{"id":562230,"date":"2021-05-17T04:15:51","date_gmt":"2021-05-17T04:15:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=562230"},"modified":"2025-12-16T03:37:53","modified_gmt":"2025-12-16T03:37:53","slug":"actis-to-double-down-on-energy-in-egypt-africa-10-more-kids-die-in-israels-attack-on-palestine","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/actis-to-double-down-on-energy-in-egypt-africa-10-more-kids-die-in-israels-attack-on-palestine\/","title":{"rendered":"Actis to double down on energy in Egypt, Africa + 10 more kids die in Israel\u2019s attack on Palestine"},"content":{"rendered":"<section id=\"562232\" 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=\"562232\">\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\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\">\r\n                            THIS MORNING: Where did we leave off before Eid El Fitr?                        <\/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\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\" 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\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/')\">\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\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS MORNING: Where did we leave off before Eid El Fitr?&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\">\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\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/&title=THIS MORNING: Where did we leave off before Eid El Fitr?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+MORNING%3A+Where+did+we+leave+off+before+Eid+El+Fitr%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F17%2Fthis-morning-where-did-we-leave-off-before-eid-el-fitr%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\/17\/this-morning-where-did-we-leave-off-before-eid-el-fitr\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562232\" class=\"content-area-description single-story post-562232 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-abdel-fattah-el-sisi tag-emmanuel-macron tag-enterpriseam tag-facebook tag-france tag-legislation-watch tag-renaissance-capital tag-senate tag-sovereign-sukuk-act tag-sudan tag-what-were-tracking-today tag-whatsapp wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>\u00a0<\/p>\n<p><strong>Good morning, friends. <\/strong>Anyone else feel like someone just used the <a href=\"https:\/\/www.youtube.com\/watch?v=QjMCWZnXcpc&t=116s\">neuralizer<\/a> on us all? We hope you had a fantastic break for Eid El Fitr \u2014 and that you\u2019re looking forward to the six-week sprint until we run headlong into summer vacation season in July.<\/p>\n<p><strong>WHERE DID WE LEAVE OFF before our brains were reset by the five-day Eid vacation? <\/strong>Among the top stories before we went on holiday:<\/p>\n<ul>\n<li><strong>The government is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/177e53a6-52e9-416d-a69d-2d6e1c720237\">planning to expand the Suez Canal<\/a><\/strong> to avoid a repeat of the Ever Given fiasco that blocked the trade artery for six days in March.<\/li>\n<li><strong>Importers <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/696d0ad1-c638-46df-80a3-7ad822ca314f\">can no longer<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/696d0ad1-c638-46df-80a3-7ad822ca314f\">bring<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/696d0ad1-c638-46df-80a3-7ad822ca314f\">used electric vehicles into Egypt<\/a><\/strong> under a Trade Ministry decision to boost local industry.<\/li>\n<li><strong>Ever <\/strong><strong>Given\u2019s ins. company<\/strong> <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db2b47ec-5e07-4857-b10d-c15536e1ff3b\">still won\u2019t pay<\/a><\/strong> the Suez Canal Authority\u2019s compensation claim.<\/li>\n<li><strong>Nile Scan is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bff7ea3a-f34e-4238-b629-12b7f6c96d6e\">bidding independently<\/a><\/strong> \u2014 not with Speed Medical \u2014 for a majority stake in <strong>Alexandria Medical Services<\/strong>.<\/li>\n<li><strong>Sodic is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09c7d28b-c599-4f89-ac9c-3c606c96d9f6\">planning a fresh securitized bond issuance<\/a><\/strong> in the coming weeks.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY THIS MORNING at home and abroad is the ongoing Israeli campaign <\/strong><strong>against Gaza<\/strong>, which overnight saw \u201cIsrael launch dozens of air strikes in Gaza \u2026 and Hamas keep up its rocket attacks on Israeli cities\u201d as fighting spilled into a second week, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-gaza-fighting-enters-its-second-week-2021-05-16\/\">Reuters<\/a>, reports. We have chapter and verse in this morning\u2019s news well, below.<\/p>\n<p><strong>WATCH THIS SPACE- Chevron shut down its operations at Israel\u2019s Tamar natural gas field<\/strong> \u2014 which supplies Egypt with natural gas \u2014 amid the flare-up in violence, according to <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/chevron-shuts-down-tamar-gas-field-off-israel-coast-wake-unrest-2021-05-12\/\">Reuters<\/a>. It remains unclear how the shutdown could impact its business with Egypt, if at all.<\/p>\n<p><strong>Expect Bill Gates to be in the news again this week <\/strong>as the Microsoft founder faces a <a href=\"https:\/\/www.wsj.com\/articles\/microsoft-directors-decided-bill-gates-needed-to-leave-board-due-to-prior-relationship-with-staffer-11621205803?mod=hp_lead_pos1\">Wall<\/a><a href=\"https:\/\/www.wsj.com\/articles\/microsoft-directors-decided-bill-gates-needed-to-leave-board-due-to-prior-relationship-with-staffer-11621205803?mod=hp_lead_pos1\">Street Journal exclusive<\/a> claiming \u201csome Microsoft directors began an investigation in 2019 into a woman\u2019s allegations of a prior [redacted] relationship\u201d with Gates. A spokesperson denies Gates stepped down from the tech giant\u2019s board in 2020 because of the matter.<\/p>\n<p><strong>Egyptians can now travel to Saudi Arabia <\/strong>after the kingdom removed us from the<a href=\"https:\/\/www.spa.gov.sa\/viewfullstory.php?lang=en&newsid=2228680\">list of countries<\/a> banned from visiting KSA as part of a bid to stall the spread of covid-19. Libya, Syria, Lebanon, Yemen, Iran, Turkey, Armenia, Somalia, Democratic Congo, Afghanistan, Venezuela, Belarus, and India remain on KSA\u2019s restricted travel list.<\/p>\n<p><strong>Meanwhile, hugs are <\/strong><strong><a href=\"https:\/\/fortune.com\/2021\/05\/15\/uk-lockdown-may-17-pubs-clubs-spending-united-kingdom\/\">allowed again in the UK<\/a><\/strong> as lockdown measures start easing today. The country is moving toward reopening in full next month.<\/p>\n<p><strong>SIGN OF THE TIMES- Greed is apparently good? <\/strong>\u201cMore than half of 100 companies with the <a href=\"https:\/\/www.reuters.com\/business\/worst-paying-blue-chip-employers-bolstered-ceo-pay-pandemic-report-says-2021-05-11\/\">lowest median employee wages<\/a> in the S&P 500 Index boosted CEO pay by changing the rules for assessing executive performance during covid-19 pandemic.\u201d <strong>Among the offenders: sugar peddler Coca-Cola and KFC parent company Yum brands.<\/strong> Gordon Gekko would approve.<\/p>\n<p><strong>HAPPENING THIS WEEK-<\/strong><\/p>\n<p><strong>President Abdel Fattah El Sisi will discuss \u201cregional developments\u201d (read: GERD and <\/strong><strong>Israel-Palestine) and terrorism with French President Emmanuel Macron in Paris during a two day visit<\/strong>, according to <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1153294925189886\">an Ittihadiya statement<\/a>. El Sisi landed in the French capital <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1153521785167200\">yesterday<\/a>. The two leaders will meet during two back-to-back summits today and tomorrow in Paris \u2014 one on supporting Sudan\u2019s political transition and another on plugging African countries\u2019 post-covid financing shortfalls. El Sisi also <a href=\"https:\/\/bit.ly\/3wa7kMT\">met<\/a> with Rafale jet maker Dassault CEO Eric Trappier; Egypt is reportedly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/849526ab-920b-43f2-ae71-959b9cc408d8\">purchasing 30 more fighter jets<\/a>.<\/p>\n<p><strong>The Sovereign Sukuk Act is on the Senate\u2019s agenda today<\/strong> as it resumes its sessions after the Eid holiday, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=15052021&id=dd981604-1401-496a-9cd6-979ba359849b\">Al Shorouk<\/a> reports. The act has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb78de06-8229-4852-88ad-b83851ed0f85\">passed the House Economic Committee<\/a> and will be shipped back to the House of Representatives for a final say following the Senate\u2019s vote.<\/p>\n<p><strong>Avior Capital Markets and HC Securities are hosting a virtual conference on investing in<\/strong><strong> Egyptian equities from today<\/strong> until Thursday, 20 May, according to <a href=\"https:\/\/ent.news\/2021\/5\/Research-avior-conference-17-May-21-English.pdf\">a statement (pdf)<\/a>. Central Bank of Egypt Deputy Governor Rami Abulnaga and Sovereign Fund of Egypt CEO Ayman Soliman are expected to speak at the conference.<\/p>\n<p><strong>Renaissance Capital\u2019s <\/strong><strong><a href=\"https:\/\/events.rencap.com\/MENAconference\/\">annual MENA investor conference<\/a><\/strong><strong> kicks off tomorrow.<\/strong> The event features three days of one-on-one meetings between investors and MENA companies. On the agenda tomorrow: An economic update on the region at 2pm CLT before Fawry CEO <strong>Ashraf Sabry<\/strong> and Taaleem Managing Director <strong>Mohamed El Rashidi<\/strong> join a discussion on what lies ahead for the MENA business community.