{"id":561211,"date":"2021-03-30T04:21:11","date_gmt":"2021-03-30T04:21:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=561211"},"modified":"2025-12-16T03:13:05","modified_gmt":"2025-12-16T03:13:05","slug":"the-boat-has-floated-and-we-have-three-listings-in-the-market-not-a-bad-week-huh","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/the-boat-has-floated-and-we-have-three-listings-in-the-market-not-a-bad-week-huh\/","title":{"rendered":"The boat has floated and we have three listings in the market. Not a bad week, huh?"},"content":{"rendered":"<section id=\"561213\" 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=\"561213\">\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\/30\/what-were-tracking-on-30-march-2021\/\">\r\n                            What we\u2019re tracking on 30 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\/30\/what-were-tracking-on-30-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\/30\/what-were-tracking-on-30-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\/30\/what-were-tracking-on-30-march-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on 30 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/what-were-tracking-on-30-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\/30\/what-were-tracking-on-30-march-2021\/&title=What we\u2019re tracking on 30 March 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+30+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Fwhat-were-tracking-on-30-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\/30\/what-were-tracking-on-30-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561213\" class=\"content-area-description single-story post-561213 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-ever-given tag-suez-canal tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, wonderful people. It\u2019s hump day, we know, but it\u2019s shaping up to be the <\/strong><strong>best week in forever.<\/strong> Consider:<\/p><ul>\n<li><strong>The Suez Canal is open again<\/strong> now that the Ever Whatever is floated and chilling in the Great Bitter Lake.<\/li>\n<li><strong>CI Capital has priced Taaleem\u2019s IPO <\/strong>on the Egyptian Exchange at the midpoint of its range amid strong appetite from global and institutional investors.<\/li>\n<li><strong>Macro Pharma Group has announced pricing for its IPO on the EGX<\/strong>, as we <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d689e02-cc68-4383-b4be-59a75b1e7580\">noted<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d689e02-cc68-4383-b4be-59a75b1e7580\">yesterday<\/a>, giving investors an entry point to a brand new segment (cosmeceuticals and neutraceuticals) that\u2019s growing gangbusters.<\/li>\n<li><strong>And IDH is kicking off a roadshow today <\/strong>in support of its local listing on the EGX in the first \u201ctechnical listing\u201d we\u2019ve seen in Egypt.<\/li>\n<\/ul><p>(Yes, we\u2019re touching wood as we say the above.)<\/p><p><strong>Conventional wisdom for some time now has been that investors are howling for new <\/strong><strong>paper on the EGX. <\/strong>Macro and Taaleem are very interesting companies in very exciting sectors and IDH is a name that will really stand out on the EGX when it comes home. We can\u2019t recall a more exciting week for capital markets.<\/p><p><strong>We have more on all of the above <\/strong>in this morning\u2019s news well, below.<\/p><p><strong>It\u2019s official: There are boats other than the Ever Given in the Suez Canal.<\/strong> Ship traffic through the critical trade gateway resumed in both directions as of yesterday night at 8pm \u2014 an hour after the Panama-flagged ship pulled up at the Great Bitter Lake to undergo a full inspection for seaworthiness, Port Said Shipping Chamber President Adel Lamei told Extra News (<a href=\"https:\/\/www.youtube.com\/watch?v=LKZMhZa6qo8\">watch, runtime: 5:34<\/a>). The Ever Given was finally dislodged from the canal after disrupting nearly some 10-15% of global trade for almost a week. <strong>Watch the Suez Canal Authority\u2019s livestream of the final steps<\/strong> (<a href=\"https:\/\/bit.ly\/3fl3ZFK\">runtime 3:36<\/a>).<\/p><p><strong>IT\u2019S A BIG DAY FOR: Information Minister Osama Heikal<\/strong>, whose policy statement to MPs is up for discussion at the House of Representatives today, House Culture and Media Committee Undersecretary Tamer Abdel Kader told Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=BCgM4fCgpCs\">watch, runtime: 4:14<\/a>). Discussion of the report was originally scheduled to take place last month but was postponed for six weeks to give the minister a chance to prepare a response. Heikal\u2019s policy statement was sharply criticized by MPs, who alleged the minister delivered insufficient results after spending state funds.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>The two-day <\/strong><strong><a href=\"https:\/\/arab-exchanges.org\/conference\/\">Arab Federation of Exchanges Annual Conference 2021<\/a><\/strong><strong> wraps today. <\/strong>This year\u2019s virtual conference will discuss ESGs for economic growth and capital markets as well as fintech and innovation.<\/p><p><strong>The <\/strong><strong><a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/spring#:~:text=The%202021%20Spring%20Meetings%20will,Sunday%2C%20April%2011%2C%202021.&amp;text=Spring%20Meetings%20participants%20typically%20include,550%20accredited%20civil%20society%20members.\">Spring Meetings<\/a><\/strong><strong> of the IMF and the World Bank Group are set to kick off next <\/strong><strong>Monday, 5 April and wrap the following Sunday, 11 April. <\/strong>This year\u2019s virtual meetings will bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations and academics. The topics up for discussion include the world economic outlook, poverty eradication, economic development, aid effectiveness, and the global financial system. Some events will be open to the public and can be streamed live from the <a href=\"https:\/\/live.worldbank.org\/\">World Bank\u2019s platform<\/a>.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Going Green day<\/strong> \u2014 your weekly briefing of all things green economy in Egypt: Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p><p><strong>In today\u2019s issue: <\/strong>In round 2 of our startup spotlight, we look at how agritech startup <a href=\"https:\/\/www.plugngrow.me\/\">Plug\u2019n\u2019Grow<\/a> and watertech startup <a href=\"http:\/\/wai-techs.com\/index.html\">Wai Technologies<\/a> are solving our drinking and irrigation water leakage issues.<\/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\/ever-given\/\">Ever Given<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"561214\" 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=\"561214\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/561214\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561214\" class=\"content-area-description single-story post-561214 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-Ready-set-adrenaline-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p>Organized to the highest of international endurance sports standards, you don\u2019t want to miss this year\u2019s event taking place at Somabay on 8-10 April.<\/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=\"561215\" 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=\"561215\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/taaleem-prices-ipo-amid-strong-institutional-investor-appetite\/\">\r\n                            Taaleem prices IPO amid strong institutional investor appetite                        <\/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\/30\/taaleem-prices-ipo-amid-strong-institutional-investor-appetite\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Taaleem prices IPO amid strong institutional investor appetite&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/taaleem-prices-ipo-amid-strong-institutional-investor-appetite\/\">\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\/30\/taaleem-prices-ipo-amid-strong-institutional-investor-appetite\/&title=Taaleem prices IPO amid strong institutional investor appetite\">\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=Taaleem+prices+IPO+amid+strong+institutional+investor+appetite+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Ftaaleem-prices-ipo-amid-strong-institutional-investor-appetite%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\/30\/taaleem-prices-ipo-amid-strong-institutional-investor-appetite\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/351.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561216\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/taaleem-prices-ipo-amid-strong-institutional-investor-appetite\/351-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/351.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"351.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/351.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/351.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561215\" class=\"content-area-description single-story post-561215 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-bdo tag-ci-capital tag-enterpriseam tag-ipo-watch tag-matouk-bassiouny-hennawy tag-pwc tag-taaleem tag-white-case wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>CI Capital has priced the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9e4ccc0-a0f4-45cd-af78-7d2fd4e13c2c\">IPO<\/a><\/strong><strong> of multi-brand higher education player <\/strong><strong>Taaleem <\/strong><strong>Manageme<\/strong><strong>nt Services at EGP 5.75 per share<\/strong>, roughly the midpoint of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/046b260a-79fb-4b25-8a96-63946b11af8e\">EGP 5.48-6.02 range<\/a> announced in the prospectus last week amid strong investor demand.<\/p>\n<p><strong>The offering to institutional shareholders was 2.34x oversubscribed<\/strong>, and pricing values the offering at EGP 4.2 bn, Taaleem <a href=\"https:\/\/ent.news\/2021\/3\/Taaleem-Final-Price-Announcement.pdf\">said in an announcement (pdf)<\/a>. Almost 340 mn shares are earmarked for institutional buyers, equivalent to a 46.55% stake in the company and roughly 95% of the 49% stake Taaleem is listing on the EGX.