{"id":560220,"date":"2021-02-21T04:07:45","date_gmt":"2021-02-21T04:07:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=560220"},"modified":"2025-12-16T02:48:52","modified_gmt":"2025-12-16T02:48:52","slug":"welcome-comrades-are-we-closing-in-on-sputnik-v-and-direct-flights-to-the-red-sea-from-moscow","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/welcome-comrades-are-we-closing-in-on-sputnik-v-and-direct-flights-to-the-red-sea-from-moscow\/","title":{"rendered":"Welcome, comrades: Are we closing in on Sputnik V \u2014 and direct flights to the Red Sea from Moscow?"},"content":{"rendered":"<section id=\"560222\" 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=\"560222\">\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\/21\/what-were-tracking-on-21-february-2021\/\">\r\n                            What we\u2019re tracking on 21 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\/21\/what-were-tracking-on-21-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\/21\/what-were-tracking-on-21-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\/21\/what-were-tracking-on-21-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 we\u2019re tracking on 21 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/what-were-tracking-on-21-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\/21\/what-were-tracking-on-21-february-2021\/&title=What we\u2019re tracking on 21 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+we%E2%80%99re+tracking+on+21+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Fwhat-were-tracking-on-21-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\/21\/what-were-tracking-on-21-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560222\" class=\"content-area-description single-story post-560222 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-alexandria-medical-services tag-central-bank-of-egypt tag-climate-change tag-covid-19 tag-enterpriseam tag-financial-regulatory-authority tag-fintech tag-green-economy tag-joe-biden tag-money-laundering tag-paris-agreement tag-prime-capital tag-risk-management tag-sports tag-tawasol-holdings tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, everyone<\/strong>, and welcome to the final workweek of February. Thank you, once more, for the honour of writing you each weekday morning. Russia plays heavily in this morning\u2019s news amid word that Moscow is making some 300 mn doses of its Sputnik V vaccine available to the African Union \u2014 and confusion over whether direct flights to Sharm and Hurghada are back back on.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>*** CATCH UP QUICK- <\/strong>The top stories from Thursday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>Egypt\u2019s first oil and gas bid round of 2021 <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c4454f8-c6d8-46dc-a04b-f1d3ab0b9291\">is now live<\/a><\/strong>, with 24 onshore and offshore blocks up for grabs.<\/li>\n<li><strong>Natgas filling station operators appear to be <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/76aa98c8-14e6-417c-ab05-e69ed5960c61\">getting a package<\/a><\/strong><strong> of incentives<\/strong>, courtesy of the Central Bank of Egypt.<\/li>\n<li><strong>Credit Agricole and NBK Egypt are <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9b79aca6-f3fc-4d72-860d-577cdb2846b4\">planning capital hikes<\/a><\/strong><strong> this year<\/strong> to meet CBE requirements.<\/li>\n<\/ul>\n<p><strong>PSA- It\u2019s looking like a clearer, drier start to the week. <\/strong>Expect sunny skies with cloudy periods and a daytime high of 19\u00b0C in the capital city. Alex is also looking at a mix of sun and clouds with a high of 17\u00b0C. <a href=\"https:\/\/tinyurl.com\/upjm3ep6\">The national weather service<\/a>is calling for coastal showers along the North Coast and Sinai.<\/p>\n<p><strong>THINGS TO KEEP YOUR EYE ON-<\/strong> <strong>The FRA wants EGX-listed non-bank financial services players to get serious about <\/strong><strong>anti-money laundry: <\/strong>EGX-listed NBFS houses and companies regulated by the Financial Regulatory Authority need to draft an internal manual outlining rules and controls to prevent money laundering and terrorist financing, according to a statement carried by <a href=\"https:\/\/bit.ly\/3qCyf1y\">Youm7<\/a>. The rulebook needs to outline a mechanism to identify suspicious transactions and an internal audit structure, among other requirements.<\/p>\n<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<\/p><\/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    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>ESG investing for Egyptian businesses:<\/strong> AmCham is hosting a webinar on investing for social and environmental impact <strong>tomorrow<\/strong>. Guest speakers include Qalaa Holdings\u2019 Chief Sustainability and Marketing Officer Ghada Hammouda, Catalyst Partners co-founder Abdelaziz Abdel Nabi, executive advisor to the chairman of Egyptian Arab Land Bank Hanaa Al Hilaly, and Investia Capital Group Chairman Samir Al Alayli.<\/p>\n<p><strong>Madbouly to chat with the business community:<\/strong> AmCham and the Egypt-US Business Council will host a webinar headlined \"Egypt: 2021 and Beyond\" <strong>this Thursday<\/strong>, 25 February. Guest speaker Prime Minister Moustafa Madbouly will talk about Egypt\u2019s strategy to mitigate the effects of the global downturn as well as the country\u2019s future plans to maintain economic growth.<\/p>\n<p><strong>Fintech startups can join a three-day \u201cinnovation sprint\u201d in March organized <\/strong>by the central bank and the Financial Regulatory authority. The focus is on prototype fintech that can be rolled out to help overcome the challenges presented by the pandemic, the central bank said in <a href=\"https:\/\/ent.news\/2021\/2\/C19-Innovation-Sprint-Press-Release-EN.pdf\">a statement (pdf)<\/a> last week. Applications closed on Friday.<\/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\/alexandria-medical-services\/\">Alexandria Medical Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/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\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-economy\/\">Green Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/joe-biden\/\">Joe Biden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/money-laundering\/\">money laundering<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/paris-agreement\/\">Paris Agreement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/prime-capital\/\">Prime Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/risk-management\/\">risk management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tawasol-holdings\/\">Tawasol Holdings<\/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=\"560223\" 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=\"560223\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/560223\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560223\" class=\"content-area-description single-story post-560223 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=\"560224\" 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=\"560224\">\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\/21\/are-we-closing-in-on-a-supply-of-sputnik-v\/\">\r\n                            Are we closing in on a supply of Sputnik V?                        <\/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\/21\/are-we-closing-in-on-a-supply-of-sputnik-v\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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closing in on a supply of Sputnik V?&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/are-we-closing-in-on-a-supply-of-sputnik-v\/\">\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\/21\/are-we-closing-in-on-a-supply-of-sputnik-v\/&title=Are we closing in on a supply of Sputnik V?\">\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=Are+we+closing+in+on+a+supply+of+Sputnik+V%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Fare-we-closing-in-on-a-supply-of-sputnik-v%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\/21\/are-we-closing-in-on-a-supply-of-sputnik-v\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560224\" class=\"content-area-description single-story post-560224 post type-post status-publish format-standard hentry category-covid-watch tag-afreximbank tag-african-union tag-boris-johnson tag-covax tag-covid-19 tag-enterpriseam tag-european-investment-bank tag-mohamed-maait tag-vaccines tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Is this one way Egypt will get hold of the Russian vax? <\/strong>Russia has offered to provide 300 mn doses of its Sputnik V vaccine to the African Union along with financing for countries that want to secure shipments, the African Union\u2019s vaccine procurement body <a href=\"https:\/\/amsp.africa\/african-union-member-states-accelerates-online-pre-orders-as-amsp-adds-300-million-sputnik-v-doses-to-its-covid-19-vaccine-portfolio\/\">said in a statement<\/a> on Friday. Member states will have a 12-month window to place their orders for the vaccine, starting from May from the AU\u2019s <a href=\"https:\/\/amsp.africa\/\">Africa Medical Supplies Platform<\/a> (AMSP), and are now able to start the pre-order process.<\/p>\n<p><strong>How many doses could Egypt lock in through the program?