<\/p>\n<p><strong>Accept WhatsApp\u2019s new policy, or leave: <\/strong>WhatsApp\u2019s new privacy policy came into effect yesterday, forcing users who haven\u2019t accepted the new terms to use the app with limited functionality, Facebook said in a <a href=\"https:\/\/www.wired.com\/story\/whatsapp-privacy-policy-facebook-data-sharing\/\">press release<\/a>. Users will continue to receive reminders of the updates for several weeks, after which the app will stop working for those who have not accepted. Facebook delayed implementing the new policy in February following widespread backlash from users who feared Facebook would start screening message content.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>MARKET WATCH-<\/strong><\/p>\n<p><strong>US stocks recouped on Friday some of their mid-week losses <\/strong>as concerns about a commodities-fueled surge in inflation abated, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-13\/asian-stocks-set-to-rally-following-u-s-rebound-markets-wrap?sref=mmeFTDW1\">Bloomberg<\/a>. The S&P 500 rose for the second day running on Friday and the tech-heavy Nasdaq began to show signs of recovery following a volatile two weeks. The S&P <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-11\/asian-stocks-set-for-muted-open-after-u-s-drop-markets-wrap?sref=mmeFTDW1\">saw its largest single-day fall since February<\/a> on Wednesday after fresh figures showed US inflation rose more than expected.<\/p>\n<p><strong>China\u2019s move to squash the metals rally may have had something to do with the Wall Street recovery:<\/strong> Iron ore prices in Asia <a href=\"https:\/\/www.mining.com\/iron-ore-price-sinks-as-china-vows-to-punish-market-manipulation\/\">plunged 10%<\/a> on Friday from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e75b89b-17d7-471f-8432-6a2b18bcb16c\">record highs<\/a> after the Chinese government stepped up its efforts to put a damper on spiraling prices, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-14\/iron-ore-slumps-again-as-steel-hub-asks-mills-to-control-surge?sref=mmeFTDW1\">Bloomberg<\/a> reports. Tangshan, one of the centers of China\u2019s steel industry, said it could revoke licenses of businesses found to be hoarding materials or spreading rumors, after which iron prices experience their <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-13\/asian-stocks-set-to-rally-following-u-s-rebound-markets-wrap?sref=mmeFTDW1\">largest two-day fall since 2019<\/a>.<\/p>\n<p><strong>Gasoline supply to the US East Coast returned to normal over the weekend <\/strong>after a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba540bd1-0b36-412c-9347-7f8f30042707\">cyberattack earlier this month<\/a> forced the closure of the Colonial pipeline, which supplies almost a half of the East Coast\u2019s fuel, <a href=\"https:\/\/www.reuters.com\/business\/energy\/massive-replenishment-begins-ease-us-fuel-shortages-2021-05-15\/\">Reuters<\/a> reports. The supply shortage caused by the temporary closure pushed petrol prices up, exacerbating a seasonal price increase that was already underway. <strong>The Colonial pipeline is <\/strong><strong><a href=\"https:\/\/www.reuters.com\/business\/energy\/colonial-pipeline-paid-hackers-nearly-5-mln-ransom-bloomberg-news-2021-05-13\/\">reported to have paid<\/a><\/strong><strong> some USD 5 mn in ransom to the hackers using untraceable cryptocurrency<\/strong>; the hackers have since claimed they\u2019re going to <a href=\"https:\/\/www.fastcompany.com\/90637129\/colonial-pipeline-hackers-we-quit\">close up shop<\/a>. The shortage prompted some <a href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/colonial-pipeline-gas-hoarding-hummer-b1847884.html\">particularly stupid hoarding behaviour<\/a>.<\/p>\n<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>\n<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.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> The state of play in the learn-to-code industry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emmanuel-macron\/\">Emmanuel Macron<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/facebook\/\">Facebook<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/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\/renaissance-capital\/\">Renaissance Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/senate\/\">Senate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-sukuk-act\/\">Sovereign Sukuk Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/whatsapp\/\">WhatsApp<\/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=\"562233\" 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=\"562233\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/562233\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562233\" class=\"content-area-description single-story post-562233 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=\"562234\" 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=\"562234\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/actis-to-double-energy-investments-in-egypt-africa-in-5-years\/\">\r\n                            Actis to double energy investments in Egypt, Africa in 5 years                        <\/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\" 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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\/17\/actis-to-double-energy-investments-in-egypt-africa-in-5-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/118.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562235\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/actis-to-double-energy-investments-in-egypt-africa-in-5-years\/118-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/118.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"118.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/118.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/118.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562234\" class=\"content-area-description single-story post-562234 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-actis tag-africa tag-emerging-markets tag-energy tag-enterpriseam tag-infrastructure tag-investment-watch tag-private-equity tag-renewable-energy tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Emerging markets private equity giant Actis aims to double its energy <\/strong><strong>investments in Egypt and other African countries to USD 2 bn within five years<\/strong>, Lisa Pinsley, head of Africa energy infrastructure at the company, told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-12\/actis-aims-to-finalize-six-new-power-project-deals-across-africa?sref=mmeFTDW1\">Bloomberg<\/a>. Actis hopes to sign agreements for six energy projects on the continent this year, and invest between USD 200-300 mn, she said, without disclosing further details.<\/p>\n<p><strong>It is unclear how much money Actis has earmarked for Egypt<\/strong>, nor is it apparent what investments might be in the firm\u2019s pipeline. A senior company official did not reply to a request for comment yesterday.<\/p>\n<p><strong>Actis\u2019 current Egypt portfolio:<\/strong> Actis has invested over USD 1 bn in Egypt and is active in the country\u2019s renewables sector through Lekela Power, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9c58666-e5ae-497b-aa07-756a7c169553\">has invested some USD 350 mn<\/a> in its 250 MW West Bakr wind farm. The company has been an anchor shareholder of Cleopatra Hospitals Group since 2019 and holds <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b3e0aca1-37f1-4794-a796-f7d4f4bfc486\">a 21% stake in consumer healthcare<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b3e0aca1-37f1-4794-a796-f7d4f4bfc486\">giant<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b3e0aca1-37f1-4794-a796-f7d4f4bfc486\">IDH<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1725a3aa-7d56-47d9-a14c-26b0b967aeb8\">7.2% of Fawry<\/a>.<\/p>\n<p><strong>In the pipeline:<\/strong> The company has plans to expand its portfolio of renewable energy and water treatment assets, Actis partner and MENA chief Sherif El Kholy <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9c58666-e5ae-497b-aa07-756a7c169553\">told us<\/a> earlier this year. Talks with the Sovereign Fund of Egypt over the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1725a3aa-7d56-47d9-a14c-26b0b967aeb8\">privatization of the Siemens power plants<\/a> are also still ongoing. The company is also looking to enter Egypt\u2019s education sector this year with an acquisition through Honoris United Universities, in which it holds a controlling stake.<\/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\/actis\/\">Actis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/private-equity\/\">private equity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/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=\"562236\" 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=\"562236\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/about-those-russian-flights\/\">\r\n                            About those Russian flights \u2026                        <\/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\/17\/about-those-russian-flights\/\" 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\/17\/about-those-russian-flights\/')\">\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\/17\/about-those-russian-flights\/\">\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=About those Russian flights \u2026&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/about-those-russian-flights\/\">\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\/17\/about-those-russian-flights\/&title=About those Russian flights \u2026\">\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=About+those+Russian+flights+%E2%80%A6+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F17%2Fabout-those-russian-flights%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\/17\/about-those-russian-flights\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/119.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562237\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/about-those-russian-flights\/119-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/119.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"119.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/119.