{"id":560263,"date":"2021-02-22T04:33:13","date_gmt":"2021-02-22T04:33:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=560263"},"modified":"2025-12-16T02:49:49","modified_gmt":"2025-12-16T02:49:49","slug":"enterprise-the-damietta-lng-plant-is-back","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-the-damietta-lng-plant-is-back\/","title":{"rendered":"Enterprise The Damietta LNG plant is back"},"content":{"rendered":"<section id=\"560265\" 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=\"560265\">\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\/22\/what-were-tracking-on-22-february-2021\/\">\r\n                            What we\u2019re tracking on 22 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\/22\/what-were-tracking-on-22-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\/22\/what-were-tracking-on-22-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\/22\/what-were-tracking-on-22-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 22 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/what-were-tracking-on-22-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\/22\/what-were-tracking-on-22-february-2021\/&title=What we\u2019re tracking on 22 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+22+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fwhat-were-tracking-on-22-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\/22\/what-were-tracking-on-22-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560265\" class=\"content-area-description single-story post-560265 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-amcham tag-customs tag-customs-authority tag-enterpriseam tag-food-export-council tag-gender tag-jonathan-cohen tag-nafeza tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, ladies and gentlemen<\/strong>, and welcome to what unexpectedly shaped up to be an eventful Monday.<\/p><p><strong>THE BIG STORY HERE AT HOME?<\/strong> It\u2019s a toss-up between the upcoming rollout of vaccines to elderly citizens and those with chronic illnesses, and the revival of the Damietta LNG facility after an eight-year hiatus. We have the details on both in this morning\u2019s news well.<\/p><p><strong>***<\/strong><\/p><p><strong>We\u2019re are absolutely delighted to welcome Infinity to Enterprise this morning<\/strong> as our newest pillar advertiser and as the anchor sponsor of our forthcoming weekly green economy vertical. Many of you will remember that last fall we singled out renewable energy in specific, and the green economy in general, as being among our \u201cbig themes\u201d going forward, alongside topics including AI, gender equity and ESG.<\/p><p><strong>We can think of no better partner with whom to turn the spotlight on all things green than<\/strong><strong> Infinity<\/strong>, the nation\u2019s leader in clean energy with six utility-scale projects installed nationwide, ambitious plans to build out the infrastructure that powers our electric vehicle future, and a range of solutions for commercial clients.<\/p><p><strong>It is thanks to Infinity and our longtime partners that we\u2019re able to keep bringing you<\/strong> <strong>EnterpriseAM each weekday <\/strong>without charge, so please join us in thanking our good friends at Pharos, CIB, Sodic and Somabay. We\u2019re also very grateful to the partners who help us bring you our weekly industry verticals \u2014 CIRA with Blackboard (education) and Orascom Construction with Hardhat (infrastructure). And last, but not least, thanks to all of you, our &gt;150k readers, for choosing to start your workday with us.<\/p><p><strong>***<\/strong><\/p><p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>*** CATCH UP QUICK on the top stories from yesterday\u2019s edition of EnterprisePM:<\/strong><\/p><ul>\n<li><strong>We can register for our covid jab <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ebc043e8-bc42-4a2b-9ca5-136ac2835180\">starting next week<\/a><\/strong> on the <a href=\"http:\/\/mohpegypt.com\/#\/home\">Health Ministry's website<\/a>, with priority going to the elderly and people with chronic illnesses.<\/li>\n<li><strong>Raya subsidiary Aman is planning to take EGP 600 mn <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7863b21d-bcba-40a1-befa-b3e65d93f131\">in securitized bonds<\/a><\/strong> to market before 2Q2020.<\/li>\n<li><strong><a href=\"https:\/\/efghermescorp.solutions\/\">EFG Hermes Corp-Solutions<\/a><\/strong><strong> is also looking to ramp up its securitization portfolio in 2021<\/strong>, after its total portfolio grew 55% last year, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b380be47-dace-4f2a-807e-cc3ab3d6ed0d\">CEO Talal Elayat told us<\/a>.<\/li>\n<\/ul><p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p><p><strong>DIVERSITY- The state budgeting process is on track to becoming more<\/strong><strong> gender-conscious thanks to a special Planning Ministry unit<\/strong> dedicated to that goal, with one eye on its UN sustainable development goals, Minister Hala El Said announced in <a href=\"https:\/\/bit.ly\/37z8XtP\">a statement<\/a> yesterday. The new unit will advocate for women\u2019s fair share in the state budget and help equip them with tools to join the labor force while balancing family life, and increase transparency on how the budget is put together, El Said said.<\/p><p><strong>The timing of the disbursement of the final instalment of the monthly stipend for<\/strong><strong> informal laborers will be decided today<\/strong>, <a href=\"https:\/\/tinyurl.com\/yxo3hjwj\">Youm7<\/a> reports, citing unnamed government sources. The stipend was introduced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/ca2da4bc-6115-491a-b9ad-afe0558f1045\">last year<\/a> to support day laborers through the economic fallout from covid-19.<\/p><p><strong>International sporting delegations are in town to take part in the World Shooting<\/strong><strong> Championships<\/strong>, which kicks off today and runs until next Thursday, 4 March at the Shooting Club in 6th of October, the Youth Ministry announced in a <a href=\"https:\/\/tinyurl.com\/xwcpye80\">statement<\/a>.<\/p><p><strong>PSA- Expect showers and possible thunderstorms across Sahel and Sinai today<\/strong>, with the wet weather extending to Cairo and Upper Egypt tomorrow. High winds are expected throughout the country, the National Weather Service warned in a <a href=\"https:\/\/tinyurl.com\/2re265v2\">statement<\/a>.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>US ambassador to Egypt Jonathan Cohen is speaking about US-Egypt relations in a<\/strong><strong> webinar hosted by AmCham Egypt tomorrow <\/strong>at 3pm CLT. The webinar, titled \u201cThe US-Egypt Partnership and Outlook for 2021,\u201d will see Cohen cover bilateral relations between the countries and share his outlook for this year.<\/p><p><strong>Calling all exporters: Learn how to navigate the new <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db89f9d3-7845-43d9-bb0a-35d9132a4b9f\">Nafeza pre-registration<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db89f9d3-7845-43d9-bb0a-35d9132a4b9f\">customs system<\/a><\/strong> at this webinar hosted by the Food Export Council and the Customs Authority. The event takes place this Wednesday, 24 February, at 12pm CLT. <a href=\"https:\/\/l.facebook.com\/l.php?u=https%3A%2F%2Fforms.gle%2FsBEAaPEtHeswA2PH8%3Ffbclid%3DIwAR3ZMmkdv2zixKbvQEGLkfR8ONtncv_jAxFoglHTCTzmiHe0y5u_p_JZn5Q&amp;h=AT0xfFyMtE49v2CXs-9BNG1iiYEse6zXAbP5MO32ONfWVl1DmAPRQJ2fW4Q7WpzweMXpn6bCUB3b-lFMrBA6jwUgwMjzSVUGLeOrAcCUoZ69R0YnLeBRa_Zgek49DV7pSQ&amp;__tn__=-UK-R&amp;c%5b0%5d=AT1cbn4VUcGPX_m80oIGFEURXDXevBx0MJK6MgdME693fte2xww_J7ej3JSXMYoU3EkgvZgvekhEOMcTLbiMvpOsMBKMa9-0K8mC3ypZlLn0b5F0z4mfJf51nQVpICR3VntN-ovMrKDjoHqkMCz9EYjSq8G5DGrwrsNH7gcEduVN-zo\">Tap or click here to register.<\/a><\/p><p><strong>The <\/strong><strong><a href=\"http:\/\/afrofuturesummit.com\/\">Afro Future Summit<\/a><\/strong><strong> is taking place this Thursday, 25 February.<\/strong> The summit will be held virtually.<\/p><p><strong>The <\/strong><strong><a href=\"https:\/\/tinyurl.com\/sphx25gq\">Egypt International Art Fair<\/a><\/strong><strong>also kicks off this Thursday<\/strong> at Dusit Thani Lakeview Cairo, and is set to wrap on Saturday, 28 February.<\/p><p><strong>The <\/strong><strong><a href=\"https:\/\/www.aswanforum.org\/\">Aswan Forum for Peace and Development<\/a><\/strong><strong> begins a week from today<\/strong>, on Monday, 1 March. The virtual event will run through Friday, 5 March under the title \u201cShaping Africa\u2019s new normal: Recovering stronger, rebuilding better.\u201d Representatives from governments, civil society, academia, financial institutions, and international organizations, will all weigh in on the risks, challenges, and potential solutions for sustainable development in the continent.<\/p><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> Demand for Egypt\u2019s private sector education continues to be high, raising questions on what needs to happen to encourage investors to capitalize on that market. Earlier this month, we looked at the growth potential for the K-12 segment. In part two of this series, we focus our attention on higher education.