<\/p>\n<p><strong>Taaleem\u2019s base of institutional investors will be nicely diversified <\/strong>by geography: \u201cIn spite of the significant headwinds facing the market recently, the institutional tranche of Taaleem\u2019s offering generated very strong interest from quality investors from the GCC, Europe, South Africa and Egypt, among others,\u201d CI Capital Investment Bank CEO Hesham Gohar told us. Gohar is also chairman of Taaleem. \u201cDemand was predominantly driven by institutional investors, which represent the vast majority of the order book.<strong> I look forward to a successful retail offering and to the first day of trading on the EGX on 7 April<\/strong>.\u201d<\/p>\n<p><strong>Retail investors have until Thursday to bid for the 17.89 mn shares up for grabs in the public offering<\/strong>, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/046b260a-79fb-4b25-8a96-63946b11af8e\">kicked off on Sunday<\/a>. A 2.4% stake in the company is being made available to retail traders, representing 5% of the shares being listed on the exchange. Subscribers should pay 25% of the shares they wish to purchase upfront to a licensed brokerage company, the company said.<\/p>\n<p><strong>Who are the sellers? <\/strong>Taaleem hasn\u2019t identified who is offering how much in the secondary sale, in which the selling shareholder is an SPV named Sphinx Obelisk, but key players in building Taaleem included founder Seddik Afifi, Ahmed Badreldin\u2019s RMBV, and CI Capital.<\/p>\n<p><strong>TAALEEM IN NUMBERS:<\/strong><\/p>\n<ul>\n<li>Taaleem is a <strong>multi-brand player with Nahda University<\/strong> in Beni Suef (where it has two campuses) as its largest brand. Nahda\u2019s capacity of 11k students (6.3k enrolled now) makes it the largest private university in Upper Egypt.<\/li>\n<li>Launching <strong>Badya University in West Cairo<\/strong> with a potential capacity of 9.2k students.<\/li>\n<li><strong>Tight focus on what the job market wants<\/strong> in graduates from faculties, including computer science and engineering, business and marketing.<\/li>\n<li><strong>Heavy emphasis on health sciences<\/strong>, including medicine, pharma, dentistry and physiotherapy, including through a partnership with the internationally ranked Medical University of Vienna.<\/li>\n<li>Operating <strong>revenue CAGR of 28%<\/strong> between FY2017-2018 and FY2019-2020, with operating revenue of EGP 450 mn in FY2019-2020.<\/li>\n<li><strong>Adjusted EBITDA of EGP 240 mn<\/strong> in the same year, good for a CAGR of 37%.<\/li>\n<li><strong>Net profit of EGP 144 mn<\/strong> in FY2019-2020, up from the EGP 110 mn the previous year and EGP 62 mn in FY2017-2018.<\/li>\n<\/ul>\n<p><strong>Ticker: <\/strong>The company\u2019s shares will be on the EGX under the ticker TALM.<\/p>\n<p><strong>Advisors<\/strong>: CI Capital, also a shareholder in Taaleem, is running the sale and serving as the bookrunner. MHR & Partners in association with White & Case are the counsel for CI Capital, while Matouk Bassiouny & Hennawy are domestic counsel to Taaleem. PwC acts as an auditor for the transaction, and BDO is the independent financial advisor.<\/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\/bdo\/\">BDO<\/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\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/matouk-bassiouny-hennawy\/\">Matouk Bassiouny &amp; Hennawy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pwc\/\">PwC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taaleem\/\">Taaleem<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/white-case\/\">White &amp; Case<\/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=\"561217\" 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=\"561217\">\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\">MARKET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/idh-eyes-april-listing-on-the-egx\/\">\r\n                            IDH eyes April listing on the EGX                        <\/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\/30\/idh-eyes-april-listing-on-the-egx\/\" 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\/30\/idh-eyes-april-listing-on-the-egx\/')\">\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\/30\/idh-eyes-april-listing-on-the-egx\/\">\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=IDH eyes April listing on the EGX&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/idh-eyes-april-listing-on-the-egx\/\">\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\/30\/idh-eyes-april-listing-on-the-egx\/&title=IDH eyes April listing on the EGX\">\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=IDH+eyes+April+listing+on+the+EGX+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Fidh-eyes-april-listing-on-the-egx%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\/30\/idh-eyes-april-listing-on-the-egx\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/352.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561218\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/idh-eyes-april-listing-on-the-egx\/352-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/352.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"352.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/352.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/352.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561217\" class=\"content-area-description single-story post-561217 post type-post status-publish format-standard has-post-thumbnail hentry category-market-watch tag-egx tag-enterpriseam tag-hend-el-sherbini tag-integrated-diagnostics-holding tag-london-stock-exchange tag-market-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Consumer healthcare giant Integrated Diagnostics Holdings (IDH) aims to go ahead with <\/strong><strong>its listing on the EGX in April<\/strong>, a source with direct knowledge of the matter told Enterprise, noting that the timeline is subject to customary regulatory approvals. The London-listed company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a8de50b-e554-4600-8305-377e972f069b\">received approval<\/a> last week from the Financial Regulatory Authority to proceed with the transaction, which will see the company list 5% of its shares on the EGX in the bourse\u2019s first \u201ctechnical listing.\u201d<\/p>\n<p><strong>Hold up. What\u2019s a technical listing?<\/strong> That\u2019s when a company lists its shares on an exchange, but doesn\u2019t offer new or existing equity for sale. Instead, what IDH has done is convince enough shareholders in London to come over to the EGX and transfer their shares here. Others could follow suit in the future at their convenience \u2014 the shares on both exchanges are what the finance nerds call \u201cfungible.\u201d<\/p>\n<p><strong>IDH will kick off this afternoon its roadshow in support of the listing<\/strong>, CEO Dr. Hend El Sherbini tells us. The roadshow will see El Sherbini and top IDH execs meet potential institutional investors from across the region and beyond.<\/p>\n<p><strong>The roadshow will include meetings in Egypt with local institutions<\/strong>, El Sherbini says, a fact that underscores one of the challenges IDH is looking to address with the EGX listing: \u201cWe don\u2019t have Egyptian institutions in our shareholder registry,\u201d she explains. \u201cOur shareholders are very much concentrated right now in Europe and the United Kingdom. We would really like to see Egyptian as well as GCC- and MENA-based funds in the shareholder base, and we\u2019d love some US representation as well.\u201d<\/p>\n<p><strong>IDH listed in London back in 2015<\/strong> in a very well-received offering that was more than <a href=\"https:\/\/enterprise.press\/stories\/2015\/05\/11\/new-cairo-property-prices-up-10-15-since-january-hanafy-savaged-over-rising-food-prices-govt-looks-to-up-internet-penetration-rate-sinai-tribes-joining-war-on-terror-salman-hamad-skip-w\/\">11x<\/a><a href=\"https:\/\/enterprise.press\/stories\/2015\/05\/11\/new-cairo-property-prices-up-10-15-since-january-hanafy-savaged-over-rising-food-prices-govt-looks-to-up-internet-penetration-rate-sinai-tribes-joining-war-on-terror-salman-hamad-skip-w\/\"><\/a><a href=\"https:\/\/enterprise.press\/stories\/2015\/05\/11\/new-cairo-property-prices-up-10-15-since-january-hanafy-savaged-over-rising-food-prices-govt-looks-to-up-internet-penetration-rate-sinai-tribes-joining-war-on-terror-salman-hamad-skip-w\/\">oversubscribed<\/a>, but the firm is very tightly held: The investors who have bought in like the story and haven\u2019t been big sellers. That\u2019s made it hard for new investors to buy in, and it\u2019s one reason IDH is moving ahead the transaction.<\/p>\n<p><strong>At least 5% of current shareholders will transfer their shares from the LSE to the<\/strong> <strong>Egyptian Exchange <\/strong>to satisfy regulatory requirements here, El Sherbini says.<\/p>\n<p><strong>\u201cWe want to give institutions and individuals who want to invest in healthcare the chance<\/strong> <strong>to be part of IDH<\/strong>,\u201d El Sherbini explains. \u201cThe goal is to widen our base of investors at the same time as we give a boost to both the liquidity of the share and, ultimately, the share price. <strong>Egypt is our largest market<\/strong>. Our brands \u2014 Al Borg and Al Mokhtabar \u2014 are trusted, and the Al Mokhtabar brand has been in this market for more than 40 years. It just makes sense.\u201d<\/p>\n<p><strong>How will the local listing crack the liquidity problem? <\/strong>\u201cThe benefits to shareholders, including myself, is that we\u2019re giving much more visibility to the shares. Whether you\u2019re a foreign, regional or local investor \u2014 institutional or high net worth \u2014 investors in the EGX know the market. So we\u2019re automatically limiting the pool of potential investors to people who are looking for shares like ours. And when we list in Egypt, we\u2019ll be an important company just by virtue of our revenues, our profitability and our market cap. <strong>We\u2019re going to stand out when it comes to people who want to buy shares like ours. <\/strong>We\u2019re simply less visible in London.