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/119.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562236\" class=\"content-area-description single-story post-562236 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-covid-19 tag-economy tag-emerging-markets tag-enterpriseam tag-metrojet-flight-9268 tag-red-sea tag-russia tag-suez-canal tag-tourism tag-vaccines tag-vladimir-putin 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>The resumption of Russian flights to Egypt\u2019s Red Sea resort towns may be further <\/strong><strong>away than previously thought<\/strong> after Moscow suggested last week that the covid-19 epidemic will determine when it gives the all-clear. \"It all depends on the epidemiological situation. Our key task is to preserve our citizens\u2019 health,\u201d Russian news agency <a href=\"https:\/\/tass.com\/economy\/1288919\">Tass<\/a> reported Deputy Prime Minister Dmitry Chernyshenko as saying at a presser Wednesday in response to questions on when flights would resume.<\/p>\n<p><strong>We were expecting to see flights return next month:<\/strong> Russian ambassador to Egypt Georgiy Borisenko <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c519a123-45d0-4854-bea1-74e7059dfcfd\">reportedly said as much<\/a> to Red Sea Governor Amr Hanafi earlier this month, but warned that the timeline may be delayed should Egypt see a significant uptick in covid-19 cases. Civil Aviation Minister Mohamed Manar Anba and Russian media <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38a0aa7e-6bfb-4d8a-b4a6-fa2b37a2301b\">also claimed<\/a> flights would resume in early May, which has failed to come to pass.<\/p>\n<p><strong>But a June return date is now less certain<\/strong>, judging by Chernyshenko\u2019s non-committal answer last week.<\/p>\n<p><strong>Covid seems to have altered Moscow\u2019s thinking:<\/strong> Egypt\u2019s covid-19 tally has been steadily rising since the end of March, prompting the government to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/19be8f0f-54a6-4224-9080-a370f0a4ec49\">announce new restrictions<\/a> on shops and public gatherings before the Eid break. Daily cases reached 1,201 yesterday, 108% above the most recent (albeit brief and minor) ebb at the beginning of March.<\/p>\n<p><strong>Plans to resume flights follow an agreement last month <\/strong>between Russian President Vladimir Putin and President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38a0aa7e-6bfb-4d8a-b4a6-fa2b37a2301b\">to lift a six-year ban<\/a> on flights between Russia and the Red Sea. The ban was imposed in 2015 after a bomb brought down a Russian Metrojet flight in the Sinai after takeoff from Sharm El Sheikh.<\/p>\n<p><strong>Russia is important to Egypt\u2019s tourism recovery:<\/strong> Up to 1 mn Russians could visit Egypt this year as a result of last month\u2019s agreement, head of the Red Sea Chamber of Hotel Establishments Alaa Akel had said. Some 3 mn Russians used to visit Egypt annually, bringing in around USD 3.5 bn in revenues to the industry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metrojet-flight-9268\/\">Metrojet flight 9268<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vladimir-putin\/\">Vladimir Putin<\/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=\"562238\" 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=\"562238\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/egypt-a-member-of-the-fragile-four-club\/\">\r\n                            Egypt a member of the \u201cfragile four\u201d club                        <\/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\/17\/egypt-a-member-of-the-fragile-four-club\/\" 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\/17\/egypt-a-member-of-the-fragile-four-club\/')\">\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\/17\/egypt-a-member-of-the-fragile-four-club\/\">\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 a member of the \u201cfragile four\u201d club&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/egypt-a-member-of-the-fragile-four-club\/\">\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\/17\/egypt-a-member-of-the-fragile-four-club\/&title=Egypt a member of the \u201cfragile four\u201d club\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+a+member+of+the+%E2%80%9Cfragile+four%E2%80%9D+club+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F17%2Fegypt-a-member-of-the-fragile-four-club%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\/17\/egypt-a-member-of-the-fragile-four-club\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562238\" class=\"content-area-description single-story post-562238 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-khaled-el-anany tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Egypt is one of the countries most vulnerable to a tourism slowdown: <\/strong>Egypt is among four \u201cfragile\u201d emerging economies that are particularly vulnerable to the latest outbreaks of covid-19, analysts tell <a href=\"https:\/\/www.reuters.com\/business\/spectre-another-lost-tourism-season-haunts-emerging-markets-2021-05-13\/\">Reuters<\/a>. Along with Turkey, Tunisia, and Sri Lanka, Egypt is heavily dependent on tourism for hard currency. With a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b7042bbd-cedd-44cb-aefb-6ea18b372cd4\">widening current account deficit<\/a>, the country would be hard hit by another summer of weak tourism revenues.<\/p>\n<p><strong>\u201c[Tourism] is a big topic for any country with a current account deficit,\u201d<\/strong> Generali Asset Management\u2019s senior emerging market strategist Guillaume Tresca told Reuters. \u201cIf you think about tourism in emerging markets, you have to focus on weak countries with weak external balances that rely on tourism \u2014 Tunisia, Turkey, Egypt.\u201d<\/p>\n<p><strong>No slowdown in our crystal ball?<\/strong> Egypt is targeting 8 mn tourists and USD 8 bn in revenues this year, Tourism Minister Khaled El Enany told <a href=\"https:\/\/www.thenationalnews.com\/business\/travel-and-tourism\/egypt-targets-one-million-tourists-a-month-and-8bn-in-revenue-minister-says-1.1223820\">the National<\/a>, a slightly more ambitious target than the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/146743c8-8fc0-46d6-ab09-1788aff56eff\">USD 6-7 bn<\/a> revenue goal announced by Deputy Minister Ghada Shalaby last month. Monthly tourism revenues registered USD 500 mn in April, with almost 500k tourists visiting during the month, El Enany told <a href=\"https:\/\/www.reuters.com\/world\/africa\/egypt-keen-tourism-recovery-by-year-end-visitor-numbers-rise-2021-05-16\/\">Reuters<\/a>.<\/p>\n<p><strong>Revenues began to see a slow recovery at the end of 2020:<\/strong> Tourism income rose to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b7042bbd-cedd-44cb-aefb-6ea18b372cd4\">USD 987 mn during the final quarter of 2020<\/a>, up 25% from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a80efc38-b49b-4f60-906a-1d118896b74b\">the previous quarter<\/a>.<\/p>\n<p><strong>But there\u2019s a long way to go:<\/strong> This was less than a third of the USD 3.1 bn in revenues booked in the equivalent period the year before. S&P Global Ratings <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1fd134ec-624a-4402-b295-075903f03f50\">said this month<\/a> that it doesn\u2019t expect the tourism sector to recover until 2023, contributing to current account receipts remaining below pre-pandemic levels for another two years. The government hopes that arrivals will recover to the 2019 levels of 13 mn <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/093c4b68-9f7e-42a5-bcaa-05f89fb4b473\">by fall 2022<\/a>.<\/p>\n<p><strong>And continued covid-19 travel curbs could hold back targets:<\/strong> One in three countries and territories worldwide are now closed to tourism as countries impose new travel restrictions to quell a new wave \u2014 and several new variants \u2014 of the virus, Reuters reports.<\/p>\n<p><strong>Egypt has remained only mildly affected by the latest wave:<\/strong> International travel between Kuwait and Egypt remains banned amid efforts to contain the spread of the virus, while Egypt is no longer on a list of countries from which travel to Saudi Arabia is banned as the kingdom resumes international flights today. The UK government <a href=\"https:\/\/www.gov.uk\/guidance\/red-amber-and-green-list-rules-for-entering-england\">advises people not to travel to Egypt<\/a> and mandates a 10-day quarantine period for people traveling from the country.<\/p>\n<p><strong>It doesn\u2019t help that Egypt's vaccine rollout is l<\/strong><strong>agging behind other countries in the region:<\/strong> Both Egypt and Tunisia have so far vaccinated less than 5% of their citizens. This compares to 20-30% in Greece, Italy, and Spain. \u201c[A slow rollout] is indeed a hidden risk factor economically, socially and politically for several EMs, since after a difficult 2020 it is tough to lose two seasons in a row,\u201d Union Investment fund manager Sergey Dergachev told Reuters.