{"id":560925,"date":"2021-03-18T04:20:35","date_gmt":"2021-03-18T04:20:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=560925"},"modified":"2025-12-16T03:06:05","modified_gmt":"2025-12-16T03:06:05","slug":"misr-capital-wont-merge-with-ci-capital-for-now","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/misr-capital-wont-merge-with-ci-capital-for-now\/","title":{"rendered":"Misr Capital won\u2019t merge with CI Capital (for now)"},"content":{"rendered":"<section id=\"560927\" 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=\"560927\">\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\/18\/what-were-tracking-on-18-march-2021\/\">\r\n                            What we\u2019re tracking on 18 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\/18\/what-were-tracking-on-18-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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We hope you\u2019re looking forward to a fantastic Thursday<\/strong> as we wrap up week 11 of 2021. That means we have just a week and a half until the end of 1Q \u2014 and 26 days until the start of Ramadan. The Colonel was right: Time accelerates as you get older.<\/p><p><strong>It\u2019s interest rate day \u2014 and all signs point to a hold:<\/strong> All 12 people <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e93cbb9-79ef-4b1d-807b-d74d1637b427\">we surveyed<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e93cbb9-79ef-4b1d-807b-d74d1637b427\">last week<\/a> forecast the central bank would leave rates unchanged when it meets later today, citing the possible impact of heightened commodity prices on domestic inflation, and the potential for rising bond yields in the US to hit our all-important carry trade. In a similar <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2B81IQ\">Reuters poll<\/a>, 15 analysts expected rates to be left on hold and one penciled in a 50 bps cut.<\/p><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><p><strong>IT\u2019S A BIG DAY FOR: The AstraZeneca \/ Oxford jab<\/strong>, with a top European Union regulator set to announce the results of its investigation into blood clots in a vanishing small number of recipients of the jab. Both the head of the European Commission and the World Health Organization <a href=\"https:\/\/www.nytimes.com\/live\/2021\/03\/17\/world\/covid-19-coronavirus#the-who-and-the-head-of-the-european-commission-urge-countries-to-keep-using-astrazeneca-vaccines-arguing-benefits-outweigh-risk\">said late yesterday<\/a> that they trust the AstraZeneca jab. \u201cI trust AstraZeneca, I trust the vaccines,\u201d EC boss Ursula von der Leyen said. In a collective freakout, EU countries including France, Germany, Ireland and more pulled the jab. Canada continues to use it, and Ireland, France and Italy have all signaled they\u2019re ready to quickly resume using the AstraZeneca jab if today\u2019s report allows it.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>*** CATCH UP QUICK<\/strong> from Wednesday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>Anyone living in Egypt who is 18 or older <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c3611499-4c07-4b9f-b40b-1fdcadead53e\">can register now to be vaccinated<\/a><\/strong> against covid-19 as registration through the Health Ministry\u2019s <a href=\"http:\/\/egcovac.mohp.gov.eg\">online portal<\/a> is no longer limited to senior citizens, healthcare workers, and individuals with chronic conditions.<\/li>\n<li><strong>The sale of an 80-90% stake in military-owned Wataniya Petroleum <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a942317-1102-4ec1-9b16-79861b30fcfd\">has been pushed back to 2H2021<\/a><\/strong> from the first half of the year as was previously expected.<\/li>\n<li><strong>EFG Hermes\u2019 2020 grew for the third year in a row <\/strong>as the company\u2019s buy-side, non-bank lending, and capital markets businesses <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17decee9-c013-4562-b86c-ecffa2c535e1\">performed solidly<\/a> throughout the year.<\/li>\n<\/ul><p><strong>YOUR WEEKEND READING assignment: The Biden administration doesn\u2019t seem to like <\/strong><strong>freetrade <\/strong><strong>any more than Agent Orange did<\/strong>, <a href=\"https:\/\/www.nytimes.com\/2021\/03\/17\/business\/economy\/free-trade-biden-tai.html\">the New York Times writes<\/a>. The idea that trade liberalization \u201clike the spread of democracy and market capitalism \u2026 is a universal and worthy goal\u201d is no longer \u201cgospel\u201d in DC, the Gray Lady suggests. Kathering Tai, Biden\u2019s nominee to run the Office of the United States Trade Representative, is \u201cpromising to focus more on ensuring that trade [agreements] that protect the rights and interests of American workers, rather than exporters or consumers.\u201d<\/p><p><strong>PSA #1- The Tax Authority isn\u2019t planning to extend the 31 March deadline for real estate <\/strong><strong>tax filing<\/strong>, director of taxpayer services at the Egyptian Tax Authority Mohsen El Gayar told Yahduth fi Misr\u2019s Sherif Amer (<a href=\"https:\/\/www.youtube.com\/watch?v=0XyVlii6V3c\">watch, runtime: 2:52<\/a>).<\/p><p><strong>PSA #2- But do you know who has given you more time to file your taxes? Your good old Uncle Sam. <\/strong>US citizens and dual nationals will have until 17 May to file their individual tax returns, <a href=\"https:\/\/www.irs.gov\/newsroom\/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline\">the IRS said in a statement<\/a> out overnight. You can also file something called Form 4868 to ask to have until 15 October to make your filing, but you\u2019d still need to pay whatever taxes you think you owe by the May deadline. <a href=\"https:\/\/www.cnbc.com\/2021\/03\/17\/irs-pushes-april-15-us-tax-deadline-to-may-17.html\">CNBC<\/a> has more.<\/p><p><strong>** EDITOR\u2019S NOTE- EnterprisePM will not publish this afternoon. <\/strong>Longtime readers know we take occasional publication holidays to tool up for something new (and sometimes even take a breather). Today is one such day for EnterprisePM. <strong>Both our Morning and Afternoon Editions will be back in your inbox on Sunday morning at the appointed hour.<\/strong><\/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>MARKET WATCH-<\/strong><\/p><p><strong>The US Federal Reserve reinforced its dovish stance, deciding yesterday to keep interest<\/strong><strong> rates near zero<\/strong> in <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20210317a.htm\">a unanimous vote<\/a>. Fed officials expect to hold rates where they are until at least 2023, despite their <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/fomcprojtabl20210317.pdf\">projections (pdf)<\/a> for economic growth and inflation indicating a more positive outlook than a few months ago, thanks to the Biden administration\u2019s USD 1.9 tn stimulus program and the rollout of the vaccination program.<\/p><p><strong>The Fed is now looking to bring inflation \u201cmoderately above 2% for some time\u201d to compensate for the current shortfall<\/strong> and maintain the long-term average rate at 2%. It will only consider raising interest rates once inflation is \u201cwell anchored\u201d at this target, the statement says. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-17\/fed-keeps-zero-rate-outlook-sees-inflation-bump-as-short-lived?srnd=premium-middle-east\">Bloomberg<\/a> and the <a href=\"https:\/\/www.wsj.com\/articles\/federal-reserve-interest-rates-bond-purchases-march-2021-11615917632?mod=hp_lead_pos2\">Wall Street Journal<\/a> have more.<\/p><p><strong>A stock m<\/strong><strong>arket crash? That\u2019s nothing to worry about<\/strong>, <a href=\"https:\/\/www.ft.com\/content\/a8e8475a-c808-4552-96fb-7ce5551e338e\">says veteran FT commentator<\/a><a href=\"https:\/\/www.ft.com\/content\/a8e8475a-c808-4552-96fb-7ce5551e338e\">Martin Wolf<\/a> in a piece that calls for calm if and when stocks suffer a serious pullback after a record-breaking bull run. With <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c6fb4fa-12c9-45d0-b904-242cb9d1c66d\">interest rates rising<\/a> in anticipation of a strong economic recovery and heightened inflation, a stock market accustomed to cheap debt may well suffer a correction. Equities do not equal the real economy though, and while a crash will certainly hurt investors, it would only produce a wider economic crisis if badly handled by policymakers, Wolf argues.<\/p><p><strong>That\u2019s all well and good if you\u2019re in the US, but in EM?<\/strong> Emerging markets were concerned about potentially being faced with a situation similar to the 1980s debt crisis due to the aggressive stimulus measures in the US and what they thought might be sooner-than-expected tightening, Wolf writes. The asset class got a taste of that scenario earlier this month, when the bond sell-off in the US ricocheted into emerging markets, producing <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a4f373f-fa8a-4243-a936-08ff7be3fd9c\">the first day of outflows<\/a> in more than five months.<\/p><p><strong>Investors are certainly worried: <\/strong>Rising inflation and interest rates have overtaken covid-19 as the #1 investment threat, according to a Bank of America survey of investors, the <a href=\"https:\/\/www.ft.com\/content\/04f1e02a-a2d8-4c76-beb9-d205c999ec9c\">FT<\/a> reports. Respondents, who collectively manage over USD 579 bn worth of assets, voiced concerns that a strong economic recovery will combine with the historic volumes of fiscal and monetary stimulus to send prices rising uncontrollably higher, and about a possible <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15dfd0a7-91a0-44c1-8303-adefafb2d22b\">2013-esque spike in interest rates<\/a>.