{"id":561747,"date":"2021-04-20T04:10:56","date_gmt":"2021-04-20T04:10:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=561747"},"modified":"2025-12-16T03:26:12","modified_gmt":"2025-12-16T03:26:12","slug":"egypt-is-one-of-three-mena-economies-that-will-see-gdp-growth-return-to-pre-covid-levels-in-2021-fitch","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-is-one-of-three-mena-economies-that-will-see-gdp-growth-return-to-pre-covid-levels-in-2021-fitch\/","title":{"rendered":"Egypt is one of three MENA economies that will see GDP growth return to pre-covid levels in 2021 -Fitch"},"content":{"rendered":"<section id=\"561749\" 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=\"561749\">\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\/20\/this-morning-european-investment-bank-faces-reckoning-over-allegations-of-toxic-workplace-em-green-bond-issuances-look-set-to-double-by-2023\/\">\r\n                            THIS MORNING: European Investment Bank faces reckoning over allegations of toxic workplace + EM green bond issuances look set to double by 2023                        <\/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\/20\/this-morning-european-investment-bank-faces-reckoning-over-allegations-of-toxic-workplace-em-green-bond-issuances-look-set-to-double-by-2023\/\" 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\/20\/this-morning-european-investment-bank-faces-reckoning-over-allegations-of-toxic-workplace-em-green-bond-issuances-look-set-to-double-by-2023\/')\">\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\/20\/this-morning-european-investment-bank-faces-reckoning-over-allegations-of-toxic-workplace-em-green-bond-issuances-look-set-to-double-by-2023\/\">\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: European Investment Bank faces reckoning over allegations of toxic workplace + EM green bond issuances look set to double by 2023&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/this-morning-european-investment-bank-faces-reckoning-over-allegations-of-toxic-workplace-em-green-bond-issuances-look-set-to-double-by-2023\/\">\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\/20\/this-morning-european-investment-bank-faces-reckoning-over-allegations-of-toxic-workplace-em-green-bond-issuances-look-set-to-double-by-2023\/&title=THIS MORNING: European Investment Bank faces reckoning over allegations of toxic workplace + EM green bond issuances look set to double by 2023\">\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+European+Investment+Bank+faces+reckoning+over+allegations+of+toxic+workplace+%2B+EM+green+bond+issuances+look+set+to+double+by+2023+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Fthis-morning-european-investment-bank-faces-reckoning-over-allegations-of-toxic-workplace-em-green-bond-issuances-look-set-to-double-by-2023%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\/20\/this-morning-european-investment-bank-faces-reckoning-over-allegations-of-toxic-workplace-em-green-bond-issuances-look-set-to-double-by-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561749\" class=\"content-area-description single-story post-561749 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-european-investment-bank tag-interior-ministry tag-jp-morgan tag-north-sinai tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, everyone<\/strong>, and welcome to day eight of Ramadan. We have yet to hear from the Central Bank of Egypt and the EGX on what to expect this weekend, but it looks likely that we\u2019re heading into a three-day break in observance of Sinai Liberation Day on Sunday, 25 April.<\/p>\n<p><strong>The heatwave we\u2019ve been suffering through will finally taper off today<\/strong>, with temperatures peaking at 33\u00b0C this afternoon before cooling off to a beautiful 17\u00b0C in the evening, according to <a href=\"https:\/\/www.facebook.com\/ema.gov.eg\/posts\/4252456298122366\">the Egyptian Meteorological Authority<\/a>. We\u2019re also in for a good weekend, with the cooler weather continuing until Sunday. Look for daytime highs in the low 30s Wednesday through Saturday.<\/p>\n<p><strong>iSheep, keep your eyes on Apple\u2019s virtual event today: <\/strong>Pundits think the iPhone maker will unveil AirTags and a new iPad Pro 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>\n<p><strong>***CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>Banking sector growth: <\/strong>Egypt\u2019s banking sector looks set to be the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/252943f0-fccf-44d4-86dc-6b3dcad47a8f\">second fastest growing<\/a> in the region, says EFG Hermes in its 1Q earnings forecast.<\/li>\n<li><strong>AI tax system: <\/strong>State owned e-tax will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a2bde6b-3a3d-4552-9434-0dce57bc169b\">work with Microsoft<\/a> to develop AI-powered electronic tax systems.<\/li>\n<li><strong>More finance sources for margin traders:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a2bde6b-3a3d-4552-9434-0dce57bc169b\">Fund managers<\/a> are the latest to receive the go ahead from the FRA to finance EGX trading.<\/li>\n<\/ul>\n<p><strong>** So, when do we eat?<\/strong> We\u2019ll be able to break our fast this evening at 6:25pm, and you\u2019ll have until 3:50am to finish up sohour. <strong>It\u2019s day number eight of Ramadan.<\/strong><\/p>\n<p><strong>MORNING MUST READ- The European Investment Bank (EIB) is being called out on <\/strong><strong>alleged harassment <\/strong><strong>and fear tactics following the second suicide on its premises in seven years<\/strong>, reports <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2021-04-19\/european-investment-bank-haunted-by-harassment-allegations-second-suicide\">Bloomberg<\/a>. Staff members had previously approached management about mental health issues, and two psychologists hired by the bank to counsel employees in 2016 had warned of \u201csuicidal risk\u201d among staff. EIB denied there is a direct link between the suicides and allegations of endemic psychological abuse in the workplace. The international lender\u2019s responses to Bloomberg focusing instead on its efforts to improve gender equality and management procedures.<\/p>\n<p><strong>The local angle: EIB has worked with Egypt since 1979<\/strong> and has focused its work here on \u201cfinancing key water, sanitation and transport infrastructure [including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/477fe50f-daf8-4e19-8ee7-5cd6aef401a2\">finance<\/a> for the Cairo Metro and other rail infrastructure] and by enhancing access to finance for SMEs,\u201d <a href=\"https:\/\/www.eib.org\/en\/projects\/regions\/med\/egypt\/index.htm\">it says<\/a>. EIB is also a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0db0ac2c-16e7-4602-80e6-4b7a8cd12f22\">limited partner<\/a> of SME-focused private equity firm Ezdehar.<\/p>\n<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<\/p><\/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    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>MARKET WATCH- Green bond issuances in emerging markets are expected to more than <\/strong><strong>double to <\/strong><strong>north of USD 100 bn by 2023<\/strong> despite lagging sales in regions with climate risks, such as Sub-Saharan Africa, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-19\/emerging-market-green-debt-sales-to-soar-to-100-billion-by-2023?sref=mmeFTDW1\">Bloomberg<\/a> reports. China currently leads the segment, while Europe accounts for the world\u2019s total green bond market \u2014 which is now worth USD 1 tn \u2014 but Egypt and Indonesia have sold green bonds, the business information service notes. Last September, Egypt took to market a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d1b54d5-5efa-41c9-ac8b-728b105b2ef0\">USD 750 mn maiden sovereign green bond<\/a>issuance that almost 5x oversubscribed after attracting some USD 3.8 bn in bids for the bonds and is planning <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e0e31922-4f76-4856-a3d1-6cd562a59fd1\">another issuance<\/a> in FY2021-2022.<\/p>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p>World leaders from 40 countries will descend on the United States this Thursday for a <strong>summit on climate<\/strong> change hosted by the Biden administration.<\/p>\n<p><strong>EBRD President Odile Renaud-Basso could visit Egypt sometime this month<\/strong>, the domestic press reported last week. This would be her first official visit to Egypt since she was appointed to head the bank in November.