt-in-the-news-on-16-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\/16\/egypt-in-the-news-on-16-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 16 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/egypt-in-the-news-on-16-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\/16\/egypt-in-the-news-on-16-february-2021\/&title=Egypt in the News on 16 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+16+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Fegypt-in-the-news-on-16-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\/16\/egypt-in-the-news-on-16-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560128\" class=\"content-area-description single-story post-560128 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a quiet morning for Egypt in the international press<\/strong>, with the only major piece of note being conservative columnist\u2019s Bret Stephens\u2019 latest for the <a href=\"https:\/\/www.nytimes.com\/2021\/02\/15\/opinion\/arab-spring-mubarak.html\">New York Times<\/a> on what he calls \u201cMubarakism.\u201d (Stephens himself is <a href=\"https:\/\/www.theguardian.com\/media\/2021\/feb\/12\/bret-stephens-new-york-post-publishes-donald-mcneil-new-york-times-column\">in the headlines<\/a> and <a href=\"https:\/\/daringfireball.net\/linked\/2021\/02\/14\/stephens-mcneil-column\">the blogosphere<\/a> right now after his bosses spiked a column he wrote on the Gray Lady\u2019s handling of the departure of a reporter over racist language.)<\/p>\n<p><strong>A two-storey residential building in Cairo partially collapsed Sunday night<\/strong>, leaving at least three people dead, <a href=\"https:\/\/apnews.com\/article\/egypt-cairo-e9b2153b862829a83591156cb09b3fb5\">the Associated Press<\/a> reports.<\/p>\n<p><strong>Elsewhere: <\/strong>The 58-year-old terrorist Yasser Al-Sirri, sentenced to death in Egypt for a failed assassination of former prime minister Atef Sedky in the 1990s, is likely to remain in the UK as a refugee after a tribunal last week allowed him to seek asylum. (<a href=\"https:\/\/www.dailymail.co.uk\/news\/article-9260703\/Terrorist-sentenced-death-Egypt-verge-WINNING-legal-battle-stay-UK.html\">Daily Mail<\/a>)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560129\" 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=\"560129\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/also-on-our-radar-on-16-february-2021\/\">\r\n                            Also on our radar on 16 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\/16\/also-on-our-radar-on-16-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\/16\/also-on-our-radar-on-16-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\/16\/also-on-our-radar-on-16-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=Also on our radar on 16 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/also-on-our-radar-on-16-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\/16\/also-on-our-radar-on-16-february-2021\/&title=Also on our radar on 16 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+16+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Falso-on-our-radar-on-16-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\/16\/also-on-our-radar-on-16-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560129\" class=\"content-area-description single-story post-560129 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-energy tag-enterpriseam tag-hisham-tawfik tag-manufacturing tag-sharm-el-sheikh tag-south-sinai tag-spinning-and-weaving tag-state-owned-enterprises tag-tourism tag-travel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>More on the state\u2019s plan to overhaul spinning and weaving: <\/strong>The Public Enterprises Ministry\u2019s bid to streamline state-owned spinning and weaving companies is targeting a significant increase in production, Minister Hisham Tawfik told cabinet in his <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1858277871017236?amp%3B__tn__=%2CO%2CP-R\">latest review<\/a> of the plan. The EGP 21 bn plan could see the yearly output of state ginning factories more than doubled to 4 mn qintars and spinning mills and textile plants more than quadrupled to 188k and 199k cubic meters. Under the ongoing plan, nine spinning and weaving companies will be merged into one mega-entity with seven ginning facilities under the ministry\u2019s purview, and about 23 others consolidated into nine, Tawfik <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9b748225-a6d3-48e2-92f9-08844c93ae45\">recently said<\/a>.<\/p>\n<p><strong>The plan is part of efforts to boost the performance of state-owned enterprises (SOEs). <\/strong>This <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71938aa0-e362-4429-9e61-30a853a317ad\">involves<\/a> reducing the number of SOEs and streamlining their financial performance. Public sector reform has been one of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d0f0225e-15bb-41ec-b441-e7f0beb52b47\">key conditions<\/a> of the latest loan Egypt received from the IMF under its USD 5.2 bn standby facility.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Sharm El Sheikh International Airport has received its first direct flight from Estonia<\/strong> in more than a year, the <a href=\"https:\/\/bit.ly\/3pw3cmZ\">local press reports<\/a>, citing the addition of a weekly flight on this route until winter ends.<\/li>\n<li><strong>Natural gas at Sinai plants: <\/strong>Some factories in South Sinai <a href=\"https:\/\/bit.ly\/3rQxkL2\">will start using compressed natural gas<\/a> as an alternative to diesel fuel as part of the state\u2019s drive to promote natgas as a source of energy. Those factories <a href=\"https:\/\/bit.ly\/3qo5dTm\">are located<\/a> in a remote industrial zone in Abu Zenima and don\u2019t have access to the national natgas grid.