\u201d<\/p>\n<p><strong>So if shareholders with at least 5% have already agreed to transfer their holdings to the<\/strong> <strong>EGX, why the roadshow? It\u2019s all about education<\/strong>, El Sherbini says: \u201cWe need fund and portfolio managers to understand us, to ensure there\u2019s knowledge of our story among both potential buyers and sellers going forward.\u201d<\/p>\n<p><strong>What\u2019s El Sherbini\u2019s pitch to investors? <\/strong>\u201cWe\u2019re the biggest consumer healthcare player in our part of the world, offering medical diagnostics and radiology services through a portfolio of leading brands in Egypt, Jordan, Sudan and Nigeria. For the past decade, we\u2019ve been and remain the only lab in Egypt accredited by the College of American Pathologists. Our market is growing fast: As we said in our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7c8e476d-2c86-48ba-9753-e06910028d1d\">recent trading update<\/a>, we grew the top line by c. 19% last year to about EGP 2.6 bn and our EBITDA margin has consistently been around 40% for years and years. We\u2019re profitable and cash generative, so we have traditionally paid dividends on a yearly basis,\u201d El Sheribini said.<\/p>\n<p><strong>The company is also well-governed<\/strong>, she said, with a world-class board led by chairman Lord St John of Bletso and including industry veterans from Europe and beyond. \u201cThe quality of the board \u2014 which is majority independent non-execs \u2014 and the fact that we have and will continue to abide by the very strict governance rules of the London Stock Exchange should give investors a lot of comfort.\u201d<\/p>\n<p><strong>IDH IN NUMBERS:<\/strong><\/p>\n<ul>\n<li>The group offers <strong>2k medical tests and diagnostics at 480 branches<\/strong> across Egypt, Jodan, Sudan and Nigeria.<\/li>\n<li>It ran more than <strong>30 mn tests for 7 mn<\/strong> patients in 2019, the last year for which full financials have been released.<\/li>\n<li>The company\u2019s MegaLab in Egypt can run <strong>20k tests per hour<\/strong> on global-standard equipment.<\/li>\n<li>Consistent top-line growth delivered <strong>revenues<\/strong> of EGP 2.2 bn in 2019 with a 2015-2019 <strong>CAGR of 17%<\/strong>.<\/li>\n<li>It\u2019s a cash-generative business, with an <strong>EBITDA CAGR of 25%<\/strong> in the same period and an EBITDA margin consistently at c. 40%<\/li>\n<li>It has <strong>paid dividends even after the float of the EGP and during covid<\/strong>, a move appreciated last year in particular by fund managers struggling with redemptions.<\/li>\n<\/ul>\n<p><strong>ADVISORS:<\/strong> EFG Hermes and Renaissance Capital are quarterbacking the transaction, while White & Case, Clifford Chance and Ogier are counsel. Inktank is IDH\u2019s investor relations advisor.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hend-el-sherbini\/\">Hend El Sherbini<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/integrated-diagnostics-holding\/\">Integrated Diagnostics Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/london-stock-exchange\/\">London Stock Exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/market-watch\/\">Market Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561219\" 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=\"561219\">\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\">Suez Canal<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/so-long-farewell\/\">\r\n                            So long, farewell                        <\/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\/30\/so-long-farewell\/\" 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\/30\/so-long-farewell\/')\">\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\/30\/so-long-farewell\/\">\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=So long, farewell&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/so-long-farewell\/\">\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\/30\/so-long-farewell\/&title=So long, farewell\">\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=So+long%2C+farewell+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Fso-long-farewell%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\/30\/so-long-farewell\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/354.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561220\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/so-long-farewell\/354-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/354.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"354.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/354.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/354.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561219\" class=\"content-area-description single-story post-561219 post type-post status-publish format-standard has-post-thumbnail hentry category-suez-canal tag-credit-rating tag-economy tag-enterpriseam tag-ever-given tag-maritime tag-moodys tag-osama-rabie tag-suez-canal tag-suez-canal-authority 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>At least 113 container ships are traveling in both directions after the Suez Canal <\/strong><strong>reopened to<\/strong><strong> marine traffic yesterday evening<\/strong>, with more ships set to sail as of today 8am, Suez Canal Authority (SCA) boss Osama Rabie said at a presser yesterday (<a href=\"https:\/\/www.facebook.com\/SuezCanalAuthorityEG\/videos\/963539314384195\">watch, runtime: 32:00<\/a>). Traffic in the Canal resumed yesterday after the MV Ever Given was dislodged following six days of dredging work to create maneuvering space, along with push and tow maneuvers from several tug boats. The ship apparently did not swing back across the Canal yesterday \u2014 engineers simply put the operation on hold temporarily because of strong winds that could have caused damage to the ship, Ezzat Adel, captain of one of the tug boats that refloated the ship told Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=5sHXodmn4lg\">watch, runtime: 4:23<\/a>).<\/p>\n<p><strong>It\u2019s going to take three or four days to clear the backlog of 422 ships<\/strong> that were stalled at the Canal as they waited for the Ever Given mega-vessel to be dislodged from the Canal\u2019s banks, Rabie said. More than four dozen ships decided to change course to take the long way around the Cape of Good Hope.<\/p>\n<p><strong>Investigations are now underway to determine the cause of the grounding<\/strong>, after which the Ever Given will finally leave Egypt. Initial reports show that the MV Ever Given, chartered by Taiwan\u2019s Evergreen, became wedged sideways across the Canal after strong winds and a dust storm caused the crew to lose control of the ship as it was en route from China to Rotterdam on Tuesday morning. The investigation will also look at potential human error and will probe the ship\u2019s captain and two pilots who were on board the vessel \u2014 who are meant to act as \u201cconsultants \u2026 to give advice, for instance on how to maneuver the vessel or what course to steer,\u201d the <a href=\"https:\/\/www.washingtonpost.com\/world\/2021\/03\/29\/suez-canal-pilots\/\">Washington Post<\/a> says. The Suez Canal pilots, who are required to be on board any vessel that passes through, are ultimately not liable for damages to the ship they are assigned to under Egyptian law, the newspaper notes.<\/p>\n<p><strong>Once the investigation wraps, the SCA will evaluate the necessary compensations for vessels that faced delays<\/strong> while the vital waterway was blocked, Rabie said. The six-day blockage of the Suez Canal has cost Egypt some USD 15 mn in foregone daily revenues, he said. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3bd290ab-fb50-4c27-b00c-a3ec143e0b0b\">Previous estimates<\/a> put that figure at USD 14 mn per day. Egypt is also entitled to claim damages from the ship owner, former SCA boss Mohab Mamish reminded Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=_8XrDnnlMw8\">watch, runtime: 16:52<\/a>).<\/p>\n<p><strong>The good news: Egypt\u2019s balance of payments shouldn\u2019t see \u201csignificant disruption\u201d in the aftermath of the Suez Canal debacle<\/strong>, thanks to Canal receipts faring better than any other cross-border services in the face of previous crises, Moody\u2019s <a href=\"https:\/\/ent.news\/2021\/3\/Credit-Outlook-29-March-2021-28Mar21.pdf\">said (pdf)<\/a> in a periodic review of Egypt\u2019s credit rating, which does not involve a rating or outlook update. Suez Canal receipts remained almost stable and slipped by just 0.7% when the pandemic was wreaking havoc on global economies as it hit the world in early 2020. \u201cWe expect that other Suez Canal-reliant exporters, including oil-exporting countries in the Middle East, are unlikely to be affected in the absence of an extended disruption,\u201d Moody\u2019s writes, affirming Egypt\u2019s credit rating at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/56867d57-f281-4b77-928f-8a517be8ee5f\">B2 with a stable outlook<\/a>.<\/p>\n<p><strong>More good news: The resolution of the situation is expected to bolster shipping lines\u2019 confidence in the Canal<\/strong>, particularly as the ship was dislodged and traffic resumed faster than initial forecasts expected, Mamish told El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=4FlrvlozrVs\">watch, runtime: 1:09<\/a>).<\/p>\n<p><strong>Keep an eye on Russia, which looks to be capitalizing on the Ever Given saga to tout its own <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/23\/suez-canal-revenues-under-threat-as-russia-looks-to-step-up-arctic-shipping-route\/\">Northern Sea route<\/a><\/strong> as an alternative to the Suez Canal, according to <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-suezcanal-russia-arctic\/suez-canal-debacle-shows-value-of-northern-sea-route-russia-says-idUSKBN2BL0X0\">Reuters<\/a>. Moscow had said back in 2019 that it plans to make the route viable year-round (rather than only between July and October) by 2030, and that it could cover ins. for commercial shippers taking on risks of possible supply disruptions.<\/p>\n<p><strong>But don\u2019t expect Egypt to dig a newer New Suez Canal in a bid to remain competitive<\/strong>, since the economic feasibility just isn\u2019t there, Rabie said at yesterday\u2019s presser.