{"id":560784,"date":"2021-03-14T04:23:33","date_gmt":"2021-03-14T04:23:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=560784"},"modified":"2025-12-16T03:02:34","modified_gmt":"2025-12-16T03:02:34","slug":"the-third-wave-of-the-pandemic-appears-to-be-on-our-doorstep-and-ramadan-could-make-it-worse","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/the-third-wave-of-the-pandemic-appears-to-be-on-our-doorstep-and-ramadan-could-make-it-worse\/","title":{"rendered":"The third wave of the pandemic appears to be on our doorstep \u2014 and Ramadan could make it worse"},"content":{"rendered":"<section id=\"560786\" 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=\"560786\">\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\/14\/what-were-tracking-on-14-march-2021\/\">\r\n                            What we\u2019re tracking on 14 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\/14\/what-were-tracking-on-14-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(); 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Meanwhile, GSK is not selling its Egypt arm to Hikma after talks broke down. We have chapter and verse on both stories in this morning\u2019s news well, below.<\/p><p><strong>THE BIG STORY AT HOME <\/strong>this morning is the general consensus that the third wave of the pandemic is just around the corner for Egypt, with expectations that matters will only be made worse with Ramadan and Eid El Fitr. We have the full rundown in Covid Watch, below. Thursday\u2019s fire at a garment factory in Obour, which killed at least 20 people, so far hasn\u2019t shown signs of having legs.<\/p><p><strong>Foreign affairs is also making waves: <\/strong>We have back-and-forth on whether and when we might re-establish relations with Ankara and a rebuke from the UN on human rights has angered the House of Representatives.<\/p><p><strong>SPEAKING OF THE HOUSE: MPs are back in plenary sessions today<\/strong> after going on recess earlier this month. On the legislative agenda this week:<\/p><ul>\n<li>A <strong>EGP 2 bn overdraft<\/strong> for the FY2020-2021 state budget and the <strong>Bankruptcy Act<\/strong> are up for discussion in a plenary session today;<\/li>\n<li>The general assembly will look at the <strong>Water Resources Act<\/strong> tomorrow;<\/li>\n<li>The House Economic Committee is set to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=13032021&amp;id=1e3d2e98-8fda-4640-8ec3-a282df70197d\">resume discussing<\/a> the <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1dc4983d-dfdf-408a-a5e9-6bfa3545fe71\">Sovereign Sukuk Act<\/a><\/strong> today;<\/li>\n<li>The Central Agency for Organization and Administration\u2019s <strong>plan for informal laborers<\/strong> is also up for discussion at the House Manpower Committee today.<\/li>\n<\/ul><p><strong>The House will also be getting its hands on the FY2021-2022 state budget soon<\/strong>, with Finance Minister Mohamed Maait scheduled to present the draft budget to President Abdel Fattah El Sisi this week before shipping it off to parliament, Maait said in <a href=\"http:\/\/bit.ly\/3tkP6aj\">a statement<\/a> yesterday.<\/p><p><strong>ALSO HAPPENING TODAY- <\/strong><\/p><p><strong>Qatari tourists visiting Egypt will now be able to purchase a USD 25 visa on <\/strong><strong>arrival<\/strong>, putting them on par with visitors from other Arab countries under the terms of an Interior Ministry <a href=\"http:\/\/www.alamiria.com\/ar-eg\/archiving-service\/Pages\/decision-details.aspx?decisionID=167155\">decision<\/a> published Thursday.<\/p><p><strong>Your brother-in-law\u2019s niece\u2019s best friend might need to get their own Netflix account:<\/strong> The streaming platform is considering cracking down on password sharing between users who do not live in the same home, and is trialling an authorization system through text message or email codes, the <a href=\"https:\/\/www.bbc.com\/news\/technology-56368698\">BBC<\/a> reports.<\/p><p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>*** CATCH UP QUICK<\/strong> from Thursday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>IPO Watch:<\/strong> Consumer healthcare giant IDH <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6b4a9f2-1d15-4f8d-abca-d234c38c8d94\">could go ahead with its dual listing<\/a> on the EGX within two months.<\/li>\n<li><strong>Digitalization:<\/strong> The Finance Ministry is planning to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7ffbf62-2086-4872-9cb4-37cb4716bab0\">gradually roll out the e-invoicing system<\/a> for all B2B transactions after all large taxpayers join the system on 1 July 2021.<\/li>\n<li><strong>Covid:<\/strong> Nearly 5% of Egyptian adults may have been infected last year with the virus that causes covid-19, according to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03b794f5-85bb-4577-b96f-795b69c45b29\">state pollster Baseera<\/a>.<\/li>\n<\/ul><p><strong>THE BIG NEWS INTERNATIONALLY<\/strong>- <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-13\/bear-warning-seen-with-nasdaq-100-velocity-stalling-at-2000-peak?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> is leading with talk that we may be in the early days of a <strong>bear market for US equities<\/strong>, while the <a href=\"https:\/\/www.ft.com\/content\/023c5cab-abbb-4f12-b17f-4f3eebc6a040\">Financial Times<\/a> thinks everybody piling into crypto and SPACs (to say nothing of a <a href=\"https:\/\/www.washingtonpost.com\/technology\/2021\/03\/12\/nft-beeple-christies-blockchain\/\">USD 69 mn NFT sale this weekend<\/a>) is something to be concerned about.<\/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>Life coach <\/strong><strong><a href=\"https:\/\/arfeenkhan.com\/\">Arfeen Khan<\/a><\/strong><strong> is giving a talk<\/strong> at a virtual AmCham event tomorrow.<\/p><p><strong>Business tech expert and TEDx speaker<\/strong><strong><a href=\"https:\/\/www.patrickschwerdtfeger.com\/\">Patrick Schwerdtfeger<\/a><\/strong> will explain how entrepreneurs, businesses and investors can harness disruptive tech at a webinar hosted by AmCham on Tuesday, 16 March. The two-hour event will see Schwerdtfeger talk block chain, AI and crypto, and discuss how the business community can reposition in a world undergoing rapid technological change. Register for the event <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-paid-registration\/1348\">here<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nafeza\/\">Nafeza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-budget\/\">state budget<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sukuk\/\">sukuk<\/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=\"560787\" 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=\"560787\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/560787\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560787\" class=\"content-area-description single-story post-560787 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\/3\/SOMA-ENTERPRISE-JETTY-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=\"560788\" 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=\"560788\">\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\/14\/hello-third-wave\/\">\r\n                            Hello, third wave?                        <\/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\/14\/hello-third-wave\/\" 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\/14\/hello-third-wave\/')\">\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\/14\/hello-third-wave\/\">\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=Hello, third wave?&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/hello-third-wave\/\">\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\/14\/hello-third-wave\/&title=Hello, third wave?\">\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=Hello%2C+third+wave%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Fhello-third-wave%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\/14\/hello-third-wave\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560788\" class=\"content-area-description single-story post-560788 post type-post status-publish format-standard hentry category-covid-watch tag-astrazeneca tag-covax tag-covid-19 tag-enterpriseam tag-eu tag-health-ministry tag-johnson-johnson tag-pfizer tag-tourism tag-unhcr 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 third wave of the pandemic appears to be on our doorstep<\/strong>, with current figures indicating that daily case numbers will peak in April and May, <a href=\"https:\/\/bit.ly\/2OsXMwq\">Youm7<\/a> reports, citing unnamed sources from the Madbouly government\u2019s covid-19 task force. These expectations are backed up by looking at Italy, whose experience with the pandemic is a month and a half ahead of Egypt\u2019s, committee member Mohamed El Nady tells <a href=\"https:\/\/www.elwatannews.com\/news\/details\/5371472\">El Watan<\/a>.<\/p>\n<p><strong>Ramadan could accelerate the third wave or increase its amplitude<\/strong>, as group iftars and sohours accelerate the spread of the virus, El Nady says. El Hekaya\u2019s Amr Adib also expects the third wave to hit soon, pointing to anecdotal evidence of entire families getting infected (<a href=\"https:\/\/www.youtube.com\/watch?v=PfWVh8SDxAU\">watch, runtime: 0:48<\/a>).