<\/p><p><strong>Between a rock and a hard place:<\/strong> \u201cThe Fed\u2019s challenge is to manage the transition from a low to a high interest rates regime without causing market mayhem,\u201d said analysts for financial services group ING. That\u2019s likely to be easier said than done though. <strong>\u201cIt\u2019s a catch-22 for the Fed,\u201d<\/strong> said Jim Caron, portfolio manager at Morgan Stanley Investment Management. \u201cThey want to communicate that they are going to be patient but the more patient they are, the more people will worry about inflation.\u201d<\/p><p><strong>The treasury sell-off is spreading to corporate bonds:<\/strong> Borrowing costs for US companies are rising as the sell-off in US treasuries seeps into the corporate bond market, <a href=\"https:\/\/www.ft.com\/content\/9cefffa7-4842-42ed-9b59-fc17276fc2f4\">the FT<\/a> says. The average yield on investment-grade debt rose to 2.28% last week, up 0.17 percentage points in March and 0.5 points in 2021, according to data provider ICE Data Services. The average price of high-rated corporate debt is now at its weakest since 2Q2020.<\/p><p><strong>The stock market mania may still have a while to run though<\/strong>, as the Biden administration prepares to dole out its USD 1.9 tn stimulus package. Analysts at Vanda Research predict that retail investors will buy almost USD 3 bn worth of stocks when stimulus checks are paid out this week, according to <a href=\"https:\/\/www.ft.com\/content\/e67f5076-c517-4bd5-9688-c70cde011452\">the FT<\/a>. This would be some USD 1.5 bn higher than the average daily inflow over the past month, and set a new record for single-day retail buying activity.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Talking sustainable manufacturing with BEBA:<\/strong> The British-Egyptian Business Association (BEBA) will host a virtual conference on how Egyptian and UK firms can work together on sustainable manufacturing projects in Africa in the post-Brexit environment on Tuesday, 23 March. Check out the agenda<a href=\"https:\/\/ent.news\/2021\/3\/uk-egypt-partnership-for-the-promotion-of-sustainable-manufacturing-in-africa_official-programme.pdf\">here (pdf)<\/a>.<\/p><p><strong>The second edition of the<\/strong><strong><a href=\"https:\/\/bit.ly\/30MF3OK\">Egypt Retail Summit<\/a><\/strong> takes place at the Nile Ritz Carlton hotel next Tuesday 23 March, bringing together retail brands in Egypt and the region.<\/p><p><strong>Our friends at the French Chamber of Commerce and Industry in Egypt are organizing a working breakfast<\/strong> with Sovereign Fund of Egypt CEO Ayman Soliman on Tuesday, 6 April at the residence of French ambassador St\u00e9phane Romatet. Contact <a href=\"mailto:azza.adel@ccfe.org.eg\">azza.adel@ccfe.org.eg<\/a> if you would like to attend.<\/p><p><strong>BEBA is holding a webinar on digital banking and fintech<\/strong> on Wednesday, 7 April, it announced yesterday. Register<a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_hCbac0fgRsSaGAL_-Q3-4A\">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\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/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=\"560928\" 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=\"560928\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/560928\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560928\" class=\"content-area-description single-story post-560928 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\/Somabay_Mothers-Day_1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p>Call us to book a heartfelt coastal celebration full of pampering and love at Somabay.<\/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=\"560929\" 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=\"560929\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/misr-capital-wont-merge-with-ci-capital-for-now\/\">\r\n                            Misr Capital won\u2019t merge with CI Capital (for now)                        <\/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\/18\/misr-capital-wont-merge-with-ci-capital-for-now\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Misr+Capital+won%E2%80%99t+merge+with+CI+Capital+%28for+now%29+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Fmisr-capital-wont-merge-with-ci-capital-for-now%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\/18\/misr-capital-wont-merge-with-ci-capital-for-now\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/236.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560930\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/misr-capital-wont-merge-with-ci-capital-for-now\/236-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/236.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"236.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/236.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/236.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560929\" class=\"content-area-description single-story post-560929 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-banque-misr tag-ci-capital tag-enterpriseam tag-gamal-negm tag-ma-watch tag-misr-capital 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>Banque Misr is likely keeping its investment arm, Misr Capital, separate <\/strong><strong>from CI Capital, in which it <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a70b224-fa29-4d0c-b29b-3f5cc195752d\">now holds a 90% stake<\/a><\/strong>, Deputy Chairman Akef El Maghraby told <a href=\"https:\/\/bit.ly\/3vKLG2C\">Al Arabiya<\/a> yesterday. The state-owned lender could \u201cintegrate\u201d the activities of the two investment arms and will likely combine some operations, including their asset management operations, with an eye to diversify Banque Misr\u2019s non-banking financial products and underpin its growth in the sector, Maghraby said. Misr Capital has some EGP 27 bn in assets under management, while CI\u2019s AUM currently stands at EGP 8 bn, according to Maghraby.<\/p>\n<p><strong>Watch this space: <\/strong>Misr Capital has been active and aggressive in going after new business since it brought on an experienced management team at the end of 2018. <strong>Khalil Bawab<\/strong> moved over after a 10-year run with EFG Hermes to become Misr Capital\u2019s CEO and MD, while <strong>Omar Radwan<\/strong> joined as chief operating officer after a long run at HC Securities. The firm has since been busy planting its flags in the asset management and securitization segments, among others, and is pressing into investment banking. Misr Capital today offers asset management, fixed-income brokerage, private equity and investment banking services and manages a portfolio of largely state-owned assets.<\/p>\n<p><strong>The final steps of the acquisition:<\/strong> Three of CI Capital\u2019s biggest stakeholders \u2014 <a href=\"https:\/\/bit.ly\/3eOFccK\">CIB<\/a>, <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%b3%d9%89%20%d8%a7%d9%89%20%d9%83%d8%a7%d8%a8%d9%8a%d8%aa%d8%a7%d9%84%20%d8%a8%d9%8a%d8%a7%d9%86%20%d8%a8%d9%8a%d8%b9%201%20-17-3-2021.pdf\">Ismail Ali<\/a><a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%b3%d9%89%20%d8%a7%d9%89%20%d9%83%d8%a7%d8%a8%d9%8a%d8%aa%d8%a7%d9%84%20%d8%a8%d9%8a%d8%a7%d9%86%20%d8%a8%d9%8a%d8%b9%201%20-17-3-2021.pdf\">Al Tourki<\/a> and the <a href=\"https:\/\/bit.ly\/3tvg0ft\">Mahmoud El Gammal Charity Foundation<\/a> (pdfs) \u2014 transferred their combined 24.8% stake in CI Capital to Banque Misr, rounding out the EGP 3.06 bn transaction.<\/p>\n<p><strong>SEPARATELY-<\/strong> <strong>Banque Misr could contribute EGP 25 bn to the Central Bank of Egypt\u2019s <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/807a0ce0-3a30-4c13-a215-c7d0458b5d1f\">new mortgage finance initiative<\/a><\/strong>, which will provide EGP 100 bn-worth of subsidized mortgages to low- and middle-income earners, El Maghraby said. The new initiative will allow would-be homeowners to tap mortgage finance at a subsidized rate of 3% and will offer a 30-year repayment period. The CBE has yet to announce which banks will dole out the funding. Subsidized mortgages, which will be offered on houses valued at up to EGP 350k, will cost the state treasury a total of EGP 120 bn, provided interest rates remain unchanged, Deputy Governor Gamal Negm told Ala Mas\u2019ouleety\u2019s Ahmed Moussa last night (<a href=\"https:\/\/www.youtube.com\/watch?v=NuLqDX96t3c\">watch, runtime: 25:50<\/a>). Middle-income borrows \u2014 classified as individuals earning up to EGP 10k per month or families with a collective monthly income of up to EGP 14k \u2014 will repay the mortgages in monthly installments of up to EGP 1.7k.<\/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\/gamal-negm\/\">Gamal Negm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/misr-capital\/\">Misr Capital<\/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=\"560931\" 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=\"560931\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/sovereign-fund-eyeing-a-piece-of-atyab-plus-the-latest-on-the-mogamma\/\">\r\n                            Sovereign fund eyeing a piece of Atyab? Plus: The latest on the Mogamma.                        <\/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\/18\/sovereign-fund-eyeing-a-piece-of-atyab-plus-the-latest-on-the-mogamma\/\" 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\/18\/sovereign-fund-eyeing-a-piece-of-atyab-plus-the-latest-on-the-mogamma\/')\">\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\/18\/sovereign-fund-eyeing-a-piece-of-atyab-plus-the-latest-on-the-mogamma\/\">\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=Sovereign fund eyeing a piece of Atyab? Plus: The latest on the Mogamma.&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/sovereign-fund-eyeing-a-piece-of-atyab-plus-the-latest-on-the-mogamma\/\">\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\/18\/sovereign-fund-eyeing-a-piece-of-atyab-plus-the-latest-on-the-mogamma\/&title=Sovereign fund eyeing a piece of Atyab? Plus: The latest on the Mogamma.\">\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=Sovereign+fund+eyeing+a+piece+of+Atyab%3F+Plus%3A+The+latest+on+the+Mogamma.