{"id":562165,"date":"2021-05-10T03:54:10","date_gmt":"2021-05-10T03:54:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=562165"},"modified":"2025-12-16T03:36:13","modified_gmt":"2025-12-16T03:36:13","slug":"slow-news-day-more-astrazeneca-inbound-imf-to-wrap-its-latest-review-by-the-end-of-june","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/slow-news-day-more-astrazeneca-inbound-imf-to-wrap-its-latest-review-by-the-end-of-june\/","title":{"rendered":"Slow news day: More AstraZeneca inbound + IMF to wrap its latest review by the end of June"},"content":{"rendered":"<section id=\"562167\" 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=\"562167\">\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\/05\/10\/this-morning-why-rising-inflation-in-the-us-may-be-bad-for-egypt-more-progress-on-vaccine-availability-as-the-pre-eid-news-slowdown-begins\/\">\r\n                            THIS MORNING: Why rising inflation in the US may be bad for Egypt + more progress on vaccine availability as the pre-Eid news slowdown begins                        <\/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 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<div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562167\" class=\"content-area-description single-story post-562167 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-arab-league tag-enterpriseam tag-israel tag-israel-palestine-conflict tag-palestine tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, wonderful people, and welcome to a shockingly slow news day. <\/strong>It\u2019s slow enough, in fact, that it begs the question of whether the traditional pre-Eid news slowdown has started a day early.<\/p><p><strong>THE BIG STORY here at home this morning? <\/strong>It\u2019s a tie between two yawners: The IMF expects to wrap its latest review of our progress on economic reforms by the end of June, and we have another batch of AstraZeneca due in today. We have more on both stories in this morning\u2019s news well, below.<\/p><p><strong>Actually, isn\u2019t that a sign of progress? <\/strong>The notion that the arrival of 1.7 mn doses of a covid jab \u2014 where not long ago we had zero \u2014 is a \u201cyawner\u201d is a sign that whatever kinks remain in the global vaccine distribution pipeline, Egypt is getting something right. Room for cautious optimism (to use the hoary old phrase) if nothing else.<\/p><p><strong>THE BIG STORY ABROAD this morning is the ransomware attack on a US pipeline<\/strong> that carries almost half of the fuel consumed by the East coast of America. Officials there have declared a state of emergency \u201cin a bid to keep fuel supply lines open as fears of shortages rose.\u201d The story, which broke yesterday, still leads the front pages of the <a href=\"https:\/\/www.ft.com\/content\/b8b530c7-f194-43da-8c98-6e181f68da38\">Financial Times<\/a>, <a href=\"https:\/\/www.reuters.com\/business\/energy\/us-southeast-braces-fuel-price-rises-after-pipeline-shutdown-2021-05-09\/\">Reuters<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-09\/u-s-fuel-sellers-scramble-for-alternatives-to-hacked-pipeline?srnd=premium-middle-east\">Bloomberg<\/a>.<\/p><p><strong>HAPPENING TODAY + TOMORROW-<\/strong><\/p><p><strong>It\u2019s inflation day:<\/strong> Capmas and the Central Bank of Egypt should release inflation figures for April today.<\/p><p><strong>The Arab League will meet in Cairo today or <\/strong><strong>tomorrow<\/strong><strong> to discuss the violence in Jerusalem.<\/strong> There are conflicting reports on whether the meeting is scheduled for today or Tuesday: <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=09052021&amp;id=a7406651-1c34-4777-9cab-b81c556002a2\">Al Shorouk<\/a> cites Palestine\u2019s Assistant Foreign Minister Omar Awadallah as saying the meeting is happening today, while the Arab League\u2019s Assistant Secretary-General Hossam Zaki said it\u2019s slated for Tuesday, as we note in Last Night\u2019s Talk Shows, below. The Arab foreign ministers will discuss Israeli forces\u2019 aggression against Palestinians <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba540bd1-0b36-412c-9347-7f8f30042707\">in Jerusalem<\/a>, including at the Al Aqsa Mosque and in East Jerusalem\u2019s Sheikh Jarrah neighborhood. At least 269 Palestinian civilians were injured over the course of two days of violence. Egypt has also <a href=\"https:\/\/www.timesofisrael.com\/liveblog_entry\/egypt-summons-israeli-envoy-over-temple-mount-violence\/\">summoned<\/a> Israel's ambassador to Cairo Amira Oron for talks.<\/p><p><strong>Meanwhile, an Israeli Supreme Court hearing originally scheduled for today on the <\/strong><strong>forced displacement of Palestinians from their homes in Sheikh Jarrah has been postponed<\/strong> amid the violent clashes and international outcry, <a href=\"https:\/\/www.timesofisrael.com\/supreme-court-delays-session-on-sheikh-jarrah-evictions-amid-jerusalem-tensions\/\">Times of Israel<\/a> reports. The date for the postponed hearing must be set within 30 days, the court decreed. Evictions are to stop in the meantime, it said.<\/p><p><strong>***CATCH UP QUICK<\/strong> on the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>Private-sector involvement in Egypt\u2019s railways:<\/strong> Three foreign companies are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3de124d7-fc06-4799-b25b-5815f7b96baf\">bidding<\/a> to help manage our ailing railway network.<\/li>\n<li><strong>Expect more guests at Cairo + Sharm hotels this year: <\/strong>Colliers International has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4653fd02-fbd9-4956-8eb3-d6fdbad3dbc7\">revised upwards<\/a> its 2021 outlook for hotel occupancy in Cairo and Sharm El Sheikh.<\/li>\n<li><strong>Locally-made vaccines incoming this summer:<\/strong> State-owned Vacsera <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff94c5e9-c386-45d1-80cd-279861fb2f35\">will locally manufacture<\/a> 2 mn doses of China's Sinovac vaccine by end of June \u2014 and it will be available without charge.<\/li>\n<\/ul><p><strong>** So, when do we eat?<\/strong> We sit down to eat at 6:38pm, and we\u2019ll have until 3:26am to eat and hydrate.<\/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><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>WATCH THIS SPACE #1- Why rising inflation in the US could be bad news for us here in <\/strong><strong>Egypt. <\/strong>There are signs that everything from \u201cfresh fruit to freezers\u201d is costing more in the United States, the <a href=\"https:\/\/www.wsj.com\/articles\/consumers-adjust-to-higher-prices-11620552601\">Wall Street Journal<\/a> warns. Consumers are having to \u201cpay sharply higher prices for goods and services as the economy strains to rev back up and the pandemic wanes,\u201d the newspaper notes. The news comes less than a week after US Treasury Secretary Janet Yellen \u2014 a respected former chair of the US Federal Reserve \u2014 walked back earlier comments that suggested <a href=\"https:\/\/www.reuters.com\/world\/us\/treasurys-yellen-interest-rates-may-need-rise-modestly-2021-05-04\/\">the US Fed might have to hike interest rates sooner than expected<\/a> to \u201cstop the economy from overheating as President Joe Biden\u2019s spending plan boosts growth.