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amcham\/\">AmCham<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs\/\">customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs-authority\/\">Customs Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-export-council\/\">Food Export Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jonathan-cohen\/\">Jonathan Cohen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nafeza\/\">Nafeza<\/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=\"560266\" 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=\"560266\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/560266\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560266\" class=\"content-area-description single-story post-560266 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\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=\"560267\" 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=\"560267\">\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\/22\/covid-is-making-its-way-through-cabinet\/\">\r\n                            Covid is making its way through cabinet                        <\/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\/22\/covid-is-making-its-way-through-cabinet\/\" 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\/22\/covid-is-making-its-way-through-cabinet\/')\">\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\/22\/covid-is-making-its-way-through-cabinet\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Covid is making its way through cabinet&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/covid-is-making-its-way-through-cabinet\/\">\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\/22\/covid-is-making-its-way-through-cabinet\/&title=Covid is making its way through cabinet\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Covid+is+making+its+way+through+cabinet+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fcovid-is-making-its-way-through-cabinet%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\/22\/covid-is-making-its-way-through-cabinet\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560267\" class=\"content-area-description single-story post-560267 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-israel tag-pfizer tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>We now have three members of cabinet who have tested positive for covid-19<\/strong>, after confirmations emerged yesterday that each of <a href=\"https:\/\/bit.ly\/3qILfTk\">Trade Minister Nevine Gamea<\/a> and <a href=\"https:\/\/bit.ly\/3qFK9aY\">Justice Minister Omar Marwan<\/a> have contracted the virus that causes the disease. Gamea and Marwan are each self-isolating at home, where they are resuming their official duties. Finance Minister Mohamed Maait <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffb6945b-38d7-40cb-abcd-01478a380a88\">is also said<\/a> to have tested positive for covid-19.<\/p>\n<p><strong>The 300k doses of the Sinopharm vaccine China is sending us as a gift will land this<\/strong><strong> afternoon or early tomorrow morning<\/strong>, Health Ministry spokesperson Khaled Megahed told Kelma Akhira\u2019s Lamees El Hadidi. (<a href=\"https:\/\/www.youtube.com\/watch?v=cv-1SvfrJI8\">watch, runtime: 13:53<\/a>) Egypt has secured 100 mn doses in total from AstraZeneca, Sinopharm, and Russia\u2019s Sputnik, House Health Committee head Ashraf Hatem told Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=wD6XxXwKPg0\">watch, runtime: 3:42<\/a>).<\/p>\n<p><strong>The vaccination program will be expanded to the wider population within two months<\/strong>, when lower-risk citizens \u2014 including those below the age of 60 and who are not suffering from chronic illnesses \u2014 will be able to voluntarily register for a jab, Hatem said.<\/p>\n<p><strong>The government is nearly done with vaccinating medical staff at chest and fever<\/strong><strong> hospitals and has begun vaccinating medical staff at regular hospitals<\/strong>, after having completed the inoculation of all medical staff at covid-19 isolation facilities, Megahed said.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/3dxZMO7\">reported<\/a><\/strong> <strong>608 new covid-19 infections yesterday<\/strong>, up from 600 the day before. Egypt has now disclosed a total of 178,151 confirmed cases of covid-19. The ministry also reported 55 new deaths, bringing the country\u2019s total death toll to 10,353.<\/p>\n<p><strong>The Pfizer-BioNTech vaccine seems to have prevented most recipients in <\/strong><strong>Israel from catching covid-19<\/strong>, according to <a href=\"https:\/\/twitter.com\/noa_landau\/status\/1363180584051302401\">preliminary data<\/a>. The shot has proved to be 89.4% effective in preventing infections in Israel, which has handed out more vaccines per capita than anywhere else in the world.<\/p>\n<p><strong>Covid survivors may only need one vaccine shot<\/strong>, new research suggests, after recipients of an initial dose of the vaccine who had already had the virus were found to generate dramatically faster and higher immune responses, the <a href=\"https:\/\/www.wsj.com\/articles\/for-covid-19-survivors-one-shot-may-be-enough-preliminary-studies-show-11613903400?mod=hp_lead_pos4\">Wall Street Journal<\/a> reports. These findings, which have not yet been peer reviewed, could pave the way for a change in vaccination administration schedules, potentially freeing up much needed doses of vaccines and speeding up inoculation rollouts worldwide.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560268\" 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=\"560268\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/were-taking-big-strides-towards-our-energy-hub-ambitions\/\">\r\n                            We\u2019re taking big strides towards our energy hub ambitions                        <\/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\/22\/were-taking-big-strides-towards-our-energy-hub-ambitions\/\" 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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An LNG carrier from the Marshall Islands is transporting 60k tonnes of LNG from Egypt to Bangladesh, according to a cabinet <a href=\"https:\/\/tinyurl.com\/17cgv0ch\">statement<\/a>. A separate trial shipment is also being loaded onto a carrier owned by energy and commodities trader Vitol, and will make its way to Europe, Oil Ministry spokesperson Hamdy Abdel Aziz told <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/404539\/Business\/Economy\/Europe-to-receive-st-Egyptian-liquefied-natural-ga.aspx\">state-run MENA<\/a>. Abdel Aziz did not specify how much Vitol\u2019s carrier is shipping.<\/p>\n<p><strong>A QUICK REFRESHER-<\/strong> The reopening follows the settling of a dispute between Spain\u2019s Naturgy, Italy\u2019s Eni and the Egyptian government that arose years ago, in which Union Fenosa Gas (UFG) \u2014 a 50\/50 JV between both companies that owns 80% of the facility \u2014 said the government had <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/04\/arbitrator-orders-egypt-to-pay-usd-2-bn-to-union-fenosa-gas-over-natural-gas-supply-cut-to-damietta-plant\/\">cut off flows<\/a> to the liquefaction plant. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2b2645b-2a0e-47c8-bcf7-c3bc35d5d40a\">Under the settlement<\/a>, Naturgy agreed to exit Union Fenosa Gas in return for a USD 600 mn payment and most of UFG\u2019s assets outside of Egypt. Eni will also take over the contract for the purchase of natural gas for the plant and will receive corresponding liquefaction rights.<\/p>\n<p><strong>Europe could be getting even more East Med gas through our liquefaction plants thanks to a pipeline Egypt and Israel have agreed to build<\/strong> that will connect Israel\u2019s offshore Leviathan gas field to Egypt\u2019s liquefaction plants. Oil Minister Tarek El Molla and Israeli Energy Minister Yuval Steinitz agreed on the planned pipeline during a meeting yesterday as part of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01a49990-c0a6-474a-9234-976ca6dc30c3\">EastMed Gas Forum<\/a>, according to an Oil Ministry <a href=\"https:\/\/www.petroleum.gov.eg\/ar-eg\/media-center\/news\/news-pages\/Pages\/mop_21022021_032.aspx\">statement<\/a>. The pipeline will help Israel ramp up its exports to Europe, Steinitz told local Israeli media, <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2AL0FA\">Reuters<\/a> reports. Leviathan\u2019s offshore gas field came <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/29\/israels-leviathan-gas-field-said-to-begin-production-on-tuesday-9215\/\">online in 2019<\/a> and supplies<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/350a3d35-560a-41d3-bf07-b3fe0449a7d8\">Egypt and Jordan<\/a>.<\/p>\n<p><strong>Background:<\/strong> Israel\u2019s Delek Drilling, a main operator of the Leviathan gas field, had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1de15aa3-42c6-42c6-b17b-497fcccc3123\">said last year<\/a> that it was mulling expanding its natural gas exports via Egypt\u2019s Idku LNG terminal or by building its own floating terminal. At the time, the dispute over the Damietta plant had not yet been resolved, leaving Idku as Egypt\u2019s only viable LNG terminal.