<\/p>\n<p><strong>The contrarian view: There are no \u201cwaves\u201d \u2014 just an ongoing situation with some peaks <\/strong><strong>and valleys<\/strong> created by weather changes, the development of new variants, and people getting lax with preventive measures, head of the covid-19 task force Hossam Hosny told Hadith Al Kahera\u2019s Khairy Ramadan and Karima Awad (<a href=\"https:\/\/www.youtube.com\/watch?v=t7o0HsxRI34\">watch, runtime: 16:10<\/a>).<\/p>\n<p><strong>While we\u2019re talking about getting lax:<\/strong> Khairy and Adib each pointed out that Egyptians have really \u201ccanceled\u201d covid and are carrying on with weddings and large parties both in indoor spaces and in outdoor areas that are still jam-packed (<a href=\"https:\/\/www.youtube.com\/watch?v=r2JVOfedr7c\">watch, runtime: 1:41<\/a>). Khairy noted that many cafes are again serving shisha despite it still being banned as part of the government\u2019s preventive measures.<\/p>\n<p><strong>Some Egyptians are also still hesitant about getting vaccinated<\/strong>, which presidential health advisor Mohamed Awad Tag ElDin blamed on misinformation from social media that has led some to fear imaginary side effects from a jab (<a href=\"https:\/\/www.youtube.com\/watch?v=WahSW7uTBoI\">watch, runtime: 0:44<\/a>). Hosny reassured viewers that all vaccines available in Egypt are those that have been proven safe and effective.<\/p>\n<p><strong>Tourism and hospitality workers are still looking to get pushed up the vaccination <\/strong><strong>program\u2019s priority list<\/strong>, which the Federation of Egyptian Chambers of Tourism maintains would be a boon for bringing back international tourism to Egypt, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=13032021&id=e68bb8c8-f8da-4801-b6fb-58de4eae001e\">Al Shorouk<\/a>.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/3rFQcgh\">reported<\/a><\/strong><strong> 641 new covid-19 infections yesterday<\/strong>, up from 639 on Friday and another 639 on Thursday. The ministry also reported 42 new deaths, bringing the country\u2019s total death toll to 11,256. Egypt has now disclosed a total of 190,280 confirmed cases of covid-19.<\/p>\n<p><strong>Among this weekend\u2019s deaths: <\/strong>Writer and journalist Abbas El-Tarabili and TV anchor Malak Ismail both passed away due to complications related to covid-19, Amr Adib said on Friday (<a href=\"http:\/\/bit.ly\/3qHFuEF\">watch, runtime: 3:23<\/a>).<\/p>\n<p><strong>More important vaccine news: <\/strong><strong>Johnson & Johnson\u2019s covid-19 jab officially earned emergency use approval from <\/strong><strong>the World Health Organization<\/strong>, paving the way for vaccine to be used as part of the Gavi \/ Covax vaccine roll-out, according to <a href=\"https:\/\/www.who.int\/news\/item\/12-03-2021-who-adds-janssen-vaccine-to-list-of-safe-and-effective-emergency-tools-against-covid-19\">a statement<\/a> on Friday. It also has the <a href=\"https:\/\/www.ema.europa.eu\/en\/news\/ema-recommends-covid-19-vaccine-janssen-authorisation-eu\">ago-ahead to be used in Europe<\/a>.<\/p>\n<p><strong>Why it\u2019s important: <\/strong>The one-shot jab doesn\u2019t need special storage conditions \u2014 and J&J has shown it\u2019s willing to play nice to get the vaccine onto the street, <a href=\"https:\/\/www.jnj.com\/innovation\/making-johnson-johnson-janssen-covid-19-vaccine\">inking a manufacturing agreement with rival Merck<\/a>. The WHO authorization means the WHO\u2019s Covax program can distribute the one-shot vaccine, which is <a href=\"https:\/\/www.cnbc.com\/2021\/03\/01\/should-you-get-jj-new-approved-covid-vaccine-effectiveness-explained.html\">72% effective<\/a> in preventing mild and moderate cases, <a href=\"https:\/\/www.jnj.com\/johnson-johnson-covid-19-vaccine-authorized-by-u-s-fda-for-emergency-usefirst-single-shot-vaccine-in-fight-against-global-pandemic#:~:text=This%20decision%20was%20based%20on,death%2C%20beginning%2028%20days%20after\">85% effective at preventing severe or critical<\/a> forms of covid and was 100% effective at preventing covid-19 deaths in the company\u2019s phase-three trial.<\/p>\n<p><strong>Production of the Pfizer \/ BioNTech jab, meanwhile, could ramp up<\/strong> as BioNTech teams up with 13 manufacturers including Novartis, Merck and Sanofi, in a bid to achieve a lofty production target of 2 bn doses of the covid-19 vaccine this year, the <a href=\"https:\/\/www.wsj.com\/articles\/biontech-recruits-rivals-to-boost-covid-19-vaccine-production-11615640401?mod=hp_lead_pos2\">Wall Street Journal<\/a> reports.<\/p>\n<p><strong>An uptick in blood clotting cases in individuals who received the Oxford \/ <\/strong><strong>AstraZeneca vaccine is not directly caused by the jab<\/strong>, a European regualtor said in <a href=\"https:\/\/www.ema.europa.eu\/en\/news\/covid-19-vaccine-astrazeneca-prac-investigating-cases-thromboembolic-events-vaccines-benefits\">a statement<\/a> on Thursday after Denmark <a href=\"https:\/\/www.sst.dk\/en\/English\/news\/2021\/Vaccination-with-the-COVID-19-vaccine-from-AstraZeneca-is-put-on-hold-until-further-notice\">announced<\/a> it is suspending the use of the jab following reports of clotting and one death.<\/p>\n<p><strong>The US will not share doses of its locally manufactured AstraZeneca vaccine with <\/strong><strong>the EU<\/strong>, despite the vaccine remaining unauthorized in the US while European countries where it is approved face shortages, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-12\/astrazeneca-asks-biden-to-consider-shipping-u-s-doses-to-eu?srnd=premium-middle-east\">Bloomberg<\/a> reports. \u201cWe\u2019re going to start off making sure Americans are taken care of first, but we\u2019re then going to try to help the rest of the world,\u201d US President Joe Biden said Wednesday.<\/p>\n<p><strong>DONATIONS- UNHCR has delivered a second shipment of personal protective <\/strong><strong>equipment to Egypt<\/strong>, including FFP2 masks, medical gowns, surgical masks, and medical gloves to be used by frontline workers, UNHCR said in <a href=\"https:\/\/bit.ly\/3qJBTWE\">a statement<\/a> yesterday. UNHCR had previously contributed another batch of PPE to protect health workers in April 2020, according to the statement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/astrazeneca\/\">AstraZeneca<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-ministry\/\">Health Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/johnson-johnson\/\">Johnson &amp; 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All 12 analysts and economists surveyed last week expect the central bank to play it safe and leave rates on hold ahead of a possible pickup in inflation and renewed volatility in emerging-market flows.<\/p>\n<p><strong>Where rates stand currently:<\/strong> The CBE\u2019s overnight deposit rate is at 8.25% and the lending rate is 9.25%, while the main operation and discount rates are at 8.75%. The central bank slashed rates by 400 bps last year, including an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f2e78eb3-6978-4eb5-a04f-a3b7247293ed\">emergency 300-bps cut in March<\/a> to protect the economy from the fallout from covid-19, and two 50-bps cuts in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/383b8b99-dd6d-46df-b2dd-f2c241ea039f\">September<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5662d281-1e6f-4604-b559-ae1ac16ce3be\">November<\/a>.<\/p>\n<p><strong>What\u2019s weighing on policymakers right now?<\/strong><\/p>\n<p><strong>#1- <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2fb13174-3377-49ef-8300-480e0abee206\">The commodities boom<\/a><\/strong><strong>:<\/strong> There are concerns that Egypt\u2019s status as a net importer (particularly of key commodities such as wheat and oil) means that the recent surge in global commodity prices \u2014 particularly in metals, energy and food \u2014 could stimulate a pickup in domestic inflation. So far, headline annual inflation has remained muted despite the year-long rally that has taken place globally. Price growth ticked up only marginally in February, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2ad47058-a1df-4f79-a48e-1b39c17beb79\">reaching 4.5%<\/a> from 4.3% in January \u2014 still short of the lower bound of the central bank\u2019s 7% (\u00b1 2%) target range. And local food prices have remained untouched by what has been happening in the global markets, which last month saw prices rise to the <a href=\"https:\/\/www.independent.co.uk\/news\/uk\/home-news\/coronavirus-pandemic-food-prices-economy-b1814546.html\">highest level in almost seven years<\/a>.<\/p>\n<p><strong>It\u2019s not just global forces threatening to push up inflation:<\/strong> Seasonal factors including Ramadan and the beginning of the next school semester could put upward pressure on prices in the weeks ahead, said Mona Bedeir, chief economist at Prime Holding.