<\/p>\n<p><strong>The internet had its fun while it lasted:<\/strong> While holding up USD 10 bn in global trade, the stuck ship yielded some A-class memes, the <a href=\"https:\/\/www.washingtonpost.com\/world\/2021\/03\/26\/suez-canal-stuck-ship-memes\/\">Washington Post<\/a> notes.<\/p>\n<p><strong>The story is still topping coverage of Egypt in the foreign press<\/strong>, with everyone from the <a href=\"https:\/\/www.ft.com\/content\/7afcdae6-b116-424f-bd1c-08e6bbdf6b77\">Financial Times<\/a> to the <a href=\"https:\/\/www.wsj.com\/articles\/ship-blocking-suez-canal-is-partially-freed-11616989503?mod=hp_lead_pos5\">Wall Street Journal<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-29\/the-giant-ship-blocking-the-suez-canal-is-finally-freed-kmut46wg?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> covering the story.<\/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\/credit-rating\/\">credit rating<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ever-given\/\">Ever Given<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/maritime\/\">maritime<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moodys\/\">Moody\u2019s<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/osama-rabie\/\">Osama Rabie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"561221\" 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=\"561221\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/emaar-loves-egypt-editas-big-move-in-morocco\/\">\r\n                            Emaar loves Egypt + Edita\u2019s big move in Morocco                        <\/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\/30\/emaar-loves-egypt-editas-big-move-in-morocco\/\" 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 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Morocco&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/emaar-loves-egypt-editas-big-move-in-morocco\/\">\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\/30\/emaar-loves-egypt-editas-big-move-in-morocco\/&title=Emaar loves Egypt + Edita\u2019s big move in Morocco\">\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=Emaar+loves+Egypt+%2B+Edita%E2%80%99s+big+move+in+Morocco+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Femaar-loves-egypt-editas-big-move-in-morocco%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\/30\/emaar-loves-egypt-editas-big-move-in-morocco\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561221\" class=\"content-area-description single-story post-561221 post type-post status-publish format-standard hentry category-investment-watch tag-arab-bank tag-central-bank-of-egypt tag-edita tag-emaar-misr tag-emaar-properties tag-enterpriseam tag-food-and-beverage tag-investment-watch tag-mohamed-alabbar tag-morocco tag-national-bank-of-kuwait 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> Emaar Properties plans to double its Egypt operations to 30% of its overall business<\/strong>, founder Mohamed Alabbar told <a href=\"https:\/\/bit.ly\/3furc8F\">Asharq Business<\/a>, describing Emaar Misr as the \u201cstar performer\u201d of 2020. This follows the company\u2019s announcement earlier this week of its intention to spend <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3626367c-b5ba-42a3-864a-6400607afc92\">EGP 37.8 bn developing a 500-feddan residential project<\/a> in Sheikh Zayed.<\/p>\n<p><strong>IN OTHER INVESTMENT NEWS-<\/strong><\/p>\n<p><strong>Snackfood maker Edita <\/strong><strong>aims to have its Moroccan plant fully operational by<\/strong><strong> mid-year<\/strong>, head of Investor Relations Mennatallah Shams El Din told the <a href=\"https:\/\/alborsaanews.com\/2021\/03\/29\/1430279\">local press<\/a>. The plant\u2019s construction, which began in 4Q2019, has since been completed, and the production lines are in the process of being installed. Edita\u2019s Morocco-based subsidiary acquired <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a9f6684-a48d-4c79-a347-8758705f6b43\">a USD 8.2 mn loan<\/a> last June to fund the facility, which was slated to begin production last year but suffered covid-19 induced delays.<\/p>\n<p><strong>Edita will receive an EGP 90 mn seven-year loan from the National Bank of Kuwait to finance the company\u2019s local capital expenditures, <\/strong>the company announced in an <a href=\"https:\/\/ent.news\/2021\/3\/Editas-loan.pdf\">EGX disclosure (pdf)<\/a>. The loan will be issued at low interest rates under a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/111ef5d6-168e-46d8-8c26-bde5cbc06827\">CBE initiative<\/a> to support manufacturers through covid-19, and follows <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8c158c2a-ad0d-4312-b8cb-8141335b4201\">a EGP 105 mn loan agreement<\/a> the company signed with Arab Bank last September to finance a new production line.<\/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\/arab-bank\/\">Arab Bank<\/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\/edita\/\">Edita<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emaar-misr\/\">Emaar Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emaar-properties\/\">Emaar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-alabbar\/\">Mohamed Alabbar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-kuwait\/\">National Bank of Kuwait<\/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=\"561222\" 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=\"561222\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/egypt-could-be-back-on-jp-morgans-em-bonds-index-in-2h2021\/\">\r\n                            Egypt could be back on JP Morgan\u2019s EM bonds index in 2H2021                        <\/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\/30\/egypt-could-be-back-on-jp-morgans-em-bonds-index-in-2h2021\/\" 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\/30\/egypt-could-be-back-on-jp-morgans-em-bonds-index-in-2h2021\/')\">\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\/30\/egypt-could-be-back-on-jp-morgans-em-bonds-index-in-2h2021\/\">\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 could be back on JP Morgan\u2019s EM bonds index in 2H2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/egypt-could-be-back-on-jp-morgans-em-bonds-index-in-2h2021\/\">\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\/30\/egypt-could-be-back-on-jp-morgans-em-bonds-index-in-2h2021\/&title=Egypt could be back on JP Morgan\u2019s EM bonds index in 2H2021\">\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+could+be+back+on+JP+Morgan%E2%80%99s+EM+bonds+index+in+2H2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Fegypt-could-be-back-on-jp-morgans-em-bonds-index-in-2h2021%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\/30\/egypt-could-be-back-on-jp-morgans-em-bonds-index-in-2h2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561222\" class=\"content-area-description single-story post-561222 post type-post status-publish format-standard hentry category-debt-watch tag-debt-watch tag-enterpriseam tag-jpmorgan 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 expected to secure a spot on JP Morgan\u2019s emerging-market government <\/strong><strong>bonds index in 2H2021<\/strong>, unlocking up to USD 4.8 bn in new inflows from passive funds that track the index, and potentially leading to a 5% EGP appreciation against the USD, Rand Merchant Bank economist Neville Mandimika told <a href=\"https:\/\/www.reuters.com\/article\/uk-egypt-economy-relisting\/egypts-relisting-on-jp-morgan-bond-index-could-attract-48-billion-rmb-says-idUSKBN2BL1MJ\">Reuters<\/a>. This would end a decade of absence from the index, which Egypt was removed from in 2011 in the aftermath of the 25 January Revolution.<\/p>\n<p><strong>Why we\u2019re eligible now: <\/strong>Egypt now has a combined nominal USD 28.2 bn in longer-term bonds maturing in over 2.5 years, which is the minimum maturity for inclusion in the index. The inclusion of its eligible debt instruments would give Egypt a 2% weighting in the index and divert a portion of around USD 240 bn of assets under management. It could also lead to a natural decrease in yields, which tend to drop an average 130 bps before inclusion, Mandimika said.<\/p>\n<p><strong>Egypt\u2019s strong economic performance since the completion of the IMF reform program is another factor: <\/strong>The government has, since 2019, maintained consistent primary budget surpluses, and \u201cpaved the way for its debt-to-gross-domestic-product profile to compress,\u201d Mandimika says. Egypt began <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/10\/egypt-begins-implementing-debt-reduction-strategy\/\">implementing<\/a> a comprehensive debt strategy last March, focusing on moving toward longer-term debt and prioritizing a long-term reduction in the debt-to-GDP, which stood at 86.1% at the end of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b494276-a8d3-4255-84e5-16b622eb9b4e\">last fiscal year<\/a> after having been above 100% before authorities started implementing the IMF-backed program in 2016.<\/p>\n<p><strong>Why is inclusion good for Egypt? <\/strong>Authorities have been <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/03\/egypt-seeks-inclusion-in-jpmorgan-em-bond-indexes\/\">working towards this goal<\/a> for over two years in a bid to cut borrowing costs and boost inflows. Inclusion would add Egyptian bonds to a list of sovereign instruments gauged by leading investment banks to inform large index-tracking ETFs which invest in the entire EM debt market. The index is <a href=\"https:\/\/www.investopedia.com\/terms\/e\/emerging-markets-bond-index.asp\">among the most popular<\/a> benchmarks for bond performance and is widely used by money managers.<\/p>\n<p><strong>The ball\u2019s in JPMorgan\u2019s court now: <\/strong>Finance Minister Mohamed Maait <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95e658a0-969e-43ad-84b1-5ad3188839e2\">told Bloomberg<\/a> in December 2020 that the ministry had fulfilled nearly all of JPMorgan\u2019s requirements, and was waiting to hear back from them, but we\u2019ve heard nothing official from the ministry since then.