\u201d<\/p><p><strong>So what\u2019s the Egypt angle? <\/strong>Our central bank has been striking a careful balancing act since the pandemic began. On the one hand, it has signaled it would like to gradually lower rates to encourage companies to invest in growth \u2014 and to prompt consumers to put deposits to work in the economy. On the other hand, it wants to maintain our position as the world\u2019s most attractive carry trade, which has been key to keeping the exchange rate in check as tourism has slumped thanks to the pandemic. <strong>If the Fed raises rates, it\u2019s going to put pressure on Egypt to follow suit <\/strong>to protect the carry trade.<\/p><p><strong>WATCH THIS SPACE #2- Qatar is in the news today<\/strong> after the country announced the arrest of the country\u2019s well-respected finance minister, Ali Sharif Al-Emadi, amid allegations he \u201cmisused public funds,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2021-05-09\/a-shock-ouster-in-qatar?srnd=premium-middle-east\">Bloomberg<\/a> said, calling the move \u201cunprecedented.\u201d Qatar is also getting digital ink around the region this morning for its plan to <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/qatar-gradually-lift-coronavirus-measures-starting-may-28-statement-2021-05-09\/\">lift covid measures in four phases starting 28 May<\/a> and ending 30 July.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>The virtual BIT Milano tourism expo kicked off yesterday and runs through this Friday, 14<\/strong><strong> May.<\/strong> Egypt\u2019s Tourism and Antiquities Ministry is participating in the exhibition to talk with Italian tour operators in a bid to bring more Italian tourists to Egypt, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1926212794223743\/?type=3&amp;theater\">ministry statement<\/a>.<\/p><p><strong>Africa-based startups have until 26 May to sign up for France\u2019s <\/strong><strong>AFD Digital Challenge<\/strong>, an annual<a href=\"https:\/\/ent.news\/2021\/5\/LAUNCH-OF-THE-FIFTH-EDITION-OF-THE-AFD-DIGITAL-CHALLENGE.docx.pdf\">startup competition (pdf)<\/a> by the French Development Agency (AFD). This year, the competition involves startups finding solutions to curb the carbon impact of economic activities or promote sustainable economic activity and the use of natural resources. The 10 startups chosen will receive an \u201cacceleration pack,\u201d a package of technical and financial support worth EUR 20k.<\/p><p><strong>The IMF will complete by the end of June a second review of targets set under Egypt\u2019s <\/strong><strong>USD 5.2 bn standby loan.<\/strong> The loan was approved<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e4b88b68-45c9-4f66-bbba-1e8999ee8f3f\">in June 2020<\/a>.<\/p><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> The pandemic looks to have been great for executive education \u2014 a branch of education focused on training the next generation of business leaders and executives. But what is the market like in Egypt, and how it is being deployed?<\/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\/arab-league\/\">Arab League<\/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\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/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\/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=\"562168\" 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=\"562168\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/562168\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562168\" class=\"content-area-description single-story post-562168 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\/5\/SOMA-ENTERPRISE-VAX-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=\"562169\" 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=\"562169\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/its-report-card-season\/\">\r\n                            It\u2019s report card season                        <\/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\/05\/10\/its-report-card-season\/\" 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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A positive review would unlock the final USD 1.6 bn tranche; Egypt received an initial USD 2 bn in June 2020 and an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21258759-15a5-4f32-bd15-b6710a8f13f6\">additional USD 1.6 bn late last year<\/a>.<\/p>\n<p><strong>How did we do on our first report card?<\/strong> The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d0f0225e-15bb-41ec-b441-e7f0beb52b47\">IMF\u2019s first review<\/a> last January saw the fund bump up our growth outlook for the year to 2.8% from 2%, with the fund praising Egypt\u2019s fiscal and monetary responses to covid-19. The government\u2019s push for green investments, as well as progress with its structural reform program also got a nod from the IMF. The fund noted a \u201cmarginal breach\u201d as Egypt\u2019s inflation fell short of the lower end of the Central Bank of Egypt\u2019s inner target band of 6-12%, triggering a consultation requirement and prompting the CBE to lower and narrow its target range to 5-9%.<\/p>\n<p><strong>The IMF had approved the loan to help Egypt plug a balance of payments shortfall and finance its budget deficit amid covid-19<\/strong>, with the funds put towards supporting healthcare and social programs for the vulnerable, advancing structural reforms, and boosting private sector growth and job creation. Egypt had received a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e4b88b68-45c9-4f66-bbba-1e8999ee8f3f\">USD 2.8 bn rapid financing facility<\/a> in May 2020 for targeted and temporary spending to help offset the economic effects of covid-19.<\/p>\n<p><strong>ALSO FROM THE FINANCE MINISTER- Exports this year are expected to outperform their 2020 figures<\/strong>, reducing Egypt\u2019s external financing needs, Maait told Asharq. Egypt saw <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0cf47be-9482-49f9-bc1a-4e4a1019da07\">increased spending on export subsidies<\/a> in FY2020-2021 \u2014 with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e404ce68-8c21-4162-b1e9-10017814d19b\">EGP 1.7 bn spent on subsidies<\/a>, up from EGP 900 mn, in 1Q2020-2021 which Maait says contributed to a weaker primary surplus.