<\/p>\n<p><strong>Analysts are expecting only a moderate increase in the months ahead:<\/strong> Analysts so far don\u2019t foresee inflation overshooting the central bank\u2019s target range. Renaissance Capital\u2019s Yvonne Mhango sees inflation stabilizing at 5%, Arqaam Capital\u2019s Noaman Kalid thinks inflation will average 6-7% through 2021, EFG Hermes\u2019 Mohamed Abu Basha is forecasting 6%, while Pharos\u2019 Radwa El Swaify is penciling in a sustained rise in the headline rate averaging 7% until the fourth quarter, when it might begin to back off.<\/p>\n<p><strong>Even so, the CBE will likely tread carefully:<\/strong> \u201cWith the stability of food commodity prices on a monthly basis after the decline that they witnessed during the past two months, which coincided with a significant increase in international commodity prices as well as the increase in oil prices, we expect the central bank to maintain interest rates,\u201d said Beltone Financial\u2019s Alia Mamdouh.<\/p>\n<p><strong>#2- The <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c6fb4fa-12c9-45d0-b904-242cb9d1c66d\">uptick in US treasury yields<\/a><\/strong> this year has dented the rally in emerging markets, which in January lifted EM stocks to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-08\/fastest-rally-in-history-takes-emerging-market-stocks-to-record\">record highs<\/a>. EMs saw daily outflows for the first time since October earlier this month as investors dumped risk assets and commentators raised the spectre of a repeat of 2013\u2019s so-called <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15dfd0a7-91a0-44c1-8303-adefafb2d22b\">Taper Tantrum<\/a>.<\/p>\n<p><strong>This is going to play into the central bank\u2019s thinking when it meets this week: <\/strong>\u201cWhile inflation figures support a 25-50 bps rate cut, the rise in US treasury yields and the risk for EM portfolio exits will prompt the MPC to keep rates unchanged,\u201d said Pharos\u2019 El Swaify.<\/p>\n<p><strong>Egypt has been reliant on foreign portfolio inflows for hard currency<\/strong> after the collapse of tourism revenues at the hands of the pandemic and low export volumes, HC Securities Monette Doss told us. \u201cWith treasury yield hikes in the USA as well as different emerging markets such as Turkey, we believe that the CBE has limited room to undertake further interest rate cuts in its upcoming meeting,\u201d she said.<\/p>\n<p><strong>The Egypt carry trade remains competitive:<\/strong> Real yields on EGP-denominated one-year bills currently stand at 5.1%, more than 300-bps higher than the return offered by EM competitor Turkey, Doss said.<\/p>\n<p><strong>The central bank will likely remain cautious in the coming months:<\/strong> \u201cThe recent acceleration in global commodity prices, especially oil and food prices, in addition to seasonal factors, leads us to believe that the easing cycle is nearing its end and no further reduction is expected before the second half of 2021,\u201d Bedeir told 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\/bonds\/\">Bonds<\/a>\n                <!-- 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  id=\"560791\">\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\/14\/gsk-hikma-end-acquisition-talks\/\">\r\n                            GSK, Hikma end acquisition talks                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/api.whatsapp.com\/send?text=GSK%2C+Hikma+end+acquisition+talks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Fgsk-hikma-end-acquisition-talks%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\/14\/gsk-hikma-end-acquisition-talks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/185.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560792\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/gsk-hikma-end-acquisition-talks\/185-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/185.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"185.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/185.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/185.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560791\" class=\"content-area-description single-story post-560791 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-banque-misr tag-ci-capital tag-enterpriseam tag-glaxosmithkline tag-hikma-pharma tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Hikma Pharma won\u2019t be acquiring GlaxoSmithKline\u2019s Egypt unit:<\/strong> GSK and Hikma Pharma have agreed to end talks over a takeover bid submitted in January by the UK-listed company that would have seen it acquire a majority stake in GSK\u2019s Egypt arm, both companies said (<a href=\"https:\/\/ent.news\/2021\/3\/GSK-Hikma.pdf\">here<\/a> and <a href=\"https:\/\/www.hikma.com\/media\/2913\/hikma-and-gsk-agree-to-cease-potential-acquisition-discussions-in-egypt-and-tunisia.pdf\">here<\/a> \u2013 pdfs) on Thursday. Hikma will not go through with its mandatory tender offer for the British pharma giant\u2019s distribution and manufacturing business in Egypt.<\/p>\n<p><strong>What happened?<\/strong> Neither Hikma nor GSK disclosed why the talks broke down. Neither company answered requests for comment.<\/p>\n<p><strong>Is there a fallback position: <\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3e925f6d-650f-40a8-aea3-afcbd9dd3ed4\">Acdima<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9c4b03c-7e07-4ed4-ba5f-048a3454ec51\">Rameda<\/a> both said they were interested in bidding for GSK\u2019s local arm, but <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff646872-fe4d-42cb-9c86-ab3420e60774\">were slapped away by GSK<\/a> last month.<\/p>\n<p><strong>Background:<\/strong> LSE-listed Hikma Pharma <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63329f34-ef75-4d4f-896a-fee755357ece\">signed a non-binding agreement<\/a> with GSK in late January to acquire its 91.2% stake in its Egypt and Tunisia units. Hikma appointed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da0d6b7d-f168-4ce8-9ab7-fc3e80efa7d2\">EFG Hermes as its financial advisor and Sharkawy & Sarhan<\/a> as counsel in preparation for the potential acquisition.<\/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\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ci-capital\/\">CI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/glaxosmithkline\/\">GlaxoSmithKline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hikma-pharma\/\">Hikma Pharma<\/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=\"560793\" 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=\"560793\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/banque-misr-will-take-90-of-ci-capital-firm-to-remain-egx-listed\/\">\r\n                            Banque Misr will take 90% of CI Capital, firm to remain EGX-listed                        <\/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\/14\/banque-misr-will-take-90-of-ci-capital-firm-to-remain-egx-listed\/\" 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\/14\/banque-misr-will-take-90-of-ci-capital-firm-to-remain-egx-listed\/')\">\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\/14\/banque-misr-will-take-90-of-ci-capital-firm-to-remain-egx-listed\/\">\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=Banque Misr will take 90% of CI Capital, firm to remain EGX-listed&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/banque-misr-will-take-90-of-ci-capital-firm-to-remain-egx-listed\/\">\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\/14\/banque-misr-will-take-90-of-ci-capital-firm-to-remain-egx-listed\/&title=Banque Misr will take 90% of CI Capital, firm to remain EGX-listed\">\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=Banque+Misr+will+take+90%25+of+CI+Capital%2C+firm+to+remain+EGX-listed+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Fbanque-misr-will-take-90-of-ci-capital-firm-to-remain-egx-listed%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\/14\/banque-misr-will-take-90-of-ci-capital-firm-to-remain-egx-listed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560793\" class=\"content-area-description single-story post-560793 post type-post status-publish format-standard hentry category-ma-watch tag-banque-misr tag-ci-capital tag-enterpriseam tag-ma-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-04\"><\/a> <strong>Banque Misr will get the 90% stake in CI Capital it sought <\/strong>after a majority of the company\u2019s shareholders agreed to sell their shares for the EGP 4.70 offer lodged by the state-owned bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cbfe2e7-47e4-41cd-a878-33418a18e656\">earlier last month<\/a>, CI said in <a href=\"https:\/\/ent.news\/2021\/3\/CI-Capital-Banque-Misr.pdf\">a disclosure to the EGX (<\/a><a href=\"https:\/\/ent.news\/2021\/3\/CI-Capital-Banque-Misr.pdf\">pdf<\/a><a href=\"https:\/\/ent.news\/2021\/3\/CI-Capital-Banque-Misr.pdf\">)<\/a> on Thursday.<\/p>\n<p><strong>Shareholders queued up to sell their shares:<\/strong> The tender offer, which wrapped up on Thursday, was 1.1x oversubscribed, with shareholders agreeing to sell some 720.8 mn shares. This is equivalent to 72% of CI Capital shares \u2014 more than the 65% stake targeted by the bank.