<\/strong> It\u2019s not clear right now. We reached out to the AU for comment, but hadn\u2019t heard back by dispatch time.<\/p>\n<p><strong>What about an earlier agreement Egypt had with Russia?<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/929937e3-48cf-4b35-a353-bfdacfd80b6a\">An agreement<\/a> that the Russian sovereign wealth fund signed with local pharma player Pharco last year was supposed to see us import some 25 mn doses of the vaccine directly from Russia. Pharco\u2019s role in the process is uncertain, with the chairman of subsidiary Pharco B, Yasser Fayed, telling us over the weekend that its participation in distribution hinges on a Health Ministry decision.<\/p>\n<p><strong>And what about manufacturing?<\/strong> Pharco founder and president Sherine Helmy said last year that the company could produce the vaccine here in Egypt, but Fayed played down the likelihood of this scenario panning out, telling us that it\u2019s too early to say if the company will manufacture Sputnik.<\/p>\n<p><strong>What is clear: The Egyptian government still wants Sputnik<\/strong>, which has a <a href=\"https:\/\/www.thelancet.com\/journals\/lancet\/article\/PIIS0140-6736(21)00191-4\/fulltext\">91.6% effectiveness rate<\/a>. Health Minister Hala Zayed said earlier <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f020acd-a1ca-43b7-8d2f-e41b501fa76e\">this month<\/a> that \u201clarge shipments\u201d of vaccines \u2014 partly consisting of Sputnik doses \u2014 would start arriving by the second half of this month. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb702a7f-b234-4650-a3f0-febac2a97063\">Reports last week suggested<\/a> that Moscow may struggle to keep up with demand because of its decision to outsource production to other countries.<\/p>\n<p><strong>And we have the manufacturing capacity at Vacsera<\/strong>, the state-owned institute that\u2019s one of the top vaccine producers in Africa. Sputnik by itself is unlikely to be sufficient: With 100 mn people to take care of, Egypt will need to tap multiple suppliers and vaccine initiatives to lock in a sufficient supply.<\/p>\n<p><strong>KEEP IT ALL IN CONTEXT- Egypt isn\u2019t the only nation taking more time than policymakers would like to roll out its vaccination program. <\/strong><a href=\"https:\/\/globalnews.ca\/news\/7647625\/canada-covid-vaccine-campaign-trudeau\/\">Pressure is growing<\/a> on the government of Canadian PM Justin Trudeau, for example, as Pfizer and Moderna have <a href=\"https:\/\/www.nytimes.com\/2021\/02\/18\/world\/canada\/canada-vaccine-coronavirus.html\">missed delivery deadlines<\/a>.<\/p>\n<p><strong>MEANWHILE- <\/strong><strong>Finance Minister Mohamed Maait has tested positive for coronavirus<\/strong>, <a href=\"https:\/\/bit.ly\/2NIF5nF\">Youm7<\/a> reports, citing unnamed sources. The minister is said to be in a stable condition and is reportedly self-isolating at his home.<\/p>\n<p><strong>Egypt\u2019s Evangelical Church<\/strong><strong> is gradually resuming<\/strong><strong> prayer and other <\/strong><strong>religious congregational services<\/strong> including weddings, funerals and other activities at its churches nationwide in <a href=\"https:\/\/bit.ly\/3uhuPDA\">a statement<\/a> on Friday. The Church <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/321a98a8-0c82-4162-a6cf-38d0e75c3bae\">suspended<\/a> all congregational services late last year amid rising cases of covid-19.<\/p>\n<p><strong>The Health Ministry reported 600 new covid-19 infections yesterday<\/strong>, down from 610 the day before and a recent high of 656 on Friday. The ministry also reported 48 new deaths, bringing the country\u2019s total death toll to 10,298. Egypt has now disclosed a total of 177,543 confirmed cases of covid-19.<\/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\/afreximbank\/\">AfreximBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/boris-johnson\/\">Boris Johnson<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covax\/\">Covax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/european-investment-bank\/\">European Investment Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560225\" 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=\"560225\">\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\">Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/the-academic-year-just-got-longer-at-public-universities\/\">\r\n                            The academic year just got longer at public universities                        <\/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\/21\/the-academic-year-just-got-longer-at-public-universities\/\" 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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Classes for the second term of the academic year were <a href=\"https:\/\/tinyurl.com\/1ne3lm17\">originally scheduled<\/a> to run until 10 June, with exams set to be held in June and July. The three-week extension means the end-of-year exams will likely run into August. Students will resume classes next Saturday, 27 February, under a hybrid learning system that will send students and staff to campus a few days per week, depending on their majors.<\/p>\n<p><strong>Exams are on track to begin as planned, but students with covid-19 concerns can opt out of sitting for their assessments<\/strong> if they submit a request not to attend before the beginning of term one exams. Under <a href=\"https:\/\/manshurat.org\/node\/4346\">article 80<\/a> of the executive regulations of the Universities Act, the Higher Education Ministry will accept these requests as legitimate and these students will not be given a failing grade for the missed exams. It is unclear, however, when the students would sit for an exam or whether they\u2019d be asked to do extra work to compensate.<\/p>\n<p><strong>Universities will impose stricter measures to contain the spread of covid this semester <\/strong>compared to last, Higher Education Ministry spokesperson Adel Abdel Ghaffar told Kelma Akhira\u2019s Lamees El Hadidi. The ministry will be closely monitoring the situation, particularly during exams, to avoid an outbreak of the disease, he said (<a href=\"https:\/\/www.youtube.com\/watch?v=kILV-h4wD2k\">watch, runtime: 11:51<\/a>).<\/p>\n<p><strong>The government has warned that we could face the peak of a third wave of covid in the week before Ramadan<\/strong>, which is set to begin on or about 13 April.<\/p>\n<p><strong>SAT exam scores soon won\u2019t be accepted at Egyptian universities:<\/strong> Students in grades 11 and 12 following the American curriculum who already took the SAT or were planning to sit for the exam before 15 August will be allowed to submit their score for admission to an Egyptian university, Education Minister Tarek Shawki said separately (<a href=\"https:\/\/tinyurl.com\/gtcwrmo2\">watch, runtime: 34:47<\/a>). Any scores from an SAT taken after the 15 August cut-off will not be accepted, and only the <a href=\"https:\/\/est.moe.gov.eg\/faqs\">Egyptian Scholastic Test (EST)<\/a> will be accepted as a valid standard test for university admission, Shawki said. The shunning of SATs comes as students have been traveling abroad to sit for the test since CollegeBoard canceled SATs in Egypt due to persistent test security issues, which the minister says has put these students at an advantage over their peers who sit for standardized tests here at home.<\/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\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-shawki\/\">Tarek Shawki<\/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=\"560227\" 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=\"560227\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/uh-privet\/\">\r\n                            Uh \u2026 privet?                        <\/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\/21\/uh-privet\/\" 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\/21\/uh-privet\/')\">\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\/21\/uh-privet\/\">\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=Uh \u2026 privet?&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/uh-privet\/\">\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\/21\/uh-privet\/&title=Uh \u2026 privet?\">\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=Uh+%E2%80%A6+privet%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Fuh-privet%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\/21\/uh-privet\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/293.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560228\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/uh-privet\/293-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/293.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"293.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/293.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/293.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560227\" class=\"content-area-description single-story post-560227 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-enterpriseam tag-hurghada tag-red-sea tag-russia tag-sharm-el-sheikh tag-tourism 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>There\u2019s confusion over whether Russia will resume direct flights to Egypt's Red Sea <\/strong><strong>resorts <\/strong>after contradictory statements emerged at the end of last week about moves to finally end Russia\u2019s five-year ban on flights from Moscow to Sharm El Sheikh and Hurghada.