<\/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\/khaled-el-anany\/\">Khaled El Anany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562239\" 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=\"562239\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/covid-restrictions-could-be-extended\/\">\r\n                            Covid restrictions could be extended                        <\/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\/17\/covid-restrictions-could-be-extended\/\" 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\/17\/covid-restrictions-could-be-extended\/')\">\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\/17\/covid-restrictions-could-be-extended\/\">\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=Covid restrictions could be extended&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/covid-restrictions-could-be-extended\/\">\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\/17\/covid-restrictions-could-be-extended\/&title=Covid restrictions could be extended\">\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=Covid+restrictions+could+be+extended+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F17%2Fcovid-restrictions-could-be-extended%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\/17\/covid-restrictions-could-be-extended\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562239\" class=\"content-area-description single-story post-562239 post type-post status-publish format-standard hentry category-covid-watch tag-astrazeneca tag-covax tag-covid-19 tag-enterpriseam tag-sinopharm 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-04\"><\/a> <strong>Longer \u201clockdown\u201d possible as third wave\u2019s \u201cpeak\u201d approaches:<\/strong> The government could extend<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7cb40a2-315a-482b-a56e-9a95c6788e1a\">the series of measures it imposed for two weeks<\/a>to curb the spread of covid-19, <a href=\"https:\/\/bit.ly\/3bvAezi\">Al Shorouk<\/a> reports, citing an unnamed government official. The restrictions, which include 9pm closing time on malls, restaurants, and cafes, are due to expire on Friday, 21 May. Egypt\u2019s \u201cthird wave\u201d is expected to peak early next week and the spike in cases is anticipated to continue through mid-June, by which time our daily covid-19 case count could double from current figures.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/382660579951227\">reported<\/a><\/strong><strong> 1,201 new covid-19 infections yesterday<\/strong>, on par with 1,203 the day before. The ministry also reported 58 new deaths, bringing the country\u2019s total death toll to 14,327. Egypt has now disclosed a total of 245,721 confirmed cases of covid-19.<\/p>\n<p><strong>A 1.7 mn-dose batch of Oxford \/ AstraZeneca vaccines from the Gavi \/ Covax<\/strong> <strong>program landed in Egypt over the weekend<\/strong>, bringing the total number of jabs delivered under the UN-backed scheme to around 2.55 mn, the Health Ministry said (<a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/380422300175055\">watch, runtime: 4:30<\/a>). The shipment, which is part of a 5 mn-dose batch that is promised to be delivered to Egypt, is the second delivery of a 40 mn-shot order Egypt placed with Covax, following the delivery of another 854k doses <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71d6f4da-5532-481e-8b01-d60c79d39528\">in April<\/a>.<\/p>\n<p><strong>And we also received 500k doses of China\u2019s Sinopharm vaccine<\/strong>, as part of a 900k-shot shipment of the jab that is set to arrive during the month over two deliveries, the ministry said on Thursday (<a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/380165296867422\">watch, runtime: 1:09<\/a>). Egypt has an agreement with the company to supply 20 mn doses, and has so far received <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d6f2923-22e5-45ba-bbdb-95040fb52ca8\">680k<\/a>.<\/p>\n<p><strong>Egypt has now received a total of 5 mn doses of various vaccines<\/strong>, the ministry said. That is enough to fully vaccinate 2.5% of the population, given almost all vaccines require two doses for full immunization against the virus.<\/p>\n<p><strong>Sinovac may be more effective than first thought: <\/strong>China\u2019s Sinovac vaccine has proven to be highly effective at preventing covid-19 infection, death and hospitalization in a real-world clinical trial among health workers by <a href=\"https:\/\/sehatnegeriku.kemkes.go.id\/baca\/berita-utama\/20210512\/1937767\/kajian-cepat-kemenkes-vaksin-sinovac-efektif-cegah-kematian\/\">the Indonesian Health Ministry<\/a>, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-12\/chinese-shot-takes-controversial-path-to-vaccinating-the-world?sref=mmeFTDW1\">Bloomberg<\/a>. The study\u2019s data, which the Chinese vaccinemaker says it\u2019s unaware of, found that participants were 98% protected against death due to the virus, while being 96% protected against hospitalization and 94% protected against symptomatic infection.<\/p>\n<p><strong>A study in Brazil earlier this year handed the shot a <\/strong><strong><a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-brazil-coronavirus-idUSKBN29H2CE\">50.4% efficacy rate<\/a><\/strong>, making it one of the least effective vaccines produced worldwide to combat covid-19. The World Health Organization is still uncertain about the vaccine\u2019s efficacy due to <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/sinovac-covid-19-vaccine-effective-some-data-lacking-who-experts-2021-05-05\/\">lack of peer-reviewed data<\/a> on its risk of serious adverse effects, but the possibility of its emergency use approval remains.<\/p>\n<p><strong>Egypt <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/84d063a5-3089-4d27-9030-41952a930d4d\">cleared the vaccine for emergency use<\/a><\/strong><strong> last month<\/strong>, and will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff94c5e9-c386-45d1-80cd-279861fb2f35\">locally manufacture 2 mn doses<\/a> by the end of June after signing an agreement with the company.<\/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\/astrazeneca\/\">AstraZeneca<\/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\/sinopharm\/\">Sinopharm<\/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=\"562240\" 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=\"562240\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/no-repeat-of-the-ever-given\/\">\r\n                            No repeat of the Ever Given?                        <\/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\/17\/no-repeat-of-the-ever-given\/\" 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\/17\/no-repeat-of-the-ever-given\/')\">\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\/17\/no-repeat-of-the-ever-given\/\">\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=No repeat of the Ever Given?&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/no-repeat-of-the-ever-given\/\">\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\/17\/no-repeat-of-the-ever-given\/&title=No repeat of the Ever Given?\">\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=No+repeat+of+the+Ever+Given%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F17%2Fno-repeat-of-the-ever-given%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\/17\/no-repeat-of-the-ever-given\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/120.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562241\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/no-repeat-of-the-ever-given\/120-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/120.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"120.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/120.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/120.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562240\" class=\"content-area-description single-story post-562240 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-enterpriseam tag-ever-given tag-infrastructure tag-suez-canal tag-suez-canal-authority 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>Dredging work to expand the New Canal and the southern stretch of the waterway <\/strong><strong>began yesterday<\/strong>, the Suez Canal Authority (SCA) said in <a href=\"https:\/\/www.facebook.com\/SuezCanalAuthorityEG\/posts\/447772703530433\">a statement<\/a>. The expansion \u2014 which President Abdel Fattah El Sisi wants to see <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/177e53a6-52e9-416d-a69d-2d6e1c720237\">completed within 24 months<\/a> \u2014 will add a 10 km extension to the New Suez Canal, as well as widening and deepening the canal\u2019s southern stretch (where the infamous Ever Given got lodged). The expansions will allow more vessels to pass through the canal and are designed to ensure that we don\u2019t see a repeat of the Ever Given saga. SCA boss Osama Rabie had presented the expansion plans to El Sisi last week, as the SCA <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db2b47ec-5e07-4857-b10d-c15536e1ff3b\">continues to butt heads<\/a> with Ever Given owner Shoei Kisen over compensation payments for the mega vessel\u2019s week-long blockage of the canal back 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\/ever-given\/\">Ever Given<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562242\" 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=\"562242\">\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\">Telecoms<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/mnos-let-my-people-go\/\">\r\n                            MNOs: Let my people go                        <\/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\/17\/mnos-let-my-people-go\/\" 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\/17\/mnos-let-my-people-go\/')\">\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\/17\/mnos-let-my-people-go\/\">\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=MNOs: Let my people go&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/mnos-let-my-people-go\/\">\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\/17\/mnos-let-my-people-go\/&title=MNOs: Let my people go\">\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=MNOs%3A+Let+my+people+go+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F17%2Fmnos-let-my-people-go%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\/17\/mnos-let-my-people-go\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/121.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562243\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/mnos-let-my-people-go\/121-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/121.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"121.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/121.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/121.