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jpmorgan\/\">JPMorgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561223\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"561223\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/561223\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561223\" class=\"content-area-description single-story post-561223 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/Sodic-The-Estate1-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561224\" 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=\"561224\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/a-little-tlc\/\">\r\n                            A little TLC                        <\/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\/30\/a-little-tlc\/\" 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\/30\/a-little-tlc\/')\">\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\/30\/a-little-tlc\/\">\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 little TLC&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/a-little-tlc\/\">\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\/30\/a-little-tlc\/&title=A little TLC\">\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+little+TLC+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Fa-little-tlc%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\/30\/a-little-tlc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561224\" class=\"content-area-description single-story post-561224 post type-post status-publish format-standard hentry category-legislation-watch tag-enterpriseam tag-legislation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Age discrimination for those aged 65 and above could soon be outlawed<\/strong> after the House Social Solidarity Committee approved yesterday a draft bill to support the elderly by ensuring their integration, and full and effective inclusion in society, according to <a href=\"https:\/\/bit.ly\/3m0rAwP\">the local press<\/a>. The law would also set up other benefits and rights for senior citizens with special needs, the newspaper notes, without providing further details. The Senior Care Act will now be sent to the Council of State (Maglis El Dawla) before going up for discussion and a final vote in the House general assembly.<\/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\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561225\" 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=\"561225\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/scct-appoints-steven-yoogalingam-as-managing-director\/\">\r\n                            SCCT appoints Steven Yoogalingam as managing director                        <\/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\/30\/scct-appoints-steven-yoogalingam-as-managing-director\/\" 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\/30\/scct-appoints-steven-yoogalingam-as-managing-director\/')\">\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\/30\/scct-appoints-steven-yoogalingam-as-managing-director\/\">\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=SCCT appoints Steven Yoogalingam as managing director&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/scct-appoints-steven-yoogalingam-as-managing-director\/\">\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\/30\/scct-appoints-steven-yoogalingam-as-managing-director\/&title=SCCT appoints Steven Yoogalingam as managing director\">\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=SCCT+appoints+Steven+Yoogalingam+as+managing+director+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Fscct-appoints-steven-yoogalingam-as-managing-director%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\/30\/scct-appoints-steven-yoogalingam-as-managing-director\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561225\" class=\"content-area-description single-story post-561225 post type-post status-publish format-standard hentry category-moves tag-enterpriseam tag-maersk tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Steven Yoogalingam<\/strong> (<a href=\"https:\/\/jo.linkedin.com\/in\/steven-yoogalingam-60a1627\">LinkedIn<\/a>) has been named <strong>managing director of the Suez <\/strong><strong>Canal Container Terminal<\/strong> (SCCT), according to <a href=\"https:\/\/ent.news\/2021\/3\/CEO-Announcement-English.pdf\">a press release (pdf)<\/a>. Prior to coming to SCCT, which is majority-owned by Maersk subsidiary APM Terminals, Yoogalingam was CEO of the Aqaba Container Terminal in Jordan.<\/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\/maersk\/\">Maersk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561226\" 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                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-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\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-m7iza5v\" data-v=\"4\" data-block-id=\"m7iza5v\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-m7iza5v-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-m7iza5v-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\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-dki6d90\" data-v=\"4\" data-block-id=\"dki6d90\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-dki6d90-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-dki6d90-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\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-6wx3s2m\" data-v=\"4\" data-block-id=\"6wx3s2m\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-6wx3s2m-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-6wx3s2m-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\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-omzpumy\" data-v=\"4\" data-block-id=\"omzpumy\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-omzpumy-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-omzpumy-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561227\" 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=\"561227\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/last-nights-talk-shows-on-30-march-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 30 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\/30\/last-nights-talk-shows-on-30-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\/30\/last-nights-talk-shows-on-30-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\/30\/last-nights-talk-shows-on-30-march-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Last Night\u2019s Talk Shows on 30 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/last-nights-talk-shows-on-30-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\/30\/last-nights-talk-shows-on-30-march-2021\/&title=Last Night\u2019s Talk Shows on 30 March 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows+on+30+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Flast-nights-talk-shows-on-30-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\/30\/last-nights-talk-shows-on-30-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561227\" class=\"content-area-description single-story post-561227 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-egyptian-museum tag-enterpriseam tag-grand-egyptian-museum tag-khaled-anany tag-last-nights-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Now that the Suez Canal debacle is behind us, it\u2019s time for the Grand Ethiopian<\/strong><strong> Renaissance Dam to take center stage again.<\/strong> Or at least that\u2019s what El Hekaya\u2019s Amr Adib thinks is going to (and should) happen now, saying that the Ever Given was a temporary distraction from our ongoing crisis with Ethiopia (<a href=\"https:\/\/www.youtube.com\/watch?v=pb7qk7anjDk\">watch, runtime: 1:32<\/a>).<\/p>\n<p><strong>The international community needs to step up and intervene to mediate between Egypt, Sudan, and Ethiopia to reach a binding agreement<\/strong> on filling and operating the dam, international law professor Mofeed Shehab told Adib. He suggested that Egypt has wide international backing in its position on the matter, since we have been patient and remained committed for a full decade to negotiations and a peaceful resolution to the matter (<a href=\"https:\/\/www.youtube.com\/watch?v=eT6SR6rLdqw\">watch, runtime: 5:44<\/a>).<\/p>\n<p><strong>Also getting attention on the airwaves: The upcoming royal mummy parade<\/strong>, which will see the transfer of 22 mummies from the Egyptian Museum in Tahrir to the National Museum of Egyptian Civilization in Fustat. The transfer is meant to help alleviate some of the overcrowding at the Tahrir Museum, where artefacts aren\u2019t getting the attention they deserve due to the lack of space, Tourism Minister Khaled Anany told Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=PaYVePyqJBA\">watch, runtime: 1:03<\/a>). Anany also briefed Ala Mas\u2019ouleety\u2019s Ahmed Moussa on the parade (<a href=\"https:\/\/www.youtube.com\/watch?v=ohfCf2lhZVQ\">watch, runtime: 11:47<\/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\/egyptian-museum\/\">Egyptian Museum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khaled-anany\/\">Khaled Anany<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561228\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561229\" 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=\"561229\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/egypt-in-the-news-on-30-march-2021\/\">\r\n                            Egypt in the News on 30 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\/30\/egypt-in-the-news-on-30-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\/30\/egypt-in-the-news-on-30-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\/30\/egypt-in-the-news-on-30-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 30 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/egypt-in-the-news-on-30-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\/30\/egypt-in-the-news-on-30-march-2021\/&title=Egypt in the News on 30 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+30+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Fegypt-in-the-news-on-30-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\/30\/egypt-in-the-news-on-30-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561229\" class=\"content-area-description single-story post-561229 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The aftermath of our series of unfortunate events is still earning us plenty of digital ink in<\/strong><strong> the foreign press.