{"id":560536,"date":"2021-03-03T04:04:32","date_gmt":"2021-03-03T04:04:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=560536"},"modified":"2025-12-16T02:56:25","modified_gmt":"2025-12-16T02:56:25","slug":"enterprise-dont-let-your-guard-down-yet","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-dont-let-your-guard-down-yet\/","title":{"rendered":"Enterprise Don\u2019t let your guard down yet"},"content":{"rendered":"<section id=\"560538\" 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=\"560538\">\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\/03\/03\/what-were-tracking-on-3-march-2021\/\">\r\n                            What we\u2019re tracking on 3 March 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\/03\/03\/what-were-tracking-on-3-march-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\/03\/03\/what-were-tracking-on-3-march-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\/03\/03\/what-were-tracking-on-3-march-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 3 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/what-were-tracking-on-3-march-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\/03\/03\/what-were-tracking-on-3-march-2021\/&title=What we\u2019re tracking on 3 March 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+3+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Fwhat-were-tracking-on-3-march-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\/03\/03\/what-were-tracking-on-3-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560538\" class=\"content-area-description single-story post-560538 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-automotive tag-dubai tag-enterpriseam tag-europe tag-ford tag-pmi tag-real-estate 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, friends, and happy Wednesday<\/strong> \u2014 or as we like to call it here at Enterprise, almost-Thursday.<\/p><p><strong>THE BIG NEWS HERE AT HOME<\/strong> is divided into two themes: Diplomacy and legislation. A renewed push from Egypt and Sudan to bring in mediators to help resolve the impasse over the Grand Ethiopian Renaissance Dam is driving the news cycle in the press and on the airwaves. Sudanese Foreign Minister Mariam Al-Mahdi sat down with President Abdel Fattah El Sisi and Foreign Minister Sameh Shoukry in Cairo yesterday to discuss the dam. We have chapter and verse in Last Night\u2019s Talk Shows, below.<\/p><p><strong>Sudanese Prime Minister Abdalla Hamdok is also coming to town within the next few<\/strong><strong> days<\/strong>, Al-Mahdi <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=02032021&amp;id=43482b77-9fbc-4aac-a5db-0d32ff77f330\">said yesterday<\/a>, and El Sisi is expected to pay Khartoum a visit <a href=\"https:\/\/www.suna-sd.net\/read?id=705949\">on Saturday<\/a>. Separately, Egypt\u2019s army Chief of Staff Mohamed Farid held talks with his Sudanese counterpart Mohamed Othman Al Hussein in Khartoum, according to the <a href=\"https:\/\/www.suna-sd.net\/read?id=705953\">Sudanese News Agency<\/a>.<\/p><p><strong>You can also expect some chatter today about the situation in Palestine<\/strong>, as Shoukry is <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=02032021&amp;id=9a5b166a-aac6-4f2e-b046-a2b6b1e290a3\">scheduled to meet<\/a> with his Palestinian and Jordanian counterparts to discuss ways to revive peace talks with Israel.<\/p><p><strong>Meanwhile, on the legislation front:<\/strong> The House of Representatives is soldiering through a stacked pipeline of laws \u2014 the details on which we have in Legislation Watch, below. The House general assembly is <a href=\"https:\/\/bit.ly\/2OdXAAO\">now in recess<\/a> until Sunday, 14 March. Committee-level meetings will continue during the recess.<\/p><p><strong>THE BIG STORY <\/strong><strong>INTERNATIONALLY:<\/strong> The US will have enough vaccines in stock to cover its entire adult population by the end of May, President Joe Biden said at <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2021\/03\/02\/remarks-by-president-biden-on-the-administrations-covid-19-vaccination-efforts\/\">a presser<\/a> yesterday in another acceleration of his timeline for the vaccination program. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/529033f4-75c7-4e5d-be88-2607cd51f8df\">emergency approval<\/a> of Johnson &amp; Johnson\u2019s jab was key in bringing forward the administration\u2019s goal to have enough doses for 300 mn Americans, which was previously expected by August, Biden said. Having the stock doesn\u2019t necessarily mean having administered all the vaccines by then, the president noted.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>*** CATCH UP QUICK<\/strong> \u2014 The top stories from yesterday\u2019s EnterprisePM:<\/p><ul>\n<li><strong>How would a post-covid commodities boom <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2fb13174-3377-49ef-8300-480e0abee206\">impact Egypt<\/a><\/strong><strong>?<\/strong> Expect higher inflation, for one.<\/li>\n<li><strong>Foreign <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a1d9e08-8976-4312-aa23-d653611f22bc\">holdings of EGP debt<\/a><\/strong> are officially above the pre-covid mark.<\/li>\n<li><strong>Prime Speed Medical <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9f2be53e-6ddc-4c80-bbc5-7b05bac307c2\">is reducing<\/a><\/strong><strong> its target stake in New Al Safwa<\/strong> Specialized Hospital to 4.4% from 10%.<\/li>\n<\/ul><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>It\u2019s PMI day:<\/strong> February\u2019s purchasing managers\u2019 index figures for Egypt are out this morning at 6:15am CLT \u2014 just a few minutes after we hit \u201csend\u201d on your morning briefing. Business activity in the non-oil private sector contracted in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fd93da9f-bbe3-44e1-85af-bddf65789ecf\">December<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/12949e39-d887-4454-af52-b76228d40f07\">January<\/a> as fears of the covid second wave weighed on sentiment and hit demand.<\/p><p><strong>PSA- Grab an umbrella as you head out the door this morning: It looks like we may be in<\/strong><strong> for some light to medium rainfall.<\/strong> Our favorite weather app suggests there\u2019s a 30% chance of rain in the capital, and a 70% chance along the Mediterranean coast.<\/p><p><strong>Planning to buy a Volvo around the end of the decade? Expect an EV to be your<\/strong><strong> only option:<\/strong> Volvo is <a href=\"https:\/\/ent.news\/2021\/3\/277408_All_pure_electric_Volvo_models_to_be_available_online_only.pdf\">planning (pdf)<\/a> to go all-in on electric vehicles, with plans to phase out the production of all cars with internal combustion engines \u2014 including hybrids \u2014 from its global offering before 2031. The automaker sees non-EVs having \u201cno long-term future,\u201d Henrik Green, Volvo\u2019s chief technology officer, said in a separate <a href=\"https:\/\/ent.news\/2021\/3\/277409_Volvo_Cars_to_be_fully_electric_by_2030.pdf\">statement (pdf)<\/a>. The move makes Volvo the latest to hop on the all-electric bandwagon, with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/55e86c56-0db6-4314-b53e-28204dafa535\">Ford<\/a>, Jaguar, and Bentley all recently rolling out plans for an all-electric future in the next 10-15 years.<\/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>It\u2019s the third day of the EFG Hermes Virtual Investor Conference: <\/strong>The conference is headlined as \u201cFrontier Emerging Markets Regaining Momentum\u201d and brings together executives from 197 companies and more than 700 investors from 253 global institutions to exchange insights on the current state of frontier and emerging markets. The event runs until next Tuesday, 9 March.<\/p><p><strong>It\u2019s also Day 3 of the <\/strong><strong><a href=\"https:\/\/www.aswanforum.org\/\">Aswan Forum for Peace and Development<\/a><\/strong>, which runs until Friday.<\/p><p><strong>Key data points in the coming days and weeks:<\/strong><\/p><ul>\n<li><strong>Foreign reserves figures<\/strong> should be out at the end of the week.<\/li>\n<li><strong>Inflation data<\/strong> will drop on Wednesday, 10 March.<\/li>\n<li><strong>The Central Bank of Egypt will discuss interest rates<\/strong> on Thursday, 18 March.<\/li>\n<\/ul><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\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, urban development and as well as social infrastructure such as health and education.<\/p><p><strong>In today\u2019s issue: <\/strong>Egypt\u2019s construction growth slowed in 2020, but <a href=\"https:\/\/enterprise.press\/hardhats\/pandemic-temporarily-cooled-off-growth-forecasts-egypts-construction-industry\/\">last year\u2019s expectations<\/a> for a sector rebound are proving solid. Data \u2014 including a 1Q2021 Fitch report \u2014 indicates sector growth of 10% y-o-y in 2021, with Egypt having the strongest outlook for the MENA region and well outperforming regional peers.