<\/p>\n<p><strong>But Banque Misr won\u2019t buy them all:<\/strong> Banque Misr \u2014 which already owns a 24.7% stake in the company \u2014 will only purchase 653 mn shares through the MTO, a source at CI Capital told us, speaking on condition of anonymity. Following the acquisition, Banque Misr will own 90% of the company and the remaining 100 mn shares remain in freefloat on the EGX, the source added.<\/p>\n<p><strong>The transfer of ownership will be wrapped up within five working days<\/strong>, the source said.<\/p>\n<p><strong>The news comes days after CI Capital\u2019s board <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e33c6974-7afc-4f39-90cd-158e7ff20b45\">rejected Banque Misr\u2019s offer<\/a><\/strong>, saying a fair price was 20% higher than Banque Misr\u2019s bid. The bank later said it had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/97999dac-0931-46ba-8396-70766c1c9218\">no plans to hike the price<\/a> of its offer.<\/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\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ci-capital\/\">CI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"560794\" 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=\"560794\">\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\">Privatization<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/banque-du-caires-ipo-could-happen-by-year-end\/\">\r\n                            Banque du Caire\u2019s IPO could happen by year-end                        <\/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\/14\/banque-du-caires-ipo-could-happen-by-year-end\/\" 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\/14\/banque-du-caires-ipo-could-happen-by-year-end\/')\">\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\/14\/banque-du-caires-ipo-could-happen-by-year-end\/\">\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=Banque du Caire\u2019s IPO could happen by year-end&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/banque-du-caires-ipo-could-happen-by-year-end\/\">\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\/14\/banque-du-caires-ipo-could-happen-by-year-end\/&title=Banque du Caire\u2019s IPO could happen by year-end\">\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=Banque+du+Caire%E2%80%99s+IPO+could+happen+by+year-end+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Fbanque-du-caires-ipo-could-happen-by-year-end%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\/14\/banque-du-caires-ipo-could-happen-by-year-end\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/186.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560795\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/banque-du-caires-ipo-could-happen-by-year-end\/186-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/186.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"186.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/186.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/186.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560794\" class=\"content-area-description single-story post-560794 post type-post status-publish format-standard has-post-thumbnail hentry category-privatization-watch tag-abu-dhabi-development-holding tag-banking tag-banque-du-caire tag-ebrd tag-egx tag-enterpriseam tag-ipo-watch tag-privatization-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>State-owned Banque du Caire\u2019s IPO could materialize by the end of the year<\/strong>, with the lender postponing its plans to debut 20-30% of its shares on the EGX due to current market conditions, <a href=\"http:\/\/bit.ly\/30HObnP\">Masrawy<\/a> reports, citing unnamed sources in the banking industry. The decision to postpone comes as global equity markets are still going through a turbulent patch, while Ramadan arriving next month will see more retail investors sitting on the sidelines. The bank also needs more time to complete procedures for the offering, the sources claimed.<\/p>\n<p><strong>Background:<\/strong> BdC, Egypt\u2019s third largest state-owned bank, was hoping to raise some USD 500 mn via its IPO on the EGX in what was expected to be the country\u2019s biggest sale of state assets since 2006. The offering \u2014 which has been in the works since 2016 \u2014 was most recently slated for April 2020, but BdC was forced to slam on the brakes and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/73e68855-c8b6-40b1-a34f-a562b93f8ea0\">postpone<\/a> the listing in the wake of covid-induced market turmoil. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e0bdf8f-3e92-41bc-bca8-0c446b77dea7\">The European Bank for Reconstruction and Development<\/a>, the<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/163fbf90-6fe3-4c26-8f1a-da075ede540c\">Sovereign Fund of Egypt and Abu Dhabi Development Holding<\/a> were reportedly considering purchasing a stake.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi-development-holding\/\">Abu Dhabi Development Holding<\/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\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/privatization-watch\/\">privatization 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=\"560796\" 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=\"560796\">\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\">FINANCIAL INCLUSION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/tamweely-to-provide-loans-through-egypt-post-branches\/\">\r\n                            Tamweely to provide loans through Egypt Post branches                        <\/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\/14\/tamweely-to-provide-loans-through-egypt-post-branches\/\" 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\/14\/tamweely-to-provide-loans-through-egypt-post-branches\/')\">\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\/14\/tamweely-to-provide-loans-through-egypt-post-branches\/\">\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=Tamweely to provide loans through Egypt Post branches&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/tamweely-to-provide-loans-through-egypt-post-branches\/\">\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\/14\/tamweely-to-provide-loans-through-egypt-post-branches\/&title=Tamweely to provide loans through Egypt Post branches\">\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=Tamweely+to+provide+loans+through+Egypt+Post+branches+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Ftamweely-to-provide-loans-through-egypt-post-branches%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\/14\/tamweely-to-provide-loans-through-egypt-post-branches\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/187.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560797\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/tamweely-to-provide-loans-through-egypt-post-branches\/187-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/187.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"187.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/187.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/187.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560796\" class=\"content-area-description single-story post-560796 post type-post status-publish format-standard has-post-thumbnail hentry category-financial-inclusion tag-egypt-post tag-enterpriseam tag-financial-inclusion tag-fintech tag-microfinance tag-suez-canal-bank tag-tamweely wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt Post has partnered with microfinance player Tamweely<\/strong> to disburse loans for microbusinesses through the former\u2019s <a href=\"https:\/\/bit.ly\/3qE0e0d\">4k branches<\/a> across the country, Egypt Post said in <a href=\"https:\/\/bit.ly\/3cnuKpU\">a statement<\/a>. Tamweely customers can apply for loans through post offices without any required documents, while other services include monthly repayments and inquiring about status of loans before disbursement through the offices. This comes as Tamweely is making a big <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6bc93992-7bf1-4a9e-9a9d-b95c8f294dab\">push into loans to farmers and small-scale agribusinesses<\/a> in Upper Egypt and the Delta region after inking an agreement with USAID.