<\/p>\n<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>\n<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>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, urban development and as well as social infrastructure such as health and education.<\/p>\n<p><strong>In today\u2019s issue: <\/strong>Egypt\u2019s struggles with pollution are well documented, with Cairo in particular regularly making (and <a href=\"https:\/\/www.theecoexperts.co.uk\/blog\/most-polluted-cities\">sometimes topping<\/a>) lists of the world\u2019s most polluted cities. Clearly, this has a major impact on our health, but what\u2019s the economic cost? It turns out that air pollution alone could be costing us as much as EGP 47 bn a year, according to World Bank estimates, using the most recently available data.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/european-investment-bank\/\">European Investment Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interior-ministry\/\">Interior Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jp-morgan\/\">JP Morgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/north-sinai\/\">North Sinai<\/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=\"561750\" 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=\"561750\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/561750\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561750\" class=\"content-area-description single-story post-561750 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=\"561751\" 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=\"561751\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/egypt-among-3-mena-countries-to-see-pre-covid-growth-rates-in-2021-fitch\/\">\r\n                            Egypt among 3 MENA countries to see pre-covid growth rates in 2021: Fitch                        <\/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             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href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/egypt-among-3-mena-countries-to-see-pre-covid-growth-rates-in-2021-fitch\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/198.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561752\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/egypt-among-3-mena-countries-to-see-pre-covid-growth-rates-in-2021-fitch\/198-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/198.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"198.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/198.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/198.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561751\" class=\"content-area-description single-story post-561751 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-covid-19 tag-economy tag-enterpriseam tag-fitch-solutions tag-gcc tag-khaled-el-anany tag-oil-and-gas tag-opec tag-qatar tag-tourism 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>Egypt is one of three MENA economies that will see GDP growth return to pre-covid <\/strong><strong>levels in 2021<\/strong>, buoyed by expectations of a strong rebound in the oil and gas and tourism industries this year, Fitch Solutions analysts said at a <a href=\"https:\/\/www.fitchsolutions.com\/events\/mena-macroeconomic-update-q2\">webinar<\/a><a href=\"https:\/\/www.fitchsolutions.com\/events\/mena-macroeconomic-update-q2\">yesterday<\/a>. \u201cThe Central Bank of Egypt\u2019s (CBE) monetary easing of 400 bps last year, as well as expanded fiscal spending and well-executed stimulus policies, helped to cushion the economic blow of the pandemic,\u201d MENA country risk analyst Selim Elbadri said.<\/p>\n<p><strong>Egypt\u2019s GDP is expected to grow at a 2.9% clip in FY2020-2021<\/strong>, marking a slight downwards revision of the 3% Fitch predicted in January due to a bumpy vaccine rollout. \u201cVaccinations for priority populations are expected to run from 21 March to 21 Septmeber,\u201d deputy head of country risk Julie Beckenstein said, noting that Egypt\u2019s vaccine rollout is lagging behind regional peers such as Israel, Morocco, and the GCC.<\/p>\n<p><strong>Increased natgas production will be a key driver of economic growth: <\/strong>Fitch Solutions sees the country ramping up its output of natural gas to hit pre-covid production levels in FY2020-2021. Production is expected to plateau at these rates, with a marginal decline of 10% at most throughout FY2021-2022. That\u2019s a steeper decline than the 4.5% dip in production Oil Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/47928718-7dfe-47d6-a41f-10b46e9e62a1\">has penciled in<\/a> for the upcoming fiscal year, with daily natural gas production expected to come in at 7.2 bcf\/d, down from 7.45 bcf\/d during the current fiscal year.<\/p>\n<p><strong>And a robust tourism sector recovery is expected to drive medium-term growth<\/strong>, with the economy expected to expand at a 5% clip in FY2021-2022, according to Elbadri. Some 500k tourists visited Egypt in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f1bc204-c57a-4f97-809e-890c3f575d45\">1Q2021<\/a>, generating USD 600-800 mn in revenues, with some <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/25c22f51-75bc-4758-9387-dc7b68f73b17\">2 mn tourists visiting the country<\/a> in the nine months since commercial flights resumed following the initial wave of the virus. Tourism Minister Khaled El Anany recently said Egypt could see a return to pre-covid visitor numbers <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/093c4b68-9f7e-42a5-bcaa-05f89fb4b473\">as early as fall 2022<\/a>.<\/p>\n<p><strong>Israel and Qatar are also expected to be among MENA\u2019s best-performing economies<\/strong>, with the latter leading the recovery in the GCC as the only Gulf nation to return to pre-covid GDP growth rates in 2021. The slowdown in the recovery of other regional economies was attributed to the contracting oil sector as a result of the OPEC+ mandated production cuts. But Fitch is optimistic that an OPEC+ agreement to gradually increase oil production from May to July as fuel demand rises will drive growth in GCC countries such as Saudi Arabia and the UAE, though likely not enough to return them to pre-pandemic growth rates, Elbadri said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fitch-solutions\/\">Fitch Solutions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khaled-el-anany\/\">Khaled El Anany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/opec\/\">OPEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561753\" 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=\"561753\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/mobile-wallet-users-can-now-borrow-deposit-under-new-regs\/\">\r\n                            Mobile wallet users can now borrow + deposit under new regs                        <\/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\/20\/mobile-wallet-users-can-now-borrow-deposit-under-new-regs\/\" 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\/20\/mobile-wallet-users-can-now-borrow-deposit-under-new-regs\/')\">\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\/20\/mobile-wallet-users-can-now-borrow-deposit-under-new-regs\/\">\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=Mobile wallet users can now borrow + deposit under new regs&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/mobile-wallet-users-can-now-borrow-deposit-under-new-regs\/\">\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\/20\/mobile-wallet-users-can-now-borrow-deposit-under-new-regs\/&title=Mobile wallet users can now borrow + deposit under new regs\">\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=Mobile+wallet+users+can+now+borrow+%2B+deposit+under+new+regs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Fmobile-wallet-users-can-now-borrow-deposit-under-new-regs%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\/20\/mobile-wallet-users-can-now-borrow-deposit-under-new-regs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561753\" class=\"content-area-description single-story post-561753 post type-post status-publish format-standard hentry category-regulation-watch tag-debt tag-enterpriseam tag-fintech tag-regulation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Mobile wallet users will soon be able to access loan and saving services in real time<\/strong> under <a href=\"https:\/\/ent.news\/2021\/4\/Mobile-Payments-DL-Regulations.pdf\">new regulations (pdf)<\/a> the Central Bank of Egypt (CBE) issued yesterday. The regs also clear the way for interoperability between mobile wallets and bank accounts, allowing funds to be transferred between them.