<\/p>\n<p><strong>The mixed messages started on Thursday<\/strong>, when the head of Egypt\u2019s Civil Aviation Authority, Ashraf Noweir, told <a href=\"https:\/\/www.reuters.com\/article\/idUSL4N2KO3SC\">Reuters<\/a> that flights will be up and running by the end of March. Russian leisure airline Nordwind Airlines, he said, has submitted a request to restart flights to the Red Sea destinations starting 28 March.<\/p>\n<p><strong>Russian civil aviation agency Rosaviatsia nixed that suggestion the next day<\/strong>, saying it could not verify whether the airline would launch flights in March, the newswire <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2AJ15U\">reported<\/a> separately.<\/p>\n<p><strong>Neither Egypt nor Russia\u2019s governments have announced anything official on the resumption of flights<\/strong>, but Egypt\u2019s airports are ready to welcome tourists from anywhere, Tourism Minister Khaled El Enany said in a (diplomatically-worded) phone-in to Kelma Akhira\u2019s Lamees El Hadidi. The minister noted that only 100k tourists have landed in Egypt since the resumption of commercial air travel in August, which he said isn\u2019t commensurate with Egypt\u2019s potential, but at least the numbers are growing (<a href=\"https:\/\/www.youtube.com\/watch?v=1kg1ZOrYZdA\">watch, runtime: 15:20<\/a>).<\/p>\n<p><strong>A refresher: <\/strong>Russian flights to Red Sea destinations have been on hiatus since the 2015 crash of Metrojet Flight 9268 in the Sinai peninsula soon after it took off from Sharm El Sheikh.<\/p>\n<p><strong>Russia has been more hesitant than other European countries to restore flights to the region: <\/strong>The country has been taking what seems now like an everlasting rain check on resuming flights to the Red Sea resort. This is in contrast with the UK which gave the green light to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98778bb6-d0d0-4121-bb55-4fa155a04647\">relaunch flights<\/a> to Sharm El Sheikh in October 2019, ending a four-year flight ban.<\/p>\n<p><strong>IN OTHER TOURISM NEWS-<\/strong><\/p>\n<p><strong>Tourism is still down, but the recovery is underway:<\/strong> Average hotel occupancy in 2021 through mid-February was around 50%, compared to 80% over the same six-week period last year, <a href=\"https:\/\/www.arabnews.com\/node\/1811656\/business-economy\">Arab News<\/a> reports, citing Deputy Tourism Minister Abdel Fattah Al Assi. The Tourism Ministry has recently launched the \u201cShetty Fe Masr\u201d initiative to promote winter staycations.<\/p>\n<p><strong>That\u2019s an improvement over what we saw through most of 2020:<\/strong> Average occupancy rates in four of Egypt\u2019s biggest tourist hotspots <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71f3be61-c368-4f17-bb3c-2d24ee12248c\">fell below 50% last year<\/a> after the pandemic shuttered the tourism industry in the second quarter and hit international travel across the world. Rates are forecast to pick up this year with the roll-out of covid-19 vaccines, which will help kickstart international travel.<\/p>\n<p><strong>Egypt wants to add another 10k hotel rooms by the end of the year<\/strong>, after developers finished constructing 4k new rooms that will open to holidaymakers after global travel restrictions are eased and borders reopen, a Tourism Ministry source tells the newspaper. The additional 10k rooms will give us <strong>a total national stock of 215k hotel rooms<\/strong>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560229\" 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=\"560229\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/eni-scales-back-egypt-production-after-demand-shock\/\">\r\n                            Eni scales back Egypt production after demand shock                        <\/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\/21\/eni-scales-back-egypt-production-after-demand-shock\/\" 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\/21\/eni-scales-back-egypt-production-after-demand-shock\/')\">\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\/21\/eni-scales-back-egypt-production-after-demand-shock\/\">\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=Eni scales back Egypt production after demand shock&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/eni-scales-back-egypt-production-after-demand-shock\/\">\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\/21\/eni-scales-back-egypt-production-after-demand-shock\/&title=Eni scales back Egypt production after demand shock\">\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=Eni+scales+back+Egypt+production+after+demand+shock+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Feni-scales-back-egypt-production-after-demand-shock%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\/21\/eni-scales-back-egypt-production-after-demand-shock\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/294.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560230\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/eni-scales-back-egypt-production-after-demand-shock\/294-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/294.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"294.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/294.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/294.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560229\" class=\"content-area-description single-story post-560229 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-earnings-watch tag-energy tag-eni tag-enterpriseam tag-oil-and-gas 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>Eni\u2019s daily production of oil and gas from its Egypt-based assets fell 18% in 2020<\/strong>, as global energy markets reckoned with one of the biggest demand shocks in history thanks to the pandemic. Figures in the company\u2019s full-year <a href=\"https:\/\/www.eni.com\/content\/dam\/enicom\/documents\/press-release\/migrated\/2021-en\/02\/eni-fourth-quarter-2020-ceo-claudio-descalzi-comments-results.pdf\">earnings statement (pdf)<\/a> show that oil and gas production slumped to 291k barrels of oil equivalent per day (boe\/d) from 354k in 2019, while natural gas output fell 20% to 1,203 mn cubic feet per day. The energy major operates Egypt\u2019s giant Zohr natural gas field, the Noor concession, and the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad5970a1-92ff-4549-8f1e-39e6ebc941a1\">Damietta LNG plant<\/a>, among others.<\/p>\n<p><strong>Eni remained in the black for 2020<\/strong>, despite seeing revenues plunge 36% to EUR 18 bn. The company cut back on capital spending, allowing it to net a EUR 1.7 bn bottom line through the year, down 43% from almost EUR 3 bn in 2019.<\/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\/earnings-watch\/\">earnings watch<\/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\/eni\/\">Eni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/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=\"560231\" 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=\"560231\">\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\">SMEs<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/small-and-mid-sized-manufacturers-are-struggling-to-access-bank-finance-auc-study-suggests\/\">\r\n                            Small and mid-sized manufacturers are struggling to access bank finance, AUC study suggests                        <\/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\/21\/small-and-mid-sized-manufacturers-are-struggling-to-access-bank-finance-auc-study-suggests\/\" 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\/21\/small-and-mid-sized-manufacturers-are-struggling-to-access-bank-finance-auc-study-suggests\/')\">\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\/21\/small-and-mid-sized-manufacturers-are-struggling-to-access-bank-finance-auc-study-suggests\/\">\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=Small and mid-sized manufacturers are struggling to access bank finance, AUC study suggests&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/small-and-mid-sized-manufacturers-are-struggling-to-access-bank-finance-auc-study-suggests\/\">\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\/21\/small-and-mid-sized-manufacturers-are-struggling-to-access-bank-finance-auc-study-suggests\/&title=Small and mid-sized manufacturers are struggling to access bank finance, AUC study suggests\">\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=Small+and+mid-sized+manufacturers+are+struggling+to+access+bank+finance%2C+AUC+study+suggests+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Fsmall-and-mid-sized-manufacturers-are-struggling-to-access-bank-finance-auc-study-suggests%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\/21\/small-and-mid-sized-manufacturers-are-struggling-to-access-bank-finance-auc-study-suggests\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/296.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560232\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/small-and-mid-sized-manufacturers-are-struggling-to-access-bank-finance-auc-study-suggests\/296-jpg-46\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/296.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"296.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/296.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/296.