{"id":561898,"date":"2021-04-26T04:00:19","date_gmt":"2021-04-26T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=561898"},"modified":"2025-12-16T03:29:59","modified_gmt":"2025-12-16T03:29:59","slug":"summer-break-comes-early-for-public-schools","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/summer-break-comes-early-for-public-schools\/","title":{"rendered":"Summer break comes early for public schools"},"content":{"rendered":"<section id=\"561900\" 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=\"561900\">\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\/26\/this-morning-schools-out-for-summer-at-public-schools-central-bank-moves-rates-meeting-to-wednesday-28-april-2021\/\">\r\n                            THIS MORNING: School\u2019s out for summer at public schools + central bank moves rates meeting to Wednesday, 28 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 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               <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561900\" class=\"content-area-description single-story post-561900 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-education tag-enterpriseam tag-foreign-minister tag-mostafa-madbouly tag-prime-minister tag-public-schools tag-sameh-shoukry tag-thanaweya-amma tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, everyone \u2014 we\u2019re almost halfway through Ramadan <\/strong>as day 14 gets underway, and we have plenty of news this morning, so let\u2019s get straight to it:<\/p><p><strong>THE BIG NEWS this morning here at home: <\/strong><strong>Summer break is coming early for the nation\u2019s public school students \u2014 but a <\/strong><strong>major cramming session is in order.<\/strong> All students (except those sitting Adadiya and Thanaweya Amma exams) will have their end-of-year exams between today and Wednesday and break for the summer at the end of the week, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1914426218735734\/\">a last-minute decision<\/a> by the Education Ministry yesterday. The timetable for Adadiya and Thanaweya Amma exams remains unchanged, with students expected to sit their exams in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/581b7b74-d0b6-4326-8ac1-9b70e75f27a8\">early July<\/a>. Classroom attendance will remain optional from now until the date of the exams.<\/p><p><strong>Not so fast, private schools:<\/strong> The ministry\u2019s decision doesn\u2019t apply to private schools, where students and teachers will stick to their set study and exam timetables. The only rule is that attendance must be limited to three days a week, the statement said.<\/p><p><strong>Schoolkids up and down the country have covid-19 to thank for their extended summer <\/strong><strong>holiday.<\/strong> We have more in Last Night\u2019s Talk Shows, below.<\/p><p><strong>MEANWHILE: The Central Bank of Egypt\u2019s Monetary Policy Committee will meet to review<\/strong><strong> rates this Wednesday<\/strong>, 28 April, according to <a href=\"https:\/\/ent.news\/2021\/4\/MPC-meeting-April.pdf\">a statement (pdf)<\/a>. The meeting was originally scheduled to take place on Thursday, but the central bank has brought it forward to avoid meeting on a national holiday in observance of Sinai Liberation Day.<\/p><p><strong>All signs point to a hold:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8910da7e-ed9e-445f-b3f5-83332b197e55\">Our poll<\/a> of 14 economists and analysts suggests the central bank will choose to keep rates on hold for another six weeks because of rising commodity prices and higher US yields.<\/p><p><strong>We still don\u2019t know what the holiday schedule is for next week<\/strong> as officials have yet to make clear whether Sunday (Coptic Easter) is a bank holiday. They have also not indicated when we will observe Sham El Nessim, which falls on Monday.<\/p><p><strong>***CATCH UP QUICK<\/strong> on the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>Ambitious tourism targets:<\/strong> Egypt is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/146743c8-8fc0-46d6-ab09-1788aff56eff\">targeting USD 6-7 bn<\/a> in tourism revenues this year and wants visitor numbers to hit 60% of 2019 levels.<\/li>\n<li><strong>Dana Gas is staying put (for now):<\/strong> Dana Gas has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01b8d5f8-2e12-4d57-b40b-90793cd35f14\">abandoned plans<\/a> to offload its Egypt oil and gas portfolio after acquisition talks with Wastani Petroleum broke down.<\/li>\n<li><strong>Heikal walks:<\/strong> Under-fire Information Minister Osama Heikal <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d0d62c63-0cd9-4224-93ed-5407e37938fe\">has resigned<\/a> from his position citing \u201cpersonal reasons.\u201d<\/li>\n<\/ul><p><strong>**So, when do we eat?<\/strong> Listen for Maghreb prayers this evening at 6:29pm, and Fajr prayers at 3:43am.<\/p><p><strong>** <\/strong><strong>We\u2019re very pleased this morning to feature a sponsored message from our <\/strong><strong>friends at the International Finance Corporation <\/strong>on the way forward for healthcare in Egypt. Drop us a line on sales@enterprise.press if you would like to speak directly to our audience of more than 150k unique, engaged and influential readers.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>Foreign Minister Sameh Shoukry will hold talks with his Sudanese counterpart<\/strong> Mariam Al Sadiq Al Mahdi today in Cairo, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=25042021&amp;id=538f0990-aee9-44c7-b06a-5854045f4334\">Al Shorouk<\/a>. The report is light on information but we expect a little thing beginning with G and ending in ERD to be top of the agenda.<\/p><p><strong>Prime Minister Mostafa Madbouly will appear today before the parliament<\/strong> to deliver a statement on the president\u2019s decision to renew the nationwide state of emergency for another three months, effective yesterday, <a href=\"https:\/\/bit.ly\/3gEJxQD\">Masrawy<\/a>reports, citing unnamed parliamentary sources.<\/p><p><strong>It\u2019s Fed week:<\/strong> The US Federal Reserve will kick off its two-day policy meeting tomorrow against a backdrop of a rapidly recovering economy and an accelerating vaccine rollout. All the same, don\u2019t expect any immediate unwinding of the central bank\u2019s crisis measures. Fed chair Jay Powell has said nothing to indicate that policy will remain anything but ultra-loose. Interest rates remain at historic lows and the bank is still purchasing USD 120 bn of bonds every month, a measure that will become increasingly called into question as the economy recovers and inflationary pressures rise. What Powell says about the Fed\u2019s inflation forecasts will be key. <a href=\"https:\/\/www.ft.com\/content\/579a93ef-7a1f-4f01-9e8a-5f9f637f8398\">The FT<\/a> has more.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>The Oscars kicked off a few hours ago:<\/strong> You can <a href=\"https:\/\/www.oscars.org\/\">follow the event live<\/a> as the rest of the awards are announced. Here\u2019s what we know so far:<\/p><ul>\n<li><strong>Best picture<\/strong> went to <a href=\"https:\/\/www.imdb.com\/title\/tt9770150\/\">Nomadland<\/a>, which tells the story of an elderly woman's journey across America after being left rootless by the Great Recession.<\/li>\n<li>Chloe Zhao won <strong>best director<\/strong> for Nomadland, making her the first woman of colour to win the award.<\/li>\n<li>The <strong>best supporting actress<\/strong> nod went to Youn Yuh-jung for her role in <a href=\"https:\/\/www.imdb.com\/title\/tt10633456\/\">Minari<\/a>. Youn is the first Korean actor to take home an Oscar.<\/li>\n<li>Daniel Kaluuya picked up the award for <strong>best supporting actor<\/strong> for his portrayal of Black Panther activist Fred Hampton in <a href=\"https:\/\/www.imdb.com\/title\/tt9784798\/\">Judas and the Black Messiah<\/a> <\/li>\n<li>The award for <strong>best cinematography<\/strong> went to Erik Messerschmidt for his work on <a href=\"https:\/\/www.imdb.com\/title\/tt10618286\/?ref_=fn_al_tt_1\">Mank<\/a><\/li>\n<li>Chrisopher Nolan\u2019s sci-fi mindbender <a href=\"https:\/\/www.imdb.com\/title\/tt6723592\/?ref_=fn_al_tt_1\">Tenet<\/a> won for <strong>best visual effects<\/strong>.<\/li>\n<\/ul><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Finance Minister Mohamed Maait is addressing AmCham\u2019s Pre-Annual General Meeting <\/strong><strong>tomorrow<\/strong> to discuss Egypt\u2019s economic reform beyond the pandemic. The event will be held virtually at 2pm CLT. Members and non-members alike are welcome to attend. <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-registration\/1363\">Register here<\/a>.<\/p><p><strong>Transport Minister Kamel El Wazir will address the House of Representatives tomorrow<\/strong> to discuss his ministry\u2019s plan to overhaul the country\u2019s transportation system, according to the House agenda. El Wazir\u2019s planned appearance in parliament comes after multiple calls from MPs to question the minister or otherwise hold him accountable for the recent spate of railway accidents, including the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ab9ca9b1-c618-437a-9adc-f28c40323304\">Qalyubia train crash<\/a>, which left <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5471cce4-ac14-4359-9c84-7d2fe14fb18a\">23 dead<\/a> and another 139 injured.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> Part 3 of our deep-dive into university entrepreneurship programs. As we reported <a href=\"https:\/\/enterprise.press\/blackboards\/egypts-universities-foster-entrepreneurship\/\">in Part 1<\/a>, these programs play a vital role in creating a pipeline of early-stage entrepreneurs. They\u2019re particularly good at awareness-raising, providing sector-specific knowledge, access to resources, and mentorship, we found <a href=\"https:\/\/enterprise.press\/blackboards\/egyptian-university-entrepreneurship-programs-part-2-getting-right\/\">in Part 2<\/a>. Today, we look at what they could be doing better: teaching governance and accountability; teaching executive leadership; and more service provision.