<\/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\/egypt-post\/\">Egypt Post<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-inclusion\/\">financial inclusion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/microfinance\/\">microfinance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-bank\/\">Suez Canal Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tamweely\/\">Tamweely<\/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=\"560798\" 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=\"560798\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/\">\r\n                            NowPay joins US accelerator Y Combinator\u2019s winter 2021 cycle                        <\/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\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/\" 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\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/')\">\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\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/\">\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=NowPay joins US accelerator Y Combinator\u2019s winter 2021 cycle&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/\">\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\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/&title=NowPay joins US accelerator Y Combinator\u2019s winter 2021 cycle\">\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=NowPay+joins+US+accelerator+Y+Combinator%E2%80%99s+winter+2021+cycle+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Fnowpay-joins-us-accelerator-y-combinators-winter-2021-cycle%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\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560798\" class=\"content-area-description single-story post-560798 post type-post status-publish format-standard hentry category-startup-watch tag-enterpriseam tag-fintech tag-flat6labs tag-nowpay tag-startup-watch tag-startups tag-y-combinator 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>Egyptian fintech startup <\/strong><strong><a href=\"https:\/\/nowpay.cash\/\">NowPay<\/a><\/strong><strong> has joined US startup accelerator <\/strong><strong><a href=\"https:\/\/www.ycombinator.com\/\">Y<\/a><\/strong><strong><a href=\"https:\/\/www.ycombinator.com\/\">Combinator<\/a><\/strong><strong>\u2019s Winter 2021 funding cycle<\/strong>, <a href=\"https:\/\/adigitalboom.com\/exclusive-egyptian-fintech-startup-nowpay-joins-y-combinator\/\">Digital Boom<\/a> reports. The startup will receive USD 125k as well as three months of intensive mentoring, culminating in a demo day to an audience of potential investors and collaborators.<\/p>\n<p><strong>The payroll management company was created by <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/01\/ta-telecom-spins-off-fintech-startup-nowpay-after-it-secures-usd-600k-seed-funding\/\">TA Telecom in 2019<\/a><\/strong>, and had raised at least <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e57cb46f-6c9b-4169-b11b-ffff93656387\">USD 2.1 mn in funding<\/a> from Foundation Ventures, Endure Capital, and other investors in a seed round in October. NowPay enables employees to access their salaries at any point during the month and manage their finances. It is managing over USD 200 mn in salaries and has signed on corporate clients including SODIC, Wadi Degla, Domty and Axa. The company plans to expand its service offering under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec99daab-7127-473c-bd0e-033225df2f54\">an MoU signed<\/a> with the Export Development Bank of Egypt earlier this month.<\/p>\n<p><strong>ALSO FROM PLANET STARTUP-<\/strong><\/p>\n<p><strong>Ten tech-driven startups graduated from regional incubator Flat6Labs\u2019 fall 2020 <\/strong><strong>cycle<\/strong>, with businesses in fields including fintech, e-commerce, media, AI, and health tech, according to a <a href=\"https:\/\/ent.news\/2021\/3\/Press-Release-Flat6Labs-Cairo-Graduates-Ten-Innovative-Startups-at-Fall-2020-Demo-Day.pdf\">statement (pdf)<\/a>. The startups received funding as part of the Flat6Labs Accelerator\u2019s program, which aims to fund more than 100 startups by 2022. The program is supported by anchor investments from the International Finance Corporation, MSME Development Agency, the Egyptian American Enterprise Fund, and Egypt Ventures.<\/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\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/flat6labs\/\">Flat6Labs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nowpay\/\">NowPay<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/y-combinator\/\">Y Combinator<\/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=\"560799\" 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=\"560799\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/he-said-she-said\/\">\r\n                            He said, she said?                        <\/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\/14\/he-said-she-said\/\" 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\/14\/he-said-she-said\/')\">\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\/14\/he-said-she-said\/\">\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=He said, she said?&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/he-said-she-said\/\">\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\/14\/he-said-she-said\/&title=He said, she said?\">\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=He+said%2C+she+said%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Fhe-said-she-said%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\/14\/he-said-she-said\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/189.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560800\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/he-said-she-said\/189-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/189.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"189.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/189.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/189.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560799\" class=\"content-area-description single-story post-560799 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-eastern-mediterranean tag-enterpriseam tag-mena tag-turkey 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>Turkey claims it has restarted diplomatic relations with Egypt<\/strong> and is trying to set up a meeting in Cairo to look into economic, political, and diplomatic cooperation that could potentially lead to warmer relations as Ankara looks to end a long-running dispute. \u201cWe have contacts both at the level of intelligence and foreign ministries with Egypt. Diplomatic-level contacts have started,\u201d Turkey\u2019s Anadolu Agency quoted Turkish Foreign Minister Mevl\u00fct \u00c7avu\u015fo\u011flu as saying on Friday, according to <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/2\/8\/405876\/World\/Region\/Turkey-and-Egypt-have-had-their-first-diplomatic-c.aspx\">AFP<\/a>. Those contacts are \u201cnot at the highest level, but right below the highest level,\u201d and the hope is to rebuild strong ties between both countries, President Recep Tayyip Erdogan was quoted as saying by <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2B41G9\">Reuters<\/a>.<\/p>\n<p><strong>Not so fast, says Cairo: <\/strong>The statements by Turkish officials can\u2019t be taken to mean both countries have resumed \u201cdiplomatic communication,\u201d <a href=\"https:\/\/www.mena.org.eg\/news\/dbcall\/table\/textnews\/id\/8846503\">state news agency MENA<\/a> cited an official Egyptian source as saying. Egypt expects any country with which it has normal relations to abide by international law and stop meddling in the internal affairs of others in the region, the official said.<\/p>\n<p><strong>Background:<\/strong> Turkey has recently been signaling its willingness to fix relations with Egypt, and with our regional allies Saudi and the UAE, suggesting earlier this month that it could sign <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/97a7c519-e6da-49a3-a333-d6aef5ec7f00\">an maritime agreement<\/a> with Egypt demarcating EastMed borders if relations improve. With growing EastMed disputes and years-long tensions that followed the ousting of Turkey-backed former Ikhwan President Mohamed Morsi, it will be hard to \u201cachieve the desired stability,\u201d Foreign Minister Sameh Shoukry said in a speech to the Arab League <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c45e862-17f2-4973-ae80-448c7c1d3b84\">earlier this month<\/a>. Relations grew more tense last year, when Ankara refused to recognise an economic zone <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c3ad5b2-df09-4b29-a8b0-493e1b964837\">agreed between Egypt and Greece<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4cbff3e9-2edd-4994-8b14-e0453fc0ca30\">pressed ahead with its own gas surveys<\/a> and naval exercises in disputed waters.<\/p>\n<p><strong>The story is getting attention from the foreign press: <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-12\/turkey-restarted-diplomatic-contacts-with-egypt-cavusoglu-says?sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/apnews.com\/article\/turkey-libya-egypt-recep-tayyip-erdogan-ankara-d47a629acf422b69522c4c25228a149a\">Associated Press<\/a> | <a href=\"https:\/\/www.voanews.com\/middle-east\/turkey-announces-talks-reset-ties-egypt\">Voice of America<\/a>.<\/p>\n<p><strong>OTHER DIPLOMACY NEWS-<\/strong><\/p>\n<p><strong>Egypt and Sudan are urging Ethiopia to approve a plan to involve the UN, US, and EU in<\/strong><strong> negotiations over the Grand Ethiopian Renaissance Dam (GERD)<\/strong>, both countries said in <a href=\"https:\/\/bit.ly\/3cwgWJE\">a joint statement<\/a> following Sudanese Prime Minister Abdallah Hamdok\u2019s visit to Cairo last week. The plan involves bringing the three powers on board with the African Union (AU), which is currently mediating the talks, to help reach an agreement on the rules of filling and operating the dam. Ethiopia earlier this month <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c45e862-17f2-4973-ae80-448c7c1d3b84\">rejected attempts<\/a> to bring more foreign mediators to the table, appearing to be buying time as it concludes the second round of filling the dam, while at the same time dismissing claims that it\u2019s trying to undermine the role of the AU.