<\/p>\n<p><strong>Egypt is also set to work with Palestine to develop the Gaza Marine gas field<\/strong> under an MoU EGAS Chairman Magdy Galal signed with Palestine Investment Fund Chairman Mohammed Mustafa yesterday, according to <a href=\"https:\/\/english.wafa.ps\/Pages\/Details\/123381\">Wafa News Agency<\/a>. Palestine is one of the founding members of the EastMed Gas Forum.<\/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\/energy\/\">energy<\/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\/leviathan\/\">Leviathan<\/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=\"560270\" 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=\"560270\">\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\">PHARMA<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/ibnsina-to-distribute-bayer-meds-in-egypt-rameda-looks-to-invest\/\">\r\n                            Ibnsina to distribute Bayer meds in Egypt, Rameda looks to invest                        <\/a>\r\n                    <\/h3>\r\n\r\n      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wp-post-image\" alt=\"\" data-attachment-id=\"560271\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/ibnsina-to-distribute-bayer-meds-in-egypt-rameda-looks-to-invest\/314-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/314.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"314.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/314.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/314.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560270\" class=\"content-area-description single-story post-560270 post type-post status-publish format-standard has-post-thumbnail hentry category-pharma tag-enterpriseam tag-ibnsina-pharma tag-pharma tag-rameda-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a> <strong>Ibnsina Pharma has signed an agreement with Germany\u2019s Bayer<\/strong> to import and distribute products from its OTC and Rx-based portfolios, the companies said in <a href=\"https:\/\/ent.news\/2021\/2\/Ibnsina-Bayer-Combined-Release_English_Final_Final-1.pdf\">a joint statement (pdf)<\/a> today.<\/p>\n<p><strong>Bayer wants to grow in Egypt:<\/strong> Bayer Consumer Health wants to increase sales by 30% in 2021 after recording sales of EGP 401 mn last year, while the pharma unit is eyeing double-digit sales growth after it made EGP 722 mn in sales in 2020.<\/p>\n<p><strong>Ibnsina has expansion plans of its own:<\/strong> The company announced plans last month to invest <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4d3100f-91b3-49d0-ae20-6f818c07781d\">EGP 180 mn in 2021<\/a> to establish new distribution hubs and improve its tech capabilities, as well as expand its network of branches and up its portfolio of products.<\/p>\n<p><strong>What they said:<\/strong><\/p>\n<ul>\n<li><strong>Ibnsina Chairman Mohsen Mahgoub:<\/strong> \u201cThis strategic partnership will allow Ibnsina Pharma to not only further strengthen its product offering, but will give patients across Egypt unprecedented access to the latest pharma treatments available.\u201d<\/li>\n<li><strong>Bayer VP + head of consumer health Middle East, Mohamed Galal: <\/strong>\u201cWe are feeling optimistic to sign this distribution agreement with Ibnsina Pharma, trusting the high-efficiency, and the level of services offered, to support our patients throughout Egypt. I look forward to growing our partnership.\u201d<\/li>\n<\/ul>\n<p><strong>ALSO IN THE INDUSTRY-<\/strong><\/p>\n<p><strong>Rameda is eyeing investments worth EGP 50-60 mn this year<\/strong> to develop its production lines, raise its production capacity, and upgrade its labs and water stations, CEO Amr Morsy told <a href=\"https:\/\/alborsaanews.com\/2021\/02\/21\/1419893\">the local press<\/a>.<\/p>\n<p><strong>New products on the horizon:<\/strong> The company also plans to launch 8-10 new meds this year in a bid to expand its exports into Asia, Africa, and the Middle East, he noted, adding that the new offerings include covid-19 treatments, and meds for nausea and increasing blood flow to the brain. Last year, the company rolled out nine new products and acquired another three including the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4ac33dd-72bc-41cd-9095-a5be5aedfd94\">generic anti-inflammatory molecule<\/a> last April.<\/p>\n<p><strong>Growth projections:<\/strong> Rameda is aiming for sales growth that outperforms the market by 5-10% this year, Morsy said, adding that the company saw a 20% rise in private retail sales last year.<\/p>\n<p><strong>The news comes <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff646872-fe4d-42cb-9c86-ab3420e60774\">after GSK brushed aside Rameda\u2019s bid<\/a><\/strong> and another from Acdima as it sets out to sell its Egypt arm to Hikma.<\/p>\n<p><em>Correction: 22 February 2021. A previous version of this article incorrectly stated that the company saw a 20% increase in overall sales in 2020.<\/em><\/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\/ibnsina-pharma\/\">Ibnsina Pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rameda-pharma\/\">Rameda Pharma<\/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=\"560272\" 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=\"560272\">\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\">Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/egyptian-food-exports-unmoved-by-covid\/\">\r\n                            Egyptian food exports unmoved by covid                        <\/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\/22\/egyptian-food-exports-unmoved-by-covid\/\" 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\/22\/egyptian-food-exports-unmoved-by-covid\/')\">\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\/22\/egyptian-food-exports-unmoved-by-covid\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian food exports unmoved by covid&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/egyptian-food-exports-unmoved-by-covid\/\">\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\/22\/egyptian-food-exports-unmoved-by-covid\/&title=Egyptian food exports unmoved by covid\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian+food+exports+unmoved+by+covid+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fegyptian-food-exports-unmoved-by-covid%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\/22\/egyptian-food-exports-unmoved-by-covid\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/316.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560273\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/egyptian-food-exports-unmoved-by-covid\/316-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/316.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"316.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/316.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/316.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560272\" class=\"content-area-description single-story post-560272 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-enterpriseam tag-food-export-council tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Covid-19 fails to dent Egypt\u2019s food exports:<\/strong> The widespread disruption to global trade that accompanied the covid-19 pandemic last year barely registered with Egyptian food exporters, which saw exports tick up slightly in 2020, according to <a href=\"https:\/\/ent.news\/2021\/2\/FEConnect-V1-Feb-2021.pdf\">figures (pdf)<\/a> from the Food Export Council. The figures show that the value of Egyptian food exports rose to USD 3.5 bn last year, up just marginally from <a href=\"https:\/\/www.facebook.com\/FoodExportCouncil\/photos\/3435551333182684\">USD 3.4 bn in 2019<\/a>.<\/p>\n<p><strong>In detail:<\/strong> Food accounted for 13% of Egypt\u2019s non-oil exports last year, making it the country\u2019s third-largest sector. Our biggest export markets in 2020 were Arab countries, which together purchased USD 1.9 bn of food, with Saudi Arabia, Jordan, Yemen and Libya topping the list of importers. EU member states accounted for 14% of exports in 2020, rising 7% to USD 386 mn.<\/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\/food-export-council\/\">Food Export Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560274\" 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=\"560274\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/560274\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560274\" class=\"content-area-description single-story post-560274 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/Sodic-Karmell2-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560275\" 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=\"560275\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/siemens-wants-all-the-wind-projects\/\">\r\n                            Siemens wants all the wind projects                        <\/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\/22\/siemens-wants-all-the-wind-projects\/\" 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\/22\/siemens-wants-all-the-wind-projects\/')\">\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\/22\/siemens-wants-all-the-wind-projects\/\">\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=Siemens wants all the wind projects&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/siemens-wants-all-the-wind-projects\/\">\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\/22\/siemens-wants-all-the-wind-projects\/&title=Siemens wants all the wind projects\">\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=Siemens+wants+all+the+wind+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fsiemens-wants-all-the-wind-projects%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\/22\/siemens-wants-all-the-wind-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/317.