<\/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\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-minister\/\">Foreign Minister<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mostafa-madbouly\/\">Mostafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/prime-minister\/\">prime minister<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-schools\/\">public schools<\/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\/thanaweya-amma\/\">Thanaweya Amma<\/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=\"561901\" 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=\"561901\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/561901\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561901\" class=\"content-area-description single-story post-561901 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=\"561902\" 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=\"561902\">\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\">BUDGET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/finmin-releases-egypts-draft-fy2021-22-budget\/\">\r\n                            FinMin releases Egypt\u2019s draft FY2021-22 budget                        <\/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\/26\/finmin-releases-egypts-draft-fy2021-22-budget\/\" 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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MPs need to approve the draft before the start of the fiscal year on 1 July.<\/p>\n<p><strong>Among the highlights:<\/strong><\/p>\n<p><strong>Our financing gap is expected to increase 7.1% to EGP 1.06 tn<\/strong>, with the bulk of the gap, (nearly EGP 990 bn) to be plugged through local treasury sales. The remainder will come from EGP 66 bn in eurobonds and another EGP 123.8 bn in loans from foreign institutions. At least 70% of all new sovereign issuances in FY2021-2022 will be long-term, as the government continues to <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\">shift to longer tenor debt<\/a>.<\/p>\n<p><strong>The budget deficit is expected to narrow to 6.7% of GDP<\/strong>, from an expected 7.8% in the current fiscal year, before falling to 6.2% in FY 2022-2023. The ministry expects the country\u2019s primary surplus to increase to 1.5% in FY2021-2022 from 0.9% this year, before falling to 1.3% the year after.<\/p>\n<p><strong>Government spending to rise 14% next year:<\/strong> The ministry expects the government to spend EGP 1.84 tn in FY 2021-2022, up 14% from its EGP 1.61 tn projected spend this year.<\/p>\n<p><strong>But revenue growth to outpace rise in spending:<\/strong> Revenues are forecast to rise 22% to reach EGP 1.36 tn during the year. This will be driven by an 18% rise in tax collection, which will bring in EGP 983 bn compared to an expected EGP 830 bn in the current fiscal year. Income from other sources will rise 33% to EGP 380 bn.<\/p>\n<p><strong>Debt service will account for almost a third of government spending<\/strong>, with payments remaining the largest single spending item in the budget, rising more than 2% to EGP 579 bn.<\/p>\n<p><strong>Health and education will see the largest spending increases:<\/strong> Spend on healthcare will rise 16% to EGP 108.8 bn while education will receive EGP 172.6 bn, up almost 10% on FY 2020-2021.<\/p>\n<p><strong>But less will be spent on welfare programs:<\/strong> The ministry has allocated EGP 283 bn to social protection programs in the coming year, down slightly from EGP 286 bn this year.<\/p>\n<p><strong>Other key spending figures:<\/strong><\/p>\n<ul>\n<li><strong>The public wage bill<\/strong> will rise 11% to EGP 361 bn, largely <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/764063d4-872f-47d3-98a6-2626b9979c09\">as raises for government employees and civil servants<\/a> come into effect on 1 July.<\/li>\n<li><strong>Subsidies and social welfare payments<\/strong> will climb 5% to EGP 321 bn, but fuel subsidy spending is projected to drop 35% to EGP 18.4 bn.<\/li>\n<li><strong>Public investment <\/strong>will rise 54.5% to EGP 358 bn.<\/li>\n<li>Spending on buying <strong>goods and services for the government<\/strong> will climb a bit over 22% to EGP 103 bn.<\/li>\n<li><strong>State grain buyer GASC will provide 8.6 mn tonnes of wheat in FY2021-2022<\/strong>, 5.1 mn of which will be imported.<\/li>\n<li><strong>EGP 2 bn in incentives<\/strong> will be paid out during the fiscal year <strong>to encourage car owners to replace outdated cars<\/strong> with natural gas-powered vehicles under the state\u2019s multi-year <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35e33c41-388d-49c0-9bcc-5fc5772c6569\">natgas transition plan<\/a>.<\/li>\n<\/ul>\n<p>Also in the forecast:<\/p>\n<ul>\n<li><strong>GDP growth:<\/strong> 5.4%;<\/li>\n<li><strong>Public debt:<\/strong> 89.5% of GDP<\/li>\n<li><strong>Oil prices (Brent): <\/strong>USD 60 \/ bbl.<\/li>\n<li><strong>Wheat prices (AHDB futures): <\/strong>USD 255 \/ tonne.<\/li>\n<\/ul>\n<p><strong>The budget is getting attention from the foreign press:<\/strong> <a href=\"https:\/\/www.reuters.com\/article\/idUSL8N2MI07E\">Reuters<\/a> has the story.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budget-watch\/\">budget watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561904\" 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=\"561904\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/were-still-a-carry-trade-darling\/\">\r\n                            We\u2019re still a carry trade darling                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/were-still-a-carry-trade-darling\/&title=We\u2019re still a carry trade darling\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=We%E2%80%99re+still+a+carry+trade+darling+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Fwere-still-a-carry-trade-darling%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\/26\/were-still-a-carry-trade-darling\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/263.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561905\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/were-still-a-carry-trade-darling\/263-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/263.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"263.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/263.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/263.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561904\" class=\"content-area-description single-story post-561904 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-bonds tag-carry-trade tag-debt tag-economy tag-emerging-markets tag-enterpriseam tag-foreign-reserves 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>Egypt\u2019s carry trade is set to continue its upward trajectory thanks to our attractive<\/strong><strong> real interest rates and low-risk environment<\/strong>, Hasnain Malik, head of equity research at emerging markets research firm Tellimer, told Bloomberg (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2021-04-25\/tellimer-s-malik-on-syrian-missile-strike-in-israel-opportunity-in-tourism-and-egypt-s-carry-trade-video?sref=mmeFTDW1\">watch, runtime: 6:57<\/a>). \u201cWith a real interest rate close to 4%, very low currency risk because you\u2019ve got very healthy FX reserves, and you\u2019ve also got the policy credibility gains from the IMF program still there \u2014 that will last for some time,\u201d Malik said.<\/p>\n<p><strong>We\u2019re set to overtake Turkey as the most attractive EM carry trade:<\/strong> \u201cThe Egyptian carry trade has remained an investor favourite,\u201d particularly as confidence in the Turkish carry trade craters with the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c26280f6-c360-40d2-9c0b-a16da0ed6b86\">downward spiral of the TRY<\/a> following the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8aec33ff-7ac6-4c37-ac87-0e08f836cad9\">dismissal of the central bank governor<\/a> last month, Tellimer\u2019s Patrick Curran wrote in a recent <a href=\"https:\/\/tellimer.com\/article\/turkey-and-egypt-divergence-between-carry-tra\">research note.<\/a> HC Securities\u2019 Monette Doss estimates that Turkey has a real yield of around 4% on 19-month bills compared to the 3.9% yield offered by one-year Egyptian treasuries.<\/p>\n<p><strong>As important as the carry trade is, high rates may discourage private sector investment:<\/strong> \u201cThe paradox in Egypt is that we\u2019d like to see a bit more of private sector-led growth,\u201d rather than having the focus centered squarely on foreign inflows into the local currency debt market, said Malik. This is unlikely to happen while interest rates remain elevated, as investors will continue to be drawn to low-risk, high-return government bonds instead of choosing to pour into private sector investments.<\/p>\n<p><strong>And they could hurt the equity market: <\/strong>Egyptian equities \u201cto remain [underpriced] and moribund for a little bit longer\u201d thanks to the high interest rate environment, said Malik. The EGX ended a near two-year IPO drought earlier this month when education outfit <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/efe90c27-9d82-4363-b78d-b70a052f2cd7\">Taaleem made its debut on the bourse<\/a>.