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562242\" class=\"content-area-description single-story post-562242 post type-post status-publish format-standard has-post-thumbnail hentry category-telecoms tag-cit tag-enterpriseam tag-national-telecom-regulatory-authority tag-telecom-regulation-act tag-telecoms wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>MNOs get slap on the wrist for failing to allow customers to take their numbers with them <\/strong><strong>when switching operators:<\/strong> Egypt\u2019s four mobile network operators (MNOs) were handed a combined EGP 20.65 mn in fines from the National Telecommunications Regulatory Authority (NTRA) for violating the 2003 Telecom Regulation Act, under which customers can retain their phone numbers when switching providers, according to <a href=\"https:\/\/bit.ly\/3eSMvjy\">a statement<\/a>. Vodafone Egypt was fined EGP 7 mn, Orange Egypt was fined EGP 5.8 mn, Etisalat Misr was fined EGP 3.95 mn, and We was fined EGP 3.9 mn for violations such as rejecting customers\u2019 number transfer requests without justification and failing to implement the transfer.<\/p>\n<p><strong>The NTRA\u2019s decision comes on the heels of a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a365112a-e049-4f17-a9d1-6c84350888a2\">separate announcement<\/a><\/strong> earlier this month that it will ramp up its fines for telecom operators offering poor service quality and will impose new penalties for taking too long to resolve user complaints as of 2H2021.<\/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\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-telecom-regulatory-authority\/\">National Telecom Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecom-regulation-act\/\">Telecom Regulation Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms\/\">TELECOMS<\/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=\"562244\" 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=\"562244\">\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\">CURRENT AFFAIRS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/israeli-airstrikes-kill-another-10-kids\/\">\r\n                            Israeli airstrikes kill another 10 kids                        <\/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\/17\/israeli-airstrikes-kill-another-10-kids\/\" 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\/17\/israeli-airstrikes-kill-another-10-kids\/')\">\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\/17\/israeli-airstrikes-kill-another-10-kids\/\">\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=Israeli airstrikes kill another 10 kids&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/israeli-airstrikes-kill-another-10-kids\/\">\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\/17\/israeli-airstrikes-kill-another-10-kids\/&title=Israeli airstrikes kill another 10 kids\">\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=Israeli+airstrikes+kill+another+10+kids+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F17%2Fisraeli-airstrikes-kill-another-10-kids%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\/17\/israeli-airstrikes-kill-another-10-kids\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/122.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562245\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/israeli-airstrikes-kill-another-10-kids\/122-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/122.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"122.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/122.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/122.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562244\" class=\"content-area-description single-story post-562244 post type-post status-publish format-standard has-post-thumbnail hentry category-current-affairs tag-arab-league tag-benjamin-netanyahu tag-current-affairs tag-enterpriseam tag-israel tag-joe-biden tag-palestine tag-sameh-shoukry tag-un wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Israeli airstrikes yesterday killed 42 Palestinians, including 10 children, <\/strong><strong>bringing the total death toll in Gaza over the past week to 192<\/strong>, 58 of whom were children, according to <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-bombs-hamas-gaza-chiefs-home-fighting-enters-seventh-day-2021-05-15\/\">Reuters<\/a>. The Israeli Defense Forces (IDF) claimed it did not intend to kill civilians, saying its airstrikes \u201cattacked a tunnel system used by militants, which collapsed\u201d and brought down civilian homes. The IDF also flattened a building in Gaza that housed the Associated Press and Al Jazeera bureaus, in addition to several offices and residential apartments on Saturday, alleging that Hamas\u2019 military intelligence unit was stationed in the building. The airstrike did not result in any casualties or injuries, according to the <a href=\"https:\/\/apnews.com\/article\/israel-middle-east-business-israel-palestinian-conflict-fe452147166f55ba5a9d32e6ba8b53d7\">Associated Press<\/a>. A total of 10 people, including two children, have been killed in Israel since last Monday.<\/p>\n<p><strong>Even with international pressure mounting for a ceasefire, Israel has no plans to stop its military offensive against Palestine<\/strong>, which will \u201ctake time\u201d to \u201crestore the quiet and security,\u201d Prime Minister Benjamin Netanyahu <a href=\"https:\/\/www.facebook.com\/124149704266450\/posts\/4608645962483446\/\">said in a speech yesterday<\/a>. Netanyahu\u2019s remarks came as the UN Security Council <a href=\"https:\/\/www.npr.org\/2021\/05\/16\/997322547\/u-n-security-council-meets-over-israeli-palestinian-violence\">met virtually yesterday<\/a> to discuss the escalation, but made no progress on the issue.<\/p>\n<p><strong>Washington is sitting on its hands: <\/strong>China, Norway, and Tunisia \u2014 all of whom have seats on the 15-member council \u2014 have unsuccessfully been lobbying the US to support a statement that calls for a ceasefire, according to the <a href=\"https:\/\/apnews.com\/article\/united-nations-gaza-middle-east-business-race-and-ethnicity-6c7b05bf4a9adf33d877b3c9f7dfa344\">Associated Press<\/a>. Washington said \u201csuch a statement could interfere with diplomatic efforts to de-escalate the situation.\u201d <strong>Egypt's permanent representative to the UN called for an immediate end to the violence<\/strong>; Mohamed Idris told Extra News that Egypt would work to draw attention to the key issue of Israel\u2019s illegitimate occupation of Palestinian land (<a href=\"https:\/\/www.youtube.com\/watch?v=YLXhCnxDL6Y\">watch, runtime 4:50<\/a>).<\/p>\n<p><strong>Egypt has been trying to mediate a one-year truce between Palestine and Israel to no avail<\/strong>, with an Egyptian delegation leaving Tel Aviv on Thursday after Israel rejected Cairo\u2019s mediation proposal, <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/411124\/Egypt\/Politics-\/Egyptian-delegation-leaves-Tel-Aviv-after-Israel-r.aspx\">Ahram Online<\/a>reports. The move came after Shoukry spoke with his Israeli counterpart Gabi Ashkenazi to push for an end to the violence <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5603102133095020\">on Wednesday<\/a>, one day after Shoukry said at an <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5596305607108006\">emergency virtual meeting<\/a> of the Arab League that Egypt \u201cdid not get a response\u201d from Israel concerning its proposal. Egypt is still working with Jordan, France, and Germany to revive peace talks between Palestine and Israel, Shoukry said at yesterday\u2019s <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5623098481095385\">Security Council meeting<\/a>. Meanwhile, Egypt is suspending cooperation with Tel Aviv on \u201cseveral issues\u201d in response to the escalation, <a href=\"https:\/\/www.facebook.com\/AlArabiya\/photos\/pcb.4243815192321406\/4243837715652487\">Al Arabiya<\/a> reports, citing unnamed sources.<\/p>\n<p><strong>Biden talks to Netanyahu, Abbas:<\/strong> US President Joe Biden held separate phone calls with <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/05\/15\/readout-of-president-joseph-r-biden-jr-call-with-prime-minister-benjamin-netanyahu-of-israel-3\/\">Netanyahu<\/a> and Palestinian Authority President <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/05\/15\/readout-of-president-joseph-r-biden-jr-call-with-palestinian-authority-president-mahmoud-abbas\/\">Mahmoud Abbas<\/a> on the situation. Biden \u201creaffirmed his strong support for Israel\u2019s right to defend itself\u201d in his call with Bibi and told Abbas that Hamas needs to stop firing rockets into Israel. Netanyahu thanked Biden for the US\u2019 \u201cserious backing\u201d of Israel. Separately, <strong>US Secretary of State Anthony Blinken and Foreign Minister Sameh Shoukry agreed in a <\/strong><strong><a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5624328427639057\">phone call yesterday<\/a><\/strong> to continue working together to advance peace talks. Blinken also called up the foreign ministers of Qatar and Saudi Arabia, according to <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/blinken-discusses-gaza-calls-with-qatari-egyptian-foreign-ministers-2021-05-16\/\">Reuters<\/a>.<\/p>\n<p><strong>Meanwhile, Egypt is still drumming up regional and international support:<\/strong> Shoukry has been in talks over the issue with his regional and foreign counterparts including <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5624419147629985\">Qatar<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b29fffd5-dafc-48ef-aac3-36ed56e75f50\">Saudi Arabia<\/a>, <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5613775402027693\">Tunisia<\/a>, <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5612809628790937\">Jordan<\/a>, <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5608184235920143\">France<\/a><a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5608184235920143\">,<\/a><a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5618462781558955\">Pakistan<\/a>, <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5606029662802267\">Russia<\/a>, and <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/5608184235920143\">Ireland<\/a>.