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560276\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/siemens-wants-all-the-wind-projects\/317-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/317.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"317.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/317.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/317.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560275\" class=\"content-area-description single-story post-560275 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-energy tag-enterpriseam tag-infrastructure tag-new-and-renewable-energy-authority tag-renewables tag-siemens tag-siemens-gamesa tag-voltalia 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>Siemens lands one wind contract + is in for another:<\/strong> Siemens Gamesa has been awarded the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94f55252-c980-4cb7-8a81-1d950cb11d42\">five-year contract<\/a> to operate and maintain the New and Renewable Energy Authority\u2019s (NREA) 220 MW <a href=\"https:\/\/sustainabledevelopment.un.org\/partnership\/?p=29586\">Gabal El Zeit 2 wind plant<\/a> in the Gulf of Suez, <a href=\"https:\/\/alborsaanews.com\/2021\/02\/21\/1419941\">the local press<\/a> reported yesterday, citing sources at the authority. The German conglomerate, which was among six companies that were said last year to be bidding for the contract, will sign a final agreement later this month, the sources said.<\/p>\n<p><strong>Next up: Gabal El Zeit 3. <\/strong>Siemens Gamesa, Vestas, and Voltalia are among the companies planning to bid for a 5-7 year operation and maintenance contract for the Gabal El Zeit 3 plant, the sources said. The NRWA will publish the tender brochure in the coming two weeks and <strong>bidding will open in the second half of March of early April<\/strong>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/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\/new-and-renewable-energy-authority\/\">New and Renewable Energy Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/siemens\/\">Siemens<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/siemens-gamesa\/\">Siemens Gamesa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/voltalia\/\">Voltalia<\/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=\"560277\" 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=\"560277\">\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\">Automotive<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/egypt-to-produce-locally-assembled-electric-buses-by-2021\/\">\r\n                            Egypt to produce locally assembled electric buses by 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\/22\/egypt-to-produce-locally-assembled-electric-buses-by-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\/22\/egypt-to-produce-locally-assembled-electric-buses-by-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\/22\/egypt-to-produce-locally-assembled-electric-buses-by-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 to produce locally assembled electric buses by 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/egypt-to-produce-locally-assembled-electric-buses-by-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\/22\/egypt-to-produce-locally-assembled-electric-buses-by-2021\/&title=Egypt to produce locally assembled electric buses by 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+to+produce+locally+assembled+electric+buses+by+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fegypt-to-produce-locally-assembled-electric-buses-by-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\/22\/egypt-to-produce-locally-assembled-electric-buses-by-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/318.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560278\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/egypt-to-produce-locally-assembled-electric-buses-by-2021\/318-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/318.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"318.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/318.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/318.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560277\" class=\"content-area-description single-story post-560277 post type-post status-publish format-standard has-post-thumbnail hentry category-automotive tag-automotive tag-enterpriseam tag-evs tag-military-production-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The first all-Egyptian electric buses being assembled domestically will hit the road<\/strong><strong> before the year is out<\/strong>, Military Production Minister Mohamed Morsy told Ala Masouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/youtu.be\/OdJvcih2rUY\">watch, runtime: 11:03<\/a>). The buses will be assembled at state-owned and private sector facilities, Morsy said, and will source all the components domestically, except for the motor and batteries, which will be imported from China. The minister declined to name the companies working on producing the buses, but the ministry had signed an MoU <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74801bf9-ba28-4b78-b3eb-2a78b9161449\">earlier this month<\/a> with Egyptian commercial vehicles manufacturer MCV to locally assembly electric buses in cooperation with a ministry factory.<\/p>\n<p><strong>Background:<\/strong> The agreement with MCV, which manufactures Mercedes buses, is part of the state\u2019s drive to promote the use of clean energy on the road, which includes incentives for domestic EVs assembly and the multi-year natural gas transition plan. Local companies are also getting in on manufacturing components for electric buses, with Egyptian electric vehicle control system developer <a href=\"https:\/\/brightskiesinc.com\/\">Brightskies<\/a> recently signing a protocol with <a href=\"http:\/\/eamco-eg.com\/\">Engineering Automotive Manufacturing Co.<\/a> and El Nasr Automotive to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/02974467-daf0-4a49-85ab-259469db7061\">manufacture components<\/a> used for electric buses.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/military-production-ministry\/\">Military Production Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560279\" 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=\"560279\">\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\">SHIPPING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/a-spot-of-good-marketing\/\">\r\n                            A spot of good marketing                        <\/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\/22\/a-spot-of-good-marketing\/\" 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\/22\/a-spot-of-good-marketing\/')\">\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\/22\/a-spot-of-good-marketing\/\">\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=A spot of good marketing&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/a-spot-of-good-marketing\/\">\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\/22\/a-spot-of-good-marketing\/&title=A spot of good marketing\">\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=A+spot+of+good+marketing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fa-spot-of-good-marketing%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\/22\/a-spot-of-good-marketing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/319.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560280\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/a-spot-of-good-marketing\/319-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/319.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"319.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/319.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/319.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560279\" class=\"content-area-description single-story post-560279 post type-post status-publish format-standard has-post-thumbnail hentry category-shipping tag-abdel-fattah-el-sisi tag-enterpriseam tag-shipping tag-suez-canal tag-suez-canal-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Attracting more shipping traffic to the Suez Canal needs \u201cflexible marketing<\/strong><strong> policies,\u201d<\/strong> President Abdel Fattah El Sisi said yesterday, according to <a href=\"https:\/\/bit.ly\/3k8Wemy\">an Ittihadiya statement<\/a>. The president suggested the canal needs to integrate services that would attract more vessels to help it better cope with the economic effects of covid-19. The canal weathered the pandemic storm fairly well, with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f90fa9f6-0cae-46b9-8270-6ab39a68075c\">revenues falling just 3%<\/a> y-o-y in 2020, while recording its second-highest annual net tonnage. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-21\/-flexible-marketing-plan-needed-for-suez-canal-sisi-says?sref=mmeFTDW1\">Bloomberg<\/a> also had the story.