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/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=\"562171\" 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=\"562171\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/astrazeneca-shipment-coming-today-sputnik-before-end-of-may\/\">\r\n                            AstraZeneca shipment coming today + Sputnik before end of May                        <\/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\/05\/10\/astrazeneca-shipment-coming-today-sputnik-before-end-of-may\/\" 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\/05\/10\/astrazeneca-shipment-coming-today-sputnik-before-end-of-may\/')\">\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\/05\/10\/astrazeneca-shipment-coming-today-sputnik-before-end-of-may\/\">\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=AstraZeneca shipment coming today + Sputnik before end of May&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/astrazeneca-shipment-coming-today-sputnik-before-end-of-may\/\">\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\/05\/10\/astrazeneca-shipment-coming-today-sputnik-before-end-of-may\/&title=AstraZeneca shipment coming today + Sputnik before end of May\">\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=AstraZeneca+shipment+coming+today+%2B+Sputnik+before+end+of+May+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F10%2Fastrazeneca-shipment-coming-today-sputnik-before-end-of-may%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\/05\/10\/astrazeneca-shipment-coming-today-sputnik-before-end-of-may\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562171\" class=\"content-area-description single-story post-562171 post type-post status-publish format-standard hentry category-covid-watch tag-africa tag-covax tag-covid-19 tag-enterpriseam tag-gavi tag-india tag-south-africa tag-uk tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>We\u2019re getting 1.7 mn doses of the AstraZeneca vaccine today<\/strong> as part of the Covax program, Health Ministry spokesperson Khaled Megahed told eXtra News. Minister Hala Zayed had said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7cb40a2-315a-482b-a56e-9a95c6788e1a\">last week<\/a> that this shipment will be followed by a separate batch of 1.7 mn doses of the jab coming before the month is out.<\/p>\n<p><strong>Also coming before the end of May: Our first shipment of the Sputnik V jab.<\/strong> Russia is expected to send an unspecified number of vaccine doses in the first batch we\u2019re receiving under an agreement that will see Russia <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8980ecbc-a193-449c-a2a0-eaefe5c43983\">supplying Egypt with 10 mn doses of the vaccine<\/a>, Megahed noted (<a href=\"https:\/\/youtu.be\/Lws7O6ajuU8?t=531\">watch, runtime: 8:47<\/a>)<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/377594657124486\">reported<\/a><\/strong><strong> 1,138 new covid-19 infections yesterday<\/strong>, up from 1,132 the day before. The ministry also reported 59 new deaths, bringing the country\u2019s total death toll to 13,904. Egypt has now disclosed a total of 237,410 confirmed cases of covid-19.<\/p>\n<p><strong>Egypt sent three military planes carrying medical aid to India yesterday<\/strong> to assist the country in combating its covid-19 outbreak, according to an Armed Forces <a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/posts\/2331367580327544\">statement<\/a>.<\/p>\n<p><strong>As developing countries grapple with a vaccine supply crunch, there are some <\/strong><strong>\u2014 many of them in Africa \u2014 that have no vaccines at all: <\/strong>Chad has not received a single dose under the Gavi \/ Covax scheme designed to ensure equal access to vaccines and is last in line on the continent to get its hands on the coming UN-backed rollout, <a href=\"https:\/\/apnews.com\/article\/africa-coronavirus-vaccine-coronavirus-pandemic-business-government-and-politics-2d5eab50c1ef8bd63b1a48331f4c3025\">the Associated Press<\/a> reports. Burkina Faso, Burundi, Eritrea and Tanzania are next in line for covid shots among at least a dozen other African countries also lagging far behind the rest of the world in vaccinations, accounting for just 1% of shots administered worldwide.<\/p>\n<p><strong>Pfizer-BioNTech vaccine to be produced in China: <\/strong>Shanghai Fosun Pharma Group has agreed to set up a 50-50 joint venture with BioNTech that will enable it to produce the German company\u2019s mRNA covid-19 vaccine in Shanghai, according to <a href=\"https:\/\/www.fosunpharma.com\/uploads\/202105097255.pdf\">a statement (pdf)<\/a>. Fosun will target production of 1 bn doses each year.<\/p>\n<p><strong>Vaccines are getting the job done in the UK, where covid-19 related deaths fell to <\/strong><strong>just two individuals yesterday<\/strong>, after the country successfully vaccinated a third of its population, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-08\/u-s-count-eases-india-reports-record-death-toll-virus-update?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covax\/\">Covax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gavi\/\">GAVI<\/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\/south-africa\/\">South Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562172\" 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=\"562172\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/new-ridesharing-app-to-challenge-ubers-local-monopoly\/\">\r\n                            New ridesharing app to challenge Uber\u2019s local monopoly?                        <\/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\/05\/10\/new-ridesharing-app-to-challenge-ubers-local-monopoly\/\" 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\/05\/10\/new-ridesharing-app-to-challenge-ubers-local-monopoly\/')\">\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\/05\/10\/new-ridesharing-app-to-challenge-ubers-local-monopoly\/\">\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=New ridesharing app to challenge Uber\u2019s local monopoly?&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/new-ridesharing-app-to-challenge-ubers-local-monopoly\/\">\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\/05\/10\/new-ridesharing-app-to-challenge-ubers-local-monopoly\/&title=New ridesharing app to challenge Uber\u2019s local monopoly?\">\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=New+ridesharing+app+to+challenge+Uber%E2%80%99s+local+monopoly%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F10%2Fnew-ridesharing-app-to-challenge-ubers-local-monopoly%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\/05\/10\/new-ridesharing-app-to-challenge-ubers-local-monopoly\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/95.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562173\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/new-ridesharing-app-to-challenge-ubers-local-monopoly\/95-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/95.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"95.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/95.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/95.