{"id":561711,"date":"2021-04-19T03:46:59","date_gmt":"2021-04-19T03:46:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=561711"},"modified":"2025-12-16T03:25:21","modified_gmt":"2025-12-16T03:25:21","slug":"rail-safety-is-in-the-spotlight-after-yet-another-accident-leaves-11-dead-nearly-100-injured","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/rail-safety-is-in-the-spotlight-after-yet-another-accident-leaves-11-dead-nearly-100-injured\/","title":{"rendered":"Rail safety is in the spotlight after yet another accident leaves 11 dead, nearly 100 injured"},"content":{"rendered":"<section id=\"561713\" 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=\"561713\">\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\/04\/19\/this-morning-us-chamber-wanted-egypt-to-attend-bidens-climate-fest-reviving-tourism-in-esna\/\">\r\n                            THIS MORNING: US Chamber wanted Egypt to attend Biden\u2019s climate fest + Reviving tourism in Esna                        <\/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\/04\/19\/this-morning-us-chamber-wanted-egypt-to-attend-bidens-climate-fest-reviving-tourism-in-esna\/\" 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\/04\/19\/this-morning-us-chamber-wanted-egypt-to-attend-bidens-climate-fest-reviving-tourism-in-esna\/')\">\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\/04\/19\/this-morning-us-chamber-wanted-egypt-to-attend-bidens-climate-fest-reviving-tourism-in-esna\/\">\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=THIS MORNING: US Chamber wanted Egypt to attend Biden\u2019s climate fest + Reviving tourism in Esna&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/this-morning-us-chamber-wanted-egypt-to-attend-bidens-climate-fest-reviving-tourism-in-esna\/\">\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\/04\/19\/this-morning-us-chamber-wanted-egypt-to-attend-bidens-climate-fest-reviving-tourism-in-esna\/&title=THIS MORNING: US Chamber wanted Egypt to attend Biden\u2019s climate fest + Reviving tourism in Esna\">\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=THIS+MORNING%3A+US+Chamber+wanted+Egypt+to+attend+Biden%E2%80%99s+climate+fest+%2B+Reviving+tourism+in+Esna+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F19%2Fthis-morning-us-chamber-wanted-egypt-to-attend-bidens-climate-fest-reviving-tourism-in-esna%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\/04\/19\/this-morning-us-chamber-wanted-egypt-to-attend-bidens-climate-fest-reviving-tourism-in-esna\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561713\" class=\"content-area-description single-story post-561713 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-climate-change tag-covid-19 tag-development tag-enterpriseam tag-house-of-representatives tag-legislation-watch tag-us-chamber-of-commerce tag-usaid 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, nice people, and welcome to day seven of Ramadan. <\/strong>The big story this morning: at least 11 people were killed and nearly 100 injured in yet another train accident yesterday. There are at least a half-dozen investigations now underway into various accidents as well as infrastructure spending, training procedures and safety protocols at Egyptian National Railways. The news dominated the talk shows last night and is all over front pages this morning. We have chapter and verse in the news well, below.<\/p><p><strong>***CATCH UP QUICK<\/strong> on the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>Shakeup at CI Capital:<\/strong> Hesham Gohar <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cede41e-166e-4826-8075-1e669a966b83\">is now the group CEO<\/a> of CI Capital, with Hazem Badran and Tarek Tantawi leaving by 20 May.<\/li>\n<li><strong>E-payments:<\/strong> Banque du Caire is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b776b44-9186-4dab-812b-5397f793d013\">looking to expand<\/a> its digital services and e-payments regionally.<\/li>\n<li><strong>Startup watch:<\/strong> Innoventures <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a28ccddd-fc3b-4115-a5d8-bc658702e2f7\">is in talks<\/a> with a potential LP based in the GCC for its EGP 200 mn VC fund.<\/li>\n<\/ul><p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p><p><strong>Amendments to the Disabilities Act will be with the House <\/strong>Constitutional and Legislative Committee and the House Social Solidarity Committee <a href=\"https:\/\/bit.ly\/3mYlflT\">for review today<\/a>. The proposed amendments, which earned Senate approval <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b4277b7f-b653-4485-9c66-0e07b8d3a8cc\">earlier this month<\/a>, would toughen penalties for those convicted of bullying persons with disabilities.<\/p><p><strong>PSA- It\u2019s going to be stinking hot again today<\/strong>, with the mercury heading to 41\u00b0C this afternoon. One bright spot: <strong>It\u2019s going to be a very dry heat<\/strong>, with the humidity at no more than 10%, according to our favorite weather app. Temps will fall back to a more seasonally appropriate low-to-mid 30s starting tomorrow.<\/p><p><strong>** So, when do we eat?<\/strong> We\u2019ll break our fast this evening \u2014 and mark one full week of Ramadan \u2014 at 6:25pm. Eat your yogurt and guzzle your water (and coffee) before fajr prayers at 3:52am.<\/p><p><strong>SIGNS OF THE TIMES as we wade through the second quarter of the year:<\/strong><\/p><ul>\n<li><strong>Consumers around the world have accumulated some USD 5.4 tn (yes, tn) in extra <\/strong><strong>savings<\/strong> since the start of the pandemic thanks to a combination of government stimulus and delayed buying. Booming consumer confidence suggests businesses are looking at a robust second half of the year as covid restrictions are dropped and borders reopen. Read all about it in the <a href=\"https:\/\/www.ft.com\/content\/8cbfe40d-1ce1-4dc6-bcb2-1314b77b9443\">Financial Times<\/a>.<\/li>\n<li><strong>Investors managing some USD 11 tn in assets want banks to set tougher emission <\/strong><strong>targets<\/strong> for their lending activity ahead of a meeting of world leaders at the end of this week, <a href=\"https:\/\/www.reuters.com\/business\/environment\/investor-group-calls-banks-set-tougher-climate-targets-2021-04-18\/\">Reuters<\/a> reports.<\/li>\n<li><strong>Global covid infections hit a new weekly record despite vaccinations, <\/strong>\u201cwith the worst outbreaks accelerating in many countries that are ill-equipped to deal with them,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-19\/global-covid-infections-hit-weekly-record-despite-vaccinations\">Bloomberg<\/a> writes.<\/li>\n<\/ul><p><strong>Speaking of climate: Egypt has been left out of the US-hosted <\/strong><strong><a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/03\/26\/president-biden-invites-40-world-leaders-to-leaders-summit-on-climate\/\">Leaders Summit on<\/a><\/strong><strong><a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/03\/26\/president-biden-invites-40-world-leaders-to-leaders-summit-on-climate\/\">Climate<\/a><\/strong>, which will see 40 world leaders head to the United States this Thursday through Saturday, <strong>but it\u2019s still good to remember who our friends are: The US Chamber of Commerce encouraged the Biden administration to invite President Abdel Fattah El Sisi<\/strong> to the summit in a bid to bolster Egypt-US ties in the energy, digital economy, health, education, and environmental sectors. Read this <a href=\"https:\/\/www.uschamber.com\/series\/above-the-fold\/pharaohs-and-pyramids-post-pandemic-priorities-egypt-4-ideas-the-biden\">set of policy recommendations<\/a> on Egypt by the chamber\u2019s VP for Middle East Affairs, Steve Lutes.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>MORNING MUST-READ, particularly for the Gen Xers among you: <\/strong>The New York Times columnist Charles M. Blow is out with a particularly thoughtful piece on <strong><a href=\"https:\/\/www.nytimes.com\/2021\/04\/18\/opinion\/life-adulthood-death.html\">My second phase of adulthood<\/a><\/strong>, meditating on what it means to be dealing with kids who are becoming adults, with parents who are in the twilight of their life, with dying friends and <strong>how he remains optimistic despite \u201chaving more summers behind me than in front of me.\u201d<\/strong><\/p><p><strong>Speaking of summers: Have you made plans for Sahel yet?<\/strong> We have just 73 days left until high season really kicks into gear on 1 July, so if you\u2019re in the market for a rental, now is the time to act.