<\/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\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/europe\/\">Europe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ford\/\">Ford<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"560539\" 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=\"560539\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/560539\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560539\" class=\"content-area-description single-story post-560539 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-you-deserve-to-be-pampered-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560540\" 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=\"560540\">\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\/03\/03\/vaccine-rollout-speeds-up-globally-but-were-not-out-of-the-woods-yet\/\">\r\n                            Vaccine rollout speeds up globally, but we\u2019re not out of the woods yet                        <\/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\/03\/03\/vaccine-rollout-speeds-up-globally-but-were-not-out-of-the-woods-yet\/\" 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\/03\/03\/vaccine-rollout-speeds-up-globally-but-were-not-out-of-the-woods-yet\/')\">\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\/03\/03\/vaccine-rollout-speeds-up-globally-but-were-not-out-of-the-woods-yet\/\">\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=Vaccine rollout speeds up globally, but we\u2019re not out of the woods yet&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/vaccine-rollout-speeds-up-globally-but-were-not-out-of-the-woods-yet\/\">\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\/03\/03\/vaccine-rollout-speeds-up-globally-but-were-not-out-of-the-woods-yet\/&title=Vaccine rollout speeds up globally, but we\u2019re not out of the woods yet\">\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=Vaccine+rollout+speeds+up+globally%2C+but+we%E2%80%99re+not+out+of+the+woods+yet+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Fvaccine-rollout-speeds-up-globally-but-were-not-out-of-the-woods-yet%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\/03\/03\/vaccine-rollout-speeds-up-globally-but-were-not-out-of-the-woods-yet\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560540\" class=\"content-area-description single-story post-560540 post type-post status-publish format-standard hentry category-covid-watch tag-africa tag-astrazeneca tag-covax tag-covid-19 tag-enterpriseam tag-joe-biden tag-johnson-johnson tag-nigeria tag-sinopharm tag-us tag-vaccines tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/38lWquj\">reported<\/a><\/strong><strong> 581 <\/strong><strong>new covid-19 infections yesterday<\/strong>, down from 586 the day before. Egypt has now disclosed a total of 183,591 confirmed cases of covid-19. The ministry also reported 42 new deaths, bringing the country\u2019s total death toll to 10,778.<\/p>\n<p><strong>Among those testing positive:<\/strong> Health Minister Adviser Aysam Salah, who <a href=\"https:\/\/bit.ly\/308MdwK\">confirmed<\/a> yesterday he has contracted the virus.<\/p>\n<p><strong>\u201cAfrica? Never heard of it,\u201d say covid researchers:<\/strong> Only 4% of the scientific research conducted on covid-19 is applicable to Africa, despite the continent being home to 17% of the global population, the <a href=\"https:\/\/www.ibtimes.com.au\/just-4-covid-research-relevant-africa-study-1688186\">International Business Times<\/a> reports. Analysis shows that, of the 2,196 peer-reviewed studies published in leading medical journals, just 96 address African countries, with almost two thirds of these focusing on Egypt, Nigeria and South Africa.<\/p>\n<p><strong>Safety concerns abound as the Chinese covid vaccine sweeps the globe,<\/strong><strong> including Egypt<\/strong>, where some are still apprehensive about the Sinopharm vaccine available here, according to <a href=\"https:\/\/apnews.com\/article\/china-vaccines-worldwide-0382aefa52c75b834fbaf6d869808f51\">the Associated Press<\/a>. One nurse who received the jab was uneasy about the lack of publicly available data from the trials, while another official says that vaccines manufactured in the West \u201care reserved for rich countries.\u201d China has sent us 300k doses of the Sinopharm vaccine as a gift, and is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c305df87-677e-4c51-aeb4-ca62d9127582\">set to send<\/a> another batch of 300k jabs in the near future.<\/p>\n<p><strong>Speaking of which:<\/strong> Masaa DMC\u2019s Ramy Radwan addressed widespread concerns about the safety of covid-19 vaccines, particularly for the elderly, saying that the probability of a vaccine causing adverse reactions or death is extremely low and significantly lower than the probability of getting seriously ill from contracting the virus (<a href=\"https:\/\/www.youtube.com\/watch?v=GjhyDCnLkUw\">watch, runtime: 4:09<\/a>).<\/p>\n<p><strong>A total of 237 mn doses of the Oxford\/AstraZeneca jab will be delivered to some 142<\/strong><strong> countries<\/strong> by the end of May through the World Health Organization\u2019s (WHO) Gavi\/Covax initiative, WHO Director-General Tedros Adhanom Ghebreyesus said in <a href=\"https:\/\/www.who.int\/director-general\/speeches\/detail\/director-general-s-remarks-at-media-briefing-on-publication-of-first-round-of-covid-19-vaccine-allocations-through-covax\">a virtual briefing<\/a> yesterday. The exact timeline for delivery, made by AstraZeneca and India\u2019s Serum Institute, will be split into separate two-month schedules (February-March and April-May), depending on many factors including national regulatory requirements, availability of supply and fulfillment of other criteria, the statement said. Egypt should be receiving a total of 40 mn doses of the jab this year as part of our agreement with Gavi, Health Minister Hala Zayed has said.<\/p>\n<p><strong>Shipments are ramping up elsewhere in Africa:<\/strong> Nigeria received 3.94 mn doses of the Oxford-AstraZeneca vaccine yesterday, becoming the third country to receive a shipment from Covax that aims to deliver around 90 mn jabs to Africa in 1Q2021, <a href=\"https:\/\/apnews.com\/article\/mumbai-epidemics-india-coronavirus-pandemic-africa-bbf8e9e22c142af9e6280ae43ad71ffa\">the Associated Press<\/a> reports. This was also the largest shipment sent out by Covax so far, after Ghana received a 600k-dose delivery and Ivory Coast got a 504k-dose shipment last week.<\/p>\n<p><strong>Don\u2019t let the vaccines lull you into a false sense of confidence<\/strong>, the <a href=\"https:\/\/terrance.who.int\/mediacentre\/presser\/WHO-AUDIO_Emergencies_Coronavirus_Press_Conference_01MAR2021.mp3\">World Health<\/a><a href=\"https:\/\/terrance.who.int\/mediacentre\/presser\/WHO-AUDIO_Emergencies_Coronavirus_Press_Conference_01MAR2021.mp3\">Organization<\/a> warned yesterday, pointing to the \u201cpremature\u201d lifting of lockdowns in several countries as more variants of the virus continue to circulate. The number of deaths around the world has crossed the 2.5 mn mark, with nearly 115 mn cases recorded globally, according to Johns Hopkins data.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/astrazeneca\/\">AstraZeneca<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covax\/\">Covax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/joe-biden\/\">Joe Biden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/johnson-johnson\/\">Johnson &amp; Johnson<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nigeria\/\">Nigeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinopharm\/\">Sinopharm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560541\" 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=\"560541\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/\">\r\n                            Mac Optic has EGP 300 mn worth of education investments planned                        <\/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\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/\" 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\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/')\">\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\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/\">\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=Mac Optic has EGP 300 mn worth of education investments planned&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/\">\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\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/&title=Mac Optic has EGP 300 mn worth of education investments planned\">\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=Mac+Optic+has+EGP+300+mn+worth+of+education+investments+planned+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Fmac-optic-has-egp-300-mn-worth-of-education-investments-planned%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\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/77.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560542\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/77-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/77.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"77.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/77.