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562172\" class=\"content-area-description single-story post-562172 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam tag-investment-watch tag-ride-hailing tag-transport tag-uber 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>UK-based ridesharing app <\/strong><strong><a href=\"https:\/\/uva.uk\/\">UVA<\/a><\/strong><strong> is preparing to launch its services in Egypt next<\/strong><strong> month<\/strong>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2327040\">Al Masry Al Youm<\/a> reports. The app plans to start with 3k drivers in Cairo and Giza, the newspaper quotes a company official as having said. UVA will offer \u201ccompetitive prices,\u201d the official added.<\/p>\n<p><strong>The launch would bring a new entrant into Egypt\u2019s ridesharing space<\/strong>, which has been largely dominated by Uber since its <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/30\/merged-uber-careem-to-operate-in-egypt-under-eca-rules-9342\/\">USD 3.1 bn acquisition of regional rival Careem<\/a> last year, despite the Egyptian Competition Authority\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/30\/merged-uber-careem-to-operate-in-egypt-under-eca-rules-9342\/\">best efforts<\/a> to keep the market competitive after the merger. Among other stipulations, the authority required Uber to provide potential competitors and new market entrants with access to its mapping data and data aggregated from trips, as well as customer and driver data.<\/p>\n<p><strong>IN OTHER INVESTMENT NEWS-<\/strong><\/p>\n<p><strong>Metito to pour mns of USD into Egypt operations:<\/strong> UAE-based water treatment company Metito has announced <a href=\"https:\/\/ent.news\/2021\/5\/Metito-PRL.pdf\">plans (pdf)<\/a> to earmark 50% of <a href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=26241\">the USD 20 mn loan<\/a> it recently secured from the International Finance Corporation (IFC) to its Egypt unit. The money will be used to support liquidity and provide additional working capital, rather than to make capital investments, it said.<\/p>\n<p><strong>The loan was disbursed as part of the IFC\u2019s USD 8 bn covid financing facility<\/strong>, deployed to support businesses through the pandemic. Metito was the first MENA infrastructure company to get its hands on the funding, receiving it in March.<\/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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ride-hailing\/\">ride-hailing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uber\/\">Uber<\/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=\"562174\" 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=\"562174\">\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\">Capital markets<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/corporate-bonds-could-be-on-the-menu-for-new-egx-trading-platform\/\">\r\n                            Corporate bonds could be on the menu for new EGX trading platform                        <\/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\/05\/10\/corporate-bonds-could-be-on-the-menu-for-new-egx-trading-platform\/\" 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\/05\/10\/corporate-bonds-could-be-on-the-menu-for-new-egx-trading-platform\/')\">\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\/05\/10\/corporate-bonds-could-be-on-the-menu-for-new-egx-trading-platform\/\">\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=Corporate bonds could be on the menu for new EGX trading platform&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/corporate-bonds-could-be-on-the-menu-for-new-egx-trading-platform\/\">\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\/05\/10\/corporate-bonds-could-be-on-the-menu-for-new-egx-trading-platform\/&title=Corporate bonds could be on the menu for new EGX trading platform\">\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=Corporate+bonds+could+be+on+the+menu+for+new+EGX+trading+platform+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F10%2Fcorporate-bonds-could-be-on-the-menu-for-new-egx-trading-platform%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\/05\/10\/corporate-bonds-could-be-on-the-menu-for-new-egx-trading-platform\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/96.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562175\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/corporate-bonds-could-be-on-the-menu-for-new-egx-trading-platform\/96-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/96.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"96.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/96.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/96.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562174\" class=\"content-area-description single-story post-562174 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-corporate-bonds tag-egx tag-enterpriseam tag-mohamed-farid tag-treasuries wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Traders see corporate bonds added to the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2a0d3b3-ccf0-4144-b2fc-5c378b3b001a\">EGX\u2019s new platform for trading<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2a0d3b3-ccf0-4144-b2fc-5c378b3b001a\">government bonds<\/a><\/strong> if they wish to expand the platform\u2019s scope, EGX boss Mohamed Farid told <a href=\"https:\/\/hapijournal.com\/2021\/05\/09\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%AA%D8%B9%D9%85%D9%8A%D9%85-%D9%86%D8%B8%D8%A7%D9%85-%D8%AA%D8%AF%D8%A7%D9%88%D9%84-%D8%A7%D9%84%D8%B3%D9%86%D8%AF%D8%A7%D8%AA\/\">Hapi Journal<\/a>. Traders would be required to make a formal request to the bourse, which would then explore the matter with the Financial Regulatory Authority (FRA). Minimal amendments would need to be made to the system in order to adapt it for corporate bond trading, Farid said.<\/p>\n<p><strong>What\u2019s this new platform?<\/strong> The new platform is expected to increase trading volumes of government bonds in secondary markets by making trading easier by opening up requests for quotations and using quotation screens to set prices when selling.<\/p>\n<p><strong>How likely are we to see this system implemented for corporate paper?<\/strong> EGX officials have been holding meetings with companies, asset managers and brokers who want to know more about how the new platform works and whether it could be of interest to folks floating (or investing in) corporate bonds. The FRA <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90d467e1-c2b6-4f0d-b3af-c05fd34d6620\">last month<\/a> took a step toward that direction by requiring bond issuers tapping the secondary market to allocate at least 10% to retail investors.