<\/p>\n<p><strong>There are already incentives \u2014 and they\u2019ve paid off so far:<\/strong> The Suez Canal Authority (SCA) had introduced a number of incentives to attract ships to the canal in 2020, including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ed4bfa24-0a5b-4a8d-a214-4f3879d537cb\">reductions on transit fees<\/a> between 30-75% for LNG, LPG, and oil carriers, as well as <a href=\"http:\/\/bit.ly\/38aKiw8\">fixed transit fees<\/a> at the previous year\u2019s prices for all ships in 2021. These policies were key in protecting the canal\u2019s shipping volumes and revenues during the pandemic, SCA boss Osama Rabie <a href=\"https:\/\/tinyurl.com\/492sz76x\">said<\/a>. The canal has been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/64991da9-28f7-4e47-96f0-b9c893c2252b\">beating out the Panama Canal<\/a> as the preferred shipping route for US LNG carriers heading to East Asia and looking to avoid congestion.<\/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\/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\/shipping\/\">SHIPPING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/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=\"560281\" 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=\"560281\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/kids-you-can-trade-on-the-egx-but-dont-cause-a-ruckus\/\">\r\n                            Kids: You can trade on the EGX, but don\u2019t cause a ruckus                        <\/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\/22\/kids-you-can-trade-on-the-egx-but-dont-cause-a-ruckus\/\" 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\/22\/kids-you-can-trade-on-the-egx-but-dont-cause-a-ruckus\/')\">\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\/22\/kids-you-can-trade-on-the-egx-but-dont-cause-a-ruckus\/\">\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=Kids: You can trade on the EGX, but don\u2019t cause a ruckus&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/kids-you-can-trade-on-the-egx-but-dont-cause-a-ruckus\/\">\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\/22\/kids-you-can-trade-on-the-egx-but-dont-cause-a-ruckus\/&title=Kids: You can trade on the EGX, but don\u2019t cause a ruckus\">\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=Kids%3A+You+can+trade+on+the+EGX%2C+but+don%E2%80%99t+cause+a+ruckus+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fkids-you-can-trade-on-the-egx-but-dont-cause-a-ruckus%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\/22\/kids-you-can-trade-on-the-egx-but-dont-cause-a-ruckus\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560281\" class=\"content-area-description single-story post-560281 post type-post status-publish format-standard hentry category-regulation-watch tag-capital-markets tag-enterpriseam tag-financial-regulatory-authority tag-regulation tag-regulation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Individuals aged 16-21 can<\/strong><strong> get in on EGX trading, but can only have a maximum of <\/strong><strong>EGP 10k of stocks in their portfolio<\/strong> under new rules by <a href=\"http:\/\/www.fra.gov.eg\/content\/efsa_ar\/PDF\/222021.pdf\">the Financial Regulatory Authority (pdf)<\/a>. The regs also forbids under-21s from taking out margin calls or short-sell stocks. The new rules come as the worlds of banking and finance are also being opened up to the same age group. FRA boss Mohamed Omran <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1c98e27-1d4a-4ca0-a187-d17fdd793750\">had said<\/a> that financial products specifically targeting young people could be offered to individuals below the age of 21 at now service charge in a bid to encourage financial inclusion. This followed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/492f6955-7cb1-4eef-b1e7-628eaab50186\">instructions<\/a> from the Central Bank of Egypt to allow those under the legal age to open bank accounts without their parents or guardians\u2019 consent and be given access to a limited number of banking services.<\/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\/capital-markets\/\">capital markets<\/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\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation-watch\/\">regulation watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560282\" 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=\"560282\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/health-ministry-spox-khaled-megahed-appointed-as-ministerial-advisor\/\">\r\n                            Health Ministry spox Khaled Megahed appointed as ministerial advisor                        <\/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\/22\/health-ministry-spox-khaled-megahed-appointed-as-ministerial-advisor\/\" 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\/22\/health-ministry-spox-khaled-megahed-appointed-as-ministerial-advisor\/')\">\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\/22\/health-ministry-spox-khaled-megahed-appointed-as-ministerial-advisor\/\">\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=Health Ministry spox Khaled Megahed appointed as ministerial advisor&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/health-ministry-spox-khaled-megahed-appointed-as-ministerial-advisor\/\">\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\/22\/health-ministry-spox-khaled-megahed-appointed-as-ministerial-advisor\/&title=Health Ministry spox Khaled Megahed appointed as ministerial advisor\">\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=Health+Ministry+spox+Khaled+Megahed+appointed+as+ministerial+advisor+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fhealth-ministry-spox-khaled-megahed-appointed-as-ministerial-advisor%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\/22\/health-ministry-spox-khaled-megahed-appointed-as-ministerial-advisor\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560282\" class=\"content-area-description single-story post-560282 post type-post status-publish format-standard hentry category-moves tag-enterpriseam tag-hala-zayed tag-health-ministry tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Health Ministry spokesperson Khaled Megahed<\/strong> has been appointed <strong>assistant to the <\/strong><strong>Health Minister for media and awareness<\/strong>, in addition to his duties as spokesperson, according to a cabinet <a href=\"https:\/\/tinyurl.com\/ytzun2vz\">statement<\/a>. Megahed will advise the minister on health-related media, public awareness and social outreach.<\/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\/hala-zayed\/\">Hala Zayed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-ministry\/\">Health Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/22\/last-nights-talk-shows-on-22-february-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 22 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 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<\/a>\r\n\r\n                \n<article id=\"post-560284\" class=\"content-area-description single-story post-560284 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-damietta-lng-plant tag-enterpriseam tag-last-nights-talk-shows tag-oil-ministry tag-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The airwaves were abuzz last night with coverage of the latest updates on Egypt\u2019s<\/strong><strong> covid-19 vaccine shipments and the vaccination program<\/strong>, with Al Hayah Al Youm\u2019s Mohamed Sherdy among those taking note (<a href=\"https:\/\/www.youtube.com\/watch?v=Iszpb6ft7wY\">watch, runtime: 3:49<\/a>). We have the full details in Covid Watch, above.<\/p>\n<p><strong>The revival of the Damietta LNG plant also earned attention<\/strong> from Al Hayah Al Youm\u2019s Mohamed Sherdy, who was full of praise for the development (<a href=\"https:\/\/www.youtube.com\/watch?v=tXACQEqmCiA\">watch, runtime: 1:58<\/a>) and Ala Mas'ouleety's Ahmed Moussa, who phoned Oil Ministry spokesperson Hamdy Abd El-Aziz to recap the news (<a href=\"https:\/\/www.youtube.com\/watch?v=-K4dpoWWP6c\">watch, runtime: 11:45<\/a>). We have chapter and verse in the news well, above.<\/p>\n<p><strong>The House of Representatives apparently hasn\u2019t received a proposed bill from the government on old rents<\/strong>, House Local Administration Committee head Ahmed El Segeny told Masaa DMC's Eman El Hosary. <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/30\/spotlight-on-the-fifth-legislative-session-of-the-house\/\">Last we heard<\/a>, the previous class of MPs had been debating proposed amendments to the Old Rent Act that would increase rents on pre-1996 commercial contracts back in 2019. The amendments were shot down by the House general assembly and shipped back to the House Housing Committee at the time (<a href=\"https:\/\/www.youtube.com\/watch?v=jxw079SuAsQ\">watch, runtime: 13:06<\/a>).<\/p>\n<p><strong>Also from the airwaves last night:<\/strong><\/p>\n<ul>\n<li><strong>The Supreme Media Council has suspended Akher Al Nahar and has barred host Tamer Amin from appearing on other shows for two months<\/strong>, and handed Al Nahar a EGP 250k fine. (<a href=\"https:\/\/bit.ly\/3kdKIXk\">Youm7<\/a>)<\/li>\n<li><strong>The Social Housing Fund has provided 125k homes to low- and middle-income citizens in 16 cities<\/strong>, the fund\u2019s executive director Mai Abdelhamid said (Mohamed Sherdy on Al Hayah Al Youm | <a href=\"https:\/\/www.youtube.com\/watch?v=-F2xGvHu5l4\">watch, runtime: 4:58<\/a>).