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/77.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560541\" class=\"content-area-description single-story post-560541 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-education tag-enterpriseam tag-france tag-international-schools tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Greek industrial investor <\/strong><strong><a href=\"http:\/\/www.macoptic-sa.com\/\">Mac Optic<\/a><\/strong><strong> will invest EGP 300 mn to establish five new <\/strong><strong>international schools and one technical institute in Egypt<\/strong>, CEO Ahmed Radwan told <a href=\"https:\/\/bit.ly\/3rb2UmS\">Al Mal<\/a> without specifying a timeline. The schools will be located in Cairo, Alexandria, Mansoura, Port Said, and Minya while the technical institute will be based in Cairo and will specialize in engineering and economics, he said. The facilities will all be managed by French non-profit <a href=\"https:\/\/www.mlfmonde.org\/\">Mission La\u00efque Fran\u00e7aise<\/a> (MLF), which will offer students accredited courses similar to those provided by the French education system.<\/p>\n<p><strong>Mac is investing in the six establishments through a special investment vehicle it set up <\/strong><strong>under its new Egypt-focused investment arm, Mac Holding.<\/strong> The company last year <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b982ef8-3fd8-4969-b9ac-a3f5202d1b01\">established Mac Holding<\/a> with USD 100 mn in capital to invest in education, financial services, media, and healthcare ventures in Egypt.<\/p>\n<p><strong>Mac who?<\/strong> Mac Optic Investment, established in 1995, started out as a supplier of military equipment but has since expanded to several other industries including cement, food commodities, medical supplies, and refining. The company is active in nine countries in the Middle East and Europe, as well as the US.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-schools\/\">international schools<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560543\" 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=\"560543\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/bank-audi-egypt-fab-in-2q2021\/\">\r\n                            Bank Audi Egypt = FAB in 2Q2021                        <\/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\/03\/03\/bank-audi-egypt-fab-in-2q2021\/\" 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\/03\/03\/bank-audi-egypt-fab-in-2q2021\/')\">\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\/03\/03\/bank-audi-egypt-fab-in-2q2021\/\">\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=Bank Audi Egypt = FAB in 2Q2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/bank-audi-egypt-fab-in-2q2021\/\">\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\/03\/03\/bank-audi-egypt-fab-in-2q2021\/&title=Bank Audi Egypt = FAB in 2Q2021\">\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=Bank+Audi+Egypt+%3D+FAB+in+2Q2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Fbank-audi-egypt-fab-in-2q2021%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\/03\/03\/bank-audi-egypt-fab-in-2q2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/78.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560544\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/bank-audi-egypt-fab-in-2q2021\/78-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/78.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"78.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/78.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/78.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560543\" class=\"content-area-description single-story post-560543 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-bank-audi tag-banking tag-enterpriseam tag-first-abu-dhabi-bank tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Bank Audi will be fully integrated into First Abu Dhabi Bank (FAB) during 2Q2021 <\/strong>after receiving the approval of the Central Bank of Egypt and other regulatory bodies for the transaction, <a href=\"https:\/\/bit.ly\/3r4p4Y1\">Masrawy<\/a> reports, citing unnamed sources close to the matter.<\/p>\n<p><strong>Background:<\/strong> FAB <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2cbdb0de-de0f-47f6-9c9d-a046cb51d58f\">signed in January a final agreement<\/a> to acquire 100% of Bank Audi\u2019s operations in Egypt. The acquisition will increase the Emirati lender assets to EGP 120 bn (c. USD 8.1 bn) post-acquisition, making it one of the largest banks in Egypt in terms of assets. FAB\u2019s branch count will more than triple to 70, adding Bank Audi\u2019s 53 branches to its existing 17. Audi\u2019s total assets were valued at EGP 83 bn (USD 5.3 bn) at the end of 3Q2020.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bank-audi\/\">Bank Audi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560545\" 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=\"560545\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\">\r\n                            House signs off on suspending Real Estate Registry Act                        <\/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\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\" 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\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/')\">\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\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=House signs off on suspending Real Estate Registry Act&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\">\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\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/&title=House signs off on suspending Real Estate Registry Act\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=House+signs+off+on+suspending+Real+Estate+Registry+Act+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Fhouse-signs-off-on-suspending-real-estate-registry-act%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\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/79.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560546\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/79-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/79.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"79.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/79.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/79.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560545\" class=\"content-area-description single-story post-560545 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-abdel-fattah-el-sisi tag-enterpriseam tag-house-of-representatives tag-legislation-watch tag-real-estate tag-real-estate-registry-act tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>It\u2019s official: Amendments to the Real Estate Registry Act will be suspended until <\/strong><strong>30 June 2023<\/strong> after the House of Representatives\u2019 general assembly signed off yesterday on the suspension, according to a newsreel from the House (<a href=\"https:\/\/www.youtube.com\/watch?v=-eZ5eyP4IR8&list=PLZGxPKVYzChRm1EI3x99QhxHMgGovGuMy\">watch, runtime: 10:57<\/a>). The House Legislative Committee had approved the decision <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a1d9e08-8976-4312-aa23-d653611f22bc\">earlier in the day<\/a>.The votes came one day after President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/adbe13a3-c987-4e42-b17b-b7ea7b0b31c4\">issued the decree<\/a> ordering the suspension to allow time for public consultations on the legislation.<\/p>\n<p><strong>Background:<\/strong> The law \u2014 approved by parliament in August \u2014 was scheduled to go into effect this coming Saturday, 6 March. The law mandated new procedures for property owners to register their properties, and stipulated that properties must be registered at the Real Estate Registry before getting access to basic utilities. Properties that already have access to utility infrastructure would not be affected, however. The Madbouly Cabinet is now working on a draft bill for the interim two-year period setting the fees and procedures for real estate registry until the reworked Real Estate Registry Act is prepared.<\/p>\n<p><strong>OTHER LEGISLATION NEWS-<\/strong><\/p>\n<p><strong>The Water Resources Act earned preliminary approval from the House general <\/strong><strong>assembly<\/strong> ahead of a final vote on the bill <a href=\"https:\/\/www.youtube.com\/watch?v=-eZ5eyP4IR8&list=PLZGxPKVYzChRm1EI3x99QhxHMgGovGuMy\">(watch, runtime: 0:22)<\/a>. The act, which has been languishing in parliament for years, is expected <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61a50e41-ca56-4ca5-ae16-9189d348c274\">to unite disparate laws<\/a> on water into a single bill, and will introduce stricter penalties for water waste, while addressing pollution, dwindling resources, and climate change issues. The legislation received a nod from a sub-level committee \u2014 formed to resolve some of its contentious articles \u2014 in 2019, after being in the works since at least 2017, when it received Cabinet approval.