<\/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>MORNING MUST-WATCH- Reviving tourism in Esna:<\/strong> A project to revive tourism in Luxor\u2019s Esna by restoring and rehabilitating the city\u2019s heritage sites and surrounding buildings has helped retain local talent and support businesses in the city, Esna residents say in this <strong>feel-good video<\/strong> about how the work on their hometown has changed their lives (<a href=\"https:\/\/www.youtube.com\/watch?v=DEEtSGusigQ\">watch, runtime: 4:18<\/a>). The nice people at USAID partnered with the International Cooperation Ministry, the Tourism Ministry, and urban developer Takween on the project, which kicked off back in 2016.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>New goodies for iSheep? Apple is running a virtual event tomorrow <\/strong>at which pundits think it will <a href=\"https:\/\/www.theverge.com\/2021\/4\/13\/22310826\/apple-april-20th-event-date-rumors-ipad-pro-macbook-tv-airtags\">unveil AirTags and a new iPad Pro<\/a> with an improved display and faster processor, among other new products. The headline: Spring Loaded. The event will stream at 7pm CLT on <a href=\"https:\/\/www.apple.com\/apple-events\/\">Apple\u2019s website<\/a> and on <a href=\"https:\/\/www.youtube.com\/watch?v=JdBYVNuky1M\">YouTube<\/a>.<\/p><p><strong>EBRD President Odile Renaud-Basso could visit Egypt sometime this month<\/strong>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2308519\">Al Masry Al<\/a><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2308519\">Youm<\/a> reported last week following a meeting with Egypt\u2019s ambassador to the UK Tarek Adel. This would be her first official visit to Egypt since she was appointed to head the bank in November.<\/p><p>The Central Bank of Egypt will meet to review rates next<strong> Thursday, 29 April<\/strong>. We\u2019ll have our customary poll of economists and analysts on the expected outcome from the central bank\u2019s Monetary Policy Committee at the beginning of next week.<\/p><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> Universities play a key role in Egypt\u2019s entrepreneurship scene, offering a range of services to help students start their own businesses, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a2a7ab3-2a41-46bf-9063-d0c24483aec2\">we reported last week<\/a>. Today, startup program leaders, entrepreneurs and VCs talk about what these programs do particularly well: early-stage awareness-raising, access to resources and sector-specific knowledge, mentorship and helping students develop skills with market applicability.<\/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\/climate-change\/\">climate change<\/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\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-chamber-of-commerce\/\">US Chamber of Commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/usaid\/\">USAID<\/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=\"561714\" 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=\"561714\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/561714\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561714\" class=\"content-area-description single-story post-561714 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/SOMA-ENTERPRISEACT-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=\"561715\" 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=\"561715\">\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\">Transport<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/yet-another-train-accident\/\">\r\n                            Yet another train accident                        <\/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\/04\/19\/yet-another-train-accident\/\" 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=\"#\" 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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/183.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/183.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561715\" class=\"content-area-description single-story post-561715 post type-post status-publish format-standard has-post-thumbnail hentry category-transport tag-african-development-bank tag-enterpriseam tag-health-ministry 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-01\"><\/a> <strong>At least 11 people were killed and 98 people injured<\/strong><strong> after a train de<\/strong><strong>railed <\/strong><strong>yesterday<\/strong><strong> in Qalyubia<\/strong>, the Health Ministry said in <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/361074808776471\">a statement<\/a>. The ministry had initially reported <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/360908408793111\">97 injuries and no deaths earlier<\/a> but revised the figure as the day progressed. The train conductor was among those who died, Health Ministry spokesperson <a href=\"https:\/\/bit.ly\/2QcRiCI\">Khaled Megahed said<\/a>. The injuries include<a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/360974758786476\">three critical cases<\/a>, with most of them suffering from broken bones, cuts and bruises; 14 people have already been discharged from hospitals.<\/p>\n<p><strong>What happened?<\/strong> Initial reports indicate that four carriages on the train, which was heading from Cairo to Mansoura, derailed at 1:45pm at the entrance of Sandahur station near Toukh in Qalyubia, the National Railways Authority said in a<a href=\"https:\/\/www.facebook.com\/presidency.affairs.ENR\/posts\/2754011471596243\">short note<\/a>. An investigation is underway to know the cause of the accident, the authority added.<\/p>\n<p><strong>It looks like another case of \u201chuman error,\u201d<\/strong> House Transport Committee Chairman Alaa Abed told Ala Mas\u2019ouleety\u2019s Ahmed Moussa. Abed suggested that railway employees will be subjected to more rigorous training and frequent tests for illicit substances (<a href=\"https:\/\/www.facebook.com\/watch\/?v=4226468060710105\">watch, runtime: 18:41<\/a>). El Hekaya\u2019s Amr Adib noted that human error <a href=\"https:\/\/www.facebook.com\/ppo.gov.eg\/posts\/3910996582341548\">was also to blame<\/a> in last week\u2019s train accident in Sharqia (<a href=\"https:\/\/www.youtube.com\/watch?v=j3v1-MSGcRk\">watch, runtime: 16:31<\/a>).<\/p>\n<p><strong>Everyone and their mother is investigating the crash:<\/strong> Official investigations are now underway to determine the cause of the accident, the authority said, while the Prosecutor General <a href=\"https:\/\/www.facebook.com\/ppo.gov.eg\/posts\/3914226665351873\">has opened<\/a> a criminal probe. Ten railway employees and officials were detained pending investigation, <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/409455\/Egypt\/Politics-\/UPDATE---Four-train-carriages-derail-in-Qalioubiya.aspx\">Ahram Online<\/a> reports. A separate committee bringing together members from the Administrative Control Authority, the Armed Forces Engineering Authority and the Military Technical College, as well as others from engineering faculties, will also conduct its own investigation under a directive from President Abdel Fattah El Sisi\u2019s directives, cabinet said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1909083165936706\/\">statement<\/a>. The House Transport Committee will summon the head of the National Railways Authority for questioning as part of its own investigation, Abed told Ahmed Moussa overnight (<a href=\"https:\/\/www.facebook.com\/watch\/?v=242685097607796\">watch, runtime<\/a><a href=\"https:\/\/www.facebook.com\/watch\/?v=242685097607796\">3:28<\/a>).