<\/p>\n<p><strong>Regardless, the carry trade remains a priority: <\/strong>All 14 economists <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8910da7e-ed9e-445f-b3f5-83332b197e55\">we surveyed<\/a> last week said they expected the Central Bank\u2019s Monetary Policy Committee to leave rates on hold during its upcoming meeting, with many citing the need to protect the attractiveness of Egypt\u2019s carry trade as reasoning for the hold.<\/p>\n<p><strong>What the heck is a carry trade, anyway?<\/strong> We have a handy explainer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1eb6d15c-55a3-4fd5-a26e-b11c728512b4\">here<\/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\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carry-trade\/\">carry trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/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\/foreign-reserves\/\">foreign reserves<\/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=\"561906\" 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=\"561906\">\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\">COMPETITION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/smoke-em-if-youve-got-em\/\">\r\n                            Smoke \u2018em if you\u2019ve got \u2018em                        <\/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\/26\/smoke-em-if-youve-got-em\/\" 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\/26\/smoke-em-if-youve-got-em\/')\">\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\/26\/smoke-em-if-youve-got-em\/\">\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=Smoke \u2018em if you\u2019ve got \u2018em&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/smoke-em-if-youve-got-em\/\">\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\/26\/smoke-em-if-youve-got-em\/&title=Smoke \u2018em if you\u2019ve got \u2018em\">\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=Smoke+%E2%80%98em+if+you%E2%80%99ve+got+%E2%80%98em+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Fsmoke-em-if-youve-got-em%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\/26\/smoke-em-if-youve-got-em\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561906\" class=\"content-area-description single-story post-561906 post type-post status-publish format-standard hentry category-competition-watch tag-competition-watch tag-eastern-company tag-egyptian-competition-authority tag-enterpriseam tag-industrial-development-authority tag-manufacturing 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>New rules <\/strong><strong>for <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc6218c5-a369-4987-b5ec-3e9aa59744bb\">the license<\/a><\/strong><strong> to establish Egypt\u2019s second major tobacco company are <\/strong><strong>now officially being drawn up<\/strong> <strong>by the government<\/strong>, a month after several tobacco players <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffc1052f-8eb7-40e9-942a-4dae46ce0b3b\">filed a formal complaint<\/a> asking the state to rewrite the conditions booklet, <a href=\"https:\/\/alborsaanews.com\/2021\/04\/25\/1437208\">the local press<\/a> reports, citing anonymous government sources. Advisors are working with the cabinet to draft a new document after the issue was brought to the prime minister, the sources said. The new booklet will address concerns raised by tobacco companies that the license would have given way to a new monopolist in the e-cigarettes and heated tobacco segments.<\/p>\n<p><strong>Why do investors care so much about a cigarette company? <\/strong>It\u2019s simple: Eastern Company, the current monopoly, is one of the richest dividend plays in our neck of the woods.<\/p>\n<p><strong>Background:<\/strong> The Industrial Development Authority (IDA) issued last month a tender for a license that would have curtailed Eastern Company\u2019s monopoly over the country\u2019s tobacco industry. Several major players were invited to compete, but some \u2014 British American Tobacco Egypt and Al Mansour International Distribution Company \u2014 objected to the conditions and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9ab1edb-e80e-4a07-a581-5b7effab2569\">pleaded<\/a> with the Egyptian Competition Authority (ECA) that the rules would effectively create a monopoly on alternative tobacco products.<\/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\/competition-watch\/\">competition watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-company\/\">Eastern Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-competition-authority\/\">Egyptian Competition Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industrial-development-authority\/\">Industrial Development Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/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=\"561907\" 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=\"561907\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/elmenus-eyes-africa-expansion-by-the-end-of-the-year\/\">\r\n                            Elmenus eyes Africa expansion by the end of the year                        <\/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\/26\/elmenus-eyes-africa-expansion-by-the-end-of-the-year\/\" 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\/26\/elmenus-eyes-africa-expansion-by-the-end-of-the-year\/')\">\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\/26\/elmenus-eyes-africa-expansion-by-the-end-of-the-year\/\">\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=Elmenus eyes Africa expansion by the end of the year&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/elmenus-eyes-africa-expansion-by-the-end-of-the-year\/\">\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\/26\/elmenus-eyes-africa-expansion-by-the-end-of-the-year\/&title=Elmenus eyes Africa expansion by the end of the year\">\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=Elmenus+eyes+Africa+expansion+by+the+end+of+the+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Felmenus-eyes-africa-expansion-by-the-end-of-the-year%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\/26\/elmenus-eyes-africa-expansion-by-the-end-of-the-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/264.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561908\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/elmenus-eyes-africa-expansion-by-the-end-of-the-year\/264-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/264.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"264.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/264.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/264.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561907\" class=\"content-area-description single-story post-561907 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-elmenus tag-enterpriseam tag-food-and-beverage tag-otlob tag-startup-watch tag-startups tag-talabat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>Online food delivery platform Elmenus is planning to expand into new African markets by the <\/strong><strong>end of the year<\/strong>, our friend Amir Allam, the company\u2019s founder and CEO, tells <a href=\"https:\/\/bit.ly\/3dVcQgp\">Al Mal<\/a>. Elmenus has not yet identified target countries but the expansion would begin with countries that are demographically similar to Egypt, Allam said. The Algebra Ventures-backed platform also plans to expand its food delivery services from Alexandria and Cairo to 15 governorates by the end of the year and is aiming to grow its market share to 50%, from the current 20%, within the next two years.<\/p>\n<p><strong>Despite rapid growth, the food delivery market still has a lot of untapped potential<\/strong>, Allam says. The company has seen a boom in revenues and market value on the back of the sector\u2019s rapid growth during covid-19, but more than 90% of Egyptians ordering takeout still do so by phone, Allam says, meaning the USD 2.5 bn market still has huge growth potential.<\/p>\n<p><strong>The food delivery sector is on fire in Egypt right now:<\/strong> Former Just Eat CEO David Buttress invested an undisclosed amount in Elmenus<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d93972d-5cc5-4245-bdf7-8a425a607272\">earlier this year<\/a> and has joined the company\u2019s board of directors, after the company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2f9ba2d1-6061-4a48-8bbd-c412220d7703\">raised USD 8 mn<\/a> in a funding round last year. With Uber Eats\u2019 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94b23f6d-874a-4f4e-89f2-8bad152190ff\">Middle East exit<\/a> last year, online retail platform Jumia is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88046d38-28ad-4bad-a352-29ce397119a9\">looking to launch its Jumia Food services<\/a> in Egypt soon, while Kuwaiti food tech startup Zyda <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/02112123-956c-4cd8-b527-1711531fc030\">launched in Egypt<\/a> with plans to invest USD 2 mn. Last year also saw Berlin-based Delivery Hero\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b3c396d-a958-4703-b484-da0cdc8fccf1\">buyout and rebranding<\/a> of food delivery platform Otlob \u2014 which had at one time first-mover advantage in the sector, dating to the \u201cdotcom boom\u201d days \u2014 as Talabat.