<\/p>\n<p><strong>Want a refresher?<\/strong> Take a deep dive into the legislation \u2014 which is one of three water-related bills that are meant to address some of the structural issues with how water resources are organized in Egypt \u2014 with this issue of our weekly infrastructure vertical, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91feb202-b605-493a-8d72-ab4ab70aeb10\">Hardhat<\/a>. And if you want more perspective on why these bills are pressing, go back to <a href=\"https:\/\/enterprise.press\/hardhats\/counting-costs-govts-usd-50-bn-water-saving-plan\/\">our inaugural issue of Hardhat<\/a>, wherein we looked at the government\u2019s USD 50 bn water-saving plan.<\/p>\n<p><strong>THE<\/strong> <strong>HOUSE ALSO SIGNED OFF ON:<\/strong> A law regulating blood donation and the manufacturing and collection of plasma earned a final stamp of approval from the House general assembly yesterday, according to a newsreel from parliament <a href=\"https:\/\/www.youtube.com\/watch?v=-eZ5eyP4IR8&list=PLZGxPKVYzChRm1EI3x99QhxHMgGovGuMy\">(watch, runtime: 20:12)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-registry-act\/\">Real Estate Registry Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"560547\" 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=\"560547\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/560547\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560547\" class=\"content-area-description single-story post-560547 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/Sodic-Karmell2-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560548\" 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=\"560548\">\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\">Real estate<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/real-estate-appraisal-system-to-come-into-effect-in-january-2022\/\">\r\n                            Real estate appraisal system to come into effect in January 2022                        <\/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\/03\/03\/real-estate-appraisal-system-to-come-into-effect-in-january-2022\/\" 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\/03\/03\/real-estate-appraisal-system-to-come-into-effect-in-january-2022\/')\">\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\/03\/03\/real-estate-appraisal-system-to-come-into-effect-in-january-2022\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Real estate appraisal system to come into effect in January 2022&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/real-estate-appraisal-system-to-come-into-effect-in-january-2022\/\">\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\/03\/03\/real-estate-appraisal-system-to-come-into-effect-in-january-2022\/&title=Real estate appraisal system to come into effect in January 2022\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Real+estate+appraisal+system+to+come+into+effect+in+January+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Freal-estate-appraisal-system-to-come-into-effect-in-january-2022%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\/03\/03\/real-estate-appraisal-system-to-come-into-effect-in-january-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560548\" class=\"content-area-description single-story post-560548 post type-post status-publish format-standard hentry category-real-estate tag-enterpriseam tag-real-estate tag-tax 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>The Real Estate Tax Authority is currently surveying properties and preparing<\/strong> <strong>criteria based on which buildings will be valued starting January 2022<\/strong>, advisor to the head of the Real Estate Tax Authority Nagi Sergani told Enterprise. The results of the appraisal will be valid for five years, and will be used to value the properties and calculate the amount of real estate tax due, the sources said. Increases in the value of residential properties will be capped at 30%, while increases for commercial and administrative buildings will be capped at 45%.<\/p>\n<p><strong>The general survey is expected to take around nine months<\/strong>, Sergani said. Around 140 teams have been deployed around the country to evaluate different kinds of properties, including industrial and touristic establishments.<\/p>\n<p><strong>BACKGROUND:<\/strong> The survey or appraisal process happens every five years as part of a review of the real estate tax, and was last supposed to happen in 2019. Authorities postponed the appraisal at the time as they were working on a digital appraisal system \u2014 of which a prototype was ready in <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/18\/prototype-of-digital-system-ready-to-appraise-egypts-real-estate-assets-ready\/\">March of that year<\/a> \u2014 and were then forced to postpone it again when covid-19 hit in 2020. The digital survey was designed to use up-to-date methodologies and arrive at location-based values with the help of geographic coordinate systems, engineering professor and head of the real estate appraisal program Mohamed Salheen told us at the time.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"560549\" 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=\"560549\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/non-bank-lenders-now-allowed-to-finance-margin-lending\/\">\r\n                            Non-bank lenders now allowed to finance margin lending                        <\/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\/03\/03\/non-bank-lenders-now-allowed-to-finance-margin-lending\/\" 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\/03\/03\/non-bank-lenders-now-allowed-to-finance-margin-lending\/')\">\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\/03\/03\/non-bank-lenders-now-allowed-to-finance-margin-lending\/\">\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=Non-bank lenders now allowed to finance margin lending&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/non-bank-lenders-now-allowed-to-finance-margin-lending\/\">\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\/03\/03\/non-bank-lenders-now-allowed-to-finance-margin-lending\/&title=Non-bank lenders now allowed to finance margin lending\">\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=Non-bank+lenders+now+allowed+to+finance+margin+lending+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Fnon-bank-lenders-now-allowed-to-finance-margin-lending%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\/03\/03\/non-bank-lenders-now-allowed-to-finance-margin-lending\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560549\" class=\"content-area-description single-story post-560549 post type-post status-publish format-standard hentry category-regulation-watch tag-egx tag-enterpriseam tag-equities tag-factoring tag-financial-regulatory-authority tag-regulation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Egyptian factoring companies are now able to finance margin lending by <\/strong><strong>brokerage companies <\/strong>under <a href=\"http:\/\/www.fra.gov.eg\/content\/efsa_ar\/decisions\/dec252021.htm\">new regulations (pdf)<\/a> released by the Financial Regulatory Authority (FRA) yesterday. The move is meant to give brokerages access to new sources of funding and stimulate trading on the EGX. Eligible brokers are required to get approval from the FRA before engaging in margin lending. Allowing non-bank lenders to finance margin lending will likely be a welcome move for brokerages and industry associations, which have for years been seeking greater access to financing for the practice. Banks are typically reluctant to finance margin trading out of fear of turbulence in the stock market.<\/p>\n<p><strong>But Enterprise, what\u2019s factoring?<\/strong> It\u2019s a form of financing where one entity (known as the factor) buys invoices for uncollected receivables at a reduced price, then goes on to collect the full value of the receivables from the third party and pockets the difference. The factor charges a factoring fee in exchange for quickly releasing funds to the company selling the receivables. This fee is a percentage of the receivables, with the rate depending on industry, the volume of receivables being collected, how long the receivables have been outstanding, and most importantly the creditworthiness of the customers paying the receivables. Want more? We\u2019ve got you covered with our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6604a04a-9370-42f1-a7a3-e3af5dfc0357\">explainer on factoring<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/factoring\/\">factoring<\/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-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=\"560550\" 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=\"560550\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/rameda-net-income-dips-in-4q2020\/\">\r\n                            Rameda net income dips in 4Q2020                        <\/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\/03\/03\/rameda-net-income-dips-in-4q2020\/\" 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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This came despite revenues rising almost 5% y-o-y during the quarter to EGP 287.3 mn due to \u201crecovering market conditions,\u201d the company said. In 2020, net income grew by more than a third to EGP 112.2 mn while revenues expanded 7.4% to EGP 960.2 mn on the back of a portfolio\u2019s focus on higher priced products during the year. This came despite the company seeing a 14% decline in total sales volume due to covid-19.