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Fsovereign-fund-eyeing-a-piece-of-atyab-plus-the-latest-on-the-mogamma%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\/18\/sovereign-fund-eyeing-a-piece-of-atyab-plus-the-latest-on-the-mogamma\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560931\" class=\"content-area-description single-story post-560931 post type-post status-publish format-standard hentry category-ma-watch tag-adq tag-atyab tag-enterpriseam tag-ma-watch tag-sovereign-fund-of-egypt wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Sovereign fund looking to get in on ADQ\u2019s acquisition of Atyab?<\/strong> The Sovereign Fund of Egypt (SFE) is reportedly mulling investing alongside Abu Dhabi sovereign wealth fund ADQ in the latter\u2019s bid to acquire a majority stake in frozen meats and poultry company Atyab, according to a report in Al Mal\u2019s print edition, which cites unnamed sources with knowledge of the transaction.<\/p>\n<p><strong>Where do things stand? <\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/595bcf4f-5768-4a09-a61f-639c5b1649b4\">Last we heard<\/a>, ADQ\u2019s food subsidiary Agthia was expected to wrap up its due diligence on Atyab this month, with an eye to close the acquisition of at least 75% of the Egyptian meat and poultry company no later than the end of the first half of 2021. <strong>EFG Hermes<\/strong> has been tapped as financial advisor on the transaction.<\/p>\n<p><strong>ALSO FROM THE SFE- The conditions booklet for the planned overhaul of the Mogamma<\/strong><strong> El Tahrir will be made available next month<\/strong>, Planning Minister Hala El Said told Yahduth fi Misr\u2019s Sherif Amer (<a href=\"https:\/\/www.youtube.com\/watch?v=dzuw4OCuZ7Y\">watch, runtime: 2:18<\/a>). The fund will give prospective private-sector partners a four-month window to purchase the booklet and present their bids on the project. Feasibility studies on the revamp are still underway, and will likely see the iconic building transformed into a multi-purpose building, with a portion turned into an apartment hotel and others used for commercial purposes, according to the minister.<\/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\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/atyab\/\">Atyab<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-fund-of-egypt\/\">Sovereign Fund of Egypt<\/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=\"560932\" 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=\"560932\">\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\">Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/hop-on-board\/\">\r\n                            Hop on 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\/18\/hop-on-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\/18\/hop-on-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\/18\/hop-on-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=Hop on board&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/hop-on-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\/18\/hop-on-board\/&title=Hop on 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=Hop+on+board+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Fhop-on-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\/18\/hop-on-board\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/237.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560933\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/hop-on-board\/237-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/237.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"237.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/237.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/237.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560932\" class=\"content-area-description single-story post-560932 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-afreximbank tag-african-union tag-banking tag-cairo-cape-town-highway tag-comesa tag-enterpriseam tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Egypt could join in a new USD 1 bn continental transit [assurance] scheme from<\/strong><strong> AfreximBank<\/strong>, which is designed to encourage trade across Africa by improving tax collection and cutting back on trade costs. The new scheme will \u201chelp remove bottlenecks\u201d in implementing the new African Continental Freetrade Zone (AfCFTA) and could be a boon for trade through the Cairo-Cape Town highway, AfreximBank\u2019s Managing Director for Intra-African Trade Kanayo Awani tells <a href=\"https:\/\/www.theafricareport.com\/72713\/afreximbank-wants-egypt-to-adopt-transit-guarantee-scheme\/\">The Africa Report<\/a>. AfreximBank recently launched the scheme with a pilot <a href=\"https:\/\/www.afreximbank.com\/afreximbank-partners-with-comesa-to-implement-its-us1billion-continental-transit-guarantee-scheme\/\">USD 200 mn agreement<\/a> to cover the COMESA region, which includes Egypt. Afreximbank aims to issue the first transit bonds in 3Q2021<\/p>\n<p><strong>What is the scheme?<\/strong> The plan will see AfreximBank act as a regional and continent-wide guarantor for trade by providing transit bonds covering the full range of borders that goods are required to cross, Awani said. Transit bonds are a kind of ins. given to freight shippers to protect against the risk of goods being disposed of in transit countries.<\/p>\n<p><strong>What\u2019s the benefit?<\/strong> Without regional transit assurance schemes, traders are required to obtain national bonds for each border they cross, driving up transit costs. Africa currently has no regional transit framework, pushing transit costs in African countries such as Egypt to be more than 150% higher than the average in Europe. Transit assurance provided by the African lender would enable businesses to release working capital otherwise tied up as collateral against transit bonds, while also accelerating the movement of trade exports. The scheme will also ensure that when goods make a U-turn, the duties and taxes due would still be settled.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/afreximbank\/\">AfreximBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cairo-cape-town-highway\/\">Cairo-Cape Town highway<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/comesa\/\">COMESA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560934\" 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=\"560934\">\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\">Development finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/banque-du-caire-gets-usd-100-mn-ebrd-loan-for-smes-trade-finance\/\">\r\n                            Banque du Caire gets USD 100 mn EBRD loan for SMEs + trade finance                        <\/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\/18\/banque-du-caire-gets-usd-100-mn-ebrd-loan-for-smes-trade-finance\/\" 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\/18\/banque-du-caire-gets-usd-100-mn-ebrd-loan-for-smes-trade-finance\/')\">\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\/18\/banque-du-caire-gets-usd-100-mn-ebrd-loan-for-smes-trade-finance\/\">\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 gets USD 100 mn EBRD loan for SMEs + trade finance&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/banque-du-caire-gets-usd-100-mn-ebrd-loan-for-smes-trade-finance\/\">\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\/18\/banque-du-caire-gets-usd-100-mn-ebrd-loan-for-smes-trade-finance\/&title=Banque du Caire gets USD 100 mn EBRD loan for SMEs + trade finance\">\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+gets+USD+100+mn+EBRD+loan+for+SMEs+%2B+trade+finance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Fbanque-du-caire-gets-usd-100-mn-ebrd-loan-for-smes-trade-finance%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\/18\/banque-du-caire-gets-usd-100-mn-ebrd-loan-for-smes-trade-finance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560934\" class=\"content-area-description single-story post-560934 post type-post status-publish format-standard hentry category-development-finance tag-banking tag-banque-du-caire tag-debt tag-development-finance tag-ebrd tag-enterpriseam tag-smes tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egyptian MSMEs will have access to USD 50 mn worth of financing through Banque du <\/strong><strong>Caire<\/strong>, which is getting a USD 100 mn loan from the European Bank for Reconstruction and Development (EBRD) to support the Egyptian economy, the bank said in <a href=\"https:\/\/ent.news\/2021\/3\/EBRD-PRESS-RELEASE-EN.pdf\">a press release<\/a><a href=\"https:\/\/ent.news\/2021\/3\/EBRD-PRESS-RELEASE-EN.pdf\">(pdf)<\/a>. USD 50 mn of the package is earmarked for on-lending to private sector small businesses which the EBRD says \u201cremain an underserved segment of the real economy.