<\/p>\n<p><strong>Don\u2019t expect parliament to summon Transport Minister Kamel El Wazir (or push for his <\/strong><strong>resignation)<\/strong>, which Abed told Kelma Akhira\u2019s Lamees El Hadidi would require proof that the minister committed gross negligence and is directly responsible for the accident. Abed rather quickly poured cold water on Lamees\u2019 calls for political accountability after several successive train accidents, saying that placing the blame at El Wazir\u2019s feet would just make the minister a \u201cscapegoat\u201d (<a href=\"https:\/\/www.facebook.com\/watch\/?v=365804751400520\">watch, runtime: 6:40<\/a>). Adib separately called for a solution that would prevent these incidents from happening again (<a href=\"https:\/\/www.youtube.com\/watch?v=X3X6ys5PFrA\">watch, runtime: 15:13<\/a>)<\/p>\n<p><strong>The latest in a series of train accidents:<\/strong> A similar <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b17747d-e332-42db-bb8f-9ccd91887aaa\">incident in Sharqia<\/a> took place last week, injuring 15 people but causing no deaths. There were no casualties in two other derailments \u2014 including on a train heading from Alexandria to Aswan on Saturday and another from a train on the Cairo-Aswan route \u2014 earlier this month, according to <a href=\"https:\/\/bit.ly\/3mYywLk\">Masrawy<\/a>. These came on the heels of last month\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a874cde4-8e1c-4b33-89a1-af63b9a2aa60\">train crash<\/a>, which killed at least 20 people and left 200 others injured in Sohag, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3809a015-6d61-4354-b4a9-a6998680c767\">sparking fresh outcry<\/a> over the state of the country\u2019s rail network. Following the Sohag crash, the African Development Bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7548e621-ce48-4252-81e4-5ee257fe7de1\">signed off<\/a> on a EUR 145 mn loan for the Egypt National Railways Modernization Project to finance railway upgrades.<\/p>\n<p><strong>Condolences are rolling in:<\/strong> <a href=\"https:\/\/twitter.com\/KSAMOFA\/status\/1383836604456861698?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\">Saudi Arabia<\/a> and <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1134999633686082\">Tunisia<\/a> each extended their condolences to the victims\u2019 families yesterday.<\/p>\n<p><strong>The train accident is getting wide coverage in foreign press this morning<\/strong>, with everyone from <a href=\"https:\/\/www.dw.com\/en\/egypt-train-accident-north-of-cairo-injures-nearly-100\/a-57244658\">Deutsche Welle<\/a> to <a href=\"https:\/\/www.reuters.com\/world\/africa\/several-people-hurt-after-train-derails-egypt-2021-04-18\/\">Reuters<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-18\/egypt-passenger-train-crash-kills-at-least-4-official-says?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\/african-development-bank\/\">African Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-ministry\/\">Health Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"561717\" 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=\"561717\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/ramadan-covid-go-hand-in-hand\/\">\r\n                            Ramadan + covid go hand in hand                        <\/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\/04\/19\/ramadan-covid-go-hand-in-hand\/\" 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\/04\/19\/ramadan-covid-go-hand-in-hand\/')\">\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\/04\/19\/ramadan-covid-go-hand-in-hand\/\">\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=Ramadan + covid go hand in hand&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/ramadan-covid-go-hand-in-hand\/\">\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\/04\/19\/ramadan-covid-go-hand-in-hand\/&title=Ramadan + covid go hand in hand\">\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=Ramadan+%2B+covid+go+hand+in+hand+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F19%2Framadan-covid-go-hand-in-hand%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\/04\/19\/ramadan-covid-go-hand-in-hand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561717\" class=\"content-area-description single-story post-561717 post type-post status-publish format-standard hentry category-covid-watch tag-abdel-fattah-el-sisi tag-covid-19 tag-enterpriseam tag-ramadan 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> Expect daily covid-19 infections to continue rising in Egypt through the end of <\/strong><strong>Ramadan<\/strong>, as the third wave has yet to hit its peak, House Health Committee head and former health minister Ashraf Hatem said, according to <a href=\"https:\/\/bit.ly\/3ansej9\">El Watan<\/a>. University hospitals are facing an influx of covid-19 patients but aren\u2019t facing any shortages in meds or equipment, Hatem <a href=\"https:\/\/bit.ly\/3x34JFU\">said<\/a>. Prime Minister Moustafa Madbouly and President Abdel Fattah El Sisi each issued warnings last month that Ramadan would likely see a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/89d08eb2-bd21-4da0-a4c0-b0ccacc82c26\">jump<\/a> in covid-19 cases.<\/p>\n<p><strong>Our vaccination program could get a leg up with additional funding and resources<\/strong> after the president ordered his government yesterday to provide the funding needed to ramp up imports and begin locally manufacturing covid-19 jabs, according to an Ittihadiya <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1134792640373448\">statement<\/a>. Procedures are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b0498c6-6edb-4239-8219-cf5e100e7f62\">currently \u201cunderway\u201d<\/a> to begin manufacturing China\u2019s Sinovac vaccine in Egypt through state-owned Vacsera, along with Pharco\u2019s BioGeneric Pharma and Eva Pharma, Health Minister Hala Zayed said at the end of last week.<\/p>\n<p><strong>Religious services will be suspended for three weeks at churches in Beni Suef and <\/strong>Bahnasa, including during the upcoming Holy Week (which includes Easter Sunday) due to concerns over covid-19, the Coptic Orthodox Diocese of Beni Suef said in a <a href=\"https:\/\/www.facebook.com\/bishopghabrial.banisuef\/photos\/a.1305093859508204\/6043501582334051\/\">statement<\/a>. The suspension of services, which came into effect last Saturday, bans limited masses held by priests and deacons.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/361190018764950\">reported<\/a><\/strong><strong> 850 new covid-19 infections yesterday<\/strong>, up from 845 the day before. Egypt has now disclosed a total of 216,334 confirmed cases of covid-19. The ministry also reported 44 new deaths, bringing the country\u2019s total death toll to 12,738.<\/p>\n<p><strong>AstraZeneca plans to have a modified version of its vaccine against the S<\/strong><strong>outh Africa covid-19 variant by the end of 2021<\/strong>, according to <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/astrazeneca-could-have-covid-19-vaccine-against-variant-by-end-2021-austrian-2021-04-18\/\">Reuters<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ramadan\/\">Ramadan<\/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=\"561718\" 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=\"561718\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/your-office-rent-wont-be-hit-with-vat\/\">\r\n                            Your office rent won\u2019t be hit with VAT                        <\/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\/04\/19\/your-office-rent-wont-be-hit-with-vat\/\" 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\/04\/19\/your-office-rent-wont-be-hit-with-vat\/')\">\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\/04\/19\/your-office-rent-wont-be-hit-with-vat\/\">\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=Your office rent won\u2019t be hit with VAT&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/your-office-rent-wont-be-hit-with-vat\/\">\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\/04\/19\/your-office-rent-wont-be-hit-with-vat\/&title=Your office rent won\u2019t be hit with VAT\">\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=Your+office+rent+won%E2%80%99t+be+hit+with+VAT+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F19%2Fyour-office-rent-wont-be-hit-with-vat%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\/04\/19\/your-office-rent-wont-be-hit-with-vat\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/184.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561719\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/your-office-rent-wont-be-hit-with-vat\/184-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/184.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"184.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/184.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/184.