<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/damietta-lng-plant\/\">Damietta LNG plant<\/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\/oil-ministry\/\">Oil Ministry<\/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=\"560285\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560286\" 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=\"560286\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/egypt-in-the-news-on-22-february-2021\/\">\r\n                            Egypt in the News on 22 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 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     \n<article id=\"post-560286\" class=\"content-area-description single-story post-560286 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-fgm tag-human-rights wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a relatively quiet morning for Egypt in the foreign press.<\/strong> <a href=\"https:\/\/instagram.com\/restorefgm?igshid=yp9y0qrzdaj4\">Restore FGM<\/a>, the region\u2019s first- ever multidisciplinary center for FGM treatment gets coverage from France24 (<a href=\"https:\/\/www.instagram.com\/tv\/CLXTF--qNLx\/?igshid=xyrew9i5rmgd\">watch, runtime: 5:48<\/a>), while <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2021\/02\/egypt-stateless-tribes-sinai-halayeb-shalateen-nationality.html\">Al Monitor<\/a> reports that tribesmen are calling on the government to grant them citizenship after three brothers born and living in the Sinai Peninsula were recently made Egyptian citizens.<\/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\/fgm\/\">FGM<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560287\" 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=\"560287\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/also-on-our-radar-on-22-february-2021\/\">\r\n                            Also on our radar on 22 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 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Also+on+our+radar+on+22+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Falso-on-our-radar-on-22-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\/22\/also-on-our-radar-on-22-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560287\" class=\"content-area-description single-story post-560287 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-arab-african-international-bank tag-banque-du-caire tag-banque-misr tag-cib tag-debt tag-enterpriseam tag-national-bank-of-egypt tag-suez-canal-authority tag-suez-canal-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Suez Canal <\/strong><strong>Authority (SCA) is borrowing USD 100 mn from a syndicate of four <\/strong><strong>local banks<\/strong> to finance ongoing projects, <a href=\"https:\/\/bit.ly\/3sdxkVF\">Al Mal<\/a> reports, citing unnamed sources. CIB, Banque du Caire, and Arab African International Bank will provide USD 30 mn each, and the remaining USD 10 mn will be arranged by Suez Canal Bank, the sources said. This is part of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87b20875-6cf8-4b69-a510-f299a67fe936\">an EGP 10 bn loan agreement<\/a> due to be signed in the coming days. The loan includes USD 320 mn in foreign currency borrowing and is being managed by the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87b20875-6cf8-4b69-a510-f299a67fe936\">National Bank of Egypt and Banque Misr<\/a>.<\/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\/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-african-international-bank\/\">Arab African International Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/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\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-bank\/\">Suez Canal Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560288\" 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=\"560288\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/what-the-markets-are-doing-on-22-february-2021\/\">\r\n                            What the markets are doing on 22 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\/22\/what-the-markets-are-doing-on-22-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\/22\/what-the-markets-are-doing-on-22-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\/22\/what-the-markets-are-doing-on-22-february-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What the markets are doing on 22 February 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/what-the-markets-are-doing-on-22-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\/22\/what-the-markets-are-doing-on-22-february-2021\/&title=What the markets are doing on 22 February 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+the+markets+are+doing+on+22+February+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fwhat-the-markets-are-doing-on-22-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\/22\/what-the-markets-are-doing-on-22-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560288\" class=\"content-area-description single-story post-560288 post type-post status-publish format-standard hentry category-planet-finance tag-asset-management tag-canada tag-enterpriseam tag-etfs tag-financial-markets tag-inflation tag-ipo-watch tag-mubadala tag-planet-finance tag-yashat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>Asset managers are scrambling to shield portfolios from inflation <\/strong>amid signs that the wave of stimulus unleashed in response to the pandemic last year will cause a pick up in inflation in advanced economies, reports <a href=\"https:\/\/www.ft.com\/content\/afc414f9-c6a1-4f37-afab-276d98973a09\">the Financial Times<\/a>. This is worrying large institutional investors who are now repositioning their portfolios into commodities, financial stocks and short-term government bonds to guard against rising prices eating into their real returns.<\/p><p><strong>Crypto frenzy continues:<\/strong> Bitcoin leapt to a new all-time high <a href=\"https:\/\/coinmarketcap.com\/\">above USD 57k<\/a> yesterday to bring its total market value to more than USD 1 tn. The cryptocurrency\u2019s rally was undeterred by a <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1363021091086561285?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1363021091086561285%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2021-02-20%2Felon-musk-says-bitcoin-and-ethereum-prices-seem-high\">tweet<\/a> from Elon Musk yesterday saying that Bitcoin and Ethereum prices \u201cseem high.\u201d Musk, whose tweets about the meme-based cryptocurrency dogecoin helped push its valuation to USD 10 bn, has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/73b62528-a6f1-4837-b6d0-2e8440123d36\">invested USD 1.5 bn in Bitcoin<\/a> and plans for Tesla to start accepting it as payment.<\/p><p><strong>Speaking of BTC \u2014 the world\u2019s first Bitcoin ETF has been an unsurprising success during its first t<\/strong><strong>wo days of trading.<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dab07788-d71f-4eb1-a234-e90d8dc58583\">The Purpose Bitcoin ETF<\/a>\u2019s trading volume neared USD 400 mn after launching in Canada on Thursday, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-21\/raging-success-of-first-bitcoin-fund-shows-who-leads-etf-market?sref=mmeFTDW1\">Bloomberg<\/a> reports.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,426<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.61<\/p>\n<\/td>\n<td>\n<p>Sell 15.71<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.60<\/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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>9,086<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: +4.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,657<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: +12.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,568<\/p>\n<\/td>\n<td>\n<p>-0.3% (YTD: +3.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 63.53<\/p>\n<\/td>\n<td>\n<p>+1.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.00<\/p>\n<\/td>\n<td>\n<p>-2.1%<\/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>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,784.60<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 57,101.80<\/p>\n<\/td>\n<td>\n<p>+1.1%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 rose 0.4% yesterday<\/strong> on turnover of EGP 1.25 bn (13.5% above the 90-day average). Foreign investors were net sellers. The index is up 5.4% YTD.<\/p><p><strong>In the green: <\/strong>Pioneers (+4.7%), Ezz Steel (+3.5%) and Ibn Sina Pharma (+3.1%).<\/p><p><strong>In the red: <\/strong>Orascom Financial Holding (-5.3%), Cleopatra Hospital (-2.9%) and Orascom Investment Holding (-2.3%).<\/p><p><strong>Asian markets are up in early trading this morning<\/strong> and futures suggest US stocks will open in the red when markets open later today.