<\/strong> On a positive note, a six-month-old baby has been pulled alive from the rubble of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d90dff38-5115-4875-94e9-5cb9401dcfaa\">10-story building that collapsed<\/a> in Cairo's Gesr El Suez neighborhood on Friday, which left 25 people dead and 26 injured, <a href=\"https:\/\/apnews.com\/article\/world-news-egypt-cairo-building-collapses-216590137fec0e865674e58a44a27cc9\">the Associated Press<\/a> reports. The recent string of misfortunes (including the blockage of the Suez Canal, the Sohag train crash, and the Gesr El Suez building collapse) were not triggered by a pharaonic curse, archaeologists apparently found themselves needing to say, according to <a href=\"https:\/\/www.arabnews.com\/node\/1833981\/middle-east\">Arab News<\/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=\"561230\" 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=\"561230\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/also-on-our-radar-on-30-march-2021\/\">\r\n                            Also on our Radar on 30 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\/30\/also-on-our-radar-on-30-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\/30\/also-on-our-radar-on-30-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\/30\/also-on-our-radar-on-30-march-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Also on our Radar on 30 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/also-on-our-radar-on-30-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\/30\/also-on-our-radar-on-30-march-2021\/&title=Also on our Radar on 30 March 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Also+on+our+Radar+on+30+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Falso-on-our-radar-on-30-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\/30\/also-on-our-radar-on-30-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561230\" class=\"content-area-description single-story post-561230 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-judiciary tag-kima tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Arrests made as Sohag train crash death toll revised downwards: <\/strong>Eight people have been arrested over <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bcf3978-5ef1-496c-aa08-47cf1436e86e\">the collision of two trains in Sohag on Friday<\/a> that claimed the lives of 18 people and injured hundreds, the Prosecutor General\u2019s office said in a video statement <a href=\"https:\/\/www.facebook.com\/ppo.gov.eg\/videos\/353476989345900\/?hc_ref=ARTVGP4S1Z3nslWToNfxwFcNepTbsYymlmWTtzT6AdmoSygtbUj5Toi0-riph7S2FtU&fref=nf&__xts__[0]=68.ARBM5C4BWVP1R-8G1k_c7zYjL4-m3wfDWApQinAQzHsKTBfkgGVAUG3OqLGnhlMfsAuOTFGpQL9fQyAmE7hftTmNtwTjTZSy_eoz8767vq9HEzaOhh1ALzm1LsGvayd0OPRN1dPRcU5nIhSQMayCQxTLXfPngFKI6RgK_qTLzorpANAye4oPgKmckh7k6jmv0SNxMpGvwxWTkWqcDMo7A1PJBASrzpeYqy_RrNp7fxERGlxEqyVnL0Gu-ZlatGusuSyZJ9IUNLC8945uyTBFSFhkweqKP-e8g3KhveHdR-E8qpw9YfCsluE1n9nX18jPxuY&__tn__=kC-R\">(watch, runtime: 5:45)<\/a>. These include the drivers of the two trains and their two assistants, the head of traffic control in Assiut, and three other guards. <strong>The prosecutor also revised the death toll down to 18 from 19<\/strong>, and raised the number of people found injured to 200. Initial reports suggested that 32 people had lost their lives in the collision, but the Health Ministry revised the figure to 19.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Misr Ins. Holding Company <\/strong>is <a href=\"https:\/\/bit.ly\/3crtKlM\">planning to set up<\/a> a <strong>new medical in<\/strong><strong>s. arm<\/strong> with capital of some EGP 160 mn, and will apply for a license from the Financial Regulatory Authority in the coming days.<\/li>\n<li>The Egyptian Chemical Industries (<strong>Kima<\/strong>) has <a href=\"https:\/\/bit.ly\/3dbdyV2\">agreed<\/a>to assign the operation and maintenance of its ammonia-urea plant Kima-2 to Italy-based <strong>Maire Tecnimont<\/strong>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/judiciary\/\">judiciary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kima\/\">Kima<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561231\" 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=\"561231\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/put-the-pedal-to-the-metal\/\">\r\n                            Put the pedal to the metal                        <\/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\/30\/put-the-pedal-to-the-metal\/\" 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\/30\/put-the-pedal-to-the-metal\/')\">\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\/30\/put-the-pedal-to-the-metal\/\">\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=Put the pedal to the metal&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/put-the-pedal-to-the-metal\/\">\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\/30\/put-the-pedal-to-the-metal\/&title=Put the pedal to the metal\">\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=Put+the+pedal+to+the+metal+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Fput-the-pedal-to-the-metal%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\/30\/put-the-pedal-to-the-metal\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561231\" class=\"content-area-description single-story post-561231 post type-post status-publish format-standard hentry category-covid-watch tag-abu-dhabi tag-covid-19 tag-enterpriseam tag-glaxosmithkline tag-helix-nano tag-moderna tag-pfizer tag-sinopharm tag-sinovac tag-uae tag-uk tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Egypt\u2019s vaccine rollout should be expedited after the Health Ministry decided to <\/strong><strong>redistribute people waiting for a <\/strong><strong>jab<\/strong><strong> across more medical centers.<\/strong> Some of the 400k individuals who registered for a vaccine through the Health Ministry\u2019s website and who are now on waiting lists at one of the first 40 medical units the ministry set up will instead get their vaccines at one of the newly-introduced 98 centers across the country, advisor to the Health Minister Aysam Salah told <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=29032021&id=d9fb4d96-cd49-4ba7-865b-f82f1970894d\">Al Shorouk<\/a>. The decision comes as the ministry has received an influx of complaints about the slow vaccination rate and long waiting lists, especially among individuals who were among the first to register for a jab.<\/p>\n<p><strong>You can now also amend your vaccine registration to select a center that doesn\u2019t have a <\/strong><strong>waiting list <\/strong>by calling the ministry\u2019s hotline (15335), Salah said.<\/p>\n<p><strong>The available centers:<\/strong> Vaccines are now being administered at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/885df3f6-1bbb-4562-bbd0-f7f9c318580e\">138 medical units<\/a> across the country. There are 33 sites available across Cairo, followed by another 24 units in Giza and 19 in Alexandria. The ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eb960df3-5af1-4939-8475-fb52b2458345\">is looking<\/a> to set up 5k medical units and <a href=\"https:\/\/gate.ahram.org.eg\/News\/2678270.aspx\">6<\/a><a href=\"https:\/\/gate.ahram.org.eg\/News\/2678270.aspx\">00<\/a><a href=\"https:\/\/gate.ahram.org.eg\/News\/2678270.aspx\">hospitals<\/a> to administer the vaccines soon.<\/p>\n<p><strong>So far, a total of 600k individuals have registered for a vaccine through the ministry\u2019s <\/strong><strong>website.<\/strong> It remains unclear how many of those have been inoculated already. Health Minister Hala Zayed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eb960df3-5af1-4939-8475-fb52b2458345\">had said<\/a> that the aim was to have as many as 250k individuals vaccinated last week alone. It is unclear whether that target was met.<\/p>\n<p><strong>Egypt should start manufacturing China\u2019s Sinovac vaccine within a few months<\/strong>, Undersecretary of the Health Ministry for Preventive Affairs Mohamed Abdel Fattah said on Sada El Balad\u2019s Sabah El Balad <a href=\"https:\/\/www.youtube.com\/watch?v=CCOVKGpO6cA\">(watch, runtime: 6:55)<\/a>. This comes as a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f116dcf-38ef-4de4-a802-5c5ac5422155\">Chinese delegation will be visiting Egypt soon<\/a> to inspect state-owned vaccine maker Vacsera\u2019s production lines. All eligible Egyptians should be vaccinated before year-end, he added.<\/p>\n<p><strong>Could the House of Representatives go on recess until all MPs are inoculated?<\/strong> That\u2019s what MP Mostafa Bakry proposed at yesterday\u2019s plenary session, pointing out that 15 MPs have been infected with the virus that causes covid-19 and that transmission is easy in the parliament building, <a href=\"https:\/\/bit.ly\/3meSb9D\">Al Mal<\/a> reports. Bakry insisted he doesn\u2019t want MPs to jump the vaccination line or to get preferential treatment ahead of others. House Speaker Hanafi Gebali backed Bakry\u2019s idea and said he will look into putting the proposal in motion.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/346321853585100?_rdc=1&_rdr\">reported<\/a><\/strong><strong> 689 new covid-19 infections yesterday<\/strong>, up from 686 the day before. The ministry also reported 32 new deaths, bringing the country\u2019s total death toll to 11,914. Egypt has now disclosed a total of 200,739 confirmed cases of covid-19.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi\/\">Abu Dhabi<\/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\/glaxosmithkline\/\">GlaxoSmithKline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/helix-nano\/\">Helix Nano<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moderna\/\">Moderna<\/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\/sinopharm\/\">Sinopharm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinovac\/\">Sinovac<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/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=\"561232\" 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=\"561232\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/what-the-markets-are-doing-on-30-march-2021\/\">\r\n                            What the markets are doing on 30 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\/30\/what-the-markets-are-doing-on-30-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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Having been slower to offload equity blocks than Goldman Sachs and Morgan Stanley, Credit Suisse and Japanese bank Nomura are likely to suffer losses, with Credit Suisse insiders saying the bank could lose in the realm of USD 3-4 bn, and the bank saying losses \u201ccould be highly significant and material to [their] first-quarter results.