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560231\" class=\"content-area-description single-story post-560231 post type-post status-publish format-standard has-post-thumbnail hentry category-smes tag-auc tag-banking tag-central-bank-of-egypt tag-debt tag-education tag-enterpriseam tag-finance tag-manufacturing tag-smes 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>Small businesses have continued to have limited access to bank finance, and <\/strong><strong>manufacturers have suffered more than most <\/strong>despite the Central Bank of Egypt\u2019s (CBE) efforts to increase SME-oriented lending and improve business conditions for the private sector, according to <a href=\"https:\/\/ent.news\/2021\/2\/1613466737pdfEnglish-paper_web.pdf\">an AUC policy paper (pdf)<\/a>. The study \u2014 conducted by labor economist Mona Amer and Cairo University assistant professor Irene Selwaness \u2014 found that access to finance remains a \u201cmajor constraint\u201d for small and medium-sized manufacturers even as a plethora of CBE programs have tried to channel liquidity to the sector.<\/p>\n<p><strong>What\u2019s to blame?<\/strong> The authors point the finger at how micro businesses and SMEs are defined, arguing that categorizing them based on turnover and capital while ignoring the staff headcount can produce biases that tip the scale to favor larger firms. They also argue that the central bank\u2019s programs haven\u2019t been sufficiently targeted at the businesses most in need of capital.<\/p>\n<p><strong>Problem-solving:<\/strong> To ensure that liquidity is provided to companies that most need it, the authors recommend that all existing funding schemes are monitored and evaluated, and that new programs that better target manufacturing SMEs are introduced. Non-bank lending could be promoted as alternative sources of finance for businesses, while financial training should be rolled out to bank employees to help them allocate credit effectively.<\/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\/auc\/\">AUC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/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\/smes\/\">SMEs<\/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=\"560233\" 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=\"560233\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/tawasol-isnt-self-financing-ams-acquisition\/\">\r\n                            Tawasol isn\u2019t self-financing AMS acquisition                        <\/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\/21\/tawasol-isnt-self-financing-ams-acquisition\/\" 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\/21\/tawasol-isnt-self-financing-ams-acquisition\/')\">\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\/21\/tawasol-isnt-self-financing-ams-acquisition\/\">\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=Tawasol isn\u2019t self-financing AMS acquisition&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/tawasol-isnt-self-financing-ams-acquisition\/\">\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\/21\/tawasol-isnt-self-financing-ams-acquisition\/&title=Tawasol isn\u2019t self-financing AMS acquisition\">\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=Tawasol+isn%E2%80%99t+self-financing+AMS+acquisition+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Ftawasol-isnt-self-financing-ams-acquisition%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\/21\/tawasol-isnt-self-financing-ams-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560233\" class=\"content-area-description single-story post-560233 post type-post status-publish format-standard hentry category-debt-watch tag-alexandria-medical-services tag-debt-watch tag-enterpriseam tag-healthcare tag-ma-watch tag-tawasol-holdings wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>FACT CHECK- Is Tawasol Holdings self-financing its acquisition of a stake in <\/strong><strong>Alexandria Medical Services?<\/strong> Not according to its financial advisor, Prime Capital, whose managing director Sherif Bolbol told Enterprise that the company could turn to bank finance to fund the transaction. <a href=\"https:\/\/bit.ly\/3br2lyz\">Al Mal<\/a> reported on Thursday that Tawasol is planning to self-finance the takeover, but Bolbol tells us that it is in advanced talks with an unnamed bank and that the exact structure of financing will be decided later.<\/p>\n<p><strong>The transaction is c. 2 months away from closing: <\/strong>All documents related to the purchase offer, which includes development plan and listing status, will be submitted within two months to the EGX and the Financial Regulatory Authority, he added. Tawasol Holdings, which already holds a 25.92% stake in Alex Medical, is looking to take <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da0d6b7d-f168-4ce8-9ab7-fc3e80efa7d2\">full ownership of the company<\/a> by snapping up the remaining stake at EGP 38.09 per share.<\/p>\n<p><strong>OTHER DEBT NEWS- <\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.egyptlearninggroup.com\/\">Egypt Learning Group<\/a><\/strong><strong> (ELG)<\/strong><strong> will receive a EGP 113 mn loan from the National <\/strong><strong>Bank of Egypt<\/strong> to fund the establishment of an international schools complex in Sixth of October City, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=20022021&id=7bc0a544-0639-4e70-ab6a-160f68b3ddbf\">Al Shorouk<\/a> reports, citing unnamed banking sources. The long-term facility will fund 41% of the EGP 275 mn first phase of the project. ELG <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/07\/egypt-learning-mulls-investing-egp-1-bn-to-set-up-4-schools\/\">had<\/a><a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/07\/egypt-learning-mulls-investing-egp-1-bn-to-set-up-4-schools\/\">invested<\/a> a separate EGP 1 bn in two schools \u2014 the <a href=\"https:\/\/www.egyptlearninggroup.com\/leads-english-school\">Leeds English School<\/a> and <a href=\"https:\/\/www.egyptlearninggroup.com\/leads-british-school\">Leeds British School<\/a> \u2014 in Sheikh Zayed and the Fifth Settlement respectively.<\/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\/alexandria-medical-services\/\">Alexandria Medical Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/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\/tawasol-holdings\/\">Tawasol Holdings<\/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=\"560234\" 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=\"560234\">\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\">Real estate<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/real-estate-companies-paying-up-to-comply-with-new-north-coast-land-regs\/\">\r\n                            Real estate companies paying up to comply with new North Coast land regs                        <\/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\/21\/real-estate-companies-paying-up-to-comply-with-new-north-coast-land-regs\/\" 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\/21\/real-estate-companies-paying-up-to-comply-with-new-north-coast-land-regs\/')\">\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\/21\/real-estate-companies-paying-up-to-comply-with-new-north-coast-land-regs\/\">\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=Real estate companies paying up to comply with new North Coast land regs&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/real-estate-companies-paying-up-to-comply-with-new-north-coast-land-regs\/\">\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\/21\/real-estate-companies-paying-up-to-comply-with-new-north-coast-land-regs\/&title=Real estate companies paying up to comply with new North Coast land regs\">\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=Real+estate+companies+paying+up+to+comply+with+new+North+Coast+land+regs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Freal-estate-companies-paying-up-to-comply-with-new-north-coast-land-regs%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\/21\/real-estate-companies-paying-up-to-comply-with-new-north-coast-land-regs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/297.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560235\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/real-estate-companies-paying-up-to-comply-with-new-north-coast-land-regs\/297-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/297.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"297.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/297.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/297.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560234\" class=\"content-area-description single-story post-560234 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-emaar-misr tag-enterpriseam tag-north-coast tag-palm-hills-developments tag-real-estate tag-sodic wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Top national players including Sodic, Emaar Misr, and Palm Hills are among hundreds of real estate developers<\/strong><strong> in talks over payments to regularize the status of their land on the North Coast<\/strong> under new regulations ratified by President Abdel Fattah El Sisi last year, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=20022021&id=848435d8-9b31-4e6a-86cf-97f8c43c6ade\">Al Shorouk<\/a> reports, citing unnamed government sources. The new regulations are part of the government\u2019s redevelopment plan for the \u201cwestern\u201d North Coast, which place some 707k feddans on the coast under the ownership of the New Urban Communities Authority (NUCA) to set up its own developments. This development plan is expected to be complete over four-five years.