<\/p>\n<p><strong>It\u2019s a chicken and egg thing: <\/strong>The platform could make the trading of corporate paper easier, but we need some corporate paper to trade for it to be of any interest to anyone\u2026<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/corporate-bonds\/\">corporate bonds<\/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\/mohamed-farid\/\">Mohamed Farid<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/treasuries\/\">treasuries<\/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=\"562176\" 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=\"562176\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/flunk-a-dope-test-and-youre-out\/\">\r\n                            Flunk a dope test and you\u2019re out                        <\/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\/05\/10\/flunk-a-dope-test-and-youre-out\/\" 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\/05\/10\/flunk-a-dope-test-and-youre-out\/')\">\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\/05\/10\/flunk-a-dope-test-and-youre-out\/\">\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=Flunk a dope test and you\u2019re out&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/flunk-a-dope-test-and-youre-out\/\">\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\/05\/10\/flunk-a-dope-test-and-youre-out\/&title=Flunk a dope test and you\u2019re out\">\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=Flunk+a+dope+test+and+you%E2%80%99re+out+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F10%2Fflunk-a-dope-test-and-youre-out%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\/05\/10\/flunk-a-dope-test-and-youre-out\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562176\" class=\"content-area-description single-story post-562176 post type-post status-publish format-standard hentry category-legislation-watch tag-employment tag-enterpriseam tag-legislation-watch tag-policy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>A bill that would see civil servants automatically dismissed if they flunk <\/strong><strong>dope<\/strong><strong> tests<\/strong> was approved in principle during a House of Representatives plenary session yesterday, according to <a href=\"https:\/\/gate.ahram.org.eg\/News\/2713048.aspx\">Ahram Gate<\/a>. The bill would, if passed in a final vote, eliminate the need for employers to refer the employees to court before sacking them in these cases. The bill is designed for civil servants, but <a href=\"https:\/\/bit.ly\/3hg0OAe\">Youm7<\/a> suggests it could be expanded to cover all workers across the country \u2014 although the wording could be construed to mean that it covers all employees in state institutions. Employees can, however, <a href=\"https:\/\/www.masrawy.com\/news\/news_egypt\/details\/2021\/5\/9\/2019888\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%AC%D8%A7%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D9%85%D9%86-%D8%AD%D9%82-%D8%A3%D9%8A-%D9%85%D9%88%D8%B8%D9%81-%D8%B7%D9%84%D8%A8-%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D8%AC-%D9%85%D9%86-%D8%A7%D9%84%D8%A5%D8%AF%D9%85%D8%A7%D9%86-%D9%82%D8%A8%D9%84-%D8%AA%D8%B7%D8%A8%D9%8A%D9%82#HpFeature\">request treatment for substance abuse<\/a>, in which case the employee would have six months to come up with a clean test.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/policy\/\">policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562177\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"562177\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/562177\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562177\" class=\"content-area-description single-story post-562177 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/Sodic-The-Estate2-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562178\" 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=\"562178\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/last-nights-talk-shows-violence-in-jerusalem-vaccines-are-important\/\">\r\n                            Last Night\u2019s Talk Shows: Violence in Jerusalem + vaccines are important                        <\/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\/05\/10\/last-nights-talk-shows-violence-in-jerusalem-vaccines-are-important\/\" 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\/05\/10\/last-nights-talk-shows-violence-in-jerusalem-vaccines-are-important\/')\">\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\/05\/10\/last-nights-talk-shows-violence-in-jerusalem-vaccines-are-important\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Last Night\u2019s Talk Shows: Violence in Jerusalem + vaccines are important&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/last-nights-talk-shows-violence-in-jerusalem-vaccines-are-important\/\">\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\/05\/10\/last-nights-talk-shows-violence-in-jerusalem-vaccines-are-important\/&title=Last Night\u2019s Talk Shows: Violence in Jerusalem + vaccines are important\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows%3A+Violence+in+Jerusalem+%2B+vaccines+are+important+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F10%2Flast-nights-talk-shows-violence-in-jerusalem-vaccines-are-important%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\/05\/10\/last-nights-talk-shows-violence-in-jerusalem-vaccines-are-important\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562178\" class=\"content-area-description single-story post-562178 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-arab-league tag-covid-19 tag-enterpriseam tag-israel tag-last-nights-talk-shows tag-palestine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The ongoing violence against Palestinians in Jerusalem reigned supreme on the airwaves last night<\/strong> ahead of a planned Arab League meeting on the subject scheduled for tomorrow, Kelma Akhira\u2019s Lamees El Hadidi noted (<a href=\"https:\/\/www.youtube.com\/watch?v=A1RJZ-3TS8k\">watch, runtime: 3:58<\/a>). Tunisia, meanwhile, is pushing the UN Security Council to hold an emergency meeting on the violence, Ala Mas\u2019ouleety\u2019s Ahmed Moussa said (<a href=\"https:\/\/www.facebook.com\/watch\/?v=306567167593551\">watch, runtime: 1:50<\/a>).<\/p>\n<p><strong>If it smells like ethnic cleansing, and sounds like ethnic cleansing\u2026<\/strong> Israel is trying to impose de facto control over the entirety of East Jerusalem by forcefully removing Palestinian residents from their homes in Sheikh Jarrah, Assistant Secretary-General of the Arab League Hossam Zaki told Moussa (<a href=\"https:\/\/www.facebook.com\/watch\/?v=904143583465432\">watch, runtime: 3:24<\/a>). The move could be designed to put Israel in a position of even greater power if the Biden administration pushes Israel and Palestine to return to the negotiating tables, El Hadidi said. The host also suggested that this is also a tactic from Israeli Prime Minister Benjamin Netanyahu to rally political support from the far-right as he struggles to form a government (<a href=\"https:\/\/www.youtube.com\/watch?v=qltO4Dwzk9o\">watch, runtime: 2:14<\/a>).