\u201d<\/p>\n<p><strong>The other half of the facility is earmarked for trade finance under the EBRD\u2019s <\/strong><strong><a href=\"https:\/\/www.ebrd.com\/work-with-us\/trade-facilitation-programme.html\">Trade Facilitation Program<\/a><\/strong>, which aims to boost foreign trade between EBRD countries by underwriting international trade transactions made by banks. The loan will help BdC meet demand for import and export transactions, including issuing bank assurance and providing monetary advances to bankroll private sector companies\u2019 pre-export and post-import trade-related loans, the statement said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560935\" 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=\"560935\">\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\">ECOMMERCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\">\r\n                            EFG Hermes, Universal Group to launch new ecommerce site                        <\/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\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\" 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\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/')\">\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\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\">\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=EFG Hermes, Universal Group to launch new ecommerce site&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\">\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\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/&title=EFG Hermes, Universal Group to launch new ecommerce site\">\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=EFG+Hermes%2C+Universal+Group+to+launch+new+ecommerce+site+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Fefg-hermes-universal-group-to-launch-new-ecommerce-site%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\/18\/efg-hermes-universal-group-to-launch-new-ecommerce-site\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560935\" class=\"content-area-description single-story post-560935 post type-post status-publish format-standard hentry category-ecommerce tag-consumer-finance tag-e-commerce tag-ecommerce tag-efg-hermes tag-enterpriseam tag-fintech tag-paytabs tag-startups tag-valu wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EFG Hermes and <\/strong><strong><a href=\"https:\/\/www.universalgroup.org\/\">Universal Group<\/a><\/strong><strong> are collaborating on a new ecommerce <\/strong><strong>website <\/strong>that will allow the home appliance company to sell directly to its customers, the investment bank said in <a href=\"https:\/\/ent.news\/2021\/3\/EFG-NR-Universal-Group-Partnership-ENG.pdf\">a statement (pdf)<\/a> yesterday after signing the agreement. EFG subsidiary PayTabs Egypt will handle payments on the platform while its consumer finance arm <a href=\"https:\/\/www.valu.com.eg\/home\">Valu<\/a> will offer payment plans. <a href=\"https:\/\/businessboomers.net\/\">Business Boomers<\/a>, a fintech startup owned by EFG, will host Universal\u2019s online store on its platform. \u201cSigning this partnership today with Universal Group is a key milestone in our journey to develop a full-fledged non-bank financial services ecosystem that leverages the synergies inherent in our business model throughout the group,\u201d said Walid Hassouna, EFG Hermes Finance CEO and head of debt capital markets.<\/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\/consumer-finance\/\">consumer finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ecommerce\/\">ECOMMERCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/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\/paytabs\/\">PayTabs<\/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\/valu\/\">ValU<\/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=\"560936\" 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=\"560936\">\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\">Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/pay-us-to-stop-reproducing-like-rabbits\/\">\r\n                            Pay us to stop reproducing like rabbits?                        <\/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\/18\/pay-us-to-stop-reproducing-like-rabbits\/\" 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\/18\/pay-us-to-stop-reproducing-like-rabbits\/')\">\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\/18\/pay-us-to-stop-reproducing-like-rabbits\/\">\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=Pay us to stop reproducing like rabbits?&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/pay-us-to-stop-reproducing-like-rabbits\/\">\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\/18\/pay-us-to-stop-reproducing-like-rabbits\/&title=Pay us to stop reproducing like rabbits?\">\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=Pay+us+to+stop+reproducing+like+rabbits%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Fpay-us-to-stop-reproducing-like-rabbits%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\/18\/pay-us-to-stop-reproducing-like-rabbits\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/240.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560937\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/pay-us-to-stop-reproducing-like-rabbits\/240-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/240.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"240.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/240.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/240.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560936\" class=\"content-area-description single-story post-560936 post type-post status-publish format-standard has-post-thumbnail hentry category-policy tag-enterpriseam tag-hala-el-said tag-policy tag-population-growth 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>SMART POLICY-<\/strong> <strong>Families could be in line for financial incentives if they have<\/strong><strong> fewer children<\/strong> under a new plan <a href=\"https:\/\/bit.ly\/3vxyRIJ\">announced<\/a> by the government this week as part of its family planning strategy. The scheme would see the government set up a new online portal through which families can access services provided by a state-backed fund that would reward those that stick to certain \u201ccriteria to [better] control population growth,\u201d Planning Minister Hala El Said said on Tuesday in a meeting with a number of cabinet ministers. Cabinet is due to discuss the planned fund in its weekly meeting next Wednesday.<\/p>\n<p><strong>What we know so far:<\/strong> Details are scant, but Financial Regulatory Authority boss Mohamed Omran signaled in <a href=\"https:\/\/bit.ly\/2OZwsFW\">a separate meeting with cabinet members<\/a> yesterday that proposals are already on the table for \u201can execution mechanism.\u201d There will be specific eligibility criteria for families to obtain the incentives, Omran added, without disclosing further information.<\/p>\n<p><strong>The government\u2019s family planning strategy will also involve providing contraceptives and other family planning tools at no cost<\/strong>, the planning minister said. The government will also broaden the participation of NGOs that work to curb population control, El Said added.<\/p>\n<p><strong>Running in parallel to the family planning initiative is a plan to increase women\u2019s labor market participation through vocational training programs and direct jobs.<\/strong> The plan will target up to 1 mn women aged 18-45 by setting up workshops and micro-enterprises for women, in addition to providing another 2 mn women with training on project management as well as financial literacy and inclusion, the minister added.<\/p>\n<p><strong>The government is working multiple fronts to get our population growth under control: <\/strong>El Said had said on the airwaves <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79640631-424c-4beb-827d-73b5f16d6e76\">last month<\/a> that the government is looking at offering family planning financial incentives as part of a bid announced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04c38420-d674-4bfd-ae0f-837749bbbed1\">late last year<\/a> to bring Egypt\u2019s birth rate down from 3.4 to 2.4 children per woman by 2030, though President Abdel Fattah El Sisi said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fdce7c18-dbc3-4fb9-9c87-c09c0227e41c\">at the time<\/a> that the government isn\u2019t yet looking to introduce \u201caggressive\u201d family planning measures. Family planning programs, including the Two is Enough initiative, are aiming to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7747822-d8b9-4162-a3d4-8ef085df9d7f\">get 20 mn families<\/a> on board by mid-2021, while MPs are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ed19e4a-1543-416b-9453-52a69a9a0a7b\">also working<\/a> on the overpopulation problem by legislating new family planning rules, though we\u2019re yet to hear more about the proposed bill.<\/p>\n<p><strong>ALSO FROM CABINET- <\/strong><\/p>\n<p><strong>A USD 50 mn loan<\/strong> that was recently approved by the Arab Fund for Economic and Social Development <strong>to fund Egyptian SMEs<\/strong> was greenlit in <a href=\"https:\/\/bit.ly\/3eP7Ydy\">the cabinet\u2019s weekly meeting<\/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\/hala-el-said\/\">Hala El Said<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/policy\/\">policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/population-growth\/\">population growth<\/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=\"560938\" 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=\"560938\">\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\">FINANCIAL INCLUSION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/we-still-%e2%99%a5-banknotes\/\">\r\n                            We still \u2665 banknotes                        <\/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\/18\/we-still-%e2%99%a5-banknotes\/\" 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\/18\/we-still-%e2%99%a5-banknotes\/')\">\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\/18\/we-still-%e2%99%a5-banknotes\/\">\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=We still \u2665 banknotes&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/we-still-%e2%99%a5-banknotes\/\">\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\/18\/we-still-%e2%99%a5-banknotes\/&title=We still \u2665 banknotes\">\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=We+still+%E2%99%A5+banknotes+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Fwe-still-%25e2%2599%25a5-banknotes%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\/18\/we-still-%e2%99%a5-banknotes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/241.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"560939\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/we-still-%e2%99%a5-banknotes\/241-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/241.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"241.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/241.