<\/p>\n<p><strong>The only problem is that the decision covers land that developers have already purchased and built compounds on<\/strong>, and it appears that the prior purchase and development of land plots does not exempt them from having to pay a fee to regularize their status. Around 200 companies are now on track to regularize the status of some 250k feddans within six months, and 15 companies have submitted the necessary paperwork and signed agreements so far, the government sources say.<\/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\/emaar-misr\/\">Emaar Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/north-coast\/\">north coast<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palm-hills-developments\/\">Palm Hills Developments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/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=\"560236\" 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=\"560236\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/prime-group-to-debut-two-subsidiaries-on-egx-this-year\/\">\r\n                            Prime Group to debut two subsidiaries on EGX this year                        <\/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\/21\/prime-group-to-debut-two-subsidiaries-on-egx-this-year\/\" 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\/21\/prime-group-to-debut-two-subsidiaries-on-egx-this-year\/')\">\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\/21\/prime-group-to-debut-two-subsidiaries-on-egx-this-year\/\">\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=Prime Group to debut two subsidiaries on EGX this year&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/prime-group-to-debut-two-subsidiaries-on-egx-this-year\/\">\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\/21\/prime-group-to-debut-two-subsidiaries-on-egx-this-year\/&title=Prime Group to debut two subsidiaries on EGX this year\">\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=Prime+Group+to+debut+two+subsidiaries+on+EGX+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Fprime-group-to-debut-two-subsidiaries-on-egx-this-year%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\/21\/prime-group-to-debut-two-subsidiaries-on-egx-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560236\" class=\"content-area-description single-story post-560236 post type-post status-publish format-standard hentry category-ipo-watch tag-enterpriseam tag-ipo-watch tag-prime-group wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong><a href=\"http:\/\/primegroupegypt.com\/\">Prime Group<\/a><\/strong><strong> plans to debut its subsidiaries Prime Hospitality and Prime Real<\/strong><strong> Estate on the EGX this year<\/strong>, Prime Group Chairperson Tamer Wagih told <a href=\"https:\/\/tinyurl.com\/1uks50vd\">Masrawy<\/a>. Wagih did not provide further details on the expected size of the stake sales. The company is currently studying the planned listings and should have a clearer picture by the end of 1Q2021. The company also plans to establish a EGP 1.5 bn Prime Outlet Cairo Mall on the Cairo Ismailia Desert road in 1Q2022, Wagih 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\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/prime-group\/\">Prime Group<\/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=\"560237\" 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=\"560237\">\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\">ENVIRONMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/afdb-could-be-the-newest-lender-to-support-our-water-saving-plan\/\">\r\n                            AfDB could be the newest lender to support our water-saving plan                        <\/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\/21\/afdb-could-be-the-newest-lender-to-support-our-water-saving-plan\/\" 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 project will modernize an outdated network covering 600k feddans of agricultural land, 450k of which are in lower Egypt and 150k of which are in Upper Egypt, and will expand and deepen drainage canals serving 100k feddans nationwide. The project aims to retrieve higher quality wastewater to be reused for irrigation as part of a <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/09\/irrigation-minister-outlines-usd-50-bn-plan-for-combating-water-scarcity-2\/\">USD 50 bn<\/a><a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/09\/irrigation-minister-outlines-usd-50-bn-plan-for-combating-water-scarcity-2\/\">multi-year water-saving plan<\/a> through 2037.<\/p>\n<p><strong>The Irrigation Ministry is undecided on how much it plans to secure from the multilateral lender<\/strong>, with the remainder of the financing set to come from state coffers.<\/p>\n<p><strong>Authorities have been stepping up efforts to <\/strong><strong>bolster Egypt's water infrastructure<\/strong><strong>: <\/strong>The long term plan involves encouraging the use of modern irrigation methods, the cultivation of fewer water-intensive crops, and the establishment of desalination plants. Expanding irrigation networks to reduce agricultural water use is a policy priority in 2021, with the government planning to provide loans and technical support to farmers covering 300k feddans, Irrigation Ministry spokesperson Mohamed Ghanem previously <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a706c7f-6b04-48a9-97ec-cf222060b61f\">told Enterprise<\/a>.<\/p>\n<p><strong>The plan has gained a new sense of urgency over the past few years<\/strong>, particularly after Egypt\u2019s share of Nile water fell by 5 bn cbm <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/31\/egypt-announces-state-of-emergency-as-nile-water-volumes-fall-5-bn-cubic-meters-in-2019\/\">in 2019<\/a> due to decreasing rainfall in the Ethiopian highlands. More pressing shortages are set to occur in the near future with the filling of the Grand Ethiopian Renaissance Dam potentially curbing Egypt\u2019s water supply, and <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/19\/egypts-water-security-endangered-by-climate-change-gerd-filling\/\">too little<\/a> or <a href=\"https:\/\/enterprise.press\/hardhats\/can-egypt-ready-next-dragon-storm\/\">too much<\/a> rainfall brought about by the effects of climate change causing more waste if the grid is not upgraded.<\/p>\n<p><strong>But it hasn\u2019t been an easy undertaking:<\/strong> Improving water grid infrastructure in Cairo alone over the last five years ate up EGP 5.5 bn, Cairo Wastewater Company Chairman Adel Hassan told Enterprise <a href=\"https:\/\/enterprise.press\/hardhats\/state-needs-plug-leaks-water-network\/\">last year<\/a>. An in-the-works plan to rehabilitate and depollute Egypt\u2019s longest agriculture waste drain \u2014 the 69 km Kitchener drain running through the Nile Delta \u2014 is expected to cost <a href=\"https:\/\/www.albawabhnews.com\/4265170\">EUR 481 mn<\/a>. Constructing a wastewater treatment facility is also another costly endeavor, with the planned Bahr El Baqar water treatment system expected to set the state back <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8cefc40d-ab3d-40c0-9e64-2c3007a6797b\">some EGP 25 bn<\/a>.<\/p>\n<p><strong>WANT A PRIMER ON OUR AILING WATER INFRASTRUCTURE?<\/strong> Hardhat took a deep dive late last year on what were the causes of leakages in our drinking water and irrigation water infrastructure, and what we\u2019re doing about it. Read: <a href=\"https:\/\/enterprise.press\/hardhats\/egypt-losing-much-drinking-water\/\">Part 1<\/a>, <a href=\"https:\/\/enterprise.press\/hardhats\/state-needs-plug-leaks-water-network\/\">Part 2<\/a>, and <a href=\"https:\/\/enterprise.press\/hardhats\/water-leakage-agriculture-pressing-water-infrastructure-problem\/\">Part 3<\/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\/african-development-bank\/\">African Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment-watch\/\">ENVIRONMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560239\" 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=\"560239\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/consumer-healthcare-outfit-idh-says-it-will-beat-fy2020-guidance\/\">\r\n                            Consumer healthcare outfit IDH says it will beat FY2020 guidance                        <\/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\/21\/consumer-healthcare-outfit-idh-says-it-will-beat-fy2020-guidance\/\" 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\/21\/consumer-healthcare-outfit-idh-says-it-will-beat-fy2020-guidance\/')\">\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\/21\/consumer-healthcare-outfit-idh-says-it-will-beat-fy2020-guidance\/\">\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=Consumer healthcare outfit IDH says it will beat FY2020 guidance&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/consumer-healthcare-outfit-idh-says-it-will-beat-fy2020-guidance\/\">\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\/21\/consumer-healthcare-outfit-idh-says-it-will-beat-fy2020-guidance\/&title=Consumer healthcare outfit IDH says it will beat FY2020 