<\/p>\n<p><strong>Speaking of Ethiopia, the US has decided against resuming security aid to the country<\/strong> after US Secretary of State Antony Blinken described acts by the government in the western region of Tigray as ethnic cleansing, <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2B42P3\">Reuters<\/a> reported. Aid payments related to health and food security resumed, but those for most security programs and several other programs will remain paused, State Department spokesperson Ned Price said. The US, under former President Donald Trump, had originally suspended aid to Ethiopia <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42548a58-6d51-48b8-8290-7ff439f618e0\">in September 2020<\/a> after it unilaterally began filling the dam without reaching an agreement with Egypt and Sudan, but the Biden administration later decided to \u201c<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b54dbe3c-c320-4279-950f-ac96c7200e1b\">de-link<\/a>\u201d aid payments to GERD.<\/p>\n<p><strong>Egypt, France, Germ<\/strong><strong>any and Jordan have reiterated calls for a two-state solution for<\/strong><strong> Palestine and Israel<\/strong>, and called against \u201cunilateral\u201d actions such as Israel\u2019s illegal settlements in the West Bank and Jerusalem in a meeting of foreign ministers in Paris on Thursday, they said in <a href=\"https:\/\/bit.ly\/3csj4lJ\">a joint statement<\/a>. The four countries have been spearheading momentum to resume the peace process, and have held three meetings since February 2020, the latest of which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9ae3fc40-4f0c-47fc-b627-f0b0cf703674\">was in Cairo last January<\/a>. Yesterday\u2019s statement made no mention of when the upcoming sit-down is scheduled.<\/p>\n<p><strong>Libya\u2019s interim government could get policy assistance from Egypt<\/strong> to help restore political stability and build development projects, as per a proposal from President Abdel Fattah El Sisi during a phone call yesterday with interim Libyan Prime Minister Abdul Hamid Dbeibah, according to <a href=\"https:\/\/bit.ly\/3vkiW0n\">an Itthaidya statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-mediterranean\/\">Eastern Mediterranean<\/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\/turkey\/\">Turkey<\/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=\"560801\" 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=\"560801\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/560801\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560801\" class=\"content-area-description single-story post-560801 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=\"560802\" 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=\"560802\">\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\">CURRENT AFFAIRS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/unhrc-slams-egypts-human-rights-record-in-joint-statement-by-31-countries\/\">\r\n                            UNHRC slams Egypt\u2019s human rights record in joint statement by 31 countries                        <\/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\/14\/unhrc-slams-egypts-human-rights-record-in-joint-statement-by-31-countries\/\" 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\/14\/unhrc-slams-egypts-human-rights-record-in-joint-statement-by-31-countries\/')\">\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\/14\/unhrc-slams-egypts-human-rights-record-in-joint-statement-by-31-countries\/\">\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=UNHRC slams Egypt\u2019s human rights record in joint statement by 31 countries&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/unhrc-slams-egypts-human-rights-record-in-joint-statement-by-31-countries\/\">\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\/14\/unhrc-slams-egypts-human-rights-record-in-joint-statement-by-31-countries\/&title=UNHRC slams Egypt\u2019s human rights record in joint statement by 31 countries\">\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=UNHRC+slams+Egypt%E2%80%99s+human+rights+record+in+joint+statement+by+31+countries+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Funhrc-slams-egypts-human-rights-record-in-joint-statement-by-31-countries%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\/14\/unhrc-slams-egypts-human-rights-record-in-joint-statement-by-31-countries\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560802\" class=\"content-area-description single-story post-560802 post type-post status-publish format-standard hentry category-current-affairs tag-current-affairs tag-egyptian-initiative-for-personal-rights tag-enterpriseam tag-finland tag-foreign-ministry tag-human-rights tag-sameh-shoukry tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt condemns \u201creckless\u201d UN statement after Western nations criticize Egypt\u2019s <\/strong><strong>human rights record:<\/strong> The US and 30 other countries called on Egypt to end human rights violations against political opponents in a joint statement read out at the United Nations Human Rights Council on Friday (<a href=\"https:\/\/bit.ly\/38zMjC5\">watch, runtime 2:36<\/a>). The statement \u2014 signed mostly by European countries, as well as the United States, Australia, New Zealand, and Canada \u2014 expressed concern about freedom of expression and assembly in Egypt, and specifically mentioned t<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3dca1181-44b8-45fb-9762-57a6f61e7e32\">he arrest of three staff members of the Egyptian Initiative for Personal Right<\/a>s last year. US Secretary of State Antony Blinken had expressed concern over Egypt\u2019s human rights record <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ea9a95b-4753-4601-8f01-46e5053d92a0\">in a phone call with Foreign Minister Sameh Shoukry last month<\/a>, as observers say the US may seek to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7e9b06c-0601-45c3-b01f-8792f73b7924\">recalibrate<\/a> its relationship with regional allies.<\/p>\n<p><strong>Egypt\u2019s Foreign Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/38BqMJg\">rejected the statement<\/a><\/strong> as being full of \u201cunfounded allegations\u201d and \u201creckless\u201d information and expressed its surprise and disapproval at what it described as an inaccurate and incomplete perspective on the human rights situation in Egypt. The <a href=\"https:\/\/ent.news\/2021\/3\/Egypts-House-of-Representatives-Condemns-Joint-Statement-by-UN-Human-Rights-Council.docx.pdf\">House of Representatives (pdf)<\/a> and <a href=\"https:\/\/ent.news\/2021\/3\/Statement-of-the-Egyptian-Senate.docx.pdf\">Senate (pdf)<\/a> used similar language in criticizing the UN statement.<\/p>\n<p><strong>Tit for tat? <\/strong>The ministry said Egypt would present its own statement at the UNHRC, in which it will highlight shortcomings in the human rights records of some of the countries levying criticism. \u201cThe issue of human rights is in constant development. No nation has perfected it, and no nation has the right to appoint itself as judge on these matters,\u201d the ministry said.<\/p>\n<p><strong>The story is being picked up in the international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2B4174\">Reuters<\/a> | <a href=\"https:\/\/www.independent.co.uk\/news\/world\/middle-east\/egypt-sisi-human-rights-international-b1816494.html\">The Independent<\/a>.<\/p>\n<p><strong>OTHER CURRENT AFFAIRS NEWS-<\/strong><\/p>\n<p><strong>The Mubarak family\u2019s European assets are now unfrozen<\/strong> after the EU revoked sanctions imposed on nine individuals following the 2011 revolution to help the repatriation of misappropriated state funds, the EU said in <a href=\"https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2021\/03\/12\/egypt-eu-revokes-sanctions-framework-and-delists-9-people\/\">a statement<\/a>. The sanctioned individuals <a href=\"https:\/\/www.sanctionsmap.eu\/#\/main\/details\/12\/?search=%7B%22value%22:%22%22,%22searchType%22:%7B%7D%7D\">had included<\/a> former first lady Suzanne Mubarak, Mubarak\u2019s sons Alaa and Gamal and their wives, as well as former Interior Minister Habib El Adly and his wife, and former Tourism Minister Zoheir Garana.