<\/p>\n<p><strong>Creditworthiness for mobile wallet users will also be determined based on \u201cbehavioral evaluations,\u201d<\/strong> including whether or not they keep up with utility bill payments, according to the CBE statement. The new mechanism is designed for borrowers who don\u2019t have credit histories or any prior records with the traditional banking system. State-backed credit rating agency iScore is currently working on setting up this new evaluation mechanism, the CBE said.<\/p>\n<p><strong>The new regs come as the number of mobile wallets in Egypt is growing:<\/strong> The country currently has north of 20 mn wallets, with the value of transactions on these wallets growing a whopping 300% in 2020 to EGP 100 bn, according to the statement. Between March and October last year, the number of wallets jumped at least <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c3b99bc-dc50-48af-9f1b-d9ffbbc8bc71\">17% to 14.4 mn<\/a> thanks to covid-19.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation-watch\/\">regulation watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561754\" 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=\"561754\">\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\/20\/senate-opposes-thanaweya-amma-2-0-shawky-defends-planned-overhaul\/\">\r\n                            Senate opposes Thanaweya Amma 2.0, Shawky defends planned overhaul                        <\/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\/20\/senate-opposes-thanaweya-amma-2-0-shawky-defends-planned-overhaul\/\" 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\/20\/senate-opposes-thanaweya-amma-2-0-shawky-defends-planned-overhaul\/')\">\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\/20\/senate-opposes-thanaweya-amma-2-0-shawky-defends-planned-overhaul\/\">\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=Senate opposes Thanaweya Amma 2.0, Shawky defends planned overhaul&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/senate-opposes-thanaweya-amma-2-0-shawky-defends-planned-overhaul\/\">\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\/20\/senate-opposes-thanaweya-amma-2-0-shawky-defends-planned-overhaul\/&title=Senate opposes Thanaweya Amma 2.0, Shawky defends planned overhaul\">\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=Senate+opposes+Thanaweya+Amma+2.0%2C+Shawky+defends+planned+overhaul+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Fsenate-opposes-thanaweya-amma-2-0-shawky-defends-planned-overhaul%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\/20\/senate-opposes-thanaweya-amma-2-0-shawky-defends-planned-overhaul\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561754\" class=\"content-area-description single-story post-561754 post type-post status-publish format-standard hentry category-legislation-watch tag-abdel-fattah-el-sisi tag-disabilities-act tag-education tag-enterpriseam tag-legislation-watch tag-senate tag-smes tag-tarek-shawky tag-thanaweya-amma 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>Senate votes against proposed Thanaweya Amma overhaul in general assembly: <\/strong>Proposed legislative amendments that would have changed the assessment model for Thanaweya Amma were rejected by Egypt\u2019s upper house of parliament yesterday, according to <a href=\"https:\/\/bit.ly\/3dwdPmY\">Youm7<\/a>. The changes would have seen students assessed for their Thanaweya Amma degree based on the average of their end-of-year grades over the three years of secondary school instead of their exam scores in the final \u201ccertificate year.\u201d Senators argue the changes \u2014 which would allow students to resit exams for EGP 5k per subject \u2014 contravene the constitutional right to education at no charge. A report by the Senate Education Committee also cited concerns over the integrity of electronic exams, which would be allowed under the amendments.<\/p>\n<p><strong>Reminder: The Senate\u2019s vote is not binding.<\/strong> The bill, alongside the committee report, should now make its way to the House of Representatives, the country\u2019s lower house of parliament. The bill will eventually make its way to the floor of the House for a plenary vote on whether to send it to President Abdel Fattah El Sisi for signature.<\/p>\n<p><strong>Education Minister Tarek Shawky criticized the Senate committee report <\/strong>that served as the basis for the plenary-session vote, <a href=\"https:\/\/bit.ly\/2Q6mQu5\">arguing that<\/a> students already pay huge sums to private tutors under the current system, which he says is in need of a major facelift. Shawky blamed parents for opposing the changes in order to maintain the status quo and ensure a familiar route to university for their children. The minister also gave his two cents in a phone-in with El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=yzEbkLMDeVk\">watch, runtime: 3:51<\/a>).<\/p>\n<p><strong>OTHER LEGISLATION NEWS-<\/strong><\/p>\n<p><strong>The House Legislation Committee <\/strong><strong><a href=\"https:\/\/bit.ly\/3tzuRWJ\">has greenlit<\/a><\/strong><strong> proposed<\/strong> <strong>amendments to the Disabilities Act<\/strong> that would, if passed in a final vote, toughen penalties for those convicted of bullying persons with special needs. Under the changes, those convicted of group bullying or mistreatment of people with disabilities could be subject to up to three years in prison and fines of up to EGP 200k. The Senate signed off on the amendments earlier this month.<\/p>\n<p><strong>Nurseries will be treated as MSMEs, granting them eligibility for all incentives <\/strong><strong>available under the MSMEs Act<\/strong> under new directives from President Abdel Fattah El Sisi, according to an <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1135428580309854\">Ittihadiya<\/a>statement. These include tax markdowns to a rate of 1% of the total growth in sales per year. The president also instructed his government to continue giving unlicensed nurseries temporary licenses until they complete the necessary paperwork.<\/p>\n<p><strong>A bill regulating blood donation and the manufacturing and collection of plasma is now <\/strong><strong>law of the land<\/strong> after being greenlit by President Abdel Fattah El Sisi, <a href=\"https:\/\/bit.ly\/3tvE96g\">Al Shorouk<\/a> reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/disabilities-act\/\">Disabilities Act<\/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\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/senate\/\">Senate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-shawky\/\">Tarek Shawky<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/thanaweya-amma\/\">Thanaweya Amma<\/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=\"561755\" 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=\"561755\">\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\">Transport<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/qalyubia-crash-investigation-rolls-on\/\">\r\n                            Qalyubia crash investigation rolls on                        <\/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\/20\/qalyubia-crash-investigation-rolls-on\/\" 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\/20\/qalyubia-crash-investigation-rolls-on\/')\">\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\/20\/qalyubia-crash-investigation-rolls-on\/\">\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=Qalyubia crash investigation rolls on&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/qalyubia-crash-investigation-rolls-on\/\">\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\/20\/qalyubia-crash-investigation-rolls-on\/&title=Qalyubia crash investigation rolls on\">\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=Qalyubia+crash+investigation+rolls+on+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Fqalyubia-crash-investigation-rolls-on%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\/20\/qalyubia-crash-investigation-rolls-on\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561755\" class=\"content-area-description single-story post-561755 post type-post status-publish format-standard hentry category-transport tag-enterpriseam tag-house-of-representatives tag-kamel-el-wazir 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-04\"><\/a> <strong>Four railway officials were detained yesterday as an investigation into this week\u2019s <\/strong><strong>Qalyubia train crash entered its third day<\/strong>, <a href=\"https:\/\/bit.ly\/3sEWFId\">Masrawy<\/a> reports. The report suggests the officials include the train conductor and his assistant, contradicting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ab9ca9b1-c618-437a-9adc-f28c40323304\">an earlier report<\/a> that said the conductor had died in the crash. The incident killed at least 11 people and injured 98 after a train derailed in the city of Tukh.