<\/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\/elmenus\/\">Elmenus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/otlob\/\">Otlob<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talabat\/\">Talabat<\/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=\"561909\" 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=\"561909\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/cairo-angels-invests-in-kashat\/\">\r\n                            Cairo Angels invests in Kashat                        <\/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\/26\/cairo-angels-invests-in-kashat\/\" 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\/26\/cairo-angels-invests-in-kashat\/')\">\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\/26\/cairo-angels-invests-in-kashat\/\">\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=Cairo Angels invests in Kashat&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/cairo-angels-invests-in-kashat\/\">\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\/26\/cairo-angels-invests-in-kashat\/&title=Cairo Angels invests in Kashat\">\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=Cairo+Angels+invests+in+Kashat+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Fcairo-angels-invests-in-kashat%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\/26\/cairo-angels-invests-in-kashat\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/266.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561910\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/cairo-angels-invests-in-kashat\/266-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/266.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"266.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/266.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/266.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561909\" class=\"content-area-description single-story post-561909 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-cairo-angels tag-enterpriseam tag-financial-inclusion tag-fintech tag-kashat tag-non-banking-financial-services tag-startup-watch tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>Kashat has landed Cairo Angels\u2019 largest investment to date:<\/strong> VC firm <a href=\"https:\/\/cairoangels.com\/\">Cairo Angels<\/a> has made an undisclosed investment in our friends at <a href=\"https:\/\/kashat.com.eg\/en\/\">Kashat<\/a>, according to <a href=\"https:\/\/ent.news\/2021\/4\/Kashat-Press-Release.pdf\">a press release (pdf)<\/a>. The statement did not disclose the exact value of the investment, saying only that it is the \u201c<strong>largest investment in Cairo Angels\u2019 history<\/strong>.\u201d Co-founders Karim Nour and Sumair Farooqui told us <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ab891d9a-226f-48ac-ada7-ca0e51b64335\">last month<\/a> that the investment was part of a private seed-extension round led by Cairo Angels, which closed in December.<\/p>\n<p><strong>About Kashat:<\/strong> The company, one of Egypt\u2019s hottest fintech startups, is a nanoloan provider that offers small productive facilities of between EGP 200-1.5k to Egypt\u2019s large unbanked population, with a repayment period of up to 61 days. Kashat is Egypt\u2019s first FRA-regulated nano-finance player and has integrated with leading e-payment platform Fawry, as well as Vodafone Cash and Aman.<\/p>\n<p><em>CORRECTION- 26 April 2021<\/em><\/p>\n<p><em>An earlier version of this story incorrectly spelled Farooqui.<\/em><\/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\/cairo-angels\/\">Cairo Angels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-inclusion\/\">financial inclusion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kashat\/\">Kashat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/non-banking-financial-services\/\">non-banking financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561911\" 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=\"561911\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/evergrow-mulls-offering-40-stake-in-ipo\/\">\r\n                            Evergrow mulls offering 40% stake in IPO                        <\/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\/26\/evergrow-mulls-offering-40-stake-in-ipo\/\" 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\/26\/evergrow-mulls-offering-40-stake-in-ipo\/')\">\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\/26\/evergrow-mulls-offering-40-stake-in-ipo\/\">\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=Evergrow mulls offering 40% stake in IPO&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/evergrow-mulls-offering-40-stake-in-ipo\/\">\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\/26\/evergrow-mulls-offering-40-stake-in-ipo\/&title=Evergrow mulls offering 40% stake in IPO\">\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=Evergrow+mulls+offering+40%25+stake+in+IPO+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Fevergrow-mulls-offering-40-stake-in-ipo%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\/26\/evergrow-mulls-offering-40-stake-in-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/267.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561912\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/evergrow-mulls-offering-40-stake-in-ipo\/267-jpg-49\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/267.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"267.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/267.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/267.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561911\" class=\"content-area-description single-story post-561911 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-arab-african-international-bank tag-banking tag-banque-misr tag-debt tag-efg-hermes tag-egx tag-enterpriseam tag-evergrow tag-ipo-watch tag-mashreq-bank tag-national-bank-of-egypt wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Egyptian fertilizer company Evergrow plans to offer a 40% stake in an IPO on<\/strong><strong> the EGX in 2023<\/strong>, Chairman Mohamed El Kheshen told <a href=\"https:\/\/bit.ly\/3vhEael\">Hapi Journal<\/a>. This appears to be a larger offering than the 30% stake Evergrow <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0a5d217-ac7b-4aa9-b91f-2449f5908510\">said last year<\/a> it planned to sell in a public offering in 2022. The chairman did not specify how much Evergrow is looking to raise from the sale.<\/p>\n<p><strong>EFG Hermes is quarterbacking the transaction<\/strong>, El Kheshen said.<\/p>\n<p><strong>The company is trying to fix its finances:<\/strong> Evergrow is undergoing a three-month restructuring as it looks to solve its financial problems <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=26122020&id=0e6f840b-56a2-4ae9-b8ac-2c1dbdf0e172\">caused by the EGP float<\/a> in 2016. Once complete, Evergrow will become a holding company bringing together its six subsidiaries under its umbrella, and is expected to be valued at EGP 15 bn, El Kheshen said. The restructuring will be backed in part by a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c4797115-2730-42ce-84e5-aab1757d0254\">USD 400 mn facility<\/a> from a group of regional banks, which will be used to restructure existing debts and finance the completion of third phase of its Sadat City complex, which was held back by the devaluation.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-african-international-bank\/\">Arab African International Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evergrow\/\">Evergrow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mashreq-bank\/\">Mashreq Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561913\" 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=\"561913\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/seiis-bid-to-acquire-al-babtain-egypt-stake-is-over\/\">\r\n                            SEII\u2019s bid to acquire Al Babtain Egypt stake is over                        <\/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\/26\/seiis-bid-to-acquire-al-babtain-egypt-stake-is-over\/\" 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\/26\/seiis-bid-to-acquire-al-babtain-egypt-stake-is-over\/')\">\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\/26\/seiis-bid-to-acquire-al-babtain-egypt-stake-is-over\/\">\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=SEII\u2019s bid to acquire Al Babtain Egypt stake is over&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/seiis-bid-to-acquire-al-babtain-egypt-stake-is-over\/\">\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\/26\/seiis-bid-to-acquire-al-babtain-egypt-stake-is-over\/&title=SEII\u2019s bid to acquire Al Babtain Egypt stake is over\">\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=SEII%E2%80%99s+bid+to+acquire+Al+Babtain+Egypt+stake+is+over+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Fseiis-bid-to-acquire-al-babtain-egypt-stake-is-over%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\/26\/seiis-bid-to-acquire-al-babtain-egypt-stake-is-over\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561913\" class=\"content-area-description single-story post-561913 post type-post status-publish format-standard hentry category-ma-watch tag-covid-19 tag-enterpriseam tag-ma-watch tag-saudi-egyptian-industrial-investment wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Saudi Egyptian Industrial Investment won\u2019t be acquiring a stake in Al Babtain\u2019s<\/strong> <strong>Egypt unit:<\/strong> A bid by Saudi Egyptian Industrial Investment (SEII) to acquire a stake in Al Babtain Power & Telecom Egypt looks to be over after the Tadawul-listed company said yesterday that acquisition talks between the companies have been suspended. In <a href=\"https:\/\/bit.ly\/3tSbYi1\">a disclosure<\/a> to the Saudi exchange, Al Babtain said the talks had come to an end due to \u201cunstable\u201d economic conditions and \u201cunclear\u201d market outlook caused by covid-19, and that the companies were unable to reach a mutually acceptable shareholder agreement.<\/p>\n<p><strong>Background:<\/strong> In December 2019, SEII signed a <a href=\"https:\/\/bit.ly\/3xm7YZb\">four-month letter of intent<\/a> with Al Babtain\u2019s Egyptian unit to negotiate acquiring an undisclosed stake in the firm via a capital increase. The original MoU was then extended five times by the companies, which Al Babtain attributed to <a href=\"https:\/\/bit.ly\/2QpkXsC\">complications caused by the pandemic<\/a> and <a href=\"https:\/\/bit.ly\/3dOi8dd\">slow progress agreeing terms<\/a>.