<\/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\/current-affairs\/\">CURRENT AFFAIRS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-initiative-for-personal-rights\/\">Egyptian Initiative for Personal Rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finland\/\">Finland<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-ministry\/\">Foreign Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560803\" 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=\"560803\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/six-new-members-join-itidas-board\/\">\r\n                            Six new members join ITIDA\u2019s board                        <\/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\/14\/six-new-members-join-itidas-board\/\" 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\/14\/six-new-members-join-itidas-board\/')\">\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\/14\/six-new-members-join-itidas-board\/\">\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=Six new members join ITIDA\u2019s board&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/six-new-members-join-itidas-board\/\">\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\/14\/six-new-members-join-itidas-board\/&title=Six new members join ITIDA\u2019s board\">\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=Six+new+members+join+ITIDA%E2%80%99s+board+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Fsix-new-members-join-itidas-board%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\/14\/six-new-members-join-itidas-board\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560803\" class=\"content-area-description single-story post-560803 post type-post status-publish format-standard hentry category-moves tag-amr-talaat tag-cib tag-enterpriseam tag-hisham-haddara tag-itida tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Six private sector figures are now on the board of the Information Technology <\/strong><strong>Industry Development Agency (ITIDA): <\/strong>Retail banking CEO at CIB <strong>Ahmed Issa<\/strong> (<a href=\"https:\/\/eg.linkedin.com\/in\/ahmed-issa-92428b24\">LinkedIn<\/a>), VP and general manager of Egypt Center of Excellence at Dell Technologies <strong><a href=\"https:\/\/www.amcham.org.eg\/membership\/members-database\/3867\/dell-emc\">Magued Mahmoud<\/a><\/strong>, VP of Cisco Middle East and Africa <strong>Reem Asaad<\/strong> (<a href=\"https:\/\/ae.linkedin.com\/in\/reemasaad-cisco\">LinkedIn<\/a>), Si-Ware Systems CEO <strong>Hisham Haddara<\/strong> (<a href=\"https:\/\/eg.linkedin.com\/in\/hisham-haddara-2791005\">LinkedIn<\/a>), human resources director at the Arab African International Bank <strong>Engy Wahdan<\/strong> (<a href=\"https:\/\/eg.linkedin.com\/in\/engy-wahdan-45b26121\">LinkedIn<\/a>), and BasharSoft CEO and co-founder <strong>Ameer Sherif<\/strong> (<a href=\"https:\/\/eg.linkedin.com\/in\/ameersherif\">LinkedIn<\/a>). All new members will serve a one-year term, according to <a href=\"http:\/\/bit.ly\/3rKaAwX\">a statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amr-talaat\/\">Amr Talaat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hisham-haddara\/\">Hisham Haddara<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/itida\/\">ITIDA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/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=\"560804\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide 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draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-jeuprln\" data-v=\"4\" data-block-id=\"jeuprln\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-jeuprln-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-jeuprln-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 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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=\"560805\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/last-nights-talk-shows-on-14-march-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 14 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\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/last-nights-talk-shows-on-14-march-2021\/&title=Last Night\u2019s Talk Shows on 14 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+14+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Flast-nights-talk-shows-on-14-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\/14\/last-nights-talk-shows-on-14-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560805\" class=\"content-area-description single-story post-560805 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-archaeology tag-construction tag-development tag-enterpriseam tag-last-nights-talk-shows tag-moustafa-madbouly tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Apart from discussion of an imminent third wave of covid-19, the government\u2019s plan to<\/strong><strong> develop Old Cairo<\/strong> was the leading topic of conversation on the airwaves last night, after Prime Minister Moustafa Madbouly took a tour of the area yesterday. The prime minister <a href=\"https:\/\/alborsaanews.com\/2021\/03\/13\/1424954\">ordered the Cairo governor\u2019s office<\/a> to suspend the issuance of construction and demolition permits in the area to help preserve it. The overhaul is going to be comprehensive and will cover all of Khedival Cairo as an area, in addition to focusing on social development by reviving traditional handicrafts and improving the quality of life for residents, Mohamed El Khatib, one of the consultants on the project told El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=GB50JOWZ2KA\">watch, runtime: 8:17<\/a>).<\/p>\n<p><strong>The development will entail preserving, not demolishing, existing buildings and will focus largely on making the area organized<\/strong> and attractive to tourists year-round, Al Hayah Al Youm\u2019s Mohamed Sherdy said (<a href=\"https:\/\/www.youtube.com\/watch?v=lnfbb_7t1so\">watch, runtime: 8:08<\/a>). The development plan will also set up one centralized authority that will be responsible for Khedival Cairo, as opposed to the current system that sees officials from different ministries and government bodies working together from across the aisle, head of the Antiquities Ministry\u2019s religious antiquities unit Osama Talaat told Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=AcpoM_A-ja0\">watch, runtime: 3:00<\/a>). Masaa DMC\u2019s Eman El Hosary focused on how informal have undermined the value of the historic district (<a href=\"https:\/\/www.youtube.com\/watch?v=hr_GRJflkUE\">watch, runtime: 3:17<\/a>).<\/p>\n<p><strong>Also getting plenty of attention yesterday: Forthcoming construction regulations and the ongoing building code violation settlement period.<\/strong> The government has so far reeled in some EGP 17 bn from 3 mn settlement requests, but the problem extends beyond these settlements and requires further regulations from the authorities to allow homeowners to register their properties correctly, House Local Administration Committee head Ahmed El Segeny told Lamees (<a href=\"https:\/\/www.youtube.com\/watch?v=YeUIUH2x5i0\">watch, runtime: 4:09<\/a>). The new construction regulations will set height limits on buildings that are on side streets, but will not eliminate high-rises on main streets and other areas where they are appropriate, Deputy Housing Minister Khaled Abbas told Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=m-spvIkvseA\">watch, runtime: 5:33<\/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\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/development\/\">development<\/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\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560806\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560807\" 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=\"560807\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/egypt-in-the-news-on-14-march-2021\/\">\r\n                            Egypt in the News on 14 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\/14\/egypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-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 14 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/egypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-march-2021\/&title=Egypt in the News on 14 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+14+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Fegypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560807\" class=\"content-area-description single-story post-560807 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-gender tag-mohamed-aboutrika tag-terrorism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The prospect of rapprochement with Ankara and the UN statement criticising our human rights record <\/strong>together lead the conversation on Egypt in the international press, as we note above.<\/p>\n<p><strong>Meanwhile: <\/strong><a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2B31NH\">Reuters<\/a> and <a href=\"https:\/\/apnews.com\/article\/egypt-cairo-fires-b58a1316a9a14ac45c6356cfd4cd8bbb\">the Associated Press<\/a> had more coverage of the fire at a garment factory in Obour, while <a href=\"https:\/\/gulfnews.com\/sport\/football\/egypt-rules-soccer-star-aboutrika-to-remain-on-terror-list-until-2023-1.77786294\">Gulf News<\/a> notes that retired footballer Mohamed Aboutrika will remain on the government\u2019s terror list until 2023 after an Egyptian court rejected his appeal to be delisted. Egypt is listed among the countries that don\u2019t have legislation to protect the LGBTQ community in this <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2021-03-12\/lbgtq-where-rights-are-advancing-regressing-around-the-world?sref=mmeFTDW1\">Bloomberg<\/a> piece. And the <a href=\"https:\/\/www.nytimes.com\/2021\/03\/11\/world\/middleeast\/egypt-hair-curls-natural.html\">New York Times<\/a>\u2019 Vivian Yee looks at how young Egyptians are embracing their natural curly hair in a \u201cquiet rebellion\u201d against western beauty standards, which has brought about a boom in the local natural hair salon and product business. (<strong>Can we please \u2014 pretty please? \u2014 also boycott skin lightening creams while we\u2019re at it?