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/asset-management\/\">asset management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/canada\/\">Canada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/etfs\/\">ETFs<\/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\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/yashat\/\">Yashat<\/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=\"560289\" 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=\"560289\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/with-an-eye-on-debt-relief-sudan-devalues-currency\/\">\r\n                            With an eye on debt relief, Sudan devalues currency                        <\/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\/22\/with-an-eye-on-debt-relief-sudan-devalues-currency\/\" 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\/22\/with-an-eye-on-debt-relief-sudan-devalues-currency\/')\">\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\/22\/with-an-eye-on-debt-relief-sudan-devalues-currency\/\">\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=With an eye on debt relief, Sudan devalues currency&url=https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/with-an-eye-on-debt-relief-sudan-devalues-currency\/\">\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\/22\/with-an-eye-on-debt-relief-sudan-devalues-currency\/&title=With an eye on debt relief, Sudan devalues currency\">\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=With+an+eye+on+debt+relief%2C+Sudan+devalues+currency+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F02%2F22%2Fwith-an-eye-on-debt-relief-sudan-devalues-currency%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\/22\/with-an-eye-on-debt-relief-sudan-devalues-currency\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560289\" class=\"content-area-description single-story post-560289 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-enterpriseam tag-ethiopia tag-politics tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Sudan has heavily devalued its currency<\/strong>, the central bank said in <a href=\"https:\/\/cbos.gov.sd\/ar\/news\/%D8%A8%D9%8A%D8%A7%D9%86-%D8%B5%D8%AD%D9%81%D9%8A\">a statement<\/a> yesterday, in an attempt by transitional authorities to overhaul the battered economy and crack down on the black market. Stopping short of a float, the central bank has adopted a \u201cflexible managed exchange rate\u201d which <a href=\"https:\/\/www.reuters.com\/article\/uk-sudan-economy-idUSKBN2AL0B7\">according to banking sources<\/a> has seen the currency plunge from SDG 55\/USD to SDG 375. The policy change comes as the government tries to satisfy demands made by the IMF in return for debt relief.<\/p>\n<p><strong>Border tensions mounted between Ethiopia and Sudan on Saturday<\/strong> after the latter <a href=\"https:\/\/twitter.com\/MofaSudan\/status\/1363073118894493701\">accused<\/a> Ethiopian troops of an \"unforgivable insult\" for crossing the border \u2014 an allegation that Ethiopia <a href=\"https:\/\/www.facebook.com\/permalink.php?id=623401301020450&story_fbid=4438758639484678\">denied<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/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\/sudan\/\">Sudan<\/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<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"560290\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">15<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-is-private-sector-education-positioned-to-grow-in-egypt-and-what-could-spur-it-part-2\/\">\r\n                            How is private sector education positioned to grow in Egypt, and what could spur it? Part 2<\/a>\r\n                        <\/h3>\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\/blackboards\/how-is-private-sector-education-positioned-to-grow-in-egypt-and-what-could-spur-it-part-2\/\" 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\/blackboards\/how-is-private-sector-education-positioned-to-grow-in-egypt-and-what-could-spur-it-part-2\/')\">\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\/blackboards\/how-is-private-sector-education-positioned-to-grow-in-egypt-and-what-could-spur-it-part-2\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=How is private sector education positioned to grow in Egypt, and what could spur it? 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Part 2\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=How+is+private+sector+education+positioned+to+grow+in+Egypt%2C+and+what+could+spur+it%3F+Part+2+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fblackboards%2Fhow-is-private-sector-education-positioned-to-grow-in-egypt-and-what-could-spur-it-part-2%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>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-is-private-sector-education-positioned-to-grow-in-egypt-and-what-could-spur-it-part-2\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/320.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"560291\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-is-private-sector-education-positioned-to-grow-in-egypt-and-what-could-spur-it-part-2\/320-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/320.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"320.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/320.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/320.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-560290\" class=\"content-area-description post-560290 blackboard type-blackboard status-publish has-post-thumbnail hentry tag-colliers-international tag-cpsd-report tag-education tag-enterprise-blackboard tag-enterpriseam tag-international-branch-campuses-act tag-supreme-council-of-private-universities tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>How is private sector education positioned to grow in Egypt, and what could spur it? Part <\/strong><strong>2.<\/strong> Investor interest in Egypt\u2019s private sector education is high, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75ffe691-eb81-4e09-9ebc-efd4520feb73\">earlier this month<\/a> we looked at a <a href=\"https:\/\/ent.news\/2021\/1\/Egypt-K12-Education-Sector-Market-Overview.pdf\">Colliers International report (pdf)<\/a> that sees substantial room for growth at the K-12 level. But how are things looking for higher education? The World Bank\u2019s <a href=\"https:\/\/ent.news\/2021\/1\/CPSD-Egypt.pdf\">Country Private Sector Diagnostic 2020 report (pdf)<\/a>, gives a big-picture overview of the conditions that would help Egypt\u2019s private sector thrive, spurring economic growth, with high quality private education playing a crucial role in building graduate employment skills and attracting FDI. But regulatory amendments are essential to encourage more private sector players to dip their toes in the education sector, the report warns.<\/p>\n<p><strong>The value of private sector higher education is clear:<\/strong> The employment rate of private sector university graduates averages 95%, the World Bank report tells us. This is partly because private university students often study disciplines with direct market relevance, and are trained in skills that make them more employable, like communication, language and computer skills. Private sector agility also makes these universities better positioned to respond to sector disruptions, the report says.<\/p>\n<p><strong>But market share remains low: <\/strong>Current enrollment in private post-secondary education institutions (including universities) in Egypt stands at only 16.5%, compared with an average of 21% in the MENA region, 52% in Asia and 50% in Latin America. And private universities (excluding other institutes) comprise only 4% of higher education in Egypt, the World Bank report tells us. They numbered 25 as of late 2020, <a href=\"https:\/\/www.al-fanarmedia.org\/2020\/10\/rising-fees-at-private-arab-universities-end-students-prospects\/\">according to Al Fanar<\/a>, coexisting with <a href=\"https:\/\/en.wikipedia.org\/wiki\/List_of_universities_in_Egypt\">some 29 public universities<\/a>, and hundreds of public and private technical colleges, and vocational institutes, according to a <a href=\"https:\/\/wenr.wes.org\/2019\/02\/education-in-egypt-2\">World Education Services (WES) report<\/a>. While public universities tend to be large multi-faculty research institutions with branch campuses across the country, most private universities enrol fewer than 10k students, are often located in Cairo and primarily offer undergraduate programs, the WES report says.<\/p>\n<p><strong>The demand is there. Just look at families willing to pay high tuition fees. <\/strong>Annual tuition fees in 2020 at Badr University\u2019s Faculty of Dentistry stood at about USD 8.3k, while BUE\u2019s College of Engineering stood at some USD 7.9k per year, <a href=\"https:\/\/www.al-fanarmedia.org\/2020\/10\/rising-fees-at-private-arab-universities-end-students-prospects\/\">Al Fanar reports<\/a>. Meanwhile, average fees to attend Cairo University <a href=\"https:\/\/www.unipage.net\/en\/84\/cairo_university\">stand at<\/a> just USD 64 per year for Egyptian citizens, and USD 1k for non-Egyptians. It\u2019s clear that Egyptian families are willing to pay for private education, European research firm <a href=\"https:\/\/brusselsresearchgroup.org\/egypts-education-system-is-by-far-the-largest-in-the-region\/\">the Brussels Research Group argues<\/a>. This can be inferred from the rapid increase in private university enrollment \u2014 <a href=\"https:\/\/dailynewsegypt.com\/2019\/10\/24\/private-university-student-enrollment-increased-by-14-2-in-2018-19-capmas\/\">estimated by CAPMAS<\/a> as 14.2% in the academic year 2018-19 alone \u2014 despite the increase in cost.