<\/p>\n<p><strong>An IPO in the cards?<\/strong> Al Babtain will continue to study the possibility of offering a part of its Egyptian subsidiary on the EGX, it 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\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-egyptian-industrial-investment\/\">Saudi-Egyptian Industrial Investment<\/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=\"561914\" 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=\"561914\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/houses-passes-tougher-fgm-penalties\/\">\r\n                            Houses passes tougher FGM penalties                        <\/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\/26\/houses-passes-tougher-fgm-penalties\/\" 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\/26\/houses-passes-tougher-fgm-penalties\/')\">\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\/26\/houses-passes-tougher-fgm-penalties\/\">\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=Houses passes tougher FGM penalties&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/houses-passes-tougher-fgm-penalties\/\">\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\/26\/houses-passes-tougher-fgm-penalties\/&title=Houses passes tougher FGM penalties\">\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=Houses+passes+tougher+FGM+penalties+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Fhouses-passes-tougher-fgm-penalties%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\/26\/houses-passes-tougher-fgm-penalties\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/269.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561915\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/houses-passes-tougher-fgm-penalties\/269-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/269.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"269.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/269.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/269.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561914\" class=\"content-area-description single-story post-561914 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-abdel-fattah-el-sisi tag-electricity tag-emergency-act tag-energy tag-enterpriseam tag-fgm tag-giz tag-house-of-representatives tag-legislation-watch tag-regulation tag-renewable-energy tag-smes wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>People will face tougher penalties for committing female genital mutilation<\/strong> after the House yesterday approved amendments to the penal code that would hand jail terms of up to 20 years to people found guilty, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=25042021&id=1150c13e-56c3-4ae1-8209-5ff4e40ce8dd\">Al Shorouk<\/a> reports. A minimum five-year jail term will be handed to individuals found guilty of committing FGM. Perpetrators will receive minimum seven years\u2019 hard labor if the act resulted in permanent disability and at least 10 years\u2019 hard labor if it causes the girl to die.<\/p>\n<p><strong>Doctors carrying out FGM face harsher penalties:<\/strong> Doctors and nurses could face up to 10-year sentences if they cause permanent disability and between 15-20 years in the event of death. Clinics and licensed facilities belonging to guilty practitioners will be closed for five years.<\/p>\n<p><strong>ALSO FROM THE HOUSE-<\/strong><\/p>\n<p><strong>The nationwide<\/strong> <strong>state of emergency will remain in place for another<\/strong> <strong>three months<\/strong> after the president issued <a href=\"https:\/\/ent.news\/2021\/4\/nationwide-emergency-state.pdf&sa=D&source=editors&ust=1619381555047000&usg=AOvVaw3eTQG0hxCadWTx0SOb77CJ\">a decree (pdf)<\/a> extending it effective yesterday.<\/p>\n<p><strong>A <\/strong><strong><a href=\"https:\/\/www.giz.de\/en\/worldwide\/43438.html\">GIZ-backed program<\/a><\/strong><strong> that aims to broaden MSME access to financial <\/strong><strong>services <\/strong><strong><a href=\"http:\/\/www.parliament.gov.eg\/News_Show.aspx?frm=3985\">earned the House\u2019s approval<\/a><\/strong> yesterday. The project will see the German development agency work with the Financial Regulatory Authority and the Central Bank of Egypt to improve financial regulations impacting SMEs and provide technical support to non-bank lenders, among other measures. The project was greenlit by the president late last year.<\/p>\n<p><strong>The Hydro Power Plant Authority is one step closer to being scrapped<\/strong> after the House Energy and Environment Committee yesterday approved a bill that would put a new Renewable Energy Development Agency in control of the country\u2019s hydroelectric assets, <a href=\"https:\/\/bit.ly\/32PsFi2\">Masrawy<\/a>reports. The bill has been collecting dust in the House for more than a year, having <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/51255a5a-6e45-4233-8281-12256c786439\">received preliminary approval<\/a> by the committee in March 2020.<\/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\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emergency-act\/\">Emergency Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fgm\/\">FGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giz\/\">GiZ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561916\" 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=\"561916\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/561916\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561916\" class=\"content-area-description single-story post-561916 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-Estate2-1600px.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=\"561917\" 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=\"561917\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/talk-shows-on-26-april-2021-schools-out-for-summer\/\">\r\n                            Talk shows on 26 April 2021: School\u2019s out for summer                        <\/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 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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/talk-shows-on-26-april-2021-schools-out-for-summer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561917\" class=\"content-area-description single-story post-561917 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-education tag-enterpriseam tag-information-ministry tag-last-nights-talk-shows tag-osama-heikal tag-tarek-shawki 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-07\"><\/a> <strong>Covid-19 was again at the top of the agenda on the nation\u2019s talk shows<\/strong>, with President Abdel Fattah El Sisi\u2019s vaccination leading coverage. The talking heads used El Sisi getting the jab to reinforce the message that all vaccines used in Egypt are safe. Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=iCMDmTYbjmk\">watch, runtime: 4:44<\/a>), Ala Mas\u2019ouleety (<a href=\"https:\/\/www.youtube.com\/watch?v=Lktl21heuWk\">watch, runtime: 4:39<\/a>) and El Hekaya (<a href=\"https:\/\/www.youtube.com\/watch?v=WMSpcTmtWz4\">watch, runtime 5:40<\/a>) all had coverage.<\/p>\n<p><strong>Warnings of covid-19 surge:<\/strong> Presidential health advisor Mohamed Awad Tag Eldin told Ala Mas\u2019ouleety in a phone interview said that recent increases in covid-19 cases are due to the public not adhering to precautionary measures especially in crowded public areas, and warned that further increases will put pressure on hospital beds and oxygen supplies (<a href=\"https:\/\/www.youtube.com\/watch?v=O5mvT8nU6jA\">watch, runtime 16:49<\/a>). Tag Eldin said it is legitimate for the public to have concerns over the vaccines but sought to assure viewers that no adverse effects have yet been detected in Egypt<\/p>\n<p><strong>School\u2019s out early thanks to covid:<\/strong> The Education Ministry\u2019s decision to give an early summer break to the public school students had also got widespread coverage on the airwaves last night. Education Minister Tarek Shawki told El Hekaya\u2019s Amr Adib that the decision was initially taken by his ministry, not the country\u2019s covid-19 crisis management committee, and said that most of the annual curriculum has already been covered (<a href=\"https:\/\/www.youtube.com\/watch?v=87G_Mk2pnvo\">watch, runtime: 16:31<\/a>). The decision will see some 21 mn students staying closer to home and will hopefully help curb the recent rise in cases, he said.<\/p>\n<p><strong>Adadiya exams will take place across the country in June<\/strong>, Shawki said. Thanaweya Amma students will take experimental exams in May and full simulation tests in June before sitting their final exams in July and August.<\/p>\n<p><strong>It\u2019s business as usual at the nation\u2019s universities:<\/strong> Higher Education Minister Khaled Abdel Ghaffar said universities would not break early for summer, telling Amr Adibi last night that currently there\u2019s nothing to worry about (<a href=\"https:\/\/www.youtube.com\/watch?v=dCQrXc0l5BM\">watch, runtime 6:32<\/a>).<\/p>\n<p><strong>Why aren\u2019t uni students getting a break too?<\/strong> Simply put, their hybrid learning model has been a lot more effective at preventing the spread of covid, Tag Eldin told Moussa. The government is closely monitoring universities and will take a similar decision if necessary, he said.