<\/p>\n<p><strong>El Wazir in parliament soon?<\/strong> Transport Minister Kamel El Wazir could be summoned to the House of Representatives to discuss the Qalyubia crash and the recent streak of railway accidents, after House Media Committee member Amal Salama submitted a request for the House to \u201chold the minister accountable,\u201d according to <a href=\"https:\/\/bit.ly\/3aqMOiJ\">Masrawy<\/a>. Two other MPs \u2014 Amira Adly and Freddie Al Bayadi \u2014 have also submitted an \u201curgent memo\u201d to inquire about the crash, but the memo does not necessarily mean the minister would be required to appear in the House, Adly told Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.facebook.com\/watch\/?v=475020660431575\">watch, runtime: 8:39<\/a>). El Wazir himself seems eager to address MPs on the incident and to discuss his ministry\u2019s plan to overhaul the country\u2019s railways, Ala Mas\u2019ouleety\u2019s Ahmed Moussa noted (<a href=\"https:\/\/www.facebook.com\/watch\/?v=158754976061543\">watch, runtime: 3:15<\/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\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kamel-el-wazir\/\">Kamel El Wazir<\/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=\"561756\" 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=\"561756\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/beltone-on-board-to-manage-cbe-margin-trading-support-fund\/\">\r\n                            Beltone on board to manage CBE margin trading support fund?                        <\/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\/20\/beltone-on-board-to-manage-cbe-margin-trading-support-fund\/\" 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\/20\/beltone-on-board-to-manage-cbe-margin-trading-support-fund\/')\">\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\/20\/beltone-on-board-to-manage-cbe-margin-trading-support-fund\/\">\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=Beltone on board to manage CBE margin trading support fund?&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/beltone-on-board-to-manage-cbe-margin-trading-support-fund\/\">\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\/20\/beltone-on-board-to-manage-cbe-margin-trading-support-fund\/&title=Beltone on board to manage CBE margin trading support fund?\">\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=Beltone+on+board+to+manage+CBE+margin+trading+support+fund%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Fbeltone-on-board-to-manage-cbe-margin-trading-support-fund%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\/20\/beltone-on-board-to-manage-cbe-margin-trading-support-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561756\" class=\"content-area-description single-story post-561756 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-beltone-financial tag-central-bank-of-egypt tag-enterpriseam tag-investment-watch tag-margin-trading tag-regulation 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>The Central Bank of Egypt (CBE) has reportedly tapped Beltone Financial to manage a <\/strong><strong>new <\/strong><strong>margin trading fund <\/strong>with a preliminary allocation of EGP 1 bn that will be deployed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/971312e1-f894-440b-abff-245b2484f2eb\">to support margin lending<\/a> through brokerages, <a href=\"https:\/\/bit.ly\/32vYdJy\">Al Mal<\/a> reports, quoting what it says are sources in the know. The fund will give brokerages access to financing at competitive rates under certain conditions the CBE is expected to announce at a later date, the sources said. It was announced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f05c21e8-cfa0-4ffa-a016-e59cca9ba55a\">last month<\/a> in a bid to boost trading volumes on the EGX, and its initial EGP 1 bn capital is expected to increase periodically when needed, CBE Deputy Governor Rami Aboul Naga said at the time.<\/p>\n<p><strong>The fund is part of a series of recent moves by regulators to boost activity on the bourse<\/strong>, and draws from a larger EGP 20 bn allocation the CBE set aside to support the exchange at the onset of the pandemic in March. It follows decisions by the Financial Regulatory Authority earlier this year to allow fund managers and non-bank firms to finance brokerages engaging in margin trading. The FRA has also proposed measures that would put a cap on the practice, to mitigate the risk of a boom in investing borrowed funds on the EGX.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/beltone-financial\/\">Beltone Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/margin-trading\/\">Margin Trading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/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=\"561757\" 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=\"561757\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/ethiopia-is-really-just-trolling-us-now\/\">\r\n                            Ethiopia is really just trolling us now                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/ethiopia-is-really-just-trolling-us-now\/\" 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\/20\/ethiopia-is-really-just-trolling-us-now\/')\">\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\/20\/ethiopia-is-really-just-trolling-us-now\/\">\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 is really just trolling us now&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/ethiopia-is-really-just-trolling-us-now\/\">\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\/20\/ethiopia-is-really-just-trolling-us-now\/&title=Ethiopia is really just trolling us now\">\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+is+really+just+trolling+us+now+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Fethiopia-is-really-just-trolling-us-now%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/ethiopia-is-really-just-trolling-us-now\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/200.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561758\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/ethiopia-is-really-just-trolling-us-now\/200-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/200.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"200.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/200.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/200.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561757\" class=\"content-area-description single-story post-561757 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam tag-ethiopia tag-gerd 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-06\"><\/a> <strong>Taking a leaf out of our book, Ethiopia has turned to the United Nations Security<\/strong><strong> Council to complain that Egypt and Sudan \u201care not negotiating in good faith\u201d<\/strong> to resolve the Grand Ethiopian Renaissance Dam (GERD) crisis, according to a <a href=\"https:\/\/www.facebook.com\/MFAEthiopia\/posts\/4627524560608084?__cft__[0]=AZVCCdv0F18FiLK_32uvfETP4KJED4WZQdKPf9rJX3Rkyrz0snGW6EsMPxA1JIMMHAB-XrwvxhzSS4GEc3aS6G5eSP4f7iQCWXVT1BZDCIiuAgWoGCjkUo5OVLKLaKz7cxvM68N6i-YitYnImdD3YOL-&__tn__=%2CO%2CP-R\">statement<\/a> from the Ethiopian Foreign Ministry. In a letter penned to the Security Council, Addis Ababa claims that Egypt and Sudan are the ones stalling the negotiation process by refusing to \u201cmake the necessary concessions\u201d to reach a mutually beneficial agreement between the three countries.<\/p>\n<p><strong>Egypt and Sudan\u2019s proposal to bring in mediators to resolve the impasse is, in Ethiopia\u2019s books, \u201cinternationalizing\u201d the talks \u201cto exert undue pressure\u201d<\/strong> on Addis Ababa, the statement says. Ethiopia is still rattling on about Cairo and Khartoum wanting to \u201cmaintain an unjust status quo\u201d by reaching a lawfully binding agreement on the filling and operation of the dam \u2014 which is meant to ensure that one country doesn\u2019t face fatal flooding and the other still has access to enough water.