\u201d Further block sell-offs could ensue in coming days, hedge fund managers said, as other funds wind down overleveraged positions.<\/p><p><strong>But how did Archegos amass such an overleveraged portfolio to begin with? <\/strong>Most of the money was provided by banks in swaps, or contracts-for-difference agreements, meaning Archegos may not have owned most of the securities underlying its stocks, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-29\/billions-in-secretive-derivatives-at-center-of-archegos-blowup?srnd=premium&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. The types of derivatives used by Archegos are made off of exchange markets, meaning the company is not bound by market rules to disclose holdings of more than 5%, and future transactions, in a US-listed company.<\/p><p><strong>MEANWHILE: Visa is jumping on the crypto bandwagon<\/strong>, saying yesterday that it will now support payments in cryptocurrency USD Coin as part of a pilot program with payment platform Crypto.com, in the latest sign that crypto is going mainstream, <a href=\"https:\/\/www.reuters.com\/article\/us-crypto-currency-visa-exclusive\/exclusive-visa-moves-to-allow-payment-settlements-using-cryptocurrency-idUSKBN2BL0X9\">Reuters<\/a> reports.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-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>10,738<\/p>\n<\/td>\n<td>\n<p>-1.2% (YTD: -1.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.67<\/p>\n<\/td>\n<td>\n<p>Sell 15.77<\/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 15.67<\/p>\n<\/td>\n<td>\n<p>Sell 15.77<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>9,616<\/p>\n<\/td>\n<td>\n<p>+1.4% (YTD: +10.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,824<\/p>\n<\/td>\n<td>\n<p>+1.2% (YTD: +15.4%)<\/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>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,553<\/p>\n<\/td>\n<td>\n<p>+2.1% (YTD: +2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,971<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +5.7%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,736<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +4.3%)<\/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>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 65.22<\/p>\n<\/td>\n<td>\n<p>+0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.59<\/p>\n<\/td>\n<td>\n<p>+1.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,709.40<\/p>\n<\/td>\n<td>\n<p>-0.3%<\/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 57,294.13<\/p>\n<\/td>\n<td>\n<p>+3.94%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 fell 1.2% yesterday<\/strong> on turnover of EGP 1.1 bn (24.7% below the 90-day average). Local investors were net buyers. The index is down 1.0% YTD.<\/p><p><strong>In the green: <\/strong>EFG Hermes (+3.0%), Pioneers (+2.0%) and GB Auto (+1.8%).<\/p><p><strong>In the red: <\/strong>Eastern Co. (-3.6%), CIB (-2.5%) and Heliopolis Housing (-2.3%).<\/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\/cryptocurrency\/\">cryptocurrency<\/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\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/visa\/\">Visa<\/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=\"561233\" 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=\"561233\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/around-the-world-on-30-march-2021\/\">\r\n                            Around the World on 30 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\/30\/around-the-world-on-30-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\/30\/around-the-world-on-30-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\/30\/around-the-world-on-30-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=Around the World on 30 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/around-the-world-on-30-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\/30\/around-the-world-on-30-march-2021\/&title=Around the World on 30 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=Around+the+World+on+30+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F30%2Faround-the-world-on-30-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\/30\/around-the-world-on-30-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561233\" class=\"content-area-description single-story post-561233 post type-post status-publish format-standard hentry category-around-the-world tag-abdel-fattah-el-sisi tag-around-the-world tag-diplomacy tag-enterpriseam tag-iraq tag-jordan tag-king-abdullah-ii tag-sameh-shoukry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Regional developments and anti-terrorism were on the agenda at a ministerial meeting<\/strong><strong> between Egypt, Iraq, and Jordan<\/strong> that brought together FMs Sameh Shoukry, Fuad Hussein, and Ayman Safadi in Baghdad yesterday, Iraqi state-run news agency <a href=\"https:\/\/www.ina.iq\/122635--.html\">INA<\/a> reports. The ministers also discussed joint cooperation ahead of a planned tripartite summit that was due to be held in Baghdad at the end of this month but was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e475e32-f75e-4fe8-8e3d-1ad3690c75b0\">postponed<\/a> following last Friday\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bcf3978-5ef1-496c-aa08-47cf1436e86e\">train crash in Sohag<\/a>. The meeting \u2014 a new date for which is yet to be announced \u2014 is set to bring together President Abdel Fattah El Sisi, Iraqi PM Mustafa Al-Kadhimi and Jordan\u2019s King Abdullah, along with the three countries\u2019 foreign ministers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/king-abdullah-ii\/\">King Abdullah II<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section going-green wp-block-group issue-section\" id=\"561234\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/goinggreen\/\">\r\n                            Read going Green                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">14<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/how-egypts-startups-are-helping-solve-our-water-leakage-issues\/\">\r\n                            How Egypt\u2019s startups are helping solve our water leakage issues<\/a>\r\n                        <\/h3>\r\n\r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/how-egypts-startups-are-helping-solve-our-water-leakage-issues\/\" 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\/goinggreens\/how-egypts-startups-are-helping-solve-our-water-leakage-issues\/')\">\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\/goinggreens\/how-egypts-startups-are-helping-solve-our-water-leakage-issues\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=How Egypt\u2019s startups are helping solve our water leakage issues&url=https:\/\/enterpriseam.com\/egypt\/goinggreens\/how-egypts-startups-are-helping-solve-our-water-leakage-issues\/\">\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\/goinggreens\/how-egypts-startups-are-helping-solve-our-water-leakage-issues\/&title=How Egypt\u2019s startups are helping solve our water leakage issues\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=How+Egypt%E2%80%99s+startups+are+helping+solve+our+water+leakage+issues+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fgoinggreens%2Fhow-egypts-startups-are-helping-solve-our-water-leakage-issues%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/how-egypts-startups-are-helping-solve-our-water-leakage-issues\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/357.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"561235\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/how-egypts-startups-are-helping-solve-our-water-leakage-issues\/357-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/357.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"357.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/357.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/357.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-561234\" class=\"content-area-description post-561234 goinggreen type-goinggreen status-publish has-post-thumbnail hentry tag-agriculture tag-enterprise-going-green tag-enterpriseam tag-green-economy tag-plugngrow tag-wai-technologies tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>How Egypt\u2019s startups are helping solve our water leakage crisis: <\/strong><a href=\"https:\/\/enterprise.press\/greeneconomys\/egypts-green-startups\/\">Last week<\/a>, we looked at local startups providing easy household solutions to tackling waste management and solar energy problems. Our spotlight on Egypt\u2019s green tech startups continues with a topic that we\u2019ve covered intensively on Enterprise:<strong> Leakages in our drinking and irrigation water, and what we can do to fix it.<\/strong><\/p>\n<p><strong>This week, we dive into agritech startup <\/strong><strong>Plug\u2019n\u2019Grow<\/strong><strong> and watertech startup <\/strong><strong>Wai Technologies<\/strong><strong>, <\/strong>both of which are at the epicenter of a nationwide problem, which will likely get worse as the Grand Ethiopian Renaissance Dam crisis still looks like a ways away from being resolved.<\/p>\n<p><strong>Egypt\u2019s water scarcity is only growing: <\/strong>Egypt\u2019s annual share of water per capita is 560 cubic meters, well below the 1k cubic meter threshold for water scarcity, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e946dfc2-96b1-49f6-8a81-4776ec09bf46\">Prime Minister Mostafa Madbouly recently told the UN<\/a>.