<\/p>\n<p><strong>Meanwhile, Lamees called on Egyptians to get their covid-19 vaccinations<\/strong>, reminding her viewers that reaching a certain level of vaccine coverage is the only way to safely return to life as normal (<a href=\"https:\/\/www.youtube.com\/watch?v=IkeNoE4LLNc\">watch, runtime: 0:44<\/a>). Egypt is already lagging behind many countries in rolling out the vaccines and all jabs being administered here have already been administered en masse elsewhere in the world, meaning we have a pretty clear picture of their effects, manager of Vacsera\u2019s allergy center Amgad El Haddad told Lamees (<a href=\"https:\/\/www.youtube.com\/watch?v=-iiAJyiHR-Y\">watch, runtime: 6:38<\/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\/arab-league\/\">Arab League<\/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\/israel\/\">Israel<\/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\/palestine\/\">Palestine<\/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=\"562179\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 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33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562180\" 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=\"562180\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/egypt-in-the-news-on-10-may-2021\/\">\r\n                            Egypt in the News on 10 May 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\/05\/10\/egypt-in-the-news-on-10-may-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\/05\/10\/egypt-in-the-news-on-10-may-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\/05\/10\/egypt-in-the-news-on-10-may-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 10 May 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/egypt-in-the-news-on-10-may-2021\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n 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        \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/egypt-in-the-news-on-10-may-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562180\" class=\"content-area-description single-story post-562180 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-ancient-egypt 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 beautifully quiet Monday morning for Egypt in the foreign press.<\/strong> Among the stories making the rounds are the execution of one of two monks found guilty for murdering the bishop of his monastery at the St. Macarius Monastery <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/30\/bishop-found-dead-in-beheira-monastery\/\">in 2018<\/a> (<a href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypt-executes-monk-murder-bishop-monastery-2021-05-09\/\">Reuters<\/a>) and a look at our limited historical knowledge of Queen Nefertiti (<a href=\"https:\/\/www.historyextra.com\/period\/ancient-egypt\/nefertiti-egyptian-pharoah-tutankhamun-mother-wife-akhenaten-key-questions-facts-bust-guide-reign\/\">HistoryExtra<\/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\/ancient-egypt\/\">Ancient 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=\"562181\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562182\" 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=\"562182\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/also-on-our-radar-on-10-may-2021\/\">\r\n                            Also on our Radar on 10 May 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\/05\/10\/also-on-our-radar-on-10-may-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\/05\/10\/also-on-our-radar-on-10-may-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\/05\/10\/also-on-our-radar-on-10-may-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Also on our Radar on 10 May 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/also-on-our-radar-on-10-may-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\/05\/10\/also-on-our-radar-on-10-may-2021\/&title=Also on our Radar on 10 May 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Also+on+our+Radar+on+10+May+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F10%2Falso-on-our-radar-on-10-may-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\/05\/10\/also-on-our-radar-on-10-may-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562182\" class=\"content-area-description single-story post-562182 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-digitization tag-enterpriseam tag-health tag-ibnsina-pharma tag-universal-healthcare-scheme wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Ibnsina Pharma will digitialize health services offered by the General Authority of <\/strong><strong>Healthcare in hospitals<\/strong> that serve the country\u2019s universal healthcare system under an agreement signed on Thursday, Ibnsina said in <a href=\"https:\/\/ent.news\/2021\/5\/Ibnsina-EN.pdf\">a statement (<\/a><a href=\"https:\/\/ent.news\/2021\/5\/Ibnsina-EN.pdf\">pdf<\/a><a href=\"https:\/\/ent.news\/2021\/5\/Ibnsina-EN.pdf\">)<\/a>. The contract will see Ibnsina digitize the authority\u2019s supply chain and develop applications that offer virtual medical consultations.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Bechtel wants in on more of Egypt\u2019s megaprojects:<\/strong> US infrastructure giant Bechtel is looking to expand its business in Egypt, with an eye to get in on more of the country\u2019s megaprojects, including managing new cities, President of Bechtel\u2019s infrastructure global business unit Shaun Kenny told Prime Minister Moustafa Madbouly during a meeting yesterday, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1926130197565336?__cft__[0]=AZUJOcuRhCeq1YXFLxsAQToUwoS1BFS0F31na0DE9WBpMH6v79dXjGJhsN6_pkiKxDkLRkgMDlOs97zY969IiFC--NpfmeXthk-ePK9-u99HISQMklNg8Gz0XNsGMZXMICCKSvIL1EWl2J8ZNbBA32IE&__tn__=%2CO%2CP-R\">cabinet statement<\/a>. Bechtel is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c153c096-6916-43f7-b79d-f4ae3916372c\">expected to lead<\/a> the planned construction of Cairo Metro Line 6, Transport Minister Kamel El Wazir previously 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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ibnsina-pharma\/\">Ibnsina Pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/universal-healthcare-scheme\/\">universal healthcare scheme<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562183\" 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=\"562183\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/what-the-markets-are-doing-on-10-may-2021\/\">\r\n                            What the markets are doing on 10 May 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\/05\/10\/what-the-markets-are-doing-on-10-may-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Oil traders are scrambling to find alternatives to the pipeline \u2014 which delivers 45% of the East Coast\u2019s fuel supply \u2014 turning to ships for delivery and tankers for short-term storage. The crisis could cause a spike in fuel prices and overall inflation just as demand in the US economy is beginning to recover, and could spur \u201cdomestic policy interventions\u201d if prices continue climbing, said ClearView Energy Partners in a research note.