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561718\" class=\"content-area-description single-story post-561718 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-enterpriseam tag-legislation-watch tag-real-estate tag-tax tag-vat 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>Office + commercial spaces aren\u2019t going to be subject to 14% VAT:<\/strong> Proposed amendments to the VAT Act would impose a 1% schedule tax on the rent or purchase of commercial and administrative property \u2014 meaning your office or factory won\u2019t be subject to the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/976a0bd2-9def-4208-8eed-a9bcee2355be\">full 14% VAT<\/a> as was previously reported in the local press, the Tax Authority said in a <a href=\"https:\/\/www.mof.gov.eg\/ar\/posts\/media\/607c6d001518140009de25e5\/%D8%A8%D9%8A%D8%A7%D9%86%20%D9%85%D8%B5%D9%84%D8%AD%D8%A9%20%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8%20%D8%A8%D8%B4%D8%A3%D9%86%20%D8%A7%D9%84%D8%AA%D8%B9%D8%AF%D9%8A%D9%84%D8%A7%D8%AA%20%D8%A7%D9%84%D9%85%D9%82%D8%AA%D8%B1%D8%AD%D8%A9%20%D8%B9%D9%84%D9%89%20%D9%82%D8%A7%D9%86%D9%88%D9%86%20%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D8%A9%20%D8%B9%D9%84%D9%89%20%D8%A7%D9%84%D9%82%D9%8A%D9%85%D8%A9%20%D8%A7%D9%84%D9%85%D8%B6%D8%A7%D9%81%D8%A9%20%D8%A7%D9%84%D8%AA%D9%8A%20%D8%B3%D9%8A%D9%86%D8%A7%D9%82%D8%B4%D9%87%D8%A7%20%D9%85%D8%AC%D9%84%D8%B3%20%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8\">statement<\/a>. The authority\u2019s clarification came months after property developers were up in arms over reported plans to impose <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/417b3333-0685-4109-9149-c11de423bd39\">VAT on non-residential properties<\/a>, saying businesses are already suffering from the repercussions of the pandemic and will not be able to bear the additional costs.<\/p>\n<p><strong>We\u2019re still waiting for word on a sugar tax as well as taxes on advertising:<\/strong> The amendments, which earned <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/47ee5e24-b61f-4e40-b65b-14f6b59d2626\">sign-off from the cabinet\u2019s economic committee<\/a> in June, would replace the 5% schedule tax on crackers and sweet pastries with the standard 14% VAT rate, but industry giants are pushing back on the tax The amendments would also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b40b507-281a-45c7-932f-5e7f7446a40b\">subject most commercial advertising to the tax<\/a> but <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b40b507-281a-45c7-932f-5e7f7446a40b\">scrap the 20% stamp tax on ads<\/a> \u2014 and institute VAT drawbacks for tourists.<\/p>\n<p><strong>The timeline:<\/strong> The Tax Authority\u2019s statement yesterday didn\u2019t clarify where the bill currently stands, saying only that the House of Representatives will discuss it. The Finance Ministry has been holding public consultations on the proposed amendments with several industry players before shipping the bill to the House for discussion \u201cin a few weeks,\u201d House Planning and Budgeting Committee Undersecretary Mostafa Salem <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42fc9b4b-85f3-4dbd-b755-645616299106\">told us earlier this month<\/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\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vat\/\">VAT<\/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=\"561720\" 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=\"561720\">\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\">NATGAS TRANSITION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/more-natgas-vehicles-than-initially-planned\/\">\r\n                            More natgas vehicles than initially planned?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/more-natgas-vehicles-than-initially-planned\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/more-natgas-vehicles-than-initially-planned\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/more-natgas-vehicles-than-initially-planned\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=More natgas vehicles than initially planned?&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/more-natgas-vehicles-than-initially-planned\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/more-natgas-vehicles-than-initially-planned\/&title=More natgas vehicles than initially planned?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=More+natgas+vehicles+than+initially+planned%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F19%2Fmore-natgas-vehicles-than-initially-planned%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/more-natgas-vehicles-than-initially-planned\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/185.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561721\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/more-natgas-vehicles-than-initially-planned\/185-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/185.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"185.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/185.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/185.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561720\" class=\"content-area-description single-story post-561720 post type-post status-publish format-standard has-post-thumbnail hentry category-natgas-transition tag-automotive tag-enterpriseam tag-finance-ministry tag-natgas-transition tag-natgas-transition-scheme wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><strong> The government plans to convert 450k cars to run on natgas within three years<\/strong> under its natgas transition plan, Oil Ministry spokesperson Hamdy Abdel Aziz told eXtra News yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=IptiTDv3juI\">watch, runtime 5:13<\/a>). That includes the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a946047f-ec53-4300-942f-165509dbcc68\">250k figure<\/a> that was previously announced \u2014 which the Trade and Industry Ministry is handling \u2014 as well as another 200k the Oil Ministry plans to convert. It remains unclear whether the Oil Ministry\u2019s target is a new addition to the government\u2019s strategy, which aims to convert <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a946047f-ec53-4300-942f-165509dbcc68\">1.8 mn cars<\/a> over the course of a decade \u2014 a feat that is expected to cost some EGP 320 bn.<\/p>\n<p><strong>Background:<\/strong> The government delivered earlier this month the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a076d3b0-6087-4942-9c60-dca8228acccd\">first batch of dual-fuel vehicles<\/a>under the scheme to swap out old, gasoline-fueled cars. The strategy aims to get<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a946047f-ec53-4300-942f-165509dbcc68\">70k new natgas cars<\/a> on the road this year. The Finance Ministry is offering<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c569a8ad-4826-4eb2-92a1-f2f4bf44ff52\">financial incentives<\/a> for vehicle owners to take part in the scheme, and some EGP 16.2 bn is being made available by the government to provide subsidized loans through local banks. Some 68k people applied to convert their vehicles to run on natural gas as of early April.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/natgas-transition\/\">NATGAS TRANSITION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/natgas-transition-scheme\/\">natgas transition scheme<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561722\" 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=\"561722\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/ethiopia-isnt-budging\/\">\r\n                            Ethiopia isn\u2019t budging                        <\/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\/04\/19\/ethiopia-isnt-budging\/\" 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\/04\/19\/ethiopia-isnt-budging\/')\">\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\/04\/19\/ethiopia-isnt-budging\/\">\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=Ethiopia isn\u2019t budging&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/ethiopia-isnt-budging\/\">\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\/04\/19\/ethiopia-isnt-budging\/&title=Ethiopia isn\u2019t budging\">\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=Ethiopia+isn%E2%80%99t+budging+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F19%2Fethiopia-isnt-budging%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\/04\/19\/ethiopia-isnt-budging\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/186.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561723\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/ethiopia-isnt-budging\/186-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/186.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"186.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/186.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/186.