<\/p>\n<p><strong>And finally: The resignation of Information Minister <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d0d62c63-0cd9-4224-93ed-5407e37938fe\">Osama Heikal<\/a><\/strong> was picked up by<\/p>\n<p>El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=Od1H29cy2Bk\">watch, runtime 1:47<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/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\/information-ministry\/\">Information Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/osama-heikal\/\">Osama Heikal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-shawki\/\">Tarek Shawki<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/thanaweya-amma\/\">Thanaweya Amma<\/a>\n                <!-- <span 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decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button 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         class=\"\r\n                story-section            \"\r\n            id=\"561919\">\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\">A MESSAGE FROM<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/561919\/\">\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 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access to healthcare services, is a turning point for Egypt\u2019s healthcare. Even so, Egypt\u2019s healthcare system needs more than <a href=\"https:\/\/www.ifc.org\/wps\/wcm\/connect\/publications_ext_content\/ifc_external_publication_site\/publications_listing_page\/cpsd-egypt\">USD 10 bn<\/a> in the coming decades to meet fast-growing demand from patients.<\/p>\n<p>The private sector can help bridge that funding gap, increase access to healthcare, and raise the quality of services. In a webinar bringing together government and private stakeholders, the International Financial Corporation (IFC) sheds light on the importance of public-private partnerships and open dialogue to develop the healthcare sector, as well as the action points outlined in the recently-published <a href=\"https:\/\/www.ifc.org\/wps\/wcm\/connect\/publications_ext_content\/ifc_external_publication_site\/publications_listing_page\/cpsd-egypt\">Egypt Country Private Sector Diagnostic<\/a>. It was the first in a series of webinars, entitled The Egypt of Tomorrow, exploring the private sector\u2019s role in supporting and accelerating the development of some of Egypt\u2019s most important industries and sectors.<\/p>\n<p>Webinar participants, including IFC\u2019s representatives, global healthcare experts, government officials, and private sector investors, agreed that a partnership between the government and the private sector is pivotal to implement a development vision for Egypt\u2019s healthcare sector. Participants also praised progress in the sector and stressed the need for open dialogue to continue its development.<\/p>\n<p>Among the speakers were International Cooperation Minister Dr. Rania Al-Mashat; General Authority for Healthcare Accreditation and Regulations Chairman Dr. Ashraf Ismail; Health Ministry and the General Authority of Healthcare representative Dr. Magdy Bakr; Universal Health Ins. Authority CEO Hossam Sadek; Cleopatra Hospitals Group CEO Dr. Ahmed Ezzeldin; Integrated Diagnostics Holding CEO Dr. Hend El Sherbini; and Tana Africa Managing Director Mark Tindall.<\/p>\n<p><strong>Tomorrow:<\/strong> IFC presents the takeaways from the Egypt of Tomorrow webinar. Tune in to read about how best to advance Egyptian healthcare.<\/p>\n<p><strong>About #IFCinEgypt:<\/strong> Egypt is home to IFC\u2019s largest portfolio in the Middle East and North Africa. Over the past decade, IFC has invested nearly USD 4 bn in the country, helping to create jobs and reduce poverty. IFC has invested over USD 241 mn in Egypt\u2019s healthcare sector.<\/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=\"561920\" 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=\"561920\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/egypt-national-football-coach-hossam-el-badry-has-covid\/\">\r\n                            Egypt national football coach Hossam El Badry has covid                        <\/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\/26\/egypt-national-football-coach-hossam-el-badry-has-covid\/\" 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\/26\/egypt-national-football-coach-hossam-el-badry-has-covid\/')\">\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\/26\/egypt-national-football-coach-hossam-el-badry-has-covid\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt national football coach Hossam El Badry has covid&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/egypt-national-football-coach-hossam-el-badry-has-covid\/\">\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\/26\/egypt-national-football-coach-hossam-el-badry-has-covid\/&title=Egypt national football coach Hossam El Badry has covid\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+national+football+coach+Hossam+El+Badry+has+covid+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Fegypt-national-football-coach-hossam-el-badry-has-covid%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\/26\/egypt-national-football-coach-hossam-el-badry-has-covid\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561920\" class=\"content-area-description single-story post-561920 post type-post status-publish format-standard hentry category-covid-watch tag-china tag-covid-19 tag-enterpriseam tag-india tag-joe-biden tag-pfizer tag-russia tag-south-africa tag-sports tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/366419531575332\">reported<\/a><\/strong><strong> 953 new covid-19 infections yesterday<\/strong>, up from 912 the day before. Egypt has now disclosed a total of 222,523 confirmed cases of covid-19. The ministry also reported 51 new deaths, bringing the country\u2019s total death toll to 13,049.<\/p>\n<p><strong>Egypt\u2019s national soccer team coach Hossam El Badry has tested positive for <\/strong><strong>covid-19 <\/strong>after his daughter contracted the virus earlier this month, the Egyptian Football Association said in a <a href=\"https:\/\/www.facebook.com\/efasocial\/posts\/1864201767069588\">statement<\/a>. <a href=\"https:\/\/apnews.com\/article\/international-soccer-world-cup-cairo-coronavirus-pandemic-qatar-c010e7cf56603f053a2e15176dee06ac\">The Associated Press<\/a> also covered the story.<\/p>\n<p><strong>IN GLOBAL COVID NEWS-<\/strong><\/p>\n<ul>\n<li><strong>US vows medical aid for India:<\/strong> The US will send medical and protective equipment as well as raw materials required for covid-19 vaccines to India as it grapples with an unprecedented swell in covid cases. (See tweets <a href=\"https:\/\/twitter.com\/JakeSullivan46\/status\/1386359529865162752\/photo\/1\">here<\/a> and <a href=\"https:\/\/twitter.com\/POTUS\/status\/1386401947729633280?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1386401947729633280%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.reuters.com%2Fworld%2Findia%2Fus-provide-vaccine-components-medical-supplies-india-2021-04-25%2F\">here<\/a>.)<\/li>\n<li><strong>American pharma firms are playing the Russia card in a bid to keep their covid <\/strong><strong>vaccine patents:<\/strong> US vaccine makers have warned US officials in closed meetings that Russia and China may get hold of their newly-developed mRNA technology if the government goes ahead and temporarily waives intellectual property rights for covid-19 jabs, the <a href=\"https:\/\/www.ft.com\/content\/fa1e0d22-71f2-401f-9971-fa27313570ab\">Financial Times<\/a> reports.<\/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\/china\/\">China<\/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\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/joe-biden\/\">Joe Biden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-africa\/\">South Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561921\" 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=\"561921\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/egypt-in-the-news-on-26-april-2021\/\">\r\n                            Egypt in the News on 26 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\/26\/egypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-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=Egypt in the News on 26 April 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/egypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-april-2021\/&title=Egypt in the News on 26 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=Egypt+in+the+News+on+26+April+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Fegypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-april-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561921\" class=\"content-area-description single-story post-561921 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a super slow morning in the pages of the foreign press:<\/strong> The solitary article is brought to us by <a href=\"https:\/\/www.ft.com\/content\/c3ab9e30-2f57-4d0e-89a5-a37c2c721388\">the Financial Times<\/a>, which features an Egyptian respondent in a reader poll that highlights the precarious financial situations faced by younger generations across the world. Egyptian youth are struggling most with financial uncertainty, making planning for the future hard and taking risks impossible, says the salmon-colored paper\u2019s Egyptian reader.