<\/p>\n<p><strong>Ethiopia\u2019s tattling means the Security Council has now received letters from all three countries:<\/strong> Sudan sent a letter to the council just a few days ago asking the council to back its proposal to bring in international mediators, while Foreign Minister Sameh Shoukry sent a letter last week to the council after the latest round of talks failed yet again to yield a breakthrough.<\/p>\n<p><strong>Meanwhile, Shoukry made stops in Kenya, Comoros, and South Africa yesterday as part of his Africa tour<\/strong> to brief the continent\u2019s leaders on the latest developments in the GERD stalemate. The tour comes as Egypt has been on a diplomatic blitz of late to rally international support for its position on the dam.<\/p>\n<p><strong>And while we\u2019re on the subject, a bit of fact checking on Ethiopia\u2019s other GERD claims, courtesy of Egypt\u2019s Irrigation Ministry:<\/strong> Ethiopia\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8cddd850-6cf9-456c-b708-8345db3260ef\">insistence<\/a> on moving ahead with the second filling of the dam\u2019s reservoir this summer will almost certainly result in lower levels of water flow to Sudan and Egypt, particularly since the spillways through which Ethiopia says it will release water won\u2019t be able to handle the amount of water the downstream countries need, according to <a href=\"https:\/\/www.facebook.com\/mwrifb\/posts\/5363521273722363\">a statement<\/a>. According to the ministry, these two spillways can only handle a combined 50 mn cbm of water.<\/p>\n<p><strong>The urgency of the situation certainly isn\u2019t lost on the talking heads:<\/strong> Kelma Akhira\u2019s Lamees El Hadidi said it would be nothing short of a disaster if Ethiopia moves ahead with its plans, after Irrigation Ministry spokesperson Mohamed Ghanem recapped the realities of the spillways (<a href=\"https:\/\/www.youtube.com\/watch?v=3_JweoiwyBg\">watch, runtime: 6:46<\/a>). Ala Mas\u2019ouleety\u2019s Ahmed Moussa, meanwhile, couldn\u2019t contain his anger at Ethiopia and railed against its \u201cattempts to control Egypt\u201d by taking unilateral measures (<a href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/videos\/525332428492352\">watch, runtime: 4:03<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/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=\"561759\" 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=\"561759\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/561759\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561759\" class=\"content-area-description single-story post-561759 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=\"561760\" 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=\"561760\">\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\/20\/last-nights-talk-shows-on-20-april-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 20 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\/20\/last-nights-talk-shows-on-20-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\/20\/last-nights-talk-shows-on-20-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\/20\/last-nights-talk-shows-on-20-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=Last Night\u2019s Talk Shows on 20 April 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/last-nights-talk-shows-on-20-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\/20\/last-nights-talk-shows-on-20-april-2021\/&title=Last Night\u2019s Talk Shows on 20 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=Last+Night%E2%80%99s+Talk+Shows+on+20+April+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Flast-nights-talk-shows-on-20-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\/20\/last-nights-talk-shows-on-20-april-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561760\" class=\"content-area-description single-story post-561760 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterpriseam tag-fuel tag-last-nights-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The talking heads were focused yesterday on the latest on the Qalyubia train crash and <\/strong><strong>the Grand Ethiopian Renaissance Dam negotiations.<\/strong> We have both stories in detail in the news well, above.<\/p>\n<p><strong>The government\u2019s fuel pricing committee is set to announce \u201cwithin days\u201d fuel prices for 2Q2021<\/strong>, deputy head of the EGPC Khaled Osman told Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=_jH0yRzMLN0\">watch, runtime: 4:28<\/a>). The committee\u2019s deliberations are taking longer than expected because of the fluctuation in global oil prices, Osman said, but didn\u2019t provide any indication of whether or not we should expect to pay more at the gas pump for the next three months.<\/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\/fuel\/\">fuel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/561762\/\">\r\n                                                    <\/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\/20\/561762\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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<\/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\/20\/561762\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561762\" class=\"content-area-description single-story post-561762 post type-post status-publish format-standard hentry category-egypt-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s another morning of foreign press coverage squarely focused on the Qalyubia train<\/strong><strong> crash<\/strong> for Egypt. We have all the updates 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=\"561763\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561764\" 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=\"561764\">\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\/20\/also-on-our-radar-on-20-april-2021\/\">\r\n                            Also on our Radar on 20 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\/20\/also-on-our-radar-on-20-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\/20\/also-on-our-radar-on-20-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\/20\/also-on-our-radar-on-20-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=Also on our Radar on 20 April 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/also-on-our-radar-on-20-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\/20\/also-on-our-radar-on-20-april-2021\/&title=Also on our Radar on 20 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+20+April+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Falso-on-our-radar-on-20-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\/20\/also-on-our-radar-on-20-april-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561764\" class=\"content-area-description single-story post-561764 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-daesh tag-e-commerce tag-enterpriseam tag-pharma tag-transport tag-yodawy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egyptian security forces killed three Islamist terrorists involved in the execution of<\/strong><strong> a 62-year-old Christian man<\/strong>, Nabil Habashy, last Saturday in North Sinai, the Interior Ministry said in a <a href=\"https:\/\/www.facebook.com\/MoiEgy\/posts\/3964904613553172\">statement<\/a> yesterday.<\/p>\n<p><strong>Exporters <\/strong><strong><a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/3874794422589330\">have received EGP 2.4 bn<\/a><\/strong><strong> of subsidy arrears from the Export<\/strong> <strong>Development Fund since February<\/strong>, when the Trade and Industry Ministry launched the second phase of the subsidy program that allows exporters to receive their payments lump-sum, provided they take a 15% haircut. The ministry has also extended until the end of April the deadline for exporters to apply for subsidy payments, to receive the payments in June.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Canadian mining companies<\/strong> are interested in ramping up their <strong>investments<\/strong> in Egypt, Canadian Ambassador to Egypt Louis Dumas said yesterday during a <a href=\"https:\/\/www.petroleum.gov.eg\/ar-eg\/media-center\/news\/news-pages\/Pages\/mop_19042021_01_.aspx\">meeting<\/a>with Oil Minister Tarek El Molla.