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,644<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: -1.9%)<\/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 15.62<\/p>\n<\/td>\n<td>\n<p>Sell 15.72<\/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 15.61<\/p>\n<\/td>\n<td>\n<p>Sell 15.71<\/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-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>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>10,228<\/p>\n<\/td>\n<td>\n<ul>\n<li> (YTD: +17.7%)<\/li>\n<\/ul>\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>6,218<\/p>\n<\/td>\n<td>\n<p>+1.1% (YTD: +23.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,686<\/p>\n<\/td>\n<td>\n<p>+0.8% (YTD: +7.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,233<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: +12.7%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,130<\/p>\n<\/td>\n<td>\n<p>+0.8% (YTD: +10.4%)<\/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 69.13<\/p>\n<\/td>\n<td>\n<p>+1.2%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.96<\/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 1,832.40<\/p>\n<\/td>\n<td>\n<p>+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 58,390.54<\/p>\n<\/td>\n<td>\n<p>-0.8%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 rose 0.5% yesterday<\/strong> on turnover of EGP 776 mn (38% below the 90-day average). Foreign investors were net sellers. The index is down 1.9% YTD.<\/p><p><strong>In the green: <\/strong>Oriental Weavers (+4.4%), Ibnsina Pharma (+2.9%) and ElSewedy Electric (+2.6%).<\/p><p><strong>In the red: <\/strong>Cleopatra Hospital (-2.0%), Orascom Investment (-1.8%) and GB Auto (-1.8%).<\/p><p><strong>It\u2019s shaping up to be a good day for global markets: <\/strong>Asian shares are largely in the green (Shanghai is the sole exception), while futures suggest major indices in Europe, Wall Street and Bay Street should open 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\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"562184\">\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\">10<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/the-kids-may-be-struggling-but-covid-has-been-a-boon-for-executive-education\/\">\r\n                            The kids may be struggling, but covid has been a boon for executive education<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/the-kids-may-be-struggling-but-covid-has-been-a-boon-for-executive-education\/\" 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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Conversations about digital transformation, automation and upskilling that have accelerated due to covid\u2019s impact on the world of work seemingly have executives looking to adapt, perhaps making these courses more important than ever before.<\/p>\n<p><strong>Executive education in Egypt has been making business (and gov\u2019t) sense:<\/strong> When it comes to executive education in Egypt, we found that beyond being succession plays and getting senior management ready, executives tell us programs here have actually had an impact on how leading companies do business. The government appears to also have recognized its importance and hopes to put its most talented through it. Today, we look at what executive education is, its main players in Egypt, and how it can help transform large local companies in terms of production capacity, internal innovation, employee retention, and succession planning.<\/p>\n<p><strong>What is executive education? <\/strong>Executive education refers to academic, post-graduate programs that enable executives, business leaders or professionals to enhance their business acumen and skill set. Usually, these programs mesh practice and theory based on different sectors or professional areas to help individuals improve their employability, and companies retain and develop human resources. The ultimate aim is to transform industries and sectors through research-based education, by working with the individuals within them.<\/p>\n<p><strong>Why do people do it?<\/strong> For an individual, executive education is an investment to improve one\u2019s employability, Associate Dean of <a href=\"https:\/\/business.aucegypt.edu\/execed\">Executive Education at AUC<\/a> Ghada Howaidy says. For companies, executive education is usually about succession planning, talent retention, but most crucially, internal innovation, according to representatives from Ezz Steel and Amoun Pharma.<\/p>\n<p><strong>Executive education here is offered by a few educational institutions. <\/strong>These include the <a href=\"https:\/\/www.chicagobooth.edu\/executiveeducation\/programs\/management\/executive-program-el-gouna\">University of Chicago Booth School of Business<\/a>, which set up shop in El Gouna, in partnership with the Sawiris Foundation for Social Development, and is offering programs in 2022. The Sawiris Foundation <a href=\"https:\/\/newton-prep.com\/execedegypt\">had awarded the school USD 6 mn in 2019<\/a>, which was part of a USD 24.1 mn grant to the university to improve education in Egypt. <a href=\"https:\/\/eslsca.edu.eg\/executive-education\/\">ESLSCA Business School<\/a> offers European business certificates in Egypt through executive education professional programs (as opposed to sectoral).<\/p>\n<p><strong>Arguably the the most established program is at the AUC School of Business.<\/strong> The Executive Education arm was founded in 1977 and boasts over 25 programs with 4k graduates. It is ranked 67th in the <a href=\"http:\/\/rankings.ft.com\/businessschoolrankings\/executive-education-open-2020\">Financial Times Executive Education Open Enrollment listing<\/a> in 2020, up from 74th in 2019 \u2014 the Arab world\u2019s sole entry. Its open enrollment programs include diplomas in sectors, such as in healthcare and real estate development, as well as professional tracks, such as banking and finance, marketing, and people management, Howaidy tells us. Enrolled participants range from junior to C-level executives, with a majority from middle and senior management. Individuals can apply for the AUC\u2019s programs, based on their needs and level of experience. Companies, on the other hand, can partner with the school to create a customized program for their employees.<\/p>\n<p><strong>Talent retention and succession planning were major takeaways for Ezz Steel: <\/strong>One company that partnered with AUC for tailored executive education programs was Ezz Steel. The partnership dates back to 2003 and has had over 500 participants so far, in a bid to enhance business acumen among employees. This has tremendously helped with succession planning across managerial levels and talent retention, corporate HR and organizational development director Karim Hamdy tells us. <strong>Today, the company\u2019s turnover rate stands at 1% among 10k employees. <\/strong>Ezz Steel is currently also working with the Egypt-Japan University of Science and Technology (E-JUST) for a technical education program, in which 25 people are enlisted.