<\/li>\n<li><strong>Al Ahly Sabbour <\/strong>and the UAE\u2019s <strong>Eltizam Asset Management Group<\/strong> <a href=\"https:\/\/tinyurl.com\/3t57979s\">signed an<\/a><a href=\"https:\/\/tinyurl.com\/3t57979s\">agreement<\/a> to create two companies \u2014 <strong>Tafawuq Egypt<\/strong> and <strong>Three60 Egypt<\/strong> \u2014 to manage four real estate projects worth EGP 2 bn.<\/li>\n<li>The <strong>Ghabbour Development Foundation<\/strong> is setting up two applied tech institutes in 15 May and 6th of October cities under an MoU <a href=\"https:\/\/tinyurl.com\/lfgjxvwc\">signed<\/a> with the Education Ministry.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sharm-el-sheikh\/\">Sharm El Sheikh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-sinai\/\">South Sinai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spinning-and-weaving\/\">spinning and weaving<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-owned-enterprises\/\">state-owned enterprises<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560130\" 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=\"560130\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/what-the-markets-are-doing-on-16-february-2021\/\">\r\n                            What the markets are doing on 16 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\/16\/what-the-markets-are-doing-on-16-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\/16\/what-the-markets-are-doing-on-16-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\/16\/what-the-markets-are-doing-on-16-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 16 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/what-the-markets-are-doing-on-16-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\/16\/what-the-markets-are-doing-on-16-february-2021\/&title=What the markets are doing on 16 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+16+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F16%2Fwhat-the-markets-are-doing-on-16-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\/16\/what-the-markets-are-doing-on-16-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560130\" class=\"content-area-description single-story post-560130 post type-post status-publish format-standard hentry category-planet-finance tag-bernard-arnault tag-bonds tag-currencies tag-enterpriseam tag-equities tag-financial-markets tag-jean-pierre-mustier tag-planet-finance tag-saudi-arabia tag-spacs 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>Less than half of Lebanon\u2019s large banks expect to meet the central bank\u2019s <\/strong><strong>new capital requirements<\/strong> when they are introduced at the end of this month, which <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2AF0JQ\">Reuters<\/a> says \u201cunderscores the scale of the problem facing Lebanon\u2019s banks, heavily exposed to one of the world\u2019s most indebted states and starved of funding.\u201d<\/p><p><strong>It\u2019s Hawks vs. Doves in the EM-verse: <\/strong>Several emerging-market central banks are likely to follow in Turkey\u2019s footsteps and tighten monetary policy this year, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-15\/emerging-market-central-banks-are-set-for-a-hawkish-turn-map?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg Economics<\/a> forecasts. Argentina, Brazil, and Nigeria are all expected by the business news information service to raise rates at some point this year, while China, Indonesia, India, and Mexico will remain dovish and could move to further reduce rates.<\/p><p><strong>Currency markets have returned to their pre-pandemic calm even as equities <\/strong><strong>remain volatile:<\/strong> Indices that measure volatility in US stocks and in currencies \u2014 which over the past decade have risen and fallen in tandem \u2014 have recently become detached, with Eurodollar volatility falling and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af19b743-236a-498a-9cf5-0c925dbb72e7\">the VIX<\/a> remaining elevated. The <a href=\"https:\/\/www.wsj.com\/articles\/the-currency-market-snoozefest-may-not-last-11613382029?mod=hp_lead_pos4\">Wall Street Journal<\/a> suggests that the weak USD is responsible for the lower currency volatility, something could change should the US economy recover faster than expected or investors anticipate a rise in interest rates.<\/p><p><strong>Luxury goods baron + banker are latest to push Europe on the USD 100 bn SPAC bandwagon: <\/strong>LVMH chairman and current owner of legacy brand Louis Vuitton Bernard Arnault is teaming up with former UniCredit boss Jean Pierre Mustier to launch a special purpose acquisition company (SPAC) to invest in EU financial companies, Mustier told <a href=\"https:\/\/www.ft.com\/content\/f523768d-41af-492c-95b0-ff5d23a30539\">the Financial Times<\/a>. The SPAC, Pegasus Europe, will be sponsored by Groupe Arnault and listed in Amsterdam, which has been emerging as the European hub for SPACs as trading shifted away from post-Brexit London.<\/p><p><strong>Europe is expected to witness a wave of new SPACs<\/strong> <strong>as the bloc catches up with what has predominantly been a US phenomenon. <\/strong>The SPAC craze set records in 2020, a year which saw 143 of the blank-check companies attract more than USD 44 bn. And there are at least another 113 firms looking to raise USD 30 bn lining up for IPOs. <strong>Not clear on what SPACs are? <\/strong>Check out our explainer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6ab3251-641a-4e2c-aa00-6b8486d10c68\">here<\/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>11,527<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: +6.3%)<\/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 15.56<\/p>\n<\/td>\n<td>\n<p>Sell 15.66<\/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 15.55<\/p>\n<\/td>\n<td>\n<p>Sell 15.65<\/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>9,082<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: +4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,649<\/p>\n<\/td>\n<td>\n<p>-0.3% (YTD: +12.