<\/p>\n<p><strong>Egypt opened its Rafah border crossing <\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypt-opens-rafah-crossing-early-palestinian-travellers-sources-2021-05-16\/\">yesterday<\/a><\/strong> and prepared hospitals in North Sinai to treat wounded Palestinians, <a href=\"https:\/\/www.reuters.com\/article\/idUSKCN2CW07K\">Reuters<\/a> reports, citing medical and security sources.<\/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\/benjamin-netanyahu\/\">Benjamin Netanyahu<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/current-affairs\/\">CURRENT AFFAIRS<\/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\/joe-biden\/\">Joe Biden<\/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\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562246\" 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=\"562246\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/us-says-it-supports-gerd-talks-but-wont-mediate\/\">\r\n                            US says it supports GERD talks, but won't mediate                        <\/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\/17\/us-says-it-supports-gerd-talks-but-wont-mediate\/\" 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class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=US says it supports GERD talks, but won't mediate&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/us-says-it-supports-gerd-talks-but-wont-mediate\/\">\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\/17\/us-says-it-supports-gerd-talks-but-wont-mediate\/&title=US says it supports GERD talks, but won't mediate\">\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=US+says+it+supports+GERD+talks%2C+but+won%27t+mediate+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F17%2Fus-says-it-supports-gerd-talks-but-wont-mediate%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\/17\/us-says-it-supports-gerd-talks-but-wont-mediate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562246\" class=\"content-area-description single-story post-562246 post type-post status-publish format-standard hentry category-diplomacy tag-african-union tag-diplomacy tag-enterpriseam tag-ethiopia tag-gerd tag-sudan tag-us tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>The US is pushing Egypt, Ethiopia, and Sudan to <\/strong><strong>\u201curgently\u201d resume negotiations over the Grand Ethiopian Renaissance Dam (GERD).<\/strong> Following a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/00b4d2f8-c2db-4f66-84e0-5105f8ca2a7f\">10-day tour of the region<\/a>, Special Envoy for the Horn of Africa Jeffrey Feltman <a href=\"https:\/\/www.state.gov\/travel-by-u-s-special-envoy-for-the-horn-of-africa-jeffrey-feltman\/\">called for the resumption of talks<\/a>, which have been stalled <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fed1a86a-7b61-41be-828c-d1a714e4de03\">since April<\/a> after the three sides were unable to agree on how to proceed with negotiations. \u201cEgypt and Sudan\u2019s concerns over water security and the safety and operation of the dam can be reconciled with Ethiopia\u2019s development needs through substantive and results-oriented negotiations,\u201d Feltman said, after holding separate talks with all three sides earlier this month.<\/p>\n<p><strong>But Washington isn\u2019t willing to play mediator right now:<\/strong> Feltman expressed support for the current negotiations being led by the African Union and said the US is ready to provide \u201cpolitical and technical support.\u201d Cairo and Khartoum have both called for new mediators to enter the fray alongside the AU, while Ethiopia has insisted that the AU should remain the sole player in the process.<\/p>\n<p><strong>More of the same, coming soon:<\/strong> Feltman will return to the region \u201cin short order\u201d to continue what the administration calls an \u201cintensive diplomatic effort\u201d to find a way out of the crisis. [<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/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=\"562247\" 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=\"562247\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/gb-auto-net-income-doubles-in-1q-amid-higher-demand\/\">\r\n                            GB Auto net income doubles in 1Q amid higher demand                        <\/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\/17\/gb-auto-net-income-doubles-in-1q-amid-higher-demand\/\" 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\/17\/gb-auto-net-income-doubles-in-1q-amid-higher-demand\/')\">\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\/17\/gb-auto-net-income-doubles-in-1q-amid-higher-demand\/\">\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=GB Auto net income doubles in 1Q amid higher demand&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/gb-auto-net-income-doubles-in-1q-amid-higher-demand\/\">\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\/17\/gb-auto-net-income-doubles-in-1q-amid-higher-demand\/&title=GB Auto net income doubles in 1Q amid higher demand\">\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=GB+Auto+net+income+doubles+in+1Q+amid+higher+demand+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F05%2F17%2Fgb-auto-net-income-doubles-in-1q-amid-higher-demand%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\/17\/gb-auto-net-income-doubles-in-1q-amid-higher-demand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562247\" class=\"content-area-description single-story post-562247 post type-post status-publish format-standard hentry category-earnings-watch tag-automotive tag-earnings tag-earnings-watch tag-enterpriseam tag-gb-auto tag-gb-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>GB Auto\u2019s net income more than doubled to EGP 299 mn in 1Q2021<\/strong> compared to EGP 138 mn in the same quarter last year, according to the company\u2019s <a href=\"https:\/\/ent.news\/2021\/5\/GB-Auto-ER-One-Pager-1Q21-E-FINAL.pdf\">earnings release (pdf)<\/a>. Revenues rose 16% to hit EGP 6.8 bn during the quarter, compared to EGP 5.9 bn a year earlier, off the back of \u201cpent up demand and strengthening purchasing power,\u201d according to CEO Nader Ghabbour. <strong>The growth despite both the impact of low season and a global semiconductor shortage that has affected the company\u2019s supply chains<\/strong>, Ghabbour said.<\/p>\n<p><strong>Moving forward:<\/strong> \u201cWe expect the continuation of the strong start of the year, particularly as market conditions continue to improve and consumers normalize to the covid-19 situation,\u201d Ghabbour said, highlighting the accelerating pace of the vaccine rollout worldwide. The planned launch of GB Auto factoring arm Drive\u2019s mobile application in 2H2021 is likely to further boost the company\u2019s growth trajectory. The company also aims to expand its auto and auto-related segment as well as GB Capital, and <strong>expects the effect of the global chip shortage on its operations to diminish by the end of the year<\/strong>.<\/p>\n<p><strong>Egypt Kuwait Holding\u2019s (EKH) attributable net income rose 41% y-o-y to USD 42.7 mn in<\/strong><strong> 1Q2021<\/strong>, up from USD 27 mn during the same quarter last year, according to an <a href=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/ekh\/EKH-ER-1Q21-E-FINAL.pdf\">earnings release (pdf)<\/a>. EKH\u2019s 1Q2021 top line came in at USD 191.9 mn, compared to USD 146.6 mn in 1Q2020, up 19% y-o-y, which the company says was driven primarily by \u201cthe fertilizer and petrochemical segment\u2019s solid performance, driven by rallying urea and commodities prices for the period.\u201d The rally was underpinned \u201cby a normalization of market conditions with the roll-out of COVID-19 vaccines and easing restrictions,\u201d Chairman Moataz Al-Alfi said.<\/p>\n<p><strong>Looking ahead<\/strong>, the market recovery and improved commodity prices will leave EKH \u201cwell-positioned to carry forward our strong momentum from the start of the year,\u201d Al-Alfi said. The company has earmarked USD 75 mn in capex spending, including investing in new platforms and drilling campaigns, at its subsidiary Offshore North Sinai to capitalize on growing gas consumption, said CEO Sherif El-Zayat. EKH is also moving steadily towards bringing its sulphuric acid factory at Sprea Misr online by mid-2022, El-Zayat 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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gb-auto\/\">GB Auto<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gb-capital\/\">GB Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562248\" 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=\"562248\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/562248\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562248\" class=\"content-area-description single-story post-562248 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=\"562249\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n  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Egypt in the News on 17 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\/17\/egypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-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 17 May 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/egypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-may-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562250\" class=\"content-area-description single-story post-562250 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-gender tag-human-rights tag-judiciary wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Leading coverage of Egypt this morning in the foreign press:<\/strong> Egypt\u2019s prosecutor general has temporarily halted the nine-month probe into the 2014 [redacted] <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27214da4-97fc-4196-8108-33a0c7ce6049\">assault case at the Fairmont Hotel<\/a>, ordering