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561722\" class=\"content-area-description single-story post-561722 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam tag-ethiopia tag-gerd tag-greece tag-mohamed-abdel-aty tag-nikos-dendias tag-sameh-shoukry tag-sudan tag-un 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>Ethiopia is showing no plans of backing down from its plans to start the second phase of filling the <\/strong><strong>Grand Ethiopian Renaissance Dam\u2019s (GERD) reservoir<\/strong> in the upcoming rainy season this July or August, with Ethiopian Prime Minister Abiy Ahmed holding firm in a<a href=\"https:\/\/www.facebook.com\/PMAbiyAhmedAli\/posts\/511149410299727\">statement<\/a> yesterday. Ethiopia will release water it stored during last year\u2019s first filling through some newly-built spillways and claims it will share information on the dam\u2019s filling and operation with downstream countries Egypt and Sudan, Ahmed added.<\/p>\n<p><strong>Whatever Ahmed is selling, Sudan and Egypt really aren\u2019t buying:<\/strong> Sudan has reportedly already sent a letter to the United Nations Security Council asking that the council back Khartoum\u2019s calls to bring international mediators into the stalled GERD talks between Egypt, Ethiopia, and Sudan, according to <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/409452\/Egypt\/Politics-\/Sudan-seeks-Security-Council-support-in-reaching-c.aspx\">Ahram Online<\/a>. Egyptian Foreign Minister Sameh Shoukry had also penned his own letters to the council and the UN General Assembly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8d22435-a990-4aee-b7e4-8c02e204d08a\">last week<\/a>. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fed1a86a-7b61-41be-828c-d1a714e4de03\">Shoukry<\/a> and Sudanese Prime Minister <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1784e8b5-2524-4c10-ac43-dffadc002e66\">Abdalla Hamdok<\/a> each signaled independently that they could take the GERD issue to the Security Council if talks continue to fail.<\/p>\n<p><strong>Aside from population growth and climate change, GERD poses the biggest risk to <\/strong><strong>Egypt\u2019s water security<\/strong>, Irrigation Minister Mohamed Abdel Aty stressed in a meeting with the Senate\u2019s Defense and National Security Committee to discuss the negotiations, according to <a href=\"https:\/\/www.facebook.com\/mwrifb\/posts\/5357861744288316?__cft__[0]=AZWD_LcQuwlyCKQChMjUFSI05VNjt96dY9baBc_li6pQF1zdn41Z9H3cN-wlPUl7ogLRazyFxUjFezAEvQlm1t2Od7VGohv_OHoHGFYQya_Cu3HPxhEbBN9f0e581t4sUtEUcO4YHTZPd3EfoHOX6MeTzLIMQz70jrND6jjQs5ZIRg&__tn__=%2CO%2CP-R\">a statement<\/a>. In the past 10 years of talks with Ethiopia and Sudan over the dam, Egypt proposed 15 alternative scenarios for the dam\u2019s filling and operation that would fulfil Ethiopia\u2019s goals from the dam without causing harm to its downstream neighbors, but Addis Ababa shot down all of these scenarios, the minister said.<\/p>\n<p><strong>Meanwhile, Egypt\u2019s diplomatic blitz on GERD shows no signs of slowing down:<\/strong> Shoukry is heading on a tour of six African countries to discuss the negotiations and keep leaders in the continent abreast of the latest developments, according to a <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5485053518233216\">Foreign Ministry statement<\/a>. The tour will take Shoukry to Kenya, Comoros, South Africa, the Democratic Republic of Congo, Senegal, and Tunisia. The minister and President Abdel Fattah El Sisi have been rallying international support for Egypt\u2019s position on the GERD impasse for the past several months.<\/p>\n<p><strong>Case in point: The GERD dispute and Libya topped the agenda for Shoukry and <\/strong><strong>his Greek counterpart Nikos Dendias during a meeting yesterday<\/strong>, according to a ministry <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5483792941692607\">statement<\/a>. Both sides also discussed bilateral cooperation on all levels as well as issues of mutual interest including the latest developments in the Eastern Mediterranean. Dendias\u2019 visit came a few days after reconciliation talks between Greece and Turkey <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1bc1b6ef-ad22-4075-b3fd-9145b454393c\">kicked off (and stumbled) last week<\/a>.<\/p>\n<p><strong>Background:<\/strong> The latest round of talks in Kinshasa <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fed1a86a-7b61-41be-828c-d1a714e4de03\">earlier this month<\/a> ended in yet another stalemate as the three countries failed to agree on a path forward for new talks. Hamdok urged the three countries\u2019 prime ministers to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8d22435-a990-4aee-b7e4-8c02e204d08a\">hold their own summit<\/a> this week in an attempt to resolve the impasse. Cairo and Addis Ababa have yet to RSVP.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-abdel-aty\/\">Mohamed Abdel Aty<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nikos-dendias\/\">Nikos Dendias<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/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=\"561724\" 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=\"561724\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/trade-deficit-remains-flat-1q2021\/\">\r\n                            Trade deficit remains flat 1Q2021                        <\/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\/04\/19\/trade-deficit-remains-flat-1q2021\/\" 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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The slim drop in the deficit came as non-oil exports rose 6% y-o-y to USD 7.44 bn in 1Q2021 despite the impact of covid-19 on global trade, while imports increased 2% y-o-y to USD 16.99 bn.<\/p>\n<p><strong>Chemicals and fertilizers accounted for the lion\u2019s share of our exports<\/strong>, clocking in at USD 1.53 bn during the quarter, followed by construction materials (USD 1.35 bn) and food industries (USD 965 mn), head of the General Organization for Import and Export Control Ismail Gaber said in a separate <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/3871977019537737\">statement<\/a>.<\/p>\n<p><strong>Our biggest export markets:<\/strong> Turkey, the US, Saudi Arabia, Italy, and Malta, which together received nearly 31% of our exports during the first three months of the year, worth a combined USD 2.28 bn.<\/p>\n<p><strong>What about the CBE figures?<\/strong> Central Bank of Egypt (CBE) data on Egypt\u2019s trade balance performance don\u2019t line up with the figures from the Trade and Industry Ministry, which is a normal discrepancy because of how the two bodies calculate imports and exports, ministry spokesperson Yasser Gaber told Enterprise. According to Gaber, the ministry\u2019s data is based on activity at Egypt\u2019s ports, while the CBE relies on bank transfers. However, not all import and export payments are processed through bank transfers, Gaber noted.<\/p>\n<p><strong>Background:<\/strong> CBE figures released <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b7042bbd-cedd-44cb-aefb-6ea18b372cd4\">last week<\/a> indicated that a rise in non-oil imports drove Egypt\u2019s trade deficit to widen 6.6% in 1H2020-2021. Exports grew slightly during the first six months of the fiscal year by USD 131.5 mn y-o-y to record USD 9.3 bn. In 2020, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b507d3d6-14a1-44c2-a2f5-4a26ea97e66f\">non-oil trade deficit<\/a> narrowed 17% y-o-y due to lower imports.<\/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\/economy\/\">economy<\/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=\"561726\" 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=\"561726\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/561726\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561726\" class=\"content-area-description single-story post-561726 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-Estate3-1600px.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=\"561727\" 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=\"561727\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/last-nights-talk-shows-on-19-april-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 19 April 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\/04\/19\/last-nights-talk-shows-on-19-april-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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The ministry is running trial exams in April, May, and June to test out the online system and students\u2019 tablets ahead of the final exams slated for 3 July. Alternative options, including administering the exams on servers that don\u2019t require an internet connection, are also on the table, the minister said (<a href=\"https:\/\/www.youtube.com\/watch?v=BThAyHTNnmY\">watch, runtime 7:36<\/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\/education-ministry\/\">Education Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-shawki\/\">Tarek Shawki<\/a>\n                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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 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Egypt this morning is focused squarely on the Qalyubia train <\/strong><strong>crash<\/strong>, which we cover in the news well, above.