<\/p>\n<p><strong>Looking ahead:<\/strong> \u201cDevelopments in the final quarter of the year, including the rollout of vaccines which began in December 2020, have signaled a promising outlook for 2021,\u201d said CEO Amr Morsy. The company will roll out <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8360243b-6c97-4236-a6e7-c7316d7cd18c\">8-10 high-priced meds<\/a>this year, and is looking to expand into new markets including Kuwait, Bahrain, the UAE and Moldova.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arabian-cement\/\">Arabian Cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cement\/\">cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span 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role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560552\" 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=\"560552\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/last-nights-talk-shows-on-3-march-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 3 March 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\/03\/03\/last-nights-talk-shows-on-3-march-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\/03\/03\/last-nights-talk-shows-on-3-march-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\/03\/03\/last-nights-talk-shows-on-3-march-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=Last Night\u2019s Talk Shows on 3 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/last-nights-talk-shows-on-3-march-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\/03\/03\/last-nights-talk-shows-on-3-march-2021\/&title=Last Night\u2019s Talk Shows on 3 March 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows+on+3+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Flast-nights-talk-shows-on-3-march-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\/03\/03\/last-nights-talk-shows-on-3-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560552\" class=\"content-area-description single-story post-560552 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterpriseam tag-ethiopia tag-last-nights-talk-shows tag-sudan 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>Negotiations over the Grand Ethiopian Renaissance Dam were in the<\/strong><strong> limelight on last<\/strong><strong> night\u2019s talk shows<\/strong>, after Egypt and Sudan renewed yesterday a warning against Ethiopia unilaterally filling the dam\u2019s reservoir. The <a href=\"https:\/\/bit.ly\/304ou0D\">joint statement<\/a> from Cairo and Khartoum followed a meeting between President Abdel Fattah El Sisi, Foreign Minister Sameh Shoukry, and Sudanese Foreign Minister Mariam Al-Mahdi. Among those with coverage: Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=CIsQFHdNdko\">watch, runtime: 2:21<\/a>), Al Hayah Al Youm\u2019s Mohamed Sherdy (<a href=\"https:\/\/www.youtube.com\/watch?v=FXoF7bhEt88\">watch, runtime: 2:56<\/a>), and Masaa DMC\u2019s Ramy Radwan (<a href=\"https:\/\/www.youtube.com\/watch?v=03vj1phq31c\">watch, runtime: 2:30<\/a>).<\/p>\n<p><strong>The talking heads\u2019 commentary centered largely on the need for international mediation.<\/strong> Egypt reiterated yesterday <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3bdd7711-b2f5-43e2-a21d-402f55f77500\">its backing for<\/a> a Sudanese proposal to set up an international quartet to mediate the negotiations, which would include the African Union, EU, US, and United Nations. The impasse will likely only be resolved once the EU and US intervene, since they each have a vested interest in maintaining peace and stability in the Horn of Africa and among Nile Basin countries. They are also likely the only international players who have leverage to push things along, African Affairs expert at Al Ahram Center for Political and Strategic Studies Amani El Tawil told Lamees (<a href=\"https:\/\/www.youtube.com\/watch?v=DwQvYKHDmRA\">watch, runtime: 5:36<\/a>). Ala Mas\u2019ouleety\u2019s Ahmed Moussa suggested much of the same, saying that the African Union alone was unable to push any progress (<a href=\"https:\/\/www.youtube.com\/watch?v=KJGF-tTWKcU\">watch, runtime: 3:46<\/a>).<\/p>\n<p><strong>Is the road ahead going to look like the past unsuccessful attempts?<\/strong> Maybe not, suggests El Tawil, who points to Egypt and Sudan now putting up a united front, whereas they previously may have had different positions. El Tawil points to Ethiopia\u2019s first filling of the dam <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d81de93d-da0b-49a2-a919-17b76b8c39dd\">last year<\/a>, which caused mass devastation in Sudan and brought to light the dam\u2019s destructive potential for Khartoum. This united position between Egypt and Sudan could be the key source of pressure for Ethiopia to agree to mediation and stop dragging its feet on the talks, Egyptian Center for Strategic Studies Khaled Okasha told Lamees (<a href=\"https:\/\/www.youtube.com\/watch?v=3_Mjvyx6lss\">watch, runtime: 7:35<\/a>). El Tawil also noted that Egypt and Sudan signing military cooperation agreements yesterday flashed some of the two countries\u2019 hard power, which could help nudge things along.<\/p>\n<p><strong>Amendments to the Personal Status Act were the topic of a roundtable discussion<\/strong> (or screaming match, to be completely honest) Ala Mas\u2019ouleety\u2019s Ahmed Moussa hosted. It appears that nobody is happy with the amendments, with one lawyer arguing that they would severely undermine women\u2019s rights (<a href=\"https:\/\/www.youtube.com\/watch?v=e0yPWUy9E78\">watch, runtime: 4:44<\/a>). Another lawyer claimed that men would be the ones negatively affected because of the expanded grounds for divorce and laundry list of marital crimes that could land a husband in prison (<a href=\"https:\/\/www.youtube.com\/watch?v=9tspoBMkXHg\">watch: runtime: 8:18<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/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\/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<section id=\"560553\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560554\" 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=\"560554\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/egypt-in-the-news-on-3-march-2021\/\">\r\n                            Egypt in the News on 3 March 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\/03\/03\/egypt-in-the-news-on-3-march-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\/03\/03\/egypt-in-the-news-on-3-march-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\/03\/03\/egypt-in-the-news-on-3-march-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 3 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/egypt-in-the-news-on-3-march-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\/03\/03\/egypt-in-the-news-on-3-march-2021\/&title=Egypt in the News on 3 March 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+3+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Fegypt-in-the-news-on-3-march-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\/03\/03\/egypt-in-the-news-on-3-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560554\" class=\"content-area-description single-story post-560554 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-human-rights tag-journalism tag-sweden wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s human rights as far as the eye can see for Egypt in the foreign press:<\/strong> The <a href=\"https:\/\/cpj.org\/2021\/03\/egyptian-columnist-gamal-al-gamal-arrested-charged-with-terrorism-false-news\/\">Committee to Protect Journalists<\/a> is calling for the release of freelance columnist Gamal El Gamal who was arrested in February at Cairo International Airport on charges of spreading false news and joining a terrorist organization in connection to an alleged infraction that took place in 2017. Meanwhile, <a href=\"https:\/\/www.afpforum.com\/AFPForum\/Search\/ViewMedia.aspx?mui=6&hid=A12F3E2B69AD765D04BD766404379A3D29519AD805D0EB60546E0130E561DDFDCF48EC32261F1B5DFF75473F1A03F2B27C9A14FC08A4563182D4E79DF8217739F91A71C548334D2C&cck=a1aff2\">AFP<\/a> reports that 11 murder convicts were executed, and <a href=\"https:\/\/www.euronews.com\/2021\/03\/02\/egyptians-rejected-asylum-in-sweden-and-fearing-persecution-back-home\">Euronews<\/a> takes note of three Egyptian families who are facing deportation after being denied asylum in Sweden.