guidance\">\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=Consumer+healthcare+outfit+IDH+says+it+will+beat+FY2020+guidance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Fconsumer-healthcare-outfit-idh-says-it-will-beat-fy2020-guidance%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\/21\/consumer-healthcare-outfit-idh-says-it-will-beat-fy2020-guidance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560239\" class=\"content-area-description single-story post-560239 post type-post status-publish format-standard hentry category-earnings-watch tag-earnings-watch tag-enterpriseam tag-hend-el-sherbini tag-integrated-diagnostics-holding 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> London-listed, Cairo-headquartered consumer healthcare firm <strong>Integrated Diagnostic Holdings <\/strong><strong>(IDH) beat its guidance for FY2020<\/strong>, <a href=\"https:\/\/investors.idhcorp.com\/rns\/view\/691\">saying in a trading update<\/a> that it expects to post revenues of c. EGP 2.6 bn with an EBITDA margin in excess of 40%. The company had previously suggested it expected revenues to close in the EGP 2.3-2.4 bn range for the fiscal year ending 31 December 2020. \u201cFollowing Covid-19-related disruptions early in the year, starting in the second half of 2020 we witnessed accelerated top-line growth which culminated in a robust fourth quarter as the business captured strong consumer demand across its portfolio,\u201d CEO Hend El Sherbini said. IDH\u2019s 4Q results will \u201creflect a strong contribution from PCR and covid-19-related testing in Egypt and Jordan and the ramping up of IDH's house call services in both countries.\u201d IDH operates in Egypt, Jordan, Sudan and Nigeria and is best known at home for its Al Borg and Al Mokhtabar brands. <strong>The company is presently looking to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60502ff9-66f9-4b0e-939d-b8d68cfe0863\">list its shares on the EGX<\/a><\/strong> while maintaining a primary listing on the LSE.<\/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\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hend-el-sherbini\/\">Hend El Sherbini<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/integrated-diagnostics-holding\/\">Integrated Diagnostics Holding<\/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=\"560240\" 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=\"560240\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/560240\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560240\" class=\"content-area-description single-story post-560240 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=\"560241\" 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\" 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class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-thcgwhd\" data-v=\"4\" data-block-id=\"thcgwhd\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-thcgwhd-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-thcgwhd-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button 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0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560242\" 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=\"560242\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/last-nights-talk-shows-on-21-february-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 21 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\/21\/last-nights-talk-shows-on-21-february-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n  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href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows+on+21+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Flast-nights-talk-shows-on-21-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\/21\/last-nights-talk-shows-on-21-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560242\" class=\"content-area-description single-story post-560242 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-amr-adib tag-digitization tag-enterpriseam tag-last-nights-talk-shows tag-supreme-constitutional-court wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The digitalization of court documents and archives in Egypt and across Africa<\/strong> was at the top of the talking heads\u2019 agendas yesterday, after President Abdel Fattah El Sisi called for the transformation in a speech to the heads of Africa\u2019s constitutional courts, Masaa DMC\u2019s Eman El Hosary noted. (<a href=\"https:\/\/www.youtube.com\/watch?v=UhfZcKmS6EI\">watch, runtime: 5:23<\/a>). A digital platform to allow for communication between the continent\u2019s judiciaries is now in the works, Supreme Constitutional Court spokesperson Boulos Fahmy told Al Hayah Al Youm\u2019s Mohamed Sherdy (<a href=\"https:\/\/www.youtube.com\/watch?v=0oFjRiX76ng\">watch, runtime: 9:14<\/a>).<\/p>\n<p><strong>Amr Adib is on the mend, but is on leave to recover from his car accident last week<\/strong>, <a href=\"https:\/\/www.masrawy.com\/news\/news_egypt\/details\/2021\/2\/20\/1974110\/%D8%A8%D8%B9%D8%AF-%D8%AD%D8%A7%D8%AF%D8%AB-%D8%AF%D9%87%D8%B4%D9%88%D8%B1-%D9%85%D8%B5%D8%AF%D8%B1-%D8%A8%D9%80-mbc-%D9%85%D8%B5%D8%B1-%D9%8A%D9%88%D8%B6%D8%AD-%D9%85%D9%88%D9%82%D9%81-%D8%B9%D9%85%D8%B1%D9%88-%D8%A3%D8%AF%D9%8A%D8%A8-%D9%85%D9%86-%D8%A7%D9%84%D8%B8%D9%87%D9%88%D8%B1-%D9%81%D9%8A#sectionListing\">an official from MBC Masr<\/a> said. Lamees El Hadidi \u2014 Adib\u2019s better half \u2014 took the time to reassure viewers that the host is in stable condition and thanked everyone for their well wishes (<a href=\"https:\/\/www.youtube.com\/watch?v=4E5dCcSt5iY\">watch, runtime: 5:60<\/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\/amr-adib\/\">Amr Adib<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digitization\/\">digitization<\/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\/supreme-constitutional-court\/\">Supreme Constitutional Court<\/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=\"560243\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560244\" 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=\"560244\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/egypt-in-the-news-on-21-february-2021\/\">\r\n                            Egypt in the News on 21 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\/21\/egypt-in-the-news-on-21-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\/21\/egypt-in-the-news-on-21-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\/21\/egypt-in-the-news-on-21-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 21 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/egypt-in-the-news-on-21-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\/21\/egypt-in-the-news-on-21-february-2021\/&title=Egypt in the News on 21 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+21+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Fegypt-in-the-news-on-21-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\/21\/egypt-in-the-news-on-21-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/299.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560245\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/egypt-in-the-news-on-21-february-2021\/299-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/299.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"299.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/299.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/299.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560244\" class=\"content-area-description single-story post-560244 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-defense tag-enterpriseam tag-film tag-human-rights tag-israel tag-politics tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Biden administration\u2019s rhetoric on human rights is being called into question<\/strong> <strong>in the foreign press this morning<\/strong> after the government last week gave the all-clear to an arms sale to Egypt on the same day as members of Egyptian-American activist Mohamed Soltan\u2019s family <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7e9b06c-0601-45c3-b01f-8792f73b7924\">were detained<\/a> here. The State Department said in <a href=\"https:\/\/www.state.gov\/briefings\/department-press-briefing-february-17-2021\/#post-218912-EGYPT\">a press briefing<\/a> that the sales was a \u201croutine replenishment.\u201d <a href=\"https:\/\/www.washingtonpost.com\/opinions\/global-opinions\/biden-egypt-mohamed-soltan-sissi\/2021\/02\/18\/b25ca226-720a-11eb-93be-c10813e358a2_story.html\">The Washington Post<\/a> editorial board wrote in an op-ed on Thursday that the sale conflicts with the administration\u2019s call for a tougher stance on rights abuses, while <a href=\"https:\/\/www.forbes.com\/sites\/michaelposner\/2021\/02\/19\/if-the-us-wants-to-promote-human-rights-in-egypt-it-should-link-military-aid-to-real-reform\/?sh=72323b8c5352\">Forbes<\/a> contributor Michael Posner urges a rethink of the sale. <a href=\"https:\/\/www.hrw.org\/news\/2021\/02\/19\/egypt-escalating-reprisals-arrests-critics-families\">Human Rights Watch<\/a> has also weighed in.