the release of the four suspects due to \u201cinsufficient evidence,\u201d according to <a href=\"https:\/\/www.facebook.com\/ppo.gov.eg\/posts\/3979475798826959\">a statement<\/a>. <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2CT2BS\">Reuters<\/a>reported that Egyptian social media users and civil society groups expressed frustration at the decision, while <a href=\"https:\/\/apnews.com\/article\/africa-middle-east-egypt-96be2e354a5d1753d3523b0d423a3b44\">the Associated Press<\/a> noted that seven rights groups have called on prosecutors to review their decision. Among outlets giving the story attention: <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2CS2WY\">Reuters<\/a> | <a href=\"https:\/\/www.news24.com\/news24\/Africa\/News\/egypt-releases-men-accused-of-gang-rape-in-luxury-hotel-20210512\">AFP<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-57072192\">BBC<\/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\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/judiciary\/\">judiciary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562251\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562252\" 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=\"562252\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/what-the-markets-are-doing-on-17-may-2021\/\">\r\n                            What the markets are doing on 17 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\/17\/what-the-markets-are-doing-on-17-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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Fiscal stimulus and the rapid adoption of fintech helped remittances stay more or less stable through the year, despite the economic crisis wrought by the pandemic.<\/p><p><strong>In comparison:<\/strong> The global fall in remittance flows was less than that seen during the global financial crisis (-4.8%) and was far less than the fall in FDI flows to low and middle-income countries (excluding China), which saw a 30% drop last year.<\/p><p><strong>An 11% increase in remittance flows from Egypt helped buoy figures from the Middle East<\/strong>, with the region witnessing a 2.3% growth in remittances to USD 56 bn, the World Bank report found. Of those, a record high of USD 30 bn flowed into Egypt, the WB said. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9026fa43-ed04-4d8d-bed4-2b429442b37b\">Central bank figures<\/a> released earlier reported Egypt\u2019s remittances growth as 10.5% during 2020 and put the total amount at some USD 29.6 bn. This is an increase from the USD 26.8 bn recorded in 2019, even as GCC countries \u2014 where most Egyptian expats are based \u2014 were rocked by the twin shocks of covid shutdowns and collapsing oil prices.<\/p><table class=\"markets-table\">\n<tbody>\n<tr class=\"gray-table\">\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/positive.png?w=14&#038;ssl=1\" alt=\"Up\" ><\/td>\n<td><strong>EGX30 <\/strong><\/td>\n<td>10,768<\/td>\n<td>+0.8% (YTD: -0.7%)<\/td>\n<\/tr>\n<tr>\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/positive.png?w=14&#038;ssl=1\" alt=\"Up\" ><\/td>\n<td><strong>USD (CBE)<\/strong><\/td>\n<td>Buy 15.63<\/td>\n<td>Sell 15.73<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/none.png?w=14&#038;ssl=1\" alt=\"None\" ><\/td>\n<td><strong>USD at CIB<\/strong><\/td>\n<td>Buy 15.61<\/td>\n<td>Sell 15.71<\/td>\n<\/tr>\n<tr>\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/none.png?w=14&#038;ssl=1\" alt=\"None\" ><\/td>\n<td><strong>Interest rates CBE<\/strong><\/td>\n<td>8.25% deposit<\/td>\n<td>9.25% lending<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/positive.png?w=14&#038;ssl=1\" alt=\"Up\" ><\/td>\n<td><strong>Tadawul<\/strong><\/td>\n<td>10,323<\/td>\n<td>+0.9% (YTD: +18.8%)<\/td>\n<\/tr>\n<tr>\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/positive.png?w=14&#038;ssl=1\" alt=\"Up\" ><\/td>\n<td><strong>ADX<\/strong><\/td>\n<td>6,428<\/td>\n<td>+3.5% (YTD: +27.4%)<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/negative.png?w=14&#038;ssl=1\" alt=\"Down\" ><\/td>\n<td><strong>DFM<\/strong><\/td>\n<td>2,665<\/td>\n<td>-1.2% (YTD: +6.9%)<\/td>\n<\/tr>\n<tr>\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/positive.png?w=14&#038;ssl=1\" alt=\"Up\" ><\/td>\n<td><strong>S&amp;P 500<\/strong><\/td>\n<td>4,174<\/td>\n<td>+1.5% (YTD: +11.1%)<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/positive.png?w=14&#038;ssl=1\" alt=\"Up\" ><\/td>\n<td><strong>FTSE 100<\/strong><\/td>\n<td>7,044<\/td>\n<td>+1.2% (YTD: +9.0%)<\/td>\n<\/tr>\n<tr>\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/none.png?w=14&#038;ssl=1\" alt=\"None\" ><\/td>\n<td><strong>Brent crude<\/strong><\/td>\n<td>USD 68.73<\/td>\n<td>\n<ul>\n<li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/positive.png?w=14&#038;ssl=1\" alt=\"Up\" ><\/td>\n<td><strong>Natural gas <\/strong>(Nymex)<\/td>\n<td>USD 3.04<\/td>\n<td>+2.6%<\/td>\n<\/tr>\n<tr>\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/positive.png?w=14&#038;ssl=1\" alt=\"Up\" ><\/td>\n<td><strong>Gold<\/strong><\/td>\n<td>USD 1,852.50<\/td>\n<td>+0.8%<\/td>\n<\/tr>\n<tr class=\"gray-table\">\n<td><img data-recalc-dims=\"1\" decoding=\"async\" class=\"market-arrow\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/negative.png?w=14&#038;ssl=1\" alt=\"Down\" ><\/td>\n<td><strong>BTC<\/strong><\/td>\n<td>USD 44,986.56<\/td>\n<td>-6.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 0.8% at Tuesday\u2019s close<\/strong> on turnover of EGP 1.11 bn (10.5% below the 90-day average). Foreign investors were net sellers. The index is down 0.7% YTD.<\/p><p><strong>In the green: <\/strong>Edita (+8.9%), Fawry (+5.0%) and MM Group (+4.2%).<\/p><p><strong>In the red: <\/strong>Cleopatra Hospital (-3.4%), Credit Agricole (-0.9%) and Madinet Nasr Housing (-0.6%).<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-wealth-funds\/\">Sovereign wealth funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/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=\"562253\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">12<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/egypt-is-jumping-on-the-learn-to-code-bandwagon\/\">\r\n                            Egypt is jumping on the learn-to-code bandwagon<\/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\/egypt-is-jumping-on-the-learn-to-code-bandwagon\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The <a href=\"https:\/\/www.weforum.org\/agenda\/2020\/10\/top-10-work-skills-of-tomorrow-how-long-it-takes-to-learn-them\/\">World Economic Forum<\/a> estimates that tech may displace 85 mn jobs by 2025 and create 97 mn new ones, making overall digital skills acquisition a must. Egypt\u2019s government <a href=\"https:\/\/itida.gov.eg\/English\/Programs\/future-work-is-digital\/Pages\/default.aspx\">is pushing this<\/a> agenda, and has dedicated some effort to promoting coding skills. <strong>Egyptian startups offering coding courses say demand for their services is steadily increasing<\/strong>, particularly for children. But the sector remains fragmented, with a notable lack of large, private sector operators.<\/p>\n<p><strong>At the heart of learning to code: Mastering programming languages and problem solving skills. <\/strong>Of the estimated <a href=\"https:\/\/careerkarma.com\/blog\/how-many-coding-languages-are-there\/#:~:text=How%20Many%20Computer%20Languages%20Are,to%20an%20impressive%20245%20languages.\">700 programming languages<\/a>, the <a href=\"https:\/\/www.northeastern.edu\/graduate\/blog\/most-popular-programming-languages\/\">most popular include<\/a> Python, JavaScript, and C++. Which language you learn depends on whether you\u2019re developing a web-based startup, a mobile app, an internal software app, video game, or robot. Just as important as absorbing data is thinking critically, <a href=\"https:\/\/careerfoundry.com\/en\/blog\/web-development\/7-benefits-of-learning-to-code\/\">argue web developers<\/a> \u2014 so coding is touted as an ideal skill for children.<\/p>\n<p><strong>In Egypt, it\u2019s hard to quantify the size of the industry:<\/strong> There\u2019s little government data on private companies offering coding or programming tuition, representatives at ITIDA tell Enterprise. Only some companies are accredited, so compiling a sector overview is difficult, say IBM representatives. A <a href=\"https:\/\/www.google.com\/search?sa=X&rlz=1C1SQJL_enEG943EG943&tbs=lf:1,lf_ui:2&tbm=lcl&q=Programming+courses+in+Egypt&rflfq=1&num=10&ved=2ahUKEwi4pLy0utXvAhWuRhUIHVnYBo0QjGp6BAgFEGY&biw=1536&bih=754#rlfi=hd:;si:;mv:[[32.6279514,56.6927315],[24.670007599999998,28.0479374]];start:140\">Google search<\/a> lists 106 programming courses in Egypt, but sources say it\u2019s safe to assume the real number is much higher \u2014 possibly in the thousands. <a href=\"https:\/\/courses.laimoon.com\/egypt\/it-computing-and-technology\/programming\/?listing_type=institutes&page=6\">Search engine Laimoon<\/a> lists 449 programming courses available in Egypt from 292 providers, but most are very basic online courses with few academic entry requirements.<\/p>\n<p><strong>Adults have the option of some instructor-led courses by international providers \u2014 with hefty price tags:<\/strong> Finding reasonably-priced <a href=\"https:\/\/www.webopedia.com\/definitions\/full-stack\/\">full stack<\/a> (comprehensive design) courses to attend in person in Egypt is very challenging, says one source, speaking on condition of anonymity. UK-founded training provider <a href=\"https:\/\/www.theknowledgeacademy.com\/eg\/about\/\">The Knowledge Academy<\/a> offers <a href=\"https:\/\/www.theknowledgeacademy.com\/eg\/courses\/programming-training\/\">42 different programming courses<\/a>, with a 2-day online instructor-led course costing USD 1095 and 1-day course costing USD 495. Poland-founded operator <a href=\"https:\/\/www.nobleprog.com\/\">NobleProg<\/a> offers <a href=\"https:\/\/www.nobleprog.com.eg\/course-types\">30 programming courses<\/a> in Egypt, with a 7-hour course costing USD 2,155 in person and USD 773 online, while a 28-hour course costs USD 7,270 in person and USD 3,090 online.