<\/li>\n<li>Pharma platform <strong>Yodawy <\/strong>and health ins. agency <strong>MedNet Egypt<\/strong> launched a partnership, the platform said in a <a href=\"https:\/\/ent.news\/2021\/4\/Yodawy-Mednet-EN.pdf\">press release (pdf)<\/a>.<\/li>\n<li>Egypt should be back on <strong>JPMorgan\u2019s emerging-market government bonds i<\/strong><strong>ndex<\/strong> in October or November, Advisor to the Finance Minister for Fiscal Policies Nevine Mansour tells the <a href=\"https:\/\/bit.ly\/3dvFAvV\">local press.<\/a> <\/li>\n<li>Journalist and Islamist politician <strong>Magdy Hussein<\/strong> was <a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=142189594578267&id=100063616814368\">released<\/a>yesterday after serving his five-year <strong>prison sentence <\/strong>on <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/409551\/Egypt\/Politics-\/Egyptian-journalist-Magdi-Hussein-released-after-c.aspx\">charges<\/a> of promoting extremist views and disseminating fake news.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/daesh\/\">Daesh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/yodawy\/\">Yodawy<\/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=\"561765\" 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=\"561765\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/doctors-covid-19-death-toll-rises\/\">\r\n                            Doctors\u2019 covid-19 death toll rises                        <\/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\/20\/doctors-covid-19-death-toll-rises\/\" 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\/20\/doctors-covid-19-death-toll-rises\/')\">\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\/20\/doctors-covid-19-death-toll-rises\/\">\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=Doctors\u2019 covid-19 death toll rises&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/doctors-covid-19-death-toll-rises\/\">\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\/20\/doctors-covid-19-death-toll-rises\/&title=Doctors\u2019 covid-19 death toll rises\">\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=Doctors%E2%80%99+covid-19+death+toll+rises+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F20%2Fdoctors-covid-19-death-toll-rises%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\/20\/doctors-covid-19-death-toll-rises\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561765\" class=\"content-area-description single-story post-561765 post type-post status-publish format-standard hentry category-covid-watch tag-africa tag-covax tag-covid-19 tag-enterpriseam tag-imf tag-india tag-vaccines tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Some 50 medical professionals have died from covid-19 in the past two weeks<\/strong>, the Doctors Syndicate noted in a <a href=\"http:\/\/new-v.ems.org.eg\/ar\/news\/Committees\/2179\">letter<\/a>to the Health Ministry, urging the ministry to speed up its inoculation of medical staff and frontline workers. The country kicked off its vaccination program with the most at-risk frontline healthcare workers in January. The syndicate also asked the ministry to ensure personal protective equipment is available for all frontline workers, pointing to the recent spike in infections and fatalities among them in the recent period.<\/p>\n<p><strong>So far, a total of <\/strong><strong><a href=\"https:\/\/www.facebook.com\/Egyptian.Medical.Syndicate\/posts\/4037525486268829\">467<\/a><\/strong><strong> doctors and other medical professionals have died<\/strong> from covid-19 since since the outbreak of the pandemic last year.<\/p>\n<p><strong>The Health Ministry is looking to increase the capacity of its vaccine centers to <\/strong><strong>accommodate 112k individuals <\/strong>per day, Minister Hala Zayed said at a cabinet meeting yesterday, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1909800392531650\">statement<\/a>. The ministry is also working on setting up more vaccine centers across the country. We currently have 193 centers up and running nationwide, but Zayed has signaled that we could soon have as many as 350 operational vaccination centers.<\/p>\n<p><strong>The elderly can still register for a covid-19 vaccine offline<\/strong>, since some have complained that they aren\u2019t able to access the ministry\u2019s online portal, presidential health advisor Mohamed Awad Tag Eldin reminded viewers on eXtra News yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=PwbwHQKaENg\">watch, runtime 17:27<\/a>).<\/p>\n<p><strong>Spotlight on oxygen supplies again?<\/strong> Prime Minister Moustafa Madbouly ordered the Health Ministry to ensure it has at least 3 mn liters of medical-grade oxygen in its reserve stockpile, besides hospitals\u2019 daily consumption. Some 30 oxygen generators will soon be distributed to the health and education ministries\u2019 hospitals as of June, while the medical gas networks for 40 other hospitals are also getting an upgrade, Zayed said at yesterday\u2019s meeting. The focus on ensuring adequate oxygen supplies comes after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/77548c52-ad2c-49cc-890a-8d4180e3958d\">alleged shortages<\/a> in several public hospitals earlier this year.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/361899568693995\">reported<\/a><\/strong><strong> 852 new covid-19 infections yesterday<\/strong>, up from 850 the day before. Egypt has now disclosed a total of 217,186 confirmed cases of covid-19. The ministry also reported 40 new deaths, bringing the country\u2019s total death toll to 12,778.<\/p>\n<p><strong>Many of the world\u2019s poorest countries are seeing their vaccine rollouts slow to a <\/strong><strong>trickle <\/strong>as the World Health Organization\u2019s Covax initiative falls short of expectations, writes <a href=\"https:\/\/www.wsj.com\/articles\/why-covid-19-vaccination-in-poorer-nations-has-slowed-posing-global-risks-11618826934?mod=hp_lead_pos2\">the Wall Street Journal<\/a>. This is in large part due to India \u2014 Covax\u2019s main supplier \u2014 halting the export of the jab as it tries to meet the surging demand at home. The IMF has warned that the slow vaccine rollout in some regions of the developing world, such as in Sub Saharan Africa, threatens to overlook pockets of infection that could derail global efforts to eradicate covid 19.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covax\/\">Covax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561766\" 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=\"561766\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/what-the-markets-are-doing-on-20-april-2021\/\">\r\n                            What the markets are doing on 20 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\/20\/what-the-markets-are-doing-on-20-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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Arm\u2019s business is seen as vital to the UK\u2019s national security infrastructure, and its semiconductors are used in defense technologies, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-19\/u-k-intervenes-on-nvidia-s-deal-for-arm-on-security-grounds?sref=mmeFTDW1\">Bloomberg<\/a>. Nvidia agreed to the acquisition of Arm, which is owned by Japan\u2019s SoftBank, late last year in what could become the largest in a recent series of big-ticket transactions in the semiconductor industry, as demand for electronics surged and supply chain disruptions fueled a global chip shortage.<\/p><p><strong>One of the world\u2019s largest lithium mining groups could be created with the USD <\/strong><strong>3.1 bn merger of two Australian companies<\/strong>, as demand for the metal essential to battery manufacturing continues to grow along with the popularity of electric vehicles, the <a href=\"https:\/\/www.ft.com\/content\/40434a7b-165a-423b-b91d-b61602fefdbb\">Financial Times<\/a> reports.<\/p><p><strong>Credit Suisse is still reeling from the effects of the Archegos debacle<\/strong>, as two executives from the Swiss bank\u2019s prime brokerage unit joined a growing list of staff departures following the USD 4.7 bn loss incurred by hedge fund Archegos Capital Management, the <a href=\"https:\/\/www.ft.com\/content\/4668678b-37a9-4e82-9a0d-7246955ddca9\">Financial Times<\/a> reports, citing an internal memo. Credit Suisse is expected to report a hefty USD 960 mn in 1Q2021 losses because of the Archegos fallout when it officially releases its earnings tomorrow.