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,642<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,935<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: +4.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,756<\/p>\n<\/td>\n<td>\n<p>+2.5% (YTD: +4.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 63.54<\/p>\n<\/td>\n<td>\n<p>+0.4%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.07<\/p>\n<\/td>\n<td>\n<p>+5.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,825.10<\/p>\n<\/td>\n<td>\n<p>+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 48,372.93<\/p>\n<\/td>\n<td>\n<p>+3.39%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 rose 0.2% yesterday<\/strong> on turnover of EGP 1.6 bn (10.1% above the 90-day average). Foreign investors were net sellers. The index is up 6.3% YTD.<\/p><p><strong>In the green: <\/strong>MM Group (+11.2%), Fawry (+2.4%) and Palm Hills Development (+1.2%).<\/p><p><strong>In the red: <\/strong>Export Development Bank of Egypt (-1.7%), ElSewedy Electric (-1.4%) and Sidi Kerir Petrochemicals (-1.4%).<\/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\/bernard-arnault\/\">Bernard Arnault<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/currencies\/\">currencies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/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\/jean-pierre-mustier\/\">Jean Pierre Mustier<\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spacs\/\">SPACs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560131\" 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=\"560131\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/around-the-world-on-16-february-2021\/\">\r\n                            Around the world on 16 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\/16\/around-the-world-on-16-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              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alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/around-the-world-on-16-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560131\" class=\"content-area-description single-story post-560131 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-enterpriseam tag-ethiopia tag-foreign-minister tag-israel tag-lebanon tag-palestine tag-sameh-shoukry tag-sudan tag-un wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>IN DIPLOMACY: <\/strong><\/p>\n<p><strong>Efforts to restart peace talks between Israel and Palestine were on the agenda for Foreign Minister Sameh Shoukry <\/strong>in a phone call with UN Special Coordinator for the Middle East Peace Process Tor Wennesland, according to a <a href=\"https:\/\/bit.ly\/3plzpNp\">ministry statement<\/a>.<\/p>\n<p><strong>Egypt was re-elected as the rapporteur of the UN\u2019s Special Committee on<\/strong><strong> Peacekeeping Operations yesterday<\/strong>, where <a href=\"https:\/\/www.un.org\/press\/en\/2021\/gapk240.doc.htm\">Egypt called<\/a> on the UN and African Union to work together more closely on peacekeeping activities, according to a cabinet <a href=\"https:\/\/tinyurl.com\/2nsho8f2\">statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-minister\/\">Foreign Minister<\/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\/lebanon\/\">Lebanon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/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=\"560132\" 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\/16\/your-essential-business-calendar-on-15-february-2021-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560132\" class=\"content-area-description single-story post-560132 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>6-27 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>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 March: Eastern Mediterranean Gas Forum comes into effect.<\/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>23 March (Tuesday): The second edition of the <a href=\"https:\/\/tinyurl.com\/vf98kbgf\">Egypt Retail Summit<\/a> takes place at the Nile Ritz Carlton hotel.<\/p>\n<p>25-27 March (Thursday-Saturday): <a href=\"https:\/\/www.therealgate.com\/visit\/register-your-interest-to-visit\/\">The Real Gate real estate exhibition<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>31 March (Wednesday): Deadline to visit the moroor and get an RFID sticker affixed to your car\u2019s windshield \u2014 or run afoul of the Traffic Police.<\/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\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":560109,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-560108","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e5a980b5-5177-4caa-9d73-d7c4053669e8","teaser":"","photo_url":"https:\/\/ent.news\/2021\/2\/231.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>Enterprise More than 10,000 Egyptians have now died of covid-19 - 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\/enterprise-more-than-10000-egyptians-have-now-died-of-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise More than 10,000 Egyptians have now died of covid-19\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-more-than-10000-egyptians-have-now-died-of-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:45:57+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\/231.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\/enterprise-more-than-10000-egyptians-have-now-died-of-covid-19\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-more-than-10000-egyptians-have-now-died-of-covid-19\/\",\"name\":\"Enterprise More than 10,000 Egyptians have now died of covid-19 - 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