<\/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=\"561922\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561923\" 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=\"561923\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/what-the-markets-are-doing-on-26-april-2021\/\">\r\n                            What the markets are doing on 26 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\/26\/what-the-markets-are-doing-on-26-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\/26\/what-the-markets-are-doing-on-26-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\/26\/what-the-markets-are-doing-on-26-april-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What the markets are doing on 26 April 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/what-the-markets-are-doing-on-26-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\/26\/what-the-markets-are-doing-on-26-april-2021\/&title=What the markets are doing on 26 April 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+the+markets+are+doing+on+26+April+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F04%2F26%2Fwhat-the-markets-are-doing-on-26-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\/26\/what-the-markets-are-doing-on-26-april-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561923\" class=\"content-area-description single-story post-561923 post type-post status-publish format-standard hentry category-planet-finance tag-chevron tag-covid-19 tag-enterpriseam tag-exxonmobil tag-financial-markets tag-oil-and-gas tag-planet-finance tag-shell tag-totalenergies wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong><a class=\"content-anchor\" id=\"tldr-story-10\"><\/a> Higher crude prices won't give Big Oil its swagger back:<\/strong> Although the recent recovery of Brent crude prices is helping the world\u2019s top oil and gas producers compensate for their 2020 losses, Big Oil is unlikely to reap benefits. After taking on debt last year to keep up with the financial strain of maintaining dividend payouts in 2020, oil majors such as ExxonMobil and Total are now directing surplus revenues to pay down their pandemic-induced debts, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-25\/big-oil-sees-cash-rolling-in-but-investors-won-t-get-it-yet?sref=mmeFTDW1\">Bloomberg<\/a> reports. Major oil companies now \u201chave limited appeal as long-term investments because they can\u2019t demonstrate that they can deliver cashflow on a sustainable basis and return it on a sustainable basis,\u201d JPMorgan Chase &amp; Co.\u2019s head of EMEA oil and gas Christyan Malek tells the business information service.<\/p><p><strong>MARKET WATCH-<\/strong> <strong>Western economies are poised for a consumer-led rebound <\/strong>from covid as vaccinations gradually restore normalcy, says the <a href=\"https:\/\/www.wsj.com\/articles\/the-west-looks-past-covid-19-and-sees-economic-resurgence-11619343619?mod=hp_lead_pos2\">Wall Street Journal<\/a>. Vaccinated people could return with force to shops and hotels, releasing savings they had amassed during the pandemic \u2014 which Moody\u2019s Analytics estimates exceeds USD 5.4 tn worldwide.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\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>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,604<\/p>\n<\/td>\n<td>\n<p>-% (YTD: -2.2%)<\/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>10,142<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +16.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>6,117<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +21.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,627<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,180<\/p>\n<\/td>\n<td>\n<p>+1.1% (YTD: +11.3%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,938<\/p>\n<\/td>\n<td>\n<p>-% (YTD: +7.4%)<\/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 66.20<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.73<\/p>\n<\/td>\n<td>\n<p>-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,780.00<\/p>\n<\/td>\n<td>\n<p>+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 50,761<\/p>\n<\/td>\n<td>\n<p>+1.1% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 ended today\u2019s session flat<\/strong> on turnover of EGP 892 mn (31.5% below the 90-day average). Regional investors were net buyers. The index is down 2.2% YTD.<\/p><p><strong>In the green:<\/strong> Orascom Development (+4.1%), Qalaa Holdings (+3.0%) and SODIC (+2.6%).<\/p><p><strong>In the red:<\/strong> AMOC (-1.3%), MM Group (-1.1%) and Fawry (-0.9%).<\/p><p><strong>Asian markets are in the green in early trading this morning<\/strong>. European shares look set to fall when markets open in the coming hours, while futures show US stocks opening in the green later today.<\/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\/chevron\/\">Chevron<\/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\/exxonmobil\/\">ExxonMobil<\/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\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shell\/\">Shell<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/totalenergies\/\">TotalEnergies<\/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=\"561924\" 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=\"561924\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/shoukry-holds-talks-with-jordan-foreign-minister-on-jerusalem-unrest\/\">\r\n                            Shoukry holds talks with Jordan foreign minister on Jerusalem unrest                        <\/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\/26\/shoukry-holds-talks-with-jordan-foreign-minister-on-jerusalem-unrest\/\" 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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Jerusalem has witnessed several nights of clashes between protesters and police, sparked by police <a href=\"https:\/\/apnews.com\/article\/israel-middle-east-arrests-religion-jerusalem-061233156f943eca545be83a4f2ebbaf\">setting up barricades<\/a> outside the Damascus Gate and a far-right Israeli group staged an anti-Arab rally.<\/p>\n<p><strong>Egypt\u2019s role in resolving the ongoing crisis in Yemen topped the <\/strong><strong>agenda<\/strong> for Foreign Minister Sameh Shoukry and UN special envoy to Yemen Martin Griffiths during a meeting in Cairo yesterday, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1914545285390494\">a Foreign Ministry statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/yemen\/\">Yemen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"561925\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">15<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/egyptian-university-entrepreneurship-programs-what-do-they-need-to-improve\/\">\r\n                            Egyptian university entrepreneurship programs: what do they need to improve?<\/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 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href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/egyptian-university-entrepreneurship-programs-what-do-they-need-to-improve\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/271.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"561926\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/egyptian-university-entrepreneurship-programs-what-do-they-need-to-improve\/271-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/271.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"271.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/271.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/271.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-561925\" class=\"content-area-description post-561925 blackboard type-blackboard status-publish has-post-thumbnail hentry tag-ayman-ismail tag-cairo-angels tag-education tag-enterprise-blackboard tag-enterpriseam tag-falak-startups tag-feps-bi tag-heba-zaki tag-ibrahim-metawie tag-ihub tag-karmsolar tag-maged-ghoneima tag-nour-ibrahim tag-startup-incubators tag-v-lab tag-youssef-elsammaa tag-zeina-mandour wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <\/strong><strong>Egyptian university entrepreneurship programs Part 3: What do they need to improve? <\/strong>Today, we continue our look at how university entrepreneurship programs are helping to graduate our next batch of startups. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a2a7ab3-2a41-46bf-9063-d0c24483aec2\">In Part 1<\/a>, tech leaders and college officials told us how universities here provide ideal environments for building a pipeline of early-stage entrepreneurs. <a href=\"https:\/\/enterprise.press\/blackboards\/egyptian-university-entrepreneurship-programs-part-2-getting-right\/\">In Part 2<\/a>, we looked at what it is they get right. We found that they\u2019re particularly strong at awareness-raising, providing access to resources and mentorship. <strong>But what could they do better?<\/strong> We asked startup program leaders, entrepreneurs and VCs.<\/p>\n<p><strong>What we found is that universities are finding it hard to prepare entrepreneurs to institutionalize and corporatize their businesses. <\/strong>Three key areas need more work, say stakeholders: teaching governance and accountability; teaching executive leadership; and more service provision.<\/p>\n<p><strong>#1- Teaching corporate governance and accountability:<\/strong> University entrepreneurship programs should provide training in clearly defining expectations between investors and founders, says one startup expert, speaking anonymously. \u201cI\u2019ve known of entrepreneurs \u2014 especially undergraduates \u2014 who used prizes or grants to travel, rather than injecting the funds directly into their companies. There needs to be a culture of accountability from day 1.\u201d<\/p>\n<p><strong>How big is this issue? Lack of accountability is a common general sector problem<\/strong>, says Managing Director of <a href=\"https:\/\/falakstartups.com\/\">Falak Startups<\/a> Youssef ElSammaa. Falak often sees mismatched expectations and lack of accountability, especially with younger founders, he says. \u201cProblems exist, so university programs definitely aren't tackling them enough. But this isn\u2019t their responsibility alone: it\u2019s a shared ecosystem responsibility.\u201d<\/p>\n<p><strong>Are university programs teaching governance and business ethics? We don\u2019t think so.