<\/p><p><strong>BTC and Coinbase slump fuels concerns of waning crypto craze: <\/strong>A basket of crypto-linked equities tracked by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-19\/crypto-stock-mania-tested-by-sliding-prices-slump-in-bitcoin?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>fell 9% last week, after BTC prices and shares in newly listed crypto platform Coinbase dipped over the weekend. Despite the concerns, analysts still expect Coinbase to rise 52% over the coming year.<\/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>10,441<\/p>\n<\/td>\n<td>\n<p>+0.8% (YTD: -3.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.63<\/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>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>10,098<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: +16.2%)<\/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>6,102<\/p>\n<\/td>\n<td>\n<p>-0.4% (YTD: +21.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,633<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +5.6%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,163<\/p>\n<\/td>\n<td>\n<p>-0.5% (YTD: +10.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,000<\/p>\n<\/td>\n<td>\n<p>-0.3% (YTD: +8.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 67.38<\/p>\n<\/td>\n<td>\n<p>+0.5%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.74<\/p>\n<\/td>\n<td>\n<p>-0.2%<\/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 1,769.50<\/p>\n<\/td>\n<td>\n<p>-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 53,934.13<\/p>\n<\/td>\n<td>\n<p>-4.78%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 rose 0.8% yesterday<\/strong> on turnover of EGP 735 mn (45% below the 90-day average). Foreign investors were net sellers. The index is down 3.7% YTD.<\/p><p><strong>In the green: <\/strong>Pioneers (+2.7%), Ezz Steel (+2.3%) and Palm Hills Development (+2.3%).<\/p><p><strong>In the red: <\/strong>Edita (-4.1%), Cleopatra Housing (-1.8%) and Fawry (-0.9%).<\/p><p><strong>Asian markets are mixed this morning<\/strong>, with the Nikkei and Hong Kong\u2019s Hang Seng in the red and Shanghai and Korea\u2019s Kospi in the green. Futures suggest Wall Street will open in the green this afternoon, while shares in Toronto look set to open down. Shares in Europe look set to open largely in the red this morning.<\/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\/australia\/\">Australia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/batteries\/\">batteries<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/europe\/\">Europe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gamestop\/\">Gamestop<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/george-sherman\/\">George Sherman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"561767\" 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=\"561767\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/20\/around-the-world-on-20-april-2021\/\">\r\n                            Around the World on 20 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\/20\/around-the-world-on-20-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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Khatibzade did not confirm or deny earlier press reports that the two countries had held talks in Baghdad this month, though Saudi officials had earlier denied engaging in negotiations with Iran. The meetings come as Washington distances itself from Saudi Arabia and pressures the kingdom to end its military campaign against Houthi rebels, while pushing for the revival of the 2015 Iran nuclear agreement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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 going-green wp-block-group issue-section\" id=\"561768\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/goinggreen\/\">\r\n                            Read going Green                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">13<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/what-is-air-pollution-costing-egypt-at-least-egp-47-bn-a-year-the-world-bank-estimates\/\">\r\n                            What is air pollution costing Egypt? At least EGP 47 bn a year, the World Bank estimates<\/a>\r\n                        <\/h3>\r\n\r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/what-is-air-pollution-costing-egypt-at-least-egp-47-bn-a-year-the-world-bank-estimates\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/goinggreens\/what-is-air-pollution-costing-egypt-at-least-egp-47-bn-a-year-the-world-bank-estimates\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/goinggreens\/what-is-air-pollution-costing-egypt-at-least-egp-47-bn-a-year-the-world-bank-estimates\/\">\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 is air pollution costing Egypt? At least EGP 47 bn a year, the World Bank estimates&url=https:\/\/enterpriseam.com\/egypt\/goinggreens\/what-is-air-pollution-costing-egypt-at-least-egp-47-bn-a-year-the-world-bank-estimates\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/goinggreens\/what-is-air-pollution-costing-egypt-at-least-egp-47-bn-a-year-the-world-bank-estimates\/&title=What is air pollution costing Egypt? 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At least EGP 47 bn a year, the World Bank estimates.<\/strong> A USD 200 mn International Bank for Reconstruction and Development loan <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7cc2419e-b95a-4513-a27e-ed1db1ab9d0f\">was greenlit two weeks ago<\/a> by the House Energy and Environment Committee. Its aim? To tackle Cairo\u2019s notorious air pollution. And it\u2019s urgent: Poor-quality air causes long-term health issues, while additional strain on healthcare systems and reduced productivity from chronic illnesses and missed workdays bring a sizable economic hit. A <a href=\"https:\/\/openknowledge.worldbank.org\/bitstream\/handle\/10986\/32513\/Egypt-Cost-of-Environmental-Degradation-Air-and-Water-Pollution.pdf?sequence=1&isAllowed=y#:~:text=On%20a%20per%20capita%20basis,quality%2C%20in%20terms%20of%20PM2\">World Bank report (pdf)<\/a> relying on 2016-2017 data (the most recently available for Egypt) estimated that air pollution in Greater Cairo alone could be costing us an estimated EGP 47 bn \u2015 in 2017, that was equivalent to 1.35% of our GDP.<\/p>\n<p><strong>Just how bad is Egypt\u2019s pollution, anyway? One of the worst globally, so yeah, pretty bad. <\/strong>A 2020 study combining data on air quality, light, and noise pollution found Cairo to be the world\u2019s most polluted city, out of 48 surveyed by UK solar comparison website <a href=\"https:\/\/www.theecoexperts.co.uk\/blog\/most-polluted-cities\">The Eco Experts<\/a>. 2017 saw an estimated 12.6k premature deaths from Greater Cairo\u2019s air pollution and a collective 3 bn days of morbidity (days where people lived with illness) because of outdoor air pollution in Greater Cairo and inadequate water, sanitation and hygiene throughout Egypt, the World Bank report states.<\/p>\n<p><strong>Cairo\u2019s haze is even more harmful than it looks: <\/strong>Air pollution is <a href=\"https:\/\/www.worldbank.org\/en\/news\/feature\/2015\/07\/14\/understanding-air-pollution-and-the-way-it-is-measured\">frequently measured<\/a> by the concentration of PM2.5 \u2014 a microscopic particle 2.5 microns wide and almost 30 times smaller than the diameter of a human hair. On hazy Cairo days, high levels of PM2.5 enter our respiratory tracts and lungs. The <a href=\"https:\/\/www.theecoexperts.co.uk\/blog\/most-polluted-cities\">WHO identifies<\/a> \u2018safe\u2019 levels of PM2.5 as under 10 micrograms per cubic meter (ug\/m3), <a href=\"https:\/\/www.who.int\/news-room\/fact-sheets\/detail\/ambient-(outdoor)-air-quality-and-health#:~:text=%22WHO%20air%20quality%20guidelines%22%20estimate,related%20deaths%20by%20around%2015%25.\">and estimates<\/a> reducing concentrations to this level from the levels of 35 \u03bcg\/m3 common in many developing cities could lessen air pollution-related deaths by 15%. Between 1999 and 2016, Greater Cairo\u2019s average PM2.5 concentration was 84 \u00b5g\/m3, with the lowest concentration being 66 \u00b5g\/m3, according to the World Bank report.