<\/p>\n<p><strong>Agriculture, which consumes 80% of Egypt\u2019s water, has been seeing extensive water losses due to an ancient irrigation network and outdated methods. <\/strong>While concrete figures do not exist for the extent of the loss, estimates put it at around 9.5 bcm in FY2018-19, according to state statistics agency <a href=\"https:\/\/ent.news\/2020\/9\/202089125033_water-resources.pdf\">Capmas (pdf)<\/a>. The Nile Delta alone lost 7 bn cubic meter of water in FY2018-19 due to leakages in the canals, sources previously tell us. <strong>Read <\/strong><strong><a href=\"https:\/\/enterprise.press\/hardhats\/water-leakage-agriculture-pressing-water-infrastructure-problem\/\">our primer<\/a><\/strong><strong> on Egypt\u2019s irrigation waste and leakages. <\/strong><\/p>\n<p><strong>But beyond leakages, there is an issue of inefficient water use in irrigation.<\/strong> Using traditional irrigation, growing 1 kg of lettuce can consume up to 250 litres of water, Mostafa Hassanen, CEO of <a href=\"https:\/\/www.plugngrow.me\/\">Plug\u2019n\u2019Grow<\/a> tells us.<\/p>\n<p><strong>Plug\u2019n\u2019Grow provides new, as well as seasoned growers with water-efficient hydroponics and aquaculture systems <\/strong>to produce vegetables and fish at affordable costs. Hydroponics entails growing plants without soil. Aquaponics relies on irrigating soilless plants with water that was used to cultivate fish or other water organisms. The water thus becomes more nutrient-rich. Both systems can be implemented at scale using greenhouses.<\/p>\n<p><strong>The modern hydroponics systems save 85-90% of water, <\/strong>when compared to traditional irrigation, and ensures export-ready crops, Hassanen says. Using aquaponics can save upto 99% of water, when compared to traditional irrigation processes. The use of greenhouses allows the produce coming out of 1 feddan of hydroponics to be equivalent to the produce of 26 feddans of traditional irrigation \u2014 hence, a lot of space is saved. The founder suggests that using hydroponics for vegetables can save the water needed to cultivate essential, water-heavy crops such as wheat and rice.<\/p>\n<p><strong>The startup helps existing businesses convert traditional farms into hydroponic systems. <\/strong>It also consults, designs and constructs the system for new land owners. This comes with continuous technical support, software for the farm management and operations.<\/p>\n<p><strong>During covid, more individuals became interested in investing in small farms. <\/strong>Due to the pandemic, the produce market in Europe almost came to a halt, while interest rates in Egypt went down, Hassanen adds. This had spurred people in Egypt to enter the domain of produce export. Plug\u2019n\u2019Grow\u2019s customers include big businesses, small commercial farms, as well as clients interested in building a small, self-sufficient grow house for themselves, to ensure that the food they consume is healthy.<\/p>\n<p><strong>But about our drinking water leakages? <\/strong>Egypt lost around 29% of its 10.7 bn cubic meters of drinking water supply (or 3.1 bcm) in FY2018-19 due to an aging network of pipelines and illegal construction, experts told us back in September. This is equivalent to 3.1 bn cubic meters. <strong>Read <\/strong><strong><a href=\"https:\/\/enterprise.press\/hardhats\/water-leakage-agriculture-pressing-water-infrastructure-problem\/\">our primer<\/a><\/strong><strong> on Egypt\u2019s drinking water leakages. <\/strong><\/p>\n<p><strong>How <\/strong><strong><a href=\"http:\/\/wai-techs.com\/index.html\">Wai Technologies<\/a><\/strong><strong> helps plug holes in the water grid: <\/strong>The relatively newly-launched startup offers an AI-based solution and data analytics to pinpoint problems in the water network, such as water leakages. The startup provides a smart water platform that connects with the measurement tools of any given water company, which can detect water flow and pressure in different areas. These data points are then analyzed through an algorithm that reveals what and where leakages occur, as well as timely alerts and optimal places to place sensors. Currently, the company is piloting the project in Hurghada. The product is also available for communities and compounds with internal water networks.<\/p>\n<p><strong>While there is much more interest in saving water in agriculture through tech solutions, saving drinking water leakages could also help reduce energy consumption,<\/strong> Mohamed Abdelkader, founder and CEO of Wai Technologies, notes. Drinking water goes through an electricity-heavy purification process in order to be safe for consumption. This process is even more complex in the Red Sea area, due to the saltwater surroundings, which makes water more expensive.<\/p>\n<p><strong>But startups will not achieve much without policy and behavior <\/strong>Egypt wants to reduce the amount of leaked water to 5% by 2030, <a href=\"https:\/\/www.arabdevelopmentportal.com\/sites\/default\/files\/publication\/sds_egypt_vision_2030.pdf\">according to Egypt Vision 2030<\/a>. A very ambitious goal, according to Abdelkader. But he believes that without policies that guide normal people to make more environmentally friendly decisions are needed.<\/p>\n<p><strong>Steps to address this are already being taken: <\/strong>The Madbouly government has made <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/317c851c-de75-4546-97e4-ab2090cfe9c9\">upgrading, plugging and extending old water networks<\/a> a national priority. It plans to allocate part of the funding for that through settlements to violations of the building codes. The government has even begun rolling out water-saving sensors to measure irrigation leakages, government sources told Reuters <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3f9946b2-ffad-4eec-8377-2b542a676b45\">back in February<\/a>.<\/p>\n<p><strong>More policy changes appear to be in the offing, <\/strong>as the House of Representatives has finally realized that the Water Resources Act has been on its agenda for some time. Plenary discussions have reportedly begun this week in the house over the bill, which will introduce stricter penalties for water waste, while addressing pollution, dwindling resources, and climate change issues.<strong> Read <\/strong><strong><a href=\"https:\/\/enterprise.press\/hardhats\/legislation-help-us-combat-growing-water-crisis-bogged-house\/\">our primer<\/a><\/strong><strong> on water legislation that has been meandering through our legislative branch of government over many years. <\/strong><\/p>\n<p><strong>Your top climate stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Environment Ministry green initiatives: <\/strong>Eight private sector companies will take part in the <a href=\"https:\/\/www.facebook.com\/EGY.Environment\/posts\/2829738233931895\">plastic recycling initiatives<\/a> launched by the Environment Ministry, which promised \"green initiatives\" to lure more players.<\/li>\n<li><strong>Manufacturing: <\/strong>Startup Brightskies and Alexandria University <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2aca433-49ce-4001-8ea4-9685f2132cad\">have received<\/a> EGP 5 mn in funding from the Information Technology Industry Development Agency to locally develop technology used in electric buses.<\/li>\n<li><strong>Waste-to-energy investment: <\/strong><a href=\"https:\/\/greentech-egypt.com\/\">Green Tech Egypt<\/a> will work with the military on a EGP 4.8 bn <a href=\"https:\/\/bit.ly\/3df5KSj\">waste-to-energy project<\/a> in Abu Rawash that we\u2019re yet to hear more details about.<\/li>\n<li><strong>Banks ignore ESG pledges: <\/strong>Global banks and financial institutions <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/36684040-27ce-4113-984f-1d37f7462be7\">have provided USD 750 bn<\/a> in financing to coal, oil and gas companies in 2020, despite many having pledged to back the Paris climate accord.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-economy\/\">Green Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/plugngrow\/\">Plug\u2019n\u2019Grow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wai-technologies\/\">Wai Technologies<\/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\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"561236\" 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\/30\/your-essential-business-calendar-on-30-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561236\" class=\"content-area-description single-story post-561236 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>29-30 March (Monday-Tuesday): <a href=\"https:\/\/arab-exchanges.org\/conference\/\">Arab Federation of Exchanges Annual Conference<\/a> 2021.<\/p>\n<p>30 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 filing deadline.<\/p>\n<p>31 March (Wednesday): The Egyptian-Croation Business Forum will convene.<\/p>\n<p>31 March (Wednesday): British Egyptian Business Association (BEBA) <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_7tVqmW0cSTi86X6lJjcZyw\">webinar<\/a> on workplace harassment.<\/p>\n<p>1-3 April (Thursday-Saturday): <a href=\"http:\/\/hvacregypt.com\/\">HVAC-R Egypt Expo<\/a>, Egypt International Exhibition Center, New Cairo.<\/p>\n<p>5-11 April: The <a href=\"https:\/\/live.worldbank.org\/\">Spring Meetings<\/a> of the IMF and the World Bank Group will take place virtually.<\/p>\n<p>6 April (Tuesday): French Chamber of Commerce and Industry in Egypt working breakfast with Sovereign Fund of Egypt CEO Ayman Soliman.<\/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): Coptic 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>7-9 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>17-20 June (Thursday-Sunday) : The International Exhibition of Materials and Technologies for Finishing and Construction (<a href=\"https:\/\/turnkeyexhibition.com\/\">Turnkey Expo<\/a>), Cairo International Conference Center.<\/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>30 June- 15 July: National Book Fair.<\/p>\n<p>1 July: (Thursday): National holiday in observance of 30 June Revolution.<\/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":561212,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-561211","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d20c7af7-ad80-477f-bb7b-42bbc1d5fbf6","teaser":"","photo_url":"https:\/\/ent.news\/2021\/3\/349.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The boat has floated and we have three listings in the market. 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