<\/strong> \u201cTo the best of my knowledge, no Egyptian university-based startup incubators deliver formal sessions on governance and business ethics,\u201d <a href=\"https:\/\/fepsbi.net\/\">FEPS BI<\/a> Executive Director Heba Zaki tells Enterprise. The concepts are discussed during FEPS BI mentorship sessions, without formal training, Zaki adds.<\/p>\n<p><strong>Should they be? Program leaders aren\u2019t so sure. <\/strong>Accountability wasn\u2019t tackled by university programs until two years ago, says <a href=\"http:\/\/ihub.asu.edu.eg\/\">iHub<\/a> Founder Maged Ghoneima. \u201cThen, V-Lab, iHub and Nilepreneurs started pushing it through bootcamps, because entrepreneurs need ownership and accountability.\u201d<\/p>\n<p><strong>But governance doesn\u2019t become relevant until a startup starts attracting investments and growing its team<\/strong>, he says. \u201cFormal governance is most important when a company is owned by shareholders and managed by a different management team, who aren\u2019t company owners,\u201d says <a href=\"https:\/\/business.aucegypt.edu\/centers\/vlab\">V-Lab\u2019s<\/a> Founding Director Ayman Ismail. \u201cThis is not the case for early-stage startups.\u201d<\/p>\n<p><strong>#2- Creating startup executive leadership: <\/strong>Helping entrepreneurs turn ideas into viable businesses is important, but programs should also be building leaders, says <a href=\"https:\/\/cairoangels.com\/\">Cairo Angels<\/a> General Manager Zeina Mandour. \u201cStartup founders need to be taught how to manage, how to build an organizational culture, talent acquisition. This is something a lot of entrepreneurs need.\u201d From an investor perspective, startups shouldn\u2019t just learn how to grow technically, but how to grow as businesses, <a href=\"https:\/\/karmsolar.com\/\">KarmSolar\u2019s<\/a> Development Director Ibrahim Metawie tells Enterprise.<\/p>\n<p><strong>How big is the problem? Though university programs address it, results aren\u2019t really being seen.<\/strong> At least one or two university incubator programs teach leadership and management, says Zaki. But impact isn\u2019t being felt at the market level. Institutionalization is missing in the sector overall, so it\u2019s probably not just about university incubators, says Metawie.<\/p>\n<p><strong>Should it be more of a focus? Some say university programs are too early-stage for that: <\/strong>More leadership is needed, but it can\u2019t be taught overnight. And university entrepreneurship programs can\u2019t focus on everything, say program directors. Teaching leadership happens at the product development stage. University programs focus on ideation and creating teams, says Ghoneima. \u201cPrograms support entrepreneurs at different stages,\u201d agrees Ismail. \u201cThe focus of most university programs is on awareness, ideation and validation \u2014 making sure entrepreneurs are solving real problems, and able to go to market effectively,\u201d he adds.<\/p>\n<p><strong>#3- Arguably the biggest problem of all? Many students remain underserved:<\/strong> University entrepreneurship programs need to grow massively, <a href=\"https:\/\/np.eg\/en\/\">Nilepreneurs<\/a> founder Nezar Sami tells Enterprise. Helwan University, with over 150k students, is hardly being catered to. V-Lab is an example of an excellent incubator, says ElSammaa, but though its startup portfolio is impressive, most aren\u2019t AUC student-affiliated. \u201cWe\u2019ve even had Falak graduates apply for V-Lab because they want access to their resources.\u201d Even if V-Lab\u2019s focus was solely on students, there are only 12k at AUC \u2014 not even 1% of Egypt\u2019s total number of university students, says another off-the-record source.<\/p>\n<p><strong>So new programs are undoubtedly needed. But leaders warn against creating carbon copies of existing ones.<\/strong> \u201cDon\u2019t try to mimic other programs,\u201d says Ismail. \u201cLook at them, understand them, but design something that fits with your own internal and external stakeholders, your knowledge and assets. Play to your strengths.\u201d<\/p>\n<p><strong>Or applying<\/strong> <strong>inflexible, academic models: <\/strong>Some programs need to modify their approach, says Zaki. \u201cSome have the potential to grow. Others won\u2019t unless they change their mindset and business model.\u201d They can be too rigid and classically academic, she believes. \u201cSome are trying to teach entrepreneurship through lectures. The approach should be a hands-on workshop format.\u201d<\/p>\n<p><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>EBRD boss at Badr University:<\/strong> European Bank for Reconstruction and Development President Odile Renaud\u2013Basso <a href=\"https:\/\/ent.news\/2021\/4\/EBRD-President-Renaud-Basso-Pays-a-Visit-to-Badr-University-in-Cairo-BUC-PRL-April-22-2021.pdf\">took a tour (pdf)<\/a> of CIRA\u2019s Badr University in Cairo and discussed further cooperation with the education player.<\/li>\n<li><strong>Education investment:<\/strong> Dubai-based Africa Crest Education is dusting off <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41795066-bfe8-48a2-8829-61b3785fc5ce\">plans<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41795066-bfe8-48a2-8829-61b3785fc5ce\">to invest EGP 900 mn in Egypt<\/a> this year to establish two schools.<\/li>\n<li><strong>Tuition loans:<\/strong> Beltone\u2019s Belcash has partnered with El Alsson British and American International Schools <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de328a88-1397-4f94-8625-72e5cf66a6bb\">to provide tuition financing<\/a> to parents.<\/li>\n<li><strong>Thanaweya Amma 2.0:<\/strong> The Senate has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27467c38-a14f-45a6-8d14-125ef5d2f3bd\">voted against the proposed<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27467c38-a14f-45a6-8d14-125ef5d2f3bd\">amendments<\/a> that aimed to change the assessment model for Thanaweya Amma. The proposal will now be debated by the House of Representatives.<\/li>\n<li><strong>Nurseries as MSMEs:<\/strong> Nurseries will be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27467c38-a14f-45a6-8d14-125ef5d2f3bd\">treated as MSMEs<\/a>, granting them eligibility for all incentives available under the MSMEs Act, under new directives from President Abdel Fattah El Sisi.<\/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\/ayman-ismail\/\">Ayman Ismail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cairo-angels\/\">Cairo Angels<\/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\/falak-startups\/\">falak startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/feps-bi\/\">FEPS BI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/heba-zaki\/\">Heba Zaki<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ibrahim-metawie\/\">Ibrahim Metawie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ihub\/\">iHub<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/karmsolar\/\">KarmSolar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/maged-ghoneima\/\">Maged Ghoneima<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nour-ibrahim\/\">Nour Ibrahim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-incubators\/\">startup incubators<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/v-lab\/\">V-Lab<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/youssef-elsammaa\/\">Youssef ElSammaa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zeina-mandour\/\">Zeina Mandour<\/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=\"561927\" 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\/26\/your-essential-business-calendar-on-26-april-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561927\" class=\"content-area-description single-story post-561927 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>26-28 April (Monday-Wednesday): Non Adadiya \/ Thanaweya Amma students sit end-of-year exams.<\/p>\n<p>27 April (Tuesday): Finance Minister Mohamed Maait will address AmCham\u2019s Pre-Annual General Meeting to discuss Egypt\u2019s economic reform beyond the pandemic.<\/p>\n<p>28 April (Wednesday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>29 April (Thursday): National holiday in observance of Sinai Liberation Day.<\/p>\n<p>29 April (Thursday): Start of school summer holiday for students not sitting Adadiya \/ Thanaweya Amma exams.<\/p>\n<p>1 May (Saturday): Labor Day (national holiday).<\/p>\n<p>2 May (Sunday): Coptic Easter Sunday (holiday for Coptic Christians, still unclear whether it will be a banking holiday).<\/p>\n<p>3 May (Monday): Sham El Nessim (date of the national holiday still TBC).<\/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) takes place in Dubai.<\/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>July + August: Thanaweya Amma exams take place.<\/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":561899,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-561898","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"294dc3f5-5d53-4565-9ae8-fa32991399f1","teaser":"","photo_url":"https:\/\/ent.news\/2021\/4\/260.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>Summer break comes early for public schools - 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\/summer-break-comes-early-for-public-schools\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Summer break comes early for public schools\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/summer-break-comes-early-for-public-schools\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T03:29:59+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\/260.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\/summer-break-comes-early-for-public-schools\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/summer-break-comes-early-for-public-schools\/\",\"name\":\"Summer break comes early for public schools - 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