<\/p>\n<p><strong>On average,<\/strong> <strong>Cairo\u2019s air contains levels of PM2.5 that are 11.7 times higher than the recommended \u201csafe\u201d level<\/strong>, <a href=\"https:\/\/www.who.int\/data\/gho\/data\/indicators\/indicator-details\/GHO\/concentrations-of-fine-particulate-matter-(pm2-5)\">WHO data shows<\/a>. Estimates use data from the Egyptian Environmental Affairs Agency (EEAA), and there are no nationwide estimates because of insufficient air quality monitoring outside of Greater Cairo, the World Bank report says.<\/p>\n<p><strong>Where\u2019s it coming from? Burning materials, particles formed from other pollutants, and motor vehicles seem to be the biggest culprits. <\/strong>The most comprehensive studies monitoring Greater Cairo\u2019s levels of PM2.5 took place in winter and fall of 1999, and summer of 2002. They found that open burning (including burning of agricultural waste in the Delta), <a href=\"https:\/\/www.greenfacts.org\/glossary\/pqrs\/primary-particles-secondary-particles.htm#:~:text=Secondary%20particles%20are%20those%20that,ammonia%2C%20and%20volatile%20organic%20compounds.\">secondary particulates<\/a> (particles that form in the atmosphere from other gaseous pollutants, like sulfates, nitrates, chlorides), and motor vehicles were the biggest sources of PM2.5. Geological material, like wind-blown dust, was only responsible for about 9% of the PM2.5 in Greater Cairo\u2019s air, according to this study \u2014 though a later 2010-2011 study recorded higher figures. Accurate and updated information about the greatest sources of PM2.5 isn\u2019t easy to come by, the World Bank report notes.<\/p>\n<p><strong>But it clearly results in increased health risks and premature death:<\/strong> Of the estimated 12.6k annual premature deaths from PM2.5 exposure in Greater Cairo in 2017, 59% were from ischemic heart disease (heart problems caused by narrowed arteries), 14% from acute lower respiratory infections, 13% from stroke, and 14% from lung disease, lung cancer and type 2 diabetes, the World Bank report shows.<\/p>\n<p><strong>And brings soaring costs: <\/strong>Outdoor PM2.5 air pollution in Greater Cairo cost some EGP 47 bn in 2016-2017. Per capita, outdoor air pollution in Greater Cairo cost EGP 2.7 bn per 1 mn people in 2016-2017, the World Bank report shows.<\/p>\n<p><strong>One glimmer of good news is PM2.5 per capita deaths could be falling:<\/strong> Greater Cairo\u2019s PM2.5 concentrations did improve between 1999 and 2016, with annual deaths per 100k people declining by 8% \u2014 from 79 to 73 \u2014 during that time, the World Bank report reveals.<\/p>\n<p><strong>But this is effectively offset by our ballooning population:<\/strong> <a href=\"https:\/\/www.macrotrends.net\/countries\/EGY\/egypt\/population-growth-rate\">Rapid population growth<\/a> saw Egypt\u2019s total annual deaths from PM2.5 continue increasing during this time. With the UN projecting that <a href=\"https:\/\/worldpopulationreview.com\/countries\/egypt-population\">we\u2019ll hit 200 mn<\/a> before 2075, the collective burden on healthcare services and workforce disruption is set to keep increasing too.<\/p>\n<p><strong>The sizable economic hit from air pollution is a global problem:<\/strong> The total global cost of premature deaths, disabilities, chronic disease and sick leave from fossil fuel air pollution alone was estimated at USD 2.9 tn, or 3.3% of global GDP, in 2018, according to <a href=\"https:\/\/energyandcleanair.org\/wp\/wp-content\/uploads\/2020\/02\/Cost-of-fossil-fuels-briefing.pdf\">a report (pdf)<\/a> by the Centre for Research on Energy and Clean Air. Fossil fuel PM2.5 air pollution was responsible for 1.8 bn days of work absence globally that year, the report estimates.<\/p>\n<p><strong>Even within the global context, MENA \u2014 including Egypt \u2014 is particularly impacted:<\/strong> In 2018, 97% of cities in low and middle-income countries with over 100k inhabitants didn\u2019t meet WHO air quality guidelines, with MENA and Southeast Asia having the worst performance, according to energy and environment analyst <a href=\"https:\/\/www.atlanticcouncil.org\/blogs\/menasource\/poor-air-quality-and-lost-economic-opportunities\/\">Mahmoud Abouelnaga<\/a>. In Egypt, total welfare losses \u2014 a measure <a href=\"https:\/\/www.worldbank.org\/en\/news\/feature\/2016\/09\/09\/air-pollution-costs-for-non-economists\">often used<\/a> by governments to assess the financial and intangible impacts of premature mortality \u2014 for 2013 from outdoor air pollution were an estimated USD 31.5 bn.<\/p>\n<p><strong>Ultimately, cutting pollution is a no-brainer. The challenge is how to do it without impeding development.<\/strong> MENA\u2019s rapid urbanization and widespread reliance on fossil fuels leave us vulnerable to high levels of air pollution, writes Abouelnaga. Agriculture and industry contributed some 11.7% and 34.3% respectively to Egypt\u2019s GDP <a href=\"https:\/\/www.indexmundi.com\/egypt\/gdp_composition_by_sector.html\">in 2017<\/a>, and must be supported to grow. So how can we reduce pollution without curbing our own economic growth?<\/p>\n<p><strong>The answer could lie in a combination of government and private sector initiatives, <\/strong>development finance institution support, and lessons learned from other economies. We look at this in part 2.<\/p>\n<p><strong>Your top climate stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Eco-friendly universities:<\/strong> The Environment Ministry and the German University in Cairo plan to launch a<a href=\"https:\/\/bit.ly\/2Q6iAKR\">platform for eco-friendly products<\/a>, allowing university students to participate in the \u201cGo Green\u201d initiative.<\/li>\n<li><strong>Natgas:<\/strong> Egypt\u2019s government plans to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35e33c41-388d-49c0-9bcc-5fc5772c6569\">convert 450k cars<\/a> to run on natgas within three years under its natgas transition plan.<\/li>\n<li><strong>Climate summit:<\/strong> Egypt has been left out of the US-hosted Leaders Summit on Climate, which will see 40 world leaders head to the United States this Thursday through Saturday. <\/li>\n<li><strong>Green New Plan:<\/strong> A universal basic income for workers exposed to job loss from transitioning away from fossil fuels <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8b38978-d415-4824-a357-94afdd3984d7\">could help push along<\/a> a global green push.<\/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\/centre-for-research-on-energy-and-clean-air\/\">Centre for Research on Energy and Clean Air<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mahmoud-abouelnaga\/\">Mahmoud Abouelnaga<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pm2-5\/\">PM2.5<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-eco-experts\/\">the Eco Experts<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\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=\"561770\" 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\/20\/your-essential-business-calendar-on-20-april-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561770\" class=\"content-area-description single-story post-561770 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":561748,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-561747","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"69cc79d6-b844-48a7-936d-7eb9a97dc4f2","teaser":"","photo_url":"https:\/\/ent.news\/2021\/4\/197.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt is one of three MENA economies that will see GDP growth return to pre-covid levels in 2021 -Fitch - 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\/egypt-is-one-of-three-mena-economies-that-will-see-gdp-growth-return-to-pre-covid-levels-in-2021-fitch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt is one of three MENA economies that will see GDP growth return to pre-covid levels in 2021 -Fitch\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-is-one-of-three-mena-economies-that-will-see-gdp-growth-return-to-pre-covid-levels-in-2021-fitch\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T03:26:12+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\/197.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-is-one-of-three-mena-economies-that-will-see-gdp-growth-return-to-pre-covid-levels-in-2021-fitch\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-is-one-of-three-mena-economies-that-will-see-gdp-growth-return-to-pre-covid-levels-in-2021-fitch\/\",\"name\":\"Egypt is one of three MENA economies that will see GDP growth return to pre-covid levels in 2021 -Fitch - 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