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/journalism\/\">journalism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sweden\/\">Sweden<\/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=\"560555\" 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=\"560555\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/also-on-our-radar-on-3-march-2021\/\">\r\n                            Also on our radar on 3 March 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\/03\/03\/also-on-our-radar-on-3-march-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\/03\/03\/also-on-our-radar-on-3-march-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\/03\/03\/also-on-our-radar-on-3-march-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Also on our radar on 3 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/also-on-our-radar-on-3-march-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\/03\/03\/also-on-our-radar-on-3-march-2021\/&title=Also on our radar on 3 March 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Also+on+our+radar+on+3+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Falso-on-our-radar-on-3-march-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\/03\/03\/also-on-our-radar-on-3-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560555\" class=\"content-area-description single-story post-560555 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-commodities tag-enterpriseam tag-fertilizers tag-tax tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Fertilizer export tariffs raised amid commodities boom:<\/strong> The Trade Ministry has raised the duty imposed on nitrogen fertilizer exports as it looks to secure local supply amid rising global prices. Fertilizer companies will now pay EGP 600 to export a ton of fertilizer, up from <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/18\/egypt-renews-fees-on-fertilizer-exports-to-ensure-govt-gets-its-orders\/\">EGP 550<\/a> , the ministry <a href=\"https:\/\/www.facebook.com\/mift.media\/photos\/a.422829607785846\/3739878592747581\/?_rdc=1&_rdr\">said yesterday<\/a>. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2fb13174-3377-49ef-8300-480e0abee206\">global commodities boom<\/a> has pushed up the price of fertilizers, with a ton now averaging USD 370 in the global market, up from USD 230 last year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fertilizers\/\">fertilizers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"560556\" 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=\"560556\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/what-the-markets-are-doing-on-3-march-2021\/\">\r\n                            What the markets are doing on 3 March 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\/03\/03\/what-the-markets-are-doing-on-3-march-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\/03\/03\/what-the-markets-are-doing-on-3-march-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\/03\/03\/what-the-markets-are-doing-on-3-march-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 3 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/what-the-markets-are-doing-on-3-march-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\/03\/03\/what-the-markets-are-doing-on-3-march-2021\/&title=What the markets are doing on 3 March 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+3+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F03%2Fwhat-the-markets-are-doing-on-3-march-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\/03\/03\/what-the-markets-are-doing-on-3-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560556\" class=\"content-area-description single-story post-560556 post type-post status-publish format-standard hentry category-planet-finance tag-emerging-markets tag-energy tag-enterpriseam tag-financial-markets tag-opec tag-planet-finance tag-saudi-arabia 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>EM bonds are likely to continue to oscillate between rallies and sell-offs for the<\/strong> <strong>coming months<\/strong>, BlackRock\u2019s Head of Emerging Market Debt Sergio Trigo Paz tells <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-02\/blackrock-warns-of-whipsawed-emerging-markets-after-taper-scare?sref=mmeFTDW1\">Bloomberg<\/a>, as investors respond to an increase in US treasury yields and stimulus programs in emerging markets taper out.<\/p><p><strong>2021 isn\u2019t 2013, he says:<\/strong> Despite seeing their <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15dfd0a7-91a0-44c1-8303-adefafb2d22b\">most significant losses since September<\/a> last week, Trigo Paz is confident EM equities won\u2019t suffer the same fate as in 2013\u2019s \u201ctaper tantrum,\u201d when an announcement by the Federal Reserve that it would begin phasing out its crisis-era bond-buying program prompted panic selling and a rise in US treasury yields. This time around though EM equities are likely to avoid a crash, thanks to improving economic fundamentals, fiscal stimulus driving up the prices of commodities, and the possibility of a weaker USD, he says.<\/p><p><strong>OPEC oil production fell to an eight-month low last month as Saudi Arabia made<\/strong> <strong>good on its pledge to cut supply<\/strong> in an effort to counteract weak energy demand during the pandemic, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-02\/opec-production-plunges-as-saudis-deliver-extra-oil-cutbacks?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. OPEC oil output fell by some 920k barrels a day last month, reaching 24.87 mn barrels per day, after Saudi Arabia reduced its daily production by 11%. The pledged cuts came amid efforts to revive collapsed oil prices that had suffered from a global supply glut last year. Prices have now recovered to more than USD 60 a barrel, and the cartel is expected to begin unwinding some of production cuts when it meets later this week, possibly bringing 500k barrels back online.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,471<\/p>\n<\/td>\n<td>\n<p>-0.4% (YTD: +6.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.64<\/p>\n<\/td>\n<td>\n<p>Sell 15.74<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.63<\/p>\n<\/td>\n<td>\n<p>Sell 15.73<\/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>9,248<\/p>\n<\/td>\n<td>\n<p>+1.2% (YTD: +6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,711<\/p>\n<\/td>\n<td>\n<p>+0.8% (YTD: +13.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,569<\/p>\n<\/td>\n<td>\n<p>+0.7% (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>3,879<\/p>\n<\/td>\n<td>\n<p>-0.8% (YTD: +3.0%)<\/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>6,614<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 62.99<\/p>\n<\/td>\n<td>\n<p>+0.5%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.84<\/p>\n<\/td>\n<td>\n<p>+0.2%<\/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>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,733<\/p>\n<\/td>\n<td>\n<ul>\n<li> <\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 48,594.85<\/p>\n<\/td>\n<td>\n<p>-0.6%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 fell 0.4% yesterday<\/strong> on turnover of EGP 1.67 bn (12.8% above the 90-day average). Foreign investors were net sellers. The index is up 5.77% YTD.<\/p><p><strong>In the green: <\/strong>Sidi Kerir (+5.0%), Orascom Development Egypt (+4.7%) and Sodic (+3.8%).<\/p><p><strong>In the red: <\/strong>Ibn Sina Pharma (-3.5%), Emaar (-2.8%) and Heliopolis Housing (-2.6%).<\/p><p><strong>Asian markets are mixed in early trading this morning<\/strong> and futures suggest US markets will open solidly in the green.<\/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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/opec\/\">OPEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560557\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- 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post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-diplomacy tag-enterpriseam tag-eu tag-gerd tag-mohammed-bin-abdulrahman-al-thani tag-politics tag-qatar tag-russia tag-sudan tag-trade tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A handful of international news worth knowing this morning:<\/strong><\/p>\n<ul>\n<li><strong>Still-unnamed senior Russian officials <\/strong><strong><a href=\"https:\/\/apnews.com\/article\/us-russia-sanctions-navalny-poisoning-0e3a655e6a60b2f95be0f241b21ff4fc\">are under coordinated sanctions<\/a><\/strong><strong> from t<\/strong><strong>he<\/strong><strong> US and EU<\/strong> over the poisoning of opposition leader Alexei Navalny, who is currently being held in detention.<\/li>\n<li><strong>Saudi Crown Prince Mohammed bin Salman and other Saudi officials are facing<\/strong><strong> accusations of committing crimes against humanity <\/strong>in a <a href=\"https:\/\/rsf.org\/en\/news\/groundbreaking-rsf-complaint-holds-crown-prince-and-other-saudi-officials-responsible-khashoggi\">criminal complaint<\/a> Reporters Without Borders has filed with the German Public Prosecutor.<\/li>\n<\/ul>\n<p><strong>IN DIPLOMACY:<\/strong> <strong>Qatari Deputy Prime Minister and Minister of Foreign Affairs Mohammed<\/strong><strong> bin Abdulrahman Al Thani touched down in Cairo<\/strong> yesterday night for a two-day visit to take part in Arab League Council meetings, <a href=\"https:\/\/bit.ly\/3b8lbvy\">Masrawy<\/a> reported.