<\/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=\"561730\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561731\" 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=\"561731\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/also-on-our-radar-on-19-april-2021\/\">\r\n                            Also on our Radar on 19 April 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\/04\/19\/also-on-our-radar-on-19-april-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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                   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\/04\/19\/also-on-our-radar-on-19-april-2021\/&title=Also on our Radar on 19 April 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+19+April+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F19%2Falso-on-our-radar-on-19-april-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\/04\/19\/also-on-our-radar-on-19-april-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561731\" class=\"content-area-description single-story post-561731 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-egyptair tag-enterpriseam tag-local-development-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Some 30k MSMEs are up for a combined EGP 200 mn in government financing <\/strong><strong>within five years<\/strong> through the Local Development Ministry's Local Development Fund, Minister Mahmoud Shaarawy said in a <a href=\"https:\/\/www.facebook.com\/MOLD.eg\/posts\/1201178817004492\">statement<\/a>. The fund has doled out north of EGP 48 mn in loans to 5,449 projects between September 2019 and February 2021, with women-led businesses accounting for 69% of the pot. The ministry is currently mulling cutting the interest rate on its loans for women breadwinners in rural areas to 4% instead of the current 6%, as well as offering loans at a 5% interest rate for drip irrigation projects.<\/p>\n<p><strong>ALSO THIS MORNING: EgyptAir<\/strong> has <a href=\"https:\/\/www.facebook.com\/moca123\/posts\/5214480625288918\">signed an MoU<\/a> with <strong>Sudan Airways <\/strong>to provide training and advisory as Sudanese authorities look to modernize their aircraft fleet.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptair\/\">EgyptAir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/local-development-ministry\/\">Local Development Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561732\" 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=\"561732\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/what-the-markets-are-doing-on-19-april-2021\/\">\r\n                            What the markets are doing on 19 April 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\/04\/19\/what-the-markets-are-doing-on-19-april-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\/04\/19\/what-the-markets-are-doing-on-19-april-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\/04\/19\/what-the-markets-are-doing-on-19-april-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What the markets are doing on 19 April 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/what-the-markets-are-doing-on-19-april-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\/04\/19\/what-the-markets-are-doing-on-19-april-2021\/&title=What the markets are doing on 19 April 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+the+markets+are+doing+on+19+April+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F19%2Fwhat-the-markets-are-doing-on-19-april-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\/04\/19\/what-the-markets-are-doing-on-19-april-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561732\" class=\"content-area-description single-story post-561732 post type-post status-publish format-standard hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a><strong> Social audio app Clubhouse locked down an unspecified investment in a series C <\/strong><strong>funding round<\/strong>, bringing the company\u2019s value to USD 4 bn, <a href=\"https:\/\/www.reuters.com\/technology\/clubhouse-closes-new-round-funding-that-would-value-app-4-billion-source-2021-04-18\/\">Reuters<\/a> reports, citing a source with knowledge of the matter. The funding round was led by Silicon Valley-based VC firm Andreessen Horowitz General Partner Andrew Chen, along with other \u201cmajor investors.\u201d Twitter had reportedly been mulling acquiring Clubhouse earlier this month before <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9786a2d6-f62b-4635-b070-65c73718dbbb\">calling off the talks<\/a>.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,358<\/p>\n<\/td>\n<td>\n<p>+2.1% (YTD: -4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.63<\/p>\n<\/td>\n<td>\n<p>Sell 15.73<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.63<\/p>\n<\/td>\n<td>\n<p>Sell 15.73<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>10,049<\/p>\n<\/td>\n<td>\n<p>+0.6% (YTD: +15.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>6,124<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +21.4%)<\/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>2,636<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +5.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,186<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +11.4%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,020<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: +8.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 66.27<\/p>\n<\/td>\n<td>\n<p>-0.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.72<\/p>\n<\/td>\n<td>\n<p>+1.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,775.20<\/p>\n<\/td>\n<td>\n<p>-0.3%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 57,006.54<\/p>\n<\/td>\n<td>\n<p>-4.72%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 rose 2.1% yesterday<\/strong> on crazily anemic turnover of EGP 460 mn (65.9% below the 90-day average). Local investors were net sellers. The index is down 4.5% YTD. The extent to which we now lag our regional peers (Tadawul, ADX, DFM, above) in YTD performance is shocking.<\/p><p><strong>In the green: <\/strong>GB Auto (+6.5%), CIB (+3.4%) and MM Group (+3.3%).<\/p><p><strong>In the red: <\/strong>CI Capital (-1.8%) and Export Development Bank (-0.3%).<\/p><p><strong>Asian markets opened strongly in the green this morning<\/strong>, but futures point to a mixed open on Wall Street this afternoon, with the Down and S&amp;P set to open in the red while the tech-heavy Nasdaq is in the green. Shares in Toronto and major European indexes are all set to open in the green.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561733\" 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=\"561733\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/around-the-world-on-19-april-2021\/\">\r\n                            Around the world on 19 April 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\/04\/19\/around-the-world-on-19-april-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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The meetings come as Washington, which has been distancing itself from Saudi Arabia, pressured the kingdom to end its military campaign against Houthi rebels and rejoin Iran\u2019s 2015 nuclear agreement. The two sides are scheduled to meet again next week, although Saudi officials have denied engaging in negotiations with Iran.<\/p>\n<p><strong>Also worth knowing this morning:<\/strong><\/p>\n<ul>\n<li><strong>Syrians will head to the polls on 26 May in a presidential election <\/strong>that is widely expected to keep President Bashar Al Assad in power for a third term, with nominations for the election set to close in 11 days, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/syria-hold-presidential-election-slammed-by-opposition-may-26-2021-04-18\/\">Reuters<\/a>reported.