<\/p>\n<p><strong>Amoun Pharma saw a 35% increase in productivity, thanks to a graduation project:<\/strong> Amoun Pharmaceuticals partnered with AUC for a two-year program, which ends with a graduation project presented to the company by the participants. One of those projects helped increase equipment efficiency, which increased productivity by 35% during covid, director of HR talent at Amoun Pharmal George Youssef tells us. While only 60% of Amoun\u2019s workers were able to work during the pandemic due to safety restrictions, one of the participants of the executive education programs came up with an idea on how to optimize the equipment efficiency during production periods. Thanks to that, Amoun was able to increase its monthly medication packs production to 20 mn from 18 mn, with only 60% of the human workforce.<\/p>\n<p><strong>Government is also turning to executive education for the next crop of civil servants: <\/strong>The AUC School of Business Executive Education arm has been partnering with ministries on projects to upskill and develop human capital. \u201cWe partnered with the Planning Ministry and King's College in the UK to offer a training program for government employees who will be moving to the New Administrative Capital,\u201d Howaidy says. The \u201cLeadership for Government Excellence\u201d project had 120 participants. Another project with the ministry focused on mastering business skills for entrepreneurs with 100 participants.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Exams:<\/strong> Non-essential exams for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/118cc024-d45f-4fe1-92a1-10d875cc3380\">non Edadiya \/ Thanaweya Amma students,<\/a> who attend grades 4-8 and 10-11, can be taken from home.<\/li>\n<li><strong>University rankings:<\/strong> Some 31 Egyptian universities made it to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e6617d4-3bdb-482c-ac87-9a287e1a2adb\">Times Higher Education\u2019s Impact Rankings<\/a>, with Cairo University being among the world\u2019s top 100 universities for the first time.<\/li>\n<li><strong>Medical education investment: <\/strong>Nile Misr Healthcare, a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7b1c81d3-71f3-42bf-8041-8c22579af22b\">USD 380 mn fund<\/a>, is looking for portfolio companies in Egypt in fields such as medical education.<\/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\/amoun-pharmaceuticals\/\">Amoun Pharmaceuticals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eslsca\/\">ESLSCA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/executive-education\/\">Executive Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ezz-steel\/\">Ezz Steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/university-of-chicago-booth-school-of-business\/\">University of Chicago Booth School of Business<\/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=\"562186\" 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\/05\/10\/your-essential-business-calendar-on-10-may-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562186\" class=\"content-area-description single-story post-562186 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>9-14 May (Sunday-Friday): BIT Milano tourism expo (virtual).<\/p>\n<p>12-16 May (Wednesday-Sunday): Eid El Fitr.<\/p>\n<p>16-19 May (Sunday-Wednesday): The Arabian Travel Market (ATM) takes place in Dubai.<\/p>\n<p>20-28 May (Thursday-Friday): <a href=\"https:\/\/psaworldtour.com\/news\/view\/8528\/allam-british-open-moved-to-august-as-psa-issues-updated-calendar-for-remainder-of-2020-21-season\">Gouna International Squash Open 2021<\/a>.<\/p>\n<p>26 May (Wednesday): Final day for Africa-based startups to apply for the French government-sponsored <a href=\"https:\/\/ent.news\/2021\/5\/LAUNCH-OF-THE-FIFTH-EDITION-OF-THE-AFD-DIGITAL-CHALLENGE.docx.pdf\">AFD Digital Challenge (pdf)<\/a>.<\/p>\n<p>27-29 May (Thursday-Saturday): Informa Markets\u2019 <a href=\"https:\/\/www.nextmoveegypt.com\/en\/Forms\/Book-A-Stand.html\">Nextmove<\/a> real estate exhibition, Cairo International Convention Center, Nasr City.<\/p>\n<p>30 May (Sunday): Al Mal GTM is organizing the <a href=\"https:\/\/bit.ly\/3h8CpfX\">Portfolio Egypt<\/a> conference under the theme \u2018Growth under the weight of the pandemic.\u2019<\/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>22-27 June (Tuesday-Sunday): The <a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/11445\">CIB PSA World Tour Finals<\/a> for 2020-2021 will take place in Cairo.<\/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): The IMF will complete a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/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>15 June (Saturday): EGX-listed will have to complete filing their financial disclosures for the period ended 31 March.<\/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>17-20 August (Tuesday-Friday): The World Economic Forum annual meeting, Singapore.<\/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 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>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/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><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":562166,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-562165","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a4abe9da-6d00-408c-b6eb-3e47eff59ea7","teaser":"","photo_url":"https:\/\/ent.news\/2021\/5\/92.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>Slow news day: More AstraZeneca inbound + IMF to wrap its latest review by the end of June - 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\/slow-news-day-more-astrazeneca-inbound-imf-to-wrap-its-latest-review-by-the-end-of-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Slow news day: More AstraZeneca inbound + IMF to wrap its latest review by the end of June\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/slow-news-day-more-astrazeneca-inbound-imf-to-wrap-its-latest-review-by-the-end-of-june\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T03:36:13+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/92.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\/slow-news-day-more-astrazeneca-inbound-imf-to-wrap-its-latest-review-by-the-end-of-june\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/slow-news-day-more-astrazeneca-inbound-imf-to-wrap-its-latest-review-by-the-end-of-june\/\",\"name\":\"Slow news day: More AstraZeneca inbound + IMF to wrap its latest review by the end of June - 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