<\/p>\n<p><strong>Also getting some digital ink: Egypt\u2019s \u201cJewish Disney bros,\u201d <\/strong>the story of Herschel, Shlomo and David Frenkel, is being told by the <a href=\"https:\/\/www.timesofisrael.com\/jewish-disney-bros-who-founded-egypt-animation-industry-make-triumphant-return\/\">Times of Israel<\/a>. The three brought cartoon animation to Egypt in the 1930s and will be featured in an Israeli documentary film, <a href=\"https:\/\/www.youtube.com\/watch?v=dPL5oTU9RzM&feature=emb_title&ab_channel=MenemshaFilms\">Bukra fil Mish-Mish<\/a>. Meanwhile, two Egyptian sisters who intersected with <a href=\"https:\/\/www.nytimes.com\/2021\/02\/17\/opinion\/saudi-arabia-biden.html%0A\">New York Times<\/a> columnist Nicholas Kristof get attention for having \u201cstood up to goons with clubs and razors in Egypt\u201d a decade ago.<\/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\/defense\/\">Defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/film\/\">film<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/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\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560246\" 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=\"560246\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/also-on-our-radar-on-21-february-2021\/\">\r\n                            Also on our radar on 21 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\/21\/also-on-our-radar-on-21-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\/21\/also-on-our-radar-on-21-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\/21\/also-on-our-radar-on-21-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 21 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/also-on-our-radar-on-21-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\/21\/also-on-our-radar-on-21-february-2021\/&title=Also on our radar on 21 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+21+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Falso-on-our-radar-on-21-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\/21\/also-on-our-radar-on-21-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560246\" class=\"content-area-description single-story post-560246 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-arab-contractors tag-easyjet tag-enterpriseam tag-hurghada tag-infrastructure tag-sharm-el-sheikh tag-tourism tag-wastewater wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>French infrastructure firm <strong>Suez<\/strong> and <strong>Arab Contractors<\/strong> will take over operations and maintenance work at a <a href=\"https:\/\/bit.ly\/3ub6ijL\">wastewater treatment plant<\/a> in Cairo\u2019s Gabal El Asfar on 1 March, Suez said in <a href=\"https:\/\/www.suez.com\/en\/news\/press-releases\/in-egypt-suez-wins-an-operation-and-maintenance-contract-for-one-of-the-largest-wastewater-treatment-plants-in-africa\">a statement<\/a> on Wednesday. The EUR 40 mn contract will see the two companies manage the facility for four years and carry out work to improve its energy efficiency. The plant has a capacity of 1 mn cbm\/day, and treats wastewater for almost 5 mn people living in Cairo.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>The <strong>Natural Gas Vehicles Company<\/strong> (Cargas) is <a href=\"https:\/\/alborsaanews.com\/2021\/02\/18\/1419699\">planning to set up<\/a> some 170 natgas refueling stations at a cost of some EGP 2.5 bn as part of the state\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b32a76e-edee-488e-bb81-5700f30f1229\">natgas transition plan<\/a>.<\/li>\n<li><strong>EasyJet<\/strong> will <a href=\"https:\/\/bit.ly\/3ugrjt7\">begin operating<\/a> direct flights to Sharm El Sheikh and Hurghada from London Luton in June.<\/li>\n<li><strong>Libyan Airlines<\/strong> flights are <a href=\"http:\/\/gate.ahram.org.eg\/News\/2610268.aspx\">allowed to land<\/a> in Egypt again after a one-year hiatus.<\/li>\n<li>A 10k feddan orange farm will be <a href=\"http:\/\/www.msit.gov.eg\/details.html?topicID=901\">established<\/a> in <strong>El Wadi El Gedid<\/strong> under the terms of an agreement between the <strong>Supply Ministry<\/strong> and Greek company <strong><a href=\"http:\/\/www.orangebeglobal.com\/\">Orange Be Global<\/a><\/strong>.<\/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\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/easyjet\/\">EasyJet<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sharm-el-sheikh\/\">Sharm El Sheikh<\/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\/wastewater\/\">wastewater<\/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=\"560247\" 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=\"560247\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/what-the-markets-are-doing-on-21-february-2021\/\">\r\n                            What the markets are doing on 21 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\/21\/what-the-markets-are-doing-on-21-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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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> Climate change mitigation is the only factor that can drive the so-called <\/strong><strong>commodities supercycle. <\/strong>This is the takeaway from an op-ed by CRU Chief Economist Jumana Saleheen for <a href=\"https:\/\/www.ft.com\/content\/484dc82b-9b28-4f8c-bda8-1a708e2aff6d\">the Financial Times<\/a> who casts doubt that the recent \u201cpanglossian\u201d optimism over vaccines will bring us a new commodities boom, and warns those who are banking on huge new demand from China about Beijing\u2019s its new <a href=\"https:\/\/www.reuters.com\/article\/china-economy-transformation-explainer-idUSKBN2600B5\">dual circulation strategy<\/a>, which will lessen its dependence on commodity imports.<\/p><p><strong>Too early to call a supercycle?<\/strong> Huge demand for copper, nickel, lithium, cobalt and other materials necessary to produce low-carbon technology could be created, but only when policymakers act decisively. \u201c<strong>Climate action is the only factor that has the potential to drive a multiyear commodity price rally<\/strong>. But a lot must be said and done before that materializes. It is too early to call a supercycle,\u201d she writes.<\/p><p><strong>Inflation is on the increase in the US and this isn\u2019t great for emerging markets. <\/strong>The pickup has translated into higher treasury yields, meaning it could drive investors away from EMs and diminish the rally in EM asset classes as risky holdings become less attractive, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-18\/reflation-euphoria-may-come-back-to-haunt-emerging-markets?sref=mmeFTDW1\">Bloomberg<\/a>. Investors are pricing in Biden\u2019s USD 1.9 tn stimulus plan, driving the benchmark 10-year yields to their highest level in a year. This could also mean a quick repricing in EM bonds, said Sid Mathur, head of Asia Pacific research at BNP Paribas.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,381<\/p>\n<\/td>\n<td>\n<p>-0.3% (YTD: +4.9%)<\/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>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.61<\/p>\n<\/td>\n<td>\n<p>Sell 15.71<\/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>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.60<\/p>\n<\/td>\n<td>\n<p>Sell 15.70<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>9,024<\/p>\n<\/td>\n<td>\n<p>-0.7% (YTD: +3.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,643<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +11.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,576<\/p>\n<\/td>\n<td>\n<p>-0.7% (YTD: +3.4%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,907<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +4.0%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,624<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +2.5%)<\/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>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 62.91<\/p>\n<\/td>\n<td>\n<p>-1.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.07<\/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>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,777.40<\/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 56,579.03<\/p>\n<\/td>\n<td>\n<p>+0.9%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 fell 0.3% on Thursday<\/strong> on turnover of EGP 1.3 bn (9.8% below the 90-day average). Local investors were net buyers. The index is up 4.9% year-to-date.<\/p><p><strong>In the green:<\/strong> Orascom Investment Holding (+4.3%), Abou Kir Fertilizers (+3.3%) and Sidi Kerir Petrochemicals (+3.2%).<\/p><p><strong>In the red:<\/strong> Orascom Financial Holding (-6.2%), Palm Hills Development (-3.2%) and ElSewedy Electric (-2.7%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change-action\/\">climate change action<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jumana-seleheen\/\">Jumana Seleheen<\/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\/planet-finance\/\">Planet Finance<\/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=\"560248\" 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=\"560248\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/is-the-us-going-easier-on-ethiopia-over-gerd\/\">\r\n                            Is the US going easier on Ethiopia over GERD?                        <\/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\/21\/is-the-us-going-easier-on-ethiopia-over-gerd\/\" 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\/21\/is-the-us-going-easier-on-ethiopia-over-gerd\/')\">\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\/21\/is-the-us-going-easier-on-ethiopia-over-gerd\/\">\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=Is the US going easier on Ethiopia over GERD?