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/241.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560938\" class=\"content-area-description single-story post-560938 post type-post status-publish format-standard has-post-thumbnail hentry category-financial-inclusion tag-banking tag-cib tag-e-commerce tag-enterpriseam tag-financial-inclusion tag-fintech tag-pandemic 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>Egypt is the world\u2019s second most banknote-reliant country \u2014 and has the third<\/strong><strong> highest percentage of unbanked citizens.<\/strong> Only 45% of payments in Egypt are cashless transactions and the credit card penetration rate currently stands at a measly 3%, Merchant Machine said in <a href=\"https:\/\/merchantmachine.co.uk\/most-reliant-on-cash\/\">a report<\/a>. At least 67% of the Egyptian population remains unbanked, with only Morocco (71%) and Vietnam (69%) with a higher rate of unbanked adults, according to the report. We also have the third-lowest number of ATMs per capita (20 per 100k adults), coming in just above Kenya and Nigeria.<\/p>\n<p><strong>Led by the Central Bank of Egypt and with the active participation of the Tax Authority, <\/strong><strong>policymakers have for several years now been aggressively pushing to phase out cash and enhance financial inclusion.<\/strong> The drive has seen several key decisions to nudge the country towards a paperless future, including the National Payments Council\u2019s 2017 decision to ban government entities using paper cheques or cash payments to private sector businesses for <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/04\/govt-takes-huge-step-forward-on-mobile-payments-policy\/\">amounts above EGP 20k<\/a>. The Government Accounting Act <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/\">later stipulated<\/a> that all government transactions worth more than EGP 500 must be electronic. The pandemic has also helped push e-payment activities, with the number of mobile wallets in Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59863ee4-eef6-4b7f-9026-052fd6d8536b\">jumping<\/a> at least 17% between March and October of last year, and the central bank has offered a wide range of incentives to get more merchants onto point-of-sale machines while ordering fee holidays on digital banking transactions.<\/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\/banking\/\">banking<\/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\/e-commerce\/\">e-commerce<\/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\/pandemic\/\">pandemic<\/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=\"560940\" 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=\"560940\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/a-third-wave-is-neither-inevitable-nor-is-it-unlikely\/\">\r\n                            A third wave is neither inevitable \u2014 nor is it unlikely                        <\/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\/18\/a-third-wave-is-neither-inevitable-nor-is-it-unlikely\/\" 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\/18\/a-third-wave-is-neither-inevitable-nor-is-it-unlikely\/')\">\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\/18\/a-third-wave-is-neither-inevitable-nor-is-it-unlikely\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=A third wave is neither inevitable \u2014 nor is it unlikely&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/a-third-wave-is-neither-inevitable-nor-is-it-unlikely\/\">\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\/18\/a-third-wave-is-neither-inevitable-nor-is-it-unlikely\/&title=A third wave is neither inevitable \u2014 nor is it unlikely\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=A+third+wave+is+neither+inevitable+%E2%80%94+nor+is+it+unlikely+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Fa-third-wave-is-neither-inevitable-nor-is-it-unlikely%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\/18\/a-third-wave-is-neither-inevitable-nor-is-it-unlikely\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560940\" class=\"content-area-description single-story post-560940 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-eu tag-india tag-pfizer tag-uk tag-ursula-von-der-leyen tag-us tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The third wave of covid-19 infections hasn\u2019t yet hit Egypt \u2014 and it\u2019s neither inevitable nor unlikely<\/strong>, presidential health advisor Mohamed Awad Tag Eldin told Yahduth fi Misr\u2019s Sherif Amer (<a href=\"https:\/\/www.youtube.com\/watch?v=1Kd6iAm3YqY\">watch, runtime: 2:10<\/a>). The Health Ministry is also keeping a close eye on the outcome of countries\u2019 reports on their review of the AstraZeneca vaccine, after the jab was temporarily suspended in a handful of places over blood clotting incidents, Tag Eldin said (<a href=\"https:\/\/www.youtube.com\/watch?v=7kAGbOqLiZQ\">watch, runtime: 3:13<\/a>).<\/p>\n<p><strong>Egypt is set to receive the first 5 mn does batch of an 8.6 mn dose order of the AstraZeneca<\/strong><strong> vaccine by the end of the month<\/strong>, Noha Assem, advisor to the health minister reminder Al Hayah Al Youm\u2019s Mohamed Sherdy (<a href=\"https:\/\/www.youtube.com\/watch?v=J4J0-Nxf_UQ\">watch, runtime: 7:03<\/a>). Officials have in recent days put the size of the AstraZeneca order variously at 5 mn and 6 mn doses \u2014 enough for 2.5-3 mn people. <strong>The news comes as the ministry\u2019s <\/strong><strong><a href=\"https:\/\/egcovac.mohp.gov.eg\/#\/home\">vaccination portal<\/a><\/strong><strong> now allows registration of everyone in Egypt over the age of 18<\/strong>, including citizens, foreign residents and refugees.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/3lq6bwy\">reported<\/a><\/strong><strong> 645 new covid-19 infections yesterday<\/strong>, up from 640 the day before. The ministry also reported 47 new deaths, bringing the country\u2019s total death toll to 11,431. Egypt has now disclosed a total of 192,840 confirmed cases of covid-19.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>It\u2019s official: The EU is looking to introduce its \u201cdigital green certificate\u201d \u2014 a covid<\/strong><strong> passport of sorts<\/strong> that would act as documented proof of \u201cvaccination, a negative test result, or a documented recovery from the virus,\u201d the <a href=\"https:\/\/www.nytimes.com\/2021\/03\/17\/world\/europe\/covid-19-travel-certificate.html\">New York Times<\/a> reports. While the certificate is not meant to be a \u201cprecondition\u201d for European residents to travel across the bloc, each government will be allowed to set its own set of guidelines for what restrictions would be waived for certificate holders.<\/p>\n<p><strong>Not an EU resident? Don\u2019t make summer vacation plans too quickly:<\/strong> The proposed certificate would not change the rules for travelers from outside the EU. The bloc could, however, grant certificates to travelers coming from the few countries exempted from its ban on nonessential travel.<\/p>\n<p><strong>Taking notes from its ex, the UK is considering introducing its own vaccine certificates <\/strong>that would allow people to travel and access non-essential services, business minister Kwasi Kwarteng said yesterday, according to <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-britain-vaccine-pa\/uk-mulling-vaccine-passport-options-for-at-home-and-abroad-minister-says-idUSKBN2B90WP\">Reuters<\/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\/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\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ursula-von-der-leyen\/\">Ursula von der Leyen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560941\" 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=\"560941\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/560941\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560941\" class=\"content-area-description single-story post-560941 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=\"560942\" 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=\"560942\">\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\">Kudos<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/kudos-on-18-march-2021\/\">\r\n                            Kudos on 18 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\/18\/kudos-on-18-march-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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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\/18\/kudos-on-18-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560942\" class=\"content-area-description single-story post-560942 post type-post status-publish format-standard hentry category-kudos tag-cib tag-enterpriseam tag-kenya tag-kudos tag-national-bank-of-egypt tag-uganda wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Finance:<\/strong> Nineteen Kenyan and Ugandan analysts have graduated from <strong>CIB<\/strong>\u2019s flagship 10-month credit analysis training program, the bank said in <a href=\"https:\/\/ent.news\/2021\/3\/CIB-Graduates-Candidates-from-Kenya-and-Uganda-in-Credit-Analyst-Training-Program-.pdf\">a statement<\/a><a href=\"https:\/\/ent.news\/2021\/3\/CIB-Graduates-Candidates-from-Kenya-and-Uganda-in-Credit-Analyst-Training-Program-.pdf\"><\/a><a href=\"https:\/\/ent.news\/2021\/3\/CIB-Graduates-Candidates-from-Kenya-and-Uganda-in-Credit-Analyst-Training-Program-.pdf\">(pdf)<\/a> yesterday. Twenty-four candidates were selected for the program, more than 50% of which were women. Participants were enrolled in the 500-hour course as part of the bank\u2019s strategy to expand into Africa. CIB opened a <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/21\/cib-opens-a-commercial-representative-office-in-addis-ababa\/\">representative office<\/a> in Ethiopia in 2019, and acquired a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/812fb7dd-b3b8-4b41-9e16-3bf22e5eb544\">51% stake in Kenyan bank<\/a> Mayfair a year later.