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohammed-bin-abdulrahman-al-thani\/\">Mohammed Bin Abdulrahman Al Thani<\/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\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"560558\">\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\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/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\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday 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\/hardhat\/\">\r\n                            Read Hardhat                        <\/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\">13<\/div>\r\n    \r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-construction-growth-slowed-in-2020-but-steady-recovery-sees-it-outperforming-regional-peers\/\"> \r\n                            Egypt\u2019s construction growth slowed in 2020, but steady recovery sees it outperforming regional peers<\/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\/hardhats\/egypts-construction-growth-slowed-in-2020-but-steady-recovery-sees-it-outperforming-regional-peers\/\" 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\" 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      <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+construction+growth+slowed+in+2020%2C+but+steady+recovery+sees+it+outperforming+regional+peers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fhardhats%2Fegypts-construction-growth-slowed-in-2020-but-steady-recovery-sees-it-outperforming-regional-peers%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\/hardhats\/egypts-construction-growth-slowed-in-2020-but-steady-recovery-sees-it-outperforming-regional-peers\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" 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<\/a>\r\n                        \n<article id=\"post-560558\" class=\"content-area-description post-560558 hardhat type-hardhat status-publish has-post-thumbnail hentry tag-construction tag-enterprise-hardhat tag-enterpriseam tag-european-investment-bank tag-fdi tag-fitch tag-high-speed-rail tag-mena tag-mobility tag-new-administrative-capital tag-north-cairo-electricity-distribution-company tag-planning-ministry tag-real-estate tag-schneider-electric 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>Egypt\u2019s construction growth slowed in 2020, but recovery sees it outperforming <\/strong><strong>regional peers:<\/strong> Egypt\u2019s construction sector saw an overall pandemic-driven contraction in 2020, but is now well on the road to recovery, multiple sources indicate. Data shows a strong and sustained sector rebound, <a href=\"https:\/\/enterprise.press\/hardhats\/pandemic-temporarily-cooled-off-growth-forecasts-egypts-construction-industry\/\">fulfilling expectations<\/a> of reversed contraction trends.<\/p>\n<p><strong>And it\u2019s outpacing regional peers:<\/strong> Sector growth is expected to come in at 10% y-o-y in 2021, up from an expected 5.5% in 2020, a 1Q2021 Fitch report indicates. Egypt has the strongest construction sector growth outlook in the MENA region, with growth expected to come in at an average of 8.3% annually to 2029, Fitch states. By 2029, Egypt will account for 30% of the MENA construction market, Fitch predicted in June. <a href=\"https:\/\/www.globaldata.com\/mena-construction-sector-faces-severe-slump-2020-slowest-regional-recovery-expected-2021-says-globaldata\/\">GlobalData\u2019s October 2020<\/a> predictions saw MENA\u2019s construction sector contracting 4.5% in 2020, then growing 1.9% in 2021 and 4.1% in 2022.<\/p>\n<p><strong>2020\u2019s pandemic slowdown prompted a downward growth revision by global agencies:<\/strong> Construction in Egypt was expected to grow 7.7% in 2020, down from 9.5% in 2019, according to October GlobalData projections. This shows a slight <a href=\"https:\/\/www.arabfinance.com\/en\/news\/details\/egypt-economy\/525542\">downward revision<\/a> from GlobalData\u2019s April projected growth of 7.9% for 2020. The data analytics company had already reduced the construction sector\u2019s 2019-2023 projected growth from an average of 11.3% per annum in 2019 to an average of 9.6% per annum the following year. Fitch <a href=\"https:\/\/www.arabfinance.com\/en\/news\/details\/egypt-economy\/525542\">also reduced<\/a> its 2020 growth forecast to 7.5% in <a href=\"https:\/\/www.fitchsolutions.com\/infrastructure-project-finance\/covid-19-and-oil-price-collapse-dealing-double-blow-mena-construction-09-04-2020\">an April 2020 report<\/a>, down from a previous forecast of 9.7%.<\/p>\n<p><strong>And the Planning Ministry is keeping FY 2020-21 growth predictions modest: <\/strong>The construction sector expects profits of EGP 264.9 bn in FY2020-21, down from EGP 253.1 bn in FY2019-20 \u2014 with growth projected to come in at 6.4%, a Planning Ministry source tells Enterprise.<\/p>\n<p><strong>But steady medium-term growth is expected:<\/strong> Fitch expects an average annual real growth rate of 8.3% y-o-y between 2021 and 2029. Sector value is expected to more than triple from its current USD 25 bn to USD 89 bn by 2029, <a href=\"https:\/\/web.facebook.com\/EgyptianCabinet\/posts\/1617262645118761?_rdc=1&_rdr\">Fitch predicted in June<\/a>.<\/p>\n<p><strong>Gov\u2019t funding is driving the recovery: <\/strong>Construction is among the sectors most expected to recover quickly, according to a <a href=\"https:\/\/mped.gov.eg\/AdminPanel\/sharedFiles\/67ebb4dc-0447-4423-9c76-847b71ccb2f7_IFPRI%20report%202.pdf\">November 2020 joint note (pdf)<\/a> by the Planning Ministry and the International Food Policy Research Institute. Along with manufacturing, it\u2019s also the sector most likely to benefit from the government\u2019s public spending in FY2020-2021 \u2014 which comes in at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/534d27dd-1a99-4ffd-8382-86ca774067ea\">EGP 281 bn<\/a>.<\/p>\n<p><strong>As is a strong project pipeline: <\/strong>With work on the New Administrative Capital pressing ahead, new business and residential projects under construction, rising demand for infrastructure from a growing economy and population \u2014 particularly in terms of energy and transportation, momentum has continued in Egypt\u2019s construction sector, Fitch notes. Momentum is also being driven by wider adoption of public-private partnership (PPP) financing frameworks.<\/p>\n<p><strong>2020\u2019s pause in construction activity was relatively brief, several reports say.<\/strong> While the pandemic temporarily halted work on key construction projects, including the New Administrative Capital, Samalout Thermal and Damanhour Combined-Cycle power plants, Cairo metro line 3, and Ain Sokhna and Safaga port projects, the government was keen for work to continue on major projects as soon as possible \u2014 with safety measures in place, the Fitch report notes. This approach is one reason Egypt will remain a regional outperformer, according to Fitch.<\/p>\n<p><strong>And with growth, there\u2019s potential for more private sector participation:<\/strong> Government debt as a percentage of GDP stands at about 85%, so private capital will increasingly have a bigger role to play in funding construction projects, Fitch predicts. The Finance Ministry\u2019s PPP framework will spur this, as its success in making the tendering process more transparent \u201chas translated into greater certainty for investors and a rise in business sentiment,\u201d the report adds.<\/p>\n<p><strong>Underpinning it all, Egypt\u2019s generally robust economic recovery:<\/strong> Egypt was one of only three Middle East and Central Asia economies not expected to contract in 2020, according to the IMF, which upgraded Egypt\u2019s overall 2020 growth forecast to 3.5% in October, from 2% in June, according to its <a href=\"https:\/\/www.worldbank.org\/en\/country\/egypt\/publication\/economic-update-october-2020\">World Economic Outlook (pdf)<\/a>. Growth was forecast for 2.8% in 2021, rising to 5.8% by 2025.<\/p>\n<p><strong>Amid 2020\u2019s global FDI \u201ccollapse,\u201d Egypt remained Africa\u2019s top FDI recipient,<\/strong> according to <a href=\"https:\/\/unctad.org\/system\/files\/official-document\/diaeiainf2021d1_en.pdf?utm_source=UNCTAD+Media+Contacts&utm_campaign=a89dc5bfad-EMAIL_CAMPAIGN_2020_06_10_03_40_COPY_02&utm_medium=email&utm_term=0_1b47b7abd3-a89dc5bfad-70505365\">an UNCTAD report (pdf)<\/a>. Though Egypt\u2019s inflows declined some 39% to an estimated USD 5.5 bn, they still account for over half North Africa\u2019s 2020 FDI, which stood at USD 9.4 bn. Greenfield projects often pave the way for future FDI, UNCTAD notes, and Deloitte\u2019s Africa Construction Trends reports show that Egypt has by far the most construction projects on the continent: 46 <a href=\"https:\/\/ent.news\/2021\/2\/za_africa_construction_trends_2018_report_022019.pdf\">in 2018 (pdf)<\/a> and 49 <a href=\"https:\/\/ent.news\/2021\/2\/za-Africa-Construction-Trends-2019.pdf\">in 2019 (pdf)<\/a>.