<\/p>\n<p><strong>New regional player GoMyCode seeks to provide a well-priced alternative:<\/strong> Tunisian startup <a href=\"https:\/\/gomycode.com\/EG-EN\/about\">GoMyCode<\/a> launched its Egypt branch in mid-March, initially offering one full-time, 20-week full stack course and several part-time 12-week courses for adults, in areas ranging from introduction to web development to introduction to artificial intelligence, says Egypt Marketing Coordinator Nesma Elsehmawy. Its price point is considerably lower than the international consultancies, coming in <a href=\"https:\/\/gomycode.com\/EG-EN\/product\/developpement-fullstack-js\">at EGP 13k<\/a> for its full stack course. GoMyCode is active in 8 countries in Africa.<\/p>\n<p><strong>At the gov\u2019t level, ITIDA\u2019s focus is on secondary school students:<\/strong> ITIDA <a href=\"https:\/\/www.computerweekly.com\/news\/252462068\/Egypt-aims-to-develop-coding-skills-earlier-in-education-system\">planned to train<\/a> 5k 15-year olds in the basics of programming \u2014 including HTML, CSS, and Python \u2014 between 2019 and 2020. It successfully trained 1.2k secondary school students and 1.06k students who had finished school, from 616 schools throughout the country. But covid-19 has seen the program suspended, a representative tells Enterprise. Some of ITIDA\u2019s digital skills provision is through partnership with Udacity, Coursera and EdX. An EGP 300 mn contract with Udacity allowed ITIDA to offer coding courses to students free of charge, the source adds.<\/p>\n<p><strong>Smaller local startups far outnumber other providers, and focus on teaching children: <\/strong>Many cater to children as young as 5 and go up to 16, teaching a combination of programming and robotics to groups of 4-6 students. Classes for younger children are often charged at an hourly rate of roughly 150-300 LE, while longer courses could run from EGP 2.1k (for 6 weeks) to EGP 15.9k (for 9 months). Notable providers include iSchool, <a href=\"https:\/\/web.facebook.com\/koding4kinder\/?_rdc=1&_rdr\">Koding4Kinder<\/a>, <a href=\"https:\/\/www.almakinah.com\/?fbclid=IwAR0QiTKytOwr0Va7tCXmbU5EhXHwpHv4hW4Wq4cc-QvUsHYwACHQ_FL73dI\">AlMakinah<\/a>, and <a href=\"https:\/\/web.facebook.com\/Evolution-1368942869820966\/\">Evolution<\/a>. Many providers started with a focus on robotics and assembly before shifting into coding and online education, says Sherif Amin, founder of new market entrant <a href=\"https:\/\/www.yallancode.com\/en\">YallaNCode<\/a>. \u201cFrom day one, I focused on the programming, coding, and e-learning experience. That\u2019s where I saw a market gap,\u201d he says.<\/p>\n<p><strong>Why do so many startups target children? Because there\u2019s a gap in the market. <\/strong>Adults wanting to learn coding can seek international certification from Microsoft, Oracle, Cisco or others, says Moe Ashour, founder of programming and robotics startup <a href=\"https:\/\/web.facebook.com\/RobotechEgypt\">Robo-Tech Egypt<\/a>. \u201cThere\u2019s little incentive to launch a startup that would compete with these big players.\u201d<\/p>\n<p><strong>Local providers fall into three groups,<\/strong> says Ashour: freelancers, who teach coding part-time and generate work via word of mouth; outfits like Robo-Tech, which are branded entities with an online presence but no permanent physical location; and companies with their own physical centers. Freelancers may find providing coding tuition to be very lucrative, says Ashour. Branded startups generate revenue through their course offerings, but in most cases put in the capital themselves to get their ventures off the ground, say sources.<\/p>\n<p><strong>Demand for learning is spurred by competitions<\/strong>, Ashour believes. Local and international competitions raise awareness about the value of learning to code, and help to build communities of programmers, sources say. Notable competitions include the <a href=\"https:\/\/web.facebook.com\/EgyptCPC\/?_rdc=1&_rdr\">Egyptian Collegiate Programming Contest<\/a>, the <a href=\"https:\/\/www.rovegypt.org\/\">ROV (underwater robotics) competition<\/a>, and <a href=\"https:\/\/codingcompetitions.withgoogle.com\/kickstart\/schedule\">Google\u2019s Kickstart Coding Competition<\/a>.<\/p>\n<p><strong>Ultimately, coding has clear employment benefits, so naturally demand is high: <\/strong>With covid-19 forcing people \u2014 especially children \u2014 to stay home, demand for online coding courses in particular has increased, say Koding4Kinder\u2019s founders. Service demand tripled within the year because of covid, they estimate. \u201cWe were forced to restructure because we couldn\u2019t give courses face-to-face. It ultimately increased our publicity,\u201d they say. \u201cAfter YallaNCode\u2019s launch, we\u2019d reached over 20% capacity in a few days. I expect to be at full capacity within weeks,\u201d says Amin. \u201cBut it\u2019s not a surprise. I was expecting this.\u201d In Tunisia, around 85% of students who graduate from GoMyCode are able to rapidly find jobs, says Elsehmawy.<\/p>\n<p><strong>But where are the big, private sector players? <\/strong>There\u2019s currently enough space in the market for everyone, but some are awaiting the entry of bigger players. \u201cSo far, there hasn\u2019t been much competition. Demand is high enough that everyone can do their own thing. But I think we may soon see more players in the market, including big private sector operators potentially interested in creating their own coding companies,\u201d Ashour says.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>Your to<\/strong><strong>p education stories for the week:<\/strong><\/p>\n<ul>\n<li>The schedule for Edadiya exams <a href=\"https:\/\/m.akhbarelyom.com\/news\/newdetails\/3359308\/1\/%D8%AE%D8%A7%D8%B5--%D9%88%D9%83%D9%8A%D9%84-%D8%AA%D8%B9%D9%84%D9%8A%D9%85-%D8%A7%D9%84%D8%AC%D9%8A%D8%B2%D8%A9--%D8%A5%D8%B9%D9%84%D8%A7%D9%86-%D8%AC%D8%AF%D8%A7%D9%88%D9%84-%D8%A7%D9%84%D8%B4%D9%87%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%A5%D8%B9%D8%AF%D8%A7%D8%AF%D9%8A%D8%A9-%D8%B9%D9%82%D8%A8-%D8%A5%D8%AC%D8%A7%D8%B2%D8%A9-%D8%A7%D9%84%D8%B9%D9%8A%D8%AF\">will be announced<\/a> after the Eid break.<\/li>\n<li>Misr Uni for Science and Technology President Dr. Mohamed H El Azzazi <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2329247\">passed away<\/a> on Wednesday.<\/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\/coding\/\">coding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/coursera\/\">Coursera<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/defense\/\">Defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-collegiate-programming-contest\/\">Egyptian Collegiate Programming Contest<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gomycode\/\">GoMyCode<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/itida\/\">ITIDA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kickstart-coding-competition\/\">Kickstart Coding Competition<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/koding4kinder\/\">Koding4Kinder<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/robo-tech-egypt\/\">Robo-Tech Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/udacity\/\">Udacity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/yallancode\/\">YallaNCode<\/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=\"562255\" 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\/17\/your-essential-business-calendar-on-17-may-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562255\" class=\"content-area-description single-story post-562255 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>16-19 May (Sunday-Wednesday): The Arabian Travel Market (ATM) takes place in Dubai.<\/p>\n<p>17-20 May (Monday-Thursday): Avior-HC Egypt Virtual Conference.<\/p>\n<p>18-20 May (Tuesday-Thursday): Renaissance Capital\u2019s <a href=\"https:\/\/events.rencap.com\/MENAconference\/\">annual MENA Investor Conference<\/a>.<\/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>31 May (Monday): Egypt is hosting Trescon Global\u2019s <a href=\"https:\/\/www.tresconglobal.com\/conferences\/ai\/egypt\/\">World AI Show<\/a> with the support of ITIDA.<\/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>1 July (Thursday): Businesses importing goods at seaports will need to file shipping documents and cargo data digitally to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">the Advance Cargo Information (ACI) system<\/a>.<\/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":562231,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-562230","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b564d543-6742-4335-9ecc-e246a7937eda","teaser":"","photo_url":"https:\/\/ent.news\/2021\/5\/116.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>Actis to double down on energy in Egypt, Africa + 10 more kids die in Israel\u2019s attack on Palestine - 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\/actis-to-double-down-on-energy-in-egypt-africa-10-more-kids-die-in-israels-attack-on-palestine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Actis to double down on energy in Egypt, Africa + 10 more kids die in Israel\u2019s attack on Palestine\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/actis-to-double-down-on-energy-in-egypt-africa-10-more-kids-die-in-israels-attack-on-palestine\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T03:37:53+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\/116.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\/actis-to-double-down-on-energy-in-egypt-africa-10-more-kids-die-in-israels-attack-on-palestine\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/actis-to-double-down-on-energy-in-egypt-africa-10-more-kids-die-in-israels-attack-on-palestine\/\",\"name\":\"Actis to double down on energy in Egypt, Africa + 10 more kids die in Israel\u2019s attack on Palestine - 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