<\/li>\n<li><strong>Israel and Greece signed their largest-ever defense procurement <\/strong><strong>agreement<\/strong> which will see an Israeli defense electronics company operate a training center for the Hellenic Air Force in a USD 1.65 bn contract, the Israeli Defense Ministry said in <a href=\"https:\/\/twitter.com\/Israel_MOD\/status\/1383672786133028869\">a statement<\/a> yesterday.<\/li>\n<li><strong>US President Joe Biden is planning to lift his predecessor\u2019s historically <\/strong><strong>low cap on refugee admissions<\/strong>, pledging to go beyond his own previously announced limit and a policy to \u201cregulate\u201d the process, after facing blowback from lawmakers and aid groups, <a href=\"https:\/\/www.reuters.com\/world\/americas\/biden-says-he-will-raise-us-cap-refugee-admissions-2021-04-17\/\">Reuters<\/a> reports. A \u201cfinal, increased\u201d cap for the rest of the fiscal year will be set on 15 May, White House Press Secretary Jen Psaki said.<\/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\/2015-nuclear-agreement\/\">2015 nuclear agreement<\/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\/bashar-al-assad\/\">Bashar Al Assad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/syria\/\">Syria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"561734\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">12<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/egyptian-university-entrepreneurship-programs-what-are-they-getting-right\/\">\r\n                            Egyptian university entrepreneurship programs: What are they getting right?<\/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\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/189.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"189.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/189.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/189.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-561734\" class=\"content-area-description post-561734 blackboard type-blackboard status-publish has-post-thumbnail hentry tag-aastmt-entrepreneurship-center tag-artificial-intelligence-minds tag-bue-business-incubator tag-education tag-enterprise-blackboard tag-enterpriseam tag-estedama tag-feps-bi tag-hemma-business-incubator tag-ihub tag-nilepreneurs tag-np-incubate tag-nu-techspace tag-rwaq-business-incubator tag-startup-incubators tag-v-lab 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>Egyptian university entrepreneurship programs Part 2: What are they getting right?<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a2a7ab3-2a41-46bf-9063-d0c24483aec2\">Last<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a2a7ab3-2a41-46bf-9063-d0c24483aec2\">week<\/a>, we looked at how universities play a vital role in Egypt\u2019s growing entrepreneurship scene, providing concrete skills for students to start their own businesses. University entrepreneurship programs offer services ranging from informal drop-in advice to tailored acceleration programs, and broader awareness-raising to reach a wider audience.<\/p>\n<p><strong>We asked the experts:<\/strong> We polled startup program leaders, entrepreneurs and VCs on the biggest strengths of university entrepreneurship programs and where they still see room for improvement. Today, we\u2019re looking at what they tell us these programs do well, particularly in early-stage awareness-raising, access to resources and sector-specific knowledge, mentorship and helping students develop skills with market applicability.<\/p>\n<p><strong>Being sector-specific, aligned with university expertise: <\/strong>The best university startup programs complement the universities\u2019 own specialized experience, says founding director of <a href=\"https:\/\/business.aucegypt.edu\/centers\/vlab\">AUC\u2019s<\/a><strong><a href=\"https:\/\/business.aucegypt.edu\/centers\/vlab\"><\/a><\/strong><a href=\"https:\/\/business.aucegypt.edu\/centers\/vlab\">V-Lab<\/a> Ayman Ismail. \u201cCreating programs aligned with what\u2019s happening at the university is extremely important, so they benefit from and provide benefit to the university.\u201d The <a href=\"http:\/\/www.aast.edu\/en\/centers\/Entrepreneurship\/index.php\">Arab Academy\u2019s<\/a> startup incubator program focuses on logistics, while the <a href=\"https:\/\/www.hu.edu.eg\/research\/ecsi\/\">Heliopolis University program<\/a> focuses on sustainability. <a href=\"http:\/\/ihub.asu.edu.eg\/\">iHub<\/a> was initially focused on engineering innovations in the Ain Shams School of Engineering.<\/p>\n<p><strong>Fostering connections and scaling:<\/strong> By replicating successful models in different locations, or sharing experiences that other programs can adapt, more students can benefit from university startup program services. iHub now serves 26 universities from 44 locations, with over 97k beneficiaries, says founder Maged Ghoneima. \u201cWe scaled from Ain Shams across other universities. I\u2019ve recently created a new advisory committee with eight other university entrepreneurship program leaders, to plan more interventions and replicate our success.\u201d<\/p>\n<p><strong>Early-stage entrepreneurship awareness-raising: <\/strong>Sparking an interest in entrepreneurship among students who\u2019ve never been exposed to it before is probably the biggest service university entrepreneurship programs offer, say multiple sources. iHub, Cairo University\u2019s FEPS BI, <a href=\"https:\/\/www.facebook.com\/HemmaAssiut\/?ref=page_internal\">Assiut University\u2019s Hemma<\/a>, and <a href=\"https:\/\/np.eg\/en\/\">Nile University\u2019s Nilepreneurs<\/a> have all done well informally engaging students inside their universities through meetups, info sessions, webinars, seminars, and film nights, says Ghoneima. V-Lab spreads awareness about entrepreneurship to AUC students, says <a href=\"https:\/\/falakstartups.com\/\">Falak Startups<\/a> Managing Director Youssef ElSammaa. \u201cThis awareness wasn\u2019t there when I was at university,\u201d he said. V-Lab works with many non-student entrepreneurs, giving AUC students valuable startup exposure, he adds.<\/p>\n<p><strong>More formal entrepreneurship courses let students dip their toes in the water: <\/strong>Elective courses at Cairo and Ain Shams universities have done this well, says Ghoneima. Nile University and BUE\u2019s undergraduate courses in entrepreneurship (taken as business minors) encourage students to start their own small businesses \u2014 even if they don\u2019t continue after graduation, <a href=\"https:\/\/np.eg\/en\/\">Nilepreneurs<\/a> founder Nezar Sami tells Enterprise.<\/p>\n<p><strong>Connecting industry mentors with students<\/strong>: Technical and business mentorship is a key component of most university startup incubator programs, says Sami. Having industry mentors \u2014 particularly CEOs and COOs \u2014 enhances program credibility for students, he adds. FEPS BI has very good mentors, including graduates and alumni, says one expert.<\/p>\n<p><strong>Holding competitions where students apply skills to real-life challenges: <\/strong>University programs excel in holding competitions that require creative thinking and problem solving \u2014 from <a href=\"http:\/\/ihub.asu.edu.eg\/evr.html\">iHub\u2019s Electric Vehicle Rally (EVER)<\/a> to the <a href=\"https:\/\/www.aast.edu\/en\/centers\/Entrepreneurship\/index.php\">AASTMT Entrepreneurship Center\u2019s<\/a> <a href=\"https:\/\/www.aast.edu\/en\/centers\/Entrepreneurship\/contenttemp.php?page_id=48200093\">Rally Startup Competition<\/a>, FEPS BI executive director Heba Zaki tells Enterprise.<\/p>\n<p><strong>Focusing on ready-to-market ideas: <\/strong>Programs built around market needs, rather than student interests, create startups that are more likely to survive, says Sami. FEPS BI has just launched its Sustainable Innovation Lab program, focused on creating startups aligned with the Sustainable Development Goals, says Zaki. V-Lab, meanwhile, is now targeting more mature entrepreneurs and pushing for commercial value, says Ismail. \u201cThe average age has increased. Most of our entrepreneurs are now in their early-mid 30s. We\u2019re launching programs that produce companies that can go to market, and bringing investments with a decent degree of success.\u201d<\/p>\n<p><strong>Creating a clear, in-program link with the job market:<\/strong> FEPS BI\u2019s recently-launched Student Consultancy Program sends talented university students to startups and NGOs to work where there\u2019s no in-house capacity, says Zaki. This hands-on practical experience is highly beneficial, she says. FEPS BI also runs the <a href=\"https:\/\/web.facebook.com\/FEPSBI\/posts\/776396652551599\/\">Nielsen Technology & Operations Academy<\/a>, a nine-month program where Cairo University students are trained in market research, before the highest-ranked are offered jobs at <a href=\"https:\/\/www.nielsen.com\/qa\/en\/\">Nielsen<\/a>.