<\/p>\n<p><strong>Sport:<\/strong> The Egyptian <strong>national rowing team<\/strong> bagged 17 medals at the 2021 World Rowing Virtual Indoor Championships, team sponsor the National Bank of Egypt said in a <a href=\"https:\/\/ent.news\/2021\/3\/NBE-rowing.pdf\">statement<\/a><a href=\"https:\/\/ent.news\/2021\/3\/NBE-rowing.pdf\">(pdf)<\/a> yesterday.<\/p>\n<p><strong>Arts:<\/strong> Sensory friendly screenings of the Tom and Jerry Movie \u2014 <strong>designed specifically<\/strong><strong> for children with autism<\/strong> \u2014 <a href=\"https:\/\/l.facebook.com\/l.php?u=https%3A%2F%2Fbit.ly%2F2PuBSZH%3Ffbclid%3DIwAR0MJzNyeFiqS1tIPkyAb_d6z3JBcgD8oMODU77U2c8mEBaN6XClPqhUS-8&h=AT2bffG8S1RJYIb8D8FTvPxk6teOP3zsXMwquuDgSmQBJ5B2JO_PgKHAns8AYdIhyWbqyBU0n8KsfNyM5Qz802b44ikqlUIZ65tooPH7KALmt00L-hfRiRPj0KnGydtViw&__tn__=-UK-R&c[0]=AT22NcQ1bnMnOeDj8Kjo3RJAjG8w6GDu5W4gMpzKrNKorDvwgeHzXCWy8EHCPDckBEhZOTknRZYZ-M75elAjpWnzy48_rM1KM_GkbuWUfi5o077hor-RO9EdjsSkAVlbguKkK6l8fwNvH6MM52Pu0imilfB8Qpn4E2zpAXtgXOT0TFTJXyL8CDvV\">will be held<\/a> at Mall of Egypt and City Centre Almaza\u2019s Vox Cinemas everyday.<\/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\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kenya\/\">Kenya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uganda\/\">Uganda<\/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=\"560943\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n           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data-block-id=\"hsqmhlo\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-hsqmhlo-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-hsqmhlo-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 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/last-nights-talk-shows-on-18-march-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 18 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\/18\/last-nights-talk-shows-on-18-march-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows+on+18+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Flast-nights-talk-shows-on-18-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\/18\/last-nights-talk-shows-on-18-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560944\" class=\"content-area-description single-story post-560944 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterpriseam tag-hala-el-said tag-last-nights-talk-shows tag-population-growth tag-yasmine-fouad wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The government\u2019s family planning strategy and women\u2019s role in the economy were in the<\/strong><strong> limelight<\/strong> on last night\u2019s talk shows, as the women in cabinet blanketed the airwaves to recap and explain the key tenets of the strategy. Planning Minister Hala El Said had a chat with Yahduth fi Misr\u2019s Sherif Amer (<a href=\"https:\/\/www.youtube.com\/watch?v=fxPCj0bUw0M\">watch, runtime: 3:11<\/a>) and Al Hayah Al Youm\u2019s Mohamed Sherdy (<a href=\"https:\/\/www.youtube.com\/watch?v=Pt2kc4WjZfc\">watch, runtime: 3:15<\/a>), while Environment Minister Yasmine Fouad also spoke with Sherdy about the sustainability and environmental component of the plan (<a href=\"https:\/\/www.youtube.com\/watch?v=qoY3qji5Ttc\">watch, runtime: 7:00<\/a>).<\/p>\n<p><strong>Also getting attention: The government\u2019s natgas vehicle switch program<\/strong>, the procedures for which spokesperson of the Finance Ministry\u2019s Automobile Financing Fund Tarek Awad broke down for Amer (<a href=\"https:\/\/www.youtube.com\/watch?v=25RvZXVN5rU\">watch, runtime: 3:54<\/a>). Sherdy, meanwhile, had a more extensive chat about the strategy and the logic behind it with the initiative\u2019s spokesperson, Ahmed Abdel Razek, and industry leader Alaa El Saba (<a href=\"https:\/\/www.youtube.com\/watch?v=fk61J4gjF9c\">watch, runtime: 24:58<\/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\/hala-el-said\/\">Hala El Said<\/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\/population-growth\/\">population growth<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/yasmine-fouad\/\">Yasmine Fouad<\/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=\"560945\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560946\" 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=\"560946\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/egypt-in-the-news-on-18-march-2021\/\">\r\n                            Egypt in the News on 18 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\/18\/egypt-in-the-news-on-18-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\/18\/egypt-in-the-news-on-18-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\/18\/egypt-in-the-news-on-18-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 18 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/egypt-in-the-news-on-18-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\/18\/egypt-in-the-news-on-18-march-2021\/&title=Egypt in the News on 18 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+18+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Fegypt-in-the-news-on-18-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\/18\/egypt-in-the-news-on-18-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560946\" class=\"content-area-description single-story post-560946 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-ethiopia tag-gerd tag-human-rights tag-new-administrative-capital tag-politics tag-somalia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Leading coverage of Egypt in the foreign press this morning is activist Sanaa Seif<\/strong><strong> receiving an 18-month prison sentence<\/strong> for \u201cspreading false information\u201d and defaming a public official. <a href=\"https:\/\/www.amnesty.org\/en\/latest\/news\/2021\/03\/egypt-sanaa-seifs-conviction-on-bogus-charges-a-cruel-blow-for-freedom-of-expression\/\">Amnesty International<\/a> criticized the ruling and the story is getting digital ink in <a href=\"https:\/\/apnews.com\/article\/health-cairo-coronavirus-pandemic-arrests-egypt-569ae5471351b28d832be101e5c9a720\">the Associated Press<\/a>, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-court\/egypt-jails-activist-who-called-to-free-prisoners-amid-pandemic-idUSKBN2B92LV?il=0\">Reuters<\/a>, and <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-56436132\">BBC<\/a>.<\/p>\n<p><strong>Coming in at a close second is pickups of <\/strong><strong><a href=\"https:\/\/www.reuters.com\/article\/idUSL8N2LF26T\">Reuters<\/a><\/strong><strong>\u2019 look at the new administrative<\/strong><strong> capital\u2019s high-tech ambitions<\/strong> ahead of its planned inauguration this summer. The city is 60% complete, according to New Administrative Capital Company for Urban Development spokesperson Khaled El Husseiny.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/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\/new-administrative-capital\/\">new administrative capital<\/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\/somalia\/\">Somalia<\/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=\"560947\" 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=\"560947\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/also-on-the-radar-on-18-march-2021\/\">\r\n                            Also on the Radar on 18 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\/18\/also-on-the-radar-on-18-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\/18\/also-on-the-radar-on-18-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\/18\/also-on-the-radar-on-18-march-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Also on the Radar on 18 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/also-on-the-radar-on-18-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\/18\/also-on-the-radar-on-18-march-2021\/&title=Also on the Radar on 18 March 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Also+on+the+Radar+on+18+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Falso-on-the-radar-on-18-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\/18\/also-on-the-radar-on-18-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560947\" class=\"content-area-description single-story post-560947 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-assem-el-gazzar tag-automotive tag-egyptair tag-energy tag-enterpriseam tag-kazakhstan tag-natgas-transition-scheme tag-sudan tag-tourism tag-transport tag-travel tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt will spend EGP 320 mn to establish a water treatment plant<\/strong> in Fayoum\u2019s New Azab, Housing Minister Assem El Gazzar said in <a href=\"https:\/\/bit.ly\/3twiBWO\">a statement<\/a> yesterday without specifying a date. The project will process 60k cubic meters of water per day, he added. The plant is part of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/00ff7a06-e500-44d7-9baa-108a76ca000f\">a larger project<\/a> to upgrade the city\u2019s wastewater infrastructure that will see the construction of four new treatment plants, as well as seven being expanded and 10 repaired.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/tinyurl.com\/w6dc9bk\">Almost 59k people have applied<\/a> to<strong> swap their cars for new natgas <\/strong><strong>models <\/strong>through <a href=\"https:\/\/www.gogreenmasr.com\/\">the Finance Ministry\u2019s website<\/a> since the first phase of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8dcdd2a0-322c-4f58-9694-7534a490badb\">the government\u2019s plan<\/a> to convert or replace 1.8 mn cars went live earlier this year.<\/li>\n<li>The <strong>first flight from Kazakhstan<\/strong> since the pandemic-induced hiatus last year has <a href=\"https:\/\/bit.ly\/3lB3SXT\">landed at Hurghada International Airport<\/a> with 105 tourists aboard.<\/li>\n<li><strong>EgyptAir<\/strong> will operate three weekly flights between <strong>Cairo and D\u00fcsseldorf<\/strong> starting from <a href=\"https:\/\/bit.ly\/3rYpakj\">2 July<\/a>, offering up to 20% off for those booking in advance during April.