<\/p>\n<p><strong>But from an investment perspective, regulation can make setting up private higher education institutions a challenge:<\/strong> Cumbersome laws and regulations make it difficult to establish and register private universities, community colleges, and technical and vocational training centers, the World Bank report states. Regulatory decisions can be implemented unevenly, heightening uncertainty for investors and increasing costs. There are often no clear timelines or rules for final approvals in setting up private and non-profit universities, for example. There are few financial incentives for investment such as tax breaks, tuition subsidies or discounted land provision.<\/p>\n<p><strong>Sector expansion is also constrained by private university admissions limits and curriculum oversight:<\/strong> The number of students each university can admit is regulated by the Supreme Council of Private Universities, based on criteria that is not publicly available, the report tells us. Additional limitations on the number of students enrolled are set by syndicates. Meanwhile, some private universities have reported limited flexibility in being able to define their curricula, and have had to mirror public institutions for their approvals to be granted, according to the report. The Supreme Council of Private Universities says this is a choice made by private universities to receive faster approvals, the World Bank report says.<\/p>\n<p><strong>While decentralization is a further barrier to entry: <\/strong>Different ministries oversee different aspects of education, which can lead to confusion and inefficiency, the report states. And a general lack of information disclosure requirements can deter private investors \u2014 particularly those that want to experiment with new business models and fill current gaps.<\/p>\n<p><strong>Regulatory amendments could be a major spur to investment and should be a priority,<\/strong> <strong>the report argues, recommending three key issues be amended: <\/strong>1) The inability to transfer ownership \u2014 because presidential decrees to establish a university are issued to individuals, and ownership can only be inherited; 2) Vagueness around titles to assets like campuses and land \u2014 meaning campuses can\u2019t be mortgaged or access finance from commercial banks; 3) Imprecise laws about dividends policy \u2014 meaning university owners can avoid formal dividend declarations even though private universities are set up as for-profit entities.<\/p>\n<p><strong>We\u2019ve already seen how well light-touch regulation can work with the International Branch Campuses Act: <\/strong>Under the <a href=\"https:\/\/www.universitiesuk.ac.uk\/International\/Documents\/Annexe%20A.PDF\">International Branch Campuses Act (pdf)<\/a>, ratified in July 2018, established international universities <a href=\"https:\/\/enterprise.press\/blackboards\/light-touch-regulation-attracted-international-branch-campuses-egypt\/\">can set up<\/a> branches in Egypt, by building their own campuses, or partnering with an Egyptian educational hub. Branch campuses have flourished, with four universities <a href=\"https:\/\/enterprise.press\/blackboards\/2020-review-internationalization-core-govt-approach-education\/\">establishing branches<\/a> in the New Administrative Capital since the Act was ratified: <a href=\"https:\/\/tkh.edu.eg\/coventry-university-degree-egypt\/\">Coventry University<\/a>, the <a href=\"https:\/\/www.uofcanada.edu.eg\/\">University of Prince Edward Island<\/a>, the <a href=\"https:\/\/gaf.edu.eg\/global-academic-foundation-admission\/?gclid=CjwKCAiAsaOBBhA4EiwAo0_AnKRaiJX1zIbsWnOdhGVro5DOj4ItgmneoPARNcmAccfjUUDl_C1vaRoC0bMQAvD_BwE\">University of Hertfordshire<\/a>, and an alliance of 10 German universities, which collectively opened the <a href=\"https:\/\/web.facebook.com\/GIU.Official.Page\/?_rdc=1&_rdr\">German International University of Applied Sciences<\/a>. Under the legislation, there are no restrictions on tuition hikes and the university branches can set their own curricula. The campuses pay only 2% of their annual tuition income to the government.<\/p>\n<p><strong>Securing new investments worth EGP bns: <\/strong>Coventry, Prince Edward Island, and Hertfordshire\u2019s branch campuses brought in over EGP 2 bn in new greenfield investments, and four new Canadian universities that had requested to open branches in Egypt <a href=\"https:\/\/enterprise.press\/blackboards\/covid-19-impacted-international-branch-campus-program-ucas-style-admissions-system\/\">as of July 2020<\/a> are set to bring in investments reaching EGP 3 bn. By way of comparison, between 2014 and 2017, EGP 6.4 bn was invested in establishing eight new private universities and EGP 3 bn invested in building 30 new colleges within private universities that aren\u2019t part of the international branch campus program, <a href=\"http:\/\/portal.mohesr.gov.eg\/en-us\/Pages\/Higher-education-in-numbers.aspx\">according to<\/a> the Higher Education Ministry.<\/p>\n<p><strong>Ultimately, opening more avenues for education investment is a no-brainer:<\/strong> Egypt\u2019s growing population, low private sector participation in the education sector coupled with increasing demand for private education and rising income levels all represent investment opportunities, the World Bank report concludes. This chimes with the findings we looked at last week, where the Colliers International <a href=\"https:\/\/ent.news\/2021\/1\/Egypt-K12-Education-Sector-Market-Overview.pdf\">Egypt K-12 Education Sector Market Overview 2020 (pdf)<\/a> recommended the reduction of red tape to open up the education market to more private sector investment.<\/p>\n<p><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li>The <strong>Ghabbour Development Foundation <\/strong>is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f42cd0c-bac4-4b81-b379-d3327c964f36\">setting up<\/a> two applied tech institutes in 15 May and 6th of October cities under an MoU signed with the Education Ministry.<\/li>\n<li><strong>SAT scores taken after 15 August <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99520211-fced-4f39-9b96-5df7b712eb1f\">will not be accepted<\/a><\/strong>, 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 thereafter.<\/li>\n<li><strong>Public university students will start their summer holidays three weeks later than originally planned<\/strong> after the Supreme Council of Universities <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99520211-fced-4f39-9b96-5df7b712eb1f\">decided<\/a> to extend the academic year to compensate for lost time because of covid-19 closures.<\/li>\n<li><strong>Universities will <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99520211-fced-4f39-9b96-5df7b712eb1f\">impose stricter measures<\/a><\/strong><strong> to contain the spread of covid this semester<\/strong> compared to previous one, and will closely monitor the situation, particularly during exams, to avoid an outbreak of the disease.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/colliers-international\/\">Colliers International<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cpsd-report\/\">CPSD report<\/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\/international-branch-campuses-act\/\">International Branch Campuses Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supreme-council-of-private-universities\/\">Supreme Council of Private Universities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"560292\" 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\/22\/your-essential-business-calendar-on-22-february-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560292\" class=\"content-area-description single-story post-560292 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>21-25 February (Sunday-Thursday): <a href=\"https:\/\/www.gulfood.com\/\">Gulfood 2021<\/a> \u2014 the world\u2019s largest food and beverage exhibition \u2014 takes place at the Dubai World Trade Center.<\/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): 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 March (Thursday): OPEC+ meeting.<\/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\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":560264,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-560263","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"bb83f871-e9c6-4ba2-95a3-5831b2159b96","teaser":"","photo_url":"https:\/\/ent.news\/2021\/2\/311.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Enterprise The Damietta LNG plant is back - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-the-damietta-lng-plant-is-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise The Damietta LNG plant is back\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-the-damietta-lng-plant-is-back\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:49:49+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\/311.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-the-damietta-lng-plant-is-back\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-the-damietta-lng-plant-is-back\/\",\"name\":\"Enterprise The Damietta LNG plant is back - 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