&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/is-the-us-going-easier-on-ethiopia-over-gerd\/\">\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\/21\/is-the-us-going-easier-on-ethiopia-over-gerd\/&title=Is the US going easier on Ethiopia over GERD?\">\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=Is+the+US+going+easier+on+Ethiopia+over+GERD%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Fis-the-us-going-easier-on-ethiopia-over-gerd%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\/21\/is-the-us-going-easier-on-ethiopia-over-gerd\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560248\" class=\"content-area-description single-story post-560248 post type-post status-publish format-standard hentry category-around-the-world tag-abdel-fattah-el-sisi tag-around-the-world tag-aviation tag-diplomacy tag-enterpriseam tag-ethiopia tag-gerd tag-joe-biden tag-libya tag-politics tag-security tag-us 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-08\"><\/a> <strong>Is the<\/strong><strong> US going easier on Ethiopia over GERD?<\/strong> The US has decided to \u201cde-link\u201d aid payments to Ethiopia from the country\u2019s negotiating stance in the dispute with Egypt over the Grand Ethiopian Renaissance Dam (GERD), the State Department <a href=\"https:\/\/www.state.gov\/briefings\/department-press-briefing-february-19-2021\/#post-219386-ETHIOPIAEGYPT\">said<\/a> on Friday. The White House will set \u201ca number of factors\u201d for the resumption of the USD 272 mn in annual aid to Ethiopia that former president Donald Trump <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42548a58-6d51-48b8-8290-7ff439f618e0\">suspended<\/a> in September after it unilaterally began filling the dam without reaching an agreement with Egypt and Sudan.<\/p>\n<p><strong>As for the US\u2019 policies regarding the other <\/strong><strong>trouble<\/strong><strong> kids \u2026 <\/strong>The US-Saudi relationship is \u201ccomplicated,\u201d with balancing the US focus on Riyadh\u2019s human rights and the kingdom\u2019s position as a security and intelligence ally in the Middle East seems to be \u201cdifficult,\u201d according to <a href=\"https:\/\/www.ft.com\/content\/63784570-2f3f-4df9-87d3-f05c076b8560\">the Financial Times<\/a>. Although the Biden administration has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7e9b06c-0601-45c3-b01f-8792f73b7924\">already moved<\/a> to end the period of cosy relations Crown Prince Mohammed bin Salman enjoyed with the Trump White House, MbS is likely to evade personal blame for the murder of journalist Jamal Khashoggi in 2018. Biden also appears to be unlikely to go easy on China, calling on allies in <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2021\/02\/19\/remarks-by-president-biden-at-the-2021-virtual-munich-security-conference\/\">his address<\/a> to the annual Munich Security Conference on Friday to rebuff what he called Beijing\u2019s \u201ceconomic abuses and coercion\u201d and framing the tensions as an ideological battle between democracy and autocracy.<\/p>\n<p><strong>IN DIPLOMACY:<\/strong><\/p>\n<p><strong>On President Abdel Fattah El Sisi\u2019s agenda over the weekend:<\/strong> Talks on Libya\u2019s political reconciliation with interim Libyan Prime Minister <a href=\"https:\/\/bit.ly\/3boYpi2\">Abdul Hamid Dbeibah<\/a>, as well as pan-African development with Guinea-Bissau President <a href=\"https:\/\/tinyurl.com\/ysahg7ab\">Umaro Sissoco Embal\u00f3<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/joe-biden\/\">Joe Biden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560249\" 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=\"560249\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/tamer-amins-tv-show-suspended-egypt-makes-african-basketball-championships\/\">\r\n                            Tamer Amin\u2019s TV show suspended, Egypt makes African basketball championships                        <\/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\/21\/tamer-amins-tv-show-suspended-egypt-makes-african-basketball-championships\/\" 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=\"#\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Tamer+Amin%E2%80%99s+TV+show+suspended%2C+Egypt+makes+African+basketball+championships+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F21%2Ftamer-amins-tv-show-suspended-egypt-makes-african-basketball-championships%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\/21\/tamer-amins-tv-show-suspended-egypt-makes-african-basketball-championships\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/300.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560250\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/21\/tamer-amins-tv-show-suspended-egypt-makes-african-basketball-championships\/300-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/300.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"300.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/300.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/300.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560249\" class=\"content-area-description single-story post-560249 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-al-azhar tag-enterpriseam tag-on-your-way-out tag-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Akher Al Nahar has been suspended and host Tamer Amin\u2019s license has been <\/strong><strong><a href=\"https:\/\/bit.ly\/3uktUlS\">revoked<\/a><\/strong> after Amin suggested that the fecundity of Saeedis is directly linked to their need to put kids to work and bring in income, the Egyptian Supreme Council for Media Regulation said in <a href=\"https:\/\/bit.ly\/3bkaLrE\">a statement<\/a> yesterday. The TV host apologized for his comments, <a href=\"https:\/\/www.youtube.com\/watch?v=zXLh9reVme0&feature=emb_title&ab_channel=AlNaharTV\">saying on Friday<\/a> that they were taken out of context.<\/p>\n<p><strong>Covid sends Egypt through to the African basketball championships: <\/strong>The Egyptian national basketball team automatically qualified for AfroBasket 2021 after Thursday\u2019s match with Uganda was called off due to several Ugandan players testing positive for covid-19, <a href=\"https:\/\/www.kingfut.com\/2021\/02\/19\/basketball-egypt-african-championship\/\">KingFut<\/a> reports. Egypt, which led Group E with six points prior to the game, was declared to have won the game by Fiba Africa after the game was shelved, sending them through to this summer\u2019s championship, which will take place in Rwanda.<\/p>\n<p><strong>And while we\u2019re on the subject of sport:<\/strong> The national football team have maintained their position at #49 in the <a href=\"https:\/\/www.fifa.com\/fifa-world-ranking\/ranking-table\/men\/\">Fifa world rankings<\/a> in the first ranking of 2021.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-azhar\/\">Al Azhar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talk-shows\/\">talk shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560251\" 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\/21\/your-essential-business-calendar-on-21-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560251\" class=\"content-area-description single-story post-560251 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>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>26-28 February (Thursday-Saturday): The second edition of the <a href=\"https:\/\/tinyurl.com\/sphx25gq\">Egypt International Art Fair<\/a>will be held at Dusit Thani Lakeview Cairo.<\/p>\n<p>27 February (Saturday) \u2014 Mid-year school break ends for public schools and universities.<\/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>March: CBE \/ FRA fintech \u201cinnovation sprint.\u201d<\/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): The Union of Arab Banks holds <a href=\"https:\/\/bit.ly\/3dAbK9R\">a forum on compliance and combating financial crime<\/a>, Sharm El Sheikh.<\/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":560221,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-560220","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6f941348-860f-430a-be72-fabb2c645c9c","teaser":"","photo_url":"https:\/\/ent.news\/2021\/2\/290.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>Welcome, comrades: Are we closing in on Sputnik V \u2014 and direct flights to the Red Sea from Moscow? - 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\/welcome-comrades-are-we-closing-in-on-sputnik-v-and-direct-flights-to-the-red-sea-from-moscow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Welcome, comrades: Are we closing in on Sputnik V \u2014 and direct flights to the Red Sea from Moscow?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/welcome-comrades-are-we-closing-in-on-sputnik-v-and-direct-flights-to-the-red-sea-from-moscow\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:48:52+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\/290.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\/welcome-comrades-are-we-closing-in-on-sputnik-v-and-direct-flights-to-the-red-sea-from-moscow\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/welcome-comrades-are-we-closing-in-on-sputnik-v-and-direct-flights-to-the-red-sea-from-moscow\/\",\"name\":\"Welcome, comrades: Are we closing in on Sputnik V \u2014 and direct flights to the Red Sea from Moscow? 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