<\/p>\n<p><strong>This all contributes to construction growth forecasts far exceeding regional peers:<\/strong> The MENA construction sector was expected to contract 4.5% in 2020, before seeing 1.9% growth in 2021 and 4.1% in 2022, GlobalData\u2019s October projections indicate. This comes after covid-19 lockdown measures, other restrictions on activity, and budget revisions leading to megaproject spending cuts, particularly in the GCC, the company reports. Egypt\u2019s government infrastructure funding hasn\u2019t taken the hit of lower oil prices, as some regional peers have, Fitch notes.<\/p>\n<p><strong>Without pro-private sector reforms, our growth trajectory isn\u2019t certain: <\/strong>Egypt could be putting too much emphasis on megaprojects to meet our infrastructure needs, where targeted investments in urban centers like Cairo would be more effective, the 1Q2021 Fitch report cautions. It warns that bureaucracy and insufficient private sector participation could hinder the delivery of large-scale megaprojects. And it notes that its own optimistic growth projections may have to be scaled back again if there\u2019s a need for more covid-19 restrictions.<\/p>\n<p><strong>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Rail:<\/strong> DHL Industrial Projects will <a href=\"https:\/\/www.dhl.com\/eg-en\/home\/press\/press-archive\/2021\/dhl-industrial-projects-is-on-track-with-a-historic-move-of-676-passenger-coaches-across-continents.html\">transport<\/a> 676 passenger coaches from Hungary to Alexandria over the coming 32 months.<\/li>\n<li><strong>Tenth of Ramadan dry port: <\/strong>Five consortia \u2014 including one led by Dubai\u2019s DP World, one led by China International Marine Containers (CIMC) Group, and the Elsewedy Electric-DB Schenker alliance \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a0b7073-b559-415e-9174-cc4a583db2ab\">have their eyes<\/a> on the tender to establish the Tenth of Ramadan City dry port.<\/li>\n<li><strong>Natgas:<\/strong> Exports from the newly re-opened Damietta LNG plant will likely <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e0c5ce86-71e4-4b7e-a3e9-c7aa40b1221f\">remain muted<\/a> until the end of the year due to increased local energy demand expected to soon pick up during the summer.<\/li>\n<li><strong>Recycling: <\/strong>Plastic waste recycling company Green Minds plans <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c585fe3-1683-48d9-aec5-4fbbffa32380\">to invest<\/a> EGP 100 mn in expanding its monthly recycling capacity to reach 1.3k tonnes.<\/li>\n<li><strong>Water:<\/strong> The World Bank and Asian Infrastructure Investment Bank-financed <a href=\"https:\/\/cutt.ly\/ElBnUty\">rural<\/a><a href=\"https:\/\/cutt.ly\/ElBnUty\">sanitation project<\/a>, connecting unserviced households in eight governorates to running water, is expected to cost some USD 1.15 bn.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/european-investment-bank\/\">European Investment Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fitch\/\">Fitch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/high-speed-rail\/\">high-speed rail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mobility\/\">mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/north-cairo-electricity-distribution-company\/\">North Cairo Electricity Distribution Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planning-ministry\/\">Planning Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/schneider-electric\/\">Schneider Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\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=\"560560\" 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\/03\/03\/your-essential-business-calendar-on-3-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560560\" class=\"content-area-description single-story post-560560 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>March: Potential visit to Cairo by Russian President Vladimir Putin.<\/p>\n<p>1-5 March (Monday-Friday): <a href=\"https:\/\/www.aswanforum.org\/\">Aswan Forum for Peace and Development<\/a> will take place virtually.<\/p>\n<p>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>11-13 March (Thursday-Saturday): <a href=\"https:\/\/www.cairofashiontex.com\/\">Cairo Fashion & Tex<\/a> trade show, Cairo International Convention Centre, Cairo, Egypt.<\/p>\n<p>11-14 March (Thursday-Sunday) The Cairo International Furniture Show, <a href=\"https:\/\/www.lemarcheexpo.com\/\">Le Marche<\/a>, is set to take place at The Cairo International International Convention Centre.<\/p>\n<p>18 March (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>23 March (Tuesday): The second edition of the <a href=\"https:\/\/tinyurl.com\/vf98kbgf\">Egypt Retail Summit<\/a> takes place at the Nile Ritz Carlton hotel.<\/p>\n<p>25-27 March (Thursday-Saturday): <a href=\"https:\/\/www.therealgate.com\/visit\/register-your-interest-to-visit\/\">The Real Gate real estate exhibition<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>31 March (Wednesday): Deadline to visit the moroor and get an RFID sticker affixed to your car\u2019s windshield \u2014 or run afoul of the Traffic Police.<\/p>\n<p>1-3 April (Thursday-Saturday): <a href=\"http:\/\/hvacregypt.com\/\">HVAC-R Egypt Expo<\/a>.<\/p>\n<p>8-10 April (Thursday-Saturday): The TriFactory\u2019s Endurance Festival at Somabay.<\/p>\n<p>13 April (Monday): First day of Ramadan (TBC).<\/p>\n<p>25 April (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC),<\/p>\n<p>29 April (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1 May (Saturday): Labor Day (national holiday).<\/p>\n<p>2 May (Sunday): Easter Sunday.<\/p>\n<p>3 May (Monday): Sham El Nessim.<\/p>\n<p>13-15 May (Thursday-Saturday): Eid El Fitr (TBC).<\/p>\n<p>25-28 May (Tuesday-Friday): The World Economic Forum annual meeting, Singapore.<\/p>\n<p>1 June (Tuesday): The IMF will conduct a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>7 June-9 June (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>17 June (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>24 June (Thursday): End of the 2020-2021 academic year (public schools).<\/p>\n<p>26-29 June (Saturday-Tuesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/?utm_source=Adestra&utm_medium=email&CID=003D000002UIHn4IAH&utm_campaign=Egyp%5Bt%20postponement%20generic%20exp%20visp&utm_term&utm_content=7014G000001cG3zQAE&CNAME=Enterprise\">The Big 5 Construct Egypt<\/a>, Cairo International Convention Center, Cairo, Egypt.<\/p>\n<p>30 June (Wednesday): 30 June Revolution Day.<\/p>\n<p>1 July: (Thursday): National holiday in observance of 30 June Revolution.<\/p>\n<p>30 June- 15 July: National Book Fair.<\/p>\n<p>1 July (Thursday): Large taxpayers that have not yet signed on on to the e-invoicing platform <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61c78b1b-ec60-46e8-9760-c995c81f34b9\">will suffer a host of penalties<\/a>, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>19 July (Monday): Arafat Day (national holiday).<\/p>\n<p>20-23 July (Tuesday-Friday): Eid Al Adha (national holiday)<\/p>\n<p>23 July (Friday): Revolution Day (national holiday).<\/p>\n<p>5 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>9 August (Monday): Islamic New Year.<\/p>\n<p>12 August (Thursday): National holiday in observance of the Islamic New Year.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 September-2 October (Thursday-Saturday): <a href=\"https:\/\/www.egypt-projects.com\/\">Egypt Projects 2021<\/a> expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>1 October (Friday): <a href=\"https:\/\/www.expo2020dubai.com\">Expo 2020 Dubai<\/a> opens.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): <a href=\"https:\/\/ukcop26.org\/\">2021 United Nations Climate Change Conference<\/a> (COP26), Glasgow, United Kingdom.<\/p>\n<p>13-17 December: <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/396604\/Egypt\/Politics-\/Egypt-to-host-UN-anticorruption-conference-in-.aspx\">United Nations Convention against Corruption<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>27 June - 3 July 2022 (Monday-Sunday): <a href=\"https:\/\/www.insidethegames.biz\/articles\/1103867\/fisu-world-university-squash-new-giza\">World University Squash Championships<\/a>, New Giza.<\/p>\n<p><strong>Note to readers: <\/strong>Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":560537,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-560536","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"671b355c-0a65-4142-b8c2-eba8f149a336","teaser":"","photo_url":"https:\/\/ent.news\/2021\/3\/74.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 Don\u2019t let your guard down yet - 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-dont-let-your-guard-down-yet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Don\u2019t let your guard down yet\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-dont-let-your-guard-down-yet\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T02:56:25+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/74.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-dont-let-your-guard-down-yet\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/enterprise-dont-let-your-guard-down-yet\/\",\"name\":\"Enterprise Don\u2019t let your guard down yet - 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