<\/strong>)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-aboutrika\/\">Mohamed Aboutrika<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/terrorism\/\">terrorism<\/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=\"560808\" 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=\"560808\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/what-the-markets-are-doing-on-14-march-2021\/\">\r\n                            What the markets are doing on 14 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\/14\/what-the-markets-are-doing-on-14-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(); 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Investors are uncertain about how tech stocks will fare as higher 10-year treasury yields continue to signal a strengthening economy and a shift away from growth stocks to more cyclical, stable companies. But the 6.3% fall in the tech-heavy index is hardly a disaster, given its 97% pandemic-driven rally since March 2020.<\/p><p><strong>Gold may no longer be the gold standard for hedge assets: <\/strong>Bullion has been dropping as the covid-19 recovery presses on, making it a poor hedge against both inflation and risks in the stock market, BlackRock Portfolio Manager Russ Koesterich writes in a <a href=\"https:\/\/www.blackrock.com\/us\/individual\/insights\/another-hedge-bites-gold\">blog post<\/a>. Gold is still a good option if you\u2019re hedging against a decline in the USD, and will find new momentum if the greenback begins falling in value, he said.<\/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>11,261<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +3.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>9,588<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +10.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,637<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: +11.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,574<\/p>\n<\/td>\n<td>\n<p>+1.0% (YTD: +3.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,943<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +5.0%)<\/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>6,762<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +4.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 69.22<\/p>\n<\/td>\n<td>\n<p>-0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.60<\/p>\n<\/td>\n<td>\n<p>-2.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,719.80<\/p>\n<\/td>\n<td>\n<p>-0.2%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 60,699.37<\/p>\n<\/td>\n<td>\n<p>+7.5%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 fell 0.2% on Thursday<\/strong> on turnover of EGP 1.2 bn (19.1% below the 90-day average). Local investors were net buyers. The index is up 3.8% YTD.<\/p><p><strong>In the green:<\/strong> Orascom Investment (+5.4%), Orascom Financial (+3.1%) and Edita (+2.2%)<\/p><p><strong>In the red: <\/strong>MM Group (-1.3%), Cleopatra (-1.0%) and Abu Qir Fertilizers (-1.0%).<\/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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nasdaq\/\">Nasdaq<\/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\/treasuries\/\">treasuries<\/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=\"560809\" 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=\"560809\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/around-the-world-on-14-march-2021\/\">\r\n                            Around the World on 14 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 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             <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Around+the+World+on+14+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F14%2Faround-the-world-on-14-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\/14\/around-the-world-on-14-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560809\" class=\"content-area-description single-story post-560809 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-benjamin-netanyahu tag-diplomacy tag-enterpriseam tag-google tag-israel tag-politics tag-saudi-arabia tag-sudan tag-technology tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Saudi Arabia will contribute USD 3 bn to a joint fund for investments in <\/strong><strong>Sudan<\/strong>, and has recommitted to delivering the remaining USD 1.2 bn of a USD 1.5 bn grant promised to Sudan in 2019, <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2B41WF\">Reuters<\/a> reports.<\/p>\n<p><strong>Israeli Prime Minister Benjamin Netanyahu has delayed a trip to the UAE<\/strong> <strong>that had been planned for last Thursday<\/strong> which would have been the first since the normalization of relations between the countries last year, citing delays in granting flight permissions over Jordan, the <a href=\"https:\/\/www.bbc.com\/arabic\/middleeast-56344914\">BBC<\/a> reports.<\/p>\n<p><strong>A class action lawsuit accusing Google\u2019s browser of harvesting user data <\/strong><strong>even in incognito mode <\/strong>will go ahead after a US federal court denied Google\u2019s request to throw out the case, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-13\/google-must-face-suit-over-snooping-on-incognito-browsing?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports.<\/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\/benjamin-netanyahu\/\">Benjamin Netanyahu<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/google\/\">Google<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/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\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/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=\"560810\" 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\/14\/your-essential-business-calendar-on-14-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560810\" class=\"content-area-description single-story post-560810 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>11-14 March (Thursday-Sunday): First edition of Afaq Real Estate Expo, Tolip El Galaa Hotel, Cairo, Egypt.<\/p>\n<p>11-15 March (Thursday - Monday): Al Bazaar fair for handicrafts and house decors, Cairo International Conference Centre, Cairo, Egypt.<\/p>\n<p>11-20 March (Thursday-Saturday): Photopia\u2019s <a href=\"http:\/\/bit.ly\/3qeZi2a\">Cairo Photo Week 2021<\/a> will take place with this year\u2019s theme being Depth OFF Field.<\/p>\n<p>13-14 March (Saturday-Sunday): The Marketers League Conference will take place at Kundalini Grand Pyramids Hotel in Giza. This year\u2019s theme is <a href=\"https:\/\/beyondthepandemic.marketers-league.com\/\">Beyond the Pandemic<\/a>.<\/p>\n<p>15 March (Monday): AmCham event featuring life coach Arfeen Khan.<\/p>\n<p>16 March (Tuesday): AmCham webinar featuring business tech expert Patrick Schwerdtfeger. <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-paid-registration\/1348\">Non-members can register here<\/a>.<\/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>23 March (Tuesday): The British-Egyptian Business Association (BEBA) virtual conference on sustainable manufacturing in Africa.<\/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>29-30 March (Monday-Tuesday): <a href=\"https:\/\/arab-exchanges.org\/conference\/\">Arab Federation of Exchanges Annual Conference<\/a> 2021.<\/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>31 March (Wednesday): Income tax deadline for individuals. Real estate tax deadline.<\/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":560785,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-560784","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ec7bf5b9-3d03-414d-b2e3-dbd28668858b","teaser":"","photo_url":"https:\/\/ent.news\/2021\/3\/182.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>The third wave of the pandemic appears to be on our doorstep \u2014 and Ramadan could make it worse - 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\/the-third-wave-of-the-pandemic-appears-to-be-on-our-doorstep-and-ramadan-could-make-it-worse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The third wave of the pandemic appears to be on our doorstep \u2014 and Ramadan could make it worse\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/the-third-wave-of-the-pandemic-appears-to-be-on-our-doorstep-and-ramadan-could-make-it-worse\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T03:02:34+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\/182.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\/the-third-wave-of-the-pandemic-appears-to-be-on-our-doorstep-and-ramadan-could-make-it-worse\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/the-third-wave-of-the-pandemic-appears-to-be-on-our-doorstep-and-ramadan-could-make-it-worse\/\",\"name\":\"The third wave of the pandemic appears to be on our doorstep \u2014 and Ramadan could make it worse - 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