<\/li>\n<li><strong>Trucks <\/strong>traveling from Egypt <strong>with excess weight <\/strong>offenses will be <a href=\"http:\/\/bit.ly\/3bWnZwr\">denied entry<\/a> into Sudan as of today.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/assem-el-gazzar\/\">Assem El Gazzar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptair\/\">EgyptAir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kazakhstan\/\">Kazakhstan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/natgas-transition-scheme\/\">natgas transition scheme<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"560948\" 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=\"560948\">\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\/18\/what-the-markets-are-doing-on-18-march-2021\/\">\r\n                            What the markets are doing on 18 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\/18\/what-the-markets-are-doing-on-18-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\/18\/what-the-markets-are-doing-on-18-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\/18\/what-the-markets-are-doing-on-18-march-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What the markets are doing on 18 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/what-the-markets-are-doing-on-18-march-2021\/\">\n                    X                    <!-- <img decoding=\"async\" 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alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/what-the-markets-are-doing-on-18-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560948\" class=\"content-area-description single-story post-560948 post type-post status-publish format-standard hentry category-planet-finance tag-commodities tag-emerging-markets tag-energy tag-enterpriseam tag-financial-markets tag-fs-investments tag-g7 tag-galaxy-digital tag-imf tag-international-energy-agency tag-morgan-stanley tag-planet-finance tag-spacs tag-wall-street wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>SUPERCYCLE WATCH-<\/strong> <strong>Oil prices are unlikely to surge dramatically this year <\/strong><strong>despite vaccines boosting demand<\/strong>, with plenty of global supplies to prevent any potential new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2fb13174-3377-49ef-8300-480e0abee206\">supercycle<\/a> and OPEC+ at the ready to quickly deploy backup supply, the International Energy Agency (IEA) said in <a href=\"https:\/\/www.iea.org\/reports\/oil-2021\">a report<\/a>. Brent staged a rally since the oil market crash at the onset of the pandemic, reaching close to USD 70 a barrel last week for the first time in over a year, thanks to major producers surprising traders by deciding to keep a lid on supply. Still, a shortfall isn\u2019t a likely scenario as inventories are at historically high levels, and have held up well despite the \u201csteady decline,\u201d the IEA said. OPEC+, the 23-nation coalition of oil producers led by Saudi Arabia and Russia, also have 9.3 mn barrels-per-day of spare capacity at hand as a result of the pandemic-induced cuts, and could use it to keep the market supplied, it added.<\/p><p><strong>Oil erased its gains yesterday following the IEA report,<\/strong> with New York futures dropping 0.3% earlier today after having gained 0.8%, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-16\/oil-halts-slide-with-report-pointing-to-falling-u-s-stockpiles?sref=mmeFTDW1\">Bloomberg<\/a> reported.<\/p><p><strong>Mixed messages on a fresh boost of IMF funding for emerging economies:<\/strong> G7 countries have not yet agreed to proposals to boost the IMF\u2019s firepower to provide more pandemic relief to the developing world, <a href=\"https:\/\/www.reuters.com\/article\/us-imf-g7-sdr\/g7-agrees-to-boost-imf-reserves-by-650-billion-to-fund-pandemic-relief-kyodo-idUSKBN2B91GA?il=0\">Reuters<\/a> quoted unnamed sources as saying, a few hours after Japan\u2019s Kyodo news agency reported that they had agreed to increase its reserves of Special Drawing Rights (SDRs) by USD 650 bn. This would be higher than the USD 500 bn <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f015b9d6-2861-4d65-bdd3-e8dcea2d822d\">proposed by the IMF<\/a>. The seven countries are expected to sign off on the agreement Friday.<\/p><p><strong>What are SDRs, and why do they matter for EMs post-pandemic? <\/strong>We had more on this in our PM edition <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/327fe217-a93f-4930-b865-40d5e6b61147\">earlier this week<\/a>.<\/p><p><strong>Putting the 2021 SPAC craze into perspective: <\/strong>The value of IPOs by special purpose acquisition companies in the first three months of 2021 has exceeded the USD 83.4 bn raised by SPACs in all of 2020, as well as the USD 29.5 bn generated by traditional IPOs, <a href=\"https:\/\/www.reuters.com\/article\/us-spac-usa-ipo\/u-s-spacs-overtake-2020-haul-in-less-than-three-months-idUSKBN2B919O\">Reuters<\/a> reports. Blank check companies are becoming an increasingly popular alternative to normal IPOs due to more lax regulations, and everyone from the US\u2019 Build Acquisition Corp \u2014 whose USD 200 mn IPO pushed 2021 SPACs above their 2020 levels \u2014 to our very own <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d23e89e-65af-4f83-adfd-e858834cbb6b\">Nassef Sawiris<\/a> seems to be riding this investment trend.<\/p><p><strong>But what\u2019s a SPAC, you ask?<\/strong> We\u2019ve got you covered with this <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6ab3251-641a-4e2c-aa00-6b8486d10c68\">explainer<\/a>.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-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>11,068<\/p>\n<\/td>\n<td>\n<p>-1.1% (YTD: +2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.66<\/p>\n<\/td>\n<td>\n<p>Sell 15.76<\/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>9,602<\/p>\n<\/td>\n<td>\n<p>-0.6% (YTD: +10.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,746<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +13.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,601<\/p>\n<\/td>\n<td>\n<p>-0.8% (YTD: +4.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,974<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +5.8%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,763<\/p>\n<\/td>\n<td>\n<p>-0.6% (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 64.27<\/p>\n<\/td>\n<td>\n<p>-0.51%<\/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 2.51<\/p>\n<\/td>\n<td>\n<p>-0.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,750.30<\/p>\n<\/td>\n<td>\n<p>+1.3%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 59,127.69<\/p>\n<\/td>\n<td>\n<p>+5.5%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 fell 1.1% yesterday<\/strong> on turnover of EGP 997 mn (32.6% below the 90-day average). Local investors were net sellers. The index is up 2.1% YTD.<\/p><p><strong>In the green: <\/strong>Orascom Investment (+2.7%), Palm Hills Development (+1.9%) and Sidi Kerir (+1.6%).<\/p><p><strong>In the red: <\/strong>CI Capital (-9.6%), Cleopatra (-3.0%) and Fawry (-3.0%).<\/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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fs-investments\/\">FS Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/g7\/\">G7<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/galaxy-digital\/\">Galaxy Digital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-energy-agency\/\">International Energy Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/morgan-stanley\/\">Morgan Stanley<\/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\/spacs\/\">SPACs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wall-street\/\">Wall Street<\/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=\"560949\" 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=\"560949\">\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\/18\/around-the-world\/\">\r\n                            Around the World                        <\/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\/18\/around-the-world\/\" 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\/18\/around-the-world\/')\">\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\/18\/around-the-world\/\">\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=Around the World&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/around-the-world\/\">\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\/18\/around-the-world\/&title=Around the World\">\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=Around+the+World+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F18%2Faround-the-world%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\/18\/around-the-world\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560949\" class=\"content-area-description single-story post-560949 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-china tag-enterpriseam tag-ethiopia tag-gerd tag-hong-kong tag-lebanon tag-politics tag-saad-hariri tag-sudan tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Ethiopia has no plans to delay the second filling of the Grand Ethiopian <\/strong><strong>Renaissance Dam<\/strong>, which will go ahead as planned during the rainy season in July, Ethiopia\u2019s Water Minister Seleshi Bekele told the <a href=\"https:\/\/bit.ly\/2ON8Rsd\">press<\/a> yesterday on the 10-year anniversary of the dam\u2019s construction. Ethiopia <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/50270f25-e110-488e-8eff-53cbb7b25166\">began filling the reservoir<\/a> last year without an agreement with Egypt and Sudan on a timetable for filling and operating the dam. Negotiations on the dam have continued to stall after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c45e862-17f2-4973-ae80-448c7c1d3b84\">Ethiopia rejected Sudan and Egypt\u2019s proposal<\/a> for mediation through an international quartet, with Ethiopian Foreign Minister Demke Mekonnen <a href=\"https:\/\/tinyurl.com\/ywtucks2\">this week saying<\/a> that an agreement can be reached through tripartite negotiations. Egypt and Sudan are reportedly aiming for a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3383db28-9ace-4d3a-af8a-f3a9bc33df2a\">15 April deadline<\/a> to reach a binding agreement.