<\/p>\n<p><strong>Universities are natural environments to foster early startup growth, because of the resources they can leverage.<\/strong> Generally, universities have access to space, equipment, labs, manufacturing workshops, and expert academic knowledge, says Ghoneima. They\u2019re great environments for testing, validating, and prototyping ideas to address particular issues, he says.<\/p>\n<p><strong>The goal of most university programs? To build an early-stage pipeline of entrepreneurs:<\/strong> There are six key stages in a startup\u2019s development, says Ghoneima:<\/p>\n<ul>\n<li>Ideation and looking for problems to solve.<\/li>\n<li>Creating teams, and transforming ideas into proof of concept.<\/li>\n<li>Product development.<\/li>\n<li>Acceleration.<\/li>\n<li>Looking for angel investment, and scaling across market sectors and locations.<\/li>\n<li>Maturity, making sure the startups have proper market share, and seeking acquisition.<\/li>\n<\/ul>\n<p><strong>\u201cGenerally, university startup programs target the first two stages,<\/strong>\u201d says Ghoneima. \u201cThey have access to youth and can transform their mindsets through education.\u201d<\/p>\n<p><strong>A rich pipeline is essential, because startups are high-risk \u2014 and most will fail: <\/strong>A certain amount of failure is simply part of the entrepreneurship model, say sources, which is why building a strong pipeline is vital. \u201cEntrepreneurship is high-risk, and this means there\u2019s the risk of failure,\u201d says Ismail. \u201cAs an investor, you have to know that ultimately if you invest in 10 startups, 8 of them may fail and you hope a few will do well.\u201d<\/p>\n<p><strong>But could programs be doing even more?<\/strong> Despite these successes, our insiders tell us that there are things universities get wrong or could stand to do better in. These include fostering deeper connections with the broader entrepreneurship ecosystem, and offering young entrepreneurs more training on governance and leadership. We explore these and more in detail next week.<\/p>\n<p><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Investment:<\/strong> CIB and Colliers International <a href=\"https:\/\/bit.ly\/3uFg6BQ\">will conduct<\/a> a feasibility study on building Tatweer Misr's educational zone in its EGP 3.2 bn real estate project in East Cairo's Mostakbal City.<\/li>\n<li><strong>Digital education:<\/strong> German development agency GIZ and Orange have <a href=\"https:\/\/ent.news\/2021\/4\/Orange-ENG-PRL.docx.pdf\">partnered<\/a><a href=\"https:\/\/ent.news\/2021\/4\/Orange-ENG-PRL.docx.pdf\">(pdf)<\/a> to provide digital education training through the development of a training hub, called \"Orange Digital Center.\"<\/li>\n<li><strong>New exam format:<\/strong> The Senate is meeting today to discuss legislative amendments that would change how Thanaweya Amma exams are set up, including a proposal to cover three years instead of one with each exam.<\/li>\n<li><strong>Tech learning:<\/strong> The Arab Academy for Science, Technology and Maritime Transport tech investment arm and cybersecurity provider Logix will<a href=\"https:\/\/www.zawya.com\/mena\/en\/press-releases\/story\/ACICT_partners_with_Logix_to_build_the_largest_smart_and_secure_learning_platform_in_Egypt-ZAWYA20210411095246\/\">launch<\/a> a learning platform that aims to be the largest of its kind in the region.<\/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\/aastmt-entrepreneurship-center\/\">AASTMT Entrepreneurship Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/artificial-intelligence-minds\/\">Artificial Intelligence Minds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bue-business-incubator\/\">BUE business incubator<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/estedama\/\">ESTEDAMA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/feps-bi\/\">FEPS BI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hemma-business-incubator\/\">Hemma Business Incubator<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ihub\/\">iHub<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nilepreneurs\/\">NilePreneurs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/np-incubate\/\">NP Incubate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nu-techspace\/\">NU Techspace<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rwaq-business-incubator\/\">RWAQ Business Incubator<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-incubators\/\">startup incubators<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/v-lab\/\">V-Lab<\/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=\"561736\" 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\/04\/19\/your-essential-business-calendar-on-19-april\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561736\" class=\"content-area-description single-story post-561736 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>April: The government\u2019s fuel pricing committee is scheduled to meet for its quarterly review of prices.<\/p>\n<p>April: EBRD president Odile Renaud-Basso expected to visit Egypt.<\/p>\n<p>20-22 April (Tuesday-Thursday): Renaissance Capital\u2019s conference RenCap ESG \u2013 a New Focus for EM will take place virtually.<\/p>\n<p>25 April (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC \u2014 the holiday could be observed on a Sunday or a Thursday).<\/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>16-19 May (Sunday-Wednesday): The Arabian Travel Market (ATM) is taking place in Dubai. ATM is an international travel and tourism event to promote the Middle East as a tourist destination.<\/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): Egypt Petroleum Show, 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 (Turnkey Expo), 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): The Big 5 Construct Egypt, 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 will suffer a host of penalties, 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>12-15 September (Sunday-Wednesday): Sahara Expo: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/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): Egypt Projects 2021 expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-8 October (Thursday-Friday): The 54th session of the Cairo International Fair, Cairo International Conference Center, Cairo, Egypt.<\/p>\n<p>1 October (Friday): Expo 2020 Dubai 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>12-14 October (Tuesday-Thursday) Mediterranean Offshore Conference, Alexandria, Egypt<\/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>1-3 November (Monday-Wednesday): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>29 November-2 December (Monday-Thursday): Egypt Defense Expo<\/p>\n<p>13-17 December: United Nations Convention against Corruption, 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>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>Note to readers: 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":561712,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-561711","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3185d37f-c30d-4c60-b149-51a40088ff1d","teaser":"","photo_url":"https:\/\/ent.news\/2021\/4\/182.png"},"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>Rail safety is in the spotlight after yet another accident leaves 11 dead, nearly 100 injured - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/rail-safety-is-in-the-spotlight-after-yet-another-accident-leaves-11-dead-nearly-100-injured\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rail safety is in the spotlight after yet another accident leaves 11 dead, nearly 100 injured\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/rail-safety-is-in-the-spotlight-after-yet-another-accident-leaves-11-dead-nearly-100-injured\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T03:25:21+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/182.png?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/rail-safety-is-in-the-spotlight-after-yet-another-accident-leaves-11-dead-nearly-100-injured\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/rail-safety-is-in-the-spotlight-after-yet-another-accident-leaves-11-dead-nearly-100-injured\/\",\"name\":\"Rail safety is in the spotlight after yet another accident leaves 11 dead, nearly 100 injured - 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