<\/p>\n<p><strong>Egypt is taking its water problems to the UN with a statement \u2014 <\/strong><strong>signed by 155 countries \u2014 on the recommendations to address these challenges<\/strong> ahead of the General Assembly meeting today on the water-related goals and targets of the 2030 agenda, Egypt\u2019s permanent representative to the UN Mohamed Idris said in <a href=\"http:\/\/bit.ly\/3tCozW9\">a statement<\/a>. The statement stresses on the necessity of mediation efforts and effective water negotiations to avoid conflicts and achieve water security and regional stability.<\/p>\n<p><strong>WHO\u2019S TALKING-<\/strong> On the foreign diplomacy front, President <strong>Abdel Fattah El Sisi<\/strong> and Greek Prime Minister <strong>Kyriakos Mitsotakis<\/strong> <a href=\"http:\/\/bit.ly\/3lpqHgM\">discussed EastMed developments<\/a>, while Foreign Minister <strong>Sameh Shouky<\/strong> and his Swedish counterpart <strong>Ann Linde<\/strong> talked <a href=\"https:\/\/bit.ly\/3vD9mWj\">strengthening cooperation<\/a> between the two countries. On the development front, Prime Minister <strong>Moustafa Madbouly<\/strong> and UN Resident Coordinator for Egypt <strong>Elena Panova<\/strong> <a href=\"http:\/\/bit.ly\/3tzQUMq\">looked at<\/a> the EGP 500 bn Decent Life initiative.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hong-kong\/\">Hong Kong<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lebanon\/\">Lebanon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saad-hariri\/\">Saad Hariri<\/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\/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=\"560950\" 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=\"560950\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">MY MORNING \/ WFH ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/my-wfh-routine-karim-wissa-managing-director-of-the-french-chamber-of-commerce-and-industry-in-egypt\/\">\r\n                            My WFH Routine: Karim Wissa, managing director of the French Chamber of Commerce and Industry in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/my-wfh-routine-karim-wissa-managing-director-of-the-french-chamber-of-commerce-and-industry-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is Karim Wissa (<a href=\"https:\/\/eg.linkedin.com\/in\/karim-wissa-40221222\">LinkedIn<\/a>), managing director of the French Chamber of Commerce and Industry in Egypt.<\/p>\n<p><strong>My name is Karim Wissa and I\u2019ve been an Egyptian diplomat for 30 years. <\/strong>Currently, I\u2019m the managing director of the French Chamber of Commerce and Industry in Egypt, which is a new role I took on starting January 2021. I also teach on the MBA program at the French ESLSCA Business School. Previously, I introduced the French law firm Gide Loyrette Nouel to Egypt in 2018, and the year after I joined their team as a senior consultant. By March 2020, when the pandemic broke out, I left Gide and stayed home for a solid six months.<\/p>\n<p><strong>The French Chamber of Commerce is mainly concerned with promoting French and Egyptian business ties.<\/strong> The chamber has been functioning in Egypt since 1992, bringing together members of the French business community, French companies with a presence in Egypt and Egyptian companies looking for business in France. Locally, we organize partnerships through a series of roundtables where we invite Egyptian officials, CEOs and notable personalities in the business community to talk about recent legislation or room to do new business in the country. We\u2019ve had people like the chairman of the Suez Canal Authority and the chairman of the Sovereign Fund of Egypt talk to French investors about projects in Egypt. In the near future we\u2019re planning to publish a public advocacy document that we hope to present to the Egyptian government with French companies\u2019 recommendations on how to improve doing business in Egypt.<\/p>\n<p><strong>My day usually starts at 6 am, with my morning coffee and Enterprise<\/strong>, which has been crucial to my work \u2014 particularly the coverage of upcoming IPOs and bond issuances which helped me scout out opportunities where Gide could offer legal consultancy.<\/p>\n<p><strong>After the morning news it's usually Zoom calls and meetings with our partners in France<\/strong> like the Federation of French Industries, the International Chambers of Commerce or the Arab-French Chambers of Commerce with whom we work closely. I go to lunch at around 1 pm with potential business partners and new companies we\u2019re looking to have join the chamber. We sustain our work through membership and sponsorships.<\/p>\n<p><strong>Between lunch and early evenings I\u2019m always meeting people<\/strong> to explore partnerships and bring on board new members to the chamber. I usually go out for dinner, both socially and for business, every night and go to sleep at around 10 pm.<\/p>\n<p><strong>On the weekends I teach an MBA course on cultural differences in doing business at ESLSCA<\/strong> on the Cairo-Alexandria road. It's been a very enriching experience for me because you get first-hand accounts of how relationships work between young Egyptian students \/ workers and foreign employers. But when classes went online, it was a nightmare for me. Teaching an interactive class through Zoom was not easy and I can\u2019t say I really liked the experience.<\/p>\n<p><strong>This WFH period has been challenging but full of potential<\/strong>. Although I\u2019m not technologically savvy it has been a very exciting time because of the magnitude of opportunities the digital age is offering us today. We organized a virtual conference in January about the Universal Health Ins. Act that was designed in a way where you could see a conference hall on your screen with separate doors that would lead to different discussions and lectures. The sky's the limit with new technologies.<\/p>\n<p><strong>We\u2019ve started bringing together smaller groups of people at in-person roundtables. <\/strong>We\u2019ve so far organized two roundtables at the French embassy this year with the chairman of the Egyptian Competition Authority and the chairman of Misr Ins. Holding. The meetings were capped at 20 people and we were distanced about a meter apart. Once international travel returns to normal, we will also continue to organize missions to France where Egyptian businesses can get the chance to meet with potential partners and participate in fairs.<\/p>\n<p><strong>During lockdown, I caught up on a lot of reading and fixed my diet<\/strong>. I'm proud to have finally read Marcel Proust\u2019s seven-volume series <a href=\"https:\/\/www.goodreads.com\/book\/show\/18796.In_Search_of_Lost_Time\">In Search of Lost Time<\/a>, which I\u2019ve been meaning to get around to for nearly 20 years and it has been pure bliss. It's an amazing work written in the early twentieth century and remains relevant today.<\/p>\n<p><strong>I\u2019m ashamed to admit it but I\u2019m also a big fan of television<\/strong>. I recently finished watching <a href=\"https:\/\/www.imdb.com\/title\/tt6821044\/\">The Loudest Voice<\/a>, which is a fantastic series about one of the founders of Fox News, Roger Ailes, that really gives you a sense of what was going on with the Trump presidency and how he got there. I also listen to <a href=\"https:\/\/www.franceculture.fr\/theme\/radio\">France Culture Radio<\/a> which usually has good analysis of current cultural events or philosophical debates.<\/p>\n<p><strong>A favorite quote?<\/strong> Mine is from John Steinbeck, whose <a href=\"https:\/\/www.goodreads.com\/book\/show\/18114322-the-grapes-of-wrath\">Grapes of Wrath<\/a> was one of the first works of literature I read in English: \u201cIf it is right, it happens. The main thing is not to hurry. Nothing good gets away.\u201d This quote makes you realize that life is full of coincidences and opportunities. Every one of us has regrets, but the world out there is large, and there are other opportunities waiting for you.<\/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\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"560952\" 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\/18\/your-essential-business-calendar-on-18-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560952\" class=\"content-area-description single-story post-560952 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>11-20 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>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>7 April (Wednesday): British-Egyptian Business Association (BEBA) webinar on digital banking and fintech.<\/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":560926,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-560925","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5c931b5a-079e-449d-836e-f27c8e634af8","teaser":"","photo_url":"https:\/\/ent.news\/2021\/3\/235.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>Misr Capital won\u2019t merge with CI Capital (for now) - 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\/misr-capital-wont-merge-with-ci-capital-for-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Misr Capital won\u2019t merge with CI Capital (for now)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/misr-capital-wont-merge-with-ci-capital-for-now\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T03:06:05+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\/235.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\/misr-capital-wont-merge-with-ci-capital-for-now\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/misr-capital-wont-merge-with-ci-capital-for-now\/\",\"name\":\"Misr Capital won\u2019t merge with CI Capital (for now) - 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